A smart pole is characterized as a pole incorporating a fully integrated lighting system, sensors, wireless connectivity (Wi-Fi or cellular technology), and various other functions within a unified unit. Smart poles leverage real-time systems, data, and sensors to establish connections among information and communication technologies, involving various entities such as municipalities, commercial businesses, transportation grids, hospitals, schools, and others.
The primary hardware components of smart poles include lighting lamps, pole brackets & bodies, communication devices, controllers, and other essential elements. The lighting lamp denotes the smart lighting systems utilized in both new installations and retrofit installations of smart poles. These lighting systems within smart poles constitute an integrated system, facilitating communication and information exchange among multiple entities through real-time systems, sensors, and data. They can be deployed through either new installations or retrofit setups and find applications in various settings, including highways, roadways, public places, railways, and harbors.
The smart pole market research report is one of a series of new reports that provides smart pole market statistics, including smart pole industry, global smart pole market size, regional shares, competitors with a smart pole market share, detailed smart pole market segments, market trends and opportunities, and any further data you may need to thrive in the smart pole industry. This smart pole market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The smart pole market size has grown rapidly in recent years. It will grow from $10.3 billion in 2023 to $11.98 billion in 2024 at a compound annual growth rate (CAGR) of 16.3%. The growth observed during the historical period can be ascribed to factors such as a focus on energy efficiency, government initiatives, concerns related to safety and security, the implementation of smart city initiatives, and increased emphasis on community engagement.
The smart pole market size is expected to see rapid growth in the next few years. It will grow to $22.27 billion in 2028 at a compound annual growth rate (CAGR) of 16.8%. The anticipated growth in the forecast period can be attributed to the integration of renewable energy, the expansion of electric vehicle (EV) charging infrastructure, modernization of overall infrastructure, a rising demand for environmental monitoring, and the increasing need for public Wi-Fi. Noteworthy trends expected in the forecast period encompass the utilization of artificial intelligence (AI) in surveillance, the implementation of LiDAR and 3D scanning technologies, the development of 5G-ready infrastructure, integration with edge computing, and the widespread incorporation of IoT sensors.
The expansion of smart roads worldwide is anticipated to drive the growth of the smart pole market. Smart roads, equipped with intelligent streetlights, traffic lights, and various smart technologies, enhance transportation safety and security. These roads leverage advanced communication networks, IoT sensor networks, big data, and AI/ML technologies to collect information from traffic lights, parking meters, and air quality sensors. This data is then utilized to optimize traffic flow, alleviate congestion, and ensure secure passage for people. A study published in Tomorrow City, an interdisciplinary research hub, revealed that over EUR 421 million has been invested in the development of 69 mobility projects in Europe. The increasing prevalence of smart roads is expected to be a driving force behind the growth of the smart pole market in the forecast period.
The growing demand for 5G connectivity is poised to contribute to the expansion of the smart pole market. 5G connectivity, the fifth iteration of wireless technology for cellular networks, requires a dense network of small cells and base stations for deployment. Smart poles, equipped with the necessary components, play a crucial role in the expansion of 5G infrastructure. According to a report by the GSM Association, the number of 5G connections is projected to surpass 1 billion in 2021, doubling to 2 billion by 2025. By the end of 2025, 5G connections are expected to make up over 20% of total mobile connections, with over 40% of the global population having access to a 5G network. The increasing demand for 5G connectivity is a significant factor fueling the growth of the smart pole market.
An emerging trend gaining popularity in the smart pole market is the increasing integration of IoT-enabled devices in smart poles. IoT-enabled devices, including sensors, actuators, and appliances, transmit data over the internet for specific applications. Many companies in the smart pole market are integrating multiple IoT-enabled devices to enhance usability and broaden the capabilities of poles, allowing them to perform various activities. For example, Signify N.V., a Netherlands-based lighting manufacturer, introduced the BrightSites smart pole, incorporating a range of IoT applications, connectivity options, cameras, and environmental sensors.
Major players in the smart pole market are innovating by developing products such as AI-infused smart poles to cater to larger customer bases, drive more sales, and increase revenue. AI-infused smart poles, equipped with artificial intelligence technology, serve various functions, including environmental monitoring, traffic management, and connectivity services. Clovity, a US-based software services provider, launched the City Smart Pole in April 2023, utilizing IoT and AI software along with integrated smart device features like cameras, private 5G networks, and digital signage. This product emphasizes enhancing the safety of cities and public spaces.
