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Lighting Market set to grow by USD 62.8 Billion from 2025-2029, driven by new developments and product launches, with AI shaping market trends – Technavio

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NEW YORK, Jan. 30, 2025 /PRNewswire/ — Report on how AI is redefining market landscape – The global lighting market size is estimated to grow by USD 62.8 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of  7.4%  during the forecast period. Growing number of developments and lighting product launches is driving market growth, with a trend towards advances in automotive lighting systems. However, sustainability issue in lighting industry  poses a challenge. Key market players include Acuity Brands Inc., ams OSRAM AG, Bridgelux Inc., Dialight Plc, Digital Lumens Inc., Eaton Corp plc, Ennostar Inc., General Electric Co., GrowRay Lighting Technologies, Havells India Ltd., Hubbell Inc., IDEAL INDUSTRIES Inc., Koninklijke Philips NV, LSI Industries Inc., Lumileds Holding BV, Panasonic Holdings Corp., Sharp Corp., SMART Holdings Inc., Syska Led Lights Pvt. Ltd., and Toyoda Gosei Co. Ltd..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

Lighting Market Scope

Report Coverage

Details

Base year

2024

Historic period

2019 – 2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 7.4%

Market growth 2025-2029

USD 62.8 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

6.4

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 45%

Key countries

US, China, Germany, UK, Japan, India, France, South Korea, Canada, and Italy

Key companies profiled

Acuity Brands Inc., ams OSRAM AG, Bridgelux Inc., Dialight Plc, Digital Lumens Inc., Eaton Corp plc, Ennostar Inc., General Electric Co., GrowRay Lighting Technologies, Havells India Ltd., Hubbell Inc., IDEAL INDUSTRIES Inc., Koninklijke Philips NV, LSI Industries Inc., Lumileds Holding BV, Panasonic Holdings Corp., Sharp Corp., SMART Global Holdings Inc., Syska Led Lights Pvt. Ltd., and Toyoda Gosei Co. Ltd.

Market Driver

The lighting market is thriving with trends in interior designing, photography, and scientific advancements. LED lights are leading the charge, replacing traditional incandescent, CFL, LFL, HID, and halogen bulbs due to their energy efficiency and longer life expectancy. LEDs are not just for houses but also for automotive headlamps, aviation, advertising, and traffic signals. Developing and under-developing nations are adopting solar and off-grid solutions for energy consumption reduction. Effective manufacturers like Signify are introducing energy-efficient luminaires, light control systems, and smart LED bulbs. Urban cities and commercial buildings are implementing smart lighting solutions to reduce electricity costs and promote environmental sustainability. The Biden Harris Administration supports smart cities initiatives to minimize capital costs and logistics inefficiency. LEDs are also used in horticulture, medical devices, and camera flashes. The future of lighting is smart, energy-efficient, and cost-effective. 

Adaptive lighting systems are gaining popularity in both commercial and automotive industries due to their enhanced safety and comfort features. These systems, specifically designed for night driving and low-light conditions, improve visibility around curves and hills by adjusting the beam direction based on steering input. In contrast, standard headlights continue to illuminate the road straight ahead, leaving the side of the road unlit. Additionally, when climbing a hill, adaptive headlamps prevent the beams from pointing upward, ensuring optimal visibility on the road ahead. This technology enhances driving safety and provides a more comfortable driving experience. 

