Smart Street Lights Market Research Report – Forecast to 2030

Smart Street Lights Market Research Report – By Component (Hardware, Software, & Services), by Networking Technology (Narrowband, Broad-Band), By Applications (Smart Parking, Street Light Management), By End-users - Forecast till 2030

ID: MRFR/SEM/4510-HCR | February 2021 | Region: Global | 100 Pages         

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Porter’s Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining power of buyers

4.1.3 Threat of substitutes

4.1.4 Segment rivalry

4.1.5 Bargaining power of Suppliers

4.2 Value Chain/Supply Chain of Global Smart/Connected Street Lights Market

5 Industry Overview of Global Smart/Connected Street Lights Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact analysis

7. Global Smart/Connected Street Lights Market by Component

7.1 Introduction

7.2 Hardware

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast by Region, 2020-2027

7.3 Software

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast by Region, 2020-2027

7.4 Services

7.4.1 Market Estimates & Forecast, 2020-2027

7.4.2 Market Estimates & Forecast by Region, 2020-2027

8. Global Smart/Connected Street Lights Market by Hardware

8.1 Introduction

8.2 LED arrays

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast by Region, 2020-2027

8.3 Sensors

8.3.1 Market Estimates & Forecast, 2020-2027

8.3.2 Market Estimates & Forecast by Region, 2020-2027

8.4 Communication Module

8.4.1 Market Estimates & Forecast, 2020-2027

8.4.2 Market Estimates & Forecast by Region, 2020-2027

8.5 Others

8.5.1 Market Estimates & Forecast, 2020-2027

8.5.2 Market Estimates & Forecast by Region, 2020-2027

9. Global Smart/Connected Street Lights Market by Services

9.1 Introduction

9.2 Professional Services

9.2.1 System Integrations

9.2.1.1 Market Estimates & Forecast, 2020-2027

9.2.1.2 Market Estimates & Forecast by Region, 2020-2027

9.2.2 Training & Implementation

9.2.2.1 Market Estimates & Forecast, 2020-2027

9.2.2.2 Market Estimates & Forecast by Region, 2020-2027

9.2.3 Others

9.2.3.1 Market Estimates & Forecast, 2020-2027

9.2.3.2 Market Estimates & Forecast by Region, 2020-2027

9.3 Managed Services

9.3.1 Market Estimates & Forecast, 2020-2027

9.3.2 Market Estimates & Forecast by Region, 2020-2027

10. Global Smart/Connected Street Lights Market by Networking Technology

10.1 Introduction

10.2 Narrowband

10.2.1 Sigfox

10.2.1.1 Market Estimates & Forecast, 2020-2027

10.2.1.2 Market Estimates & Forecast by Region, 2020-2027

10.2.2 LoRa

10.2.2.1 Market Estimates & Forecast, 2020-2027

10.2.2.2 Market Estimates & Forecast by Region, 2020-2027

10.2.3 RPMA

10.2.3.1 Market Estimates & Forecast, 2020-2027

10.2.3.2 Market Estimates & Forecast by Region, 2020-2027

10.2.4 Others

10.2.4.1 Market Estimates & Forecast, 2020-2027

10.2.4.2 Market Estimates & Forecast by Region, 2020-2027

10.3 Medium Band

10.3.1 Power Line Carrier

10.3.1.1 Market Estimates & Forecast, 2020-2027

10.3.1.2 Market Estimates & Forecast by Region, 2020-2027

10.3.2 Radio Frequency

10.3.2.1Market Estimates & Forecast, 2020-2027

10.3.2.2 Market Estimates & Forecast by Region, 2020-2027

10.3.3 Others

10.3.3.1Market Estimates & Forecast, 2020-2027

10.3.3.2 Market Estimates & Forecast by Region, 2020-2027

10.4 Broadband

10.4.1 3G/4G cellular

10.4.1.1 Market Estimates & Forecast, 2020-2027

10.4.1.2 Market Estimates & Forecast by Region, 2020-2027

10.4.2 Wi-Fi

10.4.2.1 Market Estimates & Forecast, 2020-2027

10.4.2.2Market Estimates & Forecast by Region, 2020-2027

10.4.3 Others

10.4.3.1 Market Estimates & Forecast, 2020-2027

10.4.3.2Market Estimates & Forecast by Region, 2020-2027

11. Global Smart/Connected Street Lights Market by Applications

11.1 Introduction

11.2 Environmental Monitoring

11.2.1 Market Estimates & Forecast, 2020-2027

11.2.2 Market Estimates & Forecast by Region, 2020-2027

11.3 Traffic Monitoring

11.3.1 Market Estimates & Forecast, 2020-2027

11.3.2 Market Estimates & Forecast by Region, 2020-2027

11.4 Smart Parking

11.4.1 Market Estimates & Forecast, 2020-2027

11.4.2 Market Estimates & Forecast by Region, 2020-2027

11.5 Street Light Management

11.5.1 Market Estimates & Forecast, 2020-2027

11.5.2 Market Estimates & Forecast by Region, 2020-2027

11.6 Video Surveillance

11.6.1 Market Estimates & Forecast, 2020-2027

11.6.2 Market Estimates & Forecast by Region, 2020-2027

11.7 Public Messaging

11.7.1 Market Estimates & Forecast, 2020-2027

11.7.2 Market Estimates & Forecast by Region, 2020-2027

11.8 Others

11.8.1 Market Estimates & Forecast, 2020-2027

11.8.2 Market Estimates & Forecast by Region, 2020-2027

12 Global Smart/Connected Street Lights Market by End-User

12.1 Introduction

12.2 Residential (urban and rural)

12.2.1 Market Estimates & Forecast, 2020-2027

12.2.2 Market Estimates & Forecast by Region, 2020-2027

12.3 Retail

12.3.1 Market Estimates & Forecast, 2020-2027

12.3.2 Market Estimates & Forecast by Region, 2020-2027

12.4 Transportation

12.4.1 Market Estimates & Forecast, 2020-2027

12.4.2 Market Estimates & Forecast by Region, 2020-2027

12.5 Automotive

12.5.1 Market Estimates & Forecast, 2020-2027

12.5.2 Market Estimates & Forecast by Region, 2020-2027

12.6 Industrial

12.6.1 Market Estimates & Forecast, 2020-2027

12.6.2 Market Estimates & Forecast by Region, 2020-2027

12.7 Others

12.7.1 Market Estimates & Forecast, 2020-2027

12.7.2 Market Estimates & Forecast by Region, 2020-2027

13. Global Smart/Connected Street Lights Market by Region

13.1 Introduction

13.2 North America

13.2.1 Market Estimates & Forecast, 2020-2027

13.2.2 Market Estimates & Forecast by Component, 2020-2027

13.2.3 Market Estimates & Forecast by Networking Technology, 2020-2027

13.2.4 Market Estimates & Forecast by Applications, 2020-2027

13.2.5 Market Estimates & Forecast by End-User, 2020-2027

13.2.6 U.S.

13.2.6.1 Market Estimates & Forecast by Component, 2020-2027

13.2.6.2 Market Estimates & Forecast by Networking Technology, 2020-2027

13.2.6.3 Market Estimates & Forecast by Applications, 2020-2027

13.2.6.4 Market Estimates & Forecast by End-User, 2020-2027

13.2.7 Canada

13.2.7.1 Market Estimates & Forecast by Component, 2020-2027

13.2.7.2 Market Estimates & Forecast by Networking Technology, 2020-2027

13.2.7.3 Market Estimates & Forecast by Applications Type, 2020-2027

13.2.7.4 Market Estimates & Forecast by End-User, 2020-2027

13.3 Europe

13.3.1 Market Estimates & Forecast, 2020-2027

13.3.2 Market Estimates & Forecast by Component, 2020-2027

