Global Smart Pole Market Size & Outlook, 2023-2030
Global smart pole market, 2017-2030 (US$M)
Related Markets
Global smart pole market highlights
- The global smart pole market generated a revenue of USD 10,556.1 million in 2023 and is expected to reach USD 39,716.6 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 20.8% by 2030.
- In terms of segment, hardware accounted for a revenue of USD 6,024.7 million in 2023.
- Service is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 10,556.1 million |
| Market revenue in 2030 | USD 39,716.6 million |
| Growth rate | 20.8% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Service |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Service |
Other key industry trends
- In terms of revenue, the North America accounted for 28.9% of the global smart pole market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 7,314.4 million by 2030.
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Smart Pole Market Scope
Smart Pole Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global smart pole market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to smart pole market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 57.07% in 2023. Horizon Databook has segmented the Global smart pole market based on hardware, software, service covering the revenue growth of each sub-segment from 2017 to 2030.
- Global Smart Pole Component Outlook (Revenue, USD Million, 2017-2030)
- Hardware
- Lighting Lamp
- Pole Bracket and Pole Body
- Communication Device
- Controller
- Others
- Software
- Service
- Hardware
- Global Smart Pole Installation Type Outlook (Revenue, USD Million, 2017-2030)
- New Installation
- Retrofit Installation
- Global Smart Pole Application Outlook (Revenue, USD Million, 2017-2030)
- Highways and Roadways
- Public Places
- Railways and Harbors
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Our clientele includes a mix of smart pole market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global smart pole market , including forecasts for subscribers. This global databook contains high-level insights into Global smart pole market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Global smart pole market size, by regions, 2017-2030 (US$M)
Top 10 countries: Smart pole market size, 2023 (US$M)
Global smart pole market share, by component, 2023 & 2030 (%, US$M)
Smart pole market: Opportunity assessment by country
Global smart pole market, by region, 2023 (US$M)
| Component | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 1,275.2 | 1,513.8 | 1,749.9 | 1,987.8 | 2,277.1 | 2,630.7 | 3,054.0 | 3,559.0 | 4,177.4 | 4,917.5 | 5,808.4 | 6,867.5 | 8,179.4 | 9,782.8 | 18.1% |
| Europe | 1,087.9 | 1,328.0 | 1,577.8 | 1,845.9 | 2,177.9 | 2,591.2 | 3,098.2 | 3,718.5 | 4,495.1 | 5,463.0 | 6,658.2 | 8,121.8 | 9,988.8 | 12,343.4 | 21.8% |
| Asia Pacific | 1,156.5 | 1,416.4 | 1,688.4 | 1,981.3 | 2,344.5 | 2,797.9 | 3,355.3 | 4,039.0 | 4,897.2 | 5,967.4 | 7,292.8 | 8,920.5 | 11,000.4 | 13,628.9 | 22.2% |
| Latin America | 156.2 | 189.6 | 224.1 | 260.8 | 306.1 | 362.3 | 431.0 | 514.6 | 618.9 | 748.6 | 907.9 | 1,102.0 | 1,349.0 | 1,659.0 | 21.2% |
| MEA | 226.4 | 274.1 | 320.3 | 374.9 | 441.1 | 521.5 | 617.6 | 731.7 | 870.4 | 1,058.7 | 1,280.5 | 1,542.9 | 1,880.0 | 2,302.4 | 20.7% |
| Overall | 3,902.2 | 4,721.9 | 5,560.5 | 6,450.7 | 7,546.7 | 8,903.6 | 10,556.1 | 12,562.8 | 15,059.0 | 18,155.2 | 21,947.8 | 26,554.6 | 32,397.5 | 39,716.6 | 20.8% |
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