Smart Lighting Market By Component (Hardware (Lamp, Luminaire), Software and Services) By Connectivity (Wired and Wireless) By Application (Indoor (Residential, Commercial and Industrial), Outdoor (Highways and Roadways, Architectural) and Others)-Growth, Share, Opportunities, and Competitive Analysis, 2016 – 2030

Published: | Report ID: 10266 | Report Format : PDF

Key Highlights of the report

How are the major segments performing in the smart lighting market?

  • In 2022, the hardware category accounted for the largest share of the market due to the rising use of smart lighting fixtures and bulbs that can be controlled with a smartphone or tablet to dim lights, change colors, and turn them on and off.
  • In 2022, the wireless category held a largest share. Consumers who require connections within a short distance strongly choose wireless connectivity in a smart lighting environment, making it the market category with the largest growth over the forecast period.
  • In 2022, the indoor category held a largest share. This expansion is mostly due to the business sector’s increased focus on green building construction and the installation of smart lighting, especially in emerging countries.

Which region dominated the smart lighting market?

In 2022, the Asia Pacific region was anticipated to hold a prominent share of the global smart lighting market because of increased demand from the commercial and residential application sectors. China is anticipated to provide the largest amount of money to global revenue and have the largest market share worldwide. Developing countries like Japan, India, and South Korea are anticipated to set the pace for adopting smart lighting as their economies expand, and investments in smart city initiatives rise. The developing lighting environment significantly impacts the need for smart lighting in the corporate sectors of Asia-Pacific.

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How is US market performing in the smart lighting market?

In 2022, the United States was anticipated to hold a prominent share of North America’s global smart lighting market. The rise in consumer disposable income is fueling the expansion of the market, resulting in a rise in the popularity of smart homes and the use of home automation systems to improve comfort, convenience, and security. Additionally, rising government spending on public infrastructure and programs to install smart LED lighting to enhance energy efficiency in the United States are also boosting market revenue growth. To some part, the market’s revenue growth is driven by the increased use of cutting-edge technologies by big, medium-sized, and small businesses for adaptable and efficient operations.

How is the economy impacting the global smart lighting growth?

COVID-19 has had a long-lasting impact on several industries, making it challenging for each company to boost sales and output. The smart lighting industry is anticipated to grow again in the first quarter of the following year. The market for smart lighting is attempting to assess the situation, make the necessary adjustments, and boost demand for the product overall. During the anticipated term, it is anticipated to grow significantly.

What is the competitive environment of the smart lighting market?

Key firms are using methods including investing in R&D, launching new products, and expanding technology to stand out as formidable rivals in the market. Established companies are involved in various research and development programs to create and introduce new, more effective products in the smart lighting market. For instance, in August 2021, a new line of Philips Smart Wi-Fi lights was introduced by Signify in India. Through the Wiz Smart Light Range, it expanded its Phillips Smart Wi-Fi ecosystem in India. The portfolio also has a brand-new intelligent LED downlighter, T-Bulb, T-Beamer, and Batten.

Executive Summary

What are the key trends in the smart lighting market?

  • Introduction of IoT in smart lighting will accelerate market growth: The emergence of IoT, one of the key trends in the market for smart lighting, will also fuel market expansion. The growth of wired, wireless, and sensor technologies has expanded the popularity of IoT in smart lighting solutions. Compared to conventional lighting solutions, smart lighting options, such as smart bulbs and luminaires, offer higher control and interaction. Smart lighting fixtures can generate data that can be utilized to reduce energy consumption thanks to IoT. Because IoT architectures exist, the development of smart device applications and cloud-connected lighting systems is hastened. Vendors use this to create cutting-edge IoT smart lighting systems for homes and businesses.

How had the market expanded due to the increased need for energy-efficient lighting?

Governments from different countries are focusing more on energy-efficient lighting systems that use less energy due to growing concerns about CO2 emissions from the electricity sector. There has been a significant shift in how governments worldwide invest in the power sector due to the rise in energy demand, which climbed by 4% globally in 2018, and the requirement to follow the IEA’s Sustainable Development Scenario (SDS). The IEA reports that global power investment in renewable energy sources climbed from 294 USD (2018) billion in 2013 to 317 USD (2018) billion in 2016. Energy-efficient lighting solutions, known to use less energy, are becoming more popular due to all these considerations. Smart lighting adjusts to varied lighting forms based on numerous parameters, which reduces energy waste. During the projected period, this aspect is thought to contribute significantly to the growth of the global market for smart lighting.

REPORT ATTRIBUTE DETAILS
Smart Lighting Market by Volume Yes
Smart Lighting Market by Value Yes
Smart Lighting Market, Tornado Analysis Yes
Smart Lighting Market, STAR Analysis Yes
Smart Lighting Market, SRC Analysis Yes
Smart Lighting Market, Import-Export Data Yes (On Demand)
Smart Lighting Market Pricing Analysis Yes (On Demand)
Smart Lighting Market Segment Analysis By Component (Hardware (Lamp, Luminaire), Software and Services)

By Connectivity (Wired and Wireless)

By Application (Indoor (Residential, Commercial and Industrial), Outdoor (Highways and Roadways, Architectural) and Others)

Smart Lighting Market, Regional Analysis North America (US and Canada)

