Asia Pacific Smart Lighting Market by Lights and Luminaires, Lighting Controls, DALI, Power over Ethernet (PoE), Power Line Communications (PLC), Wired Hybrid Protocols, Zigbee, Bluetooth Low Energy (BLE), 6LoWPAN, and EnOcean - Forecast to 2030

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USD 8.45 BN
MARKET SIZE, 2030
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CAGR 16.5%
(2025-2030)
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240
REPORT PAGES
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160
MARKET TABLES

OVERVIEW

asia-pacific-smart-lighting-market Overview

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

The Asia Pacific smart lighting market is projected to reach USD 8.45 billion by 2030, up from USD 3.94 billion in 2025, at a CAGR of 16.5% from 2025 to 2030. This growth is driven by large-scale urban development, expanding smart-city programs, and the acceleration of LED-to-IoT lighting transitions across the region. The rising adoption of intelligent lighting solutions in commercial buildings, industrial facilities, residential complexes, and municipal infrastructure is strengthening overall market demand. Government-backed energy-efficiency policies, carbon-reduction targets, and nationwide LED modernization initiatives are further supporting expansion.

KEY TAKEAWAYS

  • By Country
    By country, China is expected to dominate the market with a share of 38.7% in 2025.
  • By Offering
    By offering, the services segment is expected to be the fastest-growing during the forecast period
  • By Installation Type
    By installation type, the retrofit installation segment is projected to grow at a CAGR of 27.3% from 2025 to 2030.
  • By End-use Application
    By end-use application, the outdoor segment is expected to grow at the highest CAGR of 19.0% during the forecast period.
  • Competitive Landscape
    Signify Holdings, LEDVANCE, and Panasonic Corporation were identified as some of the star players in the Asia Pacific smart lighting market, given their strong market share and product footprint.
  • Competitive Landscape
    Startups and emerging companies like Xiaomi, Tuya Smart, and Lumos Controls have established strong positions in niche segments of the smart lighting market in the Asia Pacific.

The Asia Pacific smart lighting market is experiencing rapid demand growth, driven by large-scale smart city deployments, stringent energy efficiency policies, and accelerated digital transformation across commercial, residential, and municipal infrastructure. The adoption of connected luminaires, wireless controls, PoE-based systems, and sensor-enabled lighting is increasing as organizations prioritize energy savings and sustainability targets. The expansion of smart building construction, coupled with the modernization of airports, retail centers, industrial parks, and transport hubs, is driving the shift from conventional lighting to intelligent, IoT-enabled lighting networks across the region.

TRENDS & DISRUPTIONS IMPACTING CUSTOMERS' CUSTOMERS

The Asia Pacific smart lighting market is rapidly shifting from conventional LED solutions to fully connected, sensor-driven lighting systems integrated with IoT, cloud analytics, and AI-based controls. Strong government-led energy-efficiency mandates, nationwide LED modernization programs, and large-scale smart-city initiatives across China, India, Japan, South Korea, and other countries in Southeast Asia are accelerating the adoption of energy-efficient solutions across commercial, residential, and public infrastructure. End users are increasingly demanding smart lighting that supports real-time analytics, occupancy-based automation, predictive maintenance, and human-centric illumination, rather than basic lighting functions. Vendors across Asia Pacific are responding with PoE-enabled networks, wireless and Matter-compatible ecosystems, UV-C and tunable lighting innovations, cloud-based management platforms, and open-protocol control systems. This evolution is transforming revenue models from product-centric to solution- and data-centric offerings, unlocking new value streams in smart luminaires, integrated controls, connected lighting, and next-generation workplace and city infrastructure.

asia-pacific-smart-lighting-market Disruptions

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

MARKET DYNAMICS

Drivers
Impact
Level
  • Rapid Urbanization Fueling Smart Infrastructure Demand
  • Strong Government Policies Supporting Energy Efficiency
RESTRAINTS
Impact
Level
  • High Upfront Deployment and Integration Costs
  • Limited Technical Expertise and System Awareness
OPPORTUNITIES
Impact
Level
  • Smart Cities and Digital Infrastructure Expansion
  • Growth in IoT, AI, and Sensor-Based Lighting
CHALLENGES
Impact
Level
  • Cybersecurity Vulnerabilities in Connected Lighting Networks

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

Driver: Rapid Urbanization Fueling Smart Infrastructure Demand

Asia Pacific’s large-scale urban development initiatives are accelerating the adoption of connected lighting systems across cities, commercial hubs, and transport corridors. Governments are prioritizing energy-efficient infrastructure to manage rising electricity consumption. Smart streetlighting is becoming a core component of smart-city blueprints across China, India, Japan, and ASEAN. This shift strongly boosts demand for adaptive and connected lighting solutions.

