The research study involved 4 major activities in estimating the size of the smart lighting market. Exhaustive secondary research has been done to collect important information about the market and peer markets. The validation of these findings, assumptions, and sizing with the help of primary research with industry experts across the supply chain has been the next step. Both top-down and bottom-up approaches have been used to estimate the market size. Post which the market breakdown and data triangulation have been adopted to estimate the market sizes of segments and sub-segments.
Secondary Research
In the secondary research process, various secondary sources have been referred to for identifying and collecting information required for this study. The secondary sources include annual reports, press releases, investor presentations of companies, white papers, and articles from recognized authors. Secondary research has been mainly done to obtain key information about the market’s value chain, the pool of key market players, market segmentation according to industry trends, regional outlook, and developments from both market and technology perspectives.
Primary Research
In primary research, various primary sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative insights required for this report. Primary sources from the supply side include experts such as CEOs, vice presidents, marketing directors, manufacturers, technology and innovation directors, end users, and related executives from multiple key companies and organizations operating in the smart lighting market ecosystem. After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primary. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report. The breakdown of primary respondents is as follows:
Note: “Others” includes sales, marketing, and product managers
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
The bottom-up procedure has been employed to arrive at the overall size of the smart lighting market.
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Identification of major companies providing smart lighting hardware, software, and services
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Identification of key segments within the smart lighting market across different geographical regions
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Estimation of the market size in various regions by analyzing the adoption of smart lighting solutions across different industries
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Determination of market share estimates for deployments in different end-use application segments by assessing the demand for smart lighting products and solutions
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Tracking ongoing and upcoming developments in smart lighting products
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Compilation of regional market size data for each segment to derive regional market estimates
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Conducting interviews with multiple key leaders to comprehend the smart lighting market scope, product demand, future market growth, and potential impact of economic downturns
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Verification and validation of estimates through cross-checking with primary sources, discussions with leaders, and consultation with domain experts at MarketsandMarkets
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Analysis of various paid and unpaid information sources, including annual reports, press releases, white papers, and databases
The top-down approach has been used to estimate and validate the total size of the smart lighting market.
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Focusing, initially, on the top-line investments and spending in the ecosystems of various industries. Tracking further splits based on product launches, advancements in smart lighting technologies, smart lighting solutions and software used for various industrial applications, and developments in the key market areas
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Representing and developing the information related to market revenue offered by key hardware, software, and service providers
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Carrying out multiple on-field discussions with key opinion leaders across each major company involved in the development of hardware and software components and services pertaining to smart lighting
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Estimating the geographic split using secondary sources based on factors such as the number of players in a specific country and region, types of products, levels of services offered, and types of software implemented.
Smart Lighting Market : Top-Down and Bottom-Up Approach
Data Triangulation
After arriving at the overall market size—using the market size estimation processes as explained above—the market has been split into several segments and subsegments. To complete the entire market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from the demand and supply sides of the smart lighting market.
Market Definition
Smart lighting systems combine automation technologies with connectivity features and intelligent control aspects to deliver enhanced efficiency and improved experience paired with convenience. The system contains LED luminaires, sensors, and wire-based or wireless communication systems to allow remote monitoring and scheduling adjustments based on occupancy status, daylight exposure, and user settings. Users can operate smart lighting systems through mobile applications, voice commands, and centralized automation networks which enable full control of brightness adjustments, color temperature settings, and hue transformation features. These devices play an essential role in residential, commercial, and industrial sectors, helping to reduce energy consumption while aiding sustainability efforts.
Key Stakeholders
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Raw material and component suppliers
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Communication network providers
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Smart lighting device manufacturers
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Original equipment manufacturers
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Semiconductor component suppliers
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Analysts and strategic business planners
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Venture capitalists and start-ups
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Research laboratories and intellectual property (IP) companies
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Technology standards organizations, forums, alliances, and associations
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Hardware vendors
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Software integrators
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Smart lighting solutions-related service providers
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End users
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Government bodies such as regulatory authorities and policymakers
Report Objectives
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To define, estimate, and forecast the smart lighting market based on hardware, software, and services offerings, wired and wireless communication technologies, indoor and outdoor applications, online and offline sales distribution channels, and new and retrofit installation types
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To estimate and project the market size, in terms of value, for various segments with respect to four regions: Americas, Europe, Asia Pacific, and the Rest of the World (ROW)
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To describe and forecast the smart lighting market size, in terms of volume, by hardware offering
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To provide detailed insights regarding drivers, restraints, opportunities, and challenges influencing the growth of the market
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To analyse emerging applications and standards in the smart lighting market
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To examine manufacturers of smart lighting products, their strategies, production plans, and the overall supply chain, including material and component suppliers
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To strategically analyse the micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall market
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To analyse the market opportunities for stakeholders, and provide a comprehensive competitive landscape analysis
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To provide a detailed overview of the smart lighting value chain and ecosystem
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To provide a detailed overview of impact of AI/Gen AI on smart lighting market
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To provide information about the key technology trends, trade analysis, and patents related to the smart lighting market
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To benchmark the market players using the proprietary company evaluation matrix framework, which analyses them on various parameters within the broad categories of market ranking/share and product portfolio
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To analyse competitive developments, such as partnership, acquisitions, agreements, collaborations, and product launches
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To strategically profile key players and analyse their market share, ranking, and core competencies
This research report categorizes the smart lighting market based on offering, communication technology, installation type, distribution channel, end-use application, and region.
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:
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Detailed analysis and profiling of additional market players based on various blocks of the supply chain
LARGEST MARKET SHARE IN 2025
ASIA PACIFIC FASTER-GROWING MARKET IN REGION
User
Sep, 2019
I am very much interested in understanding market revenue and forecast in terms of $ and #units for smart lighting broken down by segments (commercial, industrial, outdoor, residential), and by lighting technology (LED, CFL, HID, etc). Is this information available as a part of this report? .
Zhang
Jul, 2022
I am developing a wireless smart lighting switch for home usage and want to sell it around the world out of china. I would like to know where in the world could that kind of products be best sold to, the market size right now, and the possible prospect, especially for Europe. It’s not in a hurry, no strict timeline, It’s a new tech of controlling any light anywhere using any device connected to the lighting device wirelessly. It’s not decided for the exact market budget including information taking. Only after the product had been developed successfully..
User
Sep, 2019
I'm wireless controller manufacturersand hence, looking specifically into wirelessly connected light bulbs. Do you have any information about this? Also, is the report contain market share analysis of varoius lighting controls manufacturers by region? .
User
Sep, 2019
I am currently a student at the University of Texas. I am researching the smart lighting industry. My group and I have to do a presentation on the market and how it will be affected with in the near future. I feel this article would be very helpful and would like to read it for some more specific details. I am specifically looking forward the market projections for US by region/states for smart lighitng space. Could you share such infomration? If yes, at what cost?.
User
Nov, 2019
My company is the distributors of smart lighting product lines. I am researching about smart lighting market. I am specifically looking for market information about Southeast Asia and Africa Markets. Is your study include detailed information for these 2 regions? If it is not readily available how much time will you need for this?.
User
Mar, 2019
I’m a researcher and analysing smart lightning market in Sweden, Russia and Denmark, compare the demands in them. I am also looking for the market drivers and barrieers within these countries. I feel that your report will be the greatest source of information for me to prepare! Does your report has information about these countries? at what price? .