Product Code: MRFR/SEM/2507-CR
Market Overview
The global Smart Indoor Lighting market is expected to register a substantial CAGR of 21.7% during the review period. Smart lighting is the underpinning of connected structures for smart structures. Each light is connected to the structure's IP organization, which fills in as the establishment for extra smart associations like security, central air, and even examination and information. Organizations and legislatures all through the world are under expanding strain to save costs while being more energy-proficient and giving individuals protected and sufficiently bright work environments and live
Smart indoor lighting has become well known among educated proprietors of new retail locations, organizations, and private houses as the shoppers can deal with the lights in their homes or working region with a solitary snap on remote gadgets or a straightforward voice acknowledgment framework. With the progression of technology, the lighting business is growing at a quick speed, offering a different determination of smart indoor lights for any spot to enlighten the environmental elements sans hands.
Market Segmentation
The Smart Indoor Lighting Market has been portioned in view of Parts, Communication Technology, Light Sources, Applications, and region.
Considering components, the market is divided into Equipment, Programming, and Administration. Communication technology, the market is sectioned into Wired Communication Technology and Remote Communication Technology.
In view of the light source, the market has been sectioned into Fluorescent Lights, Light Producing Diodes (Drove), and High-Thickness Release Lights. By application, the Smart Indoor Lighting market has been sectioned into Private, Business, and Modern.
Regional Analysis
Europe represented the biggest market share, with a market worth of USD 3,176.5 Million in 2021; enlisting a CAGR of 20.4% during the estimated period is normal. North America is projected to enroll CAGR of 22.4%. The European smart indoor lighting industry is consistently rising, upheld by low loan fees and stable financial development. Financial soundness has, thusly, brought about a lessening in joblessness, in this manner helping customers and business certainty that what's to come is better. The European market is likewise prone to observe a change in its development motor from indoor lighting to the lighting area. Subsequently, there are medium to huge scope business potential open doors in the region.
The North America Smart Indoor Lighting market, in view of the nation, has been portioned into US, Canada, and Mexico. North America is supposed to be the quickest developing region for the worldwide Smart Indoor Lighting market because of a developing spotlight on digitalization, expanding speculations, fast improvement of the framework for smart home purposes, and expanding reception of smart lighting stages in the region.
Major Players
