[FURL=https://www.industryarc.com/Research/Smart-Pole-Market-Research-505363?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Smart Pole Market[/FURL] Smart Pole Market size is estimated to reach US$ 30.51 Million by 2026 growing at a CAGR 20.01% during the forecast period 2021-2026. According to Telelink City, more than 320 million smart poles have been installed worldwide accelerating global smart revolution. The growth of Smart Pole Market is majorly attributed to the increasing government investments towards smart city projects leveraging artificial intelligence, big data, cloud computing and other emerging technologies. Increasing integration of IoT enabled devices including LED street lights, fluorescent lamps, electronic ballasts, Pole bracket and Pole Body, lamp controller, surveillance cameras, environmental sensors, wi-fi access points, EV charging sockets, digital billboard, audio speakers with pole infrastructure to tie all the smart applications together improving urban landscape for real-time monitoring.Key Takeaways
Software segment is estimated to hold the largest market share with the fastest growing CAGR 16.76% during the forecast period 2021-2026 due to rising demand for data transmission to analyze real-time information for public safety and environmental purposes.
North America is estimated to dominate the market with a CAGR 9.45% during 2021-2026 owing to the presence of large number of smart cities, up-graded utility infrastructure and high investments towards technological up-gradation.
Increasing investments towards smart city projects and rapid growth in telecommunication sector are driving the market.
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Smart Pole Market Segment Analysis – By Geography
By Geography, Smart Pole Market is segmented under North America, Europe, APAC, South America and RoW. North America dominated the market acquiring a share of 33% in 2020 and is estimated to hold the major market share growing at a CAGR 9.45% during 2021-2026 owing to early penetration of smart cities, continuous up-gradation of existing utility infrastructure and high investments towards advancements in latest technology. For instance, in October 2020, Canada announced to upgrade utility pole infrastructure to smart city green poles in a partnership with Nokia and such partnerships are estimated to boost the market from 2021 to 2026.
Smart Pole Market Drivers
Increasing investment towards Smart Cities is set to drive smart pole market growth
Increasing expansion of telecommunication industries is augmenting smart pole market
Smart Pole Market Landscape
Smart Pole top 10 companies include Philips Lighting Holding B.V., General Electric Company, SYSKA LED, Hubbell Incorporated, Eaton Corporation, Zumtobel Group, Neptun Light Inc, Maven Systems Pvt. Ltd, Lumca Inc., Goldspar Australia Pty. Ltd, Virtual Extension Ltd.
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