Smart Home Market

Smart Home Market by Product (Lighting Control, Security & Access Control, HVAC, Entertainment, Smart Speaker, Home Healthcare, Smart Kitchen, Home Appliances, and Smart Furniture), Software & Services, and Region - Global Forecast to 2024

Report Code: SE 3172 Jan, 2019, by marketsandmarkets.com

The smart home market is expected to grow from USD 76.6 billion in 2018 to USD 151.4 billion by 2024, at a CAGR of 12.02%. The growth of the system is driven by various factors, such as a large base of internet users and increased adoption of smart devices; rise in the awareness of fitness and healthy lifestyles owning to the high disposable income in developing economies; high importance of home monitoring from remote locations; rise in the need for energy- saving and low carbon emission solutions; cost reduction measures enabled by market; rapid proliferation of smartphones and smart gadgets; existence of market players focusing on expanding their adoption in smart home product portfolios; and widespread concern about safety, security, and convenience smart home market.

Smart Homes Market

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Increasing adoption of entertainment and other control systems, lighting control solutions, smart speakers, and home system appliances driving the growth of the market for smart home market

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

Entertainment has become an important 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 market system 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 by these controls for managing as well as controlling the entertainment systems within a house. Advancements in wireless communication technologies is a major factor in boosting the growth of the market for home theater system controls, thereby driving the overall adoption in smart home market for entertainment 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 increasing popularity of smart plugs, smart hubs, and smart locks is also fueling the adoption of control systems.

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

The increasing connectivity between machine-to-machine solutions and the Internet of Things is driving the growth of the smart home and energy management markets, which has, in turn, influenced the growth of the market for software and services for smart homes market. The behavioral type software and services help analyze energy-related data and forward it to end users. This category is restricted to transmitting and receiving data and does not perform intelligent actions like the proactive type. Behavioral type solutions provide direct feedback to end users, thereby providing the basic information regarding the real-time energy data, along with the historical data reflecting energy usage. Therefore, behavioral type software and services are likely to hold the largest smart home market share in 2018.

Smart Homes Market

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“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 market in APAC in 2018. However, with the growth of the smart home industry and large-scale implementation of hardware and software solutions 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 home system 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 of smart home market.

Key market players

The smart home market is currently dominated by Johnson Controls International (Ireland), United Technologies Corporation (US), Schneider Electric (France), Honeywell International, Inc. (US), and Siemens AG (Germany). A few of the major strategies adopted by these players to compete in the market include product launches and developments, partnerships, and mergers and acquisitions.

Other players operating in the smart home market are 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. These players have adopted product developments system and launches, mergers and acquisitions, and partnerships and collaborations to grow in the smart home market.

Scope of the Report:

Report Metric

Details

Base year

2018

Forecast period

2018–2024

Units

Value (USD)

Segments covered

Type, End User, Offerings, and Region

Geographic regions covered

North America, APAC, Europe, and RoW

Companies covered

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)

 This report categorizes the smart home market based on 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, India, Singapore, Indonesia, Malaysia, and Thailand)
  • Rest of the World (RoW)
    • Latin America
    • Middle East
    • Africa

Major market developments

  • In 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 system 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 system 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.
  • In January 2017, Honeywell International, Inc. (US) launched Lyric Cameras and an eventual software upgrade for Lyric Security systems, which makes the smart home system compatible with Apple’s HomeKit. Honeywell’s Wi-Fi indoor cameras named Lyric C1 and C2 are paired with the Lyric app to access live streaming, recorded events, and send alerts regarding inactivity of smoke/CO detectors. These added features will help the product gain traction in the smart home market in the future.

Key questions addressed by the report

  • Where will all these developments take the industry in the mid-to-long term?
  • What are the upcoming industrial trends in the smart home system ?
  • What are the opportunities for various players that exist at present and are planning to enter at various stages of the value chain?
  • How inorganic growth strategies implemented by key players will impact the growth rate of the smart home industry, and who will have the undue advantage?
  • What is the current investment trends in the market?

