The global smart lighting market is expected to generate revenue worth $8.68 billion in 2018, and is projected to reach $38.68 billion by 2026, to register a CAGR of 20.5% during the forecast period. Smart lighting is designed to manage luminance using remote controls. Smart lighting ensures energy efficiency and includes automated control and highly efficient fixtures, which can adjust depending on conditions, such as occupancy and external lighting. Lighting is an intentional use of light to add practical and aesthetic effect to a space. Furthermore, these systems include general, accent, and task lighting. Besides this, smart lighting systems ensure lower energy usage and high cost savings.
The dynamics such as rise in demand for intelligent street lighting systems in developing and developed nations, growth in need for energy-efficient lighting systems for sustainable development, and high penetration of LED bulbs and lightnings, globally, drive the global smart lighting market. However, high installation cost and maintenance cost in smart lighting hamper the market growth. Furthermore, advancement in wireless communication technology, growth in developments of smart city projects, especially in Asia-Pacific, and emergence of IoT technology for smart lightning is expected to provide lucrative opportunities for the market growth.
The smart lighting market is segmented on the basis of offering, connectivity technology, lighting technology, application, and industrial vertical. Depending on offering, it is bifurcated into hardware and software. By connectivity technology, it is categorized into Bluetooth, Zigbee, WiFi, and DALI. On the basis of lighting technology, it is classified into LED, Halogen, incandescent, Fluorescent, and CFL.
The applications covered in the study include indoor and outdoor lighting. By industrial vertical, it is segmented into commercial, residential, industrial, automotive, and others. Region wise, it is analyzed across North America, Europe, Asia Pacific, and LAMEA.
Key players analyzed in the report include Acuity Brands, Inc., Cisco Systems, Inc., Cree, Inc., Eaton, Deco Lighting, Inc., Dialight, General Electric, Honeywell International Inc., Koninklijke Philips N.V., and Syska. These players have adopted various key strategies such as product launch, collaboration, partnership, acquisition, and agreements to drive the market and increase their net sales.
Furthermore, prominent strategies such as product launch and business expansion are adopted by leading players to strengthen their business reach and position in the global smart lighting sensor market. For instance, Philips Hue wireless lights, Hue light bulbs, use approximately five times less energy compared to traditional halogen light bulbs, which makes them eco-friendlier.
KEY MARKET SEGMENTS
By Offering
• Hardware
• Software
By Connectivity Technology
• Bluetooth
• Zigbee
• WiFi
• DALI
By Lighting Technology
• LED
• Halogen
• Incandescent
• Fluorescent
• CFL
By Region
• North America
o U.S.
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Russia
o Rest of Europe
• Asia-Pacific
o China
o India
o Japan
o Australia
o Rest of Asia-Pacific
• LAMEA
o Latin America
o Middle East
o Africa
Key Market Players
• Acuity Brands, Inc.
• Cisco Systems, Inc.
• Cree, Inc.
• Eaton
• Deco Lighting, Inc.
• Dialight
• General Electric
• Honeywell International Inc.
• Koninklijke Philips N.V.
• Syska
Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits For Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools And Models
