Connected Lighting Platform Market Analysis, Size, Share - 2031
Analyst Perspective
The connected lighting platform market has witnessed significant growth over the past few years. The market growth is expected to continue upward in the next few years of the forecast period. Various factors have aided the market growth, and one of them is the need for sustainability. Many people are adopting more eco-friendly approaches, and demand for connected lighting platforms is increasing. The efficiency level of the lighting platform makes it suitable for sustainability. The restraint on the market growth is the cost of implementing the platform.
Market Overview
Connected lighting platform is a development kit for sampling cost-effective industrial and commercial lighting solutions. The lighting platform comprises various components such as an LED module, LED driver board, Bluetooth, and AC/DC power board. The platform is interconnected to the internet in a way through wireless technology. The hardware segment is expected to hold a significant market share on the basis of component. Meanwhile, Europe holds a substantial share of the market owing to increasing smart lighting standard requirement. The connected lighting market is expected to expand at a CAGR of 17.1% during 2023-2031.
Market Driver
Increase In Infrastructure Standard
Modern infrastructure around the world requires lighting that will meet the standards of a particular structure. Several factors, including the need for enhanced illumination on streets and roadways, the construction of highways to connect cities, and the increasing investment by governments in public infrastructure is expected to drive the connected lighting platform market. The integration of IoT has made way for a smarter environment. Modernization and various regulations for industrial and commercial structures will impact the market positively. Connected lighting platforms play a crucial role in smart city initiatives. By integrating light and data, public lighting can serve as the backbone for a common services management infrastructure. This integration enables cities to become smarter, more efficient, and sustainable.
Market Scope
The "Global Connected Lighting Platform Market Analysis To 2031" is a specialized and in-depth study of the technology, media, and telecommunications industry with a special focus on global market trend analysis. The connected lighting platform market report aims to give an overview of the market with detailed market segmentation by component, application, and geography. The global connected lighting platform market is anticipated to witness high growth during the forecast period. The report provides key statistics on the market status of the leading connected lighting platform market player and offers key trends and opportunities in the market.
Market Segmentation
The global connected lighting platform market is segmented based on component, application, and geography. Based on the components, the connected lighting platform market is segmented into hardware, software, and services. The connected lighting platform market is segmented based on application: street lighting, stadium lighting, smart homes, and others.
REGIONAL FRAMEWORK
The report provides a detailed industry overview, including qualitative and quantitative information. It provides an overview and forecast of the global connected lighting platform market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America. Each region's connected lighting platform market is later segmented into countries and segments. The market report includes the analysis and forecast of 18 countries globally and the current trends and opportunities prevailing in the region.
The report analyzes factors affecting the connected lighting platform market from both the demand and supply side and further estimates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive PEST analysis highlighting factors affecting the connected lighting platform market in these regions.
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MARKET PLAYERS
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The report provides a detailed industry overview, including qualitative and quantitative information. It provides an overview and forecast of the global connected lighting platform market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America. Each region's connected lighting platform market is later segmented into countries and segments. The market report includes the analysis and forecast of 18 countries globally and the current trends and opportunities prevailing in the region.
The report analyzes factors affecting the connected lighting platform market from both the demand and supply side and further estimates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive PEST analysis highlighting factors affecting the connected lighting platform market in these regions.
MARKET PLAYERS
The reports cover key developments in the connected lighting platform market as organic and inorganic growth strategies. Various companies focus on organic growth strategies such as product launches, product approvals, and patents and events. Inorganic growth strategies activities seen were acquisitions, partnerships & collaborations. The activities have made the way for business expansions and a customer base of market players. The market players from the connected lighting platform market are anticipated to have lucrative growth opportunities in the future with the rising demand for filter products in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the connected lighting platform market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information for the last 3 years, and key developments in the past five years. Mentioned below is a list of a few companies engaged in the connected lighting platform market.
- Phillips Lightings
- Honeywell International Inc.
- Signify Holding
- Semiconductor Components Industries, LLC
- Lutron Electronics Co. Inc
- OSRAM GmbH
- LEDVANCE GmbH
- ON Semiconductor
- Leviton Manufacturing Co.
