Smart Pole Market - Forecast(2024 - 2030)

Smart Pole Market Overview

Smart Pole Market size is estimated to reach US$ 30.51 Million by 2026 growing at a CAGR 20.01% during the forecast period 2021-2026. According to Telelink City, more than 320 million smart poles have been installed worldwide accelerating global smart revolution. The growth of Smart Pole Market is majorly attributed to the increasing government investments towards smart city projects leveraging artificial intelligence, big data, cloud computing and other emerging technologies. Increasing integration of IoT enabled devices including LED street lights, fluorescent lamps, electronic ballasts, Pole bracket and Pole Body, lamp controller, surveillance cameras, environmental sensors, wi-fi access points, EV charging sockets, digital billboard, audio speakers with pole infrastructure to tie all the smart applications together improving urban landscape for real-time monitoring and personalized services such as data or image transfer service has significantly triggered the market growth. Furthermore, rapid developments in 5G infrastructure is accelerating the installation of 5G smart poles within the cities enabling enhancement of multi-functional digital poles as a part of smart city initiative.

Smart Pole Market Report Coverage

The report: “Smart Pole Market – Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Smart Pole market

By Offering: Hardware (Lighting Lamp (LED lights, Fluorescent lamp, others), Pole bracket and Pole Body, Electronic Ballast, Lamp Controller, Wireless Access Points, Environmental Sensors, Surveillance cameras, EV charger, Audio Speaker, Digital Billboard, others), Software, Services (installation, maintenance, others)
By Installation Type: New, Retrofit
By Location: Railways, Roadways & Highways, Harbors, Public Places
By Application: intelligent lighting, intelligent traffic monitoring, parking space monitoring, environmental monitoring (air quality checking, noise pollution detection, temperature/ humidity checking), security & surveillance, wireless network (Wi-fi hotspot, cellular base station), digital display (advertising, political news, information release), EV charging pole, others
By Geography: North America (U.S, Canada, Mexico), Europe(Germany, UK, France, Italy, Spain, Russia, Rest of Europe), APAC(China, Japan India, South Korea, Australia, Rest of APAC), South America(Brazil, Argentina, Rest of South America), and RoW (Middle east and Africa)

Key Takeaways

• Software segment is estimated to hold the largest market share with the fastest growing CAGR 16.76% during the forecast period 2021-2026 due to rising demand for data transmission to analyze real-time information for public safety and environmental purposes.
• North America is estimated to dominate the market with a CAGR 9.45% during 2021-2026 owing to the presence of large number of smart cities, up-graded utility infrastructure and high investments towards technological up-gradation.
• Increasing investments towards smart city projects and rapid growth in telecommunication sector are driving the market.
• High deployment cost is one of the challenges impeding the growth of the market.

Global Smart Pole Market ($M), By Region, 2020-2026

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Smart Pole Market Segment Analysis – By Offering

By Offering, Smart Pole Market is segmented under hardware, software and services. Software accounted for the largest smart pole market share of 36.4% in 2020 and is estimated to witness the highest growth with a CAGR 16.76% during the forecast period 2021-2026 owing to rising demand of software solutions to be installed in smart pole infrastructure to enable real-time monitoring and data transmission with robust analytics for gaining actionable insights. In June 2020, German City of Essen installed 15 smart street lights leveraging E.ON’s smart pole technology featuring parking management software, environmental sensors and wi-fi hubs. Such technological advancements are stimulating the market.

Smart Pole Market Segment Analysis – By Location

By location, Smart Pole Market is segmented under railways, roadways & highways and other public spaces. Roadways and highways dominated the market in 2020 acquiring a smart pole market share of 49% and is estimated to account for the largest market share growing at a CAGR 11.67% during 2021-2026 owing to rising awareness among government authorities about adoption of smart poles for development of smart cities enabling real-time monitoring for public safety and pollution control improving urban efficiency. For instance, in September 2020, Seoul Municipality Government announced to install smart pole lighting system along roads equipped with sensor technology offering a wide range of applications and such developments are anticipated to drive the market from 2021 to 2026.

