Global Connected (Smart) Street Light Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Connectivity;

Wired and Wireless.

By Sales Channel;

Direct and Indirect.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn158863183 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Connected (Smart) Street Light Market (USD Million), 2021 - 2031

In the year 2024, the Global Connected (Smart) Street Light Market was valued at USD 2,820.14 million. The size of this market is expected to increase to USD 8,772.48 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 17.6%.

The global connected (smart) street light market is rapidly evolving, propelled by advancements in technology and the increasing trend towards urbanization and smart city initiatives worldwide. Smart street lights represent a significant upgrade over traditional lighting systems, integrating technologies such as IoT sensors, wireless communication, and data analytics to enhance efficiency, safety, and sustainability in urban environments. These intelligent systems allow for real-time monitoring, remote management, and adaptive lighting control, optimizing energy consumption while improving overall operational efficiency.

Governments and municipalities are key drivers in the adoption of smart street lights, spurred by initiatives aimed at reducing energy costs and carbon footprints. Policies promoting energy efficiency and sustainability further bolster market growth, encouraging investments in modernizing infrastructure. Technological innovations play a pivotal role, with advancements in LED lighting, sensor networks, and cloud-based platforms enabling seamless integration and scalability of smart street light solutions.

Despite the promising advancements, the market faces several challenges. High initial investments and retrofitting costs pose barriers to adoption, particularly in regions with aging infrastructure. Moreover, the complexity of integrating diverse technologies and ensuring compatibility across systems can hinder deployment efforts. Privacy concerns related to data collected from sensors and cameras embedded in smart street lights also present regulatory and public acceptance challenges, necessitating robust data protection measures and transparency in data usage.

Looking ahead, the market presents abundant opportunities. The expansion of IoT infrastructure and connectivity solutions, coupled with the rise of smart city projects globally, creates a fertile ground for smart street light deployments. Emphasis on data analytics and smart urban planning opens avenues for leveraging insights derived from sensor data to enhance operational efficiency and public safety. Collaborative efforts between public and private sectors, along with a growing focus on achieving sustainable development goals, further propel the market forward, promising a transformative impact on urban landscapes worldwide.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Connectivity
    2. Market Snapshot, By Sales Channel
    3. Market Snapshot, By Region
  4. Global Connected (Smart) Street Light Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Technological Advancements
        2. Cost Savings
        3. Enhanced Safety and Security
      2. Restraints
        1. Privacy Concerns
        2. Legacy Infrastructure
        3. Regulatory Challenges
      3. Opportunities
        1. Data Analytics and Insights
        2. Public-Private Partnerships
        3. Sustainability Goals
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Connected (Smart) Street Light Market, By Connectivity, 2021- 2031(USD Million)
      1. Wired
      2. Wireless
    2. Global Connected (Smart) Street Light Market, By Sales Channel, 2021- 2031(USD Million)
      1. Direct
      2. Indirect
    3. Global Connected (Smart) Street Light Market, By Geography, 2021- 2031(USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Adesto Technologies Corp.
      2. Cisco Systems Inc.
      3. Itron Inc.
      4. Signify NV
      5. Telensa Ltd.
  7. Analyst Views
  8. Future Outlook of the Market