Smart Home Market

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

Report Code: SE 3172 Jun, 2020, by marketsandmarkets.com
COVID-19

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[319 Pages Report] The global smart home market size is expected to grow from USD 78.3 billion in 2020 to USD 135.3 billion by 2025, at a CAGR of 11.6% 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.

Smart Home Market

COVID-19 impact on the smart home market

The COVID-19 pandemic has severely impacted the growth of the global smart home industry. Global sales are expected to decline by 5-10% in this fiscal year, depending upon the progression of the virus spread. The impact of COVID-19 on major markets such as the US and China has been adverse, as supply chain disruption in China has resulted in a decline in demand for smart home systems in China. The decrease in the number of new construction projects and the temporary shutdown of manufacturing facilities are some of the factors hampering the market growth in China. The market in the US is expected to witness higher growth in comparison to other countries in the Americas. However, limited adoption of smart home systems for the short term and the ongoing trade war with China are expected to affect the growth of the smart home market in the region.

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 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: Risks of device malfunctioning

Smart home systems are widely dependent on device interconnectivity standards, communication protocols, and network technologies. The entire operation of smart home products depends on the interoperability of all the devices. The smart home ecosystem includes the hardware, software, and service segments. For the efficient and reliable functioning of every single product, the smooth and collective operation of all three segments is highly essential. The malfunctioning or disconnection of any of these three may lead to several complications for the homeowners, in terms of cost and technical complexities. It is, therefore, a major challenge for the smart home solution providers to eliminate the risks of device malfunctioning and ensure their smooth functioning. However, smart home device manufactures are signing collaboration or partnership agreements with software and connectivity technology providers to design innovative offerings specific to the market, which could help them overcome the challenge of interoperability, thereby reducing the chances of device malfunctioning.

“Entertainment and other controls segment to hold the largest share of the 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 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 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 the smart home 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

“Market in APAC is expected to grow at a significant rate during the forecast period.”

The smart home market in APAC is expected to grow at the highest rate during the forecast period. Factors driving the growth of the market in this region include strong economic growth, increased population, and improved standard of living, and rapid urbanization that leads to a sophisticated infrastructure. China is likely to account for the largest size of the smart home market in APAC in 2019. However, with the growth of the smart home industry and large-scale implementation of hardware and software solutions in smart homes in China and Japan, the market in these countries is expected to grow at a higher rate during the forecast period. APAC is considered as a huge market for smart homes because of the considerable rate of implementation of various products such as lighting controls, HVAC controls, security and access controls, among others, in the region.

Smart Home Market by Region

Key Players

In 2019, the 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 the smart home market include product launches and development, partnerships, and mergers and acquisition.

Scope of the Report:

Report Metrics

Details

Market size available for years

2016–2025

Base year

2019

Forecast period

2020–2025

Units

Value (USD Million/Billion), Shipment (Thousand/ Million)

Segments covered

Product, Software and Service, and Region

Geographic regions covered

North America, APAC, Europe, and RoW

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), GE (US), Comcast Corp. (US), Hubbell Inc. (US), Samsung Electronics Co., Ltd. (South Korea), LG Electronics (South Korea), Sony (Japan), Control4 Corp. (US), Lutron Electronics Co. Inc. (US), Vivint (US), and Axis Communication AB (Sweden), among others.

This report categorizes the 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:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Rest of Europe (Russia, Netherlands, Denmark, Slovenia, Sweden, Finland, Norway, Romania, Bulgaria, Switzerland, and Poland)
  • Asia Pacific (APAC)
    • China
    • Japan
    • South Korea
    • Australia
    • Rest of APAC (Taiwan, Singapore, Indonesia, Malaysia, South East Asia, and Thailand)
  • Rest of the World (RoW)
    • South America
    • Middle East
    • Africa

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. - 43)
    1.1 STUDY OBJECTIVES
    1.2 DEFINITION
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 MARKET SCOPE
           1.3.1 MARKETS COVERED
                    FIGURE 1 MARKET SEGMENTATION
           1.3.2 PRODUCTS COVERED UNDER EACH MAJOR CATEGORY
    1.4 YEARS CONSIDERED
    1.5 CURRENCY
    1.6 PACKAGE SIZE
    1.7 LIMITATIONS
    1.8 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 48)
    FIGURE 2 SMART HOME MARKET: RESEARCH DESIGN
    2.1 FACTOR ANALYSIS
           2.1.1 DEMAND-SIDE ANALYSIS
                    2.1.1.1 Growing demand in the real estate industry
                    FIGURE 3 ESTIMATED SIZE OF GLOBAL REAL ESTATE MARKET (USD TRILLION)
                    2.1.1.2 High adoption of access control solutions owing to increasing crime rates globally
                               TABLE 1 TOP 10 COUNTRIES WITH HIGHEST NUMBER OF TERROR ATTACKS AND FATALITIES, 2018
           2.1.2 SUPPLY-SIDE ANALYSIS
                    2.1.2.1 Prices of smart home solutions likely to decline due to high growth in wireless technologies & IOT
                               FIGURE 4 GROWTH IN WIRELESS TECHNOLOGIES EXPECTED TO IMPACT SUPPLY SIDE
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
                    FIGURE 7 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 Key industry insights
                    2.4.2.2 Breakdown of primaries
    2.5 ASSUMPTIONS

3 EXECUTIVE SUMMARY (Page No. - 59)
    FIGURE 8 COMPARATIVE ANALYSIS PRE- AND POST-COVID-19 IMPACT ON SMART HOME MARKET
    TABLE 2 COVID-19 IMPACT ANALYSIS FOR SMART HOME MARKET, 2017–2025 (USD MILLION)
    FIGURE 9 ENTERTAINMENT AND OTHER CONTROLS TO HOLD LARGEST MARKET SHARE DURING THE FORECAST PERIOD
    FIGURE 10 BEHAVIORAL SOFTWARE AND SERVICES TO HOLD LARGER SHARE OF SMART HOME MARKET BY 2025
    FIGURE 11 NORTH AMERICA DOMINATED SMART HOME MARKET IN 2019

4 PREMIUM INSIGHTS (Page No. - 65)
    4.1 ATTRACTIVE OPPORTUNITIES IN SMART HOME MARKET
           FIGURE 12 SMART HOME MARKET TO GROW AT SIGNIFICANT CAGR DURING FORECAST PERIOD
    4.2 SMART HOME MARKET, BY PRODUCT
           FIGURE 13 ENTERTAINMENT AND OTHER CONTROLS SEGMENT TO HOLD LARGEST SHARE OF SMART HOME MARKET BY 2025
    4.3 SMART HOME MARKET, BY PRODUCT AND REGION
           FIGURE 14 NORTH AMERICA AND ENTERTAINMENT & OTHER CONTROLS TO DOMINATE THE SMART HOME MARKET BY 2020
    4.4 SMART HOME MARKET, BY REGION
           FIGURE 15 US DOMINATED THE SMART HOME MARKET IN 2019

5 MARKET OVERVIEW (Page No. - 68)
    5.1 INTRODUCTION
    5.2 EVOLUTION
           FIGURE 16 EVOLUTION OF SMART HOMES
    5.3 MARKET DYNAMICS
           FIGURE 17 INCREASING ADOPTION OF SMART DEVICES COUPLED WITH IMPORTANCE OF HOME MONITORING FROM REMOTE LOCATIONS TO DRIVE SMART HOME MARKET
           5.3.1 DRIVERS
                    5.3.1.1 Increasing number of internet users and growing adoption of smart devices
                               FIGURE 18 INTERNET USERS TILL MARCH 2020, BY REGION
                    5.3.1.2 Increasing disposable income of people in developing economies
                               FIGURE 19 GDP PER CAPITA IN INDIA AND CHINA
                    5.3.1.3 Increasing importance of home monitoring in remote locations
                    5.3.1.4 Growing need for energy-saving and low carbon emission-oriented solutions
                               TABLE 3 ENERGY-SAVING POTENTIAL OF LIGHTING CONTROLS
                    5.3.1.5 Rapid proliferation of smartphones and smart gadgets
                    5.3.1.6 Expansion of smart home product portfolio by a large number of players
                    5.3.1.7 Growing concern about safety, security, and convenience among general population
                               FIGURE 20 MARKET GROWTH PROJECTIONS CONSIDERING DRIVERS
           5.3.2 RESTRAINTS
                    5.3.2.1 More convenience-driven rather than being necessity-driven market
                    5.3.2.2 High cost of switching for existing smart device consumers
                    5.3.2.3 Issues related to breach in security and privacy
           5.3.3 OPPORTUNITIES
                    5.3.3.1 Favorable government regulations to promote green buildings
                    5.3.3.2 Incorporation of lighting controllers with in-built data-connectivity technology
                    5.3.3.3 Integration of power line communication technology in smart homes
                               FIGURE 21 MARKET GROWTH PROJECTIONS CONSIDERING OPPORTUNITIES
           5.3.4 CHALLENGES
                    5.3.4.1 Linking disparate systems, limited functionality, and lack of open standards
                    5.3.4.2 Risk of device malfunctioning
                    5.3.4.3 Disruptions in the supply chain due to the COVID-19 pandemic
                               FIGURE 22 MARKET GROWTH PROJECTIONS CONSIDERING CHALLENGES & RESTRAINTS
    5.4 VALUE CHAIN ANALYSIS
           FIGURE 23 VALUE CHAIN ANALYSIS: MAJOR VALUE ADDED BY DEVICE MANUFACTURERS, AND TECHNOLOGY AND SERVICE PROVIDERS
    5.5 SUPPLY CHAIN ANALYSIS
           FIGURE 24 SUPPLY CHAIN OF MAJOR PLAYERS IN SMART HOME MARKET
    5.6 OPPORTUNITIES FOR COMPANIES IN SMART HOME VALUE CHAIN
    5.7 KEY INDUSTRY TRENDS
           FIGURE 25 KEY SMART HOME INDUSTRY TRENDS
    5.8 TOP INVESTORS IN SMART HOME MARKET

