Smart LED Bulb Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Smart LED bulb is a new technology use intelligent lighting control systems to manage light based on different parameters, like color, movement, temperature, occupancy, and amount of natural light. Due to its growing cost competitiveness, the Smart LED Bulb technology has started to compete in a variety of lighting applications effectively. Also, Smart LED bulbs can now be functioned through smartphone app features or specially designed remote controls. Furthermore, the growing significance of smart homes is further projected to boost the demand for these Smart LED bulbs market.

MARKET DYNAMICS

Increasing the growth of smart lighting solutions for home, hospitality, and the office is the prime factor driving the growth of the Smart LED bulb market. Moreover, with the rise in the number of smartphone and tablet users, the requirement for smart LED bulbs controlled by Smart connectivity is increasing. However, the supportive government initiatives and decreasing prices of LED bulbs are the major factors anticipated to propel the growth of the Smart LED bulb market.

MARKET SCOPE


The "Global Smart LED Bulb Market Analysis to 2031" is a specialized and in-depth study of the smart LED bulb market with a special focus on the global market trend analysis. The report aims to provide an overview of smart LED bulb market with detailed market segmentation by compatibility type, technology, application. The global smart LED bulb market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading smart LED bulb market players and offers key trends and opportunities in the smart LED bulb market.

MARKET SEGMENTATION

The global smart LED bulb market is segmented on the basis of compatibility type, technology, application. On the basis of compatibility type, the market is segmented as smartphones, tablets, laptops, others (smartwatch). On the basis of technology, the market is segmented as Wi-Fi, Bluetooth. On the basis of application, the market is segmented as residential, commercial, others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global smart LED bulb market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The smart LED bulb market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting smart LED bulb market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the Smart LED bulb market in these regions.

Smart LED Bulb Market Report Analysis

Smart LED Bulb Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• ACUITY BRANDS LIGHTING, INC.
• Eaton
• Evluma
• GENERAL ELECTRIC COMPANY
• ilumi solutions inc.
• LEDVANCE GmbH
• LIFX
• OSRAM GmbH
• Svarochi

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Compatibility Type

• Smartphones
• Tablets
• Laptops

By Technology

• Wi-Fi
• Bluetooth

By Application

• Residential
• Commercial

MARKET PLAYERS

The reports cover key developments in the smart LED bulb market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from smart LED bulb market are anticipated to lucrative growth opportunities in the future with the rising demand for smart LED bulb market. Below mentioned is the list of few companies engaged in the smart LED bulb market.

The report also includes the profiles of key smart LED bulb market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

- ACUITY BRANDS LIGHTING, INC.
- Eaton
- Evluma
- GENERAL ELECTRIC COMPANY
- ilumi solutions inc.
- LEDVANCE GmbH
- LIFX
- OSRAM GmbH
- Svarochi
- Syska

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Smart LED Bulb Market Report Scope