The ambient lighting market size stood at $60.8 billion in 2019, and it is expected to grow at a 9.2% CAGR between 2020 and 2030. The burgeoning demand for energy-efficient lighting solutions, surging emphasis on smart lighting, and increasing stringency of the regulatory policies pertaining to energy efficiency are the key factors driving the market growth.

The ambient lighting market size stood at $60.8 billion in 2019, and it is expected to grow at a 9.2% CAGR between 2020 and 2030. The burgeoning demand for energy-efficient lighting solutions, surging emphasis on smart lighting, and increasing stringency of the regulatory policies pertaining to energy efficiency are the key factors driving the market growth.