13.3.3 Market Estimates & Forecast by Networking Technology, 2020-2027

13.3.4 Market Estimates & Forecast by Applications Type, 2020-2027

13.3.5 Market Estimates & Forecast by End-User, 2020-2027

13.3.6 Germany

13.3.6.1 Market Estimates & Forecast by Component, 2020-2027

13.3.6.2 Market Estimates & Forecast by Networking Technology, 2020-2027

13.3.6.3 Market Estimates & Forecast by Applications Type, 2020-2027

13.3.6.4 Market Estimates & Forecast by End-User, 2020-2027

13.3.7. France

13.3.7.1 Market Estimates & Forecast by Component, 2020-2027

13.3.7.2 Market Estimates & Forecast by Networking Technology, 2020-2027

13.3.7.3 Market Estimates & Forecast by Applications Type, 2020-2027

13.3.7.4 Market Estimates & Forecast by End-User, 2020-2027

13.3.8. U.K

13.3.8.1 Market Estimates & Forecast by Component, 2020-2027

13.3.8.2 Market Estimates & Forecast by Networking Technology, 2020-2027

13.3.8.3 Market Estimates & Forecast by Applications Type, 2020-2027

13.3.8.4 Market Estimates & Forecast by End-User, 2020-2027

13.3.9. Rest of Europe

13.3.9.1 Market Estimates & Forecast by Component, 2020-2027

13.3.9.2 Market Estimates & Forecast by Networking Technology, 2020-2027

13.3.9.3 Market Estimates & Forecast by Applications Type, 2020-2027

13.3.9.4 Market Estimates & Forecast by End-User, 2020-2027

13.4 Asia Pacific

13.4.1 Market Estimates & Forecast, 2020-2027

13.4.2 Market Estimates & Forecast by Component, 2020-2027

13.4.3 Market Estimates & Forecast by Networking Technology, 2020-2027

13.4.4 Market Estimates & Forecast by Applications Type, 2020-2027

13.4.5 Market Estimates & Forecast by End-User, 2020-2027

13.4.6 China

13.4.6.1 Market Estimates & Forecast by Component, 2020-2027

13.4.6.2 Market Estimates & Forecast by Networking Technology, 2020-2027

13.4.6.3 Market Estimates & Forecast by Applications Type, 2020-2027

13.4.6.4 Market Estimates & Forecast by End-User, 2020-2027

13.4.7 India

13.4.7.1 Market Estimates & Forecast by Component, 2020-2027

13.4.7.2 Market Estimates & Forecast by Networking Technology, 2020-2027

13.4.7.3 Market Estimates & Forecast by Applications Type, 2020-2027

13.4.7.4 Market Estimates & Forecast by End-User, 2020-2027

13.4.8 Japan

13.4.8.1 Market Estimates & Forecast by Component, 2020-2027

13.4.8.2 Market Estimates & Forecast by Networking Technology, 2020-2027

13.4.8.3 Market Estimates & Forecast by Applications Type, 2020-2027

13.4.8.4 Market Estimates & Forecast by End-User, 2020-2027

13.4.9 Rest of Asia Pacific

13.4.9.1 Market Estimates & Forecast by Component, 2020-2027

13.4.9.2 Market Estimates & Forecast by Networking Technology, 2020-2027

13.4.9.3 Market Estimates & Forecast by Applications Type, 2020-2027

13.4.9.4 Market Estimates & Forecast by End-User, 2020-2027

13.5 Rest of the World

13.5.1 Market Estimates & Forecast, 2020-2027

13.5.2 Market Estimates & Forecast by Component, 2020-2027

13.5.3 Market Estimates & Forecast by Networking Technology, 2020-2027

13.5.4 Market Estimates & Forecast by Applications Type, 2020-2027

13.5.5 Market Estimates & Forecast by End-User, 2020-2027

13.5.6 The Middle East & Africa

13.5.6.1 Market Estimates & Forecast by Component, 2020-2027

13.5.6.2 Market Estimates & Forecast by Networking Technology, 2020-2027

13.5.6.3 Market Estimates & Forecast by Applications Type, 2020-2027

