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Lighting Market size to increase by USD 62.8 Billion between 2024 to 2029, Market Segmentation by Application, Type, Geography, Technavio

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NEW YORK, Jan. 8, 2025 /PRNewswire/ — The global lighting market size is estimated to grow by USD 62.8 billion from 2025 to 2029, according to Technavio. The market is estimated to grow at a CAGR of 7.4% during the forecast period. The report provides a comprehensive forecast of key segments below- 

Segmentation Overview

Application 1.1 General lighting1.2 Automotive lighting1.3 BacklightingType 2.1 LED technology2.2 Traditional technologyGeography 3.1 APAC3.2 Europe3.3 North America3.4 Middle East and Africa3.5 South America

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1.1 Fastest growing segment:

The general lighting market encompasses various lighting solutions including lamps, electronics, consumer luminaires, systems, and professional luminaires and systems. This segment is the most widely used in residential, commercial, and industrial applications such as homes, offices, factories, streets, stadiums, and theaters. Market leaders like Signify NV, OSRAM, and IDEAL INDUSTRIES Inc’s Cree dominate this segment. The introduction of LED technology has significantly boosted the general lighting market. LEDs offer several advantages over traditional lighting sources, including low maintenance cost, long lifespan, energy efficiency, and eco-friendliness. The continuous price reduction of LEDs further enhances their appeal. Developed countries are witnessing the trend of connected lighting, where lighting fixtures can be controlled via smartphones. Although not yet mainstream, this innovation will add a new dimension to the general lighting segment, contributing to the growth of the global lighting market.

Analyst Review

The lighting market encompasses various applications of light for interior designing, photography, and scientific research. LED lights have revolutionized the industry with their energy efficiency and long lifespan, replacing traditional incandescent bulbs and Compact Fluorescent Lights (CFLs). Scientists continue to explore the properties of white light, impacting electricity consumption and energy costs. Metals play a crucial role in lighting production, while electricity is the primary power source. LEDs are not just limited to residential and commercial use but also extend to automotive headlamps, aviation, advertising, and traffic signals. The Biden Harris Administration’s focus on energy efficiency and sustainability further boosts the market growth. The Color Rendering Index (CRI) is a critical factor in evaluating the quality of light for various industries, including horticulture and medical devices. Building automation systems, HVAC, security, and smart lighting solutions are integral components of modern infrastructure. LED lighting and CEA systems are at the forefront of innovation, offering advanced features and energy savings. Camera flashes and lighted wallpapers cater to niche markets, while the horticulture sector benefits from specialized grow lights.

Market Overview

The lighting market encompasses various applications, from interior designing and photography to scientific research and automotive industries. Lighting solutions range from LEDs to traditional incandescent, CFL, LFL, HID, and halogen bulbs. Scientists continue to innovate, developing energy-efficient luminaires and light control systems. Plants and urban cities benefit from LEDs, while developing and under-developing nations explore off-grid solar sector solutions. Effective manufacturers produce cost-effective, energy-efficient LED fixtures for residential and commercial sectors, including houses, malls, stores, restaurants, hospitals, schools, parking lots, and real estate. Solar and semiconductor industries play crucial roles in reducing electricity consumption and environmental degradation. Smart LED bulbs and outdoor lighting systems, along with building automation systems, HVAC, and security, contribute to energy efficiency and environmental sustainability initiatives. The Biden Harris Administration smart cities, energy efficiency, and environmental sustainability, while various industries, including aviation, advertising, and medical devices, utilize specialized lighting solutions.

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Key Topics Covered:

 1 Executive Summary
 2 Market Landscape
 3 Market Sizing
 4 Historic Market Size
 5 Five Forces Analysis
 6 Market Segmentation
 7 Customer Landscape
 8 Geographic Landscape
 9 Drivers, Challenges, and Trends
10 Venodr Landscape
11 Vendor Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Sensory Pioneer AAC Technologies Unveils Comprehensive Advanced Solutions at CES 2025, Raising the Bar for the Industry

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LAS VEGAS, Jan. 10, 2025 /PRNewswire/ — Leading the way in sensory experience, AAC Technologies showcased new experiences in sensory interaction across visual, audio, and haptic aspects of the digital world at CES 2025, the world’s largest consumer electronics and technology event. AAC’s comprehensive solutions in smart automotive, acoustics, haptics, XR, optics, precision manufacturing, micro-motors, VCM, sensors and semiconductors were all on display. With a range of self-developed products and solutions catering to all devices and processes, AAC has once again set new industry standards.

