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 2024 and is expected to grow at a CAGR of 28.5% during the forecast period 2019 - 2024.
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
Key Challenges
Opportunities
RECENT DEVELOPMENTS:
Report Coverage
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Report Metric |
Details |
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Market Size Available |
2018 – 2024 |
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Base Year |
2018 |
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Forecast Period |
2019 - 2024 |
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Segments Covered |
By Component, Application & Region |
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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 |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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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
Connected (Smart) Street Lights Market - By Application
Connected (Smart) Street Lights Market - By Region
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.
RESEARCH METHODOLOGY:
The research done takes place in two phases namely-
Research Report Key Highlights:
Key Market Players Profiled in the Research Report are:
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
