European Smart Home Market by Product (Lighting Controls, Security & Access Controls, HVAC Controls, Smart Speakers, Smart Kitchens, Home Appliances, Home Healthcare), Software & Service (Proactive, Behavioral) and Geography - Global Forecast to 2027
[333 Pages Report] The European smart home market, in the current year (2022), is expected to have a market size of USD 26.7 billion and can reach up to USD 41.2 billion by 2027, the end of 5 year forecast period at a market growth of 9.0% rate.
The driving factors which fuel the market’s growth are - growing internet access in European region, rising need for energy saving and low-carbon emission-oriented solutions, increasing number of manufacturers expanding their smart home product portfolios, ongoing proliferation of smartphones, surging importance of home monitoring, and increasing safety, security, and convenience offered by smart home products are driving need for them.
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COVID-19 Impact
The COVID-19 pandemic has severely impacted the growth of the global European smart home industry. Global sales of European smart home products are expected to decline by 5–10% in 2020, depending upon the progression of the virus in different parts of the world. The decline in the number of new construction projects and the temporary shutdown of manufacturing facilities are some of the factors hampering the growth of the European smart home market. However, the limited short-term adoption of European smart homes and the supply chain disruptions are expected to affect the growth of the market in the region.
European Smart Home Market Dynamics
Driver: Increasing safety, security, and convenience offered by smart home products are driving need for them
The convenience provided by smart home products and services let smart home inhabitants live a more comfortable existence. The most basic and prominent smart house feature is environmental control. The capacity to remotely regulate or automatically schedule house components such as thermostats, ventilators, lighting equipment, kitchen appliances, and different domestic appliances is included in environmental control. It offers simple administration of home surroundings, significantly lowering domestic work and providing occupants with comfort. Smart home safety services can help people control their house's security and prevent mishaps. Security services, for example, monitor movements in the home to identify prospective burglars or to warn of open doors and windows.
With the increasing urbanization and globalization, as well as an increase in crime rates, the need for smart security systems is expanding. The prevalence of burglary is a significant motivator of security device adoption. Security cameras, door locks, motion sensors, and smoke sensors are examples of smart home security devices that are digitally connected and operated for burglar prevention and other security concerns. Unlike traditional security systems, smart home devices can be controlled remotely via smartphone applications, giving owners peace of mind when they are not at home. They will be alerted quickly if a possible danger is recognized and will then take steps to limit the damage.
Smart homes are increasingly being adopted for security reasons. A recent study by the Society for the Promotion of Consumer Electronics, which provides trends and developments in the industry, states that 13% of Britons are already using apps that allow smart cameras to stream photos from their home, house, or yard to their smartphone or tablet. Smart sensors, such as motion and smoke detectors, as well as those that detect an open window or door, are popular. Smart sensors are now used by 12% of homes in Germany and 11% of households in the UK. This penetration of security solutions offers significant potential for their increased adoption due to the rising awareness and the utility the smart home provides for a secured home.
Restraint: Smart home products are adopted for convenience rather than for necessity
Smart homes provide ease and sophisticated measures for controlling numerous electrical gadgets in the home. Smart home products are mostly not adopted for their energy efficiency but rather for easing daily routines. Several issues have been raised concerning smart home technology's exclusivity; that the technology is viewed as a luxury that is only attainable to a specific affluent stratum of the society. Several people are still unaware of the cost and energy savings offered by these systems. Furthermore, customers must invest in additional tools such as displays, software, sensors, and analytical solutions to implement comprehensive home automation. The ordinary homeowner is frequently hesitant to understand the knowledge and processes required for hardware installation and operation. As a result, issues such as perceived utility and simplicity of use of the system by homeowners may have a negative impact on the market. Apart from do-it-yourself (DIY) home automation solutions, homeowners who hire service providers to monitor and operate their smart home goods on a contract basis must pay a monthly or annual maintenance fee, which may be out of reach for the ordinary homeowner. A study published in the International Journal of Design concluded that, firstly, automation is not a game-changer for customers who expect autonomous smart household products to have a purpose other than boosting their comfort.
Opportunity: Favorable government regulations
In the EU’s strategic energy technology plan, smart homes are one of the ten core areas. The commission’s goal is to encourage innovative solutions that help consumers and governments improve their energy use by utilizing smart grid services via a more interactive/smart system. The designing of any green building involves finding a balance between homebuilding and a sustainable environment. As it reduces the consumption of energy and the proliferation of environmental wastes, governments across the world have been supporting the concept of green buildings through various initiatives. The governments of European countries have also been taking initiatives to adopt energy efficiency measures across the region. As a part of the EU (European Union) Green Deal, the European Commission has set a target to make Europe a climate-neutral continent by 2050. To achieve the target the EU is focusing on sustainable building and energy performance of the buildings to reduce the carbon footprint. The EU also issued a directive to member states, the “New Energy Performance in Building,” to promote sustainable buildings.
Challenge: Linking disparate systems, limited functionalities, and lack of open standards
Currently, the European smart home market is fragmented, as several competing manufacturers are developing smart home systems with different technologies. It is easy to integrate devices made by the same manufacturer or vendor; however, it is difficult to integrate disparate systems offered by manufacturers or vendors. Integrating devices from disparate vendors often result in limited functionality and unreliable services. Furthermore, several systems in the market have complex interfaces that limit the functionality of smart home systems. Hence, the issues associated with linking disparate systems are a major challenge faced by smart home devices and control manufacturers.
Smart home device manufacturers are focusing on the development of open protocol devices with the BACnet or LonMark interoperability, as these two are the only open standard protocols for communications. However, in the new world of convergence, systems that assert to offer interoperability and match industry standards need to provide connectivity with other equipment that can integrate seamlessly into the network. The BACnet and LonMark interoperability alone cannot ensure total enterprise information compatibility and interoperability.
Wireless communication among various devices at a smart home is facilitated by ZigBee, EnOcean, Z-wave, and Wi-Fi technologies. ZigBee is widely used by system manufacturers for wireless communication. Every manufacturer is now looking forward to proprietary protocols and standards to gain a competitive advantage in the market. This intense competition in the market is leading to a lack of developments in common standards and communication protocols, thereby hampering the growth of the market in Europe.
For European smart home market, the entertainment & other control market share is the maximum in the base year and projected year i.e. 2021 and 2022
The changing consumer lifestyle and growing inclination toward luxurious entertainment systems such as home theaters have spurred the market for entertainment controls. Besides this, increasing per capita income in developed and developing nations is another reason that has influenced the growth of this market. Entertainment provides a perfect solution to overcome problems such as rising stress and anxiety levels. The impact of changing lifestyles on the entertainment control market is expected to remain high in the future due to the rising issues related to stress and anxiety among individuals, in addition to the inclination toward luxurious items and hegemonic lifestyles. There has been an increase in consumer spending regarding entertainment products due to factors such as rising disposable income, development of innovative entertainment solutions from manufacturers, declining prices of entertainment products in recent years, and an increase in the tech-savvy urban population in developing countries.
For software & service segmentation of European smart home market, the proactive software to register higher growth rate during forecast period i.e. 2021 and 2022.
Proactive software and services are specifically designed to enable consumers to understand energy patterns and take effective measures to reduce energy consumption, some advanced algorithms can be used by end users to send feedback to ensure that recommendations sent by proactive software and services are true and useful. This enables users and service companies to evaluate the functionality and reliability of their smart homes. Several proactive software and services use displays and web software packages to provide additional information such as energy usage patterns and household baseline energy usage, as well as send alarms to consumers and conduct goal tracking for them. Compared to behavioral software, proactive software helps in early problem detection; devices can also be constantly monitored, and responses generated automatically.
European smart home market to have large market share in the UK in 2021.