The key players of the global Smart Indoor Lighting market are Signify N.V., Acuity Brands Lighting Inc., General Electric Company, Osram Licht AG, Legrand SA, Hubbell Incorporated, Ideal Industries (CREE), Syska LED, Lifx, Sengled, Lutron Electronics Co., Inc, TCP Lighting, Levitron Manufacturing Co. Inc., Wipro Lighting, and Zumtobel Lighting.
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.
TABLE OF CONTENTS
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 20
2 MARKET INTRODUCTION 23
- 2.1 DEFINITION 23
- 2.2 SCOPE OF THE STUDY 23
- 2.3 RESEARCH OBJECTIVE 23
- 2.4 LIST OF ASSUMPTIONS 24
- 2.5 MARKET STRUCTURE 25
- 2.6 MARKET ATTRACTIVENESS ANALYSIS 25
3 RESEARCH METHODOLOGY 26
4 MARKET DYNAMICS 33
- 4.1 INTRODUCTION 33
- 4.2 DRIVERS 34
- 4.2.1 GROWING BENEFITS OF SMART LIGHTING OVER CONVENTIONAL LIGHTING 34
- 4.2.2 GROWING NEED FOR ENERGY EFFICIENT LIGHTING SYSTEMS 35
- 4.2.3 DESIGNING EFFICIENT SMART HOME MANAGEMENT WITH IOT SMART LIGHTING 36
- 4.2.4 DRIVERS IMPACT ANALYSIS 36
- 4.3 RESTRAINTS 37
- 4.3.1 HIGH INITIAL COSTS ASSOCIATED WITH SMART LIGHTING EQUIPMENT'S 37
- 4.3.2 SECURITY AND RELIABILITY ISSUES WITH IOT BASED LIGHTING SYSTEMS 37
- 4.4 OPPORTUNITIES 38
- 4.4.1 DIGITAL INTEGRATION IN SMART LIGHTING DRIVING FUTURE OF SMART CITIES 38
- 4.4.2 LIGHTING INDUSTRY WITNESSING RAPID TRANSFORMATIONS IN SEMICONDUCTOR TECHNOLOGY 39
- 4.4.3 GROWING REQUIREMENTS OF HUMAN CENTRIC LIGHTING SOLUTIONS 39
- 4.4.4 RISING DEMAND FOR POE (POWER OVER ETHERNET) BASED LIGHTING SOLUTIONS 39
- 4.5 CHALLENGES 40
- 4.5.1 CONNECTIVITY CHALLENGES WITH SMART LIGHTING SOLUTIONS 40
- 4.5.2 CHALLENGES OF THE INTEGRATION OF LIGHTING SYSTEMS AND COMPONENTS IN IOT 40
- 4.6 IMPACT ANALYSIS OF COVID-19 41
- 4.6.1 IMPACT OF COVID-19 ON THE SEMICONDUCTOR INDUSTRY 41
- 4.6.2 GROWING IMPORTANCE OF SMART LIGHTING SYSTEM TECHNOLOGY 41
- 4.6.3 SMART LIGHTING IN WORKPLACES POST COVID 42
- 4.6.4 GROWING IMPORTANCE OF SMART CITIES IN THE POST COVID ERA 43
5 MARKET FACTOR ANALYSIS 44
- 5.1 SUPPLY CHAIN ANALYSIS 44
- 5.1.1 HARDWARE MANUFACTURERS 44
- 5.1.2 PLATFORM DEVELOPERS 44
- 5.1.3 TECHNOLOGY PROVIDERS 45
- 5.1.4 SYSTEM INTEGRATORS 45
- 5.1.5 DISTRIBUTORS/RESELLERS 45
- 5.1.6 END USERS 45
- 5.2 PORTER'S FIVE FORCES MODEL 46
- 5.2.1 THREAT OF NEW ENTRANTS 46
- 5.2.2 BARGAINING POWER OF SUPPLIERS 47
- 5.2.3 BARGAINING POWER OF BUYERS 47
- 5.2.4 THREAT OF SUBSTITUTES 47
- 5.2.5 INTENSITY OF RIVALRY 47
6 GLOBAL SMART INDOOR LIGHTING MARKET, BY COMPONENT 48
- 6.1 OVERVIEW 48
- 6.2 HARDWARE 49
- 6.2.1 LUMINARIES 49
- 6.2.1.1 SMART BULBS 50
- 6.2.1.2 FIXTURES 50
- 6.2.2 LIGHTING CONTROLS 50
- 6.2.2.1 LED DRIVERS AND BALLASTS 50
- 6.2.2.2 SENSORS 51
- 6.2.2.3 SWITCHES AND DIMMERS 51
- 6.2.2.4 RELAY UNITS 51
- 6.2.2.5 GATEWAYS 51
- 6.3 SOFTWARE 51
- 6.4 SERVICES 51
7 GLOBAL SMART INDOOR LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY 52
- 7.1 OVERVIEW 52
- 7.2 WIRED COMMUNICATION TECHNOLOGY 53
- 7.2.1 DIGITAL ADDRESSABLE LIGHTING INTERFACE (DALI) 53
