Global Connected (Smart) Street Light Market was valued US$ XX Bn in
2019 and is expected to reach XX Bn by 2026, at a CAGR of 21.10 % during
a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the
revenue of market leaders, followers, and disrupters. Since lock down was
implemented differently in different regions and countries, impact of same is
also different by regions and segments. The report has covered the current
short term and long term impact on the market, same will help decision
makers to prepare the outline for short term and long term strategies for
companies by region.
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Smart lighting is transforming the way cities and also save energy and cost
over simple LEDs.
Smart street lights help to monitor traffic flow, parking, pedestrian crossings,
seismic activity, or atmospheric changes. With the help of connected (smart)
street light, cities can enhance operational efficiency, rise citizen satisfaction,
and decrease costs.
Smart street lights are expected to contribute to more livable cities by helping
to improve safety and reduce congestion, which is expected to drive the
growth in the global connected (smart) street light market. Smart street lights
more resourcefully manage electricity, leading to cost savings compared to
simple LED luminaires that are expected to increase the demand for
connected (smart) street light. Additionally, in the global connected (smart)
street light market, the smart street lights also open up new revenue
opportunities like leasing poles for digital signs and other services.
On the other hand, high initial setup cost associated with the installation of
smart street lighting is hindering the growth of the global connected or smart
Video monitoring can benefit cities better understand traffic and pedestrian
patterns, which make adjustments and route emergency-response vehicles
around congested areas. Street light sensor