How Big is the Smart Pole Industry?

According to the latest report by IMARC Group, titled “ Smart Pole Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 ”, the global smart pole market is expected to exhibit a CAGR of 17.1% during 2022-2027. Market Outlook: Smart pole refers to a lighting system that is integrated with artificial intelligence (AI) sensors, wireless connectivity, intelligent light emitting diode (LED) lighting, and 5G technology to create a smart city. It utilizes cell-based stations present within the pole that communicate information between multiple parties through real-time data. Smart poles are commonly used as charging stations for electric vehicles (EVs) and are built with surveillance systems to monitor air quality, traffic, gatherings, crimes, accidents, and unauthorized parking. Market Trends: Rapid urbanization and the rising need to efficiently manage assets and infrastructure are primarily driving the global smart pole market. Besides this, governments o...