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Global Smart Garage Door Controllers Market 2017-2021

Global Smart Garage Door Controllers Market 2017-2021

About Smart Garage Door Controllers

Smart garage door controllers are mainly of two types: Bluetooth- and Wi-Fi-based controllers. The home automation market, especially the smart garage door controllers market, is driven by the growing awareness about various home automation systems and increasing high net worth individual (HNWI) population worldwide. The market is expected to witness significant growth during the forecast period as the governments of various countries are taking initiatives to build smart cities.

Technavio’s analysts forecast the global smart garage door controllers market to grow at a CAGR of 23.26% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global smart garage door controllers market for 2017-2021. To calculate the market size, the report considers the new sales value and the spares market.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Smart Garage Door Controllers Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Asante
  • Garageio
  • GoGogate
  • Nexx Garage
  • The Chamberlain Group
Other prominent vendors
  • SkylinkHome
  • The Genie Company
  • RYOBI
Market driver
  • Increase in average income per household
  • For a full, detailed list, view our report
Market challenge
  • Privacy-related issues associated with online data streaming through IoT security devices
  • For a full, detailed list, view our report
Market trend
  • Technological advances
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Smart Garage Door Controllers Market 2017-2021

Technavio recognizes the following companies as the key players in the global smart garage door controllers market: Asante, Garageio, GoGogate, Nexx Garage, and The Chamberlain Group

Other Prominent Vendors in the market are: SkylinkHome, The Genie Company, and RYOBI.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Technological advances. Smart garage door controllers can wirelessly operate and control garage doors using Wi-Fi or Bluetooth. Manufacturers are introducing smart garage door controllers with cloud-based services that enable users to control, monitor, and access garage doors through the cloud.”

According to the report, one of the major drivers for this market is Increase in average income per household. Developing and developed countries are witnessing a growth in the population of HNWIs and a gradual increase in the preference for a luxurious lifestyle. With the rise in disposable income, consumers' spending capacity and their expenditure on luxury goods and services are increasing. The rise in income levels is because of the increasing population of working women. In 2016, the global workforce accounted for 40% of working women.

Further, the report states that one of the major factors hindering the growth of this market is Privacy-related issues associated with online data streaming through IoT security devices. With the advent of the IoT platform, the number of wireless connected devices has increased significantly. Almost all Wi-Fi devices operate on the cloud platform, where privacy-related issues are becoming a major concern. Information leakage from online servers may lead to the misuse of data for criminal activities. Most households in the US and Western Europe focus on security when using any new technology because data stored on cloud serves is highly vulnerable to cyber threats.

Companies Mentioned

Asante, Garageio, GoGogate, Nexx Garage, The Chamberlain Group, SkylinkHome, The Genie Company, and RYOBI.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Industry overview: Global smart home M2M market
      • Table Smart home M2M applications
      • Table Home security systems: Trends
      • Table Global smart home M2M market 2016-2021 ($ billions)
  • Market landscape
    • Market overview
      • Table Global smart garage door controllers market
    • Market size and forecast
      • Table Global smart garage door controllers market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by technology
    • Global smart garage door controllers market by technology
      • Table Global smart garage door controllers market by technology 2016 (% revenue share)
      • Table Global smart garage door controllers market by technology 2021 (% revenue share)
      • Table Global smart garage door controllers market by technology 2016-2021 (% share)
    • Global smart garage door controllers market by Wi-Fi
      • Table Global smart garage door controllers market by Wi-Fi 2016-2021 ($ millions)
    • Global smart garage door controllers market by Bluetooth
      • Table Global smart garage door controllers market by Bluetooth 2016-2021 ($ millions)
  • Market segmentation by distribution channel
    • Global smart garage door controllers market by distribution channel
      • Table Global smart garage door controllers market by distribution channel 2016 (% revenue share)
    • Global online smart garage door controllers market
    • Global offline smart garage door controllers market
  • Regional landscape
    • Geographical segmentation
      • Table Global smart garage door controllers market – market size & forecast 2016-2021 (% share)
    • Regional comparison
      • Table Regional comparison
    • Americas – market size & forecast
      • Table Americas – market size & forecast 2016-2021 ($ millions)
      • Table Americas – Year-over-year growth 2017-2021
      • Table Internet users in US 2010-2015 (% population)
      • Table Top 3 countries in Americas
      • Table Internet users in Canada 2010-2015 (% population)
      • Table Internet users in Brazil 2010-2015 (% population)
    • EMEA – market size & forecast
      • Table EMEA – market size & forecast 2016-2021 ($ millions)
      • Table EMEA – Year-over-year growth 2017-2021
      • Table Internet users in UK 2010-2015 (% population)
      • Table Top 3 countries in EMEA
      • Table Internet users in Germany 2010-2015 (% population)
    • APAC – market size & forecast
      • Table APAC – market size & forecast 2016-2021 ($ millions)
      • Table APAC – Year-over-year growth 2017-2021
      • Table Internet users in Japan 2010-2015 (% population)
      • Table Internet users in China 2010-2015 (% population)
      • Table Internet users in Australia 2010-2015 (% population)
      • Table Top 3 countries in APAC
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Number of HNWIs in key countries 2015 and 2016 (million)
    • Market challenges
  • Market trends
    • Technological advances
    • Product compatibility with IFTTT
      • Table IFTTT for GoGogate 2 smart garage door controller
    • Growing number of smart cities and increase in urbanization
  • Vendor landscape
    • Competitive landscape
    • Key competitive strategies
  • Key vendor analysis
    • The Chamberlain Group
      • Table The Chamberlain Group: Business segmentation 2016
      • Table The Chamberlain Group: Recent developments
    • Garageio
      • Table Garageio: Recent developments
    • GoGogate
      • Table GoGogate: Recent development
    • Nexx Garage
      • Table Working of Nexx Garage door controller
    • Asante
      • Table Asante Garage: Business segmentation
    • Other prominent vendors
      • Table Other prominent vendors in global smart garage door controllers market
  • Appendix
    • List of abbreviations
  • Explore Technavio

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