Smart Lighting Market – Global Forecast To 2030
스마트 조명 시장 – 조명기구, 조명 제어, LED 드라이버 및 밸러스트, 센서, 스위치, 게이트웨이, 조광기, 릴레이 유닛, DALI, Power over Ethernet (PoE), 전력선 통신 (PLC), Zigbee – 2030년까지의 세계 전망
Smart Lighting Market by Lights and Luminaire, Lighting Controls, LED Drivers and Ballasts, Sensors, Switches, Gateways, Dimmers, Relay Units, DALI, Power over Ethernet (PoE), Power Line Communications (PLC) and Zigbee – Global Forecast to 2030
| 조사회사 | MarketsandMarkets |
| 출판년월 | 2025년3월 |
| 페이지 수 | 305 |
| 도표 수 | 299 |
| 라이센스 | Single User License |
| 가격 | USD 4,950 |
| 구성 | 영문조사보고서 |
Report Overview
The global smart lighting market was valued at USD 9.86 billion in 2025 and is projected to reach USD 17.38 billion by 2030; it is expected to register a CAGR of 12.0% during the forecast period.
세계의 스마트 조명 시장은 2025년에 98억 6,000만 달러로 평가되고, 2030년까지 173억 8,000만 달러에 이를 것으로 예측되고 있으며, 예측 기간 중에 12.0%의 CAGR을 기록할 것으로 기대되고 있습니다.
The increasing adoption of LED lighting and luminaires in outdoor applications, growing penetration of data analytics in smart lighting, emerging smart offices and smart retail trends, rising adoption of human-centric lighting, and development of solar-powered and hybrid smart lighting solutions are the major drivers contributing to the market growth.
옥외 응용 분야에서 LED 조명 및 조명기구 채택 증가, 스마트 조명에서 데이터 분석 침투 확대, 스마트 오피스 및 스마트 소매 트렌드의 상승, 인간 중심 조명 채택 증가, 태양광 발전 및 하이브리드 스마트 조명 솔루션 개발은 시장 성장에 기여하는 주요 원동력입니다.
“The outdoor application segment is expected to grow at the highest CAGR during the forecast period”
Outdoor application is expected to witness the highest CAGR in the smart lighting market due to increased investments in urban safety initiatives, smart city infrastructure, and mass-level public lighting deployments that are energy-efficient. Governments and local city authorities across the world are retrofitting conventional streetlights with adaptive smart lighting, offering features like remote monitoring, dimmable control, and motion sensing to optimize power utilization. Further, growing concern about enhancing outdoor safety in residential and commercial sectors is driving the demand for smart lighting systems accompanied by surveillance and IoT-based monitoring systems.
“Offline distribution channel segment likely to lead the smart lighting market during the forecast period”
The offline distribution channel is expected to lead the market during the forecast period. Smart lighting consumers continue to use physical channels as their preferred choice for purchase as these channels enable personal interactions while providing firsthand product examinations. The majority of customers prefer to buy smart lighting products through retail outlets or dealerships because they want a firsthand demonstration of products that come with expert advice on quality and selection. Complex smart lighting solutions need specialized installation support which makes offline distribution channels fundamental for customer satisfaction. Moreover, professional customers, like contractors and architects, tend to depend on offline wholesalers and distributors when making bulk orders, tailor-made solutions, and after-sales service.
“India is likely to grow at the highest CAGR during the forecast period”
India is expected to have the highest CAGR in the Asia Pacific smart lighting market owing to fast urbanization, government policies supporting energy efficiency, and smart city projects on a large scale. The government of India has launched several schemes and initiatives to promote energy-efficient lighting; for instance, the Indian government’s Street Lighting National Programme (SLNP) has already seen millions of LED streetlights installed, providing a solid base for increased adoption of smart lighting. The increasing IoT and automation penetration in industrial and commercial sectors drive the need for intelligent connected lighting systems that incorporate sensors and artificial intelligence-based control mechanisms. Moreover, the rapid adoption of smart lighting in residential properties continues as LED prices decrease and residents realize the benefits of energy-efficient lighting.
Breakdown of primaries
The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:
- By Company Type – Tier 1 – 55%, Tier 2 – 25%, Tier 3 – 20%
- By Designation— Directors – 50%, Managers – 30%, Others – 20%
- By Region—North America – 40%, Europe – 35%, Asia Pacific – 20%, RoW – 05%
The smart lighting market is dominated by a few globally established players: Signify Holding (Netherlands), Acuity Brands, Inc. (US), Panasonic Holdings Corporation (Japan), Legrand (France), Zumtobel Group (Austria), and ams-OSRAM AG (Austria), among others. The study includes an in-depth competitive analysis of these key players in the smart lighting market, with their company profiles, recent developments, and key market strategies.
Research Coverage:
The report segments the smart lighting market and forecasts its size by offering, installation type, end-use application, distribution channel, communication technology, and region. The report also discusses the drivers, restraints, opportunities, and challenges pertaining to the market. It gives a detailed view of the market across four main regions—Americas, Europe, Asia Pacific, and RoW. Value chain analysis has been included in the report, along with the key players and their competitive analysis in the smart lighting ecosystem.
Key Benefits to Buy the Report:
- Analysis of key drivers (rising adoption of LED lighting and luminaire in outdoor applications, increasing penetration of data analytics in smart lighting, rising smart city initiatives across the globe, advances in AI and Edge computing, establishment of standard and digital protocols by authorized bodies, growing demand for IoT-integrated smart lighting), Restraint (cybersecurity concerns associated with internet-connected lighting systems, difficulties associated with retrofitting traditional lighting systems), Opportunity (development of solar-powered and hybrid smart lighting solutions, emerging smart office and smart retail trends, growing adoption of human-centric lighting, growing adoption of PoE-based lighting solutions in commercial and healthcare applications, increasing demand for personalized lighting control solutions), Challenges (high upfront cost of equipment and accessories, interoperability and compatibility issues)
- Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the smart lighting market
- Market Development: Comprehensive information about lucrative markets – the report analyses the smart lighting market across varied regions
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the smart lighting market
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and offerings of leading players like Signify Holding (Netherlands), Acuity Brands, Inc. (US), Panasonic Holdings Corporation (Japan), Legrand (France), Zumtobel Group (Austria), ams-OSRAM AG (Austria), LEDVANCE GmbH (Germany, and Honeywell International (US) among others in the smart lighting market
Table of Contents
1 INTRODUCTION 27
1.1 STUDY OBJECTIVES 27
1.2 MARKET DEFINITION 28
1.3 STUDY SCOPE 29
1.3.1 MARKETS COVERED 29
1.3.2 INCLUSIONS & EXCLUSIONS 30
1.3.3 YEARS CONSIDERED 30
1.3.4 CURRENCY CONSIDERED 31
1.3.5 UNIT CONSIDERED 31
1.4 LIMITATIONS 31
1.5 STAKEHOLDERS 31
1.6 SUMMARY OF CHANGES 32
2 RESEARCH METHODOLOGY 33
2.1 RESEARCH DATA 33
2.1.1 SECONDARY DATA 34
2.1.1.1 Key data from secondary sources 34
2.1.1.2 Key secondary sources 34
2.1.2 PRIMARY DATA 35
2.1.2.1 Key data from primary sources 35
2.1.2.2 Key participants in primary interviews 36
2.1.2.3 Breakdown of primary interviews 36
2.1.2.4 Insights of industry experts 36
2.1.3 SECONDARY AND PRIMARY RESEARCH 37
2.2 MARKET SIZE ESTIMATION 37
2.2.1 BOTTOM-UP APPROACH 39
2.2.1.1 Approach to derive market size using bottom-up analysis 39
2.2.2 TOP-DOWN APPROACH 40
2.2.2.1 Approach to derive market size using top-down analysis 40
2.3 MARKET SHARE ESTIMATION 41
2.4 DATA TRIANGULATION 41
2.5 RISK ASSESSMENT 42
2.6 RESEARCH ASSUMPTIONS AND LIMITATIONS 44
2.6.1 RESEARCH ASSUMPTIONS 44
2.6.2 RESEARCH LIMITATIONS 44
3 EXECUTIVE SUMMARY 45
4 PREMIUM INSIGHTS 51
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN SMART LIGHTING MARKET 51
4.2 SMART LIGHTING MARKET, BY INSTALLATION TYPE 51
4.3 SMART LIGHTING MARKET, BY END-USE APPLICATION 52
4.4 SMART LIGHTING MARKET, BY OFFERING 52
4.5 SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY 53
4.6 SMART LIGHTING MARKET, BY DISTRIBUTION CHANNEL 53
4.7 SMART LIGHTING MARKET, BY REGION 54
5 MARKET OVERVIEW 55
5.1 INTRODUCTION 55
5.2 MARKET DYNAMICS 56
5.2.1 DRIVERS 56
5.2.1.1 Rising smart city initiatives globally 56
5.2.1.2 Advancements in Artificial Intelligence (AI) and edge computing technologies 57
5.2.1.3 Establishment of standard and digital protocols by authorized bodies 58
5.2.1.4 Growing demand for Internet of Things (IoT)-integrated smart lighting solutions 58
5.2.1.5 Rising adoption of LED lights and luminaires in outdoor applications 59
5.2.1.6 Increasing incorporation of data analytics into smart lighting 59
5.2.2 RESTRAINTS 60
5.2.2.1 Cybersecurity concerns associated with internet-connected lighting systems 60
5.2.2.2 Difficulties associated with retrofitting of traditional lighting infrastructure 61
5.2.3 OPPORTUNITIES 62
5.2.3.1 Development of solar-powered and hybrid smart lighting solutions 62
5.2.3.2 Emerging smart office and smart retail trends 62
5.2.3.3 Rising adoption of human-centric lighting solutions 63
5.2.3.4 Growing adoption of Power over Ethernet (PoE)-based lighting solutions in commercial and healthcare applications 63
5.2.3.5 Increasing demand for personalized lighting control solutions 63
5.2.4 CHALLENGES 64
5.2.4.1 High upfront costs of equipment and accessories 64
5.2.4.2 Interoperability and compatibility issues 65
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 66
5.4 PRICING ANALYSIS 66
5.4.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY OFFERING, 2024 67
5.4.2 AVERAGE SELLING PRICE TREND, BY REGION, 2020–2024 68
5.5 VALUE CHAIN ANALYSIS 69
5.6 ECOSYSTEM ANALYSIS 70
5.7 INVESTMENT AND FUNDING SCENARIO 72
5.8 TECHNOLOGY ANALYSIS 73
5.8.1 KEY TECHNOLOGIES 73
5.8.1.1 Internet of Things (IoT) 73
5.8.1.2 Communication protocols 73
5.8.1.3 Smart sensors 74
5.8.2 COMPLEMENTARY TECHNOLOGIES 75
5.8.2.1 Artificial Intelligence (AI) and Machine Learning (ML) 75
5.8.2.2 Light fidelity (Li-Fi) 76
5.8.2.3 Geofencing technology 76
5.8.3 ADJACENT TECHNOLOGIES 77
5.8.3.1 Building management system (BMS) 77
5.8.3.2 5G infrastructure 77
5.9 PATENT ANALYSIS 78
5.10 TRADE ANALYSIS 82
5.10.1 IMPORT SCENARIO (HS CODE 9405) 82
5.10.2 EXPORT SCENARIO (HS CODE 9405) 83
5.11 KEY CONFERENCES AND EVENTS, 2025–2026 84
5.12 CASE STUDY ANALYSIS 86
5.12.1 ULINE USES CREE LIGHTING LUMINAIRES INTEGRATED WITH SYNAPSE SIMPLYSNAP CONTROLS TO HELP ACHIEVE OPERATIONAL EXCELLENCE
AND RELIABILITY 86
5.12.2 GERMAN MUNICIPALITY IMPLEMENTS SIGNIFY HOLDING’S BRIGHTSITES SOLUTION TO ADVANCE SMART CITY GOALS 86
5.12.3 HONEYWELL INTERNATIONAL INC. ESTABLISHES NEW AIRFIELD GROUND LIGHT MANUFACTURING FACILITY IN INDIA 87
5.13 TARIFF AND REGULATORY LANDSCAPE 87
5.13.1 TARIFF ANALYSIS 87
5.13.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 88
5.13.3 REGULATIONS 90
5.13.3.1 Restriction of Hazardous Substances (ROHS) and Waste Electrical and Electronic Equipment (WEEE) 90
5.13.3.2 Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) 91
5.13.3.3 United Nations Framework Convention on Climate Change (UNFCCC) 91
5.13.3.4 General Data Protection Regulation (GDPR) 91
5.14 PORTER’S FIVE FORCES ANALYSIS 92
5.14.1 INTENSITY OF COMPETITIVE RIVALRY 93
5.14.2 THREAT OF NEW ENTRANTS 93
