Press release
Smart Pole Market: Unveiling the Potential of a $26.6 Billion Market by 2029
Smart Pole Market
What Is The Projected Market Size Of The Global Smart Pole Market And Its Growth Rate?
The smart pole market has demonstrated a remarkable growth in recent years and is anticipated to advance further:
• The market value was $11.73 billion in 2024, which increased to $13.5 billion in 2025. This reflects a compound annual growth rate (CAGR) of 15.1%
• Factors such as energy efficiency, government initiatives, safety, security concerns, and smart city initiatives contributed to this growth period
• The market is projected to scale up to $26.6 billion by 2029, with a CAGR of 18.5%.
• This forecasted growth will be driven by factors such as integration of renewable energy, electric vehicle (EV) charging, infrastructure modernization, demand for environmental monitoring, and public Wi-Fi
What Is Driving The Growth In The Smart Pole Market?
The advent and increase in smart roads globally contribute significantly to the growth of the smart pole market. Smart roads mean equipped roads featuring smart streetlights, traffic lights, and other smart technologies offering safe and secure transportation. They use advanced communication networks, IoT sensor networks, data, and MI/AL technologies to gather information from traffic lights, parking meters, air quality, among others. This data, in turn, aids efficient traffic movement, reduction in congestion and offers secure passage for people. For instance, in Europe, according to the study published in Tomorrow City, an interdisciplinary research hub, more than EUR 421 million has been invested in the development of 69 mobility projects. Therefore, a surge in the number of smart roads is expected to catalyze the smart pole market in the forecast period.
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Who Are the Key Players Driving Smart Pole Market Growth?
Key players leading the smart pole market include:
• Signify Holding NV
• Silver Spring Networks Inc.
• Telensa Holdings Limited
• Wipro Limited
• Zumtobel Group AG
• Cree Inc.
• Eaton Corporation PLC
• Echelon Corporation
• General Electric Company
• Siemens AG
• Iram Technologies Private Limited
• Efftronics Systems Private Limited
• Shanghai Sansi Electronic Engineering Co. Ltd.
What Are The Key Trends In The Smart Pole Market?
Noteworthy trends in the smart pole market are:
• Use of Artificial Intelligence (AI) in surveillance
• Adoption of Lidar and 3D scanning
• Development of 5G-ready infrastructure
• Integration with edge computing
• Incorporation IoT sensors
What Are The Segments Of The Global Smart Pole Market?
The global smart pole market encompasses the following segments:
1) By Hardware: Lighting Lamp, Pole Bracket & Pole Body, Communication Device, Controller, Other Hardware
2) By Installation Type: New Installation, Retrofit Installation
3) By Application: Highways & Roadways, Public Places, Railways & Harbors
Which Region Leads The Smart Pole Market?
North America emerged as the largest region in the smart pole market in 2024. Asia-Pacific, however, is expected to be the fastest-growing region in the forecast period. The smart pole market report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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What Is Covered In The Smart Pole Market Global Market Report?
• Market Size Analysis: Analyze the Smart Pole Market size by key regions, countries, product types, and applications.
• Market Segmentation Analysis: Identify various subsegments within the Smart Pole Market for effective categorization.
• Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
• Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
• Market Contribution: Evaluate contributions of different segments to the overall Smart Pole Market growth.
• Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
• Industry Challenges: Analyze challenges and risks affecting the Smart Pole Market.
• Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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