Smart Lighting Market is estimated to expand at a CAGR of 20.3% from 2021 to 2031

Transparency Market Research05 Sep, 2022Other

The global smart lighting market is negatively affected by COVID-19. Lockdown and shutting down of businesses led to disruption in value chain. The COVID-19 pandemic weakened all businesses, including the global smart lighting market. The market witnessed a slump in revenue and sales. However, with the gradual opening of businesses, the global smart lighting market is expected witness staggered recovery in the upcoming years. Manufacturers operating in the global smart lighting market are making use of innovative business strategies to stay financially afloat in the business.