Press release
Smart Adaptive Street Furniture Market Growth Accelerates: Strategic Forecast Predicts $8.41 Billion by 2029
Smart Adaptive Street Furniture Market
What Is the Expected CAGR for the Smart Adaptive Street Furniture Market Through 2025?
The market size for intelligent, adaptive street furniture has seen a fast-paced expansion in the past few years. It is projected to escalate from $4.07 billion in 2024 to $4.72 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 15.9%. The substantial growth in the historic period is due to factors such as increased focus on energy efficiency, heightened adoption of amenities facilitated by the Internet of Things (IoT), surging demand for real-time data analytics, an increased emphasis on improving user experience, and the growing incorporation of renewable energy sources.
What's the Projected Size of the Global Smart Adaptive Street Furniture Market by 2029?
The market size for intelligent, adaptable urban furniture is anticipated to experience rapid expansion in the coming years, reaching a valuation of $8.41 billion in 2029 with a compound annual growth rate (CAGR) of 15.5%. This growth during the predicted timeframe can be linked to the increasing utilization of intelligent lighting systems, further integration with 5G networks, heightened demand for eco-friendly urban development, widespread application of sensor-based tech, and amplified attention to improving the accessibility of public spaces. Key trends expected during this forecast period encompass advancements in IoT-enabled detectors and real-time data analysis, innovations in solar-power and renewable energy integration, progress in the design of modular and flexible street furniture, inventive inclusive and accessible urban infrastructure, and the advancements of AI-driven predictive maintenance and adaptive user interfaces.
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Top Growth Drivers in the Smart Adaptive Street Furniture Industry: What's Accelerating the Market?
The surge in demand for smart city solutions is propelling the market's expansion due to factors like swift urbanization, targets for sustainability, and improved public services.
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What Trends Will Shape the Smart Adaptive Street Furniture Market Through 2029 and Beyond?
Leading businesses in the smart adaptive street furniture market are prioritizing technological advancements, such as utility-grade performance, in an effort to increase reliability, decrease operational expenses and enhance the efficiency of city infrastructure. Utility-grade performance represents a superior level of reliability, durability, and safety that meets the stringent needs of utility and critical infrastructure functioning. As an example, in November 2024, Ubicquia Inc., an American technology firm, unveiled its advanced UbiCell utility-grade universal lighting controller (UGU). This updated controller can work with both cobra head and decorative streetlights, providing utility-grade performance along with robust surge protection and refined electrical diagnostics. Leveraging Ubicquia's UbiVu cloud-driven artificial intelligence (AI) platform, it offers real-time tracking of 32 data points every hour, allowing for timely maintenance, better energy efficiency and reduced operational costs.
What Are the Main Segments in the Smart Adaptive Street Furniture Market?
The smart adaptive street furniture market covered in this report is segmented
1) By Product Type: Benches, Lighting, Waste Bins, Information Kiosks, Charging Stations, Other Product Types
2) By Technology: Internet of Things-Enabled, Sensor-Based, Solar-Powered, Other Technologies
3) By Application: Urban Areas, Parks, Transportation Hubs, Commercial Spaces, Other Applications
Subsegments:
1) By Benches: Smart Benches, Modular Benches, Solar-Powered Benches, Interactive Benches
2) By Lighting: Smart Streetlights, Solar-Powered Lighting, Motion-Sensor Lighting, Decorative Lighting
3) By Waste Bins: Smart Waste Bins, Solar-Powered Waste Bins, Recycling Waste Bins, Self-Compacting Waste Bins
4) By Information Kiosks: Digital Information Kiosks, Interactive Information Kiosks, Touchscreen Information Kiosks, Wayfinding Information Kiosks
5) By Charging Stations: Electric Vehicle Charging Stations, Solar-Powered Charging Stations, Wireless Charging Stations, Public Device Charging Stations
6) By Other Product Types: Smart Bicycle Stands, Smart Shelters, Air Quality Monitoring Units, Digital Signage
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Which Top Companies are Driving Growth in the Smart Adaptive Street Furniture Market?
Major companies operating in the smart adaptive street furniture market are Delta Electronics Inc., Signify N.V., Valmont Industries Inc., JCDecaux SA, Daktronics Inc., Schréder Group, Landscape Forms Inc., Lappset Group Oy, Soofa Inc., Ekin Smart City Solutions, Iysert Energy Research & Development Pvt. Ltd., Bigbelly Solar LLC, Strawberry Energy Ltd., SEEDiA Sp. z o.o., EnGoPlanet Energy Solutions LLC, Sunbolt LLC, Cartelmatic SAS, ZANO Street Furniture Ltd., City Gecko d.o.o., and Polymobyl SA.
Which Regions Will Dominate the Smart Adaptive Street Furniture Market Through 2029?
Europe was the largest region in the smart adaptive street furniture market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in smart adaptive street furniture report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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