Consumer & Retail

According to a market report by Lucintel, the future of the smart lighting smart bulb market looks promising with opportunities in the indoor lighting and outdoor lighting applications. The global smart lighting smart bulb market is expected to reach an estimated $1.36 billion by 2028 with a CAGR of 9.8% from 2023 to 2028. The major drivers for this market are increasing trend of smart cities and growing adoption for smart LEDs as they help in reducing energy consumption and saving cost.

In this market, wired and wireless are the two types of smart lighting smart bulb used by various end use industries. Lucintel forecasts that wireless is expected to witness higher growth over the forecast period due to the increasing demand for affordable smart light bulbs along with innovative features, which can be used from anywhere and at any time.



Within this market, indoor is expected to witness higher growth over the forecast period due to increasing demand for these smart lights for commercial and residential spaces.



APAC is expected to witness higher growth over the forecast period due to the increasing consumer and commercial usage of smart home solutions in the region.

General Electric, iLumi solutions, OSRAM, Sengled, and Cree are the major suppliers in the global smart lighting smart bulb market.  



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global smart lighting smart bulb market by technology, installation type, application, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities in the Global Smart Lighting Smart Bulb Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global smart lighting smart bulb market by technology, installation type, application, and region, as follows:

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for the smart lighting smart bulb market by technology (wired and wireless), installation type (new installation and retrofit), application (indoor and outdoor), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?