March 28, 2022 10:30 ET | Source: Transparency Market Research Transparency Market Research
Albany, New York, UNITED STATES
ALBANY, N.Y., March 28, 2022 (GLOBE NEWSWIRE) -- The smart pole market is projected to expand at a CAGR of 15.7% during the forecast period from 2021 to 2031. Initiatives to roll out smart city projects spawn development of underlying digital infrastructure for several functions such as traffic management, parking management, and monitor air & water quality, thereby creating opportunities in the smart pole market.
The installation of smart poles helps boost security aspect of urban locations in terms of lower fatality rates and increased emergency response time. Highways, roads, harbors, and railways are some important public places where smart poles are being installed to seamlessly perform several critical functions. Smart poles play a critical role for transfer of information between connected devices via IoT or other digital technologies.
Smart poles are designed to be compatible with 4G LTE or 5G wireless technology. 5G smart poles can fetch 4G LTE/5G network bandwidth for wireless connectivity from small-cell based stations inside the pole at locations where large tower installation is challenging. The alliance of Sumitomo Corporation General Trading Group with Tokyo Metropolitan Government to test 5G smart poles is a case in point. The alliance involves testing areas in Tokyo where installation of full-size 5G towers is impractical.
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Smart Pole Market – Key Findings of Report
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Smart Pole Market – Growth Drivers
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Smart Pole Market – Key Players
Some of the key players operating in the smart pole market are;
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The smart pole market is segmented as follows;
Smart Pole Market, by Component
Smart Pole Market, by Installation
Smart Pole Market, by Application
Smart Pole Market, by Region
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