5.14.3 THREAT OF SUBSTITUTES 93
5.14.4 BARGAINING POWER OF BUYERS 94
5.14.5 BARGAINING POWER OF SUPPLIERS 94
5.15 KEY STAKEHOLDERS AND BUYING CRITERIA 94
5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS 95
5.15.2 BUYING CRITERIA 95
5.16 IMPACT OF AI/GEN AI ON SMART LIGHTING MARKET 96
6 SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY 98
6.1 INTRODUCTION 99
6.2 WIRED 100
6.2.1 DALI 102
6.2.1.1 Offers versatility and greater energy savings 102
6.2.2 POWER OVER ETHERNET (POE) 102
6.2.2.1 Used to power devices through Ethernet cables 102
6.2.3 POWER LINE COMMUNICATIONS (PLCS) 103
6.2.3.1 Help improve connectivity between lighting solutions 103
6.2.4 WIRED HYBRID PROTOCOLS 103
6.2.4.1 Ensure security and isolation of control systems 103
6.3 WIRELESS 104
6.3.1 ZIGBEE 105
6.3.1.1 Serves low-power wireless IoT networks 105
6.3.2 WI-FI 106
6.3.2.1 Facilitates direct device-to-device connections 106
6.3.3 BLE 106
6.3.3.1 Enhances user mobility by eliminating cables 106
6.3.4 ENOCEAN 107
6.3.4.1 Enables prolonged communication without need for recharging 107
6.3.5 6LOWPAN 107
6.3.5.1 Facilitates communication for devices with limited processing capabilities 107
6.3.6 WIRELESS HYBRID PROTOCOLS 108
6.3.6.1 Improve data transmission through proactive and reactive routing 108
7 SMART LIGHTING MARKET, BY END-USE APPLICATION 109
7.1 INTRODUCTION 110
7.2 INDOOR 111
7.2.1 COMMERCIAL 112
7.2.1.1 Increasing demand from corporate offices to drive growth 112
7.2.2 INDUSTRIAL 113
7.2.2.1 Rising demand for enhanced safety and productivity to drive market 113
7.2.3 RESIDENTIAL 114
7.2.3.1 Growing demand for smart home solutions to boost market 114
7.2.4 OTHERS 114
7.3 OUTDOOR 115
7.3.1 HIGHWAYS AND ROADWAYS LIGHTING 116
7.3.1.1 Growing need for connected street lighting systems to fuel growth 116
7.3.2 ARCHITECTURAL LIGHTING 117
7.3.2.1 Increasing proliferation of human-centric lighting to drive demand 117
7.3.3 LIGHTING FOR PUBLIC PLACES 118
7.3.3.1 Growing need to enhance safety and security to drive growth 118
8 SMART LIGHTING MARKET, BY DISTRIBUTION CHANNEL 119
8.1 INTRODUCTION 120
8.2 OFFLINE SALES 121
8.2.1 EXPANSION OF SMART CITY PROJECTS AND COMMERCIAL RETROFITTING TO FUEL DEMAND 121
8.3 ONLINE SALES 122
8.3.1 WIDER PRODUCT AVAILABILITY, COMPETITIVE PRICING, CONVENIENCE,
AND DETAILED PRODUCT COMPARISONS TO DRIVE MARKET 122
9 SMART LIGHTING MARKET, BY OFFERING 124
9.1 INTRODUCTION 125
9.2 HARDWARE 126
9.2.1 LIGHTS AND LUMINAIRES 129
9.2.1.1 Increasing adoption of energy-efficient LED luminaires, rising smart home penetration, and large-scale infrastructure projects to boost demand 129
9.2.2 LIGHTING CONTROLS 130
9.2.2.1 LED drivers and ballasts 132
9.2.2.1.1 Ability of programmable and adaptive LED to enhance energy efficiency and extend the lifespan of LED luminaires to drive growth 132
9.2.2.2 Sensors 132
9.2.2.2.1 Increasing adoption in residential applications to drive growth 132
9.2.2.3 Switches 133
9.2.2.3.1 Easy lighting control to increase demand 133
9.2.2.4 Dimmers 134
9.2.2.4.1 Enhanced flexibility to drive market 134
9.2.2.5 Relay units 135
9.2.2.5.1 Improved lighting control to drive market 135
9.2.2.6 Gateways 135
9.2.2.6.1 High demand for facilitating communication between controllers to drive market 135
9.3 SOFTWARE 135
9.3.1 ABILITY TO OPTIMIZE ENERGY CONSUMPTION WHILE ENHANCING USER CONVENIENCE TO DRIVE MARKET 135
9.4 SERVICES 137
9.4.1 PRE-INSTALLATION SERVICES 138
9.4.1.1 Help tailor lighting solutions to suit customer requirements 138
9.4.2 POST-INSTALLATION SERVICES 139
9.4.2.1 Prolonged lifespan of luminaires and lamps while optimizing energy consumption and efficiency to drive demand 139
10 SMART LIGHTING MARKET, BY INSTALLATION TYPE 140
10.1 INTRODUCTION 141
10.2 NEW INSTALLATIONS 142
10.2.1 INCREASING ADOPTION OF SMART CITY INITIATIVES AND STRINGENT ENERGY EFFICIENCY REGULATIONS TO DRIVE GROWTH 142
10.3 RETROFIT INSTALLATIONS 142
10.3.1 REDUCED DOWNTIME AND INSTALLATION COSTS DUE TO COMPATIBILITY WITH EXISTING LIGHTING TO DRIVE ADOPTION 142
11 SMART LIGHTING MARKET, BY REGION 143
11.1 INTRODUCTION 144
11.2 AMERICAS 146
11.2.1 AMERICAS: MACROECONOMIC OUTLOOK 147
11.2.2 NORTH AMERICA 151
11.2.2.1 US 153
11.2.2.1.1 Burgeoning demand for energy-efficient lighting technologies to drive market 153
11.2.2.2 Canada 154
11.2.2.2.1 Rising demand in commercial and industrial sectors to drive growth 154
11.2.2.3 Mexico 155
11.2.2.3.1 Development of smart cities and growing utilization of wireless technologies to boost demand 155
11.2.3 SOUTH AMERICA 156
11.2.3.1 Brazil 158
11.2.3.1.1 Government policies and large-scale urban modernization projects to drive growth 158
11.2.3.2 Argentina 159
11.2.3.2.1 Rising need to replace traditional lamps with energy-efficient alternatives to fuel demand 159
11.2.3.3 Rest of South America 159
11.3 EUROPE 160
11.3.1 EUROPE: MACROECONOMIC OUTLOOK 166
11.3.2 GERMANY 166
11.3.2.1 Increasing demand from commercial sector to drive market 166
11.3.3 FRANCE 167
11.3.3.1 Need for sustainable lighting in public spaces to fuel market 167
11.3.4 UK 168
11.3.4.1 Growing demand from public and private spaces to propel market 168
11.3.5 ITALY 169
11.3.5.1 Resurgence of construction industry to boost demand 169
11.3.6 SPAIN 170
11.3.6.1 Emission reduction goals to drive market 170
11.3.7 NETHERLANDS 170
11.3.7.1 Government initiatives promoting energy-efficient lighting
to drive growth 170
11.3.8 REST OF EUROPE 171
11.4 ASIA PACIFIC 172
11.4.1 ASIA PACIFIC: MACROECONOMIC OUTLOOK 178
11.4.2 CHINA 178
11.4.2.1 Rising construction activities to accelerate demand 178
11.4.3 JAPAN 179
11.4.3.1 Growing focus on smart city development to propel market 179
11.4.4 INDIA 180
11.4.4.1 Increasing demand from construction sector to drive growth 180
11.4.5 AUSTRALIA & NEW ZEALAND 181
11.4.5.1 Growing focus on sustainability initiatives to boost market 181
