Search results for: 'light market'

This Frost & Sullivan study explores the lighting industry's dynamic landscape, with a focus on the adoption of digital technologies to revolutionize lighting systems for built environments. Frost & Sullivan estimates the market to grow at a compound annual growth rate (CAGR) of 18.4% between 2022 and 2028. The escalating global demand for energy-...

The lighting industry is evolving beyond traditional illumination solutions toward intelligent automation and real-time monitoring that adapts to occupancy patterns and environmental conditions. The growing emphasis on intelligence, connectivity, sustainability, and innovative service-based models presents ample growth opportunities for businesses,...

Rapid advancements in connectivity, wireless technologies, and value-added services, including innovative business models such as lighting-as-a-service (LaaS), will characterize the lighting industry in 2024. These trends, coupled with the growing focus on sustainability and smart buildings, are poised to create exciting opportunities for revenue g...

Global emergency lighting is expected to account for 3.3% growth in 2021 after a decline of 6.7% in 2020 due to the pandemic. The market will only reach pre-COVID-19 growth rate in 2022. Market revenue is forecasted to be valued at $6.9 billion by 2027 with a compound annual growth rate (CAGR) of 5.9% from 2020 to 2027. North America will contin...

This market insight explores the profound transformation of the lighting industry. The North American lighting market is expected to face a paradigm shift in terms of business models and technology adoption. This market insight discusses several market trends including key challenges and shifts, strategic partnerships, new business models. It also ...

Smart Lighting is enabled by technologies such as solid state lighting, control systems, sensing and communication. These technologies play an integral role in occupancy sensing, sharing the harvested data, controlling the power consumed and light output based on requirement. Advantages of smart lighting include better control, connectivity, and en...

The lighting industry is evolving beyond basic illumination, driven by intelligence, connectivity, sustainability, and service-based models. This Frost & Sullivan report identifies the top growth opportunities emerging from the changes in the lighting industry in 2025 for market players and stakeholders to leverage.Businesses and facility managers ...

Visible Light Communication (VLC) technology employs light emitting diode (LED) lights for communication. LEDs can flicker at high speed which corresponds to a digital ‘0’ and ‘1’. This phenomenon is leveraged in VLC to provide a communication medium using readily available LED light fixtures. VLC is providing attractive opportunities in various in...

Natural resource scarcity, the harmful environmental impacts of emissions, and discarded materials in landfills and water bodies are pressing global challenges. The lighting industry significantly contributes to eWaste and pollution, including greenhouse gases and used materials from parts. This challenge warrants adopting circular economy principl...