Connected Street Light Market by Component, Networking Technology, Application, Region – Global Market Size Estimation, Industry-Wide Analysis, Competitive Landscape Assessment & Long-Term Forecast to 2032
Overview
The Connected Street Light Market size was valued at USD 1113.80 Million in 2024 and the total Connected Street Light revenue is expected to grow at a CAGR of 20.9% from 2025 to 2032, reaching nearly USD 5084.14 Million.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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Smart lighting is transforming the way cities and also save energy and cost over simple LEDs.
Smart street lights help to monitor traffic flow, parking, pedestrian crossings, seismic activity, or atmospheric changes. With the help of connected (smart) street light, cities can enhance operational efficiency, rise citizen satisfaction, and decrease costs.
Connected Street Light Market Dynamics:
Smart street lights are expected to contribute to more livable cities by helping to improve safety and reduce congestion, which is expected to drive the growth in the global connected (smart) street light market. Smart street lights more resourcefully manage electricity, leading to cost savings compared to simple LED luminaires that are expected to increase the demand for connected (smart) street light. Additionally, in the global connected (smart) street light market, the smart street lights also open up new revenue opportunities like leasing poles for digital signs and other services.
On the other hand, high initial setup cost associated with the installation of smart street lighting is hindering the growth of the global connected or smart light market.
Video monitoring can benefit cities better understand traffic and pedestrian patterns, which make adjustments and route emergency-response vehicles around congested areas. Street light sensors can deliver information about available parking in densely populated areas and also monitor vehicles for parking violations short of sending personnel out on the street.
Street lights with video cameras can help police in solving crimes after they happen and prevent new crimes from occurring. With the help of sound sensors, police can determine specific information like gunshots, which can rapidly secure an area. The Atlanta, Georgia, has reduced crime by 28 percent through the usage of smart street lights.
Connected Street Light Market Regional Insights:
Region-wise, the Europe region is estimated to contribute to the significant growth in the global market. The U.K, Germany, Norway, and France are some of the t the leading countries in the connected (smart) street light market. The significant growth in the market is attributed to a rapidly growing adoption of connected lights in electric vehicles, which in turn is expected to increase the demand for street lighting during the forecast period. Furthermore, North America is expected to grow at a xx% rate of CAGR during the forecast period. The growth is accredited to the increased investment to boost wireless technology for providing smart parking and related solutions in the urban sectors.
The development of smart cities is one of the key trends in the globa market, which influences growth. An increase in the number of smart cities across the globe has raised the demand for smart connected devices. The network of smart street lights advanced on a scalable platform, which increases road safety and reduces the chances of accidents. Some of the key players in the market are partnering with regional governments to build smart cities.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding dynamics, structure by analysing the market segments and, project the global connected (smart) street light market.
The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global cmarket. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment.
Connected Street Light Market Scope: Inquire before buying
| Connected Street Light Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2024 | Forecast Period: | 2025-2032 |
| Historical Data: | 2017 to 2024 | Market Size in 2024: | USD 1113.80 Mn. |
| Forecast Period 2025 to 2032 CAGR: | 20.9% | Market Size in 2032: | USD 5084.14 Mn. |
| Segments Covered: | by Component | • Hardware
o Light Source • Software o Services |
|
| by Networking Technology | • Narrowband • Medium band • Broadband |
||
| by Application | • Traffic Monitoring • Environmental Monitoring • Video Surveillance • Other |
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Connected Street Light Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Connected Street Light Market, Key Players are:
1. OSRAM Licht Group
2. Acuity Brands Lighting Inc.
3. Schreder Group
4. Twilight Citelum S.A.
5. Echelon Corporation
6. EnGo PLANET
7. Telensa Ltd.
8.Toshiba Lighting
9. Philips Lighting N.V
10. Dimonoff Inc.,
11. Silver Springs Network Inc.
12. Hubbell Lighting, Inc.
13. GE Lighting, LLC
14. Flashnet SRL
15. Royal Philips NV
16. Acuity Brands Lighting, Inc.
17. Eaton Corporation
18. Schneider Electric S.E
19. Honeywell International
20. General Electric Co
21. Lutron Electronics
22. CREE, INC.
23. Cisco System Inc.
24. Triliant Holdings Inc.
25. AxiomTek
26. Tech Mahindra Limited
Frequently Asked Questions:
1. Which region has the largest share in Global Connected Street Light Market?
Ans: Europe region held the highest share in 2024.
2. What was the Global Connected Street Light Market size in 2024?
Ans: The Global Connected Street Light Market size was USD 1113.80 Million in 2024.
3. What is scope of the Global Connected Street Light Market report?
Ans: Global Connected Street Light Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.
4. Who are the key players in Global Connected Street Light Market?
Ans: The important key players in the Global Connected Street Light Market are – OSRAM Licht Group, Acuity Brands Lighting Inc., Schreder Group, Twilight Citelum S.A., Echelon Corporation, EnGo PLANET, Telensa Ltd., Toshiba Lighting, Philips Lighting N.V, Dimonoff Inc.,, Silver Springs Network Inc., Hubbell Lighting, Inc., GE Lighting, LLC, Flashnet SRL, Royal Philips NV, Eaton Corporation, Schneider Electric S.E, Honeywell International, General Electric Co, Lutron Electronics, CREE, INC., Cisco System Inc., Triliant Holdings Inc., AxiomTek, Tech Mahindra Limited.
5. What is the study period of this Market?
Ans: The Global Connected Street Light Market is studied from 2024 to 2032.