- 7.2.2 POWERLINE COMMUNICATIONS 54
- 7.2.3 POWER OVER ETHERNET (POE) 54
- 7.2.4 WIRE HYBRID PROTOCOL 54
- 7.2.5 OTHERS 54
- 7.3 WIRELESS COMMUNICATION TECHNOLOGY 55
- 7.3.1 ZIGBEE 55
- 7.3.2 BLUETOOTH LE 55
- 7.3.3 ENOCEAN 55
- 7.3.4 WI-FI 56
- 7.3.5 6LOWPAN 56
- 7.3.6 LI-FI 56
- 7.3.7 OTHERS 56
8 GLOBAL SMART INDOOR LIGHTING MARKET, BY LIGHT SOURCE 57
- 8.1 OVERVIEW 57
- 8.2 FLUORESCENT LAMPS 58
- 8.3 LIGHT EMITTING DIODES (LED) 58
- 8.4 HIGH DENSITY DISCHARGE LAMPS 58
9 GLOBAL SMART INDOOR LIGHTING MARKET, BY APPLICATION 59
- 9.1 OVERVIEW 59
- 9.2 RESIDENTIAL 60
- 9.3 COMMERCIAL 60
- 9.4 INDUSTRIAL 61
10 GLOBAL SMART INDOOR LIGHTING MARKET, BY REGION 62
- 10.1 OVERVIEW 62
- 10.1.1 MARKET ESTIMATES AND FORECAST, BY REGION 62
- 10.2 EUROPE 64
- 10.2.1 MARKET ESTIMATES AND FORECAST, BY COUNTRY 64
- 10.2.2 MARKET ESTIMATES AND FORECAST, BY COMPONENT 65
- 10.2.3 MARKET ESTIMATES AND FORECAST, BY COMMUNICATION TECHNOLOGY 67
- 10.2.4 MARKET ESTIMATES AND FORECAST, BY LIGHT SOURCE 68
- 10.2.5 MARKET ESTIMATES AND FORECAST, BY APPLICATION 69
- 10.2.6 GERMANY 70
- 10.2.6.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 70
- 10.2.7 MARKET ESTIMATES AND FORECAST, BY COMMUNICATION TECHNOLOGY 71
- 10.2.7.1 MARKET ESTIMATES AND FORECAST, BY LIGHT SOURCE 72
- 10.2.7.2 MARKET ESTIMATES AND FORECAST, BY APPLICATION 72
- 10.2.8 UK 73
- 10.2.8.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 73
- 10.2.9 MARKET ESTIMATES AND FORECAST, BY COMMUNICATION TECHNOLOGY 74
- 10.2.9.1 MARKET ESTIMATES AND FORECAST, BY LIGHT SOURCE 75
- 10.2.9.2 MARKET ESTIMATES AND FORECAST, BY APPLICATION 75
- 10.2.10 FRANCE 76
- 10.2.10.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 76
- 10.2.11 MARKET ESTIMATES AND FORECAST, BY COMMUNICATION TECHNOLOGY 77
- 10.2.11.1 MARKET ESTIMATES AND FORECAST, BY LIGHT SOURCE 78
- 10.2.11.2 MARKET ESTIMATES AND FORECAST, BY APPLICATION 78
- 10.2.12 REST OF EUROPE 79
- 10.2.12.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 79
- 10.2.13 MARKET ESTIMATES AND FORECAST, BY COMMUNICATION TECHNOLOGY 80
- 10.2.13.1 MARKET ESTIMATES AND FORECAST, BY LIGHT SOURCE 81
- 10.2.13.2 MARKET ESTIMATES AND FORECAST, BY APPLICATION 81
- 10.3 NORTH AMERICA 82
- 10.3.1 MARKET ESTIMATES AND FORECAST, BY COUNTRY 82
- 10.3.2 MARKET ESTIMATES AND FORECAST, BY COMPONENT 83
- 10.3.3 MARKET ESTIMATES AND FORECAST, BY COMMUNICATION TECHNOLOGY 85
- 10.3.4 MARKET ESTIMATES AND FORECAST, BY LIGHT SOURCE 86
- 10.3.5 MARKET ESTIMATES AND FORECAST, BY APPLICATION 87
- 10.3.6 US 88
- 10.3.6.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 88
- 10.3.7 MARKET ESTIMATES AND FORECAST, BY COMMUNICATION TECHNOLOGY 89
- 10.3.7.1 MARKET ESTIMATES AND FORECAST, BY LIGHT SOURCE 90
- 10.3.7.2 MARKET ESTIMATES AND FORECAST, BY APPLICATION 90
- 10.3.8 CANADA 91
- 10.3.8.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 91
- 10.3.9 MARKET ESTIMATES AND FORECAST, BY COMMUNICATION TECHNOLOGY 92
- 10.3.9.1 MARKET ESTIMATES AND FORECAST, BY LIGHT SOURCE 93
