Smart Lighting Market by Offering (Hardware (Lights & Luminaires, Lighting Controls), Software, and Services), Communication Technology (Wired and Wireless), Installation Type, Application Type, and Geography - Global Forecast to 2023

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Date: 21-Feb-2018
No. of pages: 169
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“The smart lighting market is expected to grow at a CAGR of 21.50% between 2018and 2023”

The smart lighting market is estimated to grow from USD 7.93 billion in 2018to USD 20.98 billion by 2023, at a CAGR of 21.50% between 2018 and 2023. The major factors driving the growth of the smart lighting market include modernization and development of infrastructure to transform cities into smart cities, increased demand for intelligent solutions for street lighting systems, need for energy-efficient lighting systems, increasing adoption and decreasing cost of LEDs, and growing awareness about energy savings among consumers and governments worldwide. However, factors such as perception of higher costs of installation and limited awareness about payback periods, and security and privacy issues in smart lighting systems are restraining the growth of the smart lighting market.

“Wired technology is expected to hold a larger share of the smart lighting market by2023”

Currently, the smart lightings based on wired technology are widely adopted for different types of structures as this technology offer reliable connectivity, with no limitation on long-distance data transfer. Wired communication technologies for smart lightings include Digital Addressable Lighting Interface (DALI), Power-Line Communication (PLC), Power over Ethernet (PoE), and various wired hybrid protocols which include various company-specific proprietary protocols. Wired communication protocols are preferred in the applications where performance and reliability are crucial.

“The smart lighting market in APAC expected to grow at the highest CAGR between 2018 and 2023”

The growth of the market in APAC is attributed to the rapid infrastructure building activities being undertaken in APAC, mainly China, India, and Japan, where smart lighting paves the way for the modernization of infrastructure. Further, the increasing investments from the government sector also enhance the infrastructure facility in the country. Moreover, rising government expenditure on public infrastructure and increasing adoption of energy-efficient lighting systems are the major driving factors for the growth of the smart lighting market in APAC.

In the process of determining and verifying the market sizes for several segments obtained through secondary research, extensive primary interviews have been conducted with the key industry people. The break-up of the profile of primary participants has been given below.


  • By Company Type: Tier 1 = 20%, Tier 2 = 45%, and Tier 3 = 35%

  • By Designation: C-Level Executives = 35%, Directors= 25%, Others=40%

  • By Region: Americas = 45%, Europe = 25%, APAC = 20%, and RoW = 10%


The report profiles the top players in the smart lighting market, along with providing their respective market ranking. Prominent players in the market include Philips Lighting (Netherlands), Hafele Group (Germany), Acuity Brands (US), OSRAM (Germany), Cree (US), Hubbell Lighting (US), Zumtobel Group (Austria), Honeywell (US), Legr and (France), Eaton (Ireland), Lutron Electronics (US), and General Electric (US).

Research Coverage:


  • The smart lighting market based on offering covers hardware, software, and services.

  • The smart lighting market based on communication technology has been segmented into wired and wireless technologies.

  • The smart lighting market based on application type covers indoor and outdoor applications.

  • The smart lighting market based on installation type includes new installations and retrofit installations.

  • The geographic analysis has been conducted with regard to North America, Europe, APAC, and RoW.


Reasons to Buy This Report:

From an insight perspective, this research report has focused on various levels of analysis—market ranking of top players; value chain analysis; company profiles that provide the basic views on the competitive landscape; emerging and high-growth segments of the market; high-growth regions; and market dynamics such as drivers, restraints, opportunities, and challenges.

The report provides insights on the following pointers:


  • Market development: Comprehensive information about lucrative emerging markets and analysis of the smart lighting market across various regions

  • Market diversification: Exhaustive information about new products, untapped geographic regions, and recent developments in the overall smart lighting market

  • Competitive assessment: In-depth assessment of ranking, growth strategies, and products ofthe leading players in the smart lighting market

Smart Lighting Market by Offering (Hardware (Lights & Luminaires, Lighting Controls), Software, and Services), Communication Technology (Wired and Wireless), Installation Type, Application Type, and Geography - Global Forecast to 2023

Table of Contents

1 Introduction
1.1 Objectives of Study
1.2 Definition
1.3 Scope of Study
1.3.1 Markets Covered
1.3.2 Geographic Scope
1.3.3 Years Considered for Study
1.4 Currency
1.5 Package Size
1.6 Limitations
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities for Smart Lighting Market
4.2 Smart Lighting Market for Services
4.3 Smart Lighting Market for Hardware
4.4 Smart Lighting Market for Indoor Application
4.5 Smart Lighting Market for Lighting Control
4.6 Smart Lighting Market for Wired Communication Technology
4.7 Smart Lighting Market in APAC for Outdoor Application
4.8 Country-Wise Analysis of Smart Lighting Market

5 Market Overview
5.1 Market Dynamics
5.1.1 Drivers
5.1.1.1 Modernization and Development of Infrastructure to Transform Cities Into Smart Cities
5.1.1.2 Increased Demand for Intelligent Solutions for Street Lighting Systems
5.1.1.3 Need for Energy-Efficient Lighting Systems
5.1.1.4 Increasing Penetration and Decreasing Cost of LEDs
5.1.1.5 Growing Awareness About Energy Savings Among Consumers and Governments Worldwide
5.1.2 Restraints
5.1.2.1 Perception of Higher Costs of Installation and Limited Awareness About Payback Periods
5.1.2.2 Security and Privacy Issues in Smart Lighting Systems
5.1.3 Opportunities
5.1.3.1 Advancement of Wireless Communication Technology for Smart Lighting Systems
5.1.3.2 Increasing Number of Smart City Projects
5.1.3.3 Development of IoT Technology for Smart Lighting
5.1.4 Challenges
5.1.4.1 Lack of Universal Open Standards for Aiding Communication Between All IoT Devices

6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.2.1 Research & Product Development
6.2.2 Raw Material/Component Providers
6.2.3 Original Equipment Manufacturers (OEMS)
6.2.4 Key Technology Providers/System Integrators
6.2.5 Distributors/Sales Offices
6.2.6 End Users
6.3 Key Industry Trends

7 Smart Lighting Market, By Offering
7.1 Introduction
7.2 Hardware
7.2.1 Lights & Luminaires
7.2.1.1 Smart Bulbs
7.2.1.2 Fixtures
7.2.2 Lighting Controls
7.2.2.1 LED Drivers & Ballasts
7.2.2.2 Sensors
7.2.2.3 Switches & Dimmers
7.2.2.3.1 Switches
7.2.2.3.1.1 Manual On/Off Switches
7.2.2.3.1.2 Electronic Switches
7.2.2.3.2 Dimmers
7.2.2.3.2.1 Wired Dimmers
7.2.2.3.2.2 Wireless Dimmers
7.2.2.4 Relay Units
7.2.2.5 Gateways
7.3 Software
7.3.1 Local/Web-Based Software
7.3.2 Cloud-Based Software
7.4 Services
7.4.1 Design & Engineering
7.4.2 Installation Services
7.4.3 Post-Installation Services

8 Smart Lighting Market, By Communication Technology
8.1 Introduction
8.2 Wired Technology
8.2.1 Digital Addressable Lighting Interface
8.2.2 Power-Line Communication
8.2.3 Power Over Ethernet
8.2.4 Wired Hybrid Protocols
8.3 Wireless Technology
8.3.1 Zigbee
8.3.2 Bluetooth/Bluetooth Low Energy
8.3.3 Enocean
8.3.4 Wi-Fi
8.3.5 6lowpan
8.3.6 Wireless Hybrid Protocols

9 Smart Lighting Market, By Application Type
9.1 Introduction
9.2 Indoor Application
9.2.1 Residential
9.2.2 Commercial
9.2.2.1 Retail
9.2.2.2 Hospitality
9.2.2.3 Office Lighting
9.2.3 Industrial
9.3 Outdoor Application
9.3.1 Highways & Roadways
9.3.1.1 Highways
9.3.1.2 Street & Roadways
9.3.1.3 Tunnels & Bridges
9.3.2 Architectural
9.3.3 Public Places

10 Smart Lighting Market, By Installation Type
10.1 Introduction
10.2 New Installation
10.3 Retrofit Installation

11 Geographic Analysis
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 France
11.3.3 UK
11.3.4 Italy
11.3.5 Rest of Europe
11.4 APAC
11.4.1 China
11.4.2 Japan
11.4.3 India
11.4.4 Australasia
11.4.5 Rest of APAC
11.5 RoW
11.5.1 Middle East
11.5.2 Africa
11.5.3 South America

