Smart Poles Market to Benefit from Rising Adoption of Smart City Concepts in Emerging Economies

Light poles have, for all this long, only served as a source of light on roads. However, the concept of smart poles is about to change this. Smart poles are similar to light poles in the regards that they lighten the required areas on roads but are different, and much advanced, in the sense that they combine a whole lot of other functionalities, such as Wi-Fi connecting points, sensors for monitoring air quality, sensors for detecting and notifying officials about security hazards, and the list goes on. The variety of functionalities that can be fitted in simple poles to make them smart poles, with data communication facilities at their heart, are rising at a promising rate, in terms of sensors, networking devices, and data processing parts.

The increasing realization regarding the vast benefits of smart poles in the effective management of a variety of aspects of urban as well as rural set-ups is leading to their increased demand globally. According to a recent market research report by Transparency Market Research, the global market for smart poles will exhibit an impressive 13.7% CAGR from 2017 to 2022.

Listed below are some of the key trends observed in the global smart pole market in the past few years: 

Micro- and Macro-economic Factors Driving the Market

The global smart poles market is chiefly driven due to a large number of micro- and macro-economic factors such as the rising need for monitoring road traffic and preventing road accidents in rapidly expanding urban settings across the globe.

The demand for effective road security measures is also a key factor driving the market, compelling municipalities to equip light poles with close circuit cameras and effective data networking capabilities. The rising consumer base of electric cars has also opened up a new growth avenue for smart poles with their use for charging batteries of e-cars being considered as a viable option.

Increased Focus of Governments on Implementing Smart City Plans

Smart cities are cities that have a number of administrative areas connected with the help of effective data communication capabilities. As governments realize the vast benefits of connected applications in terms of effective data management, deeper insights into the preferences and choices of the population, better security, and better control on law and enforcement, the adoption of smart devices is increasing.

With developed economies presently at the forefront in this area, emerging economies are also increasingly coming forward and are becoming key consumers of smart technologies. In the next few years, this trend will have a major positive implication on the global market for smart poles as well. Infrastructure development activities and increased investment on the improvement of data communication modes in emerging economies will provide the necessary backing for the development of the smart poles market in these countries. 


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