In the base year i.e., 2021, the market share for European smart home in the UK was large due to the fact that the UK is highly competitive in the engineering and technology market, with the increasing disposable incomes of the population. The lowered cost of mobile broadband connection and increasing cloud infrastructure adoption are the factors boosting the demand for smart home products in the UK. The UK is well placed to be among the emerging world leaders in reaping the benefits of IoT technologies and services. The UK has high growth potential on the supply side (high technology manufacturing, telecommunications, and digital services) and the demand side (healthcare and social care, transport, retail, and utilities). The UK has a world-class digital infrastructure, a positive regulatory environment, and a record of adapting to emerging technologies.
COVID-19 has halted production, plunged sales, and forced key players in the European smart home market to buckle up and rethink plans. In the European smart home industry, factors such as rescheduling the launch of models and projects, stabilizing dealer networks, tightly managing cash flow, and reviewing investment portfolios affected the production and sales of smart home products; this resulted in a decline in the market size in 2021. Major countries with a large market share have been negatively impacted by the pandemic, subsequently reducing the adoption of smart home products in Europe. Nevertheless, the European smart home market is expected to witness a significant boost during the forecast period. In the realistic scenario, it is assumed that the health and economic responses are helping economies bounce back in 2022. It is expected to be a U-shaped economic recovery, with gradual improvement in the global economy. In this scenario, the market is expected to recover in 2022, fully recover by 2023, and grow considerably during the review period.
European smart home market Snapshot: UK has the largest market share in 2021
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Key Market Players
The European smart home market is dominated by a few globally established players such as Honeywell (US), Siemens (Germany), Johnson Controls (Ireland), Schneider Electric (France), ASSA ABLOY (Sweden), Amazon (US), Apple (US), ADT (US), Robert Bosch (Germany), ABB (Switzerland), and Axis Communications (Sweden).
These companies have adopted both organic and inorganic growth strategies such as product launches and developments, partnerships, contracts, expansions, and acquisitions to strengthen their position in the market.
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Report Metric |
Details |
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Market Size Available for Years |
2018-2027 |
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Base Year |
2021 |
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Forecast Period |
2022–2027 |
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Forecast Unit |
Value (USD Million/Billion) |
|
Segments Covered |
By Product, By Software & Service, By Sales Channel, By Country |
|
Geographic Regions Covered |
Europe |
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Companies Covered |
The major players include Honeywell (US), Siemens (Germany), Johnson Controls (Ireland), Schneider Electric (France), ASSA ABLOY (Sweden), Amazon (US), Apple (US), ADT (US), Robert Bosch (Germany), ABB (Switzerland), and Axis Communications (Sweden) (Total 25 companies) |
This report categorizes the European smart home market based on product, software & service, sales channel, and region available at the regional and country level.
By Product
- Lighting Controls
- Relays
- Occupancy Sensors
- Daylight Sensors
- Timers
- Dimmers
- Switches
- Accessories & Other Products
- Security & Access Controls
- Video Surveillance Systems
- Access Control Systems
- HVAC Controls
- Smart Thermostats
- Sensors
- Control Valves
- Heating & Cooling Coils
- Dampers
- Actuators
- Pumps & Fans
- Smart Vents
- Entertainment & Other Controls
- Entertainment Control Products
- Audio & Volume Controls
- Home Theater System Controls
- Touchscreens & Keypads
- Other Controls
- Smart Meters
- Smart Plugs
- Smart Hubs
- Smart Locks
- Smoke Detectors
- Entertainment Control Products
- Smart Speakers
- Home Healthcare
- Health Status Monitors
- Physical Activity Monitors
- Smart Kitchens
- Smart Refrigerators
- Smart Coffee Makers
- Smart Kettles
- Smart Dishwashers
- Smart Ovens
- Smart Cooktops
- Smart Cookers
- Home Appliances
- Smart Washers
- Smart Dryers
- Smart Water Heaters
- Smart Vacuum Cleaners
- Smart Furniture
- Smart Tables
- Smart Desks
- Smart Stools & Benches
- Smart Sofas
- Smart Chairs
By Software & Service:
- Behavioral
- Proactive
By Sales Channel
- Direct Sales
- Indirect Sales
By Region
- Europe
- UK
- Germany
- France
- Italy
- Rest of Europe
Recent Developments
- In April 2022, Siemens has introduced the PXC7 to its Desigo line to provide the optimum operation of small and medium-sized buildings. Users can now program heating, ventilation, and air conditioning (HVAC) applications for larger buildings with this new feature. The Desigo PXC7 controller assists system integrators in offering a comprehensive automation solution due to its simpler integration features. The controller includes cloud connectivity, allowing users to do maintenance chores remotely, allowing for faster response and reducing travel time and expenses, as well as extra services throughout the building's life The Desigo PXC7 introduces the new standard communication protocol BACnet Secure Connect to the new series of PXC controllers, which is critical for securing linked building automation systems and defending them against cyber threats.
- In April 2022, Johnson Controls acquired Security Enhancement Systems, a provider of mobile-based, keyless access control solutions used in critical infrastructure, including telecommunication towers. The acquisition allows Johnson Controls to own the full experience of service providers gaining safe and simplified access to remote sites and key infrastructures. Customers will benefit from a single, trusted supplier for corporate and other security solutions. The integration of mobile, Cloud, and on-premises technologies by Security Enhancement Systems provides a comprehensive solution for multi-site security. Security Enhancement Systems has pioneered highly efficient and adaptable locking systems for remote sites with different security requirements for perimeter control, equipment, shelters, and other critical assets for telecommunications, utilities, transportation, and data centers.
- In March 2022, ASSA ABLOY acquired JOTEC Service & Vertriebsges. mbH, a regionally prominent industrial door distributor and service provider in Germany. JOTEC's strong offering of entrance automation, a well-developed service business, and a large customer base will benefit ASSA ABLOY.
- In September 2021, Souq.com is relaunching as Amazon.eg, a specialized online shop for Egyptian clients. Amazon.eg will provide customers with a great shopping experience by offering low prices, a wide selection, easy payment, and fast and reliable delivery of millions of items from local and international brands across a variety of categories such as electronics, apparel, home and kitchen, grocery, and Amazon products and devices such as Kindle e-readers.
- In February 2021, Honeywell announced a new user-friendly air monitor that alerts users when indoor air conditions may present an increased risk of potentially transmitting airborne viruses in schools, restaurants, and other spaces. The Honeywell Transmission Risk Air Monitor is a portable, easy-to-deploy device that monitors carbon dioxide and has a patented risk alerting system based on user-selected activity levels in a space. This notifies consumers when it is time to proactively enhance indoor air quality, which, according to the Centre for Disease Control and Prevention, can help prevent the spread of certain diseases and the risk of exposure among building inhabitants.
Frequently Asked Questions (FAQ):
What is the current size of the European smart home market?
The European smart home market is projected to grow from USD 26.7 billion in 2022 to USD 41.2 billion by 2027; it is expected to grow at a CAGR of 9.0% from 2022 to 2027.
Who are the key players in the European smart home market?
Companies such as Honeywell (US), Siemens (Germany), Johnson Controls (Ireland), Schneider Electric (France), ASSA ABLOY (Sweden), Amazon (US), Apple (US), ADT (US), Robert Bosch (Germany), ABB (Switzerland), and Axis Communications (Sweden). These companies cater to the requirements of their customers by providing advanced smart home products and software/applications with a presence in multiple countries.
What is the COVID-19 impact on European smart home product suppliers?
The COVID-19 pandemic has severely impacted the growth of the global European smart home industry. Global sales of European smart home products are expected to decline by 5–10% in 2020, depending upon the progression of the virus in different parts of the world. The decline in the number of new construction projects and the temporary shutdown of manufacturing facilities are some of the factors hampering the growth of the European smart home market. However, the limited short-term adoption of European smart homes and the supply chain disruptions are expected to affect the growth of the market in the region.
What are the opportunities for the existing players and for those who are planning to enter various stages of the European smart home value chain?
There are various opportunities for the existing players to enter the value chain of European smart home industry. Some of these include favorable government regulations, expected incorporation of lighting controllers with in-built data connectivity technology, and use of smart home products for geriatric applications .
