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Home Automation Sensors Market Trends

  • Report ID: 3562
  • Published Date: Sep 18, 2024
  • Report Format: PDF, PPT

Home Automation Sensors Market Trends

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

Home Automation Sensors Market: Key Insights

Base Year

2023

Forecast Year

2024–2036

CAGR

12.2%

Regional Scope
  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Author Credits:  Abhishek Verma


  • Report ID: 3562
  • Published Date: Sep 18, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors driving market growth are growing adoption of internet of things in developed and developing nations, and increasing importance of home monitoring in remote locations.

The market is anticipated to attain a CAGR of ~12% over the forecast period, i.e., 2022 – 2030.

Unethical technological breaches associated with home automation sensors are estimated to hamper the market growth.

Asia Pacific will provide more business opportunities for market growth owing to the 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.
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