LED smart lighting application field
Compared with outdoor lighting applications, indoor lighting applications dominate the market and become the highest-income contributor. Indoor applications are further subdivided into residential, commercial and industrial. Due to the increasing popularity of smart bulbs and lamps that can be controlled by users to set different lighting atmospheres, the residential market segment is expected to achieve high growth rates during theforecast period.
In addition, the demand for commercial and industrial spaces is driven by the need to control lighting consumption, because office spaces or warehouses are operated 24x7 and require regular power supply throughout the day and night. Installing smart lighting with built-in sensors ensures that the lights are only used in the required areas based on the movement of people captured by the sensors. In addition, the lighting settings can be automatically dimmed according to the external lighting in the venue.
The outdoor segment is expected to achieve the highest compound annual growth rate during the forecast period. The outdoor market segment is further subdivided into highways, roads, and buildings. Outdoor architectural applications include lighting for terraces, gardens, exterior walls and outdoor venues in residential or commercial spaces. The need to provide energy-saving lamps and monitor outdoor activities has driven the rapidly growing demand for smart lighting in outdoor applications. This phenomenon is specifically used for smart street lights. The government has invested in the installation of LED-based smart lighting connected to cameras and sensors to capture and share outdoor activity data.
Europe is a leader in drafting safety and uniform performance standards for certain indoor commercial intelligent lighting for garages, roads and parking lots. With the continuous advancement of LED design and technology, dedicated LED lamps and LED replacement smart lamps are becoming a key growth area in the lighting industry. While existing smart lighting manufacturers continue to update their product offerings, existing manufacturers are expanding their product portfolios to enter the market. The emergence of a large number of dedicated smart lighting suppliers is especially suitable for applications such as downlights, task lighting, landscape lighting, general environmental lighting and outdoor general area lighting.
Due to the surge in demand in commercial and residential applications, the Asia-Pacific region is expected to become a prominent region. China is expected to become the largest source of income controlling the highest global market share. Due to economic growth and increasing investment in smart city projects, countries including Japan, India, and South Korea are expected to be at the forefront of smart lighting adoption. The demand for smart lighting in the Asia-Pacific region is largely affected by changes in lighting scenarios in the commercial sector. The growing number of office, retail and entertainment commercial buildings is creating opportunities for new demands for smart lighting. However, the COVID-19 pandemic is expected to curb the expected growth in demand for smart lighting.