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 37)
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 INCLUSIONS AND EXCLUSIONS
1.4 STUDY SCOPE
1.4.1 MARKET SEGMENTATION
FIGURE 1 EUROPEAN SMART HOME MARKET SEGMENTATION
1.4.2 PRODUCTS COVERED UNDER EACH MAJOR CATEGORY
1.5 YEARS CONSIDERED
1.6 CURRENCY
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 42)
2.1 RESEARCH DATA
FIGURE 2 EUROPEAN SMART HOME MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Primary interviews with experts
2.1.2.2 List of key primary interview participants
2.1.2.3 Breakdown of primary interviews
2.1.2.4 Key data from primary sources
2.1.2.5 Key industry insights
2.2 MARKET SIZE ESTIMATION
FIGURE 3 EUROPEAN SMART HOME MARKET: PROCESS FLOW OF MARKET SIZE ESTIMATION
2.2.1 TOP-DOWN APPROACH
2.2.1.1 Approach for capturing market size by top-down analysis (supply side)
FIGURE 4 TOP-DOWN APPROACH: MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 SUPPLY SIDE
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 - SUPPLY SIDE
2.2.2 BOTTOM-UP APPROACH
2.2.2.1 Approach for capturing market size by bottom-up analysis (demand side)
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 - DEMAND SIDE
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 7 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
TABLE 1 ASSUMPTIONS FOR RESEARCH STUDY
2.5 LIMITATIONS
2.6 RISK FACTORS
3 EXECUTIVE SUMMARY (Page No. - 53)
FIGURE 8 EUROPEAN SMART HOME MARKET, 2018–2027 (USD BILLION)
3.1 EUROPEAN SMART HOME MARKET SCENARIO
FIGURE 9 GROWTH PROJECTIONS FOR EUROPEAN SMART HOME MARKET IN REALISTIC, OPTIMISTIC, AND PESSIMISTIC SCENARIOS
3.1.1 REALISTIC SCENARIO
3.1.2 PESSIMISTIC SCENARIO
3.1.3 OPTIMISTIC SCENARIO
FIGURE 10 ENTERTAINMENT & OTHER CONTROLS TO HOLD LARGEST SHARE OF EUROPEAN SMART HOME MARKET IN 2027
FIGURE 11 BEHAVIORAL SOFTWARE & SERVICES SEGMENT TO HOLD LARGEST SHARE OF EUROPEAN SMART HOME MARKET IN 2027
FIGURE 12 GERMANY ACCOUNTED FOR LARGEST SHARE OF EUROPEAN SMART HOME MARKET IN 2022
4 PREMIUM INSIGHTS (Page No. - 58)
4.1 ATTRACTIVE OPPORTUNITIES IN EUROPEAN SMART HOME MARKET
FIGURE 13 GROWING AWARENESS ABOUT ENERGY CONSERVATION PROVIDING ATTRACTIVE OPPORTUNITIES IN EUROPEAN SMART HOME MARKET
4.2 EUROPEAN SMART HOME MARKET, BY PRODUCT
FIGURE 14 ENTERTAINMENT & OTHER CONTROLS SEGMENT TO HOLD LARGEST SHARE OF EUROPEAN SMART HOME MARKET DURING FORECAST PERIOD
4.3 EUROPEAN SMART HOME MARKET, BY PRODUCT AND COUNTRY
FIGURE 15 UK AND ENTERTAINMENT & OTHER CONTROLS SEGMENT HELD LARGEST SHARES OF EUROPEAN SMART HOME MARKET IN 2021
4.4 COUNTRY-WISE EUROPEAN SMART HOME MARKET GROWTH
FIGURE 16 SMART HOME MARKET IN GERMANY TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
5 MARKET OVERVIEW (Page No. - 60)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 17 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Growing internet access in European region
FIGURE 18 INTERNET ACCESS OF HOUSEHOLDS IN EU
5.2.1.2 Rising need for energy saving and low-carbon emission-oriented solutions
TABLE 2 ENERGY-SAVING POTENTIAL OF LIGHTING CONTROLS
5.2.1.3 Increasing number of manufacturers expanding their smart home product portfolios
5.2.1.4 Ongoing proliferation of smartphones
5.2.1.5 Surging importance of home monitoring
5.2.1.6 Increasing safety, security, and convenience offered by smart home products
5.2.2 RESTRAINTS
5.2.2.1 High switching costs for existing smart device consumers
5.2.2.2 Smart home products are adopted for convenience rather than for necessity
5.2.2.3 High up-front costs
5.2.2.4 Complexities and glitches in setting up smart homes
5.2.3 OPPORTUNITIES
5.2.3.1 Favorable government regulations
5.2.3.2 Expected incorporation of lighting controllers with in-built data connectivity technology
5.2.3.3 Use of smart home products for geriatric applications
5.2.4 CHALLENGES
5.2.4.1 Linking disparate systems, limited functionalities, and lack of open standards
5.2.4.2 Cybersecurity concerns of smart homes
5.2.4.3 Difficulty in installing smart home products in existing homes and new constructions
5.2.4.4 Compatibility issues of smart home products
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
FIGURE 19 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES RELATED TO EUROPEAN SMART HOME MARKET
5.4 EUROPEAN SMART HOME: ECOSYSTEM
TABLE 3 EUROPEAN SMART HOME: ECOSYSTEM
5.5 TECHNOLOGY ANALYSIS
5.5.1 INTERNET OF THINGS
5.5.2 ARTIFICIAL INTELLIGENCE
5.5.3 CLOUD CONNECTIVITY
5.5.4 ROBOTICS AND AUTOMATION
5.5.5 5G TECHNOLOGY
5.6 VALUE CHAIN ANALYSIS
FIGURE 20 EUROPEAN SMART HOME MARKET: VALUE CHAIN ANALYSIS
5.6.1 PLANNING AND REVISING FUNDS
5.6.2 RESEARCH & DEVELOPMENT
5.6.3 MANUFACTURING
5.6.4 ASSEMBLY, DISTRIBUTION, AND AFTER-SALES SERVICES
5.7 PATENT ANALYSIS
TABLE 4 NUMBER OF PATENTS REGISTERED RELATED TO EUROPEAN SMART HOME MARKET IN LAST 10 YEARS
FIGURE 21 TOP 10 COMPANIES WITH HIGHEST NUMBERER OF PATENT APPLICATIONS IN LAST 10 YEARS
FIGURE 22 PATENTS GRANTED PER YEAR, 2011–2021
5.8 REGULATORY LANDSCAPE
5.8.1 STANDARDS
5.8.2 REGULATIONS
5.9 TRADE DATA
5.9.1 EXPORT DATA
TABLE 5 EXPORT DATA FOR BURGLAR/FIRE ALARMS (HS CODE 853110), BY COUNTRY/REGION, 2017–2020 (USD MILLION)
TABLE 6 EXPORT DATA FOR THERMOSTATS (HS CODE 903210), BY COUNTRY/REGION, 2017–2020 (USD MILLION)
5.9.2 IMPORT DATA
TABLE 7 IMPORT DATA FOR BURGLAR/FIRE ALARMS (HS CODE 853110), BY COUNTRY/REGION, 2017–2020 (USD MILLION)
TABLE 8 IMPORT DATA FOR THERMOSTATS (HS CODE 903210), BY COUNTRY/REGION, 2017–2020 (USD MILLION)
5.10 CASE STUDY ANALYSIS
5.10.1 JOHNSON CONTROLS’ ENERGY SAVING SOLUTIONS FOR MORGAN STANLEY UK OFFICE
5.10.2 SMART HOMES FOR GERIATRIC POPULATION IN ITALY
5.10.3 INSTALLATION OF BUILDING AUTOMATION SYSTEMS IN CATANIA AIRPORT
5.10.4 SIEMENS’ INTEGRATED SOLUTIONS TO REDUCE ENERGY CONSUMPTION OF LOUIS VUITTON MUSEUM, PARIS
5.10.5 HONEYWELL’S VIDEO MONITORING SOLUTIONS FOR IRELAND’S TALLEST BUILDING
5.11 KEY CONFERENCES & EVENTS IN 2022–2023
5.12 PORTER’S FIVE FORCES ANALYSIS
TABLE 9 IMPACT OF PORTER’S FIVE FORCES ON EUROPEAN SMART HOME MARKET
5.12.1 INTENSITY OF COMPETITIVE RIVALRY
5.12.2 BARGAINING POWER OF SUPPLIERS
5.12.3 THREAT OF NEW ENTRANTS
5.12.4 THREAT OF SUBSTITUTES
5.12.5 BARGAINING POWER OF BUYERS
5.13 KEY STAKEHOLDERS & BUYING CRITERIA
5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 23 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 PRODUCTS
TABLE 10 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 PRODUCTS (%)
5.13.2 BUYING CRITERIA
FIGURE 24 KEY BUYING CRITERIA FOR TOP 3 PRODUCTS
TABLE 11 KEY BUYING CRITERIA FOR TOP 3 PRODUCTS
5.14 AVERAGE SELLING PRICE OF VARIOUS DEVICES/APPLIANCES CONSIDERED IN EUROPEAN SMART HOME MARKET
FIGURE 25 ASP TREND FOR VARIOUS APPLIANCES
FIGURE 26 ASP TREND FOR VARIOUS SMART DEVICES
6 EUROPEAN SMART HOME MARKET, BY TECHNOLOGY & PROTOCOL (Page No. - 91)
6.1 INTRODUCTION
