Ambient Lighting Market, By Type (Ambient Indoor Lighting, Ambient Outdoor Lighting), By Technology (Incandescent Lamps, Halogen Lamps, Fluorescent Lamps, Light Emitting Diode (LED)), By End User & Forecast, 2024 – 2032
Report ID: GMI8922
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Published Date: April 2024
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Report Format: PDF
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Premium Report Details
Base Year: 2023
Companies covered: 10
Tables & Figures: 303
Countries covered: 22
Pages: 200
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Ambient Lighting Market Size
Ambient Lighting Market was valued at over USD 70 billion in 2023 and is estimated to register a CAGR of over 9% between 2024 and 2032. The rising demand for smart lighting solutions is expected to drive growth in the industry. Smart lighting offers convenience, energy efficiency, and customization options, catering to the modern consumer's preferences. With the increasing adoption of IoT devices and home automation systems, there is a growing trend toward interconnected smart homes. Moreover, the desire for enhanced control and comfort positions smart lighting is a significant factor boosting market expansion.
For instance, in February 2022, Samsung Electronics Co., Ltd. unveiled a micro-LED at CES 2022. As Samsung's state-of-the-art display, micro-LED offers a best-in-class picture quality. It uses 25 million micrometer-sized light-emitting diodes that individually produce color and light, creating an immersive experience through vibrant colors, impressive depth, and a heightened level of contrast and clarity. The micro-LED comes in three different sizes: 89',101', and 110'. It delivers extreme performance with an immersive design made possible by its 99.99% screen-to-body ratio.
Expanding applications in residential and commercial sectors are expected to propel the ambient lighting industry expansion. This expansion broadens the market's reach beyond traditional segments, tapping into new opportunities for adoption. By catering to diverse needs in both residential and commercial settings, ambient lighting providers can capitalize on a larger customer base and address evolving demands. This trend reflects the market's adaptability and potential for sustained growth across various industries and applications.
Glare and discomfort from overly bright fixtures can hinder the adoption of ambient lighting solutions. Excessive brightness can cause discomfort, eye strain, and visual disturbances, detracting from the intended ambiance. Consumers may perceive harsh lighting as unpleasant or impractical, leading to dissatisfaction with the overall lighting experience. To mitigate this pitfall, manufacturers need to prioritize ergonomic design, glare reduction techniques, and user-friendly controls to ensure comfortable illumination levels in ambient lighting applications.
Ambient Lighting Market Trends
LED technology is dominating the ambient lighting industry with its energy efficiency, extended lifespan, and decreasing costs. Regulatory efforts advocating for energy-efficient solutions and consumer demand for sustainability are propelling this shift toward LEDs. This trend underscores a broader industry focus on eco-friendly and cost-effective lighting solutions in both residential and commercial settings.
While residential applications remain a significant segment of the market, there is a growing interest in commercial and outdoor lighting solutions. Businesses, municipalities, and institutions seek energy-efficient and programmable lighting systems for offices, retail spaces, streets, parks, and architectural landmarks, augmenting market growth in these segments.
Ambient Lighting Market Analysis
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 Lighting Market Share
Signify Holding and OSRAM GmbH held a significant share of over 13% in the ambient lighting industry in 2023. Signify Holding, formerly known as Philips Lighting, is a global leader in lighting solutions. The company offers a wide range of products and services in the market including LED bulbs, luminaires, and connected lighting systems for residential, commercial, and urban environments. Signify focuses on energy-efficient and innovative lighting solutions to enhance comfort, well-being, and sustainability.
Koninklijke Philips NV, commonly known as Philips, is a diversified health technology company operating in sectors such as healthcare, consumer lifestyle, and lighting. In the industry, Philips offers a range of innovative lighting solutions for homes, offices, and public spaces. These include smart LED bulbs, architectural lighting systems, and ambient lighting products designed to enhance mood and atmos
Ambient Lighting Market Companies
Major players operating in the ambient lighting industry are:
Ambient Lighting Industry News
The ambient lighting market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Billion) from 2018 to 2032, for the following segments:
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Market, By Type
Market, By Technology
Market, By End User
The above information is provided for the following regions and countries: