Press release
Human Centric Lightings Market Landscape: Insights, Innovations, and Growth Potential (2023-2032)
Human Centric Lightings Market
The global human centric lighting market size was valued at USD 1.2 Billion in 2022. The human centric lighting industry is projected to grow from USD 1.60 Billion in 2023 to USD 16.16 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 33.50% during the forecast period (2023 - 2032). The increasing awareness related to intelligent lighting solutions, growing adoption of home automation solutions, and growing demand for IoT devices in residential and commercial spaces are the key market drivers expanding the market growth.
In an age where lighting goes beyond mere illumination, human-centric lighting (HCL) has emerged as a revolutionary approach to lighting design, focusing on the well-being, productivity, and health of individuals. Human-centric lighting considers the biological effects of light on human circadian rhythms, sleep-wake cycles, and overall physiological responses, aiming to create lighting environments that mimic natural daylight patterns. As awareness of the importance of light quality grows, the human-centric lighting market is experiencing significant growth and innovation.
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Key Players:
• Koninklijke Philips NV (The Netherlands)
• Osram Licht AG (Germany)
• Zumtobel AG (Austria)
• Hubbell Inc. (US)
• Arcluce S.p.A. (Italy)
• Fagerhult AB (Sweden)
• Waldmann Lighting (US)
• Glamox (Norway)
• ES-SYSTEM S.A. (Poland)
• CoeLux S.r.l (Italy)
• Legrand SA (France)
• Seoul Semiconductor Co Ltd (South Korea)
• NormaGrup Technology (Spain)
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Human Centric Lightings Market Regional Analysis:
The geographical distribution of the smartphone display market consists of North America, Asia Pacific (APAC), Europe, along with Rest of the World (RoW).
There is a strong possibility of APAC clinching the lead in the global market, given the large number of smartphone display companies based in the region. Some of the most renowned manufacturers in the region are LG Display, Samsung, Sharp, BOE and Japan Display, to name a few. With the aim to bridge the gap between supply and demand, smartphone display manufacturers are focusing on setting up new plants in the region to cater to more smartphone makers. For example, top manufacturers in China like BOE and China Star Optoelectronics Technology have established new plants to mass produce OLED panels, mainly to catch up with Samsung Electronics (South Korea). In a nutshell, the stiff competition between the renowned vendors and the increasing appetite of smartphones consumers in the region can translate to remarkable market landscape in the following years.
The North American market is not far behind, thanks to the high concentration of highly acclaimed companies, namely Google and Apple Inc., and more. The rampant demand in the region for high-end smartphones rather than low-end and mid-range smartphones are some of the chief growth inducers in the industry. An increasing number of manufacturers are developing advanced models with premium attributes such as back cameras or multi-lens front, and bezel-less displays. These types of technological innovations and advancements are considered to be instrumental in the market growth within the region.
Human Centric Lightings Market Segmentation:
Type, display technology, size and resolution are the primary segments depending on which the market for smartphone display has been broadly covered in the report.
The various types of smartphone display are capacitive, as well as resistive display screens.
In terms of display technology, the market segments are IPS-LCD, TFT-LCD, AMOLED, OLED, and more.
The size-wise market segmentation covers 5-6 inches, 4-5 inches, 0-4 inches, as well as above 6 inches
Resolution-based segments outlined are 1920 x 1080, 720 x 1280, and others.
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Human-centric lighting represents a paradigm shift in lighting design, focusing on the holistic well-being and performance of individuals in indoor environments. With its emphasis on mimicking natural daylight patterns, enhancing user comfort, and supporting circadian rhythms, human-centric lighting has the potential to transform the way we illuminate and interact with our built environment. As awareness grows and technology advances, the human-centric lighting market is poised for continued growth, innovation, and market expansion, driving towards a brighter and healthier future.
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