Restraint: High Upfront Deployment and Integration Costs

Despite long-term savings, initial investment for smart lighting, sensors, controllers, gateways, and network upgrades remains relatively high for many municipalities and SMEs. Budget constraints in emerging Asia Pacific markets limit the uptake of large-scale projects. Integration into legacy lighting networks further increases overall project costs. This cost barrier slows wider adoption.

Opportunity: Smart Cities and Digital Infrastructure Expansion

Governments in the Asia Pacific region are making substantial investments in smart city initiatives, with over 500 active projects in countries like China, India, Korea, and Japan. Key components of these projects include connected street lighting, adaptive roadway illumination, and data-driven lighting management systems. This trend is creating significant procurement opportunities for vendors in hardware, software, and services. The long-term outlook for these projects remains strong.

Challenge: Cybersecurity Vulnerabilities in Connected Lighting Networks

As lighting becomes part of the connected IoT ecosystem, security risks such as unauthorized access, device manipulation, and data leakage increase. Municipal and commercial buyers are cautious about deploying large-scale connected systems without strong cybersecurity frameworks. Ensuring secure data transmission, device authentication, and firmware integrity becomes essential. Vendors face pressure to improve security-by-design.

ASIA PACIFIC SMART LIGHTING MARKET: COMMERCIAL USE CASES ACROSS INDUSTRIES

COMPANY USE CASE DESCRIPTION BENEFITS
Deployment of Interact City and Interact Pro smart-lighting systems across major Asia Pacific smart-city programs, including adaptive streetlighting, sensor-based controls, and centralized management platforms. 25–50% reduction in municipal lighting energy use, enhanced public safety through adaptive illumination, lowered maintenance via predictive diagnostics, and strong compliance with Asia Pacific sustainability mandates.
Installation of connected LED luminaires and smart-building lighting systems in commercial complexes, airports, and transport hubs across Japan and Southeast Asia, leveraging IoT sensors and centralized control systems. Up to 40% decrease in operational energy costs, improved occupant comfort, automated daylight-based dimming, and seamless integration with building management systems widely used across the Asia Pacific.
Smart LED modules and lighting-control solutions installed in South Korea’s commercial buildings and tech parks, incorporating AI-driven tuning and IoT-based facility insights. Improved workplace productivity through human-centric lighting, meaningful reductions in facility energy consumption, and enhanced asset visibility through integrated IoT dashboards.
Deployment of IoT-enabled smart office and smart-industrial lighting systems in India and ASEAN markets, using sensors, connected fixtures, and energy analytics dashboards for real-time monitoring. 20–45% energy savings, optimized workspace utilization, reduced downtime through predictive maintenance, and improved compliance with India’s energy-efficiency norms.

Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.

MARKET ECOSYSTEM

The Asia Pacific smart lighting ecosystem is driven by strong collaboration among standards bodies, solution providers, distributors, and major end users. Organizations such as the Zigbee Alliance, IEEE, and the DALI Alliance facilitate interoperability and certification across rapidly growing Asia Pacific deployments. Leading vendors, including Signify, Honeywell, and Acuity Brands, support the region with smart luminaires, wireless controls, and IoT-based lighting platforms. Distributors like Rexel and Sonepar expand market reach by supplying integrated solutions to contractors and developers. Large adopters such as Marriott, IKEA, and Reliance Retail are accelerating demand through smart-building upgrades and widespread retail modernization across the Asia Pacific.

asia-pacific-smart-lighting-market Ecosystem

Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.

MARKET SEGMENTS

asia-pacific-smart-lighting-market Segments

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

Asia Pacific Smart Lighting Market, by Offering

As of 2024, hardware accounts for the largest revenue share in the Asia Pacific smart lighting market, driven by massive deployments of connected LED luminaires, sensors, and IoT-enabled fixtures across commercial buildings, industrial parks, transportation hubs, and smart-city corridors. Government-led energy-efficiency programs in China, India, Japan, and Australia, combined with carbon-reduction mandates and city-wide LED modernization schemes, are accelerating the replacement of legacy fixtures.

