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.
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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.
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Impact of COVID-19 on the Global Industry
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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.
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Key Players
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Philips Lighting Holding B.V.
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GE Lighting Co. Ltd
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Hubbell Incorporated
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Cree, Inc
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Eaton Corporation
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Acuity Brands
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Sunna Design
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Mobile Pro Systems
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Goldspar Australia Pty Ltd
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Virtual Extension Ltd
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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
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Smart Poles Market Report Highlights
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By Type of Hardware
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By Products
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Hardware
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Software
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Services
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By Application
Lighting Lamp
Pole Bracket and Pole Body
Communication Device
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Controller
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Others
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By Installation
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Highways and Roadways
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New Installation
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Public Places
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Retrofit
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Railways and Harbors
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By Region
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North America (U.S., Canada, Mexico)
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Europe (UK, Germany, France, Spain, Italy, Rest of Europe)
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Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of
Asia-Pacific)
LAMEA (Brazil, Saudi Arabia, UAE, South Africa, Rest of LAMEA)
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Contact Us
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David Correa
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United States
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1209 Orange Street,
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Corporation Trust Center,
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Wilmington,
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New Castle,
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Delaware 19801 USA.
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Int'l: +1-503-894-6022
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Toll Free: +1-800-792-5285
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Fax: +1-800-792-5285
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help@alliedmarketresearch.com
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