In August 2021, Quantela, a US-based technology company, acquired CIMCON Lighting for an undisclosed amount. This strategic acquisition provides Quantela access to the streetlight pole infrastructure employed by CIMCON Lighting for deploying their controllers. CIMCON Lighting, a US-based provider of smart city lighting management solutions, including smart poles, contributes to Quantela's presence and capabilities in the smart pole market.
Major companies operating in 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., Lumca Inc., SmartCiti Solutions Inc., Valmont Structures Private Limited, Keselec Lighting Private Limited, LEDbow Technologies Ltd., Norsk Hydro ASA, Energasia Smart Poles Sdn. Bhd., Streetscape International, American Tower Corporation, HUB Group Inc., ELKO EP sro, ENE.HUB Pty Ltd., Philips Lighting Holding B.V., General Electric Lighting Limited, Hubbell Incorporated, Schréder SA, Siklu Communication Ltd.
North America was the largest region in the smart pole market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart pole market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the smart pole market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The smart pole market consists of revenues earned by entities by providing smart pole services designing, installation, maintenance and network operations. The market value includes the value of related goods sold by the service provider or included within the service offering. The smart pole market also includes sales smart pole components cameras, environmental sensors, PV solar cells, USB charging, digital signage, and smart lights. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The primary hardware components of smart poles include lighting lamps, pole brackets & bodies, communication devices, controllers, and other essential elements. The lighting lamp denotes the smart lighting systems utilized in both new installations and retrofit installations of smart poles. These lighting systems within smart poles constitute an integrated system, facilitating communication and information exchange among multiple entities through real-time systems, sensors, and data. They can be deployed through either new installations or retrofit setups and find applications in various settings, including highways, roadways, public places, railways, and harbors.
The smart pole market research report is one of a series of new reports that provides smart pole market statistics, including smart pole industry, global smart pole market size, regional shares, competitors with a smart pole market share, detailed smart pole market segments, market trends and opportunities, and any further data you may need to thrive in the smart pole industry. This smart pole market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The smart pole market size has grown rapidly in recent years. It will grow from $10.3 billion in 2023 to $11.98 billion in 2024 at a compound annual growth rate (CAGR) of 16.3%. The growth observed during the historical period can be ascribed to factors such as a focus on energy efficiency, government initiatives, concerns related to safety and security, the implementation of smart city initiatives, and increased emphasis on community engagement.
The smart pole market size is expected to see rapid growth in the next few years. It will grow to $22.27 billion in 2028 at a compound annual growth rate (CAGR) of 16.8%. The anticipated growth in the forecast period can be attributed to the integration of renewable energy, the expansion of electric vehicle (EV) charging infrastructure, modernization of overall infrastructure, a rising demand for environmental monitoring, and the increasing need for public Wi-Fi. Noteworthy trends expected in the forecast period encompass the utilization of artificial intelligence (AI) in surveillance, the implementation of LiDAR and 3D scanning technologies, the development of 5G-ready infrastructure, integration with edge computing, and the widespread incorporation of IoT sensors.
The expansion of smart roads worldwide is anticipated to drive the growth of the smart pole market. Smart roads, equipped with intelligent streetlights, traffic lights, and various smart technologies, enhance transportation safety and security. These roads leverage advanced communication networks, IoT sensor networks, big data, and AI/ML technologies to collect information from traffic lights, parking meters, and air quality sensors. This data is then utilized to optimize traffic flow, alleviate congestion, and ensure secure passage for people. A study published in Tomorrow City, an interdisciplinary research hub, revealed that over EUR 421 million has been invested in the development of 69 mobility projects in Europe. The increasing prevalence of smart roads is expected to be a driving force behind the growth of the smart pole market in the forecast period.
The growing demand for 5G connectivity is poised to contribute to the expansion of the smart pole market. 5G connectivity, the fifth iteration of wireless technology for cellular networks, requires a dense network of small cells and base stations for deployment. Smart poles, equipped with the necessary components, play a crucial role in the expansion of 5G infrastructure. According to a report by the GSM Association, the number of 5G connections is projected to surpass 1 billion in 2021, doubling to 2 billion by 2025. By the end of 2025, 5G connections are expected to make up over 20% of total mobile connections, with over 40% of the global population having access to a 5G network. The increasing demand for 5G connectivity is a significant factor fueling the growth of the smart pole market.
An emerging trend gaining popularity in the smart pole market is the increasing integration of IoT-enabled devices in smart poles. IoT-enabled devices, including sensors, actuators, and appliances, transmit data over the internet for specific applications. Many companies in the smart pole market are integrating multiple IoT-enabled devices to enhance usability and broaden the capabilities of poles, allowing them to perform various activities. For example, Signify N.V., a Netherlands-based lighting manufacturer, introduced the BrightSites smart pole, incorporating a range of IoT applications, connectivity options, cameras, and environmental sensors.
