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Government Initiatives and Support Will Drive Market Growth; Emerging Applications Will Create New End-user Segments and Expand Existing Ones
The Southeast Asian LED lighting market has been growing steadily over the last few years, mainly due to government initiatives, rising demand, and infrastructure projects. The government offers strong support through incentives and regulations; financial support is provided to boost local manufacturers. Declining prices have resulted in rising consumer demand for and adoption of LED products. In addition, environment-friendly products are seeing increased uptake across the region, fueled by the efforts of the key market participants. The outdoor lighting segment will record significant growth over the next 2-3 years as a result of infrastructure-related investments. Except for Singapore, all the other countries under study are embarking on major projects that are likely to be completed in the short term.
However, market growth is restrained by the intense price competition. Price wars, along with the lack of end-user awareness about the various LED solutions, hamper demand. In addition, declining prices affect companies' bottom-lines and hinder their capacity to spend on R&D and other development efforts.
Growth opportunities include the lighting-as-a-service (LaaS) business model, technological advancements, R&D as a go-to-market strategy, cost efficiency, and the increasing applicability of LED lighting and its solutions. Growing end-user segments and emerging applications will drive market expansion. High R&D budgets and innovative practices will play a key role in capturing more market share. The shift to LaaS has proven to be a significant change in the market. By providing consumers with the option of reduced set-up costs, companies have found an alternative business model to address unmet market needs and expand their portfolios.
Many companies from the region are supported by various government initiatives to meet export capabilities, which allows them to provide high-quality products at relatively lower prices.
This study analyzes the market in terms of drivers, restraints, forecasts, trends, and competitive landscape. Countries under study are Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam. The study period is from 2015 to 2023; 2018 is the base year.
Key Issues Addressed
- What is the anticipated market growth between 2018 and 2023?
- What are the key drivers and restraints to market growth?
- What are the trends in end-user segments and distribution channels?
- Who are the key market participants and what are their competitive strengths?
- What is the market landscape like in each of the major Southeast Asian economies?
Author: Janice Wung
Key Findings
Market Engineering Measurements
Market Engineering Measurements (continued)
CEO’s Perspective
Market Definitions and Scope
Market Definitions and Scope (continued)
Key Questions this Study will Answer
Market Segmentation by Application
Market Segmentation by Geography
Distribution Channels
Value Chain
Lighting Technology Roadmap
Market Drivers
Drivers Explained
Drivers Explained (continued)
Drivers Explained (continued)
Market Restraints
Restraints Explained
Restraints Explained (continued)
Market Engineering Measurements
Market Engineering Measurements (continued)
Forecast Assumptions
Revenue Forecast
Revenue Forecast Discussion
Pricing Trends
Percent Revenue Forecast by Country
Revenue Forecast by Country
Revenue Forecast Discussion by Country
Revenue Forecast by Vertical Market
Revenue Forecast Discussion by Vertical Market
Percent Revenue Forecast by Distribution Channel
Percent Revenue Forecast by Distribution Channel Discussion
Penetration Analysis
Market Share
Competitive Environment
Top Competitors
Competitive Factors and Assessment
Competitive Factors and Assessment (continued)
Growth Opportunity 1—LaaS Business Model
Growth Opportunity 2—Technological Advancements
Growth Opportunity 3—R&D as a Go-to-Market Strategy
Growth Opportunity 4—Cost Efficiency
Growth Opportunity 5—Increasing Applicability
Strategic Imperatives for Success and Growth
Impact of Mega Trends on the Market
Impact of Mega Trends on the Market (continued)
Impact of Mega Trends on the Market (continued)
CEO’s 360 Degree Perspective
CEO’s 360 Degree Perspective (continued)
Indonesia Key Findings
Indonesia Revenue Forecast
Indonesia Revenue Forecast Discussion
Indonesia Revenue Forecast Discussion (continued)
Indonesia Pricing Trends
Indonesia Percent Revenue Forecast by Distribution Channel
Indonesia Percent Revenue Forecast by Distribution Channel Discussion
Indonesia Penetration Analysis
