Home Automation Sensors Market Is Booming Worldwide by 2027 | Sony Corp, Telefonaktiebolaget LM Ericsson, Honeywell International, IBM, HTC Corporation

Home Automation Sensors Market 2021 report helps the clients to take business decisions and to understand strategies of major players in the industry. The report also calls for market- driven results deriving feasibility studies for client needs. Market Insights Reports ensures qualified and verifiable aspects of market data operating in the real- time scenario. The analytical studies are conducted ensuring client needs with a thorough understanding of market capacities in the real- time scenario.

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Home Automation Sensors Market size stood at USD 45.8 Billion in 2017, is projected to reach USD 114 Billion by the end of 2025, exhibiting a CAGR of 12.1% during the forecast period.

Markets Segmentation:

Top leading Companies Profiled in Home Automation Sensors Market Report are Sony Corp, Telefonaktiebolaget LM Ericsson, Honeywell International, IBM, HTC Corporation, Bosch-Sensortec (Robert Bosch GmbH), Intel Corporation, Invensense, Samsung Electronics

News and Updates

ABB launches first touch-free smart sensor to reduce indoor air pollution- The new ABB FusionAir® Smart Sensor offers four sensing options for creating optimal conditions for improving indoor air quality, safety and comfort.

Luminous Launches Home Automation Products- Luminous Power Technologies, the electrical goods manufacturer dealing mainly in battery and inverters has now ventured into the home automation segment. Luminous has launched smart switches, smart plugs, motion sensors etc. in select regions in India.

Market Overview

Home automation is utilization of intelligent terminals to control home appliances and equipment. It includes but is not limited to centralized control of lighting, security checks/locks for home access, HVAC control, and others. Home automation is also known as smart home automation, which is an automation system, which offers access to control appliances and devices such as lights, fan, alarm system, heating & cooling systems, and electrical outlets with a smartphone.

An automated home provides numerous benefits to end-users, such as reduced energy spending, security from theft, and protection from unauthorized access to the home. The solutions are gaining popularity in the residential and hospitality sectors, to protect their personal and commercial assets such as buildings, hardware infrastructures, personal belongings, and others.

The global home automation market is likely to derive substantial impetus from its use by differently-able people, who are more likely to be exposed to the issues of daily life than other people. While people suffering from Alzheimer disease can keep the main door open and then forget, a deaf person cannot hear the doorbell or a blind person find it extremely difficult to make his or her way to the door. Home automation solutions offer considerable benefits to such people, thereby improving the quality of life for them. Smart homes offer safe environment to them and empower them with a sense of security. Home automation solutions also enable the user to regulate several features. Remote monitoring can also alert people in case any threatening situation arises.

Safe Wise is an independent review organization that has its headquarters in the US. It functions to conduct the testing alongside the reviewing of the home security systems. Also, this organization aims at valuable monitoring of the safety and security devices at homes. The review concludes that the amount of insurance incurred by any homeowner is reduced by a figure of 20%. The target audience tends to save this money which further acts as an excellent way to cover the costs that have been incurred while adopting the security systems for home and other residential applications.

 Market Segmented By Types

Light Sensors

Temperature Sensors

Fire Sensors

Gas/Smoke Sensors

Image Sensors

Others

Market Segmented By Applications

HVAC System

Lighting System

Safety & Security System

Others

Regional Analysis:

Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, and Others), North America (United States, Canada, and Mexico), Central & South America (Brazil, and Rest of South America), Europe (Germany, France, UK, Italy, Russia, and Rest of Europe), Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa and Other)

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Key Takeaways from Home Automation Sensors Report

─Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals

─Understand the different dynamics influencing the Home Automation Sensors market – key driving factors, challenges and hidden opportunities.

─Get in-depth insights on your competitor performance – Home Automation Sensors market shares, strategies, financial benchmarking, product benchmarking, SWOT and more

─Analyze the sales and distribution channels across key geographies to improve top-line revenues.

─Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

─Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.

─Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Home Automation Sensors

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In conclusion, the Home Automation Sensors market report presents the descriptive analysis of the parent market supported elite players, present, past and artistic movement information which is able to function as a profitable guide for all the Home Automation Sensors Industry business competitors. Our expert research analyst’s team has been trained to provide in-depth market research reports from every individual sector which will be helpful to understand the industry data in the most precise way.

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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