The Global Smart Lighting Market will Grow to USD 21.7 Billion by 2027, at a CAGR of 13% - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Smart Lighting Market: Trends, Opportunities and Competitive Analysis" report has been added to ResearchAndMarkets.com's offering.

The future of the smart lighting market looks promising with opportunities in the residential and commercial sector. The global smart lighting market is expected to reach an estimated $21.7 billion by 2027 and is forecast to grow at a CAGR of 13% from 2021 to 2027. The major drivers of growth for this market are the development of smart cities, increasing wireless technology, and increasing awareness towards energy saving.

Emerging trends, which have a direct impact on the dynamics of the industry, include the growing demand for IoT technology in the smart lighting system and the emergence of light fidelity (Li-Fi) technology in the field of smart lighting. CREE Inc, AMS, Signify N. V. , Zumtobel Group, Savant Systems, Inc., SemiLEDs Corporation are among the major smart lighting manufacturers.

A total of 103 figures/charts and 108 tables are provided in this 195-page report to help in your business decisions. To learn the scope of benefits, companies researched, and other details of the smart lighting market report, then you should read this report.

In this market, the control system is the largest product, whereas light emitting diode is the largest in source type. Growth in various segment of the smart lighting market are given below:

The study includes trends and forecasts for the global smart lighting market by product types, light source, communication technology, application, and region as follows:

By Product [$M shipment analysis for 2016-2027]:

By Light Source [$M shipment analysis for 2016-2027]:

By Communication Technology [$M shipment analysis for 2016-2027]:

By Application [$M shipment analysis for 2016-2027]:

By Region [$M shipment analysis for 2016-2027]:

The analyst forecasts that the control system is expected to remain the largest segment due to growth in home automation and improved energy efficiency. The analyst predicts that the demand for smart bulb is likely to experience the highest growth in the forecast period supported by growing demand for wireless technologies in smart cities.

Europe is expected to remain the largest market due to the growing standard of living and increasing automation in Germany, France, the and United Kingdom building and construction industries. The Asia Pacific is expected to witness the highest growth over the forecast period because of increasing government focus towards the growth in infrastructure and development of smart homes in China and India.

Features of Smart Lighting Market

Key Topics Covered:

1. Executive Summary

2. Market Background and Classifications

2.1: Introduction, Background, and Classifications

2.2: Supply Chain

2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2016 to 2027

3.1: Macroeconomic Trends (2016-2021) and Forecast (2022-2027)

3.2: Global Smart Lighting Market Trends (2016-2021) and Forecast (2022-2027)

3.3: Global Smart Lighting Market by Product Types

3.3.1: Smart Bulbs

3.3.2: Fixtures

3.3.3: Control System

3.3.3.1: Drivers and Ballasts

3.3.3.2: Switches and Dimmer Actuators

3.3.3.3: Sensors

3.3.3.4: Microcontrollers

3.3.3.5: Transmitters and Receivers

3.4: Global Smart Lighting Market by Light Sources

3.4.1: Light Emitting Diode

3.4.2: Fluorescent Lamps

3.4.3: High-Intensity Discharge Lamps

3.4.4: Others

3.5: Global Smart Lighting Market by Application

3.5.1: Indoor Lighting

3.5.1.1: Commercial

3.5.1.2: Residential

3.5.1.3: Industrial

3.5.1.4: Others

3.5.2: Outdoor Lighting

3.5.2.1: Highway and Roadway Lighting

3.5.2.2: Architectural Lighting

3.5.2.3: Lighting for Public Places

3.5.2.4: Others

3.6: Global Smart Lighting Market by Technology

3.6.1: Wired

3.6.1.1: Digital Addressable Lighting Interface (DALI)

3.6.1.2: Powerline Communication (PLC)

3.6.1.3: Power over Ethernet (PoE)

3.6.1.4: Wired Hybrid Protocols

3.6.1.5: Others

3.6.2: Wireless

3.6.2.1: Zigbee

3.6.2.2: Bluetooth

3.6.2.3: EnOcean

3.6.2.4Wi-Fi

3.6.2.5: Others

4. Market Trends and Forecast Analysis by Region from 2016 to 2027

4.1: Global Smart Lighting Market by Region

4.2: North American Smart Lighting Market

4.2.1: Market by Application: Indoor Lighting and Outdoor Lighting

4.2.2: The US Smart Lighting Market

4.2.3: The Canadian Smart Lighting Market

4.2.4: The Mexican Smart Lighting Market

4.3: European Smart Lighting Market

4.3.1: Market by Application: Indoor Lighting and Outdoor Lighting

4.3.2: United Kingdom Smart Lighting Market

4.3.3: German Smart Lighting Market

4.3.4: French Smart Lighting Market

4.4: APAC Smart Lighting Market

4.4.1: Market by Application: Indoor Lighting and Outdoor Lighting

4.4.2: Chinese Smart Lighting Market

4.4.3: Japanese Smart Lighting Market

4.4.4: Indian Smart Lighting Market

4.4.5: South Korean Smart Lighting Market

4.5: ROW Smart Lighting Market

4.5.1: Market by Application: Indoor Lighting and Outdoor Lighting

5. Competitor Analysis

5.1: Product Portfolio Analysis

5.2: Geographical Reach

5.3: Porter's Five Forces Analysis

6. Growth Opportunities and Strategic Analysis

6.1: Growth Opportunity Analysis

6.1.1: Growth Opportunities for the Global Smart Lighting Market by Product

6.1.2: Growth Opportunities for the Global Smart Lighting Market by Light Source

6.1.3: Growth Opportunities for the Global Smart Lighting Market by Communication Technology

6.1.4: Growth Opportunities for the Global Smart Lighting Market by Application

6.1.5: Growth Opportunities for the Global Smart Lighting Market by Region

6.2: Emerging Trends in the Global Smart Lighting Market

6.3: Strategic Analysis

6.3.1: New Product Development

6.3.2: Capacity Expansion of the Global Smart Lighting Market

6.3.3: Mergers and Acquisitions, and Joint Ventures in the Global Smart Lighting Industry

7. Company Profiles of Leading Players

Companies Mentioned

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