According to a recent report by Grand View Research, Inc., the global smart lighting market is projected to reach a substantial size of USD 72.35 billion by 2030, registering a compound annual growth rate (CAGR) of 22.1% from 2023 to 2030. This rapid market expansion is largely driven by several key factors, including the ongoing development of smart cities, the increasing adoption of...

A new report published by Allied Market Research, titled, " Smart Lighting Market by offering, connectivity technology, lighting technology, application, and industrial vertical: Global Opportunity Analysis and Industry Forecast, 2019-2026," projects that the global smart lighting market size is estimated to reach $38.68 billion by 2026. In 2019, North America dominated the...