About Home Automation Sensors
Home Automation Sensors are mostly used in IOT devices and applications or consumer electronics deployed in home. Their wide array of sensors which come under home automation category such as temperature and humidity sensors, motion sensors, light sensors, position sensors, touch sensors and others. The market of home automation sensors is set to surge owing to increasing disposable income, advancement in technology and increasing internet penetration. Although some disruptions in raw material and components required in home automation sensors manufacturing may delay its delivery in market or exponentially increase its costs. Geographically, North America is the biggest market of Home automation sensors, with Asia Pacific steadily catching up.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 16.6% |
The home automation sensor market is witnessing significant growth driven by factors like increasing demand for convenience, security concerns, and growing disposable income. The market is characterized by a mix of established players and emerging startups, all vying for a piece of the pie. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Home Automation Sensors market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Siemens AG (Germany), Honeywell International Inc. (United States), Analog Devices, Inc. (United States), ABB Ltd. (Switzerland), NXP Semiconductors N.V. (Netherlands), Robert Bosch GmbH (Germany), TDK Corporation (Japan), Infineon Technologies AG (Germany), Sensirion AG (Switzerland) and STMicroelectronics (Switzerland) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Emerson Electric Co. (United States), Legrand (France) and CTS Corporation (United States).
Segmentation Overview
AMA Research has segmented the market of Global Home Automation Sensors market by Type (Temperature & Humidity, Touch, Motion & Occupancy, Water, Position, Light and Others) and Region.
On the basis of geography, the market of Home Automation Sensors has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Components, the sub-segment i.e. ADC will boost the Home Automation Sensors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. MEMS will boost the Home Automation Sensors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Connectivity, the sub-segment i.e. Wired will boost the Home Automation Sensors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Integration of Artificial Intelligence to Operate or Interoperate Home Automation Sensors enabled Devices
Market Growth Drivers:
Increasing Disposable Income and Rise of IOT Applications
Challenges:
Maintaining Stable Supply of Raw Materials such as Rare Earth Minerals required in Sensors Manufacturing
Restraints:
Complex Engineering and Technology Involved
Opportunities:
Increasing Internet Connectivity Indirectly Increases IOT’s Market Potential
Market Leaders and their expansionary development strategies
January 2023: Aqara partners with Xiaomi to leverage Xiaomi's AI and cloud capabilities for its smart home sensors and other products.
September 2023: Bosch launches a new range of smart home sensors including motion detectors, water leak sensors, and door/window sensors.
Key Target Audience
Home Automation Sensors Manufacturers, Suppliers and Distributors, Component Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.