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.

Smart Pole Market: Snapshot

The worldwide smart pole market is required to witness a huge development ascribed to different advantages over the traditional road light poles. Furnished with the smart camcorders, web network and declaration speakers, interest for smart poles keep on remaining high in the worldwide market. Makers are progressively concentrating on introducing smart poles ascribes to developing requirement for observing and dealing with the activity. Further, government in different nations are taking activities to energize smart city. These variables are required to affect development of the worldwide smart pole market altogether.

Smart Pole Market: Trend and Opportunities

Government in different nations are progressively taking activities to execute smart city design in the detached districts. Appropriation of the smart poles in the retrogressive areas of different nations can empower the end clients to interface with the creating districts of the nation and stay refreshed. Establishment of the smart poles is additionally anticipated that would spread out development open doors for different enterprises in the retrogressive locales of different nations.

Outfitted with sensors and smart camcorders, the smart poles help in lessening the activity and clog, which enables the drivers to drive advantageously and securely in the city. Expanding inclination for taxicab administrations among purchasers keeps on revving up interest for web access for following the course. Smart poles will keep on witnessing noteworthy request all around as they are furnished with the web administrations. Bound to these elements, the worldwide smart pole market is relied upon to witness critical development comprehensively.

Then again, moderate improvement in the retrogressive areas of the nation keep on discouraging the market players to make speculations. Contrasted with the regular road lights, the sun oriented road lights require high starting speculation. These elements are probably going to plunge offers of the smart poles in the worldwide market. Additionally, smart poles principally work on the sun oriented vitality and require consistent support in the extraordinary climate conditions. Outrageous climate conditions can upset the working of the smart poles ascribed to gathering of clean, dampness and snow. Credited to these elements, the smart poles are required to restrain development of the worldwide market amid the estimate time frame.

Smart Pole Market: Geographical Analysis

North America held the biggest size of the smart pole market in the year gone by, and the market in Asia Pacific is relied upon to develop at the most noteworthy CAGR within the forecast period. The early appropriation of smart pole frameworks in the US where an immense number of tasks are being embraced either to retrofit smart poles or for new establishments is the primary driving variable for the biggest size of the smart pole market in North America. The market in APAC is relied upon to develop at the most elevated rate due to the expanding government activities in nations, for example Japan, India, China, and Australia to speed up the supplanting of conventional pole frameworks with smart pole frameworks to decrease the heap of energy utilization by road lights.

Smart Pole Market: Companies Mention

The significant players in the biological system of smart pole market are General Electric organization (US), Cree, Inc. (US), Zumtobel Group (Austria), Neptun Light Inc. (US), Sunna Design (France), Goldspar Australia Pty Ltd. (Australia), Philips Lighting Holding B.V. (Netherlands), Hubbell Incorporated (US), Acuity Brands (US), Eaton Corporation (Ireland), SYSKA LED (India), Lumca Inc. (Canada), Virtual Extension Ltd. (Israel), Maven Systems Pvt. Ltd. (India), and Mobile Pro Systems (US).

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