The connected (smart) street light market size has the potential to grow by USD 671.07 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 28.02%.
This report provides a detailed analysis of the market by connectivity (wired and wireless), geography (Europe, North America, APAC, MEA, and South America), and key vendors.
Connected (Smart) Street Light Market Share
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Market Competitive Analysis
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Cisco Systems Inc.
- Dialog Semiconductor Plc
- Dimonoff Inc.
- EnGoPlanet Energy Solutions Inc.
- Intel Corp.
- Itron Inc.
- OSRAM GmbH
- Signify NV
- Telensa Ltd.
- TVILIGHT Projects BV
The connected (smart) street light market is concentrated and the vendors are deploying growth strategies such as product differentiation to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
The market players also significantly leverage external market drivers such as operational benefits of connected (smart) street lights to achieve growth opportunities. However, factors such as security risks and breach of privacy will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the connected (smart) street light market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
This connected (smart) street light market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
Connected (Smart) Street Light Market: Key Drivers and Trends
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Connected (Smart) Street Light Market: Segmentation by Geography
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34% of the market’s growth will originate from Europe during the forecast period. Germany and France are the key markets for connected (smart) street light in Europe. Market growth in this region will be slower than the growth of the market in APAC.
The efficiency and the renewable targets set by the government are some of the prime factors that will facilitate the connected (smart) street light market growth in Europe over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
Connected (Smart) Street Light Market: Segmentation by Type
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Wired smart street lights are largely deployed across the globe. Wired smart street lights use a more secure PLC communication model that is better than wireless communication models such as Bluetooth. Several cities such as Washington, in the US and Bloemfontein in South Africa, have increased the adoption of wired smart street lights. These factors are contributing to the growth of the segment. However, the market segment will record a slow growth rate during the forecast period.
Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the connected (smart) street light market size.
Connected (Smart) Street Light Market: Key Highlights of the Report for 2021-2025
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive connected (smart) street light market growth during the next five years
- Precise estimation of the connected (smart) street light market share and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the connected (smart) street light industry across Europe, North America, APAC, MEA, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of connected (smart) street light market vendors
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Connected (Smart) Street Light Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 28% |
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Market growth 2021-2025 |
$ 671.07 million |
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Market structure |
Concentrated |
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YoY growth (%) |
27.03 |
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Regional analysis |
Europe, North America, APAC, MEA, and South America |
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Performing market contribution |
Europe at 34% |
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Key consumer countries |
US, UK, Germany, China, and France |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
Cisco Systems Inc., Dialog Semiconductor Plc, Dimonoff Inc., EnGoPlanet Energy Solutions Inc., Intel Corp., Itron Inc., OSRAM GmbH, Signify NV, Telensa Ltd., and TVILIGHT Projects BV |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |