The smart lighting market has undergone significant change in recent years, with smart lighting systems evolving from niche technologies to mass-market products. The rising wave of wired and wireless communication technology is creating huge potential for new smart lighting applications and driving the market demand for smart lighting systems/devices.
In the smart lighting market, various wired and wireless communication technologies, such as DALI, PLC, PoE, Hybrid Wired, Zigbee, Wi-Fi, Bluetooth, and EnOcean are used to control smart lighting systems to provide homeowners comfort, convenience, and energy efficiency. This report analyzes technology maturity, degree of disruption, competitive intensity, market potential and other parameters of various technologies in the smart lighting market. Some insights are depicted below by a sample figure. For more details on figures, the companies researched, and other objectives/benefits on this research report, please download the report brochure.
The global smart lighting technology market is expected to reach US $17 billion by 2024 with a CAGR of 13% from 2019 to 2024. The major drivers for this market are increasing awareness towards energy efficiency, increasing consumer need for simplicity and personalized experience, the growing adoption of cloud-based technologies, falling sensor costs, and edge computing.
The study includes trends and forecasts for the global smart lighting technology by application, technology, and region as follows:
By Technology Type [$M shipment analysis from 2013 to 2024]:
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Wired
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DALI
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PLC
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PoE
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Wired Hybrid
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Others
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Wireless
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Zigbee
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Wi-Fi
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Bluetooth
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EnOcean
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Others
By Application [$M shipment analysis from 2013 to 2024]:
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Residential
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Wired (DALI, PLC, PoE, and Wired Hybrid)
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Wireless (Zigbee, Wi-Fi, Bluetooth, and EnOcean)
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Commercial
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Wired (DALI, PLC, PoE, and Wired Hybrid)
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Wireless (Zigbee, Wi-Fi, Bluetooth, and EnOcean)
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Industrial
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Wired (DALI, PLC, PoE, and Wired Hybrid)
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Wireless (Zigbee, Wi-Fi, Bluetooth, and EnOcean)
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High and Roadways Lighting
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Wired (DALI, PLC, PoE, and Wired Hybrid)
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Wireless (Zigbee, Wi-Fi, Bluetooth, and EnOcean)
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Architectural Lighting
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Wired (DALI, PLC, PoE, and Wired Hybrid)
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Wireless (Zigbee, Wi-Fi, Bluetooth, and EnOcean)
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Lighting for Public Place
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Wired (DALI, PLC, PoE, and Wired Hybrid)
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Wireless (Zigbee, Wi-Fi, Bluetooth, and EnOcean)
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Others
By Region [$M shipment analysis for 2013 – 2024]:
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North America
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United States
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Canada
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Mexico
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Europe
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United Kingdom
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Germany
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France
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Asia Pacific
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Japan
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China
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South Korea
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India
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The Rest of the World
Some of the smart lighting companies profiled in this report include Philips Lighting, Osram Licht, General Electric Company, Zumtobel Group, and Cree and others.
This report answers following 6 key questions:
Q.1 What are some of the most promising potential, high-growth technology opportunities for the global smart lighting market?
Q.2 Which technology segment/segments will grow at a faster pace and why?
Q.3 What are the key factors affecting dynamics of different technologies? What are the drivers and challenges of these technologies in smart lighting market?
Q.4 What are the business risks and threats to these technologies in smart lighting market?
Q.5 What are the new technology developments in smart lighting market? Which companies are leading these developments?
Q.6 Who are the major players in this smart lighting market? What strategic initiatives are being implemented by key players for business growth?