11.4.6 SOUTH KOREA 182
11.4.6.1 Growing demand from commercial buildings and
residential developments to fuel growth 182
11.4.7 REST OF ASIA PACIFIC 183
11.5 ROW 184
11.5.1 ROW: MACROECONOMIC OUTLOOK 189
11.5.2 MIDDLE EAST 190
11.5.2.1 Demand for connected urban environments to drive market 190
11.5.2.2 GCC Countries 191
11.5.2.3 Rest of the Middle East 192
11.5.3 AFRICA 192
11.5.3.1 Increasing investments in infrastructure and renewable energy to drive market 192
12 COMPETITIVE LANDSCAPE 194
12.1 OVERVIEW 194
12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, JANUARY 2021– JANUARY 2025 194
12.3 REVENUE ANALYSIS, 2020–2024 195
12.4 MARKET SHARE ANALYSIS, 2024 196
12.5 COMPANY VALUATION AND FINANCIAL METRICS 199
12.5.1 COMPANY VALUATION 199
12.5.2 FINANCIAL METRICS 199
12.6 BRAND/PRODUCT COMPARISON 199
12.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024 201
12.7.1 STARS 201
12.7.2 EMERGING LEADERS 201
12.7.3 PERVASIVE PLAYERS 201
12.7.4 PARTICIPANTS 201
12.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2024 203
12.7.5.1 Company footprint 203
12.7.5.2 Region footprint 204
12.7.5.3 Installation type footprint 205
12.7.5.4 Offering footprint 206
12.7.5.5 End-use application footprint 207
12.7.5.6 Communication technology footprint 208
12.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024 209
12.8.1 PROGRESSIVE COMPANIES 209
12.8.2 RESPONSIVE COMPANIES 209
12.8.3 DYNAMIC COMPANIES 209
12.8.4 STARTING BLOCKS 209
12.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024 211
12.8.5.1 Detailed list of startups/SMEs 211
12.8.5.2 Competitive benchmarking of key startups/SMEs 212
12.9 COMPETITIVE SCENARIO 212
12.9.1 PRODUCT LAUNCHES/DEVELOPMENTS 212
12.9.2 DEALS 220
12.9.3 EXPANSIONS 225
13 COMPANY PROFILES 226
13.1 INTRODUCTION 226
13.2 KEY PLAYERS 226
13.2.1 SIGNIFY HOLDING 226
13.2.1.1 Business overview 226
13.2.1.2 Products/Solutions/Services offered 228
13.2.1.3 Recent developments 232
13.2.1.3.1 Product launches/developments 232
13.2.1.3.2 Deals 235
13.2.1.4 MnM view 236
13.2.1.4.1 Key strengths 236
13.2.1.4.2 Strategic choices 237
13.2.1.4.3 Weaknesses and competitive threats 237
13.2.2 LEGRAND 238
13.2.2.1 Business overview 238
13.2.2.2 Products/Solutions/Services offered 239
13.2.2.3 Recent developments 240
13.2.2.3.1 Product launches/Developments 240
13.2.2.3.2 Deals 241
13.2.2.4 MnM view 241
13.2.2.4.1 Key strengths 241
13.2.2.4.2 Strategic choices 241
13.2.2.4.3 Weaknesses and competitive threats 241
13.2.3 ACUITY BRANDS, INC. 242
13.2.3.1 Business overview 242
13.2.3.2 Products/Solutions/Services offered 243
13.2.3.3 Recent developments 245
13.2.3.3.1 Product launches/developments 245
13.2.3.3.2 Deals 246
13.2.3.4 MnM view 247
13.2.3.4.1 Key strengths 247
13.2.3.4.2 Strategic choices 247
13.2.3.4.3 Weaknesses and competitive threats 247
13.2.4 ZUMTOBEL GROUP 248
13.2.4.1 Business overview 248
13.2.4.2 Products/Solutions/Services offered 249
13.2.4.3 Recent developments 251
13.2.4.3.1 Deals 251
13.2.4.4 MnM view 252
13.2.4.4.1 Key strengths 252
13.2.4.4.2 Strategic choices 252
13.2.4.4.3 Weaknesses and competitive threats 252
13.2.5 PANASONIC HOLDINGS CORPORATION 253
13.2.5.1 Business overview 253
13.2.5.2 Products/Solutions/Services offered 254
13.2.5.3 Recent developments 256
13.2.5.3.1 Expansions 256
13.2.5.4 MnM view 256
13.2.5.4.1 Key strengths 256
13.2.5.4.2 Strategic choices 256
13.2.5.4.3 Weaknesses and competitive threats 257
13.2.6 AMS-OSRAM AG 258
13.2.6.1 Business overview 258
13.2.6.2 Products/Solutions/Services offered 259
13.2.6.3 Recent developments 260
13.2.6.3.1 Product launches/developments 260
13.2.6.3.2 Deals 261
13.2.7 HONEYWELL INTERNATIONAL INC. 262
13.2.7.1 Business overview 262
13.2.7.2 Products/Solutions/Services offered 263
13.2.7.3 Recent developments 265
13.2.7.3.1 Deals 265
13.2.8 WIPRO LIGHTING 267
13.2.8.1 Business overview 267
13.2.8.2 Products/Solutions/Services offered 267
13.2.8.3 Recent developments 268
13.2.8.3.1 Deals 268
13.2.8.3.2 Expansions 269
13.2.9 LUTRON ELECTRONICS CO., INC 270
13.2.9.1 Business overview 270
13.2.9.2 Products/Solutions/Services offered 270
13.2.9.3 Recent developments 272
13.2.9.3.1 Product launches/developments 272
13.2.10 CREE LIGHTING USA LLC 274
13.2.10.1 Business overview 274
13.2.10.2 Products/Solutions/Services offered 274
13.2.10.3 Recent developments 275
13.2.10.3.1 Product launches/developments 275
13.2.11 LEDVANCE GMBH 276
13.2.11.1 Business overview 276
13.2.11.2 Products/Solutions/Services offered 276
13.2.11.3 Recent developments 277
13.2.11.3.1 Product launches/developments 277
13.2.11.3.2 Deals 278
13.3 OTHER PLAYERS 279
13.3.1 HLI SOLUTIONS, INC. 279
13.3.2 SAVANT SYSTEMS, INC. 280
13.3.3 DIALIGHT 281
13.3.4 SCHNEIDER ELECTRIC 282
13.3.5 ABB 283
13.3.6 LIGHTWAVE 284
13.3.7 RAB LIGHTING INC. 285
13.3.8 SYNAPSE WIRELESS INC. 286
13.3.9 LEVITON MANUFACTURING CO., INC. 287
13.3.10 SYSKA 288
13.3.11 BUILDING ROBOTICS INC. (SIEMENS COMPANY) 288
13.3.12 HELVAR 289
13.3.13 LIFX 290
13.3.14 SENGLED GMBH 291
13.3.15 TVILIGHT PROJECTS B.V. 292
13.3.16 NANOLEAF 293
13.3.17 UBICQUIA, INC. 294
13.3.18 JAQUAR INDIA 295
13.3.19 INTER IKEA SYSTEMS B.V. 296
14 APPENDIX 297
14.1 INSIGHTS FROM INDUSTRY EXPERTS 297
14.2 DISCUSSION GUIDE 298
14.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 301
14.4 CUSTOMIZATION OPTIONS 303
14.5 RELATED REPORTS 303
14.6 AUTHOR DETAILS 304
LIST OF TABLES
TABLE 1 RISK FACTOR ANALYSIS 43
TABLE 2 AVERAGE SELLING PRICE OF HARDWARE TYPE OFFERED KEY PLAYERS,
BY OFFERING 67
TABLE 3 AVERAGE SELLING PRICE TREND OF SMART LIGHTS AND LUMINAIRES,
BY REGION, 2020–2024 (USD) 68
TABLE 4 ROLES OF COMPANIES IN SMART LIGHTING ECOSYSTEM 70
TABLE 5 SMART LIGHTING MARKET: LIST OF MAJOR PATENTS, 2022–2024 79
TABLE 6 IMPORT DATA RELATED TO HS CODE 9405-COMPLIANT PRODUCTS,
BY COUNTRY, 2019–2023 (USD MILLION) 83
TABLE 7 EXPORT DATA FOR HS CODE 9405-COMPLIANT PRODUCTS, BY COUNTRY,
