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Wireless Lighting Market

Market Insights on Wireless Lighting covering sales outlook, demand forecast & up-to-date key trends

Wireless Lighting Market by Product, Application & Region - Forecast 2022 – 2032

Wireless Lighting Market Outlook (2022-2032)

[250 Pages Report] The global wireless lighting market is slated to top a valuation of US$ 1,31,896 million in 2022. Sales of wireless lighting, also known as smart lighting, are expected to increase at a 3.48% CAGR over the forecast period. Against this backdrop, the total wireless lighting market size will reach US$ 1,85,672 million by 2032.

Report Attribute

Key Statistics

Wireless Lighting Market Expected Market Value (2022)

US$ 1,31,896 Million

Wireless Lighting Market Anticipated Forecast Value (2032)

US$ 1,85,672 Million

Wireless Lighting Market Projected Growth Rate (2022-2032)

3.48% CAGR

Factors driving the wireless lighting market demand globally:

  • The development of wireless lighting aids manufacturers in decoupling the marketing of lighting products from the strong downward price spiral in the conventional LED lighting markets. Hence, the adoption of wireless lighting helps manufacturers skim additional payments from customers.
  • Controlled power usage and longer life are factors that increase the penetration of wireless lighting. Moreover, it further increases due to the availability of a wide range of decorative lighting products, as well as multiple light setting in a single lamp.
  • Government policies coupled with stringent regulations encourage energy conservation and environment protection and discourage the usage of incandescent lamps. These aspects are likely to bolster the demand for wireless lighting.
  • The replacement of the inferior compact halogen or fluorescent lighting technologies could accelerate since wireless lighting is being increasingly deployed, owing to its societal benefits. This is anticipated to drive the global wireless lighting market growth.

Although the wireless lighting market share is likely to experience substantial growth, hindrances such as high initial costs of the equipment, as well as the cost of installation and integration services, may curb its global demand.

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Energy Conservation & Safety Protocols Transforming Wireless Lighting Markets in Different Regions: North America & Europe

North America currently dominates the wireless lighting market, which is attributed to the presence of leading manufacturers in the U.S. In addition, there is a high demand for smart lighting across schools, colleges, universities and work spaces.

The U.S. hosts numerous concerts, public events and conferences, which increases the demand for wireless lighting and drives product innovations. Likewise, these lighting systems are being increasingly deployed for shooting advertisement commercials, music videos and photoshoots. The introduction of Li-Fi, which is essentially lighting equipped with a Wi-Fi connection, is becoming progressively popular. Additionally, rising interest in media and film communities and a high influx of tourists in Canada are further anticipated to drive global market growth.

Europe holds the second-largest market share of wireless lighting owing to the rising focus on implementing safety protocols and uniform performance standards for indoor and commercial lighting systems. Smart lamps and lighting systems for entertainment rooms, garages, art studios, and indoor theatres are being preferred by consumers in Germany, France, and Italy. Moreover, the replacement of traditional systems through the high adoption of wireless lighting in residential sectors in this region.

Replacement of Non-renewable Power & Other Market Opportunities

A major contributor to greenhouse emissions and environmental deterioration is the rising consumption of non-renewable power, which is becoming a growing concern amongst consumers and enterprises. Therefore, carbon emissions can be limited by conserving the energy utilized for lighting and ultimately improving environmental health. Several policymakers and governments are implementing sustainable policies to promote energy-saving lighting products owing to rising pressure to make energy-efficient changes.

Manufacturers are offering smart LED street lighting fixtures that consume about half of what HBS fixtures do, but presently, spot LED lighting systems are being deployed as they can be controlled via network communications and reduces energy consumption.

Either a PC or a smartphone can be used to facilitate the control of these lighting fixtures, as well as manage them as social assets. These streetlights conserve a lot of energy by reducing unnecessary lighting and simply illuminating the target area to only the degree required.

There has been a recent launch in the wireless lighting market share with the introduction of “Wi-Fi enabled LED Bulb.” This 9W smart LED bulb comes with multi-color lighting options, as well as automated scheduling functions. Key manufacturers claim that the multi-color options offer nearly 16 Mn shades.

The lighting settings can be adjusted according to the needs of the user, which range from dinner, family gatherings, and parties to kids playing areas and recreational rooms. Moreover, the bulb comes equipped with a pre-set feature that allows the user to auto-schedule the switching on and off of the lights. These innovations are anticipated to spark creativity in manufacturers, which may eventually expand the global market size.

High demand for energy-efficient and wireless lighting systems across smart city projects in various countries is a chief trend driving the adoption of wireless lighting. Rising preference for wireless lighting can be attributed to the widespread awareness of reducing energy consumption across homes and offices.

The introduction of integrated lighting control systems, decreasing costs of LEDs, along with rising demand for lighting devices with smartphone connectivity will augment the wireless lighting market size.

In addition to this, the popularity of human-centric lighting solutions across countries such as India, Germany, China, and Brazil is gaining traction. These systems detect individuals' moods and behavior and adjust the lighting in a particular room accordingly. The adoption of these lighting systems in the healthcare sector is rising, which, in turn, will fuel the demand for wireless lighting.

Further, government initiatives to promote the use of green energy, along with high demand for PoE-based lighting solutions in residential, commercial, and healthcare sectors will continue pushing the adoption of wireless lighting.

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Which Trends are Driving Sales of Wireless Lighting?

To reduce energy consumption across the industrial and residential sectors, government bodies across various countries have introduced a standard protocol for lighting control systems. A standard protocol defines and analyses the methods used for data representation, authentication, signaling, and error detection in wireless lighting systems.

A standard protocol ensures the stability of connection in these systems, streamlines communication, and enables data transfer between computing units and control endpoints. Digital protocols are either one-way or two-way, in which two-way (bilateral) protocol enables fast and effective communication between luminaires and connected devices.

Currently, ZigBee and DALI are the most commonly installed protocols in smart and wireless lighting solutions. Besides these two, the adoption of protocols such as KNX has improved the overall efficiency of wireless lighting systems, which is driving sales in the market.

Standard protocols also facilitate better understanding and compatibility among connected devices and simplify the overall installation process, thereby making the adoption of smart lighting more convenient and effective.

Which Factors are Hampering Demand for Wireless Lighting?

In wireless lighting systems, wireless networks are used to connect network components to perform the required functions. These lighting systems comprise an array of built-in sensors, cameras, and LED fixtures to a wireless network.

The data is stored in the cloud to enable remote access to wireless lighting systems. As these systems are connected through the Internet, they are susceptible to exploitation by hackers. For instance, a hacker can gain access to the controlled lighting system installed in a residential space and turn the cameras and lighting off for malicious intent.

Intruders can also turn off lights and security alarm systems at hospitals and public places, which might result in severe consequences. Privacy and security remain key challenges in wireless lighting systems, which are expected to influence the wireless lighting market demand analysis.

Besides this, inadequate network connectivity in remote locations might disrupt the functioning of wireless lighting systems, causing hindrances and delays in operations. When a large number of wireless components are deployed in wireless lighting systems, unlicensed systems might breach the connectivity and hamper the efficacy of lighting systems. Such factors are expected to limit sales of wireless lighting across remote locations over the forecast period.

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What Will be the North America Wireless Lighting Market Outlook?

In 2022, the North America wireless lighting market is expected to hold 25% of the total wireless lighting market share. Growth in the market can be attributed to government initiatives to minimize energy consumption across various states in the U.S.

The presence of leading manufacturers of wireless lighting in the U.S. is expected to create opportunities for growth in the market. In addition to this, high demand for smart lighting across universities, schools, colleges, and offices will boost sales of wireless lighting systems.

Further, rising demand for wireless event lighting for concerts, public events, and conferences is driving product innovations in the market. Wireless lighting systems are increasingly being adopted for shooting advertisement commercials, music videos, and photoshoots.

Citing this trend, Astera, a hardware and software manufacturing specialist, collaborated with cinematographers to launch portable heavy lighting systems for the media industry. In 2018, the company developed a wireless lighting system known as Titan Tube, which includes a DMX protocol, indoor and outdoor compatibility, an AC-powered battery, unlimited usage range, and connectivity with the AsteraApp for remote access.

Demand for event wireless lighting in Canada is also gaining traction amid high influx of international tourists and rising interest in media and film communities. Backed by the aforementioned factors, sales of wireless lighting across North America will remain high.

Why is the Europe Wireless Lighting Market Considered Attractive?

As per the report, demand for wireless lighting and smart lighting systems across Europe is expected to account for 31% of the total wireless lighting market valuation over the forecast period.

Increasing focus on implementing uniform performance standards and safety protocols for indoor and commercial lighting systems is expected to shape the wireless lighting market outlook in Europe.

Consumers in Germany, France, and Italy are preferring smart lamps and lighting systems in garages, indoor theatres, entertainment rooms, and art studios. High adoption of LED luminaires, along with the replacement of traditional systems with smart lamps in the residential sector are some of the emerging wireless lighting market trends in Europe

Numerous small smart lighting manufacturers are entering the market in Europe, while established players are constantly evolving their product portfolios by adding specific lighting solutions for applications such as landscape lighting, task lighting, downlighting, and ambient illumination.

In March 2022, one of the global leaders in wireless lighting solutions, Zumtobel Group AG presented its latest outdoor lighting solution for outdoor applications at the Data Centre World 2022 exhibition held in the U.K. Such developments are expected to augment the Europe wireless lighting market size over the upcoming decade.

How are Startups Spearheading the Growth in the Wireless Lighting Market?

Amid ongoing technological advancements in residential and commercial lighting, various emerging players and startups are offering a wide range of innovative smart lighting systems, which is expected to bode well for the growth in the market.

The integration of the Internet of Things (IoT) is one of the key wireless lighting market trends, resulting in product innovations in smart cities and homes. Human-centric lighting is gaining popularity among consumers worldwide.

Taking cues, U.S.-based startup Aurea Lighting launched human-centric wireless lighting for commercial spaces, schools, universities, offices, and homes. These systems use a dye film that converts blue light to natural and soft lighting based on the mood. The company’s HCL solution aims to increase alertness in students and employees during work hours.

Similarly, Heliohex develops IoT-enabled LED lighting for horticulture, paving way for sustainable agriculture practices such as indoor farming. LED lighting enables farms to improve the yield and productivity in indoor farming practices as it simulates the effect of natural light using automation.

Heliox’s lighting system adjusts the color and wavelength of light to suit the photoreceptors in plants. The system also simulates the cycle of the sun from sunrise to sunset and even produces changes that occur due to seasonal variations for better crop growth.

What is the Competition Landscape in the Wireless Lighting Market?

Leading wireless lighting manufacturers are investing in research and development to launch IoT-enabled wireless lighting systems for smart cities and homes. They are also launching application-specific wireless lighting for industries such as media and entertainment, agriculture and horticulture, and healthcare.

Some of the prominent players operating in the wireless lighting market include Panasonic Corporation, Schneider Electric S.E., Eaton Corporation, and Hubble Lighting Inc. Recent developments in the market include:

In March 2021, Hubble launched a new and improved NX Distributed Intelligence Lighting Control Panel (NXP2) Series. It centralizes connection points in an enclosure and reduces the time required to deploy compliant lighting control systems.

Report Scope

Report Attribute

Details

Expected Market Value (2022)

US$ 1,31,896 Million

Market Anticipated Forecast Value (2032)

US$ 1,85,672 Million

Growth Rate

CAGR of 3.48% from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2016-2020

Forecast Period

2022-2032

Quantitative Units

Revenue in US$ Million and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis

Segments Covered

  • Product
  • Application
  • Region

Regions Covered

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Key Countries Profiled

  • U.S.
  • Canada
  • Brazil
  • Argentina
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • Nordics
  • BENELUX
  • Australia & New Zealand
  • China
  • India
  • ASEAN
  • GCC
  • South Africa

Key Companies Profiled

  • Panasonic Corporation
  • GE Lighting LLC
  • Schneider Electric S.E
  • Acuity Brands Lighting, Inc.
  • Hubbell Lighting, Inc.
  • Honeywell International
  • OSRAM Licht AG
  • Eaton Corporation
  • CREE Inc.
  • Royal Philips NV
  • Leviton Manufacturing Co., Inc.
  • Lutron Electronics Co., Inc.
  • Glamox lighting
  • Lifi Labs Inc.
  • Switchmate Home LLC.
  • IKEA
  • Disano Illuminazione S.p.A
  • EGLO Leuchten GmbH.

Customization

Available Upon Request

Key Segments Profiled in the Wireless Lighting Industry Survey

By Product:

  • Wi-Fi
  • Z-Wave
  • ZigBee
  • Bluetooth
  • Enocean

By Application:

  • Residential
  • Commercial Buildings
  • Government offices and building
  • Street Lighting
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Frequently Asked Questions

Sales in the global wireless lighting market are slated to increase at a 3.48% CAGR over the forecast period.

North America is projected to account for 25% of the total wireless lighting market share in 2022.

Demand for wireless lighting increased at a 3% CAGR between 2016 to 2021.

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Investment Feasibility Matrix

    3.5. PESTLE and Porter’s Analysis

    3.6. Regulatory Landscape

        3.6.1. By Key Regions

        3.6.2. By Key Countries

    3.7. Regional Parent Market Outlook

4. Global Market Analysis 2017-2021 and Forecast, 2022-2032

    4.1. Historical Market Size Value (US$ Mn) Analysis, 2017-2021

    4.2. Current and Future Market Size Value (US$ Mn) Projections, 2022-2032

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Product

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Mn) Analysis By Product, 2017-2021

    5.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By Product, 2022-2032

        5.3.1. Wi-Fi

        5.3.2. Z-Wave

        5.3.3. ZigBee

        5.3.4. Bluetooth

        5.3.5. Enocean

    5.4. Y-o-Y Growth Trend Analysis By Product, 2017-2021

    5.5. Absolute $ Opportunity Analysis By Product, 2022-2032

6. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Application

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Mn) Analysis By Application, 2017-2021

