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Smart Lighting Market Trends and Forecast
The future of the smart lighting market looks promising with opportunities in the residential and commercial sector. The smart lighting market is expected to reach an estimated $21.7 billion by 2027 with a CAGR of 13% from 2022 to 2027. The major drivers for this market are development of smart cities, increasing wireless technology, and increasing awareness towards energy saving.
Smart Lighting Market by Application, Product, Light Source, and Technology
Emerging Trends in the Smart Lighting Market
Emerging trends, which have a direct impact on the dynamics of the industry, include growing demand for IoT technology in the smart lighting system and emergence of light fidelity (Li-Fi) technology in the field of smart lighting.
A total of 103 figures / charts and 108 tables are provided in this 195-page report to help in your business decisions. A sample figure with insights is shown below. To learn the scope of benefits, companies researched, and other details of the smart lighting market report, please download the report brochure.
Smart Lighting Market by Segments
Smart Lighting Market by Segment
The study includes trends and forecast for the global smart lighting market by product type, light source, communication technology, application, and region as follows:
Smart Lighting Market by Product Types [Value ($M) shipment analysis for 2016 – 2027]:
Smart Lighting Market by Light Source [Value ($M) shipment analysis for 2016 – 2027]: Smart Lighting Market by Communication Technology [Value ($M) shipment analysis for 2016 – 2027]: Smart Lighting Market by Application [Value ($M) shipment analysis for 2016 – 2027]: Smart Lighting Market by Region [Value ($M) analysis for 2016 – 2027]: List of Smart Lighting Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies smart lighting companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the smart lighting companies profiled in this report includes.
Smart Lighting Market Insight
  • Lucintel forecast that the control system is expected to remain the largest segment due to growth in home automation and to improve energy efficiency.
  • Light emitting diodes (LEDs) is expected to remain the largest market and is also expected to witness the highest growth over the forecast. Increasing penetration due to the declining cost of LEDs, low maintenance and high energy efficiency is expected to spur the growth of this segment over the forecast period.
  • Europe is expected to remain the largest market due to the growing standard of living and increasing automation in Germany, France, and the United Kingdom building and construction industries.
Features of Smart Lighting Market
  • Market Size Estimates: Smart lighting market size estimation in terms of value ($M)
  • Trend and Forecast Analysis: Market trends (2016-2021) and forecast (2022-2027) by various segments and regions.
  • Segmentation Analysis: Market size by product types, light source, communication technology, and application.
  • Regional Analysis: Smart lighting market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth Opportunities: Analysis of growth opportunities in different product types, light source, communication technology, application, and regions for the smart lighting market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape for the smart lighting market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the smart lighting market size?
Answer: The global smart lighting market is expected to reach an estimated $21.7 billion by 2027.
Q2. What is the growth forecast for smart lighting market?
Answer: The smart lighting market is expected to grow at a CAGR of 13% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of the smart lighting market?
Answer: The major drivers for this market are development of smart cities, increasing wireless technology, and increasing awareness towards energy saving.
Q4. What are the major applications or end use industries for smart lighting?
Answer: Indoor lighting are the major applications for smart lighting. 
Q5. What are the emerging trends in smart lighting market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include growing demand for IoT technology in the smart lighting system and emergence of light fidelity (Li-Fi) technology in the field of smart lighting.
Q6. Who are the key smart lighting companies?
Answer: Some of the key smart lighting companies are as follows:
  • Zumtobel Group
  • CREE Inc
  • AMS
  • Signify N.V.
  • Savant Systems, Inc.
  • SemiLEDs Corporation
Q7.Which smart lighting product type segment will be the largest in future?
Answer: Lucintel forecast that the control system is expected to remain the largest segment due to growth in home automation and to improve energy efficiency.
Q8: In smart lighting market, which region is expected to be the largest in next 5 years?
Answer: Europe is expected to remain the largest region and witness the good growth over next 5 years 
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
This report answers following 11 key questions
Q.1 What are some of the most promising potential, high growth opportunities for the global smart lighting market by product type (smart bulbs, fixtures, control systems), light source (light emitting diode, fluorescent lamps, high-intensity discharge lamps, and others), application (indoor lights and outdoor lights), communication technology (wired and wireless), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?

