Technology & Telecommunications

According to a market report by Lucintel, the future of the wireless technology in smart lighting market looks promising with opportunities in the commercial, public, and residential applications. The wireless technology in the global smart lighting market is expected to reach an estimated $3.1 billion by 2028 with a CAGR of 12.9% from 2023 to 2028. The major drivers for this market are emergence of Bluetooth 4.0 based smart lights and increasing application of the lights in cafes, hotels, airport departure lounges, and restaurants.



In this market, indoor and outdoor are the two segments of wireless technology in smart lighting market by deployment. Lucintel forecasts that indoor is expected to witness higher growth over the forecast period due to its widespread use in the confined places and growing requirement of lights that turns off automatically when an area or place is unoccupied, thus reducing electricity waste.



Within this market, commercial is expected to witness higher growth over the forecast period due to growing trend of modern workspaces equipped with new technologies to develop a comfortable, productive, and connected work environment.



North America  is expected to witness higher growth over the forecast period due to the increasing demand for smart homes and home automation systems and growing concerns towards safety, comfort, and convenience among consumers.

Acuity Brands, ams-OSRAM AG, Cisco Systems, Deako, and Eaton Corporation are the major suppliers in the wireless technology in the global smart lighting market.  



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the wireless technology in the global smart lighting market by communication technology, offering, installation type, deployment, application, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities for Wireless Technology in the Global Smart Lighting 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 trends and forecast for the wireless technology in the global smart lighting market by communication technology, offering, installation type, deployment, 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 wireless technology in the global smart lighting market by communication technology (bluetooth, enocean, Wi-Fi, z-wave, and zigbee), offering (hardware, services, and software), installation type (new and retrofit), deployment (indoor and outdoor), application (commercial, public, and residential), 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 five years and what has its impact been on the industry?