The Latest Ai In The Lighting Industry Statistics Explained
By 2025, the AI in the lights market is set to reach around $37.5 billion, growing at a CAGR of 25%.
This statistic indicates that the artificial intelligence (AI) incorporated in lighting systems is projected to achieve a market value of approximately $37.5 billion by the year 2025, with a Compound Annual Growth Rate (CAGR) of 25%. This suggests a rapid expansion in the adoption of AI technology within the lighting industry, driven by factors such as increased focus on energy efficiency, smart home applications, and advancements in IoT (Internet of Things) connectivity. The substantial growth forecast highlights the potential for AI-driven lighting solutions to revolutionize various sectors, including commercial, residential, and industrial settings, by offering enhanced automation, energy savings, and customized lighting experiences.
Asia Pacific led the smart lighting market with a share of 32.6% in 2019.
This statistic indicates that the Asia Pacific region held the largest market share in the smart lighting industry in 2019, accounting for 32.6% of the total market. This suggests that the Asia Pacific region is a significant player in the smart lighting sector, likely due to factors such as rapid urbanization, increasing adoption of smart technologies, and government initiatives promoting energy efficiency. Companies operating in the smart lighting market may find this information valuable for strategic planning and expansion efforts, as the Asia Pacific region offers substantial opportunities for growth and market penetration in the smart lighting industry.
Non-residential application accounted for a share of 79.4% in the IoT in Intelligent Lighting Market.
The statistic ‘Non-residential applications accounted for a share of 79.4% in the IoT in Intelligent Lighting Market’ indicates that a significant majority, specifically 79.4%, of the use of Internet of Things (IoT) technology in intelligent lighting systems is in non-residential settings such as commercial buildings, industrial facilities, and public infrastructure. This suggests a strong adoption of IoT technology for lighting control, automation, and energy efficiency in commercial and non-residential spaces compared to residential settings. The data highlights the growing trend of integrating IoT solutions into lighting systems to enhance functionality, optimize energy consumption, and improve overall operational efficiency within non-residential environments.
It is projected that by 2030, 75% of the lighting market will be in LED lighting, including smart lighting applications.
The statistic predicts that by the year 2030, LED lighting, including smart lighting applications, will account for a substantial 75% share of the overall lighting market. This projection suggests a major shift towards LED technology as the preferred choice for lighting solutions, highlighting the increasing adoption of energy-efficient and advanced lighting options. The trend towards LED lighting can be attributed to factors such as cost-effectiveness, energy efficiency, environmental sustainability, and technological advancements in smart lighting systems. This statistic emphasizes the significance of LED lighting in shaping the future of the lighting industry and underscores the ongoing transformation towards more innovative and sustainable lighting solutions.
Some projections indicate that the percentage of American homes utilizing smart lighting will reach 56% by 2021.
This statistic suggests that a significant portion of American households will adopt smart lighting technology by the year 2021, with projections indicating that 56% of homes will utilize this technology. Smart lighting refers to automated lighting systems that can be controlled remotely through devices such as smartphones and provide various benefits such as energy efficiency, convenience, and customization. The predicted increase in the adoption of smart lighting highlights a growing trend towards incorporating smart home technologies in everyday living spaces, potentially leading to enhanced comfort and efficiency for households across the country.
Global smart lighting market is expected to reach $23.9 billion by 2026.
The statistic that the global smart lighting market is expected to reach $23.9 billion by 2026 indicates the anticipated total value of smart lighting products and services that will be sold worldwide in that year. This forecast suggests a significant growth in the smart lighting industry, driven by factors such as increasing adoption of smart home technologies, energy efficiency concerns, and advancements in Internet of Things (IoT) applications. The projected market value represents the potential opportunity for businesses operating in the smart lighting sector to capitalize on this growing market demand, innovate their product offerings, and expand their market share globally.
The lamp module type in AI in lighting market is anticipating a CAGR of 20% from 2020 to 2026.
This statistic indicates the projected growth rate for the lamp module type within the artificial intelligence (AI) segment of the lighting market. A Compound Annual Growth Rate (CAGR) of 20% signifies the expected average annual growth rate of the lamp module type sector in the AI lighting market from 2020 to 2026. This forecast suggests a strong and rapid expansion in demand for AI-integrated lamp modules over the specified timeframe. Such growth could be driven by increasing adoption of AI technologies in lighting systems, technological advancements leading to improved efficiency and functionality of lamp modules, and the broader trend towards smart and connected lighting solutions.
As of 2021, the global smart lighting market is valued at $15.8 billion.
The statistic that as of 2021, the global smart lighting market is valued at $15.8 billion represents the estimated total value of smart lighting products and services sold worldwide in that year. This figure indicates the significant size and growth of the smart lighting industry, which encompasses a wide range of products such as smart bulbs, fixtures, controls, and systems that utilize technology like sensors, connectivity, and automation to enhance energy efficiency, convenience, and customization in lighting solutions. The market value of $15.8 billion suggests a strong market demand for smart lighting solutions driven by factors such as increasing adoption of energy-efficient technologies, advancements in connectivity and Internet of Things (IoT) applications, and a growing focus on sustainable and smart city initiatives globally.
The applications of AI in lighting are expected to result in a reduction of global electricity consumption by up to 15% by 2030.
The statistic suggests that the integration of artificial intelligence (AI) technology in lighting systems has the potential to significantly decrease the global consumption of electricity by as much as 15% by the year 2030. This reduction in electricity usage can be achieved through optimizing lighting operations, such as automatically adjusting the intensity and timing of lighting based on factors like occupancy, natural light, and user preferences. By harnessing the power of AI to enhance energy efficiency and automate smart lighting solutions, industries, communities, and households can contribute to sustainability efforts, mitigate environmental impacts, and achieve cost savings associated with lower electricity consumption.
