Global Smart Lighting Market to Hit USD 155.75 Bn by 2035 | CAGR 19.8%

Read more about this report- Global Smart Lighting Market to Hit USD 155.75 Bn by 2035 | CAGR 19.8%

The Smart Lighting Market is valued at USD 21.35 Billion in 2024. The Smart Lighting Market will achieve USD 155.75 Billion by 2035 through a projected 19.8% CAGR from 2025 to 2035.

Fast city sprawl and the worldwide shift towards energy efficiency and sustainable building infrastructure development are among the significant contributors to the adoption of smart lighting, whereas the cost of implementation, together with the complexity of the installation process, takes the form of a limitation. The enhanced connection obtained between IoT and AI intelligent lighting control is a big opportunity, leading to improved smart city environments and customisation by the user.

The smart lighting market can be segregated based on component (hardware, software, services), communication technology (wired, wireless), application (commercial, residential, industrial, public infrastructure), and channel of distribution (online, offline). Of these, the commercial application segment dominates because of the increased use of smart buildings and stringent energy-saving laws in business enterprises.

Smart lighting is used in public street lighting, home automation, retail lighting, offices, and industrial lighting. The booming growth of lighting in the public infrastructure is also contributing to the increase in energy efficiency and the safety of the people with the usage of innovations like adaptive lighting technology, motion sensor control, and control through distant services of cloud-based systems.

Green energy regulations, along with energy efficiency compliance, result in important market growth, and with the EU Green Deal, smart lighting is rapidly being integrated into Europe. An example is France, which has rolled out a national programme of modernising street lighting as part of its energy transition policies, enhancing both the use of smart lighting in built-up areas and transport infrastructure.

The smart lighting market is supported by 5 geographic regions, which include North America and Europe, together with Asia Pacific and Latin America, as well as the Middle East and Africa. In the US, the development of intelligent city programmes and the federal government providing incentives related to energy-saving efforts are promoting the popularisation of smart lighting infrastructure.

Signify (previously Philips Lighting), Acuity Brands, OSRAM, Zumtobel Group, and Cree Lighting are constructive players within the smart lighting market. Such firms are influencing the market dynamics by investing in AI-driven lighting systems, networked environments, and internationalisation plans to serve smart cities and sustainable objectives.