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Wireless

Smart-lighting sales to reach USD 21 bln in 2023 - study

Wednesday 13 May 2020 | 09:06 CET | News
Global sales for smart-lighting and connected control systems are expected to reach USD 21 billion in 2023, from 10 billion in 2018, according to the latest study from Omdia. This doubling of sales will be driven by the sale of residential do-it-yourself (DIY) smart lighting systems, if manufacturers can let people know of the technology's benefits. That is the main obstacle, Omdia said, that people lack awareness and appreciation of what smart lighting can provide them, a "critical factor" preventing the business from reaching its full growth potential.

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Categories: Mobile & Wireless
Countries: World
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