Chapter 2: Executive Summary
2.1. Key Findings
2.1.1. Top Impacting Factors
2.1.2. Top Investment Pockets
2.2. Cxo Perspective
Chapter 3: Market Overview
3.1. Market Definition And Scope
3.2. Key Forces Shaping Smart Lighting Market
3.2.1. Moderate Bargaining Power Of Suppliers
3.2.2. High Threat Of New Entrants
3.2.3. Moderate Threat Of Substitutes
3.2.4. Moderate Intensity Of Rivalry
3.2.5. Moderate Bargaining Power Of Buyers
3.3. Market Dynamics
3.3.1. Drivers
3.3.1.1. Growing Demand Of Street Lighting System
3.3.1.2. Increasing Need For Energy-Efficient Lighting System
3.3.1.3. High Penetration Of Led Bulbs And Lightnings Globally
3.3.2. Restraints
3.3.2.1. High Installation And Maintenance Cost In Smart Lightning System
3.3.3. Opportunities
3.3.3.1. Emergence Of Iot & Ai Technology For Smart Lightning
3.3.3.2. Growing Developments In Smart City Projects, Especially In Apac
Chapter 4: Smart Lighting Market, By Offering
4.1. Overview
4.2. Hardware
4.2.1. Key Market Trends, Growth Factors And Opportunities
4.2.2. Market Size And Forecast, By Region
4.2.3. Market Analysis By Country
4.2.3.1. Lighting Control
4.2.3.2. Fixtures
4.2.3.3. Smart Bulbs
4.2.3.4. Sensors
4.3. Software
4.3.1. Key Market Trends, Growth Factors, And Opportunities
4.3.2. Market Size And Forecast, By Region
4.3.3. Market Analysis By Country
Chapter 5: Smart Lighting Market, By Connectivity Technology
5.1. Overview
5.2. Bluetooth
5.2.1. Key Market Trends, Growth Factors And Opportunities
5.2.2. Market Size And Forecast, By Region
5.2.3. Market Analysis By Country
5.3. Zigbee
5.3.1. Key Market Trends, Growth Factors And Opportunities
5.3.2. Market Size And Forecast, By Region
5.3.3. Market Analysis By Country
5.4. Wifi
5.4.1. Key Market Trends, Growth Factors And Opportunities
5.4.2. Market Size And Forecast, By Region
5.4.3. Market Analysis By Country
5.5. Dali
5.5.1. Key Market Trends, Growth Factors And Opportunities
5.5.2. Market Size And Forecast, By Region
5.5.3. Market Analysis By Country
5.6. Others
5.6.1. Key Market Trends, Growth Factors And Opportunities
5.6.2. Market Size And Forecast, By Region
5.6.3. Market Analysis By Country
Chapter 6: Smart Lighting Market, By Lighting Technology
6.1. Overview
6.2. Led
6.2.1. Key Market Trends, Growth Factors And Opportunities
6.2.2. Market Size And Forecast, By Region
6.2.3. Market Analysis By Country
6.3. Halogen
6.3.1. Key Market Trends, Growth Factors And Opportunities
6.3.2. Market Size And Forecast, By Region
6.3.3. Market Analysis By Country
6.4. Incandescent
6.4.1. Key Market Trends, Growth Factors And Opportunities
6.4.2. Market Size And Forecast, By Region
6.4.3. Market Analysis By Country
6.5. Fluorescent
6.5.1. Key Market Trends, Growth Factors And Opportunities
6.5.2. Market Size And Forecast, By Region
6.5.3. Market Analysis By Country
6.6. Cfl
6.6.1. Key Market Trends, Growth Factors And Opportunities
6.6.2. Market Size And Forecast, By Region
6.6.3. Market Analysis By Country
Chapter 7: Smart Lighting Market, By Application
7.1. Overview
7.2. Indoor Lighting
7.2.1. Key Market Trends, Growth Factors And Opportunities
7.2.2. Market Size And Forecast, By Region
7.2.3. Market Analysis By Country
7.3. Outdoor Lighting
7.3.1. Key Market Trends, Growth Factors And Opportunities
7.3.2. Market Size And Forecast, By Region
7.3.3. Market Analysis By Country
Chapter 8: Smart Lighting Market, By Industry Vertical
8.1. Overview
8.2. Residential
8.2.1. Key Market Trends, Growth Factors And Opportunities
8.2.2. Market Size And Forecast, By Region
8.2.3. Market Analysis By Country
8.3. Commercial
8.3.1. Key Market Trends, Growth Factors And Opportunities
8.3.2. Market Size And Forecast, By Region
8.3.3. Market Analysis By Country
8.4. Industrial
8.4.1. Key Market Trends, Growth Factors And Opportunities
8.4.2. Market Size And Forecast, By Region
8.4.3. Market Analysis By Country
8.5. Automotive
8.5.1. Key Market Trends, Growth Factors And Opportunities
8.5.2. Market Size And Forecast, By Region
8.5.3. Market Analysis By Country
8.6. Others
8.6.1. Key Market Trends, Growth Factors And Opportunities
8.6.2. Market Size And Forecast, By Region
8.6.3. Market Analysis By Country
Chapter 9: Smart Lighting Market, By Region
9.1. Overview
9.2. North America
9.2.1. Key Market Trends, Growth Factors And Opportunities
