Market Share of Smart Lighting Industry
The smart lighting market is highly competitive and consists of several major players. However, many companies are increasing their market presence with smart lighting by securing new contracts and acquiring other companies. Signify Holding, Control4 Corp. (Snap One LLC), Wyze Labs Inc., Eaton Corporation, and Savant are key players.
In February 2023, Signify helped the German municipality of Eichenzell become a future-proof smart city through intelligent street lighting. Its BrightSites solution brings fast, wireless broadband connectivity to the city, allowing Eichenzell to cater to next-generation IoT applications and future 5G densification. Signify installed LED lighting, which the Interact City System manages. Eichenzell can continuously monitor and manage all lights from a single dashboard.
In January 2023, Savant company GE Lighting announced the expansion of its smart home ecosystem, Cync. Cync unveiled its entire Dynamic Effects entertainment lineup, which includes 16 million colors, pre-set and custom light shows, on-device music syncing, and other features. In addition, following a successful launch last year, Cync has expanded its Wafer light fixture line.
Smart Lighting Market Leaders
Signify Holding
Control4 Corp. (Snap One LLC)
Lutron Electronics Co. Inc
Wyze Labs Inc.
Sengled
*Disclaimer: Major Players sorted in no particular order
