Global Connected (Smart) Street Light Market By Component (Hardware, Software & Services), By Networking Technology (Narrowband, Medium Band and Broadband), By Region, Competition, Forecast & Opportunities, 2024

The global connected (smart) street light market is forecast to grow at a CAGR of over 19% during the forecast period, on account of infrastructure development aimed at transforming cities into smart cities. Development of wireless technologies & sensors and new streetlights such as LED, which are more efficient than the regular streetlights is bolstering the market growth. The increasing demand for intelligent solutions for street lighting is expected to drive the global connected (smart) street light market through 2024. Another factor anticipated to positively impact the market growth is low cost, increasing adoption of LEDs and growing awareness among people about saving energy.

Smart or connected streetlights help cities in cutting cost by reducing maintenance cost and dimming lights. Global connected (smart) streetlight can be segmented based on component and networking technology. Based on components, the hardware segment includes light source, drivers and ballast, sensors, switches, controllers and others. As the hardware segment is the integral element of the smart street light market, the segment is poised to grow at a high rate during the forecast period.

Technological innovations are resulting in the demand for connected (smart) street lighting systems. Europe dominated the global connected street light market in 2018, with countries such as the UK, Germany and France dominating the regional market, primarily on account of the early adoption of connected streetlights and initiatives taken by the government agencies of the region.

Major players operating in the global connected (smart) street light market include Current, powered by GE, Philips Lighting, Toshiba Lighting, Citelum, OSRAM Licht Group, Signify NV, etc. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments. Philipps Lighting N.V. launched CityTouch ready luminaries, which can be integrated with the CityTouch platform to offer smart streetlights.

Years considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020-2024

Objective of the Study:

• To analyze and forecast the global connected (smart) street light market size.


• To classify and forecast the global connected (smart) street light market based on component, networking technology and regional distribution.


• To identify drivers and challenges for the global connected (smart) street light market.


• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global connected (smart) street light market.


• To conduct the pricing analysis for the global connected (smart) street light market.


• To identify and analyze the profile of leading players operating in the global connected (smart) street light market.

Some of the leading players in the global connected (smart) street light market include Current, powered by GE, Philips Lighting, Toshiba Lighting, Citelum, OSRAM Licht Group, Signify NV, etc.

Both primary as well as exhaustive secondary research was conducted for this study. Initially, the researchers sourced a list of manufacturers across the globe were analysed. Subsequently, primary research surveys were conducted with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the manufacturers which could not be identified due to the limitations of secondary research could be included. The manufacturers, distribution channels and presence of all major players across the globe were analysed were anaylsed.

The global connected (smart) street light market size was calculated by using a bottom-up approach, where data for various end-user segments was recorded and forecast for the future years. These values are sourced from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.

Key Target Audience:

• Manufacturers of luminaries


• Research organizations and consulting companies


• Government bodies such as regulating authorities and policy makers


• Organizations, forums and alliances related to connected (smart) streetlight

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on the market opportunities.

Report Scope:

In this report, the global connected (smart) street light market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Market, by Component:

• Hardware


• Light Source


• Drivers & Ballast


• Sensors


• Switches


• Controllers


• Others


• Software


• Services

Market, by Networking Technology:

• Narrowband


• Medium band


• Broadband

Market, by Region:

• Europe


• United Kingdom


• France


• Germany


• Italy


• Spain


• Asia-Pacific


• China


• Japan


• India


• Australia


• Indonesia


• North America


• United States


• Canada


• Mexico


• South America


• Brazil


• Argentina


• Colombia


• Middle East & Africa


• UAE


• Saudi Arabia


• Turkey


• South Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the global connected (smart) street light market.

Available Customizations:

With the given market data, customizations are offered according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).