Overview

The smart lighting market is anticipated to grow by US$25 Billion by 2023 rapidly growing at a CAGR of 27% during the forecast period 2017 to 2023. The global smart lighting market is driven by growing demand for smart homes around the world and rise in the construction projects. These factors have helped shape the Smart Lighting Market and are expected to boost the growth. Companies in the smart lighting market could also face challenges such as lack of awareness and weak supply chain in some countries. The details covered in the smart lighting market report cover all the aspects of the industry. Analysts studying the smart lighting market have also shared growth projections in the report and have suggested smart lighting market players to plan business strategies accordingly.

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Regional Overview

Companies in the Smart Lighting Industry are spread across the world. The smart lighting market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American smart lighting market has many companies across the United States, Canada, and Mexico. The smart lighting market of the Middle East, Africa, and other regions has also been studied by analysts. The regional analysis of the smart lighting market can be found in the market research report. Europe has companies in the smart lighting market across Germany, France, Spain, Italy, and the United Kingdom. A detailed analysis of the Smart Lighting Market Analysis across India, China, and Japan in the Asia-Pacific region is also presented in the report.

Segmental Analysis

The global smart lighting market is segmented by type, communication technology, light source, software & service, and application. Based on the type segment, the market comprises fixtures smart bulbs, and lighting control. By the light source, the market comprises a LED light source, fluorescent light source, HID light source, and another light source. By the communication technology segment, the market comprises Wired Communication Technologies and Wireless Communication Technologies. By the software & service, the software is segmented into smartphone applications and by service into lighting as-a-service. By the application, the market is segmented into indoor and outdoor lighting.

Industry News

SLD Laser, a global pioneer in the corporatization of laser light techniques dependent on gallium nitride, completed its acquisition by KYOCERA Corporation of 100% control of SLD Laser. (formally named Soraa Laser Diode, Inc.). As a response, SLD Laser now has begun operations as a Kyocera group corporation under the title KYOCERA SLD Laser. KSLD will continue to be a leader in the future of lighting by designing, producing and selling advanced high-efficiency laser-based technologies for versatility, niche lighting, automotive and commercial applications.

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Competitive Analysis

The major market players operating in the global smart lighting market as identified by MRFR are Osram GmbH (Germany), Lutron Electronics Co. Inc. (U.S.), Daintree Networks (U.S.), Legrand S.A. (France), Bridgelux (U.S.), Echelon Corporation (U.S.), Koninklijke Philips N.V. (Netherland), Streetlight Vision (France), Zumtobel (Austria), and Honeywell (U.S) among others. ABB has collaborated with Signify to introduce a new range of smart light switches to go with Signify's intelligent lighting systems and provide seamless integration with Philips Hue, a lighting company. Furthermore. Australia's Sunshine Coast Council has contracted Telensa to install its smart street lighting system, World. The 24 month long project will see the area implementing intelligent lighting for economic, financial and social benefits.

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