According to the latest report by IMARC Group, titled “Smart Pole Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027â€, the global smart pole market is expected to exhibit a CAGR of 17.1% during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Market Trends:
Rapid urbanization and the rising need to efficiently manage assets and infrastructure are primarily driving the global smart pole market. Besides this, governments of several nations have been focusing on developing smart city projects and applying the Internet of Things (IoT) to improve air quality, traffic flow, and establish advertising systems, which is further propelling the smart pole market growth. Apart from this, the increasing usage of 5G wireless connectivity in smart poles has led to a significant improvement in mobile networks across the globe, which is creating a positive outlook for the market.
Smart pole refers to a lighting system that is integrated with artificial intelligence (AI) sensors, wireless connectivity, intelligent light emitting diode (LED) lighting, and 5G technology to create a smart city. It utilizes cell-based stations present within the pole that communicate information between multiple parties through real-time data. Smart poles are commonly used as charging stations for electric vehicles (EVs) and are built with surveillance systems to monitor air quality, traffic, gatherings, crimes, accidents, and unauthorized parking.
Smart Pole Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
The competitive landscape of the smart pole market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
Acuity Brands Lighting Inc
Cree Inc.
General Electric Company
Lumca Inc.
Mobile Pro Systems
Neptun Light Inc.
Siemens AG
Signify Holding
Sunna Design
Telensa Limited
Wipro Limited
Zumtobel Group
Key Market Segmentation:
The report has segmented the smart pole market on the basis of component, hardware, installation type, application and region.
Breakup by Component:
Hardware
Software
Services
Breakup by Hardware:
Lighting Lamp
Pole Bracket & Pole Body
Communication Device
Controller
Others
Breakup by Installation Type:
New Installation
Retrofit
Breakup by Application:
Highways and Roadways
Public Places
Railways and Harbors
Breakup by Region:
North America
Asia-Pacific
Europe
Latin America
Middle East and Africa
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Key highlights of the report:Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
Market Performance (2016-2021)
Market Outlook (2022-2027)
Industry Trends
Market Drivers and Success Factors
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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