Smart City Technology Markets Continue to Evolve at a High Pace
June 4, 2021 | Berg InsightEstimated reading time: 2 minutes
Berg Insight, the world’s leading IoT market research provider, released the latest edition of its comprehensive smart city technology report comprising in-depth studies of five key technology areas – smart street lighting, smart parking, smart waste collection, urban air quality monitoring and smart city surveillance.
In 2020, the global installed base of individually controlled smart street lights amounted to 13.0 million units (excluding China). The corresponding figures for the smart parking and smart waste sensor technology markets were at the same time 957,000 and 657,000 units respectively. Smart parking sensors refers to in-ground or surface-mounted parking occupancy detection sensors while smart waste sensor technology consists of fill-level sensor devices that may either be pre-integrated into bins and containers, for example as a smart bin offering, or retrofitted on existing collection points. The smart street lighting market has now gained significant traction and its installed base will grow at a robust CAGR of 23.4 percent to reach 37.4 million units in 2025. The number of installed smart parking sensors is expected to see a slightly slower growth of 21.6 percent (CAGR) while the smart waste sensor technology market will be the fastest growing of the three with a CAGR of 29.8 percent.
A more nascent smart city technology area is the field of non-regulatory urban air quality monitoring, which comprises increasingly small and low-cost air quality monitoring devices that can serve as valuable complements to traditional regulatory monitoring stations. In 2020, the number of such non-regulatory air quality monitoring devices installed in outdoor urban environments amounted to 73,000 units globally and will surpass 300,000 units in 2025. The largest of the five covered smart city application areas was meanwhile the smart city surveillance market, which reached a global market value of € 9.9 billion in 2020. The market, which includes both fixed and mobile video and audio surveillance solutions, is expected to grow at a CAGR of 19.7 percent throughout the forecast period.
“Looking just at the sheer volume of various types of smart city device shipments, China has in the past few years outrun most other countries in the world and now plays in a league of its own” said Levi Ostling, smart city analyst, Berg Insight. Outside China, Europe has emerged as the leading smart city technology adopter and North America constitutes the second largest market. An exception is however the North American market for smart city surveillance, which was about 27 percent larger than the European in 2020. “While publicly funded deployments of smart city technologies in many cases were delayed due to the Covid-19 pandemic, they were more importantly not cancelled thanks to their growing status as key infrastructure projects” continued Mr. Ostling when asked about the Covid-19 impact on the overall market. The pandemic has in many ways highlighted the benefits of remotely managed infrastructure and the need for smart city technologies, which should help the smart city market to recuperate strongly after a short period of slightly reduced growth.
Suggested Items
Quectel Introduces Versatile BG95-S5 NTN Satellite Communication Module
04/09/2024 | BUSINESS WIREEmbedded World - Quectel Wireless Solutions, a global IoT solutions provider, today announces the launch of the Quectel BG95-S5 3GPP non-terrestrial network (NTN) satellite communication module. The module supports 3GPP Release 17 IoT-NTN in the S and L band frequencies for satellite communications. In addition, the multi-mode BG95-S5 supports LTE Cat M1, Cat NB2, eGPRS and integrated GNSS.
Synaptics Astra AI-Native IoT Platform Launches with SL-Series Embedded Processors and Machina Foundation Series Development Kit
04/08/2024 | SynapticsSynaptics® Incorporated launched the Synaptics Astra platform with the SL-Series of embedded AI-native Internet of Things (IoT) processors and the Astra MachinaTM Foundation Series development kit.
Klika Tech Announces Strategic Partnership with Espressif Systems to Revolutionize IOT and Smart Home Technology
04/02/2024 | PRNewswireKlika Tech, a global technology solutions and consulting leader delivering innovative Cloud and Smart City solutions, is proud to announce a new strategic partnership with Espressif Systems, a renowned provider of IoT technology and innovative platform solutions.
Ambiq Apollo510 Delivers 30x Power Efficiency Improvement to Unleash Endpoint AI
03/27/2024 | AmbiqAmbiq, a technology leader in exceptionally energy-efficient semiconductors for IoT devices, is introducing the new Apollo510, the first member of the Apollo5 SoC family, which is uniquely positioned to kickstart the age of truly ubiquitous, practical, and meaningful AI.
Global Beam Telecom Joins Viasat’s ELEVATE Program to Provide Remote Connectivity and Industrial IoT
03/26/2024 | InmarsatViasat, Inc., a global leader in satellite communications, announced Global Beam Telecom, a global satcom solutions provider, has joined its ELEVATE program.