FIGURE 27 SMART HOME PROTOCOLS & TECHNOLOGIES
6.2 CELLULAR NETWORK TECHNOLOGIES
6.2.1 CDMA NETWORKS
6.2.2 GSM/HSPA NETWORKS
FIGURE 28 GSM/HSPA NETWORK SETUP
6.2.3 LTE NETWORKS
6.2.4 5G
6.3 PROTOCOLS & STANDARDS
6.3.1 DALI
FIGURE 29 WIRING FOR DALI FLUORESCENT DIMMING
6.3.2 NEMA
6.3.3 KNX
6.3.4 DMX
6.3.5 LONWORKS
FIGURE 30 LONWORKS NETWORK SETUP
6.3.6 ETHERNET
6.3.7 MODBUS
6.3.8 BACNET
6.3.9 BLACK BOX
6.3.10 PLC
6.3.11 DOTDOT
6.3.12 MATTER
6.4 WIRELESS COMMUNICATION TECHNOLOGIES
FIGURE 31 WIRELESS COMMUNICATION TECHNOLOGIES
6.4.1 ZIGBEE
6.4.2 Z-WAVE
6.4.3 WI-FI
6.4.4 BLUETOOTH
6.4.5 ENOCEAN
6.4.6 THREAD
6.4.7 INFRARED
7 EUROPEAN SMART HOME MARKET, BY PRODUCT (Page No. - 104)
7.1 INTRODUCTION
FIGURE 32 EUROPEAN SMART HOME MARKET, BY PRODUCT
TABLE 12 EUROPEAN SMART HOME MARKET, BY PRODUCT, 2018–2021 (USD MILLION)
TABLE 13 EUROPEAN SMART HOME MARKET, BY PRODUCT, 2022–2027 (USD MILLION)
7.2 LIGHTING CONTROLS
7.2.1 MARKET DYNAMICS
7.2.1.1 Drivers
7.2.1.1.1 Demand for energy-efficient lighting solutions
7.2.1.1.2 Conservation of energy reduces costs and extends shelf life of lamps
7.2.1.1.3 Increasing adoption of lighting controls in smart cities
7.2.1.2 Restraints
7.2.1.2.1 Compatibility issues pose hurdles in path of lighting controls
7.2.1.2.2 Lack of awareness about intelligent lighting controls
7.2.1.2.3 High initial costs
7.2.1.2.4 Security and privacy issues associated with smart lighting controls
7.2.1.3 Opportunities
7.2.1.3.1 Mood lighting provides opportunities for lighting controls
7.2.1.3.2 Increase in human-centric lighting in Europe
7.2.1.3.3 Rise in trend of smart offices and smart retail stores
7.2.2 PRODUCTS COVERED UNDER LIGHTING CONTROLS
FIGURE 33 EUROPEAN SMART HOME MARKET FOR LIGHTING CONTROLS
TABLE 14 LIGHTING CONTROLS: EUROPEAN SMART HOME MARKET, BY PRODUCT, 2018–2021 (USD MILLION)
TABLE 15 LIGHTING CONTROLS: EUROPEAN SMART HOME MARKET, BY PRODUCT, 2022–2027 (USD MILLION)
7.2.2.1 Relays
TABLE 16 RELAYS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 17 RELAYS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
7.2.2.2 Occupancy Sensors
TABLE 18 OCCUPANCY SENSORS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 19 OCCUPANCY SENSORS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
7.2.2.3 Daylight Sensors
TABLE 20 DAYLIGHT SENSORS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 21 DAYLIGHT SENSORS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
7.2.2.4 Timers
TABLE 22 TIMERS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 23 TIMERS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
7.2.2.5 Dimmers
TABLE 24 DIMMERS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 25 DIMMERS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
7.2.2.6 Switches
TABLE 26 SWITCHES: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 27 SWITCHES: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
7.2.2.7 Accessories & Other Products
TABLE 28 ACCESSORIES & OTHER PRODUCTS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 29 ACCESSORIES & OTHER PRODUCTS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
7.3 SECURITY & ACCESS CONTROLS
7.3.1 MARKET DYNAMICS
7.3.1.1 Drivers
7.3.1.1.1 Multi-level/multifactor authentication enhances authentication process
7.3.1.1.2 Increasing popularity of home security systems
7.3.1.1.3 Greater efficiency of video surveillance systems compared with traditional systems
7.3.1.1.4 Rising adoption of IoT-based security systems
7.3.1.1.5 Increasing adoption of IP cameras for video surveillance
7.3.1.2 Restraints
7.3.1.2.1 Privacy issues
7.3.1.2.2 High initial costs
7.3.1.3 Opportunities
7.3.1.3.1 Significant prospects of biometric technologies in security market
7.3.1.3.2 Increase in adoption of security and access control systems post COVID-19
7.3.1.3.3 Artificial intelligence (AI) and deep learning integration in home security systems
TABLE 30 SECURITY & ACCESS CONTROLS: EUROPEAN SMART HOME MARKET, BY PRODUCT, 2018–2021 (USD MILLION)
TABLE 31 SECURITY & ACCESS CONTROLS: EUROPEAN SMART HOME MARKET, BY PRODUCT, 2022–2027 (USD MILLION)
7.4 PRODUCTS COVERED UNDER SECURITY & ACCESS CONTROLS
FIGURE 34 EUROPEAN SMART HOME MARKET FOR SECURITY & ACCESS CONTROLS
TABLE 32 SECURITY & ACCESS CONTROLS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 33 SECURITY & ACCESS CONTROLS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
7.4.1 VIDEO SURVEILLANCE SYSTEMS
TABLE 34 VIDEO SURVEILLANCE: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 35 VIDEO SURVEILLANCE: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
7.4.1.1 Hardware
7.4.1.1.1 Security cameras
7.4.1.1.2 IP cameras
7.4.1.1.3 Analog cameras
7.4.1.1.4 Storage devices
7.4.1.1.5 Monitors
7.4.1.1.6 Servers
7.4.1.1.7 Accessories
7.4.1.2 Software
7.4.1.2.1 Video analytics software
7.4.1.2.2 Video management software (VMS)
7.4.1.2.3 Neural networks and algorithms
7.4.2 ACCESS CONTROLS
TABLE 36 ACCESS CONTROLS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 37 ACCESS CONTROLS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
7.4.2.1 Biometric Access Controls
7.4.2.1.1 Facial recognition
7.4.2.1.2 Iris recognition
7.4.2.1.3 Fingerprint recognition
7.4.2.1.4 Palm recognition
7.4.2.1.5 Voice recognition
7.4.2.1.6 Others
7.4.2.2 Non-biometric Access Controls
7.4.2.3 Software
7.4.2.4 Services
7.5 HVAC CONTROLS
7.5.1 MARKET DYNAMICS
7.5.1.1 Drivers
7.5.1.1.1 Flexibility and ease of accessing HVAC systems
7.5.1.1.2 Reduction in long-term energy costs through enhanced hardware, integrated control systems, and management services
7.5.1.1.3 Boom in construction sector fueling demand for HVAC controls
7.5.1.1.4 Emergence of IoT-enabled HVAC systems
7.5.1.1.5 Need for energy efficiency in buildings
7.5.1.1.6 Surging adoption of voice assistants
7.5.1.2 Restraints
7.5.1.2.1 Lack of interoperability and standardization
7.5.1.2.2 Lack of awareness about benefits of HVAC systems
7.5.1.2.3 Concerns of data security
7.5.1.2.4 High costs and technical complexities associated with installation of HVAC control systems
7.5.1.2.5 High retrofitting cost
7.5.1.3 Opportunities
7.5.1.3.1 Innovations in sensors and controls
7.5.1.3.2 Growing demand for cloud computing in HVAC
7.5.1.3.3 Integration of smart devices with HVAC systems
TABLE 38 HVAC CONTROLS: EUROPEAN SMART HOME MARKET, BY PRODUCT, 2018–2021 (USD MILLION)
TABLE 39 HVAC CONTROLS: EUROPEAN SMART HOME MARKET, BY PRODUCT, 2022–2027 (USD MILLION)
7.5.2 PRODUCTS COVERED UNDER HVAC CONTROLS
FIGURE 35 EUROPEAN SMART HOME MARKET FOR HVAC CONTROLS
TABLE 40 HVAC CONTROLS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 41 HVAC CONTROLS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
7.5.2.1 Smart Thermostats
7.5.2.1.1 Smart thermostats maintain temperatures at required levels
TABLE 42 SMART THERMOSTATS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 43 SMART THERMOSTATS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
