Smart Lighting Market size is anticipated to witness a faster CAGR over the forecast period, owing to the growing demand for energy effective lighting system that provide better illumination.

Smart lighting is a modern lighting technology that provides an energy-efficient method to manage the lighting systems of homes and buildings. Smart lights can easily be connected with IoT devices to create ambient lighting with the help of smartphones. Growing adoption of Internet of Thing devices and smart assistant platforms have propelled the market growth. These systems improve safety level, decreases energy consumption, and saves money while offering an entire smart home. Thus, the augmenting consciousness about the advantages of smart lighting has stimulated their adoption across commercial, residential, and industrial sectors. The sudden outburst of coronavirus had negatively influenced the global Smart Lighting market growth owing to the strict lockdown norms disrupting the supply of electronic components. However, the market is projected to recover by 2021 while expanding at a notable rate from 2022.

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By installation, New Installation segment is anticipated to lead the market over the forecast period, owing to the advent of wireless technologies and improvements in electronics and sensor technology. Also, the growing demand for smart lighting across corporate offices, parking spaces, and homes have driven the Smart Lighting market share.

By offering, the hardware segment is expected to expand at faster CAGR over the forecast period owing to the incorporation of lighting control products. Ongoing product innovation in lighting controls, such as lamps and luminaries will further bolster the market growth.

By end-use application, the outdoor segment is likely to hold a higher share over the coming years. The smart road lighting system helps enhance clarity on the roads, thereby ensuring the safety on the roads. Various nations, such as Norway, use the smart road lighting system to tackle the issue of useless lighting on densely or rarely traveled roads while conserving energy.

By region, the Asia-Pacific region is predicted to lead the market during the forecast period due to the rapid urbanization and accelerating population across emerging economies. As per the Smart Lighting market analysis, intensified government initiatives to provide LED lights at an economical price due to their exceptional advantages such as reduced energy usage and environment friendly will bolster the market growth.  

Key Developments:

In 2020, Legrand developed Netatmo Smart home technology with two new additions of smart lighting controls in the U.S. with an intent of smart switches to decrease the power consumption, remote supervision, and offer control functions such as lights and electrical appliances.

In 2020, OSRAM GmbH partnered with Casambi, to use the wireless lighting control solution of Casambi, thereby offering a remarkable user experience, better performance, and scalability.

Smart Lighting Market Segmentation:

Smart Lighting Market by Installation Type
  • New Installation
  • Retrofit Installation
Smart Lighting Market by Offering
  • Hardware
    • Lights & Luminaries
      • Smart Bulbs
      • Fixtures
    • Lighting Controls
      • LED Drivers & Ballasts
      • Sensors
      • Switches
        • Manual On/Off Switches
        • Electronic Switches
      • Dimmers
        • Wired Dimmers
        • Wireless Dimmers
      • Relay Units
      • Gateways
    • Software
      • Local/Web-Based Software
      • Cloud-Based Software
    • Services
      • Pre-installation Services
      • Post-installation Services
    • Hardware
      • Lights & Luminaires
      • Lighting Controls
Smart Lighting Market by End-Use Application
  • Indoor
    • Residential
    • Commercial
      • Retail
      • Hospitality
      • Office Lighting
    • Industrial
    • Others
  • Outdoor
    • Highways & Roadways Lighting
    • Architectural Lighting
    • Lighting for Public Places
Smart Lighting Market by Communication Technology
  • Wired Technology
    • DALI
    • Power Over Ethernet (PoE)
    • Wired Hybrid Protocols
  • Wireless
    • ZigBEE
    • Wi-Fi
    • BLE
    • EnOcean
    • 6LoWPAN
    • Wireless Hybrid Protocols
  • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

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