How big is the Smart Lighting Market | Manufacturers and Suppliers List 2025

Code: MTA8703 Publication Date: Sep 2025

How big is the Smart Lighting Market?

According to 6Wresearch internal database and industry insights, Global Smart Lighting Market was estimated at USD 16.2 billion in 2024 and is projected to reach USD 43.7 billion by 2031, expanding at a CAGR of 16.6% during the forecast period 2025-2031.

There are numbers of factors contributing to this expansion which include growing adoption of IoT-enabled lighting systems, surging demand for energy-efficient solutions, and government initiatives promoting smart city development.

Key Growth Factors of the Smart Lighting Market

  • Growing deployment of smart city projects and intelligent infrastructure.
  • Surging demand for energy savings and sustainable lighting technologies.
  • Widespread adoption of IoT, wireless, and sensor-based lighting control systems.
  • Increasing commercial, industrial, and residential applications of connected lighting.
  • Favorable government policies and incentives supporting LED and smart lighting adoption.

Smart Lighting Market Trends

Several trends are shaping the Smart Lighting Market such as integration of AI and IoT in lighting systems for automated control and energy optimization. Also, adoption of Li-Fi and human-centric lighting is emerging as a transformative trend. Apart from this, the development of smart lighting ecosystems through partnerships between technology providers, construction firms, and utility companies is expanding market adoption.

Emerging Developments in the Smart Lighting Market

Smart Lighting Market is expected to witness massive in the coming years with the emergence of several transformative developments such as with rising integration of cloud-based platforms enabling real-time monitoring and analytics. On the other hand, large-scale adoption of connected street lighting in smart city projects across Asia, Europe, and North America is increasing. Moreover, demand for adaptive lighting in healthcare, retail, and automotive sectors is continuing to strengthen global adoption.

List of Leading Companies in the Smart Lighting Market

Below is a comprehensive list of the leading market players driving growth in this sector:

1. Signify (Philips Lighting)

Company NameSignify (Philips Lighting)
Established Year1891
HeadquartersEindhoven, Netherlands
Official WebsiteClick Here

This company leads in smart lighting systems, connected LED solutions, and IoT-based lighting services globally.

2. Acuity Brands Inc.

Company NameAcuity Brands Inc.
Established Year2001
HeadquartersAtlanta, Georgia, United States
Official WebsiteClick Here

This company provides smart and energy-efficient lighting solutions for commercial, residential, and industrial applications.

3. Osram Licht AG

Company NameOsram Licht AG
Established Year1919
HeadquartersMunich, Germany
Official WebsiteClick Here

This company specializes in smart lighting, automotive LED systems, and digital lighting technologies worldwide.

4. Cree Lighting

Company NameCree Lighting
Established Year1987
HeadquartersDurham, North Carolina, United States
Official WebsiteClick Here

This company develops smart LED lighting, intelligent controls, and connected solutions for indoor and outdoor use.

5. Eaton Corporation (Cooper Lighting Solutions)

Company NameEaton Corporation (Cooper Lighting Solutions)
Established Year1911
HeadquartersDublin, Ireland
Official WebsiteClick Here

This company offers smart lighting products and IoT-enabled controls with a focus on energy efficiency and safety.

6. Hubbell Lighting Inc.

Company NameHubbell Lighting Inc.
Established Year1963
HeadquartersGreenville, South Carolina, United States
Official WebsiteClick Here

This company manufactures smart indoor and outdoor lighting systems with strong integration in smart buildings and industrial sectors.

7. General Electric (GE Lighting, a Savant Company)

Company NameGeneral Electric (GE Lighting, a Savant Company)
Established Year1892
HeadquartersBoston, Massachusetts, United States
Official WebsiteClick Here

This company provides connected home lighting and intelligent LED solutions integrated with voice and app-based controls.

8. Zumtobel Group

Company NameZumtobel Group
Established Year1950
HeadquartersDornbirn, Austria
Official WebsiteClick Here

This company delivers smart lighting and control systems with a focus on architecture, industrial, and commercial environments.

How big is the Smart Lighting Market : FAQs

Smart Lighting market was estimated at USD 16.2 billion in 2024 and is projected to reach USD 43.7 billion by 2031.
Smart Lighting industry is expected to gain traction, growing at a CAGR of 16.6% between 2025-2031.
Growth factors include IoT integration, smart city development, energy efficiency demand, and connected lighting adoption.
Major companies include Signify, Acuity Brands, Osram, Cree Lighting, Eaton, Hubbell, GE Lighting, and Zumtobel Group.
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
6Wresearch Support

Any Query

Call: +91-11-4302-4305
Email us: sales@6wresearch.com
Any Query? Click Here

Industry Events and Analyst Meet

Our Clients

Airtel
Canon
Contec
HoneyWell
Kriloskar
Pwc Logo
Samsung
Tata Teleservices

Whitepaper

Read All