    6.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By Application, 2022-2032

        6.3.1. Residential

        6.3.2. Commercial Buildings

        6.3.3. Government Offices and Building

        6.3.4. Street Lighting

        6.3.5. Others

    6.4. Y-o-Y Growth Trend Analysis By Application, 2017-2021

    6.5. Absolute $ Opportunity Analysis By Application, 2022-2032

7. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Region

    7.1. Introduction

    7.2. Historical Market Size Value (US$ Mn) Analysis By Region, 2017-2021

    7.3. Current Market Size Value (US$ Mn) Analysis and Forecast By Region, 2022-2032

        7.3.1. North America

        7.3.2. Latin America

        7.3.3. Europe

        7.3.4. Asia Pacific

        7.3.5. MEA

    7.4. Market Attractiveness Analysis By Region

8. North America Market Analysis 2017-2021 and Forecast 2022-2032, By Country

    8.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021

    8.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032

        8.2.1. By Country

            8.2.1.1. U.S.

            8.2.1.2. Canada

        8.2.2. By Product

        8.2.3. By Application

    8.3. Market Attractiveness Analysis

        8.3.1. By Country

        8.3.2. By Product

        8.3.3. By Application

    8.4. Key Takeaways

9. Latin America Market Analysis 2017-2021 and Forecast 2022-2032, By Country

    9.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021

    9.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032

        9.2.1. By Country

            9.2.1.1. Brazil

            9.2.1.2. Mexico

            9.2.1.3. Rest of Latin America

        9.2.2. By Product

        9.2.3. By Application

    9.3. Market Attractiveness Analysis

        9.3.1. By Country

        9.3.2. By Product

        9.3.3. By Application

    9.4. Key Takeaways

10. Europe Market Analysis 2017-2021 and Forecast 2022-2032, By Country

    10.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021

    10.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032

        10.2.1. By Country

            10.2.1.1. Germany

            10.2.1.2. U.K.

            10.2.1.3. France

            10.2.1.4. Spain

            10.2.1.5. Italy

            10.2.1.6. Rest of Europe

        10.2.2. By Product

        10.2.3. By Application

    10.3. Market Attractiveness Analysis

        10.3.1. By Country

        10.3.2. By Product

        10.3.3. By Application

    10.4. Key Takeaways

11. Asia Pacific Market Analysis 2017-2021 and Forecast 2022-2032, By Country

    11.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021

    11.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032

        11.2.1. By Country

            11.2.1.1. China

            11.2.1.2. Japan

            11.2.1.3. South Korea

            11.2.1.4. India

            11.2.1.5. Malaysia

            11.2.1.6. Singapore

            11.2.1.7. Australia

            11.2.1.8. New Zealand

            11.2.1.9. Rest of APAC

        11.2.2. By Product

        11.2.3. By Application

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By Product

        11.3.3. By Application

    11.4. Key Takeaways

12. MEA Market Analysis 2017-2021 and Forecast 2022-2032, By Country

    12.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021

    12.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032

        12.2.1. By Country

            12.2.1.1. GCC Countries

            12.2.1.2. South Africa

            12.2.1.3. Israel

            12.2.1.4. Rest of MEA

        12.2.2. By Product

        12.2.3. By Application

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By Product

        12.3.3. By Application

    12.4. Key Takeaways

13. Key Countries Market Analysis

    13.1. U.S.

        13.1.1. Pricing Analysis

        13.1.2. Market Share Analysis, 2021

            13.1.2.1. By Product

            13.1.2.2. By Application

    13.2. Canada

        13.2.1. Pricing Analysis

        13.2.2. Market Share Analysis, 2021

            13.2.2.1. By Product

            13.2.2.2. By Application

    13.3. Brazil

        13.3.1. Pricing Analysis

        13.3.2. Market Share Analysis, 2021

            13.3.2.1. By Product

            13.3.2.2. By Application

    13.4. Mexico

        13.4.1. Pricing Analysis

        13.4.2. Market Share Analysis, 2021

            13.4.2.1. By Product

            13.4.2.2. By Application

    13.5. Germany

        13.5.1. Pricing Analysis

        13.5.2. Market Share Analysis, 2021

            13.5.2.1. By Product

            13.5.2.2. By Application

    13.6. U.K.

        13.6.1. Pricing Analysis

        13.6.2. Market Share Analysis, 2021

            13.6.2.1. By Product

            13.6.2.2. By Application

    13.7. France

        13.7.1. Pricing Analysis

        13.7.2. Market Share Analysis, 2021

            13.7.2.1. By Product

