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Smart Lighting Market by Offering, Connectivity Technology, Lighting Technology, application and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2019-2026

  • ID: 4989492
  • Report
  • November 2019
  • Region: Global
  • 403 Pages
  • Allied Analytics LLP

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FEATURED COMPANIES

  • Acuity Brands, Inc.
  • Cisco Systems, Inc.
  • Cree, Inc.
  • Deco Lighting, Inc.
  • Dialight
  • Eaton
  • MORE
The global smart lighting market is expected to generate revenue worth $8.68 billion in 2018, and is projected to reach $38.68 billion by 2026, to register a CAGR of 20.5% during the forecast period. Smart lighting is designed to manage luminance using remote controls. Smart lighting ensures energy efficiency and includes automated control and highly efficient fixtures, which can adjust depending on conditions, such as occupancy and external lighting. Lighting is an intentional use of light to add practical and aesthetic effect to a space. Furthermore, these systems include general, accent, and task lighting. Besides this, smart lighting systems ensure lower energy usage and high cost savings.

The dynamics such as rise in demand for intelligent street lighting systems in developing and developed nations, growth in need for energy-efficient lighting systems for sustainable development, and high penetration of LED bulbs and lightnings, globally, drive the global smart lighting market. However, high installation cost and maintenance cost in smart lighting hamper the market growth. Furthermore, advancement in wireless communication technology, growth in developments of smart city projects, especially in Asia-Pacific, and emergence of IoT technology for smart lightning is expected to provide lucrative opportunities for the market growth.

The smart lighting market is segmented on the basis of offering, connectivity technology, lighting technology, application, and industrial vertical. Depending on offering, it is bifurcated into hardware and software. By connectivity technology, it is categorized into Bluetooth, Zigbee, WiFi, and DALI. On the basis of lighting technology, it is classified into LED, Halogen, incandescent, Fluorescent, and CFL. The applications covered in the study include indoor and outdoor lighting. By industrial vertical, it is segmented into commercial, residential, industrial, automotive, and others. Region wise, it is analyzed across North America, Europe, Asia Pacific, and LAMEA.

Key players analyzed in the report include Acuity Brands, Inc., Cisco Systems, Inc., Cree, Inc., Eaton, Deco Lighting, Inc., Dialight, General Electric, Honeywell International Inc., Koninklijke Philips N.V., and Syska. These players have adopted various key strategies such as product launch, collaboration, partnership, acquisition, and agreements to drive the market and increase their net sales. Furthermore, prominent strategies such as product launch and business expansion are adopted by leading players to strengthen their business reach and position in the global smart lighting sensor market. For instance, Philips Hue wireless lights, Hue light bulbs, use approximately five times less energy compared to traditional halogen light bulbs, which makes them eco-friendlier.

Key Market Segments

By Offering
  • Hardware
  • Software
By Connectivity Technology
  • Bluetooth
  • Zigbee
  • WiFi
  • DALI
By Lighting Technology
  • LED
  • Halogen
  • Incandescent
  • Fluorescent
  • CFL
By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • UK
  • Germany
  • France
  • Russia
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa
Key Market Players
  • Acuity Brands, Inc.
  • Cisco Systems, Inc.
  • Cree, Inc.
  • Eaton
  • Deco Lighting, Inc.
  • Dialight
  • General Electric
  • Honeywell International Inc.
  • Koninklijke Philips N.V.
  • Syska
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Acuity Brands, Inc.
  • Cisco Systems, Inc.
  • Cree, Inc.
  • Deco Lighting, Inc.
  • Dialight
  • Eaton
  • MORE
Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits For Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools And Models

Chapter 2: Executive Summary
2.1. Key Findings
2.1.1. Top Impacting Factors
2.1.2. Top Investment Pockets
2.2. CXO Perspective

Chapter 3: Market Overview
3.1. Market Definition And Scope
3.2. Key Forces Shaping Smart Lighting Market
3.2.1. Moderate Bargaining Power Of Suppliers
3.2.2. High Threat Of New Entrants
3.2.3. Moderate Threat Of Substitutes
3.2.4. Moderate Intensity Of Rivalry
3.2.5. Moderate Bargaining Power Of Buyers
3.3. Market Dynamics
3.3.1. Drivers
3.3.1.1. Growing Demand Of Street Lighting System
3.3.1.2. Increasing Need For Energy-Efficient Lighting System
3.3.1.3. High Penetration Of LED Bulbs And Lightnings Globally
3.3.2. Restraints
3.3.2.1. High Installation And Maintenance Cost In Smart Lightning System
3.3.3. Opportunities
3.3.3.1. Emergence Of Iot & Ai Technology For Smart Lightning
3.3.3.2. Growing Developments In Smart City Projects, Especially In Apac

Chapter 4: Smart Lighting Market, By Offering
4.1. Overview
4.2. Hardware
4.2.1. Key Market Trends, Growth Factors And Opportunities
4.2.2. Market Size And Forecast, By Region
4.2.3. Market Analysis By Country
4.2.3.1. Lighting Control
4.2.3.2. Fixtures
4.2.3.3. Smart Bulbs
4.2.3.4. Sensors
4.3. Software
4.3.1. Key Market Trends, Growth Factors, And Opportunities
4.3.2. Market Size And Forecast, By Region
4.3.3. Market Analysis By Country

Chapter 5: Smart Lighting Market, By Connectivity Technology
5.1. Overview
5.2. Bluetooth
5.2.1. Key Market Trends, Growth Factors And Opportunities
5.2.2. Market Size And Forecast, By Region
5.2.3. Market Analysis By Country
5.3. Zigbee
5.3.1. Key Market Trends, Growth Factors And Opportunities
5.3.2. Market Size And Forecast, By Region
5.3.3. Market Analysis By Country
5.4. Wifi
5.4.1. Key Market Trends, Growth Factors And Opportunities
5.4.2. Market Size And Forecast, By Region
5.4.3. Market Analysis By Country
5.5. Dali
5.5.1. Key Market Trends, Growth Factors And Opportunities
5.5.2. Market Size And Forecast, By Region
5.5.3. Market Analysis By Country
5.6. Others
5.6.1. Key Market Trends, Growth Factors And Opportunities
5.6.2. Market Size And Forecast, By Region
5.6.3. Market Analysis By Country

Chapter 6: Smart Lighting Market, By Lighting Technology
6.1. Overview
6.2. LED
6.2.1. Key Market Trends, Growth Factors And Opportunities
6.2.2. Market Size And Forecast, By Region
6.2.3. Market Analysis By Country
6.3. Halogen
6.3.1. Key Market Trends, Growth Factors And Opportunities
6.3.2. Market Size And Forecast, By Region
6.3.3. Market Analysis By Country
6.4. Incandescent
6.4.1. Key Market Trends, Growth Factors And Opportunities
6.4.2. Market Size And Forecast, By Region
6.4.3. Market Analysis By Country
6.5. Fluorescent
6.5.1. Key Market Trends, Growth Factors And Opportunities
6.5.2. Market Size And Forecast, By Region
6.5.3. Market Analysis By Country
6.6. Cfl
6.6.1. Key Market Trends, Growth Factors And Opportunities
6.6.2. Market Size And Forecast, By Region
6.6.3. Market Analysis By Country

Chapter 7: Smart Lighting Market, By Application
7.1. Overview
7.2. Indoor Lighting
7.2.1. Key Market Trends, Growth Factors And Opportunities
7.2.2. Market Size And Forecast, By Region
7.2.3. Market Analysis By Country
7.3. Outdoor Lighting
7.3.1. Key Market Trends, Growth Factors And Opportunities
7.3.2. Market Size And Forecast, By Region
7.3.3. Market Analysis By Country

Chapter 8: Smart Lighting Market, By Industry Vertical
8.1. Overview
8.2. Residential
8.2.1. Key Market Trends, Growth Factors And Opportunities
8.2.2. Market Size And Forecast, By Region
8.2.3. Market Analysis By Country
8.3. Commercial
8.3.1. Key Market Trends, Growth Factors And Opportunities
8.3.2. Market Size And Forecast, By Region
8.3.3. Market Analysis By Country
8.4. Industrial
8.4.1. Key Market Trends, Growth Factors And Opportunities
8.4.2. Market Size And Forecast, By Region
8.4.3. Market Analysis By Country
8.5. Automotive
8.5.1. Key Market Trends, Growth Factors And Opportunities
8.5.2. Market Size And Forecast, By Region
8.5.3. Market Analysis By Country
8.6. Others
8.6.1. Key Market Trends, Growth Factors And Opportunities
8.6.2. Market Size And Forecast, By Region
8.6.3. Market Analysis By Country

Chapter 9: Smart Lighting Market, By Region
9.1. Overview
9.2. North America
9.2.1. Key Market Trends, Growth Factors And Opportunities
9.2.2. Market Size And Forecast, By Offering
9.2.3. Market Size And Forecast, By Lighting Technology
9.2.4. Market Size And Forecast, By Connectivity Technology
9.2.5. Market Size And Forecast, By Application
9.2.6. Market Size And Forecast, By Industry Vertical
9.2.7. Market Analysis By Country
9.2.7.1. U.S.
9.2.7.1.1. Market Size And Forecast, By Offering
9.2.7.1.2. Market Size And Forecast, By Lighting Technology
9.2.7.1.3. Market Size And Forecast, By Connectivity Technology
9.2.7.1.4. Market Size And Forecast, By Application
9.2.7.1.5. Market Size And Forecast, By Industrial Vertical
9.2.7.2. Canada
9.2.7.2.1. Market Size And Forecast, By Offering
9.2.7.2.2. Market Size And Forecast, By Lighting Technology
9.2.7.2.3. Market Size And Forecast, By Connectivity Technology
9.2.7.2.4. Market Size And Forecast, By Application
9.2.7.2.5. Market Size And Forecast, By Industrial Vertical
9.2.7.3. Mexico
9.2.7.3.1. Market Size And Forecast, By Offering
9.2.7.3.2. Market Size And Forecast, By Lighting Technology
9.2.7.3.3. Market Size And Forecast, By Connectivity Technology
9.2.7.3.4. Market Size And Forecast, By Application
9.2.7.3.5. Market Size And Forecast, By Industrial Vertical
9.3. Europe
9.3.1. Key Market Trends, Growth Factors And Opportunities
9.3.2. Market Size And Forecast, By Offering
9.3.3. Market Size And Forecast, By Lighting Technology
9.3.4. Market Size And Forecast, By Connectivity Technology
9.3.5. Market Size And Forecast, By Application
9.3.6. Market Size And Forecast, By Industry Vertical
9.3.7. Market Analysis By Country
9.3.7.1. UK
9.3.7.1.1. Market Size And Forecast, By Offering
9.3.7.1.2. Market Size And Forecast, By Lighting Technology
9.3.7.1.3. Market Size And Forecast, By Connectivity Technology
9.3.7.1.4. Market Size And Forecast, By Application
9.3.7.1.5. Market Size And Forecast, By Industrial Vertical
9.3.7.2. Germany
9.3.7.2.1. Market Size And Forecast, By Offering
9.3.7.2.2. Market Size And Forecast, By Lighting Technology
9.3.7.2.3. Market Size And Forecast, By Connectivity Technology
9.3.7.2.4. Market Size And Forecast, By Application
9.3.7.2.5. Market Size And Forecast, By Industrial Vertical
9.3.7.3. France
9.3.7.3.1. Market Size And Forecast, By Offering
9.3.7.3.2. Market Size And Forecast, By Lighting Technology
9.3.7.3.3. Market Size And Forecast, By Connectivity Technology
9.3.7.3.4. Market Size And Forecast, By Application
9.3.7.3.5. Market Size And Forecast, By Industrial Vertical
9.3.7.4. Russia
9.3.7.4.1. Market Size And Forecast, By Offering
9.3.7.4.2. Market Size And Forecast, By Lighting Technology
9.3.7.4.3. Market Size And Forecast, By Connectivity Technology
9.3.7.4.4. Market Size And Forecast, By Application
9.3.7.4.5. Market Size And Forecast, By Industrial Vertical
9.3.7.5. Rest Of Europe
9.3.7.5.1. Market Size And Forecast, By Offering
9.3.7.5.2. Market Size And Forecast, By Lighting Technology
9.3.7.5.3. Market Size And Forecast, By Connectivity Technology
9.3.7.5.4. Market Size And Forecast, By Application
9.3.7.5.5. Market Size And Forecast, By Industrial Vertical
9.4. Asia-Pacific
9.4.1. Key Market Trends, Growth Factors And Opportunities
9.4.2. Market Size And Forecast, By Offering
9.4.3. Market Size And Forecast, By Lighting Technology
9.4.4. Market Size And Forecast, By Connectivity Technology
9.4.5. Market Size And Forecast, By Application
9.4.6. Market Size And Forecast, By Industry Vertical
9.4.7. Market Analysis By Country
9.4.7.1. China
9.4.7.1.1. Market Size And Forecast, By Offering
9.4.7.1.2. Market Size And Forecast, By Lighting Technology
9.4.7.1.3. Market Size And Forecast, By Connectivity Technology
9.4.7.1.4. Market Size And Forecast, By Application
9.4.7.1.5. Market Size And Forecast, By Industrial Vertical
9.4.7.2. Japan
9.4.7.2.1. Market Size And Forecast, By Offering
9.4.7.2.2. Market Size And Forecast, By Lighting Technology
9.4.7.2.3. Market Size And Forecast, By Connectivity Technology
9.4.7.2.4. Market Size And Forecast, By Application
9.4.7.2.5. Market Size And Forecast, By Industrial Vertical
9.4.7.3. India
9.4.7.3.1. Market Size And Forecast, By Offering
9.4.7.3.2. Market Size And Forecast, By Lighting Technology
9.4.7.3.3. Market Size And Forecast, By Connectivity Technology
9.4.7.3.4. Market Size And Forecast, By Application
9.4.7.3.5. Market Size And Forecast, By Industrial Vertical
9.4.7.4. Australia
9.4.7.4.1. Market Size And Forecast, By Offering
9.4.7.4.2. Market Size And Forecast, By Lighting Technology
9.4.7.4.3. Market Size And Forecast, By Connectivity Technology
9.4.7.4.4. Market Size And Forecast, By Application
9.4.7.4.5. Market Size And Forecast, By Industrial Vertical
9.4.7.5. Rest Of Asia-Pacific
9.4.7.5.1. Market Size And Forecast, By Offering
9.4.7.5.2. Market Size And Forecast, By Lighting Technology
9.4.7.5.3. Market Size And Forecast, By Connectivity Technology
9.4.7.5.4. Market Size And Forecast, By Application
9.4.7.5.5. Market Size And Forecast, By Industrial Vertical
9.5. LAMEA
9.5.1. Key Market Trends, Growth Factors And Opportunities
9.5.2. Market Size And Forecast, By Offering
9.5.3. Market Size And Forecast, By Lighting Technology
9.5.4. Market Size And Forecast, By Connectivity Technology
9.5.5. Market Size And Forecast, By Application
9.5.6. Market Size And Forecast, By Industry Vertical
9.5.7. Market Analysis By Country
9.5.7.1. Latin America
9.5.7.1.1. Market Size And Forecast, By Offering
9.5.7.1.2. Market Size And Forecast, By Lighting Technology
9.5.7.1.3. Market Size And Forecast, By Connectivity Technology
9.5.7.1.4. Market Size And Forecast, By Application
9.5.7.1.5. Market Size And Forecast, By Industrial Vertical
9.5.7.2. Middle East
9.5.7.2.1. Market Size And Forecast, By Offering
9.5.7.2.2. Market Size And Forecast, By Lighting Technology
9.5.7.2.3. Market Size And Forecast, By Connectivity Technology
9.5.7.2.4. Market Size And Forecast, By Application
9.5.7.2.5. Market Size And Forecast, By Industrial Vertical
9.5.7.3. Africa
9.5.7.3.1. Market Size And Forecast, By Offering
9.5.7.3.2. Market Size And Forecast, By Lighting Technology
9.5.7.3.3. Market Size And Forecast, By Connectivity Technology
9.5.7.3.4. Market Size And Forecast, By Application
9.5.7.3.5. Market Size And Forecast, By Industrial Vertical

Chapter 10: Competitive Landscape
10.1. Top Winning Strategies
10.1.1. Top Winning Strategies, By Year
10.1.2. Top Winning Strategies, By Development
10.1.3. Top Winning Strategies, By Company
10.2. Product Mapping Of Top 10 Player
10.3. Competitive Dashboard
10.4. Competitive Heatmap
10.5. Key Developments
10.5.1. New Product Launches
10.5.2. Acquisiton
10.5.3. Mergers And Acquisition
10.5.4. Other Developments

Chapter 11: Company Profiles
11.1. Acuity Brands, Inc.
11.1.1. Company Overview
11.1.2. Company Snapshot
11.1.3. Product Portfolio
11.1.4. Business Performance
11.1.5. Key Strategic Moves And Developments
11.2. Cisco Systems, Inc.
11.2.1. Company Overview
11.2.2. Company Snapshot
11.2.3. Operating Business Segments
11.2.4. Product Portfolio
11.2.5. Business Performance
11.2.6. Key Strategic Moves And Developments
11.3. Cree, Inc.
11.3.1. Company Overview
11.3.2. Company Snapshot
11.3.3. Operating Business Segments
11.3.4. Product Portfolio
11.3.5. Business Performance
11.3.6. Key Strategic Moves And Developments
11.4. Eaton
11.4.1. Company Overview
11.4.2. Company Snapshot
11.4.3. Operating Business Segments
11.4.4. Product Portfolio
11.4.5. Business Performance
11.4.6. Key Strategic Moves And Developments
11.5. Deco Lighting, Inc.
11.5.1. Company Overview
11.5.2. Company Snapshot
11.5.3. Product Portfolio
11.5.4. Key Strategic Moves And Developments
11.6. Dialight
11.6.1. Company Overview
11.6.2. Company Snapshot
11.6.3. Operating Business Segments
11.6.4. Product Portfolio
11.6.5. Business Performance
11.6.6. Key Strategic Moves And Developments
11.7. General Electric
11.7.1. Company Overview
11.7.2. Company Snapshot
11.7.3. Operating Business Segments
11.7.4. Product Portfolio
11.7.5. Business Performance
11.7.6. Key Strategic Moves And Developments
11.8. Honeywell International Inc.
11.8.1. Company Overview
11.8.2. Company Snapshot
11.8.3. Operating Business Segments
11.8.4. Product Portfolio
11.8.5. Business Performance
11.8.6. Key Strategic Moves And Developments
11.9. Koninklijke Philips N.V.
11.9.1. Company Overview
11.9.2. Company Snapshot
11.9.3. Operating Business Segments
11.9.4. Product Portfolio
11.9.5. Business Performance
11.9.6. Key Strategic Moves And Developments
11.10. Syska
11.10.1. Company Overview
11.10.2. Company Snapshot
11.10.3. Product Portfolio
11.10.4. Key Strategic Moves And Developments

*Full List of Tables and Figures Available on Enquiry.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Acuity Brands, Inc.
  • Cisco Systems, Inc.
  • Cree, Inc.
  • Deco Lighting, Inc.
  • Dialight
  • Eaton
  • MORE
A new report titled, 'Smart Lighting Market by offering, connectivity technology, lighting technology, application, and industrial vertical: Global Opportunity Analysis and Industry Forecast, 2019-2026,'projects that the global smart lighting market size is estimated to reach $38.68 billion by 2026. In 2019, North America dominated the market, contributing more than a 33% share of the overall revenue, followed by Europe. Emerging advancements in smart lighting; rapid adoption of residential, commercial, and industrial automation; and rise in penetration of smart infrastructure fuel the global smart lighting market growth.

Smart lighting is designed to manage luminance remotely. It ensures energy efficiency and includes automated controls and highly efficient fixtures that can adjust depending on conditions, such as occupancy and external lighting. Lighting is an intentional use of light to add practical and aesthetic effect to a space. Furthermore, these systems include general, accent, and task lighting. Besides this, smart lighting systems ensure lower energy usage and high cost savings.

Recent years have witnessed fast adoption of Zigbee wireless technology in the IoT market. Most smart devices used for residential and commercial purposes are equipped with Zigbee technology. It offers consumers easy-to-use control over installed LED light bulbs, LED fixtures, switches, and remotes, which creates lucrative smart lighting market opportunity globally.

According to smart lighting market, DALI has a major adoption in buildings as it provides manufacturers with reliable low-cost solutions. In addition, benefits of reconfiguration, switching of individual lights as per the need of illumination, and other remote access features drives the demand for DALI system in large space premises.

Among various regions, North America was the highest revenue generator in 2018 and maintain its dominance in the future. This is attributed to the rise in adoption of automation, which creates lucrative opportunities for smart lighting market forecast.

Asia-Pacific is projected to grow at the fastest rate throughout the smart lighting market analysis period, China in this region witnessed the highest demand for smart lighting in 2018, due to wide adoption of autonomous infrastructure and stringent government regulations associated with sustainable development. Moreover, enhancement in industrial autonomy and increase in expenditure in emerging markets such as Latin America and the Middle East to meet the demand for exponentially growing economies in these countries have strengthened the smart lighting market.

The smart lighting market is segmented on the basis of offering, connectivity technology, lighting technology, application, and industrial vertical. On the basis of offering, it is bifurcated into hardware and software. By connectivity technology, it is categorized into Bluetooth, Zigbee, WiFi, and DALI. On the basis of lighting technology, it is classified into LED, halogen, incandescent, Fluorescent, and CFL. The applications covered in the study includes indoor and outdoor lighting. By industrial vertical it is divided into commercial, residential, industrial, automotive and others. Region wise, it is analyzed as North America, Europe, Asia Pacific, and LAMEA.

Key Findings of the Smart Lighting Market:
The DALI segment accounted for the highest smart lighting market in 2018, with $2,075.59 million, growing at a CAGR of 15.00%, from 2019 to 2026.
The automotive industry generated the highest revenue, accounting for $1,398.08 million in 2018.
Asia-Pacific is expected to dominate the smart lighting market share, garnering 23.70% of the total share during the forecast period.
Key players analyzed in the report for smart lighting industry are Acuity Brands, Inc., Cisco Systems, Inc., Cree, Inc., Eaton, Deco Lighting, Inc., Dialight, General Electric, Honeywell International Inc., Koninklijke Philips N.V. and Syska. The key players adopted various key strategies such as product launch, collaboration, partnership, acquisition, and agreements to drive the market.
Note: Product cover images may vary from those shown
  • Acuity Brands, Inc.
  • Cisco Systems, Inc.
  • Cree, Inc.
  • Eaton
  • Deco Lighting, Inc.
  • Dialight
  • General Electric
  • Honeywell International Inc.
  • Koninklijke Philips N.V.
  • Syska
Note: Product cover images may vary from those shown

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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