12 Competitive Landscape
12.1 Introduction
12.2 Ranking of Market Players, 2017
12.3 Competitive Scenario & Trends
12.3.1 Product Launches& Developments
12.3.2 Partnerships, Contracts, Agreements, & Collaborations
12.3.3 Mergers & Acquisitions

13 Company Profiles
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
13.1 Key Players
13.1.1 Philips Lighting
13.1.2 Acuity Brands
13.1.3 Osram
13.1.4 Cree
13.1.5 General Electric (GE + Current)
13.1.6 Eaton
13.1.7 Honeywell
13.1.8 Legrand
13.1.9 Hubbell Lighting
13.1.10 Zumtobel Group
13.1.11 Hafele Group
13.1.12 Lutron Electronics
13.1.13 Wipro Consumer Care and Lighting
13.1.14 Streetlight.Vision
13.1.15 Virtual Extension
13.1.16 Syska LED
13.1.17 Leviton Manufacturing
13.2 Startup Ecosystem
13.2.1 Switchmate, Inc.
13.2.2 Gooee
13.2.3 Lifx
13.2.4 Isotera
13.2.5 Ketra
13.2.6 Tao Light
13.2.7 Nualight Limited

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix
14.1 Insights of Industry Experts
14.2 Discussion Guide
14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
14.4 Introducing RT: Real-Time Market Intelligence
14.5 Available Customizations
14.6 Related Reports
14.7 Author Details

