The rise of the Internet of Things (IoT) is definitely pushing our technology to a new level. Now, we can combine LED lighting with sensing and data analyzing capabilities. All these bring the LED industry opportunities to connect with future technologies.
After years of price wars and M&As, the LED Industry has led to maturity. Seeking new applications, many companies have tapped into smart lighting. It is not only applied to industries, government-led urban lighting, and commercial scenarios, but is also integrated with personalized and human-centric designs. Smart lighting has undoubtedly become the spotlight of LED lighting industry in 2018.
In Light + Building 2018, a major exhibition for lighting technology in Frankfurt, the theme is “connected-secure-convenient” and it features smartification of lighting. LEDinside will cover the firsthand information of the exhibition, and also publish features of “New business opportunities for LED—smart lighting”. We aim to provide an overview of smart lighting market, together with in-depth analysis of LED smart lighting technology development, applications and case studies, potential markets, and the development of competitive OLED lighting.
First, LEDinside will have a look at the overall smart lighting market. With the development of technology, maturing products, active promotion of manufacturers, and the popularization of smart lighting concepts, the global smart lighting market has entered a phase of rapid development. According to LEDinside, the global smart lighting market size was close to US$4.6 billion in 2017, an annual growth rate of 95%. The market is expected to continue the growth in the next few years, and reach US$13.4 billion by 2020.
In the development process of smart lighting, the advancement of communication technology is a key monument alongside that of manufacturing technologies of LED components. As the Internet of Things (IoT) and smart lighting gradually mature up to a certain point at this stage, various communication technologies, including DALI, ZigBee, Bluetooth, Wi-Fi, LoRa , NB-IoT, Sigfox, Z-wave, and EnOcean, have already existed in the market. What are the progresses of these different technology alliances? We share some insights in LEDinside: Development of Smart LED Lighting Market and Trends in Communication Technology in 2017-2020.
After going through the technology development, LEDinside will tell you which area of smart lighting grows at the fastest pace, and which market has the greatest potential. It’s all in our coverage – Smart Lighting Most Widely Adopted in Industrial Market Yet Grows at Fastest Pace in Residential Space.
It is undeniable that smart lighting plays an important role in improving life quality, work efficiency, and business management. With the improvement of living standards, the application of smart home lighting will be more popular, and that will be a new opportunity for the lighting industry. Also, Apple and Amazon have also enter the smart home market, which will undoubtedly speed up related developments. LEDinside also discusses how smart home has brought new opportunities to the smart lighting providers. Read Demand for Smart Home Accelerates the Development of Smart Lighting for more information.
Moreover, you have to know the big names in the lighting industry. With various strategies, these leading manufactures aim to make lighting smarter, to build energy-efficient living environment, and to develop smart lighting as the foundation of all connected networks in the future. How do these major manufactures carry out their plans? And who are their important partners? The answers are all in Big Names in the Wave of Connected Lighting and Smart Cities..
In addition to LED lighting, the competition between OLED and LED for the past few years is also a focus of the industry. Is there any chance for OLED in the lighting market? How’s the development of OLED lighting? What impacts will it have on the LED industry? LEDinside addresses all these questions in Opportunities and Challenges in OLED Lighting Market..
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