Market Research Report

A quick peek into the report

Smart Lighting Market - A Global Market and Regional Analysis

Focus on Smart Lighting Product and Application, Supply Chain Analysis, Country Analysis, and Impact of COVID-19 Period - Analysis and Forecast, 2019-2025

 
Some Faq's

Frequently Asked Questions

The smart lighting market is expected to reach $34,500.0 Million by the end of 2025.

Factors responsible for the market growth include prevailing issue of global energy crisis supporting the adoption of smart lighting, increasing trend of smart homes along with customization benefits supports smart lighting market, continually declining average selling price (ASP) of LED bulbs, and development of smart cities.

Factors challenging the growth of the market include security and privacy concerns, design challenges with led usage, consumers having to bear high replacement costs to switch from existing solutions to smart lighting, and lack of standards and the associated interoperability issues.

Possible opportunities that can boost the growth of the market include advancement in lighting control, integration of physical security industry with smart lighting, changing paradigm of lighting industry to electronics industry, adding voice control feature to the upcoming products, and consumer awareness for energy conservation.

Key companies that are operating in the market include Acuity Brands Inc., ams AG, CommScope Holding Company Inc., Control4 Corporation, General Electric Company, Honeywell International Inc., NXP Semiconductors NV, OSRAM Licht AG, Signify (Philips Lighting), and Zumtobel Group AG

Similar Product

You may also like

Next-Generation Automotive Lighting Market - A Global and Regional Analysis
Published Year: 2020

Next-Generation Automotive Lighting Market - A Global and Regional Analysis: Focus on Applications,

Next Generation Automotive Lighting Market Anticipated to Reach $12,080.7 Million by...

Global LED Grow Lights Market
Published Year: 2019

Global LED Grow Lights Market: Focus on Spectrum (Full PAR, Partial, Treatment), Application (Indoor

The LED Grow Lights Industry Analysis by BIS Research projects the market to grow at a...

Global Solar LED Street Lighting Market - Analysis and Forecast, 2018-2024
Published Year: 2018

Global Solar LED Street Lighting Market - Analysis and Forecast, 2018-2024: Focus on Configuration T

The global solar LED street lighting market is expected to grow at a CAGR of 16.5% in terms of...

Global Lighting as a Service Market - Analysis and Forecast (2018-2025)
Published Year: 2018

Global Lighting as a Service Market - Analysis and Forecast (2018-2025): Focus on Applications, Lead

The global lighting as a service market is expected to grow at a CAGR of 40.8% in the forecast...