Industry Background:
Bluetooth LED Bulbs is a lighting technology designed for Bluetooth enabled efficiency. This may include changing the pattern of LED like light efficiency fixtures and automated controls that make adjustments based on conditions such as occupancy or daylight availability. It is a novel technology that makes the use of intelligent lighting control systems to manage light, based on various parameters, like movement, color, temperature, occupancy, and amount of natural light
According to AMA, the market for Bluetooth LED Bulbs is expected to register a CAGR of 8.61% during the forecast period to 2026. This growth is primarily driven by Increasing demand for energy-efficient lighting systems and Smart lighting shaping infrastructure modernization.
Globally, a noticeable market trend is evident Use of bluetooth LED bulbs in public infrastructure is increasing. The Technology sector in the North America 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 Players, such as Philips (Netherlands), General Electric Company (United States), Acuity Brands Lighting, Inc. (Georgia), Ledvance GmbH (Germany), Osram GmbH (Germany), Honeywell International Inc. (United States), Eaton Corporation PLC. (Republic of Ireland), Digital Lumens, Inc. (United States), Legrand S.A. (France), Lutron Electronics Company, Inc. (United States) and Streetlight. Vision (France) 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:
Chinese consortium completes acquisition of LEDVANCE
LEDVANCE announced Bluetooth mesh qualified LED lighting products, which leverage Cypress’ Bluetooth mesh technology. Cypress’ solutions facilitate a low-cost, low-power mesh network of devices that can communicate with each other and with smartphones, tablets and voice-controlled home assistants, via simple, secure, and ubiquitous Bluetooth connectivity.
Market Drivers
- Increasing demand for energy-efficient lighting systems
- Smart lighting shaping infrastructure modernization
Market Trend
- Use of bluetooth LED bulbs in public infrastructure is increasing
Restraints
- Lack of awareness regarding installation costs and payback periods
Opportunities
energy-efficient lighting systems is affecting the market. and growing significance of smart homes
Challenges
Lesser popularity of the product among the people and Availability of the ever changing advanced technology
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 Players 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 LED Bulbs Study Sheds Light on
The Bluetooth LED Bulbs Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Bluetooth LED Bulbs industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Bluetooth LED Bulbs 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 Players 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.