Product Code: PM1996
The global smart lighting market size is expected to reach USD 72.10 billion by 2032, according to a new study by Polaris Market Research. The report "Smart Lighting Market Share, Size, Trends, Industry Analysis Report, By Type (Smart Light Bulbs, Smart Lights Connected with Hubs and Motion Sensing Lights); By Communication Technology; By Application; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The popularity and demand for lights have grown in commercial and residential areas due to their ability to link with IoT devices and provide ambient lighting using smartphones or tablets. Smart lights may be dimmed with different color tones depending on the situation, have their on/off times set, track their energy use, and link to other devices through Bluetooth, Wi-Fi, SmartThings, Z-Wave, or ZigBee.
Moreover, smart lights may be voice-controlled by integrating with a platform like Google Assistant, Amazon's Alexa, Apple's Siri, or Microsoft's Cortana. These numerous functions beyond illumination and the rising popularity of IoT devices and smart assistant platforms have opened up new business opportunities for smart lighting.
Government initiatives promoting energy efficiency and environmental protection, together with strict restrictions, deter people from using incandescent lighting, which is expected to increase demand for LED smart lighting. Over 19% of the world's power is used by the lighting industry, which also accounts for 6% of all greenhouse gas emissions. LED smart lights, on the other hand, are incredibly effective. They link gadgets to gather data for upcoming procedures and use nearly 70% less energy. They are devoid of any mercury contamination and have much longer lifespans. Likewise, LED lights don't release any dangerous greenhouse gas emissions.
The use of smart lights is anticipated to rise due to advantages including regulated power consumption, longer life, numerous light settings in a single lamp or luminaire, and accessibility to a large selection of contemporary decorative lighting items. Smart lighting adoption has yet to reach its full potential in the residential, commercial, and industrial sectors. Thus, it is anticipated that demand for LED-based smart lighting will increase throughout the projection period due to numerous government measures to encourage their usage.
Smart Lighting Market Report Highlights:
The motion-sensing lights are anticipated to see a sizable CAGR during the anticipated period. The widespread adoption of intelligent home infrastructure projects is the cause of this, as it provides end users with increased protection and lowers energy usage by automatically shutting off lights when no motion is detected.
The Wi-Fi sector is anticipated to have the largest market share worldwide throughout the anticipated period. To manage the color of luminaires in a small space, the residential sector has been the main user of this technology, which has ultimately increased segmental growth globally.
The residential sector is predicted to generate significant revenue. Due to increased consumer awareness of smart lighting and the adoption of energy-efficient goods, intelligent lighting has been widely used in residential structures.
Europe is lead the world market in revenue in 2022 due to the regional government's work on drafting safety and consistent performance criteria for certain indoor commercial intelligent lighting for streets, parking, and garages.
The global key market players include Acuity Brands, GE current, Hafele GmbH & Co KG, Helvar, Honeywell International, Ideal Industries, Itron Inc., LG Electronics, LightwaveRF, Lutron Electronics Company, Panasonic Corporation, RAB Lighting Inc., Schneider Electric, Sengled Optoelectronics, Signify Holding, Syska, Verizon, Wipro Consumer Lighting, YEELIGHT, and Zumtobel group ag.
Polaris Market Research has segmented the Smart Lighting market report based on type, communication technology, application, and region:
Smart Lighting, Type Outlook (Revenue - USD Billion, 2019 - 2032)
Smart Light Bulbs
Smart Lights Connected with Hubs
Motion Sensing Lights
Smart Lighting, Communication Technology Outlook (Revenue - USD Billion, 2019-2032)
Wi-Fi
Bluetooth
Zig-bee
Others
- Smart Lighting, Application (Revenue - USD Billion, 2019 - 2032)
Residential
Commercial
Industrial
- Smart Lighting, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
North America
U.S.
