The report studies the global connected (smart) street lights market on the basis of connectivity, component, and geography. On the basis of connectivity, the global connected (smart) street lights market is bifurcated into wired and wireless.

The segment of wired connectivity includes various wireless technologies, whereas wireless connectivity includes power line communication. Of the two, wireless connected (smart) street light segment accounts for a significant share of the global market. Going forward, the share of wireless connected (smart) street light segment is expected to further grow in the overall market.

The segments of the global connected (smart) street lights market depending upon component are hardware, software, and services. The segment of hardware is further sub-segmented into sensors, controllers/relays, and others.

The global connected (smart) street lights market by geography is studied across North America, Asia Pacific, Europe, South America, and the Middle East and Africa. Amongst all, Europe presently holds the leading share in the global connected (smart) street lights market followed by North America.

Utility companies and government agencies in these regions have gauged the advantages of connected (smart) street lighting solutions for reducing energy consumption that has economic benefits. Moreover, regulations and energy policies strictly in place in to limit energy consumption are boosting the adoption of connected (smart) street lights in these regions. The adoption of connected (smart) street lights also addresses the cost factor of traditional lighting to some extent which is high in Europe and North America.

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Asia Pacific is expected to display the leading CAGR of 18.6% on the basis of revenue between 2017 and 2025. The growth in this region is driven by the increasing demand for LEDs in a bid to reduce energy consumption and to reduce overall operational costs. China and India are expected to emerge as key domestic markets that will contribute substantially to the overall growth in Asia Pacific.

Prominent participants in the global connected (smart) street lights market are Acuity Brands Lighting Inc., EnGo PLANET, Schreder Group, Telensa Ltd., Twilight Citelum S.A., Flashnet SRL, OSRAM Licht Group, Toshiba Lighting, Dimonoff Inc., General Electric Co., Philips Lighting N.V., Echelon Corporation, Led Roadway Lighting Ltd, and Silver Springs Network Inc.