The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Increased road mobility is likely to encourage innovation in the manufacturing of street and roadway lighting, propelling the market over the forecast period.

The global street and roadway lighting market is expected to grow from $9.33 billion in 2022 to $9.97 billion in 2023 at a compound annual growth rate (CAGR) of 6.89%. The global street and roadway lighting market size is expected to reach $12.74 billion in 2027 at a CAGR of 6.33%.

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Global Street And Roadway Lighting Market Segments Include:

• By Lighting Type: Conventional Lighting, Smart Lighting
• By Light Source: LEDs, Fluorescent Lamps, High-Intensity Discharge Lamps
• By Offerings: Hardware, Software, Services
• By End User Industry: Highways, Street, Roadways
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global street and roadway lighting market in 2021.

Major Market Players in the street and roadway lighting market include Cree Inc., Acuity Brands Inc., OSRAM Licht AG, GE Current, Syska LED Lights Pvt Ltd., Signify Holding, DCD Technologies ME FZCO, Hubbell Inc., Zumbotel Group, LED roadway lighting Ltd.

Product innovation is a crucial trend that is gaining traction in the street and roadway lighting sector. Major players in the street and highway lighting markets are focusing on developing new technology solutions to increase their market position. TVILIGHT Projects B.V., a Netherlands-based producer of smart street lighting solutions and wireless smart street light controllers, for example, debuted the OpenSky IoT devices, wireless smart street light controllers (SLC), and outdoor light controllers (OLC) in March 2021. They are specially built to connect using an open, dependable, and time-tested international telecom standard. With secured and managed LPWAN (low power wide area network), they are supposed to provide long-range, deep coverage, and high availability. They automatically identify the nearest accessible local telecom network to connect to the CityManager central management system.

The Street And Roadway Lighting Global Market Report 2023 provides a street and roadway lighting market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The street and roadway lighting market forecast analyzes street and roadway lighting market size, street and roadway lighting market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Street and roadway lighting refers to the illumination systems installed along roadways to improve safety by making roadside hazards more visible and reducing the influence of glare from other light sources. They are used to improve the safety of vehicles as well as pedestrians on the road or street.

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