Smart Lighting Market Projects $71.76B Growth by 2032

The global Smart Lighting Market is set for significant expansion, projected to grow from $22.38 billion in 2025 to $71.76 billion by 2032, driven by sustainability and urbanization. Key players like LG Electronics and Lutron are leading this shift, utilizing energy-efficient LED technology and IoT connectivity to enhance energy management. As cities adopt smart lighting to reduce energy consumption and environmental impact, regional leaders include North America, with rapid innovation in Europe and Asia-Pacific. Governments are incentivizing this transition as part of climate change efforts, emphasizing the need for businesses to adapt or risk obsolescence. This technological evolution not only transforms urban landscapes but also aligns with broader trends in automation and AI across various sectors, highlighting a growing demand for skills and infrastructure to support these advancements.