ams OSRAM sharpens portfolio towards profitability and structural growth

ams OSRAM presents a strategic re-alignment of the group while reporting second quarter financial results in line with the company’s expectation range.

The company is re-focusing its semiconductor portfolio on its profitable core in differentiated, intelligent sensor and emitter components. The non-core and lower performing portfolio with revenues of around EUR 300 to 400 million - including amongst others - passive Optical Components, will be exited.

The automotive and specialty lighting business (Lamps & Systems Segment) with its expanding market leadership position in automotive lamps will continue to contribute meaningfully to the Group’s profitability.

ams OSRAM will expand its leading positions in the relevant automotive, industrial and medical (AIM) semiconductor markets. The Group will continue to pursue specific opportunities in the consumer device semiconductor market in product segments where it can achieve sustainable differentiation through cutting-edge innovation. It will focus its internal manufacturing capability on only those platforms that enable it to sustain differentiation versus competitors.

Going forward, investments in the core business such as high-performance LEDs and lasers, mixed-signal analog ICs and sensors will be strengthened further. The Group will continue selected investments into disruptive, future growth areas, such as microLED, but pursue a more balanced resource allocation between emerging and established opportunities.

Signify reports second quarter sales of EUR 1.6 billion, operational profitability of 8.3%

Signify reports second quarter sales of EUR 1.6 billion, operational profitability of 8.3% and a free cash flow of EUR 88 million

Signify's installed base of connected light points increased from 117 million in Q1 23 to 119 million in Q2 23

“In the second quarter, we saw continued softness in the consumer, indoor professional and OEM channels and a slower than anticipated recovery of the Chinese market. Against this backdrop, our actions to improve gross margin are paying off, although fixed costs reduction plans are not yet fully compensating for the volume decline. While our Digital Solutions and Conventional Products divisions demonstrated resilience in their bottom line, our Digital Products division was more exposed to these challenges,” said Eric Rondolat, CEO of Signify.
 
“The continued economic softness has led us to apply caution in our outlook for the full year and adjust our Adjusted EBITA margin guidance to 9.5-10.5%. On the other hand, our free cash flow generation has and will continue to benefit from supply chain lead time improvements and effective working capital measures. We therefore expect our free cash flow generation to be at the higher end of the 6-8% range. To optimize our global operations, we have begun implementing structural measures to adapt our cost structure to the market environment. These measures will enable enhanced performance and a stronger focus on growth opportunities.”

Global Smart Street Lighting Market 2023: Driven by Product Innovations and Emerging Smart Cities

According to the latest market research report, the smart lights market is projected to grow from $1.77 billion in 2022 to $2.12 billion in 2023, with a compound annual growth rate (CAGR) of 19.4%. Furthermore, the market is expected to reach $4.35 billion in 2027, with a CAGR of 19.8%.

The main types of smart street lighting include light emitting diode (LED), compact fluorescent lamps, incandescent, and others. LED is a semiconductor device that emits light when an electric current flows through it. The various communication technologies used in smart street lighting include NB-IOT, powerline communication, radio frequency, and others. These lighting systems utilize traditional and renewable energy sources, including solar energy. They find applications in environmental monitoring, traffic optimization, smart parking, and other areas, catering to commercial, residential, and industrial end users.

Product innovations are a prominent trend in the smart street lighting market, with major companies focusing on developing innovative solutions to strengthen their market position. For instance, LEDVANCE introduced OSRAM NAV LED, a street lighting lamp that offers reduced running costs compared to conventional high-pressure sodium vapor lamps. The OSRAM NAV LED consumes approximately 52% less energy and provides a lifetime of up to 50,000 hours, resulting in lower maintenance costs. It is compatible with conventional control gear and offers high efficiency and additional dimming capabilities.

In February 2022, GE Current, a Daintree company, acquired Hubbell Incorporated, a manufacturer of smart street lighting, to enhance its distribution capabilities and offer lighting and control solutions with advanced digital technologies.

North America emerged as the largest region in the smart street lighting market in 2022. The report covers key regions, including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries analyzed in the report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and the USA.

