Home Automation Sensors Segmentation
The market is segmented by application into security, entertainment, heating, ventilating and air conditioning, lighting, and others, out of which, the lighting segment is anticipated to hold the largest share in the home automation sensors market. This can be accounted to the rising concerns to reduce energy consumption by lighting products, and growing integration of these items using cloud and IoT based solutions. Apart from these, increasing adoption of wireless technologies globally is also assessed to drive growth to the market segment in the coming years. Additionally, on the basis of product type, the luxury segment is evaluated to occupy the largest share over the forecast period ascribing to the high consumer interest in leading a luxurious lifestyle as a result of significant increase in household spending.
Our in-depth analysis of the global market includes the following segments:
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