smart street light system market

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smart street light system market By Component (Hardware, Software, & Services), by Networking Technology (Narrowband, Broad-Band), By Applications (Smart Parking, Street Light Management), By End-users - Forecast till 2023

smart street light system market Report- Forecast 2023

smart street light system

market Report-Forecast

2023


smart street light system market Report- Forecast

2023

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smart street light system market Report- Forecast 2023

Summary

Smart or connected street lights are revolutionizing the modern infrastructure.

Emerging economies such as India and Brazil lack the much-needed infrastructure for

providing mains (electric-grid based) electricity to cellular-connected street lights.

Furthermore, the installation cost of electric-grid based street light is often high, which

has persuaded the major economies

to promote, implement, and explore the

connected solar-powered street-lights. The adoption of solar powered street-lights is

emerging at a rapid pace due to their cost-efficiency and their ability to operate at lowpower.

With the advent of technology, the solar-powered LED lights also help to

monitor and control the flow of electricity connected through Mobile IoT and mobile

networks. The streetlights can be remotely monitored and controlled with the help of

connected networks. Countries such as India and China in the Asia Pacific region, along

with African countries are heavily investing in solar streetlights. European countries

such as U.K and Germany are also implementing the solar-powered lighting which is

economical considering their low-power dependency which makes them suitable even

for adverse climatic conditions.

Increasing demand for energy-efficient LEDlights, emergence of the Internet of things,

and constant innovation in mobile networks are some of the major factors driving the

growth of smart/connected streetlights market over the forecast period. On the

flipside, the data privacy and concerns related to tower radiations are presumed to

hinder the growth of the market over the next fewyears.

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smart street light system market Report- Forecast 2023

Major Key Players:

• General Electric (U.S.)

• Koninklijke Philips N.V (The Netherlands)

• Telensa (U.K.)

• Silver Spring (U.S.)

• Echelon (U.S.)

• Osram AG (Germany)

• Cisco system (U.S.)

• Trilliant holdings Inc. (U.S.)

• AxiomTek (U.S.)

• Tech Mahindra (India)

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smart street light system market Report- Forecast

2023

Segmentation:

The smart street light system market is differentiated by components, technology,

applications, and end-users

By component, the smart street light system market is sub-segmented as hardware,

software, and services. The hardware comprised of LED arrays, sensors, a

communication module, and others. The services segment is categorized into

professional services and managed services. The professional services include system

integrations, training & implementation, and others.

Depending on the networking technology, the market is sub-segmented into

narrowband, medium-band, and broadband technology. The narrow-band technology

is further categorized into Sigfox, LoRa, RPMA, and others. The medium band includes

PLC, RF mesh, and others, whereas the broadband technology consists of 3G/4G

cellular, Wi-Fi, and others.

On the basis of applications, the market is categorized as environmental monitoring,

traffic monitoring, smart parking, street light management, video surveillance, public

messaging and others. Lastly, on the basis of end-users, the market is categorized as

residential (urban and rural), retail, transportation, automotive, industrial and others.

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smart street light system market Report- Forecast 2023

Regional Analysis:

Geographically, the smart street light system market is segmented into four different

regions namely North America, Asia Pacific, Europe, and the Rest of the World.

Europe is presumed to have significant growth in the smart/connected street lights

market. Countries such as U.K, Germany, Norway, and France are the leading countries

in the market. Their growth is attributed to rapidly increasing adoption of connected

lights in electric vehicles, which in-turn is expected to increase the demand for street

lighting market over the forecast period. Additionally, North America is expected to

have significant growth in the market with the U.S & Canada being the leading

countries in the region. The growth is due to increased investment to boost wireless

technology for providing smart parking and related solutions in the urban sectors.

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smart street light system market Report- Forecast

2023

(Germany) are focusing on the digital utilities transformation.

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