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Market Challenges

The lighting market encompasses various sectors including interior designing, photography, and scientific research. Lighting solutions range from LEDs for houses and commercial buildings to automotive and outdoor applications. Scientists continue to innovate with LEDs for plants and energy-efficient solutions. Developing and under-developing nations face challenges with electricity access and affordability. Effective manufacturers produce luminaires and light control systems, addressing energy consumption and operating costs. Solar and LED technologies offer cost-effective, energy-efficient alternatives, especially in the off-grid solar sector. LEDs replace traditional incandescent, CFL, LFL, HID, and halogen bulbs in general and automotive lighting. Energy costs remain a concern, driving the adoption of smart LED bulbs and outdoor lighting. Real estate, semiconductor, and aviation industries utilize advanced lighting technologies. Energy efficiency and environmental sustainability initiatives, such as the Biden Harris Administration’s focus on smart cities, further fuel market growth. Effective lighting solutions improve urban cities, highways, commercial malls, airports, and various industries like horticulture, medical devices, and advertising. Smart lighting solutions integrate with building automation systems, HVAC, and security for energy savings and improved functionality.The lighting market faces a significant challenge in ensuring sustainability as the demand for environmentally friendly and energy-efficient solutions, such as CFLs and LED lighting, increases. However, the availability of rare earth elements, like those used in Phosphor-based LEDs, is limited, leading to potential price hikes and supply chain disruptions. Addressing this issue is crucial for the continued growth of the lighting industry. Sustainable lighting solutions not only reduce the environmental impact but also offer cost savings in the long run. Companies must work towards finding alternative sources or recycling methods for rare earth elements to mitigate these risks.

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Segment Overview 

This lighting market report extensively covers market segmentation by  

ApplicationType 2.1 LED technology2.2 Traditional technologyGeography 3.1 APAC3.2 Europe3.3 North America3.4 Middle East and Africa3.5 South AmericaProductDistribution Channel

1.1 General lighting –  The general lighting market encompasses various products such as lamps, electronics, consumer luminaires, systems, and professional luminaires and systems. This segment is the largest in the lighting industry, primarily used in residential, commercial, and outdoor applications. Notable companies like Signify NV, OSRAM, and IDEAL INDUSTRIES Inc. Dominate this sector. LED technology, introduced in the 1970s, has significantly impacted the market with its advantages like low maintenance, long lifespan, energy efficiency, and eco-friendliness. The decreasing LED prices further boost its popularity. Developed countries are adopting connected lighting technology, enabling control of fixtures via smartphones, which may lead to new opportunities for growth in the general lighting market.

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Research Analysis

The lighting market encompasses various applications of light in interior designing, photography, and scientific research. LED lights, with their energy efficiency and long lifespan, have revolutionized the industry. Plants thrive under LEDs, making them popular in horticulture. Lighting plays a crucial role in electricity consumption and energy costs, making energy-efficient solutions essential. Scientists continue to explore metals and white light for advanced applications. LEDs dominate automotive headlamps and aviation, while CFL bulbs are phased out. Advertising, traffic signals, medical devices, camera flashes, and lighted wallpapers also utilize specialized lighting. The Biden Harris Administration pushes for energy-efficient lighting through policies. The Color Rendering Index measures light’s ability to reveal colors accurately. CEA systems, LED lighting, building automation, HVAC, security, and smart lighting solutions further expand the market’s scope.

Market Research Overview

The lighting market encompasses various applications, from interior designing and photography to scientific research and automotive industries. LEDs have revolutionized the sector with their energy efficiency and long life span, replacing traditional incandescent, CFL, LFL, HID, and halogen bulbs. Plants and developing nations benefit from solar lighting in houses and off-grid solar sectors. Light control systems and environmental actions reduce electricity consumption. AI and smart lighting solutions optimize energy usage in urban cities, commercial buildings, malls, stores, restaurants, hospitals, schools, parking lots, and real estate. Semiconductors and effective manufacturers offer cost-effective LED fixtures and luminaires, addressing energy problems and environmental degradation. The Biden Harris Administration supports energy efficiency and environmental sustainability initiatives, including smart outdoor lighting, traffic signals, and lighting for bridges and buildings. The market includes various players from the automotive, retail, aviation, advertising, medical devices, and traffic signal industries.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationTypeLED TechnologyTraditional TechnologyGeographyAPACEuropeNorth AmericaMiddle East And AfricaSouth AmericaProductDistribution Channel

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company 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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SOURCE Technavio

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SUNGLASS HUT CELEBRATES “OWN YOUR MOMENT” & COVENT GARDEN POP-UP WITH AN UNFORGETTABLE LONDON EVENT FRONTED BY AMBASSADOR MELANIE C

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LONDON, June 2, 2026 /PRNewswire/ — Sunglass Hut, the leading global destination for premium sunglasses, brought its OWN YOUR MOMENT summer campaign to life with an exclusive event to launch its consumer pop-up in London’s Covent Garden. The evening celebrated the brand’s summer collection alongside global ambassador Melanie C, delivering a high-energy experience for consumers to enjoy.

