The Global Smart Pole Market size is expected to reach USD 15.8 billion by 2025, registering a CAGR of 19.0% from 2019 to 2025, according to a new study conducted by Grand View Research, Inc. Increasing government initiatives for development of smart cities is expected to be a major factor in driving the market over the forecast period. Governments around the globe are focusing on development of systems such as intelligent transportation systems, environmental monitoring systems, and intelligent advertising systems, which bodes well for market growth.
Development of advanced cellular network technologies such as Long Term Evolution and mobile broadband technologies is expected to drive product demand. Besides this, increasing popularity of public Wi-Fi networks is expected to elevate its demand. The growing trend of integrating different systems such as Automobile Number Plate Recognition (ANPR) systems, command and control solutions, and traffic management systems is also expected to keep growth prospects upbeat over the forecast period.
Various governments are entering into partnerships with private companies such as Siemens; Ericson; Cree, Inc.; and Wipro for the up-gradation of existing lighting networks in cities. In addition, these partnerships are focusing on the development of self-operated fuel stations in which smart poles are used for connecting different systems such as ANPR, smoke detectors, gas sensors, and electric vehicle chargers for enhancing the safety and features of these stations. Furthermore, rising product adoption in emergency management systems is expected to contribute significantly to smart pole market growth over the next few years.
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Key Topics Covered
Grand View Research has segmented the global smart pole market based on component, hardware, installation type, application, and region:
Smart Pole Component Outlook (Revenue, USD Million, 2014 – 2025)
Smart Pole Hardware Outlook (Revenue, USD Million, 2014 – 2025)
Smart Pole Installation Type Outlook (Revenue, USD Million, 2014 – 2025)
Smart Pole Application Outlook (Revenue, USD Million, 2014 – 2025)
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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