6 PROTOCOLS AND TECHNOLOGIES USED IN SMART HOMES (Page No. - 85)
    6.1 INTRODUCTION
           FIGURE 26 SMART HOME PROTOCOLS AND TECHNOLOGIES
    6.2 CELLULAR NETWORK TECHNOLOGIES
           6.2.1 CDMA NETWORK
           6.2.2 GSM/HSPA NETWORK
                    FIGURE 27 GSM/HSPA NETWORK SET-UP
           6.2.3 LTE NETWORK
    6.3 PROTOCOLS AND STANDARDS
           6.3.1 DALI
                    FIGURE 28 WIRING FOR DALI FLUORESCENT DIMMING
           6.3.2 NEMA
           6.3.3 KNX
           6.3.4 DMX
           6.3.5 LONWORKS
                    FIGURE 29 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 30 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 SMART HOME MARKET FOR SOFTWARE & SERVICES (Page No. - 93)
    7.1 INTRODUCTION
           FIGURE 31 SMART HOME MARKET FOR SOFTWARE AND SERVICES, BY TYPE
           TABLE 4 SMART HOME MARKET FOR SOFTWARE AND SERVICES, BY TYPE, 2016–2019 (USD BILLION)
           TABLE 5 SMART HOME MARKET FOR SOFTWARE AND SERVICES, BY TYPE, 2020–2025 (USD BILLION)
    7.2 BEHAVIORAL
           7.2.1 BEHAVIORAL TYPE SOFTWARE AND SERVICES SEGMENT TO HOLD LARGEST MARKET SHARE DURING THE FORECAST PERIOD
    7.3 PROACTIVE
           7.3.1 PROACTIVE TYPE SOFTWARE AND SERVICES SEGMENT TO REGISTER HIGHEST CAGR DURING THE FORECAST PERIOD

