Smart cities will be a major driver of the expansion with APAC expected to register the highest incremental growth due to increasing technology awareness by governments.
The global connected streetlight market is expected to post a compound annual growth rate of more than 28 per cent during the period 2019-2023, with smart cities a major contributor to its growth, according to latest research from Technavio.
The Global Connected (Smart) Street Light Market 2019-2023 report also reveals that the operational benefits of smart streetlights is expected to be one of the major factors driving the growth of the market.
Smart lighting is often seen as a starting point for smart cities, providing a digital infrastructure to roll out further applications down the line in areas such as monitoring air quality and traffic congestion.
Europe is the current leader
This research report segments the global smart streetlight market by connectivity (wired and wireless) and geographical regions (APAC, North America, Europe, South America, and the Middle East and Africa).
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