Market Insights
The smart LED lighting market was estimated at USD 23.6 billion in 2023 and is likely to grow at a CAGR of 14.9% during 2024-2030 to reach 62.55 billion in 2030.
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Market Dynamics
Introduction
Smart LED lighting is a cutting-edge illumination solution that combines intelligent control systems with energy-efficient LED lights. Users can adjust the brightness, color, and scheduling of these lighting solutions remotely via voice assistants, automation systems, or mobile apps. Smart LEDs provide increased convenience, energy savings, and security with features including motion detection, ambient light sensing, and energy monitoring. Smart LED lighting, which is widely utilized in residences, workplaces, and public areas, lowers carbon emissions and electricity use, helping to achieve sustainability goals. It is an essential part of contemporary smart building technologies due to its smooth interaction with IoT networks.
Market Drivers
It is anticipated that the growing emphasis on sustainable lighting solutions by global government agencies and the quick rise in the acceptance and popularity of smart homes would accelerate market growth. The smart LED lighting market is also more competitive now due to increased knowledge of technologies like the Internet of Things (IoT) and wireless optical networking data transmission. The increased need for energy-efficient lighting systems in recent years has led to the use of cutting-edge goods, such as smart LED lights.
Smart homes' quickly rising popularity, especially in industrialized nations, offers yet another significant market expansion opportunity. In order to increase convenience, security, and energy efficiency, consumers are increasingly searching for ways to automate their homes. Developing cutting-edge lighting solutions, Corvi LED announced in December 2024 that its "Bulb9 Smart" product line would be available in two options: CH2 and CH5. The goal of the design of these goods is to maximize integration with smart homes. By combining energy efficiency, smooth Bluetooth connectivity, and configurable features, the smart bulb offers contemporary homes a practical and environmentally friendly solution through Corvi's exclusive Smart Home application. It is expected that the rise in start-ups in this field and the regularity of new product developments would support the growth of smart LED lighting.

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Key Players
The following are the key players in the smart LED lighting market:
- Acuity Brands, Inc.
- ABB Ltd
- Bridgelux, Inc.
- Digital Lumens
- Eaton Corporation PLC
- Koninklijke Philips N.V.
- SSK Group
- Tvilight Projects B.V.
- Wolfspeed, Inc.
- Wipro Limited
Note: The above list does not necessarily include all the top players in the market.
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Segment Analysis
Segmentations
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List of Sub-Segments
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Segments with High Growth Opportunity
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Product Type Analysis
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Wired and Wireless
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The wired smart LED lighting product segment is expected to grow significantly during the forecast period.
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Technology Type Analysis
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Hybrid, Dali, Wi-Fi, Bluetooth, and Zigbee
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Hybrid technology-enabled lighting is expected to register significant growth during the forecast period.
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Distribution Channel Type Analysis
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Online and Offline
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The offline distribution channel leads the market and is estimated to maintain its incontestable position during the forecast period.
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Regional Analysis
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North America, Europe, Asia-Pacific, and Rest of the World
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Europe dominated the smart LED lighting market in 2023.
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By Product Type
"The wired smart LED lighting product segment is expected to grow significantly during the forecast period".
Based on the product type, the market is segmented as wired and wireless. The wired smart LED lighting product segment is expected to grow significantly during the forecast period. Wired smart LED lighting products are used in corporations, industries, and government organizations, considering their comparatively low installation, low maintenance costs, and reduced possibility of failure. On the other hand, the wireless product segment is expected to grow on account of factors such as increasing consumer spending on trendy lifestyles as well as development in new technologies.
By Technology Type
"Hybrid technology-enabled lighting is expected to register significant growth during the forecast period".
Based on the technology type, the market is segmented as Hybrid, Dali, Wi-Fi, Bluetooth, and ZigBee. Hybrid technology-enabled lighting is expected to register significant growth during the forecast period. These products come with automated programmed smart features which enable them to adjust the intensity of light as per the requirement. Furthermore, they are widely used in greenhouses because they assist farmers in adjusting the light and heat in the greenhouse.
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By Distribution Channel Type
"The offline distribution channel leads the market and is estimated to maintain its incontestable position during the forecast period".
Based on the distribution channel type, the market is segmented as online and offline. The offline distribution channel leads the market and is estimated to maintain its incontestable position during the forecast period. This growth can be attributed to consumers' preference for purchasing electrical products from offline stores to receive assistance with product installation and after-service support. On the other hand, the online distribution channel is expected to grow significantly due to the increasing number of online stores, providing competitive pricing and easy installation, attracting more consumers.
Regional Analysis
"Europe dominated the smart LED lighting market in 2023".
In terms of regions, Europe dominated the smart LED lighting market in 2023, owing to the rising adoption of luxury home decoration, as well as increased awareness of the aesthetic appeal of the products, particularly in key markets such as Germany, the United Kingdom, and France. On the other hand, North America is expected to grow at the fastest CAGR over the forecast period. Factors such as the high operational cost of lighting in commercial buildings in the United States and Canada will drive the regional market growth over the forecast period.
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Research Methodology
- This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s smart LED lighting market realities and future market possibilities for the forecast period.
- The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
- The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
- This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
- More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
- We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new players.
- Key success factors.
Market Segmentation
This report studies the market covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.
The smart LED lighting market is segmented into the following categories:
By Product Type
By Technology Type
- Hybrid
- Dali
- Wi-Fi
- Bluetooth
- Zigbee
By Distribution Channel Type
By Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Russia, and the Rest of Europe)
- Asia-Pacific (Country Analysis: China, India, Australia, South Korea, and the Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Saudi Arabia, Brazil, and Others)

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Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
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Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
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