MOTION SENSING LIGHTING MARKET REPORT OVERVIEW
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The global motion sensing lighting market size was USD 952 million in 2022 and is projected to touch USD 2103.27 million by 2031, exhibiting a CAGR of 9.2% during the forecast period.
Motion sensing lighting is activated as a reaction every time any movement is sensed. They are strong and long-lasting. They offer a high level of safety and decrease energy consumption by turning off lights automatically when no sign is noticed. It helps to brighten the most exciting areas such as dark halls, backyards, and garages among others. It helps in shielding the locations at a cheap cost. They can be mounted on walls, ceilings, living rooms, doorways, or outside the premises. Motion sensor lights are easy to use, safe, and user-friendly.
The beginning of the progress of smart homes and growth in the quantity of household uses such as automated lighting control and home control is projected to drive the market. The rising use of automation active for household and commercial applications that include motion sensors and sensing tools is further anticipated to drive market growth. Moreover, the propagation of smartphones, wearable strategies, and tablets is expected to enhance market expansions in the coming years.
COVID-19 Impact: Supply Chain Disruption to Impede Market Progress
The global COVID-19 pandemic has been unprecedented and staggering, with the motion sensing lighting experiencing lower-than-anticipated/higher-than-anticipated demand across all regions compared to pre-pandemic levels. The spike in CAGR is attributable to the motion sensing lighting market growth and demand returning to pre-pandemic levels once the pandemic is over
The Covid-19 pandemic has an adequate consequence on the market development of motion sensing lighting. In the short run, countrywide lockdowns caused a closer of industrial units owing to disruption in the supply chain. Though, new standards of reopening and social distancing include the implementation of the technology to safeguard trade along with caution. Furthermore, the surge in consumer electronics, particularly smartphones, laptops, and others, to restart education/ work online, also backed market retrieval for the motion sensors.
LATEST TRENDS
"Rising Awareness of Energy Saving to Facilitate Industry Progress"
The most substantial feature driving the growth of this market is the condition of energy-efficient linked lighting panels and continuing and future smart city schemes in emerging economies. The arrival of combined lighting control structures, future smart city developments in emerging economies, growing implementation and reducing the cost of LEDs, and incorporation of lighting solutions with smart devices. This necessity is credited to the improved awareness concerning decreasing energy consumption. The rising awareness about energy savings among consumers and governments globally are the main features backing the development of the motion sensing lighting market.
MOTION SENSING LIGHTING MARKET SEGMENTATION
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- By Type Analysis
By type, the market is segmented into Battery Powered, Solar Powered, and Plug In Electric.
- By Application Analysis
Based on application, the market is classified into Residential, Commercial, and Industrial.
DRIVING FACTORS
"Technological Advancement to Bolster Market Progress"
The enhanced connectivity and improvements in technological solutions have augmented the adoption of motion sensing lighting systems, globally. Wireless technologies, such as ZigBee and Bluetooth, have prepared connections of smart lighting control systems smooth across several spaces. Furthermore, the idea of smart cities is also growing in different regions and this drive is maintained by many government initiatives. As a smart city contains a linked system, the general lighting application in the smart city needs automatic lighting systems. These automated lighting systems use sensor-based switch systems.
"Increasing Demand from Consumer Electronics to Magnify Market Growth"
The consumer electronics sector is a promptly altering and energetic industry with growing rivalry among the market players. Presently, producers of consumer electronics are under huge stress to bring single and distinguished products to the market. Major mobile industrial firms, such as Samsung, are associating with light sensor producers to incorporate both technologies. Light sensor devices are observing an upsurge in application in electronic devices, such as mobiles, LCDs, and LEDs, which achieve the purpose of mechanically regulating the screen illumination in reaction to the volume of light these devices receive and help in power saving for these devices.