            13.7.2.2. By Application

    13.8. Spain

        13.8.1. Pricing Analysis

        13.8.2. Market Share Analysis, 2021

            13.8.2.1. By Product

            13.8.2.2. By Application

    13.9. Italy

        13.9.1. Pricing Analysis

        13.9.2. Market Share Analysis, 2021

            13.9.2.1. By Product

            13.9.2.2. By Application

    13.10. China

        13.10.1. Pricing Analysis

        13.10.2. Market Share Analysis, 2021

            13.10.2.1. By Product

            13.10.2.2. By Application

    13.11. Japan

        13.11.1. Pricing Analysis

        13.11.2. Market Share Analysis, 2021

            13.11.2.1. By Product

            13.11.2.2. By Application

    13.12. South Korea

        13.12.1. Pricing Analysis

        13.12.2. Market Share Analysis, 2021

            13.12.2.1. By Product

            13.12.2.2. By Application

    13.13. Malaysia

        13.13.1. Pricing Analysis

        13.13.2. Market Share Analysis, 2021

            13.13.2.1. By Product

            13.13.2.2. By Application

    13.14. Singapore

        13.14.1. Pricing Analysis

        13.14.2. Market Share Analysis, 2021

            13.14.2.1. By Product

            13.14.2.2. By Application

    13.15. Australia

        13.15.1. Pricing Analysis

        13.15.2. Market Share Analysis, 2021

            13.15.2.1. By Product

            13.15.2.2. By Application

    13.16. New Zealand

        13.16.1. Pricing Analysis

        13.16.2. Market Share Analysis, 2021

            13.16.2.1. By Product

            13.16.2.2. By Application

    13.17. GCC Countries

        13.17.1. Pricing Analysis

        13.17.2. Market Share Analysis, 2021

            13.17.2.1. By Product

            13.17.2.2. By Application

    13.18. South Africa

        13.18.1. Pricing Analysis

        13.18.2. Market Share Analysis, 2021

            13.18.2.1. By Product

            13.18.2.2. By Application

    13.19. Israel

        13.19.1. Pricing Analysis

        13.19.2. Market Share Analysis, 2021

            13.19.2.1. By Product

            13.19.2.2. By Application

14. Market Structure Analysis

    14.1. Competition Dashboard

    14.2. Competition Benchmarking

    14.3. Market Share Analysis of Top Players

        14.3.1. By Regional

        14.3.2. By Product

        14.3.3. By Application

15. Competition Analysis

    15.1. Competition Deep Dive

        15.1.1. Panasonic Corporation

            15.1.1.1. Overview

            15.1.1.2. Product Portfolio

            15.1.1.3. Profitability by Market Segments

            15.1.1.4. Sales Footprint

            15.1.1.5. Strategy Overview

                15.1.1.5.1. Marketing Strategy

        15.1.2. GE Lighting LLC

            15.1.2.1. Overview

            15.1.2.2. Product Portfolio

            15.1.2.3. Profitability by Market Segments

            15.1.2.4. Sales Footprint

            15.1.2.5. Strategy Overview

                15.1.2.5.1. Marketing Strategy

        15.1.3. Schneider Electric S.E.

            15.1.3.1. Overview

            15.1.3.2. Product Portfolio

            15.1.3.3. Profitability by Market Segments

            15.1.3.4. Sales Footprint

            15.1.3.5. Strategy Overview

                15.1.3.5.1. Marketing Strategy

        15.1.4. Acuity Brands Lighting, Inc.

            15.1.4.1. Overview

            15.1.4.2. Product Portfolio

            15.1.4.3. Profitability by Market Segments

            15.1.4.4. Sales Footprint

            15.1.4.5. Strategy Overview

                15.1.4.5.1. Marketing Strategy

        15.1.5. Hubbell Lighting, Inc.

            15.1.5.1. Overview

            15.1.5.2. Product Portfolio

            15.1.5.3. Profitability by Market Segments

            15.1.5.4. Sales Footprint

            15.1.5.5. Strategy Overview

                15.1.5.5.1. Marketing Strategy

        15.1.6. Honeywell International

            15.1.6.1. Overview

            15.1.6.2. Product Portfolio

            15.1.6.3. Profitability by Market Segments

            15.1.6.4. Sales Footprint

            15.1.6.5. Strategy Overview

                15.1.6.5.1. Marketing Strategy

        15.1.7. OSRAM Licht AG

            15.1.7.1. Overview

            15.1.7.2. Product Portfolio

            15.1.7.3. Profitability by Market Segments

            15.1.7.4. Sales Footprint

            15.1.7.5. Strategy Overview

                15.1.7.5.1. Marketing Strategy

        15.1.8. Eaton Corporation

            15.1.8.1. Overview

            15.1.8.2. Product Portfolio

            15.1.8.3. Profitability by Market Segments

            15.1.8.4. Sales Footprint

            15.1.8.5. Strategy Overview

                15.1.8.5.1. Marketing Strategy

        15.1.9. CREE Inc.

            15.1.9.1. Overview

            15.1.9.2. Product Portfolio

            15.1.9.3. Profitability by Market Segments