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Latin America
Argentina
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Smart Lighting Market Insights
- 4.1. Smart Lighting Market - Communication Technology Snapshot
- 4.2. Smart Lighting Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Government subsidies for LED technology and sophisticated lighting systems
- 4.2.1.2. Strict laws against using incandescent bulbs
- 4.2.2. Restraints and Challenges
- 4.2.2.1. High initial cost
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Smart Lighting Market Communication Technology Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Smart Lighting Market, by Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Smart Lighting Market, by Type, 2019-2032 (USD Billion)
- 5.3. Smart Light Bulbs
- 5.3.1. Global Smart Lighting Market, by Smart Light Bulbs, by Region, 2019-2032 (USD Billion)
- 5.4. Smart Lights Connected with Hubs
- 5.4.1. Global Smart Lighting Market, by Smart Lights Connected with Hubs, by Region, 2019-2032 (USD Billion)
- 5.5. Motion Sensing Lights
- 5.5.1. Global Smart Lighting Market, by Motion Sensing Lights, by Region, 2019-2032 (USD Billion)
6. Global Smart Lighting Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Smart Lighting Market, by Application, 2019-2032 (USD Billion)
- 6.3. Residential
- 6.3.1. Global Smart Lighting Market, by Residential, by Region, 2019-2032 (USD Billion)
- 6.4. Commercial
- 6.4.1. Global Smart Lighting Market, by Commercial, by Region, 2019-2032 (USD Billion)
- 6.5. Industrial
- 6.5.1. Global Smart Lighting Market, by Industrial, by Region, 2019-2032 (USD Billion)
7. Global Smart Lighting Market, by Communication Technology
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Smart Lighting Market, by Communication Technology, 2019-2032 (USD Billion)
- 7.3. Wi-Fi
- 7.3.1. Global Smart Lighting Market, by Wi-Fi, By Region, 2019-2032 (USD Billion)
- 7.4. Bluetooth
- 7.4.1. Global Smart Lighting Market, by Bluetooth, By Region, 2019-2032 (USD Billion)
- 7.5. Zig-bee
- 7.5.1. Global Smart Lighting Market, by Zig-bee, By Region, 2019-2032 (USD Billion)
- 7.6. Others
- 7.6.1. Global Smart Lighting Market, by Others, By Region, 2019-2032 (USD Billion)
8. Global Smart Lighting Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Smart Lighting Market Assessment, By Geography, 2019-2032 (USD Billion)
- 8.3. Smart Lighting Market - North America
- 8.3.1. North America: Smart Lighting Market, by Type, 2019-2032 (USD Billion)
- 8.3.2. North America: Smart Lighting Market, by Communication Technology, 2019-2032 (USD Billion)
- 8.3.3. North America: Smart Lighting Market, by Application, 2019-2032 (USD Billion)
- 8.3.4. Smart Lighting Market - U.S.
- 8.3.4.1. U.S.: Smart Lighting Market, by Type, 2019-2032 (USD Billion)
- 8.3.4.2. U.S.: Smart Lighting Market, by Communication Technology, 2019-2032 (USD Billion)
- 8.3.4.3. U.S.: Smart Lighting Market, by Application, 2019-2032 (USD Billion)
- 8.3.5. Smart Lighting Market - Canada
- 8.3.5.1. Canada: Smart Lighting Market, by Type, 2019-2032 (USD Billion)
- 8.3.5.2. Canada.: Smart Lighting Market, by Communication Technology, 2019-2032 (USD Billion)
- 8.3.5.3. Canada: Smart Lighting Market, by Application, 2019-2032 (USD Billion)
- 8.4. Smart Lighting Market - Europe
- 8.4.1. Europe: Smart Lighting Market, by Type, 2019-2032 (USD Billion)
- 8.4.2. Europe.: Smart Lighting Market, by Communication Technology, 2019-2032 (USD Billion)
- 8.4.3. Europe: Smart Lighting Market, by Application, 2019-2032 (USD Billion)
- 8.4.4. Smart Lighting Market - UK
- 8.4.4.1. UK: Smart Lighting Market, by Type, 2019-2032 (USD Billion)
- 8.4.4.2. UK.: Smart Lighting Market, by Communication Technology, 2019-2032 (USD Billion)
- 8.4.4.3. UK: Smart Lighting Market, by Application, 2019-2032 (USD Billion)
- 8.4.5. Smart Lighting Market - France
- 8.4.5.1. France: Smart Lighting Market, by Type, 2019-2032 (USD Billion)
- 8.4.5.2. France.: Smart Lighting Market, by Communication Technology, 2019-2032 (USD Billion)
- 8.4.5.3. France: Smart Lighting Market, by Application, 2019-2032 (USD Billion)
- 8.4.6. Smart Lighting Market - Germany
- 8.4.6.1. Germany: Smart Lighting Market, by Type, 2019-2032 (USD Billion)
- 8.4.6.2. Germany.: Smart Lighting Market, by Communication Technology, 2019-2032 (USD Billion)
- 8.4.6.3. Germany: Smart Lighting Market, by Application, 2019-2032 (USD Billion)
- 8.4.7. Smart Lighting Market - Italy
- 8.4.7.1. Italy: Smart Lighting Market, by Type, 2019-2032 (USD Billion)
- 8.4.7.2. Italy.: Smart Lighting Market, by Communication Technology, 2019-2032 (USD Billion)
- 8.4.7.3. Italy: Smart Lighting Market, by Application, 2019-2032 (USD Billion)
- 8.4.8. Smart Lighting Market - Spain
- 8.4.8.1. Spain: Smart Lighting Market, by Type, 2019-2032 (USD Billion)
- 8.4.8.2. Spain.: Smart Lighting Market, by Communication Technology, 2019-2032 (USD Billion)
- 8.4.8.3. Spain: Smart Lighting Market, by Application, 2019-2032 (USD Billion)
- 8.4.9. Smart Lighting Market - Netherlands
- 8.4.9.1. Netherlands: Smart Lighting Market, by Type, 2019-2032 (USD Billion)
- 8.4.9.2. Netherlands.: Smart Lighting Market, by Communication Technology, 2019-2032 (USD Billion)
- 8.4.9.3. Netherlands: Smart Lighting Market, by Application, 2019-2032 (USD Billion)
- 8.4.10. Smart Lighting Market - Russia
- 8.4.10.1. Russia: Smart Lighting Market, by Type, 2019-2032 (USD Billion)
- 8.4.10.2. Russia.: Smart Lighting Market, by Communication Technology, 2019-2032 (USD Billion)
- 8.4.10.3. Russia: Smart Lighting Market, by Application, 2019-2032 (USD Billion)
- 8.5. Smart Lighting Market - Asia Pacific
- 8.5.1. Asia Pacific: Smart Lighting Market, by Type, 2019-2032 (USD Billion)
- 8.5.2. Asia Pacific.: Smart Lighting Market, by Communication Technology, 2019-2032 (USD Billion)
- 8.5.3. Asia Pacific: Smart Lighting Market, by Application, 2019-2032 (USD Billion)
- 8.5.4. Smart Lighting Market - China
- 8.5.4.1. China: Smart Lighting Market, by Type, 2019-2032 (USD Billion)
- 8.5.4.2. China.: Smart Lighting Market, by Communication Technology, 2019-2032 (USD Billion)
- 8.5.4.3. China: Smart Lighting Market, by Application, 2019-2032 (USD Billion)
- 8.5.5. Smart Lighting Market - India
- 8.5.5.1. India: Smart Lighting Market, by Type, 2019-2032 (USD Billion)
- 8.5.5.2. India.: Smart Lighting Market, by Communication Technology, 2019-2032 (USD Billion)
- 8.5.5.3. India: Smart Lighting Market, by Application, 2019-2032 (USD Billion)
- 8.5.6. Smart Lighting Market - Malaysia
- 8.5.6.1. Malaysia: Smart Lighting Market, by Type, 2019-2032 (USD Billion)
- 8.5.6.2. Malaysia.: Smart Lighting Market, by Communication Technology, 2019-2032 (USD Billion)
- 8.5.6.3. Malaysia: Smart Lighting Market, by Application, 2019-2032 (USD Billion)