Europe (Germany, UK, France, Italy, Spain, and Rest of Europe)

Asia Pacific (China, India, Japan, South Korea, South East Asia, and Rest of Asia Pacific)

Latin America (Brazil, Mexico, and Rest of Latin America)

Middle East and Africa (GCC Countries, South Africa, and Rest of Middle East and Africa)

Smart Lighting Market Key Companies Acuity Brands; Signify Holding; Honeywell International Inc.; Ideal Industries, Inc.; Häfele GmbH & Co KG; Wipro Consumer Lighting; YEELIGHT; Sengled Optoelectronics Co., Ltd.; and Verizon.
Smart Lighting Market Competitive Landscape Market Share Analysis

Competitive Benchmarking

Key Players Market Positioning

Geographical Presence Analysis

Major Strategies Adopted

Which are the key investments by the smart lighting market players?

The market is anticipated to increase due to rising investments in smart city initiatives. For instance, China has invested in over 500 smart city projects to enhance the quality of life for urban residents, increasing demand for intelligent and energy-efficient lighting fixtures, fittings, and related controls and software. Similar to other nations, the UAE has lofty plans to lead the world in sustainable energy, and this is motivating investment in energy-saving smart lighting technologies. The UAE’s Energy Strategy 2050 includes increasing the share of renewable energy to 50% of the nation’s total energy mix by that year as one of its main objectives.

Some major players in the smart lighting market are Acuity Brands; Signify Holding; Honeywell International Inc.; Ideal Industries, Inc.; Häfele GmbH & Co KG; Wipro Consumer Lighting; YEELIGHT; Sengled Optoelectronics Co., Ltd.; and Verizon.

What are the major driving factors for the smart lighting market?

One of the main reasons projected to drive the growth of the smart lighting market during the forecast period is the consistent influx of smart city initiatives in developing countries. The rising adoption of common protocols for lighting control systems is one of the additional projected development drivers for the market for smart lighting. The market for smart lighting is expected to rise, but the surge in demand for IoT-enabled lighting fixtures and smart lighting systems will constrain it. In the upcoming years, the expansion of the smart office and smart retail trends will also likely present further prospects for the growth of the market for smart lighting.

What are the major risks for the smart lighting market?

The increase in the starting expenses of smart lighting equipment and accessories is expected to hinder the market’s growth throughout that time period. Additionally, hacking is possible due to the usage of several electrical components and data transfer via Wi-Fi, Bluetooth, and other methods, which also limits market revenue growth. However, the disruption in the smart lighting supply chain brought on by COVID-19 could pose additional obstacles to the market’s expansion in the near future.

smart lighting market

Which is the key connectivity category in the smart lighting market?

The wireless category held the largest share in the market in 2022. Wireless technology streamlines installation and eliminates the need for additional control cords, enhancing preference and demand and propelling the segment’s revenue development. Without wires, hubs, or electrical boards, Bluetooth Mesh-enabled smart LED can be controlled remotely with a smartphone app. A faster information flow within businesses and between clients and businesses results from improved data communications. Additionally, Wi-Fi has been deployed in cafes, hotels, restaurants, airport departure lounges, and train stations to enable mobile users to connect to their homes and places of employment while traveling.

How is the smart lighting market performing in regions?

Europe market is anticipated to witness fastest growth in the global smart lighting market during the forecast period. To save energy and lower energy costs, nations like Germany, the U.K., and France are installing more smart LED lighting, propelling market revenue growth in the area. A portion of the market revenue growth in this region is driven by the introduction of connected city lighting solutions that connect street lamps to the IoT and include multi-level intelligent control. The construction of more office, retail, and entertainment buildings is increasing the demand for smart lighting, also boosting market revenue growth in this area.

What is the regulatory landscape for the smart lighting market?

Government laws worldwide that limit the use of antiquated lighting systems are driving the smart lighting business. Governments worldwide are attempting to phase out antiquated bulbs like incandescent and halogen lamps and promote environmentally sustainable lighting. According to new EU laws, compact fluorescent and tungsten halogen lighting usage will end throughout Europe by 2020. The Ecodesign Law in effect today stipulates that lamps must have a minimum energy consumption of 85 lumens and a maximum standby capacity of 0.5W. The sale of energy-efficient lighting will be encouraged as a result. The deployment of more energy-efficient lighting technology is being facilitated by governments all over the world through the provision of tax breaks and incentives.

What is the market size of smart lighting regarding value?

The global smart lighting market is anticipated to grow at a substantial CAGR of 20.90% in the upcoming years. The global smart lighting industry was estimated to be worth USD 11.5 billion in 2022 and was expected to be worth USD 43.4 billion by 2028.

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What are the major players planning for the future of the smart lighting market?

A significant revolution is currently taking place in the lighting business. As lighting becomes more intelligent, it involves more than simply sockets, switches, and bulbs. These sensor-integrated smart lighting solutions now monitor human activity, balance power supply and demand changes, and carry out many other tasks. Currently, smart lighting is powered by highly developed algorithms. The way the lighting sector operated a few years ago is also expected to change due to the emerging trend of smart cities working with data analytics.