Asia Pacific Smart Lighting Market, by Installation Type

Retrofit installations are projected to experience the fastest growth in the Asia Pacific as enterprises, retail chains, logistics operators, airports, and municipal bodies increasingly upgrade existing lighting infrastructures to connected systems. National policies promoting energy savings, green building certifications, and smart city frameworks are accelerating the adoption of retrofits. Airports, metro stations, manufacturing units, and commercial towers across the Asia Pacific are modernizing outdated fixtures with intelligent lighting to enable faster deployment without major structural redesign. As a result, retrofits are emerging as the most scalable and rapidly expanding installation pathway across the region.

Asia Pacific Smart Lighting Market, by Communication Technology

In 2024, wired communication holds a significant share of the Asia Pacific smart lighting market, supported by ongoing adoption of DALI-2, 0–10V, KNX, and BACnet-based control systems within commercial and institutional buildings. High deployment across hospitals, government facilities, airports, universities, and premium commercial towers reinforces wired connectivity as a reliable and standardized option. However, rapid construction of smart buildings and residential IoT ecosystems is also driving strong momentum for wireless technologies. While wired approaches remain dominant in mission-critical environments, wireless technologies are gaining share due to lower installation complexity and growing demand for automation in new-age buildings.

Asia Pacific Smart Lighting Market, by Distribution Channel

The online distribution channel is expected to record the fastest growth in the Asia Pacific smart lighting market as consumers and businesses increasingly shift toward e-commerce platforms for connected lighting devices, sensors, automation kits, and smart-home bundles. Leading manufacturers and regional distributors are expanding digital-first sales models, enabling both direct-to-consumer and B2B procurement. The rising preference for remote ordering, transparent comparison tools, and integrated product ecosystems is driving the growth of online channels across the Asia Pacific.

Asia Pacific Smart Lighting Market, by End-use Application

Indoor applications held the largest share of the Asia Pacific smart lighting market in 2024, driven by extensive adoption across corporate offices, technology parks, manufacturing units, educational campuses, healthcare facilities, hyperscale data centers, hospitality spaces, retail stores, and logistics hubs. Organizations in the Asia Pacific are prioritizing connected LED luminaires and automation systems to reduce energy consumption, enhance occupant comfort, comply with ESG and green-building mandates, and improve operational intelligence through sensor-driven analytics. Human-centric lighting, adaptive illumination, and occupancy-based automation are becoming essential features in modern commercial interiors, particularly in WELL-certified, LEED-certified, and energy-efficient buildings across the region.

REGION

India to be the fastest-growing country in the Asia Pacific smart lighting market during the forecast period

India is the fastest-growing smart lighting market in the Asia Pacific, driven by strong government initiatives, including the Smart Cities Mission and nationwide LED modernization programs, as well as increasing adoption of green buildings. Rapid upgrades across IT parks, commercial offices, airports, metros, and municipal infrastructure are accelerating demand for connected luminaires and IoT-based controls. Growing investments in digital infrastructure, increasing ESG commitments, and expanding smart-home adoption further strengthen India’s momentum in the regional smart lighting landscape.

asia-pacific-smart-lighting-market Region

ASIA PACIFIC SMART LIGHTING MARKET: COMPANY EVALUATION MATRIX

In the Asia Pacific smart lighting market, Signify and LEDVANCE lead (Star) with strong regional reach and comprehensive connected-lighting portfolios that support large-scale deployments across commercial, residential, and municipal sectors. Both companies drive market advancement through innovations in smart luminaires, IoT-based controls, and cloud-enabled lighting platforms. Their robust channel networks and participation in major Asia Pacific modernization programs reinforce their leadership position in the region.

asia-pacific-smart-lighting-market Evaluation Metrics

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

KEY MARKET PLAYERS

MARKET SCOPE

REPORT METRIC DETAILS
Market Size in 2024 (Value) USD 3.38 Billion
Market Forecast in 2030 (Value) USD 8.45 Billion
Growth Rate CAGR of 16.5% from 2025–2030
Years Considered 2021–2030
Base Year 2024
Forecast Period 2025–2030
Units Considered Value (USD Million), Volume (Thousand Units)
Report Coverage Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends
Segments Covered
  • By Offering:
    • Hardware
    • Software
    • Services
  • By Installation Type:
    • New Installations
    • Retrofit Installations
  • By Communication Technology:
    • Wired
    • Wireless
  • By Distribution Channel:
    • Online
    • Offline
  • By End-use Application:
    • Indoor
    • Outdoor
Countries Covered China, Japan, India, South Korea, Australia & New Zealand, and Rest of Asia Pacific

WHAT IS IN IT FOR YOU: ASIA PACIFIC SMART LIGHTING MARKET REPORT CONTENT GUIDE

asia-pacific-smart-lighting-market Content Guide

DELIVERED CUSTOMIZATIONS

We have successfully delivered the following deep-dive customizations:

CLIENT REQUEST CUSTOMIZATION DELIVERED VALUE ADDS
Leading Asia Pacific Smart Lighting OEM
  • Competitive profiling of Asia Pacific smart-lighting vendors
  • Mapping of smart-city tenders across China, India, Japan, South Korea, and ASEAN
  • Benchmarking of connected-lighting platforms deployed in Asia Pacific commercial real estate, industrial parks, and municipal upgrades
  • Identify high-growth Asia Pacific markets with strongest revenue potential
  • Strengthen bid positioning for large smart-city and metro modernization projects
  • Enable channel expansion through insights on regional integrators and ESCO partners
Retail & Hospitality Chain Operator
  • Benchmarking wireless controls (Zigbee, BLE Mesh, Wi-Fi, Matter) for multi-country deployments
  • Evaluation of climate-resilient smart luminaires for tropical and humid Asia Pacific regions
  • Development of chain-wide roadmap for energy savings, guest experience, and ESG alignment
  • Enable consistent lighting performance across diverse Asia Pacific markets
  • Reduce OPEX through automated scheduling, occupancy sensing, and daylight harvesting
  • Accelerate retrofit deployment across hotels and retail sites with proven Asia Pacific-ready architectures
Asia Pacific Smart Lighting Manufacturer
  • Mapping distributor and reseller networks across India, ASEAN, Australia, and China
  • Channel capability benchmarking for B2B, B2C, and project-based sales
  • Localized product requirement analysis for voltage variations, environmental factors, and country-specific standards
  • Accelerate market entry with targeted channel partnerships
  • Improve product fit and compliance for Asia Pacific markets
  • Strengthen GTM execution through region-specific channel insights

RECENT DEVELOPMENTS

  • September 2025 : Signify has launched a new range of modular, connected solar street lights and advanced sports lighting solutions as part of its professional lighting lineup. These products are designed for urban infrastructure projects in the Asia Pacific region, smart city street lighting upgrades, and large outdoor venues. This initiative reinforces Signify's commitment to supporting the Asia Pacific's goal of achieving sustainable and energy-efficient public lighting.
  • May 2025 : Panasonic Lighting launched its next-generation Wi-Fi/Matter-compatible indoor smart-lighting range for Asia Pacific markets, targeting residential and mixed-use buildings with improved energy automation and human-centric lighting controls optimized for regional climatic conditions.
  • March 2025 : Signify introduced an expanded Interact City 2.0 smart-lighting suite across India, Japan, and Southeast Asia, featuring AI-based traffic-adaptive streetlighting and real-time maintenance analytics to support large-scale smart-city modernization programs.

Table of Contents

Exclusive indicates content/data unique to MarketsandMarkets and not available with any competitors.

TITLE
PAGE NO
1
INTRODUCTION
 
 
 
15
2
EXECUTIVE SUMMARY
 
 
 
 
3
PREMIUM INSIGHTS
 
 
 
 
4
MARKET OVERVIEW
Captures industry movement, adoption patterns, and strategic signals across key end-use segments and regions.
 
 
 
 
 
4.1
INTRODUCTION
 
 
 
 
4.2
MARKET DYNAMICS
 
 
 
 
4.3
INTERCONNECTED MARKETS AND CROSS-SECTOR OPPORTUNITIES
 
 
 
 
4.4
STRATEGIC MOVES BY TIER-1/2/3 PLAYERS
 
 
 
5
INDUSTRY TRENDS
This section summarizes market dynamics, key shifts, and high-impact trends shaping demand outlook.
 
 
 
 
 
5.1
PORTER'S FIVE FORCES ANALYSIS
 
 
 
 
5.2
MACROECONOMICS INDICATORS
 
 
 
 
 
5.2.1
INTRODUCTION
 
 
 
 
5.2.2
GDP TRENDS AND FORECAST
 
 
 
 
5.2.3
TRENDS IN ASIA PACIFIC SMART LIGHTING INDUSTRY
 
 
 
5.3
VALUE CHAIN ANALYSIS
 
 
 
 
 
5.4
ECOSYSTEM ANALYSIS
 
 
 
 
 
5.5
PRICING ANALYSIS
 
 
 
 
 
 
5.5.1
AVERAGE SELLING PRICE TREND OF OFFERING, BY KEY PLAYER (2021–2024)
 
 
 
 
5.5.2
AVERAGE SELLING PRICE TREND, BY REGION (2021–2024)
 
 
 
