These thermostats are termed as 'smart‘, due to the inherent capabilities of being able to communicate with IoT devices within a smart building, ability to learn with AI capabilities, active geofencing features, reduce energy consumption, and ability to communicate with emerging virtual private assistants.Smart thermostats refer to the devices that allow remote connectivity and can be managed through a handheld device, finding its applications in residential sector. These are the devices that are connected and allow remote connectivity in the consumer sector. Therefore, the non-programmable devices, and the devices used to control the appliance temperature in industrial sector are not made a part of the study scope.

The UAV market is growing at a sharp pace, globally. The use of UAVs are increasing, irrespective of the end use. The UAV industry has grown at such an amazing rate, that it is almost impossible to count or describe all the applications that have become normal practices pertaining to the same. The military segment is now the largest revenue share holder in the market studied, with UAVs being procured aggressively by various militaries, globally. Tec hnological adva nceme nts and the increasing adoption of UAVs for various applications, both in commercial and military, are expected to augment the rapid growth of the market studied.