HOME Top Market Reports Smart Home Market by Product (Lighting Control, Security & Access Control, HVAC, Entertainment & Other Control, Home Healthcare, Smart Kitchen, and Home Appliances), Software & Service (Behavioral, Proactive), and Geography - Global Forecast to 2023

Smart Home Market by Product (Lighting Control, Security & Access Control, HVAC, Entertainment & Other Control, Home Healthcare, Smart Kitchen, and Home Appliances), Software & Service (Behavioral, Proactive), and Geography - Global Forecast to 2023

By: marketsandmarkets.com
Publishing Date: July 2017
Report Code: SE 3172

 

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The global smart home market is expected to be valued at USD 137.91 Billion by 2023, growing at a CAGR of 13.61% between 2017 and 2023.

The years considered for the study are as follows:

  • Base year: 2016
  • Projected year: 2023
  • Forecast period: 2017–2023

The following are the major objectives of the study.

  • To define, describe, and forecast the global smart home market on the basis of application, product, services & software, and geography
  • To analyze the market structure by identifying various sub-segments of the market
  • To forecast the market size of the smart home market, in terms of value, for various segments with respect to four main regions—North America, Europe, APAC, and RoW
  • The qualitative aspect of the technologies and protocol used in smart homes has been studied
  • To strategically analyze the micro-markets with respect to the individual growth trends, future prospects, and contribution to the overall market
  • To identify the major market trends and factors driving or preventing the growth of the smart home market and its various sub-markets
  • To analyze the value chain analysis of the market
  • To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the smart home ecosystem
  • To strategically profile the key players in the smart home market and comprehensively analyze their market shares and core competencies in each segment
  • To analyze competitive developments such as alliances, joint ventures, and mergers and acquisitions in the market

During this research study, the major players operating in the smart home market in various regions have been identified, and their offerings, regional presence, and distribution channels have been analyzed through in-depth discussions. To find the overall market size, top-down and bottom-up approaches have been used. To estimate the sizes of other individual markets, percentage splits obtained from secondary sources such as Hoovers, Bloomberg BusinessWeek, Factiva, and OneSource, along with primary respondents, have been used. The entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) pertaining to the market. The figure below shows the breakdown of the primaries on the basis of the company type, designation, and region, conducted during the research study.

Smart Homes Market

To know about the assumptions considered for the study, download the pdf brochure

The smart home ecosystem includes component manufacturers, device manufacturers, technology providers, software/service providers, smart home system distributors, and end users. The key players operating in the smart home market include Siemens AG (Germany), United Technologies Corporation (US), General Electric Company (US), Schneider Electric (France), Honeywell International, Inc. (US), Ingersoll-Rand PLC (Ireland), Johnson Controls, Inc. (US), ABB Ltd. (Switzerland), Legrand S.A. (France), Samsung Electronics Co., Ltd. (South Korea), Acuity Brands, Inc. (US), Lutron Electronics Co. Inc. (US), and Leviton Manufacturing Company, Inc. (US).

Target Audience:

  • Raw material and manufacturing equipment suppliers
  • Automation & control vendors
  • Automation & control networking technology vendors
  • Real estate builders
  • System integrators
  • Home owners
  • Project consultants
  • Designers/consultants (HVAC, security, and fire & safety)
  • Component manufacturers (sensors & controls)
  • Home management system (products & servers) providers
  • Smart Homes related associations, organizations, forums, and alliances
  • Government bodies associated with green buildings

Report Scope:

Market, by Application:

  • Lighting Control
    • Relays
    • Occupancy Sensors
    • Daylight Sensors
    • Timers
    • Dimmers
    • Switches
    • Lighting Control Accessories and Other Products
  • Security and Access Control
    • Video Surveillance
      • Hardware
        • Security Cameras
        • Storage Devices
        • Monitors
        • Accessories
      • Software/Video Analytics
      • Services
    • Access Control
      • Biometric Access Control
        • Facial Recognition
        • Iris Recognition
        • Fingerprint Recognition
        • Others
      • Non-Biometric Access Control
  • HVAC Control
    • Smart Thermostats
    • Sensors Used in HVAC Applications
    • Control Valves
    • Heating and Cooling Coils
    • Dampers
    • Actuators
    • Pumps & Fans
    • Smart Vents
  • Entertainment And Other Control
    • Audio, Volume, & Multimedia Controls
    • Home Theater System Controls
    • Touchscreens and Keypads
    • Other controls
      • Smart Meters
      • Smart Plugs
      • Smart Hubs
      • Smart Locks
      • Smoke Detectors
  • Home Healthcare
    • Health Status Monitors
    • Physical Activity Monitors
  • Smart Kitchen
    • Smart Coffee Makers
    • Smart Kettles
    • Smart Dish Washers
    • Smart Ovens
    • Smart Cooktops
    • Smart Cookers
  • Home Appliances
    • Smart Refrigerators
    • Smart Washers
    • Smart Water Heaters
    • Smart Vacuum Cleaners
  • Market, by Software and Service:
    • Behavioral
    • Proactive
  • Market, by Region
    • North America
    • Europe
    • Asia Pacific
    • Rest of the World

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix which gives a detailed comparison of the product portfolio of each company

Company Information

  • Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 18)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Products Covered
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 23)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Factor Analysis
           2.3.1 Demand-Side Analysis
                    2.3.1.1 Growing Demand From Real Estate Industry
                    2.3.1.2 Increased Demand for Security and Access Control Products Due to Rising Crime Rate
           2.3.2 Supply-Side Analysis
                    2.3.2.1 Prices of Smart Home Solutions is Expected to Reduce Due to High Growth in Wireless Technologies & Iot
    2.4 Market Breakdown and Data Triangulation
    2.5 Assumptions

3 Executive Summary (Page No. - 35)

4 Premium Insights (Page No. - 41)
    4.1 Attractive Opportunities in the Smart Home Market
    4.2 Smart Home Market, By Application
    4.3 Smart Home Market, By Application and Region
    4.4 Smart Home Market, By Region
    4.5 Smart Home Market, By Software and Service

5 Market Overview (Page No. - 44)
    5.1 Introduction
    5.2 Evolution
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Growth in Internet of Things (IoT)
                    5.3.1.2 Increasing Importance of Home Monitoring From Remote Locations
                    5.3.1.3 Rising Need for Energy Saving and Low Carbon Emission-Oriented Solutions
                    5.3.1.4 Cost Reduction Measures Enabled By Smart Homes
                    5.3.1.5 Rapid Proliferation of Smartphones and Smart Gadgets
                    5.3.1.6 Large Number of Manufacturers Expanding Their Product Portfolios
                    5.3.1.7 Growing Concern About Safety, Security, and Convenience, Among People
           5.3.2 Restraints
                    5.3.2.1 Market is More Convenience-Driven Than Necessity-Driven
                    5.3.2.2 High Cost of Switching for Existing Smart Device Consumers
                    5.3.2.3 Issues Related to Breach in Security and Privacy
           5.3.3 Opportunities
                    5.3.3.1 Favorable Government Regulations to Promote Green Buildings
                    5.3.3.2 Lighting Controllers to Be Incorporated With In-Built Data-Connectivity Technology
                    5.3.3.3 Power-Line Communication Technology to Integrated in Smart Homes
           5.3.4 Challenges
                    5.3.4.1 Linking Disparate Systems, Limited Functionality, and Lack of Open Standards
                    5.3.4.2 Risks of Device Malfunctioning

6 Industry Trends (Page No. - 53)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Supply Chain Analysis
    6.4 Opportunities to Tap in the Smart Home Value Chain
    6.5 Key Industry Trends
    6.6 Timeline of the Smart Home Market
    6.7 Recent Innovation to Boost the Growth of the Smart Home Market

7 Protocols and Technologies Used in Smart Homes (Page No. - 60)
    7.1 Introduction
    7.2 Cellular Network Technologies
           7.2.1 Cdma Networks
           7.2.2 GSM/HSPA Networks
           7.2.3 LTE Networks
    7.3 Protocols & Standards
           7.3.1 Digital Addressable Lighting Interface (DALI)
           7.3.2 KNX
           7.3.3 Digital Multiplexer (DMX)
           7.3.4 Lonworks
           7.3.5 Ethernet
           7.3.6 Modbus
           7.3.7 Building Automation and Control Network (BACNet)
           7.3.8 Black Box
           7.3.9 Power Line Communication (PLC)
    7.4 Wireless Communication Technologies
           7.4.1 ZigBee
           7.4.2 Z-Wave
           7.4.3 Wi-Fi
           7.4.4 Bluetooth
           7.4.5 Enocean
           7.4.6 Thread
           7.4.7 Infrared

