DUBLIN--(BUSINESS WIRE)--The "Global Connected (Smart) Street Light Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.
This is expected to drive the growth of the global smart street lighting market size at a CAGR of over 28% during the forecast period.
Smart street lights are fitted with vehicle motion sensors to help them automatically switch on and off triggered by vehicle movements. These lights are also capable of adjusting their intensity based on weather conditions and movements of pedestrians, bicycles, and animals. This facilitates a significant reduction in the overall operational costs associated with smart street lights. Many other operational benefits offered by smart street lightings such as traffic management, crime reduction, and pollution monitoring have increased their adoption across the world.
Increasing number of highway expansion plans
Poor visibility at night time has caused multiple pedestrian accidents on highways. This can be addressed by installing smart street lights on roads. Sensors in the smart street lights gather information about the number of vehicles on the road and weather conditions and convey the same to a cloud-based platform. The automated system connected to the cloud platform will adjust the brightness accordingly. Thereby the sanction of highway expansion plans across the world will drive the demand for smart street lights.
Security risks and breach of privacy
The digitally connected network of smart street lights is vulnerable to cyber-attacks. Unauthorized bodies can easily steal the data generated by the smart street lights on traffic pattern and other conditions. Privacy concerns associated with the deployment of smart street lights are expected to hinder the growth of the global smart street lighting market size.
The market appears to be fairly concentrated with few players occupying the market share. Companies such as Adesto Technologies Corp. and Cisco Systems Inc. have intensified competition. Factors such as the operational benefits of smart street lights and the increasing number of highway expansion plans will provide significant growth opportunities for smart street light manufacturers.
Key Topics Covered
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY CONNECTIVITY
- Market segmentation by connectivity
- Comparison by connectivity
- Wired - Market size and forecast 2018-2023
- Wireless - Market size and forecast 2018-2023
- Market opportunity by connectivity
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- Europe - Market size and forecast 2018-2023
- North America - Market size and forecast 2018-2023
- APAC - Market size and forecast 2018-2023
- MEA - Market size and forecast 2018-2023
- South America - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
- Emergence of smart cities
- Increasing adoption of LED street lights
- Increasing penetration of multiple solution providers
PART 12: VENDOR LANDSCAPE
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Adesto Technologies Corp.
- Cisco Systems Inc.
- Itron Inc.
- Signify N.V.
- Telensa Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/92un7i