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Global Smart Lighting Market Analysis, Share, Forecast: By Offering: Hardware, Software, Services; By Communication Technology: Wired, Wireless; By Installation Type: New Installation, Retrofit Installation; By Light Source: LED Lamps, Fluorescent Lamps, Others; By Application; Regional Analysis; Competitive Landscape; 2024-2032
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Smart Lighting Market Analysis
8.1 Key Industry Highlights
8.2 Global Smart Lighting Historical Market (2018-2023)
8.3 Global Smart Lighting Market Forecast (2024-2032)
8.4 Global Smart Lighting Market by Offering
8.4.1 Hardware
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.1.3 Breakup by Type
8.4.1.3.1 Lights and Luminaires
8.4.1.3.1.1 Historical Trend (2018-2023)
8.4.1.3.1.2 Forecast Trend (2024-2032)
8.4.1.3.2 Lighting Controls
8.4.1.3.2.1 Historical Trend (2018-2023)
8.4.1.3.2.2 Forecast Trend (2024-2032)
8.4.2 Software
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Services
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.3.3 Breakup by Type
8.4.3.3.1 Design and Engineering
8.4.3.3.1.1 Historical Trend (2018-2023)
8.4.3.3.1.2 Forecast Trend (2024-2032)
8.4.3.3.2 Installation
8.4.3.3.2.1 Historical Trend (2018-2023)
8.4.3.3.2.2 Forecast Trend (2024-2032)
8.4.3.3.3 Post-Installation
8.4.3.3.3.1 Historical Trend (2018-2023)
8.4.3.3.3.2 Forecast Trend (2024-2032)
8.5 Global Smart Lighting Market by Communication Technology
8.5.1 Wired
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Wireless
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Smart Lighting Market by Installation Type
8.6.1 New Installation
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Retrofit Installation
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Smart Lighting Market by Light Source
8.7.1 LED Lamps
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Fluorescent Lamps
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Compact Fluorescent Lamps
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 High Intensity Discharge Lamps
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Others
8.8 Global Smart Lighting Market by Application
8.8.1 Commercial
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Residential
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Public Infrastructure
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Others
8.9 Global Smart Lighting Market by Region
8.9.1 North America
8.9.1.1 Historical Trend (2018-2023)
8.9.1.2 Forecast Trend (2024-2032)
8.9.2 Europe
8.9.2.1 Historical Trend (2018-2023)
8.9.2.2 Forecast Trend (2024-2032)
8.9.3 Asia Pacific
8.9.3.1 Historical Trend (2018-2023)
8.9.3.2 Forecast Trend (2024-2032)
8.9.4 Latin America
8.9.4.1 Historical Trend (2018-2023)
8.9.4.2 Forecast Trend (2024-2032)
8.9.5 Middle East and Africa
8.9.5.1 Historical Trend (2018-2023)
8.9.5.2 Forecast Trend (2024-2032)
9 North America Smart Lighting Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Smart Lighting Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Smart Lighting Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Smart Lighting Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Smart Lighting Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Signify S.A.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Acuity Brands Lighting, Inc
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Honeywell
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Legrand S.A.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 OSRAM GmbH
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Cree Lighting
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 General Electric Company
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Smart Lighting Market: Key Industry Highlights, 2018 and 2032
2. Global Smart Lighting Historical Market: Breakup by Offering (USD Billion), 2018-2023
3. Global Smart Lighting Market Forecast: Breakup by Offering (USD Billion), 2024-2032
4. Global Smart Lighting Historical Market: Breakup by Communication Technology (USD Billion), 2018-2023
5. Global Smart Lighting Market Forecast: Breakup by Communication Technology (USD Billion), 2024-2032
6. Global Smart Lighting Historical Market: Breakup by Installation Type (USD Billion), 2018-2023
7. Global Smart Lighting Market Forecast: Breakup by Installation Type (USD Billion), 2024-2032
8. Global Smart Lighting Historical Market: Breakup by Light Source (USD Billion), 2018-2023
9. Global Smart Lighting Market Forecast: Breakup by Light Source (USD Billion), 2024-2032
10. Global Smart Lighting Historical Market: Breakup by Application (USD Billion), 2018-2023
11. Global Smart Lighting Market Forecast: Breakup by Application (USD Billion), 2024-2032
12. Global Smart Lighting Historical Market: Breakup by Region (USD Billion), 2018-2023
13. Global Smart Lighting Market Forecast: Breakup by Region (USD Billion), 2024-2032
14. North America Smart Lighting Historical Market: Breakup by Country (USD Billion), 2018-2023
15. North America Smart Lighting Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Europe Smart Lighting Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Europe Smart Lighting Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Asia Pacific Smart Lighting Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Asia Pacific Smart Lighting Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Latin America Smart Lighting Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Latin America Smart Lighting Market Forecast: Breakup by Country (USD Billion), 2024-2032Mi
22. Middle East and Africa Smart Lighting Historical Market: Breakup by Country (USD Billion), 2018-2023
23. Middle East and Africa Smart Lighting Market Forecast: Breakup by Country (USD Billion), 2024-2032
24. Global Smart Lighting Market Structure
Key Questions Answered in the Report
In 2023, the global smart lighting market attained a value of USD 16.25 billion.
In the forecast period of 2024-2032, the market is projected to grow at a CAGR of 20%.
By 2028, the market is estimated to reach a value of about USD 83.81 billion.
The major drivers of the market include the increasing modernisation of infrastructure, reducing costs of LED, the growing preference for smart and modular lighting systems.
Technological advancements and innovations and the surging adoption of Internet of Things (IoT) are the major trends guiding the market growth.
The major regions in the market are North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa.
The leading offerings of smart lighting in the market are hardware, software, and services.
The significant communication technologies in the market include wired and wireless.
New installation and retrofit installation are the major installation types of smart lighting considered in the market report.
LED lamps, fluorescent lamps, compact fluorescent lamps, and high intensity discharge lamps, among others, are the leading light sources in the market.
The significant applications of smart lighting are commercial, residential, and public infrastructure, among others.
The leading players in the market are Signify S.A., Acuity Brands Lighting, Inc, Honeywell, Legrand S.A., OSRAM GmbH, Cree Lighting, and General Electric Company, among others.
Analyst Review
The global smart lighting market attained a value of USD 16.25 billion in 2023 driven by the rising modernisation of infrastructure. Aided by the reducing costs of LED and smart lighting systems, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 20%. The market is projected to reach USD 83.81 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on offering, the market can be segmented into hardware, software, and services. On the basis of communication technology, the market can be bifurcated into wired technology and wireless technology. By installation type, the industry can be categorised into new and retrofit installations. LED lamps, fluorescent lamps, compact fluorescent lamps, and high intensity discharge lamps, among others, are the major light sources in the market. Based on application segments, the market is divided into commercial, residential, and public infrastructure, among others. The major regional markets for smart lighting are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with the Asia Pacific accounting for the largest share of the market. The key players in the above market include Signify S.A., Acuity Brands Lighting, Inc, Honeywell, Legrand S.A., OSRAM GmbH, Cree Lighting, General Electric Company, and others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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