8 Smart Home Market, By Application (Page No. - 70)
    8.1 Introduction
    8.2 Lighting Control
           8.2.1 Market Dynamics
                    8.2.1.1 Drivers
                               8.2.1.1.1 Demand for Energy-Efficient Lighting Solutions
                               8.2.1.1.2 Reduction in Costs By Conserving Energy, Thereby Increasing the Shelf Life of Lamps
                    8.2.1.2 Restraints
                               8.2.1.2.1 Compatibility Issues Pose Hurdles in the Path of Lighting Controls
                               8.2.1.2.2 Lack of Awareness About the Benefits of Lighting Controls
                    8.2.1.3 Opportunities
                               8.2.1.3.1 Consumer Perception Undergoing A Paradigm Shift
                               8.2.1.3.2 Mood Lighting Providing A Major Opportunity in Lighting Controls
           8.2.2 Lighting Control, By Product
                    8.2.2.1 Relays
                    8.2.2.2 Occupancy Sensors
                    8.2.2.3 Daylight Sensors
                    8.2.2.4 Timers
                    8.2.2.5 Dimmers
                    8.2.2.6 Switches
                    8.2.2.7 Accessories and Other Products
    8.3 Security and Access Control
           8.3.1 Market Dynamics
                    8.3.1.1 Drivers
                               8.3.1.1.1 Increasing Crime Rates Forcing Home Owners to Enhance Security
                               8.3.1.1.2 Growth of the Market for Smartphones and Tablets to Have A Huge Impact on Residential Security
                               8.3.1.1.3 Multi-Level/Multi-Factor Authentication to Enhance Authentication Processes, Providing High Level of Security
                    8.3.1.2 Restraints
                               8.3.1.2.1 Privacy Issues–Private Information May Get Hacked
                    8.3.1.3 Opportunities
                               8.3.1.3.1 Biometrics Technologies to Be the Future of Security Market
           8.3.2 Security and Access Control, By Product
                    8.3.2.1 Video Surveillance
                               8.3.2.1.1 Hardware
                                             8.3.2.1.1.1 Security Cameras
                                             8.3.2.1.1.2 Storage Devices
                                             8.3.2.1.1.3 Monitors
                                             8.3.2.1.1.4 Accessories
                               8.3.2.1.2 Software/Video Analytics
                               8.3.2.1.3 Services
                    8.3.2.2 Access Control
                               8.3.2.2.1 Biometric Access Control
                                             8.3.2.2.1.1 Facial Recognition
                                             8.3.2.2.1.2 Iris Recognition
                                             8.3.2.2.1.3 Fingerprint Recognition
                                             8.3.2.2.1.4 Others
                               8.3.2.2.2 Non-Biometric Access Control
    8.4 HVAC Control
           8.4.1 Market Dynamics
                    8.4.1.1 Drivers
                               8.4.1.1.1 Flexibility and Ease of Accessing HVAC Systems
                               8.4.1.1.2 Reducing Long-Term Energy Costs Through Efficiency Incompetent Hardware, Integrated Control Systems, and Management Services
                    8.4.1.2 Restraints
                               8.4.1.2.1 Interoperability and Standardization Acts as Major Restraints for HVAC Systems
                               8.4.1.2.2 Lack of Awareness About Benefits of HVAC Systems
                    8.4.1.3 Opportunities
                               8.4.1.3.1 Innovation in Development of Sensors and Controls Expected to Catalyze the Market
           8.4.2 HVAC Control, By Product
                    8.4.2.1 Smart Thermostats
                    8.4.2.2 Sensors
                    8.4.2.3 Control Valves
                    8.4.2.4 Heating and Cooling Coils
                    8.4.2.5 Dampers
                    8.4.2.6 Actuators
                    8.4.2.7 Pumps & Fans
                    8.4.2.8 Smart Vents
    8.5 Entertainment and Other Controls
           8.5.1 Market Dynamics
                    8.5.1.1 Drivers
                               8.5.1.1.1 Changing Lifestyle
                               8.5.1.1.2 Enhanced Comfort
                    8.5.1.2 Restraints
                               8.5.1.2.1 High Costs to Hinder the Growth of Entertainment Systems
                    8.5.1.3 Opportunities
                               8.5.1.3.1 3D Gesture-Based Remote Control to Be the Next Big Thing in Entertainment Controls
           8.5.2 Entertainment Controls, By Product
                    8.5.2.1 Audio, Volume, & Multimedia Room Controls
                    8.5.2.2 Home Theater System Controls
                    8.5.2.3 Touchscreens and Keypads
           8.5.3 Other Controls, By Product
                    8.5.3.1 Smart Meters
                    8.5.3.2 Smart Plugs
                    8.5.3.3 Smart Hubs
                    8.5.3.4 Smart Locks
                    8.5.3.5 Smoke Detectors
    8.6 Home Healthcare
           8.6.1 Market Dynamics
                    8.6.1.1 Drivers
                               8.6.1.1.1 Increasing Awareness About Fitness and Rise in Disposable Incomes in Developing Economies
                               8.6.1.1.2 Changing Demographics to Positively Affect the Home Health Systems
                    8.6.1.2 Restraints
                               8.6.1.2.1 Lack of Awareness and General Healthcare Facilities
                    8.6.1.3 Opportunities
                               8.6.1.3.1 Emerging Smart Wearable Devices Market to Drive Home Healthcare
           8.6.2 Home Healthcare, By Product
                    8.6.2.1 Health Status Monitors
                    8.6.2.2 Physical Activity Monitors
    8.7 Smart Kitchen
           8.7.1 Market Dynamics
                    8.7.1.1 Drivers
                               8.7.1.1.1 Changing Lifestyles and Preferences of Consumers
                    8.7.1.2 Restraints
                               8.7.1.2.1 High Prices of Smart Kitchen Appliances
                    8.7.1.3 Opportunities
                               8.7.1.3.1 Emerging Nations to Drive the Growth of the Smart Kitchen Market in Coming Years
           8.7.2 Smart Kitchen, By Product
                    8.7.2.1 Smart Refrigerators
                    8.7.2.2 Smart Coffee Makers
                    8.7.2.3 Smart Kettles
                    8.7.2.4 Smart Dishwashers
                    8.7.2.5 Smart Ovens
                    8.7.2.6 Smart Cooktops
                    8.7.2.7 Smart Cookers
    8.8 Home Appliances
           8.8.1 Market Dynamics
                    8.8.1.1 Drivers
                               8.8.1.1.1 Availability of Wireless Solutions
                               8.8.1.1.2 Rising Energy Prices Would Increase the Adoption of Smart Appliances
                    8.8.1.2 Restraints
                               8.8.1.2.1 Privacy Concerns Among End Users
                               8.8.1.2.2 Lack of Awareness About Smart Appliances
                    8.8.1.3 Opportunities
                               8.8.1.3.1 Machine to Machine (M2M) Communication to Pave New Growth Avenues
           8.8.2 Home Appliances, By Product
                    8.8.2.1 Smart Washers
                    8.8.2.2 Smart Dryers
                    8.8.2.3 Smart Water Heaters
                    8.8.2.4 Smart Vacuum Cleaners

