Global Smart Pole Market By Offering (Component, Software, Services), By Installation Type (New Installation and Retrofit), By Application (Highways and Roadways, Public Places, Railways and Harbors), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa) – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2030
Report Code : BII944 Jan-2022 Semiconductor & Electronics Format : PDF Pages : 217
Global Smart Pole Market Oerview
. A smart pole is a completely integrated lighting system that uses real-time systems, data, and sensors to connect information and communication technologies among many parties, including municipalities, commercial businesses, law enforcement, transportation grids, hospitals, schools, and libraries. Intelligent city management, people flow detection, car exhaust detection, emergency rescue, intelligent schools and hospitals, and bus monitoring are all made possible by the smart pole. The capacity of smart poles to prevent accidents and traffic bottlenecks, the growing demand for energy-efficient streetlights, and expanding government initiatives for the creation of smart cities are all contributing to market expansion. The demand has also been boosted by the integration of air quality monitoring systems, security cameras, wireless sensor networks, traffic management systems, and transportation management systems in smart poles.
The increased use of AI and IoT to improve the performance of these systems is likely to propel market expansion even faster. Smart poles are intended to provide value-added opportunities for manufacturers in numerous countries' underdeveloped regions. Extreme weather conditions, on the other hand, might cause smart poles to malfunction due to the accumulation of dust, moisture, and snow. Furthermore, the high costs of technology integration are impeding the growth of the smart pole market.They should also come up with new designs for smart poles to make them more weather resistant.. A smart pole is a completely integrated lighting system that uses real-time systems, data, and sensors to connect information and communication technologies among many parties, including municipalities, commercial businesses, law enforcement, transportation grids, hospitals, schools, and libraries. Intelligent city management, people flow detection, car exhaust detection, emergency rescue, intelligent schools and hospitals, and bus monitoring are all made possible by the smart pole. The capacity of smart poles to prevent accidents and traffic bottlenecks, the growing demand for energy-efficient streetlights, and expanding government initiatives for the creation of smart cities are all contributing to market expansion. The demand has also been boosted by the integration of air quality monitoring systems, security cameras, wireless sensor networks, traffic management systems, and transportation management systems in smart poles.
The increased use of AI and IoT to improve the performance of these systems is likely to propel market expansion even faster. Smart poles are intended to provide value-added opportunities for manufacturers in numerous countries' underdeveloped regions. Extreme weather conditions, on the other hand, might cause smart poles to malfunction due to the accumulation of dust, moisture, and snow. Furthermore, the high costs of technology integration are impeding the growth of the smart pole market.They should also come up with new designs for smart poles to make them more weather resistant.
Market Size
According to Business Intelligence Insights Global Smart Pole Market is expected to grow from USD 7519.40 million in 2021 to USD 31903.45 million by 2028, at a CAGR of 19.80 % during the forecast period 2022-2030
Covid -19 Impact Analysis
The COVID-19 epidemic has caused an economic downturn in countries all around the world. The activities of various construction and development projects were also disrupted, putting the smart pole market's expansion on hold. For example, to stop the spread of the virus, the governments of the United States and China announced a halt to major development and infrastructure projects during the pandemic. However, as global constraints are eased, the market is likely to develop significantly throughout the forecast period. With the recent outbreak of COVID 19, governments in both developed and developing nations are seeing a slowing of infrastructure and development projects, which is impacting the smart pole market growth. The impact of COVID-19, according to NHAI (National Highways Authority of India) and National Highways and Infrastructure Development Corp. Ltd (NHIDCL), has resulted in a construction activity prohibition, as well as a labor scarcity and construction workers returning to their communities. In India, 45 smart cities were transformed overnight into the nerve center for operations to prevent the spread of the COVID-19 pandemic, allowing work on new developments, such as smart poles, to continue
Market Dynamics
• Drivers
o Environmental Concerns are Growing Increasing Adoption
o Implementation of Cutting-Edge Technologies to Speed Up
• Restraints
o Communication Protocols Lack of Standardization
Segmentation Insights
The retrofit category dominated the market with more than 60% of the market share
Existing lights will be replaced with energy-efficient lights, and digital signage, security cameras, Wi-Fi hotspots, and environmental monitoring systems will be installed on existing light poles. For example, the City Council of Essex stated in October 2021 that the LED Replacement Program will replace 10,000 old-style streetlights with LED lights, which would benefit both citizens and the environment. Furthermore, governments choose to refit street poles with sensor technology or upgrade them with IoT applications to save money while gaining the same benefits.
