Essential Wi-Fi Modules, offering space-saving and affordable solutions, are crucial elements driving the substantial expansion of smart lighting systems.
In the ever-evolving world of technology, one sector that has seen significant growth is the smart lighting market. The surge in demand for connected home solutions and the shift towards energy-efficient LEDs are key factors driving this growth.
Older LED installations are reaching their end-of-life, leading to a surge in secondary replacements. These replacements, in turn, are driving a demand for smart bulbs. The market for smart bulbs is growing rapidly, thanks to the availability of affordable options, priced around $5.
The widespread adoption of smart bulbs requires compact, cost-effective, secure, and durable Wi-Fi modules. Wi-Fi has become the dominant technology for smart lighting due to its ubiquity in homes. This is where companies like Tuya Smart, STMicroelectronics, and Philips come into play.
Tuya Smart, known for its extensive IoT platform and cloud services used by many partners globally, is developing affordable, compact, and cost-efficient Wi-Fi modules. STMicroelectronics offers advanced Wi-Fi 6/Bluetooth 5.4/Thread modules, simplifying next-gen wireless solutions development. Philips, too, is upgrading its smart lighting systems with enhanced Wi-Fi support, indicating in-house development aligned with these qualities.
The use of Wi-Fi technology is dominant in the smart lighting market. These Wi-Fi modules enable manufacturers to scale smart lighting without compromising on performance or user trust. The rapid growth of the smart lighting market is significantly influenced by this shift to energy-efficient LEDs and the demand for connected home solutions.
By 2028, the shift to smart bulbs is expected to drive 78% of LED lighting demand. Millions of smart lighting components require connectivity, making the development and availability of these affordable, efficient Wi-Fi modules crucial.
Smart bulbs can be easily installed and controlled via apps or voice commands, making them an attractive choice for consumers. The convenience and energy efficiency they offer, coupled with the increasing affordability, are expected to continue fuelling the growth of the smart lighting market in the coming years.
