Smartness and connectivity is the trend that's transforming the globe across every aspect of life. Lighting is one such technology that's undergoing such a transformation. Within a few years of inception, LED has become the dominant artificial light source and has taken over all the conventional light sources.
Home automation has evolved from smart appliances that have led to the development of integrated smart homes. It consists of four functional segments: lighting, security, audio/video & heating, ventilating & air conditioning (HVAC). The global smart homes market is estimated to reach $135.5B by 2025.
Industry 4.0 represents a leap in factory manufacturing innovations, the convergence of robotics, embedded sensors, and machine-learning algorithms.