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| Market size in 2024 | US$ 15.67 billion |
Forecast Market size by 2030 | US$ 32.45 billion |
|---|---|---|---|
| Growth Rate | CAGR of 12.9% | Number of Pages | 125 Pages |
The global Smart Lighting market size was valued at US$ 15.67 billion in 2024 and is projected to reach US$ 32.45 billion by 2030, at a CAGR of 12.9% during the forecast period 2024-2030.
The United States Smart Lighting market size was valued at US$ 4.56 billion in 2024 and is projected to reach US$ 9.23 billion by 2030, at a CAGR of 12.4% during the forecast period 2024-2030.
Smart Lighting systems combine LED technology with intelligent controls, enabling automated and connected lighting solutions for residential and commercial applications.
The global market is experiencing rapid growth, driven by smart home adoption and energy efficiency initiatives. In 2023, unit sales reached 250 million devices globally, with residential applications accounting for 45% of demand. The market saw a 50% increase in Matter-compatible device adoption in 2023. WiFi-based systems dominate with a 40% market share, while Thread/Matter enabled devices are growing at 25% annually. Europe leads with a 35% market share, while Asia Pacific is the fastest-growing region at 14.2% CAGR. The industry is focusing on developing AI-powered solutions, with a 55% growth in R&D investments for advanced control capabilities.
Report Overview
Smart lighting is lighting that you can control from an app, usually on your Apple or Android phone.
This report provides a deep insight into the global Smart Lighting 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, 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 Lighting 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 Lighting market in any manner.
Global Smart Lighting 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 Lighting
LIFX (Buddy)
OSRAM
Sengled
Cree
iLumi solutions
Feit Electric
Yeelight
TCP
Huawei
Revogi
Market Segmentation (by Type)
by type
Standard Bulbs
Candle Bulbs
Spotlights
Others
by technology
ZigBee
Wi-Fi
Bluetooth
Others
by Application
Market Segmentation (by Application)
Home
Office
Shop
Hospitality
Others
Geographic Segmentation
| Report Attributes | Report Details |
|---|---|
| Report Title | Smart Lighting Market, Global Outlook and Forecast 2024-2030 |
| Market size in 2024 | US$ 15.67 billion |
| Forecast Market size by 2030 | US$ 32.45 billion |
| Growth Rate | CAGR of 12.9% |
| Historical Year | 2018 to 2022 (Data from 2010 can be provided as per availability) |
| Base Year | 2023 |
| Forecast Year | 2031 |
| Number of Pages | 125 Pages |
| Customization Available | Yes, the report can be customized as per your need. |
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