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Published Date: 2017-10-20Number of Pages: 170

Smart Pole Market (Component - Lighting Lamp, Communication Devices, Lamp Controller, Sensors, Software; Installation Type - New Installation, Retrofit Installation; Application - Highways & Roads, Railways, Harbors, Public Places) - Global Industry, Size, Share, Growth, Trends and Forecast 2017 - 2022

Installation of the smart poles is likely to digitally transform the definition of the public street lights. Government initiatives regarding implementation of the smart city plan has led the street light manufacturers to integrate enhanced technology and multifunctional features. As internet connectivity comprises an important part of the smart city plan, manufacturers of street poles are increasingly integrating the 4G LTE wireless technology. Smart poles are also equipped with announcement speakers and charging points for tourist. Moreover, growing need to monitor accidents, crime, parking and weather conditions has led the street light manufacturers to integrate the smart poles with cameras and sensors.

Transparency Market Research projects that the global smart pole market is expected to represent a value of over US$ 10,000 Mn by the end of 2022.

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Market Taxonomy

Region

Component

Installation Type

Application

  • North America
  • Lighting Lamp
  • new Installation
  • Highways & Roads
  • Latin America
  • Communication Devices
  • Retrofit Installation
  • Railways
  • Europe
  • Lamp Controller

 

  • Harbors
  • Japan
  • Sensors

 

  • Public Places
  • APEJ
  • Software

 

 

  • MEA

 

 

 

(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)

Equipped with sensors and smart video cameras, the smart poles help in reducing the traffic and congestion, which allows the drivers to drive conveniently and safely on the streets. Increasing preference for cab services among consumers continues to rev up demand for internet access for tracking the route. Smart poles will continue to witness significant demand globally as they are equipped with the internet services. Bound to these factors, the global smart pole market is expected to witness significant growth globally.

Further, government in various countries are increasingly taking initiatives to implement smart city plan in the disconnected regions. Adoption of the smart poles in the backwards regions of various countries can enable the end users to connect with the developing regions of the country and stay updated. Installation of the smart poles is also expected to unfurl growth opportunities for various industries in the backward regions of various countries.

On the other hand, slow development in the backward regions of the country continue to discourage the market players to make investments. Compared to the conventional street lights, the solar street lights require high initial investment. These factors are likely to dip sales of the smart poles in the global market. Moreover, smart poles mainly operate on the solar energy and require constant maintenance in the extreme weather conditions. Extreme weather conditions can disrupt the functioning of the smart poles attributed to accumulation of dust, moisture and snow. Attributed to these factors, the smart poles are expected to inhibit growth of the global market during the forecast period.

Application in Highways & Roads to Remain High

With growing need to monitor the traffic, accidents and weather, adoption of sensors in the smart poles will continue to increase. On the basis of component, the sensor segment is expected to witness the highest revenue growth, recording a value of over US$ 1,000 Mn by the end of 2022. This segment is expected to register the highest CAGR in the global smart pole market throughout the forecast period.

By installation type, the retrofit installation segment is expected to represent significant revenue growth, recording a value of over US$ 1000 Mn by the end of 2017. However, the new installation segment is expected to register the highest CAGR in the global market throughout 2022.

On the basis of application, the highways & roads segment is expected to represent the highest revenue growth, recording a value of over US$ 1,000 Mn by the end of 2022. On the other hand, the public places segment is expected to register the highest CAGR in the global market throughout 2022.

Competitive Tracking  

Leading market players operating in the global smart poles market include Lumca, Inc, Telensa Limited, Philips Lighting Holding B.V, Acuity Brands Lighting, Inc., Neptun Light, Inc, Maven Systems Pvt. Ltd, Ericsson Inc, Streetscape International LLC, Shanghai Sansi technology Co., LTD and Sunna Design, SA.

Global Smart Pole Market: Overview

The global smart pole market is expected to witness a significant growth attributed to various benefits over the conventional street light poles. Equipped with the smart video cameras, internet connectivity and announcement speakers, demand for smart poles continue to remain high in the global market. Manufacturers are increasingly focusing on installing smart poles attributes to growing need for monitoring and managing the traffic. Further, government in various countries are taking initiatives to encourage smart city. These factors are expected to impact growth of the global smart pole market significantly.

The report provides an in-depth insight on some important aspects of the global smart pole market while offering important analysis on the competitive landscape, important segment, growth patterns and factors driving the market growth.

Global Smart Pole Market: Dynamics

Growth of the global smart pole market is expected to be bound by various macro-economic and micro-economic factors. The global market is significantly driven by the enhanced features such as public charging point, smart video cameras, announcement speakers and internet connectivity. With the growing demand for internet connectivity, the global market is expected to witness significant growth. Increasing demand for monitoring weather and traffic management is expected to contribute towards growth of the global market.

As these poles are equipped with public charging point, the tourists can conveniently charge their devices. Moreover, government in various countries are taking initiatives regarding implementation of the smart city plan. Installation of the multifunctional smart poles further contributes towards development of the city in a smart manner. Attributed to these factors, installation of the smart poles is expected to rev up in various countries. This in turn is expected to impact growth of the global smart pole market positively.

Global Smart Pole Market: Segmentation

The global smart pole market is expected to be segmented on the basis of component, installation type, application and region. In terms of component, the global market is segmented as lighting lamp, communication devices, lamp controller, sensors and software. By installation type, the global market is segmented as new installation and retrofit installation. On the basis of application, the global smart pole market is segmented as highways & roads, railways, harbors and public places. North America is expected to represent a lucrative growth opportunities globally.

The sensors segment on the basis of components is expected to represent the highest growth in terms of revenue. By installation type, the retrofit segment is expected to record a significant growth in terms of revenue. However, the new installation segment is expected to reflect the highest CAGR in the global market. On the basis of application, the highway & roads segment is expected to register the highest revenue growth, whereas adoption of the smart poles will continue to remain high in the public places.

Global Smart Pole Market: Competition

Leading market players in the global market of smart pole include Lumca, Inc, Telensa Limited, Philips Lighting Holding B.V, Acuity Brands Lighting, Inc., Neptun Light, Inc, Maven Systems Pvt. Ltd, Ericsson Inc, Streetscape International LLC, Shanghai Sansi technology Co., LTD and Sunna Design, SA. 


 
 
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