Smart Pole Market

Smart Pole Market Study by Software and Hardware for Highways & Roadways, Public Places, and Railways & Harbors from 2024 to 2034

Analysis of Smart Pole Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Smart Pole Market Outlook (2024 to 2034)

The global smart pole market is estimated at a value of US$ 13.21 billion in 2024 and is projected to increase to US$ 62.4 billion by the end of 2034. Worldwide sales of smart poles are forecasted to rise at 16.8% CAGR from 2024 to 2034.

Smart poles combining air quality monitoring systems, security cameras, wireless sensor networks, traffic management systems, and transport management systems are becoming increasingly sought after in many parts of the world. This trend is set to accelerate with the integration of AI and IoT technologies aimed at enhancing overall performance.

In different countries, governments are looking into providing smart poles with Wi-Fi access and charging points for citizens to improve their quality of life. Several governments are realizing the importance of upgrading public infrastructure to improve the quality of life for citizens. They are constantly looking for ways to improve technologies in smart cities.

Sales of smart poles increasing as through them citizens can access environmental information via smart poles to limit their exposure to air pollution, and city planners can use gathered data to support decisions that improve urban air quality. The government is increasingly emphasizing the use of energy-efficient lighting to enhance its existing infrastructure.

Key Market Growth Drivers

  • Governments in several countries are focusing on upgrading public infrastructure by deploying advanced systems, which is a key factor contributing to the expansion of the smart pole market size.
  • As urban and township projects multiply globally, there is a growing demand for improved infrastructure products, such as smart poles.
  • Use of smart poles is increasing as they come with several uses such as communication, surveillance, and illumination.
  • Leading manufacturers in the market are prioritizing the integration of LED lighting systems over traditional street lighting, driven by their lower energy consumption, which is fueling smart pole sales.
  • Several countries and cities are adopting smart poles to reduce energy costs and carbon footprint.
  • Smart poles leverage advancements in sensor technology, telecommunications such as 5G, and IoT to gather and transmit real-time data, enhancing public safety, environmental monitoring, and traffic management.
  • Notable smart pole market trend is increasing demand for components that offer reliable connectivity with smartphones and other devices.
  • Smart poles equipped with cameras and sensors play a crucial role in enhancing public safety through surveillance and monitoring capabilities, which are increasingly vital for disaster management and emergency response.
  • Smart poles with environmental sensors are gaining attention as they can provide crucial data about the weather, noise levels, and air quality.
Report Attribute Detail
Smart Pole Market Size (2024E) US$ 13.21 Billion
Forecasted Market Value (2034F) US$ 62.4 Billion
Global Market Growth Rate (2024 to 2034) 16.8% CAGR
North America Market Value (2024E) US$ 4.36 Billion
East Asia Market Growth Rate (2024 to 2034) 18% CAGR
Hardware Segment Value (2034F) US$ 46.18 Billion
Highways & Roadways Segment Value (2034F) US$ 33.07 Billion
Key Companies Profiled Eaton Corporation PLC; General Electric Company; Siemens AG; Silver Spring Networks (Itron); Wipro Limited; Signify Holding B.V; Echelon; The Zumtobel Group; Cree (Wolfspeed Inc.); Huawei and Unilumin Group Co., Ltd.; Virgin Media O2; American Tower Corporation; Siklu and Schreder; Cochin Smart Mission Ltd.

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What’s Complementing the Growing Market for Smart Poles?

“Smart Poles with LED Lighting Systems Gaining Popularity”

Smart poles with LED lighting systems gaining attention compared to conventional street lighting such as metal halide or high-pressure sodium lights. The reason behind the growing demand for smart poles with LED lighting systems is their energy efficiency. LEDs create illumination levels that are the same or even higher while using less electricity. Due to the decreased consumption of electricity, this efficiency directly results in lower energy costs for municipalities.

Increasing investment in smart cities by governments or in townships by construction companies is also driving smart pole market growth. The integration of advanced technologies such as smart poles into these projects improves public safety, better resource management, and increased connectivity for residents.