5.6
TRADE ANALYSIS
 
 
 
 
 
 
5.6.1
IMPORT SCENARIO
 
 
 
 
5.6.2
EXPORT SCENARIO
 
 
 
5.7
KEY CONFERENCES AND EVENTS (2026–2027)
 
 
 
 
5.8
TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
 
 
 
 
5.9
INVESTMENT AND FUNDING SCENARIO
 
 
 
 
5.10
CASE STUDY ANALYSIS
 
 
 
 
5.11
IMPACT OF 2025 US TARIFF – ASIA PACIFIC SMART LIGHTING MARKET
 
 
 
 
 
 
5.11.1
INTRODUCTION
 
 
 
 
5.11.2
KEY TARIFF RATES
 
 
 
 
5.11.3
PRICE IMPACT ANALYSIS
 
 
 
 
5.11.4
IMPACT ON END-USE APPLICATIONS
 
 
6
STRATEGIC DISRUPTION THROUGH TECHNOLOGY, PATENTS, DIGITAL, AND AI ADOPTION
 
 
 
 
 
6.1
KEY EMERGING TECHNOLOGIES
 
 
 
 
6.2
COMPLEMENTARY TECHNOLOGIES
 
 
 
 
6.3
TECHNOLOGY/PRODUCT ROADMAP
 
 
 
 
6.4
PATENT ANALYSIS
 
 
 
 
 
6.5
IMPACT OF AI/GEN AI ON ASIA PACIFIC SMART LIGHTING MARKET
 
 
 
 
 
 
6.5.1
TOP USE CASES AND MARKET POTENTIAL
 
 
 
 
6.5.2
CASE STUDIES OF AI IMPLEMENTATION IN ASIA PACIFIC SMART LIGHTING MARKET
 
 
 
 
6.5.3
INTERCONNECTED ADJACENT ECOSYSTEM AND IMPACT ON MARKET PLAYERS
 
 
 
 
6.5.4
CLIENTS’ READINESS TO ADOPT GENERATIVE AI IN ASIA PACIFIC SMART LIGHTING MARKET
 
 
7
REGULATORY LANDSCAPE
 
 
 
 
 
7.1
REGIONAL REGULATIONS AND COMPLIANCE
 
 
 
 
 
7.1.1
REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
 
 
 
 
7.1.2
INDUSTRY STANDARDS
 
 
8
CUSTOMER LANDSCAPE & BUYER BEHAVIOR
 
 
 
 
 
8.1
DECISION-MAKING PROCESS
 
 
 
 
8.2
BUYER STAKEHOLDERS AND BUYING EVALUATION CRITERIA
 
 
 
 
8.3
ADOPTION BARRIERS & INTERNAL CHALLENGES
 
 
 
 
8.4
UNMET NEEDS FROM VARIOUS END-USE APPLICATIONS
 
 
 
9
ASIA PACIFIC SMART LIGHTING MARKET, BY OFFERING (MARKET SIZE, VOLUME & FORECAST TO 2030 – USD MILLION)
 
 
 
 
 
9.1
INTRODUCTION
 
 
 
 
9.2
HARDWARE
 
 
 
 
 
9.2.1
LIGHTS AND LUMINAIRE
 
 
 
 
9.2.2
LIGHTING CONTROLS
 
 
 
 
 
9.2.2.1
LED DRIVERS AND BALLASTS
 
 
 
 
9.2.2.2
SENSORS
 
 
 
 
9.2.2.3
SWITCHES
 
 
 
 
9.2.2.4
DIMMERS
 
 
 
 
9.2.2.5
RELAY UNITS
 
 
 
 
9.2.2.6
GATEWAYS
 
 
9.3
SOFTWARE
 
 
 
 
9.4
SERVICES
 
 
 
 
 
9.4.1
PRE-INSTALLATION SERVICES
 
 
 
 
9.4.2
POST-INSTALLATION SERVICES
 
 
10
ASIA PACIFIC SMART LIGHTING MARKET, BY INSTALLATION TYPE (MARKET SIZE & FORECAST TO 2030 – USD MILLION)
 
 
 
 
 
10.1
INTRODUCTION
 
 
 
 
10.2
NEW INSTALLATIONS
 
 
 
 
10.3
RETROFIT INSTALLATIONS
 
 
 
11
ASIA PACIFIC SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY (MARKET SIZE & FORECAST TO 2030 – USD MILLION)
 
 
 
 
 
11.1
INTRODUCTION
 
 
 
