Smart lighting and control systems Market Size, Share, Trends, Growth and Forecast 2034

Industry Prospective:

The global smart lighting and control systems market size was worth around USD 11.97 Billion in 2024 and is predicted to grow to around USD 94.54 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 23.1% between 2025 and 2034. The report analyzes the global smart lighting and control systems market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the smart lighting and control systems industry.

The report analyzes the smart lighting and control systems market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the smart lighting and control systems market.

Request Free Sample

Smart lighting and control systems Market: Overview

Smart devices are innovative evolutionary products that are essential for energy conservation worldwide. Smart lighting technology is expected to expand in the forecast period owing to the global requirement of reducing greenhouse gas emissions to create an eco-friendly environment. Nowadays, there is a drift of upgrading the existing lighting infrastructure with an efficient and smart lighting system in various sectors including residential, commercial, industrial, and government. Smart lighting technologies offer energy efficiency and energy optimization whereas control systems track the luminance level of lighting depending on various parameters including the intensity of daylight, physical presence, and infrastructure.

Consistent modernization and technologically advanced infrastructure development being carried out globally are contributing majorly to the growth of the smart lighting and control systems market. The market is poised to grow exponentially in the near future owing to the rising concerns for escalating energy bills and need for energy efficient lighting solutions. Availability of advanced features such as remote switching and monitoring, scheduled on/off and dimming capability, and wireless connectivity that includes proximity sensors, daylight sensing technology, and smartphone-based control systems are expected to bolster the smart lighting and control systems market. Rising adoption of IoT (Internet of Things) integrated with mobile smartphones to control smart lighting systems is expected to boost the sales of the product. Automated and networked intelligent lighting solutions used diversely in airports and aircraft, multinational companies, sports stadiums, automobiles, and home appliances is projected to fuel the growth of the smart lighting and control systems market in the forecast period.

Rising concerns about the security of smart lighting systems operating on the internet of things and high initial installations and fixtures costs for these systems can hamper the growth of the smart lighting and control systems market. Government’s initiatives and plans to develop smart cities and buildings that will also focus on lowering the usual resource usage of electricity are projected to offer various opportunities in the smart lighting and control systems market.

Key Insights

• As per the analysis shared by our research analyst, the global smart lighting and control systems market is estimated to grow annually at a CAGR of around 23.1% over the forecast period (2025-2034).
• Regarding revenue, the global smart lighting and control systems market size was valued at around USD 11.97 Billion in 2024 and is projected to reach USD 94.54 Billion by 2034.
• The smart lighting and control systems market is projected to grow at a significant rate due to increasing demand for energy efficiency, government smart city initiatives, advancements in IoT and wireless tech, rising LED adoption, and consumer preference for automation.
• Based on Control systems, the Smartphone Enabled segment is expected to lead the global market.
• On the basis of Lighting Source, the Fluorescent Lamps and Compact Fluorescent Lamps segment is growing at a high rate and will continue to dominate the global market.
• Based on the End use application, the Residential segment is projected to swipe the largest market share.
• Based on region, North America is predicted to dominate the global market during the forecast period.

Smart lighting and control systems Market: Growth Drivers

Increasing Demand from Smart City projects

The world has seen multiple technological advancements and this trend has majorly influenced the way of life across the world. In this digital era, smart cities are of utmost important essence and this is expected to drive the adoption of smart lighting and control systems. These smart lighting and control systems enable smart cities to operate in an optimal manner and hence make them as they are named. Increasing energy consumption has led to an uproar in demand for energy management and this trend is projected to majorly benefit the smart lighting and control systems market potential through 2028.

Request Free Sample

Smart lighting and control systems Market: Restraints

High Costs of Deployment to Hinder Smart lighting and control systems Market Growth

Smart lighting and control systems solutions are equipped with sensors and other electronic components that drive up their costs and hence act as a restraining factor for the smart lighting and control systems market growth in the long term. Smart lighting and control systems has high initial as well as maintenance costs which further gives uncertainty to the adoption of these systems, especially in the low income economies that are incapable of spending such an amount on these systems.

Smart lighting and control systems Market: Report Scope    

Global Smart lighting and control systems Market: Segmentation

The global smart lighting and control systems market is segregated based on control systems, lighting source, end use application, and region.

By lighting source, the market is divided into Fluorescent Lamps and Compact Fluorescent Lamps, High Intensity Discharge Lamps (HID), and Light Emitting Diodes (LED) Lights and Lamps. The Light Emitting Diodes (LED) Lights and Lamps segment is anticipated to have a bright outlook over the forecast period owing to the rising demand for efficient lighting solutions. Government initiatives to boost the use of LED light fixtures are expected to advance the growth of this segment.

By End use application, the smart lighting and control systems market is segmented into residential, commercial, Outdoor Lighting Applications, and industrial. The industrial segment is projected to see good growth over the forecast period. However, the Outdoor Lighting Applications segment is anticipated to be driven by the increasing establishment of smart city projects on a global scale through 2028.

Recent Developments

• In March 2021 – the launch of an improved NX Distributed Intelligence Lighting Control Panel from the NXP2 Series was announced by Hubbell Control Solutions which is capable of centralizing and creating a user friendly lighting solution.  

Regional Landscape

Asia Pacific region will be the fastest growing smart lighting and control systems market in terms of revenue and volume share on a global scale. Increasing technological proliferation and government-supported smart city initiatives are anticipated to bolster the smart lighting and control systems market [potential in this region through 2028. Emerging economies such as India, China, and Japan are anticipated to be the most lucrative markets in the APAC region over the forecast period. Increasing investments in the deployment of these smart lighting and control systems are expected to boost market potential in the aforementioned countries.

Competitive Landscape

Some of the main competitors dominating the global smart lighting and control systems market include -

• General Electric Company
• Koninklijke Philips N.V.
• Belkin International, Inc.
• Eaton Corporation
• Lightwave PLC
• Elgato Systems
• LiFI Labs, Inc.
• Honeywell International, Inc.
• Lutron Electronics Company, Inc.
• Acuity Brands Lighting, Inc.

Global smart lighting and control systems market is segmented as follows:

By Control systems

• Smartphone Enabled
• Daylight Sensing Technology
• Proximity Sensing Technology
• Others

By Lighting Source

• Fluorescent Lamps and Compact Fluorescent Lamps
• High Intensity Discharge Lamps (HID)
• Light Emitting Diodes (LED) Lights and Lamps

By End use application

• Residential
• Commercial
• Industrial
• Outdoor Lighting Applications

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America