9 Smart Home Market, By Software & Service (Page No. - 123)
    9.1 Introduction
    9.2 Behavioral
    9.3 Proactive

10 Geographic Analysis (Page No. - 127)
     10.1 Introduction
     10.2 North America
             10.2.1 Regulatory Frameworks
                        10.2.1.1 Associations
                        10.2.1.2 Regulations and Acts
             10.2.2 Us
                        10.2.2.1 US Held the Largest Share of the Smart Home Market in North America in 2016
             10.2.3 Canada
                        10.2.3.1 Canada to Grow at the Highest Rate in the North American Smart Home Market
             10.2.4 Mexico
                        10.2.4.1 Automotive Industry to Drive the Mexican Smart Home Market
     10.3 Europe
             10.3.1 Regulatory Frameworks
             10.3.2 Uk
             10.3.3 Germany
             10.3.4 France
             10.3.5 Rest of Europe
     10.4 APAC
             10.4.1 Regulatory Frameworks
             10.4.2 Japan
             10.4.3 China
     10.5 Rest of the World
             10.5.1 Regulatory Frameworks

11 Competitive Landscape (Page No. - 155)
     11.1 Overview
     11.2 Key Players in the Smart Home Market
     11.3 Competitive Leadership Mapping
             11.3.1 Visionary Leaders
             11.3.2 Dynamic Differentiators
             11.3.3 Innovators
             11.3.4 Emerging Companies
             11.3.5 Strength of Product Portfolio
             11.3.6 Business Strategy Excellence