The growth of smart cities is significantly contributing to the expansion of the smart street lighting market. Smart cities utilize information and communication technology (ICT) to enhance administrative effectiveness, improve public services, and enhance the welfare of residents. Intelligent lighting installations in smart cities contribute to increased citizen satisfaction, improved security and safety, energy savings, and optimized lighting system maintenance.

Marelli launches h-Digi microLED

Marelli, together with ams OSRAM launches an innovation in automotive front lighting, introducing the h-Digi microLED module, which is now in series production. This digital lighting solution, based on a new type of intelligent multipixel LED, enables fully adaptive, dynamic headlight operation and image projection, while being an affordable technology, available for a wider range of vehicles.   

The new high-resolution module h-Digi microLED is based on a matrix illumination system – featuring around 40,000 LED pixels (20,000 per lamp). This intelligent solution manages the LEDs selectively to create very flexible low-beam and high-beam light distributions, adapting to various driving situations: Town, Country, Motorway or Adverse weather light options can be realized. It also provides dynamic curve light and very precise glare-free high beam block out zones, to avoid blinding oncoming drivers. Furthermore, in terms of safety, the Marelli h-Digi® microLED can project warnings or driver assistance images on the road, directly in the driver's field of view. Other advantages include the extremely compact design and high energy efficiency.

The Marelli microLED system is based on ams OSRAM's light source EVIYOS® 2.0. Its combination with a special optical lens system and a new electronic control engineered by Marelli's Automotive Lighting & Sensing division, enables the enhanced level of adaptability of the illumination field. This is the first time that LEDs with a size of 40 µm x 40 µm are introduced as pixel elements in vehicle headlamps. With EVIYOS® 2.0, ams OSRAM made this technology available for the automotive use, which was a decisive factor for the Marelli-ams OSRAM partnership in this project.

With pixels smaller than 0,1 degree, the resolution of this illumination matrix system is 10 times more precise than conventional LED glare-free high beam systems, which are currently on the road. Two micro-LED options are available: an aspect ratio of 1:4, resulting in 25,600 pixels, or an aspect ratio of 1:3, providing 19,200 pixels per lamp.

First Color-Matching Gaming Light Strip for PCs

Govee, an innovator in the smart lighting and smart home industry, announced its first-ever PC color-matching light strip, the Gaming Light Strip G1.

This solution was created for gamers who crave full immersion into their gameplay. Using Govee's proprietary PC color-matching VibraMatch technology, G1 captures and mirrors on-screen color transitions for both a vibrant and interactive gaming experience. With over 100 preset lighting effects and compatibility with the wider Govee ecosystem, G1 is set to redefine gaming ambiance.

Govee is a pioneer in color-matching technology – from proprietary solutions such as CogniGlow which uses an AI algorithm paired with HDMI connectivity, to Envisiual which uses a camera for real-time visual effects. With the G1,

For 4K (3840x2160) screens, the G1 is capable of capturing nearly 970,000 pixel points per area. Additionally, the technology intelligently divides and filters RGB values, emphasizing essential colors while excluding irrelevant hues. This rich, engaging color reproduction capability is what differentiates the G1 from other solutions available.

At the core of this innovation is Govee Desktop DreamView, designed to offer users seamless lighting synchronization and captivating effects. Users can connect the effects of lighting across up to 10 Govee devices with just a single click. The effects combined with a simplified setup process create the ultimate atmosphere for users.

The Govee Gaming Light Strip G1 delivers 360° four-sided color-matching. This feature guarantees comprehensive and complete capture of on-screen color changes. The Govee Gaming Light Strip G1 is also equipped with high-density LED light beads with 60 beads per meter and only a 0.67-inch gap between each bead. This allows for greater brightness and an evenly distributed light output for smooth and seamless effects.

MICLEDI Showcases Best-in-Class microLEDs at SPIE Optics + Photonics

Next month at SPIE Optics + Photonics 2023, MICLEDI Microdisplays, recognized by EE Times as a Silicon 100: Startups Worth Watching in 2023, will be on hand to demonstrate its portfolio of microLED (µLED) arrays. A leading technology company in the field of µLED displays for high def, ultra-compact displays, MICLEDI has optimized the chemistry and physics of each individual color and has created arrays that enable the highest brightness of any of the alternative solutions in the market today.