2019–2023 (USD MILLION) 84
TABLE 8 SMART LIGHTING MARKET: LIST OF KEY CONFERENCES AND EVENTS, 2025–2026 84
TABLE 9 MFN TARIFF FOR HS CODE 9405-COMPLIANT PRODUCTS, 2023 88
TABLE 10 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 88
TABLE 11 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 89
TABLE 12 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 89
TABLE 13 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 90
TABLE 14 SMART LIGHTING MARKET: IMPACT ANALYSIS OF PORTER’S FIVE FORCES 93
TABLE 15 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS,
BY END-USE APPLICATION (%) 95
TABLE 16 KEY BUYING CRITERIA, BY END-USE APPLICATION 96
TABLE 17 SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY,
2021–2024 (USD MILLION) 99
TABLE 18 SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY,
2025–2030 (USD MILLION) 100
TABLE 19 SMART LIGHTING MARKET FOR WIRED COMMUNICATION TECHNOLOGY,
BY TYPE, 2021–2024 (USD MILLION) 100
TABLE 20 SMART LIGHTING MARKET FOR WIRED COMMUNICATION TECHNOLOGY,
BY TYPE, 2025–2030 (USD MILLION) 101
TABLE 21 WIRED: SMART LIGHTING MARKET, BY REGION, 2021–2024 (USD MILLION) 101
TABLE 22 WIRED: SMART LIGHTING MARKET, BY REGION, 2025–2030 (USD MILLION) 101
TABLE 23 WIRELESS: SMART LIGHTING MARKET, BY TYPE, 2021–2024 (USD MILLION) 104
TABLE 24 WIRELESS: SMART LIGHTING MARKET, BY TYPE, 2025–2030 (USD MILLION) 104
TABLE 25 WIRELESS: SMART LIGHTING MARKET, BY REGION, 2021–2024 (USD MILLION) 105
TABLE 26 WIRELESS: SMART LIGHTING MARKET, BY REGION, 2025–2030 (USD MILLION) 105
TABLE 27 SMART LIGHTING MARKET, BY END-USE APPLICATION, 2021–2024 (USD MILLION) 110
TABLE 28 SMART LIGHTING MARKET, BY END-USE APPLICATION, 2025–2030 (USD MILLION) 110
TABLE 29 INDOOR SMART LIGHTING MARKET, BY APPLICATION, 2021–2024 (USD MILLION) 111
TABLE 30 INDOOR SMART LIGHTING MARKET, BY APPLICATION, 2025–2030 (USD MILLION) 111
TABLE 31 INDOOR SMART LIGHTING MARKET, BY REGION, 2021–2024 (USD MILLION) 112
TABLE 32 INDOOR SMART LIGHTING MARKET, BY REGION, 2025–2030 (USD MILLION) 112
TABLE 33 OUTDOOR SMART LIGHTING MARKET, BY APPLICATION,
2021–2024 (USD MILLION) 115
TABLE 34 OUTDOOR SMART LIGHTING MARKET, BY APPLICATION,
2025–2030 (USD MILLION) 115
TABLE 35 OUTDOOR SMART LIGHTING MARKET, BY REGION, 2021–2024 (USD MILLION) 116
TABLE 36 OUTDOOR SMART LIGHTING MARKET, BY REGION, 2025–2030 (USD MILLION) 116
TABLE 37 SMART LIGHTING MARKET, BY DISTRIBUTION CHANNEL,
2021–2024 (USD MILLION) 120
TABLE 38 SMART LIGHTING MARKET, BY DISTRIBUTION CHANNEL,
2025–2030 (USD MILLION) 120
TABLE 39 OFFLINE SALES: SMART LIGHTING MARKET, BY REGION,
2021–2024 (USD MILLION) 121
TABLE 40 OFFLINE SALES: SMART LIGHTING MARKET, BY REGION,
2025–2030 (USD MILLION) 122
TABLE 41 ONLINE SALES: SMART LIGHTING MARKET, BY REGION,
2021–2024 (USD MILLION) 122
TABLE 42 ONLINE SALES: SMART LIGHTING MARKET, BY REGION,
2025–2030 (USD MILLION) 123
TABLE 43 SMART LIGHTING MARKET, BY OFFERING, 2021–2024 (USD MILLION) 126
TABLE 44 SMART LIGHTING MARKET, BY OFFERING, 2025–2030 (USD MILLION) 126
TABLE 45 HARDWARE: SMART LIGHTING MARKET, BY REGION, 2021–2024 (USD MILLION) 127
TABLE 46 HARDWARE: SMART LIGHTING MARKET, BY REGION, 2025–2030 (USD MILLION) 127
TABLE 47 SMART LIGHTING MARKET, BY HARDWARE, 2021–2024 (USD MILLION) 128
TABLE 48 SMART LIGHTING MARKET, BY HARDWARE, 2025–2030 (USD MILLION) 128
TABLE 49 LIGHTING CONTROLS: SMART LIGHTING MARKET, BY COMPONENT,
2021–2024 (USD MILLION) 131
TABLE 50 LIGHTING CONTROLS: SMART LIGHTING MARKET, BY COMPONENT,
2025–2030 (USD MILLION) 131
TABLE 51 LIGHTING CONTROLS: SMART LIGHTING MARKET, BY COMPONENT,
2021–2024 (THOUSAND UNITS) 131
TABLE 52 LIGHTING CONTROLS: SMART LIGHTING MARKET, BY COMPONENT,
2025–2030 (THOUSAND UNITS) 132
TABLE 53 SOFTWARE: SMART LIGHTING MARKET, BY REGION, 2021–2024 (USD MILLION) 136
TABLE 54 SOFTWARE: SMART LIGHTING MARKET, BY REGION, 2025–2030 (USD MILLION) 136
TABLE 55 SERVICES: SMART LIGHTING MARKET, BY REGION, 2021–2024 (USD MILLION) 137
TABLE 56 SERVICES: SMART LIGHTING MARKET, BY REGION, 2025–2030 (USD MILLION) 137
TABLE 57 SMART LIGHTING MARKET FOR SERVICES, BY TYPE, 2021–2024 (USD MILLION) 138
TABLE 58 SMART LIGHTING MARKET FOR SERVICES, BY TYPE, 2025–2030 (USD MILLION) 138
TABLE 59 SMART LIGHTING MARKET, BY INSTALLATION TYPE, 2021–2024 (USD MILLION) 141
TABLE 60 SMART LIGHTING MARKET, BY INSTALLATION TYPE, 2025–2030 (USD MILLION) 141
TABLE 61 SMART LIGHTING MARKET, BY REGION, 2021–2024 (USD MILLION) 145
TABLE 62 SMART LIGHTING MARKET, BY REGION, 2025–2030 (USD MILLION) 145
TABLE 63 AMERICAS: SMART LIGHTING MARKET, BY SUB-REGION,
2021–2024 (USD MILLION) 148
TABLE 64 AMERICAS: SMART LIGHTING MARKET, BY SUB-REGION,
2025–2030 (USD MILLION) 148
TABLE 65 AMERICAS: SMART LIGHTING MARKET, BY INSTALLATION TYPE,
2021–2024 (USD MILLION) 148
TABLE 66 AMERICAS: SMART LIGHTING MARKET, BY INSTALLATION TYPE,
2025–2030 (USD MILLION) 148
TABLE 67 AMERICAS: SMART LIGHTING MARKET, BY OFFERING, 2021–2024 (USD MILLION) 148
TABLE 68 AMERICAS: SMART LIGHTING MARKET, BY OFFERING, 2025–2030 (USD MILLION) 149
TABLE 69 AMERICAS: SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY,
2021–2024 (USD MILLION) 149
TABLE 70 AMERICAS: SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY,
2025–2030 (USD MILLION) 149
TABLE 71 AMERICAS: SMART LIGHTING MARKET, BY DISTRIBUTION CHANNEL,
2021–2024 (USD MILLION) 149
TABLE 72 AMERICAS: SMART LIGHTING MARKET, BY DISTRIBUTION CHANNEL,
2025–2030 (USD MILLION) 150
TABLE 73 AMERICAS: SMART LIGHTING MARKET, BY END-USE APPLICATION,
2021–2024 (USD MILLION) 150
TABLE 74 AMERICAS: SMART LIGHTING MARKET, BY END-USE APPLICATION,
2025–2030 (USD MILLION) 150
TABLE 75 AMERICAS: INDOOR SMART LIGHTING MARKET, BY APPLICATION,
2021–2024 (USD MILLION) 150
TABLE 76 AMERICAS: INDOOR SMART LIGHTING MARKET, BY APPLICATION,
2025–2030 (USD MILLION) 151
TABLE 77 AMERICAS: OUTDOOR SMART LIGHTING MARKET, BY APPLICATION,