9.2.2. Market Size And Forecast, By Offering
9.2.3. Market Size And Forecast, By Lighting Technology
9.2.4. Market Size And Forecast, By Connectivity Technology
9.2.5. Market Size And Forecast, By Application
9.2.6. Market Size And Forecast, By Industry Vertical
9.2.7. Market Analysis By Country
9.2.7.1. U.S.
9.2.7.1.1. Market Size And Forecast, By Offering
9.2.7.1.2. Market Size And Forecast, By Lighting Technology
9.2.7.1.3. Market Size And Forecast, By Connectivity Technology
9.2.7.1.4. Market Size And Forecast, By Application
9.2.7.1.5. Market Size And Forecast, By Industrial Vertical
9.2.7.2. Canada
9.2.7.2.1. Market Size And Forecast, By Offering
9.2.7.2.2. Market Size And Forecast, By Lighting Technology
9.2.7.2.3. Market Size And Forecast, By Connectivity Technology
9.2.7.2.4. Market Size And Forecast, By Application
9.2.7.2.5. Market Size And Forecast, By Industrial Vertical
9.2.7.3. Mexico
9.2.7.3.1. Market Size And Forecast, By Offering
9.2.7.3.2. Market Size And Forecast, By Lighting Technology
9.2.7.3.3. Market Size And Forecast, By Connectivity Technology
9.2.7.3.4. Market Size And Forecast, By Application
9.2.7.3.5. Market Size And Forecast, By Industrial Vertical
9.3. Europe
9.3.1. Key Market Trends, Growth Factors And Opportunities
9.3.2. Market Size And Forecast, By Offering
9.3.3. Market Size And Forecast, By Lighting Technology
9.3.4. Market Size And Forecast, By Connectivity Technology
9.3.5. Market Size And Forecast, By Application
9.3.6. Market Size And Forecast, By Industry Vertical
9.3.7. Market Analysis By Country
9.3.7.1. Uk
9.3.7.1.1. Market Size And Forecast, By Offering
9.3.7.1.2. Market Size And Forecast, By Lighting Technology
9.3.7.1.3. Market Size And Forecast, By Connectivity Technology
9.3.7.1.4. Market Size And Forecast, By Application
9.3.7.1.5. Market Size And Forecast, By Industrial Vertical
9.3.7.2. Germany
9.3.7.2.1. Market Size And Forecast, By Offering
9.3.7.2.2. Market Size And Forecast, By Lighting Technology
9.3.7.2.3. Market Size And Forecast, By Connectivity Technology
9.3.7.2.4. Market Size And Forecast, By Application
9.3.7.2.5. Market Size And Forecast, By Industrial Vertical
9.3.7.3. France
9.3.7.3.1. Market Size And Forecast, By Offering
9.3.7.3.2. Market Size And Forecast, By Lighting Technology
9.3.7.3.3. Market Size And Forecast, By Connectivity Technology
9.3.7.3.4. Market Size And Forecast, By Application
9.3.7.3.5. Market Size And Forecast, By Industrial Vertical
9.3.7.4. Russia
9.3.7.4.1. Market Size And Forecast, By Offering
9.3.7.4.2. Market Size And Forecast, By Lighting Technology
9.3.7.4.3. Market Size And Forecast, By Connectivity Technology
9.3.7.4.4. Market Size And Forecast, By Application
9.3.7.4.5. Market Size And Forecast, By Industrial Vertical
9.3.7.5. Rest Of Europe
9.3.7.5.1. Market Size And Forecast, By Offering
9.3.7.5.2. Market Size And Forecast, By Lighting Technology
9.3.7.5.3. Market Size And Forecast, By Connectivity Technology
9.3.7.5.4. Market Size And Forecast, By Application
9.3.7.5.5. Market Size And Forecast, By Industrial Vertical
9.4. Asia-Pacific
9.4.1. Key Market Trends, Growth Factors And Opportunities
9.4.2. Market Size And Forecast, By Offering
9.4.3. Market Size And Forecast, By Lighting Technology
9.4.4. Market Size And Forecast, By Connectivity Technology
9.4.5. Market Size And Forecast, By Application
9.4.6. Market Size And Forecast, By Industry Vertical
9.4.7. Market Analysis By Country
9.4.7.1. China
9.4.7.1.1. Market Size And Forecast, By Offering
9.4.7.1.2. Market Size And Forecast, By Lighting Technology
9.4.7.1.3. Market Size And Forecast, By Connectivity Technology
9.4.7.1.4. Market Size And Forecast, By Application
9.4.7.1.5. Market Size And Forecast, By Industrial Vertical
9.4.7.2. Japan
9.4.7.2.1. Market Size And Forecast, By Offering
9.4.7.2.2. Market Size And Forecast, By Lighting Technology
9.4.7.2.3. Market Size And Forecast, By Connectivity Technology
9.4.7.2.4. Market Size And Forecast, By Application
9.4.7.2.5. Market Size And Forecast, By Industrial Vertical
9.4.7.3. India
9.4.7.3.1. Market Size And Forecast, By Offering
9.4.7.3.2. Market Size And Forecast, By Lighting Technology
9.4.7.3.3. Market Size And Forecast, By Connectivity Technology
9.4.7.3.4. Market Size And Forecast, By Application
9.4.7.3.5. Market Size And Forecast, By Industrial Vertical
