Asia Pacific smart lighting market is projected to reach a valuation of US$ 11,159.4 million by 2030 from an estimated revenue of US$ 4,332.0 million in 2022 at a CAGR of 12.6% during the forecast period 2023–2030. 

The demand for smart lighting is on the rise, as consumers are looking to upgrade their home lighting systems. Not only are these systems more efficient and user-friendly, but they can also provide convenience and security benefits. In addition, LED technology is becoming increasingly popular among consumers due to its longer lifespan and lower energy consumption. There are now a variety of smart lighting products available on the market, from traditional light bulbs to fixtures that can be controlled through smartphone apps.

Since the arrival of AI and Internet of Things (IoT) the world is transforming into a “Smart World” with smart technologies, smart buildings, and smart cities among others. Smart lighting allows controlling indoor and outdoor lights through smartphones, tablets or smart assistants like Alexa. Furthermore, several players in the Asia Pacific smart lighting market are considering connecting smart lighting technology to the Smart City Mission of various Asian countries such as India, China and Japan. 

This expanding market has attracted a number of major players, including Philips Lighting, GE Lighting Solutions, and LIFX. These companies are working hard to develop innovative smart lighting products that will appeal to consumers across different markets. In addition, some startups are capitalizing on this trend by developing new products specifically designed for the smart lighting market.

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Dynamics of the Asia Pacific Smart Lighting Market:

Driver

Increasing Deployment of Smart Lighting Solutions Under Smart City Projects

With the advancements in AI, IoT, and machine learning, the development of smart cities has become easy. Energy demand always remain high in urban areas due to large population base and strong presence of commercial establishments. It is predicted that 40% of the population would be living in cities by 2030. Therefore, energy efficient and cost-effective lighting system is a central challenge in these centers. Wherein, smart lighting in this regard helps in lighting homes, offices, and streets. Further, as these lighting systems are connected with IoT, therefore the data accumulated by could be used for various purposes. 

Governments of various countries in Asia Pacific are initiating steps for the establishment of smart cities. For instance, under the smart city goal of Hong Kong, smart lighting solutions are being deployed. The smart lampposts can enhance city management through the collection of real-time data like weather, environment, and traffic because of the sensors, data networks, and related digital facilities in such technologies. 

Increasing Adoption of Home Automation 

One of the key drivers of the smart lighting market is the increasing adoption of automation technologies in homes. These technologies allow homeowners to manage their entire lighting system from one place, eliminating the need for multiple devices and cables. This trend is likely to continue as more home appliances become connected, including air conditioners, thermostats, and even security cameras. In addition, there is growing interest in using artificial intelligence (AI) algorithms to improve the performance of smart lights.

Restraint

High Initial Cost and Frequent Loss of Connectivity

Traditional lights are way too cheaper than smart lighting, this is the major reason why customers think twice before investing in smart lighting. Another challenge associated with smart lighting is that it relies on wi-fi connectivity. Therefore, when there is a disruption in internet connection the smart lights could not be controlled. However, they can be controlled without internet manually and by the use of conventional switches. 

Trends

1. AI and machine learning are key technologies in the smart lighting industry, as they allow for more sophisticated light controls and automation. They can also help optimize energy consumption and save on costs.
2. The use of LED lights is becoming increasingly popular in the smartlighting industry as they provide superior performance and longevity than traditional incandescent or fluorescent lights. LEDs also have a low environmental impact, making them a preferred choice for sustainability-minded businesses.
3. Home appliances such as lamps and switches are being developed with embedded sensors to enable them to communicate with each other wirelessly. This enables users to control their lighting from anywhere in the house using smartphone apps or voice commands.
4. Smart home ecosystems are becoming increasingly popular, as they allow users to manage their entire home environment from one central location. This includes everything from controlling heating and cooling systems to monitoring security cameras and opening garage doors.

Segmental Analysis:

Solution 

Asia Pacific smart lighting market is segmented into hardware, software, and services. The hardware segment held the highest segmental share in 2022. Lighting systems are equipped with sensors, dimmers, fixtures, and others. Furthermore, these lighting systems are connected with digital gadgets such as phones and voice assistants, which further has led to growth of the segment in 2021. However, the services segment is estimated to have the highest growth rate during 2022-2030. The growing usage of smart lighting for data-driven purposes in important places is what is driving the demand for it.

Network Technology

Based on network technology, the market is classified as wired and wireless. In 2022, the wired connectivity segment held the highest segmental share of 59%, it is anticipated to dominate during the forecast period. The demand for wired connectivity in the smart lighting market is being driven by the growing usage of smart lighting in commercial and industrial settings. However, the growth rate of wired technology would diminish, and wireless technology would be higher as more lighting systems are being connected to digital gadgets. 

Light Source

In terms of light source, the APAC smart lighting market is segmented into LED lamps, fluorescent lamps (FI), compact fluorescent lamps, high intensity discharge lamps (HID), and others. The compact fluorescent lamps segment is estimated to offer a growth opportunity of US$ 42,951.1 million during 2022-2030. This is driven by the increasing need for energy-saving and low-carbon emission solutions. 

