Hyped Smart Cities Market Finally Arrives With $64bn Streetlight Opportunity

In the past few years, smart streetlights have progressed from a nascent market to established early deployments of smart city infrastructure. Cities have embraced the technology and diverse vendors have entered the market, increasing the momentum for smart cities. Over the next decade, the vast majority of streetlights will be converted to LEDs, while 29% will be networked to become “smart,” leading to investment of $64.2bn, according to the 4 th edition of the Global LED and Smart Street Lighting: Market Forecast (2017-2027) study published today by Northeast Group, LLC.