PUBLISHER: The Business Research Company | PRODUCT CODE: 1656924
PUBLISHER: The Business Research Company | PRODUCT CODE: 1656924
A smart pole is characterized as a pole incorporating a fully integrated lighting system, sensors, wireless connectivity (Wi-Fi or cellular technology), and various other functions within a unified unit. Smart poles leverage real-time systems, data, and sensors to establish connections among information and communication technologies, involving various entities such as municipalities, commercial businesses, transportation grids, hospitals, schools, and others.
The primary hardware components of smart poles include lighting lamps, pole brackets & bodies, communication devices, controllers, and other essential elements. The lighting lamp denotes the smart lighting systems utilized in both new installations and retrofit installations of smart poles. These lighting systems within smart poles constitute an integrated system, facilitating communication and information exchange among multiple entities through real-time systems, sensors, and data. They can be deployed through either new installations or retrofit setups and find applications in various settings, including highways, roadways, public places, railways, and harbors.
The smart pole market research report is one of a series of new reports from The Business Research Company that provides smart pole market statistics, including smart pole industry, global smart pole market size, regional shares, competitors with a smart pole market share, detailed smart pole market segments, market trends and opportunities, and any further data you may need to thrive in the smart pole industry. This smart pole market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The smart pole market size has grown rapidly in recent years. It will grow from $11.73 billion in 2024 to $13.5 billion in 2025 at a compound annual growth rate (CAGR) of 15.1%. The growth in the historic period can be attributed to energy efficiency, government initiatives, safety and security concerns, smart city initiatives, community engagement.
The smart pole market size is expected to see rapid growth in the next few years. It will grow to $26.6 billion in 2029 at a compound annual growth rate (CAGR) of 18.5%. The growth in the forecast period can be attributed to renewable energy integration, electric vehicle (ev) charging, infrastructure modernization, demand for environmental monitoring, demand for public wi-fi.Major trends in the forecast period include artificial intelligence (ai) in surveillance, lidar and 3D scanning, 5g-ready infrastructure, integration with edge computing, iot sensors.
The expansion of smart roads worldwide is anticipated to drive the growth of the smart pole market. Smart roads, equipped with intelligent streetlights, traffic lights, and various smart technologies, enhance transportation safety and security. These roads leverage advanced communication networks, IoT sensor networks, big data, and AI/ML technologies to collect information from traffic lights, parking meters, and air quality sensors. This data is then utilized to optimize traffic flow, alleviate congestion, and ensure secure passage for people. A study published in Tomorrow City, an interdisciplinary research hub, revealed that over EUR 421 million has been invested in the development of 69 mobility projects in Europe. The increasing prevalence of smart roads is expected to be a driving force behind the growth of the smart pole market in the forecast period.
The growing demand for 5G connectivity is poised to contribute to the expansion of the smart pole market. 5G connectivity, the fifth iteration of wireless technology for cellular networks, requires a dense network of small cells and base stations for deployment. Smart poles, equipped with the necessary components, play a crucial role in the expansion of 5G infrastructure. According to a report by the GSM Association, the number of 5G connections is projected to surpass 1 billion in 2021, doubling to 2 billion by 2025. By the end of 2025, 5G connections are expected to make up over 20% of total mobile connections, with over 40% of the global population having access to a 5G network. The increasing demand for 5G connectivity is a significant factor fueling the growth of the smart pole market.
An emerging trend gaining popularity in the smart pole market is the increasing integration of IoT-enabled devices in smart poles. IoT-enabled devices, including sensors, actuators, and appliances, transmit data over the internet for specific applications. Many companies in the smart pole market are integrating multiple IoT-enabled devices to enhance usability and broaden the capabilities of poles, allowing them to perform various activities. For example, Signify N.V., a Netherlands-based lighting manufacturer, introduced the BrightSites smart pole, incorporating a range of IoT applications, connectivity options, cameras, and environmental sensors.
Major players in the smart pole market are innovating by developing products such as AI-infused smart poles to cater to larger customer bases, drive more sales, and increase revenue. AI-infused smart poles, equipped with artificial intelligence technology, serve various functions, including environmental monitoring, traffic management, and connectivity services. Clovity, a US-based software services provider, launched the City Smart Pole in April 2023, utilizing IoT and AI software along with integrated smart device features like cameras, private 5G networks, and digital signage. This product emphasizes enhancing the safety of cities and public spaces.
In June 2022, Siemens AG, a Germany-based company specializing in industrial automation, distributed energy resources, rail transport, and health technology, acquired Brightly for an undisclosed amount. This acquisition is intended to enhance Siemens AG's technology, expand its market presence, and drive innovation. Brightly is an India-based software company that specializes in providing software solutions for facilities and asset management.
Major companies operating in the smart pole market include Signify Holding NV, Silver Spring Networks Inc., Telensa Holdings Limited, Wipro Limited, Zumtobel Group AG, Cree Inc., Eaton Corporation PLC, Echelon Corporation, General Electric Company, Siemens AG, Iram Technologies Private Limited, Efftronics Systems Private Limited, Shanghai Sansi Electronic Engineering Co. Ltd., Lumca Inc., SmartCiti Solutions Inc., Valmont Structures Private Limited, Keselec Lighting Private Limited, LEDbow Technologies Ltd., Norsk Hydro ASA, Energasia Smart Poles Sdn. Bhd., Streetscape International, American Tower Corporation, HUB Group Inc., ELKO EP sro, ENE.HUB Pty Ltd., Philips Lighting Holding B.V., General Electric Lighting Limited, Hubbell Incorporated, Schreder SA, Siklu Communication Ltd.
North America was the largest region in the smart pole market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart pole market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the smart pole market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The smart pole market consists of revenues earned by entities by providing smart pole services designing, installation, maintenance and network operations. The market value includes the value of related goods sold by the service provider or included within the service offering. The smart pole market also includes sales smart pole components cameras, environmental sensors, PV solar cells, USB charging, digital signage, and smart lights. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Smart Pole Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on smart pole market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for smart pole ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The smart pole market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.