Zion Market Research Global Smart Lighting Market, 2016–2024 | Page 3

Smart Lighting Market
accordingly are also escalating the growth of the global market. Further, noteworthy cost and
energy savings is also driving the global smart lighting market growth. Adding more to the list,
low consumption of power is powering the growth of the global market. Additionally, rising
demand from the industry is one of the main factors driving the growth of the global smart
lighting market. Further, steady diminution in the cost of LED components is also driving the
global smart lighting market growth.
Global Smart Lighting Market: Segmentation
On the basis product, the global smart lighting market is mainly classified as fixtures, smart
bulbs, lighting control, and others. Based on light sources, the global market is bifurcated into
LED light source, fluorescent light source, another light source, HID light source, and others. On
the basis technology, the global market for smart lighting is divided into wired and wireless
communication technologies. Based on software and services, the global market is bifurcated
into lighting as a service and smartphone applications. On the basis applications, the global
market for smart lighting is divided into indoor lighting and outdoor lighting. Based on a target
audience, the global market is bifurcated into commercial end-users, residential end-users,
government bodies, industrial end-users, and others.
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