Global Smart Lighting Market 2025-2029

Smart Lighting Market 2025-2029

The smart lighting market is forecasted to grow by USD 26399.5 mn during 2024-2029, accelerating at a CAGR of 18.5% during the forecast period. The report on the smart lighting market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by emergence of smart lighting, increasing adoption of leds, and rising need for light dimming.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

Technavio's smart lighting market is segmented as below:

By Application

• Commercial
• Residential
• Public infrastructure
• Others

By Component

• Hardware
• Software
• Services

By Geographical Landscape

• Europe
• North America
• APAC
• South America
• Middle East and Africa

This study identifies the advent of iot as one of the prime reasons driving the smart lighting market growth during the next few years. Also, emergence of human-centric lighting systems and zero-energy buildings will lead to sizable demand in the market.

The report on the smart lighting market covers the following areas:

• Smart Lighting Market sizing
• Smart Lighting Market forecast
• Smart Lighting Market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading smart lighting market vendors that include Acuity Brands Inc., Current Lighting Solutions LLC, Dialight PLC, Eaton Corp., Helvar Merca Oy Ab, Honeywell International Inc., Hubbell Inc., Ideal Industries Inc., Legrand SA, Leviton Manufacturing Co. Inc., Lightwaverf Technology Ltd., Lutron Electronics Co. Inc., OSRAM GmbH, RAB Lighting Inc., Savant Systems Inc., Siemens AG, Signify NV, Synapse Wireless Inc., Wipro Ltd., and Zumtobel Group AG. Also, the smart lighting market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth. Show more