Top 25 Companies Analyzed for This Study are - Siemens AG (Germany), United Technologies Corporation (US), General Electric Company (US), Schneider Electric (France), Honeywell International, Inc. (US), Ingersoll-Rand PLC (Ireland), Johnson Controls, Inc. (US), ABB Ltd. (Switzerland), Legrand S.A. (France), Samsung Electronics Co., Ltd. (South Korea), Select Comfort Corporation (US), Secom Co., Ltd. (Japan), Philips Lighting N.V. ( Netherlands), Panasonic Corporation (Japan), Lg Electronics Inc. (South Korea), Whirlpool Corporation (US), Control4 Corporation (US), Crestron Electronics, Inc. (US), Leviton Manufacturing Company, Inc. (US), Vivint Smart Home (US), Switchmate Inc. (US), Lutron Electronics Co. Inc. (US), Acuity Brands, Inc. (US), Lifx (US), Nest Labs, Inc. (US)

12 Company Profiles (Page No. - 162)
(Business Overview, Products Offered, Business Strategy, Recent Developments, and MnM View)
     12.1 Introduction
     12.2 Siemens AG
     12.3 United Technologies Corporation
     12.4 General Electric Company
     12.5 Schneider Electric Se
     12.6 Honeywell International, Inc.
     12.7 Ingersoll-Rand PLC
     12.8 Johnson Controls, Inc.
     12.9 ABB Ltd.
     12.10 Legrand S.A.
     12.11 Samsung Electronics Co., Ltd.
     12.12 Acuity Brands, Inc.
     12.13 Lutron Electronics Co., Inc.
     12.14 Leviton Manufacturing Company, Inc.
     12.15 Key Innovators
             12.15.1 Vivint Smart Home
             12.15.2 Select Comfort Corporation
             12.15.3 Switchmate Inc.
             12.15.4 Lifx

*Details on Business Overview, Products Offered, Business Strategy, Recent Developments, and MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 223)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Introducing RT: Real Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Reports
     13.7 Author Details


List of Tables (81 Tables)

