Press release
Growing Smartphone Connectivity Drives Market Growth Due To Seamless Integration With IoT And Smart Home Ecosystems: Strategic Insights Driving Smart Lamps Market Momentum in 2025
Smart Lamps Market
How Large Will the Smart Lamps Market Size By 2025?
In recent times, the smart lamps market has witnessed a swift expansion. This market is projected to extend from $4.63 billion in 2024 to $5.43 billion in 2025, registering a compound annual growth rate (CAGR) of 17.4%. Factors such as the heightened demand for interconnected lighting in commercial zones, increased acceptance in rural locales, enhanced affordability of smart lamps, a rise in use in healthcare establishments, and adoption in academic institutions have all contributed to the historical period's substantial growth.
How Big Is the Smart Lamps Market Size Expected to Grow by 2029?
In the coming years, the smart lamps market is anticipated to witness substantial growth, expanding to a value of $10.58 billion in 2029 with a compound annual growth rate (CAGR) of 18.1%. The forecasted growth is due to an emphasis on sustainability, a shift towards eco-friendly solutions, the incorporation of cloud-based lighting systems, the arrival of modular smart lighting, as well as the increasing utilization of smart lamps in various industries. Top trends predicted for this period include the introduction of solar-powered smart lighting, progression in portable smart lamps, the manifestation of 5G-compatible smart lights, partnerships between lighting and tech firms, as well as augmentation with AR/VR technology.
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Which Key Market Drivers Powering Smart Lamps Market Expansion and Growth?
The expansion of the smart lamps market is anticipated to be fueled by the increasing smartphone connectivity. This refers to the smartphone's capability to interact with various devices or networks via advanced technologies. The surge in smartphone connectivity can be attributed to the necessity for flawless combinations with a myriad of devices, progress in wireless technologies like 5G, the proliferation of IoT, as well as the requirement for quicker data exchange, improved communication, and superior user experiences. The potential of smart lamps to improve smartphone connectivity is remarkable, as they can be integrated with mobile apps for remote control, adaptation of brightness and color, scheduling, and compatibility with IoT platforms and voice assistants. This enhances the interaction within smart home ecosystems and escalates the demand for interconnected devices. For instance, as stated in the State of Mobile Internet Connectivity 2024 report by the UK-based non-profit organization, GSM Association, around 160 million people started utilizing mobile internet in 2023, a similar expansion to 2022. This brought the global count of smartphone internet users to nearly 4.3 billion, equating to 53% of the global populace. Additionally, the user base of 4G and 5G increased by 330 million between 2022 and 2023, comprising almost 80% of mobile internet subscription holders globally. Therefore, the rise in smartphone connectivity is a key driver of the smart lamp market.
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What Are the Key Trends Driving Smart Lamps Market Growth?
Main players in the smart lamps industry are channeling their efforts into leveraging technological advancements like artificial intelligence to create desk lamps. These smart lamps enrich learning environments and promote health with their high-end AI capabilities. They are primed with features such as voice control, auto-brightness adjustment, and mobile app-based control. One such lamp, SenseRobot Smart Lamp, was introduced in January 2024 by SenseTime, a Chinese AI software firm. This AI-equipped lamp boasts features like posture correction, concentration bolstering, and eye safeguarding, along with the use of full-spectrum natural light surpassing the national AA certification standards. It uniquely incorporates AI details such as posture reminders and an AI spotlight to modify lighting conditions depending on the movements of a book, thereby ensuring enhanced concentration and healthier study sessions. This introduction underlines strides being made in infusing AI into everyday household items with a view to encourage children's learning and overall well-being.
What Are the Emerging Segments in the Smart Lamps Market?
The smart lamps market covered in this report is segmented -
1) By Type: Halogen, Compact Fluorescents, Linear Fluorescents, LEDs, Incandescent
2) By Connectivity: Wired, Wireless
3) By Application: Residential, Commercial, Industrial, Outdoor
Subsegments:
1) By Halogen: Dimmable Halogen Lamps, Non-Dimmable Halogen Lamps, Reflector Halogen Lamps
2) By Compact Fluorescents: Integrated CFLs, Non-Integrated CFLs, Spiral CFLs
3) By Linear Fluorescents: T5 Fluorescent Lamps, T8 Fluorescent Lamps, T12 Fluorescent Lamps
4) By LEDs: Smart LED Bulbs, Smart LED Strips, Color-Tunable LEDs
5) By Incandescent: Standard Incandescent Bulbs, Decorative Incandescent Bulbs, Reflector Incandescent Bulbs
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Who Are the Global Leaders in the Smart Lamps Market?
Major companies operating in the smart lamps market are Samsung Electronics, General Electric, Cisco Systems Inc., Schneider Electric SE, Honeywell International Inc, Eaton Corporation plc, Signify N.V., Osram Licht AG, Acuity Brands Inc., Cooper Industries LLC, Havells India Ltd., Itron Inc., Wipro Consumer Lighting, Surya Roshni Ltd., Crompton Greaves Consumer Electricals, Lutron Electronics Company, Comarch, Cree Lighting USA LLC, Halonix Technologies Limited, Dialight, Wyze Labs Inc., Deco Lighting Inc.
Which are the Top Profitable Regional Markets for the Smart Lamps Industry?
North America was the largest region in the smart lamps market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart lamps market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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