- Street and roadway lighting refers to the systems and technologies used to illuminate public roads, highways, and urban areas, aimed at enhancing visibility, ensuring traffic safety, and supporting urban infrastructure. These systems include a range of solutions such as LED lights, smart lighting networks, and traditional light sources
- The street and roadway lighting market is witnessing strong growth driven by increasing global investments in smart city infrastructure, rising demand for energy-efficient lighting solutions, rapid urbanization, government mandates for sustainable public lighting, and advancements in IoT-enabled smart lighting technologies
- Asia-Pacific is expected to dominate the street and roadway lighting market due to robust government initiatives promoting smart city development and energy-efficient infrastructure upgrades across major economies
- Europe is expected to be the fastest growing region in the street and roadway lighting market during the forecast period due to strict regulatory mandates aimed at enhancing energy efficiency, sustainability, and public safety
- LEDs segment is expected to dominate the market with a largest market share of 80.2% due to their superior energy efficiency, longer lifespan, lower maintenance costs, and growing global initiatives focused on sustainable and smart city infrastructure development
