European Smart Home Market

European Smart Home Market with COVID-19 Impact Analysis by Product (Lighting Control, Security & Access Control, HVAC Control, Home Healthcare), Software & Services (Proactive, Behavioural), and Region - Global Forecast to 2025

Report Code: SE 3326 Jul, 2020, by marketsandmarkets.com

[245 Pages Report] The European smart home market size is expected to grow from USD 23.2  billion in 2020 to USD 39.6 billion by 2025, at a CAGR of 11.3% during the forecast period. The growth of the market is driven by various factors, such as increasing number of internet users, rising consumer disposable income in developing economies, growing importance of home monitoring in remote locations, growing need for energy-saving and low carbon emission-oriented solutions, the rapid proliferation of smartphones and smart gadgets, expansion of smart home product portfolio by a large number of players, growing concern about safety, security, and convenience among the general population.

European Smart Homes Market

COVID-19 impact on the European smart home market

The COVID-19 pandemic has severely impacted the growth of the global smart home industry. Sales of European smart home products are expected to decline by 10–15% in this fiscal year, 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 smart homes and the supply chain disruptions are expected to affect the growth of the market in the region.

The demand for video and entertainment smart home products is expected to suffer the most, particularly smart television, from COVID-19. The shutdown of manufacturing facilities has led to component shortages, and consumers are spending on devices, such as monitors, laptops, and cameras, which improve their work from home. The cancelation of major sports competitions in Europe in 2020, including the European Football Championship and the Olympic Games, is also expected to have an adverse impact on video and entertainment smart home products, as their sales typically grow during the sports competitions.

Market dynamics

DRIVERS : An increasing number of internet users and the growing adoption of smart devices

The Internet of Things (IoT) has gained popularity among residential consumers owing to the benefits achieved by connecting household products to the internet. The IoT connects products, software algorithms, services, and end-users, enabling a smooth flow of data and making real-time decisions. It has proved its efficiency and has enhanced the quality and consistency of automation systems. Several large-, mid-, and small-scale companies worldwide are highly investing in the IoT industry. With most of the businesses shifting their traditional practices toward IoT, it is expected to reach numerous application areas such as lighting, HVAC, security, healthcare, and entertainment.

The growth of the European smart home market is expected to be significantly driven by the increasing consumer preference for video doorbells, voice-assisted technologies (such as Alexa and Google Home), and surveillance systems. The growth in the adoption of consumer IoT is attributed to the increasing penetration of the internet, the growing usage of smartphones, and the expansion of social network platforms. The continuous increase in the number of internet users across the globe is expected to boost the growth of the overall IoT market owing to the growing adoption of internet-enabled smart devices such as radio frequency identification (RFID), barcode scanners, and mobile computers.

RESTRAINTS: High costs of switching for existing smart device consumers

The shipments of smart home products depend on the utilization and requirements of homeowners. Consumers usually prefer products that offer convenience and energy efficiency. The concept of home automation is not new in the economically advanced countries in North America and Europe. Most of the residences in North American countries are already equipped with smart devices. Several residents 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. Even European countries, such as the UK and Germany, have a considerable number of smart homes. Therefore, the market for home automation products, which had a substantial penetration rate in the past three years, is expected to grow at a slower pace during the forecast period.

OPPORTUNITIES : Incorporation of lighting controllers with in-built data-connectivity technology

The lighting control market has witnessed considerable growth over the past few years. This market includes a significant number of products such as dimmers, timers, occupancy sensors, daylight sensors, and relays. These products are used either independently or in an integrated form. They can be integrated with home automation systems through wired and wireless technologies. To enable their automated operations, lighting controllers have to be integrated externally with communication protocols. However, lighting control manufacturers are now manufacturing products with inbuilt data connectivity. These controllers can be operated directly, without external communication protocols and connectivity. This is expected to create a considerable demand for such products, thereby creating opportunities for the players operating in the smart home market.

CHALLENGES : Increasing instances of cybersecurity threats to smart infrastructures

The Internet of Things (IoT) has changed the way people interact. Buildings and homes are becoming smart, highly complex, and increasingly connected. This massive interconnection leads to new efficiencies and capabilities for consumers, organizations, and cities. However, these advantages come with significant challenges in the form of cybersecurity risks.

Presently, securing smart homes and smart buildings from cybersecurity risks has become more relevant than ever in the wake of the spread of the COVID-19 pandemic. As consumers are spending a considerable amount of time in homes owing to the imposition of lockdowns, they are using smart cameras, wearables, and telecommunications devices to access different services. They remain in contact with doctors, government agencies, schools, friends, and family. Thus, the increased use of these technologies makes consumers highly susceptible to cybercrimes.

“Entertainment and other controls segment to hold the largest share of the  European smart home market during the forecast period.”

Entertainment has become an essential part of life as it provides relaxation and rejuvenation. A multi-room entertainment control system allows the user to centralize all connected devices and then listen to, watch, and control that equipment from every room in the house simultaneously or independently. Major control systems used in smart homes are audio, volume, and multimedia room controls. The growth of the market for audio, volume, and multimedia room controls is driven by the convenience offered for managing as well as controlling the entertainment systems within a house.

The advancement in wireless communication technologies is a major factor boosting the growth of the home theater system control market, thereby driving the overall European smart home market for entertainment and other controls. The large market share of this segment can be attributed to the high penetration rate of products such as smart meters and smoke detectors. The increasing cost of electricity is a major concern that drives household consumers toward energy savings. Moreover, the rising popularity of smart plugs, smart hubs, and smart locks are fueling the adoption of control systems.

“Behavioral type software and services to hold the largest market size during the forecast period.”

The European smart home market for software and services, by type, has been sub-segmented into behavioral and proactive solutions and services. There is a high competition in market for software and services due to the development of technically advanced and user-friendly software solutions as well as the provision of improved and real-time services to customers, in response to the growing awareness about reducing energy consumption within households. Moreover, the environmental regulations implemented by government bodies in most countries, both developed and developing, are further increasing the installation of smart homes. The software and service industry is generating high revenue from the installation and marketing of smart homes and is also providing services to the customers. All these factors are expected to lead to the high growth of this market during the forecast period. The markets for behavioral software and services are expected to hold the largest share of the market by 2025

“Germany is expected to hold the largest market size during the forecast period.”

Germany is projected to hold the largest share of the European smart home market during the forecast period. The key providers of smart home products in Germany include Siemens AG (Germany), Robert Bosch GmbH (Germany), and MOBOTIX AG (Germany). The products of these companies cater to the requirements of smart home consumers in the country. Moreover, the growing awareness about energy conservation systems, along with various government initiatives to promote the use of smart lighting controls, is driving the growth of the European smart home market in Germany.

European Smart Homes Market by Region

In 2019, the European smart home market was dominated by Johnson Controls International (Ireland), United Technologies Corporation (US), Schneider Electric (France), Honeywell (US), and Siemens  (Germany). A few strategies adopted by these players to compete in market include product launches and development, partnerships, and mergers and acquisition.

Scope of the Report:

Report Metric

Details

Base year

2019

Forecast period

2020–2025

Units

Value (USD Million/Billion),

Segments covered

Product, Software, and Service,

Countries covered

UK, Germany, France, Italy and Rest of Europe

Companies covered

Johnson Controls International (Ireland), United Technologies Corporation (US), Schneider Electric (France), Honeywell International, Inc. (US), and Siemens AG (Germany), Amazon, Inc. (US), Apple Inc. (US), Google (US), ADT (US), Robert Bosch Gmbh (Germany), ASSA ABLOY (Sweden), ABB Ltd. (Switzerland), Ingersoll-Rand PLC (Ireland), ABB (Switzerland), Legrand S.A. (France), Samsung Electronics Co., Ltd. (South Korea), Lutron Electronics Co. Inc. (US), Vivint (US), and Axis Communication AB (Sweden), among others.

This report categorizes the European smart home market based on the product, software and service, and region.

By Product:

  • Lighting Control
    • Relays
    • Occupancy Sensors
    • Daylight Sensors
    • Timers
    • Dimmers
    • Switches
    • Lighting Control Accessories and Other Products
  • Security and Access Control
    • Video Surveillance Systems
      • Hardware
        • Cameras
        • Storage Devices
        • Monitors
        • Servers
        • Accessories and Others
      • Software/Video Analytics
    • Access Control Systems
      • Biometric Access Control
        • Facial Recognition
        • Iris Recognition
        • Fingerprint Recognition
        • Others (Include Vein Recognition and Voice and Speech Recognition )
      • 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 Controls
    • Entertainment Control Products
    • 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
  • Smart Furniture
    • Smart Tables
    • Smart Desks
    • Smart Stools & Benches
    • Smart Sofas
    • Smart Chairs

By Software and Service:

  • Proactive
  • Behavioral

By Geography:

  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Rest of Europe (Russia, Netherlands, Denmark, Slovenia, Sweden, Finland, Norway, Romania, Bulgaria, Switzerland, and Poland)

Recent market developments

  • In December 2019, Amazon, Apple, Google, and the Zigbee Alliance entered into a collaboration to form a new working group that will develop and promote the adoption of a new, royalty-free connectivity standard to increase compatibility among smart home products, with security as a fundamental design tenet.
  • In May 2019, Amazon launched the newest addition to the Echo Show product family—Echo Show 5. Along with its compact design, 5.5-inch display, rich sound, HD camera, and built-in camera shutter, Echo Show 5 comprises updated smart home controls, customizable morning and evening routines, new privacy features, and more visual content.
  • In October 2018, Johnson Controls International (Ireland) acquired Lux Products Corporation (US), a leading provider of residential thermostats and smart products. LUX markets several successful residential and commercial product lines ranging from timers to smart home thermostats, including Kono and Geo.
  • In July 2018, Siemens AG (Germany) company added new functionalities to the Synco IC cloud platform for remote heating, ventilation, and air-conditioning (HVAC) control. Therefore, Synco IC now includes remote meter reading for energy billing, remote monitoring of energy key performance indicators (KPIs), and remote intervention to reduce energy consumption.
  • In June 2018, United Technologies Corporation (US) introduced the next-generation touchscreen displays for i-Vu building automation systems to help to build operators better manage their HVAC equipment.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 30)
    1.1 STUDY OBJECTIVES
    1.2 DEFINITION
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 MARKET SCOPE
           1.3.1 MARKETS COVERED
           1.3.2 PRODUCTS COVERED UNDER EACH MAJOR CATEGORY
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 LIMITATIONS
    1.6 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 34)
  FIGURE 1 EUROPEAN SMART HOME MARKET: RESEARCH DESIGN
    2.1 FACTOR ANALYSIS
           2.1.1 DEMAND-SIDE ANALYSIS
                    2.1.1.1 Growing demand from real estate industry in Europe
           2.1.2 SUPPLY-SIDE ANALYSIS
                    2.1.2.1 Mature access technologies and simple interfaces drive overall market growth
                    2.1.2.2 Prices of smart home solutions expected to reduce owing to increased adoption of wireless technologies and IoT
                            FIGURE 2 GROWTH OF WIRELESS TECHNOLOGIES EXPECTED TO IMPACT SUPPLY SIDE OF SMART HOME PRODUCTS
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                 FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                 FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
        FIGURE 5 EUROPEAN SMART HOME MARKET: DATA TRIANGULATION MODEL
    2.4 MARKET SHARE ESTIMATION
           2.4.1 KEY DATA FROM SECONDARY SOURCES
           2.4.2 KEY DATA FROM PRIMARY SOURCES
                    2.4.2.1 Breakdown of primaries
                    2.4.2.2 Key industry insights
    2.5 ASSUMPTIONS

3 EXECUTIVE SUMMARY (Page No. - 45)
  FIGURE 6 PRE- AND POST-COVID-19 IMPACT ANALYSIS FOR EUROPEAN SMART HOME MARKET
  TABLE 1 COVID-19 IMPACT ANALYSIS FOR MARKET, 2017–2025 (USD MILLION)
  FIGURE 7 ENTERTAINMENT AND OTHER CONTROL SEGMENT TO HOLD LARGEST SIZE OF MARKET FROM 2020 TO 2025
  FIGURE 8 BEHAVIORAL SOFTWARE AND SERVICE SEGMENT TO HOLD LARGE SIZE OF MARKET IN 2025
  FIGURE 9 UK ACCOUNTED FOR LARGEST SHARE OF MARKET IN 2019

4 PREMIUM INSIGHTS (Page No. - 50)
    4.1 ATTRACTIVE OPPORTUNITIES IN EUROPEAN SMART HOME MARKET
        FIGURE 10 MARKET TO GROW AT SIGNIFICANT CAGR FROM 2020 TO 2025
    4.2 MARKET, BY PRODUCT
        FIGURE 11 ENTERTAINMENT AND OTHER CONTROL SEGMENT TO HOLD LARGEST SIZE OF MARKET BY 2025
    4.3 MARKET, BY PRODUCT AND COUNTRY
        FIGURE 12 UK AND ENTERTAINMENT AND OTHER CONTROL SEGMENT ESTIMATED TO ACCOUNT FOR LARGEST SHARES OF MARKET IN 2020
    4.4 MARKET, BY COUNTRY
        FIGURE 13 SMART HOME MARKET IN GERMANY TO GROW AT HIGHEST CAGR FROM 2020 TO 2025

