Smart Lighting Market Is Projected To Witness A CAGR Of Over 22%, To Surpass $ 20 Billion By 2022 | TechSci Research
The global smart lighting market is projected to witness a CAGR of over 22%, to surpass $ 20 billion by 2022, on the back of technological advancements in lighting solutions, coupled with booming demand for advanced lighting solutions, especially in street lighting segment, across the globe. Moreover, rising focus on development of smart cities, increasing IoT adoption and emergence of Li-Fi technology are expected to further boost global smart lighting market in the coming years. Years considered for this report: Historical Years: 2012-2015 Base Year: 2016 Estimated Year: 2017 Forecast Period: 2018–2022 Objective of the Study: To define, classify and forecast the global smart lighting market on the basis of product type, communication technology, software & services, light source, application and regional distribution. To analyze and forecast the market size of global smart lighting market. To scrutinize detailed market segm...