Market Overview - The smart lighting market size reached USD 27.52 billion in 2026 and is projected to grow to USD 67.83 billion by 2031, registering a robust 19.77% CAGR during the forecast period [1] - The industry is benefiting from increased investments in smart cities, automation of commercial buildings, and integration with IoT, AI, and cloud-based platforms [2] Key Drivers - Utility-backed efficiency programs are accelerating smart lighting adoption, focusing on lighting upgrades as a cost-effective way to manage demand and stabilize grids [3] - Falling LED prices are improving the return on investment for smart lighting deployments, making high-performance LED fixtures more accessible [4] - The expanding smart-home ecosystem and national net-zero building codes are also driving market growth [6] Adoption Trends - The Asia-Pacific region plays a central role in the smart lighting landscape, supported by large-scale manufacturing capabilities and rapid urban development [12] - Regions like the Middle East and parts of Africa are emerging as faster adopters due to government-led smart city programs [13] Market Segmentation - The market is segmented by product type, installation type, connectivity technology, and end-user categories, including residential, commercial, and industrial applications [8][9]

Group 1 - The 27th China Building Expo (Guangzhou) will open on July 8, organized by the China Foreign Trade Center Group and the China Architectural Decoration Association, covering an area of 300,000 square meters with nearly 2,000 exhibitors and expected to attract over 200,000 domestic and international professional visitors [2] - This year's expo features three main sections: indoor space, doors and windows outdoor, and material intelligence manufacturing, with a new smart lighting exhibition area and the introduction of smart home products, including smart appliances and robots [3] - The expo will host over 70 events discussing opportunities in architectural design and AI, including a high-end residential design trend exhibition for 2025 and a forum on "Building Reconstruction: AI Towards New" featuring experts from the Hong Kong University of Science and Technology [4]