AAC’s acoustic solutions extend across a variety of smart devices, including smartphones, foldable phones, XR headsets, and laptops. At CES 2025, AAC presented several industry-first, self-developed solutions to elevate the acoustic experience for users. The coaxial speaker stereo solution has successfully miniaturized Hi-Fi technology. As the AAC’s first full-frequency miniature speaker, the Ultimate Speaker delivers enhanced frequency extension for a broader sound spectrum and precise stereo positioning, and is now in mass production for leading flagship smartphones. The AAC ultra-clear speaker overcomes the constraints of typical laptop solutions by directly mitigating vibration at the source, achieving superior vibration reduction in limited space. Additionally, AAC displayed a range of commercially available innovations, such as ultra-thin speakers, Whisper speakers, and Combo solutions.

In the realm of haptics, AAC is committed to expanding the haptic ecosystem, delivering quality haptic experiences across a wider range of devices and applications. This includes RichTap AI Vibration Solutions for mobile phones, RichTap Watch Solutions, RichTap Gaming Console Solutions, and innovative Side Button Solutions, all providing an integrated hardware-software experience with high-quality haptics for users. A highlight of the event was AAC’s introduction of a compact yet powerful linear actuator. Additionally, the Auto Flip solution for foldable phones offers a new way to interact with mobile devices. The showcase also featured micro high-thrust stepper motors and high-precision coreless motors, enhancing the capabilities and user experience of robots.

In the micro-motor sector, AAC has launched a variety of high-performance rotary motors and innovative composite drive modules. These solutions encompass finger actuators tailored for robotic dexterous hands, as well as rotary and linear actuators for joints and moving parts. Their applications span across a wide array of devices, including smartphones, game controllers, AR/VR glasses, and robots. These advancements are primed to boost the user experience of smart devices.

In the VCM domain, AAC showcased optical stabilization and telephoto solutions, enhancing the photography experience for smartphones, tablets, and computers. With decades of acoustic expertise, AAC’s voice coil motor design and production processes are industry-leading, and highly automated production ensures consistent product performance.

In precision manufacturing, AAC has extensive experience in consumer electronics components, thermal management, folding phone hinges, and antennas, all of which are in the industry’s top tier. The LHP VC cooling technology features a gas-liquid separation channel, enabling a smooth unidirectional heat conduction circuit and improving cooling efficiency.

In optics, AAC Optics covers the development and production of WLG glass lenses, optical lenses, camera modules, and micro-nano optical components. Its self-developed WLG glass lenses and hybrid glass-plastic lens products are industry-leading, offering superior performance in refractive index, dispersion, reliability, and thermal stability, and are capable of mass production. Additionally, AMOT, a new subsidiary of AAC Optics (formerly CDA), exhibited a range of diffractive optical elements and AR-HUD light diffusers suitable for automotive, robotic vacuum cleaners, projection, XR, and other fields.

In the XR field, AAC offers high-quality VR Pancake optical modules, a single-layer full-color diffractive optical waveguide developed with Dispelix, and compact full-color Micro LED optical modules. Notably, high-end AR and AI smart glasses for leading clients globally have successfully achieved mass production, integrating AAC’s self-developed comprehensive AI smart glasses solutions with high-performance computing platforms, superior video performance, high-quality audio, and excellent audio pickup capabilities. This outstanding performance is attributed to AAC’s vertical integration of components that enhance user sensory experiences, such as cameras, speakers, and audio pickup solutions.

In the sensors and semiconductors sector, AAC highlighted products such as the 70dB+ high-performance analog microphone, Windtalker digital microphone, bone conduction microphone, and hearing aid microphone. For MEMS speakers, the SOPRANO PRO made its market debut, featuring a smaller size and improved performance compared to the previous models. The VACC product also made its debut, known for its low noise and high integration, making it suitable for TWS and automotive road noise cancellation systems. Additionally, the showcase included high-precision barometric and waterproof pressure sensors, as well as combo units that integrate analog/digital microphones and pressure sensors, along with a full suite of RF modules. AAC continues to provide competitive services in consumer electronics, automotive, smart wearables, robotics, and IoT, creating a premium consumer experience.

