Connected Lighting Platform Market is expected to grow at a CAGR of 14.38% Globally

Global Connected Lighting Platform Market is expected to grow owing to global trend toward urbanization has led to an increased emphasis on smart city initiatives throughout the forecast period

According to TechSci Research report, “Connected Lighting Platform Market - Global Industry Size, Share, Trends, Opportunity, and Forecast 2019-2029”, the Global Connected Lighting Platform Market is expected to register robust growth during the forecast period. One of the primary drivers of the connected lighting platform market is the global focus on energy efficiency and sustainability. Connected lighting systems offer advanced controls, such as motion sensors, daylight harvesting, and adaptive dimming, which optimize energy usage by adjusting lighting levels based on occupancy and natural light conditions. Governments, businesses, and consumers are increasingly adopting these solutions to reduce energy consumption, lower operational costs, and meet sustainability goals.

The ongoing global trend of urbanization is leading to the development of smart cities, and connected lighting platforms play a pivotal role in this transformation. The opportunity lies in providing comprehensive solutions that contribute to the creation of intelligent urban environments. Connected lighting can be integrated with other smart city components, such as traffic management, environmental monitoring, and public safety systems, to enhance overall city functionality and sustainability.

Based on component, the Hardware segment is expected to dominate the market during the forecast period. Security is a critical consideration in the wireless segment of connected lighting platforms. As these systems handle sensitive data and communication between devices, robust security measures are necessary to protect against unauthorized access, data breaches, and cyber threats. Authentication protocols, encryption algorithms, and secure key management are essential components of a secure wireless infrastructure. The trend involves continuous improvements in wireless security measures, including the adoption of advanced encryption standards, secure boot processes, and regular firmware updates to address vulnerabilities. As the number of connected devices increases, ensuring the integrity and confidentiality of communication becomes paramount.

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The advent of 5G technology is influencing the wireless segment of connected lighting platforms. 5G's high data transfer rates, low latency, and increased device density make it an attractive option for applications that demand real-time communication and support a large number of connected devices. While 5G is not universally adopted in all connected lighting deployments, it is becoming more relevant in scenarios such as smart cities, outdoor lighting, and large-scale industrial applications. The integration of 5G technology brings new opportunities for enhanced connectivity and performance, enabling applications such as real-time monitoring, responsive control, and support for emerging technologies like augmented reality (AR) and virtual reality (VR) in the context of smart lighting.

The wireless segment is a dynamic and evolving component of the global connected lighting platform market. The choice of wireless connectivity technologies, the adoption of mesh networking, emphasis on security, and the integration of 5G are key trends shaping the landscape. As the market progresses, advancements in wireless technologies will continue to play a pivotal role in defining the capabilities, scalability, and security of connected lighting platforms across various industries and applications.

Based on connectivity, the Wireless segment is projected to dominate the market throughout the forecast period. Sensors are integral components of connected lighting platforms, providing real-time data that informs lighting control decisions. Occupancy sensors, daylight sensors, temperature sensors, and motion detectors contribute to the contextual awareness of the lighting system. The hardware aspect involves the miniaturization, enhancement, and integration of these sensors into luminaires or as standalone devices.

Advancements in sensor technology, such as the development of multisensor solutions, enable more comprehensive data collection and contribute to the overall intelligence of connected lighting platforms. Integrating these sensors seamlessly into the hardware architecture is crucial for delivering accurate and reliable information for lighting control and optimization. Efficient power supply and energy management are critical considerations in the hardware segment of connected lighting platforms. LED lighting, commonly used in smart lighting solutions, is inherently energy-efficient, but optimizing the power supply infrastructure further contributes to overall energy savings. Power over Ethernet (PoE) solutions, for example, provide both power and data connectivity through a single cable, simplifying installation and reducing energy consumption.

Energy management features in the hardware segment involve the integration of power monitoring and control mechanisms. Smart power supplies and energy-efficient components contribute to sustainability goals and help organizations meet regulatory requirements related to energy consumption. The hardware segment of the global connected lighting platform market is characterized by continuous innovation, aiming to enhance the functionality, efficiency, and interoperability of the components that constitute smart lighting systems. As the market evolves, hardware advancements will play a pivotal role in shaping the capabilities and adoption of connected lighting platforms across diverse applications and industries. Interoperability standards, scalability, and a focus on sustainability are key factors that will influence the trajectory of the hardware segment in the coming years.

Key market players in the Global Connected Lighting Platform Market are:-

Eaton Corporation

Cree, Inc.

Signift N.V.

Honeywell International Inc.

Samsung Electronics Co., Ltd.

Legrand SA

Schneider Electric SE

Echelon Corporation

Lutron Electronics Co. Inc.

Leviton Manufacturing Co.

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“The Global Connected Lighting Platform Market in Europe is poised to be the dominant force in the industry. Europe is experiencing robust adoption and growth in the connected lighting platform market, driven by a strong emphasis on energy efficiency, sustainability, and smart city initiatives.

Governments and municipalities across European countries are actively investing in modernizing urban infrastructure, including lighting systems, to enhance energy efficiency and reduce environmental impact.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Connected Lighting Platform Market - Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Component (Hardware, Software and Services), By Connectivity (Wired and Wireless), By Application (Indoor and Outdoor), By Region, and By Competition 2019-2029” has evaluated the future growth potential of Global Connected Lighting Platform Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Connected Lighting Platform Market.

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