Market Overview:
The global smart/connected street lights market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient lighting solutions and the growing trend of IoT-based smart city initiatives across the globe. The global smart/connected street lights market can be segmented on the basis of type, application, and region. On the basis of type, the market can be divided into hardware, software, and services segments. The hardware segment is further sub-segmented into LED fixtures, sensors & controllers, communication modules & gateways etc., while software segment is further classified into system management software and application software segments. Services include installation & commissioning services, maintenance & support services etc., which are offered by various service providers in this market space. By application area also Smart Street Lights finds its use in Infrastructure sector such as Buildings (offices), Streets (arterial roads), Parks; Shopping Plaza sector such as Malls; Industrial Area Sector such as Factories; Public Road Sector such as Traffic Junctions or Crossings; Airports or Railway Stations etc.; Others sectors which includes Theme Parks or Stadiums Lighting among others applications areas where it proves advantageous over traditional lighting systems with respect to features like controllability over brightness levels for different times of day/night cycle ,adjustment according to weather conditions like foggy days Etc.
Product Definition:
A Smart/Connected Street Light is a light fixture that is equipped with sensors and communications technologies that allow it to be controlled and monitored remotely. The benefits of Smart/Connected Street Lights include energy savings, improved safety and security, reduced maintenance costs, and increased public awareness.
Hardware:
Hardware is the physical part of a street light. It includes base, housing and cover. Hardware can be used for many years as it has an average life of 7-10 years. The hardware part needs to be replaced after 10-12 years in case of nonfunctional issues due to old age or if there's any damage from external factors such as weather, etc.
The smart/connected street lights are the lights that connect with other devices via wired or wireless mediums.
Software:
Software is the collection of tools and techniques that are used to create, modify or destroy electronic data. In street lighting industry, software is used for controlling and managing lights. It helps in monitoring power consumption by measuring parameters such as current & voltage, temperature & humidity etc., which further help in reducing maintenance costs and improve efficiency of street lighting systems.
Application Insights:
The infrastructure segment dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this application can be attributed to various factors such as growing urbanization, increasing government investments for improving public transportation systems, rising consumer awareness regarding energy-efficient products and services, and need for better lighting solutions across various applications.
Shopping Plaza & Industrial Area are other applications that are anticipated to witness significant growth over the forecast period owing to growing commercial activities at shopping malls and industrial areas respectively. Growing commercial activities have led retailers at shopping plaza complexes/industrial areas require more lighting solutions which in turn will fuel demand from 2018 to 2030.
Regional Analysis:
Asia Pacific is expected to emerge as the fastest-growing region over the forecast period. The growth can be attributed to increasing government initiatives and investments in smart city development projects across countries such as China, Japan, Singapore, and India. For instance, in 2015, The Government of India launched “UJALA Scheme†under which free of cost books were distributed among people below poverty line (BPL). Similarly, under “China Telecom White Paper†published in 2014 stated that by 2020 there will be 1 billion connected devices including cars (smartphones connected via bluetooth), homes (wifi enabled), hospitals/medical facilities & public places like restaurants and hotels. Such developments are anticipated to propel regional market growth over the next eight years.
North America is also likely to witness significant growth due to growing adoption of smart lighting solutions across shopping malls and other commercial buildings particularly in U.S.
Growth Factors:
- Increasing demand for energy-efficient lighting solutions
- Rising awareness about the benefits of smart streetlights
- Growing number of government initiatives and funding programs for smart streetlight projects
- Proliferation of Internet of Things (IoT) and big data analytics technologies
- Rapid development of 5G networks
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart/Connected Street Lights Market Research Report
By Type
Hardware, Software, Services
By Application
Infrastructure, Shopping Plaza, Industrial Area, Public Road, Others
By Companies
Echelon Corporation, Silver Spring, Philips Lighting, Bridgelux, OSRAM, GE Lighting, TVILIGHT, TCOMM, Petra Systems, STREETLIGHT.VISION, Cyan Technology, SHAH, Telematics, ONTAZ, SELC, Flashnet
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Smart/Connected Street Lights Market Report Segments:
The global Smart/Connected Street Lights market is segmented on the basis of:
Types
Hardware, Software, Services
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Infrastructure, Shopping Plaza, Industrial Area, Public Road, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Echelon Corporation
- Silver Spring
- Philips Lighting
- Bridgelux
- OSRAM
- GE Lighting
- TVILIGHT
- TCOMM
- Petra Systems
- STREETLIGHT.VISION
- Cyan Technology
- SHAH
- Telematics
- ONTAZ
- SELC
- Flashnet
Highlights of The Smart/Connected Street Lights Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hardware
- Software
- Services
- By Application:
- Infrastructure
- Shopping Plaza
- Industrial Area
- Public Road
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Smart/Connected Street Lights Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Smart/Connected Street Lights are streetlights that have been outfitted with sensors and communication capabilities to allow them to be managed remotely. This allows for enhanced security, better traffic management, and more efficient energy use.