Held from August 20-24 in San Diego, California and hosted by SPIE, the International Society for Optics and Photonics, the event brings together experts working on a broad range of cutting-edge optics and photonics-based products – including the latest components, devices and systems.

MICLEDI demonstrations will be given in the company’s booth #714 from August 22-24 at the San Diego Convention Center and will feature blue, green and red µLED arrays with brilliant color and luminance. These demonstrations will highlight excellent color performance in each color point across the full range of drive currents. MICLEDI microLEDs are designed for a variety of AR display appliances that demand ultra-compact display modules.

Firmware Update Now Available to Enable Matter Support for Decora Smart Wi-Fi 2nd Gen Dimmers, Switches and Smart Plugs via My Leviton App

Leviton now offers Matter support for the Decora Smart Wi-Fi 2nd Gen 600W Dimmer, 15A Switch, Mini Plug-In Dimmer and Mini Plug-In Switch. Using the My Leviton app, customers will be able to easily enroll directly in Leviton's Matter Early Access Program. Once enrolled, Matter firmware can be downloaded to their devices.

With the update, existing and new My Leviton users can connect their Decora Smart Wi-Fi 2nd Gen Dimmer, 2nd Gen Switch, 2nd Gen Mini Plug-In Dimmer or 2nd Gen Mini Plug-In Switch locally to any Matter-enabled smart home platform of their choice including Amazon Alexa, Google Home®, Apple Home, Samsung SmartThings and more.

With the firmware update, existing and new My Leviton users can connect their Decora Smart Wi-Fi 2nd Gen Dimmer, 2nd Gen Switch, 2nd Gen Mini Plug-In Dimmer or 2nd Gen Mini Plug-In Switch locally to any Matter-enabled smart home platform of their choice including Amazon Alexa, Google Home®, Apple Home, Samsung SmartThings and more.

The easy enrollment and interoperability available through Matter will provide a simplified experience for device owners to connect to their smart home systems of choice. Additionally, all customers can continue to enjoy using the My Leviton app, which offers a wide range of features and customization – from tuning the lighting control performance of bulbs and fixtures with fade rates, preset light levels and minimum/maximum dim/bright adjustments, to night settings, away mode, custom dashboards and more. The My Leviton app also facilitates setup and control of Leviton Smart Circuit Breakers and EV Series car chargers, creating an energy management platform and unified experience.

UV Lamp Market to grow at a CAGR of 20.41% from 2022

The UV lamp market size is estimated to grow by USD 3,247.97 million from 2022 to 2027. The market is estimated to accelerate at a CAGR of 20.41%, according to Technavio. The growing competition in the market is compelling vendors to adopt various growth strategies, such as promotional activities and spending on advertisements to improve the visibility of their services.

 Traditional UV lamps require secondary lenses as they have space and light limitations, whereas UV lamps eliminate the requirement for such secondary lenses. Even though the initial cost of UV lamps is high, they have a significantly long lifespan when compared to traditional mercury lamps. As a result, there is an increasing adoption of UV lamps among consumers in the market. Furthermore, several device manufacturers are exploring new market opportunities by offering new features due to the low cost of ownership of UV LED lamps. As a result, this enhances the relationship with existing customers, which will positively impact market growth. Hence, such factors are expected to drive the UV lamp market growth during the forecast period.

. There is an increasing restriction on the use of mercury-based lighting solutions, such as incandescent lamps, across several countries due to its various environmental concerns. As a result, it has led to the declining adoption of mercury-based UV lamps, which in turn fuelled the increased adoption of UV LEDs in these countries. One of the main advantages of UV LEDs is that they are mostly eco-friendly and are non-hazardous, as these LEDs are free of ozone and mercury. Additionally, some benefits of UV LEDs include energy-saving features and other properties that improve sustainability. As a result, there is increasing adoption of UV LED technology to minimize power supply costs and comply with the changes in legislation.