List of Tables

Table 1 Smart Lighting Market, By Offering, 2015–2023 (USD Billion)
Table 2 Smart Lighting Market for Hardware, By Component, 2015–2023 (USD Billion)
Table 3 Smart Lighting Market for Hardware, By Region, 2015–2023 (USD Billion)
Table 4 Smart Lighting Market for Lighting Controls, By Component, 2015–2023 (USD Billion)
Table 5 Smart Lighting Market for Lighting Controls, By Component, 2015–2023 (Million Units)
Table 6 Smart Lighting Market for Software, By Region, 2015–2023 (USD Billion)
Table 7 Smart Lighting Market for Services, By Service Type, 2015–2023 (USD Billion)
Table 8 Smart Lighting Market for Services, By Region, 2015–2023 (USD Billion)
Table 9 Smart Lighting Market, By Communication Technology, 2015–2023 (USD Billion)
Table 10 Smart Lighting Market for Wired Communication Technology, By Type, 2015–2023 (USD Billion)
Table 11 Smart Lighting Market for Wired Communication Technology, By Region, 2015–2023 (USD Billion)
Table 12 Smart Lighting Market for By Wireless Communication Technology, By Type, 2015–2023 (USD Billion)
Table 13 Smart Lighting Market for Wireless Communication Technology, By Region, 2015–2023 (USD Billion)
Table 14 Smart Lighting Market, By Application Type, 2015–2023 (USD Billion)
Table 15 Smart Lighting Market for Indoor Application, By Type, 2015–2023 (USD Billion)
Table 16 Smart Lighting Market for Indoor Application, By Region, 2015–2023 (USD Billion)
Table 17 Indoor Smart Lighting Market for Residential Application, By Region, 2015–2023 (USD Billion)
Table 18 Indoor Smart Lighting Market for Commercial Application, By Region, 2015–2023 (USD Billion)
Table 19 Indoor Smart Lighting Market for Industrial Application, By Region, 2015–2023 (USD Billion)
Table 20 Smart Lighting Market for Outdoor Application, By Type, 2015–2023 (USD Billion)
Table 21 Smart Lighting Market for Outdoor Application, By Region, 2015–2023 (USD Billion)
Table 22 Outdoor Smart Lighting Market for Highways and Roadways Application, By Region, 2015–2023 (USD Billion)
Table 23 Outdoor Smart Lighting Market for Architectural Application, By Region, 2015–2023 (USD Billion)
Table 24 Outdoor Smart Lighting Market for Public Place Application, By Region, 2015–2023 (USD Billion)
Table 25 Smart Lighting Market, By Installation Type, 2015–2023 (USD Billion)
Table 26 Smart Lighting Market for New Installation, By Region, 2015–2023 (USD Billion)
Table 27 Smart Lighting Market for Retrofit Installation, By Region, 2015–2023 (USD Billion)
Table 28 Smart Lighting Market, By Region, 2015–2023 (USD Billion)
Table 29 Smart Lighting Market in North America, By Offering, 2015–2023 (USD Billion)
Table 30 Smart Lighting Market in North America for Hardware, By Component, 2015–2023 (USD Billion)
Table 31 Smart Lighting Market in North America for Services, By Service Type, 2015–2023 (USD Billion)
Table 32 Smart Lighting Market in North America, By Communication Technology, 2015–2023 (USD Billion)
Table 33 Smart Lighting Market in North America, By Application Type, 2015–2023 (USD Billion)
Table 34 Smart Lighting Market in North America for Indoor Application, By Type, 2015–2023 (USD Billion)
Table 35 Smart Lighting Market in North America for Outdoor Application, By Type, 2015–2023 (USD Billion)
Table 36 Smart Lighting Market in North America, By Installation Type, 2015–2023 (USD Billion)
Table 37 Smart Lighting Market in North America, By Country, 2015–2023 (USD Billion)
Table 38 Smart Lighting Market in Europe, By Offering, 2015–2023 (USD Billion)
Table 39 Smart Lighting Market in Europe for Hardware, By Component, 2015–2023 (USD Billion)
Table 40 Smart Lighting Market in Europe for Services, By Service Type, 2015–2023 (USD Billion)
Table 41 Smart Lighting Market in Europe, By Communication Technology, 2015–2023 (USD Billion)
Table 42 Smart Lighting Market in Europe, By Application Type, 2015–2023 (USD Billion)
Table 43 Smart Lighting Market in Europe for Indoor Application, By Type, 2015–2023 (USD Billion)
Table 44 Smart Lighting Market in Europe for Outdoor Application, By Type, 2015–2023 (USD Billion)
Table 45 Smart Lighting Market in Europe, By Installation Type, 2015–2023 (USD Billion)
Table 46 Smart Lighting Market in Europe, By Country, 2015–2023 (USD Billion)
Table 47 Smart Lighting Market in APAC, By Offering, 2015–2023 (USD Billion)
Table 48 Smart Lighting Market in APAC for Hardware, Based on Component, 2015–2023 (USD Billion)
Table 49 Smart Lighting Market in APAC for Services, By Service Type, 2015–2023 (USD Billion)
Table 50 Smart Lighting Market in APAC, By Communication Technology, 2015–2023 (USD Billion)
Table 51 Smart Lighting Market in APAC, By Application Type, 2015–2023 (USD Billion)
Table 52 Smart Lighting Market in APAC for Indoor Application, By Type, 2015–2023 (USD Billion)
Table 53 Smart Lighting Market in APAC for Outdoor Application, By Type, 2015–2023 (USD Billion)
Table 54 Smart Lighting Market in APAC, By Installation, 2015–2023 (USD Billion)
Table 55 Smart Lighting Market in APAC, By Country, 2015–2023 (USD Billion)
Table 56 Smart Lighting Market in RoW, By Offering, 2015–2023 (USD Billion)
Table 57 Smart Lighting Market in RoW for Hardware, By Component, 2015–2023 (USD Billion)
Table 58 Smart Lighting Market in RoW for Services, By Service Type, 2015–2023 (USD Billion)
Table 59 Smart Lighting Market in RoW, By Communication Technology, 2015–2023 (USD Billion)
Table 60 Smart Lighting Market in RoW, By Application Type, 2015–2023 (USD Billion)
Table 61 Smart Lighting Market in RoW for Indoor Application, By Type, 2015–2023 (USD Billion)
Table 62 Smart Lighting Market in RoW for Outdoor Application, By Type, 2015–2023 (USD Billion)
Table 63 Smart Lighting Market in RoW, By Installation Type, 2015–2023 (USD Billion)
Table 64 Smart Lighting Market in RoW, By Region, 2015–2023 (USD Billion)
Table 65 Market Ranking: Smart Lighting Market, 2017
Table 66 New Product Launches and Developments in Smart Lighting Market, 2014–2017
Table 67 Partnerships, Contract, Agreements, and Collaborations in Smart Lighting Market, 2015 and 2016
Table 68 Mergers and Acquisitions in Smart Lighting Market, 2015 and 2017