Segmentation of Global Smart Lighting Market-

Global Smart Lighting Market – By Component

  • Hardware
    • Lamp
    • Luminaire
  • Software
  • Services

Global Smart Lighting Market – By Connectivity

  • Wired
  • Wireless

Global Smart Lighting Market – By Application

  • Indoor
    • Residential
    • Commercial and Industrial
  • Outdoor
    • Highways and Roadways
    • Architectural
  • Others

Global Smart lighting Market – By Region

  • North America
    • U.S
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Introduction
1.5. Market Research Scope

2. Executive Summary
2.1. Market Snapshot: Global Smart Lighting Market
2.2. Global Smart Lighting Market, By Component
2.3. Global Smart Lighting Market, By Connectivity
2.4. Global Smart Lighting Market, By Application
2.5. Global Smart Lighting Market, By Region

3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Smart Lighting Market Value, 2017-2030, (US$ Mn)
3.1.2. Y-o-Y Growth Trend Analysis
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.2.3. Market Opportunities
3.2.4. Major Industry Challenges
3.3. Growth and Development Patterns
3.4. Investment Feasibility Analysis
3.5. Market Opportunity Analysis
3.5.1. Component
3.5.2. Connectivity
3.5.3. Application
3.5.4. Geography

4. Premium Insights
4.1. STAR (Situation, Task, Action, Results) Analysis
4.2. Porter’s Five Forces Analysis
4.2.1. Threat of New Entrants
4.2.2. Bargaining Power of Buyers/Consumers
4.2.3. Bargaining Power of Suppliers
4.2.4. Threat of Substitute Type
4.2.5. Intensity of Competitive Rivalry
4.3. Key Market Trends
4.3.1. Demand Side Trends
4.3.2. Supply Side Trends
4.4. Value Chain Analysis
4.5. Material Analysis
4.6. Analysis and Recommendations
4.7. Marketing Strategy Analysis
4.7.1. Direct Marketing
4.7.2. Indirect Marketing
4.7.3. Marketing Channel Development Trend

5. Market Positioning of Key Players, 2022
5.1. Company market share of key players, 2022
5.2. Competitive Benchmarking
5.3. Market Positioning of Key Vendors
5.4. Geographical Presence Analysis
5.5. Major Strategies Adopted by Key Players
5.5.1. Key Strategies Analysis
5.5.2. Mergers and Acquisitions
5.5.3. Partnerships
5.5.4. Product Launch
5.5.5. Geographical Expansion
5.5.6. Others

6. Economic Impact Analysis
6.1. Recession Impact
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Latin America
6.1.5. Middle East and Africa
6.2. Ukraine-Russia War Impact
6.2.1. North America
6.2.2. Europe
6.2.3. Asia Pacific
6.2.4. Latin America
6.2.5. Middle East and Africa
6.3. COVID-19 Impact Analysis
6.3.1. North America
6.3.2. Europe
6.3.3. Asia Pacific
6.3.4. Latin America
6.3.5. Middle East and Africa

7. Global Smart Lighting Market
7.1. Global Smart Lighting Market, by Component, 2017-2030 (US$ Mn)
7.1.1. Overview
7.1.2. Global Smart Lighting Market, By Component, 2022 vs 2030 (in%)
7.1.3. Global Smart Lighting Market, By Hardware, 2017-2030 (US$ Mn)
7.1.4. Global Smart Lighting Market, By Software, 2017-2030 (US$ Mn)
7.1.5. Global Smart Lighting Market, By Services, 2017-2030 (US$ Mn)
7.2. Global Smart Lighting Market, by Connectivity, 2017-2030 (US$ Mn)
7.2.1. Overview
7.2.2. Global Smart Lighting Market, By Connectivity, 2022 vs 2030 (in%)
7.2.3. Global Smart Lighting Market, By Wired, 2017-2030 (US$ Mn)
7.2.4. Global Smart Lighting Market, By Wireless, 2017-2030 (US$ Mn)
7.3. Global Smart Lighting Market, by Application, 2017-2030 (US$ Mn)
7.3.1. Overview
7.3.2. Global Smart Lighting Market, By Application, 2022 vs 2030 (in%)
7.3.3. Global Smart Lighting Market, By Indoor, 2017-2030 (US$ Mn)
7.3.4. Global Smart Lighting Market, By Outdoor, 2017-2030 (US$ Mn)
7.3.5. Global Smart Lighting Market, By Others, 2017-2030 (US$ Mn)

8. North America Smart Lighting Market Analysis
8.1. North America Smart Lighting Market, by Component, 2017-2030(US$ Mn)
8.1.1. Overview
8.1.2. SRC Analysis
8.2. North America Smart Lighting Market, by Connectivity, 2017-2030(US$ Mn)
8.2.1. Overview
8.2.2. SRC Analysis
8.3. North America Smart Lighting Market, by Application, 2017-2030(US$ Mn)
8.3.1. Overview
8.3.2. SRC Analysis
8.4. North America Smart Lighting Market, by Country, 2017-2030 (US$ Mn)
8.4.1. U.S.
8.4.1.1. U.S. Smart Lighting Market Estimates and Forecast, 2017-2030 (US$ Mn)
8.4.1.2. U.S. Smart Lighting, By Component, 2017-2030 (US$ Mn)
8.4.1.3. U.S. Smart Lighting, By Connectivity, 2017-2030 (US$ Mn)
8.4.1.4. U.S. Smart Lighting, By Application, 2017-2030 (US$ Mn)
8.4.2. Canada
8.4.2.1. Canada Smart Lighting Market Estimates and Forecast, 2017-2030 (US$ Mn)
8.4.2.2. Canada Smart Lighting, By Component, 2017-2030 (US$ Mn)
8.4.2.3. Canada Smart Lighting, By Connectivity, 2017-2030 (US$ Mn)
8.4.2.4. Canada Smart Lighting, By Application, 2017-2030 (US$ Mn)

