A smart bulb is an internet-capable LED light bulb that allows lighting to be customized, scheduled and controlled remotely. Smart bulbs are among the most immediately successful offerings in the growing category of home automation and Internet of Things (IoT) products.
Nowadays, global Smart Bulb sales areas are mainly in United States, Europe, China, Japan, South Korea, Rest of World. In 2018, United States Smart Bulb sales takes about 36.3% with 8575 K Units and it is the largest sales region. Europe was a major market for Smart Bulb in 2018 and is estimated to expand due to the rising number of industries. China also leads the global Smart Bulbs market in terms of demand, which has a dramatic growth at a GAGR of 13.18% from 2019 to 2025.Global major manufacturers are Philips Lighting, General Electric Company, LIFX (Buddy) and other small companies in US and China. Philips Lighting is a global leader company in this field. The market is anticipated to witness a shift from developed countries to the developing economies of Asia due to the fewer stringent environmental regulations in the latter.Smart bulbs are most used in Home and office, which make up nearly 70% market share in this period. The increasing use of digital light technologies, along with industry 4.0 and Internet of Things（IOT）trends, are gaining more and more momentum. The smart bulb market is forecast to grow at faster rate than the general economy. High quality and cost efficiency are crucial competitive factors, and technology-driven professional market on the other, which are characterized by innovation, customer-specific solutions, and sustainable growth.
The global Smart Bulb market is valued at 361 million US$ in 2018 and will reach 716.1 million US$ by the end of 2025, growing at a CAGR of 10.4% during 2019-2025. The objectives of this study are to define, segment, and project the size of the Smart Bulb market based on company, product type, end user and key regions.
This report studies the global market size of Smart Bulb in key regions like North America, Europe, China, India, Australia and Southeast Asia, focuses on the consumption of Smart Bulb in these regions.
This research report categorizes the global Smart Bulb market by top players/brands, region, type and end user. This report also studies the global Smart Bulb market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
The following manufacturers are covered in this report, with sales, revenue, market share for each company:
General Electric Company
Smart Bulb market size by Type
In 2018, Wi-Fi accounted for a major share of 41.02% in the global Smart Bulb market. And this product segment is poised to reach 337.8 million US$ by 2025 from 148.1 million US$ in 2018.
Smart Bulb market size by Applications
In Smart Bulb market, the Home holds an important share in terms of applications, and it is expected to reach a volume of 27456 (K Units) by 2025, at a CAGR of 12.98% during 2019 and 2025.
Market size by Region
Central & South America
Middle East & Africa
The study objectives of this report are:
To study and analyze the global Smart Bulb market size (value & volume) by company, key regions, products and end user, breakdown data from 2014 to 2018, and forecast to 2025.
To understand the structure of Smart Bulb market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Smart Bulb companies, to define, describe and analyze the sales volume, value, market share, market competition landscape and recent development.
To project the value and sales volume of Smart Bulb submarkets, with respect to key regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Smart Bulb are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
This report includes the estimation of market size for value (million US$) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Smart Bulb market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.