LED sales specialists Marco Priebe joins PPDS

PPDS, the exclusive global provider of Philips digital signage, interactive displays, direct view LED and professional TVs, announced the appointment of experienced LED specialist, Marco Priebe, as the company’s new Key Account Manager and Business Development Manager LED for the DACH market.

With more than 23 years of top-level LED sales experience, Priebe is one of the industry’s most accomplished talents, having held a series of senior management positions, delivering success to some of the world’s most established and recognised brands during an illustrious career. This includes 16 years as Key Account Manager at Philips Lighting (2000-2016) and Philips CSS (1998-2000).

Based in Hamburg, and reporting to Rainer Bloch, Business Director DACH, Marco’s vast knowledge and experience will play a crucial role in further developing and advancing PPDS’ LED market strategy and growth ambitions in DACH, which remains one of the company’s faster growing adoptive markets.

Equipped with an evolving range of high impact, high bright and highly flexible Philips dvLED solutions – including dedicated software – PPDS has become the ‘go-to’ provider for a growing number of customers in a widening range of markets, completing national and international projects in retail, corporate, education, public venues, transportation, and hospitality, among others.

With a primary focus on the German, Austrian and Swiss markets, Marco’s key responsibilities in the role include achieving sales and margin targets, developing, implementing, and executing new sales and marketing strategies, driving brand and product awareness in the AV channel and to prospective customers, and educating the market on PPDS’ sustainability strategy.
 

Principal LED of San Angelo Expands With Acquisition of Sloan LED

Principal Industries, a provider of electrical components and services to the commercial LED sign industry, recently announced the acquisition of Sloan LED, a California-based specialist in highly engineered LED solutions to the signage, retail, hospitality, and petroleum markets.

This acquisition strengthened and diversified Principal’s product portfolio in new and existing end markets while expanding its footprint in and outside North America.

Principal Sloan has begun the process of expanding their San Angelo operations into a facility located at 3669 Porter Henderson Drive, in the Chaparral Commercial Center.

Maryland Athletics Announces Upgrades to Lighting at SECU Stadium

The University of Maryland Athletics will unveil a new state-of-the-art LED lighting system at SECU Stadium this season. The custom-designed Total Light Control—TLC for LED system provided by Musco Lighting will provide elevated light levels on the field and is equipped with color-changing lights and a variety of Show-Light Pro Venue special effects features12.

The lights will enhance the entire game experience including increased visibility for the players and fans alike along with energizing special effects technology for the games. Choreographed LED lighting sequences will be added to key moments during home games at SECU Stadium.

Maryland Athletics has developed a deep relationship with Musco, which previously provided lighting solutions for Maryland Softball Stadium, Bob “Turtle” Smith Stadium, the XFINITY Center and Ludwig Field12.

Smart Lighting and Control Systems Global Market is Projected to Reach $153.7 Billion by 2030

The global market for Smart Lighting and Control Systems estimated at US$42.4 Billion in the year 2022, is projected to reach a revised size of US$153.7 Billion by 2030, growing at a CAGR of 17.5% over the analysis period 2022-2030.

Light Emitting Diodes (LEDs), one of the segments analyzed in the report, is projected to record a 20.7% CAGR and reach US$117.7 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Fluorescent Lamps segment is readjusted to a revised 6.8% CAGR for the next 8-year period.

The U.S. Market is Estimated at $10.1 Billion, While China is Forecast to Grow at 21.9% CAGR

The Smart Lighting and Control Systems market in the U.S. is estimated at US$10.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$26.6 Billion by the year 2030 trailing a CAGR of 21.9% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 14.5% and 16% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 15.6% CAGR.

Environmental Lights Announces the Acquisition of City Theatrical

Environmental Lights has acquired City Theatrical, Inc and City Theatrical, Ltd (UK). The acquisition continues Environmental Lights' growth trajectory as it expands its footprint and product offerings in the scenic market.

City Theatrical, based in Carlstadt, New Jersey, has been servicing the scenic and theatrical markets for over 37 years. Its Multiverse© Wireless DMX technology is widely accepted as the standard in live performance globally, serving both Broadway and West End theatrical productions.

