Connected Lighting Platform Market Size

Connected Lighting Platform Market size is expected to cross USD 120 Billion by the end of 2036, growing at a CAGR of 17% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of connected lighting platform was over USD 15 Billion. The growth of the market is due to the adoption of energy-efficient lightening solutions that are safe for the environment. Smart lighting solutions have been rapidly adopted to meet an urgent need for energy efficiency and environmental sustainability. These systems enable precise control of lighting levels with regard to room occupancy and natural daylight availability, which leads to substantial energy savings. By 2020, the European Union (EU) promised to reduce energy usage by 20% from baseline predictions.

In addition, the lighting system is interconnected to the Internet in a wide way through wireless technology that allows remote control and monitoring. Bluetooth technology, making it easy for mobile devices to control and configure lights, is a common feature of indoor lighting systems. In order to grow in the market, intelligent home products such as lighting systems are being used on a regular basis by Zigbee technology. Also, the use of voice to control lights through an integration with a platform like Google Assistant, Amazon Alexa, Apple Siri or Microsoft Cortana.