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Street And Roadway Lighting Market Forecast Highlighting Growth From $11.71 Billion To $14.93 Billion
The street and roadway lighting market has experienced substantial growth in recent years. It is anticipated to grow from $11.01 billion in 2025 to $11.71 billion in 2026, at a compound annual growth rate (CAGR) of 6.4%. The historical increase can be attributed to the deployment of conventional street lighting systems, the ongoing expansion of roadways, the early adoption of LED-based lighting, an increased focus on pedestrian safety, and government-led initiatives for roadway electrification.
The street and roadway lighting market is expected to demonstrate substantial expansion in the upcoming years. Its valuation is projected to reach $14.93 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.3%. This anticipated growth during the forecast period is primarily driven by factors such as the increasing development of smart cities, tightening energy efficiency regulations, the enlargement of intelligent lighting networks, the growing adoption of adaptive street lighting, and the expanded integration of renewable-powered lighting systems. Significant trends anticipated in this period include the increased deployment of IoT-enabled lighting infrastructure, the growth of sustainable and energy-efficient lighting solutions, the expansion of smart mobility-integrated lighting systems, the embrace of cloud-based lighting control platforms, and advancements in AI-assisted street lighting optimization.
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Street And Roadway Lighting Market Growth Drivers: What Factors Are Accelerating Expansion?
The street and roadway lighting market is anticipated to expand going forward due to an increase in road transportation. Road transport refers to the movement of goods and passengers from one location to another via roads. A rise in road transportation will increase the demand for street and roadway lighting to enhance the road safety of drivers, riders, and pedestrians by improving visibility. For instance, in June 2025, as per the Department for Transport (DfT), a UK-based government department responsible for overseeing transportation networks, infrastructure, and policy, total vehicle mileage on Great Britain’s roads reached 35.9 billion miles in the 12-month period ending March 2025, showing a 0.9% year-over-year increase compared to the period ending March 2024. Consequently, increased road transportation is a key driver for the street and roadway lighting market.
Street And Roadway Lighting Market Segment Analysis And Revenue Opportunities
The street and roadway lighting market covered in this report is segmented –
1) By Offerings: Hardware, Software, Services
2) By Lighting Type: Conventional Lighting, Smart Lighting
3) By Light Source: LEDs, Fluorescent Lamps, High-Intensity Discharge Lamps
4) By End User Industry: Highways, Street, Roadways
Subsegments:
1) By Hardware: LED Fixtures, Luminaires, Poles And Mounting Structures, Smart Sensors And Controls
2) By Software: Lighting Management Systems, Monitoring And Control Software, Energy Management Software
3) By Services: Installation Services, Maintenance And Repair Services, Consulting And Design Services
Street And Roadway Lighting Market Innovation Trends Driving Future Development
Leading companies in the street and roadway lighting market are deploying solar street lights to maintain their standing. Solar street lights are outdoor illumination devices powered by solar panels that capture and store sunlight, which is then used to light up roads and public areas at night. For example, in May 2023, AGC Inc., a Japan-based glass manufacturing company, launched the ST57 Solar LED Street Light. This ST57 Solar LED Street Light is a solar street light crafted for environmentally conscious lighting choices, typically installed in parking lots, parks, and other public spaces. The solar panel and fixture head of the ST57 Solar LED Street Light are independent components. It is offered in six distinct sizes, with power outputs of 10W, 20W, 30W, 40W, 50W, and 60W. Furthermore, it features smart control capabilities, equipped with a built-in microwave, timer, and passive infrared (PIR) sensor.
Street And Roadway Lighting Market Leading Players Shaping Industry Direction
Major companies operating in the street and roadway lighting market are Cree Inc., Acuity Brands Inc., OSRAM Licht AG, Current Lighting Solutions, Syska LED Lights Pvt Ltd., Hubbell Inc., Zumbotel Group, LED roadway lighting Ltd., ClaroLux Landscape Lighting, Forus Electric Private Limited, Koninklijke Philips N V, WS Atkins Plc, Shenzhen GHC Co. Ltd., Lighting Reality Ltd., Schneider Electric, Petra Systems, Eaton Corporation plc, Streetlight.Vision, Philips Lighting, TVILIGHT Projects B.V., General Electric Company, Echelon Corporation, Cyan Technology Ltd., Honeywell International Inc., Bridgelux Inc.
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Street And Roadway Lighting Market Geographic Analysis: Where Is Demand Growing The Fastest?
Asia-Pacific was the largest region in the street and roadway lighting market in 2025. Asia-Pacific is expected to be the fastest-growing region in the street and roadway lighting market report during the forecast period. The regions covered in the street and roadway lighting market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.