The acquisition of City Theatrical solidifies Environmental Lights' position as a leading entertainment lighting supplier and presents a dynamic upside for customers of both companies.

City Theatrical will continue business under the City Theatrical brand as part of the Environmental Lights family, and City Theatrical's executive leadership and team will remain unchanged.

Grow Light Market size to grow by USD 7,472.08 million from 2022 to 2027

The grow light market is set to grow by USD 7,472.08 million from 2022 to 2027. The market is estimated to be progressing at a CAGR of 15.76% during the forecast period.

Urban agriculture, such as vertical farming in countries such as the US, Canada, and the Netherlands, is in high demand, which drives market growth. To reduce the dependency on natural light sources, grow light solutions are being increasingly adopted in urban agriculture projects. Additionally, as a result of the rapid advancement in LED growth lights, farmers can replicate natural light wavelengths and color components to ensure fertile plant development. Hence, such factors boost the market growth during the forecast period. -Here is an Exclusive report talking about Market scenarios with a historical period (2017-2021) and the forecast period (2023-2027). Download Sample Report in minutes!

The application of grow lights in plant disease detection and monitoring is an emerging trend shaping the market. Vendors increasingly focus on investments in R&D and technology to expand the applications and functionalities of grow lighting solutions to various aspects of plant growth. For instance, in July 2019, LumiGrow announced the launch of a product line of early disease detection sensors and services. Optimization of disease management processes, reduction of losses in terms of yield, and monitoring of treatment effectiveness related to plants are some of the key features of LumiGrow. Hence, such trends are expected to drive the global glow light market growth during the forecast period.

High ownership costs for grow lights are challenging the grow light market growth. The upfront cost associated with the setup and installation of grow light solutions for horticultural applications is considerably high compared to traditional incandescent bulbs. The type of glow lights changes the variability of the challenges. For instance, End-users' installation of HPS grow lights may incur additional costs to the end-user due to the requirement of additional grow fans and blowers to manage the heat. Hence, such challenges are expected to hinder the global glow light market growth during the forecast period.

Rainer Irle officially joins ams OSRAM as CFO

ams OSRAM announces that Rainer Irle has started in his role as the CFO of ams OSRAM. He was named to the role in March 2023.

Before joining ams OSRAM, Rainer held the position of CFO at Siltronic AG, one of the world’s largest manufacturers of hyperpure silicon wafers for the semiconductor industry. A long time veteran of the semiconductor industry, he held various finance executive management roles within Siltronic and Wacker Chemie AG and was instrumental for establishing Siltronic as a listed company in the German MDax.

ams OSRAM combines light sensing and emitting to make journeys safer, medical diagnoses more accurate, industrial applications more efficient and everyday moments of communication a richer experience.

Nothing Phone 2 Gets LED Evolution

We're weeks away from the release of the Nothing Phone 2. Aside from swapping out the old phone's black rear cover for a gray one, the biggest change to the Nothing Phone 2's design is in the LEDs, which are still in the same general glyph shape as the original, but split apart into many smaller ones. To wit, the Nothing Phone 1 had 12 LEDS on the back, while the new one has 33, which can still be programmed using the phone's software.

Vishay introduced IR Sensor Modules for outdoor sensor applications

Vishay Intertechnology has introduced two new fixed-gain infrared (IR) sensor modules designed to lower costs and increase stability for outdoor sensor applications.

The devices are ideal for sensing the distance to objects for toys, drones, robots, and vicinity switches presence detection for traffic control lights and parking lot, gateway access, and water level sensors and light barriers for sports racing and lawnmower robots.

Offering typical irradiance of 1.3 mW/m² in compact Minimold packages, the surface-mount TSSP93038DF1PZA and leaded TSSP93038SS1ZA provide robust operation in direct sunlight while still providing enough sensitivity for light barrier applications.

