The global intelligent lighting controls market is estimated to reach $36 billion by 2023, growing at a CAGR of 10.2% from 2017 to 2023, according to the market intelligence report Global Intelligent Lighting Controls Market by BIS Research.
Emerging technologies have accelerated the usage of intelligent lighting controls in various end use applications. The market is further being driven by the increasing smart homes market along with customization benefits and the continuously decreasing average selling price (ASP) of LED bulbs.