Smart Lighting Sales to Reach $60 Billion by 2021

Intelligent lighting systems are being widely touted as the future of the lighting industry. With the proliferation of lighting fixtures such as LEDs and others in the market, the smart lighting industry is set to dominate a plethora of applications ranging from commercial to outdoor applications, according to a new industry report.

Lutron Maestro dimmer.

According to the report, Smart Lighting Market Research Report – Forecast to 2021 from Market Research Future, the global market for Smart Lighting is expected to reach up to $59.973 billion by the end of 2021 and is expected to grow at a CAGR of ~19-21%.

The major factors contributing to the growth of the Smart Lighting market are driven by continuously declining average selling price of LED lamps and the influx of smart apps, the internet of things and remote access and lighting controls.

Schneider Electric proximity sensor.

In terms of components, sensors such as proximity sensors had the largest share in the global Smart Lighting  market, and it is expected to grow at the highest CAGR among all the projects considered in the study.

The Sensors and Automation Systems Industry Gathering in Long Beach

Today’s smart phones make Star Trek’s communicators seem unimaginative. Of course, the opposite is true. Imagination is at the heart of the inspired technology we enjoy. While Kirk’s flip-phone may have already gone out of style, we shouldn’t get cocky. Spock’s tricorder still looks like magic to us today, the way flip-phones and automatic doors once did.

To glimpse how close we are to that tricorder, and to see the cutting-edge innovations in Long-Beach-Sensors-Conferenceseveral related fields, check out the Sensors Expo and Conference at the Long Beach Convention Center in Long Beach, California from June 9-11, 2015. Continue reading “The Sensors and Automation Systems Industry Gathering in Long Beach”