Berg Insight’s report finds smart city technologies continue to shape the cities of tomorrow with demand for remotely managed infrastructure growing daily.
Outside China, Europe has emerged as the leading smart city technology adopter while North America constitutes the second largest market, according to research. The Middle East and Asia-Pacific regions meanwhile constitute the fastest growing markets for smart city technology, fuelled by ambitious top-down initiatives and rapid urbanisation.
According to IoT analyst firm Berg Insight’s latest report, smart city technologies continue to shape the cities of tomorrow with demand for remotely managed infrastructure growing daily. The report comprises in-depth studies of five key technology areas: smart street lighting, smart parking, smart waste collection, urban air quality monitoring and smart city surveillance.
Smart city applications
The smart street lighting market has gained “significant traction” and its installed base is forecast to grow at a ‘robust’ compound annual growth rate (CAGR) of 21.9 per cent to reach 63 million units in 2028.
Berg finds the number of installed smart parking sensors is expected to see a slightly slower growth of 19.8 percent while the smart waste sensor technology market will be the fastest growing of the three with a CAGR of 22.8 per cent.
In 2023, the global installed base of individually controlled smart streetlights amounted to 23.4 million units (excluding China). The corresponding figures for the smart parking and smart waste sensor technology markets were at the same time 1.3 million and 1.25 million 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.
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 2023, Berg reports the number of such non-regulatory air quality monitoring devices installed in outdoor urban environments amounted to 154,000 units globally and forecasts they will reach 498,000 units in 2028.
The largest of the five covered smart city application areas was the smart city surveillance market, which reached a global market value of €12.5bn in 2023. The market, which includes both fixed and mobile video and audio surveillance solutions, is expected to grow at a CAGR of 16.8 per cent throughout the forecast period.
“Truly smart cities are starting to emerge, but their continued development will largely depend on the ability of local governments to navigate the complexities involved”, said William Ankréus, IoT analyst, Berg Insight. “The massive influx of people into cities around the world and the increased interest in social, environmental and economic sustainability will continue to act as driving forces for smart cities and their enabling technologies.”
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Quelle/Source: Smart Cities World, 10.04.2024
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