Smart LED Bulbs Market Report 2025

The smart LED bulbs market size has grown exponentially in recent years. It will grow from $16.95 billion in 2024 to $20.98 billion in 2025 at a compound annual growth rate (CAGR) of 23.8%. The growth in the historic period can be attributed to growing energy efficiency and cost savings, smart home integration, environmental sustainability, convenience and automation, cost reduction of led technology.

The smart LED bulbs market size is expected to see rapid growth in the next few years. It will grow to $39.9 billion in 2029 at a compound annual growth rate (CAGR) of 17.4%. The growth in the forecast period can be attributed to integration with voice assistants, health and wellness lighting features, expansion of smart lighting in commercial spaces, advancements in connected lighting, government initiatives for energy efficiency. Major trends in the forecast period include integration of circadian rhythms and human-centric lighting, adoption of thread protocol for connectivity, integration of advanced sensors, expansion of smart led strips and panels, increased adoption of bluetooth mesh networking.

The growth of the smart LED bulb market is significantly influenced by the development of smart cities. The future of street lighting systems within these smart cities is expected to be dominated by LED lighting networks. As smart cities continue to emerge, the lighting controls industry will experience a transformation, leading to advancements in light management. For example, in April 2023, the Smart City Index Report published by the International Institute for Management Development (IMD), a business school based in Switzerland, indicated that the number of smart cities rose from 118 in 2021 to 141 in 2023. Thus, the growth of smart cities is anticipated to drive the smart LED bulb market forward.

The increasing rate of urbanization is expected to stimulate the growth of the smart LED bulbs market. Urbanization refers to the process of cities expanding and growing, often accompanied by the migration of populations from rural areas to urban centers. This trend boosts the demand for smart LED bulbs, as more individuals reside in cities, where energy-efficient and sustainable lighting solutions are essential. Smart LED bulbs contribute to reduced energy consumption and costs while enhancing public safety and security in urban environments. For instance, in April 2022, the World Economic Forum, an independent international organization based in Switzerland, reported that over 4.3 billion people, or 55% of the global population, lived in urban areas, with projections suggesting this figure could rise to 80% by 2050. Consequently, the increasing urbanization is driving the expansion of the smart LED bulbs market.

A noteworthy trend in the smart LED bulbs market is the prevalence of Wi-Fi-enabled LED bulbs. These bulbs establish a connection to the home router, eliminating the need for a separate network and simplifying the setup. Wi-Fi-enabled lights can be easily controlled through dedicated applications provided by the brand and are compatible with popular smart assistants such as Alexa and Google, facilitating convenient light management. An emerging player in the Wi-Fi LED lights sector is Lifx, recognized as a top competitor to Philips. While Lifx lights may come with a higher price tag compared to Philips products, they offer brighter illumination, extended lifespan, and emit infrared light in darkness, making them suitable for outdoor fixtures near security cameras.

Leading companies in the smart LED bulbs market are strategically focusing on introducing environmentally friendly LED bulbs to enhance their market revenue. Philips Ultra Efficient LED bulbs, launched by Signify N.V. in April 2023, represent a range of energy-saving light bulbs with substantial advantages in terms of energy efficiency. These bulbs are up to 60% more energy-efficient than standard Philips LED bulbs and boast a lifespan of up to 50,000 hours. Available in various shapes, including A19, A21, and BR30, and offering multiple color temperatures such as warm white, cool white, and daylight, Philips Ultra Efficient LED bulbs cater to consumers aiming to reduce both energy bills and environmental impact.

In August 2022, Feit Electric Co., Inc., a California-based company specializing in lighting and smart home solutions, acquired Lifi Labs, Inc. for an undisclosed amount. This acquisition aims to expand Feit Electric Co., Inc.'s smart home portfolio by utilizing Lifi Labs, Inc.'s advanced smart LED technology and expertise. This will enable Feit to enhance its offerings in Wi-Fi-enabled, customizable lighting solutions and strengthen its position in the rapidly growing smart lighting market. Lifi Labs Inc. is a U.S.-based company that provides smart LED bulbs.

Major companies operating in the smart LED bulbs market include General Electric Company, Panasonic Corporation, LG Electronics Inc., Schneider Electric SE, Honeywell International Inc., ABB Ltd, Eaton Corporation plc, Koninklijke Philips N.V., Wipro Enterprises Ltd, Legrand S.A., Signify N.V., OSRAM Licht AG, Hubbell Incorporated, Acuity Brands Lighting Inc., Dialight PLC, Zumtobel Group AG, Cree Inc., Lutron Electronics Co. Inc., Leviton Manufacturing Company Inc., Helvar Ltd, Synapse Wireless Inc., Enlighted Inc., LightwaveRF PLC, TVILIGHT B.V, Adesto Technologies Corporation, RAB Lighting Inc.

Asia-Pacific was the largest region in the smart LED bulbs market in 2024. Western Europe was the second-largest region in the global smart LED bulbs market share. The regions covered in the smart led bulbs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the smart led bulbs market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A smart bulb is an LED light bulb equipped with internet connectivity, enabling personalized, programmed, and remote control of lighting. Smart LED bulbs find applications in both indoor and outdoor lighting.

Smart LED bulbs utilize both wired and wireless technologies. Wired technology involves connecting smart LED bulbs through physical wires, suitable for both indoor and outdoor lighting installations, whether as part of new installations or retrofits.

The smart LED bulbs market research report is one of a series of new reports that provides smart LED bulbs market statistics, including smart LED bulbs industry global market size, regional shares, competitors with a smart LED bulbs market share, detailed smart LED bulbs market segments, market trends and opportunities, and any further data you may need to thrive in the smart LED bulbs industry. This smart LED bulb market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The smart LED bulbs market consists of sales of wired smart LED bulbs and wireless smart LED bulbs. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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