Globally, demand for smart shades is expected to expand at a rapid pace from 2020 to 2030, owing to rising consumer aspiration values and a desire for comfort and a luxurious lifestyle.
Furthermore, smart shades are equipped with high-end technologies like as ZigBee/Z-Wave, with Bluetooth being the most commonly utilised technology. Online sales will continue to account for a significant portion of the industry in the future years.
According to research, the global smart shades market is expected to grow at a 30 percent CAGR from 2020 to 2030, with North America leading the way, followed by China.
Key Market Segments
- Corporate Offices
- Hotels and Restaurants
- Educational Institutes
- Direct To Customer
- Online Sales Channel
- Specialty Stores
Environment of Competition
The aforementioned businesses are recognised as global leaders in the field of smart blinds.
The digital ecosystem, which includes enhanced asset connection and sophisticated technology mobilisation, is attracting the attention of key market players. Sustaining in this market requires improved product offerings with high-end technologies in the business.
Sonesse Ultra 30 wire free ZigBee li-ion motor, for example, was introduced by Somfy Systems Inc. in 2020 as a new offering in its smart shading solutions.
In addition, Loxone Electronics improved its miniserver product in 2019 to a new second version known as Gen2 Miniserver, which includes secure https connections and IPv6 connectivity. Consumers expressed a strong desire for the product’s connectivity to be improved further.
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