For any questions related to smart lighting market or related to smart lighting market share, smart lighting market analysis, smart lighting market size, smart home lighting, and smart lighting solutions, write to Lucintel analysts at
helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Content
1. Executive Summary
 
2. Market Background and Classifications
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2016 to 2027
3.1: Macroeconomic Trends (2016-2021) and Forecast (2022-2027)
3.2: Global Smart Lighting Market Trends (2016-2021) and Forecast (2022-2027)
3.3: Global Smart Lighting Market by Product Types
3.3.1: Smart Bulbs
3.3.2: Fixtures
3.3.3: Control System
3.3.3.1: Drivers and Ballasts
3.3.3.2: Switches and Dimmer Actuators
3.3.3.3: Sensors
3.3.3.4: Microcontrollers
3.3.3.5: Transmitters and Receivers
3.4: Global Smart Lighting Market by Light Sources
3.4.1: Light Emitting Diode
3.4.2: Fluorescent Lamps
3.4.3: High-Intensity Discharge Lamps
3.4.4: Others
3.5: Global Smart Lighting Market by Application
3.5.1: Indoor Lighting
3.5.1.1: Commercial
3.5.1.2: Residential
3.5.1.3: Industrial
3.5.1.4: Others
3.5.2: Outdoor Lighting
3.5.2.1: Highway and Roadway Lighting
3.5.2.2: Architectural Lighting
3.5.2.3: Lighting for Public Places
3.5.2.4: Others
3.6: Global Smart Lighting Market by Technology
3.6.1: Wired
3.6.1.1: Digital Addressable Lighting Interface (DALI)
3.6.1.2: Powerline Communication (PLC)
3.6.1.3: Power over Ethernet (PoE)
3.6.1.4: Wired Hybrid Protocols
3.6.1.5: Others
3.6.2: Wireless
3.6.2.1: Zigbee
3.6.2.2: Bluetooth
3.6.2.3: EnOcean
3.6.2.4: Wi-Fi
3.6.2.5: Others

4. Market Trends and Forecast Analysis by Region from 2016 to 2027
4.1: Global Smart Lighting Market by Region
4.2: North American Smart Lighting Market
4.2.1: Market by Application: Indoor Lighting and Outdoor Lighting
4.2.2: The US Smart Lighting Market
4.2.3: The Canadian Smart Lighting Market
4.2.4: The Mexican Smart Lighting Market
4.3: European Smart Lighting Market
4.3.1: Market by Application: Indoor Lighting and Outdoor Lighting
4.3.2: United Kingdom Smart Lighting Market
4.3.3: German Smart Lighting Market
4.3.4: French Smart Lighting Market
4.4: APAC Smart Lighting Market
4.4.1: Market by Application: Indoor Lighting and Outdoor Lighting
4.4.2: Chinese Smart Lighting Market
4.4.3: Japanese Smart Lighting Market
4.4.4: Indian Smart Lighting Market
4.4.5: South Korean Smart Lighting Market
4.5: ROW Smart Lighting Market
4.5.1: Market by Application: Indoor Lighting and Outdoor Lighting

5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Geographical Reach
5.3: Porter’s Five Forces Analysis

6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Smart Lighting Market by Product
6.1.2: Growth Opportunities for the Global Smart Lighting Market by Light Source
6.1.3: Growth Opportunities for the Global Smart Lighting Market by Communication Technology
6.1.4: Growth Opportunities for the Global Smart Lighting Market by Application
6.1.5: Growth Opportunities for the Global Smart Lighting Market by Region
6.2: Emerging Trends in the Global Smart Lighting Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Smart Lighting Market
6.3.3: Mergers and Acquisitions, and Joint Ventures in the Global Smart Lighting Industry

7. Company Profiles of Leading Players
7.1: Cree Inc
7.2: AMS      
7.3: Signify N.V.
7.4: Zumtobel Group    
7.5: Savant Systems, Inc.   
7.6: Lutron Electronics Company
7.7: SemiLEDs Corporation
.

