Human Centric Lighting Market
The market for Human Centric Lighting was estimated at $2.8 billion in 2023; it is anticipated to increase to $20.2 billion by 2030, with projections indicating growth to around $82.7 billion by 2035.
Global Human Centric Lighting Market Outlook
Revenue, 2023
Forecast, 2033
CAGR, 2024 - 2033
The Human Centric Lighting industry revenue is expected to be around $4.9 billion in 2024 and expected to showcase growth with 32.6% CAGR between 2024 and 2033. Human Centered Lighting (HCL) improves health and mood by syncing indoor lighting with natural human sleep wake cycles. As of 2023 the market, for Human Centered Lighting was worth $2.8 billion and it is expected to reach $20 billion by 2030 and $83 billion by 2035, showing a steady growth rate of 32.6% CAGR.
Human Centric Lighting is used in settings such as homes, offices and schools to create better focus reduce tiredness and enhance overall comfort levels. Thanks to improvements in LED technology and a growing understanding of how lighting affects our health Human Centric Lighting is now an element, in contemporary lighting designs.
Market Key Insights
- The Human Centric Lighting market is projected to grow from $2.8 billion in 2023 to $47.1 billion in 2033. This represents a CAGR of 32.6%, reflecting rising demand across Residential, Healthcare and Commercial.
- Philips Hue, Lutron, Osram are among the leading players in this market, shaping its competitive landscape.
- U.S. and Germany are the top markets within the Human Centric Lighting market and are expected to observe the growth CAGR of 31.3% to 45.6% between 2023 and 2030.
- Emerging markets including India, Brazil and Vietnam are expected to observe highest growth with CAGR ranging between 24.5% to 33.9%.
- Transition like Shift Towards IoT-Enabled HCL is expected to add $2 billion to the Human Centric Lighting market growth by 2030.
- The Human Centric Lighting market is set to add $44.3 billion between 2023 and 2033, with manufacturer targeting Commercial & Industrial Application projected to gain a larger market share.
- With Rising awareness of health benefits, and Advancements in led technology, Human Centric Lighting market to expand 1580% between 2023 and 2033.