7.5.2.2 Sensors
TABLE 44 SENSORS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 45 SENSORS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
7.5.2.3 Control Valves
TABLE 46 CONTROL VALVES: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 47 CONTROL VALVES: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
7.5.2.4 Heating & Cooling Coils
7.5.2.4.1 HVAC systems use coils to maintain temperature
TABLE 48 HEATING & COOLING COILS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 49 HEATING & COOLING COILS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
7.5.2.5 Dampers
7.5.2.5.1 Dampers regulate flow of hot/cold air in rooms
TABLE 50 DAMPERS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 51 DAMPERS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
7.5.2.6 Actuators
7.5.2.6.1 Actuators control dampers and valves in HVAC systems
TABLE 52 ACTUATORS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 53 ACTUATORS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
7.5.2.7 Pumps & Fans
7.5.2.7.1 Pumps and exhaust fans in HVAC maintain comfortable temperatures in buildings
TABLE 54 PUMPS & FANS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 55 PUMPS & FANS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
7.5.2.8 Smart Vents
7.5.2.8.1 Smart vents can be programmed to open and close according to temperature of rooms
TABLE 56 SMART VENTS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 57 SMART VENTS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
7.6 ENTERTAINMENT & OTHER CONTROLS
7.6.1 MARKET DYNAMICS
7.6.1.1 Drivers
7.6.1.1.1 Changing lifestyles of consumers
7.6.1.1.2 Enhanced level of comfort offered
7.6.1.1.3 Growing consumer inclination toward entertainment products
7.6.1.1.4 Growth of 5G
7.6.1.2 Restraints
7.6.1.2.1 High cost of entertainment control systems
7.6.1.2.2 Consumer apprehensions due to adverse effects on health from audio equipment and wireless entertainment devices
7.6.1.2.3 Lack of common standards and interoperability of devices
7.6.1.3 Opportunities
7.6.1.3.1 Development of 3D gesture-based remote entertainment controls
7.6.1.3.2 Integration of AI with entertainment devices
7.6.1.3.3 Virtual reality and augmented reality in entertainment devices
TABLE 58 ENTERTAINMENT & OTHER CONTROLS: SMART HOME MARKET IN EUROPE, BY PRODUCT, 2018–2021 (USD MILLION)
TABLE 59 ENTERTAINMENT & OTHER CONTROLS: SMART HOME MARKET IN EUROPE, BY PRODUCT, 2022–2027 (USD MILLION)
TABLE 60 ENTERTAINMENT & OTHER CONTROLS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 61 ENTERTAINMENT & OTHER CONTROLS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
7.6.2 ENTERTAINMENT CONTROL PRODUCTS
FIGURE 36 EUROPEAN SMART HOME MARKET FOR ENTERTAINMENT CONTROL PRODUCTS, BY PRODUCT
TABLE 62 ENTERTAINMENT CONTROL PRODUCTS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 63 ENTERTAINMENT CONTROL PRODUCTS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
7.6.2.1 Audio & Volume Controls
TABLE 64 AUDIO & VOLUME CONTROLS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 65 AUDIO & VOLUME CONTROLS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
7.6.2.2 Home Theater System Controls
TABLE 66 HOME THEATER SYSTEM CONTROLS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 67 HOME THEATER SYSTEM CONTROLS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
7.6.2.3 Touchscreens & Keypads
TABLE 68 TOUCHSCREENS & KEYPADS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 69 TOUCHSCREENS & KEYPADS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
7.6.3 OTHER CONTROLS
FIGURE 37 EUROPEAN SMART HOME MARKET FOR OTHER CONTROLS, BY PRODUCT
TABLE 70 OTHER CONTROLS: EUROPEAN SMART HOME MARKET, BY PRODUCT, 2018–2021 (USD MILLION)
TABLE 71 OTHER CONTROLS: EUROPEAN SMART HOME MARKET, BY PRODUCT, 2022–2027 (USD MILLION)
7.6.3.1 Smart Meters
7.6.3.1.1 Smart meters are electric devices that measure energy consumption and enable two-way communication between users and utilities
TABLE 72 SMART METERS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 73 SMART METERS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
7.6.3.2 Smart Plugs
7.6.3.2.1 Smart plugs offer plug-level solutions for monitoring, controlling, and automating energy levels of individual sockets
TABLE 74 SMART PLUGS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 75 SMART PLUGS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
7.6.3.3 Smart Hubs
7.6.3.3.1 Smart hubs are solutions to unify connected gadgets in smart homes and control them using one simple application
TABLE 76 SMART HUBS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 77 SMART HUBS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
7.6.3.4 Smart Locks
7.6.3.4.1 Smart locks are electromechanical locks that carry out locking and unlocking operations on receiving instructions from authorized devices
TABLE 78 SMART LOCKS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 79 SMART LOCKS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
7.6.3.5 Smoke Detectors
7.6.3.5.1 Smoke detectors detect smoke faster than flame and heat detectors
TABLE 80 SMOKE DETECTORS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 81 SMOKE DETECTORS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
7.7 SMART SPEAKERS
7.7.1 MARKET DYNAMICS
7.7.1.1 Drivers
7.7.1.1.1 Increasing number of smart homes
7.7.1.1.2 Proliferation of multifunctional devices
7.7.1.1.3 Growing trend of personalization
7.7.1.1.4 Growing popularity of smart speakers with displays
7.7.1.2 Restraints
7.7.1.2.1 Issues related to connectivity range, compatibility, and power
7.7.1.2.2 Availability of substitute products
7.7.1.2.3 Concerns related to data security
7.7.1.3 Opportunities
7.7.1.3.1 Increasing consumer preference for technologically advanced products
7.7.1.3.2 Increasing demand for smart speakers post COVID-19
7.7.1.3.3 Significant presence of large internet/technology companies
7.7.1.3.4 Increasing focus of companies on enhancing customer experience
TABLE 82 SMART SPEAKERS: EUROPEAN SMART HOME MARKET, 2018–2021 (USD MILLION)
TABLE 83 SMART SPEAKERS: EUROPEAN SMART HOME MARKET, 2022–2027 (USD MILLION)
TABLE 84 SMART SPEAKERS: EUROPEAN SMART HOME MARKET, 2018–2021 (MILLION UNITS)
TABLE 85 SMART SPEAKERS: EUROPEAN SMART HOME MARKET, 2022–2027 (MILLION UNITS)
TABLE 86 SMART SPEAKERS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 87 SMART SPEAKERS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
7.8 HOME HEALTHCARE
7.8.1 MARKET DYNAMICS
7.8.1.1 Drivers
7.8.1.1.1 Changing demographics to positively affect home health systems
7.8.1.1.2 Rising aging population, high incidence of chronic diseases, and need to expand home healthcare access
7.8.1.1.3 Change in social structure
7.8.1.2 Restraints
7.8.1.2.1 Patient safety concerns
