Press release
Smart Pole Market : Understanding the Key Product Segments and their Future
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.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.
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.
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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.
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.
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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.
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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.
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