The world’s second largest market research and consulting firm Markets and Markets recently released market research report pointed out that in 2020, a total of intelligent lighting market is expected to reach $ 8.14 billion, a CAGR between 2015 and 2020 was 22.07%.
The report is divided into: worldwide forecast to 2020 by connecting technology (wired & wireless) connection in the intelligent lighting market, end users, according to the type of lighting (fluorescent lamps, LED lamps and other) classification, by component (control and communications, lighting and means) classification and geographical classification.
Intelligent lighting market presents a high annual compound growth rate of the huge growth potential of intelligent lighting will redefine the lighting industry in the coming years, to provide energy, while increasing ease of use and accessibility. In the next five years, for intelligent lighting, intelligent lighting control demand is growing at an alarming rate in transition from traditional lighting, will further promote the development of intelligent lighting systems. Some of the major factors driving the global development of intelligent lighting energy-efficient lighting technologies including price decline, the evolution of the government’s initiative for efficient lighting and new wireless technologies.
LED lamps have the highest growth potential in the near future, this is obvious. Such as the development of intelligent LED solutions, which include: GreenWave achieved GreenChip-enabled bulbs, NXP GreenChip ISSL wireless LED lamp solutions, GreenChip iCFL for CFL, and Philips Hue intelligent LED bulbs – All of these examples show by LED Light to develop lighting solutions can be more intelligent, unique controllability and compact size makes it an intelligent lighting applications attractive option. Lighting controllers and sensors are the most widely used intelligent control module, expected to demand will grow exponentially.