Competitors continue to enter the market to address new use cases, offer more advanced capabilities, or provide a new take at a competitive price
A new Leaderboard Report from Navigant Research examines the strategy and execution of 17 leading vendors of connected lamps, luminaires, and controls for the residential sector.
While the market for residential connected lighting remains nascent, the growing popularity of smart home technologies is changing the way consumers interact with lighting in their homes. Products such as the Amazon Echo and Google Home are increasing the adoption of connected home devices and demonstrating the potential they have in terms of lighting. Click to tweet: According to a new Leaderboard report from @NavigantRSRCH, in terms of strategy and execution, Philips Lighting is the leading vendor of residential connected lighting.
“Philips Lighting is the clear leader, having essentially created the residential connected lighting market with its Hue products,” says Paige Leuschner, research analyst with Navigant Research. “The rest of the landscape includes a mix of incumbents offering rival products along with startups disrupting the market with more cutting-edge solutions.”
According to the report, the introduction of the Philips Hue bulb in 2012 skyrocketed consumer awareness of the connected lighting industry and currently has the largest market presence along with integrations with nearly all relevant competitors in the smart home space. Philips is trailed by several competitors entering the market to address new use cases, offer products with more advanced technological capabilities, or provide their own take on a similar solution at a competitive price.
The report, Navigant Research Leaderboard Report: Residential Connected Lighting, examines the strategy and execution of 17 leading connected lamp, luminaire, and controls vendors. These players are rated on 12 criteria: vision; go-to market strategy; partners; value proposition; technology; sales & marketing; product usability & features; product portfolio; pricing; and staying power. Using Navigant Research’s proprietary Leaderboard methodology, companies are profiled, rated, and ranked with the goal of providing an objective assessment of their relative strengths and weaknesses in the global market for residential connected lighting. An Executive Summary of the report is available for free download on the Navigant Research website.
Contact: Lindsay Funicello-Paul
* The information contained in this press release concerning the report, Navigant Research Leaderboard Report: Residential Connected Lighting, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.