5 MARKET OVERVIEW (Page No. - 53)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
        FIGURE 14 RISING NEED FOR ENERGY-SAVING AND GROWING SECURITY CONCERNS TO DRIVE GROWTH OF MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Rising need for energy saving and low-carbon emission-oriented solutions
                            TABLE 2 ENERGY-SAVING POTENTIAL OF LIGHTING CONTROLS
                    5.2.1.2 Ongoing proliferation of smartphones and smart gadgets
                    5.2.1.3 Increasing number of manufacturers expanding their smart home product portfolios
                    5.2.1.4 Growing importance of home monitoring in remote locations
                    5.2.1.5 Rising awareness among people about their safety, security, and convenience
                            FIGURE 15 MARKET GROWTH PROJECTIONS CONSIDERING DRIVERS
           5.2.2 RESTRAINTS
                    5.2.2.1 High initial costs
                    5.2.2.2 More convenience-driven market rather than being necessity-driven market
                    5.2.2.3 High switching costs for existing smart device consumers
                            FIGURE 16 MARKET GROWTH PROJECTIONS CONSIDERING OPPORTUNITIES
           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
           5.2.4 CHALLENGES
                    5.2.4.1 Retrofitting existing homes
                    5.2.4.2 Linking disparate systems, limited functionalities, and lack of open standards
                    5.2.4.3 Increasing instances of cybersecurity threats to smart infrastructures
                            FIGURE 17 MARKET GROWTH PROJECTIONS CONSIDERING CHALLENGES & RESTRAINTS
    5.3 VALUE CHAIN ANALYSIS
        FIGURE 18 VALUE CHAIN ANALYSIS: MAJOR VALUE ADDED BY DEVICE MANUFACTURERS, AND TECHNOLOGY AND SERVICE PROVIDERS
           5.3.1 MAJOR STARTUPS IN EUROPEAN SMART HOME MARKET
    5.4 KEY INDUSTRY TRENDS
        FIGURE 19 KEY SMART HOME INDUSTRY TRENDS

