Home Automation Sensors Industry - Regional Synopsis
On the basis of geographical analysis, the home automation sensors market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in the 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. Apart from these, surge in the use of connected devices, especially in India, is also expected to boost the region’s market growth in the future. Moreover, the market in North America is anticipated to grab the largest share ascribing to the growing implementation of AI and IoT applications, high deployment rate security solutions in smart homes, and strong presence of major home automation sensors market players in the region. In 2018, smart home devices worth approximately USD 4 billion were sold in the U.S., which grew up to USD 4.3 billion by the end of the year 2020.