The night was kicked off by Sunglass Hut ambassador and Spice Girl Melanie C, who took to the decks for a special DJ set, setting the tone for an evening that was equal parts fashion and fun. Guests explored the collection, enjoyed the atmosphere and embraced the spirit of the campaign, centred on confidence, individuality and living in the moment.

Guests enjoyed a series of thoughtfully curated experiences throughout the evening. Bespoke goody bags offered guests a keepsake from the campaign and artisan gelato from Badiani brought a refined touch of Italian flair.

At the heart of the event was the opportunity to explore the summer collection first-hand, including key seasonal styles from Ray-Ban, Oakley and Ray-Ban Meta, alongside a broader mix of leading fashion brands and Sunglass Hut exclusives. Guests were also able to browse Melanie C’s dedicated product edit, a curation of easy everyday styles with a sporty edge and elevated designer pieces, available on Sunglass Hut ecommerce and in select stores.

The pop-up is part of a wider summer ambassador series in which Sunglass Hut is deepening local relevance through authentic talent partnerships and bold customer experiences. Melanie C joins Breanna Stewart in the United States and María Pedraza in Spain as part of the brand’s global summer ambassador series, each hosting an event inspired by the culture and energy of their market.

The Sunglass Hut pop-up is now open to the public at Covent Garden, running until 14th June, 12pm-7pm daily.

First introduced in 2025, OWN YOUR MOMENT marked a refreshed brand positioning for Sunglass Hut, creating a more inspiring and emotionally resonant identity for customers around the world. The platform celebrates the idea that sunglasses are more than an accessory. They have the power to transform how people see the world and how the world sees them.

Shop the summer collection and Melanie C’s edit now at: www.sunglasshut.com

About Sunglass Hut

Founded in 1971, Sunglass Hut has grown into the best curated destination for the most sought-after high-quality fashion and performance sunglass brands, with more than 2,500 retail locations. Stores can be found in fashionable shopping districts across the globe, from the Americas, Europe and the Middle East to Australia, South Africa, China, Southeast Asia and beyond, providing consumers with a fun, highly engaging shopping experience in-store and online. www.sunglasshut.com 

About EssilorLuxottica

EssilorLuxottica is a global leader in the design, manufacturing, and distribution of ophthalmic lenses, frames, and sunglasses. With more than 200,000 employees across 150 countries, 650 operational facilities and 18,000 stores, its mission is to help people around the world see more and be more by addressing their evolving vision needs and personal style aspirations.

EssilorLuxottica is home to some of the most advanced lens technologies, including Varilux, Stellest, and Transitions, as well as some of the most iconic eyewear brands, including Ray-Ban and Oakley, highly sought-after licensed luxury brands, and world-class retailers such as Sunglass Hut, Óticas Carol, and GrandVision.

The OneSight EssilorLuxottica Foundation has enabled access to sustainable vision care for more than 760 million people in underserved communities worldwide. For more information, visit www.essilorluxottica.com

Photo – https://mma.prnewswire.com/media/2993703/Sunglass_Hut.jpg

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HIMSS and SingHealth to Co-Host 2026 HIMSS APAC Health Conference & Exhibition in Singapore to Accelerate Healthcare Transformation

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SINGAPORE, June 3, 2026 /PRNewswire/ — HIMSS, a mission-driven independent society, global thought leader and advisor, will co-host the 2026 HIMSS APAC Health Conference & Exhibition 23–25 August 2026 in Singapore in strategic partnership with SingHealth, Singapore’s largest public group of healthcare institutions.

