Never heard of Lightwave so I looked it up and it looks to be a UK thing and a whole different type of infrastructure where they communicate with each other directly.
The smart switchs and bulbs and such we have in our house have been working well. There were a few hiccups with, both, the devices and user-error but those eventually got ironed out. Now everyone is used to turning rooms on and off with their voice and adjusting the brightness as they see fit.
One thing that became clear to me is the range of quality and degree of customization in smart home stuff. It can be brand specific and it can also be within a brand. I always shied away from Phillips Hue products because "it requires a hub" but looking at their products now, they seem to be of a higher quality and complexity than most other brands. I've carried that bias against Hue devices since 2015 or so when they first started popping up on deal sites and were just single light bulbs that were controlled by a hub. Now, their stuff is quite expansive from bulbs to fixtures to light strips and their offerings look nicer and are more customize-able that most other brands. Their gradient light strip looks so...premium and I don't think any of the other, big-name brands make something at that level.
Similarly, Lifx has given me some issues but it looks be to sorted again and should be good to go. They seem like just a step behind Hue products but still above TP Link and other brands and their color bulbs feel premium and the color and pattern and scene options seem to be much better than the others. I have Lifx and TP Link bulbs and while the TP Link/Kasa bulbs do exactly what they're expected to do, it's not quite at the same level as the Lifx bulbs that I have. The Kasa bulbs are not RGB, they're just "regular" LED bulbs that have 4 levels of brightness from 0-100%, so obviously I'm not comparing its colors to the Lifx but just the performance difference between the two. There's just so much more to do with the Lifx bulbs in the Lifx app or the Google Home app and I imagine Hue products to be more of the same.
So I understand the premium price of Hue products. They look like they're built better and have more cleaner and premium look to them. I don't think I'd switch over just like that but after looking at some of their products and comparing them to the other brands, they've got a few things that other brands just can't compete with. One was gradient light strip and the other was that TV camera thingy that monitors the colors on your TV and changes the lights around your room based on the colors shown on screen. I just looked it up and all I'm seeing is something called a "Sync Box" but I swear I saw one that used a light sensor that hung over your TV screen and did the same thing. Govee had something similar too, but didn't look as good. The Box looks like a cleaner set up so it might be a new product to replace the light sensor method Phillips used before. Either way, it's pretty neat.
https://www.philips-hue.com/en-us/p/hue-play-hdmi-sync-box-/046677555221