What is the Main Issue in the Business of Smart Poles?

“Requirement of High Initial Capital and Continuous Maintenance”

Several municipalities and governments across the world are finding it difficult to adopt smart poles because of associated costs, especially smaller ones with tighter resources. The initial investments also cover labor chargers for the installation process and required improvements to preexisting infrastructure in addition to the hardware components such as cameras, sensors, and communication devices.

Even after the integration of smart, they require continuous maintenance for long-term effectiveness. The maintenance includes servicing and components such as surveillance cameras, connectivity devices, LED lighting systems, and various others.

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Country-wise Insights

The North American region is poised to account for 33% of the global smart pole market share in 2024. As connected streetlights are deployed extensively in the region, new growth opportunities are emerging.

Why are Smart Pole Manufacturers Thriving in the United States?

“Government Initiatives Promoting Energy-Efficient Devices in Infrastructure”

Attribute United States
Market Value (2024E) US$ 1.94 Billion
Growth Rate (2024 to 2034) 16.5% CAGR
Projected Value (2034F) US$ 8.96 Billion

In 2024, the United States is forecasted to hold 44.5% revenue share in the North American region. The growing government's focus on implementing energy-efficient devices in infrastructure is driving demand for smart poles in the United States. Smart poles with LED lighting systems gaining a lot of traction in the United States as they use less energy than typical street lighting.

  • The United States announced in July 2021 that Coral Gables had installed a smart pole with artificial intelligence. The pole was provided by Ekin Spotter, which offers next-generation data analysis capabilities for emergency and traffic management. Such factors are significant to call for growth of the regional market.

Why is Adoption of Smart Poles Growing at a Notable Rate in South Korea?

“Several Smart City Projects Boosting Integration of Smart Poles”

Attribute South Korea
Market Value (2024E) US$ 688.9 Million
Growth Rate (2024 to 2034) 18.5% CAGR
Projected Value (2034F) US$ 3.75 Billion

Increasing smart city projects in South Korea are driving demand for smart poles. South Korea is widely integrating smart poles with advanced technologies such as energy-efficient LED lighting to lower energy consumption, environmental sensors to track weather and air quality, surveillance cameras to improve public safety, and 5G small cells for improved connectivity are all integrated into these poles. Because of growing smart city projects in South Korea, prominent producers and suppliers of smart poles are also focusing on South Korea to increase their profits.

Category-wise Insights

Based on installation type, the market is segmented into new and retrofit. The retrofit segment is projected to hold a significant worldwide revenue share by 2034.

Why is Hardware So Important in Smart Pole Setups?

“Need for Extensive Physical Infrastructure Such as Networking Components and Lighting Systems”

Attribute Hardware
Segment Value (2024E) US$ 10.3 Billion
Growth Rate (2024 to 2034) 16.2% CAGR
Projected Value (2034F) US$ 46.18 Billion

For smart poles, the requirement of hardware components is higher in comparison with software. Smart poles require a substantial amount of physical infrastructure, encompassing the pole structure itself along with multiple sensors, cameras, lighting systems, and networking components. While it requires a significant initial investment, this hardware is the backbone of smart pole functioning.

To keep up with damage and technological improvements, hardware components widely require routine maintenance, upgrades, or replacements, which creates a continuous demand. On the other hand, the software is more easily updated and scaled across several poles without requiring physical alterations, even though it is essential for handling and interpreting data from smart poles.

Where is Deployment of Smart Poles Rising Fast?

“High Emphasis on Enhancing Highway Road Safety”

Attribute Highways & Roadways
Segment Value (2024E) US$ 7.66 Billion
Growth Rate (2024 to 2034) 15.8% CAGR
Projected Value (2034F) US$ 33.07 Billion

Application of smart poles is increasing on highways & roadways to increase road safety in various countries. Smart poles provide versatile lighting solutions that enhance visibility for drivers in diverse weather and daylight conditions. Equipped with sensors, these poles facilitate proactive responses from traffic management centers by monitoring traffic flow, detecting accidents, and delivering real-time data. Additionally, built-in surveillance cameras enhance security by monitoring roads and promptly identifying issues.

