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Smart Lighting Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

Smart Lighting Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

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Smart Lighting Market – By Component (Hardware, Software, Services), Lighting Type (LED, Halogen, Incandescent, Fluorescent, CFL), Connectivity (Bluetooth, Zigbee, WiFi, DALI, Others), Application (Indoor, Outdoor), End User (Residential, Commercial, Industrial, Smart Cities, Automotive, Others) and Geography

 

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Report

Description

Smart Lighting Market size is valued at USD 11,236.5 million in 2021 and is expected to grow at a significant CAGR of 16.8% during the forecast period 2022 to 2028. The global market provides a detailed overview and that can be segmented by component, lighting type, connectivity, application, and end-user. By component, the smart lighting market has been segmented into Hardware, Software, and Services. The Hardware segment is likely to be the largest and fastest-growing segment in terms of type. Based on lighting type, the smart lighting market is segmented into LED, Halogen, Incandescent, Fluorescent, and CFL.  Among these, the LED segment is expected to have the fastest-growing market during the forecast period 2022-2028. Based on connectivity, the smart lighting market is segmented into Bluetooth, Zigbee, WiFi, DALI, Others. The Bluetooth segment accounts for the largest share in 2021. WiFi is the second-largest share during the forecast period 2021-2028. Based on application, the smart lighting market is segmented into Indoor, Outdoor. The indoor segment accounts for the largest share in 2021. Based on the end-user, the market has been segregated into Residential, Commercial, Industrial, Smart Cities, Automotive, and Others. The residential segment is expected to dominate other segments in the smart lighting market during the forecast period according to Precision Business Insights.

Key Development:

In August 2020, Signify announced the expansion of its smart lighting system that works with the WiZ connected ecosystem in the US. The WiZ portfolio now includes smart bulbs in a wider variety of shapes and sizes, an integrated downlight, light strips and accessories that put the user in complete control of the lighting.

Smart Lighting Market

MARKET SUMMARY
-
16.8% CAGR
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 16.8%
  • Largest Market– North America
  • Fastest Growing Market–  Asia-Pacific

Smart Lighting Market

  • The Smart Lighting Market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The Smart Lighting Market  is segmented based on by Component, Lighting Type, Connectivity, Application, End User and geography.
Key Players
  • Acuity Brands, Inc,
  • Cisco Systems, Inc,
  • Cree, Inc,
  • Eaton,
  • Deco Lighting, Inc,
Smart Lighting Market Drivers

factor driving the growth of this market is the requirement of energy-efficient connected lighting controls and ongoing and upcoming smart city projects in developing economies.

North-America got significant share

Smart Lighting Market

By region, the North America market is expected to witness highest market share during the forecast period.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East
Key

Features Of The Report

  • The Smart Lighting Market report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Smart Lighting Market Segmentation

segmentation-block-image

By Component

    • Hardware
    • Software
    • Services
segmentation-block-image

By Lighting Type

    • LED
    • Halogen
    • Incandescent
    • Fluorescent
    • CFL
segmentation-block-image

By Connectivity

    • Bluetooth
    • Zigbee
    • WiFi
    • DALI
    • Others
segmentation-block-image

By Application

    • Indoor,
    • Outdoor
Location

GEOGRAPHY

Frequently Asked Questions

The Smart Lighting Market is projected to expand at a CAGR of 16.8% during the forecast period.

The major players in the global Smart Lighting market are Acuity Brands, Inc, Cisco Systems, Inc, Cree, Inc, Eaton, Deco Lighting, Inc, Dialight, General Electric, Honeywell International Inc, Koninklijke Philips N.V, Syska, Tungsram

