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.
Browse the full report description of “Lighting Module Market Size, Share & Trends Analysis Report Market by Lighting Type (LED, LFL, HID, and Others), by Application (General, Automotive, Backlighting, and others), by End-user (Residential, Commercial, and industrial) Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/lighting-module-market
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.
Market Coverage
• The market number available for – 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Lighting Type
o By Application
o By End-User
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape-OSRAM GmbH., Signify HLDG., General Electric Co., Lumileds Holding B.V. , ACUITY BRANDS, INC. among others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Lighting Module Market Report Segment
By LightingType
By Application
By End-User
Global Lighting Module Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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