Connected Smart Street Light Market Revolution Demand and Forecast to 2030

Connected smart street lights can perform multiple functions, such as traffic monitoring, public safety monitoring and auto-dimming based on changes in weather conditions among others. Also, it can measure air pollution levels and notify when the toxicity of the air increases. Increasing awareness regarding energy-efficient solutions, growing demand for intelligence lighting systems, and new smart city projects are fueling market growth.According to the report, the global connected smart street light market is estimated to account for over US$ 350 Mn by 2019. The market is anticipated to grow at a CAGR of 19.88% from 2019 to 2030.
Top Key Players:
Some of the prominent players in the connected smart street light market include Cisco Systems, Inc., Signify Holding., Itron Inc., Telensa,, OSRAM GmbH, Schréder, Huawei Technologies Co., Ltd., and ACUITY BRANDS LIGHTING, INC., among others.
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Regional Overview:
Europe accounted for the largest market share globally for the past few years. However, Asia-Pacific is expected to grow with the highest CAGR during the forecast period due to governments in the region taking up smart initiatives, especially in China, India, Japan, South Korea, and Hong Kong.  For instance, in 2019, the Hong Kong government has planned to install about 400 multifunction street lamps, which are capable of collecting information related to air quality, traffic flow, and weather.
The research study includes profiles of leading companies operating in the global connected (smart) street light market. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments. Parameters such as investments and R&D activities by major players have been tracked.
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Segments Covered
The global connected (smart) street lights market is segmented on the basis of connectivity and component.
Global Connected  Smart  Street Lights Market By Connectivity
  • Wired
  • Wireless
Global Connected Smart Street Lights Market By Component
  • Hardware
  • Sensors
  • Controllers/Relays
  • Others
  • Software
  • Services

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