6 TECHNOLOGY AND PROTOCOL (Page No. - 64)
    6.1 INTRODUCTION
        FIGURE 20 SMART HOME PROTOCOLS AND TECHNOLOGIES
    6.2 CELLULAR NETWORK TECHNOLOGIES
           6.2.1 CDMA NETWORKS
           6.2.2 GSM/HSPA NETWORKS
                 FIGURE 21 GSM/HSPA NETWORK SET-UP
           6.2.3 LTE NETWORKS
    6.3 PROTOCOLS AND STANDARDS
           6.3.1 DALI
                 FIGURE 22 WIRING FOR DALI FLUORESCENT DIMMING
           6.3.2 NEMA
           6.3.3 KNX
           6.3.4 DMX
           6.3.5 LONWORKS
                 FIGURE 23 LONWORKS NETWORK SET-UP
           6.3.6 ETHERNET
           6.3.7 MODBUS
           6.3.8 BACNET
           6.3.9 BLACK BOX
           6.3.10 PLC
    6.4 WIRELESS COMMUNICATION TECHNOLOGIES
        FIGURE 24 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. - 72)
    7.1 INTRODUCTION
        FIGURE 25 EUROPEAN SMART HOME MARKET, BY PRODUCT
        TABLE 3 MARKET, BY PRODUCT, 2016–2019 (USD MILLION)
        TABLE 4 MARKET, BY PRODUCT, 2020–2025 (USD MILLION)
    7.2 LIGHTING CONTROL
           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 Reduction in cost by conserving energy, thereby increasing the shelf life of lamps
                    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 benefits of lighting controls
                    7.2.1.3 Opportunities
                               7.2.1.3.1 Consumer perception undergoing paradigm shift
                               7.2.1.3.2 Mood lighting providing an opportunity in lighting controls
           7.2.2 PRODUCTS CONSIDERED UNDER LIGHTING CONTROLS
                 FIGURE 26 LIGHTING CONTROL PRODUCTS
                    7.2.2.1 Relays
                            TABLE 5 MARKET FOR LIGHTING CONTROL RELAYS, BY COUNTRY, 2016–2019 (USD MILLION)
                            TABLE 6 MARKET FOR LIGHTING CONTROL RELAYS, BY COUNTRY, 2020–2025 (USD MILLION)
                    7.2.2.2 Occupancy sensors
                            TABLE 7 MARKET FOR LIGHTING CONTROL OCCUPANCY SENSORS, BY COUNTRY, 2016–2024 (USD MILLION)
                            TABLE 8 MARKET FOR LIGHTING CONTROL OCCUPANCY SENSORS, BY COUNTRY, 2020–2025 (USD MILLION)
                    7.2.2.3 Daylight sensors
                            TABLE 9 MARKET FOR LIGHTING CONTROL DAYLIGHT SENSORS, BY COUNTRY, 2016–2019 (USD MILLION)
                            TABLE 10 MARKET FOR LIGHTING CONTROL DAYLIGHT SENSORS, BY COUNTRY, 2020–2025 (USD MILLION)
                    7.2.2.4 Timers
                            TABLE 11 MARKET FOR LIGHTING CONTROL TIMERS, BY COUNTRY, 2016–2019 (USD MILLION)
                            TABLE 12 MARKET FOR LIGHTING CONTROL TIMERS, BY COUNTRY, 2020–2025 (USD MILLION)
                    7.2.2.5 Dimmers
                            TABLE 13 MARKET FOR LIGHTING CONTROL DIMMERS, BY COUNTRY, 2016–2019 (USD MILLION)
                            TABLE 14 MARKET FOR LIGHTING CONTROL DIMMERS, BY COUNTRY, 2020–2025 (USD MILLION)
                    7.2.2.6 Switches
                            TABLE 15 MARKET FOR LIGHTING CONTROL SWITCHES, BY COUNTRY, 2016–2019 (USD MILLION)
                            TABLE 16 MARKET FOR LIGHTING CONTROL SWITCHES, BY COUNTRY, 2020–2025 (USD MILLION)
                    7.2.2.7 Accessories and other products
                            TABLE 17 MARKET FOR LIGHTING CONTROL ACCESSORIES AND OTHER PRODUCTS, BY COUNTRY, 2016–2019 (USD MILLION)
                            TABLE 18 MARKET FOR LIGHTING CONTROL ACCESSORIES AND OTHER PRODUCTS, BY COUNTRY, 2020–2025 (USD MILLION)
                            TABLE 19 MARKET FOR LIGHTING CONTROL, BY PRODUCT, 2016–2019 (USD MILLION)
                            TABLE 20 MARKET FOR LIGHTING CONTROL, BY PRODUCT, 2020–2025 (USD MILLION)
                            TABLE 21 MARKET FOR LIGHTING CONTROL, BY COUNTRY, 2016–2019 (USD MILLION)
                            TABLE 22 MARKET FOR LIGHTING CONTROL, BY COUNTRY, 2020–2025 (USD MILLION)
    7.3 SECURITY & ACCESS CONTROL
           7.3.1 MARKET DYNAMICS
                    7.3.1.1 Drivers
                               7.3.1.1.1 Multi-level/multifactor authentication to enhance authentication processes
                    7.3.1.2 Restraints
                               7.3.1.2.1 Privacy issues
                    7.3.1.3 Opportunities
                               7.3.1.3.1 Significant prospects of biometrics technologies in the security market
           7.3.2 PRODUCTS COVERED UNDER SECURITY & ACCESS CONTROL
                 FIGURE 27 SECURITY & ACCESS CONTROL PRODUCTS
                 TABLE 23 MARKET FOR SECURITY & ACCESS CONTROL, BY PRODUCT, 2016–2019 (USD MILLION)
                 TABLE 24 MARKET FOR SECURITY & ACCESS CONTROL, BY PRODUCT, 2020–2025 (USD MILLION)
                 TABLE 25 MARKET FOR SECURITY & ACCESS CONTROL, BY COUNTRY, 2016–2019 (USD MILLION)
                 TABLE 26 MARKET FOR SECURITY & ACCESS CONTROL, BY COUNTRY, 2020–2025 (USD MILLION)
                    7.3.2.1 Video surveillance
                            TABLE 27 MARKET FOR VIDEO SURVEILLANCE SYSTEMS, BY COUNTRY, 2016–2019 (USD MILLION)
                            TABLE 28 MARKET FOR VIDEO SURVEILLANCE SYSTEMS, BY COUNTRY, 2020–2025 (USD MILLION)
                               7.3.2.1.1 Hardware
                                             7.3.2.1.1.1 Security cameras
                                             7.3.2.1.1.2 IP cameras
                                             7.3.2.1.1.3 Analog cameras
                                             7.3.2.1.1.4 Storage devices
                                             7.3.2.1.1.5 Monitors
                                             7.3.2.1.1.6 Servers
                                             7.3.2.1.1.7 Accessories
                               7.3.2.1.2 Software
                                             7.3.2.1.2.1 Video analytics software
                                             7.3.2.1.2.2 Video management systems (VMS)
                                             7.3.2.1.2.3 Neural networks and algorithms
                    7.3.2.2 Access control
                            TABLE 29 EUROPEAN SMART HOME MARKET FOR ACCESS CONTROL, BY TYPE, 2016–2019 (USD MILLION)
                     &nnbsp;      TABLE 30 MARKET FOR ACCESS CONTROL, BY TYPE, 2020–2025 (USD MILLION)
                            TABLE 31 MARKET FOR ACCESS CONTROL, BY COUNTRY, 2016–2019 (USD MILLION)
                            TABLE 32 MARKET FOR ACCESS CONTROL, BY COUNTRY, 2020–2025 (USD MILLION)
                               7.3.2.2.1 Biometric access control
                                         TABLE 33 MARKET FOR BIOMETRIC ACCESS CONTROL, BY COUNTRY, 2016–2019 (USD MILLION)
                                         TABLE 34 MARKET FOR BIOMETRIC ACCESS CONTROL, BY COUNTRY, 2020–2025 (USD MILLION)
                                             7.3.2.2.1.1 Facial recognition
                                             7.3.2.2.1.2 Iris recognition
                                             7.3.2.2.1.3 Fingerprint recognition
                                             7.3.2.2.1.4 Others
                               7.3.2.2.2 Non-biometric access control
                                         TABLE 35 MARKET FOR NON-BIOMETRIC ACCESS CONTROL, BY COUNTRY, 2016–2019 (USD MILLION)
                                         TABLE 36 MARKET FOR NON-BIOMETRIC ACCESS CONTROL, BY COUNTRY, 2020–2025 (USD MILLION)
    7.4 HVAC CONTROL
           7.4.1 MARKET DYNAMICS
                    7.4.1.1 Drivers
                               7.4.1.1.1 Flexibility and ease of accessing HVAC systems
                               7.4.1.1.2 Reducing long-term energy cost through enhanced hardware, integrated control systems, and management services
                    7.4.1.2 Restraints
                               7.4.1.2.1 Lack of interoperability and standardization act as major restraints for HVAC systems
                               7.4.1.2.2 Lack of awareness about benefits of HVAC systems
                    7.4.1.3 Opportunities
                               7.4.1.3.1 Innovation in development of sensors and controls
           7.4.2 PRODUCTS COVERED UNDER HVAC CONTROL
                 FIGURE 28 HVAC CONTROL PRODUCTS AND COMPONENTS
                 TABLE 37 MARKET FOR HVAC CONTROL, BY PRODUCT, 2016–2019 (USD MILLION)
                 TABLE 38 MARKET FOR HVAC CONTROL, BY PRODUCT, 2020–2025 (USD MILLION)
                 TABLE 39 MARKET FOR HVAC CONTROL, BY COUNTRY, 2016–2019 (USD MILLION)
                 TABLE 40 MARKET FOR HVAC CONTROL, BY COUNTRY, 2020–2025 (USD MILLION)
                    7.4.2.1 Smart thermostats
                            TABLE 41 MARKET FOR HVAC CONTROL SMART THERMOSTATS, BY COUNTRY, 2016–2019 (USD MILLION)
                            TABLE 42 MARKET FOR HVAC CONTROL SMART THERMOSTATS, BY COUNTRY, 2020–2025 (USD MILLION)
                    7.4.2.2 Sensors
                            TABLE 43 MARKET FOR HVAC CONTROL SENSORS, BY COUNTRY, 2016–2019 (USD MILLION)
                            TABLE 44 MARKET FOR HVAC CONTROL SENSORS, BY COUNTRY, 2020–2025 (USD MILLION)
                    7.4.2.3 Control valves
                            TABLE 45 MARKET FOR HVAC CONTROL VALVES, BY COUNTRY, 2016–2019 (USD MILLION)
                            TABLE 46 MARKET FOR HVAC CONTROL VALVES, BY COUNTRY, 2020–2025 (USD MILLION)
                    7.4.2.4 Heating and cooling coils
                            TABLE 47 MARKET FOR HVAC CONTROL HEATING AND COOLING COILS, BY COUNTRY, 2016–2019 (USD MILLION)
                            TABLE 48 MARKET FOR HVAC CONTROL HEATING AND COOLING COILS, BY COUNTRY, 2020–2025 (USD MILLION)
                    7.4.2.5 Dampers
                            TABLE 49 MARKET FOR HVAC CONTROL DAMPERS, BY COUNTRY, 2016–2019 (USD MILLION)
                            TABLE 50 MARKET FOR HVAC CONTROL DAMPERS, BY COUNTRY, 2020–2025 (USD MILLION)
                    7.4.2.6 Actuators
                            TABLE 51 MARKET FOR HVAC CONTROL ACTUATORS, BY COUNTRY, 2016–2019 (USD MILLION)
                            TABLE 52 MARKET FOR HVAC CONTROL ACTUATORS, BY COUNTRY, 2020–2025 (USD MILLION)
                    7.4.2.7 Pumps and fans
                            TABLE 53 MARKET FOR HVAC CONTROL PUMPS AND FANS, BY COUNTRY, 2016–2019 (USD MILLION)
                            TABLE 54 MARKET FOR HVAC CONTROL PUMPS AND FANS, BY COUNTRY, 2020–2025 (USD MILLION)
                    7.4.2.8 Smart vents
                            TABLE 55 EUROPEAN SMART HOME MARKET FOR HVAC CONTROL SMART VENTS, BY COUNTRY, 2016–2019 (USD MILLION)
                            TABLE 56 MARKET FOR HVAC CONTROL SMART VENTS, BY COUNTRY, 2020–2025 (USD MILLION)
    7.5 ENTERTAINMENT AND OTHER CONTROL
           7.5.1 MARKET DYNAMICS
                    7.5.1.1 Drivers
                               7.5.1.1.1 Changing lifestyle
                               7.5.1.1.2 Enhanced comfort
                    7.5.1.2 Restraints
                               7.5.1.2.1 High cost of entertainment control systems
                    7.5.1.3 Opportunities
                               7.5.1.3.1 3D gesture-based remote control to be the next big thing in entertainment controls
                                         TABLE 57 MARKET FOR ENTERTAINMENT AND OTHER CONTROL, BY TYPE, 2016–2019 (USD MILLION)
                                         TABLE 58 EUROPEAN SMART HOME MARKET FOR ENTERTAINMENT AND OTHER CONTROL, BY TYPE, 2020–2025 (USD MILLION)
           7.5.2 PRODUCTS COVERED UNDER ENTERTAINMENT AND OTHER CONTROL