Table 1 Average Energy Saving Potential of Lighting Controls
Table 2 Smart Home Market, By Application, 2014–2023 (USD Million)
Table 3 Smart Home Market, By Application, 2014–2023 (Thousand Units)
Table 4 Smart Home for Lighting Control, By Product, 2014–2023 (USD Million)
Table 5 Smart Home for Lighting Control, By Region, 2014–2023 (USD Million)
Table 6 Smart Home for Lighting Control, By Type, 2014–2023 (Thousand Units)
Table 7 Smart Home for Lighting Control, By Region, 2014–2023 (Thousand Units)
Table 8 Smart Home for Security and Access Control, By Product, 2014–2023 (USD Million)
Table 9 Smart Home for Security and Access Control, By Region, 2014–2023 (USD Million)
Table 10 Smart Home for Security and Access Control, By Product, 2014–2023 (Thousand Units)
Table 11 Smart Home for Security and Access Control, By Region, 2014–2023 (Thousand Units)
Table 12 Market for Security and Access Control for Video Surveillance, By Type, 2014–2023 (USD Million)
Table 13 Market for Security and Access Control for Video Surveillance, By Region, 2014–2023 (USD Million)
Table 14 Market for Security and Access Control for Access Control, By Product, 2014–2023 (USD Million)
Table 15 Market for Security and Access Control for Access Control, By Region, 2014–2023 (USD Million)
Table 16 Market for Biometric Access Control, By Product, 2014–2023 (USD Million)
Table 17 Market for Biometric Access Control, By Region, 2014–2023 (USD Million)
Table 18 Market for Non-Biometric Access Control, By Region, 2014–2023 (USD Million)
Table 19 Smart Home Market for HVAC Control, By Product, 2014–2023 (USD Million)
Table 20 Smart Home for HVAC Control, By Region, 2014–2023 (USD Million)
Table 21 Smart Home for HVAC Control, By Product, 2014–2023 (Thousand Units)
Table 22 Smart Home for HVAC Control, By Region, 2014–2023 (Thousand Units)
Table 23 Smart Home Market for Entertainment & Other Controls, By Product, 2014–2023 (USD Million)
Table 24 Smart Home for Entertainment & Other Controls, By Product, 2014–2023 (Thousand Units)
Table 25 Smart Home for Entertainment & Other Controls, By Region, 2014–2023 (USD Million)
Table 26 Smart Home for Entertainment & Other Controls, By Region, 2014–2023 (Thousand Units)
Table 27 Market for Entertainment & Other Controls for Entertainment Control, By Product, 2014–2023 (USD Million)
Table 28 Market for Entertainment & Other Controls for Entertainment Control, By Region, 2014–2023 (USD Million)
Table 29 Market for Entertainment & Other Controls for Other Controls, By Product, 2014–2023 (USD Million)
Table 30 Market for Entertainment & Other Controls for Other Controls, By Product, 2014–2023 (Thousand Units)
Table 31 Market for Entertainment & Other Controls for Other Controls, By Region, 2014–2023 (USD Million)
Table 32 Smart Home Market for Home Healthcare, By Product, 2014–2023 (USD Million)
Table 33 Smart Home for Home Healthcare, By Product, 2014–2023 (Thousand Units)
Table 34 Smart Home for Home Healthcare, By Region, 2014–2023 (USD Million)
Table 35 Market for Home Healthcare, By Region, 2014–2023 (Thousand Units)
Table 36 Smart Home Market for Smart Kitchen, By Product, 2014–2023 (USD Million)
Table 37 Smart Home for Smart Kitchen, By Product, 2014–2023 (Thousand Units)
Table 38 Smart Home for Smart Kitchen, By Region, 2014–2023 (USD Million)
Table 39 Smart Home for Smart Kitchen, By Region, 2014–2023 (Thousand Units)
Table 40 Smart Market for Home Appliances, By Product, 2014–2023 (USD Million)
Table 41 Smart Home Market for Home Appliances, By Product, 2014–2023 (Thousand Units)
Table 42 Smart Home for Home Appliances, By Region, 2014–2023 (USD Million)
Table 43 Smart Home for Home Appliances, By Region, 2014–2023 (Thousand Units)
Table 44 Smart Home for Software and Services, By Type, 2014–2023 (USD Billion)
Table 45 Smart Home Market, By Region, 2014–2023 (USD Million)
Table 46 Smart Home Market, By Region, 2014–2023 (Thousands Units)
Table 47 Smart Home Market in North America, By Country, 2014–2023 (USD Million)
Table 48 Market for Lighting Control in North America, By Product, 2014–2023 (USD Million)
Table 49 Market for Security & Access Control in North America, By Product, 2014–2023 (USD Million)
Table 50 Market for HVAC Control in North America, By Product, 2014–2023 (USD Million)
Table 51 Market for Entertainment & Other Controls in North America, By Product, 2014–2023 (USD Million)
Table 52 Market for Entertainment Control in North America, By Product, 2014–2023 (USD Million)
Table 53 Market for Other Controls in North America, By Product, 2014–2023 (USD Million)
Table 54 Market for Home Healthcare in North America, By Product, 2014–2023 (USD Million)
Table 55 Market for Smart Kitchen in North America, By Product, 2014–2023 (USD Million)
Table 56 Market for Smart Home Appliances in North America, By Product, 2014–2023 (USD Million)
Table 57 Smart Home Market in Europe, By Country/Region, 2014–2023 (USD Million)
Table 58 Market for Lighting Control in Europe, By Product, 2014–2023 (USD Million)
Table 59 Market for Security & Access Control in Europe, By Product, 2014–2023 (USD Million)
Table 60 Market for HVAC Control in Europe, By Product, 2014–2023 (USD Million)
Table 61 Market for Entertainment & Other Controls in Europe, By Product, 2014–2023 (USD Million)
Table 62 Market for Home Healthcare in Europe, By Product, 2014–2023 (USD Million)
Table 63 Market for Smart Kitchen in Europe, By Product, 2014–2023 (USD Million)
Table 64 Market for Smart Home Appliances in Europe, By Product, 2014–2023 (USD Million)
Table 65 Smart Home Market in APAC, By Country/Region, 2014–2023 (USD Million)
Table 66 Market for Lighting Control in APAC, By Product, 2014–2023 (USD Million)
Table 67 Market for Security & Access Control in APAC, By Product, 2014–2023 (USD Million)
Table 68 Market for HVAC Control in APAC, By Product, 2014–2023 (USD Million)
Table 69 Market for Entertainment & Other Controls in APAC, By Product, 2014–2023 (USD Million)
Table 70 Market for Home Healthcare in APAC, By Product, 2014–2023 (USD Million)
Table 71 Market for Smart Kitchen in APAC, By Product, 2014–2023 (USD Million)
Table 72 Market for Smart Home Appliances in APAC, By Product, 2014–2023 (USD Million)
Table 73 Smart Home Market in RoW, By Region, 2014–2023 (USD Million)
Table 74 Market for Lighting Control Market in RoW, By Product, 2014–2023 (USD Million)
Table 75 Market for Security & Access Control in RoW, By Product, 2014–2023 (USD Million)
Table 76 Market for HVAC Control in RoW, By Product, 2014–2023 (USD Million)
Table 77 Market for Entertainment & Other Controls in RoW, By Product, 2014–2023 (USD Million)
Table 78 Market for Home Healthcare in RoW, By Product, 2014–2023 (USD Million)
Table 79 Market for Smart Kitchen in RoW, By Product, 2014–2023 (USD Million)
Table 80 Market for Smart Home Appliances in RoW, By Product, 2014–2023 (USD Million)
Table 81 Rating of Top 5 Players in the Smart Home Market, 2016


