PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1671384
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1671384
The global smart lighting market was valued at USD 9.86 billion in 2025 and is projected to reach USD 17.38 billion by 2030; it is expected to register a CAGR of 12.0% during the forecast period.
Scope of the Report | |
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Years Considered for the Study | 2020-2030 |
Base Year | 2024 |
Forecast Period | 2025-2030 |
Units Considered | Value (USD Billion) |
Segments | By Offering, By Installation Type, By Communication Technology, By End-use Application, By Distribution Channel, By Region |
Regions covered | North America, Europe, APAC, RoW |
The increasing adoption of LED lighting and luminaires in outdoor applications, growing penetration of data analytics in smart lighting, emerging smart offices and smart retail trends, rising adoption of human-centric lighting, and development of solar-powered and hybrid smart lighting solutions are the major drivers contributing to the market growth.
"The outdoor application segment is expected to grow at the highest CAGR during the forecast period"
Outdoor application is expected to witness the highest CAGR in the smart lighting market due to increased investments in urban safety initiatives, smart city infrastructure, and mass-level public lighting deployments that are energy-efficient. Governments and local city authorities across the world are retrofitting conventional streetlights with adaptive smart lighting, offering features like remote monitoring, dimmable control, and motion sensing to optimize power utilization. Further, growing concern about enhancing outdoor safety in residential and commercial sectors is driving the demand for smart lighting systems accompanied by surveillance and IoT-based monitoring systems.
"Offline distribution channel segment likely to lead the smart lighting market during the forecast period"
The offline distribution channel is expected to lead the market during the forecast period. Smart lighting consumers continue to use physical channels as their preferred choice for purchase as these channels enable personal interactions while providing firsthand product examinations. The majority of customers prefer to buy smart lighting products through retail outlets or dealerships because they want a firsthand demonstration of products that come with expert advice on quality and selection. Complex smart lighting solutions need specialized installation support which makes offline distribution channels fundamental for customer satisfaction. Moreover, professional customers, like contractors and architects, tend to depend on offline wholesalers and distributors when making bulk orders, tailor-made solutions, and after-sales service.
"India is likely to grow at the highest CAGR during the forecast period"
India is expected to have the highest CAGR in the Asia Pacific smart lighting market owing to fast urbanization, government policies supporting energy efficiency, and smart city projects on a large scale. The government of India has launched several schemes and initiatives to promote energy-efficient lighting; for instance, the Indian government's Street Lighting National Programme (SLNP) has already seen millions of LED streetlights installed, providing a solid base for increased adoption of smart lighting. The increasing IoT and automation penetration in industrial and commercial sectors drive the need for intelligent connected lighting systems that incorporate sensors and artificial intelligence-based control mechanisms. Moreover, the rapid adoption of smart lighting in residential properties continues as LED prices decrease and residents realize the benefits of energy-efficient lighting.
Breakdown of primaries
The smart lighting market is dominated by a few globally established players: Signify Holding (Netherlands), Acuity Brands, Inc. (US), Panasonic Holdings Corporation (Japan), Legrand (France), Zumtobel Group (Austria), and ams-OSRAM AG (Austria), among others. The study includes an in-depth competitive analysis of these key players in the smart lighting market, with their company profiles, recent developments, and key market strategies.
The report segments the smart lighting market and forecasts its size by offering, installation type, end-use application, distribution channel, communication technology, and region. The report also discusses the drivers, restraints, opportunities, and challenges pertaining to the market. It gives a detailed view of the market across four main regions-Americas, Europe, Asia Pacific, and RoW. Value chain analysis has been included in the report, along with the key players and their competitive analysis in the smart lighting ecosystem.