9. Europe Smart Lighting Market Analysis
9.1. Europe Smart Lighting Market, by Component, 2017-2030(US$ Mn)
9.1.1. Overview
9.1.2. SRC Analysis
9.2. Europe Smart Lighting Market, by Connectivity, 2017-2030(US$ Mn)
9.2.1. Overview
9.2.2. SRC Analysis
9.3. Europe Smart Lighting Market, by Application, 2017-2030(US$ Mn)
9.3.1. Overview
9.3.2. SRC Analysis
9.4. Europe Smart Lighting Market, by Country, 2017-2030 (US$ Mn)
9.4.1. Germany
9.4.1.1. Germany Smart Lighting Market Estimates and Forecast, 2017-2030 (US$ Mn)
9.4.1.2. Germany Smart Lighting, By Component, 2017-2030 (US$ Mn)
9.4.1.3. Germany Smart Lighting, By Connectivity, 2017-2030 (US$ Mn)
9.4.1.4. Germany Smart Lighting, By Application, 2017-2030 (US$ Mn)
9.4.2. France
9.4.2.1. France Smart Lighting Market Estimates and Forecast, 2017-2030 (US$ Mn)
9.4.2.2. France Smart Lighting, By Component, 2017-2030 (US$ Mn)
9.4.2.3. France Smart Lighting, By Connectivity, 2017-2030 (US$ Mn)
9.4.2.4. France Smart Lighting, By Application, 2017-2030 (US$ Mn)
9.4.3. UK
9.4.3.1. UK Smart Lighting Market Estimates and Forecast, 2017-2030 (US$ Mn)
9.4.3.2. UK Smart Lighting, By Component, 2017-2030 (US$ Mn)
9.4.3.3. UK Smart Lighting, By Connectivity, 2017-2030 (US$ Mn)
9.4.3.4. UK Smart Lighting, By Application, 2017-2030 (US$ Mn)
9.4.4. Italy
9.4.4.1. Italy Smart Lighting Market Estimates and Forecast, 2017-2030 (US$ Mn)
9.4.4.2. Italy Smart Lighting, By Component, 2017-2030 (US$ Mn)
9.4.4.3. Italy Smart Lighting, By Connectivity, 2017-2030 (US$ Mn)
9.4.4.4. Italy Smart Lighting, By Application, 2017-2030 (US$ Mn)
9.4.5. Spain
9.4.5.1. Spain Smart Lighting Market Estimates and Forecast, 2017-2030 (US$ Mn)
9.4.5.2. Spain Smart Lighting, By Component, 2017-2030 (US$ Mn)
9.4.5.3. Spain Smart Lighting, By Connectivity, 2017-2030 (US$ Mn)
9.4.5.4. Spain Smart Lighting, By Application, 2017-2030 (US$ Mn)
9.4.6. Rest of Europe
9.4.6.1. Rest of Europe Smart Lighting Market Estimates and Forecast, 2017-2030 (US$ Mn)
9.4.6.2. Rest of Europe Smart Lighting, By Component, 2017-2030 (US$ Mn)
9.4.6.3. Rest of Europe Smart Lighting, By Connectivity, 2017-2030 (US$ Mn)
9.4.6.4. Rest of Europe Smart Lighting, By Application, 2017-2030 (US$ Mn)