            15.1.9.4. Sales Footprint

            15.1.9.5. Strategy Overview

                15.1.9.5.1. Marketing Strategy

        15.1.10. Royal Philips NV.

            15.1.10.1. Overview

            15.1.10.2. Product Portfolio

            15.1.10.3. Profitability by Market Segments

            15.1.10.4. Sales Footprint

            15.1.10.5. Strategy Overview

                15.1.10.5.1. Marketing Strategy

16. Assumptions & Acronyms Used

17. Research Methodology

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List of Tables

Table 1: Global Market Value (US$ Mn) Forecast by Region, 2017-2032

Table 2: Global Market Value (US$ Mn) Forecast by Product, 2017-2032

Table 3: Global Market Value (US$ Mn) Forecast by Application, 2017-2032

Table 4: North America Market Value (US$ Mn) Forecast by Country, 2017-2032

Table 5: North America Market Value (US$ Mn) Forecast by Product, 2017-2032

Table 6: North America Market Value (US$ Mn) Forecast by Application, 2017-2032

Table 7: Latin America Market Value (US$ Mn) Forecast by Country, 2017-2032

Table 8: Latin America Market Value (US$ Mn) Forecast by Product, 2017-2032

Table 9: Latin America Market Value (US$ Mn) Forecast by Application, 2017-2032

Table 10: Europe Market Value (US$ Mn) Forecast by Country, 2017-2032

Table 11: Europe Market Value (US$ Mn) Forecast by Product, 2017-2032

Table 12: Europe Market Value (US$ Mn) Forecast by Application, 2017-2032

Table 13: Asia Pacific Market Value (US$ Mn) Forecast by Country, 2017-2032

Table 14: Asia Pacific Market Value (US$ Mn) Forecast by Product, 2017-2032

Table 15: Asia Pacific Market Value (US$ Mn) Forecast by Application, 2017-2032

Table 16: MEA Market Value (US$ Mn) Forecast by Country, 2017-2032

Table 17: MEA Market Value (US$ Mn) Forecast by Product, 2017-2032

Table 18: MEA Market Value (US$ Mn) Forecast by Application, 2017-2032

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List of Charts

Figure 1: Global Market Value (US$ Mn) by Product, 2022-2032

Figure 2: Global Market Value (US$ Mn) by Application, 2022-2032

Figure 3: Global Market Value (US$ Mn) by Region, 2022-2032

Figure 4: Global Market Value (US$ Mn) Analysis by Region, 2017-2032

Figure 5: Global Market Value Share (%) and BPS Analysis by Region, 2022-2032

Figure 6: Global Market Y-o-Y Growth (%) Projections by Region, 2022-2032

Figure 7: Global Market Value (US$ Mn) Analysis by Product, 2017-2032

Figure 8: Global Market Value Share (%) and BPS Analysis by Product, 2022-2032

Figure 9: Global Market Y-o-Y Growth (%) Projections by Product, 2022-2032

Figure 10: Global Market Value (US$ Mn) Analysis by Application, 2017-2032

Figure 11: Global Market Value Share (%) and BPS Analysis by Application, 2022-2032

Figure 12: Global Market Y-o-Y Growth (%) Projections by Application, 2022-2032

Figure 13: Global Market Attractiveness by Product, 2022-2032

Figure 14: Global Market Attractiveness by Application, 2022-2032

Figure 15: Global Market Attractiveness by Region, 2022-2032

Figure 16: North America Market Value (US$ Mn) by Product, 2022-2032

Figure 17: North America Market Value (US$ Mn) by Application, 2022-2032

Figure 18: North America Market Value (US$ Mn) by Country, 2022-2032

Figure 19: North America Market Value (US$ Mn) Analysis by Country, 2017-2032

Figure 20: North America Market Value Share (%) and BPS Analysis by Country, 2022-2032

Figure 21: North America Market Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 22: North America Market Value (US$ Mn) Analysis by Product, 2017-2032

Figure 23: North America Market Value Share (%) and BPS Analysis by Product, 2022-2032

Figure 24: North America Market Y-o-Y Growth (%) Projections by Product, 2022-2032

Figure 25: North America Market Value (US$ Mn) Analysis by Application, 2017-2032

Figure 26: North America Market Value Share (%) and BPS Analysis by Application, 2022-2032

Figure 27: North America Market Y-o-Y Growth (%) Projections by Application, 2022-2032

Figure 28: North America Market Attractiveness by Product, 2022-2032

Figure 29: North America Market Attractiveness by Application, 2022-2032

Figure 30: North America Market Attractiveness by Country, 2022-2032

Figure 31: Latin America Market Value (US$ Mn) by Product, 2022-2032

Figure 32: Latin America Market Value (US$ Mn) by Application, 2022-2032

Figure 33: Latin America Market Value (US$ Mn) by Country, 2022-2032

Figure 34: Latin America Market Value (US$ Mn) Analysis by Country, 2017-2032

Figure 35: Latin America Market Value Share (%) and BPS Analysis by Country, 2022-2032

Figure 36: Latin America Market Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 37: Latin America Market Value (US$ Mn) Analysis by Product, 2017-2032

Figure 38: Latin America Market Value Share (%) and BPS Analysis by Product, 2022-2032

Figure 39: Latin America Market Y-o-Y Growth (%) Projections by Product, 2022-2032

