Connected (Smart) Street Light Market Outlook 2026 By Component, Size, Share, Trends, Opportunity and Forecast
According to TechSci Research, Global connected (smart) street light market is forecast to grow at a CAGR of over 19% during the forecast period, on account of infrastructure development aimed at transforming cities into smart cities. Development of wireless technologies & sensors and new streetlights such as LED, which are more efficient than the regular streetlights is bolstering market growth. Increasing demand for intelligent solutions for street lighting is expected to drive global connected (smart) street light market through 2026. Another factor anticipated to positively impact market growth is low cost, increasing adoption of LEDs and growing awareness among people about saving energy. Smart or connected streetlights help cities in cutting cost by reducing maintenance cost and dimming lights. Global connected (smart) streetlight can be segmented based on component and networking technology. Based on components, hardware segment includes light source, drivers and balla...