Скачать или смотреть How much will the Smart Lighting Market be worth in the future?

The global smart lighting market is projected to reach $38.68 billion by 2026, registering a CAGR of 20.5% during the forecast period.

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Smart lighting is designed to manage luminance remotely. It ensures energy efficiency and includes automated controls and highly efficient features that can adjust depending on conditions such as occupancy and external lighting.

The adoption of IoT and AI technology in the lighting industry has increased the demand for smart lighting for city streets. This leads to the rise in the need for luminescence systems that provide automated operations.

Recent years have witnessed the rapid adoption of Zigbee wireless technology in the IoT market. Most of the smart devices used for residential and commercial purposes are equipped with Zigbee technology. It offers consumers easy-to-use control over installed LED light bulbs, LED fixtures, switches, and remotes.

Advancements in wireless technology and a surge in IoT technology for hyper-connectivity between devices in smart infrastructure are expected to increase the demand for smart lighting globally. Integration of artificial intelligence and IoT in lighting systems provides operational efficiencies such as auto-dimming and intelligent illumination as per the requirement in various applications such as vertical farming, automotive interiors, and smart homes.

Acuity Brands, Inc., Cisco Systems, Inc., Cree, Inc., Eaton, Deco Lighting, Inc., Dialight, General Electric, and Honeywell International Inc. are some players that have adopted different strategies to retain their stand in the market.

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