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Wireless Technology in Smart Lighting Market Trends and Forecast

The future of the global wireless technology in smart lighting market looks promising with opportunities in the commercial, public, and residential applications. The wireless technology in the global smart lighting market is expected to reach an estimated $3.1 billion by 2028 with a CAGR of 12.9% from 2023 to 2028. The major drivers for this market are the emergence of Bluetooth 4.0 based smart lights and increasing application of the lights in cafes, hotels, airport departure lounges, and restaurants.
Wireless Technology in Smart Lighting Market by Communication Technology, Offering, Installation, Deployment, and Application

A more than 150-page report is developed to help in your business decisions. A sample figure with some insights is shown below. 
Wireless Technology in Smart Lighting Market by Segments

Wireless Technology in Smart Lighting Market by Segment

The study includes trends and forecast for the wireless technology in the global smart lighting market by communication technology, offering, installation type, deployment, application, and region, as follows:

Wireless Technology in Smart Lighting Market by Communication Technology [Value ($B) Shipment Analysis from 2017 to 2028]:

  • Bluetooth
  • Enocean
  • Wifi
  • Z-Wave
  • Zigbee

Wireless Technology in Smart Lighting Market by Offering [Value ($B) Shipment Analysis from 2017 to 2028]:

  • Hardware
  • Services
  • Software

Wireless Technology in Smart Lighting Market by Installation Type [Value ($B) Shipment Analysis from 2017 to 2028]:

  • New Installation
  • Retrofit Installation

Wireless Technology in Smart Lighting Market by Deployment [Value ($B) Shipment Analysis from 2017 to 2028]:

  • Indoor
  • Outdoor

Wireless Technology in Smart Lighting Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:

  • Commercial
  • Public
  • Residential

Wireless Technology in Smart Lighting Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:

  • North America
  • Europe
  • Asia Pacific
  • The Rest of the World

List of Wireless Technology Companies in the Global Smart Lighting Market

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, wireless technology companies in the global smart lighting market cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the wireless technology companies in the global smart lighting market profiled in this report include- 

Wireless Technology in Smart Lighting Market Insights

  • Lucintel forecasts that indoor is expected to witness higher growth over the forecast period due to its widespread use in the confined places and growing requirement of lights that turns off automatically when an area or place is unoccupied, thus reducing electricity waste.
  • Commercial is expected to witness higher growth over the forecast period due to growing trend of modern workspaces equipped with new technologies to develop a comfortable, productive, and connected work environment.
  • North America is expected to witness the highest growth over the forecast period due to the increasing demand for smart homes and home automation systems and growing concerns towards safety, comfort, and convenience among consumers.

Features of the Wireless Technology in Smart Lighting Market

  • Market Size Estimates: Wireless technology in smart lighting market size estimation in terms of value ($B)
  • Trend And Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
  • Segmentation Analysis: Wireless technology in smart lighting market size by various segments, such as by communication technology, offering, installation type, deployment, application, and region
  • Regional Analysis: Wireless technology in smart lighting market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth Opportunities: Analysis on growth opportunities in different communication technology, offerings, installation types, deployments, applications, and regions for wireless technology in the smart lighting market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape for the wireless technology in 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 in terms of wireless technology use?
Answer: The global smart lighting market in terms of wireless technology use is expected to reach an estimated $3.1 billion by 2028.
Q2. What is the growth forecast for wireless technology in smart lighting market?
Answer: The wireless technology in the global smart lighting market is expected to grow with a CAGR of 12.9% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the wireless technology in smart lighting market?
Answer: The major drivers for this market are the emergence of Bluetooth 4.0 based smart lights and increasing application of the lights in cafes, hotels, airport departure lounges, and restaurants.
Q4. What are the major segments for wireless technology in smart lighting market?
Answer: The future of the wireless technology in the smart lighting market looks promising with opportunities in the commercial, public, and residential applications.
Q5. Who are the key wireless technology companies in the global smart lighting market?
Answer: Some of the key wireless technology companies in the global smart lighting market are as follows:
  • Acuity Brands
  • ams-OSRAM AG
  • Cisco Systems
  • Deako
  • Eaton Corporation
Q6. Which wireless technology in smart lighting segment will be the largest in future?
Answer: Lucintel forecasts that indoor is expected to witness higher growth over the forecast period due to its widespread use in the confined places and growing requirement of lights that turns off automatically when an area or place is unoccupied, thus reducing electricity waste.
Q7. In wireless technology in smart lighting market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness the highest growth over the forecast period due to the increasing demand for smart homes and home automation systems and growing concerns towards safety, comfort, and convenience among consumers.
Q8. 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, high-growth opportunities for wireless technology in the global smart lighting market by communication technology (bluetooth, enocean, Wi-Fi, z-wave, and zigbee), offering (hardware, services, and software), installation type (new and retrofit), deployment (indoor and outdoor), application (commercial, public, and residential), 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 region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of 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 key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?
 
