Global Smart Lighting Market to 2032
Overview
The Global Smart Lighting Market is expected to reach a 258.20 USD Billion by 2032 and is projected to grow at a CAGR of 22.50% from 2025 to 2032.
Revenue, 2024 (USD Billion)
50.51
Forecast, 2032 (USD Billion)
258.20
CAGR, 2024 - 2032
22.50%
Report Coverage
Global
Global Smart Lighting Market 2018-2032 USD Billion
Global Smart Lighting Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 50.51 USD Billion
- Projected Market Size (2032): 258.20 USD Billion
- CAGR (2025-2032): 22.50%
Key Findings of Global Smart Lighting Market
- The Global Smart Lighting Market was valued at 258.20 USD Billion in 2024.
- The Global Smart Lighting Market is likely to grow at a CAGR of 22.50% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Retrofit Installation in Installation Type Segment accounted for the largest share of the market with a revenue of 35.91 USD Billion
- The fastest growing segment Wireless Technology in Communication Technology Segment grew Fastest with a CAGR of 23.12% during the forecast period from 2024 to 2032.
Global Smart Lighting Market Scope
Global Smart Lighting Market Segmentation & Scope
Installation Type
- New Installation
- Retrofit Installation
Communication Technology
- Wireless Technology
- Wired Technology
Application Type
- Outdoor Application
- Indoor Application
Offering
- Services
- Software
- Hardware
Global Smart Lighting Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2018 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 50.51 USD Billion |
| Market Value in 2032 | 258.20 USD Billion |
| CAGR (2025-2032) | 22.50% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Installation Type,Communication Technology,Application Type,Offering |
Regional Insights:
-
Leading Market (2024-2032): Global, leading in terms of revenue 50.51 USD Billion in 2024
- Key Country: U.S., leading in terms of revenue with value of 16,455.30 USD Million in 2024.
Segments and Scope
-
Global Smart Lighting Market to 2032, By Installation Type
- Retrofit Installation is the largest segment in Global Smart Lighting Market to 2032 with a revenue of 35.91 USD Billion in the year 2024.
- Retrofit Installation is the Fastest growing segment in Global Smart Lighting Market to 2032 with a Growth rate of 22.74 % in forecast period 2025-2032.
-
Global Smart Lighting Market to 2032, By Communication Technology
- Wired Technology is the largest segment in Global Smart Lighting Market to 2032 with a revenue of 31.55 USD Billion in the year 2024.
- Wireless Technology is the Fastest growing segment in Global Smart Lighting Market to 2032 with a Growth rate of 22.13 % in forecast period 2025-2032.
-
Global Smart Lighting Market to 2032, By Application Type
- Indoor Application is the largest segment in Global Smart Lighting Market to 2032 with a revenue of 35.29 USD Billion in the year 2024.
- Indoor Application is the Fastest growing segment in Global Smart Lighting Market to 2032 with a Growth rate of 22.70 % in forecast period 2025-2032.
-
Global Smart Lighting Market to 2032, By Offering
- Hardware is the largest segment in Global Smart Lighting Market to 2032 with a revenue of 29.63 USD Billion in the year 2024.
- Hardware is the Fastest growing segment in Global Smart Lighting Market to 2032 with a Growth rate of 22.96 % in forecast period 2025-2032.
Global Smart Lighting Market Company Share Analysis
| Company Name |
|
||
| Legrand | |||
| Signify Holding | |||
| Seiko Epson Corporation | |||
| Honeywell International Inc. | |||
| WOLFSPEED, INC. | |||
Global Smart Lighting Market Geographical Sales Distribution, 2018-2032 USD Billion
Global Smart Lighting Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Global Smart Lighting Market is segmented based on Segmentation Installation Type,Communication Technology,Application Type,Offering.
Global Smart Lighting Market was valued at USD 50.51(Revenue in USD Billion) in 2018.
Global Smart Lighting Market is projected to grow at a CAGR of 22.50% during the forecast period of 2024 to 2032.
The Retrofit Installation segment is expected to dominate the Global Smart Lighting Market, holding a largest market share of 35.91 USD Billion in 2024
Global Smart Lighting Market Scope
Global Smart Lighting Market Segmentation & Scope
Installation Type
- New Installation
- Retrofit Installation
Communication Technology
- Wireless Technology
- Wired Technology
Application Type
- Outdoor Application
- Indoor Application
Offering
- Services
- Software
- Hardware
Frequently Asked Questions
The Global Smart Lighting Market is segmented based on Segmentation Installation Type,Communication Technology,Application Type,Offering.
Global Smart Lighting Market was valued at USD 50.51(Revenue in USD Billion) in 2018.
Global Smart Lighting Market is projected to grow at a CAGR of 22.50% during the forecast period of 2024 to 2032.
The estimated market value of the Global Smart Lighting Market for final year is USD 258.20 (USD Billion).
Global Smart Lighting Market Company Profiling
Frequently Asked Questions
The Global Smart Lighting Market is segmented based on Segmentation Installation Type,Communication Technology,Application Type,Offering.
Global Smart Lighting Market was valued at USD 50.51(Revenue in USD Billion) in 2018.
Global Smart Lighting Market is projected to grow at a CAGR of 22.50% during the forecast period of 2024 to 2032.
The estimated market value of the Global Smart Lighting Market for final year is USD 258.20 (USD Billion).
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