Smart Lighting Market

The smart lighting market is projected to reach USD 20.50 billion by 2032 from USD 11.00 billion in 2026, at a CAGR of 10.9% during the forecast period.

The smart lighting market is witnessing steady growth, driven by increasing demand for energy-efficient illumination, intelligent lighting control, and connected lighting systems across commercial, residential, industrial, healthcare, retail, hospitality, and outdoor applications. The growing emphasis on smart buildings, IoT, building automation, energy management, and smart-city infrastructure is supporting the adoption of smart lighting solutions. Advancements in connected LED luminaires, occupancy and daylight sensors, wired and wireless controls, and cloud-based lighting platforms are improving energy efficiency, automation, flexibility, and system performance. In addition, the increasing deployment of smart lighting in offices, homes, factories, warehouses, hospitals, and public infrastructure is creating new avenues for market expansion. Signify, for example, integrates connected LED lighting with IoT software, sensors, remote monitoring, and lighting-management systems across indoor and outdoor applications.

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Key players operating in the smart lighting market include Signify Holding (Netherlands), Legrand (France), Acuity Brands, Inc. (US), ams-OSRAM AG (Austria), and Honeywell International Inc. (US), among others. These companies are adopting strategies such as product portfolio expansions, technological innovations, product developments, strategic partnerships, and expansions into high-growth defense, security, surveillance, and industrial applications to strengthen their market positions and expand market share.

For instance, in March 2026, Signify introduced next-generation Interact solutions for intelligent buildings and cities, including centralized real-time lighting control, Interact EasyConnect for connected outdoor lighting, and a Central Management System for remote monitoring and management of city-wide lighting networks. The company also introduced Traffic and Weather Adaptive Lighting Systems that respond to real-time traffic conditions to improve safety and reduce energy consumption.

Signify Holding (Netherlands)

Signify is a leading smart lighting provider offering a broad portfolio of connected lighting solutions, including LED luminaires, smart sensors, lighting controllers, connected lighting platforms, and lighting-management software. Its Interact platform enables centralized monitoring, automated control, energy optimization, and data-driven management of lighting systems across commercial buildings, industrial facilities, healthcare, retail, and outdoor applications. Signify also provides connected lighting solutions with occupancy and daylight sensing, supporting flexible and energy-efficient smart-building deployments.

Legrand (France)

Legrand is a major provider of smart lighting and connected building solutions, offering smart switches, dimmers, sensors, lighting controls, connected wiring devices, and home and building automation systems. Its smart lighting solutions enable remote and automated lighting control through mobile applications, voice interfaces, scheduling, and integration with connected-home and building-management systems. These solutions support residential, commercial, and building automation applications by improving convenience, energy management, and lighting control.

Market Ranking

The smart lighting market is moderately competitive, with key players including Signify Holding (Netherlands), Legrand (France), Acuity Brands, Inc. (US), ams-OSRAM AG (Austria), and Zumtobel Group (Austria), among others. These companies offer portfolios covering connected LED luminaires, lighting controls, sensors, communication technologies, lighting-management software, and smart-building solutions. Signify Holding provides connected luminaires, sensors, Interact IoT-enabled software, and Dynalite lighting and space-control systems for commercial, industrial, healthcare, retail, hospitality, residential, and outdoor applications. Legrand offers smart lighting switches, dimmers, outlets, and connected-home solutions supporting app-based and voice control, scheduling, automation, and integration with smart-home systems. Acuity Brands provides lighting controls, occupancy and daylight sensors, wired and wireless controls, embedded controls, controllers, software, and networked lighting platforms for indoor and outdoor applications. ams-OSRAM provides intelligent lighting and sensor technologies, including controllable LED solutions integrated with sensor technology for applications across lighting, industrial, automotive, medical, and other sectors. Zumtobel Group provides professional lighting systems and connected lighting solutions focused on energy efficiency, intelligent controls, and building applications. These companies compete through product portfolio expansion, connected lighting technologies, IoT integration, energy-efficient LED solutions, wired and wireless controls, sensor technologies, software platforms, and smart-building integration. Their offerings increasingly combine lighting hardware, controls, connectivity, and software to enable automated control, energy optimization, monitoring, and intelligent building management.

Related Reports:

Smart Lighting Market by Lights and Luminaire, Lighting Controls, LED Drivers and Ballasts, Sensors, Switches, Gateways, Dimmers, Relay Units, DALI, Power over Ethernet (PoE), Power Line Communications (PLC) and Zigbee - Global Forecast to 2032

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