Trends and Forecast for the Global Smart Lighting Market

Lucintel's latest market report analyzed that smart lighting provides attractive opportunities in the residential and commercial sector. The smart lighting market is expected to reach $21.7 billion by 2027 with a CAGR of 13%. In this market, control system is the largest segment by product. The growing demand for IoT technology in the smart lighting system and emergence of light fidelity (Li-Fi) technology in the field of smart lighting provides strategic growth path in this market.

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Based on product, the smart lighting market is segmented into smart bulbs, fixtures, control systems. The control systems segment is accounted for the largest share of the market in 2021 due to growth in home automation and to improve energy efficiency and smart bulb is expected to register the highest CAGR during the forecast period supported by growing demand for wireless technologies in smart cities.

Browse in-depth TOC on “Smart Lighting Market”

108 – Tables

103 – Figures

195 – Pages

The smart lighting market is marked by the presence of several big and small players. Some of the prominent players offering smart lighting include CREE Inc, AMS, Signify N.V., Zumtobel Group, Savant Systems, Inc., SemiLEDs Corporation.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.

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