Annual Deployments of Smart Streetlights Will Grow at a Compound Annual Growth Rate of Nearly 22%

A new report from Guidehouse Insights explores emerging smart streetlight trends applied to public road and pathway luminaires that allow for operation to be tailored, modified, and monitored remotely. Estimates are provided across global regions.

Smart streetlighting continues to be one of the leading smart city technologies in terms of both completed deployments and annual revenue. The use of smart controllers and photocells on streetlights to save on energy use has become common place among medium and large cities, and demand is only expected to increase as barriers to entry continue to lower.

According to a new report from Guidehouse Insights, annual deployments of smart streetlights are expected to rise from 5.8 million units in 2022 to 33.5 million by 2031 representing a compound annual growth rate (CAGR) of 21.6%.