10. Asia Pacific Smart Lighting Market Analysis
10.1. Asia Pacific Smart Lighting Market, by Component, 2017-2030(US$ Mn)
10.1.1. Overview
10.1.2. SRC Analysis
10.2. Asia Pacific Smart Lighting Market, by Connectivity, 2017-2030(US$ Mn)
10.2.1. Overview
10.2.2. SRC Analysis
10.3. Asia Pacific Smart Lighting Market, by Application, 2017-2030(US$ Mn)
10.3.1. Overview
10.3.2. SRC Analysis
10.4. Asia Pacific Smart Lighting Market, by Country, 2017-2030 (US$ Mn)
10.4.1. China
10.4.1.1. China Smart Lighting Market Estimates and Forecast, 2017-2030 (US$ Mn)
10.4.1.2. China Smart Lighting, By Component, 2017-2030 (US$ Mn)
10.4.1.3. China Smart Lighting, By Connectivity, 2017-2030 (US$ Mn)
10.4.1.4. China Smart Lighting, By Application, 2017-2030 (US$ Mn)
10.4.2. Japan
10.4.2.1. Japan Smart Lighting Market Estimates and Forecast, 2017-2030 (US$ Mn)
10.4.2.2. Japan Smart Lighting, By Component, 2017-2030 (US$ Mn)
10.4.2.3. Japan Smart Lighting, By Connectivity, 2017-2030 (US$ Mn)
10.4.2.4. Japan Smart Lighting, By Application, 2017-2030 (US$ Mn)
10.4.3. India
10.4.3.1. India Smart Lighting Market Estimates and Forecast, 2017-2030 (US$ Mn)
10.4.3.2. India Smart Lighting, By Component, 2017-2030 (US$ Mn)
10.4.3.3. India Smart Lighting, By Connectivity, 2017-2030 (US$ Mn)
10.4.3.4. India Smart Lighting, By Application, 2017-2030 (US$ Mn)
10.4.4. South Korea
10.4.4.1. South Korea Smart Lighting Market Estimates and Forecast, 2017-2030 (US$ Mn)
10.4.4.2. South Korea Smart Lighting, By Component, 2017-2030 (US$ Mn)
10.4.4.3. South Korea Smart Lighting, By Connectivity, 2017-2030 (US$ Mn)
10.4.4.4. South Korea Smart Lighting, By Application, 2017-2030 (US$ Mn)
10.4.5. South-East Asia
10.4.5.1. South-East Asia Smart Lighting Market Estimates and Forecast, 2017-2030 (US$ Mn)
10.4.5.2. South-East Asia Smart Lighting, By Component, 2017-2030 (US$ Mn)
10.4.5.3. South-East Asia Smart Lighting, By Connectivity, 2017-2030 (US$ Mn)
10.4.5.4. South-East Asia Smart Lighting, By Application, 2017-2030 (US$ Mn)
10.4.6. Rest of Asia Pacific
10.4.6.1. Rest of Asia Pacific Smart Lighting Market Estimates and Forecast, 2017-2030 (US$ Mn)
10.4.6.2. Rest of Asia Pacific Smart Lighting, By Component, 2017-2030 (US$ Mn)
10.4.6.3. Rest of Asia Pacific Smart Lighting, By Connectivity, 2017-2030 (US$ Mn)
10.4.6.4. Rest of Asia Pacific Smart Lighting, By Application, 2017-2030 (US$ Mn)

11. Latin America Smart Lighting Market Analysis
11.1. Latin America Smart Lighting Market, by Component, 2017-2030(US$ Mn)
11.1.1. Overview
11.1.2. SRC Analysis
11.2. Latin America Smart Lighting Market, by Connectivity, 2017-2030(US$ Mn)
11.2.1. Overview
11.2.2. SRC Analysis
11.3. Latin America Smart Lighting Market, by Application, 2017-2030(US$ Mn)
11.3.1. Overview
11.3.2. SRC Analysis
11.4. Latin America Smart Lighting Market, by Country, 2017-2030 (US$ Mn)
11.4.1. Brazil
11.4.1.1. Brazil Smart Lighting Market Estimates and Forecast, 2017-2030 (US$ Mn)
11.4.1.2. Brazil Smart Lighting, By Component, 2017-2030 (US$ Mn)
11.4.1.3. Brazil Smart Lighting, By Connectivity, 2017-2030 (US$ Mn)
11.4.1.4. Brazil Smart Lighting, By Application, 2017-2030 (US$ Mn)
11.4.2. Mexico
11.4.2.1. Mexico Smart Lighting Market Estimates and Forecast, 2017-2030 (US$ Mn)
11.4.2.2. Mexico Smart Lighting, By Component, 2017-2030 (US$ Mn)
11.4.2.3. Mexico Smart Lighting, By Connectivity, 2017-2030 (US$ Mn)
11.4.2.4. Mexico Smart Lighting, By Application, 2017-2030 (US$ Mn)
11.4.3. Rest of Latin America
11.4.3.1. Rest of Latin America Smart Lighting Market Estimates and Forecast, 2017-2030 (US$ Mn)
11.4.3.2. Rest of Latin America Smart Lighting, By Component, 2017-2030 (US$ Mn)
11.4.3.3. Rest of Latin America Smart Lighting, By Connectivity, 2017-2030 (US$ Mn)
11.4.3.4. Rest of Latin America Smart Lighting, By Application, 2017-2030 (US$ Mn)

12. Middle East and Africa Smart Lighting Market Analysis
12.1. Middle East and Africa Smart Lighting Market, by Component, 2017-2030(US$ Mn)
12.1.1. Overview
12.1.2. SRC Analysis
12.2. Middle East and Africa Smart Lighting Market, by Connectivity, 2017-2030(US$ Mn)
12.2.1. Overview
12.2.2. SRC Analysis
12.3. Middle East and Africa Smart Lighting Market, by Application, 2017-2030(US$ Mn)
12.3.1. Overview
12.3.2. SRC Analysis
12.4. Middle East and Africa Smart Lighting Market, by Country, 2017-2030 (US$ Mn)
12.4.1. GCC Countries
12.4.1.1. GCC Countries Smart Lighting Market Estimates and Forecast, 2017-2030 (US$ Mn)
12.4.1.2. GCC Countries Smart Lighting, By Component, 2017-2030 (US$ Mn)
12.4.1.3. GCC Countries Smart Lighting, By Connectivity, 2017-2030 (US$ Mn)
12.4.1.4. GCC Countries Smart Lighting, By Application, 2017-2030 (US$ Mn)
12.4.2. South Africa
12.4.2.1. South Africa Smart Lighting Market Estimates and Forecast, 2017-2030 (US$ Mn)
12.4.2.2. South Africa Smart Lighting, By Component, 2017-2030 (US$ Mn)
12.4.2.3. South Africa Smart Lighting, By Connectivity, 2017-2030 (US$ Mn)
12.4.2.4. South Africa Smart Lighting, By Application, 2017-2030 (US$ Mn)
12.4.3. Rest of Middle East and Africa
12.4.3.1. Rest of Middle East and Africa Smart Lighting Market Estimates and Forecast, 2017-2030 (US$ Mn)
12.4.3.2. Rest of Middle East and Africa Smart Lighting, By Component, 2017-2030 (US$ Mn)
12.4.3.3. Rest of Middle East and Africa Smart Lighting, By Connectivity, 2017-2030 (US$ Mn)
12.4.3.4. Rest of Middle East and Africa Smart Lighting, By Application, 2017-2030 (US$ Mn)