13.5.6.4 Market Estimates & Forecast by End-User, 2020-2027

13.5.7 Latin Countries

13.5.7.1 Market Estimates & Forecast by Component, 2020-2027

13.5.7.2 Market Estimates & Forecast by Networking Technology, 2020-2027

13.5.7.3 Market Estimates & Forecast by Applications Type, 2020-2027

13.5.7.4 Market Estimates & Forecast by End-User, 2020-2027

14 Company Landscape

15. Company Profiles

15.1 General Electric (U.S.)

. 15.1.1 Company Overview

15 1.2 Product/Business Segment Overview

15.1.3 Financial Updates

15.1.4 Key Developments

15.2 Koninklijke Philips N.V (The Netherlands)

15.2.1 Company Overview

15.2.2 Product/Business Segment Overview

15.2.3 Financial Updates

15.2.4 Key Developments

15.3 Telensa (U.K.)

15.3.1 Company Overview

15.3.2 Product/Business Segment Overview

15.3 3 Financial Updates

15.3.4 Key Developments

15.4 +Silver Spring (U.S.)

15.4.1 Company Overview

15.4.2 Product/Business Segment Overview

15.4 3 Financial Updates

15.4.4 Key Developments

15.5 Echelon (U.S.)

15.5.1 Company Overview

15.5.2 Product/Business Segment Overview

15.5.3 Financial Updates

15.5.4 Key Developments

15.6 Osram AG ( Germany)

15.6.1 Company Overview

15.6.2 Product/Business Segment Overview

15.6.3 Financial Updates

15.6.4 Key Developments

15.7 Cisco system (U.S.)

15.7.1 Company Overview

15.7.2 Product/Business Segment Overview

15.7.3 Financial Updates

15.7 4 Key Developments

15.8 Triliant holdings Inc.(U.S.)

15.8.1 Company Overview

15.8.2 Product/Business Segment Overview

15.8.3 Financial Updates

15.8 4 Key Developments

15.9 AxiomTek (U.S.)

15.9.1 Company Overview

15.9.2 Product/Business Segment Overview

15.9.3 Financial Updates

15.9 4 Key Developments

15.10 Tech Mahindra (India)

15.10.1 Company Overview

15.10.2 Product/Business Segment Overview

15.10.3 Financial Updates

15.10 4 Key Developments

16 Conclusion

LIST OF TABLES

Table1 Global Smart/Connected Street Lights Market: By Region, 2020-2027

Table2 North America Smart/Connected Street Lights Market: By Country, 2020-2027

Table3 Europe Smart/Connected Street Lights Market: By Country, 2020-2027

Table4 Asia Pacific Smart/Connected Street Lights Market: By Country, 2020-2027

Table5 The Middle East & Africa Smart/Connected Street Lights Market: By Country, 2020-2027

Table6 Latin America Smart/Connected Street Lights Market: By Country, 2020-2027

Table7 Global Smart/Connected Street Lights by Type Market: By Regions, 2020-2027

Table8 North America Smart/Connected Street Lights by Type Market: By Country, 2020-2027

Table9 Europe Smart/Connected Street Lights by Type Market: By Country, 2020-2027

Table10 Asia Pacific Smart/Connected Street Lights by Type Market: By Country, 2020-2027

Table11 The Middle East & Africa Smart/Connected Street Lights by Type Market: By Country, 2020-2027

Table12 Latin America Smart/Connected Street Lights by Type Market: By Country, 2020-2027

Table13 Global Smart/Connected Street Lights by Application Market: By Regions, 2020-2027

Table14 North America Smart/Connected Street Lights by Application Market: By Country, 2020-2027

Table15 Europe Smart/Connected Street Lights by Application Market: By Country, 2020-2027

Table16 Asia Pacific Smart/Connected Street Lights by Application Market: By Country, 2020-2027

