Smart Street Lights Market By Size, Share and Forecast 2029

Summary

Report Description

Forecast Period	2025-2029
Market Size (2023)	USD 1.78 Billion
Market Size (2029)	USD 6.37 Billion
CAGR (2024-2029)	23.49%
Fastest Growing Segment	High-Pressure Sodium Lamps
Largest Market	North America

Market Overview

Global Smart Street Lights market has experienced tremendous growth in recent years and is poised to maintain strong momentum through 2029F. The market was valued at USD 1.78 Billion in 2023 and is projected to register a compound annual growth rate of 23.49% during the forecast period.

The global smart street lights market has seen significant growth recently, mainly due to their widespread adoption across key sectors like manufacturing, healthcare, transportation, and logistics. These industries value smart street lights for their ability to capture and analyze operational data, especially in tough environmental conditions. Businesses in various sectors have invested heavily in advanced smart street lights technologies to meet their analytical needs and improve operational efficiency, particularly in wet environments. Leading providers offer innovative solutions with features like wireless connectivity and real-time data visualization, enabling automated processes and performance monitoring through centralized control panels. Using smart street lights helps businesses ensure accurate data capture in wet conditions, maximize data value, and streamline operations effectively. Different sectors collaborate with specialists to develop tailored solutions for specific analytical needs, especially in water-intensive environments. The increasing focus on evidence-based decision-making drives demand for displays capable of capturing high-quality visual data in all conditions.

The integration of IoT, sensors, and analytics platforms has revolutionized smart street lights' capabilities. The market's ability to support end-to-end data workflows, including large-scale visual data collection in wet conditions, will determine its long-term growth. As the demand for precise data capture and analytics rises across industries in wet environments, the smart street lights market is expected to maintain its positive momentum. Solution providers are continuously innovating to enhance customer engagement and communication. With advancing technology, the smart street lights market is poised for further growth and innovation to meet evolving business needs.

Key Market Driver

Energy Efficiency and Sustainability Imperatives

One of the primary drivers propelling the Smart Street Lights Market is the pressing need for energy efficiency and sustainability in urban infrastructure. Traditional street lighting systems, often based on high-pressure sodium lamps or conventional CFLs, are notorious for their inefficiency and high energy consumption. The imperative to reduce carbon footprints and lower energy costs has driven municipalities and city planners to embrace smart street lights powered by energy-efficient LED technology. LED lights not only consume significantly less energy but also have a longer lifespan, reducing maintenance costs and enhancing the overall sustainability of urban lighting infrastructure. Smart street lights take this energy efficiency a step further by incorporating intelligent controls and sensors that enable adaptive lighting based on real-time conditions. The ability to dim or brighten lights based on factors like pedestrian activity, traffic flow, and environmental conditions contributes to substantial energy savings. As cities globally align with sustainability goals and seek to optimize energy consumption, the adoption of smart street lights emerges as a pivotal driver in the transformation of urban landscapes.

IoT Integration for Intelligent City Infrastructure

The integration of Internet of Things (IoT) technologies serves as a significant driver propelling the Smart Street Lights Market toward the realization of intelligent city infrastructure. Smart street lights act as essential components in the broader concept of smart cities, where interconnected devices and sensors contribute to the efficient functioning of urban environments. The deployment of sensors in smart street lights allows for real-time monitoring and data collection on various parameters, including traffic density, air quality, and ambient light levels. This data-driven approach enables cities to make informed decisions for urban planning, traffic management, and public safety. By leveraging the power of IoT, smart street lights become nodes in a comprehensive network that facilitates seamless communication and collaboration between different components of city infrastructure. The intelligence embedded in smart street lights goes beyond energy efficiency, extending to features like adaptive lighting, predictive maintenance, and the ability to integrate with other smart city applications. As municipalities strive to create more connected and intelligent urban ecosystems, the demand for smart street lights, as a cornerstone of IoT-enabled city infrastructure, continues to drive market growth.

Enhanced Safety and Security Features

The incorporation of enhanced safety and security features stands out as a driving force behind the growing adoption of smart street lights. Traditional street lighting systems often fall short in addressing evolving safety challenges in urban environments. Smart street lights, equipped with advanced sensors, cameras, and intelligent monitoring capabilities, significantly contribute to enhancing public safety. These features not only deter criminal activities but also provide valuable data for law enforcement and emergency services. Surveillance cameras integrated into smart street lights enable real-time video monitoring, ensuring a proactive response to incidents and emergencies. Moreover, adaptive lighting features, triggered by motion sensors or specific events, contribute to a safer environment by illuminating areas with increased pedestrian or vehicular activity. The integration of these safety and security features aligns with the overarching goal of creating safer and more livable urban spaces. Municipalities and urban planners, cognizant of the importance of public safety, are increasingly turning to smart street lights as integral components in their strategies to create secure and well-lit cityscapes. This emphasis on safety features serves as a compelling driver propelling the growth of the Smart Street Lights Market, addressing contemporary challenges in urban living.

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Key Market Challenges

Infrastructure and Integration Challenges

One of the significant challenges confronting the Smart Street Lights Market revolves around the complexities associated with infrastructure deployment and seamless integration into existing urban landscapes. The transition from conventional street lighting systems to smart street lights often necessitates substantial infrastructural changes, including the installation of new lighting fixtures, sensors, communication networks, and control systems. This poses a challenge for municipalities and city planners as they navigate the intricate process of retrofitting or deploying smart street lights. The diversity of urban layouts, existing infrastructure, and varied lighting requirements further complicates the integration process. Urban environments with historical significance may face additional challenges in preserving architectural aesthetics while incorporating modern smart lighting solutions. Furthermore, the need for a robust communication infrastructure to support real-time data exchange and control functionalities adds another layer of complexity. Overcoming these infrastructure challenges requires meticulous planning, collaboration with various stakeholders, and investments in upgrading the existing urban framework. As the Smart Street Lights Market strives to achieve widespread adoption, addressing these infrastructure and integration challenges becomes imperative for realizing the full potential of intelligent and connected urban lighting solutions.

Data Privacy and Security Concerns

A critical challenge confronting the Smart Street Lights Market revolves around the intricate balance between leveraging data for enhanced functionality and addressing the associated concerns regarding privacy and security. The integration of sensors and cameras into smart street lights enables the collection of vast amounts of data related to traffic patterns, environmental conditions, and public activities. While this data is instrumental in optimizing urban operations and enhancing safety features, it also raises significant privacy considerations. The potential for unauthorized access to sensitive information collected by smart street lights poses a risk to individual privacy. Concerns regarding data security, surveillance, and the potential misuse of information become paramount, demanding robust measures to safeguard against cyber threats and unauthorized access. Striking the right balance between utilizing data for smart functionalities and ensuring stringent data privacy measures is a complex challenge that requires the collaboration of technology providers, city authorities, and regulatory bodies. The development and adherence to comprehensive data privacy policies, encryption protocols, and secure communication frameworks are crucial steps in addressing these concerns. As the Smart Street Lights Market advances, overcoming data privacy and security challenges is integral to fostering public trust, regulatory compliance, and sustained market growth in the realm of intelligent urban lighting solutions.

Key Market Trends

Emergence of Sustainable and Solar-Powered Solutions

A prominent trend reshaping the Smart Street Lights Market is the emergence of sustainable and solar-powered solutions. Cities are increasingly embracing environmentally conscious practices, driving the adoption of smart street lights powered by solar energy. Solar-powered street lights leverage photovoltaic panels to harness energy from the sun during the day, storing it in integrated batteries for nighttime illumination. This trend aligns with global efforts to reduce carbon footprints, enhance energy efficiency, and create eco-friendly urban environments. The integration of solar-powered solutions into the Smart Street Lights Market not only addresses sustainability goals but also offers cost-effective alternatives by reducing reliance on conventional power sources. As the emphasis on green initiatives continues to grow, the integration of sustainable and solar-powered technologies represents a transformative trend, shaping the future landscape of intelligent urban lighting systems.

Implementation of Edge Computing for Real-Time Processing

An evolving trend in the Smart Street Lights Market is the implementation of edge computing for real-time data processing. As smart street lights generate an increasing volume of data from sensors, cameras, and connected devices, the need for instantaneous analysis and decision-making becomes crucial. Edge computing involves processing data at or near the source of generation rather than relying solely on centralized cloud servers. This trend enables smart street lights to respond swiftly to changing conditions, such as traffic patterns, emergencies, or adaptive lighting requirements. By reducing latency and enhancing responsiveness, edge computing contributes to the overall efficiency and effectiveness of smart street lighting systems. As cities strive for enhanced situational awareness and data-driven decision-making, the integration of edge computing technologies into smart street lights represents a forward-looking trend, fostering more intelligent and dynamic urban infrastructures.

Integration of Li-Fi Technology for Connectivity

A noteworthy trend influencing the Smart Street Lights Market is the integration of Li-Fi (Light Fidelity) technology for enhanced connectivity. Li-Fi utilizes light waves to transmit data, offering a wireless communication alternative to traditional Wi-Fi. Smart street lights equipped with Li-Fi capabilities can provide high-speed, secure, and energy-efficient connectivity to support a myriad of IoT devices and applications. This trend is particularly relevant in urban environments where the demand for seamless and reliable connectivity continues to escalate. The integration of Li-Fi aligns with the need for efficient data transmission, reduced network congestion, and increased bandwidth for emerging technologies. As cities embrace the era of smart connectivity, the trend of integrating Li-Fi technology into smart street lights positions them as integral components in building hyper-connected and technologically advanced urban landscapes.

Segmental Insights

By Component Insights

In 2023, the hardware component segment dominated the global smart street lights market and is expected to maintain its dominance during the forecast period. Hardware components such as light sources, motion sensors, and networking equipment form the backbone of smart street lighting infrastructure. The increased deployment of LED lights, which provide better illumination and consume less energy than traditional lamps, has significantly contributed to the large market share of the hardware segment. Additionally, rising installations of integrated cameras, detection sensors, and communication modules in street lights are expected to continue driving the demand for hardware. While the software and services segments are anticipated to grow at a faster pace, hardware components will remain crucial for smart street lighting systems. The hardware segment's importance in powering the infrastructure that enables smart city functions ensures its continued leadership of the overall smart street lights market through the forecast period.

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Regional Insights

In 2023, North America emerged as the dominant region in the Smart Street Lights Market, and this dominance is poised to persist throughout the forecast period. The leadership of North America can be attributed to several key factors, including robust technological infrastructure, early adoption of smart city initiatives, and a proactive approach to urban development. The region's cities have been at the forefront of integrating smart street lights into their urban landscapes, leveraging advanced technologies to enhance energy efficiency, improve safety, and contribute to overall sustainability goals. The presence of major technology hubs, coupled with significant investments in research and development, positions North America as a frontrunner in the smart city ecosystem. Additionally, the regulatory support for smart infrastructure projects and the continuous collaboration between public and private sectors further strengthen North America's dominance. As the Smart Street Lights Market continues to evolve, North America is expected to maintain its leadership position, driven by ongoing advancements in technology, a focus on sustainable urban development, and a commitment to leveraging smart solutions for enhancing the quality of life in urban environments. The region's strategic initiatives, robust infrastructure, and early adoption of intelligent lighting solutions position it as a pivotal player in shaping the trajectory of the Smart Street Lights Market in the years to come.

Recent Developments

In January 2022, Signify, a leading lighting company, successfully finalized its acquisition of Telensa, a UK-based company recognized for its expertise in the smart street-lighting sector. Telensa boasts a robust clientele, particularly among local councils and utility organizations, showcasing its strong foothold in the UK market.

Key Market Players

Signify N.V.
Cisco Systems, Inc.
General Electric Company
Huawei Technologies Co., Ltd
OSRAM Licht AG
Acuity Brands, Inc
Zumtobel Group AG
Virtual Extension Ltd
Silver Spring Networks, Inc
Bridgelux, Inc

By Component	By Lighting Technology	By Application	By Region
Hardware Software Services	LED CFL High-Pressure Sodium Lamps	Highways Streets and Roads Parks Commercial Places Industrial Areas	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Smart Street Lights Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Smart Street Lights Market, By Component:

o Hardware

o Software

o Services

Smart Street Lights Market, By Lighting Technology:

o LED

o CFL

o High-Pressure Sodium Lamps

Smart Street Lights Market, By Application:

o Highways

o Streets and Roads

o Parks

o Commercial Places

o Industrial Areas

Smart Street Lights Market, By Region:

o North America

§ United States

§ Canada

§ Mexico

o Europe

§ France

§ United Kingdom

§ Italy

§ Germany

§ Spain

o Asia-Pacific

§ China

§ India

§ Japan

§ Australia

§ South Korea

o South America

§ Brazil

§ Argentina

§ Colombia

o Middle East & Africa

§ South Africa

§ Saudi Arabia

§ UAE

§ Kuwait

§ Turkey

§ Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Smart Street Lights Market.

Available Customizations:

Global Smart Street Lights Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Smart Street Lights Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Formulation of the Scope

2.4. Assumptions and Limitations

2.5. Types of Research

2.5.1. Secondary Research

2.5.2. Primary Research

2.6. Approach for the Market Study

2.6.1. The Bottom-Up Approach

2.6.2. The Top-Down Approach

2.7. Methodology Followed for Calculation of Market Size & Market Shares

2.8. Forecasting Methodology

2.8.1. Data Triangulation & Validation

3. Executive Summary

4. Voice of Customer

5. Global Smart Street Lights Market Overview

6. Global Smart Street Lights Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Component (Hardware, Software, Services)

6.2.2. By Lighting Technology (LED, CFL, High-Pressure Sodium Lamps)

6.2.3. By Application (Highways, Streets and Roads, Parks, Commercial Places, Industrial Areas)

6.2.4. By Region

6.3. By Company (2023)

6.4. Market Map

7. North America Smart Street Lights Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Component

7.2.2. By Lighting Technology

7.2.3. By Application

7.2.4. By Country

7.3. North America: Country Analysis

7.3.1. United States Smart Street Lights Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Component

7.3.1.2.2. By Lighting Technology

7.3.1.2.3. By Application

7.3.2. Canada Smart Street Lights Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Component

7.3.2.2.2. By Lighting Technology

7.3.2.2.3. By Application

7.3.3. Mexico Smart Street Lights Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Component

7.3.3.2.2. By Lighting Technology

7.3.3.2.3. By Application

8. Europe Smart Street Lights Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Component

8.2.2. By Lighting Technology

8.2.3. By Application

8.2.4. By Country

8.3. Europe: Country Analysis

8.3.1. Germany Smart Street Lights Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Component

8.3.1.2.2. By Lighting Technology

8.3.1.2.3. By Application

8.3.2. United Kingdom Smart Street Lights Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Component

8.3.2.2.2. By Lighting Technology

8.3.2.2.3. By Application

8.3.3. Italy Smart Street Lights Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Component

8.3.3.2.2. By Lighting Technology

8.3.3.2.3. By Application

8.3.4. France Smart Street Lights Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Component

8.3.4.2.2. By Lighting Technology

8.3.4.2.3. By Application

8.3.5. Spain Smart Street Lights Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Component

8.3.5.2.2. By Lighting Technology

8.3.5.2.3. By Application

9. Asia-Pacific Smart Street Lights Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Component

9.2.2. By Lighting Technology

9.2.3. By Application

9.2.4. By Country

9.3. Asia-Pacific: Country Analysis

9.3.1. China Smart Street Lights Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Component

9.3.1.2.2. By Lighting Technology

9.3.1.2.3. By Application

9.3.2. India Smart Street Lights Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Component

9.3.2.2.2. By Lighting Technology

9.3.2.2.3. By Application

9.3.3. Japan Smart Street Lights Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Component

9.3.3.2.2. By Lighting Technology

9.3.3.2.3. By Application

9.3.4. South Korea Smart Street Lights Market Outlook

9.3.4.1. Market Size & Forecast

9.3.4.1.1. By Value

9.3.4.2. Market Share & Forecast

9.3.4.2.1. By Component

9.3.4.2.2. By Lighting Technology

9.3.4.2.3. By Application

9.3.5. Australia Smart Street Lights Market Outlook

9.3.5.1. Market Size & Forecast

9.3.5.1.1. By Value

9.3.5.2. Market Share & Forecast

9.3.5.2.1. By Component

9.3.5.2.2. By Lighting Technology

9.3.5.2.3. By Application

10. South America Smart Street Lights Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Component

10.2.2. By Lighting Technology

10.2.3. By Application

10.2.4. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Smart Street Lights Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Component

