According to the latest report by IMARC Group, titled “Smart Pole Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global smart pole market is expected to exhibit a CAGR of 17.1% during 2022-2027.
Smart pole refers to a lighting system that is integrated with artificial intelligence (AI) sensors, wireless connectivity, intelligent light emitting diode (LED) lighting, and 5G technology to create a smart city. It utilizes cell-based stations present within the pole that communicate information between multiple parties through real-time data. Smart poles are commonly used as charging stations for electric vehicles (EVs) and are built with surveillance systems to monitor air quality, traffic, gatherings, crimes, accidents, and unauthorized parking.
Market Trends:
Rapid urbanization and the rising need to efficiently manage assets and infrastructure are primarily driving the global smart pole market. Besides this, governments of several nations have been focusing on developing smart city projects and applying the Internet of Things (IoT) to improve air quality, traffic flow, and establish advertising systems, which is further propelling the market growth. Apart from this, the increasing usage of 5G wireless connectivity in smart poles has led to a significant improvement in mobile networks across the globe, which is creating a positive outlook for the market.
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Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the smart pole market has been studied in the report with the detailed profiles of the key players operating in the market.
Major Players Covered:
- Acuity Brands Lighting Inc
- Cree Inc.
- General Electric Company
- Lumca Inc.
- Mobile Pro Systems
- Neptun Light Inc.
- Siemens AG
- Signify Holding
- Sunna Design
- Telensa Limited
- Wipro Limited
- Zumtobel Group
Key Market Segmentation:
The report has segmented the smart pole market on the basis of component, hardware, installation type, application and region.
Based on Component:
- Hardware
- Software
- Services
Based on Hardware:
- Lighting Lamp
- Pole Bracket & Pole Body
- Communication Device
- Controller
- Others
Based on Installation Type:
- New Installation
- Retrofit
Based on Application:
- Highways and Roadways
- Public Places
- Railways and Harbors
Geographical Analysis:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Industry Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
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