TECH SUPPLIER Sep 2021 - Market Forecast - Doc # US48217121

Worldwide Smart Home Lighting Device Forecast Update, 2021–2025

By: Adam WrightSenior Research Analyst, Internet of Things: Consumer

Abstract

This IDC study provides a five-year forecast for the worldwide smart home lighting device market for the 2021–2025 period.

"As with the broader smart home market, the worldwide market for smart lighting devices is seeing strong growth, despite the ongoing global pandemic," says Adam Wright, senior research analyst for IDC's Smart Home research program. "The market is being negatively impacted by supply side constraints, high unemployment, and lockdown measures, among other factors. But, nevertheless, we anticipate positive year-over-year growth. As consumers continue to shift their spending priorities from other areas like vacations, travel, and going out to eat, smart home devices remain broadly popular."


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