Signify, Telensa and Itron are the top smart street lighting vendors, according to Leaderboard Report from Guidehouse Insights.
“Signify, Telensa, and Itron each have strong product portfolios that are recognized in the market as being reliable, mature, and of high-quality,” says Ryan Citron, senior research analyst with Guidehouse Insights.
The global market for smart street lighting is expected to be worth $992 million in 2020, growing to more than $8.3 billion by 2029, according to Guidehouse Insights.
Over the past 2 years, millions of control nodes have been added to street lights globally. With more applications being added to street lighting networks, new revenue streams are available to industry players and cities that capitalize on these opportunities.