- 10.3.9.2 MARKET ESTIMATES AND FORECAST, BY APPLICATION 93
- 10.3.10 MEXICO 94
- 10.3.10.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 94
- 10.3.11 MARKET ESTIMATES AND FORECAST, BY COMMUNICATION TECHNOLOGY 95
- 10.3.11.1 MARKET ESTIMATES AND FORECAST, BY LIGHT SOURCE 96
- 10.3.11.2 MARKET ESTIMATES AND FORECAST, BY APPLICATION 96
- 10.4 ASIA-PACIFIC 97
- 10.4.1 MARKET ESTIMATES AND FORECAST, BY COUNTRY 97
- 10.4.2 MARKET ESTIMATES AND FORECAST, BY COMPONENT 98
- 10.4.3 MARKET ESTIMATES AND FORECAST, BY COMMUNICATION TECHNOLOGY 100
- 10.4.4 MARKET ESTIMATES AND FORECAST, BY LIGHT SOURCE 101
- 10.4.5 MARKET ESTIMATES AND FORECAST, BY APPLICATION 102
- 10.4.6 CHINA 103
- 10.4.6.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 103
- 10.4.7 MARKET ESTIMATES AND FORECAST, BY COMMUNICATION TECHNOLOGY 104
- 10.4.7.1 MARKET ESTIMATES AND FORECAST, BY LIGHT SOURCE 105
- 10.4.7.2 MARKET ESTIMATES AND FORECAST, BY APPLICATION 105
- 10.4.8 JAPAN 106
- 10.4.8.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 106
- 10.4.9 MARKET ESTIMATES AND FORECAST, BY COMMUNICATION TECHNOLOGY 107
- 10.4.9.1 MARKET ESTIMATES AND FORECAST, BY LIGHT SOURCE 108
- 10.4.9.2 MARKET ESTIMATES AND FORECAST, BY APPLICATION 108
- 10.4.10 INDIA 109
- 10.4.10.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 109
- 10.4.11 MARKET ESTIMATES AND FORECAST, BY COMMUNICATION TECHNOLOGY 110
- 10.4.11.1 MARKET ESTIMATES AND FORECAST, BY LIGHT SOURCE 111
- 10.4.11.2 MARKET ESTIMATES AND FORECAST, BY APPLICATION 111
- 10.4.12 REST OF ASIA-PACIFIC 112
- 10.4.12.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 112
- 10.4.13 MARKET ESTIMATES AND FORECAST, BY COMMUNICATION TECHNOLOGY 113
- 10.4.13.1 MARKET ESTIMATES AND FORECAST, BY LIGHT SOURCE 114
- 10.4.13.2 MARKET ESTIMATES AND FORECAST, BY APPLICATION 114
- 10.5 MIDDLE EAST & AFRICA 115
- 10.5.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 115
- 10.5.2 MARKET ESTIMATES AND FORECAST, BY COMMUNICATION TECHNOLOGY 117
- 10.5.3 MARKET ESTIMATES AND FORECAST, BY LIGHT SOURCE 118
- 10.5.4 MARKET ESTIMATES AND FORECAST, BY APPLICATION 119
- 10.6 SOUTH AMERICA 120
- 10.6.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 120
- 10.6.2 MARKET ESTIMATES AND FORECAST, BY COMMUNICATION TECHNOLOGY 122
- 10.6.3 MARKET ESTIMATES AND FORECAST, BY LIGHT SOURCE 123
- 10.6.4 MARKET ESTIMATES AND FORECAST, BY APPLICATION 124
11 COMPETITVE LANDSCAPE 125
- 11.1 COMPETITIVE BENCHMARKING 126
- 11.2 VENDOR SHARE ANALYSIS 127
- 11.3 RECENT DEVELOPMENTS 127
- 11.3.1 PRODUCT DEVELOPMENT 127
- 11.3.2 PARTNERSHIPS/AGREEMENTS/CONTRACTS/COLLABORATIONS 130
12 COMPANY PROFILE 132
- 12.1 SIGNIFY N.V. 132
- 12.1.1 COMPANY OVERVIEW 132
- 12.1.2 FINANCIAL OVERVIEW 133
- 12.1.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 134
- 12.1.4 KEY DEVELOPMENTS 139
- 12.1.5 SWOT ANALYSIS 140
- 12.1.6 KEY STRATEGIES 140
- 12.2 ACUITY BRANDS LIGHTING INC. 141
- 12.2.1 COMPANY OVERVIEW 141