7.8.1.2.2 Regulatory concerns
7.8.1.3 Opportunities
7.8.1.3.1 Emerging market for smart wearables to drive home healthcare market
7.8.1.3.2 Increase in adoption of home healthcare products due to COVID-19
7.8.1.3.3 Use of analytics in home health care systems
TABLE 88 HOME HEALTHCARE: EUROPEAN SMART HOME MARKET, BY PRODUCT, 2018–2021 (USD MILLION)
TABLE 89 HOME HEALTHCARE: EUROPEAN SMART HOME MARKET, BY PRODUCT, 2022–2027 (USD MILLION)
TABLE 90 HOME HEALTHCARE: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 91 HOME HEALTHCARE: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
7.8.2 PRODUCTS COVERED UNDER HOME HEALTHCARE
FIGURE 38 SMART HOME MARKET FOR HOME HEALTHCARE PRODUCTS
7.8.2.1 Health Status Monitors
TABLE 92 HEALTH STATUS MONITORS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 93 HEALTH STATUS MONITORS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
7.8.2.1.1 Fitness and Heart Rate Monitors
7.8.2.1.2 Blood Pressure Monitors
7.8.2.1.3 Blood Glucose Meters
7.8.2.1.4 Continuous Glucose Monitors
7.8.2.1.5 Pulse Oximeters
7.8.2.1.6 Fall Detectors
7.8.2.2 Physical Activity Monitors
TABLE 94 PHYSICAL ACTIVITY MONITORS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 95 PHYSICAL ACTIVITY MONITORS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
7.9 SMART KITCHENS
7.9.1 MARKET DYNAMICS
7.9.1.1 Drivers
7.9.1.1.1 Changing lifestyles and preferences of consumers
7.9.1.1.2 Rising importance of energy conservation
7.9.1.1.3 High functionality of smart kitchen equipment
7.9.1.2 Restraints
7.9.1.2.1 High cost of smart kitchen appliances
7.9.1.2.2 High cost of installation
7.9.1.3 Opportunities
7.9.1.3.1 Incorporation of IoT in kitchen appliances
7.9.1.3.2 Food wastage concerns and sustainable cooking
TABLE 96 SMART KITCHENS: EUROPEAN SMART HOME MARKET, BY PRODUCT, 2018–2021 (USD MILLION)
TABLE 97 SMART KITCHENS: EUROPEAN SMART HOME MARKET, BY PRODUCT, 2022–2027 (USD MILLION)
TABLE 98 SMART KITCHENS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 99 SMART KITCHENS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
7.9.2 PRODUCTS COVERED UNDER SMART KITCHENS
FIGURE 39 EUROPEAN SMART HOME MARKET FOR SMART KITCHENS, BY PRODUCT
7.9.2.1 Smart Refrigerators
TABLE 100 SMART REFRIGERATORS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 101 SMART REFRIGERATORS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
7.9.2.2 Smart Coffee Makers
TABLE 102 SMART COFFEE MAKERS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 103 SMART COFFEE MAKERS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
7.9.2.3 Smart Kettles
TABLE 104 SMART KETTLES: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 105 SMART KETTLES: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
7.9.2.4 Smart Dishwashers
TABLE 106 SMART DISHWASHERS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 107 SMART DISHWASHERS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
7.9.2.5 Smart Ovens
TABLE 108 SMART OVENS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 109 SMART OVENS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
7.9.2.6 Smart Cooktops
TABLE 110 SMART COOKTOPS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 111 SMART COOKTOPS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
7.9.2.7 Smart Cookers
TABLE 112 SMART COOKERS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 113 SMART COOKERS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
7.10 HOME APPLIANCES
7.10.1 MARKET DYNAMICS
7.10.1.1 Drivers
7.10.1.1.1 Availability of wireless solutions
7.10.1.1.2 Rising energy prices leading to adoption of smart appliances
7.10.1.1.3 Increasing penetration of internet and smartphones worldwide
7.10.1.2 Restraints
7.10.1.2.1 Privacy concerns among end users
7.10.1.2.2 Lack of awareness about smart appliances
7.10.1.2.3 Compatibility problems between devices of different companies
7.10.1.2.4 High maintenance costs
7.10.1.3 Opportunities
7.10.1.3.1 Machine-to-machine (M2M) communication to provide new growth avenues
7.10.1.3.2 Rise in demand for smart appliances due to COVID-19
7.10.1.3.3 Integration of new technologies, such as AI, with smart appliances
TABLE 114 HOME APPLIANCES: EUROPEAN SMART HOME MARKET, BY PRODUCT, 2018–2021 (USD MILLION)
TABLE 115 HOME APPLIANCES: EUROPEAN SMART HOME MARKET, BY PRODUCT, 2022–2027 (USD MILLION)
TABLE 116 HOME APPLIANCES: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 117 HOME APPLIANCES: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
7.10.2 PRODUCTS COVERED UNDER HOME APPLIANCES
FIGURE 40 EUROPEAN SMART HOME MARKET FOR HOME APPLIANCES
7.10.2.1 Smart Washers
TABLE 118 SMART WASHERS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 119 SMART WASHERS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
7.10.2.2 Smart Dryers
TABLE 120 SMART DRYERS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 121 SMART DRYERS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
7.10.2.3 Smart Water Heaters
TABLE 122 SMART WATER HEATERS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 123 SMART WATER HEATERS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
7.10.2.4 Smart Vacuum Cleaners
TABLE 124 SMART VACUUM CLEANERS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 125 SMART VACUUM CLEANERS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
7.11 SMART FURNITURE
7.11.1 MARKET DYNAMICS
7.11.1.1 Drivers
7.11.1.1.1 Changing consumer lifestyle
7.11.1.1.2 Growing trend toward adoption of space-saving furniture
7.11.1.2 Restraints
7.11.1.2.1 Reluctance toward adopting new technology
7.11.1.2.2 High price of smart furniture
7.11.1.2.3 Drawbacks of when two individuals require distinct alternatives
7.11.1.3 Opportunities
7.11.1.3.1 Incorporation of robotics into smart furniture
7.11.1.3.2 Increasing incorporation of ergonomic furniture by corporate entities
TABLE 126 SMART FURNITURE: EUROPEAN SMART HOME MARKET, BY PRODUCT, 2018–2021 (USD MILLION)
TABLE 127 SMART FURNITURE: EUROPEAN SMART HOME MARKET, BY PRODUCT, 2022–2027 (USD MILLION)
TABLE 128 SMART FURNITURE: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 129 SMART FURNITURE: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
7.11.2 PRODUCTS COVERED UNDER SMART FURNITURE
FIGURE 41 EUROPEAN SMART HOME MARKET FOR SMART FURNITURE PRODUCTS
7.11.2.1 Smart Tables
TABLE 130 SMART TABLES: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 131 SMART TABLES: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
7.11.2.2 Smart Desks
TABLE 132 SMART DESKS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 133 SMART DESKS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
7.11.2.3 Smart Stools & Benches
TABLE 134 SMART STOOLS & BENCHES: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 135 SMART STOOLS & BENCHES: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
7.11.2.4 Smart Sofas