 
11.2
WIRED
 
 
 
 
 
11.2.1
DALI
 
 
 
 
11.2.2
POWER OVER ETHERNET (POE)
 
 
 
 
11.2.3
POWER LINE COMMUNICATIONS (PLCS)
 
 
 
 
11.2.4
WIRED HYBRID PROTOCOLS
 
 
 
11.3
WIRELESS
 
 
 
 
 
11.3.1
ZIGBEE
 
 
 
 
11.3.2
WI-FI
 
 
 
 
11.3.3
BLUETOOTH LOW ENERGY (BLE)
 
 
 
 
11.3.4
ENOCEAN
 
 
 
 
11.3.5
6LOWPAN
 
 
 
 
11.3.6
WIRELESS HYBRID PROTOCOLS
 
 
12
ASIA PACIFIC SMART LIGHTING MARKET, BY END-USE APPLICATION (MARKET SIZE & FORECAST TO 2030 – USD MILLION)
 
 
 
 
 
12.1
INTRODUCTION
 
 
 
 
12.2
INDOOR
 
 
 
 
 
12.2.1
COMMERCIAL
 
 
 
 
12.2.2
RESIDENTIAL
 
 
 
 
12.2.3
INDUSTRIAL
 
 
 
 
12.2.4
OTHERS
 
 
 
12.3
OUTDOOR
 
 
 
 
 
12.3.1
HIGHWAYS AND ROADWAYS LIGHTING
 
 
 
 
12.3.2
ARCHITECTURAL LIGHTING
 
 
 
 
12.3.3
LIGHTING FOR PUBLIC PLACES
 
 
13
ASIA PACIFIC SMART LIGHTING MARKET, BY DISTRIBUTION CHANNEL (MARKET SIZE & FORECAST TO 2030 – USD MILLION)
 
 
 
 
 
13.1
INTRODUCTION
 
 
 
 
13.2
ONLINE
 
 
 
 
13.3
OFFLINE
 
 
 
14
DIFFERENT LIGHT SOURCES IN ASIA PACIFIC SMART LIGHTING MARKET
 
 
 
 
 
14.1
INTRODUCTION
 
 
 
 
14.2
LED
 
 
 
 
14.3
HID
 
 
 
 
14.4
FLUORESCENT
 
 
 
 
14.5
OTHERS
 
 
 
15
ASIA PACIFIC SMART LIGHTING MARKET, BY COUNTRY (MARKET SIZE, VOLUME & FORECAST TO 2030 – USD MILLION)
 
 
 
 
 
15.1
INTRODUCTION
 
 
 
 
15.2
MACROECONOMIC OUTLOOK
 
 
 
 
15.3
CHINA
 
 
 
 
15.4
JAPAN
 
 
 
 
15.5
INDIA
 
 
 
 
15.6
AUSTRALIA & NEW ZEALAND
 
 
 
 
15.7
SOUTH KOREA
 
 
 
 
15.8
REST OF ASIA PACIFIC
 
 
 
16
COMPETITIVE LANDSCAPE
 
 
 
 
 
16.1
INTRODUCTION
 
 
 
 
16.2
KEY PLAYER STRATEGIES/RIGHT-TO-WIN
 
 
 
 
16.3
REVENUE ANALYSIS OF TOP 5 PLAYERS (2021–2024)
 
 
 
 
 
16.4
MARKET SHARE ANALYSIS,
 
 
 
 
 
16.5
COMPANY VALUATION AND FINANCIAL METRICS
 
 
 
 
16.6
BRAND COMPARISON
 
 
 
 
 
16.7
COMPANY EVALUATION MATRIX: KEY PLAYERS,
 
 
 
 
 
 
16.7.1
STARS
 
 
 
 
16.7.2
EMERGING LEADERS
 
 
 
 
16.7.3
PERVASIVE PLAYERS
 
 
 
 
16.7.4
PARTICIPANTS
 
 
 
 
16.7.5
COMPANY FOOTPRINT: KEY PLAYERS,
 
 
 
 
 
16.7.5.1
COMPANY FOOTPRINT
 
 
 
 
16.7.5.2
COUNTRY FOOTPRINT
 
 
 
 
16.7.5.3
END-USER APPLICATION FOOTPRINT
 
 
 
 
16.7.5.4
OFFERING FOOTPRINT
 
 
 
 
16.7.5.5
INSTALLATION TYPE FOOTPRINT
 
 
 
 
16.7.5.6
COMMUNICATION TECHNOLOGY FOOTPRINT
 
 
16.8
COMPANY EVALUATION MATRIX: STARTUPS/SMES,
 
 
 
