Connected Lighting Platform Market Overview
Connected Lighting Platform is a modular development kit for prototyping cost-effective, commercial and industrial lighting solutions. The connected lighting platform is energy efficient and offers features like wireless control like on & off, dimming, etc.
The connected lighting platform comprises of components including LED module, Bluetooth, AC/DC power board, LED driver board, etc. Connected lighting platform offers overall LED control functionalities using control mobile app, web client and RSL10 sense.
Impact of COVID-19 Pandemic Outbreak on Connected Lighting Platform Market
COVID-19 pandemic has set the economy of the world back by many years and has impacted almost every sector. Pandemic has hugely affected the lighting industry because China, a major supplier of raw materials for finished electronic component is suffering from production losses, supply disruption, and price fluctuations.
Due to pandemic the lighting industry may witness the growth around 12% to 15% which was expected to witness growth of 20% t0 25% before COVID-19.
Connected Lighting Platform Market: - Market Dynamics
Adoption of Connected Lighting in Stadium to Driving the Market Growth
Connected lighting is a set of activities like controls, connection of lighting and sensors to a local network which is controlled and monitored through dashboard that is accessed through mobile phone, tablet or computer. As the connected lighting system provides various lighting effects the adoption of connected lighting is increasing in stadiums.
Through connected lighting stadium stakeholders can optimize light performance by remote, create a multipurpose venue and also collect the real time data on lighting system status. User can interact with the fans by integrating mobile devices or other system for improving operations using the connected lighting system.
Connected lighting system in stadiums enhance energy efficiency, sustainability, operations, and fan experience. Hence, owing to increasing technological enhancement the demand for connected lighting platform is increasing.
Initial Implementation Cost to Restrict Market Growth
Initial deployment cost of connected lighting system is high, so this translates into substantial upfront capital investment along with ongoing support and maintenance cost, which makes difficult for stakeholders. This increases the capital expenses and cost of support staff to perform necessary maintenance and upgrades, which is hindering market growth.
Connected Lighting Platform Market: - Key Players
The key players in the Connected Lighting Platform market are
- ON Semiconductor
- Phillips Signify
Connected Lighting Platform Market: - Regional Analysis
Connected lighting platform market dominated in North America and Europe in terms of revenue in 2019, owing to increasing adoption of smart LED’s in the region. South Asia & Pacific is estimated to witness high growth owing to increasing investment by government on public infrastructure are increasing the growth of the market in the region.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain of the global Connected Lighting Platform market.
The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with Connected Lighting Platform market attractiveness as per segments. The report on Connected Lighting Platform market also maps the qualitative impact of various factors on Connected Lighting Platform market segments and geographies.
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Rest of Latin America)
- Europe (Germany, Italy, U.K, Spain, France, BENELUX, Russia, Rest of Europe)
- East Asia (China, Japan, & South Korea)
- South Asia & Pacific (India, ASEAN, Australia & New Zealand, Rest of South Asia)
- Middle East and Africa (GCC Countries, Turkey, South Africa, Rest of MEA)
Connected Lighting Platform Market: - Segmentation
- Lamps & Fixtures
- Lighting Controls
- Industrial Lighting
- Stadium Lighting
- Smart Homes