Albany, NY -- (SBWIRE) -- 01/11/2017 -- A smart lighting system comprises four components: lighting source (LED or traditional lighting technologies such as LFL and CFL), sensing element, wireless connection enabling ICs (ICs for connecting the bulb to Wi-Fi, ZigBee, or Bluetooth), and an application software.

The global smart lighting market to grow at a CAGR of 19.06% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global smart lighting market for 2016-2020. The market size is calculated on the basis of revenue generated from the sales of new and replacement lamps in the smart lighting segment only.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Technavio's report, Global Smart Lighting Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors

Acuity Brands
General Electric
Honeywell
OSRAM
Schneider Electric

Other prominent vendors

Advanced Lighting Technology
Bridgelux
Cree
Dialight
Eaton
Emerson Electric
Everlight Electronics
MLS Electronics
Toyoda Gosei

Market driver

Rising demand for LEDs
For a full, detailed list, view our report

Market challenge

Complexity and inconvenience in repair
For a full, detailed list, view our report

Market trend

Introduction of regulations and guidelines on smart lighting on a global scale
For a full, detailed list, view our report

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Key questions answered in this report

What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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