Smart Pole Market

Market Overview:

The global smart pole market size reached US$ 10.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 37.3 Billion by 2032, exhibiting a growth rate (CAGR) of 15.4% during 2024-2032.

Smart poles are lighting systems with sensors, wireless connectivity (Wi-Fi or cellular technology), and other functions to help create an intelligent environment. They comprise in-built surveillance systems connected to centralized command and control centers for providing real-time data. Their faults can be identified remotely, which eliminates the need for physical examination. They are used as charging stations for electric vehicles (EVs) and can be equipped with cameras to monitor accidents, crime, unauthorized parking, and weather conditions. They can also be used to display targeted ads and measure particulate emissions.

The rising need for wireless connectivity and cellular network densification for the proper functioning of cellular phones and Internet of Things (IoT) sensors represents one of the primary factors catalyzing the demand for smart poles around the world. Moreover, the rising focus of governing agencies of numerous countries on upgrading city infrastructure to smart, connected areas is influencing the market growth. Apart from this, the increasing adoption of automated vehicles is encouraging the deployment of smart poles to help authorities regulate vehicle parking and traffic management, which is resulting in the reduction of congestion and emissions. These poles can also be utilized to monitor air quality, notify officials about street flooding, improve public safety and support Wi-Fi services and various payment platforms. Additionally, the demand for smart poles is anticipated to increase for delivering 5G wireless connectivity and improving mobile networks worldwide.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global smart pole market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on component, hardware, installation type and application.

Breakup by Component:

• Hardware
• Software
• Services
   

Breakup by Hardware:

• Lighting Lamp
• Pole Bracket & Pole Body
• Communication Device
• Controller
• Others
   

Breakup by Installation Type:

• New Installation
• Retrofit

Breakup by Application:

• Highways and Roadways
• Public Places
• Railways and Harbors
   

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Bivocom, Elko Ep, Hapco Pole Products, Kesslec, KYOCERA Mirai Envision Co. Ltd (KYOCERA Communication Co. Ltd), Lumca Inc, NomoSolar, Norsk Hydro ASA, Omniflow, Shanghai Sansi Electronic Engineering Co. Ltd, Signify Holding, Sunna Design and Wipro Lighting (Wipro Limited).

Report Coverage:

Key Questions Answered in This Report:

• How has the global smart pole market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global smart pole market?
• What are the key regional markets?
• What is the breakup of the market based on the component?
• What is the breakup of the market based on the hardware?
• What is the breakup of the market based on the installation type?
• What is the breakup of the market based on the application?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global smart pole market and who are the key players?
• What is the degree of competition in the industry?