Global Smart Pole Market Scope Report

Global Smart Pole Market Highlights Over 2023 - 2035

The global smart pole market is estimated to garner a revenue of USD 49.0 Billion by the end of 2035 by growing at a CAGR of ~16% over the forecast period, i.e., 2023 – 2035. Further, the market generated a revenue of USD 9.0 Billion in the year 2023. The growth of the market can be attributed to the increasing construction of smart pole followed by a rising awareness related to the smart poles around the globe.  Moreover, the countries are moving towards smart city through the installation of smart poles for providing better experience to the tourists. More than 20, 000 smart pole construction will be done by the end of the year 2022 in Shiyan city of China.

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A smart pole refers to a light pole that includes intelligent LED lighting, a camera, and even a charging system for electric vehicles. Apart from possibly housing an OEM's wireless macro, 5G technology, or small cell, this is about the extent to which most system suppliers have defined a smart pole for a smart city. Furthermore, there has been an increasing adoption of cameras for monitoring activities in public that is projected to boost the growth of the global smart pole market. There are more than 300, 000 public CCTV cameras in Hyderabad city of India in the year 2022.

Global Smart Pole Market: Growth Drivers and Challenges

Growth Drivers

• Growing Connected Devices– The smart pole provided wi-fi and network connection to the mobile devices and it is expected to rise the growth of the global smart pole market.  There are more than 14 Billion number of mobile devices operating around the globe in the year 2021.

• Surging Adoption of IOT Technology– In the year 2020, the number of connected IOT devices has reached more than 9.5 Million around the world.

• Growing Road Accidents– As per the World Health Organization, nearly between 30 to 50 Million more people suffer non-fatal injuries every year

• Increasing Digital Infrastructure– There is USD 2.1 Trillion or 10.2 per cent of the United States GDP that contributes to the digital economy in the United States.

Challenges

• High Cost for the Implementation of the Smart Poles

• Uncertainty Related to Weather Conditions

• Scarcity of Technical Professionals

The global smart pole market is segmented and analyzed for demand and supply by application into public places, railways & harbors, highways & roadways, and others. Out of these, the public places segment is anticipated to hold the largest share over the forecast period owing to the benefits provided by the smart poles in the form of charging points, network, security cameras to the public. Moreover, there has been a rising need for security cameras followed by an increasing crime rate, and prevent overcrowding at a single place that can lead to any mishappening.  In the United States, more than 45 per cent of the people uses public Wi-Fi on regular basis.

Global Smart Pole Market Regional Synopsis

Regionally, the global smart pole market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in the North America region is projected to hold the largest market share by the end of 2035 on the back of an increasing installation of artificial intelligence backed smart poles across different countries such as United Nations to support the organization owners and residents.

The market in the Asia Pacific region is expected to witness the faster growth over the forecast period owing to the rising initiatives taken by the government for the development of cities such as smart cities mission announced in India for different states/ Union Territory across the country. Moreover, there has been a growth in the people living in cities areas contributing more to the GDP of the countries. As per the India Brand Equity Foundation, the urban areas are anticipated to accommodate nearly 40 per cent of India’s population contributing 75 per cent to the GDP.

Market Segmentation

Our in-depth analysis of the global smart pole market includes the following segments:

Key Companies Dominating the Global Smart Pole Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global smart pole market that are included in our report are Wipro Limited, Siemens Aktiengesellschaft, General Electric Company, Signify Holding B.V., Neptun Light, Inc., Lumca Inc., Koninklijke Philips N.V., ELKO EP, Mobile Pro Systems, Shanghai Sansi Electronic Engineering Co., Ltd., and others.

Global Smart Pole Market: Latest Developments

• August, 2022: Siemens Aktiengesellschaft announced the Completion of acquisition of Brightly Software that will lead them to a high position software for buildings and built infrastructure.

• April, 2018: Neptun Light, Inc., announced LED lightning retrofit at Kanas city convention center that resulted in USD 6.3 million savings.

Key Reasons to Buy Our Report

• The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

• We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal. 

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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