The smart shades market is gaining popularity in recent times due to the increase in adoption of mechanical shades in developing nations. There has been a rise in demand for shades which are functioned by motorized mechanisms, used both for commercial and residential purposes. Increasing demand has generated more opportunity for global shade manufacturers for the smart shade device market.
Adoption of new technologies such as Bluetooth Smart and Bluetooth low energy (BLE), Wi-Fi, and other related wireless technologies helps to communicate with the motor mechanisms and regulate the movement of motorized shades. The device which is used for motorized shades can be used to regulate multiple windows from one mobile application.
The smart shade device market has been segmented by technology and end-use. On the basis of technology, the market has been segregated by BLE and Wi-Fi. Wi-Fi- based technology was the most dominant segment in 2015 and is likely to retain its position over the forecast period. Owing to the simplicity of use and compatible range of Wi-Fi based technology, this segment dominates the market over other technologies. Increase in the use of Wi-Fi compatible smart shades has been one of the key factors driving the smart shades market.
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On the basis of end-use, the market has been bifurcated into residential and commercial. Residential segment was the most dominant segment in 2015 and it is expected to remain so over the forecast period. Rise in adoption of smart homes in developed countries such as Germany, U.S, France, U.K, and Australia among others has been one of the major factors driving the smart shade device market.