Smart Shade Device Market: Introduction
- Smart shade device is viewed as a smart move in the age of smart homes. Smart shades are used to make life easier with the help of IoT (Internet of Things). A wide range of products are available in the market to suit different home settings and the convenience of end-users. App-controlled systems and smartphone features enable better connectivity. App-controlled connectivity offers advantages over traditionally used motorized blinds. Preference for smart shade devices is influenced by the technology and cost of the product.
Key Drivers of the Global Smart Shade Device Market
- The global market for smart shade devices is driven by the rising urbanization and increasing investment in infrastructure development. People are willing to spend more on smart devices and technology with the growing per capita income.
- The smart homes trend is gaining popularity across developing economies. Moreover, many construction companies are developing premium smart home projects to target the high income population.
- In developed countries, product adoption rate of smart shade devices is high due to high per capita income and the availability of infrastructure for implementing smart technologies in homes. Moreover, significant consumer awareness about the products available in the market is expected to drive the future growth of the smart shade device market in developed regions.
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Opportunities in the Global Smart Shade Device Market
- eSIM (embedded SIM) and IoT (Internet of Things) are generating huge opportunities. Laptops, utilities, televisions, phones, security sensors, fitness wristbands, appliances, and more are integrated into an easy-to-control and entirely interconnected environment.
- Major companies such as Amazon, Google, Apple, and Samsung are investing in the development of innovative solutions, thus confirming their commitment toward the growth of the smart home space.
The Impact of COVID-19 on the Smart Shade Device Market
- Although the industry has witnessed significant disruption due to the COVID-19 pandemic, several opportunities are expected in the post-pandemic world. Reduced face-to-face interactions and the need for social distancing has increased technology awareness among consumers for home automation. Moreover, industrialists and business leaders are expected to invest in IoT enabled infrastructure for their businesses.
North America identified as the Dominant Smart Shade Device Market
- By geography, the global smart shade device market is classified into South America (SA), North America (NA), Europe (EU), Middle East & Africa (MEA), and Asia Pacific (APAC).
- Country-level bifurcation of the North America market includes the forecast and analysis for the U.S., Canada, and Rest of North America. Country-level analysis and forecast for the Europe market includes historical and forecast analysis for the smart shade device market in the U.K., Germany, France, and Rest of Europe. Country-level analysis and forecast for the Asia Pacific market includes major countries in the region such as India, China, Japan, and Rest of Asia Pacific. Middle East & Africa country-level analysis and forecast for the smart shade device market includes GCC countries, South Africa, and Rest of Middle East & Africa. The South America smart shade device market is categorized into Brazil, and Rest of South America.
- North America is witnessing strong research and development activities in the smart shade device market. Introduction of new installation techniques is the key business strategy of companies in the region. Further, market growth is driven by high consumer awareness and willingness to spend on smart home solutions.
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Key Players Operating in the Global Market
Introduction of new technology and continuous upgrade of existing product lines are the key strategies adopted by companies. Moreover, companies are ensuring better consumer knowledge and after sales services to promote the adoption rate of smart shade devices. Technical proficiency and better distribution networks are expected to offer competitive advantage to key companies. Partnership and collaboration with international distributors allows companies to market and sell their products in overseas markets.
Some of the major companies identified in the global smart shade device market are:
- DuPont
- Pella Corp.
- Vertilux Corp. Pty Ltd.
- Crestron Electronics Inc.
- Hunter Douglas NV
- Loxone Electronics GmBH
- Coulisse BV
- Skyco Shading Systems Inc.
- Springs Window Fashions LLC
- The Denver Shade Co.
- Somfy SA
Global Smart Shade Device Market: Research Scope
Global Smart Shade Device Market, by Technology
- Wi-Fi
- Bluetooth
Global Smart Shade Device Market, by End-use
- Residential
- Commercial
- Hotels and Restaurants
- Hospitals
- Corporate Offices
- Others (Educational Institutes, Resorts, etc.)
Global Smart Shade Device Market, by Distribution Channel
- Online
- E-commerce Websites
- Company Owned Websites
- Offline
- Retailers
- Large Format Stores
- Specialty Stores
The report on the global smart shade device market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on market segments and regions.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
