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The global smart lighting market is estimated to be valued at USD 12.0 billion in 2023 and is expected to reach USD 32.0 billion by 2030, growing at a CAGR of 20.4% during 2025-2030. The key strategies adopted by the companies operating in the smart lighting ecosystem are new product launches and existing portfolio enhancement. Globally, industry players in the smart lighting industry are leveraging market growth through the establishment of growth strategies related to organic and inorganic growth mechanisms along with the incorporation of several strategic partnerships by the key players occurring in this industry.

Indoor Communication segment held the larger share in the smart lighting market in 2023

Based on Communication, the smart lighting market is segmented into indoor Communication and outdoor Communication. Among these two segments, indoor Communication held the largest share in 2023 in the global market. 

Indoor Communication is further sub-segmented into commercial, residential, and others. Among these subcategories, residential Communications are excessively being installed by an entire house or even for a specific room. Moreover, the market for residential indoor Communications is expected to witness the fastest growth during the forecast period in the market due to the establishment of a wireless technique.

Global Smart Lighting Market Segmentation and Key Players

Segment / Key Players	Categorization
Product	Lighting Control and Luminaries
Source	Light Emitting Diode, Fluorescent Lamp, High Intensity Discharge Lamp, and Others
Communication	Wired and Wireless
Application	Outdoor and Indoor
Key Players	Cree Inc., Hubbell Lighting Inc., Koninklijke Philips N.V., Osram Licht AG, Schneider Electric SA, Zumbotel Group AG, Acuity Brands Inc, Digital Lumens Inc., Honeywell International Inc., and Legrand SA.

Geography Insight

Geographically, Asia-Pacific is expected to witness the fastest growth during the forecast period in the smart lighting market owing to the massive growth perspective provided to the manufacturers by this region and these lighting systems are extensively being adopted by the consumers in developing their household and making it digitalized. Increasing activities of construction in Asia-Pacific are extensively contributing to the growth of the market in the region.

Competitive Insight

Some of the key players operating in the global smart lighting market include Cree Inc., Hubbell Lighting Inc., Koninklijke Philips N.V., Osram Licht AG, Schneider Electric SA, Zumbotel Group AG, Acuity Brands Inc., Digital Lumens Inc., Honeywell International Inc., and Legrand SA.

Key Takeaway from the Report:

• Among all the sources, the LED segment held the largest share of the market in 2023.
• Of all the communication, wireless technology is expected to witness the fastest growth during the forecast period.
• Among all the Communication, indoor Communication held the largest share in 2023 in the global market.

The Report Offers:

• Historical market estimate for the years 2018–2023 and forecast for the years 2025–2030
• Insight on current market trends, market dynamics, key opportunities and major challenges in the industry
• Market insights by in-depth segmentation with industry dynamics.
• Competitive analysis and benchmarking of the industry leaders and their product offerings
• Profiles of leading players and innovators, their financial overview, and product portfolio
• Analysis of key industry trends and recent developments
• Value chain analysis and distribution channel analysis with opportunity assessment
• Market share analysis of major players

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The report provides the market value for the base year 2023 and a yearly forecast till 2030 for revenue (USD Million). The report segments the global smart lighting market based on product, source, communication, Communication, and region.

Global Smart Lighting Market Coverage

Product Insight and Forecast 2025 – 2030

• Lighting Control
• Luminaries

Source Insight and Forecast 2025 – 2030

• Light Emitting Diode (LED)
• Fluorescent Lamp
• High-Intensity Discharge Lamp
• Others

Communication Insight and Forecast 2025 – 2030

• Wired
• Wireless

Application Insight and Forecast 2025 – 2030

• Outdoor
• Indoor

Geographical Segmentation

Smart Lighting Market by Region

North America

• By Product
• By Source
• By Communication
• By Application
• By Country – U.S., Canada, and Mexico

Europe

• By Product
• By Source
• By Communication
• By Application
• By Country – Germany, U.K., France, Italy, Spain, and Rest of Europe

Asia-Pacific (APAC)

• By Product
• By Source
• By Communication
• By Application
• By Country – China, Japan, India, South Korea, Singapore, and Rest of Asia-Pacific

Rest of the World (RoW)

• By Product
• By Source
• By Communication
• By Application
• By Country – Brazil, South Africa, Saudi Arabia, and Other Countries