Smart Lighting Market Outlook and Global Foresight to 2021

Global Smart Lighting Market Information by lighting type (led, fluorescent lights, compact fluorescent lamps) by Application (commercial applications, residential applications) by components (sensors, relays timers) Sub Types - Forecast 2016-2021
Market Synopsis of Smart Lighting Market:
Market Scenario:
Intelligent lighting systems are being widely touted as the future of the lighting industry. With the massive proliferation of lighting fixtures such as LEDs and others in the market, the smart lighting industry is set to dominate a plethora of applications ranging from commercial to outdoor applications. The market for global Smart Lighting is expected to reach up to $ 59.973 billion by the end of the forecasted period and is expected to grow at a CAGR of ~19-21%.
The major factors contributing to the growth of the Smart Lighting market are driven by continuously declining average selling price (asp) of led bulbs and influx of smart apps, internet of things and remote access & control by software providers.

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Study Objectives of Global Smart Lighting Market:
• To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global Smart Lighting market.
• To provide insights about factors affecting the market growth.
• To analyze the global Smart Lighting market based porter’s five force analysis etc.
• To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW).
• To provide country level analysis of the market with respect to the current market size and future prospective.
• To provide country level analysis of the market for segment on the basis of product, component, technology and vertical.
• To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Smart Lighting market.
Key Players:
The prominent players in the global Smart Lighting market are –
• Teledyne Dalsa (U.S)
• Cognex Corporation (U.S)
• Basler AG (Germany)
• Pixelink (U.S)
• Sick IVP (Germany)
• JAI (U.S)
• LMI Technologies (U.S)
• Adept Technologies Inc. (U.S)
• MVTech Software GmBH (Germany)
• Omron Corporation (Japan) among others.

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Segments:
Global Smart Lighting market for segment on the basis of Product, Component, Technology and Vertical.
Global Smart Lighting Market by Product:
• PC Based
• Embedded
Global Smart Lighting Market by Component:
• Hardware
• Software
Global Smart Lighting Market by Technology:
• Laser
• Imaging
• Augmented
Global Smart Lighting Market by Vertical:
• Automotive
• Consumer Electronics
• Pharmaceutical
• Metals
• Healthcare
• Food & Packaging
• Others
Regional Analysis:
The regional analysis of global Smart Lighting market is being studied for region such as Asia Pacific, North America, Europe and Rest of the World. North America has the highest market share in global Smart Lighting market, because advanced technology is implemented in industries.Asia-Pacific accounts for high growth rate in the market because of major manufacturing countries such as China, Japan, India and South Korea present in the region. Europe is also one of the prominent player in the market because of major automotive manufacturers present in the region.

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Intended Audience
• Investors and consultants
• System Integrators
• Government Organizations
• Research/Consultancy firms
• Technology solution providers
• IT Solution Providers
• Automotive Manufacturers
• Original Equipment Manufacturers

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Akash Anand,
Market Research Future
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This release was published on openPR.