North America is the fastest-growing region for Smart Lighting Market

Report

Table Of Content

1. Executive Summary
2. Global Smart Lighting Market Introduction
2.1. Global Smart Lighting Market – Taxonomy
2.2. Global Smart Lighting Market –Definitions
2.2.1. Component
2.2.2. Lighting Type
2.2.3. Connectivity
2.2.4. Application
2.2.5. End User
3. Global Smart Lighting Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Smart Lighting Market Dynamic Factors – Impact Analysis
3.6. Global Smart Lighting Market – Competition Landscape
4. Global Smart Lighting Market Analysis,2017 – 2021 and Forecast, 2022 – 2028
4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Smart Lighting Market, By Component, 2017–2021 and Forecast, 2022–2028 (Revenue, USD Mn)
5.1. Hardware
5.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Software
5.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Services
5.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
6. Global Smart Lighting Market, By Lighting Type, 2017 – 2021 and Forecast, 2021 – 2027 (Revenue, USD Mn)
6.1. LED
6.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Halogen
6.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Incandescent
6.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. Fluorescent
6.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
6.5. CFL
6.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.5.3. Market Opportunity Analysis
7. Global Smart Lighting Market Forecast, By Connectivity,2017–2021 and Forecast, 2022–2028 (Revenue, USD Mn)
7.1. Bluetooth
7.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Zigbee
7.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. WiFi
7.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. DALI
7.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Others
7.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
8. Global Smart Lighting Market Forecast, By Application, 2017 – 2021 and Forecast, 2021 – 2027 (Revenue, USD Mn)
8.1. Indoor
8.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Outdoor
8.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
9. Global Smart Lighting Market, By End User, 2017 – 2021 and Forecast, 2021 – 2027 (Revenue, USD Mn)
9.1. Residential
9.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.1.3. Market Opportunity Analysis
9.2. Commercial
9.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.2.3. Market Opportunity Analysis
9.3. Industrial
9.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.3.3. Market Opportunity Analysis
9.4. Smart Cities
9.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.4.3. Market Opportunity Analysis
9.5. Automotive
9.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.5.3. Market Opportunity Analysis
9.6. Others
9.6.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
9.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.6.3. Market Opportunity Analysis
10. Global Smart Lighting Market Forecast, By Region, 2017–2021 and Forecast, 2022–2028(Revenue, USD Mn)
10.1. North America
10.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
10.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
10.1.3. Market Opportunity Analysis
10.2. Europe
10.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
10.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
10.2.3. Market Opportunity Analysis
10.3. Asia-Pacific
10.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
10.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
10.3.3. Market Opportunity Analysis
10.4. Latin America
10.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
10.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
10.4.3. Market Opportunity Analysis
10.5. Middle East and Africa
10.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
10.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
10.5.3. Market Opportunity Analysis
10.6. Global Smart Lighting Market – Opportunity Analysis Index, By Component, Lighting Type, Connectivity, Application, End User and Region, 2022 – 2028
11. North America Smart Lighting MarketAnalysis,2017–2021 and Forecast, 2022–2028(Revenue, USD Mn)
11.1. Component Analysis 2017–2021and Forecast 2022 – 2028by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
11.1.1. Hardware
11.1.2. Software
11.1.3. Services
11.2. Lighting Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.2.1. LED
11.2.2. Halogen
11.2.3. Incandescent
11.2.4. Fluorescent
11.2.5. CFL
11.3. Connectivity Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Bluetooth
11.3.2. Zigbee
11.3.3. WiFi
11.3.4. DALI
11.3.5. Others
11.4. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.4.1. Indoor
11.4.2. Outdoor
11.5. End User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.5.1. Residential
11.5.2. Commercial
11.5.3. Industrial
11.5.4. Smart Cities
11.5.5. Automotive
11.5.6. Others
11.6. Country Analysis 2017 – 2021 and Forecast 2022 – 2028by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.6.1. USA
11.6.2. Canada
11.7. North America Smart Lighting Market – Opportunity Analysis Index, By Component, Lighting Type, Connectivity, Application, End User and Country, 2022 – 2028
11.8. North America Smart Lighting Market Dynamics – Trends
12. Europe Smart Lighting Market Analysis, 2017–2021 and Forecast, 2022–2028(Revenue, USD Mn)
12.1. Component Analysis 2017–2021and Forecast 2022 – 2028by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
12.1.1. Hardware
12.1.2. Software
12.1.3. Services
12.2. Lighting Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.2.1. LED
12.2.2. Halogen
12.2.3. Incandescent
12.2.4. Fluorescent
12.2.5. CFL
12.3. Connectivity Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.3.1. Bluetooth
12.3.2. Zigbee
12.3.3. WiFi
12.3.4. DALI
12.3.5. Others
12.4. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.4.1. Indoor
12.4.2. Outdoor
12.5. End User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.5.1. Residential
12.5.2. Commercial
12.5.3. Industrial
12.5.4. Smart Cities
12.5.5. Automotive
12.5.6. Others
12.6. Country Analysis 2017–2021and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.6.1. Germany
12.6.2. UK
12.6.3. France
12.6.4. Spain
12.6.5. Italy
12.6.6. Russia
12.6.7. Poland
12.6.8. Rest of Europe
12.7. Europe Smart Lighting Market – Opportunity Analysis Index, By Component, Lighting Type, Connectivity, Application, End User and Country, 2022 – 2028
12.8. Europe Smart Lighting Market Dynamics – Trends
13. Asia-Pacific Smart Lighting Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
13.1. Component Analysis 2017–2021and Forecast 2022 – 2028by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
13.1.1. Hardware
13.1.2. Software
13.1.3. Services
13.2. Lighting Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.2.1. LED
13.2.2. Halogen
13.2.3. Incandescent
13.2.4. Fluorescent
13.2.5. CFL
13.3. Connectivity Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.3.1. Bluetooth
13.3.2. Zigbee
13.3.3. WiFi
13.3.4. DALI
13.3.5. Others
13.4. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.4.1. Indoor
13.4.2. Outdoor
13.5. End User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.5.1. Residential
13.5.2. Commercial
13.5.3. Industrial
13.5.4. Smart Cities
13.5.5. Automotive
13.5.6. Others
13.6. Country Analysis2017–2021and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.6.1. Japan
13.6.2. China
13.6.3. India
13.6.4. ASEAN
13.6.5. Australia & New Zealand
13.6.6. Rest of Asia-Pacific
13.7. Asia-Pacific Smart Lighting Market – Opportunity Analysis Index, By Component, Lighting Type, Connectivity, Application, End User and Country,2022 – 2028
13.8. Asia-Pacific Smart Lighting Market Dynamics – Trends
14. Latin America Smart Lighting Market Analysis,2017 – 2021 and Forecast, 2022–2028(Revenue, USD Mn)
14.1. Component Analysis 2017–2021and Forecast 2022 – 2028by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
14.1.1. Hardware
14.1.2. Software
14.1.3. Services
14.2. Lighting Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.2.1. LED
14.2.2. Halogen
14.2.3. Incandescent
14.2.4. Fluorescent
14.2.5. CFL
14.3. Connectivity Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.3.1. Bluetooth
14.3.2. Zigbee
14.3.3. WiFi
14.3.4. DALI
14.3.5. Others
14.4. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.4.1. Indoor
14.4.2. Outdoor
14.5. End User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.5.1. Residential
14.5.2. Commercial
14.5.3. Industrial
14.5.4. Smart Cities
14.5.5. Automotive
14.5.6. Others
14.6. Country Analysis 2017–2021and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
14.6.1. Brazil
14.6.2. Mexico
14.6.3. Argentina
14.6.4. Rest of Latin America
14.7. Latin America Smart Lighting Market – Opportunity Analysis Index, By Component, Lighting Type, Connectivity, Application, End User and Country, 2022 – 2028
14.8. Latin America Smart Lighting Market Dynamics – Trends
15. Middle East and Africa Smart Lighting Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
15.1. Component Analysis 2017–2021and Forecast 2022 – 2028by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
15.1.1. Hardware
15.1.2. Software
15.1.3. Services
15.2. Lighting Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
15.2.1. LED
15.2.2. Halogen
15.2.3. Incandescent
15.2.4. Fluorescent
15.2.5. CFL
15.3. Connectivity Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
15.3.1. Bluetooth
15.3.2. Zigbee
15.3.3. WiFi
15.3.4. DALI
15.3.5. Others
15.4. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
15.4.1. Indoor
15.4.2. Outdoor
15.5. End User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
15.5.1. Residential
15.5.2. Commercial
15.5.3. Industrial
15.5.4. Smart Cities
15.5.5. Automotive
15.5.6. Others
15.6. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
15.6.1. Gulf Cooperation Council (GCC) Countries
15.6.2. Israel
15.6.3. South Africa
15.6.4. Rest of MEA
15.7. MEA Smart Lighting Market – Opportunity Analysis Index, By Component, Lighting Type, Connectivity, Application, End User and Country, 2022 – 2028
15.8. MEA Smart Lighting Market Dynamics – Trends
16. Competition Landscape 
16.1. Strategic Dashboard of Top Market Players
16.2. Company Profiles (Introduction, Financial Analysis, Component& Service Lighting Types, Key Developments, Strategies, and SWOT Analysis)
16.2.1. Acuity Brands, Inc
16.2.2. Cisco Systems, Inc
16.2.3. Cree, Inc
16.2.4. Eaton
16.2.5. Deco Lighting, Inc
16.2.6. Dialight
16.2.7. General Electric
16.2.8. Honeywell International Inc
16.2.9. Koninklijke Philips N.V
16.2.10. Syska
16.2.11. Tungsram
17. Research Methodology
18. Key Assumptions and Acronyms
Report

