Home Automation Sensors Sector: Growth Drivers and Challenges
Growth Drivers
- Growing Adoption of Internet of Things in Developed and Developing Nations
- Increasing Importance of Home Monitoring in Remote Locations
Challenges
- Unethical Technological Breaches Associated with Home Automation Sensors
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
Home Automation Sensors Market size is likely to expand at more than 12.2% CAGR during the forecast period i.e., between 2025-2037.
The market growth is driven by growing adoption of internet of things in developed and developing nations, and increasing importance of home monitoring in remote locations.
Asia Pacific industry is estimated to account for largest revenue share by 2037, propelled by rising government investments in smarter infrastructure and advanced technologies, and increasing usage of sensors in smartphones, healthcare and automobiles.
The major players in the market are Honeywell International, Inc., Ingersoll-Rand PLC, Emerson Electric Co., ABB Ltd., Schneider Electric S.A, and others.
