Global Connected Street Lights Market Forecast: Industry Size, Growth and Analysis Insights
Report ID : 1306483 | Published : May 2025 | Study Period : 2023-2033 | Format : PDF + Excel
The market size of the Connected Street Lights Market is categorized based on Technology (LED, Smart Sensors, Communication Technology, Control Systems, Software Solutions) and Application (Urban Areas, Highways, Parks and Recreational Areas, Parking Lots, Smart Cities) and Component (Control Units, Lighting Fixtures, Networking Equipment, Software, Power Supply Units) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).
Estimated at $2.5 billion in 2023, the Connected Street Lights Market size is forecasted to reach $11.0 billion by 2033, exhibiting a CAGR of 16.0% between 2024 and 2033. The report includes various segments and analyzes key trends and factors that play a significant role in the market.
The Direct IOT Applications Market is shaped by the surging demand and adoption of new technologies in Smart Cities. As an integral part of the IoT framework, connected street lights improve public safety, energy consumption, urban traffic conditions, and enable coverage expansion for the fast-growing IoT ecosystem. The automation and efficiency of municipal operations increase as connected street lights utilize sensors, communication technologies, and data analytics to optimize the management and monitoring of urban infrastructure.
The global deployment of connected street lighting solutions implies sustainability as well as economic motivation. Market players such as municipalities, technology vendors and energy corporations aim to take advantage of advanced connected lighting systems. Embracing sustainable measures like connected street lights promotes reduced maintenance levels along with improved energy efficiency which contributes great value to economic development and the quality of life in urban areas.
| ATTRIBUTES | DETAILS |
| STUDY PERIOD | 2023-2033 |
| BASE YEAR | 2023 |
| FORECAST PERIOD | 2024-2033 |
| HISTORICAL PERIOD | 2023-2024 |
| UNIT | VALUE (USD BILLION) |
| KEY COMPANIES PROFILED | Philips Lighting, General Electric, Schneider Electric, Osram, Cree Inc., Honeywell, Siemens, Itron, Eaton Corporation, Signify, Sensus |
| SEGMENTS COVERED |
By Technology - LED, Smart Sensors, Communication Technology, Control Systems, Software Solutions
By Application - Urban Areas, Highways, Parks and Recreational Areas, Parking Lots, Smart Cities
By Component - Control Units, Lighting Fixtures, Networking Equipment, Software, Power Supply Units
By Geography - North America, Europe, APAC, Middle East Asia & Rest of World. |
Connected Street Lights Market Dynamics
The Connected Street Lights Market is undergoing significant changes due to various dynamic factors. This section delves into the key drivers, restraints, opportunities, and challenges that are shaping the market landscape.
Market Drivers
- Technological Advancements
- Increasing Consumer Demand
- Regulatory Support
- Globalization
Market Restraints
- High Operational Costs
- Regulatory Challenges
- Market Saturation
Market Opportunities
- Emerging Markets
- Product Innovation
- Strategic Partnerships
Market Challenges
- Technological Disruptions
- Supply Chain Issues
- Changing Consumer Preferences
Connected Street Lights Market Segmentations
Market Breakup by Technology
- Overview
- LED
- Smart Sensors
- Communication Technology
- Control Systems
- Software Solutions
Market Breakup by Application
- Overview
- Urban Areas
- Highways
- Parks and Recreational Areas
- Parking Lots
- Smart Cities
Market Breakup by Component
- Overview
- Control Units
- Lighting Fixtures
- Networking Equipment
- Software
- Power Supply Units
Market Breakup by Region
North America
- United States of America
- Canada
- Mexico
Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Others
Asia Pacific
- China
- Japan
- India
- ASEAN
- Australia
- Others
Latin America
- Brazil
- Argentina
- Mexico
- Others
Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
Key Players in the Connected Street Lights Market
This report provides an in-depth analysis of both established and rising industry participants. It provides broad lists of important companies organized by the types of products they offer and other market-related factors. In addition to characterizing these companies, the report contains the year each player entered the market, which is useful for research analysis by the study's analysts.
- Philips Lighting
- General Electric
- Schneider Electric
- Osram
- Cree Inc.
- Honeywell
- Siemens
- Itron
- Eaton Corporation
- Signify
- Sensus
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● Benchmarking of key players on the following parameters : Product portfolio, geographical reach, regional presence, and strategic alliances.
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