MARKET OVERVIEW:
Connected (Smart) Street Lights are intelligent technology in the lighting system industry. They adjust automatically based on real-time road conditions and change according to realistic condition. A bulk of presently deployed lighting devices are focused on traditional lighting technologies. Increasing awareness of energy conservation and efficient lighting techniques, however, is attracting attention from players operating in the connected street light market. Moreover, the industry is being fueled by the growth of cameras and wireless systems in the sector of smart lighting. The industry is experiencing growth as a supply for greener approaches that would promote sustainable development around the world is rising.
RECENT DEVELOPMENTS:
In March 2017, Philips Lighting will feature energy-efficient LED street lighting on the scenic island of Ameland, the Netherlands, and Philips ClearSky, a light spectrum particularly intended to be polite to migratory birds. The fresh building infrastructure is a significant milestone in assisting Ameland to attain its optimistic sustainability objectives through energy-saving and light pollution reduction.
In April 2019, Itron Inc announced that the company is working with VINCI Energies' Electrix and Transport Canberra and City Services to create an Industrial Internet of Things network to support smart lighting and smart city and energy solutions in Australia's capital city of Canberra. This project represents Australia's largest stand-alone smart lighting project and the first contract in Australia and Oceania for energy performance.
In April 2019 it was announced that Samsung SDS and Telensa are collaborating on smart city initiatives together. The two firms are working together on intelligent street lighting. The first cooperation will be in Korea's town initiatives, with wider deployments continuing throughout the Asia Pacific and the U.S.
MARKET VALUE AND EXPECTED GROWTH:
The Connected (Smart), Street Lights Market, is currently valued at 250 Million USD and is expected to reach a value of 1125 Million USD by 2023. The Connected (Smart), Street Lights Market, is expected to grow at CAGR of 28.5% during the forecast period. Geographically, Europe holds the largest market share in smart street lighting followed by North America. Due to the projected benefits of intelligent road painting, which in fact decreases power usage and is also useful to the industry in this area, the numerous businesses and public departments in the U.K. are concentrating on intelligent road painting alternatives. Due to the requirement for energy-efficient alternative and increasing building sectors in this area, Asia Pacific is the highest increasing area in the intelligent flash industry.
MARKET DRIVERS, RESTRAINTS AND OPPORTUNITIES:
Major factors which have helped drive the market forward are-
The factors holding the market back include-
MARKET SEGMENTATION
By Component
By Application
By Region
ADVANTAGES OF USING CONNECTED STREET LIGHTS OVER CONVENTIONAL ONES:
In recent years, technological advances have certainly increased global requirement for connected (smart) street lights. It has increased road lamps ' ability, which is more effective than standard road lamps. The constant supply for sustainable lighting alternatives has resulted in important development in connected (smart) street lights across countries in both advanced and emerging areas. Moreover, the growth of smart cities across countries around the globe has compelled state and businesses to look forward to alternatives for smart lighting.
KEY MARKET PLAYERS:
Signify, Itron, Telensa, Echelon Corp, Rongwen, Current- powered by GE, DimOnOff, Flashnet, Sensus, GridComm.
RESEARCH METHODOLOGY:
The research done takes place in two phases namely-
Secondary Research The first phase of the research process is an extensive secondary research and identification of the related intelligence. Secondary data is compiled from various sources. An extensive secondary research helps in generating hypothesis and identifying critical areas of interest that are investigated through primary research.
Primary Research This entails conducting hundreds of primary interviews with industry participants and commentators in order to validate the data points obtained from secondary research and to fill the data gaps. A primary interview provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc. It also helps in deciding the scope and deliverables of the study in terms of the requirement of the market. Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies.
Research Report Key Highlights:
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Component
5.1.1 Introduction
5.1.2 Hardware
5.1.3 Sensors
5.1.4 Controllers
5.1.5 Software
5.1.6 Services
5.1.7 Others
5.1.8 Y-o-Y Growth Analysis, By Component
5.1.9 Market Attractiveness Analysis, By Component
5.1.10 Market Share Analysis, By Component
5.2 Application
5.2.1 Introduction
5.2.2 Traffic Monitoring
5.2.3 Video Surveillance
5.2.4 Other Applications
5.2.5 Y-o-Y Growth Analysis, By Applications
5.2.6 Market Attractiveness Analysis, By Applications
5.2.7 Market Share Analysis, By Applications
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Component
6.1.3.3 By Application
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Component
6.1.4.3 By Applications
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Component
6.1.5.3 By Application
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Telensa
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Signify
8.3 Itron
8.4 Echelon Corp
8.5 Rongwen
8.6 Current
8.7 DimOnOff
8.8 Sensus
8.9 GridComm
8.10 Flashnet
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