For any questions related to wireless technology in the global smart lighting market or related to wireless technology in the global smart lighting companies, wireless technology in the global smart lighting market size, wireless technology in the global smart lighting market share, wireless technology in the global smart lighting analysis, wireless technology in the global smart lighting market growth, wireless technology in the global smart lighting market research, write Lucintel analyst at email: helpdesk@lucintel.com we will be glad to get back to you soon.
Table of Contents
 
1. Executive Summary
 
2. Wireless Technology in the Global Smart Lighting Market: Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
 
3. Market Trends and Forecast Analysis from 2017 to 2028
3.1: Macroeconomic Trends (2017-2022) and Forecast (2023-2028)
3.2: Wireless Technology in the Global Smart Lighting Market Trends (2017-2022) and Forecast (2023-2028)
3.3: Wireless Technology in the Global Smart Lighting Market by Communication Technology
3.3.1: Bluetooth
3.3.2: Enocean
3.3.3: Wi-Fi
3.3.4: Z-Wave 
3.3.5: Zigbee
3.4: Wireless Technology in the Global Smart Lighting Market by Offering
3.4.1: Hardware
3.4.2: Services 
3.4.3: Software
3.5: Wireless Technology in the Global Smart Lighting Market by Installation Type
3.5.1: New Installation 
3.5.2: Retrofit Installation
3.6: Wireless Technology in the Global Smart Lighting Market by Deployment
3.6.1: Indoor 
3.6.2: Outdoor
3.7: Wireless Technology in the Global Smart Lighting Market by Application
3.7.1: Commercial 
3.7.2: Public 
3.7.3: Residential
 
4. Market Trends and Forecast Analysis by Region from 2017 to 2028
4.1: Wireless Technology in the Global Smart Lighting Market by Region
4.2: Wireless Technology in the North American Smart Lighting Market
4.2.1: Wireless Technology in the North American Smart Lighting Market by Deployment: Indoor and Outdoor
4.2.2: Wireless Technology in the North American Smart Lighting Market by Application: Commercial, Public, and Residential
4.3: Wireless Technology in the European Smart Lighting Market
4.3.1: Wireless Technology in the European Smart Lighting Market by Deployment: Indoor and Outdoor
4.3.2: Wireless Technology in the European Smart Lighting Market by Application: Commercial, Public, and Residential
4.4: Wireless Technology in the APAC Smart Lighting Market 
4.4.1: Wireless Technology in the APAC Smart Lighting Market by Deployment: Indoor and Outdoor
4.4.2: Wireless Technology in the APAC Smart Lighting Market by Application: Commercial, Public, and Residential
4.5: Wireless Technology in the ROW Smart Lighting Market 
4.5.1: Wireless Technology in the ROW Smart Lighting Market by Deployment: Indoor and Outdoor
4.5.2: Wireless Technology in the ROW Smart Lighting Market by Application: Commercial, Public, and Residential
 
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
 
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for Wireless Technology in the Global Smart Lighting Market by Communication Technology
6.1.2: Growth Opportunities for Wireless Technology in the Global Smart Lighting Market by Offering
6.1.3: Growth Opportunities for Wireless Technology in the Global Smart Lighting Market by Installation Type
6.1.4: Growth Opportunities for Wireless Technology in the Global Smart Lighting Market by Deployment
6.1.5: Growth Opportunities for Wireless Technology in the Global Smart Lighting Market by Application
6.1.6: Growth Opportunities for Wireless Technology in the Global Smart Lighting Market by Region
6.2: Emerging Trends in the Wireless Technology in the Global Smart Lighting Market 
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Wireless Technology in the Global Smart Lighting Market 
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Wireless Technology in the Global Smart Lighting Market 
6.3.4: Certification and Licensing
 
7. Company Profiles of Leading Players
7.1: Acuity Brands
7.2: ams-OSRAM AG
7.3: Cisco Systems
7.4: Deako 
7:5: Eaton Corporation
 
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 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 across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function 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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