Smart Poles Market Overview The smart poles market was valued at $7.1 billion in 2021, and is estimated to reach $35.9 billion by 2031, growing at a CAGR of 17.9% from 2022 to 2031. Download Research Sample Report Smart poles are innovative and technologically advanced street light poles equipped with various sensors, cameras, and communication devices. These poles have the ability to collect, analyze and transmit data to a central management system to provide real-time information about traffic, weather, air quality, and other city-related information. The increase in adoption of smart poles is assisting in the expansion of the security network, which lowers fatality rates and speeds up emergency response times. Smart poles also act as a critical component of communication infrastructure, providing support for Wi-Fi, 5G networks, and other wireless technologies. 9/18/2023 2 Impact of COVID-19 on the Global Industry ⚫ ⚫ ⚫ The COVID-19 outbreak had a significant influence on the smart poles market. The sector witnessed both short-term and long-term effects owing to the emergence of many obstacles, including the suspension of numerous operations, impeding corporate growth, and other issues. These issues had a significant impact on the supply and demand of construction materials. COVID-19 impacted almost all industries and the smart pole manufacturing companies had to cease their operations owing to import-export restrictions and the shutdown of manufacturing facilities across several countries, according to the National Highways Authority of India (NHAI) and the National Highways and Infrastructure Development Corp. Ltd. (NHIDCL). The pandemic halted construction and development activities owing to the shortage of laborers and construction personnel. These factors have significantly hampered the market expansion. 9/18/2023 3 Key Players ⚫ Philips Lighting Holding B.V. ⚫ GE Lighting Co. Ltd ⚫ Hubbell Incorporated ⚫ Cree, Inc ⚫ Eaton Corporation ⚫ Acuity Brands ⚫ Sunna Design ⚫ Mobile Pro Systems ⚫ Goldspar Australia Pty Ltd ⚫ Virtual Extension Ltd 9/18/2023 4 Key Findings of the Study Based on type of hardware, the lighting lamp sub-segment accounted for the largest smart poles market size and the communication device sub-segment is anticipated to be the fastest growing during the forecast period Based on products, the hardware sub-segment held the largest smart poles market share in 2021 and the software sub-segment is predicted to show the fastest growth in the upcoming years Based on installation, the new installation sub-segment emerged as the global leader in 2021 and the retrofit sub-segment is anticipated to be the fastest growing during the forecast period Based on application, the highways and roadways sub-segment emerged as the global leader in 2021 and the public places sub-segment is predicted to show the fastest growth in the upcoming years Based on region, the North America market registered the highest market share in 2021 and the LAMEA region is estimated to show the fastest growth during the forecast period 9/18/2023 5 Smart Poles Market Report Highlights ⚫ ⚫ ⚫ ⚫ By Type of Hardware ⚫ By Products ⚫ Hardware ⚫ Software ⚫ Services ⚫ By Application Lighting Lamp Pole Bracket and Pole Body Communication Device ⚫ Controller ⚫ Others ⚫ By Installation ⚫ Highways and Roadways ⚫ New Installation ⚫ Public Places ⚫ Retrofit ⚫ Railways and Harbors 9/18/2023 6 By Region ⚫ North America (U.S., Canada, Mexico) ⚫ Europe (UK, Germany, France, Spain, Italy, Rest of Europe) ⚫ ⚫ Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of Asia-Pacific) LAMEA (Brazil, Saudi Arabia, UAE, South Africa, Rest of LAMEA) 9/18/2023 7 Contact Us ⚫ David Correa ⚫ United States ⚫ 1209 Orange Street, ⚫ Corporation Trust Center, ⚫ Wilmington, ⚫ New Castle, ⚫ Delaware 19801 USA. ⚫ Int'l: +1-503-894-6022 ⚫ Toll Free: +1-800-792-5285 ⚫ Fax: +1-800-792-5285 ⚫ help@alliedmarketresearch.com 9/18/2023 8