Lighting Module Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029)

The global lighting module Market is anticipated to grow at a considerable CAGR of 4.5% during the forecast period. The ongoing technological advancements in LED modules is driving the growth of the global lighting module market. Smart LED lighting systems allow users to control light intensity and color, and program lighting scenarios for different occasions and times of day. Philips Hue is one of the most popular smart lighting systems. It uses Bluetooth or Zigbee to connect to user's home Wi-Fi network, and the user can control it with the Philips Hue app, user's voice assistant (like Google Assistant or Amazon Alexa), or physical buttons. Hue bulbs come in a variety of colors and brightness levels, so user can customize the lighting in its home to match consumer mood or the occasion. User can also create lighting scenes, which are pre-programmed settings that you can activate with a single tap. For instance, user could create a scene called "Movie Night" that turns on the lights in your living room and dims them to a warm, relaxing setting.

Lifx is another popular smart lighting system that uses Wi-Fi to connect to your home network. It offers a wider range of colors than Philips Hue, and it also has the ability to change color temperature, which can be helpful for creating a more relaxing or energizing atmosphere. Lifx bulbs are also compatible with a wider range of voice assistants, including Apple HomeKit and Samsung SmartThings. Yeelight is a budget-friendly smart lighting system that offers a good value for the price. It uses Wi-Fi to connect to user's home network, and it can be controlled with the Yeelight app, voice assistant, or physical buttons. Yeelight bulbs come in a variety of colors and brightness levels, and they also have the ability to change color temperature.

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Market Coverage

• The market number available for - 2022-2030

• Base year- 2022

• Forecast period- 2023-2030

Segment Covered-

· By Lighting Type

· By Application

· By End-User

Regions Covered-

• North America

• Europe

• Asia-Pacific

• Rest of the World

Competitive Landscape-OSRAM GmbH., Signify HLDG., General Electric Co., Lumileds Holding B.V. , ACUITY BRANDS, INC. among others.

Lighting Module Market Report Segment

By Lighting Type

• LED

• LFL

• HID

• Others

By Application

• General

• Automotive

• Backlighting

• Others

By End-User

• Residential

• Commercial

• Industrial

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Lighting Module Market Report Segment by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

• Latin America

• Middle East and Africa

Company Profiles

· ACUITY BRANDS, INC.

· Broadcom.

· Cooper Lighting LLC.

· Dialight plc.

· Eaton Corporation plc.

· EPISTAR Corp.

· EVERLIGHT ELECTRONICS CO., LTD.

· FUJIKURA KASEI CO., LTD.

· General Electric Co.

· HELLA GmbH & Co. KGaA

· Lextar Electronics Corp.

· LG Innotek Co., Ltd.

· Lumileds Holding B.V.

· LUMITRONIXLED-Technik GmbH

· Mitsubishi Electric Corp.

· MLS CO., LTD.

· NICHIA Corp.

· OSRAM GmbH.

· Samsung Electronics

· Seoul Semiconductor Co., Ltd.

· Signify HLDG.

· TCP GLOBAL

· Toshiba Lighting France

· TOYODA GOSEI Co., Ltd.

· TT Electronics

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