                 FIGURE 29 ENTERTAINMENT AND OTHER CONTROL PRODUCTS
                    7.5.2.1 Audio, volume, and multimedia controls
                    7.5.2.2 Home theater system controls
                    7.5.2.3 Touchscreens and keypads
                            TABLE 59 MARKET FOR ENTERTAINMENT AND OTHER CONTROL, BY PRODUCT, 2016–2019 (USD MILLION)
                            TABLE 60 MARKET FOR ENTERTAINMENT AND OTHER CONTROL, BY PRODUCT, 2020–2025 (USD MILLION)
                            TABLE 61 MARKET FOR ENTERTAINMENT AND OTHER CONTROL, BY COUNTRY, 2016–2019 (USD MILLION)
                            TABLE 62 EUROPEAN SMART HOME MARKET FOR ENTERTAINMENT AND OTHER CONTROL, BY COUNTRY, 2020–2025 (USD MILLION)
           7.5.3 PRODUCTS COVERED UNDER OTHER CONTROL
                 FIGURE 30 OTHER CONTROL PRODUCTS
                 TABLE 63 MARKET FOR OTHER CONTROLS, BY PRODUCT, 2016–2019 (USD MILLION)
                 TABLE 64 MARKET FOR OTHER CONTROLS, BY PRODUCT, 2020–2025 (USD MILLION)
                 TABLE 65 MARKET FOR OTHER CONTROLS, BY COUNTRY, 2016–2019 (USD MILLION)
                 TABLE 66 MARKET FOR OTHER CONTROLS, BY COUNTRY, 2020–2025 (USD MILLION)
                    7.5.3.1 Smart meters
                            TABLE 67 MARKET FOR SMART METERS, BY COUNTRY, 2016–2019 (USD MILLION)
                            TABLE 68 EUROPEAN SMART HOME MARKET FOR SMART METERS, BY COUNTRY, 2020–2025 (USD MILLION)
                    7.5.3.2 Smart plugs
                            TABLE 69 MARKET FOR SMART PLUGS, BY COUNTRY, 2016–2019 (USD MILLION)
                            TABLE 70 MARKET FOR SMART PLUGS, BY COUNTRY, 2020–2025 (USD MILLION)
                    7.5.3.3 Smart hubs
                            TABLE 71 MARKET FOR SMART HUBS, BY COUNTRY, 2016–2019 (USD MILLION)
                            TABLE 72 MARKET FOR SMART HUBS, BY COUNTRY, 2020–2025 (USD MILLION)
                    7.5.3.4 Smart locks
                            TABLE 73 MARKET FOR SMART LOCKS, BY COUNTRY, 2016–2019 (USD MILLION)
                            TABLE 74 MARKET FOR SMART LOCKS, BY COUNTRY, 2020–2025 (USD MILLION)
                    7.5.3.5 Smoke detectors
                            TABLE 75 MARKET FOR SMOKE DETECTORS, BY COUNTRY, 2016–2019 (USD MILLION)
                            TABLE 76 MARKET FOR SMOKE DETECTORS, BY COUNTRY, 2020–2025 (USD MILLION)
    7.6 SMART SPEAKER
           7.6.1 MARKET DYNAMICS
                    7.6.1.1 Drivers
                               7.6.1.1.1 Increasing number of smart homes in Europe
                               7.6.1.1.2 Rapid proliferation of multifunctional devices
                               7.6.1.1.3 Growing trend of personalization
                    7.6.1.2 Restraints
                               7.6.1.2.1 Issues related to connectivity range, compatibility, and power
                    7.6.1.3 Opportunities
                               7.6.1.3.1 Increasing consumer preference for technologically advanced products
                                         FIGURE 31 CONCEPTUAL FRAMEWORK ON CONSUMER ACCEPTANCE OF NEW TECHNOLOGIES
                               7.6.1.3.2 Increasing focus of companies on enhancing customer experience
                                         FIGURE 32 TIMELINE OF SMART SPEAKERS OFFERED BY KEY PLAYERS
                                         TABLE 77 MARKET FOR SMART SPEAKER, BY COUNTRY, 2016–2019 (USD MILLION)
                                         TABLE 78 MARKET FOR SMART SPEAKER, BY COUNTRY, 2020–2025 (USD MILLION)
    7.7 HOME HEALTHCARE
           7.7.1 MARKET DYNAMICS
                    7.7.1.1 Drivers
                               7.7.1.1.1 Changing demographics to positively affect home health systems
                    7.7.1.2 Opportunities
                               7.7.1.2.1 Emerging market for smart wearables to drive home healthcare
                                         TABLE 79 EUROPEAN SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2016–2019 (USD MILLION)
                                         TABLE 80 MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2020–2025 (USD MILLION)
                                         TABLE 81 MARKET FOR HOME HEALTHCARE, BY COUNTRY, 2016–2019 (USD MILLION)
                                         TABLE 82 MARKET FOR HOME HEALTHCARE, BY COUNTRY, 2020–2025 (USD MILLION)
           7.7.2 PRODUCTS COVERED UNDER HOME HEALTHCARE
                 FIGURE 33 HOME HEALTHCARE PRODUCTS
                    7.7.2.1 Health status monitors
                               7.7.2.1.1 Fitness and heart rate monitors
                               7.7.2.1.2 Blood pressure monitors
                               7.7.2.1.3 Blood glucose meters
                               7.7.2.1.4 Continuous glucose monitors
                               7.7.2.1.5 Pulse oximeters
                               7.7.2.1.6 Fall detectors
                                         TABLE 83 EUROPEAN SMART HOME MARKET FOR HEALTH STATUS MONITORS, BY COUNTRY, 2016–2019 (USD MILLION)
                                         TABLE 84 MARKET FOR HEALTH STATUS MONITORS, BY COUNTRY, 2020–2025 (USD MILLION)
                    7.7.2.2 Physical activity monitors
                            TABLE 85 EUROPEAN SMART HOME MARKET FOR PHYSICAL ACTIVITY MONITORS, BY COUNTRY, 2016–2019 (USD MILLION)
                            TABLE 86 MARKET FOR PHYSICAL ACTIVITY MONITORS, BY COUNTRY, 2020–2025 (USD MILLION)
    7.8 SMART KITCHEN
           7.8.1 MARKET DYNAMICS
                    7.8.1.1 Drivers
                               7.8.1.1.1 Changing lifestyles and preferences of consumers
                    7.8.1.2 Restraints
                               7.8.1.2.1 High prices of smart kitchen appliances
                                         TABLE 87 EUROPEAN SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2016–2019 (USD MILLION)
                                         TABLE 88 MARKET FOR SMART KITCHEN, BY PRODUCT, 2020–2025 (USD MILLION)
                                         TABLE 89 MARKET FOR SMART KITCHEN, BY COUNTRY, 2016–2019 (USD MILLION)
                                         TABLE 90 MARKET FOR SMART KITCHEN, BY COUNTRY, 2020–2025 (USD MILLION)
           7.8.2 PRODUCTS COVERED UNDER SMART KITCHEN
                 FIGURE 34 SMART KITCHEN PRODUCTS
                    7.8.2.1 Smart refrigerators
                            TABLE 91 EUROPEAN SMART HOME MARKET FOR SMART REFRIGERATORS, BY COUNTRY, 2016–2019 (USD MILLION)
                            TABLE 92 MARKET FOR SMART REFRIGERATORS, BY COUNTRY, 2020–2025 (USD MILLION)
                    7.8.2.2 Smart coffee makers
                            TABLE 93 MARKET FOR SMART COFFEE MAKERS, BY COUNTRY, 2016–2019 (USD MILLION)
                            TABLE 94 MARKET FOR SMART COFFEE MAKERS, BY COUNTRY, 2020–2025 (USD MILLION)
                    7.8.2.3 Smart kettles
                            TABLE 95 MARKET FOR SMART KETTLES, BY COUNTRY, 2016–2019 (USD MILLION)
                            TABLE 96 MARKET FOR SMART KETTLES, BY COUNTRY, 2020–2025 (USD MILLION)
                    7.8.2.4 Smart dishwashers
                            TABLE 97 MARKET FOR SMART DISHWASHERS, BY COUNTRY, 2016–2019 (USD MILLION)
                            TABLE 98 MARKET FOR SMART DISHWASHERS, BY COUNTRY, 2020–2025 (USD MILLION)
                    7.8.2.5 Smart ovens
                            TABLE 99 MARKET FOR SMART OVENS, BY COUNTRY, 2016–2019 (USD MILLION)
                            TABLE 100 MARKET FOR SMART OVENS, BY COUNTRY, 2020–2025 (USD MILLION)
                    7.8.2.6 Smart cooktops
                            TABLE 101 MARKET FOR SMART COOKTOPS, BY COUNTRY, 2016–2019 (USD MILLION)
                            TABLE 102 MARKET FOR SMART COOKTOPS, BY COUNTRY, 2020–2025 (USD MILLION)
                    7.8.2.7 Smart cookers
                            TABLE 103 MARKET FOR SMART COOKERS, BY COUNTRY, 2016–2019 (USD MILLION)
                            TABLE 104 MARKET FOR SMART COOKERS, BY COUNTRY, 2020–2025 (USD MILLION)
    7.9 HOME APPLIANCES
           7.9.1 MARKET DYNAMICS
                    7.9.1.1 Drivers
                               7.9.1.1.1 Availability of wireless solutions
                               7.9.1.1.2 Rising cost of energy would increase adoption of smart appliances
                    7.9.1.2 Restraints
                               7.9.1.2.1 Privacy concerns
                               7.9.1.2.2 Lack of awareness about smart appliances
                    7.9.1.3 Opportunities
                               7.9.1.3.1 Machine-to-machine (M2M) communication to provide new growth opportunities
           7.9.2 PRODUCTS COVERED UNDER HOME APPLIANCES
                 FIGURE 35 HOME APPLIANCES PRODUCTS
                    7.9.2.1 Smart washers
                    7.9.2.2 Smart dryers
                    7.9.2.3 Smart water heaters
                    7.9.2.4 Smart vacuum cleaners
                            TABLE 105 EUROPEAN SMART MARKET FOR HOME APPLIANCES, BY PRODUCT, 2016–2019 (USD MILLION)
                            TABLE 106 EUROPEAN SMART MARKET FOR HOME APPLIANCES, BY PRODUCT, 2020–2025 (USD MILLION)
                            TABLE 107 EUROPEAN SMART HOME MARKET FOR HOME APPLIANCES, BY COUNTRY, 2016–2019 (USD MILLION)
                            TABLE 108 MARKET FOR HOME APPLIANCES, BY COUNTRY, 2020–2025 (USD MILLION)
    7.1 SMART FURNITURE
           7.10.1 MARKET DYNAMICS
                    7.10.1.1 Drivers
                               7.10.1.1.1 Advancing lifestyle
                    7.10.1.2 Restraints
                               7.10.1.2.1 Reluctance toward adopting new technology
                               7.10.1.2.2 High price over traditional furniture
           7.10.2 PRODUCTS COVERED UNDER SMART FURNITURE
                 FIGURE 36 SMART FURNITURE PRODUCTS
                 TABLE 109 MARKET FOR SMART FURNITURE, BY PRODUCT, 2016–2019 (USD MILLION)
                 TABLE 110 MARKET FOR SMART FURNITURE, BY PRODUCT, 2020–2025 (USD MILLION)
                 TABLE 111 MARKET FOR SMART FURNITURE, BY COUNTRY, 2016–2019 (USD MILLION)
                 TABLE 112 MARKET FOR SMART FURNITURE, BY COUNTRY, 2020–2025 (USD MILLION)
                    7.10.2.1 Smart tables
                             TABLE 113 MARKET FOR SMART TABLES, BY COUNTRY, 2016–2019 (USD MILLION)
                             TABLE 114 MARKET FOR SMART TABLES, BY COUNTRY, 2020–2025 (USD MILLION)
                    7.10.2.2 Smart desks
                             TABLE 115 MARKET FOR SMART DESKS, BY COUNTRY, 2016–2019 (USD MILLION)
                             TABLE 116 MARKET FOR SMART DESKS, BY COUNTRY, 2020–2025 (USD MILLION)
                    7.10.2.3 Smart stools & benches
                             TABLE 117 MARKET FOR SMART STOOLS & BENCHES, BY COUNTRY, 2016–2019 (USD MILLION)
                             TABLE 118 MARKET FOR SMART STOOLS & BENCHES, BY COUNTRY, 2020–2025 (USD MILLION)
                    7.10.2.4 Smart sofas
                             TABLE 119 MARKET FOR SMART SOFAS, BY COUNTRY, 2016–2024 (USD MILLION)
                             TABLE 120 MARKET FOR SMART SOFAS, BY COUNTRY, 2020–2025 (USD MILLION)
                    7.10.2.5 Smart chairs
                             TABLE 121 EUROPEAN SMART HOME MARKET FOR SMART CHAIRS, BY COUNTRY, 2016–2019 (USD MILLION)
                             TABLE 122 MARKET FOR SMART CHAIRS, BY COUNTRY, 2020–2025 (USD MILLION)

