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

By Connectivity;

Wired and Wireless.

By Component;

Hardware, Sensors, and Controller/Relay.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn678206419 Published Date: March, 2025 Updated Date: April, 2025

Introduction

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

In the year 2024, the Global Connected Street Lighting Market was valued at USD 605.15 million. The size of this market is expected to increase to USD 2,528.65 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 22.7%.

The Global Connected Street Lighting Market is a rapidly evolving segment within the broader smart city initiative, leveraging advanced technologies to improve urban lighting systems' efficiency and functionality. Connected street lighting systems integrate IoT (Internet of Things) devices, sensors, and wireless communication technologies to enable remote monitoring and management of streetlights. This innovative approach not only enhances energy efficiency and reduces operational costs but also contributes to improved public safety and environmental sustainability. By providing real-time data on lighting conditions and maintenance needs, these systems ensure optimal performance and extend the lifespan of lighting infrastructure.

Adoption of connected street lighting is driven by the need for energy conservation, cost savings, and the growing emphasis on sustainable urban development. Governments and municipalities worldwide are increasingly investing in smart lighting solutions as part of their smart city projects. These systems can automatically adjust lighting levels based on traffic, weather conditions, and time of day, thereby optimizing energy usage. Additionally, connected streetlights can be equipped with various sensors to monitor environmental parameters such as air quality, temperature, and humidity, further enhancing the value of these installations in urban management.

The market is witnessing significant advancements in technology, including the development of more efficient LED lighting, enhanced communication networks, and sophisticated data analytics platforms. Major players in the market are focusing on strategic collaborations, product innovations, and expanding their geographical presence to capitalize on the growing demand. The integration of connected street lighting with other smart city solutions, such as intelligent traffic management and public safety systems, is expected to further drive market growth, making urban areas smarter, safer, and more sustainable.

  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 Component
    3. Market Snapshot, By Region
  4. Global Connected Street Lighting Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Energy Efficiency Enhancement
        2. Cost Reduction Imperative
        3. Sustainability Initiatives
        4. Technological Advancements
      2. Restraints
        1. High Initial Costs
        2. Data Privacy Concerns
        3. Integration Challenges
        4. Maintenance Complexities
      3. Opportunities
        1. Smart City Expansion
        2. Government Initiatives
        3. Environmental Regulations
        4. Advanced Analytics Integration
    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 Street Lighting Market, By Connectivity, 2021 - 2031 (USD Million)
      1. Wired
      2. Wireless
    2. Global Connected Street Lighting Market, By Component, 2021 - 2031 (USD Million)
      1. Hardware
      2. Sensors
      3. Controller/Relay
    3. Global Connected Street Lighting 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. General Electric Company
      2. Osram GmbH
      3. Signify Holding B.V.
      4. Cree Inc.
      5. Eaton Corporation PLC
  7. Analyst Views
  8. Future Outlook of the Market