- 12.2.2 FINANCIAL OVERVIEW 142
- 12.2.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 142
- 12.2.4 KEY DEVELOPMENTS 147
- 12.2.5 SWOT ANALYSIS 147
- 12.2.6 KEY STRATEGIES 148
- 12.3 GE LIGHTING (GENERAL ELECTRIC COMPANY) 149
- 12.3.1 COMPANY OVERVIEW 149
- 12.3.2 FINANCIAL OVERVIEW 149
- 12.3.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 150
- 12.3.4 KEY DEVELOPMENTS 153
- 12.3.5 SWOT ANALYSIS 153
- 12.3.6 KEY STRATEGIES 154
- 12.4 OSRAM LICHT AG 155
- 12.4.1 COMPANY OVERVIEW 155
- 12.4.2 FINANCIAL OVERVIEW 156
- 12.4.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 156
- 12.4.4 KEY DEVELOPMENTS 159
- 12.4.5 SWOT ANALYSIS 160
- 12.4.6 KEY STRATEGIES 160
- 12.5 LEGRAND SA 161
- 12.5.1 COMPANY OVERVIEW 161
- 12.5.2 FINANCIAL OVERVIEW 162
- 12.5.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 162
- 12.5.4 KEY DEVELOPMENTS 166
- 12.5.5 SWOT ANALYSIS 167
- 12.5.6 KEY STRATEGIES 167
- 12.6 HUBBELL INCORPORATED 168
- 12.6.1 COMPANY OVERVIEW 168
- 12.6.2 FINANCIAL OVERVIEW 169
- 12.6.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 169
- 12.6.4 KEY DEVELOPMENTS 171
- 12.6.5 SWOT ANALYSIS 171
- 12.6.6 KEY STRATEGIES 171
- 12.7 IDEAL INDUSTRIES (CREE) 172
- 12.7.1 COMPANY OVERVIEW 172
- 12.7.2 FINANCIAL OVERVIEW 172
- 12.7.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 172
- 12.7.4 KEY DEVELOPMENTS 175
- 12.8 SYSKA 176
- 12.8.1 COMPANY OVERVIEW 176
- 12.8.2 FINANCIAL OVERVIEW 176
- 12.8.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 176
- 12.8.4 KEY DEVELOPMENTS 178
- 12.9 LIFX 179
- 12.9.1 COMPANY OVERVIEW 179
- 12.9.2 FINANCIAL OVERVIEW 179
- 12.9.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 179
- 12.9.4 KEY DEVELOPMENTS 181
- 12.10 SENGLED 182
- 12.10.1 COMPANY OVERVIEW 182
- 12.10.2 FINANCIAL OVERVIEW 182
- 12.10.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 182
- 12.10.4 KEY DEVELOPMENTS 184
- 12.11 LUTRON ELECTRONICS CO., INC 185
- 12.11.1 COMPANY OVERVIEW 185
- 12.11.2 FINANCIAL OVERVIEW 185
- 12.11.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 185
- 12.11.4 KEY DEVELOPMENTS 187
- 12.12 TCP LIGHTING 188
- 12.12.1 COMPANY OVERVIEW 188
- 12.12.2 FINANCIAL OVERVIEW 188
- 12.12.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 188
- 12.12.4 KEY DEVELOPMENTS 189
- 12.13 LEVITRON MANUFACTURING CO. INC. 190
- 12.13.1 COMPANY OVERVIEW 190
- 12.13.2 FINANCIAL OVERVIEW 190
- 12.13.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 190
- 12.13.4 KEY DEVELOPMENTS 193
- 12.14 WIPRO LIGHTING 194
- 12.14.1 COMPANY OVERVIEW 194
- 12.14.2 FINANCIAL OVERVIEW 195
- 12.14.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 195
- 12.14.4 KEY DEVELOPMENTS 197
- 12.14.5 SWOT ANALYSIS 198
- 12.14.6 KEY STRATEGIES 198
- 12.15 ZUMTOBEL LIGHTING (ZUMTOBEL GROUP AG) 199
- 12.15.1 COMPANY OVERVIEW 199
- 12.15.2 FINANCIAL OVERVIEW 200
- 12.15.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 200
- 12.15.4 KEY DEVELOPMENTS 204
- 12.15.5 SWOT ANALYSIS 204
- 12.15.6 KEY STRATEGIES 205