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The global smart pole market exhibited strong growth during 2015-2020. 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. Looking forward, IMARC Group expects the global smart pole market to grow at a CAGR of around 12% during the forecast period (2021-2026).
IMARC Group provides an analysis of the key trends in each sub-segment of the global smart pole market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, component, hardware, installation type and application.
Breakup by Component:
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Breakup by Application:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Acuity Brands Lighting Inc, Cree Inc., General Electric Company, Lumca Inc., Mobile Pro Systems, Neptun Light Inc., Siemens AG, Signify Holding, Sunna Design, Telensa Limited, Wipro Limited and Zumtobel Group.
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