Occupancy Sensor Market Research Report

Occupancy Sensor Market:

Growth opportunities in the occupancy sensor market look promising over the next six years. This is mainly due to the escalating infrastructure projects for smart city with government initiatives and growing implementation of a communication and video surveillance infrastructure.

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Occupancy Sensor Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The augmenting demand for smart homes, along with the increasing government initiatives concerning infrastructural projects for a smart city, are the crucial drivers responsible for the growth of the global occupancy sensor market. The Indian Government launched two programs which included 'Smart Cities Mission' and 'Atal' with an initial investment of approximately US$ 7.513 billion to rejuvenate the transformation in the Urban sector and the modernization of 500 existing cities in India.

Moreover, the fuelling demand for authentication and surveillance systems to ensure public security and the increasing application of camera, communication, and video surveillance bolstered the market growth. For example, approximately 770 million cameras were lodged across the world, in 2019, with 54% of those in China. These sensors help supervise the cameras to feed the video motion detectors to detect movement, the sound of an alarm, and motion to switch on lights. However, the high capital investment to set up the manufacturing facility will constrain the market growth.

Network Type Segment Drivers

Based on the network type, wireless is predicted to lead the market over the forecast period. This is because of the fuelling demand for wireless IoT-based smart and connected devices for residential and commercial purposes. For instance, the Wi-Fi Organization in 2019 reported that the total smart device shipments reached 30 billion with more than 4 billion Wi-Fi connected devices.

Regional Drivers

Based on the regional coverage, Asia-Pacific is expected to dominate the market over the forecast period. This is primarily owing to the prevalence of advanced manufacturing facilities and increasing governmental strategies for the enhancement of city. Also, the rising acceptance of smart devices like IoT and AI-based devices, along with the growing need for public safety, will propel the market demand. For example, China is the world's largest market for IoT-based connected devices with more than 1.5 billion cellular connections and rapidly accelerating mobile IoT licensed low-power wide-area network (LPWAN) technologies. This boost in IoT-based devices is supplementing the occupancy sensor market size.

Occupancy Sensor Market’s leading Manufacturers:

· General Electric

· Huawei

· EATON

· Schneider Electric

· Johnson Controls

· LEGRAND INC.

· LUTRON ELECTRONICS, INC.

· HUBBELL INCORPORATED

· Honeywell

· Siemens

· ACUITY BRANDS

· PHILIPS LTD

· Texas Instruments Incorporated

Occupancy Sensor Market Segmentation:

Segmentation by Technology

· Microwave

· Ultrasonic

· Passive Infrared

Segmentation by Network Type

· Wireless

· Wired

Segmentation by Building Type

· Commercial

· Residential

Segmentation by Application

· Lighting Systems

· Security & Surveillance

· HVAC Systems

· Others

Segmentation by Region:

· North America

o United States of America

o Canada

· Asia Pacific

o China

o Japan

o India

o Rest of APAC

· Europe

o United Kingdom

o Germany

o France

o Spain

o Rest of Europe

· RoW

o Brazil

o South Africa

o Saudi Arabia

o UAE

o Rest of the world (remaining countries of the LAMEA region)

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