8 SMART HOME MARKET, BY SOFTWARE & SERVICE (Page No. - 153)
    8.1 INTRODUCTION
        FIGURE 37 MARKET, BY SOFTWARE & SERVICE
        TABLE 123 MARKET, BY SOFTWARE & SERVICE, 2016–2019 (USD BILLION)
        TABLE 124 MARKET, BY SOFTWARE & SERVICE, 2020–2025 (USD BILLION)
    8.2 BEHAVIORAL TYPE SOFTWARE AND SERVICES
           8.2.1 BEHAVIORAL SEGMENT TO HOLD LARGE SIZE OF MARKET FROM 2020 TO 2025
    8.3 PROACTIVE SOFTWARE AND SERVICES
           8.3.1 PROACTIVE SEGMENT OF MARKET TO GROW AT HIGH CAGR FROM 2020 TO 2025

9 GEOGRAPHIC ANALYSIS (Page No. - 157)
    9.1 INTRODUCTION
           9.1.1 REGULATORY FRAMEWORKS
    9.2 EUROPE
        FIGURE 38 MARKET SNAPSHOT
        TABLE 125 MARKET, BY COUNTRY, 2016–2019 (USD MILLION)
        TABLE 126 MARKET, BY COUNTRY, 2020–2025 (USD MILLION)
           9.2.1 UK
                    9.2.1.1 UK to lead the smart home market in Europe
                    9.2.1.2 Demand for energy-saving and long-lasting lighting systems
                            TABLE 127 SMART HOME MARKET IN UK, BY PRODUCT, 2016–2019 (USD MILLION)
                            TABLE 128 SMART HOME MARKET IN UK, BY PRODUCT, 2020–2025 (USD MILLION)
           9.2.2 GERMANY
                    9.2.2.1 Rising demand for smart lighting solution in homes driving the market
                    9.2.2.2 Increasing penetration of LED lights and luminaires
                            TABLE 129 SMART HOME MARKET IN GERMANY, BY PRODUCT, 2016–2019 (USD MILLION)
                            TABLE 130 SMART HOME MARKET IN GERMANY, BY PRODUCT, 2020–2025 (USD MILLION)
           9.2.3 FRANCE
                    9.2.3.1 rising demand for Security and access controls in france leading to growth of smart home market in country
                    9.2.3.2 Increasing awareness of energy conservation
                            TABLE 131 SMART HOME MARKET IN FRANCE, BY PRODUCT, 2016–2019 (USD MILLION)
                            TABLE 132 SMART HOME MARKET IN FRANCE, BY PRODUCT, 2020–2025 (USD MILLION)
           9.2.4 ITALY
                    9.2.4.1 High demand of smart lighting in smart homes
                            TABLE 133 SMART HOME MARKET IN ITALY, BY PRODUCT, 2016–2019 (USD MILLION)
                            TABLE 134 SMART HOME MARKET IN ITALY, BY PRODUCT, 2020–2025 (USD MILLION)
           9.2.5 REST OF EUROPE (ROE)
                 TABLE 135 SMART HOME MARKET IN ROE, BY PRODUCT, 2016–2019 (USD MILLION)
                 TABLE 136 SMART HOME MARKET IN ROE, BY PRODUCT, 2020–2025 (USD MILLION)