However, the LED lamp segment is expected to grow at the highest rate during 2022-2030. The increasing customer preference for energy-efficient lighting solutions is anticipated to boost market.

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Application

Based on application, the market is segmented into indoor and outdoor. The indoor segment held 59.3% of the share of the Asia Pacific smart lighting market in 2022. Wherein, we observed a strong demand for the products in commercial category. 

The rising adoption of smart lightings in commercial spaces due to efficiency, minimal maintenance, and security features in such lightings is leading to the growth of commercial segment. Furthermore, outdoor lighting segment is observed to have the highest growth rate during forecast period 2022-2030. 

Country

China is the largest contributor to the Asia Pacific Smart lighting market and is further projected to grow at the highest CAGR of 14.5% during the forecast period. This can be attributed to rising smart cities initiatives and rapid technological developments. In addition, the APAC smart lighting market is anticipated to grow quickly due to the rapid economic development in China, India, Japan, and the rest of APAC.

In Asia Pacific, the rapid adoption of smart lighting is evident. In Singapore, for example, the city-state is already home to more than 170,000 street lamps that are connected to the cloud, allowing government officials and citizens to control them remotely. This deployment has resulted in a 50% reduction in energy consumption.

Elsewhere in Asia Pacific, cities are also adopting smart lighting systems. In Tokyo, for example, the city has installed more than 100,000 LED streetlights that can be controlled using an app. In Bangkok, Thailand, nearly 1 million LED streetlights have been installed across the city. These systems not only reduce energy consumption; they also help improve traffic flow and create a safer environment at night.

Key Competitors

Some of the key players in the Asia Pacific smart lighting market are Syska, Koninklijke Philips N.V. (Signify), Crompton, Halonix, Havells, Bajaj, Orient, and GE Lighting among others. 

As per our analysis, the top 5 players in the market are holding over 60% share.  Among the leading players in the Asia Pacific smart lighting market are Philips, Halonix, Havells, and Bajaj. These companies offer a wide range of products such as LEDs, smart bulbs, and sensors. Some of these players have deployed their products in countries such as China, Japan, and Australia.

These companies are focusing on offering innovative smart lighting products that can cater to various needs of consumers such as improved energy efficiency and convenience. They are also striving to provide solutions that meet or exceed customer expectations.

List of Key Companies Profiled:

• Lightning Fixtures
  • Syska
  • Philips
  • Crompton
  • Halonix
  • Havells
  • Bajaj
  • Orient
  • Other Prominent Players
• Software and System Provider
  • Wipro
  • Street Light Vision (SLV)
  • Virtual Extension
  • Ayla Netwoks
  • PureLiFI
  • Dhyan (The device monitoring & Management)
  • Other Prominent Players
• Devices, Hardware Installer, System Installer
  • Honeywell International
  • Eaton Corporation
  • Schneider Electric SA
  • Other Prominent Players

Recent Developments:

• In June 2021, Koninklijke Philips N.V. (Signify) launche Philips Hue smart lighting solutions, which enables more control, customization, and flexibility for the home. Apart from this, the company is planning to launch its first fully customized track lighting and portable, rechargeable lamp intended for indoor and outdoor use.
• Wipro Lighting, smart lighting solutions provider, and Enlighted, developer of Internet of Things solutions, have entered into a partnership for creating better workplaces. Both the companies are combining their solutions and technologies to help their customers in constructing smart buildings.

Wipro's future-ready luminaires are coupled with Enlighted’s IoT sensors, which would enable in the development of smart space solutions. By combining sensors of Enlighted with Wipro’s LED lights customers can have a reduction in electricity cost, can have better occupant experiences, and also raises productivity. 

Segmentation Overview:

(Note*: We also provide granular level reports, made to sub-segment level or only for niche segments. Contact us, if you require more details.)

By Solution

• Hardware
  • Bulbs
  • Tubes
  • Strips
  • Custom Lights
  • Lighting Controls
    • Switches
    • Dimmers
    • Sensors
    • Gateways
    • Drivers & Ballasts
    •  Fixtures
• Software Tools/Apps
• Services
  • Consultation, Design & Integration
  • Lighting as a Service

By Network Technology

• Wired 
  • DALI
  • Powerline
  • Ethernet
  • Others
• Wireless
  • Wi-Fi
  • Zigbee
  • BLE
  • Z-wave
  • ENOCEAN
  • 6LoWPAN
  • Others

By Light Source

• Fluorescent Lamps (FL)
• LED Lamps
• Compact Fluorescent Lamps
• High Intensity Discharge Lamps (HID)
• Others

By Installation Type

• New Installation Types
• Retrofit Installation Types

By Application

• Indoor
  • Commercial
    • Retail
    • Hospitality
    • Offices
    • Hospital
    • Others
    • Residential
    • Industrial
    • Others
  • Residential
  • Industrial
  • Others
• Outdoor
  • Architectural Lighting
  • Street Lighting
  • Public Infrastructure

By Country

• China
• India
• Japan
• South Korea
• Australia & New Zealand
• ASEAN
  • Singapore
  • Malaysia
  • Indonesia
  • Thailand
  • Philippines
  • Vietnam
  • Rest of ASEAN
• Rest of Asia Pacific