13. Company Profiles
13.1. Acuity Brands
13.1.1. Company Overview
13.1.2. Products/Services Portfolio
13.1.3. Geographical Presence
13.1.4. Financial Summary
13.1.4.1. Market Revenue and Net Profit (2019-2022)
13.1.4.2. Business Segment Revenue Analysis
13.1.4.3. Geographical Revenue Analysis
13.2. Signify Holding
13.3. Honeywell International Inc.
13.4. Ideal Industries, Inc.
13.5. Häfele GmbH & Co KG
13.6. Wipro Consumer Lighting
13.7. YEELIGHT
13.8. Sengled Optoelectronics Co., Ltd.
13.9. Verizon

List of Figures
FIG. 1 Global Smart Lighting Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Smart Lighting Market Segmentation
FIG. 4 Global Smart Lighting Market, by Component, 2022 (US$ Mn)
FIG. 5 Global Smart Lighting Market, by Connectivity, 2022 (US$ Mn)
FIG. 6 Global Smart Lighting Market, by Application, 2022 (US$ Mn)
FIG. 7 Global Smart Lighting Market, by Geography, 2022 (US$ Mn)
FIG. 8 Attractive Investment Proposition, by Component, 2022
FIG. 9 Attractive Investment Proposition, by Connectivity, 2022
FIG. 10 Attractive Investment Proposition, by Application, 2022
FIG. 11 Attractive Investment Proposition, by Geography, 2022
FIG. 12 Global Market Share Analysis of Key Smart Lighting Market Manufacturers, 2022
FIG. 13 Global Market Positioning of Key Smart Lighting Market Manufacturers, 2022
FIG. 14 Global Smart Lighting Market Value Contribution, By Component, 2022 & 2030 (Value %)
FIG. 15 Global Smart Lighting Market, by Hardware, Value, 2017-2030 (US$ Mn)
FIG. 16 Global Smart Lighting Market, by Software, Value, 2017-2030 (US$ Mn)
FIG. 17 Global Smart Lighting Market, by Services , Value, 2017-2030 (US$ Mn)
FIG. 18 Global Smart Lighting Market Value Contribution, By Connectivity, 2022 & 2030 (Value %)
FIG. 19 Global Smart Lighting Market, by Wired, Value, 2017-2030 (US$ Mn)
FIG. 20 Global Smart Lighting Market, by Wireless, 2017-2030 (US$ Mn)
FIG. 21 Global Smart Lighting Market Value Contribution, By Application, 2022 & 2030 (Value %)
FIG. 22 Global Smart Lighting Market, by Indoor, Value, 2017-2030 (US$ Mn)
FIG. 23 Global Smart Lighting Market, by Outdoor, 2017-2030 (US$ Mn)
FIG. 24 Global Smart Lighting Market, by Others, 2017-2030 (US$ Mn)
FIG. 25 North America Smart Lighting Market, 2017-2030 (US$ Mn)
FIG. 26 U.S. Smart Lighting Market, 2017-2030 (US$ Mn)
FIG. 27 Canada Smart Lighting Market, 2017-2030 (US$ Mn)
FIG. 28 Europe Smart Lighting Market, 2017-2030 (US$ Mn)
FIG. 29 Germany Smart Lighting Market, 2017-2030 (US$ Mn)
FIG. 30 France Smart Lighting Market, 2017-2030 (US$ Mn)
FIG. 31 U.K. Smart Lighting Market, 2017-2030 (US$ Mn)
FIG. 32 Italy Smart Lighting Market, 2017-2030 (US$ Mn)
FIG. 33 Spain Smart Lighting Market, 2017-2030 (US$ Mn)
FIG. 34 Rest of Europe Smart Lighting Market, 2017-2030 (US$ Mn)
FIG. 35 Asia Pacific Smart Lighting Market, 2017-2030 (US$ Mn)
FIG. 36 China Smart Lighting Market, 2017-2030 (US$ Mn)
FIG. 37 Japan Smart Lighting Market, 2017-2030 (US$ Mn)
FIG. 38 India Smart Lighting Market, 2017-2030 (US$ Mn)
FIG. 39 South Korea Smart Lighting Market, 2017-2030 (US$ Mn)
FIG. 40 South-East Asia Smart Lighting Market, 2017-2030 (US$ Mn)
FIG. 41 Rest of Asia Pacific Smart Lighting Market, 2017-2030 (US$ Mn)
FIG. 42 Latin America Smart Lighting Market, 2017-2030 (US$ Mn)
FIG. 43 Brazil Smart Lighting Market, 2017-2030 (US$ Mn)
FIG. 44 Mexico Smart Lighting Market, 2017-2030 (US$ Mn)
FIG. 45 Rest of Latin America Smart Lighting Market, 2017-2030 (US$ Mn)
FIG. 46 Middle East & Africa Smart Lighting Market, 2017-2030 (US$ Mn)
FIG. 47 GCC Countries Smart Lighting Market, 2017-2030 (US$ Mn)
FIG. 48 South Africa Smart Lighting Market, 2017-2030 (US$ Mn)
FIG. 49 Rest of Middle East and Africa Smart Lighting Market, 2017-2030 (US$ Mn)

