It is estimated that the market size of the global smart light pole industry will exceed 14 billion US dollars in 2024

Smart street lights, also known as smart light poles, follow the distribution of urban roads and streets, and follow the concept of "co-construction and sharing", which integrates functions such as cameras, advertising screens, charging piles, and small base stations. It collects, releases and transmits multi-industry information such as lighting, public security, municipal administration, meteorology, environmental protection, and communication, so as to realize precise management of various fields in the city and intensive utilization of urban resources. The construction of smart light poles helps to solve urban infrastructure problems such as "multiple poles in forests" and "single pole with single use", so as to realize the efficient use of urban public space.

From a policy point of view, the state has issued a number of policies from 2018 to 2021 to encourage local construction of smart light poles to speed up the construction and deployment of 5G networks. In September 2021, the Ministry of Housing and Urban-Rural Development jointly issued the "Three-Year Action Plan for New Infrastructure Construction of the Internet of Things (2021-2023)". It explicitly mentions, promote the construction of new urban infrastructure based on digitization, networking and intelligence. Promote the construction and large-scale application deployment of sensing terminals such as smart pipe corridors, smart meters, and smart light poles.

From the social point of view, the smart lighting market continues to grow. Intelligent lighting refers to the personalized control of lamps and lanterns through automatic control technology, such as timer switch, remote control switch, brightness adjustment, color temperature conversion, Internet of Things link, etc. Smart lighting products have higher added value and can better meet customer needs. With the growth of end customers' demand for product differentiation, smart lighting products have become an important driving force for the growth of the LED lighting industry. According to data, the market size of my country's smart lighting industry will reach 109.68 billion yuan in 2021, a year-on-year increase of 40.5%.

From the perspective of downstream application structure, in the field of intelligent lighting applications in my country in 2021, industrial and commercial intelligent lighting applications accounted for the highest proportion of 57.21%, followed by household intelligent lighting applications and outdoor intelligent lighting applications accounting for 21.36% and 12.16% respectively ; In terms of market structure, the market share of lamps and accessories has continued to increase in recent years. According to statistics, in the scale of my country's smart lighting market in 2021, control systems will account for 90%, and lamps and accessories will account for 10%.