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Smart Lighting Market worth $17.38 billion by 2030 - Exclusive Report by MarketsandMarkets(TM)
Sunday, March 9, 2025
DELRAY BEACH, Fla., March 4, 2025 /PRNewswire/ -- The global smart lighting market was estimated to be 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 according to a new report by MarketsandMarkets(TM). Rising smart city initiatives across the globe, advancements in AI and edge computing, establishment of standard and digital protocols by authorized bodies, growing demand for IoT-integrated smart lighting, rising adoption of LED lights and luminaires in outdoor applications, and increasing penetration of data analytics in smart lighting are the major factors driving the overall market growth.
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Browse in-depth TOC on "Smart Lighting Market"
150 - Tables
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250 - Pages
Smart Lighting Market Report Scope:
Report Coverage
Details
Market Revenue in 2025
$ 9.86 billion
Estimated Value by 2030
$ 17.38 billion
Growth Rate Poised to grow at a CAGR of 12.0%
Market Size Available for
2020-2030
Forecast Period
2025-2030
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered By Offering, By Installation Type, By Communication Technology, By End-use Application, By
Distribution Channel, By Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Interoperability and compatibility issues
Key Market Opportunities
Emerging smart office and smart retail trends
Key Market Drivers
Growing smart city initiatives across the globe
By end-use application, the indoor application segment to account for the largest market share in 2030
One of the key driving factors for indoor applications in the smart lighting market is the increased emphasis on convenience, energy conservation, and ambiance control in corporate offices, retail stores, and homes. In residential applications, homeowners are drawn to the ease of voice control, automation, and customization offered by smart lighting in domestic environments. Moreover, in the commercial sector, intelligent lighting that responds to various activities and increases well-being and efficiency is becoming increasingly popular due to increased usage of time spent at offices and shopping complexes. Smart lighting solutions are being adopted by businesses at an increasing rate to minimize energy costs, meet sustainability goals, and create aesthetically pleasing, properly lit environments for employees and consumers.
By offering, the services segment is expected to exhibit the highest CAGR between 2025 and 2030
The services segment is estimated to expand with the fastest CAGR in the smart lighting industry owing to the growing demand for smooth integration, customization, and maintenance of intelligent lighting. As consumers shift from traditional lighting to smart lighting, the need for specialized support to install, optimize, and manage such systems to ensure top performance and energy efficiency increases. Moreover, with the fast-paced growth of IoT and cloud-based lighting control, software updates, remote monitoring, and predictive maintenance services have seen an increased demand. Enterprises are also increasingly adopting lighting-as-a-service (LaaS) models, which minimize initial costs and provide continuous support and upgrades.
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Americas to hold the second-largest share in the market from 2025 to 2030
With the extensive adoption of smart lighting in smart homes, commercial buildings, and industrial buildings, the Americas are expected to hold the second-largest market share of smart lighting. Support from government policies, the well-established infrastructure, and the high awareness level among consumers drive the market growth. Demand is fueled in North America, especially in the US and Canada, by strict energy regulations, LED upgrade rebates, and growth in smart city installations. For occupant comfort and energy efficiency, the commercial sector, including office buildings, retail stores, and healthcare facilities, is rapidly adopting smart lighting solutions. Further, residential adoption has been supported by growth in IoT ecosystems and interoperability with voice-controlled devices such as Google Assistant and Amazon Alexa.
Key Players-
The key companies offering smart lighting companies include Signify Holding (Netherlands), Acuity Brands, Inc. (US), Legrand (France), ams-OSRAM AG (Austria), Panasonic Holdings Corporation (Japan), Zumtobel Group (Austria), and LEDVANCE GmbH (Germany) among others.
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Smart Home Market Size, Share & Trends by Product (Lighting Controls, Smart Speaker, Entertainment, Smart Kitchen, HVAC Controls, Security & Access Controls), Offering (Behavioral, Proactive), Sales Channel, Installation Type and Region - Global Forecast to 2029
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