Global Smart Lighting Market Surges Toward USD 90.89 Billion by 2035, Driven by Smart City Growth and IoT Integration
According to a new market study released by Market Research Future, the Global Smart Lighting Market is set to experience explosive growth, rising from USD 16.68 billion in 2024 to USD 90.89 billion by 2035, at an impressive CAGR of 18.5% during the forecast period. This surge is driven by rapid adoption of IoT-based smart home systems, expansion of smart city infrastructure, and stringent government mandates promoting energy-efficient LED lighting solutions.
Market Scope and Opportunity
Smart lighting, powered by AI and IoT, is becoming integral to modern infrastructure, enabling energy savings, adaptive brightness, and remote monitoring in homes, offices, and public spaces. A growing number of municipalities are implementing smart street lighting systems, aligning with global sustainability goals. By 2035, LED lights are expected to represent 86% of all lighting sales, significantly reducing carbon footprints and utility costs.
Recent integration between Samsung SmartThings and IKEA via the Matter protocol, and Wipro’s Smart IoT Experience Centre launch in Pune, reflect the accelerating pace of innovation and collaboration in this space.
Market Segmentation Highlights
By Installation Type
New Installations dominate the market with 68.19% share and a projected CAGR of 18.9%. Increasing demand in commercial and industrial construction is boosting this segment.
By Offering
Hardware leads with smart luminaires and controls, driven by growing use of LED fixtures that support dimming, motion detection, and color customization.
Software Services segments are expanding, especially in enterprise-level deployment and maintenance.
By End-Use Application
Indoor: Residential sector is growing due to the popularity of app-controlled lighting ambiance.
Outdoor: Rapid adoption in highways, stadiums, and public areas driven by the need for efficiency and public safety.
By Communication Technology
Wired systems dominate for reliability in critical infrastructure like hospitals and commercial buildings.
Wireless (Zigbee, BLE, Wi-Fi) is gaining traction in residential setups for ease of installation and flexibility.
Regional Analysis
North America leads the market with a 41.5% share due to early adoption, presence of major players like GE Lighting, Acuity Brands, and well-established smart city projects.
Asia-Pacific is the fastest-growing region, with a forecasted CAGR of 23.7%. Countries like China, India, and Japan are heavily investing in urban infrastructure and residential automation.
Europe focuses on standardizing lighting efficiency and sustainability, while MEA is seeing gradual growth aligned with smart city ambitions in UAE and Saudi Arabia.
Key Market Players
Leading players continue to shape the competitive landscape through product innovation, partnerships, and global expansion:
Control4 Corp. (Snap One LLC)
Signify Holding (Philips)
Lutron Electronics Co. Inc.
Wyze Labs Inc.
Sengled
Wipro Lighting
Acuity Brands Inc.
Inter IKEA Holding
Crestron Electronics Inc.
EGLO Leuchten GmbH
Eve Systems GmbH
LG Electronics Inc.
Wiz Connected Lighting Co. Ltd
Insteon
Snap One's Control4 platform leads the smart home automation category with over 15 million connected devices across 475,000 homes globally, operating in 100+ countries.
Industry Developments
Feb 2025: Samsung SmartThings integrates IKEA smart devices via Matter Bridge.
July 2025: Wipro unveils new IoT Experience Centre in Pune for showcasing commercial smart lighting applications.
Target Audience
This report serves:
Technology Investors
Smart City Planners
Lighting and IoT Hardware Providers
Real Estate Developers
Municipal Energy Managers
About Market Research Future
Market Research Future (MRFR) is a global market research company that delivers detailed analysis and strategic insights across emerging sectors. Our reports empower decision-makers with data-driven forecasts and competitive intelligence.
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