Lucintel's latest market report analyzed that smart lighting fixture provides attractive opportunities in commercial and residential applications. The smart lighting fixture market is expected to reach $3.3 billion by 2028 with a CAGR of 5.4%. In this market, offline is the largest segment by distribution channel, whereas commercial is largest by application.

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Based on distribution channel, the smart lighting fixture market is segmented into offline and online.. The offline segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to because specific advices from experts help in choosing the best products at offline places.

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The Smart Lighting Fixture Market is marked by the presence of several big and small players. Some of the prominent players offering smart lighting fixture include Acuity Brands, Lutron Electronics, Zumtobel Group, Leviton Manufacturing, and OSRAM GmbH.

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