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Human Centric Lighting Market Size (2024 - 2029)

The human centric lighting market is experiencing rapid growth driven by the increasing demand for solutions that cater to human biology and psychology, alongside the rising adoption of IoT devices. The market size is expanding as LEDs gain traction in various sectors, although the high initial costs pose a challenge to growth. Despite these challenges, innovations by key players are expected to mitigate cost barriers, further propelling the market's expansion.

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Market Size of Human Centric Lighting Industry

Human Centric Lighting Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR (2024 - 2029) 23.48 %
Fastest Growing Market Asia Pacific
Largest Market Europe
Market Concentration Low

Major Players

Human Centric Lighting Market Major Players

*Disclaimer: Major Players sorted in no particular order

Human Centric Lighting Market Analysis

The Human Centric Lighting Market is expected to register a CAGR of 23.48% during the forecast period.

The human centric lighting market is influenced by the lack of regulations and common industry standards, the market for such solutions and products is growing at a fast pace owing to the growing demand for human centric solutions and growth in adoption of IoT. In the global lighting market, LEDs are observing a significant increase; this is influencing the human centric lighting market and driving the demand. Higher initial costs involved in the adoption of human centric lighting solutions is challenging the market growth.

  • The growing adoption of LED lighting in commercial, industrial, and residential sectors is driving the demand for human centric lighting market and expected to boost the demand globally. According to Lumileds, the projected size of the packaged global LED market is expected to reach USD 18.9 billion by 2020.
  • Another driving factor for the human centric lighting market's growth is various organization's approach to make most of their products human centric, which adapts to the exact needs of human biology and psychology. According to Accenture, to design the smart home solutions brands need to shift from a product-focused approach to a human centric approach; this approach can be used for all other sectors as well.
  • The growing demand for IoT devices in residential and commercial spaces is another supporting factor for building human centric products and solutions. The demand for IoT devices is expected to drive the market for human centric lighting as well. According to Finch Capital, the global size of the IoT market is expected to reach USD 1,612 billion by 2025.
  • However, higher initial costs involved in the adoption of human centric lighting solutions is challenging the market growth; the innovation efforts by major vendors in the market is expected to overcome the challenge. According to the US Department of Energy, the price of warm white LED lamps per kilolumen in the US is expected to come down to USD 0.3 by 2025 from USD 1.7 in 2014.

Human Centric Lighting Industry Segmentation

Circadian rhythms are closely related to living systems at environmental, organismal, and cellular levels; these are physical, mental, and behavioral changes that follow a 24-hour cycle. Light is one of such factor influencing the cycle, and human centric lighting solutions are built around this concept. The report segments the solutions by type; hardware, which includes LED modules, sensors, controllers, touch panels, switches, etc. Software segment includes controller applications, AI, and other software used upon the hardware framework. 

By Type
Hardware
Software
By End-User Application
Commercial
Industrial
Residential
By Geography
North America
United States
Canada
Europe
United Kingdom
Germany
France
Rest of Europe
Asia Pacific
China
Japan
South Korea
India
Rest of Asia Pacific
Latin America
Middle East and Africa
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Human Centric Lighting Market Size Summary

The human centric lighting market is experiencing rapid growth, driven by the increasing adoption of LED lighting and the integration of IoT technologies across commercial, industrial, and residential sectors. This market expansion is fueled by the demand for solutions that cater to human biology and psychology, as organizations shift towards more human-centric product designs. Despite the higher initial costs associated with these lighting solutions, the market is poised for significant growth due to ongoing innovations and the decreasing costs of LED technology. The environmental benefits of LED lighting, such as reduced power consumption and lower CO2 emissions, further bolster the market's appeal, as does the trend towards connected lighting systems that offer enhanced control and monitoring capabilities.

Europe currently dominates the human centric lighting market, benefiting from its early adoption of smart lighting systems and the presence of major vendors like OSRAM Lighting. The region's market growth is supported by government initiatives such as the European Union's Horizon 2020 project, which promotes the uptake of LED systems. However, the Asia-Pacific region is emerging as the fastest-growing market, with the potential to surpass Europe in the coming years. The market is characterized by fragmentation, with key players like Signify Lighting NV and OSRAM GmbH focusing on innovation and strategic mergers and acquisitions to enhance their market positions. Recent developments, such as Signify's acquisition of a majority stake in Klite Lighting, highlight the ongoing efforts to strengthen market presence and reduce production costs in Asia.

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Human Centric Lighting Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Introduction to Market Drivers

    3. 1.3 Market Drivers

      1. 1.3.1 Growing Demand of Human Centric Solutions

      2. 1.3.2 Growth of IoT

      3. 1.3.3 Increasing Adoption of LEDs

    4. 1.4 Market Restraints

      1. 1.4.1 Lack of Awareness and Higher Initial Cost

    5. 1.5 Industry Attractiveness - Porter's Five Force Analysis

      1. 1.5.1 Bargaining Power of Suppliers

      2. 1.5.2 Bargaining Power of Buyers

      3. 1.5.3 Threat of New Entrants

      4. 1.5.4 Threat of Substitute Products

      5. 1.5.5 Intensity of Competitive Rivalry

    6. 1.6 Technology Snapshot

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type

      1. 2.1.1 Hardware

      2. 2.1.2 Software

    2. 2.2 By End-User Application

      1. 2.2.1 Commercial

      2. 2.2.2 Industrial

      3. 2.2.3 Residential

    3. 2.3 By Geography

      1. 2.3.1 North America

        1. 2.3.1.1 United States

        2. 2.3.1.2 Canada

      2. 2.3.2 Europe

        1. 2.3.2.1 United Kingdom

        2. 2.3.2.2 Germany

        3. 2.3.2.3 France

        4. 2.3.2.4 Rest of Europe

      3. 2.3.3 Asia Pacific

        1. 2.3.3.1 China

        2. 2.3.3.2 Japan

        3. 2.3.3.3 South Korea

        4. 2.3.3.4 India

        5. 2.3.3.5 Rest of Asia Pacific

      4. 2.3.4 Latin America

      5. 2.3.5 Middle East and Africa

Human Centric Lighting Market Size FAQs

The Human Centric Lighting Market is projected to register a CAGR of 23.48% during the forecast period (2024-2029)

Signify Lighting NV, OSRAM GmbH, Trilux Lighting Ltd., Wipro Lighting and Glamox SA are the major companies operating in the Human Centric Lighting Market.

Human Centric Lighting Market Report Snapshots

Human Centric Lighting Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)