The installed base of smart street lights is on track to surpass 100 million before the end of the decade.
The Berg Insight report reveals that the global installed base reached 32.9 million at the end of 2024 and, growing at a compound annual growth rate (CAGR) of 20.9 percent, is projected to reach 85.0 million by the end of 2029.
Europe is leading the adoption of smart street lighting technology, accounting for 35% of the global installed base in 2024.
North America is rapidly catching up, representing around a third of global shipment volumes in 2024. China accounts for almost half of the smart street lights installed outside of Europe and North America.
Signify is the world’s leading smart street lighting vendor, with an installed base of over 5.8 million lighting control units (LCUs) at the end of 2024.
The company rose to the top spot after acquiring Telensa in July 2021. Itron and Fonda Technology, which primarily operates in the domestic market, are also among the top three vendors.
Together, the top three vendors account for almost a third of the global installed base of individually controlled smart street lights.
“There are now a handful of vendors that have reached the milestone of 1 million deployed LCUs, a clear indicator of the industry’s accelerating momentum," noted William Ankréus, IoT analyst at Berg Insight.
He added, "The awareness of the benefits of smart street lighting solutions are now well established, and the deployment of smart controls are becoming more of a standard than a nice-to-have in many key markets."
Cities and municipalities are increasingly aware of the energy costs and environmental issues associated with street lighting, driving growth in the smart street lighting market.
The operational benefits of the technology are also driving adoption among major utilities, especially in North America. While proprietary RF networking platforms have been the dominant connectivity type, the market is shifting towards increased use of cellular communications.
"The simplicity and plug-and-play nature of cellular connectivity have made it an increasingly popular alternative for smart street lighting deployments and is expected to continue to be the fastest growing connectivity technology,” concluded Ankréus.
