The Latin America, Middle East and Africa Smart Pole Market would witness market growth of 18.5% CAGR during the forecast period (2021-2027).
Several governments are recognizing the significance of modernizing public infrastructure by implementing cutting-edge technologies and implementing creative systems that can enhance citizens' quality of life. They are always looking for new ways to improve technology as part of smart city programs. Furthermore, many companies all around the world are working to expand their product portfolios in order to support smart city initiatives. Telensa Holding, a company that offers control solutions and wireless monitoring for smart cities, was acquired by Signify Holding in July 2021. By making smart city infrastructure goods accessible to cities, Signify Holding was able to service a wider range of clients.
Many cities that build smart street poles or retrofit existing fixtures today choose systems that are already equipped with sensor technology or can be readily modified to take advantage of the benefits of IoT applications. When a smart street pole can act as infrastructure for multiple smart city applications, such as public safety via video cameras, smart parking, traffic management, smart navigation, environmental monitoring (emissions, noise), extended Wi-Fi and cellular communications, digital info displays, and more, it achieves its full potential.
Street light poles are being transformed into smart city data gatherers and multi-functional IoT notes as connectivity evolve via 3G, 4G, and eventually 5G data networks. In addition, new solutions to old difficulties can arise by recording a wide range of real-time data – such as traffic volume, pedestrian footfall, weather, and noise – and then feeding that data into an analytics platform.
The Brazil market dominated the LAMEA Smart Pole Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $360.8 million by 2027. The Argentina market is poised to grow at a CAGR of 19.2% during (2021 - 2027). Additionally, The UAE market would display a CAGR of 18.2% during (2021 - 2027).
Based on Application, the market is segmented into Public Places, Highways & Roadways, and Railways & Harbors. Based on Component, the market is segmented into Hardware, Software, and Services. Based on Hardware Type, the market is segmented into Controller, Lighting Lamp, Pole Bracket & Pole Body, Communication Device, and Others. Based on Installation Type, the market is segmented into Retrofit, and New. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Smart Pole Market is Predict to reach $20.7 Billion by 2027, at a CAGR of 18.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Eaton Corporation PLC, General Electric (GE) Co., Siemens AG, Signify N.V., Itron, Inc., Wipro Limited, Zumtobel Group AG, Acuity Brands Lighting, Inc., and Hubbell Incorporated.
By Application
By Component
By Installation Type
By Country
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