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Ambient Lighting Market Size

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

Ambient Lighting Market Size

Ambient Lighting Market was valued at over USD 70 billion in 2023 and is estimated to register a CAGR of over 9% between 2024 and 2032. The rising demand for smart lighting solutions is expected to drive growth in the industry. Smart lighting offers convenience, energy efficiency, and customization options, catering to the modern consumer's preferences. With the increasing adoption of IoT devices and home automation systems, there is a growing trend toward interconnected smart homes. Moreover, the desire for enhanced control and comfort positions smart lighting is a significant factor boosting market expansion.

 

For instance, in February 2022, Samsung Electronics Co., Ltd. unveiled a micro-LED at CES 2022. As Samsung's state-of-the-art display, micro-LED offers a best-in-class picture quality. It uses 25 million micrometer-sized light-emitting diodes that individually produce color and light, creating an immersive experience through vibrant colors, impressive depth, and a heightened level of contrast and clarity. The micro-LED comes in three different sizes: 89',101', and 110'. It delivers extreme performance with an immersive design made possible by its 99.99% screen-to-body ratio.
 

Expanding applications in residential and commercial sectors are expected to propel the ambient lighting industry expansion. This expansion broadens the market's reach beyond traditional segments, tapping into new opportunities for adoption. By catering to diverse needs in both residential and commercial settings, ambient lighting providers can capitalize on a larger customer base and address evolving demands. This trend reflects the market's adaptability and potential for sustained growth across various industries and applications.
 

Glare and discomfort from overly bright fixtures can hinder the adoption of ambient lighting solutions. Excessive brightness can cause discomfort, eye strain, and visual disturbances, detracting from the intended ambiance. Consumers may perceive harsh lighting as unpleasant or impractical, leading to dissatisfaction with the overall lighting experience. To mitigate this pitfall, manufacturers need to prioritize ergonomic design, glare reduction techniques, and user-friendly controls to ensure comfortable illumination levels in ambient lighting applications.

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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