Some of the major companies in the smart/connected street lights market are Echelon Corporation, Silver Spring, Philips Lighting, Bridgelux, OSRAM, GE Lighting, TVILIGHT, TCOMM, Petra Systems, STREETLIGHT.VISION, Cyan Technology, SHAH, Telematics, ONTAZ, SELC, Flashnet.
The smart/connected street lights market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart/Connected Street Lights Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Smart/Connected Street Lights Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart/Connected Street Lights Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Smart/Connected Street Lights Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Smart/Connected Street Lights Market Size & Forecast, 2018-2028
4.5.1 Smart/Connected Street Lights Market Size and Y-o-Y Growth
4.5.2 Smart/Connected Street Lights Market Absolute $ Opportunity
Chapter 5 Global Smart/Connected Street Lights Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Smart/Connected Street Lights Market Size Forecast by Type
5.2.1 Hardware
5.2.2 Software
5.2.3 Services
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Smart/Connected Street Lights Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Smart/Connected Street Lights Market Size Forecast by Applications
6.2.1 Infrastructure
6.2.2 Shopping Plaza
6.2.3 Industrial Area
6.2.4 Public Road
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart/Connected Street Lights Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Smart/Connected Street Lights Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Smart/Connected Street Lights Analysis and Forecast
9.1 Introduction
9.2 North America Smart/Connected Street Lights Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Smart/Connected Street Lights Market Size Forecast by Type
9.6.1 Hardware
9.6.2 Software
9.6.3 Services
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Smart/Connected Street Lights Market Size Forecast by Applications
9.10.1 Infrastructure
9.10.2 Shopping Plaza
9.10.3 Industrial Area
9.10.4 Public Road
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Smart/Connected Street Lights Analysis and Forecast
10.1 Introduction
10.2 Europe Smart/Connected Street Lights Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Smart/Connected Street Lights Market Size Forecast by Type
10.6.1 Hardware
10.6.2 Software
10.6.3 Services
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Smart/Connected Street Lights Market Size Forecast by Applications
10.10.1 Infrastructure
10.10.2 Shopping Plaza
10.10.3 Industrial Area
10.10.4 Public Road
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Smart/Connected Street Lights Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Smart/Connected Street Lights Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Smart/Connected Street Lights Market Size Forecast by Type
11.6.1 Hardware
11.6.2 Software
11.6.3 Services
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Smart/Connected Street Lights Market Size Forecast by Applications
11.10.1 Infrastructure
11.10.2 Shopping Plaza
11.10.3 Industrial Area
11.10.4 Public Road
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Smart/Connected Street Lights Analysis and Forecast
12.1 Introduction
12.2 Latin America Smart/Connected Street Lights Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Smart/Connected Street Lights Market Size Forecast by Type
12.6.1 Hardware
12.6.2 Software
12.6.3 Services
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Smart/Connected Street Lights Market Size Forecast by Applications
12.10.1 Infrastructure
12.10.2 Shopping Plaza
12.10.3 Industrial Area
12.10.4 Public Road
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Smart/Connected Street Lights Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Smart/Connected Street Lights Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Smart/Connected Street Lights Market Size Forecast by Type
13.6.1 Hardware
13.6.2 Software
13.6.3 Services
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Smart/Connected Street Lights Market Size Forecast by Applications
13.10.1 Infrastructure
13.10.2 Shopping Plaza
13.10.3 Industrial Area
13.10.4 Public Road
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Smart/Connected Street Lights Market: Competitive Dashboard
14.2 Global Smart/Connected Street Lights Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Echelon Corporation
14.3.2 Silver Spring
14.3.3 Philips Lighting
14.3.4 Bridgelux
14.3.5 OSRAM
14.3.6 GE Lighting
14.3.7 TVILIGHT
14.3.8 TCOMM
14.3.9 Petra Systems
14.3.10 STREETLIGHT.VISION
14.3.11 Cyan Technology
14.3.12 SHAH
14.3.13 Telematics
14.3.14 ONTAZ
14.3.15 SELC
14.3.16 Flashnet
