Market Overview:
The global smart work light market is expected to grow at a CAGR of 6.5% 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 awareness about the benefits of using smart work lights. The plug-in type segment is expected to dominate the global smart work light market during the forecast period, owing to its low installation and maintenance costs as compared to other types of smart work lights. The rechargeable type segment is projected to grow at a higher CAGR than other types during the forecast period, as it offers several advantages such as portability, longer battery life, and reduced environmental impact. Among applications, study counseling is expected to be one of the fastest-growing segments in terms of revenue during 2018–2030 owing to an increase in student enrollment across various educational institutions globally.
Product Definition:
A Smart Work Light is an LED lightbulb that can be controlled by a mobile app. The app allows the user to control the brightness and color of the light, as well as set timers and alarms.
The importance of a Smart Work Light is that it allows the user to customize their lighting environment. This can be helpful for people who work from home, as they can create a workspace that is specifically tailored to their needs.
Plug-in:
Plug-in is a light that can be connected to an AC power source through a USB cable. It has the ability to change color and provide different effects as per user requirements. The smart plug-in work light market is expected to witness significant growth over the forecast period owing to its increasing demand in commercial and residential sectors for providing illumination.
Rechargeable:
Rechargeable is a battery powered device that can be charged through an electric circuit or by plugging it into the charging source. The most common ways to rechargeable batteries are through wall outlet and with the help of a computer or laptop. Rechargeable batteries are used in smart work light as they have longer working hours as compared to non-rechargeable batteries, which makes them more suitable for usage in such devices.
Application Insights:
The study and counseling application segment dominated the global smart work light market in terms of revenue share in 2017. The growth can be attributed to the increasing demand for academic counselors at colleges and universities across the globe. According to a study published by NACAC, there were more than 55,000 student-athletes participating in intercollegiate athletics across U.S. In addition, according to NCAA's 2018 annual financial aid statistics, an estimated 1,football scholarship (in-state tuition) worth approximately USD 778 was awarded per player on average during the 2016-2017 academic year across all divisions combined (Football Bowl Subdivision [FBS], Football Championship Subdivision [FCS] & Division I). This is expected to drive product demand over the forecast period as these lights help students better focus on their studies without having distractions while studying or doing homework late night hours at home or anywhere else.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to retain its dominance over the forecast period as well. This can be attributed to increasing working hours, coupled with a rise in demand for on-the-go solutions that help users complete their tasks efficiently and effectively. Moreover, an increase in government initiatives aimed at encouraging students to undertake study counseling activities is also expected to drive the regional smart work light market over the forecast period.
Asia Pacific region accounted for more than 20% of total revenue share in 2017 owing to growing adoption of these devices by corporate professionals across various industries including hospitality, education and healthcare sectors for effective management of workplace lighting requirements during off-peak hours or when there is no need for high brightness levels to avoid excess electricity consumption charges.
Growth Factors:
- Increasing demand for energy-efficient lighting solutions
- Rising awareness about the benefits of smart lighting
- Proliferation of internet of things (IoT) and big data analytics
- Growing demand for LED lighting in commercial applications
- Technological advancements in smart work light technology
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Work Light Market Research Report
By Type
Plug-in, Rechargeable
By Application
Study Counseling, Learning Management, Communicate And Accompany
By Companies
Bytedance Technology, Tencent, iFLYTEK, Shanghai Ozing Digital Technology
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
185
Number of Tables & Figures
130
Customization Available
Yes, the report can be customized as per your need.
Global Smart Work Light Market Report Segments:
The global Smart Work Light market is segmented on the basis of:
Types
Plug-in, Rechargeable
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
Study Counseling, Learning Management, Communicate And Accompany
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:
- Bytedance Technology
- Tencent
- iFLYTEK
- Shanghai Ozing Digital Technology
Highlights of The Smart Work Light 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:
- Plug-in
- Rechargeable
- By Application:
- Study Counseling
- Learning Management
- Communicate And Accompany
- 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 Work Light 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
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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 Smart Work Light is a light that can be controlled with an app or a remote. This type of light can be used to help workers in the dark, and it can also be used as a security feature.
Some of the major players in the smart work light market are Bytedance Technology, Tencent, iFLYTEK, Shanghai Ozing Digital Technology.
The smart work light market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Work Light 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 Work Light Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Work Light 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 Work Light 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 Work Light Market Size & Forecast, 2018-2028
4.5.1 Smart Work Light Market Size and Y-o-Y Growth
4.5.2 Smart Work Light Market Absolute $ Opportunity
Chapter 5 Global Smart Work Light 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 Smart Work Light Market Size Forecast by Type
5.2.1 Plug-in
5.2.2 Rechargeable
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Smart Work Light 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 Smart Work Light Market Size Forecast by Applications
6.2.1 Study Counseling
6.2.2 Learning Management
6.2.3 Communicate And Accompany
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Work Light 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 Work Light 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 Smart Work Light Analysis and Forecast
9.1 Introduction
9.2 North America Smart Work Light 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 Smart Work Light Market Size Forecast by Type
9.6.1 Plug-in
9.6.2 Rechargeable
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 Smart Work Light Market Size Forecast by Applications
9.10.1 Study Counseling
9.10.2 Learning Management
9.10.3 Communicate And Accompany
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 Smart Work Light Analysis and Forecast
10.1 Introduction
10.2 Europe Smart Work Light 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 Smart Work Light Market Size Forecast by Type
10.6.1 Plug-in
10.6.2 Rechargeable
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 Smart Work Light Market Size Forecast by Applications
10.10.1 Study Counseling
10.10.2 Learning Management
10.10.3 Communicate And Accompany
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 Smart Work Light Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Smart Work Light 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 Smart Work Light Market Size Forecast by Type
11.6.1 Plug-in
11.6.2 Rechargeable
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 Smart Work Light Market Size Forecast by Applications
11.10.1 Study Counseling
11.10.2 Learning Management
11.10.3 Communicate And Accompany
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 Smart Work Light Analysis and Forecast
12.1 Introduction
12.2 Latin America Smart Work Light 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 Smart Work Light Market Size Forecast by Type
12.6.1 Plug-in
12.6.2 Rechargeable
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 Smart Work Light Market Size Forecast by Applications
12.10.1 Study Counseling
12.10.2 Learning Management
12.10.3 Communicate And Accompany
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) Smart Work Light Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Smart Work Light 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) Smart Work Light Market Size Forecast by Type
13.6.1 Plug-in
13.6.2 Rechargeable
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) Smart Work Light Market Size Forecast by Applications
13.10.1 Study Counseling
13.10.2 Learning Management
13.10.3 Communicate And Accompany
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 Work Light Market: Competitive Dashboard
14.2 Global Smart Work Light Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bytedance Technology
14.3.2 Tencent
14.3.3 iFLYTEK
14.3.4 Shanghai Ozing Digital Technology
