Semiconductors
Global Smart Lighting Market to 2032
Revenue, 2024 (USD Million)
50,506.38
Forecast, 2032 (USD Million)
258,201.50
CAGR, 2024 - 2032
22.50%
Report Coverage
Global
Global Smart Lighting Market 2018-2032 USD Million
Global Smart Lighting Market, Overview (2024-2032)
Market Growth and Projections:
- Market Size (2024): 50,506.38 USD Million
- Projected Market Size (2032): 258,201.50 USD Million
- CAGR (2024-2032): 22.50%
Key Findings of Global Smart Lighting Market
- The Global Smart Lighting Market is likely to grow at a CAGR of 22.50% during the forecast period of 2024 to 2032.
- Global Smart Lighting Marketsize was valued at 50,506.38 USD Million in 2024.
- In 2024, Retrofit Installation segment dominated the market with the largest market share.
- Wireless Technology in the product segment is expected to witness the fastest growth during the forecast period.
Global Smart Lighting Market Scope
Global Smart Lighting Market Segmentation & Scope
Installation Type
- New Installation
- Retrofit Installation
Communication Technology
- Wireless Technology
- Wired Technology
Application Type
- Outdoor Application
- Indoor Application
Offering
- Services
- Software
- Hardware
Global Smart Lighting Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2018 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 50,506.38 USD Million |
| Market Value in 2032 | 258,201.50 USD Million |
| CAGR (2024-2032) | 22.50% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Installation Type,Communication Technology,Application Type,Offering |
| Largest Segment | Retrofit Installation |
| Fastest Growing Segment | Wireless Technology |
| Major Players | Legrand, Signify Holding, Seiko Epson Corporation, Honeywell International Inc., Others, WOLFSPEED, INC., OSRAM GmbH, Zumtobel Group |
Market Segmentation:
-
Product Segment:
- Largest Segment (2024): Retrofit Installation
- Fastest Growing Segment (2024-2032): Wireless Technology
Regional Insights:
-
Leading Market (2024-2032): Global
- Key Country: U.S., leading in terms of revenue and market share by 2032.
Global Smart Lighting Market Company Share Analysis
| Name | Market Share | OwnnerShip | HQ | Website |
|---|---|---|---|---|
| Legrand | 1,944.00 | public/listed | Massachusetts | www.astrazeneca.com |
| Signify Holding | 1,944.00 | public/listed | Massachusetts | www.astrazeneca.com |
| Seiko Epson Corporation | 1,944.00 | public/listed | Massachusetts | www.astrazeneca.com |
| Honeywell International Inc. | 1,944.00 | public/listed | Massachusetts | www.astrazeneca.com |
| Others | 1,944.00 | public/listed | Massachusetts | www.astrazeneca.com |
| WOLFSPEED | 1,944.00 | public/listed | Massachusetts | www.astrazeneca.com |
| INC. | 1,944.00 | public/listed | Massachusetts | www.astrazeneca.com |
| OSRAM GmbH | 1,944.00 | public/listed | Massachusetts | www.astrazeneca.com |
| Zumtobel Group | 1,944.00 | public/listed | Massachusetts | www.astrazeneca.com |
Global Smart Lighting Market Geographical Sales Distribution, 2018-2032 USD Million
Global Smart Lighting Market Company Profiling
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Molnlycke Health Care | View profile | 5001-10000 | Gothenburg, Vastra Gotaland, Sweden, Europe | www.molnlycke.com |
| Molnlycke Health Care | View profile | 5001-10000 | Gothenburg, Vastra Gotaland, Sweden, Europe | www.molnlycke.com |
| Molnlycke Health Care | View profile | 5001-10000 | Gothenburg, Vastra Gotaland, Sweden, Europe | www.molnlycke.com |
Frequently Asked Questions
The Global Smart Lighting Market is segmented based on Segmentation Installation Type,Communication Technology,Application Type,Offering.
Global Smart Lighting Market was valued at USD 50,506.38(Revenue in USD Million) in 2018.
Global Smart Lighting Market is projected to grow at a CAGR of 22.50% during the forecast period of 2024 to 2032.
The estimated market value of the Global Smart Lighting Market for final year is USD 258,201.50 (USD Million).
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