FAQs

Smart Lighting Global Market Report 2022 – By Product (Smart Bulbs, Fixtures, Lighting Controls), By Application (Commercial, Government, Residential), By Light Source (LED, HID), By Communication Technology (Wired, Wireless) – Market Size, Trends, And Global Forecast 2022-2026

What is the definition of the smart lighting market?

The smart lighting market consists of sales of smart lighting and related services by entities (organizations, sole traders and partnerships) that manufacture smart lighting products used in homes, hospitals, hotels and other types of buildings. Smart lighting is a lighting that can be controlled through an app that is installed in smartphones, tablets or through voice assistant devices such as Amazon Alexa, Google Assistant, Apple Siri and similar other devices.

How will the smart lighting market drivers and restraints affect smart lighting market dynamics? What forces will shape the smart lighting

The smart lighting market growth is aided by government support in developed and developing economies. However, some smart lighting market restraints include the harmful effects of smart lights such as LEDs on health.

What is the forecast market size of the smart lighting market?

The smart lighting market is expected to reach $26.21 billion in 2026 at a rate of 18.8%.

How is the smart lighting segmented?

The global smart lighting market is segmented -
1) By Product: Smart Bulbs, Fixtures, Lighting Controls 2) By Application: Commercial, Government, Residential, Others 3) By Light Source: LED, HID, Others 4) By Communication Technology: Wired, Wireless

Which region has largest share, and what is the market size and growth by geography according to the smart lighting global market report?

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Who are the key players of the smart lighting market?

Top competitors in the smart lighting market are Koninklijke Philips NV, Cree Inc., General Electricity Company, Acuity Brands Inc., Cisco Systems Inc., Eaton, Deco Lighting, Dialight, Honeywell Inc., and Osram Licht AG.

What are the key trends in the smart lighting market?

Major trends influencing the smart lighting market include the use of Li-fi (Light Fidelity) network. Li-Fi is a wireless optical networking technology that uses light-emitting diodes (LEDs) for data transmission. The Li-fi bulbs are equipped with a small chip that modulates the light used for data transmission. The common household LED light bulbs are used to enable data transfer with speeds up to 224 gigabits per second.

What are the major opportunities in the smart lighting market and the approaches companies can take to take advantage of them?

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How does the smart lighting market relate to the overall economy and other similar markets?

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