Smart Pole Market Segment Analysis – By Geography

By Geography, Smart Pole Market is segmented under North America, Europe, APAC, South America and RoW. North America dominated the market acquiring a share of 33% in 2020 and is estimated to hold the major market share growing at a CAGR 9.45% during 2021-2026 owing to early penetration of smart cities, continuous up-gradation of existing utility infrastructure and high investments towards advancements in latest technology. For instance, in October 2020, Canada announced to upgrade utility pole infrastructure to smart city green poles in a partnership with Nokia and such partnerships are estimated to boost the market from 2021 to 2026. APAC is estimated to be the fastest growing market during the forecast period 2021-2026 with a CAGR 11.39% owing to increasing government investments towards smart city projects and massive the transition towards digitalization. For instance, in March 2021, Lieutenant Governor of Srinagar, India inaugurated Srinagar Smart City Project worth USD 36.2 million and such government initiatives towards smart city projects is analysed to stimulate the market.

Smart Pole Market Drivers

Increasing investment towards Smart Cities is set to drive smart pole market growth

Increasing investments towards smart city projects matching with the city aesthetic to address transportation, communication, safety, energy management with intelligent solutions has contributed to the growth of the market. Alarming growth in air pollution and noise pollution level in cities due to heavy industrialization and rapid urbanization is also boosting the market. The growing demand for high-speed communication through wireless mesh network for real-time intelligent traffic control, energy consumption lowering, environment monitoring, real-time parking violation detection within smart cities is estimated to drive the market during 2020-2025. In May 2020, Tokyo Metropolitan Government announced to install 5G smart poles utilizing NEC’s smart street lighting technology to accelerate the smart city initiative. In August 2021, Mayor of Karon sub-district in Phuket announced to deploy smart connected poles as government’s smart city initiatives to boost tourism. Such government investments are analyzed to propel the market growth between 2021 and 2026.

Increasing expansion of telecommunication industries is augmenting smart pole market

Rising developments and expansion of telecom sectors to establish a connected smart city network is set to drive the market during the forecast period 2021-2026. Rapid innovations and developments in wifi and cellular communications accelerate the installation of smart poles to utilize the advantages of IoT applications ensuring public safety, intelligent traffic management, smart parking, environmental monitoring, digital billboards to capture a wide range of real-time information and thus propelling the market growth. Integrating street poles with built-in telecommunication equipment including antennas and remote radio units to enhance wireless broadband access for establishing seamless mobile coverage in streets, roadways, parking spaces has significantly triggered the market growth. Increasing adoption of smart poles providing unisons among all associated systems incorporating software control and sensors for transmission of data is augmenting the market. In August 2019, Verizon deployed wireless equipment inside smart poles in Denver for expanding 5G infrastructure and such developments are analyzed to propel the market growth between 2021 and 2026.

Smart Pole Market Challenges

High installation costs is analyzed to hamper the market growth

According to The Times of India Report, Indore Municipal Corporation aims to install 800 smart poles and 70,000 LED lights across the city and a sum of around US$ 3 billion would be spent on integrated infrastructure development project. The installation cost of smart poles is much higher as compared to the traditional street lights. Smart poles include various hardware equipment such as sensors, communication devices, control systems along with software solutions and due to high costs of control systems and software as compared to conventional posts the large scale adoption of smart poles is hampered.

Smart Pole Market Landscape

Product innovations, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Smart Pole market. In 2020, the market of Smart Pole industry outlook has been fragmented by several companies. Smart Pole top 10 companies include

• Philips Lighting Holding B.V.
• General Electric Company
• SYSKA LED
• Hubbell Incorporated
• Eaton Corporation
• Zumtobel Group
• Neptun Light Inc.
• Maven Systems Pvt. Ltd.
• Lumca Inc.
• Goldspar Australia Pty. Ltd.
• Virtual Extension Ltd.

Acquisitions/Product Innovations

• In February 2021, Energy Services provider EMC announced to acquire L70 Technologies accelerate transformation of standard light pole into smart pole enabling faster adoption of smart city infrastructure.
• In December 2020, Siklu announced the collaboration with Schreder, manufacturer of outdoor lighting systems to establish a wireless smart pole for smart city applications.

Relevant Report Titles:

Smart City Platform Market

Report Code: ITR 73940

Digital Utility Market

Report Code: ITR 99410

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