- Premier Farnell Limited
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Connected Lighting Platform Market - By Component
1.3.2 Connected Lighting Platform Market - By Application
1.3.3 Connected Lighting Platform Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CONNECTED LIGHTING PLATFORM MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. CONNECTED LIGHTING PLATFORM MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. CONNECTED LIGHTING PLATFORM MARKET - GLOBAL MARKET ANALYSIS
6.1. CONNECTED LIGHTING PLATFORM - GLOBAL MARKET OVERVIEW
6.2. CONNECTED LIGHTING PLATFORM - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. CONNECTED LIGHTING PLATFORM MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. HARDWARE
7.3.1. Overview
7.3.2. Hardware Market Forecast and Analysis
7.3.3. Lamps and Fixtures Market
7.3.3.1. Overview
7.3.3.2. Lamps and Fixtures Market Forecast and Analysis
7.3.4. Lighting Controls Market
7.3.4.1. Overview
7.3.4.2. Lighting Controls Market Forecast and Analysis
7.3.5. Others Market
7.3.5.1. Overview
7.3.5.2. Others Market Forecast and Analysis
7.4. SOFTWARE
7.4.1. Overview
7.4.2. Software Market Forecast and Analysis
7.5. SERVICES
7.5.1. Overview
7.5.2. Services Market Forecast and Analysis
8. CONNECTED LIGHTING PLATFORM MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. STREET LIGHTING
8.3.1. Overview
8.3.2. Street Lighting Market Forecast and Analysis
8.4. STADIUM LIGHTING
8.4.1. Overview
8.4.2. Stadium Lighting Market Forecast and Analysis
8.5. SMART HOMES
8.5.1. Overview
8.5.2. Smart Homes Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. CONNECTED LIGHTING PLATFORM MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Connected Lighting Platform Market Overview
9.1.2 North America Connected Lighting Platform Market Forecasts and Analysis
9.1.3 North America Connected Lighting Platform Market Forecasts and Analysis - By Component
9.1.4 North America Connected Lighting Platform Market Forecasts and Analysis - By Application
9.1.5 North America Connected Lighting Platform Market Forecasts and Analysis - By Countries
9.1.5.1 United States Connected Lighting Platform Market
9.1.5.1.1 United States Connected Lighting Platform Market by Component
9.1.5.1.2 United States Connected Lighting Platform Market by Application
9.1.5.2 Canada Connected Lighting Platform Market
9.1.5.2.1 Canada Connected Lighting Platform Market by Component
9.1.5.2.2 Canada Connected Lighting Platform Market by Application
9.1.5.3 Mexico Connected Lighting Platform Market
9.1.5.3.1 Mexico Connected Lighting Platform Market by Component
9.1.5.3.2 Mexico Connected Lighting Platform Market by Application
9.2. EUROPE
9.2.1 Europe Connected Lighting Platform Market Overview
9.2.2 Europe Connected Lighting Platform Market Forecasts and Analysis
9.2.3 Europe Connected Lighting Platform Market Forecasts and Analysis - By Component
9.2.4 Europe Connected Lighting Platform Market Forecasts and Analysis - By Application
9.2.5 Europe Connected Lighting Platform Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Connected Lighting Platform Market
9.2.5.1.1 Germany Connected Lighting Platform Market by Component
9.2.5.1.2 Germany Connected Lighting Platform Market by Application
9.2.5.2 France Connected Lighting Platform Market
9.2.5.2.1 France Connected Lighting Platform Market by Component
9.2.5.2.2 France Connected Lighting Platform Market by Application
9.2.5.3 Italy Connected Lighting Platform Market
9.2.5.3.1 Italy Connected Lighting Platform Market by Component
9.2.5.3.2 Italy Connected Lighting Platform Market by Application
9.2.5.4 United Kingdom Connected Lighting Platform Market
9.2.5.4.1 United Kingdom Connected Lighting Platform Market by Component
9.2.5.4.2 United Kingdom Connected Lighting Platform Market by Application
9.2.5.5 Russia Connected Lighting Platform Market
9.2.5.5.1 Russia Connected Lighting Platform Market by Component
9.2.5.5.2 Russia Connected Lighting Platform Market by Application
9.2.5.6 Rest of Europe Connected Lighting Platform Market
9.2.5.6.1 Rest of Europe Connected Lighting Platform Market by Component
9.2.5.6.2 Rest of Europe Connected Lighting Platform Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Connected Lighting Platform Market Overview
9.3.2 Asia-Pacific Connected Lighting Platform Market Forecasts and Analysis
9.3.3 Asia-Pacific Connected Lighting Platform Market Forecasts and Analysis - By Component
9.3.4 Asia-Pacific Connected Lighting Platform Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Connected Lighting Platform Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Connected Lighting Platform Market
