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Pulished Date April, 2021
ID: 8693
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Connected (Smart) Street Lights Market - By Component (Hardware, Sensors, Controllers, Software, Services, Others), By Application (Traffic Monitoring, Environmental Monitoring, Video Surveillance & Other Applications), By Region ((North America (U.S., Canada), Europe (UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of EU), Asia Pacific (India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC), Latin America (Brazil, Mexico, Argentina, Chile), Middle East and Africa (KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA)) - Global Industry Analysis on Size, Growth, Investment, Strategy, Demand & Forecast Report | 2021 - 2026

Pulished: April, 2021
ID: 8693
Pages: 175

Connected (Smart) Street Lights Market Size, Share, Trends (2021 - 2026)

The size and share of Connected (Smart) Street Lights Market, is currently valued at 250 Million USD and is expected to reach a value of 1125 Million USD by 2026 and is expected to grow at a CAGR of 28.5% during the forecast period 2021 - 2026.

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 conditions. 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.

Market Growth Drivers

The increasing awareness about the conservation of energy and efficient lighting techniques is gaining the attention of players operating in the global connected (smart) street light market, which is resulting in the growth of the market.

The development of sensors and wireless technologies in the field of smart lighting coupled with the rise in the demand for greener strategies that would support sustainable development worldwide is anticipated to fuel the global connected (smart) street lights market. Moreover, one of the factors that are propelling connected street lights market is the advancements of the sensors and wireless technologies in the field of smart lighting.

Also, the growing trend of rising in the smart cities, around the globe coupled with the initiatives taken by utility companies and government institutions of various countries to adopt to smart lighting technologies in order to save energy and reduce carbon emission is driving the growth of global connected street lights business. The rise in the demand for the greener strategies that would support sustainable development worldwide is also estimated to propel the target market extension.

Key Challenges

However, the connected (smart) street light market faces challenges in terms of poor infrastructure in developing economies owing to the underdeveloped network infrastructure and low internet penetration, which leads to low bandwidth availability in the underdeveloped countries.

Growth Opportunities

Increasing adoption of light-emitting diodes (LEDs), rising trend of street lighting systems tremendously, the lighting in commercial setups and high penetration of connected street light technology in smart cities are expected to provide lucrative opportunities to the global connected (smart) street light market in the near future.


  • 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 Size Available

2018 – 2024

Base Year


Forecast Period

2019 - 2024

Segments Covered

By Component, Application & Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Signify, Itron, Telensa, Echelon Corp, Rongwen, Current- powered by GE, DimOnOff, Flashnet, Sensus, GridComm.


This Research Report Includes the Segmentation & Sub-Segmentation of the Connected (Smart) Street Lights Market with Size & Forecast until 2024.

Connected (Smart) Street Lights Market - By Component

  • Hardware
  • Sensors
  • Controllers
  • Software
  • Services
  • Others

Based on the component, the market has been classified into hardware, software, and services. Furthermore, the hardware segment has been sub-classified into the light source, drivers & bal-lasts, sensors, switches, controllers, and others. The hardware segment accounted for a dominant portion in the global market and is likely to continue with a notable growth rate in the coming years.

Connected (Smart) Street Lights Market - By Connectivity

  • Wired
  • Wireless

In terms of connectivity, the market has been divided into wired and wireless, where the wireless segment holds a significant share of the global connected (smart) street light market. It is also ex-pected to continue its dominance during the outlook period due to the introduction of new wireless technologies such as Li-Fi.

Connected (Smart) Street Lights Market - By Application

  • Traffic Monitoring
  • Environmental Monitoring
  • Video Surveillance
  • Other Applications

Connected (Smart) Street Lights Market - By Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

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.

Advantages of Using Connected Street Lights Over Conventional Ones:

In recent years, technological advances have certainly increased the 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 an 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 states and businesses to look forward to alternatives for smart lighting.

Some of the Key Market Players Profiled in the Research Report are:

  1. Signify
  2. Itron
  3. Telensa
  4. Echelon Corp
  5. Rongwen
  6. Current- powered by GE
  7.  DimOnOff
  8. Flashnet
  9.  Sensus
  10. GridComm


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        

                                       By Geographical Area

                                       By Component

                                       By Application

                                6.1.4  Market Attractiveness Analysis     

                                       By Geographical Area

                                       By Component

                                       By Applications

                                6.1.5  Market Share Analysis      

                                       By Geographical Area

                                       By Component

                                       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                                         


                a) List of Tables                

                b) List of Figures                              

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of By Component, By Application, and along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Connected (Smart) Street Lights Market By Region, From 2021-2026 ( USD Million )
  2. Global Connected (Smart) Street Lights Market By Component, From 2021-2026 ( USD Million )
  3. Global Hardware Market By Region, From 2021-2026 ( USD Million )
  4. Global Sensors Market By Region, From 2021-2026 ( USD Million )
  5. Global Controllers Market By Region, From 2021-2026 ( USD Million )
  6. Global Software Market By Region, From 2021-2026 ( USD Million )
  7. Global Services Market By Region, From 2021-2026 ( USD Million )
  8. Global Others Market By Region, From 2021-2026 ( USD Million )
  9. Global Connected (Smart) Street Lights Market By Application, From 2021-2026 ( USD Million )
  10. Global Traffic Monitoring Market By Region, From 2021-2026 ( USD Million )
  11. Global Environmental Monitoring Market By Region, From 2021-2026 ( USD Million )
  12. Global Video Surveillance Market By Region, From 2021-2026 ( USD Million )
  13. Global Other Applications Market By Region, From 2021-2026 ( USD Million )

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