Smart Pole Market expected to expand at a CAGR of 20.6% from 2022 to 2030
Smart Pole Industry Overview The global smart pole market size was valued at USD 7.55 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 20.6% from 2022 to 2030. The market growth can be attributed to the ability of smart poles to prevent accidents and traffic jams, the growing need for energy-efficient streetlights, and rising government initiatives for the development of smart cities. Additionally, the integration of air quality monitoring systems, surveillance cameras, wireless sensor networks, traffic management systems, and transport management systems in smart poles have contributed to the demand. The growing adoption of AI and IoT for enhancing the performance of these systems is expected to further accelerate market growth. Gather more insights about the market drivers, restrains and growth of the Global Smart Pole Market Governments of various countries are focused on developing their cities b...