Global Smart Shade Devices Market – Industry Trends and Forecast to 2029

Smart Shade Devices Market Analysis and Size

In the age of smart homes, an intelligent shade device is considered a wise decision. With the help of IoT, smart shades are used to make life easier. A wide range of products is available to suit various home settings and end-user convenience. Better connectivity is made possible by app-controlled systems and smartphone features. App-controlled connectivity has advantages over conventional motorized blinds. The technology and cost of the product influence consumer preference for smart shade devices.

Data Bridge Market Research analyses that the smart shade devices market was valued at USD 232.45 million in 2021 and is expected to reach the value of USD 367.70 million by 2029, at a CAGR of 5.90% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.

Smart Shade Devices Market Scope and Segmentation

Market Definition

Smart shade devices and gadgets use IoT to control natural light inside the home and other interior spaces (internet of things). A wide range of products is available on the market that are operated via remote control, voice commands, and smartphone apps as per various home settings and customer convenience. Due to the technology and cost of the product, these are becoming an essential part of the connected home concept. These devices provide the option of controlling the environment in home interiors and scheduling features, as well as numerous other advantages such as floor, art, and furniture protection, energy efficiency, and maximizing space in the home.

Global Smart Shade Devices Market Dynamics

Drivers

• The growing concept of smart home infrastructure

Digitalization, increasing online sales penetration, and increasing adoption of smart home products have been key growth indicators during this time. A key driver for the market has been the burgeoning IoT market, which has seen an increase in the distribution of connected homes with all the latest digitally-equipped devices. Furthermore, smart shades offer a variety of connectivity features such as mobile app connectivity, quick response alerts, and remote communication for consumer convenience, positioning the market for large-scale adoption of smart shades and related products.

• Energy efficient solutions

The rise in demand for energy-efficient solutions around the world, as well as the increasing usage of appliances such as security cameras, refrigerators, TVs, microwave ovens, and dishwashers, among others, increase the need for energy-efficient solutions, driving the smart shade devices market. The rise in consumer adoption of efficient technologies such as solar-powered products, programmable thermostats, and smart shade devices to conserve energy and improve efficiency, as well as the cost effectiveness of these devices due to their solar power and built-in lithium batteries, is driving the growth of the smart shade devices market.

Opportunities

• Urbanization and increased infrastructure development

Rapid urbanization, increased infrastructure development investment, an increase in per capita income, increased awareness of home automation and smart home concepts, and improved internet connectivity all have a positive impact on the smart shade devices market. Furthermore, the adoption of eSIM (embedded SIM) and IoT (internet of things), as well as the rise in demand for easy-to-control and connected electronics and the development of innovative solutions, will provide profitable opportunities to smart shade devices market participants during the forecast period.

Restraints

• High maintenance and installation cost associated with the product

The high cost of the product, installation, and maintenance is expected to stymie the growth of the smart shade devices market. Concerns about device compatibility with smart hub platforms are expected to challenge the smart shade devices market during the forecast period.

This smart shade devices market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the smart shade devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Smart Shade Devices Market

Although the COVID-19 pandemic has caused significant disruption in the industry, several opportunities are expected in the post-pandemic world. Reduced face-to-face interactions and the need for social distancing have increased consumer awareness of home automation technology. Furthermore, business leaders and industrialists are expected to invest in IoT-enabled infrastructure for their companies.

Global Smart Shade Devices Market Scope

The smart shade devices market is segmented on the basis of technology, distribution channel and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Technology

• Wi-Fi
• Bluetooth
• BLE
• Others

Distribution channel

• Online
• E-commerce
• Websites
• Company owned websites
• Offline
• Retailers
• Large format stores
• Specialty stores

End Users

• Commercial
• Hotels and restaurants
• Hospitals
• Corporate offices
• Others
• Educational institutes
• Resorts

• Residential

Smart Shade Devices Market Regional Analysis/Insights

The smart shade devices market is analyzed and market size insights and trends are provided by country, technology, distribution channel and end user as referenced above.

The countries covered in the smart shade devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the smart shade devices market due to the increasing popularity of smart home devices, the availability of various smart home solutions, the introduction of new products by furniture and home accessory manufacturers, the introduction of new installation techniques, and the region's high consumer awareness of advanced solutions.

Europe is expected to experience the fastest growth from 2022 to 2029, owing to increased renovation and refurbishment of existing residential and commercial complexes, as well as infrastructural development activities in the region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Smart Shade Devices Market Share Analysis

The smart shade devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to smart shade devices market.

Some of the major players operating in the smart shade devices market are:

• 3 Day Blinds (U.S.)
• Chicology Inc. (U.S.)
• Decora-Corporate  (Poland)
• Draper, Inc. (U.S.)
• Elite Window Fashions (Canada)
• Hunter Douglas (U.S.)
• COMFORTEX WINDOW FASHIONS (U.S.)
• CUSTOM BRANDS GROUP (U.S.)
• Innovative Openings (U.S.)
• Louvolite (Canada)
• Maxxmar Window Fashions (Canada)
• NIEN MADE ENTERPRISE CO., LTD (Taiwan)
• Norman® Window Fashions (U.S.)
• Roll-A-Shade Inc. (U.S.)
• Rollease Acmeda (U.S.)
• Springs Window Fashions (U.S.)
• MechoShade Systems, LLC. (U.S.)
• TimberBlindsMetroShade (U.S.)

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