Outdoor Light Emitting Diode (LED) Smart Lighting Solutions Market

By Component;

Software, Hardware and Services

By Communication Technology;

Wired and Wireless

By Application;

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

By Geography;

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

Outdoor LED Smart Lighting Solution Market Overview

Outdoor LED Smart Lighting Solution Market (USD Million)

Outdoor LED Smart Lighting Solution Market was valued at USD 1671.18 million in the year 2024. 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%.


Outdoor Light Emitting Diode (LED) Smart Lighting Solutions Market

*Market size in USD million

CAGR 10.0 %


Study Period2025 - 2031
Base Year2024
CAGR (%)10.0 %
Market Size (2024)USD 1671.18 Million
Market Size (2031)USD 3256.65 Million
Market ConcentrationMedium
Report Pages306
1671.18
2024
3256.65
2031

Major Players

  • Philips Lighting Holding B.V.
  • Acuity Brands, Inc.
  • General Electric
  • Osram Licht Ag
  • Honeywell International Inc.
  • Cooper Industries, Inc.
  • Schneider Electric Se
  • Digital Lumens, Inc.
  • Streetlight. Vision
  • Lutron Electronics Company, Inc

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Outdoor Light Emitting Diode (LED) Smart Lighting Solutions Market

Fragmented - Highly competitive market without dominant players


The Outdoor LED Smart Lighting Solution Market is experiencing significant growth driven by the shift toward energy efficiency and intelligent control systems. Adoption has risen by 38%, with municipalities, businesses, and households preferring smart lighting for cost reduction and sustainability. Nearly 43% of buyers prioritize these solutions for their reliability and automation capabilities.

Key Growth Drivers
The demand is fueled by smart city initiatives, rising focus on sustainability, and advanced lighting management systems. Around 35% of users highlight reduced energy consumption as the primary benefit, while 30% value remote control features. The push for eco-friendly solutions further accelerates market expansion.

Technological Advancements
Innovations in IoT-enabled systems, motion sensors, and cloud-based management have improved efficiency by 33%. Nearly 32% of manufacturers integrate predictive maintenance features, enhancing performance and reducing downtime. These advancements improved consumer satisfaction by 29%, making smart lighting more dependable.

Future Outlook
Manufacturers are scaling investments, with 48% focusing on sustainable production and innovative product pipelines. Smart, solar-integrated, and connected lighting systems grew by 34%, signaling long-term growth. Around 59% of stakeholders expect stronger R&D commitments to drive the future of outdoor smart lighting solutions.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Component
    2. Market Snapshot, By Communication Technology
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. Outdoor Light Emitting Diode (LED) Smart Lighting Solutions 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. Outdoor Light Emitting Diode (LED) Smart Lighting Solutions Market, By Component, 2021 - 2031 (USD Million)
      1. Software
      2. Hardware
      3. Services
    2. Outdoor Light Emitting Diode (LED) Smart Lighting Solutions Market, By Communication Technology, 2021 - 2031 (USD Million)
      1. Wired
      2. Wireless
    3. Outdoor Light Emitting Diode (LED) Smart Lighting Solutions Market, By Application, 2021 - 2031 (USD Million)
      1. Street Lighting
      2. Landscape Lighting
      3. Stadium
      4. Parking
      5. Waterways
      6. Others
    4. Outdoor Light Emitting Diode (LED) Smart Lighting Solutions 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. Signify Holding N.V.
      2. Acuity Brands, Inc.
      3. Osram Licht AG
      4. Honeywell International Inc.
      5. General Electric Co.
      6. Cooper Industries, Inc.
      7. Schneider Electric SE
      8. Digital Lumens, Inc.
      9. Streetlight Vision
      10. Lutron Electronics Company, Inc.
      11. Wipro Lighting Ltd.
      12. Comarch S.A.
      13. Surya Roshni Ltd.
      14. Harvell’s India Limited
      15. Shree Sant Kripa Appliances Pvt. Ltd.
  7. Analyst Views
  8. Future Outlook of the Market