TABLE 136 SMART SOFAS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 137 SMART SOFAS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
7.11.2.5 Smart Chairs
TABLE 138 SMART CHAIRS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 139 SMART CHAIRS: EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
8 EUROPEAN SMART HOME MARKET, BY SOFTWARE & SERVICE (Page No. - 197)
8.1 INTRODUCTION
FIGURE 42 SMART HOME MARKET FOR SOFTWARE & SERVICE, BY TYPE
FIGURE 43 BEHAVIORAL SOFTWARE & SERVICES EXPECTED TO HOLD LARGER MARKET SHARE DURING FORECAST PERIOD
TABLE 140 EUROPEAN SMART HOME MARKET, BY SOFTWARE & SERVICE, 2018–2021 (USD MILLION)
TABLE 141 EUROPEAN SMART HOME MARKET, BY SOFTWARE & SERVICE, 2022–2027 (USD MILLION)
8.2 BEHAVIORAL
8.2.1 BEHAVIORAL SOFTWARE & SERVICES SEGMENT TO HOLD LARGER MARKET SHARE DURING FORECAST PERIOD
8.3 PROACTIVE
8.3.1 PROACTIVE SOFTWARE & SERVICES SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
9 EUROPEAN SMART HOME MARKET, BY SALES CHANNEL (Page No. - 202)
9.1 INTRODUCTION
FIGURE 44 INDIRECT SALES CHANNEL TO DOMINATE EUROPEAN SMART HOME MARKET DURING FORECAST PERIOD
TABLE 142 EUROPEAN SMART HOME MARKET, BY SALES CHANNEL, 2018–2021 (USD MILLION)
TABLE 143 EUROPEAN SMART HOME MARKET, BY SALES CHANNEL, 2022–2027 (USD MILLION)
9.2 DIRECT SALES CHANNEL
9.2.1 DIRECT SALES CHANNELS ARE USED BY WELL-ESTABLISHED PLAYERS AS WELL AS OTHER SMALL PLAYERS AND START-UPS EQUALLY
9.3 INDIRECT SALES CHANNEL
9.3.1 INDIRECT SALES CHANNELS INVOLVE USING THIRD-PARTY SERVICE PROVIDERS TO SELL PRODUCTS RATHER THAN MANUFACTURERS SELLING PRODUCTS DIRECTLY
10 GEOGRAPHIC ANALYSIS (Page No. - 206)
10.1 INTRODUCTION
FIGURE 45 EUROPE: SMART HOME MARKET SNAPSHOT
10.2 REGULATORY FRAMEWORK
TABLE 144 EUROPEAN SMART HOME MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 145 EUROPEAN SMART HOME MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
10.3 UK
10.3.1 UK TO LEAD SMART HOME MARKET IN EUROPE
10.3.2 DEMAND FOR ENERGY-SAVING AND LONG-LASTING LIGHTING SYSTEMS TO DRIVE SMART HOME MARKET IN UK
10.3.3 DECLINE IN COST OF BROADBAND SERVICES AND INCREASING ADOPTION OF CLOUD AND IOT INFRASTRUCTURE
TABLE 146 UK: EUROPEAN SMART HOME MARKET, BY PRODUCT, 2018–2021 (USD MILLION)
TABLE 147 UK: EUROPEAN SMART HOME MARKET, BY PRODUCT, 2022–2027 (USD MILLION)
10.4 GERMANY
10.4.1 RISING DEMAND FOR SMART LIGHTING SOLUTIONS IN HOMES IS DRIVING MARKET
10.4.2 INCREASING PENETRATION OF LED LIGHTS AND LUMINARIES
10.4.3 GOVERNMENT POLICIES REGARDING ENERGY CONSUMPTION TO PROPEL ADOPTION OF SMART HOME PRODUCTS
TABLE 148 GERMANY: EUROPEAN SMART HOME MARKET, BY PRODUCT, 2018–2021 (USD MILLION)
TABLE 149 GERMANY: EUROPEAN SMART HOME MARKET, BY PRODUCT, 2022–2027 (USD MILLION)
10.5 FRANCE
10.5.1 RISING DEMAND FOR SECURITY & ACCESS CONTROLS LEADING TO MARKET GROWTH
10.5.2 INCREASING AWARENESS OF ENERGY CONSERVATION
10.5.3 RISING ADOPTION OF SMART LIGHTS IS INCREASING DEMAND FOR SMART HOME PRODUCTS
TABLE 150 FRANCE: EUROPEAN SMART HOME MARKET, BY PRODUCT, 2018–2021 (USD MILLION)
TABLE 151 FRANCE: EUROPEAN SMART HOME MARKET, BY PRODUCT, 2022–2027 (USD MILLION)
10.6 ITALY
10.6.1 GOVERNMENT SUPPORT FOR ENERGY EFFICIENCY TO DRIVE ADOPTION OF SMART HOME PRODUCTS
10.6.2 HIGH DEMAND FOR SMART LIGHTING IN SMART HOMES
TABLE 152 ITALY: EUROPEAN SMART HOME MARKET, BY PRODUCT, 2018–2021 (USD MILLION)
TABLE 153 ITALY: EUROPEAN SMART HOME MARKET, BY PRODUCT, 2022–2027 (USD MILLION)
10.7 REST OF EUROPE
TABLE 154 REST OF EUROPE: EUROPEAN SMART HOME MARKET, BY PRODUCT, 2018–2021 (USD MILLION)
TABLE 155 REST OF EUROPE: EUROPEAN SMART HOME MARKET, BY PRODUCT, 2022–2027 (USD MILLION)
11 COMPETITIVE LANDSCAPE (Page No. - 220)
11.1 OVERVIEW
11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
TABLE 156 OVERVIEW OF STRATEGIES DEPLOYED BY KEY MARKET PLAYERS
11.2.1 PRODUCT PORTFOLIO
11.2.2 REGIONAL FOCUS
11.2.3 MANUFACTURING FOOTPRINT
11.2.4 ORGANIC/INORGANIC GROWTH STRATEGIES
11.3 MARKET SHARE ANALYSIS: EUROPEAN SMART HOME MARKET, 2021
TABLE 157 EUROPEAN SMART HOME MARKET: DEGREE OF COMPETITION, 2021
11.4 5-YEAR COMPANY REVENUE ANALYSIS
FIGURE 46 5-YEAR REVENUE ANALYSIS OF TOP FIVE PLAYERS IN EUROPEAN SMART HOME MARKET
11.5 COMPANY EVALUATION QUADRANT
11.5.1 STAR
11.5.2 EMERGING LEADER
11.5.3 PERVASIVE
11.5.4 PARTICIPANT
FIGURE 47 EUROPEAN SMART HOME MARKET COMPANY EVALUATION QUADRANT, 2021
11.5.5 COMPANY FOOTPRINT
TABLE 158 OVERALL COMPANY FOOTPRINT
TABLE 159 COMPANY PRODUCT FOOTPRINT
TABLE 160 COMPANY SALES CHANNEL FOOTPRINT
TABLE 161 COMPANY REGION FOOTPRINT
11.6 START-UP/SME EVALUATION MATRIX
TABLE 162 LIST OF START-UPS IN EUROPEAN SMART HOME MARKET
11.6.1 PROGRESSIVE COMPANY
11.6.2 RESPONSIVE COMPANY
11.6.3 DYNAMIC COMPANY
11.6.4 STARTING BLOCK
FIGURE 48 EUROPEAN SMART HOME MARKET, START-UP/SME EVALUATION MATRIX, 2021
11.7 COMPETITIVE SITUATIONS AND TRENDS
11.7.1 PRODUCT LAUNCHES
TABLE 163 PRODUCT LAUNCHES & DEVELOPMENTS, 2020–2022
11.7.2 DEALS
TABLE 164 DEALS, 2020–2022
11.7.3 OTHERS
TABLE 165 OTHERS, 2020–2022
12 COMPANY PROFILES (Page No. - 242)
12.1 INTRODUCTION
12.2 KEY PLAYERS
(Business overview, Products/solutions/services offered, Recent developments, Product launches & developments, Deals, MnM view, Key strengths/right to win, Strategic choices made, and Weaknesses and competitive threats)*
12.2.1 SIEMENS
TABLE 166 SIEMENS: COMPANY SNAPSHOT
FIGURE 49 SIEMENS: COMPANY SNAPSHOT
12.2.2 JOHNSON CONTROLS
TABLE 167 JOHNSON CONTROLS: COMPANY SNAPSHOT
FIGURE 50 JOHNSON CONTROLS: COMPANY SNAPSHOT
12.2.3 SCHNEIDER ELECTRIC
TABLE 168 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
FIGURE 51 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
12.2.4 ASSA ABLOY
TABLE 169 ASSA ABLOY: COMPANY SNAPSHOT
FIGURE 52 ASSA ABLOY: COMPANY SNAPSHOT
12.2.5 RESIDEO
TABLE 170 RESIDEO: COMPANY SNAPSHOT
FIGURE 53 RESIDEO: COMPANY SNAPSHOT
12.2.6 AMAZON
TABLE 171 AMAZON: COMPANY SNAPSHOT
FIGURE 54 AMAZON: COMPANY SNAPSHOT
12.2.7 HONEYWELL
TABLE 172 HONEYWELL: COMPANY SNAPSHOT
FIGURE 55 HONEYWELL: COMPANY SNAPSHOT
12.2.8 APPLE
TABLE 173 APPLE: COMPANY SNAPSHOT
FIGURE 56 APPLE: COMPANY SNAPSHOT
12.2.9 ROBERT BOSCH
TABLE 174 ROBERT BOSCH: COMPANY SNAPSHOT
FIGURE 57 ROBERT BOSCH: COMPANY SNAPSHOT
12.2.10 ABB
TABLE 175 ABB: COMPANY SNAPSHOT
FIGURE 58 ABB: COMPANY SNAPSHOT
12.3 OTHER PLAYERS
12.3.1 SAMSUNG ELECTRONICS
TABLE 176 SAMSUNG ELECTRONICS: COMPANY SNAPSHOT
12.3.2 SONY
TABLE 177 SONY: COMPANY SNAPSHOT
12.3.3 INGERSOLL RAND
TABLE 178 INGERSOLL RAND: COMPANY SNAPSHOT
12.3.4 DELTA CONTROLS
TABLE 179 DELTA CONTROLS: COMPANY SNAPSHOT
12.3.5 SNAP ONE
TABLE 180 SNAP ONE: COMPANY SNAPSHOT
12.3.6 AXIS COMMUNICATIONS
TABLE 181 AXIS COMMUNICATIONS: COMPANY SNAPSHOT
12.3.7 COMCAST
TABLE 182 COMCAST: COMPANY SNAPSHOT
12.3.8 ALARM.COM
TABLE 183 ALARM.COM: COMPANY SNAPSHOT
12.3.9 VIVINT
TABLE 184 VIVINT: COMPANY SNAPSHOT
12.3.10 SIMPLISAFE