10 COMPETITIVE LANDSCAPE (Page No. - 168)
     10.1 OVERVIEW
          FIGURE 39 KEY PLAYERS ADOPTED INORGANIC GROWTH STRATEGIES FROM 2017 TO 2019 TO STRENGTHEN THEIR POSITION IN MARKET
     10.2 KEY PLAYERS IN MARKET
          FIGURE 40 MARKET MARKET SHARE ANALYSIS, 2019
             10.2.1 PRODUCT LAUNCHES
                    TABLE 137 PRODUCT LAUNCHES, 2017–2019
             10.2.2 AGREEMENTS, PARTNERSHIPS, AND COLLABORATIONS
                    TABLE 138 AGREEMENTS, PARTNERSHIPS, AND COLLABORATIONS, 2017–2019
             10.2.3 ACQUISITIONS
                    TABLE 139 ACQUISITIONS, 2017–2019
     10.3 COMPETITIVE LEADERSHIP MAPPING
             10.3.1 VISIONARY LEADERS
             10.3.2 INNOVATORS
             10.3.3 DYNAMIC DIFFERENTIATORS
             10.3.4 EMERGING PLAYERS
                    FIGURE 41 MARKET COMPETITIVE LEADERSHIP MAPPING, 2019
     10.4 STRENGTH OF PRODUCT PORTFOLIO ANALYSIS (25 COMPANIES)
          FIGURE 42 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN MARKET
     10.5 BUSINESS STRATEGY EXCELLENCE ANALYSIS (25 COMPANIES)
          FIGURE 43 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN MARKET

11 COMPANY PROFILES (Page No. - 177)
(Business overview, Products offered, Recent developments, SWOT analysis & MnM View)*
     11.1 KEY PLAYERS
             11.1.1 HONEYWELL
                    FIGURE 44 HONEYWELL : COMPANY SNAPSHOT
             11.1.2 SIEMENS
                    FIGURE 45 SIEMENS : COMPANY SNAPSHOT
             11.1.3 JOHNSON CONTROLS
                    FIGURE 46 JOHNSON CONTROLS: COMPANY SNAPSHOT
             11.1.4 SCHNEIDER ELECTRIC
                    FIGURE 47 SCHNEIDER ELECTRIC : COMPANY SNAPSHOT
             11.1.5 UNITED TECHNOLOGIES CORPORATION
                    FIGURE 48 UNITED TECHNOLOGIES CORPORATION: COMPANY SNAPSHOT
             11.1.6 AMAZON
                    FIGURE 49 AMAZON : COMPANY SNAPSHOT
             11.1.7 APPLE
                    FIGURE 50 APPLE : COMPANY SNAPSHOT
             11.1.8 ADT
                    FIGURE 51 ADT: COMPANY SNAPSHOT
             11.1.9 ROBERT BOSCH
                    FIGURE 52 ROBERT BOSCH : COMPANY SNAPSHOT
             11.1.10 ASSA ABLOY
                     FIGURE 53 ASSA ABLOY: COMPANY SNAPSHOT
             11.1.11 ABB
                     FIGURE 54 ABB : COMPANY SNAPSHOT
             11.1.12 RIGHT TO WIN
     11.2 OTHER KEY COMPANIES
             11.2.1 SAMSUNG ELECTRONICS
             11.2.2 SONY
             11.2.3 INGERSOLL-RAND
             11.2.4 DELTA CONTROLS
             11.2.5 CONTROL4 CORP
             11.2.6 AXIS COMMUNICATIONS
             11.2.7 COMCAST
             11.2.8 ALARM.COM
             11.2.9 VIVINT
             11.2.10 SIMPLISAFE
             11.2.11 ARMORAX
             11.2.12 GENERAL ELECTRIC
             11.2.13 LUTRON ELECTRONICS
             11.2.14 LEGRAND

