Press release
Key Trends and Emerging Changes Shaping the Smart Lamps Market Landscape
Smart Lamps Market
Projected Growth and Market Size of Smart Lamps
The smart lamps market is anticipated to experience strong growth over the coming years, reaching a value of $12.48 billion by 2030. This represents a compound annual growth rate (CAGR) of 18.1%. The market's expansion is driven by several factors, including the integration of artificial intelligence (AI) assistants, the continued growth of smart home ecosystems, improvements in IoT-enabled lighting technologies, a rising emphasis on personalized lighting experiences, and increased adoption of connected lighting solutions in commercial settings. Prominent trends shaping this period include voice-activated lighting systems, app-controlled lamps, energy-efficient smart lighting options, remote home automation capabilities, and adjustable color-tunable lighting.
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Key Market Leaders in the Smart Lamps Industry
Some of the top companies making significant strides in the smart lamps market include 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., Havells India Ltd., 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., and Deco Lighting Inc.
Strategic Acquisition Enhances Smart Lighting Portfolio
In December 2024, Gewiss, an Italian manufacturer of electrical equipment, acquired TVILIGHT, a Netherlands-based company specializing in smart city street lighting solutions, for an undisclosed price. This acquisition is expected to bolster Gewiss's smart lighting product lineup by incorporating advanced urban lighting control technologies. The move aims to strengthen Gewiss's global market position and drive innovation specifically in smart street lighting solutions, benefiting from TVILIGHT's expertise in smart lamps geared towards urban environments.
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Innovative Trends Shaping the Smart Lamps Market
Leading smart lamps manufacturers are increasingly introducing AI-powered lighting products designed to improve user health and productivity, particularly in educational settings. Such smart desk lamps utilize AI technology to offer features like voice activation, automatic brightness adjustment, and mobile app control.
For example, in January 2024, SenseTime, a Chinese AI software firm, launched the SenseRobot Smart Lamp. This device offers AI-driven capabilities including posture correction, enhanced concentration support, and eye protection using full-spectrum natural light that surpasses national AA certification standards. Unique functionalities such as posture reminders and AI spotlighting optimize lighting based on book movement, promoting better focus and well-being for students. This launch reflects a growing trend toward embedding AI in everyday household products to support health and learning.
Segment Breakdown of the Smart Lamps Market
The smart lamps market is categorized into distinct segments for a clearer understanding of its composition:
1) By Type:
- Smart LED Bulbs
- Smart LED Strips
- Smart Outdoor Lamps
- Smart Lamp Fixtures
2) By Connectivity:
- Wired
- Wireless
3) By Application:
- Residential
- Commercial
- Industrial
- Outdoor
Further subsegments include:
- Smart LED Bulbs such as White Dimmable, Tunable White, RGB/RGBW Color, Smart Filament, and High-Lumen varieties.
- Smart LED Strips including Single-Color, Tunable White, RGB, RGBIC/RGBW Addressable, and Outdoor LED strips.
- Smart Outdoor Lamps such as Garden Pathway Lamps, Floodlights, Wall-Mounted Outdoor Lamps, Landscape Spotlights, and Solar-Powered Lamps.
- Smart Lamp Fixtures including Ceiling Lamps, Pendant Lamps, Table or Desk Lamps, Wall Lamps or Sconces, and Floor Lamps.
This segmentation highlights the diversity of products available to meet different user needs and preferences, showcasing the breadth of innovation within the smart lamps sector.
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