HIMSS26 APAC will convene senior health system leaders, government ministers, clinicians and technology innovators from across Asia-Pacific and beyond to address the defining challenge of the time: translating AI ambition into scalable, evidence-based impact.

Under the theme “Trust, Intelligence and Agility: Re-engineering APAC Health Systems in the AI Era,” the three-day program will combine an exclusive pre-conference CXO AI Summit, two days of main conference plenary and parallel tracks, an exhibition, curated hospital visits and executive networking to create an unparalleled environment for peer exchange, strategic insight and high-value connections.

“Health systems across Asia-Pacific have focused ambition and investment in the deployment of AI tools and capabilities. The global challenge is translating momentum into scalable, system-wide impact,” said Hal Wolf, HIMSS President and CEO. “HIMSS26 APAC will bring together leaders, frameworks and real-world evidence to guide health systems through measurable transformation. We are proud to develop this program in close partnership with our APAC Steering committee, comprised of senior healthcare executives and digital health leaders from APAC markets, to deliver the best insights at the conference.”

A Strategic Partnership with SingHealth

HIMSS26 APAC is co-hosted with SingHealth, Singapore’s largest public healthcare cluster. The partnership reflects Singapore’s position as the APAC hub for digital health innovation. Additionally, this partnership connects HIMSS26 APAC delegates directly to the team leading Singapore’s national health data strategy, AI governance frameworks and digital maturity programs.

Benedict Tan, Group Chief Digital Strategy Officer and Chief Data Officer at SingHealth and Board Member of HIMSS, will deliver keynotes at both the CXO AI Summit and the main conference opening ceremony. This reflects SingHealth’s commitment to inspire other healthcare systems to use AI with trust, transparency and measurable impact.

Three Days of High-Stakes Dialogue

The programme is built around the questions that matter most to health system leaders right now: Is AI ROI the wrong metric? What does a smart hospital look like in the age of AI? And what separates the systems that are scaling innovation from those still experimenting?

The conference opens on 23 August with an invitation-only CXO AI Summit, an executive forum challenging the conventional wisdom on AI return on investment, governance and the foundations of enterprise-scale adoption. The Summit will be anchored by keynotes from Hal Wolf and Benedict Tan, with panel discussions moderated by Dr Anne Snowdon, Chief Scientific Officer of HIMSS, and Tom Leary, HIMSS Senior Vice President and Head of Government Relations. International speakers from health systems from across the Asia-Pacific region will be announced soon.

The main conference on 24–25 August opens with a showcase of excellence in digital maturity before moving into two days of plenary keynotes, executive addresses, government perspectives from across APAC and deep-dive parallel tracks spanning AI digital foundation, clinical AI, operational AI and smart hospitals and intelligent health systems. Senior perspectives from health ministries and leading digital health organisations across South Korea, Australia, Singapore and the broader Asia-Pacific region will be featured throughout.

The programme closes with a cross-industry panel asking what healthcare can learn from other sectors already reshaped by AI, bringing together voices from health technology, clinical leadership and beyond.

Members of the press, potential media partners and podcasters interested in participating in HIMSS26 APAC are invited to email the HIMSS Communications team at press@himss.org for more information.

About HIMSS

HIMSS (the Healthcare Information and Management Systems Society) is a mission-driven independent society, a global thought leader, and an advisor dedicated to creating an informed and empowered community of providers, innovators, and individuals. HIMSS stands apart by bridging strategic and visionary ideas with practical execution, empowering health systems and governments globally to achieve measurable impact for the future of health and care.

About SingHealth

SingHealth is Singapore’s largest group of healthcare institutions, comprising an integrated network of hospitals, specialty centres, and polyclinics committed to providing quality, accessible healthcare. As a regional leader in integrated digital health, SingHealth serves as both co-host and a real-world model of how policy, infrastructure, and innovation align to support system-wide transformation.