8 SMART HOME MARKET, BY PRODUCT (Page No. - 97)
    8.1 INTRODUCTION
           FIGURE 32 SMART HOME MARKET, BY PRODUCT
           TABLE 6 SMART HOME MARKET, BY PRODUCT, 2016–2019 (USD MILLION)
           TABLE 7 SMART HOME MARKET, BY PRODUCT, 2020–2025 (USD MILLION)
           TABLE 8 SMART HOME MARKET, BY PRODUCT, 2016–2019 (MILLION UNITS)
           TABLE 9 SMART HOME MARKET, BY PRODUCT, 2020–2025 (MILLION UNITS)
    8.2 LIGHTING CONTROL
           8.2.1 MARKET DYNAMICS
                    8.2.1.1 Drivers
                               8.2.1.1.1 Increasing demand for energy-efficient lighting solutions
                               8.2.1.1.2 Help in conserving energy and increasing efficiency of lamps
                    8.2.1.2 Restraints
                               8.2.1.2.1 Compatibility issues to hamper the demand for lighting control systems
                               8.2.1.2.2 Limited awareness about benefits of lighting controls
                    8.2.1.3 Opportunities
                               8.2.1.3.1 Consumer perception undergoing a paradigm shift
                               8.2.1.3.2 Expanding mood lighting segment to create growth opportunities for lighting control systems
           8.2.2 PRODUCTS CONSIDERED UNDER LIGHTING CONTROL
                    FIGURE 33 LIGHTING CONTROL PRODUCTS
                    8.2.2.1 Relays
                               TABLE 10 LIGHTING CONTROL MARKET OF SMART HOME FOR RELAYS, BY REGION, 2016–2019 (USD MILLION)
                               TABLE 11 LIGHTING CONTROL MARKET OF SMART HOME FOR RELAYS, BY REGION, 2020–2025 (USD MILLION)
                    8.2.2.2 Occupancy sensors
                               TABLE 12 LIGHTING CONTROL MARKET OF SMART HOME FOR OCCUPANCY SENSORS, BY REGION, 2016–2019 (USD MILLION)
                               TABLE 13 LIGHTING CONTROL MARKET OF SMART HOME FOR OCCUPANCY SENSORS, BY REGION, 2020–2025 (USD MILLION)
                    8.2.2.3 Daylight sensor
                               TABLE 14 LIGHTING CONTROL MARKET OF SMART HOME FOR DAYLIGHT SENSORS, BY REGION, 2016–2019 (USD MILLION)
                               TABLE 15 LIGHTING CONTROL MARKET OF SMART HOME FOR DAYLIGHT SENSORS, BY REGION, 2020–2025 (USD MILLION)
                    8.2.2.4 Timers
                               TABLE 16 LIGHTING CONTROL MARKET OF SMART HOME FOR TIMERS, BY REGION, 2016–2019 (USD MILLION)
                               TABLE 17 LIGHTING CONTROL MARKET OF SMART HOME FOR TIMERS, BY REGION, 2020–2025 (USD MILLION)
                    8.2.2.5 Dimmers
                               TABLE 18 LIGHTING CONTROL MARKET OF SMART HOME FOR DIMMERS, BY REGION, 2016–2019 (USD MILLION)
                               TABLE 19 LIGHTING CONTROL MARKET OF SMART HOME FOR DIMMERS, BY REGION, 2020–2025 (USD MILLION)
                    8.2.2.6 Switches
                               TABLE 20 LIGHTING CONTROL MARKET OF SMART HOME FOR SWITCHES, BY REGION, 2016–2019 (USD MILLION)
                               TABLE 21 LIGHTING CONTROL MARKET OF SMART HOME FOR SWITCHES, BY REGION, 2020–2025 (USD MILLION)
                    8.2.2.7 Accessories and other products
                               TABLE 22 LIGHTING CONTROL MARKET OF SMART HOME FOR ACCESSORIES AND OTHER PRODUCTS, BY REGION, 2016–2019 (USD MILLION)
                               TABLE 23 LIGHTING CONTROL MARKET OF SMART HOME FOR ACCESSORIES AND OTHER PRODUCTS, BY REGION, 2020–2025 (USD MILLION)
                               TABLE 24 SMART HOME MARKET FOR LIGHTING CONTROL, BY PRODUCT 2016–2019 (USD MILLION)
                               TABLE 25 SMART HOME MARKET FOR LIGHTING CONTROL, BY PRODUCT, 2020–2025 (USD MILLION)
                               TABLE 26 SMART HOME MARKET FOR LIGHTING CONTROL, BY REGION, 2016–2019 (USD MILLION)
                               TABLE 27 SMART HOME MARKET FOR LIGHTING CONTROL, BY REGION, 2020–2025 (USD MILLION)
                               TABLE 28 SMART HOME MARKET FOR LIGHTING CONTROL, BY PRODUCT, 2016–2019 (THOUSAND UNITS)
                               TABLE 29 SMART HOME MARKET FOR LIGHTING CONTROL, BY PRODUCT, 2020–2025 (THOUSAND UNITS)
                               TABLE 30 SMART HOME MARKET FOR LIGHTING CONTROL, BY REGION, 2016–2019 (THOUSAND UNITS)
                               TABLE 31 SMART HOME MARKET FOR LIGHTING CONTROL, BY REGION, 2020–2025 (THOUSAND UNITS)
    8.3 SECURITY AND ACCESS CONTROL
           8.3.1 MARKET DYNAMICS
                    8.3.1.1 Drivers
                               8.3.1.1.1 Increasing crime rate is influencing homeowners to adopt home security systems
                               8.3.1.1.2 Growing adoption of smartphones and tablets is likely to have a high impact on the residential security market
                               8.3.1.1.3 Multi-level/multifactor authentication to enhance authentication processes
                    8.3.1.2 Restraints
                               8.3.1.2.1 Privacy issues
                    8.3.1.3 Opportunities
                               8.3.1.3.1 Significant prospects of biometrics technologies in home security applications
           8.3.2 PRODUCTS COVERED UNDER SECURITY AND ACCESS CONTROL
                    FIGURE 34 SECURITY AND ACCESS CONTROL PRODUCTS
                    TABLE 32 SMART HOME MARKET FOR SECURITY AND ACCESS CONTROL, BY PRODUCT, 2016–2019 (USD MILLION)
                    TABLE 33 SMART HOME MARKET FOR SECURITY AND ACCESS CONTROL, BY PRODUCT, 2020–2025 (USD MILLION)
                    TABLE 34 SMART HOME MARKET FOR SECURITY AND ACCESS CONTROL, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 35 SMART HOME MARKET FOR SECURITY AND ACCESS CONTROL, BY REGION, 2020–2025 (USD MILLION)
                    TABLE 36 SMART HOME MARKET FOR SECURITY AND ACCESS CONTROL, BY PRODUCT, 2016–2019 (THOUSAND UNITS)
                    TABLE 37 SMART HOME MARKET FOR SECURITY AND ACCESS CONTROL, BY PRODUCT, 2020–2025 (THOUSAND UNITS)
                    TABLE 38 SMART HOME MARKET FOR SECURITY AND ACCESS CONTROL, BY REGION, 2016–2019 (THOUSAND UNITS)
                    TABLE 39 SMART HOME MARKET FOR SECURITY AND ACCESS CONTROL, BY REGION, 2020–2025 (THOUSAND UNITS)
                    8.3.2.1 Video surveillance
                               TABLE 40 SMART HOME MARKET FOR VIDEO SURVEILLANCE SYSTEMS, BY COMPONENT, 2016–2019 (USD MILLION)
                               TABLE 41 SMART HOME MARKET FOR VIDEO SURVEILLANCE SYSTEMS, BY COMPONENT, 2020–2025 (USD MILLION)
                               TABLE 42 SMART HOME MARKET FOR VIDEO SURVEILLANCE SYSTEMS, BY REGION, 2016–2019 (USD MILLION)
                               TABLE 43 SMART HOME MARKET FOR VIDEO SURVEILLANCE SYSTEMS, BY REGION, 2020–2025 (USD MILLION)
                               8.3.2.1.1 Hardware
                                             8.3.2.1.1.1 Security cameras
                                                8.3.2.1.1.1.1 IP camera
                                                8.3.2.1.1.1.2 Analog camera
                                             8.3.2.1.1.2 Storage devices
                                             8.3.2.1.1.3 Monitors
                                             8.3.2.1.1.4 Server
                                             8.3.2.1.1.5 Accessories
                               8.3.2.1.2 Software
                                             8.3.2.1.2.1 Video analytics software
                                             8.3.2.1.2.2 Video Management System (VMS)
                                             8.3.2.1.2.3 Neural networks and algorithms
                    8.3.2.2 Access control
                               TABLE 44 SMART HOME MARKET FOR ACCESS CONTROL SYSTEMS, BY TYPE, 2016–2019 (USD MILLION)
                               TABLE 45 SMART HOME MARKET FOR ACCESS CONTROL SYSTEMS, BY TYPE, 2020–2025 (USD MILLION)
                               TABLE 46 SMART HOME MARKET FOR ACCESS CONTROL SYSTEMS, BY REGION, 2016–2019 (USD MILLION)
                               TABLE 47 MART HOME MARKET FOR ACCESS CONTROL SYSTEMS, BY REGION, 2020–2025 (USD MILLION)
                               8.3.2.2.1 Biometric
                                             TABLE 48 SMART HOME MARKET FOR BIOMETRIC ACCESS CONTROL SYSTEMS,  BY TYPE, 2016–2019 (USD MILLION)
                                             TABLE 49 SMART HOME MARKET FOR BIOMETRIC ACCESS CONTROL SYSTEMS, BY TYPE, 2020–2025 (USD MILLION)
                                             TABLE 50 SMART HOME MARKET FOR BIOMETRIC ACCESS CONTROL SYSTEMS,  BY REGION, 2016–2019 (USD MILLION)
                                             TABLE 51 SMART HOME MARKET FOR BIOMETRIC ACCESS CONTROL SYSTEMS, BY REGION, 2020–2025 (USD MILLION)
                                             8.3.2.2.1.1 Facial recognition
                                             8.3.2.2.1.2 Iris recognition
                                             8.3.2.2.1.3 Fingerprint recognition
                                             8.3.2.2.1.4 Others
                               8.3.2.2.2 Non-biometric
                                             TABLE 52 SMART HOME MARKET FOR NON-BIOMETRIC ACCESS CONTROL SYSTEMS, BY REGION, 2016–2019 (USD MILLION)
                                             TABLE 53 SMART HOME MARKET FOR NON-BIOMETRIC ACCESS CONTROL SYSTEMS, BY REGION, 2020–2025 (USD MILLION)
    8.4 HVAC CONTROL
           8.4.1 MARKET DYNAMICS
                    8.4.1.1 Drivers
                               8.4.1.1.1 Flexibility and ease of accessing HVAC systems
                               8.4.1.1.2 Reducing long-term energy costs through enhanced hardware, integrated control systems, and management services
                    8.4.1.2 Restraints
                               8.4.1.2.1 Lack of interoperability and standardization act as major restraints for HVAC systems
                               8.4.1.2.2 Lack of awareness about the benefits of HVAC systems
                    8.4.1.3 Opportunities
                               8.4.1.3.1 Innovations in sensors and controls
           8.4.2 PRODUCTS COVERED UNDER HVAC CONTROL
                    FIGURE 35 HVAC CONTROL PRODUCTS AND COMPONENTS
                    8.4.2.1 Smart thermostats
                    8.4.2.2 Sensor
                    8.4.2.3 Control valve
                    8.4.2.4 Heating and cooling coils
                    8.4.2.5 Dampers
                    8.4.2.6 Actuators
                    8.4.2.7 Pumps and fans
                    8.4.2.8 Smart vents
                               TABLE 54 SMART HOME MARKET FOR HVAC CONTROL, BY PRODUCT, 2016–2019 (USD MILLION)
                               TABLE 55 SMART HOME MARKET FOR HVAC CONTROL, BY PRODUCT, 2020–2025 (USD MILLION)
                               TABLE 56 SMART HOME MARKET FOR HVAC CONTROL, BY REGION, 2016–2019 (USD MILLION)
                               TABLE 57 SMART HOME MARKET FOR HVAC CONTROL, BY REGION, 2020–2025 (USD MILLION)
                               TABLE 58 SMART HOME MARKET FOR HVAC CONTROL, BY PRODUCT, 2016–2019 (THOUSAND UNITS)
                               TABLE 59 SMART HOME MARKET FOR HVAC CONTROL, BY PRODUCT, 2020–2025 (THOUSAND UNITS)
                               TABLE 60 SMART HOME MARKET FOR HVAC CONTROL, BY REGION, 2016–2019 (THOUSAND UNITS)
                               TABLE 61 SMART HOME MARKET FOR HVAC CONTROL, BY REGION, 2020–2025 (THOUSAND UNITS)
                               TABLE 62 HVAC CONTROL MARKET FOR THERMOSTATS, BY REGION, 2016–2019 (USD MILLION)
                               TABLE 63 HVAC CONTROL MARKET FOR THERMOSTATS, BY REGION, 2020–2025 (USD MILLION)
                               TABLE 64 HVAC CONTROL MARKET FOR SENSOR, BY REGION, 2016–2019 (USD MILLION)
                               TABLE 65 HVAC CONTROL MARKET FOR SENSOR, BY REGION, 2020–2025 (USD MILLION)
                               TABLE 66 HVAC CONTROL MARKET FOR CONTROL VALVE, BY REGION, 2016–2019 (USD MILLION)
                               TABLE 67 HVAC CONTROL MARKET FOR CONTROL VALVE, BY REGION, 2020–2025 (USD MILLION)
                               TABLE 68 HVAC CONTROL MARKET FOR HEATING & COOLING, BY REGION, 2016–2019 (USD MILLION)
                               TABLE 69 HVAC CONTROL MARKET FOR HEATING & COOLING, BY REGION, 2020–2025 (USD MILLION)
                               TABLE 70 HVAC CONTROL MARKET FOR DAMPER, BY REGION, 2016–2019 (USD MILLION)
                               TABLE 71 HVAC CONTROL MARKET FOR DAMPER, BY REGION, 2020–2025 (USD MILLION)
                               TABLE 72 HVAC CONTROL MARKET FOR ACTUATORS, BY REGION, 2016–2019 (USD MILLION)
                               TABLE 73 HVAC CONTROL MARKET FOR ACTUATORS, BY REGION,  2020–2025 (USD MILLION)
                               TABLE 74 HVAC CONTROL MARKET FOR PUMPS AND FANS, BY REGION, 2016–2019 (USD MILLION)
                               TABLE 75 HVAC CONTROL MARKET FOR PUMP AND FAN, BY REGION, 2020–2025 (USD MILLION)
                               TABLE 76 HVAC CONTROL MARKET FOR SMART VENT, BY REGION, 2016–2019 (USD MILLION)
                               TABLE 77 HVAC CONTROL MARKET FOR SMART VENT, BY REGION, 2020–2025 (USD MILLION)
    8.5 ENTERTAINMENT CONTROL AND OTHER CONTROLS
           8.5.1 MARKET DYNAMICS
                    8.5.1.1 Drivers
                               8.5.1.1.1 Changing lifestyle
                               8.5.1.1.2 Enhanced comfort
                    8.5.1.2 Restraints
                               8.5.1.2.1 High cost of entertainment control systems
                    8.5.1.3 Opportunities
                               8.5.1.3.1 3D gesture-based remote control to be the next big thing in entertainment controls
                                             TABLE 78 SMART HOME MARKET FOR ENTERTAINMENT AND OTHER CONTROLS, BY TYPE, 2016–2019 (USD MILLION)
                                             TABLE 79 MART HOME MARKET FOR ENTERTAINMENT AND OTHER CONTROLS, BY TYPE 2020–2025 (USD MILLION)
                                             TABLE 80 SMART HOME MARKET FOR ENTERTAINMENT AND OTHER CONTROLS, BY TYPE, 2016–2019 (THOUSAND UNITS)
                                             TABLE 81 SMART HOME MARKET FOR ENTERTAINMENT AND OTHER CONTROLS, BY TYPE, 2020–2025 (THOUSAND UNITS)
                                             TABLE 82 SMART HOME MARKET FOR ENTERTAINMENT AND OTHER CONTROLS, BY REGION, 2016–2019 (USD MILLION)
                                             TABLE 83 SMART HOME MARKET FOR ENTERTAINMENT AND OTHER CONTROLS BY REGION, 2020–2025 (USD MILLION)
           8.5.2 ENTERTAINMENT CONTROL PRODUCTS
                    FIGURE 36 ENTERTAINMENT CONTROL PRODUCTS
                    8.5.2.1 Audio, volume, and multimedia room controls
                    8.5.2.2 Home theater system controls
                    8.5.2.3 Touchscreens and keypads
                               TABLE 84 SMART HOME MARKET FOR ENTERTAINMENT CONTROL, BY PRODUCT, 2016–2019 (USD MILLION)
                               TABLE 85 SMART HOME MARKET FOR ENTERTAINMENT CONTROL, BY PRODUCT, 2020–2025 (USD MILLION)
                               TABLE 86 SMART HOME MARKET FOR ENTERTAINMENT CONTROL, BY REGION, 2016–2019 (USD MILLION)
                               TABLE 87 SMART HOME MARKET FOR ENTERTAINMENT CONTROL, BY REGION, 2020–2025 (USD MILLION)
                               TABLE 88 SMART HOME MARKET FOR ENTERTAINMENT CONTROL, BY REGION, 2016–2019 (TH0USAND UNITS)
                               TABLE 89 SMART HOME MARKET FOR ENTERTAINMENT CONTROL, BY REGION, 2020–2025 (TH0USAND UNITS)
                               TABLE 90 ENTERTAINMENT CONTROL MARKET FOR AUDIO & VOLUME CONTROL, BY REGION, 2016–2019 (USD MILLION)
                               TABLE 91 ENTERTAINMENT CONTROL MARKET FOR AUDIO & VOLUME CONTROL, BY REGION, 2020–2025 (USD MILLION)
                               TABLE 92 ENTERTAINMENT CONTROL MARKET FOR AUDIO & VOLUME CONTROL, BY REGION, 2016–2019 (THOUSAND UNITS)
                               TABLE 93 ENTERTAINMENT CONTROL MARKET FOR AUDIO & VOLUME CONTROL, BY REGION, 2020–2025 (THOUSAND UNITS)
                               TABLE 94 ENTERTAINMENT CONTROL MARKET FOR HOME THEATRE SYSTEM, BY REGION, 2016–2019 (USD MILLION)
                               TABLE 95 ENTERTAINMENT CONTROL MARKET FOR HOME THEATRE SYSTEM, BY REGION, 2020–2025 (USD MILLION)
                               TABLE 96 ENTERTAINMENT CONTROL MARKET FOR HOME THEATRE SYSTEM, BY REGION, 2016–2019 (THOUSAND UNITS)
                               TABLE 97 ENTERTAINMENT CONTROL MARKET FOR HOME THEATRE SYSTEM, BY REGION, 2020–2025 (THOUSAND UNITS)
                               TABLE 98 ENTERTAINMENT CONTROL MARKET FOR TOUCHSCREEN & KEYPAD, BY REGION, 2016–2019 (USD MILLION)
                               TABLE 99 ENTERTAINMENT CONTROL MARKET FOR TOUCHSCREEN & KEYPAD, BY REGION, 2020–2025 (USD MILLION)
                               TABLE 100 ENTERTAINMENT CONTROL MARKET FOR TOUCHSCREEN & KEYPAD, BY REGION, 2016–2019 (THOUSAND UNITS)
                               TABLE 101 ENTERTAINMENT CONTROL MARKET FOR TOUCHSCREEN & KEYPAD, BY REGION, 2020–2025 (THOUSAND UNITS)
