Enlightening the World: With advancements in technology such as the IoT & AI, smart lighting has emerged as a dynamic solution across the globe, where the market is expected to cross USD 45 Billion by 2028.

Smart lighting is revolutionizing the way user illuminates and interacts with the surroundings, transforming traditional lighting systems into intelligent, connected ecosystems. By combining cutting-edge lighting fixtures, intelligent controls, and data analytics, smart lighting systems enable seamless integration with other smart devices, automation of lighting operations, and customization of lighting settings to meet individual preferences and specific requirements. From homes and offices to public spaces and cities, smart lighting is reshaping our environments, providing not only efficient illumination but also creating safer, more comfortable and engaging spaces. With its potential to optimize energy usage, enhance security, support health and well-being, and enable smart city initiatives, smart lighting is paving the way towards a brighter and more connected future. One of the key advantages of smart lighting is its ability to improve energy efficiency. Through advanced sensors and controls, smart lighting systems can automatically adjust lighting levels, dim or turn off lights when not needed, and optimize energy consumption based on occupancy and natural light availability. This not only reduces energy waste but also leads to significant cost savings for individuals, businesses, and governments. Personalization is another aspect that sets smart lighting apart. With the ability to customize color temperature, brightness, and even create lighting scenes, users can create the desired ambiance for any occasion or mood. Whether it's setting a relaxing tone for a cozy evening at home or creating a vibrant and dynamic atmosphere for a party, smart lighting puts control in the hands of the users, allowing them to tailor the lighting experience to their preferences. Smart lighting also plays a crucial role in enhancing safety and security. With features like motion sensors and programmable timers, smart lighting systems can deter intruders, provide lighting in dark areas, and create the illusion of occupancy when homeowners are away, adding an extra layer of protection and peace of mind. In addition to these benefits, smart lighting contributes to sustainability and environmental conservation. By reducing energy consumption and optimizing resources, it helps to lower carbon footprints and minimize the ecological impact of lighting. Furthermore, the use of energy-efficient LED bulbs in smart lighting systems extends their lifespan, reducing waste and the need for frequent replacements.

According to the research report, “Global Smart Lighting Market Outlook, 2028” published by Bonafide Research, the market is anticipated to cross USD 45 Billion market size by 2028, increasing from USD 15.67 Billion in 2022. The market is projected to grow with 20.02% CAGR by 2023-28. Smart lighting is not limited to individual spaces but also has a significant impact on urban environments. In the context of smart cities, intelligent lighting systems can be integrated with other infrastructure elements such as traffic management, parking systems, and environmental sensors. This interconnectedness allows for more efficient city operations, improved traffic flow, enhanced public safety, and better management of resources. As technology continues to advance, the potential for smart lighting only expands further. Innovations such as Li-Fi, which uses light waves to transmit data, and augmented reality integration, open up exciting possibilities for communication, connectivity, and immersive experiences. Smart lighting systems can deliver substantial cost savings over traditional lighting solutions. Through features like occupancy sensing, daylight harvesting, and dimming capabilities, smart lighting optimizes energy usage and reduces electricity bills. Additionally, the longer lifespan of LED bulbs lowers maintenance and replacement costs. Many governments around the world have implemented regulations and standards to promote energy-efficient lighting and reduce carbon emissions. These initiatives provide incentives, subsidies, and mandates that encourage the adoption of smart lighting technologies in residential, commercial, and public sectors. The global trend towards smart city development is driving the demand for smart lighting. Smart lighting systems play a crucial role in creating safe, efficient, and sustainable urban environments. They enable features such as adaptive lighting, remote monitoring and control, and integration with other smart city infrastructure like transportation, security, and environmental management systems.

The global smart lighting marker is segmented into five major regions including North America, Europe, Asia-Pacific, South America and Middle East & Africa. Among them, Europe is the prominent region in the global smart lighting market. Countries such as Germany, the United Kingdom, France, and the Netherlands have been at the forefront of adopting energy-efficient technologies, including smart lighting. The region's focus on sustainability, stringent energy efficiency regulations, and government initiatives promoting smart city development has contributed to the growth of the smart lighting market. North America is another leading region in the global smart lighting market. The United States, in particular, has witnessed significant adoption of smart lighting solutions due to factors such as energy efficiency initiatives, government regulations, and the presence of major technology companies. The region has seen a strong demand for smart lighting in residential, commercial, and industrial sectors. The Asia-Pacific region is experiencing rapid growth in the smart lighting market. Countries like China, Japan, and South Korea are witnessing significant adoption of smart lighting technologies driven by factors such as urbanization, government initiatives, and increased investments in infrastructure development. Additionally, the rising awareness of energy conservation and the growing demand for smart homes and buildings contribute to the market's growth in this region. 

South America is an emerging market for smart lighting, with countries like Brazil and Argentina leading the adoption. The region's growing focus on energy efficiency, infrastructure development, and smart city projects are driving the demand for smart lighting solutions. The expanding urban population and increasing consumer awareness about energy conservation are also contributing factors. The region's focus on sustainability and energy efficiency, along with infrastructure development initiatives, is driving the demand for smart lighting solutions. Brazil, in particular, is experiencing significant growth, driven by urbanization and investments in smart city projects. The Middle East and Africa (MEA) region is also witnessing growing interest in smart lighting solutions. Countries like the United Arab Emirates, Saudi Arabia, and South Africa are investing in smart city initiatives, which include the deployment of advanced lighting systems. The region's focus on sustainability, energy efficiency, and infrastructure modernization presents significant opportunities for smart lighting vendors. South Africa has also shown progress in the adoption of smart lighting technologies, driven by urbanization and a growing awareness of the benefits of energy-efficient lighting.

