Market Overview

Global Smart Lighting Market 2018-2022| Increasing Adoption of LEDs to Drive Growth| Technavio

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The global smart lighting market is expected to post a CAGR of about 18%
during the period 2018-2022, according to the latest market research
report by Technavio

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Technavio has published a new market research report on the global smart lighting market from 2018-2 ...

Technavio has published a new market research report on the global smart lighting market from 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of the market is the increasing adoption
of LEDs. Smart lighting systems, which integrate LED lamps and
luminaires save energy and offer information that can be used for energy
analysis and maintenance. The lifespan of LEDs plays an important role
in infrastructure such as airports. Thus, the adoption of LED lights for
use in public infrastructure is high.

This market research report on the global
smart lighting market 2018-2022
also provides an analysis of the
most important trends expected to impact the market outlook during the
forecast period. Technavio classifies an emerging trend as a major
factor that has the potential to significantly impact the market and
contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time
only:
View
market snapshot before purchasing

In this report, Technavio highlights the advent of IoT as one of the key
emerging trends in the global smart lighting market:

Global smart lighting market: Advent of IoT

The adoption of IoT in smart lighting solutions has been increasing
owing to the developments in wired and wireless technologies and sensor
technologies. Smart lighting solutions such as smart bulbs and
luminaires provide a better degree of control and interactivity when
compared with traditional lighting solutions.

"IoT facilitates smart lighting fixtures to generate data that can be
used to minimize energy consumption. The development of smart device
applications and cloud-connected lighting systems is accelerated because
of the presence of IoT architectures. This is utilized by the vendors to
develop next-generation IoT smart lighting solutions for homes and
offices,"
says a senior analyst at Technavio for research on
lighting.

Global smart lighting market: Segmentation
analysis

This market research report segments the global smart lighting market by
application (commercial, residential, and public infrastructure) and
geography (the Americas, APAC, and EMEA).

The commercial segment held the largest market share in 2017, accounting
for over 55% of the market. This application segment is expected to
dominate the global market throughout the forecast period.

EMEA led the market in 2017 with more than 41% of the market share,
followed by the Americas and APAC, respectively. EMEA is expected to
dominate the market throughout the period 2018-2022.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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