RESTRAINING FACTORS
"High Cost to Impede Market Progress"
Factors such as the high initial cost of disposition, and safety and dependability matters of smart with IoT-based lighting systems are limiting the motion sensing lighting market growth. Increasing smart office and smart retail trends, geographical prospects, expansion of human-centric lighting solutions, rising demand for lighting solutions in commercial and healthcare applications, the prompt alteration from traditional lighting to connected lighting, and the rising disposition toward energy-efficient lighting solutions are the main prospects for the smart lighting market.
MOTION SENSING LIGHTING MARKET REGIONAL INSIGHTS
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The market is highly fragmented, with various advertising companies in multiple markets. Companies are adopting different strategies such as mergers and acquisitions, partnerships, product launches, and expansions. Due to the presence of several significant competitors with established capabilities and smaller businesses focused on innovation, the competitive battle among players in the motion sensing lighting market is fierce. Leading players' capacity to continuously reinvent their offerings would provide them a competitive advantage over other players.
INDUSTRY DEVELOPMENT
- March 2021: Hubbell Lighting declared its collaboration with LightAZ, a luminaire engineering corporation with headquarters in Illinois, U.S.
"Increasing Demand for Consumer Electronics to Bolster Growth in Asia Pacific "
Asia Pacific is likely to dominate the motion sensing lighting market share due to its high population size and growing demand for smartphones and other consumer electronics. An upsurge in the adoption rate of handheld devices with inherent light sensors is also one of the main factors backing to the growth of the light sensors market in the region. With the rise in the safety concerns among the consumers in the emerging economies, such as India, the automobile companies are integrating more devices into low-cost cars. This is projected to drive the demand for light sensors in the foreseeable future.
North America is expected to hold a substantial share of the market due to its infrastructural development and early implementation of technology. Furthermore, the presence of prominent players in the region will also contribute to growth.
KEY INDUSTRY PLAYERS
"Implementation of Strategies and Product Innovation to Help Major Players Grow"
List of Market Players Profiled
- OSRAM (Germany)
- Philips (Netherlands)
- Panasonic (Japan)
- GE (U.S.)
- Siemens (Germany)
- Mr Beams (U.S.)
- First Alert (U.S.)
- RAB Lighting (U.S.)
- Heath Zenith (Canada)
- MAXSA Innovations (U.S.)
- Halo (Eaton) (U.S.)
REPORT COVERAGE
This report offers an analysis of the leading segments and the latest market trends. It comprehensively discusses the impact of COVID-19 and the driving and restraining factors. The report's market estimations are based on extensive secondary research, primary interviews, and in-house expert reviews. The study examines the most recent developments and the most profitable categories. It keeps track of the essential players' strategies and regional trends. It allows readers to learn about the critical methods that promote market growth.
| REPORT COVERAGE | DETAILS |
|---|---|
Market Size Value In |
US$ 952 Million in 2022 |
Market Size Value By |
US$ 2103.27 Million by 2031 |
Growth Rate |
CAGR of 9.2% from 2022 to 2031 |
Forecast Period |
2023-2031 |
Base Year |
2022 |
Historical Data Available |
Yes |
Segments Covered |
Type, Application & Region |
Regional Scope |
Global |
Frequently Asked Questions
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What value is the motion sensing lighting market expected to touch by 2031?
Based on our research, the motion sensing lighting market is expected to touch USD 2103.27 million by 2031.
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At what CAGR is the motion sensing lighting market projected to grow in the forecast period?
The motion sensing lighting market is expected to grow at a CAGR of 9.2% during the forecast period.
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Which are the driving factors of the motion sensing lighting market?
Increasing adoption of 5G networks and increasing demand for high bandwidth are the driving factors of the motion sensing lighting market
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Which are the top companies operating in the motion sensing lighting market?
OSRAM, Philips, Panasonic, GE, Siemens, Mr Beams, First Alert, RAB Lighting, Heath Zenith, MAXSA Innovations, Halo (Eaton) are the top companies operating in the motion sensing lighting market.
