Signify Smart Pole aims to “Turbocharge” Smart Cities
Smart Pole Market: Snapshot
The worldwide smart pole market is required to witness a huge development ascribed to different advantages over the traditional road light poles. Furnished with the smart camcorders, web network and declaration speakers, interest for smart poles keep on remaining high in the worldwide market.
Cities are upgrading streetlights to LEDs, but still slowly on the Internet. By 2030, Cisco estimates that approximately 500 billion devices are linked to the internet of things (IoT). In this increasing industry, Signify also considers potential in linked streetlights. The former Philips Lighting introduced a high-tech lamp with sensors, cameras, a wireless internet connection and an antenna 4G/5G.
Startup Telensa and Signify have installed almost two million LED light bulbs, with Signify taking a slightly bigger share. This is an estimated 360 million streetlights global fall in the bucket. Both businesses are only just beginning to witness the motion of the IoT sensors. Telensa recently announced an AI-based pilot project, but this is beyond 2019 for Signify.
Application in Highways & Roads to Remain High
With growing need to monitor the traffic, accidents and weather, adoption of sensors in the smart poles will continue to increase. On the basis of component, the sensor segment is expected to witness the highest revenue growth, recording a value of over US$ 1,000 Mn by the end of 2022. This segment is expected to register the highest CAGR in the global smart pole market throughout the forecast period.
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By installation type, the retrofit installation segment is expected to represent significant revenue growth, recording a value of over US$ 1000 Mn by the end of 2017. However, the new installation segment is expected to register the highest CAGR in the global market throughout 2022.
On the basis of application, the highways & roads segment is expected to represent the highest revenue growth, recording a value of over US$ 1,000 Mn by the end of 2022. On the other hand, the public places segment is expected to register the highest CAGR in the global market throughout 2022.
Leading market players operating in the global smart poles market include Lumca, Inc, Telensa Limited, Philips Lighting Holding B.V, Acuity Brands Lighting, Inc., Neptun Light, Inc, Maven Systems Pvt. Ltd, Ericsson Inc, Streetscape International LLC, Shanghai Sansi technology Co., LTD and Sunna Design, SA.