Artificial Intelligence would be the torchbearer of industrial automation in the next decade. The AI-related techniques are bound to lead not just the wave of technological advancements, but also prove to be economically relevant. This could be credited to powerful and flexible machine software. Also, in future, functional tests concerned with manufacturing equipment are likely to be performed by making use of comprehensive modes regarding virtual and simulation commissioning.
Production machines would thus be digitally fed, that too, with the “live” data all through the equipment’s lifecycle. Wireless protocols such as 5G would be the buzzword going forward. Persistence Market Research is there with the automation-oriented mindsets of its analysts and consultants followed by insights regarding the same.
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Demand will be particularly high across North America and Europe over the next ten years.
As per Persistence Market Research analysis, the global automated blinds and shades market is anticipated to expand at a CAGR of over 3% during the forecast period of 2021-2031.
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Key Takeaways from Automated Blinds and Shades Market Study
- The use of motorized blinds/ shades is a trend rapidly being adopted throughout the world, which, in turn, is driving market growth.
- Replacement of manually-operated blinds and shades with automated versions is also expected to provide impetus to growth, as demand for advanced features, decreased prices, etc., rises.
- Development of blinds and shades integrated with speech recognition technology is seeing a rise.
- Expansion of retail space in commercial establishments such as hypermarkets is anticipated to provide lucrative opportunities for market growth over the forecast period.
- 8 out of 10 installations would be for the semi-automatic versions of blinds and shades, with new installations holding more than 70% of market share.
- North America, followed by Europe, is the biggest market for automated blinds and shades.
- Germany will account for one-fourth of the total sales in the European region.
- The market in China and Australia is expected to grow the fastest, at close to 4% through 2031.
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