Smart Lighting Market Size, Growth Trend Share & Analysis 2025

Smart Lighting Market to 2025 - Global Analysis and Forecasts by Lighting Types (Light Emitting Diode (LED) Lamp, Fluorescent Lamps, Compact Fluorescent Lamps (CFL), High Intensity Discharge Lamps, and Others (Neon Lamps and Photographic Flashes)); Application (Industrial Lighting, Residential Lighting, Commercial Lighting, Government, Outdoor Lighting, and Automotive Lighting) and Connectivity Technology (Wired and Wireless)

Publication Month : Oct 2016

  • Report Code : TIPTE100000112
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 198
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The Smart Lighting market accounted for US$ 10.55 Bn in 2015 and is expected to grow at a CAGR of 17.1% during the forecast period 2016 – 2025, to account for US$ 51.05 Bn in 2025.

The key factors driving the smart lighting market include growing awareness towards energy conservation, the long life span of LEDs and OLEDs, the rising popularity of wireless technology coupled with changing lifestyle, and decreasing price of LED lighting. At present, light is considered to consume approximately 20% of electricity production and 5% of CO2 emissions globally. At the same time, traditional lighting is accounted for the majority of electricity production in comparison to the latest LED lighting technology. Philips Lighting, subsidiary of Koninklijke Phillips NV has committed to becoming carbon neutral in the next few years. Philips is popular for making sustainable innovation for a healthier globe. Philips a global leader in lighting and smart lighting markets. In the recent past, Philips has received several projects for smart lighting, thereby promoting the adoption of smart lighting solutions worldwide.

Smart Lighting Market, By Region

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Smart Lighting Market Insights

Rising Popularity of Wireless Lighting Controls Coupled with Changing Lifestyles is fuelling the smart lighting market

Wireless connectivity is taking a leap over the wire abled connecting networks as wireless is more convenient to use. First, this technology was used in the telephones now called as the mobile phones, and since then the wireless technology has revolutionized the way things were viewed. Wireless technology has given its consumers freedom from a limited range of wired devices. The lighting industry has introduced a lighting solution integrated with the wireless technology that enables its consumers to control the lighting conveniently from their mobile phones sitting away from the place/house. Wireless technologies like Bluetooth, Wi-Fi, and RF Ids are experiencing high adoption rate among users. The rising popularity of wireless technology in lighting solution is thus considered to be one of the major reasons driving the smart lighting market

Price Reduction in LED Luminaires are driving the smart lighting market

Since the past few years the price of LED luminaires has reduced dramatically. The price of LED luminaires a decade ago was almost twice to thrice in comparison to the present day scenario. Furthermore, it is still expected to reduce and become as affordable as common fluorescent or incandescent lighting solutions without affecting its ability to reduce energy consumption by up to 70%. This reduction in price has taken place due to the slowing demand for LED luminaires in the market owing to their high prices. Thus, the manufacturers offered a competitive price, thereby leading to a dramatic reduction in the price of LED, in order to promote LED lighting solutions in the market. The efficacy of LED has been improving as its increased illuminating capacity per watt is resulting in better lighting source with lower energy consumption. A majority of the smart lighting market utilizes LED bulbs, the price reduction here would also affect the adoption of smart lighting solutions, in a way increasing its deployment rate globally and contributing to smart lighting market growth.

 Smart Lighting by Connectivity Technology

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Smart Lighting Market

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Smart Lighting Market: Strategic Insights

Market Size Value inUS$ 10.55 Billion in 2015
Market Size Value byUS$ 51.05 Billion by 2025
Growth rateCAGR of 17.1% from 2016-2025
Forecast Period2016-2025
Base Year2016
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The partnership and new product launch were observed as the most adopted strategy in the Global Smart Lighting Market. Few of the recent strategies by some of the players in the Smart Lighting Market landscape are listed below-

2016: Acuity Brands and Qualcomm collaborated to deploy Qualcomm Lumicast technology for indoor location services across more than 100 locations. This technology is capable of revolutionizing the use cases for navigation, advertising & promotions, customer services and further improving operational efficiencies in the environments such as the mall, museums, factories, retail stores, airports, warehouses, health care & educational institutes and enterprises.

2016: Daintree Networks and OSRAM Sylvania collaborated to promote Open Standard Wireless Lighting Control. This is expected to expand the convenience of open standards-based controllable luminaires and accelerates Enterprise-IoT. Its collaboration with OSRAM would help in catering the best interests of the customer.

2016: Samsung and Daintree collaborated to advance the smart building IoT combining Samsung’s SLM technology with Daintree Network’s ControlScope. This networked wireless control solution makes IoT applications probable for smart buildings.


By Lighting Type

  • Light Emitting Diode (LED) Lamp
  • Fluorescent Lamps
  • Compact Fluorescent Lamps (CFL)
  • High Intensity Discharge Lamps
  • Others

By Application

  • Industrial Lighting
  • Residential Lighting
  • Commercial Lighting
  • Government
  • Outdoor Lighting
  • Automotive Lighting
  • Connectivity Technology

By Connectivity Technology

  • Wired
  • Wireless

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • UK
    • Spain
    • Italy
  • Asia Pacific (APAC)
    • Australia
    • China
    • India
    • Japan
  • Middle East & Africa (MEA)
    • Saudi Arabia
    • South Africa
    • UAE
  • South America (SAM)
    • Brazil

Company Profiles

  • Acuity Brands Lighting Inc.
  • Daintree Networks, Inc.
  • Digital Lumens, Inc.
  • Eaton Corporation Plc
  • General Electric
  • Legrand SA
  • Lutron Electronics, Inc.
  • OSRAM GmbH
  • Koninklijke Philips N.V.
  • Sensity Systems, Inc.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Lighting Types Lamp ; Application and Connectivity Technology

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina

The List of Companies
  1. Koninklijke Philips N.V.
  2. Eaton Corporation PLC.
  3. Honeywell International Inc.
  4. Acuity Brands Lighting, Inc.
  5. Lutron Electronics Company Inc.
  6. Digital Lumens, Inc.
  7. Legrand SA
  8. General Electric Company
  9. Osram Licht AG
  10. Streetlight. Vision

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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