- Smart lighting systems in Europe leverage advanced technologies such as IoT, AI, and wireless connectivity (e.g., Zigbee, Wi-Fi, Bluetooth) to enhance energy efficiency, user control, and sustainability in indoor and outdoor applications.
- The market is driven by the European Union’s Ecodesign Directive and Green Deal, aiming for carbon neutrality by 2050, alongside widespread adoption of smart home and building automation systems.
- Germany holds a significant market share due to its leadership in industrial automation, smart factories, and presence of key players like Signify N.V. and Osram.
- The U.K. is expected to register the fastest growth, fueled by increasing adoption of smart home technologies and IoT-enabled lighting in residential and commercial spaces.
- The Hardware segment (LED bulbs, luminaires, sensors) is projected to account for a significant market share of approximately 55.21% in 2025, driven by the rapid adoption of energy-efficient LED technology.