List of Tables
TABLE 1 Market Snapshot: Global Smart Lighting Market
TABLE 2 Global Smart Lighting Market, by Competitive Benchmarking, 2022
TABLE 3 Global Smart Lighting Market, by Geographical Presence Analysis, 2022
TABLE 4 Global Smart Lighting Market, by Key Strategies Analysis, 2022
TABLE 5 Global Smart Lighting Market, by Component, 2017-2030 (US$ Mn)
TABLE 6 Global Smart Lighting Market, by Connectivity, 2017-2030 (US$ Mn)
TABLE 7 Global Smart Lighting Market, by Application, 2017-2030 (US$ Mn)
TABLE 8 Global Smart Lighting Market, by Geography, 2017-2030 (US$ Mn)
TABLE 9 North America Smart Lighting Market, by Component, 2017-2030 (US$ Mn)
TABLE 10 North America Smart Lighting Market, by Connectivity, 2017-2030 (US$ Mn)
TABLE 11 North America Smart Lighting Market, by Application, 2017-2030 (US$ Mn)
TABLE 12 North America Smart Lighting Market, by Country, 2017-2030 (US$ Mn)
TABLE 13 US Smart Lighting Market, by Component, 2017-2030 (US$ Mn)
TABLE 14 US Smart Lighting Market, by Connectivity, 2017-2030 (US$ Mn)
TABLE 15 US Smart Lighting Market, by Application, 2017-2030 (US$ Mn)
TABLE 16 Canada Smart Lighting Market, by Component, 2017-2030 (US$ Mn)
TABLE 17 Canada Smart Lighting Market, by Connectivity, 2017-2030 (US$ Mn)
TABLE 18 Canada Smart Lighting Market, by Application, 2017-2030 (US$ Mn)
TABLE 19 Europe Smart Lighting Market, by Component, 2017-2030 (US$ Mn)
TABLE 20 Europe Smart Lighting Market, by Connectivity, 2017-2030 (US$ Mn)
TABLE 21 Europe Smart Lighting Market, by Application, 2017-2030 (US$ Mn)
TABLE 22 Europe Smart Lighting Market, by Country, 2017-2030 (US$ Mn)
TABLE 23 Germany Smart Lighting Market, by Component, 2017-2030 (US$ Mn)
TABLE 24 Germany Smart Lighting Market, by Connectivity, 2017-2030 (US$ Mn)
TABLE 25 Germany Smart Lighting Market, by Application, 2017-2030 (US$ Mn)
TABLE 26 France Smart Lighting Market, by Component, 2017-2030 (US$ Mn)
TABLE 27 France Smart Lighting Market, by Connectivity, 2017-2030 (US$ Mn)
TABLE 28 France Smart Lighting Market, by Application, 2017-2030 (US$ Mn)
TABLE 29 UK Smart Lighting Market, by Component, 2017-2030 (US$ Mn)
TABLE 30 UK Smart Lighting Market, by Connectivity, 2017-2030 (US$ Mn)
TABLE 31 UK Smart Lighting Market, by Application, 2017-2030 (US$ Mn)
TABLE 32 Italy Smart Lighting Market, by Component, 2017-2030 (US$ Mn)
TABLE 33 Italy Smart Lighting Market, by Connectivity, 2017-2030 (US$ Mn)
TABLE 34 Italy Smart Lighting Market, by Application, 2017-2030 (US$ Mn)
TABLE 35 Spain Smart Lighting Market, by Component, 2017-2030 (US$ Mn)
TABLE 36 Spain Smart Lighting Market, by Connectivity, 2017-2030 (US$ Mn)
TABLE 37 Spain Smart Lighting Market, by Application, 2017-2030 (US$ Mn)
TABLE 38 Rest of Europe Smart Lighting Market, by Component, 2017-2030 (US$ Mn)
TABLE 39 Rest of Europe Smart Lighting Market, by Connectivity, 2017-2030 (US$ Mn)
TABLE 40 Rest of Europe Smart Lighting Market, by Application, 2017-2030 (US$ Mn)
TABLE 41 Asia Pacific Smart Lighting Market, by Component, 2017-2030 (US$ Mn)
TABLE 42 Asia Pacific Smart Lighting Market, by Connectivity, 2017-2030 (US$ Mn)
TABLE 43 Asia Pacific Smart Lighting Market, by Application, 2017-2030 (US$ Mn)
TABLE 44 Asia Pacific Smart Lighting Market, by Country, 2017-2030 (US$ Mn)
TABLE 45 China Smart Lighting Market, by Component, 2017-2030 (US$ Mn)
TABLE 46 China Smart Lighting Market, by Connectivity, 2017-2030 (US$ Mn)
TABLE 47 China Smart Lighting Market, by Application, 2017-2030 (US$ Mn)
TABLE 48 Japan Smart Lighting Market, by Component, 2017-2030 (US$ Mn)
TABLE 49 Japan Smart Lighting Market, by Connectivity, 2017-2030 (US$ Mn)
TABLE 50 Japan Smart Lighting Market, by Application, 2017-2030 (US$ Mn)
TABLE 51 India Smart Lighting Market, by Component, 2017-2030 (US$ Mn)
TABLE 52 India Smart Lighting Market, by Connectivity, 2017-2030 (US$ Mn)
TABLE 53 India Smart Lighting Market, by Application, 2017-2030 (US$ Mn)
