Press release
Smart Lighting Market to Reach USD 127.5 Billion by 2032, Registering a 20.6% CAGR (2025-2032) | Persistence Market Research
Smart Lighting Market
According to recent market projections, the global smart lighting market is expected to reach US$34.4 billion in 2025 and is likely to surge to US$127.5 billion by 2032, registering a robust CAGR of 20.6% during the forecast period. The market growth is primarily driven by technological advancements in IoT-enabled lighting solutions, rising energy efficiency regulations, and growing urban population demands for safer and more sustainable lighting infrastructure. Among product segments, LED-based smart lighting dominates due to superior energy efficiency, long lifespan, and compatibility with intelligent systems. Geographically, North America leads the market owing to high smart city adoption, strong government support for energy-efficient lighting, and the presence of leading technology vendors.
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Key Highlights from the Report
The global smart lighting market is projected to grow at a CAGR of 20.6% from 2025 to 2032.
LED smart lighting systems hold the largest share in the product segment.
North America emerges as the leading region due to smart city initiatives.
Increasing adoption of IoT-enabled lighting solutions drives market expansion.
Public infrastructure and commercial sectors account for the highest demand.
Government regulations promoting energy-efficient lighting accelerate growth.
Market Segmentation
The smart lighting market can be segmented based on product type, end-user, and connectivity type. By product type, LED lighting solutions lead due to their energy efficiency, adaptability, and longer operational life compared to conventional lighting. Other product categories include fluorescent smart lighting, halogen-based solutions, and OLED lighting, each finding niche applications in residential and specialized commercial setups.
Based on end-users, the market is primarily segmented into residential, commercial, industrial, and public infrastructure. Commercial spaces such as offices, hotels, and retail outlets are increasingly adopting smart lighting for energy optimization and enhanced user experience. Public infrastructure applications include smart street lighting, highways, and government buildings, where automation and IoT integration significantly reduce operational costs while improving safety and convenience.
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Regional Insights
North America continues to dominate the smart lighting market due to strong investments in smart city projects, stringent energy efficiency regulations, and high technology adoption. The United States leads the region with a focus on connected lighting solutions for both residential and commercial applications.
In the Asia-Pacific region, rapid urbanization and rising disposable incomes are fueling smart lighting adoption. Countries such as China, Japan, and India are witnessing significant growth in residential and industrial smart lighting installations, driven by increasing awareness of energy conservation and smart home technology trends.
Market Drivers
The growth of the smart lighting market is fueled by technological advancements in IoT-enabled systems, wireless communication, and sensor technologies that allow for intelligent lighting automation. Rising urbanization and the expansion of smart city projects globally are also driving demand for scalable and efficient lighting solutions.
Market Restraints
Despite rapid growth, the smart lighting market faces challenges including high initial costs of installation, compatibility issues with existing infrastructure, and concerns regarding cybersecurity for connected systems. These factors may slow adoption in cost-sensitive regions or small-scale applications.
Market Opportunities
The market presents significant opportunities in emerging economies, where urban infrastructure is rapidly modernizing. Additionally, integration with AI-based energy management systems, smart home automation, and renewable energy solutions can create new revenue streams for manufacturers and service providers.
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Reasons to Buy the Report
✔ Comprehensive analysis of global and regional smart lighting markets.
✔ Detailed insights into market trends, drivers, and restraints.
✔ In-depth segmentation by product type, end-user, and geography.
✔ Competitive landscape analysis with company profiles and market strategies.
✔ Strategic recommendations for stakeholders to capitalize on emerging opportunities.
Frequently Asked Questions (FAQs)
How Big is the Global Smart Lighting Market?
Who are the Key Players in the Global Smart Lighting Market?
What is the Projected Growth Rate of the Smart Lighting Market?
What is the Market Forecast for Smart Lighting in 2032?
Which Region is Estimated to Dominate the Smart Lighting Industry through the Forecast Period?
Company Insights
Key players operating in the global smart lighting market include:
Signify (Philips Lighting)
Hubbell Incorporated
Acuity Brands, Inc.
Osram Licht AG
Cree, Inc.
General Electric
Zumtobel Group
Recent Developments:
Signify launched a new range of IoT-enabled LED solutions for smart city applications in 2024.
Acuity Brands introduced energy-efficient connected lighting solutions for commercial spaces with integrated AI-based analytics in early 2025.
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About Persistence Market Research:
At Persistence Market Research, we specialize in creating research studies that serve as strategic tools for driving business growth. Established as a proprietary firm in 2012, we have evolved into a registered company in England and Wales in 2023 under the name Persistence Research & Consultancy Services Ltd. With a solid foundation, we have completed over 3600 custom and syndicate market research projects, and delivered more than 2700 projects for other leading market research companies' clients.
Our approach combines traditional market research methods with modern tools to offer comprehensive research solutions. With a decade of experience, we pride ourselves on deriving actionable insights from data to help businesses stay ahead of the competition. Our client base spans multinational corporations, leading consulting firms, investment funds, and government departments. A significant portion of our sales comes from repeat clients, a testament to the value and trust we've built over the years.
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