Improving connectivity for drivers, emergency services, and IoT devices through the installation of communication infrastructure such as Wi-Fi and 5G small cells on smart poles facilitates the use of smart vehicle technology, emergency response, and navigation.

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

Competitive Landscape

There is a high degree of fragmentation in the market. As a result, key players in the smart pole market are using various strategies to strengthen their positions in the market, including new product development, research, and development, and strategic partnerships. As part of their efforts to establish a strong presence, they are also offering software and products for smart poles. To remain competitive, the key focus for market players is to enhance their product offerings to meet the evolving needs of end users.

  • In July 2024, CUP in Cologne, Germany, Phosco reported that its Connected Urban smart pole had been installed successfully. Just in time for the commencement of the European Football Championship, this state-of-the-art 5G streetlighting mast was installed, representing a major turning point in the development of urban mobile network infrastructure.
  • In March 2024, with the launch of its Smart Pole Trial, Virgin Media O2, a well-known British internet and mobile provider, and its shareholder Liberty Global have initiated a ground-breaking project. The goal of this ground-breaking project is to greatly increase mobile network capacity and coverage by installing smart poles equipped with 4G and 5G capabilities throughout the United Kingdom.
  • In February 2024, Huawei and Unilumin Group Co., Ltd. (Unilumin) jointly introduced the Smart Pole Site Joint Solution at MWC Barcelona 2024 to expedite the transition of smart cities through ICT.
  • In January 2024, Kampala Capital City Authority (KCCA) installed a total of 87 smart pole street lights. The city's numerous locations are home to solar-powered lights that are fixed to telecom infrastructure. As part of the authority's smart city plan, the American Tower Corporation (ATC) and the KCCA partnered to install the lights.
  • Siklu and Schreder launched a wireless backhaul service for smart infrastructure solutions in March 2021, called SHUFFLE Wireless Backhaul. Smart pole technologies provide security and safety to public spaces.
  • In June 2021, Cochin Smart Mission Ltd. (CSML) announced its Smart Mission project, which involves replacing existing streetlights with energy-efficient ones controlled remotely. As part of the project, CSML hopes to install 3,000 streetlights, including those on connected roads. Furthermore, many municipalities are implementing energy-efficient lighting programs to upgrade their existing lighting infrastructure.

Fact.MR provides detailed information about the price points of key manufacturers of smart poles positioned across the world, sales growth, production capacity, and speculative technological expansion, in this updated market report.

Segmentation of Smart Pole Market Research

  • By Component :

    • Software
    • Hardware
      • Lighting Lamps
      • Pole Brackets & Pole Bodies
      • Communication Devices
  • By Installation Type :

    • New
    • Retrofit
  • By Application :

    • Highways & Roadways
    • Public Places
    • Railways & Harbors
  • By Region :

    • North America
    • Western Europe
    • Eastern Europe
    • Latin America
    • East Asia
    • South Asia & Pacific
    • Middle East & Africa

- FAQs -

How big is the smart pole market at present?

The global market for smart poles is estimated at US$ 13.21 billion in 2024.

What is the projected size of the market for 2034?

Worldwide sales of smart poles are projected to reach US$ 62.4 billion by 2034.

At what rate is the demand for smart poles forecasted to increase?

Global demand for smart poles is projected to rise at a CAGR of 16.8%.

How is the market expected to fare in East Asia?

The market in East Asia is projected to reach US$ 16.22 billion by 2034-end.

At what rate is the market forecasted to expand in Japan?

Sales of smart poles in Japan are projected to rise at 18.2% CAGR through 2034.

Who are the leading manufacturers of smart poles?

Leading market players are Eaton Corporation PLC, Siemens AG, Wipro Limited, Signify Holding B.V, and Echelon.

Which application is projected to generate high revenue?

Use of smart poles on highways & roadways is expected to generate revenue of US$ 7.66 billion in 2024.

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Smart Pole Market

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