Global Smart Pole Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Smart Pole Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Smart pole is a public infrastructure that integrates smart lighting, video surveillance, traffic management, environmental detection, wireless communication, information interaction, emergency help and other functions. It can mount 4G/5G communication base stations, WiFi wireless networks, and smart energy-saving street lights. , intelligent security monitoring, intelligent face recognition, traffic guidance and instructions, audio and radio and television, drone charging, car charging piles, parking sensorless payment, driverless guidance and other equipment.

Market Overview:

The latest research study on the global Smart Pole market finds that the global Smart Pole market reached a value of USD 8328.93 million in 2022. It’s expected that the market will achieve USD 28436.02 million by 2028, exhibiting a CAGR of 22.71% during the forecast period.

Smart Pole Market Drivers

The development of the Internet of Things. Smart Pole is one of the ways to embody the large-scale implementation of IoT sensors. Using Smart Pole infrastructure means that high-speed connections can be easily maintained. The Internet of Things is a new high-tech industry, which is supported by many national policies. Broadly speaking, the Internet of Things is a network composed of interconnected sensors and switches, used to monitor and manage different applications, devices and even other sensors. IoT sensors can be infrared, laser scanners and other types, synchronized via Wi-Fi or other types of connections. Obtain raw data from the sensor, process it according to a specific algorithm, and then produce a result. This result may appear in the form of detailed analysis by municipal staff. More importantly, citizens can provide data through their smart phones and become part of this smart ecosystem. Therefore, the rapid development of the Internet of Things enables Smart Pole to be implemented on a larger scale.

Smart Pole Market Challenges

Network security issues. Digitization, Internet of Things (IoT) and artificial intelligence have changed the face of the smart pole industry. Technological progress has made it possible to integrate data from different regions. With these advances, the government and users need security. These smart devices collect, store and exchange information between different platforms. More and more people are running on software, which is susceptible to technical failures and may expose equipment to potential security vulnerabilities. Hackers can access and manipulate government, personal, and family information. Even simple devices like Bluetooth-enabled devices can be used as access points for data theft, not to mention smart devices that are easier to connect with. Smart pole manufacturers are now facing concerns about user privacy leakage, which makes manufacturing smart poles more complicated and expensive. When looking for the development direction of smart poles, a firm network security method may extend the development time by several months. Data security is not optional, and it brings challenges to the manufacturing in the smart pole industry.

Region Overview:

North America had the highest growth rate of all regions.

Company Overview:

Norsk Hydro is one of the major players operating in the Smart Pole market, holding a share of 1.44% in 2021.

Hydro is a company with metal and renewable energy business technology. Committed to sustainable development, Hydro's goal is to create a more viable society by developing natural resources into products and solutions in an innovative and efficient way.

Sichuan Huati Lighting Technology Co., Ltd. is a national high-tech enterprise with new smart city construction and cultural lighting as its main business. Huati Technology uses multi-functional smart light poles as the entrance to provide cities with 5G base station construction, smart transportation, Smart city new scene services such as smart parking, safe city, and smart city governance.

Segmentation Overview:

Among different product types, Monitoring Camera segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Highways & Roadways segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Smart Pole market covered in Chapter 3:

Minkave
Sansi
Continental Pole
Huaticn
Lumca
Norsk Hydro
Shuncom
Hapco
Ascend
Omniflow
Signify
Unilumin
Schréder

In Chapter 4 and Chapter 14.2, on the basis of types, the Smart Pole market from 2018 to 2029 is primarily split into:

Pole
Monitoring Camera
Lighting
5G Base Station
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Smart Pole market from 2018 to 2029 covers:

Highways & Roadways
Parking Station
Industrial Park
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)