- 8.5.7. Smart Lighting Market - Japan
- 8.5.7.1. Japan: Smart Lighting Market, by Type, 2019-2032 (USD Billion)
- 8.5.7.2. Japan.: Smart Lighting Market, by Communication Technology, 2019-2032 (USD Billion)
- 8.5.7.3. Japan: Smart Lighting Market, by Application, 2019-2032 (USD Billion)
- 8.5.8. Smart Lighting Market - Indonesia
- 8.5.8.1. Indonesia: Smart Lighting Market, by Type, 2019-2032 (USD Billion)
- 8.5.8.2. Indonesia.: Smart Lighting Market, by Communication Technology, 2019-2032 (USD Billion)
- 8.5.8.3. Indonesia: Smart Lighting Market, by Application, 2019-2032 (USD Billion)
- 8.5.9. Smart Lighting Market - South Korea
- 8.5.9.1. South Korea: Smart Lighting Market, by Type, 2019-2032 (USD Billion)
- 8.5.9.2. South Korea.: Smart Lighting Market, by Communication Technology, 2019-2032 (USD Billion)
- 8.5.9.3. South Korea: Smart Lighting Market, by Application, 2019-2032 (USD Billion)
- 8.6. Smart Lighting Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Smart Lighting Market, by Type, 2019-2032 (USD Billion)
- 8.6.2. Middle East & Africa.: Smart Lighting Market, by Communication Technology, 2019-2032 (USD Billion)
- 8.6.3. Middle East & Africa: Smart Lighting Market, by Application, 2019-2032 (USD Billion)
- 8.6.4. Smart Lighting Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Smart Lighting Market, by Type, 2019-2032 (USD Billion)
- 8.6.4.2. Saudi Arabia.: Smart Lighting Market, by Communication Technology, 2019-2032 (USD Billion)
- 8.6.4.3. Saudi Arabia: Smart Lighting Market, by Application, 2019-2032 (USD Billion)
- 8.6.5. Smart Lighting Market - UAE
- 8.6.5.1. UAE: Smart Lighting Market, by Type, 2019-2032 (USD Billion)
- 8.6.5.2. UAE.: Smart Lighting Market, by Communication Technology, 2019-2032 (USD Billion)
- 8.6.5.3. UAE: Smart Lighting Market, by Application, 2019-2032 (USD Billion)
- 8.6.6. Smart Lighting Market - Israel
- 8.6.6.1. Israel: Smart Lighting Market, by Type, 2019-2032 (USD Billion)
- 8.6.6.2. Israel.: Smart Lighting Market, by Communication Technology, 2019-2032 (USD Billion)
- 8.6.6.3. Israel: Smart Lighting Market, by Application, 2019-2032 (USD Billion)
- 8.6.7. Smart Lighting Market - South Africa
- 8.6.7.1. South Africa: Smart Lighting Market, by Type, 2019-2032 (USD Billion)
- 8.6.7.2. South Africa.: Smart Lighting Market, by Communication Technology, 2019-2032 (USD Billion)
- 8.6.7.3. South Africa: Smart Lighting Market, by Application, 2019-2032 (USD Billion)
- 8.7. Smart Lighting Market - Latin America
- 8.7.1. Latin America: Smart Lighting Market, by Type, 2019-2032 (USD Billion)
- 8.7.2. Latin America.: Smart Lighting Market, by Communication Technology, 2019-2032 (USD Billion)
- 8.7.3. Latin America: Smart Lighting Market, by Application, 2019-2032 (USD Billion)
- 8.7.4. Smart Lighting Market - Mexico
- 8.7.4.1. Mexico: Smart Lighting Market, by Type, 2019-2032 (USD Billion)
- 8.7.4.2. Mexico.: Smart Lighting Market, by Communication Technology, 2019-2032 (USD Billion)
- 8.7.4.3. Mexico: Smart Lighting Market, by Application, 2019-2032 (USD Billion)
- 8.7.5. Smart Lighting Market - Brazil
- 8.7.5.1. Brazil: Smart Lighting Market, by Type, 2019-2032 (USD Billion)
- 8.7.5.2. Brazil.: Smart Lighting Market, by Communication Technology, 2019-2032 (USD Billion)
- 8.7.5.3. Brazil: Smart Lighting Market, by Application, 2019-2032 (USD Billion)
- 8.7.6. Smart Lighting Market - Argentina