10.3.1.2.2. By Lighting Technology

10.3.1.2.3. By Application

10.3.2. Argentina Smart Street Lights Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Component

10.3.2.2.2. By Lighting Technology

10.3.2.2.3. By Application

10.3.3. Colombia Smart Street Lights Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Component

10.3.3.2.2. By Lighting Technology

10.3.3.2.3. By Application

11. Middle East and Africa Smart Street Lights Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value

11.2. Market Share & Forecast

11.2.1. By Component

11.2.2. By Lighting Technology

11.2.3. By Application

11.2.4. By Country

11.3. MEA: Country Analysis

11.3.1. South Africa Smart Street Lights Market Outlook

11.3.1.1. Market Size & Forecast

11.3.1.1.1. By Value

11.3.1.2. Market Share & Forecast

11.3.1.2.1. By Component

11.3.1.2.2. By Lighting Technology

11.3.1.2.3. By Application

11.3.2. Saudi Arabia Smart Street Lights Market Outlook

11.3.2.1. Market Size & Forecast

11.3.2.1.1. By Value

11.3.2.2. Market Share & Forecast

11.3.2.2.1. By Component

11.3.2.2.2. By Lighting Technology

11.3.2.2.3. By Application

11.3.3. UAE Smart Street Lights Market Outlook

11.3.3.1. Market Size & Forecast

11.3.3.1.1. By Value

11.3.3.2. Market Share & Forecast

11.3.3.2.1. By Component

11.3.3.2.2. By Lighting Technology

11.3.3.2.3. By Application

11.3.4. Kuwait Smart Street Lights Market Outlook

11.3.4.1. Market Size & Forecast

11.3.4.1.1. By Value

11.3.4.2. Market Share & Forecast

11.3.4.2.1. By Component

11.3.4.2.2. By Lighting Technology

11.3.4.2.3. By Application

11.3.5. Turkey Smart Street Lights Market Outlook

11.3.5.1. Market Size & Forecast

11.3.5.1.1. By Value

11.3.5.2. Market Share & Forecast

11.3.5.2.1. By Component

11.3.5.2.2. By Lighting Technology

11.3.5.2.3. By Application

11.3.6. Egypt Smart Street Lights Market Outlook

11.3.6.1. Market Size & Forecast

11.3.6.1.1. By Value

11.3.6.2. Market Share & Forecast

11.3.6.2.1. By Component

11.3.6.2.2. By Lighting Technology

11.3.6.2.3. By Application

12. Market Dynamics

12.1. Drivers

12.2. Challenges

13. Market Trends & Developments

14. Company Profiles

14.1. Signify N.V.

14.1.1. Business Overview

14.1.2. Key Revenue and Financials

14.1.3. Recent Developments

14.1.4. Key Personnel/Key Contact Person

14.1.5. Key Product/Services Offered

14.2. Cisco Systems, Inc.

14.2.1. Business Overview

14.2.2. Key Revenue and Financials

14.2.3. Recent Developments

14.2.4. Key Personnel/Key Contact Person

14.2.5. Key Product/Services Offered

14.3. General Electric Company

14.3.1. Business Overview

14.3.2. Key Revenue and Financials

14.3.3. Recent Developments

14.3.4. Key Personnel/Key Contact Person

14.3.5. Key Product/Services Offered

14.4. Huawei Technologies Co., Ltd

14.4.1. Business Overview

14.4.2. Key Revenue and Financials

14.4.3. Recent Developments

14.4.4. Key Personnel/Key Contact Person

14.4.5. Key Product/Services Offered

14.5. OSRAM Licht AG

14.5.1. Business Overview

14.5.2. Key Revenue and Financials

14.5.3. Recent Developments

14.5.4. Key Personnel/Key Contact Person

14.5.5. Key Product/Services Offered

14.6. Silver Spring Networks, Inc

14.6.1. Business Overview

14.6.2. Key Revenue and Financials

14.6.3. Recent Developments

14.6.4. Key Personnel/Key Contact Person

14.6.5. Key Product/Services Offered

14.7. Acuity Brands, Inc

14.7.1. Business Overview

14.7.2. Key Revenue and Financials

14.7.3. Recent Developments

14.7.4. Key Personnel/Key Contact Person

14.7.5. Key Product/Services Offered

14.8. Zumtobel Group AG

14.8.1. Business Overview

14.8.2. Key Revenue and Financials

14.8.3. Recent Developments

14.8.4. Key Personnel/Key Contact Person

14.8.5. Key Product/Services Offered

14.9. Virtual Extension Ltd.

14.9.1. Business Overview

14.9.2. Key Revenue and Financials

14.9.3. Recent Developments

14.9.4. Key Personnel/Key Contact Person

14.9.5. Key Product/Services Offered

14.10. Bridgelux, Inc

14.10.1. Business Overview

14.10.2. Key Revenue and Financials

14.10.3. Recent Developments

14.10.4. Key Personnel/Key Contact Person

14.10.5. Key Product/Services Offered

15. Strategic Recommendations

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

What was the market size of the Global Smart Street Lights Market in 2023?

The market size of the Global Smart Street Lights Market was USD 1.78 Billion in 2023.

Which was the dominant segment By Lighting Technology in the Global Smart Street Lights Market in 2023?

In 2023, the LED segment dominated the Global Smart Street Lights Market, driven by its superior energy efficiency and advanced features.

Which is the dominant region in the Global Smart Street Lights Market?

North America leads the Global Smart Street Lights Market due to widespread urbanization, government initiatives promoting smart city development, and the region's early adoption of advanced technologies.

What are the major drivers for the Global Smart Street Lights Market?

The major drivers for the Global Smart Street Lights Market include the imperative for energy efficiency, the integration of IoT technologies for intelligent city infrastructure, and the increasing demand for enhanced safety and security features in urban environments.

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Sakshi Bajaal

Business Consultant

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Press Release

Smart Street Lights Market is expected to register a CAGR of 23.49% during the forecast period

May, 2024

Smart Street Lights is increasing due to growing focus on energy efficiency, rapid urbanization and emphasis on public safety through advanced lighting solutions in the forecast period, 2025-2029F.

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