New research from Memoori reveals information on 284
funding rounds for startup companies, amounting to
around $5.5 billion across the smart buildings sector in
the 16 months since January 2023.
The global smart buildings land-
scape is heavily populated with
new entrants, according to the
research, which identified 1,221
startups founded in the last ten
years that serve the management
and operations phase of com-
mercial real estate. In total 35%
of startups have been acquired
since 2013, and 6% are closed or
inactive.
Smart Building Startups
landscape 2024
In terms of funding for commer-
cial building operations startups,
the analysts found information on
284 funding rounds for startup
companies, amounting to around
$5.5 billion across the smart build-
ings sector in the 16 months since
January 2023. And, with over $2
billion already invested in the first
4 months of 2024, Memoori's re-
searchers believe that the outlook
for investment and alliances with
new entrants this year remains
positive.
Strategic investments from
corporate stakeholders in the built
environment have contributed to
a maturing smart buildings space,
often accompanied by partnership
agreements.
Energy dominates funding in
the commercial building opera-
tion space, with energy hardware,
software, efficiency services, and
distributed energy representing
four of the top six, from the 21
funding areas identified in the
report.
Strategic investments
Strategic corporate investors across
the built environment are playing
an increasingly significant role in
supporting startups in the smart
buildings space. In particular the
new report looks at 14 key players
who are building relationships with
startups, such as established; build-
ing automation players, real estate
service firms, HVAC equipment
companies, and physical security
solution providers. This year's new
additions to the list of strategic cor-
porate investors include; Belimo,
Panasonic, Trane Technologies,
Alarm.com, and Allegion.
Mergers & acquisitions
Strategic M&A has enabled in-
cumbent players across the smart
buildings landscape to augment
their technology offerings with
bolt-on acquisitions and increase
their focus on software solutions
and recurring revenues.
Finally, some consolida-
tion has also occurred due to
distressed asset sales of strug-
gling startups, and, according to
Memoori, some private equity
firms have also taken majority
stakes in new entrants providing
them with growth capital.
$5.5 billion invested in Smart
Building startups since 2023
Strategic corporate investors across the built environment are playing an increasingly
significant role in supporting startups in the smart buildings space.
Stockholm, Sweden
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Security Technology
Market
Delray Beach, Fl (USA)
The global anti-drone market, valued at $2.16 billion in
2024, is expected to reach $7.05 billion by 2029, with a
CAGR of 26.7%, according to Marketsandmarkets.
The demand is driven by increased
government spending, rising
security breaches by unauthorised
drones, and the need for safeguard-
ing critical infrastructure.
Hybrid systems
Hybrid systems, combining electron-
ic, kinetic, and laser technologies, are
projected to hold the largest market
share by 2029 due to their effective-
ness in detecting and neutralising
drone threats over long distances.
Ground-based solutions
Ground-based anti-drone
systems, using radar, IR sensors,
and RF jammers, will repre-
sent a major market segment.
MESA radar, widely used for
counter-UAS protection of criti-
cal infrastructure, is a notable
technology in this sector. Key
providers include Echodyne,
Detect, Meteksan Defense, and
Whitefox Defense.
Regional growth in
the Americas
The Americas will lead the
market, driven by U.S. govern-
ment investments in military
and infrastructure protection.
For example, RTX secured a
$237 million contract in 2023
for counter-UAS systems.
Key players
Leading companies in the anti-
drone market include RTX,
Lockheed Martin, Leonardo
S.p.A., Thales, and IAI.
Anti-drone industry to exceed $7 billion by 2029
Doorbell camera market to hit $4.63 billion by 2030
San Francisco, Ca (USA)
The global doorbell camera market is expected to reach
USD 4.63 billion by 2030, growing at a CAGR of 14.8%
from 2024 to 2030, according to Grand View Research.
Rising security concerns due to
increasing global crime rates drive
this demand.
In 2023, wired doorbell
cameras held a 62.2% market
share due to their constant power
supply. Offline sales led, with
physical stores accounting for the
largest revenue share.
North America captured
around one-third of the market
in 2023. Key players include Assa
Abloy, Hikvision, Ring, Vivint,
and Vtech Communications.