9.4.7.4. Australia
9.4.7.4.1. Market Size And Forecast, By Offering
9.4.7.4.2. Market Size And Forecast, By Lighting Technology
9.4.7.4.3. Market Size And Forecast, By Connectivity Technology
9.4.7.4.4. Market Size And Forecast, By Application
9.4.7.4.5. Market Size And Forecast, By Industrial Vertical
9.4.7.5. Rest Of Asia-Pacific
9.4.7.5.1. Market Size And Forecast, By Offering
9.4.7.5.2. Market Size And Forecast, By Lighting Technology
9.4.7.5.3. Market Size And Forecast, By Connectivity Technology
9.4.7.5.4. Market Size And Forecast, By Application
9.4.7.5.5. Market Size And Forecast, By Industrial Vertical
9.5. Lamea
9.5.1. Key Market Trends, Growth Factors And Opportunities
9.5.2. Market Size And Forecast, By Offering
9.5.3. Market Size And Forecast, By Lighting Technology
9.5.4. Market Size And Forecast, By Connectivity Technology
9.5.5. Market Size And Forecast, By Application
9.5.6. Market Size And Forecast, By Industry Vertical
9.5.7. Market Analysis By Country
9.5.7.1. Latin America
9.5.7.1.1. Market Size And Forecast, By Offering
9.5.7.1.2. Market Size And Forecast, By Lighting Technology
9.5.7.1.3. Market Size And Forecast, By Connectivity Technology
9.5.7.1.4. Market Size And Forecast, By Application
9.5.7.1.5. Market Size And Forecast, By Industrial Vertical
9.5.7.2. Middle East
9.5.7.2.1. Market Size And Forecast, By Offering
9.5.7.2.2. Market Size And Forecast, By Lighting Technology
9.5.7.2.3. Market Size And Forecast, By Connectivity Technology
9.5.7.2.4. Market Size And Forecast, By Application
9.5.7.2.5. Market Size And Forecast, By Industrial Vertical
9.5.7.3. Africa
9.5.7.3.1. Market Size And Forecast, By Offering
9.5.7.3.2. Market Size And Forecast, By Lighting Technology
9.5.7.3.3. Market Size And Forecast, By Connectivity Technology
9.5.7.3.4. Market Size And Forecast, By Application
9.5.7.3.5. Market Size And Forecast, By Industrial Vertical
Chapter 10: Competitive Landscape
10.1. Top Winning Strategies
10.1.1. Top Winning Strategies, By Year
10.1.2. Top Winning Strategies, By Development
10.1.3. Top Winning Strategies, By Company
10.2. Product Mapping Of Top 10 Player
10.3. Competitive Dashboard
10.4. Competitive Heatmap
10.5. Key Developments
10.5.1. New Product Launches
10.5.2. Acquisiton
10.5.3. Mergers And Acquisition
10.5.4. Other Developments
Chapter 11: Company Profiles
11.1. Acuity Brands, Inc.
11.1.1. Company Overview
11.1.2. Company Snapshot
11.1.3. Product Portfolio
11.1.4. Business Performance
11.1.5. Key Strategic Moves And Developments
11.2. Cisco Systems, Inc.
11.2.1. Company Overview
11.2.2. Company Snapshot
11.2.3. Operating Business Segments
11.2.4. Product Portfolio
11.2.5. Business Performance
11.2.6. Key Strategic Moves And Developments
11.3. Cree, Inc.
11.3.1. Company Overview
11.3.2. Company Snapshot
11.3.3. Operating Business Segments
11.3.4. Product Portfolio
11.3.5. Business Performance
11.3.6. Key Strategic Moves And Developments
11.4. Eaton
11.4.1. Company Overview
11.4.2. Company Snapshot
11.4.3. Operating Business Segments
11.4.4. Product Portfolio
11.4.5. Business Performance
11.4.6. Key Strategic Moves And Developments
11.5. Deco Lighting, Inc.
11.5.1. Company Overview
11.5.2. Company Snapshot
11.5.3. Product Portfolio
11.5.4. Key Strategic Moves And Developments
11.6. Dialight
11.6.1. Company Overview
11.6.2. Company Snapshot
11.6.3. Operating Business Segments
11.6.4. Product Portfolio
11.6.5. Business Performance
11.6.6. Key Strategic Moves And Developments
11.7. General Electric
11.7.1. Company Overview
11.7.2. Company Snapshot
11.7.3. Operating Business Segments
11.7.4. Product Portfolio
11.7.5. Business Performance
11.7.6. Key Strategic Moves And Developments
11.8. Honeywell International Inc.
11.8.1. Company Overview
11.8.2. Company Snapshot
11.8.3. Operating Business Segments
11.8.4. Product Portfolio
11.8.5. Business Performance
11.8.6. Key Strategic Moves And Developments
11.9. Koninklijke Philips N.V.
11.9.1. Company Overview
11.9.2. Company Snapshot
11.9.3. Operating Business Segments
11.9.4. Product Portfolio
11.9.5. Business Performance
11.9.6. Key Strategic Moves And Developments
11.10. Syska
11.10.1. Company Overview
11.10.2. Company Snapshot
11.10.3. Product Portfolio
11.10.4. Key Strategic Moves And Developments
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