Inspire Your Space: Innovative Design for Modern Living
From 2025 to 2029, the lighting market will grow by $ 62.8 billion that can be attributed to new developments and product launches, with the AI design trends being designed
NEW YORKPresent January 30, 2025 / Prnewswire/ – Report about how AI redefines the market landscape – The global lighting market size is estimated USD 62.8 billion From 2025 to 2029 according to Technavio. The market is estimated in the forecast period on a CAGR of 7.4%. The growing number of developments and illuminated products increases market growth with a trend towards progress in the automotive lighting systems. However, sustainability problems in the lighting industry is a challenge. The most important market participants include Acuity Brands Inc., AMS OSRAM AG, Bridgelux Inc., Dialight PLC, Digital Lumens Inc., Eaton Corp PLC, Ennostar Inc., General Electric Co., Growray Lighting Technologies, Hovells India Ltd., Hubbell Inc., Ideal Industries Inc., Koninklijke Philips NV, LSI Industries Inc., Lumileds Holding BV, Panasonic Holdings Corp., Sharp Corp., Smart Holdings Inc., Syska Led Lights PVT. Ltd. and Toyoda Gosei Co. Ltd.
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Luminaire market scope
reporting
Details
Base year
2024
Historical period
2019 – 2023
Forecast period
2025-2029
Growth and CAGR
Accelerate 7.4% at a CAGR
Market growth 2025-2029
USD 62.8 billion
Market structure
Fragmented
Yoy growth 2022-2023 (%)
6.4
Regional analysis
APAC, Europe, North America, the Middle East and Africa as well as South America
Lead the market contribution
APAC at 45%
Keyland
US, China, Germany, Great Britain, Japan, India, France, South Korea, Canada and Italy
Profiling key companies
Acuity Brands Inc., AMS OSRAM AG, Bridgelux Inc., Dialight PLC, Digital Lumens Inc., Eaton Corp PLC, Ennostar Inc., General Electric Co., Growray Lighting Technologies, Havells India Ltd., Hubbell Inc. .. Ltd. and Toyoda Gosei Co. Ltd.
Market driver
The lighting market flourishes with trends in terms of interior design, photography and scientific progress. LED lights lead the cargo and replace traditional light bulbs, CFL, LFL, HID and Halogen lamps due to their energy efficiency and longer life expectancy. LEDs are not only for houses, but also for headlights, aviation, advertising and traffic signals. Solar and off-grid solutions for reducing energy consumption are carried out by the development and underdevelopment of nations. Effective manufacturers such as Signify introduce energy-efficient lights, lighting control systems and intelligent LED lamps. City cities and commercial buildings implement intelligent light solutions to reduce electricity costs and promote environmental compatibility. The Biden Harris administration supports smart cities initiatives to minimize the capital costs and the inefficiency of logistics. LEDs are also used in horticulture, medical devices and camera flashes. The future of lighting is intelligent, energy -efficient and inexpensive.
Adaptive lighting systems are obtained in popularity due to their improved safety and comfort features both in the commercial and in the automotive industry. These systems, which were developed especially for night journeys and conditions in poor lighting conditions, improve the visibility of curves and hills by adjusting the radiation direction based on the steering input. In contrast, standard headlights continue to illuminate the road straight ahead and do not let the street side illuminate. If you climb a hill, adaptive headlights also prevent the rays to point up to ensure optimal visibility on the street in front of us. This technology improves driving safety and offers a more comfortable driving experience.
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Market challenges
The lighting market includes various sectors, including interior design, photography and scientific research. Lighting solutions range from LEDs for houses and commercial buildings to applications from automotive and outdoor areas. Scientists are still innovative with LEDs for plants and energy -efficient solutions. The development and underdevelopment of nations face challenges with the access and affordability of electricity and affordability. Effective manufacturers produce lights and lighting control systems, with energy consumption and operating costs being addressed. Solar and LED technologies offer inexpensive, energy-efficient alternatives, especially in the non-network-independent solar sector. LEDs replace traditional light bulbs of light cribs, CFL, LFL, HID and halogen in general and automotive lighting. The energy costs remain a problem and show the introduction of intelligent LED lamps and the lighting outdoors. Real estate, semiconductor and aviation industries use advanced lighting technologies. Energy efficiency and environmental sustainability initiatives such as the focus of the bidges Harris administration on intelligent cities and further growth of the fuel. Effective lighting solutions improve urban cities, highways, trade centers, airports and various industries such as horticulture, medical devices and advertising. Smart Lighting solutions integrate into the automation systems, the HLK and the safety for energy savings and improved functions.