List of Figures (65 Figures)

Figure 1 Market Segments
Figure 2 Smart Home Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Estimated Size of the Global Real Estate Market (USD Trillion)
Figure 6 Top 10 Countries With Higher Crime Rates
Figure 7 Growth in Wireless Technologies Expected to Impact Supply Side
Figure 8 Smart Home Market: Data Triangulation
Figure 9 Snapshot of the Smart Home Market (USD Billion), 2014–2023
Figure 10 Entertainment & Other Control Application to Hold the Largest Market During the Forecast Period
Figure 11 Video Surveillance to Hold A Larger Share of the Smart Home Market for Security and Access Control By 2023
Figure 12 Other Control to Hold A Larger Share of the Smart Home Market for Entertainment & Other Control By 2023
Figure 13 Smart Home Market, 2016
Figure 14 Smart Home Market to Grow at A Significant Rate Between 2017 and 2023
Figure 15 Entertainment and Other Control Application to Hold the Largest Share of the Smart Home Market By 2023
Figure 16 North America to Hold the Largest Share of the Smart Home Market in 2016
Figure 17 Smart Home Market in APAC to Grow at the Highest Rate During Forecast Period
Figure 18 Proactive Type to Hold A Larger Share of the Smart Home Market for Software and Services By 2023
Figure 19 Evolution of Smart Homes
Figure 20 Drivers, Restraints, Opportunities, and Challenges Pertaining to the Smart Home Market
Figure 21 Value Chain Analysis: Major Value Added During the Devices Manufacturers and Technology and Service Providers Stages
Figure 22 Supply Chain of Major Players in the Smart Home Market
Figure 23 Key Industry Trends in the Smart Home Market
Figure 24 Developments in the Smart Home Market, 2014–2016
Figure 25 Smart Home Protocols & Technologies
Figure 26 A Simple GSM/HSPA Network Set-Up
Figure 27 Wiring for DALI Fluorescent Dimming
Figure 28 Lonworks Network Setup
Figure 29 Wireless Communication Technologies
Figure 30 Smart Home Market, By Application
Figure 31 Different Types of Lighting Control Products
Figure 32 Occupancy Sensors to Lead the Market for Lighting Control By 2023
Figure 33 North America to Lead the Market for Lighting Control in 2017
Figure 34 Different Types of Security Control Products
Figure 35 Video Surveillance to Hold the Larger Size of the Market for Security and Access Control in 2017
Figure 36 Hardware to Hold the Largest Size of the Market for Video Surveillance By 2023
Figure 37 Fingerprint Recognition to Hold the Largest Share of the Market for Biometric Access Control By 2023
Figure 38 Different Types of HVAC Control Products
Figure 39 Different Types of Entertainment Controls
Figure 40 Types of Other Control Products
Figure 41 Home Healthcare, By Product
Figure 42 Types of Smart Kitchen Products
Figure 43 North America Held the Largest Size of the Market for Smart Kitchen in 2016
Figure 44 Market for Smart Kitchen in North America Registered the Highest Shipment in 2016
Figure 45 Types of Home Appliance Products
Figure 46 North America Held the Largest Share of the Market for Home Appliances in 2016
Figure 47 Smart Home Market, By Software & Service
Figure 48 Proactive Type Software & Services to Hold the Largest Share of the Smart Home Market By 2023
Figure 49 Smart Home Market: Geographic Snapshot (2017–2023)
Figure 50 Snapshot of the Smart Home in North America
Figure 51 Snapshot of the Smart Home in Europe
Figure 52 Snapshot of the Smart Home in APAC
Figure 53 Companies Adopted Product Launches Mergers & Acquisitions as Key Growth Strategies Between 2014 and 2017
Figure 54 Geographic Revenue Mix of Top 5 Players, 2016
Figure 55 Siemens AG: Company Snapshot
Figure 56 United Technologies Corporation: Company Snapshot
Figure 57 General Electric Company: Company Snapshot
Figure 58 Schneider Electric Se: Company Snapshot
Figure 59 Honeywell International Inc.: Company Snapshot
Figure 60 Ingersoll-Rand PLC: Company Snapshot
Figure 61 Johnson Controls, Inc.: Company Snapshot
Figure 62 ABB Ltd.: Company Snapshot
Figure 63 Legrand S.A.: Company Snapshot
Figure 64 Samsung Electronics Co., Ltd.: Company Snapshot
Figure 65 Acuity Brands, Inc.: Company Snapshot

