About Smart Bulb
A smart bulb is an internet-capable LED light bulb that can be controlled from an app usually on Apple or Android phone and allows lighting to be customized, scheduled and controlled remotely. These bulbs can be controlled from anywhere. Many smart bulbs can produce a range of over 16 million colors. The application installed in the smartphone enables users to change the brightness of the bulbs. The factors such as Increased Penetration of the Internet and Increased Disposable Income of the People are driving the global smart bulb market.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Smart Bulb market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Xiaomi Corporation (China), Philips (Netherlands), GE Lighting (United States), Feit Electric (United States), Wipro (India), Syska (India), LIFX (Australia), Luminous Power Technologies (India) and AwoX (France) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Smart Bulb market by Type (ZigBee, Wi-Fi, Bluetooth and Others), Application (Home, Office, Shopping, Hospitality and Others) and Region.
On the basis of geography, the market of Smart Bulb has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Supermarket/Hypermarket will boost the Smart Bulb market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Wattage, the sub-segment i.e. 8 9 watts will boost the Smart Bulb market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancements in the Electric Equipment and Robust Increase in the Distribution Channels
Market Growth Drivers:
Increased Penetration of the Internet and Increased Disposable Income of the People
Challenges:
Less Awareness among People About Smart Bulbs
Restraints:
High Cost of the Smart Bulbs
Opportunities:
Growth in the E-Commerce Industry and Increasing Number of Online Customers
In September 2020, Xiaomi has launched Mi Smart LED Bulb (White), the companys latest Smart Bulb in India. It is a 7.5W bulb with 810 Lumens of brightness, comes with support for Amazon Alexa as well as Google Assistant, and doesnt require a separate bridge. It comes with B22 socket, so that you dont need a separate E27 to B22 converter. The bulb glows only in White compared to 16 million colors in the companys earlier models.
Key Target Audience
Smart Bulb Manufacturers, Distributors, Emerging Companies, Research Professionals and End-users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.