The global smart lighting market is anticipated to grow significantly over the forecast period. Smart lighting has been a breakthrough in lighting industry that makes use of control system which intelligently control light, based on parameters such as temperature, movement, occupancy, amount of natural light etc. Lighting consumes a high energy cost thus Industries, government departments are focusing on reducing the energy utilization by substituting the traditional lighting systems with efficient and advance lighting control systems. Automated lighting control not only provides with economical and flexible lighting but also monitors the tasks carried out by the users. Therefore the demand for smart lighting system is growing exponentially. A new concept such as wireless networking is emerging and is being adopted vigorously. The application for smart lighting can be in the sectors like residential, government buildings, industrial and automobiles.
The market for smart lighting can be segmented on the basis of fluorescent lamps (FL), light emitting diode (LED), high intensity discharge lamps (HID) and compact fluorescent lamps (CFL). Further, the market can be segmented on basis of control components such as occupancy sensors, controllable breakers, and blind/shutter actuators, switch actuators, dimming actuators, relays, transmitter and receivers. At present, Europe dominates the smart lighting market mainly in commercial buildings, automobiles applications and outdoor lighting. Presence of key players plays an important role for implementation of smart lighting in this region. North America follows the Europe market. In the future, APAC will be the emerging market and the highest growth is expected to be in the resident building smart lighting application. The key drivers for smart lighting are favourable government policies, energy efficiency, development in electronics and sensor technology, evolution of wireless technologies, growth of LED, and high growth in street lighting system and eradication of the incandescent lamps. Restraints in this market are the incompatible wireless communication solutions, cost of technology, incentives by government, lack of awareness among people and organizations. The opportunities in this market can be the integration of smart lighting with systems such as traffic lights, parking- lot lights, pollution sensors and energy meters to form a smart city. Other opportunity can be LED products based on wireless technology, automobile industry, where companies such as Audi and Mercedes-Benz are incorporating smart lighting for their luxury cars.
The key players in the smart lighting market are Digital lumens (U.S.), Legrand S.A (France), Acuity brands INC (U.S), Streetlight Vision, Zumtobel (Austria), Lutron electronics (U.S), Encelium technologies (U.S), OsramGmbH(Germany), Royal Philips elect. N.V (The Netherlands), Honeywell (U.S) among others.
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The exponential spread of COVID-19 worldwide has had an adverse impact on the semiconductor industry with manufacturing facilities temporarily shut, leading to a significant slowdown in the production. The outbreak could result in disruption across the ecosystem with several supply chain participants shifting their production facilities outside China, thereby reducing their over-reliance on China. Lockdowns imposed by the governments in the wake of the Covid-19 outbreak has not only affected manufacturing but also hauled consumer demand for semiconductor devices. Our analysts predict a decline in semiconductor revenue by over 1% in 2020 as compared to that in 2019. The report will account for Covid19 as a key market contributor.