Solid State Lighting Market Size, Share, Growth Analysis, By Offering(Hardware (Lights & Bulbs, Luminaires, Control Systems), Software), By Type(LEDs, OLEDs, Others), By Communication Technology(Wired Technology (Digital Addressable Lighting Interface, Power-Line Communication, Power Over Ethernet, Wired Hybrid Protocols)), By Installation Type(New Installation, Retrofit Installation), By Application(General Lighting (Residential Lighting, Commercial Lighting, Industrial Lighting, Outdoor Lighting), By Region - Industry Forecast 2024-2031

In March 2023, Samsung announced the launch of its new line of LED light bulbs. The new line includes a variety of shapes and sizes, and is designed to provide energy-efficient and long-lasting lighting. 

In 2024, brass and black metal lighting fixtures are essential for those looking to add a touch of elegance and sophistication to their interiors. Brass, with its warm golden hue, exudes luxury and glamour, while black metal provides a sleek, contemporary look. These materials are perfect for creating a stylish and refined atmosphere in any space. 

In 2024, materials like stone, ceramics, and natural fibers are becoming increasingly popular. Lighting fixtures made from these materials blend aesthetic appeal with eco-friendliness, helping to lower carbon footprints and minimize waste, all while creating a warm, natural ambiance. 

In 2024, a growing trend is the use of statement lighting fixtures. These pieces, more akin to fine art than mere furniture, capture attention and introduce a "wow" factor to any room, often transforming the overall tone and ambiance of the space. 

In March 2024, Semilux International Ltd. (NASDAQ: SELX), a company specializing in application-specific integrated circuit (ASIC), LiDAR, and ADB components and solutions, revealed the commencement of a research and development (R&D) program. The program involves collaboration with academics and scholars from universities in Taiwan to jointly develop an advanced domestic solid-state LiDAR module tailored for automotive applications. 

In October 2023, GRE Alpha chose Global Lighting and Controls as their marketing partner following a thorough evaluation process. Global Lighting and Controls stood out for their deep understanding of the LED component marketplace and their strong organizational capabilities. 

In April 2023, SK and Korea Hydro & Nuclear Power (KHNP) forged a strategic collaboration agreement with TerraPower, a US-based company specializing in small modular reactor (SMR) designs. This partnership aims to lead the market for SMRs, which are considered the next-generation of the energy sector.