Smart Bulb Market (Updated Version Available)

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 2021, 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 2021 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 2021 to 2026.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 2020 and will reach 716.1 million US$ by the end of 2026, growing at a CAGR of 10.4% during 2021-2026. 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.

This report covers the present status and the future prospects of the global Smart Bulb market for 2015-2026.
The report offers detailed coverage of Smart Bulb industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Smart Bulb by geography. The report splits the market size, by volume and value, on the basis of application type and geography.

And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].

Key Companies
Philips Lighting, General Electric Company, LIFX (Buddy), OSRAM, Sengled, Cree, iLumi solutions, Feit Electric, Yeelight, TCP, Huawei, Revogi

Market Segment as follows:
Market by Order Type

ZigBee
Wi-Fi
Bluetooth
Others

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
Home
Office
Shopping
Hospitality
Others

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 while maintaining their competitive edge over their competitors. The report offers detailed and crucial information to understand the overall market scenario.

By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]

The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Smart Bulb market for the forecast period 2021 - 2026?
• What are the driving forces in the Smart Bulb market for the forecast period 2021 - 2026?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Smart Bulb industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?

Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.