According to Technavio’s latest market research study, the global smart shade devices market is expected to grow at a high CAGR of close to 90% during the forecast period 2017-2021.
This report by Technavio provides an in-depth analysis of the global smart shade devices market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the technology
Source: Technavio
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The top three revenue contributing technology segments are discussed below
Global smart shade devices market by Wi-Fi wireless technology: The high demand for smart shade devices by Wi-Fi technology is attributable to advantages such as ease of accessibility and high range of compatibility. Manufacturers such as Hunter Douglas and Pella are already offering smart shade devices that are enabled with Wi-Fi technology and compatible for control through mobile apps.
“Exchange programs are being adopted as a key strategy by core players to compete with technology solution providers that are offering smart shade retrofit devices for already installed shades at home or office premises,” says Poonam Saini, a lead analyst at Technavio for research on general retail goods and services.
Global smart shade devices market by BLE wireless technology: BLE technology controls more than a quarter of the market’s revenue. The market for smart shade devices by BLE technology is projected to experience substantial growth during the forecast period owing to the technology’s increasing adoption in electronic devices, home appliances, LED lighting solutions, and window coverings automation solutions.
Global smart shade devices market by other wireless technologies: Other wireless technologies used in smart shade devices include Z-Wave, ZigBee, and Insteon. Technology manufacturers and solution providers such as Honeywell and Lutron are some of the vendors in the market space who currently offer smart shade devices by other wireless technologies.
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Top vendors operating in the global smart shade devices market are:
- Hunter Douglas
- Pella
- Springs Window Fashions
Other prominent vendors in the market include Bali, Graber, Horizons, MechoSystems, and SWFcontract.
A more detailed analysis is available in the Technavio report titled, ‘Global Smart Shade Devices Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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