Major players in the smart pole market are innovating by developing products such as AI-infused smart poles to cater to larger customer bases, drive more sales, and increase revenue. AI-infused smart poles, equipped with artificial intelligence technology, serve various functions, including environmental monitoring, traffic management, and connectivity services. Clovity, a US-based software services provider, launched the City Smart Pole in April 2023, utilizing IoT and AI software along with integrated smart device features like cameras, private 5G networks, and digital signage. This product emphasizes enhancing the safety of cities and public spaces.
In August 2021, Quantela, a US-based technology company, acquired CIMCON Lighting for an undisclosed amount. This strategic acquisition provides Quantela access to the streetlight pole infrastructure employed by CIMCON Lighting for deploying their controllers. CIMCON Lighting, a US-based provider of smart city lighting management solutions, including smart poles, contributes to Quantela's presence and capabilities in the smart pole market.
Major companies operating in 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., Lumca Inc., SmartCiti Solutions Inc., Valmont Structures Private Limited, Keselec Lighting Private Limited, LEDbow Technologies Ltd., Norsk Hydro ASA, Energasia Smart Poles Sdn. Bhd., Streetscape International, American Tower Corporation, HUB Group Inc., ELKO EP sro, ENE.HUB Pty Ltd., Philips Lighting Holding B.V., General Electric Lighting Limited, Hubbell Incorporated, Schréder SA, Siklu Communication Ltd.
North America was the largest region in the smart pole market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart pole market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the smart pole market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The smart pole market consists of revenues earned by entities by providing smart pole services designing, installation, maintenance and network operations. The market value includes the value of related goods sold by the service provider or included within the service offering. The smart pole market also includes sales smart pole components cameras, environmental sensors, PV solar cells, USB charging, digital signage, and smart lights. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Smart Pole Market Characteristics3. Smart Pole Market Trends And Strategies31. Global Smart Pole Market Competitive Benchmarking32. Global Smart Pole Market Competitive Dashboard33. Key Mergers And Acquisitions In The Smart Pole Market
4. Smart Pole Market - Macro Economic Scenario
5. Global Smart Pole Market Size and Growth
6. Smart Pole Market Segmentation
7. Smart Pole Market Regional And Country Analysis
8. Asia-Pacific Smart Pole Market
9. China Smart Pole Market
10. India Smart Pole Market
11. Japan Smart Pole Market
12. Australia Smart Pole Market
13. Indonesia Smart Pole Market
14. South Korea Smart Pole Market
15. Western Europe Smart Pole Market
16. UK Smart Pole Market
17. Germany Smart Pole Market
18. France Smart Pole Market
19. Italy Smart Pole Market
20. Spain Smart Pole Market
21. Eastern Europe Smart Pole Market
22. Russia Smart Pole Market
23. North America Smart Pole Market
24. USA Smart Pole Market
25. Canada Smart Pole Market
26. South America Smart Pole Market
27. Brazil Smart Pole Market
28. Middle East Smart Pole Market
29. Africa Smart Pole Market
30. Smart Pole Market Competitive Landscape And Company Profiles
34. Smart Pole Market Future Outlook and Potential Analysis
35. Appendix
Executive Summary
Smart Pole Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on smart pole market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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- All data from the report will also be delivered in an excel dashboard format.
Description:
Where is the largest and fastest growing market for smart pole? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Scope
- Markets Covered: 1) By Hardware: Lighting Lamp; Pole Bracket & Pole Body; Communication Device; Controller; Other Hardwares 2) By Installation Type: New Installation; Retrofit Installation 3) By Application: Highways & Roadways; Public Places; Railways & Harbors
- Companies Mentioned: Signify Holding NV; Silver Spring Networks Inc.; Telensa Holdings Limited; Wipro Limited; Zumtobel Group AG
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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.
- Lumca Inc.
- SmartCiti Solutions Inc.
- Valmont Structures Private Limited
- Keselec Lighting Private Limited
- LEDbow Technologies Ltd.
- Norsk Hydro ASA
- Energasia Smart Poles Sdn. Bhd.
- Streetscape International
- American Tower Corporation
- HUB Group Inc.
- ELKO EP sro
- ENE.HUB Pty Ltd.
- Philips Lighting Holding B.V.
- General Electric Lighting Limited
- Hubbell Incorporated
- Schréder SA
- Siklu Communication Ltd.
Methodology
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