Solid-state lighting source: a business opportunity of US$32 billion in 2024

SSL sources aren’t new technologies. In fact, they’ve existed since the 1960s. However, only in the last 25 years have they started appearing in high-volume applications. Yole Développement (Yole) estimates therefore that the overall SSL source market will grow from US$20.4 billion in 2018 to US$32.3 billion in 2024, at a 8% CAGR betweek 2018 and 2024.

“Such growth will be driven mostly by LED technologies”, comments Pars Mukish, Business Unit Manager at Yole. “However, related market share will decline from about 84% in 2018 to 73% in 2024, reflecting different market/application dynamics and a transition towards LD technologies.”

Under its new technology & market report, Status of the Solid-State Lighting Source Industry, the market research and strategy consulting company is offering a global examination of SSL source trends. This new analysis reveals the overall SSL source types (visible LED, UV LED, IR LED, EEL, and VCSEL and proposes a deep understanding of SSL source markets, applications, industries, and technologies. In addition, Yole’s analysts point out SSL source players, dynamics, and rankings.

Yole Group of companies, including Yole, System Plus Consulting and Knowmade investigates the lighting industry for a while and is building step by step a deep industrial and technical knowledge. In 2019 the team announced an impressive collection of technology, market and IP analyses focused on the different light sources: VCSEL, EEL and more.

As a example, VCSEL in Smartphone – Comparison performed by System Plus Consulting proposes a relevant comparison of current VCSEL technologies for smartphones. Today, up to three VCSEL dies can be integrated in a smartphone: 3D recognition with the flood illuminator; the dot projector; and ToF for the proximity sensor. “Already integrated in flagship smartphones, these functions will quickly find a home in all smartphones, causing a sharp increase in VCSEL demand”, comments Sylvain Hallereau, Senior Analyst, at System Plus Consulting.

To propose a complete analysis of the VCSEL ecosystem, KnowMade developed a deep added-value patent analysis to describe the VCSEL IP landscape. “The release of the Apple iPhone X in 2017 and its range of optical sensors triggered new opportunities for VCSEL players to address a high-volume market,” comments Paul Leclaire, Patent Analyst at KnowMade. “At the beginning of this new era, where new applications such as LiDAR or 3D sensors are arising, understanding the IP position and strategy of historical VCSEL IP players as well as identifying the IP newcomers and the threat they represent is essential.”More info.

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