Market Overview:
The global smart color light 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 home automation. In addition, the rising awareness about health and environment-friendly lighting solutions is also contributing to the growth of this market. The global smart color light bulb market can be segmented on the basis of type, application, and region. On the basis of type, this market can be segmented into wifi light bulbs, speaker light bulbs, Bluetooth light bulbs, and others. Wifi light bulbs are expected to account for a major share in this market due to their high adoption rate across various applications such as residential and commercial establishments. On the basis of application, this market can be divided into household and commercial establishments.
Product Definition:
A Smart Color Light Bulb is a light bulb that can be controlled using a smartphone or other mobile device. The bulb can be used to control the intensity of the light, change the color of the light, and set schedules for when the light turns on and off. Smart Color Light Bulbs are important because they allow users to customize their lighting experience and save energy by programming lights to turn off automatically.
Wifi Light Bulb:
Wifi light bulb is a smart device which can be connected to the wireless network and it allows controlling the brightness of the lamp from any mobile or tablet device that has an application installed for this purpose. The consumer can change the setting according to their requirements through their smartphones or tablets.
Speaker Light Bulb:
The speaker light bulb is a device that emits sound by means of an internal speaker. The product is mainly used in public address (PA) systems for announcements, music concerts, and other events. It can also be used to communicate with the audience or to provide music at social gatherings. In addition, it serves as a great tool for creating awareness about products and services in retail stores using the audio system of an automobile or a shopify store using wireless speakers.
Application Insights:
The household segment dominated the global smart color light bulb market in 2017. The growth of this segment can be attributed to increasing adoption of smart devices, which in turn is promoting the use of lighting as an interface. Furthermore, growing awareness about energy conservation is also driving consumers towards adopting these bulbs for their homes. As per a study conducted by LIFX, 43% of households across Europe and North America have already installed Wi-Fi enabled LED light bulbs at home.
The commercial application segment is expected to witness significant growth over the forecast period owing to rising adoption by various industries including hospitality, retail and healthcare for providing better illumination effects during working hours or daytime whereas entertainment or night time events require colored lights with different patterns and shapes that can be controlled remotely which will drive product demand further.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a CAGR of XX% from 2018 to 2030 owing to increasing adoption of smart color light bulbs in commercial and household applications. Europe accounted for more than 25% share of the global revenue in 2017, which can be attributed to growing product demand as well as stringent energy-efficiency regulations implemented by various regulatory bodies, such as EEA, Energy Reformer Directive (ERD) and EU.
Asia Pacific is anticipated to register significant growth over the forecast period owing with rapid urbanization and rising disposable income among consumers. Moreover, increasing penetration of electricity infrastructure coupled with growing consumer awareness regarding energy conservation will drive regional growth during the forecast period.
Growth Factors:
- Increasing demand for energy-efficient lighting solutions
- Rising awareness about the benefits of using smart color light bulbs
- Growing popularity of home automation and smart home technologies
- Proliferation of Internet of Things (IoT) devices and platforms
- Advances in LED technology that make smart color light bulbs more affordable and accessible to a wider audience
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Color Light Bulb Market Research Report
By Type
Wifi Light Bulb, Speaker Light Bulb, Bluetooth Light Bulb, Others
By Application
Household, Commercial
By Companies
Philips Lighting, General Electric Company, OSRAM Licht AG, Tikteck, Ilumi solutions, LiFi Labs, ION AUDIO, Revogi, Lighting Science, Philips Lighting
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Smart Color Light Bulb Market Report Segments:
The global Smart Color Light Bulb market is segmented on the basis of:
Types
Wifi Light Bulb, Speaker Light Bulb, Bluetooth Light Bulb, Others
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
Household, Commercial
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:
- Philips Lighting
- General Electric Company
- OSRAM Licht AG
- Tikteck
- Ilumi solutions
- LiFi Labs
- ION AUDIO
- Revogi
- Lighting Science
- Philips Lighting
Highlights of The Smart Color Light 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:
- Wifi Light Bulb
- Speaker Light Bulb
- Bluetooth Light Bulb
- Others
- By Application:
- Household
- Commercial
- 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 Smart Color Light 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 smart color light bulb is a type of LED light bulb that can be controlled using an app on a smartphone or computer. The app allows users to adjust the color, brightness, and other settings of the light bulb.
Some of the major companies in the smart color light bulb market are Philips Lighting, General Electric Company, OSRAM Licht AG, Tikteck, Ilumi solutions, LiFi Labs, ION AUDIO, Revogi, Lighting Science, Philips Lighting.
The smart color light 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 Smart Color Light 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 Smart Color Light Bulb Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Color Light 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 Smart Color Light 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 Smart Color Light Bulb Market Size & Forecast, 2020-2028
4.5.1 Smart Color Light Bulb Market Size and Y-o-Y Growth
4.5.2 Smart Color Light 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 Wifi Light Bulb
5.2.2 Speaker Light Bulb
5.2.3 Bluetooth Light Bulb
5.2.4 Others
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 Household
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Color Light 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 Smart Color Light 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 Wifi Light Bulb
9.6.2 Speaker Light Bulb
9.6.3 Bluetooth Light Bulb
9.6.4 Others
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 Household
9.10.2 Commercial
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 Wifi Light Bulb
10.6.2 Speaker Light Bulb
10.6.3 Bluetooth Light Bulb
10.6.4 Others
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 Household
10.10.2 Commercial
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 Wifi Light Bulb
11.6.2 Speaker Light Bulb
11.6.3 Bluetooth Light Bulb
11.6.4 Others
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 Household
11.10.2 Commercial
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 Wifi Light Bulb
12.6.2 Speaker Light Bulb
12.6.3 Bluetooth Light Bulb
12.6.4 Others
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 Household
12.10.2 Commercial
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 Wifi Light Bulb
13.6.2 Speaker Light Bulb
13.6.3 Bluetooth Light Bulb
13.6.4 Others
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 Household
13.10.2 Commercial
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 Smart Color Light Bulb Market: Competitive Dashboard
14.2 Global Smart Color Light Bulb Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Philips Lighting
14.3.2 General Electric Company
14.3.3 OSRAM Licht AG
14.3.4 Tikteck
14.3.5 Ilumi solutions
14.3.6 LiFi Labs
14.3.7 ION AUDIO
14.3.8 Revogi
14.3.9 Lighting Science
14.3.10 Philips Lighting