The lighting market faces a significant challenge to ensure sustainability, since the demand for environmentally friendly and energy-efficient solutions such as CFLS and LED lighting increases. However, the availability of rare elements, such as the LEDs used in phosphorus LEDs, is limited, which leads to potential price increases and disorders of the supply chain. The response to this problem is crucial for the continued growth of the lighting industry. Sustainable lighting solutions not only reduce the environmental impact, but also offer long -term cost savings. Companies have to work towards finding alternative sources or recycling methods for rare removal in order to alleviate these risks.
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Segment overview
This lighting market report covers the market segmentation by detailed
Application
type
geography
productDistribution channel
1.1 General lighting– – The general lighting market includes various products such as lamps, electronics, consumer lights, systems as well as professional lights and systems. This segment is the largest in the lighting industry, which is mainly used in residential, commercial and external applications. Remarkable companies such as Signify NV, Osram and Ideal Industries Inc. dominate this sector. The LED technology introduced in the 1970s has significantly influenced the market with its advantages such as low maintenance, long lifespan, energy efficiency and environmental friendliness. The falling LED prices further increase its popularity. The industrialized countries occupy networked lighting technology and enable control over smartphones, which can lead to new growth opportunities on the general lighting market.
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Research analysis
The lighting market includes various light applications in the interior, photography and scientific research. LED lights with its energy efficiency and its long service life have revolutionized the industry. Plants thrive under LEDs and make them popular in horticulture. The lighting plays a crucial role in electricity consumption and energy costs, which makes energy -efficient solutions essential. Scientists continue to explore metals and white light for advanced applications. LEDs dominate automobile headlights and aviation, while CFL light bulbs are switched off. Advertising, traffic signals, medical devices, camera flashes and illuminated wallpapers also use special lighting. The bidges Harris administration presses energy-efficient lighting through guidelines. The coloring index measures the ability of light to precisely uncover the colors. CEA systems, LED lighting, building automation, HLK, security and smart lighting solutions further expand the scope of the market.
Market research overview
The lighting market includes various applications, interior fittings and photography to scientific research and automotive industry. LEDs have revolutionized the sector with its energy efficiency and its long service life and replaced traditional light bulbs, CFL, LFL, HID and halogens. Plants and developing countries benefit from solar lighting in houses and solar sectors outside the grid. Light control systems and environmental measures reduce power consumption. KI and Smart Lighting Solutions optimize energy consumption in urban cities, commercial buildings, shopping centers, shops, restaurants, hospitals, schools, parking spaces and real estate. Semicitors and effective manufacturers offer cost -effective LED lights and lights that deal with energy problems and environmental deterioration. The administration of biden Harris supports energy efficiency and environmental sustainability initiatives, including intelligent lighting outdoors, traffic signals and lighting for bridges and buildings. The market includes various actors in the automotive, retail, aviation, advertising, medical device and traffic signal industry.
Technavio is a leading global technology research and consulting company. Their research and analysis focuses on emerging market trends and provides implementable knowledge that companies can use to identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, the Technavio reporting library consists of more than 17,000 reports and counts that cover 800 technologies that extend in 50 countries. Your customer base consists of companies of all sizes, including more than 100 Fortune -500 companies. This growing customer base is based on comprehensive reporting, comprehensive research and implementable market insights from Technavio to determine opportunities in existing and potential markets and to assess their competitive positions with changing market scenarios.
Contacts
Technavio research Jesse Maida Media and marketing manager USA: +1 844 364 1100 UK: +44 203 893 3200 E -mail: media@technavio.com Website: www.technavio.com/
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