Smart Pole Market (By Component: Hardware, Software, Service; By Hardware: Lighting Lamp, Pole Bracket & Pole Body, Communication Device, Controller; By Installation Type: New Installation, Retrofit Installation; By Application: Highways & Roadways, Public Places, Railways & Harbors) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2022 – 2030

The global smart pole market size was valued at USD 7.50 billion in 2021, and is predicted to be worth around USD 38.72 billion by 2030, registering a CAGR of 20.5% during the forecast period 2022 to 2030.

Growth Factors:

The major factor contributing to the growth is the increasing demand for upgrading existing lighting infrastructure with energy-efficient lights across cities under smart city projects. Moreover, the rising pollution levels have created a need for smart poles equipped with air quality sensors and cameras to monitor the air quality and traffic. Such factors bode well for the growth of the market.

The rapid adoption of electric vehicles across the globe is expected to lead to the growing trend of integrating electric vehicle charging stations with smart poles in the forthcoming years. Numerous countries are focusing on developing their EV ecosystem and electric mobility. European countries are among the frontrunners when it comes to building EV ecosystems and adopting electric mobility. 

The growing adoption of IoT and cloud computing has enabled the addition of features such as secure communication, remote monitoring, and easy programmability. The extensive use of IoT technology in smart poles is anticipated to create new growth avenues for market players. Additionally, governments across the globe are entering into partnerships with private companies to upgrade their existing lighting networks with LED lights. Such factors are expected to contribute to the growth of the market for smart poles over the forecast period.

Report Coverage

By Components Analysis

The hardware segment held the leading revenue share of over 57.52% in 2021. Numerous smart poles installed worldwide are equipped with cameras and air quality sensors to measure the rising pollution levels. 

Several mobile technology providers are striking partnerships with alternative energy system providers to design and sell efficient poles that support video analytics, intelligent lighting, and Wi-Fi access points. 

The service segment is anticipated to register the fastest growth over the forecast period. Some companies in the market perform the task of installing smart poles in a facility or city and carry out the integration of different systems. 

By Hardware Analysis

The controller segment dominated the market with a revenue share of over 29.32% in 2021. Smart pole technology makes use of control devices to efficiently control light and other features based on parameters such as occupancy, temperature, and amount of natural light. 

Numerous companies are focused on developing and innovating connected lighting solutions. For instance, in March 2021, Tvilight, a wireless lighting controller provider, announced the addition of OpenSky IoT devices to its portfolio of wireless outdoor light controllers.

The communication device segment is expected to register the fastest growth over the forecast period. The growth of the segment can be attributed to the increasing need for awareness, comfort, and safety on the streets. All functions of a smart pole can be monitored, accessed, and remotely controlled through various communication technologies.

By Installation Type Analysis

The retrofit installation segment held the largest revenue share of over 59.19% in 2021, attributed to the smart city initiatives pursued by various governments. These initiatives aim to replace existing lights with energy-efficient lights and install digital signages, security cameras, Wi-Fi hotspots, and environmental monitoring systems on existing light poles.

The new installation segment is expected to register the fastest growth over the forecast period. The growth of this segment can be attributed to the increasing government initiatives toward the installation of smart poles in developed countries such as the U.S., U.K., France, and Germany to provide better web connectivity on the streets.

By Application Analysis

The public places segment dominated the market with a revenue share of over 39.92% in 2021. Smart poles offer various features such as security cameras, announcement speakers, internet connectivity, and charging points to help tourists and visitors in public spaces. The use of solar-powered smart poles is further expected to encourage the installation of smart poles in public parks, beaches, and tourist sites to prevent overcrowding. 

Artificial Intelligence (AI)-powered smart poles were deployed in the Algarve region of Portugal to determine whether or not the beach is fully occupied. Additionally, increasing crime rates have compelled governments in various regions to employ surveillance cameras on smart poles at public parks, fuel stations, and national parks.

The highways and roadways segment is anticipated to register the highest growth over the forecast period. The growing number of smart roads being developed across the globe is expected to emerge as one of the major factors driving the growth of the segment.

By Regional Analysis

North America accounted for a revenue share of over 30.17% in 2021. The rapid deployment of connected streetlights in the region is expected to create growth opportunities for the market.

The Asia Pacific region is expected to witness the fastest growth over the forecast period. The increasing deployment of smart poles in countries such as China and India is expected to contribute to the growth of the regional market..

Competitive Rivalry

Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

• Company Overview
• Company Market Share/Positioning Analysis
• Product Offerings
• Financial Performance
• Recent Initiatives
• Key Strategies Adopted by Players
• Vendor Landscape
• List of Suppliers
• List of Buyers

Some of the prominent players in the Smart Pole Market include:

• Cree, Inc.
• Eaton
• Echelon
• General Electric
• Siemens
• Signify Holding
• Silver Spring Networks, Inc.
• Telensa
• Wipro Limited
• Zumtobel Group 

Segments Covered in the Report

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2030 and covers subsequent region in its scope:

Market Segmentation

• By Component 
• Hardware
• Software
• Service
• By Hardware 
• Lighting Lamp
• Pole Bracket & Pole Body
• Communication Device
• Controller
• Others
• By Installation Type
• New Installation
• Retrofit Installation
• By Application 
• Highways & Roadways
• Public Places
• Railways & Harbors

By Geography

North America

• U.S.
• Canada

Europe

• Germany
• France
• United Kingdom
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Southeast Asia
• Rest of Asia Pacific

Latin America

• Brazil
• Rest of Latin America

Middle East & Africa (MEA)

• GCC
• North Africa
• South Africa
• Rest of Middle East & Africa

Highlights of the Report:

• Market Penetration: Comprehensive information on the product portfolios of the top players in the market.
• Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market
• Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
• Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the market

Research Methodology

In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Smart Pole market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.

Secondary resources referred to by analysts during the production of the Smart Pole market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.

Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Smart Pole markets more accurate and reliable.

Secondary Research

It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.

The secondary research sources referred in the process are as follows:

• Governmental bodies, and organizations creating economic policies
• National and international social welfare institutions
• Company websites, financial reports and SEC filings, broker and investor reports
• Related patent and regulatory databases
• Statistical databases and market reports
• Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to face interviews, online surveys, and telephonic interviews.

• Means of primary research: Email interactions, telephonic discussions and Questionnaire based research etc.
• In order to validate our research findings and analysis we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

Industry participants involved in this research study include:

• CEOs, VPs, market intelligence managers
• Procuring and national sales managers technical personnel, distributors and resellers
• Research analysts and key opinion leaders from various domains

Key Points Covered in Smart Pole Market Study:

• Growth of Smart Pole in 2022
• Market Estimates and Forecasts (2017-2030)
•  Brand Share and Market Share Analysis
•  Key Drivers and Restraints Shaping Market Growth
•  Segment-wise, Country-wise, and Region-wise Analysis
•  Competition Mapping and Benchmarking
•  Recommendation on Key Winning Strategies
•  COVID-19 Impact on Demand for Smart Pole and How to Navigate
•  Key Product Innovations and Regulatory Climate
•  Smart Pole Consumption Analysis
•  Smart Pole Production Analysis
•  Smart Pole and Management