Industry Background:
Bluetooth Low Energy is a wireless personal area network technology with applications in a variety of sectors, including lighting. It was originally included in Bluetooth 4.0. Bluetooth Low Energy is designed to lower power usage and costs significantly. Bluetooth Low Energy is supported by all major mobile operating systems, including iOS, Android, macOS, Linux, and Windows 10. Bluetooth low energy-based smart lighting increases convenience as it can be controlled with smartphones and also reduced power draw as only necessary lights are used. Europe and North America is the largest market for these lights followed by the Asia Pacific.This growth is primarily driven by Need To Save Energy with Smart Lightning and Demand Of Bluetooth Low Energy Based Smart Lighting Due to Convenience.
Globally, a noticeable market trend is evident Introduction Of Mobile App in Bluetooth Low Energy Based Smart Lighting. The Consumer Electronics sector in the Europe region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Phillips (Netherlands), OSRAM (Germany), Aurora Lighting Group (United Kingdom), Acuity Brands, Inc. (United States), General Electric (United States), Legrand (France), Hubbell Incorporated (United States), BLE (United Kingdom), Signify (Netherlands) and Silvair (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In Dec 2019, AMS, an Austrian sensor company, was successful in its quest to buy Osram, a Munich-based lighting firm that has long been the world's second-largest lighting manufacturer but is now focused on photonics rather than illumination. The Premstaetten-based AMS had set a deadline of December 5 at midnight CET to buy a minimum of 55 percent of Osram through the public stock market.
On 24th Aug 2020, Aurora Lighting Group announced the launch of a brand new smart lighting range. There is no need to set up the items; they may be utilized right away. Users may regulate their lights with simply a remote control thanks to Bluetooth technology, which means that whether it's situated in the living room, dining room, or children's bedroom, anybody in the home can quickly configure the lighting to their choice.
Market Drivers
- Need To Save Energy with Smart Lightning
- Demand Of Bluetooth Low Energy Based Smart Lighting Due to Convenience
Market Trend
- Introduction Of Mobile App in Bluetooth Low Energy Based Smart Lighting
Restraints
- Bluetooth Low Energy Based Smart Lighting Tend to Be Pricier Than Conventional Alternatives
Opportunities
Growing Investment in Lighting Infrastructure Will Boost the Demand of Bluetooth Low Energy Based Smart Lighting and Opportunity To Sell Bluetooth Low Energy Based Smart Lighting to Commercial Sector
Challenges
Complex End-User Needs and Lack Of Short-Term Repeated Demand in Case of Bluetooth Low Energy Based Smart Lighting
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Bluetooth Low Energy Based Smart Lighting Study Sheds Light on
The Bluetooth Low Energy Based Smart Lighting Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Bluetooth Low Energy Based Smart Lighting industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Bluetooth Low Energy Based Smart Lighting industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.