Global Connected Bulb Market 2016-2020

Overview of the global connected bulb market

Connected bulbs are embedded with chips that can communicate with computing devices like smartphones and watches. A major factor that spurs the prospects for growth in this market is the advent of wireless networking technologies. What makes connected bulbs useful is that they have embedded IoT technology, which lets devices and appliances communicate with each other and also with the Internet. Several industry giants have collaborated to provide wireless technology that offers seamless connectivity and operability among IoT-type devices. Technavio’s market research analyst has predicted that the connected bulb market will grow at a phenomenal CAGR of close to 51% during the forecast period.

Because of the rising energy costs, smart homes are very much in demand. Wireless technology helps consumers connect items like thermostats, electric meters, lighting, heating, and appliances to save energy. Connected bulbs work very efficiently and are more durable than incandescent bulbs. These bulbs along with smart appliances offer end users numerous benefits like reduced energy costs, remote access, safety, and a better quality of living. Many power and telecom companies use the ZigBee technology to offer top of the line solutions to customers. Many vendors in this industry are raising project capital through crowdfunding and harnessing consumer interest right from the start, which in turn will augment the prospects for growth in this market until 2020.

Technology-based segmentation and analysis of the connected bulb market

• ZigBee
• Wi-Fi
• Bluetooth

Of the available technologies, the ZigBee technology segment will be the largest market segment during the forecast period and will account for an impressive market share of around 57% by the end of 2020. Since it is a low-power version of Wi-Fi and is ideal for applications like security, controlling temperatures, and remote control, it is the leading wireless technology for connected devices.

Geographical segmentation and analysis of the connected bulb market

• Americas
• APAC
• EMEA

In this market study, analysts have estimated that the Americas will be the largest market for connected bulbs during the forecast period and will account for a market share of more than 40% by 2020. Some of the factors that contribute to this region’s high growth are high internet penetration and the presence of a well-developed IoT infrastructure. In this region, the utility companies are also focusing on adopting advanced metering, which in turn will compel end users to install more smart devices in their homes.

Competitive landscape and key vendors

With a lot of new developments happening in wireless and networking technologies like Bluetooth and ZigBee, the smart device manufacturers are able to offer innovative products like connected bulbs. The global market for connected bulbs is very fragmented due to the presence of a large number of vendors in the market.

Key vendors in this market are -

• Belkin
• Cree
• LiFi Labs
• Osram Sylvania
• Philips
• General Electric

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global connected bulb market?
• What are the key market trends impacting the growth of the global connected bulb market?
• What are the challenges to market growth for connected bulbs?
• Who are the key vendors in the global connected bulb market?
• What are the market opportunities and threats faced by the vendors in the connected bulb market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global connected bulb market?

Technavio also offers customization on reports based on specific client requirement.

Related reports

• Global General Lighting Market 2015-2019
• Global LED Industrial Lighting Market 2016-2020
• Global Packaged GaN LED Market 2016-2020

Connected bulbs are smart bulbs which use light-emitting diodes (LEDs) and various other technologies to offer a degree of control and interactivity. For instance, some of these bulbs feature a collection of colors that can be used for mood lighting, or even synced up with movies and TV shows. Unlike traditional bulbs that are controlled by a light switch or dimmer, some of these smart bulbs are controlled remotely while others are controlled by applications on a customers’ smartphone or desktop. Connected bulbs also use less energy and last a lot longer, thereby helping the user to save money in the long run. Cree, Philips, and LiFi Labs are some of the leading vendors in this market.

The global connected bulb market report is part of Technavio’s hardware and semiconductor research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as computing devices, displays, embedded systems, human machine interface, lighting, semiconductor equipment, and sensors. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.