Global Smart Street Lighting Market Size, Trends & Growth Opportunity, By Component (Hardware, Software and Services), By Application (Traffic Monitoring, Environmental Monitoring, and Video Surveillance), By Industry Vertical (Commercial, Pharmaceutical, and Others) By Region and Forecast till 2030.
Global Smart Street Lighting Market
The Global Smart Street Lighting Market is expected to grow from US$ 2.04 Billion in 2022 to US$ 8.98 Billion by 2030; it is estimated to grow at a CAGR of 20.35% from 2023-2030.
Market Overview
A connected (smart) street light is a type of outdoor lighting that responds to the movement of vehicles, pedestrians, and cyclists. It is also known as adaptive street lighting since it automatically brightens when movement is detected and dims when there is no movement. Smart street lighting systems can detect maintenance problems and illumination failures in real time, enabling faults to be repaired in a timely manner and assuring greater service quality. This also eliminates the requirement for routine maintenance-related examinations.
Market Drivers
An increase in the population of urban regions, including the growth of the urban population overall (81% of the population resides in cities), is one of the key drivers behind the adoption of smart and intelligent solutions. Modern cities have grown primarily as a result of the need for smart cities' effective resource management. To transition from the traditional silo-based service delivery paradigm to a collaborative and integrated model, governments from many different countries are collaborating and partnering with one another. Since the market for connected street lights is closely coupled with the number of smart city initiatives, there will be a greater demand for linked street lights as there are more smart cities throughout the world.
Impact of Covid-19
The COVID-19 epidemic has had a severe influence on the connected (Smart) street light business. An overall global slowdown in new projects has resulted in a drop in demand for analogue semiconductors. As workers remained at home, international supply lines were disrupted as global manufacturers tried to adopt new techniques. Only the production and supply chain are stalled, therefore COVID-19's effects on this market are only transitory. Production, supply networks, and demand for connected (Smart) street light market forecast are all expected to progressively rise as conditions improve. In order to increase efficiency, this COVID-19 shutdown will encourage businesses to choose more modern linked (Smart) street lighting.
Market Segmentation
Segmentation By Component: Global Smart Street Lighting Market is segmented into Component such as Hardware, Software and Services.
Segmentation By Application: Global Smart Street Lighting Market is segmented into Application such as Traffic Monitoring, Environmental Monitoring, and Video Surveillance.
Segmentation By Industry Vehicle: Global Smart Street Lighting Market is segmented into Industry Vehicle such as Commercial, Pharmaceutical, and Others.
Segmentation By Region: Global Smart Street Lighting Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Lighting systems are currently undergoing a big change in Asia-Pacific. Due to the increased energy efficiency of LED lighting systems, a number of regional businesses are moving more and more towards using them in their manufacturing facilities as opposed to alternatives like incandescent and LFL lighting.
Market Key Players
Various key players are discussed in this report such as Cisco Systems, Inc., Citelum, DimOnoff Inc., Echelon, EnGo Planet, General Electric Company, Philips Lighting (Signify Holding), LED Roadway Lighting Ltd., LonMark International, and Twilight Citelum S.A.
Industrial Development
• SAP SE acquired the process management and business process intelligence company Signavio GmbH in February 2022. The scaled-up transformation and improvement of the organization's business practises will be made possible by the integration of SAP's business process intelligence unit with Signavio.
Market Taxonomy
By Component
• Hardware
• Software
• Services
By Application
• Traffic Monitoring
• Environmental Monitoring
• Video Surveillance
By Industry Vertical
• Commercial
• Pharmaceutical
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Key Questions Addressed by the Report
• What are the Key Opportunities in Global Smart Street Lighting Market?
• What will be the growth rate from 2023 to 2030?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
• What are the strategies adopted by key players?
Global Smart Street Lighting Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Smart Street Lighting Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn
4.2.6 Post covid-19 world Supply & Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Smart Street Lighting Market, By Application
5.1 Y-o-Y Growth Comparison, By Application
5.2 Global Smart Street Lighting Market Share Analysis, By Application
5.3 Global Smart Street Lighting Market Size and Forecast, By Application
5.3.1 Traffic Monitoring
5.3.2 Environmental Monitoring
5.3.3 Video Surveillance
6 Global Smart Street Lighting Market, By Industry Vertical
6.1 Y-o-Y Growth Comparison, By Industry Vertical
6.2 Global Smart Street Lighting Market Share Analysis, By Industry Vertical
6.3 Global Smart Street Lighting Market Size and Forecast, By Industry Vertical
6.3.1 Commercial
6.3.2 Pharmaceutical
6.3.3 Others
7 Global Smart Street Lighting Market, By Component
7.1 Y-o-Y Growth Comparison, By Component
7.2 Global Smart Street Lighting Market Share Analysis, By Component
7.3 Global Smart Street Lighting Market Size and Forecast, By Component
7.3.1 Hardware
7.3.2 Software
7.3.3 Services
8 Global Smart Street Lighting Market, By Region
8.1 Global Smart Street Lighting Market Share Analysis, By Region
8.2 Global Smart Street Lighting Market Share Analysis, By Region
8.3 Global Smart Street Lighting Market Size and Forecast, By Region
9 North America Smart Street Lighting Market Analysis and Forecast (2023 – 2030)
9.1 Introduction
9.2 North America Smart Street Lighting Market Share Analysis, By Application
9.3 North America Smart Street Lighting Market Size and Forecast, By Industry Vertical
9.4 North America Smart Street Lighting Market Size and Forecast, By Component
9.5 North America Smart Street Lighting Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Smart Street Lighting Market Analysis and Forecast (2023 – 2030)
10.1 Introduction
10.2 Europe Smart Street Lighting Market Share Analysis, By Application
10.3 Europe Smart Street Lighting Market Size and Forecast, By Industry Vertical
10.4 Europe Smart Street Lighting Market Size and Forecast, By Component
10.5 Europe Smart Street Lighting Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11 Asia Pacific Smart Street Lighting Market Analysis and Forecast (2023 – 2030)
11.1 Introduction
11.2 Asia Pacific Smart Street Lighting Market Share Analysis, By Application
11.3 Asia Pacific Smart Street Lighting Market Size and Forecast, By Industry Vertical
11.4 Asia Pacific Smart Street Lighting Market Size and Forecast, By Component
11.5 Asia Pacific Smart Street Lighting Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Smart Street Lighting Market Analysis and Forecast (2023 – 2030)
12.1 Introduction
12.2 Latin America Smart Street Lighting Market Share Analysis, By Application
12.3 Latin America Smart Street Lighting Market Size and Forecast, By Industry Vertical
12.4 Latin America Smart Street Lighting Market Size and Forecast, By Component
12.5 Latin America Smart Street Lighting Market Size and Forecast, Country
13 Middle East Smart Street Lighting Market Analysis and Forecast (2023 – 2030)
13.1 Introduction
13.2 Middle East Smart Street Lighting Market Share Analysis, By Application
13.3 Middle East Smart Street Lighting Market Size and Forecast, By Industry Vertical
13.4 Middle East Smart Street Lighting Market Size and Forecast, By Component
13.5 Middle East Smart Street Lighting Market Size and Forecast, By Country
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Cisco Systems, Inc.
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Citelum
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 DimOnoff Inc.
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Echelon
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 EnGo Planet
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 General Electric Company
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Philips Lighting (Signify Holding)
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 LonMark International
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
