What is Global Smart Garage Door Opener & Controller Market?
The Global Smart Garage Door Opener & Controller Market is an emerging sector that has seen significant growth in recent years. This market revolves around the production and distribution of smart garage door openers and controllers, which are devices that allow homeowners to control their garage doors remotely using their smartphones or other smart devices. These innovative products offer a high level of convenience and security, as they enable users to open or close their garage doors from anywhere, at any time. They also provide real-time notifications about the status of the garage door, which can be particularly useful for those who often forget to close their garage doors when leaving home. The market includes a variety of products, from basic models that simply open and close the garage door, to more advanced models that offer features such as voice control, geofencing, and integration with other smart home devices.
Wi-Fi based, Bluetooth based in the Global Smart Garage Door Opener & Controller Market:
The Global Smart Garage Door Opener & Controller Market is divided into two main segments: Wi-Fi based and Bluetooth based. Wi-Fi based smart garage door openers and controllers connect to the user's home Wi-Fi network, allowing them to control their garage door from anywhere with an internet connection. These devices often come with a companion app that provides a user-friendly interface for controlling the garage door and setting up custom alerts and schedules. On the other hand, Bluetooth based smart garage door openers and controllers connect directly to the user's smartphone or other Bluetooth-enabled device. These devices typically have a shorter range than their Wi-Fi counterparts, but they offer the advantage of being able to operate without an internet connection. Both types of smart garage door openers and controllers have their own strengths and weaknesses, and the choice between them largely depends on the user's specific needs and circumstances.
Residential Sector, Commercial Sector, Other in the Global Smart Garage Door Opener & Controller Market:
The Global Smart Garage Door Opener & Controller Market has a wide range of applications, particularly in the Residential Sector, Commercial Sector, and Other areas. In the Residential Sector, smart garage door openers and controllers are primarily used to enhance home security and convenience. They allow homeowners to monitor and control their garage doors remotely, which can be particularly useful for those who often forget to close their garage doors when leaving home. In the Commercial Sector, these devices are often used in businesses and other commercial establishments to improve security and efficiency. They can be particularly useful in large commercial buildings with multiple garage doors, as they allow for centralized control and monitoring of all doors. Other areas where smart garage door openers and controllers are used include public facilities, such as schools and hospitals, as well as in various industrial settings.
Global Smart Garage Door Opener & Controller Market Outlook:
Looking at the market outlook for the Global Smart Garage Door Opener & Controller Market, it's clear that this sector is on a strong growth trajectory. In 2023, the market was valued at a substantial US$ 547.1 million. However, this is just the beginning, as it's projected to more than double in value by 2030, reaching an impressive US$ 1039.3 million. This represents a compound annual growth rate (CAGR) of 9.4% during the forecast period from 2024 to 2030. It's also worth noting that the market is currently dominated by the top three manufacturers, who collectively hold a market share of about 80%. This indicates a high level of market concentration, which could present both opportunities and challenges for new entrants.
| Report Metric | Details |
| Report Name | Smart Garage Door Opener & Controller Market |
| Accounted market size in 2023 | US$ 547.1 million |
| Forecasted market size in 2030 | US$ 1039.3 million |
| CAGR | 9.4% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | The Chamberlain Group, Asante, Garageio, Gogogate, Nexx Garage, The Genie Company, Garadget, GarageDoorBuddy, Skylinkhome, Shenzhen Yaoertai, Ryobi |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