The global smart lighting market offers a wide range of offerings that cater to different aspects of lighting systems and solutions including hardware, software and services. Among them, hardware offerings form a significant part of the smart lighting market and include components such as LED lights, sensors, fixtures, switches, and control systems. LED lights are a key component, providing energy-efficient illumination and longer lifespan compared to traditional lighting technologies. Smart sensors, such as occupancy sensors and daylight sensors, enable automation and energy optimization by detecting occupancy and natural light levels. Smart lighting fixtures are designed to integrate with smart controls and provide flexibility in lighting design and customization. On the other hand, software offerings play a crucial role in smart lighting systems, providing the intelligence and control necessary for advanced functionality. Lighting management software allows users to monitor and control lighting systems remotely, customize lighting settings, and gather data for analysis. Lighting control software utilizes algorithms and scheduling capabilities to automate lighting operations and optimize energy usage based on specific requirements. Based on the installation type, the market is categorized into new and retrofit. Among them, new segment is dominating the market with more than 60% market share in 2022. New installations involve the deployment of smart lighting systems in newly constructed buildings or spaces. New installations provide the opportunity to design and implement smart lighting solutions from scratch, integrating smart lighting fixtures, controls, sensors, and communication infrastructure seamlessly into the building's electrical systems. New installations are commonly adopted in commercial buildings, offices, retail spaces, and smart city projects, where the lighting system can be planned and optimized for energy efficiency, customization, and integration with other smart technologies. However, retrofit solutions enable the integration of smart controls, sensors, and communication modules into traditional lighting setups, allowing for enhanced functionality and energy efficiency without the need for major infrastructure changes. Retrofit installations are commonly adopted in residential and commercial settings where existing lighting fixtures can be retrofitted with smart bulbs, smart switches, or control modules.

Over the projection period, the indoor application sector is predicted to increase at a much faster rate in terms of revenue. Traditional workplaces are not the same as modern workspaces. They are focused with integrating existing facilities and new technologies in order to create a connected, comfortable, and productive work environment. As a result, they rely on smart interior lighting solutions to meet lighting requirements, which drives the segment's revenue growth. The residential category is predicted to have a big revenue size in the global market due to the widespread installation of intelligent lighting in residential structures as consumer knowledge of smart lighting and the performance of energy-efficient products grows. Furthermore, because lighting has been found to influence people's moods and behaviour, hospital administrators must select acceptable indoor lighting options. Because LED lights are well known to improve eyesight clarity, hospitals frequently rely on LED luminaires and LED accessories for lighting. They emit no heat or radiation that is harmful to human health. On the other hand, the commercial sector is expected to rise at a significant CAGR in the global market over the forecast period. The lighting for the retail space's gardens, exterior walls, terrace, and outdoor areas is part of the commercial architectural application. Based on the connectivity mode, the wireless category dominates the market due to rising demand for Wi-Fi-based lighting solutions, falling costs of smart LED lights, and rising household wireless internet penetration. Wireless connectivity is preferred by consumers who demand connections within a short distance, making it the category with the fastest growth during the predicted period. Wi-Fi, Bluetooth, SmartThings, Z-Wave, and ZigBee wireless technologies connect lighting fixtures with smartphone apps to provide remote control. Wireless technology has been widely implemented in the residential sector to adjust the hues and colours of luminaires for aesthetic purposes within a constrained space. The increased implementation of wireless technology for lighting applications across sectors is attributed to significant investment in wireless lighting solutions and high client demand.

The major trend in the market includes Li-Fi (Light Fidelity). It is a technology that utilizes light waves to transmit data, offering high-speed wireless communication. Li-Fi-enabled smart lighting systems have the potential to provide secure and ultra-fast wireless connectivity, enabling data transfer, internet access, and device communication through light signals. Li-Fi technology is expected to revolutionize the way we connect and interact with smart lighting systems. Smart lighting systems are increasingly integrating with the Internet of Things (IoT) and leveraging connectivity technologies. This enables seamless control, monitoring, and automation of lighting systems through wireless networks and cloud-based platforms. IoT integration allows for enhanced functionalities, data analytics, and interoperability with other smart devices and systems. Further, human-centric lighting aims to enhance human well-being, productivity, and comfort by aligning lighting with natural daylight patterns and circadian rhythms. Smart lighting systems can simulate natural lighting conditions, dynamically adjust colour temperature and intensity, and provide personalized lighting experiences. Human-centric lighting finds applications in residential, commercial, and healthcare settings. Smart lighting systems generate a wealth of data that can be leveraged for insights and analytics. Advanced analytics enable facility managers, city planners, and businesses to optimize lighting operations, predict maintenance needs, and make data-driven decisions. Data-driven insights also contribute to improving energy efficiency and optimizing lighting design. Light Detection and Ranging (LiDAR) technology can also be integrated into smart lighting systems to enable gesture control. LiDAR sensors can detect hand movements and gestures, allowing users to interact with lighting systems without physically touching switches or devices. Gesture control offers a touch less and intuitive way to adjust lighting settings, enhancing user convenience and accessibility.