Door and Window Automation Market is Slated to Witness Tremendous Revenue Growth of US$ 26,198.66 Million by 2028- The Insight Partners

According to our latest market study on "Door and Window Automation Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Component, Product Type, and End-User," the market was valued at US$ 18,422.22 million in 2021 and is projected to reach US$ 26,198.66 million by 2028; it is expected to grow at a CAGR of 5.2% from 2021 to 2028.

Over the years, the growth of the aviation industry has complemented developments in several associated technologies, such as internet connectivity. Governments of developed countries such as the US, the UK, and China are investing in smart airport technologies, such as smart sensors, communication and network systems, cameras, RFID tags, and wearable devices, owing due to the rising preference for real-time information and growing demand for advanced connectivity technologies in airport operations.

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Competitive Landscape: Hospital Lights Market: ABB, Allegion plc, Assa Abloy AB, Came S.p.A., Honeywell International Inc., Insteon, Nabtesco Corporation, Schneider Electric SE, Siemens AG, and GEZE GMBH. are the key players profiled in the global door and window automation market.

Further, the increasing development of new airports and rising expansion of existing airports in countries such as the UK, the UAE, India, and Hong Kong are expected to drive the growth of the door and window automation market. In August 2020, Gammon Construction Limited, a Hong Kong-based construction and engineering contractor, was awarded a four-year contract amounting to US$ 1.7 billion by the Hong Kong Airport to expand Terminal 2 at Chek Lap Kok Airport. Such expansion activities are likely to boost the demand for door and window automation during the forecast period.

Impact of COVID-19 Pandemic on Door and Window Automation Market
The COVID-19 outbreak has adversely affected the overall growth rate of the global door and window automations market in 2020 due to decline in the revenue and growth of companies operating in the market owing to supply and demand disruptions across the value chain. Thus, there was a decline in y-o-y growth rate during the year 2020. However, the sudden growth in vaccinations and COIVD-19 safety protocols, the restrictions are getting lifted. The scenario would positively impact the production capabilities in the civil and commercial sectors, which would drive the growth of the door and window automations during the forecast period.

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The door and window automation market is segmented on the basis of component, product type, and end user. Based on component, the market is segmented into access control systems, control panels, sensors and detectors, motors and actuators, and others. In 2020, the sensors and detectors segment led the market. Based on product type, the door and window automation market is segmented into windows, industrial doors, and pedestrian doors. In 2020, the pedestrian doors segment led the market.

Based on end user, the door and window automation market is segmented into residential, commercial, and industrial. In 2020, the commercial segment led the market. Geographically, the market is segmented into five key regions-North America, Europe, Asia Pacific (APAC), Middle-East and Africa (MEA) and South America (SAM). North America held the largest revenue share in 2020, followed by Europe and APAC. The market in APAC is projected to grow at the highest rate from 2021 to 2028.

North America is known for the highest rate of adoption of advanced technologies due to favorable government policies to boost innovation and strengthen infrastructure capabilities. As a result, any factor affecting the performance of industries in the region hinders its economic growth. Currently, the US is the world's worst-affected country due to the COVID-19 outbreak, which has led governments to impose several limitations on industrial, commercial, and public activities in the country, to control the spread of infection.

In Market Segmentation by Geographical Regions, the report has analyzed the following regions-
• North America (USA, Canada and Mexico)
• Europe(Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Columbia etc.)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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