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Smart Street Lighting Market Size Outlook: How Fast Will Revenue Grow Through 2030?
The smart street lighting market has experienced substantial expansion in recent years. Projections indicate an increase from $2.96 billion in 2025 to $3.56 billion by 2026, demonstrating a compound annual growth rate (CAGR) of 20.4%. Historically, this growth can be ascribed to several factors, including increased municipal street lighting upgrades, the proliferation of urban infrastructure initiatives, the former dependence on traditional lighting systems, the initial embrace of LED-based lighting solutions, and the establishment of centralized streetlight monitoring.
The smart street lighting market is anticipated to experience substantial growth over the next few years. It is projected to expand to $7.49 billion by 2030, achieving a compound annual growth rate (CAGR) of 20.4%. This projected growth can be attributed to several factors, including the increasing implementation of connected streetlight platforms, a growing demand for renewable-powered lighting systems, the global expansion of smart city initiatives, the broader application of sensor-based environmental monitoring, and the creation of sophisticated traffic optimization solutions. Significant trends expected during this period involve the enlargement of IoT-enabled street lighting networks, the adoption of energy-efficient LED smart lighting, the development of autonomous lighting control systems, advancements in AI-based urban monitoring solutions, and the integration of smart mobility with traffic lighting platforms.
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Smart Street Lighting Market Growth Factors Supporting Long-Term Expansion
The rise of smart cities plays a crucial role in the expansion of the smart street lighting market. A smart city is characterized as a locale leveraging information and communication technology (ICT) to enhance administrative efficiency, share data with its populace, and uplift the quality of public amenities and residents’ well-being. Implementing intelligent lighting solutions not only helps to improve citizen contentment regarding security and safety but also delivers substantial cost reductions in power usage and lighting system upkeep for cities, alongside enabling them to provide optimal street illumination based on local conditions. For instance, in March 2024, AXA Investment Managers, an investment management firm based in France, indicated that the global smart cities sector is projected to achieve a valuation of US$3.7 trillion by 2030, highlighting considerable growth prospects and significant investment opportunities. Consequently, the emergence of smart cities is a primary catalyst for the growth of the smart street lighting market.
Smart Street Lighting Market Segment Performance And Strategic Opportunities
The smart street lighting market covered in this report is segmented –
1) By Type: Light Emitting Diode, Compact Fluorescent lamps, Incandescent, Other Types
2) By Communication Technology: NB-IOT, Powerline Communication, Radio Frequency, Other Communication Technologies
3) By Energy Source: Traditional And Other Renewable Energy, Solar
4) By Application: Environment Monitoring, Traffic Optimization, Smart Parking, Other Applications
5) By End User: Commercial, Residential, Industrial
Subsegments:
1) By Light Emitting Diode (LED): Standard LED, Smart LED
2) By Compact Fluorescent Lamps (CFL): Standard CFL, Smart CFL
3) By Incandescent: Standard Incandescent, Smart Incandescent
4) By Other Types: Solar-Powered Lights, High-Intensity Discharge (HID) Lights, Induction Lamps
Smart Street Lighting Market Trends Driving Strategic Industry Expansion
Leading companies in the smart street lighting market are implementing connected streetlight platforms to maintain their market presence. A connected streetlight platform functions as an integrated system, enabling remote monitoring, control, and data management of streetlights through various interconnected technologies. For instance, in October 2023, Telensa, a UK-based provider of smart streetlight solutions, introduced tech-neutral. Tech-neutral is a connected streetlight platform developed to offer a practical strategy for reducing energy costs and improving asset management. This platform utilizes a hybrid approach to deliver exceptionally tailored smart streetlight solutions for customers, allowing radio and cellular wireless technologies to operate interchangeably from a single management dashboard. Tech-neutral thus provides increased flexibility and more choices for customers across all geographies in deploying smart street lighting solutions.
Smart Street Lighting Market Key Players: Which Companies Shape Industry Competition?
Major companies operating in the smart street lighting market are Hubbell Lighting Inc., GE Lighting, Osram Licht AG, Koninklijke Philips N.V, Acuity Brands Lighting Inc., Eaton Corporation PLC, Schneider Electric SE, CREE Inc., Signify Holding, Telensa Limited, Itron Inc., Suzhou Rongwen KubAI Lighting Systems Co. Ltd., DimOnOff, Echelon Corp., SYSKA LED Lights, Rongwen Group, Havells Ltd., Tvilight Smart City Lighting, Petra Systems Inc., ShanghAI Sansi Technology Co. Ltd., Zumtobel Group, Flashnet, TVILIGHT Projects B.V., Bridgelux Inc., Liveable Cities, Quantela
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Smart Street Lighting Market Regional Analysis: Which Region Leads By Revenue?
North America was the largest region in the smart street lighting market in 2025. The regions covered in the smart street 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.