The market for smart homes was valued at USD 54.97 Billion in 2016 and is expected to grow at a CAGR of 13.61% between 2017 and 2023. The key drivers contributing to the growth of this market include significant advancements in the IoT market; increasing need of the consumer for convenience, safety, and security; and rising need for energy saving and low carbon emission-oriented solutions.

The smart home market, on the basis of product, has been segmented into lighting control, security & access control, HVAC control, entertainment & other controls, home healthcare, smart kitchen, and home appliances. Lighting control held the largest share of the smart home in 2016. The growth of this market can be attributed to the capability of lighting control to reduce electricity consumption in homes as the sensors adjust the intensity of artificial light according to the intensity of natural light. Entertainment has become an important part of life as it provides relaxation and rejuvenation. The most important feature of entertainment control is the ability to integrate multi-room entertainment systems. The major controls used to control and regulate the entertainment systems in smart homes are audio, volume, and multimedia room controls. The growth of the market for audio, volume, & multimedia room controls is driven by the convenience offered by these controls for managing as well controlling the entertainment systems within a house. The advancements in wireless communication technologies is a major factor boosting the growth of the market for home theater system controls, thereby driving the overall market for entertainment controls.

North America held the largest share of the global smart home market in 2016, owing to the factors such as increasing demand for reliable home energy management systems, enhanced home security levels, and growing popularity of integration of smart devices such as tablets and smartphones in smart home solutions. The smart home in Asia Pacific is expected to grow at the highest rate during the forecast period. actors such as the strong economic growth, increasing population and improving standards of living, and rapid urbanization leading to a sophisticated infrastructure are driving the growth of the market in this region. South Korea held the largest size of the smart home in APAC in 2016. However, with the growth of the smart home industry and large-scale implementation of smart home system hardware and software solutions in China and Japan, the market in these countries is expected to grow at a higher rate than the market in South Korea during the forecast period. APAC is considered as a huge market for smart homes because of the considerable rate of implementation of various products such as lighting controls and HVAC controls in the region.

Smart Homes Market

Several smart home products have reached their maturity stage in certain regions. Most of the residents in regions such as Europe and North America have been using smart thermostats, smart meters, HVAC controls, and lighting controls for a long time. As the switching cost of these products is high, consumers do not replace them soon after installation. This acts as a restraint for the market growth.

Some of the major companies profiled in the report are Siemens AG (Germany), United Technologies Corporation (US), General Electric Company (US), Schneider Electric (France), Honeywell International, Inc.  (US), Ingersoll-Rand PLC (Ireland), Johnson Controls, Inc.  (US), ABB Ltd.  (Switzerland), Legrand S.A. (France), Samsung Electronics Co., Ltd. (South Korea), Acuity Brands, Inc. (US),  Lutron Electronics Co. Inc. (US), and Leviton Manufacturing Company, Inc. (US). The products and solutions offered by Siemens AG (Germany) are preferred by various service providers and homeowners worldwide. This company is also focusing on strategic partnerships, collaborations, and product launches to grow in the market. It is also attempting to increase its sales and operations in developing economies such as China and India. Moreover, the company is concentrating on enhancing its product portfolio by actively engaging with customers to design and offer innovative products according to their requirements. All these efforts would help the company sustain its competitive position in the market in the near future

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Forecasting all segments in Global Smart Homes Market to 2023.

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