Table17 The Middle East & Africa Smart/Connected Street Lights by Application Market: By Country, 2020-2027

Table18 Latin America Smart/Connected Street Lights by Application Market: By Country, 2020-2027

Table19 North America Smart/Connected Street Lights for Application Market: By Country, 2020-2027

Table20 Europe Smart/Connected Street Lights for Application Market: By Country, 2020-2027

Table21 Asia Pacific Smart/Connected Street Lights for Application Market: By Country, 2020-2027

Table22 The Middle East & Africa Smart/Connected Street Lights for Application Market: By Country, 2020-2027

Table23 Global Type Market: By Region, 2020-2027

Table24 Global Application Market By Region, 2020-2027

Table25 Global Application Market By Region, 2020-2027

Table26 North America Smart/Connected Street Lights Market, By Country

Table27 North America Smart/Connected Street Lights Market, By Type

Table28 North America Smart/Connected Street Lights Market, By Application

Table29 Europe Smart/Connected Street Lights Market, By Application

Table30 Europe Smart/Connected Street Lights Market, By Type

Table31 Asia Pacific Smart/Connected Street Lights Market, By Country

Table32 Asia Pacific Smart/Connected Street Lights Market, By Type

Table33 Asia Pacific Smart/Connected Street Lights Market, By Application

Table34 The Middle East & Africa: Smart/Connected Street Lights Market, By Country

Table35 The Middle East & Africa Smart/Connected Street Lights Market, By Type

Table36 The Middle East & Africa Smart/Connected Street Lights Market, By Application

Table37 Latin America: Smart/Connected Street Lights Market, By Country

Table38 Latin America Smart/Connected Street Lights Market, By Type

Table39 Latin America Smart/Connected Street Lights Market, By Application

LIST OF FIGURES

FIGURE 1 Global Smart/Connected Street Lights Software market segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis of Global Smart/Connected Street Lights Software Market

FIGURE 4 Value Chain of Global Smart/Connected Street Lights Software Market

FIGURE 5 Share of Global Smart/Connected Street Lights Software Market in 2020, by country (in %)

FIGURE 6 Global Smart/Connected Street Lights Software Market, 2020-2027,

FIGURE 7 Sub segments of Type

FIGURE 8 Global Smart/Connected Street Lights Software Market size by Type , 2020

FIGURE 8 Share of Global Smart/Connected Street Lights Software Market by Type , 2020 TO 2027

FIGURE 9 Global Smart/Connected Street Lights Software Market size by Application, 2020

FIGURE 10 Share of Global Smart/Connected Street Lights Software Market by Application, 2020 TO 2027

FIGURE 13 Global Smart/Connected Street Lights Software Market size by Industry, 2020

FIGURE 12 Share of Global Smart/Connected Street Lights Software Market by Industry, 2020 TO 2027

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Smart Street Lights Market Overview


The smart street lights control was valued at a whopping USD 250 million during the previous that ended in 2020. The technical advancements and growing presence of innovative solutions are further presenting enormous expansion opportunities to the market and hence, during the ongoing forecast period of 2020-2030, the smart street lights market is expected to grow at a 23.4% CAGR and help the market reach a final valuation of 14,751.1 million by the end of the forecast period in 2030.


The Smart/Connected Street Lights Market trends are being recognized as an intelligent technology that have a major role to play in the lighting system industry. These help to adjust automatically based on the real-time road conditions and also change as per realistic conditions. Also, there are many lighting devices that have been deployed and are largely focusing on the development of the traditional lighting technologies. Also, the energy conservation methods are undergoing a major spread of information and awareness alongside the efficient lighting techniques. Also, the Smart/Connected Street Lights Market trends are enjoying global limelight which is likely to attract players from various mushrooming regions across the globe. Also, smart lighting includes various inmates like camera and wireless systems that are gaining a major momentum and growth prospects for the smart street lights market during the ongoing forecast period that ends in 2023.