Public Places category dominated the market with more than 40% of the market share
To assist tourists and visitors in public settings, smart poles include surveillance cameras, announcement speakers, internet connectivity, and charging stations. Solar-powered smart poles are also projected to encourage the installation of smart poles in public parks, beaches, and tourist attractions to reduce crowding. In the Algarve region of Portugal, for example, AI-powered smart poles were put in May 2021 to identify whether or not the beach was fully inhabited. Increasing crime rates have also prompted governments in several regions to install surveillance cameras on smart poles in public parks, gas stations, and national parks.
By Offering
• Component
• Software
• Services
By Installation Type
• New Installation
• Retrofit
By Application
• Highways and Roadways
• Public Places
• Railways and harbours
By Region
• North America
o U.S.
o Canada
• Europe
o Germany
o U.K.
o France
o Italy
o Spain
o Rest of Europe
• Asia Pacific
o China
o India
o Japan
o Rest of Asia Pacific
• Latin America
o Brazil
o Mexico
o Rest of Latin America
• Middle East and Africa
o UAE
o South Africa
o Rest of Middle East and Africa (MEA)
Key Players
List of Key Players in the Global Smart Pole Market:
• Philips Lighting Holding B.V. (Netherlands)
• General Electric (US)
• Hubbell Incorporated (US)
• Cree, Inc. (US)
• Eaton Corporation (Ireland)
• Acuity Brands (US)
• Zumtobel Group (Austria)
• SYSKA LED (India)
• Neptun Light Inc. (US)
• Maven Systems Pvt. Ltd. (India)
• Lumca Inc. (Canada)
• Sunna Design (France)
• Mobile Pro Systems (US)
• Goldspar Australia Pty Ltd. (Australia)
• Virtual Extension Ltd. (Israel).
Regional Insights
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North America dominated the market with more than 35% of the market share
The industry is likely to develop thanks to the increasing deployment of connected lighting in the region. Several communities around the United States have taken steps to install AI-powered smart poles that help citizens and business owners in emergency circumstances. For example, in July 2021, the United States Ekin Spotter, a startup that provides next-generation data analysis capabilities to aid residents and business owners in an emergency and improve traffic management capabilities, stated that it had erected an AI-powered smart post in Coral Gables. Such characteristics bode favorably for the area market's expansion.
Table
Report Attributes |
Details |
|---|---|
| Market Size Value in 2021 | USD 7519.40 million |
| Market Size Value in 2027 | USD 31903.45 million |
| Growth Rate | +19.80 % |
| Base Year | 2021 |
| Forecast Period | 2021-2030 |
| Historical Data | 2018-2020 |
| Forecast Units | (USD Million) |
| Countries Covered | North America: U.S and Canada Europe: Germany, France, Italy, U.K, Spain, Russia, Rest of Europe APAC: China, Japan, South Korea, India, Australia, South East Asia, Rest of Asia Pacific Latin America: Brazil, Mexico Middle East And Africa: Saudi Arab, South Africa, UAE |
| Segments Covered | By Installation Type, By Offering, By Application, By Region |
| Competitive landscape | Leading companies, Competitive strategies and Consumer engagement scope |
| Customization is available | If our report does not contain the information you require, you can contact our experts to have segments created for you. Please contact us at sales@businessintelligence-insights.com if you have any questions |