Global Outdoor LED Smart Lighting Solution Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Technology;

Wired and Wireless.

By Component;

Hardware, Software, and Services.

By Application;

Street Lighting, Landscape Lighting, Stadium, Parking, Waterways and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn314965435 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Outdoor LED Smart Lighting Solution Market (USD Million), 2021 - 2031

In the year 2024, the Global Outdoor LED Smart Lighting Solution Market was valued at USD 1671.18 million. The size of this market is expected to increase to USD 3256.65 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 10.0%.

The global outdoor LED smart lighting solution market is experiencing rapid growth driven by advancements in smart city initiatives and the increasing demand for energy-efficient lighting solutions. Outdoor LED smart lighting solutions integrate cutting-edge technologies such as IoT (Internet of Things) connectivity and sensors to enhance functionality and efficiency. These systems offer remote monitoring and control capabilities, enabling municipalities and businesses to optimize energy consumption and reduce operational costs.

One of the key drivers propelling market growth is the emphasis on sustainability and environmental conservation. Outdoor LED smart lighting solutions significantly reduce energy consumption compared to traditional lighting systems, thereby lowering carbon footprints and contributing to eco-friendly urban development. Moreover, these systems provide dynamic lighting capabilities, allowing for adaptive lighting adjustments based on environmental conditions, traffic patterns, and user preferences.

The market landscape is also shaped by ongoing innovations in sensor technology and data analytics, which enable smart lighting systems to gather real-time data for better decision-making and improved urban planning. Governments and private sector entities are increasingly investing in smart infrastructure to enhance public safety, reduce light pollution, and create more livable urban environments. As a result, the global outdoor LED smart lighting solution market is poised for substantial expansion, driven by the convergence of technology, sustainability goals, and urban development initiatives.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Technology
    2. Market Snapshot, By Component
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. Global Outdoor LED Smart Lighting Solution Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Efficiency and Energy Savings
        2. IoT Integration and Smart City Initiatives
        3. Enhanced Durability and Longevity
      2. Restraints
        1. Initial Installation Costs
        2. Compatibility and Interoperability Challenges
        3. Security and Privacy Concerns
      3. Opportunities
        1. Growing Urbanization and Infrastructure Development
        2. Advancements in Wireless Communication Technologies
        3. Increasing Demand for Sustainable Solutions
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Compititive Rivalry
  5. Market Segmentation
    1. Global Outdoor LED Smart Lighting Solution Market, By Technology, 2021 - 2031 (USD Million)
      1. Wired
      2. Wireless
    2. Global Outdoor LED Smart Lighting Solution Market, By Component, 2021 - 2031 (USD Million)
      1. Hardware
      2. Software
      3. Services
    3. Global Outdoor LED Smart Lighting Solution Market, By Application, 2021 - 2031 (USD Million)
      1. Street Lighting
      2. Landscape Lighting
      3. Stadium
      4. Parking
      5. Waterways
      6. Others
    4. Global Outdoor LED Smart Lighting Solution Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Philips Lighting Holding B.V.
      2. Acuity Brands, Inc.
      3. General Electric
      4. Osram Licht Ag
      5. Honeywell International Inc.
      6. Cooper Industries, Inc.
      7. Schneider Electric Se
      8. Digital Lumens, Inc.
      9. Streetlight. Vision
      10. Lutron Electronics Company, Inc
  7. Analyst Views
  8. Future Outlook of the Market