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Based on end use, the market is divided into residential, hospitality & retail, commercial, automotive, healthcare, and others. The residential segment is expected to reach over USD 65 billion by 2032.
Based on type, the market is segmented into ambient indoor lighting and ambient outdoor lighting. The ambient indoor lighting segment is expected to register a CAGR of over 9.5% during the forecast period.
Asia Pacific dominated the global ambient lighting market in 2023 with over 40% of the total revenue share. This growth is attributed to increasing urbanization, rising disposable income, and a growing awareness of energy-efficient lighting solutions. Rapid infrastructure development, particularly in emerging economies, such as China and India, is driving the demand for ambient lighting in the residential, commercial, and hospitality sectors. Additionally, advancements in technology and changing consumer preferences toward smart lighting systems contribute to market expansion across Asia Pacific.
Ambient indoor lighting market is estimated to expand at over 9.5% CAGR from 2024 to 2032, due to the proliferation of smart home technology and growing adoption of lighting systems, easily controlled via smartphones or voice assistants.
Asia Pacific ambient lighting industry accounted for over 40% revenue share in 2023 and is expected to expand at substantial CAGR from 2024 to 2032, led by the increasing urbanization, rising disposable income, and the growing awareness of energy-efficient lighting solutions.
Industry size for ambient lighting recorded over USD 70 billion in 2023 and is expected to register over 9% CAGR from 2024 to 2032, owing to the rising adoption of IoT devices, home automation systems and growing trend of interconnected smart homes.
Signify Holding, OSRAM GmbH, GE Lighting (SAVANT TECHNOLOGIES LLC), Koninklijke Philips NV, Samsung Electronics Co. Ltd, Eaton Corporation Inc., SCHOTT Group are some of the major ambient lighting companies worldwide.