smart street light system market

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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