 
 
 
16.8.1
PROGRESSIVE COMPANIES
 
 
 
 
16.8.2
RESPONSIVE COMPANIES
 
 
 
 
16.8.3
DYNAMIC COMPANIES
 
 
 
 
16.8.4
STARTING BLOCKS
 
 
 
 
16.8.5
COMPETITIVE BENCHMARKING: STARTUPS/SMES,
 
 
 
 
 
16.8.5.1
DETAILED LIST OF KEY STARTUPS/SMES
 
 
 
 
16.8.5.2
COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
 
 
16.9
COMPETITIVE SITUATION AND TRENDS
 
 
 
17
COMPANY PROFILES
 
 
 
 
 
17.1
KEY PLAYERS
 
 
 
 
 
17.1.1
SIGNIFY HOLDING
 
 
 
 
17.1.2
LEDVANCE GMBH
 
 
 
 
17.1.3
PANASONIC CORPORATION
 
 
 
 
17.1.4
SAMSUNG
 
 
 
 
17.1.5
XIAOMI
 
 
 
 
17.1.6
TP-LINK SYSTEMS INC.
 
 
 
 
17.1.7
ACUITY INC.
 
 
 
 
17.1.8
WIPRO LIGHTING
 
 
 
 
17.1.9
SYSKA
 
 
 
 
17.1.10
HAVELLS INDIA LTD.
 
 
 
 
17.1.11
EATON
 
 
 
 
17.1.12
LIFX
 
 
 
 
17.1.13
LEGRAND
 
 
 
 
17.1.14
SCHNEIDER ELECTRIC
 
 
 
 
17.1.15
HONEYWELL INTERNATIONAL INC.
 
 
 
17.2
OTHER PLAYERS
 
 
 
18
RESEARCH METHODOLOGY
 
 
 
 
 
18.1
RESEARCH DATA
 
 
 
 
 
18.1.1
SECONDARY DATA
 
 
 
 
 
18.1.1.1
KEY DATA FROM SECONDARY SOURCES
 
 
 
18.1.2
PRIMARY DATA
 
 
 
 
 
18.1.2.1
KEY DATA FROM PRIMARY SOURCES
 
 
 
 
18.1.2.2
KEY PRIMARY PARTICIPANTS
 
 
 
 
18.1.2.3
BREAKDOWN OF PRIMARY INTERVIEWS
 
 
 
 
18.1.2.4
KEY INDUSTRY INSIGHTS
 
 
 
18.1.3
MARKET SIZE ESTIMATION
 
 
 
 
 
18.1.3.1
BOTTOM-UP APPROACH
 
 
 
 
18.1.3.2
TOP-DOWN APPROACH
 
 
 
 
18.1.3.3
BASE NUMBER CALCULATION
 
 
 
18.1.4
MARKET FORECAST APPROACH
 
 
 
 
 
18.1.4.1
SUPPLY SIDE
 
 
 
 
18.1.4.2
DEMAND SIDE
 
 
 
18.1.5
DATA TRIANGULATION
 
 
 
 
18.1.6
FACTOR ANALYSIS
 
 
 
 
18.1.7
RESEARCH ASSUMPTIONS
 
 
 
 
18.1.8
RESEARCH LIMITATIONS AND RISK ASSESSMENT
 
 
19
APPENDIX
 
 
 
 
 
19.1
DISCUSSION GUIDE
 
 
 
 
19.2
KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
 
 
 
 
19.3
AVAILABLE CUSTOMIZATIONS
 
 
 
 
19.4
RELATED REPORTS
 
 
 
 
19.5
AUTHOR DETAILS
 
 
 

Methodology

The research study involved 4 major activities in estimating the size of the smart lighting market. Exhaustive secondary research has been done to collect important information about the market and peer markets. The validation of these findings, assumptions, and sizing with the help of primary research with industry experts across the supply chain has been the next step. Both top-down and bottom-up approaches have been used to estimate the market size. Post which the market breakdown and data triangulation have been adopted to estimate the market sizes of segments and sub-segments.

Secondary Research

In the secondary research process, various secondary sources have been referred to for identifying and collecting information required for this study. The secondary sources include annual reports, press releases, investor presentations of companies, white papers, and articles from recognized authors. Secondary research has been mainly done to obtain key information about the market’s value chain, the pool of key market players, market segmentation according to industry trends, regional outlook, and developments from both market and technology perspectives.

