Lighting Control Market Size to Reach USD 57.81 Billion
The market is segmented into LED drivers and ballasts, switches, sensors, dimmers, transmitter and receivers, and others. The switches segment is expected to lead the market as it recorded the highest revenue in 2021. It is also predicted to maintain the dominance due to increasing use of the Internet of Things and connected devices.
According to connectivity type, the market is classified into wired and wireless. Wired segment is anticipated to dominate the market due to its highly technical benefits. The segment is expected to gain more popularity due to the ability to provide fast data communication and smart lighting.
Based on end-user, the market is classified into residential, industrial, commercial, and highways & roadways lighting. Residential segment is anticipated to dominate the market due to high adoption of smart lighting systems, which is expected to drive segment’s growth.
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