2021–2024 (USD MILLION) 151
TABLE 78 AMERICAS: OUTDOOR SMART LIGHTING MARKET, BY APPLICATION,
2025–2030 (USD MILLION) 151
TABLE 79 NORTH AMERICA: SMART LIGHTING MARKET, BY COUNTRY,
2021–2024 (USD MILLION) 152
TABLE 80 NORTH AMERICA: SMART LIGHTING MARKET, BY COUNTRY,
2025–2030 (USD MILLION) 152
TABLE 81 NORTH AMERICA: SMART LIGHTING MARKET, BY INSTALLATION TYPE,
2021–2024 (USD MILLION) 152
TABLE 82 NORTH AMERICA: SMART LIGHTING MARKET, BY INSTALLATION TYPE,
2025–2030 (USD MILLION) 153
TABLE 83 US: SMART LIGHTING MARKET, BY INSTALLATION TYPE,
2021–2024 (USD MILLION) 154
TABLE 84 US: SMART LIGHTING MARKET, BY INSTALLATION TYPE,
2025–2030 (USD MILLION) 154
TABLE 85 CANADA: SMART LIGHTING MARKET, BY INSTALLATION TYPE,
2021–2024 (USD MILLION) 155
TABLE 86 CANADA: SMART LIGHTING MARKET, BY INSTALLATION TYPE,
2025–2030 (USD MILLION) 155
TABLE 87 MEXICO: SMART LIGHTING MARKET, BY INSTALLATION TYPE,
2021–2024 (USD MILLION) 156
TABLE 88 MEXICO: SMART LIGHTING MARKET, BY INSTALLATION TYPE,
2025–2030 (USD MILLION) 156
TABLE 89 SOUTH AMERICA: SMART LIGHTING MARKET, BY COUNTRY,
2021–2024 (USD MILLION) 157
TABLE 90 SOUTH AMERICA: SMART LIGHTING MARKET, BY COUNTRY,
2025–2030 (USD MILLION) 157
TABLE 91 SOUTH AMERICA: SMART LIGHTING MARKET, BY INSTALLATION TYPE,
2021–2024 (USD MILLION) 157
TABLE 92 SOUTH AMERICA: SMART LIGHTING MARKET, BY INSTALLATION TYPE,
2025–2030 (USD MILLION) 157
TABLE 93 BRAZIL: SMART LIGHTING MARKET, BY INSTALLATION TYPE,
2021–2024 (USD MILLION) 158
TABLE 94 BRAZIL: SMART LIGHTING MARKET, BY INSTALLATION TYPE,
2025–2030 (USD MILLION) 158
TABLE 95 ARGENTINA: SMART LIGHTING MARKET, BY INSTALLATION TYPE,
2021–2024 (USD MILLION) 159
TABLE 96 ARGENTINA: SMART LIGHTING MARKET, BY INSTALLATION TYPE,
2025–2030 (USD MILLION) 159
TABLE 97 REST OF SOUTH AMERICA: SMART LIGHTING MARKET, BY INSTALLATION TYPE, 2021–2024 (USD MILLION) 160
TABLE 98 REST OF SOUTH AMERICA: SMART LIGHTING MARKET, BY INSTALLATION TYPE, 2025–2030 (USD MILLION) 160
TABLE 99 EUROPE: SMART LIGHTING MARKET, BY COUNTRY, 2021–2024 (USD MILLION) 162
TABLE 100 EUROPE: SMART LIGHTING MARKET, BY COUNTRY, 2025–2030 (USD MILLION) 162
TABLE 101 EUROPE: SMART LIGHTING MARKET, BY INSTALLATION TYPE,
2021–2024 (USD MILLION) 162
TABLE 102 EUROPE: SMART LIGHTING MARKET, BY INSTALLATION TYPE,
2025–2030 (USD MILLION) 162
TABLE 103 EUROPE: SMART LIGHTING MARKET, BY OFFERING, 2021–2024 (USD MILLION) 163
TABLE 104 EUROPE: SMART LIGHTING MARKET, BY OFFERING, 2025–2030 (USD MILLION) 163
TABLE 105 EUROPE: SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY,
2021–2024 (USD MILLION) 163
TABLE 106 EUROPE: SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY,
2025–2030 (USD MILLION) 163
TABLE 107 EUROPE: SMART LIGHTING MARKET, BY DISTRIBUTION CHANNEL,
2021–2024 (USD MILLION) 164
TABLE 108 EUROPE: SMART LIGHTING MARKET, BY DISTRIBUTION CHANNEL,
2025–2030 (USD MILLION) 164
TABLE 109 EUROPE: SMART LIGHTING MARKET, BY END-USE APPLICATION,
2021–2024 (USD MILLION) 164
TABLE 110 EUROPE: SMART LIGHTING MARKET, BY END-USE APPLICATION,
2025–2030 (USD MILLION) 164
TABLE 111 EUROPE: INDOOR SMART LIGHTING MARKET, BY APPLICATION,
2021–2024 (USD MILLION) 165
TABLE 112 EUROPE: INDOOR SMART LIGHTING MARKET, BY APPLICATION,
2025–2030 (USD MILLION) 165
TABLE 113 EUROPE: OUTDOOR SMART LIGHTING MARKET, BY APPLICATION,
2021–2024 (USD MILLION) 165
TABLE 114 EUROPE: OUTDOOR SMART LIGHTING MARKET, BY APPLICATION,
2025–2030 (USD MILLION) 166
TABLE 115 GERMANY: SMART LIGHTING MARKET, BY INSTALLATION TYPE,
2021–2024 (USD MILLION) 167
TABLE 116 GERMANY: SMART LIGHTING MARKET, BY INSTALLATION TYPE,
2025–2030 (USD MILLION) 167
TABLE 117 FRANCE: SMART LIGHTING MARKET, BY INSTALLATION TYPE,
2021–2024 (USD MILLION) 168
TABLE 118 FRANCE: SMART LIGHTING MARKET, BY INSTALLATION TYPE,
2025–2030 (USD MILLION) 168
TABLE 119 UK: SMART LIGHTING MARKET, BY INSTALLATION TYPE,
2021–2024 (USD MILLION) 168
TABLE 120 UK: SMART LIGHTING MARKET, BY INSTALLATION TYPE,
2025–2030 (USD MILLION) 169
TABLE 121 ITALY: SMART LIGHTING MARKET, BY INSTALLATION TYPE,
2021–2024 (USD MILLION) 169
TABLE 122 ITALY: SMART LIGHTING MARKET, BY INSTALLATION TYPE,
2025–2030 (USD MILLION) 169
TABLE 123 SPAIN: SMART LIGHTING MARKET, BY INSTALLATION TYPE,
2021–2024 (USD MILLION) 170
TABLE 124 SPAIN: SMART LIGHTING MARKET, BY INSTALLATION TYPE,
2025–2030 (USD MILLION) 170
TABLE 125 NETHERLANDS: SMART LIGHTING MARKET, BY INSTALLATION TYPE,
2021–2024 (USD MILLION) 171
TABLE 126 NETHERLANDS: SMART LIGHTING MARKET, BY INSTALLATION TYPE,
2025–2030 (USD MILLION) 171
TABLE 127 REST OF EUROPE: SMART LIGHTING MARKET, BY INSTALLATION TYPE,
2021–2024 (USD MILLION) 171
TABLE 128 REST OF EUROPE: SMART LIGHTING MARKET, BY INSTALLATION TYPE,
2025–2030 (USD MILLION) 172
TABLE 129 ASIA PACIFIC: SMART LIGHTING MARKET, BY COUNTRY,
2021–2024 (USD MILLION) 173
TABLE 130 ASIA PACIFIC: SMART LIGHTING MARKET, BY COUNTRY,
2025–2030 (USD MILLION) 174
TABLE 131 ASIA PACIFIC: SMART LIGHTING MARKET, BY INSTALLATION TYPE,
2021–2024 (USD MILLION) 174
TABLE 132 ASIA PACIFIC: SMART LIGHTING MARKET, BY INSTALLATION TYPE,
2025–2030 (USD MILLION) 174
TABLE 133 ASIA PACIFIC: SMART LIGHTING MARKET, BY OFFERING,
2021–2024 (USD MILLION) 175
TABLE 134 ASIA PACIFIC: SMART LIGHTING MARKET, BY OFFERING,
2025–2030 (USD MILLION) 175
TABLE 135 ASIA PACIFIC: SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY, 2021–2024 (USD MILLION) 175
TABLE 136 ASIA PACIFIC: SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY, 2025–2030 (USD MILLION) 175
TABLE 137 ASIA PACIFIC: SMART LIGHTING MARKET, BY DISTRIBUTION CHANNEL,
2021–2024 (USD MILLION) 176
TABLE 138 ASIA PACIFIC: SMART LIGHTING MARKET, BY DISTRIBUTION CHANNEL,
2025–2030 (USD MILLION) 176
TABLE 139 ASIA PACIFIC: SMART LIGHTING MARKET, BY END-USE APPLICATION,
2021–2024 (USD MILLION) 176
TABLE 140 ASIA PACIFIC: SMART LIGHTING MARKET, BY END-USE APPLICATION,
2025–2030 (USD MILLION) 176
TABLE 141 ASIA PACIFIC: INDOOR SMART LIGHTING MARKET, BY APPLICATION,
2021–2024 (USD MILLION) 177
TABLE 142 ASIA PACIFIC: INDOOR SMART LIGHTING MARKET, BY APPLICATION,
2025–2030 (USD MILLION) 177
TABLE 143 ASIA PACIFIC: OUTDOOR SMART LIGHTING MARKET, BY APPLICATION,
2021–2024 (USD MILLION) 177
TABLE 144 ASIA PACIFIC: OUTDOOR SMART LIGHTING MARKET, BY APPLICATION,
2025–2030 (USD MILLION) 178
TABLE 145 CHINA: SMART LIGHTING MARKET, BY INSTALLATION TYPE,
2021–2024 (USD MILLION) 179
TABLE 146 CHINA: SMART LIGHTING MARKET, BY INSTALLATION TYPE,
2025–2030 (USD MILLION) 179
TABLE 147 JAPAN: SMART LIGHTING MARKET, BY INSTALLATION TYPE,
2021–2024 (USD MILLION) 180
TABLE 148 JAPAN: SMART LIGHTING MARKET, BY INSTALLATION TYPE,
2025–2030 (USD MILLION) 180
TABLE 149 INDIA: SMART LIGHTING MARKET, BY INSTALLATION TYPE,
2021–2024 (USD MILLION) 181
TABLE 150 INDIA: SMART LIGHTING MARKET, BY INSTALLATION TYPE,
2025–2030 (USD MILLION) 181
TABLE 151 AUSTRALIA & NEW ZEALAND: SMART LIGHTING MARKET,
BY INSTALLATION TYPE, 2021–2024 (USD MILLION) 182
TABLE 152 AUSTRALIA & NEW ZEALAND: SMART LIGHTING MARKET,
BY INSTALLATION TYPE, 2025–2030 (USD MILLION) 182
TABLE 153 SOUTH KOREA: SMART LIGHTING MARKET, BY INSTALLATION TYPE,
2021–2024 (USD MILLION) 183
TABLE 154 SOUTH KOREA: SMART LIGHTING MARKET, BY INSTALLATION TYPE,
2025–2030 (USD MILLION) 183
TABLE 155 REST OF ASIA PACIFIC: SMART LIGHTING MARKET, BY INSTALLATION TYPE,
2021–2024 (USD MILLION) 184
TABLE 156 REST OF ASIA PACIFIC: SMART LIGHTING MARKET, BY INSTALLATION TYPE,
2025–2030 (USD MILLION) 184
TABLE 157 ROW: SMART LIGHTING MARKET, BY REGION, 2021–2024 (USD MILLION) 185
TABLE 158 ROW: SMART LIGHTING MARKET, BY REGION, 2025–2030 (USD MILLION) 186
TABLE 159 ROW: SMART LIGHTING MARKET, BY INSTALLATION TYPE,
2021–2024 (USD MILLION) 186
TABLE 160 ROW: SMART LIGHTING MARKET, BY INSTALLATION TYPE,
2025–2030 (USD MILLION) 186
TABLE 161 ROW: SMART LIGHTING MARKET, BY OFFERING, 2021–2024 (USD MILLION) 186
TABLE 162 ROW: SMART LIGHTING MARKET, BY OFFERING, 2025–2030 (USD MILLION) 186
TABLE 163 ROW: SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY,
2021–2024 (USD MILLION) 187
TABLE 164 ROW: SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY,
2025–2030 (USD MILLION) 187
TABLE 165 ROW: SMART LIGHTING MARKET, BY DISTRIBUTION CHANNEL,
2021–2024 (USD MILLION) 187
TABLE 166 ROW: SMART LIGHTING MARKET, BY DISTRIBUTION CHANNEL,
2025–2030 (USD MILLION) 187
TABLE 167 ROW: SMART LIGHTING MARKET, BY END-USE APPLICATION,
2021–2024 (USD MILLION) 188
TABLE 168 ROW: SMART LIGHTING MARKET, BY END-USE APPLICATION,
2025–2030 (USD MILLION) 188
TABLE 169 ROW: INDOOR SMART LIGHTING MARKET, BY APPLICATION,
2021–2024 (USD MILLION) 188
TABLE 170 ROW: INDOOR SMART LIGHTING MARKET, BY APPLICATION,
2025–2030 (USD MILLION) 188
TABLE 171 ROW: OUTDOOR SMART LIGHTING MARKET, BY APPLICATION,
2021–2024 (USD MILLION) 189
TABLE 172 ROW: OUTDOOR SMART LIGHTING MARKET, BY APPLICATION,
2025–2030 (USD MILLION) 189
TABLE 173 MIDDLE EAST: SMART LIGHTING MARKET, BY REGION, 2021–2024 (USD MILLION) 190
TABLE 174 MIDDLE EAST: SMART LIGHTING MARKET, BY REGION, 2025–2030 (USD MILLION) 190
TABLE 175 MIDDLE EAST: SMART LIGHTING MARKET, BY INSTALLATION TYPE,
2021–2024 (USD MILLION) 190
TABLE 176 MIDDLE EAST: SMART LIGHTING MARKET, BY INSTALLATION TYPE,
2025–2030 (USD MILLION) 191
TABLE 177 GCC COUNTRIES: SMART LIGHTING MARKET, BY INSTALLATION TYPE,
2021–2024 (USD MILLION) 191
TABLE 178 GCC COUNTRIES: SMART LIGHTING MARKET, BY INSTALLATION TYPE,
2025–2030 (USD MILLION) 191
TABLE 179 REST OF MIDDLE EAST: SMART LIGHTING MARKET, BY INSTALLATION TYPE,
2021–2024 (USD MILLION) 192
TABLE 180 REST OF MIDDLE EAST: SMART LIGHTING MARKET, BY INSTALLATION TYPE,
2025–2030 (USD MILLION) 192
TABLE 181 AFRICA: SMART LIGHTING MARKET, BY INSTALLATION TYPE,
2021–2024 (USD MILLION) 193
TABLE 182 AFRICA: SMART LIGHTING MARKET, BY INSTALLATION TYPE,
2025–2030 (USD MILLION) 193
TABLE 183 SMART LIGHTING MARKET: KEY STRATEGIES ADOPTED BY LEADING PLAYERS, JANUARY 2021–JANUARY 2025 194
TABLE 184 SMART LIGHTING MARKET: DEGREE OF COMPETITION 196
TABLE 185 SMART LIGHTING MARKET: REGION FOOTPRINT 204
TABLE 186 SMART LIGHTING MARKET: INSTALLATION TYPE FOOTPRINT 205
TABLE 187 SMART LIGHTING MARKET: OFFERING FOOTPRINT 206
TABLE 188 SMART LIGHTING MARKET: END-USE APPLICATION FOOTPRINT 207
TABLE 189 SMART LIGHTING MARKET: COMMUNICATION TECHNOLOGY FOOTPRINT 208
TABLE 190 SMART LIGHTING MARKET: DETAILED LIST OF KEY STARTUPS/SMES 211
TABLE 191 SMART LIGHTING MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 212
TABLE 192 SMART LIGHTING MARKET: PRODUCT LAUNCHES/DEVELOPMENTS,
APRIL 2020–JANUARY 2025 212
TABLE 193 SMART LIGHTING MARKET: DEALS, APRIL 2020–JANUARY 2025 220
TABLE 194 SMART LIGHTING MARKET: EXPANSIONS, APRIL 2020–JANUARY 2025 225
TABLE 195 SIGNIFY HOLDING: COMPANY OVERVIEW 227
TABLE 196 SIGNIFY HOLDING: PRODUCTS/SOLUTIONS/SERVICES OFFERED 228
TABLE 197 SIGNIFY HOLDING: PRODUCT LAUNCHES/DEVELOPMENTS 232
TABLE 198 SIGNIFY HOLDING: DEALS 235
TABLE 199 LEGRAND: COMPANY OVERVIEW 238
TABLE 200 LEGRAND: PRODUCTS/SOLUTIONS/SERVICES OFFERED 239
TABLE 201 LEGRAND: PRODUCT LAUNCHES /DEVELOPMENTS 240
TABLE 202 LEGRAND: DEALS 241
TABLE 203 ACUITY BRANDS, INC.: COMPANY OVERVIEW 242
TABLE 204 ACUITY BRANDS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 243
TABLE 205 ACUITY BRANDS, INC.: PRODUCT LAUNCHES/DEVELOPMENTS 245
TABLE 206 ACUITY BRANDS, INC.: DEALS 246
TABLE 207 ZUMTOBEL GROUP: COMPANY OVERVIEW 248
TABLE 208 ZUMTOBEL GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 249
TABLE 209 ZUMTOBEL GROUP: DEALS 251
TABLE 210 PANASONIC HOLDINGS CORPORATION: COMPANY OVERVIEW 253
TABLE 211 PANASONIC HOLDINGS CORPORATION: PRODUCTS/SOLUTIONS/
SERVICES OFFERED 254
TABLE 212 PANASONIC HOLDINGS CORPORATION: EXPANSIONS 256
TABLE 213 AMS-OSRAM AG: COMPANY OVERVIEW 258
TABLE 214 AMS-OSRAM AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED 259