Figure 40: Latin America Market Value (US$ Mn) Analysis by Application, 2017-2032

Figure 41: Latin America Market Value Share (%) and BPS Analysis by Application, 2022-2032

Figure 42: Latin America Market Y-o-Y Growth (%) Projections by Application, 2022-2032

Figure 43: Latin America Market Attractiveness by Product, 2022-2032

Figure 44: Latin America Market Attractiveness by Application, 2022-2032

Figure 45: Latin America Market Attractiveness by Country, 2022-2032

Figure 46: Europe Market Value (US$ Mn) by Product, 2022-2032

Figure 47: Europe Market Value (US$ Mn) by Application, 2022-2032

Figure 48: Europe Market Value (US$ Mn) by Country, 2022-2032

Figure 49: Europe Market Value (US$ Mn) Analysis by Country, 2017-2032

Figure 50: Europe Market Value Share (%) and BPS Analysis by Country, 2022-2032

Figure 51: Europe Market Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 52: Europe Market Value (US$ Mn) Analysis by Product, 2017-2032

Figure 53: Europe Market Value Share (%) and BPS Analysis by Product, 2022-2032

Figure 54: Europe Market Y-o-Y Growth (%) Projections by Product, 2022-2032

Figure 55: Europe Market Value (US$ Mn) Analysis by Application, 2017-2032

Figure 56: Europe Market Value Share (%) and BPS Analysis by Application, 2022-2032

Figure 57: Europe Market Y-o-Y Growth (%) Projections by Application, 2022-2032

Figure 58: Europe Market Attractiveness by Product, 2022-2032

Figure 59: Europe Market Attractiveness by Application, 2022-2032

Figure 60: Europe Market Attractiveness by Country, 2022-2032

Figure 61: Asia Pacific Market Value (US$ Mn) by Product, 2022-2032

Figure 62: Asia Pacific Market Value (US$ Mn) by Application, 2022-2032

Figure 63: Asia Pacific Market Value (US$ Mn) by Country, 2022-2032

Figure 64: Asia Pacific Market Value (US$ Mn) Analysis by Country, 2017-2032

Figure 65: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2022-2032

Figure 66: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 67: Asia Pacific Market Value (US$ Mn) Analysis by Product, 2017-2032

Figure 68: Asia Pacific Market Value Share (%) and BPS Analysis by Product, 2022-2032

Figure 69: Asia Pacific Market Y-o-Y Growth (%) Projections by Product, 2022-2032

Figure 70: Asia Pacific Market Value (US$ Mn) Analysis by Application, 2017-2032

Figure 71: Asia Pacific Market Value Share (%) and BPS Analysis by Application, 2022-2032

Figure 72: Asia Pacific Market Y-o-Y Growth (%) Projections by Application, 2022-2032

Figure 73: Asia Pacific Market Attractiveness by Product, 2022-2032

Figure 74: Asia Pacific Market Attractiveness by Application, 2022-2032

Figure 75: Asia Pacific Market Attractiveness by Country, 2022-2032

Figure 76: MEA Market Value (US$ Mn) by Product, 2022-2032

Figure 77: MEA Market Value (US$ Mn) by Application, 2022-2032

Figure 78: MEA Market Value (US$ Mn) by Country, 2022-2032

Figure 79: MEA Market Value (US$ Mn) Analysis by Country, 2017-2032

Figure 80: MEA Market Value Share (%) and BPS Analysis by Country, 2022-2032

Figure 81: MEA Market Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 82: MEA Market Value (US$ Mn) Analysis by Product, 2017-2032

Figure 83: MEA Market Value Share (%) and BPS Analysis by Product, 2022-2032

Figure 84: MEA Market Y-o-Y Growth (%) Projections by Product, 2022-2032

Figure 85: MEA Market Value (US$ Mn) Analysis by Application, 2017-2032

Figure 86: MEA Market Value Share (%) and BPS Analysis by Application, 2022-2032

Figure 87: MEA Market Y-o-Y Growth (%) Projections by Application, 2022-2032

Figure 88: MEA Market Attractiveness by Product, 2022-2032

Figure 89: MEA Market Attractiveness by Application, 2022-2032

Figure 90: MEA Market Attractiveness by Country, 2022-2032

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