Market Overview:
The global connected bulb market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient lighting solutions and the growing trend of smart homes. The global connected bulb market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into ZigBee, Wi-Fi, and Bluetooth bulbs. Wi-Fi bulbs are expected to account for a major share in this market due to their high adoption rate among consumers. On the basis of application, residential sector accounted for a major share in 2017 and is projected to grow at a CAGR of 11% during 2018–2030 owing to rising demand for energy-efficient lighting solutions from residential users across different regions worldwide.
Product Definition:
A Connected Bulb is a light bulb that has been designed to be connected to the internet. This allows the user to control the light bulb from a distance, and also allows the user to receive alerts and notifications about their light bulbs. The importance of Connected Bulbs is that they allow users to have more control over their home lighting, as well as providing an extra layer of security for their home.
ZigBee:
ZigBee is a short-range wireless communication technology. It offers high data transfer rate and low power consumption as compared to other wireless technologies. The major advantage of ZigBee is that it can penetrate deep underground and meet the requirements for safe operation, which other technologies lack the ability to do.
The global connected bulb market size was valued at USD 788 million in 2015 and is expected to grow at a CAGR of XX% from 2016 to 2024.
Wi-Fi:
Wi-Fi is a wireless technology used in most of the modern electronic devices such as laptops, tablets, smartphones and smart wearables. It allows high-speed data transfer between devices within range. Wi-Fi has been rapidly adopted by consumers due to its cost efficiency and convenience. The rapid increase in internet usage has led to an upsurge in demand for faster networks which is further expected to drive the market over the forecast period.
Application Insights:
The commercial sector accounted for the largest revenue share of over 60% in 2017. The growing adoption of smart bulbs to improve the aesthetics and security of commercial buildings is expected to drive segment growth over the forecast period. The residential sector is also expected to witness significant growth owing to increasing demand for smart lighting products with features such as remote control, compatibility with ZigBee and Z-Wave protocol, dimming capability, etc. Moreover, these connected bulbs can be controlled through mobile applications which further propels their demand in the market.
The growing popularity of IoT devices has resulted in a surge in their number across homes and offices globally. These devices are not only used for providing information about temperature but also act as a switchboard connecting people with appliances all through wireless technology known as Wi-Fi or Bluetooth connectivity options based on device requirements. Such trends have led manufacturers towards developing innovative products that offer more functionality than conventional light switches allowing users greater control over connected home systems at both ends i.e.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region, owing to the increasing adoption of smart devices and connectivity. The regional market is anticipated to grow from USD X billion in 2017 to USD X billion by 2030, as per a recent study conducted by IBEF Research Institute on behalf of Google Inc. Europe accounted for over 25% share in terms of revenue in 2017 and is estimated to register a CAGR exceeding 7% during the forecast period on account of early technology adoption coupled with increased demand for energy savings across this region. North America held significant market share due its early acceptance and widespread usage across various sectors such as residential, industrial, and commercial applications among others; however it was followed by Asia Pacific owing mainlyto lower penetration rates compared with developed regions along with higher growth opportunities offered by developing countries such as India & China among others).
Growth Factors:
- Increasing demand for energy-efficient lighting solutions
- Rising awareness about the benefits of connected bulbs
- Proliferation of smart home devices and platforms
- Growing demand for IoT-enabled lighting solutions
- Advances in LED technology
Scope Of The Report
Report Attributes
Report Details
Report Title
Connected Bulb Market Research Report
By Type
ZigBee, Wi-Fi, Bluetooth
By Application
Residential Sector, Industrial Sector, Commercial Sector
By Companies
Cree, Osram Sylvania, Philips, General Electric, Belkin, LiFi Labs, Cree
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
190
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Connected Bulb Market Report Segments:
The global Connected Bulb market is segmented on the basis of:
Types
ZigBee, Wi-Fi, Bluetooth
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential Sector, Industrial Sector, Commercial Sector
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cree
- Osram Sylvania
- Philips
- General Electric
- Belkin
- LiFi Labs
- Cree
Highlights of The Connected Bulb Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- ZigBee
- Wi-Fi
- Bluetooth
- By Application:
- Residential Sector
- Industrial Sector
- Commercial Sector
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Connected Bulb Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A connected bulb is a smart bulb that can be controlled using an app or voice commands. These bulbs connect to the internet and can be controlled from anywhere in the world.
Some of the major players in the connected bulb market are Cree, Osram Sylvania, Philips, General Electric, Belkin, LiFi Labs, Cree.
The connected bulb market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Connected Bulb Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Connected Bulb Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Connected Bulb Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Connected Bulb Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Connected Bulb Market Size & Forecast, 2020-2028
4.5.1 Connected Bulb Market Size and Y-o-Y Growth
4.5.2 Connected Bulb Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 ZigBee
5.2.2 Wi-Fi
5.2.3 Bluetooth
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Residential Sector
6.2.2 Industrial Sector
6.2.3 Commercial Sector
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Connected Bulb Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Connected Bulb Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 ZigBee
9.6.2 Wi-Fi
9.6.3 Bluetooth
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Residential Sector
9.10.2 Industrial Sector
9.10.3 Commercial Sector
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 ZigBee
10.6.2 Wi-Fi
10.6.3 Bluetooth
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Residential Sector
10.10.2 Industrial Sector
10.10.3 Commercial Sector
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 ZigBee
11.6.2 Wi-Fi
11.6.3 Bluetooth
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Residential Sector
11.10.2 Industrial Sector
11.10.3 Commercial Sector
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 ZigBee
12.6.2 Wi-Fi
12.6.3 Bluetooth
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Residential Sector
12.10.2 Industrial Sector
12.10.3 Commercial Sector
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 ZigBee
13.6.2 Wi-Fi
13.6.3 Bluetooth
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Residential Sector
13.10.2 Industrial Sector
13.10.3 Commercial Sector
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Connected Bulb Market: Competitive Dashboard
14.2 Global Connected Bulb Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cree
14.3.2 Osram Sylvania
14.3.3 Philips
14.3.4 General Electric
14.3.5 Belkin
14.3.6 LiFi Labs
14.3.7 Cree
