What Has Been The Historical And Current Growth Of The Smart Pole Market?
The smart pole market has seen considerable growth due to a variety of factors.
• Over the recent years, the smart pole market has experienced swift growth. The market size is projected to soar up from $11.73 billion in 2024 to $13.5 billion in 2025, marking a compound annual growth rate (CAGR) of 15.1%.
The impressive growth during the historical period is ascribed to factors such as energy efficiency, government policies, safety and security requirements, initiatives for smart cities, and community involvement.
What Is The Forecast For The Smart Pole Market By 2029?
The smart pole market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of smart poles is anticipated to experience a significant increase in the upcoming years, expanding to a worth of $26.6 billion by 2029 at a compound annual growth rate (CAGR) of 18.5%.
Factors contributing to the growth during the forecast period include the integration of renewable energy, electric vehicle charging, modernization of infrastructure, environmental monitoring needs, and public wi-fi demand. Some notable trends expected for this period are the use of artificial intelligence in surveillance, lidar and 3D scanning, 5g-ready infrastructure, edge computing integration, and the application of IoT sensors.
What Are The Essential Drivers Behind The Growth Of The Smart Pole Market?
The proliferation of smart roads worldwide is predicted to fuel the expansion of the smart pole market. A smart road is a standard road equipped with elements such as a smart streetlight, smart traffic signals, and a variety of other intelligent technologies, offering safer and more secure transport solutions. These roads employ extensive communication networks, IoT sensor networks, big data, and MI/AI technologies to collect information from traffic lights, parking meters, air quality monitors and more. This collected data is then applied to enable efficient traffic flow, ease congestion, and ensure the safety and security of those on the road. As per a study published in Tomorrow City, a multidisciplinary research hub, more than EUR 421 million has been invested in 69 mobility projects in Europe. Hence, the escalating number of smart roads is anticipated to stimulate the growth of the smart pole market in the projected timeframe.
How Is The Global Smart Pole Market Divided Into Key Segments?
The smart pole market covered in this report is segmented –
1) By Hardware: Lighting Lamp, Pole Bracket & Pole Body, Communication Device, Controller, Other Hardware
2) By Installation Type: New Installation, Retrofit Installation
3) By Application: Highways & Roadways, Public Places, Railways & Harbors
Subsegments:
1) By Lighting Lamp: LED Street Lights, Smart Street Light Fixtures, Solar-Powered Lighting
2) By Pole Bracket & Pole Body: Mounting Brackets, Pole Structures, Decorative Pole Designs
3) By Communication Device: Wireless Communication Modules, IoT Sensors, Cameras and Surveillance Systems
4) By Controller: Smart Lighting Controllers, Environmental Monitoring Controllers, Energy Management Systems
5) By Other Hardware: Charging Stations for Electric Vehicles, Environmental Sensors, Display Screens or Digital Signage
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What Trends Are Reshaping The Future Of The Size Market?
The rising incorporation of IoT-enabled gadgets in smart poles is a growing trend gaining traction in the smart pole market. IoT-enabled devices are hardware such as sensors, actuators, appliances, and other gadgets programmed for specific tasks, which transmit information online to different networks. Numerous companies in the smart pole industry are integrating several IoT-enabled devices to enhance usability and expand the pole's capabilities to perform various activities. For instance, Signify N.V., a Netherlands-based company specializing in the manufacture and distribution of electric lights and lighting installations, launched the BrightSites smart pole, equipped with several IoT applications, connectivity options, cameras, and environmental sensors.
Who Are the Key Players in the Smart Pole Market?
Major companies operating in the smart pole market include:
• Signify Holding NV
• Silver Spring Networks Inc.
• Telensa Holdings Limited
• Wipro Limited
• Zumtobel Group AG
• Cree Inc.
• Eaton Corporation PLC
• Echelon Corporation
• General Electric Company
• Siemens AG
• Iram Technologies Private Limited
• Efftronics Systems Private Limited
• Shanghai Sansi Electronic Engineering Co. Ltd.
• Lumca Inc.
• SmartCiti Solutions Inc.
• Valmont Structures Private Limited
• Keselec Lighting Private Limited
• LEDbow Technologies Ltd.
• Norsk Hydro ASA
• Energasia Smart Poles Sdn. Bhd.
• Streetscape International
• American Tower Corporation
• HUB Group Inc.
• ELKO EP sro
• ENE.HUB Pty Ltd.
• Philips Lighting Holding B.V.
• General Electric Lighting Limited
• Hubbell Incorporated
• Schréder SA
• Siklu Communication Ltd.
What are the Regional Insights into the Smart Pole Market?
North America was the largest region in the smart pole market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart pole market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
