Smart Lighting Market Opportunities: Smart Bulbs and the Rise of Local Lighting Intelligence

In the past 18 months, the smart lighting business has taken important new directions, creating opportunities at every level of the lighting value chain. Smart lighting vendors now see their value proposition as having more to do with mood lighting than lighting efficiency. In addition, smart lighting is now conceived of as part of the Internet-of-Things (IoT) and not as just another lighting management system.

This report reevaluates where the money will be made in smart lighting in the next years and examines the product market strategies of all the leading vendors active in this space. These have changed somewhat as some of the established lighting players have come to market with next-generation smart lighting products and new firms have entered the market, some even funding their efforts with Kickstarter campaigns.

This illustrates how the tone of the smart lighting business has changed recently. Originally, smart lighting systems were sold as the most recent incarnation of traditional lighting management systems, but now they have become a cool electronic product, much like the iPhone. One of the questions this report therefor asks and answers is whether this shift will create new markets for smart lighting or whether it might actually put off some industrial and commercial lighting users.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/smart-lighting-market-opportunities-smart-bulbs-and-the-rise-of-local-lighting-intelligence-300043765.html

SOURCE Research and Markets

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