Connected Street Lights Market Size, Share, Growth, And Industry Analysis By Type (Wired (Power Line Communication), Wireless, and Connected Street Lights, and Epilepsy Diagnosis & Treatment) By Application (Public Service, Industrial, and Commercial), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

Connected Street Lights Market Report Overview

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The global connected street lights market size was USD 398.2 million in 2022 and market is projected to touch USD 2455.2 million by 2031, at a CAGR of 22.44% from 2022 to 2031.

A new type of streetlight that is gaining popularity is connected street lights. They can be managed from a central place because they are connected to the Internet. They become safer and are also more effective and straightforward to use. Street lights that are connected can be watched, controlled, and even notified of issues. Compared to conventional streetlights, which can only be switched on or off at the discretion of the police or local authorities, this is a significant improvement. In the long run, networked lamps will save taxpayers money and make streets safer by reducing crime.

Different connected street light kinds each have their advantages. Smart lights, which can change their brightness and color depending on the time of day or the weather, are among the most popular linked street lights. These lights are ideal for parking lots and streets close to waterways because they are frequently damp or dark. Because they use less energy and have a long lifespan, LED-connected street lights are also gaining popularity. They can be used to produce a variety of various effects and have a wide range of colors. These lights are typically installed in pairs and have wireless connections to one another so that they may exchange updates and information about traffic patterns. Regardless of the linked street light type you select, be sure to consider the unique requirements of your location and choose the choice that will best meet those demands.

COVID-19 Impact: The Virus Spread Accelerated The Market Growth

The Covid-19 epidemic has significantly impacted the market. Cities and towns worldwide have been searching for solutions to stop the virus's spread since the outbreak, and linked street lighting plays a crucial part. They are lighting system that uses sensors and wireless communication to offer real-time data on the environment and its surroundings. They may be used to detect and react to environmental changes, are energy-efficient, and save energy expenditures.

As cities and towns work to stop the spread of the virus, the pandemic has increased demand for linked street lighting. Using these lights, the environment can be monitored, temperature and humidity changes can be detected, individuals can be seen, and real-time responses can be made. This information is being utilized to pinpoint high-risk areas so that necessary action can be taken to stop the virus's spread. As a result, there is now a huge demand for connected street lighting. The installation of connected street lighting has also been affected by the pandemic. It is more challenging to install linked street lights now that governments worldwide restrict people's freedom of movement. This has caused installation delays and detrimental effects on the market.

Latest Trends

"Usage of Smart Technologies Boosts the Market Expansion."

Utilizing smart technology is the most recent trend for connected street lights. Sensors can detect the presence of pedestrians and cars in smart linked street lights, which allows them to react to changing traffic circumstances. This enables the street lights to remain on or turn off as needed, depending on the circumstances. They become more effective as a result, which also lowers energy usage. Additionally, mobile apps can operate smart linked street lights, making them more user-friendly and interesting for automobiles and pedestrians.

Connected Street Lights Market Segmentation

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• By Type Analysis

According to type, the connected street lights market can be segmented into wired (power line communication), wireless, and connected street lights. Among these, wired (power line communication) is projected to experience rapid growth through 2031.

• By Application Analysis

The market can be divided based on application into public service, industrial, and commercial. Public services are expected to hold the most significant connected street lights market share in the upcoming years.

Driving Factors

"Reduced Cost, Improved Security, and Visibility To Propel the Market Expansion"

The advantages connected street lights provide to businesses and homeowners drive the market's rapid growth. For businesses and residents, these lights boost security and visibility. They make streets and roadways well-lit and secure, making everyone who uses them safer. They are less expensive to install and maintain than conventional street lights. As a result, both businesses and homeowners can reduce their lighting costs.

"Increased Efficiency and Safety Fuels the Market Growth"

Due to their advantages to businesses and homes, the market is expanding quickly. Both households and business owners might benefit from connected street lights in terms of safety. They assist in lowering accident risk, enhancing traffic flow, and enhancing pedestrian and cyclist visibility. They are more effective than conventional street lights. This implies that they utilize less energy, which lowers their carbon impact.

Restraining Factors

"Cost Associated with the Installation and Maintenance Impede Market Growth"

The market is a quickly growing business with a wide range of possible uses in security, energy conservation, environmental monitoring, and traffic management. The market for linked street lights has enormous potential, but many barriers could prevent widespread adoption and expansion. The price of installation and maintenance is one of the most significant barriers to the market for linked street lighting. These interconnected street lights require expensive energy supplies, specialized tools for installation, and both. Furthermore, since they must be routinely checked and maintained to keep them operating correctly, the expense of maintenance may be exorbitant.

Lack of technological know-how and infrastructure is another barrier to growth in the market for linked street lights. Most nations lack the technical resources and know-how to effectively operate and maintain linked street lights. This can result in a lack of understanding regarding the capabilities and possible uses of connected street lights. Additionally, networked street lighting can pose hacking and other security risks. Due to their internet connectivity, these lights are open to attack by cybercriminals who may use them to harm other infrastructure. Public safety and security could suffer as a result of this.

Finally, there can be legal limitations on networked street lighting. Due to worries about their possible effects on public safety and the environment, installing these lights may be prohibited in some countries. This could significantly impede market expansion. A number of problems, including the expense of installation and upkeep, a lack of technical know-how and infrastructure, the risk of hacking and security concerns, and the possibility of regulatory restrictions, constrain the market. Despite these obstacles, the linked street lighting market is nevertheless anticipated to grow significantly over the next few years.

Connected Street Lights Market Regional Insights

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"North America to Dominate Market Due to Reduced Cost, Improved Security, and Visibility"

Between 2022 and 2031, the connected street lights market will be dominated by North America. Factors driving the market growth in this region include reduced cost, improved security, and visibility.

Additionally, the market is anticipated to experience the fastest growth in European and Asian countries (India, China, Japan, and South East Asia). Increased security and efficiency fuels market expansion.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Acuity Brands Lighting, Inc. (U.S.)
• Citelum S.A. (U.S.)
• Dimonoff Inc (Canada)
• Echelon Corporation (U.S.)
• EnGo PLANET (U.S.)
• Flashnet SRL (Romania)
• General Electric Co. (U.S.)
• Led Roadway Lighting Ltd. (Canada)
• OSRAM Licht Group (Germany)
• Philips Lighting N.V. (Netherlands)
• Schreder Group (Belgium)
• Silver Spring Networks Inc. (U.S.)
• Telensa Ltd. (U.K.)
• Toshiba Lighting (Japan)
• Tvilight (Netherlands)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.