For smart automotive, AAC introduced its next-generation cockpit experience solutions, providing comprehensive audio, visual, and haptic solutions for automakers and Tier-1 smart car suppliers. In the realm of automotive acoustics, AAC set up a state-of-the-art 7.1.4 listening room at the event, showcasing its self-developed advanced automotive audio algorithms such as Independent Sound Zones, NLC PRO (distortion suppression), Audio Track Separation, Virtual Surround (Plus), Virtual Venue, and 3D Chime. In collaboration with Premium Sound Solutions (PSS), a world-leading provider in acoustic components and sound systems, AAC has presented an array of top-tier offerings, including automotive speaker products and solutions, which garnered significant attention. In terms of automotive haptics, the RichTap haptic seat solution made its debut, offering multi-modal interaction experiences. This enhances driving alerts, entertainment, engine simulation, and meditation spaces, providing a more peaceful and personalized experience. For automotive optics, AAC showcased its full range of automotive lenses and camera modules, delivering comprehensive visual solutions to ensure safety and intelligent driving. AAC also presented a variety of automotive-grade microphones and modules, catering to diverse in-car and out-of-car voice interaction scenarios, thereby enhancing the in-vehicle voice experience. Furthermore, AAC displayed three high-performance MEMS Inertial Measurement Unit (IMU) modules, offering high precision and stability for advanced driver assistance and autonomous driving. The event also featured automotive motor products, including linear control braking and steering motors, as well as seat brushless motors, which significantly improve the driving experience.

AAC Technologies is dedicated to creating sensory experiences that are accessible and enjoyable for all. Over the past three decades, AAC has consistently focused on innovation, aiming to enhance sensory experiences for a broader audience. The company has now established itself as a leader in sensory experience solutions, with 18 global R&D centers and over 14,000 patent applications. AAC has a strong competitive edge in various fields, including acoustics, optics, haptics, sensors and semiconductors, and precision manufacturing. Moving forward, AAC will continue to leverage its leadership to make digital experiences more realistic and immersive, particularly in terms of visual, audio, and tactile aspects, and to provide a more comfortable and effortless driving experience in the era of smart technology.

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Huawei and IUCN Launch Tech4Nature Project to Protect Kenya’s Coral Reefs

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NAIROBI, Kenya, Jan. 10, 2025 /PRNewswire/ — Huawei, International Union for Conservation of Nature (IUCN), and local partner Kenya Wildlife Service (KWS) have launched a Tech4Nature project to monitor and protect coral reef and biodiversity in Kenya’s Kisite-Mpunguti Marine Park and Reserve.

Aligned with Huawei’s TECH4ALL initiative and the IUCN Green List, the objective of the three-year project is to strengthen monitoring and management efficacy of the protected area. Located on the southern coast of Kenya, Kisite-Mpunguti Marine Park and Reserve faces a number of nature conservation challenges. These include:

Illegal fishing and insufficient human resources to effectively patrol the area.A lack of remote monitoring of the reserve’s three coral islands coupled with pressures created by tourism, as the fringing reefs are popular diving sites.Limited community awareness of the importance of reef and biodiversity protection.Insufficient communications network infrastructure for underpinning tech-driven monitoring.

“Tech4Nature is an expansive project that falls under Huawei’s digital inclusion initiative TECH4ALL, where we look at ways to implement technology and innovation in various sectors of our day today life and improving global standards and ensure that we have a sustainable way of life in the world,” said Khadija Mohamed, Director of Media and Government Relations for Huawei Kenya.

Underwater cameras, photogrammetry, and audio monitoring technologies will be deployed to monitor marine life, including the biomass and population of parrot fish. In many coral reef ecosystems, parrot fish are a keystone species that, due to their diet, help prevent coral from being smothered by seaweed and algae. The solution will also monitor substrate cover in the reef ecosystems, seagrass cover, and the occurrence of green turtles and bottlenose dolphins, which are classified on the IUCN Red List as endangered and vulnerable, respectively.

