Ambient Lighting Market Anticipated to Reach at USD 94 Billion By 2023 with 11% Of CAGR

Ambient Lighting Market
Ambient Lighting Market, By Type (Down Lighting, Surface Mounted Lighting, Suspended Lighting, Track Lighting), By Components (Hardware, Software, Services), By Applications (Residential, Commercial) – Forecast 2023

Market Highlights

The study reveals that ambient lighting is trending in North America region. The latest ambient lighting is widely used in these region as it can be helpful for the setting mood of the customer. These lighting elements can be used in conjunction with other sensory factors including sounds, haptic feedback and others. The LED ambient lighting has huge demand in the market as it is used in cartoon-style rendering where dark shadows may be undesirable and will increase the overall brightness of the room. For instance, LED ambient lighting is widely used in restaurants which has greater flexibility to change its color easily with little added expense.

 

In North America region, the ambient lighting demand is growing as imparts aesthetic look, modernization of infrastructure, low power consumption, and others. The prominent companies such as Acuity Brands Lighting Inc. (U.S.), Häfele GmbH & Co KG (Germany), are offering ambient lighting products for infrastructure projects, are driving the growth of the ambient lighting market for hardware. Moreover, the ambient lighting market is growing with the growing trend of digital technology. The latest technologies in smartphones are designed which minimize the number of lights in the screne.

 

The global ambient lighting market is growing rapidly over ~11% of CAGR and is expected to reach at USD ~ 94 Billion by the end of forecast period.

 

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Ambient Lighting Market Players:

  • Philips Lighting Holding B.V. (Netherlands
  • General Electric Company (U.S.)
  • Enterprise Lighting LTD (U.S.)
  • Unity Technologies SF (U.S.)
  • Cree, Inc. (U.S.)
  • Acuity Brands Lighting Inc. (U.S.)
  • Häfele GmbH & Co KG (Germany)
  • Pasolite (India)
  • LIGMAN Lighting Co., Ltd. (Thailand)
  • Thorn Lighting (U.K)
  • OSRAM Licht GmBH (Germany)

 

Global Ambient Lighting Market Segmentation

The global Ambient Lighting Market is bifurcated on the basis of type, components, applications and region. The type is segmented into down lighting, surface mounted lighting, suspended lighting, track lighting and others. The components is segmented into hardware, software, services and others. The applications is segmented residential, commercial (automotive, hospitals, offices) and others. The region includes North America, Europe, Asia Pacific and rest of the world.

 

Market Research Analysis:

On geographic basis, global ambient lighting market is studied in different regions as Americas, Europe, Asia-Pacific and Rest of world. It has been observed that North America region is leading with market share growth in the ambient lighting market. The ambient lighting is gaining huge demand due to low power consumption, low cost and others. In this market, Europe is to be estimated to be the second largest market share for ambient lighting during the forecast period.

 

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Intended Audience

–        Ambient lighting manufacturing companies

–        Original equipment manufacturers

–        Ambient lighting providers

–        Research and development companies

–        Market research and consulting firms

–        Solution providers

–        Technology standards organizations

–        Technology investors

–        System Integrators

 

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