The global smart lighting market is on an upward trajectory, propelled by a convergence of factors driving demand and innovation. Valued at over US$11.29 billion in 2020, the market is forecasted to expand at a remarkable CAGR of 20.3% from 2021 to 2031, reaching an estimated value of US$83.52 billion by the end of 2031.
Driving Forces
Rapid urbanization, infrastructure development, and...
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