9.3.5.1.1 Australia Connected Lighting Platform Market by Component
9.3.5.1.2 Australia Connected Lighting Platform Market by Application
9.3.5.2 China Connected Lighting Platform Market
9.3.5.2.1 China Connected Lighting Platform Market by Component
9.3.5.2.2 China Connected Lighting Platform Market by Application
9.3.5.3 India Connected Lighting Platform Market
9.3.5.3.1 India Connected Lighting Platform Market by Component
9.3.5.3.2 India Connected Lighting Platform Market by Application
9.3.5.4 Japan Connected Lighting Platform Market
9.3.5.4.1 Japan Connected Lighting Platform Market by Component
9.3.5.4.2 Japan Connected Lighting Platform Market by Application
9.3.5.5 South Korea Connected Lighting Platform Market
9.3.5.5.1 South Korea Connected Lighting Platform Market by Component
9.3.5.5.2 South Korea Connected Lighting Platform Market by Application
9.3.5.6 Rest of Asia-Pacific Connected Lighting Platform Market
9.3.5.6.1 Rest of Asia-Pacific Connected Lighting Platform Market by Component
9.3.5.6.2 Rest of Asia-Pacific Connected Lighting Platform Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Connected Lighting Platform Market Overview
9.4.2 Middle East and Africa Connected Lighting Platform Market Forecasts and Analysis
9.4.3 Middle East and Africa Connected Lighting Platform Market Forecasts and Analysis - By Component
9.4.4 Middle East and Africa Connected Lighting Platform Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Connected Lighting Platform Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Connected Lighting Platform Market
9.4.5.1.1 South Africa Connected Lighting Platform Market by Component
9.4.5.1.2 South Africa Connected Lighting Platform Market by Application
9.4.5.2 Saudi Arabia Connected Lighting Platform Market
9.4.5.2.1 Saudi Arabia Connected Lighting Platform Market by Component
9.4.5.2.2 Saudi Arabia Connected Lighting Platform Market by Application
9.4.5.3 U.A.E Connected Lighting Platform Market
9.4.5.3.1 U.A.E Connected Lighting Platform Market by Component
9.4.5.3.2 U.A.E Connected Lighting Platform Market by Application
9.4.5.4 Rest of Middle East and Africa Connected Lighting Platform Market
9.4.5.4.1 Rest of Middle East and Africa Connected Lighting Platform Market by Component
9.4.5.4.2 Rest of Middle East and Africa Connected Lighting Platform Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Connected Lighting Platform Market Overview
9.5.2 South and Central America Connected Lighting Platform Market Forecasts and Analysis
9.5.3 South and Central America Connected Lighting Platform Market Forecasts and Analysis - By Component
9.5.4 South and Central America Connected Lighting Platform Market Forecasts and Analysis - By Application
9.5.5 South and Central America Connected Lighting Platform Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Connected Lighting Platform Market
9.5.5.1.1 Brazil Connected Lighting Platform Market by Component
9.5.5.1.2 Brazil Connected Lighting Platform Market by Application
9.5.5.2 Argentina Connected Lighting Platform Market
9.5.5.2.1 Argentina Connected Lighting Platform Market by Component
9.5.5.2.2 Argentina Connected Lighting Platform Market by Application
9.5.5.3 Rest of South and Central America Connected Lighting Platform Market
9.5.5.3.1 Rest of South and Central America Connected Lighting Platform Market by Component
9.5.5.3.2 Rest of South and Central America Connected Lighting Platform Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. CONNECTED LIGHTING PLATFORM MARKET, KEY COMPANY PROFILES
11.1. SEMICONDUCTOR COMPONENTS INDUSTRIES, LLC
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. SIGNIFY HOLDING.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. QUALCOMM TECHNOLOGIES, INC.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. PREMIER FARNELL LIMITED.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. COMARCH SA.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. OSRAM GMBH
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. LEDVANCE GMBH.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. LEGRAND
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. CYTRONIC
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. COOPER LIGHTING LLC.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
1.Semiconductor Components Industries, LLC
2.Signify Holding.
3.Qualcomm Technologies, Inc.
4.Premier Farnell Limited.
5.Comarch SA.
6.OSRAM GmbH
7. LEDVANCE GmbH.
8.Legrand
9.Cytronic
10.Cooper Lighting LLC.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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