Global Smart Bulb Market Research Report 2023(Status and Outlook)

Global Smart Bulb Market Research Report 2023(Status and Outlook)

Report Overview

A smart bulb is an internet-capable LED light bulb that allows lighting to be customized, scheduled and controlled remotely. Smart bulbs are among the most immediately successful offerings in the growing category of home automation and Internet of Things (IoT) products.

China is the largest Smart Bulb market with about 36% market share. United States is follower, accounting for about 16% market share.

The key players are Philips Lighting, General Electric Company, LIFX (Buddy), OSRAM, Sengled, Cree, iLumi solutions, Feit Electric, Yeelight, TCP, Huawei, Revogi etc. Top 3 companies occupied about 42% market share.

The Global Smart Bulb Market Size was estimated at USD 434.7 million in 2022 and is projected to reach USD 868.91 million by 2029, exhibiting a CAGR of 10.40% during the forecast period.

Bosson Research’s latest report provides a deep insight into the global Smart Bulb market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Smart Bulb Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Smart Bulb market in any manner.

Global Smart Bulb Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Philips Lighting

General Electric Company

LIFX (Buddy)

OSRAM

Sengled

Cree

iLumi solutions

Feit Electric

Yeelight

TCP

Huawei

Revogi

Market Segmentation (by Type)

ZigBee

Wi-Fi

Bluetooth

Others

Market Segmentation (by Application)

Hospitals

Surgical centers

Research centers

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Smart Bulb Market

Overview of the regional outlook of the Smart Bulb Market:

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors