Smart Lighting Market by Offering (Services, Software, Hardware), Installation Type, Communication Technology, End User, and Geography - Global Industry Analysis, Opportunities and Forecast up to 2030

Smart Lighting Market Size
The global smart lighting market size was valued at $9.35 billion in 2024 and is projected to reach $20.52 billion by 2030, growing at a CAGR of 14.0% during the forecast period.

Smart Lighting Market Overview
Smart lighting refers to lighting systems that are equipped with advanced technology to provide more efficient and customizable illumination. Smart lighting incorporates features such as sensors, connectivity, and automation to adjust brightness, color, and timing based on various factors like occupancy, daylight levels, and user preferences. These systems can be controlled remotely via smartphones or other devices, allowing users to manage their lighting settings from anywhere. Smart lighting not only enhances convenience but also offers energy savings and environmental benefits by optimizing light usage, with its ability to create dynamic lighting environments and improve efficiency.

Smart Lighting Market Dynamics
• The smart lighting market is expected to witness significant growth in the future due to the increasing demand for energy-efficient lighting solutions, advancements in Internet of Things (IoT) technology, and government initiatives promoting smart city projects.
• Additionally, the growing awareness about environmental sustainability, integration of smart lighting with building automation systems, and the expansion of smart lighting applications in residential sector are the prominent factors driving the growth of the smart lighting market.
• However, the high initial costs associated with smart lighting installations, concerns regarding data security and privacy, and compatibility issues with existing infrastructure are restraining the market growth.
• On the contrary, the emergence of innovative lighting control systems, adoption of smart lighting in healthcare and hospitality sectors, and the development of wireless and sensor-based lighting solutions are creating opportunities for market growth.
  
By Communication Technology, Wireless Segment to Exhibit Significant Growth Rate in the Market
The wireless segment is poised to demonstrate notable growth in the market during the forecast period due to its ability to offer convenience and flexibility. This allows users to control their lights remotely through smartphone apps or voice commands without the need for complex wiring. This ease of installation and operation makes wireless smart lighting an attractive option for both homeowners and commercial users alike. Additionally, wireless technology enables seamless integration with other smart home devices and platforms, allowing for advanced automation and customization options. This interconnected ecosystem enhances the overall user experience and opens up possibilities for creating personalized lighting scenarios tailored to individual preferences and needs. Moreover, the increasing adoption of Internet of Things (IoT) technology and the proliferation of connected devices are driving the demand for wireless smart lighting as part of larger smart home and building automation initiatives. Furthermore, the ongoing advancements in wireless communication standards and protocols, such as Bluetooth, Zigbee, and Wi-Fi, are expanding the capabilities and compatibility of wireless smart lighting systems, further fueling their popularity in the market. 

By Geography, Asia Pacific is Projected to Show Strong Presence in the Global Market
The Asia Pacific region is expected to exhibit a robust presence in the global market due to the rapidly growing economy and increasing urbanization. Additionally, the region's large population and expanding middle class are driving consumer demand for smart home technologies, including lighting systems that offer convenience, energy savings, and enhanced control. Moreover, government initiatives promoting energy efficiency and sustainable development are encouraging the adoption of smart lighting solutions, particularly in countries like China, India, and South Korea. Furthermore, the burgeoning construction sector in the region, with projects ranging from residential to commercial and smart city developments, presents significant opportunities for the integration of smart lighting technologies.

Key Target Audience:
• Commercial and Industrial Sectors
• Residential Consumers
• Government and Municipal Authorities
• Lighting Manufacturers and Suppliers
• Technology Providers and Integrators

List of the Key Players Profiled in the Report Includes: 
• Signify Holding 
• Legrand  
• ACUITY BRANDS, INC. 
• ams-OSRAM AG 
• Honeywell International Inc. 
• Zumtobel Group 
• Wipro Lighting  
• Lutron Electronics Co., Inc  
• IDEAL INDUSTRIES, INC.  
• LEDVANCE GmbH 
• Current 
• Savant Systems, Inc
 
Recent Developments:
• In January 2024, Lutron Electronics Co., Inc. unveiled its latest innovation: Maestro dual controls equipped with built-in LED+ advanced dimming technology. Renowned for their reliability in controlling multiple lights or fans from a single location, especially in spaces such as kitchens, closets, and bathrooms, Maestro dual control models have gained widespread popularity among both professional installers and their customers. These updated versions now seamlessly integrate Lutron Electronics Co., Inc.'s LED+ advanced technology, guaranteeing smooth LED dimming without any disruptions, flickering, or shimmering effects.

Market Segmentation:
The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Market by, Offering: 
• Services
• Software
• Hardware
 
Market by, Installation Type:
• New Installations
• Retrofit Installations

Market by, Communication Technology: 
• Wired
• Wireless
 
Market by, End User:
• Outdoor
• Indoor

Market by, Geography:
The smart lighting market report also analyzes the major geographic regions and countries of the market. The regions and countries covered in the study include:
• North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis
• Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis
• Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis
• South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis
• Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis

Scope of the Report:
The report “Global Smart Lighting Market: Industry Analysis, Opportunities and Forecast up to 2030” by Diligence Insights provides a detailed analysis of the present market and future outlook with market estimates and forecasts for all specified segments, encompassing both global and regional perspectives as outlined within the research framework. The study includes historical market data for the years 2022, 2023 and offers revenue estimations for 2024, and project forecasts spanning from 2025 to 2030. It places significant emphasis on the examination of market trends, key industry participants, supply chain developments, technological advancements, pivotal milestones, and prospective strategies. Comprehensive market assessments are carried out across major geographic regions, including North America, Europe, Asia Pacific, South America, and Middle East & Africa. As such, this report constitutes a valuable resource for current industry stakeholders, newcomers to the field, and potential investors.

The study offers an in-depth market analysis, drawing insights from industry experts across the value chain. A special focus has been made on 25 countries, including the United States, Canada, Mexico, the United Kingdom, Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, and South Africa, among others. The market data has been meticulously collected through extensive primary interviews and comprehensive secondary research. Market size determination is rooted in the revenue generated from sales across all the specified segments and sub-segments as defined within the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.

The report offers insights into the following aspects:
• Analysis of major market trends, factors driving, restraining, threatening, and providing opportunities for the market.
• Analysis of the market structure by identifying various segments and sub-segments of the market.
• Understand the revenue forecast of the market for North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
• Analysis of opportunities by identification of high-growth segments/revenue pockets in the market.
• Understand major player profiles in the market and analyze their business strategies.
• Understand competitive developments such as joint ventures, alliances, mergers and acquisitions, and new product launches in the market.

Table Of Content

"1 Market Introduction             
    1.1 Market Definition          
    1.2 Research Scope and Segmentation        
    1.3 Stakeholders          
    1.4 List of Abbreviations         
                
2 Executive Summary              
                
3 Research Methodology             
    3.1 Identification of Data         
    3.2 Data Analysis          
    3.3 Verification          
    3.4 Data Sources          
    3.5 Assumptions          
                
4 Market Dynamics              
    4.1 Market Drivers          
    4.2 Market Restraints          
    4.3 Market Opportunities         
    4.4 Market Challenges                          
                
5 Porter's Five Force Analysis             
    5.1 Bargaining Power of Suppliers         
    5.2 Bargaining Power of Buyers         
    5.3 Threat of New Entrants         
    5.4 Threat of Substitutes         
    5.5 Competitive Rivalry in the Market        
                
6 Global Smart Lighting Market by, Offering           
    6.1 Overview          
    6.2 Services           
             6.2.1 Pre-installation Services
             6.2.2 Post-installation Services
    6.3 Software           
    6.4 Hardware          
             6.4.1 Lights and Luminaires
             6.4.2 Lighting Controls 
                
7 Global Smart Lighting Market by, Installation Type           
    7.1 Overview          
    7.2 New Installations          
    7.3 Retrofit Installations         
                
8 Global Smart Lighting Market by, Communication Technology          
    8.1 Overview          
    8.2 Wired           
             8.2.1 Digital Addressable Lighting Interface (DALI)
             8.2.2 Wired Hybrid Protocols
             8.2.3 Power-Line Communications (PLC)
             8.2.4 Power Over Ethernet (POE)
    8.3 Wireless           
             8.3.1 6LoWPAN 
             8.3.2 Bluetooth Low Energy (BLE)
             8.3.3 EnOcean  
             8.3.4 Wi-Fi  
             8.3.5 Wireless Hybrid Protocols
             8.3.6 ZigBee  
                
9 Global Smart Lighting Market by, End User           
    9.1 Overview          
    9.2 Outdoor           
             9.2.1 Highways & Roadways Lighting
             9.2.2 Architectural Lighting
             9.2.3 Lighting for Public Places
    9.3 Indoor           
             9.3.1 Commercial 
             9.3.2 Industrial  
             9.3.3 Residential 
                
10 Global Smart Lighting Market by, Geography           
    10.1 Overview          
    10.2 North America          
             10.2.1 US  
             10.2.2 Canada  
             10.2.3 Mexico  
    10.3 Europe           
             10.3.1 Germany  
             10.3.2 France  
             10.3.3 UK  
             10.3.4 Italy  
             10.3.5 Spain  
             10.3.6 Rest of Europe 
    10.4 Asia Pacific          
             10.4.1 China  
             10.4.2 Japan  
             10.4.3 India  
             10.4.4 South Korea 
             10.4.5 Australia  
             10.4.6 New Zealand 
             10.4.7 Rest of Asia Pacific 
    10.5 South America          
             10.5.1 Brazil  
             10.5.2 Argentina 
             10.5.3 Chile  
             10.5.4 Rest of South America
    10.6 Middle East & Africa         
             10.6.1 UAE  
             10.6.2 Saudi Arabia 
             10.6.3 Qatar  
             10.6.4 Iran  
             10.6.5 South Africa 
             10.6.6 Rest of Middle East & Africa
                
11 Key Developments              
                
12 Company Profiling              
    12.1 Signify Holding           
             12.1.1 Business Overview 
             12.1.2 Product/Service Offering
             12.1.3 Financial Overview 
             12.1.4 SWOT Analysis 
             12.1.5 Key Activities 
    12.2 Legrand            
    12.3 ACUITY BRANDS, INC.          
    12.4 ams-OSRAM AG           
    12.5 Honeywell International Inc.          
    12.6 Zumtobel Group           
    12.7 Wipro Lighting            
    12.8 Lutron Electronics Co., Inc           
    12.9 IDEAL INDUSTRIES, INC.           
    12.10 LEDVANCE GmbH           
    12.11 Current            
    12.12 Savant Systems, Inc