 

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SOURCE HIMSS-HEALTHCARE INFORMATION AND MANAGEMENT SYSTEMS SOCIETY

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NAVC Named to Inc.’s 2026 Best Workplaces List

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Annual list recognizes the businesses that set the standard for workplace success and awards excellence in company culture

ORLANDO, Fla., June 2, 2026 /PRNewswire/ — NAVC has been named one of Inc.’s 2026 Best Workplaces. This annual award honors American companies with exceptional workplaces and vibrant cultures that support their teams and businesses, whether in-person, remote or hybrid.

“A happy team is a high-performing one, and at NAVC, we believe in creating environments where everyone can thrive,” said Gene O’Neill, NAVC CEO. “Our culture is centered on the team, which naturally unlocks potential. We host open forums where employees share ideas and feedback, and we prioritize investing in professional development for all staff. The result? An incredible group of passionate and talented individuals. NAVC is a special place to work for one reason – the people.”

Who is NAVC?

NAVC is a nonprofit organization with a mission to support and advance veterinary professionals across the globe. As the leading provider of veterinary continuing education, NAVC delivers essential training and resources that keep the veterinary community informed of the latest advances in animal medicine. NAVC’s diverse portfolio of products and services includes:

In-person and virtual educational events like VMX, HiVE, SkillShop and LevelUPVetfolio – a robust virtual learning platformEducational podcastsFour award-winning, peer-reviewed publicationsAdvocacy work in the animal health space

Best Workplaces Award Methodology

The award is the result of a comprehensive measurement and evaluation of hundreds of applicants. The process involved a detailed employee survey conducted by Quantum Workplace, covering critical elements such as management effectiveness, perks, professional development and overall company culture. Each company’s benefits were also audited to determine the overall score. NAVC is honored to be included among the 507 companies recognized this year.

“This year’s Best Workplaces list goes beyond great company culture–it highlights companies making meaningful and sustained investment in their employees,” says Bonny Ghosh, editorial director at Inc. “Even in a labor market that favors employers, these companies understand that an intentional and authentic commitment to their teams drives stronger employee retention, engagement, and ultimately, a stronger business overall.”

To view the full list of winners, visit Inc.com.

About NAVC

The North American Veterinary Community (NAVC) is a nonprofit organization dedicated to supporting and advancing veterinary professionals worldwide. The world’s leading provider of veterinary continuing education, the NAVC delivers essential training, tools and resources for veterinary professionals to stay abreast of advances in animal medicine and provide the best medical care for animals everywhere. Through its commitment to innovation and excellence, the NAVC has developed a diverse portfolio of products and services, including: educational events, headlined by VMX, the world’s largest, most comprehensive continuing education conference and launchpad for new products and innovations within the veterinary industry; a robust digital platform for virtual learning and engagement; the veterinary industry’s largest and award-winning portfolio of trade publications; and an advocacy arm which unites the veterinary community and pet lovers. The NAVC was founded in 1982 and is headquartered in Orlando, FL. Since 2017, the NAVC has been recognized annually as one of the Top Workplaces by the Orlando Sentinel. To learn more about the NAVC’s products and brands, visit https://navc.com/. To see our schedule of upcoming events, visit https://navc.com/calendar/.

About Inc.

Inc. is the leading media brand and playbook for entrepreneurs and business. Through its journalism, Inc. aims to inform, educate, and elevate the profile of its community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating the future of business. Inc. is published by Mansueto Ventures LLC, along with fellow leading business publication Fast Company. For more information, visit www.inc.com.

About Quantum Workplace

Quantum Workplace, based in Omaha, Nebraska, is an HR technology company that serves organizations through employee-engagement surveys, action-planning tools, exit surveys, peer-to-peer recognition, performance evaluations, goal tracking, and leadership assessment. For more information, visit QuantumWorkplace.com.

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SOURCE North American Veterinary Community (NAVC)

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