“The technology we are introducing is a groundbreaking development for marine conservation in Kenya. It will serve as the first monitoring tool for data collection, analysis, and management in a marine protected area. Additionally, this innovation presents an opportunity to assist the park in attaining IUCN Green List certification, aligning with the sustainability goals valued by tourists and ensuring that future generations can continue to benefit from our marine parks,” said Innocent Kabenga, Country Representative for the IUCN Kenya Country Office.

AI trained to recognize specific target species by sight or sound will provide real-time data-driven insights into the behaviors, populations, and distribution of biodiversity in the reserve and reef ecosystem. The system will also be able to identify boats used for illegal fishing, and send alerts for rangers to intervene in near real time.

A digital power solution and improved network connectivity covering the park and watch tower will enable the rapid transmission of collected data to a cloud server for analysis by AI.

The project will be implemented in partnership with Kenya Wildlife Service (KWS) and Wildlife Research and Training Institute (WRTI). Based on the project’s data-driven insights, the Tech4Nature partners will be able to develop targeted conservation measures for the reserve.

“For us to deliver our mandate of protecting and conserving our wildlife in both terrestrial and marine ecosystems, you have to understand your resources very well. We are partnering with Huawei and IUCN to deploy underwater cameras to acquire some data on marine mammal, corals, and fisheries to make informed decisions. The advantage of this technology it can be deployed in wider area that we couldn’t patrol every single day to get data for day and night for us to make good, informed decisions,” said Adan Kala, Senior Assistant Director, Coast Conservation Area, Kenya Wildlife Service.

In addition, the project will include community outreach to raise awareness about biodiversity changes over time and the presence of different species, including those that are threatened, vulnerable, or endangered.

The site will be assessed against the IUCN Green List Standard, with the goal being that the reserve obtains Green List certification.

About Tech4Nature

Huawei and IUCN launched the Tech4Nature global partnership in 2020 to scale up success in nature conservation through technological innovation. Aligned with Huawei’s TECH4ALL initiative and the IUCN Green List, Tech4Nature has supported 11 flagship projects in 8 countries with tailored solutions to conservation challenges.

Visit the Tech4Nature website: https://tech4nature.iucngreenlist.org/what-is-tech4nature/ 

About TECH4ALL

TECH4ALL is Huawei’s long-term digital inclusion initiative and action plan. Enabled by innovative technologies and partnerships, TECH4ALL is designed to enable inclusion and sustainability in the digital world.

Visit the Huawei TECH4ALL website at https://www.huawei.com/en/tech4all

Follow us on X at https://x.com/HUAWEI_TECH4ALL 

 

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CES 2025 | AAC Technologies Unveils Comprehensive Automotive Solutions, Paving the Way for Cabin Experience Evolution

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LAS VEGAS, Jan. 10, 2025 /PRNewswire/ — At the Consumer Electronics Show (CES) 2025, AAC Technologies, a pioneer in sensory experience, showcased its industry leadership by introducing a full spectrum of automotive solutions that span “acoustics, haptics, sensing, and image recognition.” Drawing on over three decades of expertise in the development and manufacturing of cutting-edge consumer electronics micro-components, AAC is now poised to offer a comprehensive, precise, real-time, and immersive sensory experience to the automotive sector, reinforcing its position as a trusted partner ready to meet the industry’s evolving technological and product demands.

Catering to the surging market demand, AAC presents a ready-to-deploy portfolio of automotive product solutions that address the critical aspects of intelligent driving and cabin experiences. The company is committed to expanding its innovative product offerings to lead the industry. AAC has been steadily expanding in the automotive industry since 2019, largely driven by the growing adoption of its automotive solutions. These solutions are playing an important role in advancing the capabilities of intelligent cockpits.

AAC’s Automotive Acoustic Solutions for Digital Cockpits

AAC Technologies has unveiled its cutting-edge digital cockpit solutions, showcasing a fusion of innovation in acoustics. AAC offers a holistic approach to audio system design, encompassing hardware, algorithms, and fine-tuning, all aimed at delivering a supremely immersive audio experience across various scenarios.

