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Transformation of the Lighting Market in Asia-Pacific, 2019
LED Revolution, Smart Technology, and New Business Models Propelling a Paradigm Shift
03-Jun-2019
Asia Pacific
Market Research
From traditional incandescent lamps to compact fluorescent lamps (CFL) to light-emitting diodes (LED) and laser diodes (LD), the lighting market has come a long way in the last 10 years. With growing LED adoption and increasing smart solutions, leveraging Internet of Things (IoT) and Light Fidelity (LiFi), the lighting market is going through a phase of enormous transformation. This transformation is not restricted to technological advancements. There is a paradigm shift that has been observed in the entire lighting market dynamics, directly impacting product offerings, competitive landscape, distribution channels, and business models. From quitting the traditional lighting business to pulling out from certain geographies, stakeholders in the lighting market are fighting hard to combat the pace at which the market has been transforming. Frost & Sullivan’s latest study discusses how the lighting market has been evolving, and enlists what lighting manufacturers can do to surge ahead in this rapidly changing and competitive market.
While the market continues to evolve, it also presents several significant growth opportunities for companies that are open to tapping this transformation. Frost & Sullivan has considered 14 opportunities for growth in this market, highlighting both vision and strategy and brand and demand growth opportunities. For each of these identified growth levers, key context and opportunities, along with a call to action, have been discussed.
Research Highlights
The study highlights the applicable visioning scenarios with their macro-to-micro implications. The scenarios included are: social and demographic trends, industry Mega Trends, new business models, disruptive technologies, and competitive landscape trends. The study also explains the key drivers and restraints impacting the market, along with insights on how each stage of the lighting market has evolved. Case studies that highlight recent best practices by lighting companies in the Asia-Pacific region have been included to demonstrate initiatives taken by top market participants to stay ahead of competition.
Key Issues Addressed
- How has the lighting market evolved in the last few years? What direction is it heading towards?
- Is the market growing, and if so, at what rate? What is the expected growth rate for this market during 2019–2023?
- What are the new business models and disruptive technologies?
- What are the impacts of social and demographic trends, industry Mega Trends, disruptive technologies, new business models, and competitive landscape on the market?
- What are the key growth levers influencing the lighting market?
- How can lighting companies use these to gain a competitive advantage?
Author: Viswesh Vancheeshwar
Transformation of the Lighting Market in Asia-Pacific
Opportunities in the APAC Lighting Market
Frost & Sullivan’s View on Impacts in the Lighting Market
Frost & Sullivan’s View on Impacts in the Lighting Market (continued)
Purpose of this Experiential Study
5 Step Process to Transformational Growth
Strategic Imperatives for Lighting Solution Providers
Market Definitions
Distribution Channel
Drivers and Restraints
Key Market Drivers
Key Market Drivers (continued)
Key Market Drivers (continued)
Key Market Drivers (continued)
Key Market Restraints
LED Market—Revenue Forecast
LED Lighting Market by Application
Lighting Regulations
LED Lighting Market—Regional Snapshot
LED Lighting Market—Regional Snapshot (continued)
Value Chain Overview
Transformation Across the Value Chain
Transformation Across the Value Chain (continued)
Transformation Across the Value Chain (continued)
Transformation Across the Value Chain (continued)
Transformation Across the Value Chain (continued)
Transformation Across the Value Chain (continued)
Lighting Market—Key Customer Segments
Lighting Market—Key Customer Segments (continued)
Lighting Market—Key Customer Segments (continued)
Lighting Market—Key Customer Segments (continued)
Lighting Market—Key Customer Segments (continued)
Lighting Market—Key Customer Segments (continued)
Lighting Market—Key Customer Segments (continued)
Visioning Scenarios
Macro to Micro Visioning
Trends/Factors Impacting the Market
Smart Street Lighting—Signify
Smart Lamp Posts—ST Engineering
LiFi and PoE—Wipro Lighting
LED Lighting Market—Competitive Landscape
Levers for Growth
Growth Opportunity 1—IoT in Lighting
Growth Opportunity 2—Integrated Luminaires
Growth Opportunity 3—Partnerships
Growth Opportunity 4—LiFi
Growth Opportunity 5—Sustainable Lighting
Growth Opportunity 6—Human-centric Lighting
Growth Opportunity 7—PoE
Growth Opportunity 8—3D Printing
Growth Opportunity 9—VR/AR
Growth Opportunity 10—OLED and Quantum Dots
Growth Opportunity 11—Light Therapy
Growth Opportunity 12—LaaS
Growth Opportunity 13—Third-party Validation
Growth Opportunity 14—Vertical Marketing
Identifying Your Company’s Growth Zone
Growth Opportunities 1–11: Vision and Strategy
Growth Opportunities 12–14: Brand and Demand
Growth Opportunities Matrix
Growth Strategies for Your Company
Prioritized Opportunities through Implementation
Legal Disclaimer
Abbreviations and Acronyms Used
List of Exhibits
Purchase includes:
- Report download
- Growth Dialog™ with our experts
Growth Dialog™
A tailored session with you where we identify the:- Strategic Imperatives
- Growth Opportunities
- Best Practices
- Companies to Action
Impacting your company's future growth potential.
Research Highlights
The study highlights the applicable visioning scenarios with their macro-to-micro implications. The scenarios included are: social and demographic trends, industry Mega Trends, new business models, disruptive technologies, and competitive landscape trends. The study also explains the key drivers and restraints impacting the market, along with insights on how each stage of the lighting market has evolved. Case studies that highlight recent best practices by lighting companies in the Asia-Pacific region have been included to demonstrate initiatives taken by top market participants to stay ahead of competition.
Key Issues Addressed
- How has the lighting market evolved in the last few years? What direction is it heading towards?
- Is the market growing, and if so, at what rate? What is the expected growth rate for this market during 2019–2023?
- What are the new business models and disruptive technologies?
- What are the impacts of social and demographic trends, industry Mega Trends, disruptive technologies, new business models, and competitive landscape on the market?
- What are the key growth levers influencing the lighting market?
- How can lighting companies use these to gain a competitive advantage?
Author: Viswesh Vancheeshwar
| Deliverable Type | Market Research |
|---|---|
| No Index | No |
| Podcast | No |
| Author | Viswesh Vancheeshwar |
| Industries | Environment |
| WIP Number | PA03-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9343-A4,GETE |