Indonesia Market Share
Indonesia Market Share Analysis
Indonesia Competitive Environment
Indonesia SWOT Analysis of Key Participants
Indonesia SWOT Analysis of Key Participants (continued)
Indonesia SWOT Analysis of Key Participants (continued)
Indonesia SWOT Analysis of Key Participants (continued)
Indonesia Competitive Factors and Assessment
Malaysia Key Findings
Malaysia Revenue Forecast
Malaysia Revenue Forecast Discussion
Malaysia Revenue Forecast Discussion (continued)
Malaysia Revenue Forecast Discussion (continued)
Malaysia Pricing Trends
Malaysia Percent Revenue Forecast by Distribution Channel
Malaysia Percent Revenue Forecast by Distribution Channel Discussion
Malaysia Penetration Analysis
Malaysia Market Share
Malaysia Market Share Analysis
Malaysia Competitive Environment
SWOT Analysis of Key Participants
SWOT Analysis of Key Participants (continued)
SWOT Analysis of Key Participants (continued)
SWOT Analysis of Key Participants (continued)
Malaysia Competitive Factors and Assessment
Philippines Key Findings
Philippines Revenue Forecast
Philippines Revenue Forecast Discussion
Philippines Revenue Forecast Discussion (continued)
Philippines Pricing Trends
Philippines Percent Revenue Forecast by Distribution Channel
Philippines Percent Revenue Forecast by Distribution Channel Discussion
Philippines Penetration Analysis
Philippines Market Share
Philippines Market Share Analysis
Philippines Competitive Environment
SWOT Analysis of Key Participants
SWOT Analysis of Key Participants (continued)
SWOT Analysis of Key Participants (continued)
SWOT Analysis of Key Participants (continued)
Philippines Competitive Factors and Assessment
Singapore Key Findings
Singapore Revenue Forecast
Singapore Revenue Forecast Discussion
Singapore Revenue Forecast Discussion (continued)
Singapore Pricing Trends
Singapore Percent Revenue Forecast by Distribution Channel
Singapore Percent Revenue Forecast by Distribution Channel Discussion
Singapore Penetration Analysis
Singapore Market Share
Singapore Market Share Analysis
Singapore Competitive Environment
SWOT Analysis of Key Participants
SWOT Analysis of Key Participants (continued)
SWOT Analysis of Key Participants (continued)
Singapore Competitive Factors and Assessment
Thailand Key Findings
Thailand Revenue Forecast
Thailand Revenue Forecast Discussion
Thailand Revenue Forecast Discussion (continued)
Thailand Pricing Trends
Thailand Percent Revenue Forecast by Distribution Channel
Thailand Percent Revenue Forecast by Distribution Channel Discussion
Thailand Penetration Analysis
Thailand Market Share
Thailand Market Share Analysis
Thailand Competitive Environment
Thailand SWOT Analysis of Key Participants
Thailand SWOT Analysis of Key Participants (continued)
Thailand SWOT Analysis of Key Participants (continued)
Thailand SWOT Analysis of Key Participants (continued)
Thailand Competitive Factors and Assessment
Vietnam Key Findings
Vietnam Revenue Forecast
Vietnam Revenue Forecast Discussion
Vietnam Revenue Forecast Discussion (continued)
Vietnam Pricing Trends
Vietnam Percent Revenue Forecast by Distribution Channel
Vietnam Percent Revenue Forecast by Distribution Channel Discussion
Vietnam Penetration Analysis
Vietnam Market Share
Vietnam Market Share Analysis
Vietnam Competitive Environment
Vietnam SWOT Analysis of Key Participants
Vietnam SWOT Analysis of Key Participants (continued)
Vietnam SWOT Analysis of Key Participants (continued)
Vietnam SWOT Analysis of Key Participants (continued)
Vietnam Competitive Factors and Assessment
3 Big Predictions
Legal Disclaimer
Market Engineering Methodology
Additional Sources of Information on LEDs
Companies Listed under ‘Others’
Learn More—Next Steps
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
The Frost & Sullivan Story
Value Proposition—Future of Your Company & Career
Global Perspective
Industry Convergence
360º Research Perspective
Implementation Excellence
Our Blue Ocean Strategy
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Key Issues Addressed
- What is the anticipated market growth between 2018 and 2023?
- What are the key drivers and restraints to market growth?
- What are the trends in end-user segments and distribution channels?
- Who are the key market participants and what are their competitive strengths?
- What is the market landscape like in each of the major Southeast Asian economies?
Author: Janice Wung
| Deliverable Type | Market Research |
|---|---|
| No Index | No |
| Podcast | No |
| Author | Janice Wung |
| Industries | Environment |
| WIP Number | PA7C-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9343-A4,GETE |
Southeast Asian LED Lighting Market, Forecast to 2023
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