Smart Lighting Market Projections, Opportunities & Growth Factors Analyzed until 2027
                     Overview 
The smart lighting market is anticipated to grow by US$25 Billion by 2023 rapidly growing at a 
CAGR of 27% during the forecast period 2017 to 2023. The global smart lighting market is 
driven by growing demand for smart homes around the world and rise in the construction 
projects. These factors have helped shape the Smart Lighting Market and are expected to boost 
the growth. Companies in the smart lighting market could also face challenges such as lack of 
awareness and weak supply chain in some countries. The details covered in the smart lighting 
market report cover all the aspects of the industry. Analysts studying the smart lighting market 
have also shared growth projections in the report and have suggested smart lighting market 
players to plan business strategies accordingly. 
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Regional Overview 
Companies in the Smart Lighting Industry are spread across the world. The smart lighting 
market report provides major information about regional markets of North America, Europe, 
Asia-Pacific (APAC), and the rest of the world. The North American smart lighting market has 
many companies across the United States, Canada, and Mexico. The smart lighting market of 
the Middle East, Africa, and other regions has also been studied by analysts. The regional 
analysis of the smart lighting market can be found in the market research report. Europe has 
companies in the smart lighting market across Germany, France, Spain, Italy, and the United 
Kingdom. A detailed analysis of the smart lighting market across India, China, and Japan in the 
Asia-Pacific region is also presented in the report. 
Market Segmentation 
The global smart lighting market has been segmented based on communication technology, 
product type, component, light source, and application. On the basis of communication 
technology, the market for smart lighting is segmented based on wired, wireless. Additionally, 
the market on the basis of product type, is segmented into luminaries, lighting controls. The 
global market for smart lighting is also covered based on the component segment which is 
further split into software, service. On the basis of light source, the market for smart lighting is 
segmented based on LED, FL, HID. Additionally, the market on the basis of application, is 
segmented into indoor light and outdoor light. 
Factors like more people choosing smart and connected devices over conventional appliances 
as well as high demand from the housing sector for smart lighting support the Smart Lighting 
Market Size. The performance of the smart lighting market has also been studied for the past 
and current years. Additionally, the smart lighting market report provides analysis of these 
segments. The smart lighting market segmental analysis provided in the report offers major 
details about the smart lighting market based on the data and forecasts till 2023.  
Industry News 
SLD Laser, a global pioneer in the corporatization of laser light techniques dependent on gallium 
nitride, completed its acquisition by KYOCERA Corporation of 100% control of SLD Laser. 
(formally named Soraa Laser Diode, Inc.). As a response, SLD Laser now has begun operations as 
a Kyocera group corporation under the title KYOCERA SLD Laser. KSLD will continue to be a 
leader in the future of lighting by designing, producing and selling advanced high-efficiency 
laser-based technologies for versatility, niche lighting, automotive and commercial applications.  
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Competitive Landscape 
The smart lighting market is supported by emergence of connected devices across different 
market industry verticals as well as reduced energy consumption and other benefits help fuel 
the market growth. The population growth around the world and increasing demand of smart 
lighting market based services and products also support the market growth. However, the 
smart lighting market growth can be affected due to unavailability of smart home appliances 
due low income as well as low production capacity in developing countries. The report covers 
all such details which will help companies in the smart lighting market to strengthen their 
business plan and improve their product portfolio. The smart lighting market research report 
also provides company profiles of major companies. The company profiles of many 
organizations operating in the smart lighting market report highlights crucial details like 
company size, revenue growth, and details of mergers and acquisitions taking place in the 
smart lighting market. New companies and established businesses can plan their strategies 
based on this data provided in the smart lighting market research report. 
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