Buy full report or by chapter as follows

Price by License Type:
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[Chapter Number] [Chapter Name] [Chapter Number Of Pages] [Chapter Price]
Title/Chapter Name Pages Price
Full Report: Smart Lighting Market : Trends, Opportunities and Competitive Analysis Full Report $ 4,850
103 figures/charts and 108 tables are provided in this 195 - page report
Chapter - 1: Executive Summary 7 $ 435
Executive Summary
Chapter - 2: Market Dynamics of Global Smart Light Market 6 $ 218
2. Market Dynamics of Global Smart Light Market
2.1 Introduction, Background, and Classifications
2.2 Supply Chain
2.3 Industry Drivers and Challenges
Chapter - 3: Market Trends and Forecast Analysis from 2011 to 2022 59 $ 1,740
3.            Market Trends and Forecast Analysis from 2011 to 2022                
3.1          Macroeconomic Trends and Forecast     
3.2          Global Smart Lighting Market Trends and Forecast           
3.3          Global Smart Lighting Market by Product Type   
3.3.1      Smart Bulbs        
3.3.2      Fixtures               
3.3.3      Control System 
3.3.3.1   Drivers and Ballasts        
3.3.3.2   Switches and Dimmer Actuators               
3.3.3.3   Sensors                
3.3.3.4   Microcontrollers              
3.3.3.5   Transmitters and Receivers        
3.4          Global Smart Lighting Market by Light Sources   
3.4.1      Light Emitting Diode      
3.4.2      Fluorescent Lamps          
3.4.3      High-Intensity Discharge Lamps                
3.4.4      Others  
3.5          Global Smart Lighting Market by Application     
3.5.1      Indoor Lighting 
3.5.1.1 Commercial         
3.5.1.2 Residential          
3.5.1.3 Industrial             
3.5.1.4 Others    
3.5.2      Outdoor Lighting             
3.5.2.1 Highway and Roadway Lighting  66
3.5.2.2 Architectural Lighting      67
3.5.2.3 Lighting for Public Places               69
3.5.2.4 Others    70
3.6          Global Smart Lighting Market by Communication Technology    71
3.6.1      Wired   72
3.6.1.1 Digital Addressable Lighting Interface (DALI)       74
3.6.1.2 Powerline Communication (PLC)               76
3.6.1.3 Power Over Ethernet (PoE)          77
3.6.1.4 Wired Hybrid Protocols  78
3.6.1.5 Others    79
3.6.2      Wireless              81
3.6.2.1 Zigbee    83
3.6.2.2 Bluetooth             84
3.6.2.3 Enocean                85
3.6.2.4 Wi-Fi       86
3.6.2.5 Others    87
Chapter - 4: Market Trends and Forecast Analysis by Region 15 $ 2,248
4.            Market Trends and Forecast Analysis by Region                
4.1          Global Smart Lighting Market by Region               
4.2          North American Smart Light Market        
4.2.1      United States Smart Lighting Market      
4.2.2      Canadian Smart Lighting Market               
4.2.3      Mexican Smart Lighting Market 
4.3          European Smart Light Market     
4.3.1      German Smart Lighting Market  
4.3.2      United Kingdom Smart Lighting Market
4.3.3      French Smart Lighting Market    
4.3.4      Switzerland Smart Lighting Market          
4.4          APAC Smart Light Market            
4.4.1      Chinese Smart Lighting Market 
4.4.2      Japanese Smart Lighting Market               
4.4.3      Indian Smart Lighting Market     
4.5          ROW Smart Light Market              
4.5.1      Saudi Arabia Smart Lighting Market        
Chapter - 5: Competitor Analysis 9 $ 725
5.            Competitor Analysis      
5.1          Product Portfolio Analysis           
5.2          Market Share Analysis   
5.3          Geographical Reach        
5.4          Porter’s Five Forces Analysis      
Chapter - 6: Growth Opportunities and Strategic Analysis 15 $ 508
6.            Growth Opportunities and Strategic Analysis    
6.1          Growth Opportunity Analysis    
6.1.1      Growth Opportunities for the Global Smart Light Market by Product       
6.1.2      Growth Opportunities for Global Smart Light Market by Light Source      
6.1.3      Growth Opportunities for Global Smart Light Market by Communication Technology     
6.1.4      Growth Opportunities for Global Smart Light Market by Application       
6.2          Emerging Trends of Global Smart Light Market  
6.3          Strategic Analysis            
6.3.1      New Product Development        
6.3.2      Capacity Expansion of Global Smart Lighting Market       
6.3.3      Mergers, Acquisitions and Joint Ventures Global Smart Lighting Market               
6.3.4      Certification and Licensing          
6.3.5      Technology Development           
Chapter - 7: Company Profiles of Leading Players 15 $ 870
7.            Company Profiles of Leading Players     
7.1          Cree Inc               
7.2          OSRAM Licht AG               
7.3          Philips Lighting 
7.4          Digital Lumens  
7.5          Zumtobel Group              
7.6          General Electric Company           
7.7          Lutron Electronics Company       
7.8          SemiLEDs Corporation   
7.9          STREETLIGHT.VISION      
Lucintel has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted in the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts in the market. Some of the manufacturers in smart lighting market are Signify N.V., Zumtobel Group, CREE Inc, Savant Systems, AMS, Lutron ELectronics, and others. The major distributors in this market are Cree Inc, AMS, Signify N.V., Zumtobel Group, and Savant Systems, Inc. 
 
Below is a brief summary of the primary interviews that were conducted by both job function and region for this report.
 

 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.

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