The Smart/Connected Street Lights Market, 2017-2023 (USD Million)


 Smart Street Lights Market


Source: MRFR Analysis


COVID 19 Analysis


The coronavirus disease has entered the life of people and businesses in such a way that it has not only introduced new styles of functioning and keeping up with market trends but also presented major challenges which are hurting the ability of the market companies and players to produce as per the demand capacity of the target audience. Due to the COVID 19 outbreak, new projects that were on the way across various global regions have been at halt since the arrival of the pandemic and hence, this has led to a major decline in the demand for analog semiconductors. Most of the global factories, production, and manufacturing units have been struggling all this will to integrate new methods that cope up with the trends and also, maintain a proper supply chain mechanism.


However, the trends suggest that the impact of the pandemic is temporary and the production is likely to meet the supply quantum and hence, attain market equilibrium. The forecast for the market is expected to rise in the forecast period of 2017-2023. Also, the pandemic is pushing the key market players to come up with advanced and innovative solutions that will help in enhancing the efficiency of the products and fulfill the demands, as presented by the key market players.


Smart Street Lights Market Dynamics


Drivers


The target audience is increasing their adoption of the light-emitting diodes (LEDs)and also, this is giving rise to the street of street lighting system on a tremendous scale. The commercial setups backed with a high penetration of the connected street light technology as a part of the smart city projects are going to act as major drivers for market growth shortly. Also, utility companies and government institutions are adopting the use of smart lighting technology that will help to save and reduce carbon emissions during the forecast period that ends in 2023. Also, during the forecast period, the prominent market players are catering to the rising demand for greener strategies and help the worldwide goal of introducing and meeting sustainable development during the forecast period of 2017-2023.


Restraints


However, the smart street lights market leaders predict various challenges for the market during the forecast period of 2017-2023. The developing countries and economies have a poor infrastructure which is a result of an underdeveloped network structure alongside the low internet penetration. This is also leading to a low bandwidth availability which is further bringing new challenges for the market on the way of its growth during the forecast period ending in 2023.


Technology Analysis


The prominent players of the smart street lights smart street lights market are opting for collaborations with the government and public sector for the development and mass availability of sensors and wireless technology. Also, the target audience is investing in research programs and awareness programs related to energy conservation steps and efficient techniques related to lighting. These are enjoying the deserving limelight and attention. These are presenting excellent prospects for the smart street lights market to expand its scale of operations. Sustainable development is one of the major goals of the companies for a judicious tomorrow which the prominent players are taking seriously. Also, the advancement of sensors and wireless technologies is presenting advantageous prospects for the global growth of the market during the forecast period. Also, the companies are pushing for wide adoption of lighting technologies and also encouraging the target audience to make use of these amongst various manufacturing units and industry vertices.


Study Objectives



  • To study the prospects of the smart street lights market based on the insights for the forecast period of 2017-2023

  • To analyze the scope of the market segments amongst various global locations

  • To study the competitive degree prevailing in the smart street lights market based on the recent developments of the companies in the recent years and have an impact on the growth prediction that has been predicted based on the market trends, market leaders, and leading market experts.


Smart Street Lights Market Segment Overview


The smart street lights market size is expanding because of the functions undertaken by the market segments that are functional in various global regions across the globe. The market has been segmented based on the following:


Components


The smart street lights market deals in hardware, and software amongst others. The hardware segment of the market is inclusive of LED lamps, sensors and switches, sodium vapor lamps, and drivers and ballasts, amongst others. 


Connectivity


The connectivity segments deals in wired that is power line communication and wireless communication.


Networking Technology


The smart street lights market deals in using network technology like broadband, narrowband, alongside the medium band.


Applications


Based on the vibrant demand of the target audience includes its availability amongst applications like video surveillance, traffic monitoring, and environmental monitoring.


Industries


The smart street lights market helps in providing its services to various kinds of industry verticles like commercial and pharmaceutical, amongst others.


