Connected (Smart) Street Light Market by Connectivity and Geography - Forecast and Analysis 2021-2025

Published: Feb 2021

Pages: 120

SKU: IRTNTR70190

Snapshot

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

Browse TOC and LoE with selected illustrations and example pages of Connected (Smart) Street Light Market Share

Request a FREE sample now!

Market Competitive Analysis

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

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

Smart street lights are capable of auto-dimming and brightening based on changes in weather conditions, the passage of vehicles, pedestrians, and animals.
Smart street lights are capable of measuring air pollution levels, alert on high toxic content in the air, monitor traffic and reduce crime rates through integrated cameras and sound sensors. Because of these operational benefits, smart street lights are increasingly being adopted across the world.

The emergence of smart cities is one of the major smart street lighting market trends influencing the market growth.
The increase in the number of smart cities across the world has raised the demand for smart connected devices, including smart street lights.
The network of smart street lights developed on a scalable platform improves road safety and reduces the chances of accidents.
Several market vendors are partnering with regional governments to build smart cities.

Grab your Free Sample now to unlock further information on other key market drivers

Connected (Smart) Street Light Market: Segmentation by Geography

For more insights on the market share of various regions Request for a FREE sample now!

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

Request for a FREE sample and Get more information on the market contribution of various segments

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.

Request for a FREE sample

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

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Connected (Smart) Street Light Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 28%
Market growth 2021-2025	$ 671.07 million
Market structure	Concentrated
YoY growth (%)	27.03
Regional analysis	Europe, North America, APAC, MEA, and South America
Performing market contribution	Europe at 34%
Key consumer countries	US, UK, Germany, China, and France
Competitive landscape	Leading companies, competitive strategies, consumer engagement scope
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
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,
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.

Table of Contents

Executive Summary

Market Landscape

Market ecosystem
Market characteristics
Value chain analysis

Market Sizing

Market definition
Market segment analysis
Market size 2020
Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

Market Segmentation by Connectivity

Market segments
Comparison by Connectivity
Wired - Market size and forecast 2020-2025
Wireless - Market size and forecast 2020-2025
Market opportunity by Connectivity

Customer landscape

Geographic Landscape

Geographic segmentation
Geographic comparison
Europe - Market size and forecast 2020-2025
North America - Market size and forecast 2020-2025
APAC - Market size and forecast 2020-2025
MEA - Market size and forecast 2020-2025
South America - Market size and forecast 2020-2025
Key leading countries
Market opportunity by geography
Market drivers
Market challenges
Market trends

Vendor Landscape

Competitive scenario
Vendor landscape
Landscape disruption

Vendor Analysis

Appendix

Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

Purchase Report

PURCHASE FULL REPORT OF

connected (smart) street light market

Buy Report - Single User License 2500 USD

QUICK BUY

Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

Why should you prefer Technavio's market insights report?

Off-the-shelf research reports
Reports can be tailored to meet the customer's needs
Trusted by more than 100 fortune 500 organizations
Information about the market's key drivers, trends, and challenges
Parent market analysis
Every week, 50,000 people visit our subscription platform
Detailed vendors report with competitive landscape
Covid-19 impact and recovery analysis
Data on revenue-generating market segments
Details on the market shares of various regions
Five-force market analysis