           8.5.3 OTHER CONTROL PRODUCTS
           FIGURE 37 OTHER CONTROL PRODUCTS
                    8.5.3.1 Smart meters
                    8.5.3.2 Smart plugs
                    8.5.3.3 Smart hubs
                    8.5.3.4 Smart locks
                    8.5.3.5 Smoke detectors
                               TABLE 102 SMART HOME MARKET FOR OTHER CONTROL, BY PRODUCT, 2016–2019 (USD MILLION)
                               TABLE 103 SMART HOME MARKET FOR OTHER CONTROL, BY PRODUCT, 2020–2025 (USD MILLION)
                               TABLE 104 SMART HOME MARKET FOR OTHER CONTROL, BY REGION, 2016–2019 (USD MILLION)
                               TABLE 105 SMART HOME MARKET FOR OTHER CONTROL, BY REGION, 2020–2025 (USD MILLION)
                               TABLE 106 SMART HOME MARKET FOR OTHER CONTROL, BY REGION, 2016–2019 (THOUSAND UNITS)
                               TABLE 107 SMART HOME MARKET FOR OTHER CONTROL, BY REGION, 2020–2025 (THOUSAND UNITS)
                               TABLE 108 OTHER CONTROL MARKET FOR SMART METER, BY REGION, 2016–2019 (USD MILLION)
                               TABLE 109 OTHER CONTROL MARKET FOR SMART METER, BY REGION, 2020–2025 (USD MILLION)
                               TABLE 110 OTHER CONTROL MARKET FOR SMART METER, BY REGION, 2016–2019 (THOUSAND UNITS)
                               TABLE 111 OTHER CONTROL MARKET FOR SMART METER, BY REGION, 2020–2025 (THOUSAND UNITS)
                               TABLE 112 OTHER CONTROL MARKET FOR SMART PLUG, BY REGION, 2016–2019 (USD MILLION)
                               TABLE 113 OTHER CONTROL MARKET FOR SMART PLUG, BY REGION, 2020–2025 (USD MILLION)
                               TABLE 114 OTHER CONTROL MARKET FOR SMART PLUG, BY REGION, 2016–2019 (THOUSAND UNITS)
                               TABLE 115 OTHER CONTROL MARKET FOR SMART PLUG, BY REGION, 2020–2025 (THOUSAND UNITS)
                               TABLE 116 OTHER CONTROL MARKET FOR SMART HUB, BY REGION, 2016–2019 (USD MILLION)
                               TABLE 117 OTHER CONTROL MARKET FOR SMART HUB, BY REGION, 2020–2025 (USD MILLION)
                               TABLE 118 OTHER CONTROL MARKET FOR SMART HUB, BY REGION, 2016–2019 (THOUSAND UNITS)
                               TABLE 119 OTHER CONTROL MARKET FOR SMART HUB, BY REGION, 2020–2025 (THOUSAND UNITS)
                               TABLE 120 OTHER CONTROL MARKET FOR SMART LOCK, BY REGION, 2016–2019 (USD MILLION)
                               TABLE 121 OTHER CONTROL MARKET FOR SMART LOCK, BY REGION, 2020–2025 (USD MILLION)
                               TABLE 122 OTHER CONTROL MARKET FOR SMART LOCK, BY REGION, 2016–2019 (THOUSAND UNITS)
                               TABLE 123 OTHER CONTROL MARKET FOR SMART LOCK, BY REGION, 2020–2025 (THOUSAND UNITS)
                               TABLE 124 OTHER CONTROL MARKET FOR SMOKE DETECTOR, BY REGION, 2016–2019 (USD MILLION)
                               TABLE 125 OTHER CONTROL MARKET FOR SMOKE DETECTOR, BY REGION, 2020–2025 (USD MILLION)
                               TABLE 126 OTHER CONTROL MARKET FOR SMOKE DETECTOR, BY REGION, 2016–2019 (THOUSAND UNITS)
                               TABLE 127 OTHER CONTROL MARKET FOR SMOKE DETECTOR, BY REGION, 2020–2025 (THOUSAND UNITS)
    8.6 SMART SPEAKER
           8.6.1 MARKET DYNAMICS
                    8.6.1.1 Drivers
                               8.6.1.1.1 Increasing number of smart homes
                                             FIGURE 38 SMART HOME MARKET PENETRATION
                                             TABLE 128 REVENUE CONTRIBUTION FROM SMART HOME MARKET IN SMART CITIES
                               8.6.1.1.2 Rising disposable income
                               8.6.1.1.3 Rapid proliferation of multifunctional devices
                               8.6.1.1.4 Growing trend of personalization
                    8.6.1.2 Restraints
                               8.6.1.2.1 Issues related to connectivity range, compatibility, and power
                    8.6.1.3 Opportunities
                               8.6.1.3.1 Increasing consumer preference for technologically advanced products
                                             FIGURE 39 INSTALLATION OF CONNECTED DEVICES IN SMART HOMES WITHIN SMART CITIES
                                             FIGURE 40 CONCEPTUAL FRAMEWORK ON CONSUMER ACCEPTANCE OF NEW TECHNOLOGIES
                               8.6.1.3.2 Increasing focus of companies on enhancing customer experience
                                             FIGURE 41 TIMELINE OF SMART SPEAKERS OFFERED BY KEY PLAYERS
                                             TABLE 129 SMART HOME MARKET FOR SMART SPEAKER, BY REGION, 2016–2019 (USD MILLION)
                                             TABLE 130 SMART HOME MARKET FOR SMART SPEAKER, BY REGION, 2020–2025 (USD MILLION)
                                             TABLE 131 SMART HOME MARKET FOR SMART SPEAKER, BY REGION, 2016–2019 (THOUSAND UNITS)
                                             TABLE 132 SMART HOME MARKET FOR SMART SPEAKER, BY REGION, 2020–2025 (THOUSAND UNITS)
    8.7 HOME HEALTHCARE
           8.7.1 MARKET DYNAMICS
                    8.7.1.1 Drivers
                               8.7.1.1.1 Increasing awareness about fitness and rise in disposable incomes in developing economies
                               8.7.1.1.2 Changing demographics to positively affect home health systems
                    8.7.1.2 Restraints
                               8.7.1.2.1 Limited awareness and number of general healthcare facilities
                    8.7.1.3 Opportunities
                               8.7.1.3.1 Emerging market for smart wearables to drive home healthcare market
           8.7.2 PRODUCTS COVERED UNDER HOME HEALTHCARE
           FIGURE 42 HOME HEALTHCARE PRODUCTS
                    8.7.2.1 Health status monitors
                               8.7.2.1.1 Fitness and heart rate monitor
                               8.7.2.1.2 Blood pressure monitor
                               8.7.2.1.3 Blood glucose meter
                               8.7.2.1.4 Continuous glucose monitor
                               8.7.2.1.5 Pulse oximeter
                               8.7.2.1.6 Fall detector
                    8.7.2.2 Physical activity monitors
                               TABLE 133 SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2016–2019 (USD MILLION)
                               TABLE 134 SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2020–2025 (USD MILLION)
                               TABLE 135 SMART HOME MARKET FOR HEALTH STATUS MONITOR, BY REGION, 2016–2019 (USD MILLION)
                               TABLE 136 SMART HOME MARKET FOR HEALTH STATUS MONITOR, BY REGION, 2020–2025 (USD MILLION)
                               TABLE 137 SMART HOME MARKET FOR PHYSICAL ACTIVITY MONITOR, BY REGION, 2016–2019 (USD MILLION)
                               TABLE 138 SMART HOME MARKET FOR PHYSICAL HEALTH MONITOR, BY REGION, 2020–2025 (USD MILLION)
                               TABLE 139 SMART HOME MARKET FOR HOME HEALTHCARE, BY REGION, 2016–2019 (USD MILLION)
                               TABLE 140 SMART HOME MARKET FOR HOME HEALTHCARE, BY REGION, 2020–2025 (USD MILLION)
                               TABLE 141 SMART HOME MARKET FOR HOME HEALTHCARE, BY REGION, 2016–2019 (THOUSAND UNITS)
                               TABLE 142 SMART HOME MARKET FOR HOME HEALTHCARE, BY REGION, 2020–2025 (THOUSAND UNITS)
                               TABLE 143 SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2016–2019 (THOUSAND UNITS)
                               TABLE 144 SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2020–2025 (THOUSAND UNITS)
    8.8 SMART KITCHEN
           8.8.1 MARKET DYNAMICS
                    8.8.1.1 Drivers
                               8.8.1.1.1 Changing lifestyles and preferences of consumers
                    8.8.1.2 Restraints
                               8.8.1.2.1 High prices of smart kitchen appliances
                    8.8.1.3 Opportunities
                               8.8.1.3.1 Emerging nations to drive the growth of market for smart kitchen in coming years
           8.8.2 PRODUCTS COVERED UNDER SMART KITCHEN
                    FIGURE 43 SMART KITCHEN PRODUCTS
                    8.8.2.1 Smart refrigerators
                    8.8.2.2 Smart coffee makers
                    8.8.2.3 Smart kettles
                    8.8.2.4 Smart dishwashers
                    8.8.2.5 Smart ovens
                    8.8.2.6 Smart cooktops
                    8.8.2.7 Smart cookers
                               TABLE 145 SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2016–2019 (USD MILLION)
                               TABLE 146 SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2020–2025 (USD MILLION)
                               TABLE 147 SMART HOME MARKET FOR SMART KITCHEN, BY REGION, 2016–2019 (USD MILLION)
                               TABLE 148 SMART HOME MARKET FOR SMART KITCHEN, BY REGION, 2020–2025 (USD MILLION)
                               TABLE 149 SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2016–2019 (THOUSAND UNITS)
                               TABLE 150 SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2020–2025 (THOUSAND UNITS)
                               TABLE 151 SMART HOME MARKET FOR SMART KITCHEN, BY REGION, 2016–2019 (THOUSAND UNITS)
                               TABLE 152 SMART HOME MARKET FOR SMART KITCHEN, BY REGION, 2020–2025 (THOUSAND UNITS)
                               TABLE 153 SMART HOME MARKET FOR SMART REFRIGERATOR, BY REGION, 2016–2019 (USD MILLION)
                               TABLE 154 SMART HOME MARKET FOR SMART REFRIGERATOR, BY REGION, 2020–2025 (USD MILLION)
                               TABLE 155 SMART HOME MARKET FOR SMART REFRIGERATOR, BY REGION,  2016–2019 (THOUSAND UNITS)
                               TABLE 156 SMART HOME MARKET FOR SMART REFRIGERATOR, BY REGION, 2020–2025 (THOUSAND UNITS)
                               TABLE 157 SMART HOME MARKET FOR SMART COFFEE MAKER, BY REGION, 2016–2019 (USD MILLION)
                               TABLE 158 SMART HOME MARKET FOR SMART COFFEE MAKER, BY REGION, 2020–2025 (USD MILLION)
                               TABLE 159 SMART HOME MARKET FOR SMART COFFEE MAKER, BY REGION, 2016–2019 (THOUSAND UNITS)
                               TABLE 160 SMART HOME MARKET FOR SMART COFFEE MARKER, BY REGION, 2020–2025 (THOUSAND UNITS)
                               TABLE 161 SMART HOME MARKET FOR SMART KETTLE, BY REGION, 2016–2019 (USD MILLION)
                               TABLE 162 SMART HOME MARKET FOR SMART KETTLE, BY REGION, 2020–2025 (USD MILLION)
                               TABLE 163 SMART HOME MARKET FOR SMART KETTLE, BY REGION, 2016–2019 (THOUSAND UNITS)
                               TABLE 164 SMART HOME MARKET FOR SMART KETTLE, BY REGION, 2020–2025 (THOUSAND UNITS)
                               TABLE 165 SMART HOME MARKET FOR SMART DISHWASHER, BY REGION, 2016–2019 (USD MILLION)
                               TABLE 166 SMART HOME MARKET FOR SMART DISHWASHER, BY REGION, 2020–2025 (USD MILLION)
                               TABLE 167 SMART HOME MARKET FOR SMART DISHWASHER, BY REGION, 2016–2019 (THOUSAND UNITS)
                               TABLE 168 SMART HOME MARKET FOR SMART DISHWASHER, BY REGION, 2020–2025 (THOUSAND UNITS)
                               TABLE 169 SMART HOME MARKET FOR SMART OVEN, BY REGION, 2016–2019 (USD MILLION)
                               TABLE 170 SMART HOME MARKET FOR SMART OVEN, BY REGION, 2020–2025 (USD MILLION)
                               TABLE 171 SMART HOME MARKET FOR SMART OVEN, BY REGION, 2016–2019 (THOUSAND UNITS)
                               TABLE 172 SMART HOME MARKET FOR SMART OVEN, BY REGION, 2020–2025 (THOUSAND UNITS)
                               TABLE 173 SMART HOME MARKET FOR SMART COOKTOP, BY REGION, 2016–2019 (USD MILLION)
                               TABLE 174 SMART HOME MARKET FOR SMART COOKTOP, BY REGION, 2020–2025 (USD MILLION)
                               TABLE 175 SMART HOME MARKET FOR SMART COOKTOP, BY REGION, 2016–2019 (THOUSAND UNITS)
                               TABLE 176 SMART HOME MARKET FOR SMART COOKTOP, BY REGION, 2020–2025 (THOUSAND UNITS)
                               TABLE 177 SMART HOME MARKET FOR SMART COOKER, BY REGION, 2016–2019 (USD MILLION)
                               TABLE 178 SMART HOME MARKET FOR SMART COOKER, BY REGION, 2020–2025 (USD MILLION)
                               TABLE 179 SMART HOME MARKET FOR SMART COOKER, BY REGION, 2016–2019 (THOUSAND UNITS)
                               TABLE 180 SMART HOME MARKET FOR SMART COOKER, BY REGION, 2020–2025 (THOUSAND UNITS)
    8.9 HOME APPLIANCES
           8.9.1 MARKET DYNAMICS
                    8.9.1.1 Drivers
                               8.9.1.1.1 Availability of wireless solutions
                               8.9.1.1.2 Rising energy prices would increase adoption of smart appliances
                    8.9.1.2 Restraints
                               8.9.1.2.1 Privacy concerns among end users
                               8.9.1.2.2 Lack of awareness about smart appliances
                    8.9.1.3 Opportunities
                               8.9.1.3.1 Machine-to-machine (M2M) communication to provide new growth avenues
           8.9.2 PRODUCTS COVERED UNDER HOME APPLIANCES
                    FIGURE 44 HOME APPLIANCES PRODUCTS
                    8.9.2.1 Smart washers
                    8.9.2.2 Smart dryers
                    8.9.2.3 Smart water heaters
                    8.9.2.4 Smart vacuum cleaners
                               TABLE 181 SMART MARKET FOR HOME APPLIANCES, BY PRODUCT, 2016–2019 (USD MILLION)
                               TABLE 182 SMART MARKET FOR HOME APPLIANCES, BY PRODUCT, 2020–2025 (USD MILLION)
                               TABLE 183 SMART HOME MARKET FOR HOME APPLIANCES, BY REGION, 2016–2019 (USD MILLION)
                               TABLE 184 SMART HOME MARKET FOR HOME APPLIANCES, BY REGION, 2020–2025 (USD MILLION)
                               TABLE 185 SMART MARKET FOR HOME APPLIANCES, BY PRODUCT, 2016–2019 (THOUSAND UNITS)
                               TABLE 186 SMART MARKET FOR HOME APPLIANCES, BY PRODUCT, 2020–2025 (THOUSAND UNITS)
                               TABLE 187 SMART HOME MARKET FOR HOME APPLIANCES, BY REGION, 2016–2019 (THOUSAND UNITS)
                               TABLE 188 SMART HOME MARKET FOR HOME APPLIANCES, BY REGION, 2020–2025 (THOUSAND UNITS)
    8.10 SMART FURNITURE
           8.10.1 MARKET DYNAMICS
                    8.10.1.1 Drivers
                               8.10.1.1.1 Advancing lifestyle
                    8.10.1.2 Restraints
                               8.10.1.2.1 Reluctance towards adopting new technology
                               8.10.1.2.2 High price
           8.10.2 PRODUCTS COVERED UNDER SMART FURNITURE
                               FIGURE 45 SMART FURNITURE PRODUCTS
                               TABLE 189 MART HOME MARKET FOR SMART FURNITURE, BY PRODUCT, 2016–2019 (USD MILLION)
                               TABLE 190 SMART HOME MARKET FOR SMART FURNITURE, BY PRODUCT, 2020–2025 (USD MILLION)
                               TABLE 191 SMART HOME MARKET FOR SMART FURNITURE, BY REGION, 2016–2019 (USD MILLION)
                               TABLE 192 SMART HOME MARKET FOR SMART FURNITURE, BY REGION, 2020–2025 (USD MILLION)
                    8.10.2.1 Smart tables
                                             TABLE 193 SMART TABLE MARKET OF SMART FURNITURE IN SMART HOMES, BY REGION, 2016–2019 (USD MILLION)
                                             TABLE 194 SMART TABLE MARKET OF SMART FURNITURE IN SMART HOMES, BY REGION, 2020–2025 (USD MILLION)
                    8.10.2.2 Smart desks
                                             TABLE 195 SMART DESKS MARKET OF SMART FURNITURE IN SMART HOMES, BY REGION, 2016–2019 (USD MILLION)
                                             TABLE 196 SMART DESKS MARKET OF SMART FURNITURE IN SMART HOMES, BY REGION, 2020–2025 (USD MILLION)
                    8.10.2.3 Smart stools and benches
                                             TABLE 197 SMART STOOLS AND BENCHES MARKET OF SMART FURNITURE IN SMART HOMES, BY REGION, 2016–2019 (USD MILLION)
                                             TABLE 198 SMART STOOLS AND BENCHES MARKET OF SMART FURNITURE IN SMART HOMES, BY REGION, 2020–2025 (USD MILLION)
                    8.10.2.4 Smart sofas
                                             TABLE 199 SMART SOFAS MARKET OF SMART FURNITURE IN SMART HOMES, BY REGION, 2016–2019 (USD MILLION)
                                             TABLE 200 SMART SOFAS MARKET OF SMART FURNITURE IN SMART HOMES, BY REGION, 2020–2025 (USD MILLION)
                    8.10.2.5 Smart chairs
                                             TABLE 201 SMART CHAIRS MARKET OF SMART FURNITURE IN SMART HOMES, BY REGION, 2016–2019 (USD MILLION)
                                             TABLE 202 SMART CHAIRS MARKET OF SMART FURNITURE IN SMART HOMES, BY REGION, 2020–2025 (USD MILLION)

9 GEOGRAPHIC ANALYSIS (Page No. - 198)
    9.1 INTRODUCTION
           FIGURE 46 SMART HOME MARKET: GEOGRAPHIC SNAPSHOT (2020–2025)
           FIGURE 47 NORTH AMERICA TO LEAD SMART HOME MARKET DURING FORECAST PERIOD
           TABLE 203 SMART HOME MARKET, BY REGION, 2016–2019 (USD BILLION)
           TABLE 204 SMART HOME MARKET, BY REGION, 2020–2025 (USD BILLION)
           TABLE 205 SMART HOME MARKET, BY REGION, 2016–2019 (MILLION UNITS)
           TABLE 206 SMART HOME MARKET, BY REGION, 2020–2025 (MILLION UNITS)
    9.2 NORTH AMERICA
           9.2.1 REGULATORY FRAMEWORKS
                    9.2.1.1 Associations
                    9.2.1.2 Regulations and acts
                               FIGURE 48 NORTH AMERICA: SMART HOME MARKET SNAPSHOT
                               TABLE 207 COVID-19 IMPACT ANALYSIS, SMART HOME MARKET IN NORTH AMERICA, 2017–2025 (USD BILLION)
                               TABLE 208 SMART HOME MARKET IN NORTH AMERICA FOR LIGHTING CONTROL PRODUCTS, 2016–2019 (USD MILLION)
                               TABLE 209 SMART HOME MARKET IN NORTH AMERICA FOR LIGHTING CONTROL PRODUCTS, 2020–2025 (USD MILLION)
                               TABLE 210 SMART HOME MARKET IN NORTH AMERICA FOR SECURITY & ACCESS CONTROL PRODUCTS, 2016–2019 (USD MILLION)
                               TABLE 211 SMART HOME MARKET IN NORTH AMERICA FOR SECURITY & ACCESS CONTROL PRODUCTS, 2020–2025 (USD MILLION)
                               TABLE 212 SMART HOME MARKET IN NORTH AMERICA FOR HVAC CONTROL PRODUCTS, 2016–2019 (USD MILLION)
                               TABLE 213 SMART HOME MARKET IN NORTH AMERICA FOR HVAC CONTROL PRODUCTS, 2020–2025 (USD MILLION)
                               TABLE 214 SMART HOME MARKET IN NORTH AMERICA FOR ENTERTAINMENT & OTHER CONTROL PRODUCTS, 2016–2019 (USD MILLION)
                               TABLE 215 SMART HOME MARKET IN NORTH AMERICA FOR ENTERTAINMENT AND OTHER CONTROL PRODUCTS, 2020–2025 (USD MILLION)
                               TABLE 216 SMART HOME MARKET IN NORTH AMERICA FOR HOME HEALTHCARE PRODUCTS, 2016–2019 (USD MILLION)
                               TABLE 217 SMART HOME MARKET IN NORTH AMERICA FOR HOME HEALTHCARE PRODUCTS, 2020–2025 (USD MILLION)
                               TABLE 218 SMART HOME MARKET IN NORTH AMERICA FOR SMART KITCHEN APPLIANCES, 2016–2019 (USD MILLION)
                               TABLE 219 SMART HOME MARKET IN NORTH AMERICA FOR SMART KITCHEN APPLIANCES, 2020–2025 (USD MILLION)
                               TABLE 220 SMART HOME MARKET IN NORTH AMERICA FOR SMART HOME APPLIANCES, 2016–2019 (USD MILLION)
                               TABLE 221 SMART HOME MARKET IN NORTH AMERICA FOR SMART HOME APPLIANCES, 2020–2025(USD MILLION)
                               TABLE 222 SMART HOME MARKET IN NORTH AMERICA FOR SMART FURNITURE, 2016–2019 (USD MILLION)
                               TABLE 223 SMART HOME MARKET IN NORTH AMERICA FOR SMART FURNITURE, 2020–2025 (USD MILLION)
                               TABLE 224 SMART HOME MARKET IN NORTH AMERICA, BY COUNTRY, 2016–2019 (USD BILLION)
                               TABLE 225 SMART HOME MARKET IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD BILLION)
           9.2.2 US
                    9.2.2.1 US accounted for largest market size in smart home market in 2019
           9.2.3 CANADA
                    9.2.3.1 Adoption of high-security parameters lead smart home market in Canada
           9.2.4 MEXICO
                    9.2.4.1 Owing to growth opportunities in terms of home automation and security, access control expected to be lucrative market in Mexico
    9.3 EUROPE
           9.3.1 REGULATORY FRAMEWORKS
                    FIGURE 49 EUROPE: SMART HOME MARKET SNAPSHOT
                    TABLE 226 SMART HOME MARKET IN EUROPE FOR LIGHTING CONTROL PRODUCTS, 2016–2019 (USD MILLION)
                    TABLE 227 SMART HOME MARKET IN EUROPE FOR LIGHTING CONTROL PRODUCTS, 2020–2025 (USD MILLION)
                    TABLE 228 SMART HOME MARKET IN EUROPE FOR SECURITY & ACCESS CONTROL PRODUCTS, 2016–2019 (USD MILLION)
                    TABLE 229 SMART HOME MARKET IN EUROPE FOR SECURITY & ACCESS CONTROL PRODUCTS, 2020–2025 (USD MILLION)
                    TABLE 230 SMART HOME MARKET IN EUROPE FOR HVAC CONTROL PRODUCTS, 2016–2019 (USD MILLION)
                    TABLE 231 SMART HOME MARKET IN EUROPE FOR HVAC CONTROL PRODUCTS, 2020–2025 (USD MILLION)
                    TABLE 232 SMART HOME MARKET IN EUROPE FOR ENTERTAINMENT & OTHER CONTROL PRODUCTS, 2016–2019(USD MILLION)
                    TABLE 233 SMART HOME MARKET IN EUROPE FOR ENTERTAINMENT & OTHER CONTROL PRODUCTS, 2020–2025 (USD MILLION)
                    TABLE 234 SMART HOME MARKET IN EUROPE FOR HOME HEALTHCARE PRODUCTS, 2016–2019 (USD MILLION)
                    TABLE 235 SMART HOME MARKET IN EUROPE FOR HOME HEALTHCARE PRODUCTS, 2020–2025 (USD MILLION)
                    TABLE 236 SMART HOME MARKET IN EUROPE FOR SMART KITCHEN APPLIANCES, 2016–2019 (USD MILLION)
                    TABLE 237 SMART HOME MARKET IN EUROPE FOR SMART KITCHEN APPLIANCES, 2020–2025 (USD MILLION)
                    TABLE 238 SMART HOME MARKET IN EUROPE FOR SMART HOME APPLIANCES, 2016–2019 (USD MILLION)
                    TABLE 239 SMART HOME MARKET IN EUROPE FOR SMART HOME APPLIANCES, 2020–2025 (USD MILLION)
                    TABLE 240 SMART HOME MARKET IN EUROPE FOR SMART FURNITURE, 2016–2019 (USD MILLION)
                    TABLE 241 SMART HOME MARKET IN EUROPE FOR SMART FURNITURE, 2020–2025 (USD MILLION)
                    TABLE 242 SMART HOME MARKET IN EUROPE, BY COUNTRY, 2016–2019 (USD MILLION)
                    TABLE 243 SMART HOME MARKET IN EUROPE, BY COUNTRY, 2020–2025 (USD BILLION)
           9.3.2 UK
                    9.3.2.1 UK to lead smart home market in Europe
           9.3.3 GERMANY
                    9.3.3.1 Growing demand for security and access control lead smart home market in Germany
           9.3.4 FRANCE
                    9.3.4.1 Security and access control to emerge as lucrative market for smart home during forecast period
           9.3.5 REST OF EUROPE
                    9.3.5.1 Rest of Europe to exhibit highest growth during forecast period
    9.4 ASIA PACIFIC (APAC)
           9.4.1 REGULATORY FRAMEWORKS
                    FIGURE 50 APAC: SMART HOME MARKET SNAPSHOT
                    TABLE 244 COVID-19 IMPACT ANALYSIS FOR SMART HOME MARKET IN APAC, 2017–2025 (USD BILLION)
                    TABLE 245 SMART HOME MARKET IN APAC FOR LIGHTING CONTROL PRODUCTS, 2016–2019 (USD MILLION)
                    TABLE 246 SMART HOME MARKET IN APAC FOR LIGHTING CONTROL PRODUCTS, 2020–2025(USD MILLION)
                    TABLE 247 SMART HOME MARKET IN APAC FOR SECURITY & ACCESS CONTROL PRODUCTS, 2016–2019 (USD MILLION)
                    TABLE 248 SMART HOME MARKET IN APAC FOR SECURITY & ACCESS CONTROL PRODUCTS, 2020–2025(USD MILLION)
                    TABLE 249 SMART HOME MARKET IN APAC FOR HVAC CONTROL PRODUCTS, 2016–2019 (USD MILLION)
                    TABLE 250 SMART HOME MARKET IN APAC FOR HVAC CONTROL PRODUCTS, 2020–2025 (USD MILLION)
                    TABLE 251 SMART HOME MARKET IN APAC FOR ENTERTAINMENT & OTHER CONTROL PRODUCTS, 2016–2019 (USD MILLION)
                    TABLE 252 SMART HOME MARKET IN APAC FOR ENTERTAINMENT AND OTHER CONTROL PRODUCTS, 2020–2025 (USD

MILLION)
                    TABLE 253 SMART HOME MARKET IN APAC FOR HOME HEALTHCARE PRODUCTS,  2016–2019 (USD MILLION)
                    TABLE 254 SMART HOME MARKET IN APAC FOR HOME HEALTHCARE PRODUCTS, 2020–2025 (USD MILLION)
                    TABLE 255 SMART HOME MARKET IN APAC FOR SMART KITCHEN APPLIANCES, 2016–2019 (USD MILLION)
                    TABLE 256 SMART HOME MARKET IN APAC FOR SMART KITCHEN APPLIANCES, 2020–2025 (USD MILLION)
                    TABLE 257 SMART HOME MARKET IN APAC FOR SMART HOME APPLIANCES, 2016–2019 (USD MILLION)
                    TABLE 258 SMART HOME MARKET IN APAC FOR SMART HOME APPLIANCES, 2020–2025 (USD MILLION)
                    TABLE 259 SMART HOME MARKET IN APAC FOR SMART FURNITURE, 2016–2019 (USD MILLION)
                    TABLE 260 SMART HOME MARKET IN APAC FOR SMART FURNITURE, 2020–2025 (USD MILLION)
                    TABLE 261 SMART HOME MARKET IN APAC, BY COUNTRY, 2016–2019 (USD BILLION)
                    TABLE 262 SMART HOME MARKET IN APAC, BY COUNTRY, 2020–2025 (USD BILLION)
           9.4.2 JAPAN
                    9.4.2.1 Fastest growing economy in Japan, which is expected to augment market growth and demand
           9.4.3 SOUTH KOREA
                    9.4.3.1 Increasing security concerns to boost smart home market
           9.4.4 CHINA
                    9.4.4.1 China accounted for largest share of smart home market in region
           9.4.5 REST OF APAC
    9.5 REST OF THE WORLD
           9.5.1 REGULATORY FRAMEWORKS
                    TABLE 263 SMART HOME MARKET IN ROW FOR LIGHTING CONTROL PRODUCTS, 2016–2019 (USD MILLION)
                    TABLE 264 SMART HOME MARKET IN ROW FOR LIGHTING CONTROL PRODUCTS, 2020–2025 (USD MILLION)
                    TABLE 265 SMART HOME MARKET IN ROW FOR SECURITY & ACCESS CONTROL PRODUCTS, 2016–2019 (USD MILLION)
                    TABLE 266 SMART HOME MARKET IN ROW FOR SECURITY & ACCESS CONTROL PRODUCTS, 2020–2025 (USD MILLION)
                    TABLE 267 SMART HOME MARKET IN ROW FOR HVAC CONTROL PRODUCTS, 2016–2019 (USD MILLION)
                    TABLE 268 SMART HOME MARKET IN ROW FOR HVAC CONTROL PRODUCTS, 2020–2025 (USD MILLION)
                    TABLE 269 SMART HOME MARKET IN ROW FOR ENTERTAINMENT & OTHER CONTROL PRODUCTS, 2016–2019 (USD MILLION)
                    TABLE 270 SMART HOME MARKET IN ROW FOR ENTERTAINMENT & OTHER CONTROL PRODUCTS, 2020–2025 (USD MILLION)
                    TABLE 271 SMART HOME MARKET IN ROW FOR HOME HEALTHCARE PRODUCTS, 2016–2019 (USD MILLION)
                    TABLE 272 SMART HOME MARKET IN ROW FOR HOME HEALTHCARE PRODUCTS, 2020–2025 (USD MILLION)
                    TABLE 273 SMART HOME MARKET IN ROW FOR SMART KITCHEN APPLIANCES, 2016–2019 (USD MILLION)
                    TABLE 274 SMART HOME MARKET IN ROW FOR SMART KITCHEN APPLIANCES, 2020–2025 (USD MILLION)
                    TABLE 275 SMART HOME MARKET IN ROW FOR SMART HOME APPLIANCES, 2016–2019 (USD MILLION)
                    TABLE 276 SMART HOME MARKET IN ROW FOR SMART HOME APPLIANCES, 2020–2025 (USD MILLION)
                    TABLE 277 SMART HOME MARKET IN ROW FOR SMART FURNITURE, 2016–2019 (USD MILLION)
                    TABLE 278 SMART HOME MARKET IN ROW FOR SMART FURNITURE, 2020–2025 (USD MILLION)
                    TABLE 279 SMART HOME MARKET IN ROW, BY REGION, 2016–2019 (USD BILLION)
                    TABLE 280 SMART HOME MARKET IN ROW, BY REGION, 2020–2025 (USD BILLION)
           9.5.2 SOUTH AMERICA
                    9.5.2.1 Latin America held largest share in RoW market for smart homes
           9.5.3 MIDDLE EAST
                    9.5.3.1 Growing government initiatives for security boost smart home market in this region
           9.5.4 AFRICA
                    9.5.4.1 Growing security concerns to boost smart home market in this region

10 COMPETITIVE LANDSCAPE (Page No. - 239)
     10.1 OVERVIEW
               FIGURE 51 KEY PLAYERS ADOPTED INORGANIC GROWTH AS THE KEY STRATEGY DURING 2017–2019
     10.2 KEY PLAYERS IN SMART HOME MARKET
               TABLE 281 RATING OF TOP 5 PLAYERS IN SMART HOME MARKET, 2019
             10.2.1 PRODUCT LAUNCHES
            TABLE 282 PRODUCT LAUNCHES, 2017–2019
             10.2.2 AGREEMENTS, PARTNERSHIPS AND COLLABORATIONS
            TABLE 283 AGREEMENTS, PARTNERSHIPS, AND COLLABORATIONS, 2017–2019
             10.2.3 ACQUISITIONS
            TABLE 284 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 52 SMART HOME MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2019
     10.4 BUSINESS STRATEGY EXCELLENCE ANALYSIS (25 COMPANIES)
            FIGURE 53 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN SMART HOME MARKET
     10.5 STRENGTH OF PRODUCT PORTFOLIO ANALYSIS (25 COMPANIES)
            FIGURE 54 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN SMART HOME MARKET

11 COMPANY PROFILES (Page No. - 249)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
     11.1 KEY PLAYERS
             11.1.1 HONEYWELL
            FIGURE 55 HONEYWELL : COMPANY SNAPSHOT
             11.1.2 SIEMENS
            FIGURE 56 SIEMENS : COMPANY SNAPSHOT
             11.1.3 JOHNSON CONTROLS
            FIGURE 57 JOHNSON CONTROLS : COMPANY SNAPSHOT
             11.1.4 SCHNEIDER ELECTRIC
            FIGURE 58 SCHNEIDER ELECTRIC : COMPANY SNAPSHOT
             11.1.5 UNITED TECHNOLOGIES CORPORATION
            FIGURE 59 UNITED TECHNOLOGIES CORPORATION: COMPANY SNAPSHOT
             11.1.6 AMAZON
            FIGURE 60 AMAZON : COMPANY SNAPSHOT
             11.1.7 APPLE
            FIGURE 61 APPLE : COMPANY SNAPSHOT
             11.1.8 ADT
            FIGURE 62 ADT: COMPANY SNAPSHOT
             11.1.9 ROBERT BOSCH
            FIGURE 63 ROBERT BOSCH : COMPANY SNAPSHOT
               11.1.10 ASSA ABLOY
            FIGURE 64 ASSA ABLOY: COMPANY SNAPSHOT
               11.1.11 ABB
            FIGURE 65 ABB : COMPANY SNAPSHOT
     11.2 OTHER KEY COMPANIES
             11.2.1 SAMSUNG ELECTRONICS
             11.2.2 SONY
             11.2.3 BUILDINGIQ
             11.2.4 DELTA CONTROLS
             11.2.5 CONTROL4
             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 CANARY
             11.2.13 SCOUT
             11.2.14 NORTEK SECURITY & SOLUTION
             11.2.15 LEGRAND

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.
     11.3 RIGHT TO WIN

12 ADJACENT AND RELATED MARKET (Page No. - 302)
     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 66 VIDEO SURVEILLANCE SYSTEM SEGMENT TO REGISTER THE HIGHEST CAGR DURING FORECAST PERIOD
               TABLE 285 HOME SECURITY SYSTEMS MARKET, BY SYSTEMS, 2017–2025 (USD BILLION)
     12.5 HOME SECURITY SOLUTION MARKET, BY SERVICES
               FIGURE 67 VIDEO SURVEILLANCE SERVICES SEGMENT TO REGISTER THE HIGHEST CAGR DURING THE FORECAST PERIOD
               TABLE 286 HOME SECURITY SYSTEMS MARKET, BY SERVICES, 2017–2025 (USD MILLION)
     12.6 HOME SECURITY SOLUTION MARKET BY REGION
               FIGURE 68 GEOGRAPHIC ANALYSIS: HOME SECURITY SYSTEMS MARKET (2020–2025)
               TABLE 287 HOME SECURITY SYSTEMS MARKET, BY REGION, 2017–2025 (USD BILLION)
             12.6.1 AMERICAS
            TABLE 288 HOME SECURITY SYSTEMS MARKET IN THE AMERICAS, BY SYSTEMS, 2017–2025 (USD MILLION)
            TABLE 289 HOME SECURITY SYSTEMS MARKET IN THE AMERICAS, BY SERVICES, 2017–2025 (USD MILLION)
             12.6.2 EUROPE
            TABLE 290 HOME SECURITY SYSTEMS MARKET IN EUROPE, BY SYSTEMS, 2017–2025 (USD MILLION)
            TABLE 291 HOME SECURITY SYSTEMS MARKET IN EUROPE, BY SERVICES, 2017–2025 (USD MILLION)
             12.6.3 APAC
            TABLE 292 HOME SECURITY SYSTEMS MARKET IN APAC, BY SYSTEMS, 2017–2025 (USD MILLION)
            TABLE 293 HOME SECURITY SYSTEMS MARKET IN APAC, BY SERVICES, 2017–2025 (USD MILLION)
             12.6.4 ROW
            TABLE 294 HOME SECURITY SYSTEMS MARKET IN ROW, BY SYSTEMS 2017–2025 (USD MILLION)
            TABLE 295 HOME SECURITY SYSTEMS MARKET IN ROW, BY SERVICES, 2017–2025 (USD MILLION)

13 APPENDIX (Page No. - 311)
     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

The study involved four major activities in estimating the current size of the global 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 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.

Smart Home Market Size, and Share

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the total size of the 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.

Smart Home Market Bottom-Up Approach

Smart Home Market Bottom-Up Approach

Research Objective

  • To define, describe, and forecast the smart home market, in terms of value, based on software & services, product, and geography
  • To define, describe, and forecast the smart home market, in terms of value, for software and services necessary for establishing and ensuring the efficient working of smart home systems
  • To forecast the smart home market based on the product, in terms of volume
  • 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 four main regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)1
  • 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 and supply chain, along with providing information on the opportunities for the supply chain participants
  • To provide key trends in the smart home market
  • To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the smart home ecosystem
  • To strategically profile the key players in the smart home market and comprehensively analyze their market shares and core competencies3 in each segment
  • To analyze competitive developments such as product launches, alliances and partnerships, joint ventures, and mergers and acquisitions in the 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 smart home product/solution providers are exploring?
  • Who are key players in the market, and how intense is the competition?
Report Code
SE 3172
Published ON
Jun, 2020
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