Smart Street Lights Market Regional Analysis


In recent years, smart street lights are expected to enjoy excellent momentum across the North American smart street lights market. The main reason behind this is the project benefits being rendered by intelligent road painting. This will help in decreasing the power usage. Also, this is useful to the industry and its verticles along with most of the businesses and the public departments in the UK region.


The region is experiencing a huge rise in intelligent road painting alternates. Also, the APAC region is witnessing a deep requirement for energy-efficient alternatives and will help in increasing the building and construction sector functioning in the APAC region.


Smart Street Lights Market Competitive Landscape


The prominent players of the market that will help the market expand as per the predicted figures are mentioned as follows:



  • GE Lighting

  • SYSKA LED Lights

  • Eveready Industries India Ltd.

  • Philips Lighting

  • Havells India Ltd.

  • Acuity Brands

  • Flashnet

  • Telensa

  • GridComm

  • Bajaj Electricals

  • Itron

  • Osram Licht AG

  • Signify


Recent Developments



  • Philips Lighting will help in ensuring energy-efficient LED street lighting in Ameland - an island in the Netherlands. Philips ClearSky is a light spectrum that particularly intends to reduce the harm and harshness faced by migrator birds. Also, the availability of a fresh and strong infrastructure will help in attaining sustainable objects that will help in energy saving and reducing the pollution levels during the forecast period of 2017-2023.

  • Itron Inc. announced its collaboration with VINCI Energies’ Electrix and Transport Canberra and City Services. This will help in creating an Internet of Things network for the Industries and help in supporting this technology and the idea of developing smart cities and energy solutions in Canberra which is the capital of Australia. This is known to be the largest stand-alone lighting project in Australia. This idea was announced in April 2019.

  • In the same year, a collaboration between Samsung SDS and Telensa was announced for the development of smart cities initiatives. Both the companies are working as a team for the development of intelligent street lighting.


Report Overview


The global market research report helps in depicting the rate at which the market will rise and reach the predicted market valuation during the forecast period. The report helps to discuss the market dynamics and segments that are functional in various global regions. The report helps to understand the competitive degree prevailing amongst the market players by noticing the recent developments undertaken by the market during the period that will likely impact the positive attributes available to the global market operations. The report considers and highlights the viewpoints as stated by the industry leaders and market experts to have an idea about the market prospects.

Report Scope:
Report Attribute/Metric Details
  Market Size   14751.1 Million
  CAGR   23.4%
  Base Year   2019
  Forecast Period   2020-2030
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Component, by Networking Technology, By Applications
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   General Electric (U.S.), Koninklijke Philips N.V (The Netherlands), Telensa (U.K.), Silver Spring (U.S.), Echelon (U.S.), Osram AG ( Germany), Cisco system (U.S.) , Trilliant holdings Inc.(U.S.), AxiomTek (U.S.),and Tech Mahindra (India).
  Key Market Opportunities   The growth is due to increased investment to boost wireless technology for providing smart parking and related solutions in the urban sectors.
  Key Market Drivers   Increasing demand for energy-efficient LED lights, emergence of the Internet of things, and constant innovation in mobile networks are some of the major factors driving the growth of smart/connected streetlights market over the forecast period.


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Frequently Asked Questions (FAQ) :

Global smart/connected street lights market is projected to grow at approximately 23.4% CAGR during the assessment period (2020-2030).

The valuation of the global smart/connected street lights market is estimated to increase to 14751.1 million by the end of 2030.

Increasing preference for energy conservation and the rising demand for high quality LED illumineers are tailwinds pushing the growth of the global smart/connected street lights market.

Koninklijke Philips N.V (The Netherlands), General Electric (U.S.), Telensa (U.K.), Echelon (U.S.), Silver Spring (U.S.), Osram AG ( Germany), Trilliant holdings Inc.(U.S.), Cisco system (U.S.) , AxiomTek (U.S.),and Tech Mahindra (India), are some of the top players operating in the global smart/connected street lights market.

Europe is expected to hold the highest market share in the global smart/connected street lights market.