- 8.7.6.1. Argentina: Smart Lighting Market, by Type, 2019-2032 (USD Billion)
- 8.7.6.2. Argentina.: Smart Lighting Market, by Communication Technology, 2019-2032 (USD Billion)
- 8.7.6.3. Argentina: Smart Lighting Market, by Application, 2019-2032 (USD Billion)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. Acuity Brands
- 10.1.1. Company Overview
- 10.1.2. Financial PerApplicationance
- 10.1.3. Application Benchmarking
- 10.1.4. Recent Development
- 10.2. GE current
- 10.2.1. Company Overview
- 10.2.2. Financial PerApplicationance
- 10.2.3. Application Benchmarking
- 10.2.4. Recent Development
- 10.3. Hafele GmbH & Co KG
- 10.3.1. Company Overview
- 10.3.2. Financial PerApplicationance
- 10.3.3. Application Benchmarking
- 10.3.4. Recent Development
- 10.4. Helvar
- 10.4.1. Company Overview
- 10.4.2. Financial PerApplicationance
- 10.4.3. Application Benchmarking
- 10.4.4. Recent Development
- 10.5. Honeywell International
- 10.5.1. Company Overview
- 10.5.2. Financial PerApplicationance
- 10.5.3. Application Benchmarking
- 10.5.4. Recent Development
- 10.6. Ideal Industries
- 10.6.1. Company Overview
- 10.6.2. Financial PerApplicationance
- 10.6.3. Application Benchmarking
- 10.6.4. Recent Development
- 10.7. Itron Inc
- 10.7.1. Company Overview
- 10.7.2. Financial PerApplicationance
- 10.7.3. Application Benchmarking
- 10.7.4. Recent Development
- 10.8. LG Electronics
- 10.8.1. Company Overview
- 10.8.2. Financial PerApplicationance
- 10.8.3. Application Benchmarking
- 10.8.4. Recent Development
- 10.9. LightwaveRF
- 10.9.1. Company Overview
- 10.9.2. Financial PerApplicationance
- 10.9.3. Application Benchmarking
- 10.9.4. Recent Development
- 10.10. Lutron Electronics Company
- 10.10.1. Company Overview
- 10.10.2. Financial PerApplicationance
- 10.10.3. Application Benchmarking
- 10.10.4. Recent Development
- 10.11. Panasonic Corporation
- 10.11.1. Company Overview
- 10.11.2. Financial PerApplicationance
- 10.11.3. Application Benchmarking
- 10.11.4. Recent Development
- 10.12. RAB Lighting Inc
- 10.12.1. Company Overview
- 10.12.2. Financial PerApplicationance
- 10.12.3. Application Benchmarking
- 10.12.4. Recent Development
- 10.13. Schneider Electric
- 10.13.1. Company Overview
- 10.13.2. Financial PerApplicationance
- 10.13.3. Application Benchmarking
- 10.13.4. Recent Development
- 10.14. Sengled Optoelectronics
- 10.14.1. Company Overview
- 10.14.2. Financial PerApplicationance
- 10.14.3. Application Benchmarking
- 10.14.4. Recent Development
- 10.15. Signify Holding
- 10.15.1. Company Overview
- 10.15.2. Financial PerApplicationance
- 10.15.3. Application Benchmarking
- 10.15.4. Recent Development
- 10.16. Syska
- 10.16.1. Company Overview
- 10.16.2. Financial PerApplicationance
- 10.16.3. Application Benchmarking
- 10.16.4. Recent Development
- 10.17. Verizon
- 10.17.1. Company Overview
- 10.17.2. Financial PerApplicationance
- 10.17.3. Application Benchmarking
- 10.17.4. Recent Development
- 10.18. Wipro Consumer Lighting
- 10.18.1. Company Overview
- 10.18.2. Financial PerApplicationance
- 10.18.3. Application Benchmarking
- 10.18.4. Recent Development
- 10.19. YEELIGHT
- 10.19.1. Company Overview
- 10.19.2. Financial PerApplicationance
- 10.19.3. Application Benchmarking
- 10.19.4. Recent Development
- 10.20. Zumtobel group ag
- 10.20.1. Company Overview
- 10.20.2. Financial PerApplicationance
- 10.20.3. Application Benchmarking
- 10.20.4. Recent Development