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Smart Lighting Market Trends

  • Report ID: GMI413
  • Published Date: Jul 2024
  • Report Format: PDF

Smart Lighting Market Trends

The growing trend towards smart homes is driving the smart lighting industry. As more consumers embrace home automation and connectivity, smart lighting is becoming an integral part of smart personal living spaces. Smart lighting accounts for more than 15 - 20% of smart home appliances. As customers invest in home automation solutions, they demand smart lighting as infrastructure products mature.
 

Smart lighting products are designed to integrate with the wider smart home ecosystem. In line with popular smart home platforms, voice assistants (such as Amazon Alexa, Google Assistant and Apple HomeKit) enhance the overall smart home experience. Consumers often invest in smart lighting that integrates seamlessly with their existing or planned indoor smart home systems. Smart lighting systems can be easily integrated into the wider smart home ecosystem. This ecosystem includes other connected devices such as smart thermostats, security cameras, voice assistants and home entertainment systems. This integration enhances the overall smart home and encourages consumers to use more smart devices.
 

Smart lighting allows homeowners to remotely control and manage their lighting systems, allowing users to adjust lighting on/off via mobile apps or voice commands. You can plan, increase overall comfort & automate space. The intelligent lighting systems are customized. Users can create lighting maps based on specific preferences or activities. The ability to adapt lighting to different rooms and seasons enhances the overall ambience of a smart home.

Authors: Suraj Gujar, Kanhaiya Kathoke

Frequently Asked Questions (FAQ) :

Market size for smart lighting crossed USD 14 billion in 2023 and is expected to register over 15% CAGR from 2024-2032 owing to the proliferation of smart city projects across the globe

The hardware component segment in the smart lighting industry is expected to register over 15% CAGR from 2024-2032 due to rising integration with the Internet of Things (IoT)

Asia Pacific industry is expected to register over 17% CAGR from 2024-2032 due to the rapid urbanization and infrastructure development

Signify Holding, ams – OSRAM, Hubbell Incorporated, Legrand SA, Cooper Industries Inc. (Eaton), Acuity Brands Lighting Inc., and Schneider Electric SE are some of the major smart lighting companies worldwide.

Smart Lighting Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 25
  • Tables & Figures: 380
  • Countries covered: 27
  • Pages: 274
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