by Brianna Crandall — May 30, 2016 — Global unit shipments of smart city devices, which are Internet-connected devices used in smart city projects, will increase from 115.4 million in 2015 to 1.2 billion in 2025, according to a recent market research report from IHS Inc.
Global unit shipments of smart city devices — Internet-connected devices used in smart city projects — will increase from 115.4 million in 2015 to 1.2 billion in 2025, says IHS. Click image to enlarge.
“Unit shipments of smart city devices to Asia Pacific will increase more than shipments to other regions for two main reasons,” said Roz Euan-Smith, senior analyst, Smart Cities, for IHS Technology. “First, the region’s large population is increasingly moving to cities, which are straining under the increased pressure and demand for resources, creating a clear need for smart city development.
Second, several national governments in the region have announced smart city development initiatives that focus on full-city development, not just trials, including India’s 100 Smart Cities program, Singapore’s Smart Nation program, and other initiatives in China and Japan.”
These smart city initiatives in countries around the world range from traffic mobile apps and intelligent solar-powered lights to rainwater harvesting, variable message sign boards and air quality monitor sensors.
Although in 2015 North America, Europe, and Asia Pacific each received approximately one-third of unit shipments, the Asia-Pacific region is expected to receive over half of all device shipments by 2025.
After countries in the Asia-Pacific region, the United States represents the largest potential market for smart city technology because of the number of cities and metropolitan areas in the country, according to the report. In September 2015, the White House announced a new Smart Cities initiative that will invest more than $160 million in federal research funds to bolster the U.S. smart cities market.
The IHS Smart Cities Devices Report – 2016, available for purchase from the IHS Web site, examines the market for Internet-connected devices used in smart city projects and includes shipment forecasts by region and market vertical through 2025.