*Details on Business overview, Products offered, Recent developments, SWOT analysis & MnM View might not be captured in case of unlisted companies.

12 ADJACENT AND RELATED MARKET (Page No. - 228)
     12.1 INTRODUCTION
     12.2 LIMITATIONS
     12.3 HOME SECURITY SOLUTION MARKET
             12.3.1 MARKET DEFINITION
             12.3.2 MARKET OVERVIEW
     12.4 HOME SECURITY SOLUTION MARKET BY SYSTEMS
          FIGURE 55 VIDEO SURVEILLANCE SYSTEM SEGMENT TO REGISTER THE HIGHEST CAGR DURING FORECAST PERIOD
          TABLE 140 HOME SECURITY SYSTEMS MARKET, BY SYSTEMS, 2017–2025 (USD BILLION)
     12.5 HOME SECURITY SOLUTION MARKET, BY SERVICES
          FIGURE 56 VIDEO SURVEILLANCE SERVICES SEGMENT TO REGISTER THE HIGHEST CAGR DURING THE FORECAST PERIOD
          TABLE 141 HOME SECURITY SYSTEMS MARKET, BY SERVICES, 2017–2025 (USD MILLION)
     12.6 HOME SECURITY SOLUTION MARKET BY REGION
          FIGURE 57 GEOGRAPHIC ANALYSIS: HOME SECURITY SYSTEMS MARKET (2020–2025)
          TABLE 142 HOME SECURITY SYSTEMS MARKET, BY REGION, 2017–2025 (USD BILLION)
             12.6.1 AMERICAS
                    TABLE 143 HOME SECURITY SYSTEMS MARKET IN THE AMERICAS, BY SYSTEMS, 2017–2025 (USD MILLION)
                    TABLE 144 HOME SECURITY SYSTEMS MARKET IN THE AMERICAS, BY SERVICES, 2017–2025 (USD MILLION)
             12.6.2 EUROPE
                    TABLE 145 HOME SECURITY SYSTEMS MARKET IN EUROPE, BY SYSTEMS, 2017–2025 (USD MILLION)
                    TABLE 146 HOME SECURITY SYSTEMS MARKET IN EUROPE, BY SERVICES, 2017–2025 (USD MILLION)
             12.6.3 APAC
                    TABLE 147 HOME SECURITY SYSTEMS MARKET IN APAC, BY SYSTEMS, 2017–2025 (USD MILLION)
                    TABLE 148 HOME SECURITY SYSTEMS MARKET IN APAC, BY SERVICES, 2017–2025 (USD MILLION)
             12.6.4 ROW
                    TABLE 149 HOME SECURITY SYSTEMS MARKET IN ROW, BY SYSTEMS, 2017–2025 (USD MILLION)
                    TABLE 150 HOME SECURITY SYSTEMS MARKET IN ROW, BY SERVICES, 2017–2025 (USD MILLION)

13 APPENDIX (Page No. - 237)
     13.1 INSIGHTS OF INDUSTRY EXPERTS
     13.2 DISCUSSION GUIDE
     13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     13.4 AVAILABLE CUSTOMIZATIONS
     13.5 RELATED REPORTS
     13.6 AUTHOR DETAILS

The study involved four major activities in estimating the current size of the European smart home market. Exhaustive secondary research has been done to collect information about the market, the peer markets, and the parent market. Validating findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation methods have been used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources have been referred to for identifying and collecting information pertinent to this study. Secondary sources include annual reports, press releases, investor presentations, white papers, journals & certified publications, and articles from recognized authors, directories, and databases. Secondary research has been conducted to obtain important information about the industry’s supply chain, value chain, the total pool of key players, market segmentation according to the industry trends (to the bottommost level), geographic markets, and key developments from both market and technology oriented perspectives.

Primary Research

Extensive primary research has been conducted after gaining knowledge about the European smart home market scenario through secondary research. Several primary interviews have been conducted with market experts from both demand (commercial application providers) and supply (equipment manufacturers and distributors) sides across four major regions: North America, Europe, and APAC. Approximately 80% and 20% of primary interviews have been conducted with parties from demand and supply sides, respectively. The primary data has been collected through questionnaires, emails, and telephonic interviews.

European Smart Homes Market Size, and Share

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 total size of the European smart home market. These methods have also been used extensively to estimate the size of various market subsegments. The research methodology used to estimate the market size includes the following:

  • Key players in major applications and markets were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size—using the estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the areas of lighting control, security and access control, HVAC control, entertainment & other controls, smart speaker, home healthcare, smart kitchen, home appliances, and smart furniture.

European Smart Homes Market Bottom-Up Approach

Research Objective

  • To define, describe, and forecast the European smart home market, in terms of value, based on software & services, product, and country
  • To define, describe, and forecast the European smart home market, in terms of value, for software and services necessary for establishing and ensuring the efficient working of smart home systems
  • To define and describe the technologies and protocols used in European smart homes
  • To forecast the market, in terms of value, for various segments with respect to countries—UK, Germany, France, Italy, and Rest of Europe
  • To strategically analyze the micromarkets2 with respect to individual growth trends, prospects, and contribution to the overall market
  • To identify drivers, restraints, opportunities, and challenges impacting the growth of the market and submarkets
  • To analyze the smart home value chain, along with providing information on the opportunities for the value chain participants
  • To provide key trends in the European smart home market
  • To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the European smart home ecosystem
  • To strategically profile the key players in the smart home market and comprehensively analyze their market shares and core competencies3 in each segment
  • To analyze competitive developments such as product launches, alliances and partnerships, joint ventures, and mergers and acquisitions in the European smart home market

Available Customizations

Along with the market data, MarketsandMarkets offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (Up to 5)

Critical Questions

  • What are the new application areas that European smart home product/solution providers are exploring?
  • Who are key players in the market, and how intense is the competition?
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