Company Profile

  • Acuity Brands, Inc
  • Cisco Systems, Inc
  • Cree, Inc
  • Eaton
  • Deco Lighting, Inc
  • Dialight
  • General Electric
  • Honeywell International Inc
  • Koninklijke Philips N.V
  • Syska
  • Tungsram

Description

Smart Lighting Market size is valued at USD 11,236.5 million in 2021 and is expected to grow at a significant CAGR of 16.8% during the forecast period 2022 to 2028. The global market provides a detailed overview and that can be segmented by component, lighting type, connectivity, application, and end-user. By component, the smart lighting market has been segmented into Hardware, Software, and Services. The Hardware segment is likely to be the largest and fastest-growing segment in terms of type. Based on lighting type, the smart lighting market is segmented into LED, Halogen, Incandescent, Fluorescent, and CFL.  Among these, the LED segment is expected to have the fastest-growing market during the forecast period 2022-2028. Based on connectivity, the smart lighting market is segmented into Bluetooth, Zigbee, WiFi, DALI, Others. The Bluetooth segment accounts for the largest share in 2021. WiFi is the second-largest share during the forecast period 2021-2028. Based on application, the smart lighting market is segmented into Indoor, Outdoor. The indoor segment accounts for the largest share in 2021. Based on the end-user, the market has been segregated into Residential, Commercial, Industrial, Smart Cities, Automotive, and Others. The residential segment is expected to dominate other segments in the smart lighting market during the forecast period according to Precision Business Insights.

Key Development:

In August 2020, Signify announced the expansion of its smart lighting system that works with the WiZ connected ecosystem in the US. The WiZ portfolio now includes smart bulbs in a wider variety of shapes and sizes, an integrated downlight, light strips and accessories that put the user in complete control of the lighting.

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