Primary Research

In primary research, various primary sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative insights required for this report. Primary sources from the supply side include experts such as CEOs, vice presidents, marketing directors, manufacturers, technology and innovation directors, end users, and related executives from multiple key companies and organizations operating in the smart lighting market ecosystem. After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primary. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report. The breakdown of primary respondents is as follows:

Market Size Estimation

The bottom-up procedure has been employed to arrive at the overall size of the smart lighting market.

  • Identification of major companies providing smart lighting hardware, software, and services
  • Identification of key segments within the smart lighting market across different geographical regions
  • Estimation of the market size in various regions by analyzing the adoption of smart lighting solutions across different industries
  • Determination of market share estimates for deployments in different end-use application segments by assessing the demand for smart lighting products and solutions
  • Tracking ongoing and upcoming developments in smart lighting products
  • Compilation of regional market size data for each segment to derive regional market estimates
  • Conducting interviews with multiple key leaders to comprehend the smart lighting market scope, product demand, future market growth, and potential impact of economic downturns
  • Verification and validation of estimates through cross-checking with primary sources, discussions with leaders, and consultation with domain experts at MarketsandMarkets
  • Analysis of various paid and unpaid information sources, including annual reports, press releases, white papers, and databases

The top-down approach has been used to estimate and validate the total size of the smart lighting market.

  • Focusing, initially, on the top-line investments and spending in the ecosystems of various industries. Tracking further splits based on product launches, advancements in smart lighting technologies, smart lighting solutions and software used for various industrial applications, and developments in the key market areas
  • Representing and developing the information related to market revenue offered by key hardware, software, and service providers
  • Carrying out multiple on-field discussions with key opinion leaders across each major company involved in the development of hardware and software components and services pertaining to smart lighting
  • Estimating the geographic split using secondary sources based on factors such as the number of players in a specific country and region, types of products, levels of services offered, and types of software implemented.

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market has been split into several segments and subsegments. To complete the entire market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from the demand and supply sides of the smart lighting market.

Market Definition

Smart lighting systems combine automation technologies with connectivity features and intelligent control aspects to deliver enhanced efficiency and improved experience paired with convenience. The system contains LED luminaires, sensors, and wire-based or wireless communication systems to allow remote monitoring and scheduling adjustments based on occupancy status, daylight exposure, and user settings. Users can operate smart lighting systems through mobile applications, voice commands, and centralized automation networks which enable full control of brightness adjustments, color temperature settings, and hue transformation features. These devices play an essential role in residential, commercial, and industrial sectors, helping to reduce energy consumption while aiding sustainability efforts.

Key Stakeholders

  • Raw material and component suppliers
  • Communication network providers
  • Smart lighting device manufacturers
  • Original equipment manufacturers
  • Semiconductor component suppliers
  • Analysts and strategic business planners
  • Venture capitalists and start-ups
  • Research laboratories and intellectual property (IP) companies
  • Technology standards organizations, forums, alliances, and associations
  • Hardware vendors
  • Software integrators
  • Smart lighting solutions-related service providers
  • End users
  • Government bodies such as regulatory authorities and policymakers

Report Objectives

  • To define, estimate, and forecast the smart lighting market based on hardware, software, and services offerings, wired and wireless communication technologies, indoor and outdoor applications, online and offline sales distribution channels, and new and retrofit installation types
  • To estimate and project the market size, in terms of value, for various segments with respect to four regions: Americas, Europe, Asia Pacific, and the Rest of the World (ROW)
  • To describe and forecast the smart lighting market size, in terms of volume, by hardware offering
  • To provide detailed insights regarding drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To analyse emerging applications and standards in the smart lighting market
  • To examine manufacturers of smart lighting products, their strategies, production plans, and the overall supply chain, including material and component suppliers
  • To strategically analyse the micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall market
  • To analyse the market opportunities for stakeholders, and provide a comprehensive competitive landscape analysis
  • To provide a detailed overview of the smart lighting value chain and ecosystem
  • To provide a detailed overview of impact of AI/Gen AI on smart lighting market
  • To provide information about the key technology trends, trade analysis, and patents related to the smart lighting market
  • To benchmark the market players using the proprietary company evaluation matrix framework, which analyses them on various parameters within the broad categories of market ranking/share and product portfolio
  • To analyse competitive developments, such as partnership, acquisitions, agreements, collaborations, and product launches
  • To strategically profile key players and analyse their market share, ranking, and core competencies

This research report categorizes the smart lighting market based on offering, communication technology, installation type, distribution channel, end-use application, and region.

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