List of Figures

Figure 1 Smart Lighting Market Segmentation
Figure 2 Smart Lighting Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Wired Communication Technology Held Larger Size of Smart Lighting Market in 2018
Figure 7 Smart Lighting Market for Services to Grow at Highest CAGR During Forecast Period
Figure 8 Smart Lighting Market for Zigbee Wireless Protocol to Grow at Highest CAGR During Forecast Period
Figure 9 Indoor Application to Hold Larger Size of Smart Lighting Market During Forecast Period
Figure 10 Smart Lighting Market for New Installation to Grow at Higher CAGR During Forecast Period
Figure 11 Europe Held Largest Share of Smart Lighting Market in 2017
Figure 12 Requirement of Energy-Efficient Lighting Would Drive Growth of Smart Lighting Market During Forecast Period
Figure 13 Smart Lighting Market for Post-Installation Services to Grow at Highest CAGR During 2018–2023
Figure 14 Lights and Luminaires to Hold Larger Share of Smart Lighting Market for Hardware in 2018
Figure 15 Smart Lighting Market for Residential Application to Grow at Highest CAGR During 2018–2023
Figure 16 LED Drivers and Ballasts to Hold Largest Share of Smart Lighting Market for Lighting Control Hardware During Forecast Period
Figure 17 Digital Addressable Lighting Interface to Hold Largest Share of Smart Lighting Market for Wired Communication Technology During Forecast Period
Figure 18 China Estimated to Hold Largest Share of Smart Lighting Market in APAC for Outdoor Application in 2018
Figure 19 US to Hold Largest Share of Smart Lighting Market in 2018
Figure 20 Market Dynamics: Overview
Figure 21 Benefits of Smart Lighting in Street Lighting
Figure 22 Annual Energy Consumption in US Commercial and Industrial Sectors, 2013
Figure 23 Reduction in LED Prices
Figure 24 Smart Lighting Market: Value Chain Analysis
Figure 25 Greater Vertical Integration as Leading Trend Among Key Smart Lighting Market Players
Figure 26 Smart Lighting Market for Services to Grow at Highest CAGR During Forecast Period
Figure 27 Smart Lighting Market for Wireless Communication Technology to Grow at Higher CAGR During Forecast Period
Figure 28 Smart Lighting Market for Outdoor Application to Grow at Higher CAGR During Forecast Period
Figure 29 Smart Lighting Market for New Installation to Grow at Higher CAGR During Forecast Period
Figure 30 Geographic Snapshot: Smart Lighting Market in APAC Expected to Grow at the Highest Rate Between 2018 and 2023
Figure 31 North America: Smart Lighting Market Snapshot
Figure 32 US to Hold Largest Size of Smart Lighting Market in North America By 2023
Figure 33 Europe: Smart Lighting Market Snapshot
Figure 34 Smart Lighting Market in Europe for Indoor Residential Application to Grow at Highest CAGR During Forecast Period
Figure 35 APAC: Smart Lighting Market Snapshot
Figure 36 China to Hold Largest Size of Smart Lighting Market in APAC During Forecast Period
Figure 37 Companies in Smart Lighting Market Adopted Product Launch and Development as Key Growth Strategy
Figure 38 Market Evaluation Framework: Product Launches and Developments Fuelled Growth and Innovation Between 2014 and 2016
Figure 39 Philips Lighting: Company Snapshot
Figure 40 Hafele Group: Company Snapshot
Figure 41 Acuity Brands: Company Snapshot
Figure 42 Osram: Company Snapshot
Figure 43 Wipro Consumer Care and Lighting: Company Snapshot
Figure 44 Eaton: Company Snapshot
Figure 45 Cree: Company Snapshot
Figure 46 Hubbell Lighting: Company Snapshot
Figure 47 General Electric (GE + Current): Company Snapshot
Figure 48 Zumtobel Group: Company Snapshot
Figure 49 Honeywell: Company Snapshot
Figure 50 Legrand S.A.: Company Snapshot

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