TABLE 54 South Korea Smart Lighting Market, by Component, 2017-2030 (US$ Mn)
TABLE 55 South Korea Smart Lighting Market, by Connectivity, 2017-2030 (US$ Mn)
TABLE 56 South Korea Smart Lighting Market, by Application, 2017-2030 (US$ Mn)
TABLE 57 South-East Asia Smart Lighting Market, by Component, 2017-2030 (US$ Mn)
TABLE 58 South-East Asia Smart Lighting Market, by Connectivity, 2017-2030 (US$ Mn)
TABLE 59 South-East Asia Smart Lighting Market, by Application, 2017-2030 (US$ Mn)
TABLE 60 Rest of Asia Pacific Smart Lighting Market, by Component, 2017-2030 (US$ Mn)
TABLE 61 Rest of Asia Pacific Smart Lighting Market, by Connectivity, 2017-2030 (US$ Mn)
TABLE 62 Rest of Asia Pacific Smart Lighting Market, by Application, 2017-2030 (US$ Mn)
TABLE 63 Latin America Smart Lighting Market, by Component, 2017-2030 (US$ Mn)
TABLE 64 Latin America Smart Lighting Market, by Connectivity, 2017-2030 (US$ Mn)
TABLE 65 Latin America Smart Lighting Market, by Application, 2017-2030 (US$ Mn)
TABLE 66 Latin America Smart Lighting Market, by Country, 2017-2030 (US$ Mn)
TABLE 67 Brazil Smart Lighting Market, by Component, 2017-2030 (US$ Mn)
TABLE 68 Brazil Smart Lighting Market, by Connectivity, 2017-2030 (US$ Mn)
TABLE 69 Brazil Smart Lighting Market, by Application, 2017-2030 (US$ Mn)
TABLE 70 Mexico Smart Lighting Market, by Component, 2017-2030 (US$ Mn)
TABLE 71 Mexico Smart Lighting Market, by Connectivity, 2017-2030 (US$ Mn)
TABLE 72 Mexico Smart Lighting Market, by Application, 2017-2030 (US$ Mn)
TABLE 73 Rest of Latin America Smart Lighting Market, by Component, 2017-2030 (US$ Mn)
TABLE 74 Rest of Latin America Smart Lighting Market, by Connectivity, 2017-2030 (US$ Mn)
TABLE 75 Rest of Latin America Smart Lighting Market, by Application, 2017-2030 (US$ Mn)
TABLE 76 Middle East and Africa Smart Lighting Market, by Component, 2017-2030 (US$ Mn)
TABLE 77 Middle East and Africa Smart Lighting Market, by Connectivity, 2017-2030 (US$ Mn)
TABLE 78 Middle East and Africa Smart Lighting Market, by Application, 2017-2030 (US$ Mn)
TABLE 79 Middle East and Africa Smart Lighting Market, by Country, 2017-2030 (US$ Mn)
TABLE 80 GCC Countries Smart Lighting Market, by Component, 2017-2030 (US$ Mn)
TABLE 81 GCC Countries Smart Lighting Market, by Connectivity, 2017-2030 (US$ Mn)
TABLE 82 GCC Countries Smart Lighting Market, by Application, 2017-2030 (US$ Mn)
TABLE 83 South Africa Smart Lighting Market, by Component, 2017-2030 (US$ Mn)
TABLE 84 South Africa Smart Lighting Market, by Connectivity, 2017-2030 (US$ Mn)
TABLE 85 South Africa Smart Lighting Market, by Application, 2017-2030 (US$ Mn)
TABLE 86 Rest of Middle East and Africa Smart Lighting Market, by Component, 2017-2030 (US$ Mn)
TABLE 87 Rest of Middle East and Africa Smart Lighting Market, by Connectivity, 2017-2030 (US$ Mn)
TABLE 88 Rest of Middle East and Africa Smart Lighting Market, by Application, 2017-2030 (US$ Mn)

Frequently Asked Questions:

How does COVID-19 Impact the global smart lighting market?

The COVID-19 pandemic has been problematic for smart lighting firms since it has disrupted construction and the supply of raw materials and caused lockdown.

Which is the leading region of the market for smart lighting?

Asia Pacific accounted for the most heightened share in the global smart lighting market.

What are the key drivers for the growth of the smart lighting market?

One of the main reasons projected to drive the growth of the smart lighting market during the forecast period is the consistent influx of smart city initiatives in developing countries.

Which is the major segment in the smart lighting market by component?

The hardware segment had a major share in the global market in 2022.

Which is the major segment in the smart lighting market by indoor?

The indoor segment had a major share in the global market.

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