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Ambient Lighting Market Analysis

  • Report ID: GMI8922
  • Published Date: Apr 2024
  • Report Format: PDF

Ambient Lighting Market Analysis

Based on end use, the market is divided into residential, hospitality & retail, commercial, automotive, healthcare, and others. The residential segment is expected to reach over USD 65 billion by 2032.
 

  • The rising popularity of smart home technologies enables homeowners to remotely control their lighting systems using smartphones or voice commands. This convenience offers enhanced flexibility and customization options, allowing users to adjust lighting settings to match their preferences and schedules effortlessly, thereby transforming their living spaces into more comfortable and efficient environments.
     
  • Ambient lighting significantly improves the aesthetics of residential spaces, creating a cozy, welcoming atmosphere. Consumers are increasingly investing in lighting solutions to enhance the ambiance and overall design of their homes.
     
Ambient Lighting Market Size, By Type, 2022-2032, (USD Billion)

Based on type, the market is segmented into ambient indoor lighting and ambient outdoor lighting. The ambient indoor lighting segment is expected to register a CAGR of over 9.5% during the forecast period.
 

  • The proliferation of smart home technology has led to the adoption of ambient lighting systems that can be controlled remotely via smartphones or voice assistants. Smart ambient lighting offers convenience, customization, and energy efficiency, appealing to a wide range of consumers.
     
  • Ambient lighting is widely used in residential & commercial spaces and is also being adopted in the hospitality, healthcare, retail, and automotive sectors. The versatility and adaptability of ambient lighting technologies contribute to their continued growth across various applications and industries.
     
China Ambient Lighting Market Size, 2022-2032, (USD Billion)

Asia Pacific dominated the global ambient lighting market in 2023 with over 40% of the total revenue share. This growth is attributed to increasing urbanization, rising disposable income, and a growing awareness of energy-efficient lighting solutions. Rapid infrastructure development, particularly in emerging economies, such as China and India, is driving the demand for ambient lighting in the residential, commercial, and hospitality sectors. Additionally, advancements in technology and changing consumer preferences toward smart lighting systems contribute to market expansion across Asia Pacific.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Industry size for ambient lighting recorded over USD 70 billion in 2023 and is expected to register over 9% CAGR from 2024 to 2032, owing to the rising adoption of IoT devices, home automation systems and growing trend of interconnected smart homes.

Ambient indoor lighting market is estimated to expand at over 9.5% CAGR from 2024 to 2032, due to the proliferation of smart home technology and growing adoption of lighting systems, easily controlled via smartphones or voice assistants.

Asia Pacific ambient lighting industry accounted for over 40% revenue share in 2023 and is expected to expand at substantial CAGR from 2024 to 2032, led by the increasing urbanization, rising disposable income, and the growing awareness of energy-efficient lighting solutions.

Signify Holding, OSRAM GmbH, GE Lighting (SAVANT TECHNOLOGIES LLC), Koninklijke Philips NV, Samsung Electronics Co. Ltd, Eaton Corporation Inc., SCHOTT Group are some of the major ambient lighting companies worldwide.

Ambient Lighting Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 10
  • Tables & Figures: 303
  • Countries covered: 22
  • Pages: 200
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