TABLE 215 AMS-OSRAM AG: PRODUCT LAUNCHES/DEVELOPMENTS 260
TABLE 216 AMS-OSRAM AG: DEALS 261
TABLE 217 HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW 262
TABLE 218 HONEYWELL INTERNATIONAL INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 263
TABLE 219 HONEYWELL INTERNATIONAL INC.: DEALS 265
TABLE 220 WIPRO LIGHTING: COMPANY OVERVIEW 267
TABLE 221 WIPRO LIGHTING: PRODUCTS/SOLUTIONS/SERVICES OFFERED 267
TABLE 222 WIPRO LIGHTING: DEALS 268
TABLE 223 WIPRO LIGHTING: EXPANSIONS 269
TABLE 224 LUTRON ELECTRONICS CO., INC: COMPANY OVERVIEW 270
TABLE 225 LUTRON ELECTRONICS CO., INC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 270
TABLE 226 LUTRON ELECTRONICS CO., INC: PRODUCT LAUNCHES/DEVELOPMENTS 272
TABLE 227 CREE LIGHTING USA LLC: COMPANY OVERVIEW 274
TABLE 228 CREE LIGHTING USA LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 274
TABLE 229 CREE LIGHTING USA LLC: PRODUCT LAUNCHES/DEVELOPMENTS 275
TABLE 230 LEDVANCE GMBH: COMPANY OVERVIEW 276
TABLE 231 LEDVANCE GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED 276
TABLE 232 LEDVANCE GMBH: PRODUCT LAUNCHES/DEVELOPMENTS 277
TABLE 233 LEDVANCE GMBH: DEALS 278
LIST OF FIGURES
FIGURE 1 SMART LIGHTING MARKET SEGMENTATION 29
FIGURE 2 SMART LIGHTING MARKET: RESEARCH DESIGN 33
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1
(SUPPLY SIDE) – REVENUE GENERATED BY KEY PLAYERS 38
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2
(DEMAND SIDE) —BOTTOM-UP ESTIMATION BASED ON REGION 39
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 40
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 40
FIGURE 7 DATA TRIANGULATION 42
FIGURE 8 GLOBAL SMART LIGHTING MARKET, 2021–2030 (USD MILLION) 46
FIGURE 9 HARDWARE SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 46
FIGURE 10 WIRELESS COMMUNICATION TECHNOLOGY TO RECORD HIGHER CAGR DURING FORECAST PERIOD 47
FIGURE 11 RETROFIT INSTALLATIONS TO GROW AT HIGHER CAGR DURING FORECAST PERIOD 47
FIGURE 12 INDOOR APPLICATION TO DOMINATE MARKET DURING FORECAST PERIOD 48
FIGURE 13 ONLINE SALES TO GROW AT HIGHER CAGR DURING FORECAST PERIOD 49
FIGURE 14 ASIA PACIFIC HELD LARGEST SHARE OF SMART LIGHTING MARKET IN 2024 49
FIGURE 15 RISING DEMAND FOR ENERGY-EFFICIENT AND CONNECTED LIGHTING TO FUEL MARKET GROWTH 51
FIGURE 16 RETROFIT INSTALLATIONS SEGMENT TO LEAD MARKET IN 2030 51
FIGURE 17 INDOOR SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 52
FIGURE 18 HARDWARE SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 52
FIGURE 19 WIRED COMMUNICATION TECHNOLOGY SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 53
FIGURE 20 OFFLINE SALES SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 53
FIGURE 21 ASIA PACIFIC TO DOMINATE MARKET DURING FORECAST PERIOD 54
FIGURE 22 SMART LIGHTING MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 56
FIGURE 23 SMART LIGHTING MARKET DRIVERS: IMPACT ANALYSIS 60
FIGURE 24 SMART LIGHTING MARKET RESTRAINTS: IMPACT ANALYSIS 61
FIGURE 25 SMART LIGHTING MARKET OPPORTUNITIES: IMPACT ANALYSIS 64
FIGURE 26 SMART LIGHTING MARKET CHALLENGES: IMPACT ANALYSIS 65
FIGURE 27 TRENDS/DISRUPTIONS INFLUENCING CUSTOMER BUSINESS 66
FIGURE 28 AVERAGE SELLING PRICE OF HARDWARE TYPE OFFERED KEY PLAYERS,
BY OFFERING 67
FIGURE 29 AVERAGE SELLING PRICE TREND OF LIGHTS AND LUMINAIRES,
BY REGION, 2020–2024 (USD) 68
FIGURE 30 SMART LIGHTING MARKET: VALUE CHAIN ANALYSIS 69
FIGURE 31 SMART LIGHTING ECOSYSTEM ANALYSIS 72
FIGURE 32 SMART LIGHTING MARKET: INVESTMENT AND FUNDING SCENARIO FOR STARTUPS, 2020–2024 (USD MILLION) 72
FIGURE 33 SMART LIGHTING MARKET: PATENT ANALYSIS, 2015–2024 78
FIGURE 34 IMPORT DATA FOR HS CODE 9405-COMPLIANT PRODUCTS, BY KEY COUNTRY, 2019–2023 (USD MILLION) 82
FIGURE 35 EXPORT DATA RELATED TO HS CODE 9405-COMPLIANT PRODUCTS,
BY KEY COUNTRY, 2019–2023 (USD MILLION) 83
FIGURE 36 SMART LIGHTING MARKET: PORTER’S FIVE FORCES ANALYSIS 92
FIGURE 37 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END-USE APPLICATION 95
FIGURE 38 KEY BUYING CRITERIA, BY END-USE APPLICATION 95
FIGURE 39 SMART LIGHTING MARKET: IMPACT OF AI/GEN AI 97
FIGURE 40 WIRELESS COMMUNICATION TECHNOLOGY TO REGISTER HIGH GROWTH DURING FORECAST PERIOD 99
FIGURE 41 INDOOR APPLICATION TO DOMINATE MARKET IN 2030 110
FIGURE 42 OFFLINE SALES SEGMENT TO HOLD LARGER MARKET SHARE IN 2025 120
FIGURE 43 HARDWARE SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 125
FIGURE 44 LIGHTS AND LUMINAIRES SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD 128
FIGURE 45 RETROFIT INSTALLATIONS TO REGISTER HIGHER CAGR DURING FORECAST PERIOD 141
FIGURE 46 ASIA PACIFIC TO LEAD SMART LIGHTING MARKET FROM 2025 TO 2030 144
FIGURE 47 SMART LIGHTING MARKET IN INDIA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 145
FIGURE 48 AMERICAS: SMART LIGHTING MARKET SNAPSHOT 147
FIGURE 49 EUROPE: SMART LIGHTING MARKET SNAPSHOT 161
FIGURE 50 ASIA PACIFIC: SMART LIGHTING MARKET SNAPSHOT 173
FIGURE 51 ROW: SMART LIGHTING MARKET SNAPSHOT 185
FIGURE 52 SMART LIGHTING MARKET: REVENUE ANALYSIS OF KEY PLAYERS, 2020–2024 (USD BILLION) 195
FIGURE 53 SMART LIGHTING MARKET SHARE ANALYSIS, 2024 197
FIGURE 54 SMART LIGHTING MARKET: COMPANY VALUATION, 2024 199
FIGURE 55 SMART LIGHTING MARKET: FINANCIAL METRICS, 2024 199
FIGURE 56 SMART LIGHTING MARKET: BRAND/PRODUCT COMPARISON 199
FIGURE 57 SMART LIGHTING MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2024 202
FIGURE 58 SMART LIGHTING MARKET: COMPANY FOOTPRINT 203
FIGURE 59 SMART LIGHTING MARKET: COMPANY EVALUATION MATRIX
(STARTUPS/SMES), 2024 210
FIGURE 60 SIGNIFY HOLDING: COMPANY SNAPSHOT 227
FIGURE 61 LEGRAND: COMPANY SNAPSHOT 238
FIGURE 62 ACUITY BRANDS, INC.: COMPANY SNAPSHOT 243
FIGURE 63 ZUMTOBEL GROUP: COMPANY SNAPSHOT 249
FIGURE 64 PANASONIC HOLDINGS CORPORATION: COMPANY SNAPSHOT 254
FIGURE 65 AMS-OSRAM AG: COMPANY SNAPSHOT 259
FIGURE 66 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT 263