TABLE 185 SIMPLISAFE: COMPANY SNAPSHOT
12.3.11 GENERAL ELECTRIC
TABLE 186 GENERAL ELECTRIC: COMPANY SNAPSHOT
12.3.12 LUTRON ELECTRONICS
TABLE 187 LUTRON ELECTRONICS: COMPANY SNAPSHOT
12.3.13 LEGRAND
TABLE 188 LEGRAND: COMPANY SNAPSHOT
12.3.14 LG ELECTRONICS
TABLE 189 LG ELECTRONICS: COMPANY SNAPSHOT
*Details on Business overview, Products/solutions/services offered, Recent developments, Product launches & developments, Deals, MnM view, Key strengths/right to win, Strategic choices made, and Weaknesses and competitive threats might not be captured in case of unlisted companies.
13 APPENDIX (Page No. - 324)
13.1 DISCUSSION GUIDE
13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.3 AVAILABLE CUSTOMIZATION
13.4 RELATED REPORTS
13.5 AUTHOR DETAILS
The study involved four major activities for estimating the size of the European smart home market. Exhaustive secondary research has been carried out to collect information relevant to the market, its peer markets, and its parent market. Primary research has been undertaken to validate key findings, assumptions, and sizing with the industry experts across the value chain of the European smart home market. Both top-down and bottom-up approaches have been employed to estimate the complete market size. It has been followed by the market breakdown and data triangulation methods to estimate the size of different segments and subsegments of the market.
Secondary Research
The research methodology that has been used to estimate and forecast the size of the European smart home market began with the acquisition of data related to the revenues of key vendors in the market through secondary research. The secondary research referred to for this research study involves European smart home magazines, journals. Moreover, the study involved extensive use of secondary sources, directories, and databases, such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the European smart home market. Vendor offerings have been taken into consideration to determine the market segmentation. The entire research methodology included the study of annual reports, press releases, and investor presentations of companies; white papers; and certified publications and articles by recognized authors; directories; and databases.
Primary Research
Extensive primary research has been conducted after acquiring an understanding of the European smart home market scenario through secondary research. Several primary interviews have been conducted with market experts from both the demand and supply-side players across key regions, namely, North America, Europe, Asia Pacific, and Middle East, Africa, and South America. Various primary sources from both the supply and demand sides of the market have been interviewed to obtain qualitative and quantitative information. Following is the breakdown of the primary respondents.
Primary data has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, various departments within organizations, such as sales, operations, and administration, were covered to provide a holistic viewpoint in our report. After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches have been used to estimate and validate the size of European smart home market and its segments. The research methodology used to estimate the market size includes the following:
- Key players in the market have been identified through extensive secondary research.
- The supply chain and the size of the European smart home market, in terms of value, have been determined through primary and secondary research processes.
- Several primary interviews have been conducted with key opinion leaders related to European smart home market including key OEMs, IDMs, and Tier I suppliers and software developers.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
- Qualitative aspects such as market drivers, restraints, opportunities, and challenges have been taken into consideration while calculating and forecasting the market size
Global European Smart Home Market Size: Bottom-up Approach
Data Triangulation
After arriving at the overall market size—using the market size estimation process explained above—the market has been split into several segments and subsegments. Data triangulation and market breakdown procedures have been employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for each segment and subsegment of the market. The data has been triangulated by studying various factors and trends from both demand and supply sides of the European smart home market.
Report Objectives
- To define, describe, and forecast the European smart home market, in terms of value, based on product and country
- To define, describe, and forecast the European smart home market, in terms of value, based on software and services necessary to establish and ensure the efficient working of smart home systems
- To define and describe the technologies and protocols used in smart homes
- To forecast the market, in terms of value, for various segments with respect to five main countries—the UK, Germany, France, Italy, and the Rest of Europe (RoE)
- To strategically analyze the micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall market
- To identify drivers, restraints, opportunities, and challenges as key factors impacting the growth of the market and submarkets
- To analyze the smart home supply chain and identify opportunities for the supply chain participants
- To provide key technology trends and patent analysis related to the European smart home market
- To provide information regarding trade data related to the European smart home market
- To analyze opportunities in the market for stakeholders by identifying high-growth segments of the European smart home ecosystem
- To strategically profile the key players in the European smart home market and comprehensively analyze their market shares and core competencies2 in each segment
- To benchmark the market players using the proprietary company evaluation matrix framework, which analyzes the market players on various parameters within the broad categories of market ranking/share and product portfolio
- To analyze competitive developments such as product launches, partnerships, collaborations, agreements, and mergers and acquisitions in the European smart home market
Available Customizations:
Along with the market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to 10)
- Additional country-level analysis of European smart home market
- Estimation of the market size of the segments of the European smart home market based on different subsegments
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the European Smart Home Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
Growth opportunities and latent adjacency in European Smart Home Market
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