Smart Pole Market Size, Share Analysis, And Trends 2032

Smart Pole Market Size

The global smart pole market size was worth around USD 19.76 billion in 2023 and is predicted to grow to around USD 98.18 billion by 2032 with a compound annual growth rate (CAGR) of roughly 19.5% between 2024 and 2032.

The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion). The report covers a forecast and an analysis of the smart pole market on a global and regional level.

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Global Smart Pole Market: Overview

Setting up of the smart poles is expected to digitally change the meaning of the public street lights. Several government initiatives related to the execution of the smart city plan has significantly led the street light makers to integrate improved multifunctional features and technology. As internet connectivity includes a significant division of the smart city plan, producers of street poles are gradually increasing to integrate the 4G LTE wireless tools. Smart poles are prepared or equipped with charging points for tourist and announcement speakers. Furthermore, rising requirement to check accidents, parking, crime, and climate conditions has basically led the street light makers to incorporate the smart poles with sensors and cameras.

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Global Smart Pole Market: Growth Factors

Equipped with smart video cameras and sensors, the smart poles are particularly helpful in decreasing the traffic and overcrowding, which lets the drivers drive easily and carefully on the roads. Rising fondness for cab services amongst customers continues to raise the demand for internet use for tracking the direction. Smart poles will persist to experience considerable demand worldwide as they are well equipped with the internet facilities. Bound to these aspects the smart pole market is anticipated to experience considerable growth worldwide in the years to come.

In addition, the government in different countries is gradually taking several initiatives to execute smart city schemes particularly in the cut off regions. Acceptance of the smart poles in several backward areas of different countries can allow the end users to join with the developing regions as well as stay updated. Installation of the smart poles is anticipated to develop expansion opportunities for different industries thus triggering the demand for the smart pole market.

Global Smart Pole Market: Segmentation

The global smart pole market is anticipated to be classified based on installation type, component, application, and region.

Based on the component, the global smart pole market is categorized as communication devices, lighting lamp, sensors & software, and lamp controller.

Based on installation type, the global market is divided as retrofit installation and new installation.

Based on application, the global smart pole market is classified as railways, highways & roads, public places, and harbors.

Smart Pole Market: Report Scope

Global Smart Pole Market: Regional Analysis

North America is expected to hold the dominant position in the smart pole market. The boost in the acceptance pace of smart pole systems for innovative infrastructure ventures and development in retrofitting schemes pertaining to the global smart poles market are the most important aspects which are fueling the development of the market in the region. Furthermore, Asia-Pacific is likely to witness highest growth rate in the smart pole market owing to the several aspects such as the expansion of numerous smart cities in the upcoming economies such as China and India.

Global Smart Pole Market: Competitive Players

Some of the most important market players in the global smart pole market are:

• Streetscape International LLC
• Sunna Design
• SA Lumca Inc.
• Telensa Limited
• Acuity Brands Lighting Inc.
• Maven Systems Pvt. Ltd.
• Among Others

The Global Smart Pole Market is segmented as follows:

By Component 

• Communication Devices
• Lighting Lamp
• Sensors & Software
• Lamp Controller

By Installation Type 

• Retrofit Installation 
• New Installation

Based On Application 

• Railways
• Highways & Roads
• Public Places
• Harbors

Global Smart Pole Market: Regional Segment Analysis

• North America
  • The U.S.
• Europe
  • The UK
  • France
  • Germany
• The Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.