Smart Lighting Market: Smart Lighting market is expected to grow at a CAGR of 21.2% during the forecasted period.

As per the study initiated by Evolve Business Intelligence, Smart Lighting market size accounted for USD 14.5 Billion in 2022, growing at a CAGR of 21.2% from 2023 to 2033. The smart lighting market has been experiencing significant growth and transformation in recent years. Smart lighting refers to the use of advanced technologies, such as sensors, wireless communication, and intelligent controls, to provide energy-efficient and personalized lighting solutions. These systems can be integrated into residential, commercial, industrial, and outdoor lighting applications.

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Key Highlights:

  • Smart Lighting Market size was valued at USD 14.5 billion in 2022 growing at a CAGR of 21.2% from 2023 to 2033.
  • North America dominated the market in 2022
  • Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2033

Evolve Business Intelligence has recently released a new market research report on the Smart Lighting Market. The report covers a wide range of aspects, such as market size and forecast, market dynamics, analysis of competitors’ market share, value and volume of the market, SWOT analysis, product benchmarking, recent developments of key players, and potential opportunities. Additionally, the market has been assessed based on four indicators in the market dynamic chapter, including Drivers, Restraints, Key Trends, and Challenges.

In terms of COVID 19 impact, Smart Lighting market report also includes the following data points:

  • COVID19 Impact on Smart Lighting market size
  • End-User/Industry/Application Trend, and Preferences
  • Government Policies/Regulatory Framework
  • Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
  • Opportunity in Agricultural Coatings market

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Key Players

Some of the major Smart Lighting players holding high market share include Acuity Brands ., Signify Holding ., Honeywell International Inc. , and Ideal Industries, Inc.. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:

  • Acuity Brands
  • Signify Holding
  • Honeywell International Inc.
  • Itron Inc (Streetlight Vision)
  • Ideal Industries, Inc.
  • Häfele GmbH & Co KG
  • Wipro Consumer Lighting
  • Sengled Optoelectronics Co., Ltd.


Segmental Analysis

Market Segment By Component  with focus on market share, consumption trend, and growth rate of Smart Lighting Market:

  • Hardware
  • Software
  • Services

Market Segment By Application with focus on market share, consumption trend, and growth rate of Smart Lighting Market:

  • Indoor
  • Outdoor

Market Segment By Connectivity with focus on market share, consumption trend, and growth rate of Smart Lighting  Market:


  • Wired
  • Wireless


Parameters Details
Market Size (2022) $ 14.5 Billion
CAGR (2023 to 2033) 21.2%
Market Segmentation Component , Application, Connectivity
Country Covered US, Canada, Mexico, UK, Germany, France, Italy, Spain, Nordic Countries, BeNeLux, Rest of Europe, China, India, Japan, South Korea, Indonesia, Malaysia, Australia, Rest of Asia Pacific, Middle East & Africa, and South America

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Smart Lighting Geographic Coverage:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Nordic Countries
    • Benelux
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Indonesia
    • Malaysia
    • Australia
    • Rest of Asia Pacific
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • South Africa
    • Rest of MEA
  • Latin America
    • Mexico
    • Brazil
    • Argentina
    • Rest of Latin America

Reasons to Buy this Report:

  • Detail analysis of the impact of market drivers, restraints, and opportunities
  • Competitive Intelligence provides an understanding of the ecosystem
  • Details analysis of the Total Addressable Market (TAM) of your products
  • Investment Pockets and New Business Opportunities
  • Demand-supply gap analysis
  • Strategy Planning

About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.

Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool – EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune’s global 2000 companies.

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