Smart Shade Device Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024
Albany, NY -- (SBWIRE) -- 07/12/2018 -- The smart shades market is gaining popularity in recent times due to the increase in adoption of mechanical shades in developing nations. There has been a rise in demand for shades which are functioned by motorized mechanisms, used both for commercial and residential purposes.
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Increasing demand has generated more opportunity for global shade manufacturers for the smart shade device market. Adoption of new technologies such as Bluetooth Smart and Bluetooth low energy (BLE), Wi-Fi, and other related wireless technologies helps to communicate with the motor mechanisms and regulate the movement of motorized shades
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The capability of the smart shade device to operate through a touch interface in addition to mobile applications is expected to drive investments in the market over the forecast period. Owing to the benefits derived from the usage of smart shade devices, there has been growth of smart home devices specifically for home security and home appliances. Innovative and new products of smart shade devices are expected to create more opportunities for the market over the forecast period.
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On the basis of end-use, the market has been bifurcated into residential and commercial. Residential segment was the most dominant segment in 2015 and it is expected to remain so over the forecast period.