Unlike high sensitivity fixed-gain IR sensor modules that require attenuators like dark panels, apertures, and sunshades to protect them against sunlight — adding to overall solutions costs — the controlled sensitivity of the Vishay Semiconductors devices released today allows them to operate in full sunlight without unwanted pulses. In addition, for short range presence and proximity applications, the sensors’ reduced sensitivity eliminates the need for extremely low emitter forward currents, which can lead to unstable intensity outputs.

The TSSP93038DF1PZA and TSSP93038SS1ZA operate over a supply voltage range from 2.0 V to 3.6 V, feature a low supply current of 0.35 mA, and are sensitive to a carrier frequency of 38 kHz. Designed to receive IR pulses from an emitter with a peak wavelength of 940 nm, the devices are insensitive to ripple noise on the supply voltage and provide shielding against EMI, while an IR filter suppresses visible light. The modules are RoHS-compliant, halogen-free, and Vishay Green.

Exploring The Tech Behind Concert LED Wristbands

LED wristbands are now a common feature of large arena concerts and events, with a variety of capabilities and technical implementations. In the video after the break, Wall Street Journal does a fascinating deep dive into these wearable light shows.

Mojo Vision Develops First 300mm GaN-on-Silicon Blue LED Wafer for Micro-LED Display

Mojo Vision, the high-performance micro-LED company, announced an important development and process milestone with the successful light-up of the first-ever 300mm blue GaN-on-Silicon micro-LED array wafer. This accomplishment marks important progress towards maturing micro-LED manufacturing at state-of-the-art 300 mm CMOS fabs. This is Mojo Vision’s fourth world record in the past five years for the display industry, after setting records for the world’s smallest, densest dynamic display including 14k pixels per inch (PPI), 20k PPI and 28k PPI.

Micro-LEDs provide critical performance, efficiency and form-factor advantages essential to applications in extended reality (XR), wearables, automotive, consumer electronics, and high speed communication. Mojo Vision overcame extensive supply chain and wafer qualification issues, such as wafer bow and contamination concerns, to get GaN-on-Silicon wafers allowed into the 300mm facility.

Mojo Vision has received over $22.4 million in new Series A funding at initial close, accelerating the proper development and commercialization of the world’s smallest, densest micro-LED display technology for consumer, enterprise and government applications.

Targus Announces Availability of its UV-C LED Disinfection Light to Automatically Disinfect High-Touch Surfaces

Targus, the number one laptop case brand in the US and Canada1 and a leader in laptop cases and mobile computing accessories, announced that its CES 2021 Innovation Awards Honoree2, the UV-C LED Disinfection Light, is now available for sale. This essential no-touch solution helps reduce pathogens on device surfaces by utilizing UV-C Light technology, which breaks down the DNA of microorganisms.

Sleek, modern, and lightweight, the Disinfection Light is designed to stand between your keyboard and monitor on the desktop to automatically disinfect the surfaces of keyboards, mice, and other items within the disinfection range3, reducing the need for manual intervention, cleaning, or touching.

The UV-C LED Disinfection Light effectively kills or inactivates pathogenic microorganisms. Third-party laboratory testing verified efficacy against Flu Virus (H1N1 Influenza), Staph (Staphylococcus aureus) Bacteria, Pneumonia (Klebsiella pneumoniae) Bacteria, and MRSA (methicillin-resistant Staphylococcus aureus) Bacteria. The Targus UV-C LED Disinfection Light runs for 5 minutes, every hour, to clean the active disinfection area. When the disinfection cycle begins, the light emits a purple ambient hue, indicating that it is in use.

AC-powered, the disinfecting occurs automatically, so there is no manual cleaning schedule to maintain. Manual cleaning, however, can be initiated with the press of a button, allowing 15 seconds for the individual to leave the active area. There is a built-in auto shut-off safety feature that utilizes motion sensors. Should any motion be detected within the safety zone4, outside of the active cleaning area, or if the device senses any activity within the safety zone, the UV-C LEDs will be automatically disabled. After 5 minutes of inactivity, the Light will resume its disinfection cycle.

The UV-C LED Disinfection Light (AWV339TT) can be purchased in the US on Targus.com and through authorized resellers.

Innovative Lighting Celebrates 30 Years of Pioneering LED Technology

Innovative Lighting, one of the first LED fixture manufacturers in the United States, is excited to continue its commitment to pioneering innovative LED technology as it celebrates 30 years of transformation.

When the company first opened its doors in June 1993 in the heart of the Silicon Prairie, it offered one product: a retractable stern light for marine applications. Today, Innovative Lighting provides design, engineering, manufacturing, and support for LED solutions across five divisions: Marine, Truck & Trailer, Commercial, Refrigeration, and GENISYS PoE Lighting.

Over the past three decades, Innovative Lighting has built a repertoire of more than 40 patents covering innovations that range from proprietary optics to innovative ways to light state-of-the-art commercial buildings while saving energy. Its intelligent GENISYS PoE Lighting system is changing the LED world with smart technology that powers, controls, and monitors lighting systems using a safe, low- voltage Ethernet cable. This provides enormous potential for energy and cost savings, reducing energy use by up to 90% compared to traditional lighting.

Global agricultural lighting market is projected to grow from USD 11.8 billion in 2023 to USD 21.4 billion by 2028

The LED technology segment is projected to grow by light source at the highest CAGR from 2023 to 2028 for the agricultural lighting market.LED lighting allows precise control over the light spectrum, enabling growers to tailor the light output to specific crop requirements.

Different stages of plant growth, such as vegetative growth and flowering, benefit from different light spectra.LED technology enables the customization of light wavelengths to optimize plant growth, yield, and quality.

LED lighting offers dimming capabilities, allowing growers to adjust the light intensity according to the crop’s needs. This flexibility facilitates precise control over light levels, mimicking natural light variations and providing optimal conditions for photosynthesis and plant development.

The software segment is projected to grow at the highest CAGR during the forecast period.Software-driven agricultural lighting systems collect data on lighting performance, energy consumption, and crop responses.

Analyzing this data provides valuable insights into crop growth patterns, lighting efficiency, and resource allocation. With data-driven decision-making, farmers and growers can optimize their lighting strategies, identify improvement areas, and maximize operational efficiency.

Rising demand for below 50W lighting product segment during between 2023 and 2028
The below 50W segment provides affordable entry-level solutions for small-scale and novice growers starting their agricultural operations. These cost-effective lighting options enable newcomers to invest in lighting systems without significant upfront expenses, making it easier to enter the market and establish their agricultural setups.

Increasing demand for new installations to witness larger market share in 2023
Farmers and growers are increasingly recognizing the significant impact of lighting on crop growth, yield, and quality.Proper lighting is vital in optimizing photosynthesis, promoting plant development, and influencing plant physiology.

As awareness of the benefits of specialized lighting solutions spreads, there is a rising demand for new installations of agricultural lighting systems.

Increasing demand for online/e-commerce sales channel due to increased convenience during the forecast period
Online platforms provide detailed product information, specifications, and customer reviews.Farmers and growers can gather comprehensive information about different lighting solutions, compare features, and read feedback from other customers.

This helps make informed purchasing decisions based on the specific requirements of their agricultural operations. With the availability of internet access increasing in rural areas worldwide, buyers will find it easier to buy products online, which will further lead to the growth of the online/e-commerce segment.

Rising requirement of fresh farm food will tend the horticulture segment to witness highest CAGR during the forecast period
The horticulture segment is projected to grow at the highest CAGR during the forecast period.Increased food demand across the world with the increasing global population will lead to the growth of this segment.

Growth of horticulture lighting in the agricultural lighting market is driven by the growing adoption of controlled environment agriculture, the awareness of crop-specific lighting requirements, advancements in LED technology, the focus on crop quality and yield, market demand for locally grown and specialty crops, environmental benefits and sustainability, technological advances, and government support. These factors collectively contribute to the expanding scope and opportunities in the horticulture lighting sector of the agricultural lighting market.

Asia Pacific is projected to become the largest geographical market between 2023 and 2028
APAC is projected to hold the largest market for agricultural lighting market during the forecast period.This can be attributed to its continuously increasing population, leading to rising food demand from Asia Pacific.