Wearable AI market is projected to reach $180 billion by 2025, indirectly affecting the AI in lighting market as they will control these smart lights using voice-activated AI.
The statistic mentioned indicates that the Wearable AI market is expected to grow significantly and reach a market value of $180 billion by the year 2025. This growth in the Wearable AI industry is expected to have an indirect impact on the AI in lighting market, as these wearables will likely control smart lights using voice-activated artificial intelligence technology. This projection suggests a potential integration of wearable devices with smart home technologies, allowing users to control lighting systems seamlessly through voice commands and AI technology. As a result, the increasing adoption of Wearable AI is anticipated to drive advancements and innovations in the AI in lighting market, further catalyzing the development and adoption of smart lighting solutions.
Residential segment of connected (AI) light market is projected to grow at a rate of 20% during 2020 to 2026.
The statistic that the residential segment of the connected (AI) light market is projected to grow at a rate of 20% during the period of 2020 to 2026 indicates a strong anticipated increase in the adoption and usage of AI-powered lighting systems in residential settings. This growth rate suggests a significant positive trend in the market, with more homeowners opting for smart lighting solutions that offer enhanced convenience, energy efficiency, and customization options. The projection of a 20% growth rate signifies a promising outlook for manufacturers, retailers, and service providers in this segment, highlighting the increasing demand and potential for expansion in the residential AI lighting market over the next six years.
North America holds the majority share in the smart lighting market due to the presence of major market players and early adoption of new technology.
The statistic “North America holds the majority share in the smart lighting market due to the presence of major market players and early adoption of new technology” suggests that the smart lighting industry in North America is currently dominated by the region due to a combination of factors. First, North America is home to key players in the smart lighting market who have established a strong presence and influence within the industry. Additionally, the region has shown a proclivity for embracing new technologies at an early stage, leading to rapid adoption of smart lighting solutions. This has contributed to North America securing a significant share of the global smart lighting market as compared to other regions.
Outdoor segment will register more than 10% gains through 2026 in AI in lighting market.
The statistic suggests that the outdoor segment of the artificial intelligence (AI) in lighting market is expected to experience growth exceeding 10% over the period encompassing 2026. This indicates that the application of AI technology in outdoor lighting solutions is anticipated to see significant progress and adoption, likely driven by factors such as increasing demand for energy-efficient and smart lighting systems in outdoor environments. The projected growth rate of more than 10% signals a strong potential for expansion and market opportunity within this specific segment, highlighting a promising outlook for AI integration in outdoor lighting applications in the coming years.
The market for AI in the entertainment industry which includes lighting is expected to grow at a CAGR of 28.2% from 2019 to 2024.
The market for artificial intelligence (AI) in the entertainment industry, specifically encompassing lighting technologies, is projected to experience significant growth at a Compound Annual Growth Rate (CAGR) of 28.2% from 2019 to 2024. This statistic indicates that over the specified five-year period, the market size for AI applications in entertainment lighting is anticipated to expand rapidly and steadily at an annualized rate of 28.2%. This growth rate suggests a robust demand for AI-powered lighting solutions in the entertainment sector, driven by factors such as technological advancements, increasing adoption of smart lighting systems, and evolving consumer preferences for innovative and interactive experiences. Such substantial growth estimates signal promising opportunities for businesses operating in this niche market to capitalize on the growing demand for AI-driven lighting solutions within the entertainment industry.
By 2022, the global Li-Fi market is projected to be over 2 billion U.S. dollars, presenting more opportunities for AI in the lighting industry.
The statistic suggests that by the year 2022, the global Li-Fi market is expected to surpass 2 billion U.S. dollars. This indicates a significant growth potential for Li-Fi technology which uses light to transmit data, offering advantages over traditional Wi-Fi in terms of speed and security. The projected market value points towards increasing adoption and investment in Li-Fi technology, creating numerous business opportunities within the lighting industry. Furthermore, with the growth of Li-Fi, there are implications for the integration of artificial intelligence (AI) in lighting systems to enhance functionality and efficiency. Overall, the statistic highlights the expanding market for Li-Fi and the potential for leveraging AI in the lighting sector.
The commercial segment holds the largest share of the smart lighting market, accounting for 38.5% in 2018.
The statistic indicates that within the smart lighting market, the commercial segment had the highest proportion of market share in 2018, at 38.5%. This suggests that commercial establishments such as offices, retail stores, and industrial buildings were the primary adopters of smart lighting technology during that period. The significant market share held by the commercial segment reflects the increased awareness and adoption of energy-efficient and customizable lighting solutions in commercial settings. This statistic highlights the potential opportunities for growth and innovation in the smart lighting industry, particularly within the commercial sector.
The healthcare segment of the smart light market will see the fastest growth at 22.2% CAGR from 2020 to 2026.
This statistic means that the healthcare segment within the smart light market is expected to experience significant growth over the period of 2020 to 2026, with a Compound Annual Growth Rate (CAGR) of 22.2%. This indicates that the demand for smart lighting solutions within the healthcare industry is projected to increase at a rapid pace during these years. This growth rate suggests that the adoption of smart lighting technologies in healthcare settings is gaining momentum, likely driven by factors such as the focus on energy efficiency, improved patient experience, and advancements in Internet of Things (IoT) applications for smart healthcare environments. This trend indicates a strong market opportunity for companies operating in the smart light sector targeting the healthcare industry.
Conclusion
Despite the challenges and concerns surrounding AI integration in the lighting industry, the statistics presented in this blog post demonstrate the immense potential for growth and innovation in this sector. With the right implementation and collaboration between industry players, AI has the power to revolutionize lighting technology and create more efficient, sustainable, and intelligent solutions for the future.
References
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