At CES, AAC set up a state-of-the-art 7.1.4 listening room, showcasing its self-developed advanced automotive audio algorithms such as Independent Sound Zones, NLC PRO (distortion suppression), Audio Track Separation, Virtual Surround (Plus), Virtual Venue, and 3D Chime. In collaboration with Premium Sound Solutions (PSS), a world-leading provider in acoustic components and sound systems, AAC has presented an array of top-tier offerings, including automotive speaker products and solutions, which garnered significant attention.

AAC also introduced the “Smart Audio Box,” a joint creation with Smart that marks the industry’s first all-scenario portable Hi-Fi speaker system designed for vehicles. Debuted on the Smart #5 model, this speaker system offers a unique audio experience, blending the boundaries between driving and the wild world of sound.

AAC’s Automotive Haptic Seat Solutions

The automotive industry is now redefining the car as more than just a way to get around—it’s becoming an extension of our living spaces. With this shift, expectations for the in-car experience are soaring, particularly when it comes to the haptic feedback and auditory elements of smart cockpits. At CES, AAC unveiled its groundbreaking haptic seat solution for vehicles, which fuses advanced haptic and acoustic technologies to create a more tranquil driving safety alert system , amp up entertainment with immersive sound, and even simulate engine sounds for an authentic driving feel, all while providing a space for relaxation and meditation. This innovation, a joint effort with Porsche China’s Innovation Office as part of the Rhythm Space project, is set to redefine comfort and pleasure in the driving experience for all on board.

AAC’s Automotive Sensing Solutions

AAC is leading the way in providing advanced sensing solutions and sensor technologies tailored for the automotive industry. AAC’s automotive-grade MEMS microphones boast a compact design, exceptional signal clarity(SNR), minimal distortion(THD), and a consistent frequency response. They also excel in maintaining uniform sensitivity and phase alignment, which translates to enhanced voice services and reliability in both the cabin and exterior environments. This innovation significantly boosts the user experience in voice interactions across a range of applications.

In addition, AAC has unveiled a line of vehicular inertial products, highlighted by our trio of high-performing MEMS IMUs. These units are engineered for accuracy and stability, designed to meet the diverse demands of various applications. They play a pivotal role in ensuring precise vehicle positioning and safety during the critical phases of advanced driver assistance and autonomous driving, reinforcing our dedication to advancing automotive safety and interaction.

AAC’s Automotive Image Recognition Solutions

In the ongoing quest for enhanced intelligent driving, ensuring safety and comfort has become a primary focus in the automotive industry. At this year’s CES, AAC showcased its complete lineup of lenses and camera modules. This includes those for intelligent driving applications like ADAS and surround view, as well as those for intelligent cockpit features such as DMS and OMS. Furthermore, AAC presented an integrated cockpit monitoring system. Collectively, these innovations provide accurate data for machine vision, thereby enhancing safety and intelligent driving capabilities. AAC’s solutions are designed to meet rigorous industry standards, including the EU’s DDAW (Driver Drowsiness and Attention Warning), E-NCAP (European New Car Assessment Programme), and China’s GB/T 41797-2022 “Performance Requirements and Test Methods for Driver Attention Monitoring Systems”.

AAC has also expanded its product line with a variety of automotive motor solutions. For example, AAC’s brushless motors, known for their quiet performance and adaptability, ensure a smooth and quiet experience for seat adjustments. AAC also offers linear control brake motors (EMB motors), linear control steering motors (RWA and HWA motors), and general EPS motors for advanced chassis applications, all of which have been tested and validated in multiple vehicle models. As the automotive industry advances towards higher levels of driving assistance, the adoption of linear control systems for chassis is becoming crucial. These motors use sensors to detect environmental information, replacing mechanical connections with electrical signals. This technology offers high precision, fast response times, compact designs, and lightweight construction, making it suitable for mass production. In scenarios such as highway driving, navigating narrow roads, and parking, these systems greatly enhance user comfort and meet the increasing demands for improved vehicle maneuverability and active safety.

Moving forward, AAC Technologies will continue to collaborate closely with automotive industry partners. By staying attuned to user preferences and driving technological advancements, AAC aims to lead the industry trend. The company’s focus is on delivering an outstanding intelligent cockpit experience, making every drive a source of joy and immersive sensory pleasure.

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