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Table of Contents

1 Introduction (Page No. - 22)
    1.1 Study Objectives
    1.2 Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           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. - 26)
    2.1 Factor Analysis
           2.1.1 Demand-Side Analysis
                    2.1.1.1 Growing Demand From Real Estate Industry
                    2.1.1.2 High Adoption of Access Control Solutions Owing to Increasing Crime Rates Globally
           2.1.2 Supply-Side Analysis
                    2.1.2.1 Prices of Smart Home Solutions Expected to Reduce Due to High Growth in Wireless Technologies & Iot
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    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. - 39)

4 Premium Insights (Page No. - 44)
    4.1 Attractive Opportunities in Smart Home Industry
    4.2 Smart Home Market, By Product
    4.3 Market, By Product and Region
    4.4 Market, By Region
    4.5 Market for Software and Services, By Type

5 Market Overview (Page No. - 47)
    5.1 Introduction
    5.2 Evolution
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Growing Number of Internet Users and Increasing Adoption of Smart Devices
                    5.3.1.2 Increasing Awareness About Fitness and Rise in Disposable Incomes in Developing Economies
                    5.3.1.3 Increasing Importance of Home Monitoring in Remote Locations
                    5.3.1.4 Rising Need for Energy-Saving and Low Carbon Emission-Oriented Solutions
                    5.3.1.5 Cost Reduction Measures Enabled By Smart Home System 
                    5.3.1.6 Rapid Proliferation of Smartphones and Smart Gadgets
                    5.3.1.7 Large Number of Manufacturers Expanding Their Smart Home Product Portfolios
                    5.3.1.8 Growing Concern About Safety, Security, and Convenience Among People
           5.3.2 Restraints
                    5.3.2.1 More Convenience-Driven Market 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 Expected Incorporation of Lighting Controllers With In-Built Data-Connectivity Technology
                    5.3.3.3 Integration of Power Line Communication Technology in Smart Homes Market
           5.3.4 Challenges
                    5.3.4.1 Linking Disparate Systems, Limited Functionality, and Lack of Open Standards
                    5.3.4.2 Risks of Device Malfunctioning
    5.4 Value Chain Analysis
    5.5 Supply Chain Analysis
    5.6 Opportunities for Companies in Smart Home Value Chain
    5.7 Key Industry Trends
    5.8 Top Investors in Smart Home Market

6 Protocols and Technologies Used in Smart Homes Market (Page No. - 62)
    6.1 Introduction
    6.2 Cellular Network Technologies
           6.2.1 CDMA Networks
           6.2.2 GSM/HSPA Networks
           6.2.3 LTE Networks
    6.3 Protocols and Standards
           6.3.1 Dali
           6.3.2 Nema
           6.3.3 KNX
           6.3.4 DMX
           6.3.5 Lonworks
           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
           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, By Product (Page No. - 72)
    7.1 Introduction
    7.2 Lighting Control
           7.2.1 Introduction
           7.2.2 Market Dynamics
                    7.2.2.1 Drivers
                               7.2.2.1.1 Demand for Energy-Efficient Lighting Solutions
                               7.2.2.1.2 Reduction in Costs By Conserving Energy, Thereby Increasing the Shelf Life of Lamps
                    7.2.2.2 Restraints
                               7.2.2.2.1 Compatibility Issues Pose Hurdles in Path of Lighting Controls
                               7.2.2.2.2 Lack of Awareness About Benefits of Lighting Controls
                    7.2.2.3 Opportunities
                               7.2.2.3.1 Consumer Perception Undergoing Paradigm Shift
                               7.2.2.3.2 Mood Lighting Providing Major Opportunity in Lighting Controls
           7.2.3 Products Considered Under Lighting Control
                    7.2.3.1 Relays
                    7.2.3.2 Occupancy Sensors
                    7.2.3.3 Daylight Sensors
                    7.2.3.4 Timers
                    7.2.3.5 Dimmers
                    7.2.3.6 Switches
                    7.2.3.7 Accessories and Other Products
    7.3 Security and Access Control
           7.3.1 Introduction
           7.3.2 Market Dynamics
                    7.3.2.1 Drivers
                               7.3.2.1.1 Increasing Crime Rates Forcing Home owners to Enhance Security
                               7.3.2.1.2 Growth of Market for Smartphones and Tablets Likely to Have Huge Impact on Residential Security
                               7.3.2.1.3 Multi-Level/Multifactor Authentication to Enhance Authentication Processes
                    7.3.2.2 Restraints
                               7.3.2.2.1 Privacy Issues – Private Information May Get Hacked
                    7.3.2.3 Opportunities
                               7.3.2.3.1 Significant Prospects of Biometrics Technologies in Security Market
           7.3.3 Products Covered Under Security and Access Control
                    7.3.3.1 Video Surveillance
                               7.3.3.1.1 Hardware
                                             7.3.3.1.1.1 Security Cameras
                                             7.3.3.1.1.2 Storage Devices
                                             7.3.3.1.1.3 Monitors
                                             7.3.3.1.1.4 Server
                                             7.3.3.1.1.5 Accessories
                               7.3.3.1.2 Software
                                             7.3.3.1.2.1 Video Analytics Software
                                             7.3.3.1.2.2 Video Management System (VMS)
                                             7.3.3.1.2.3 Neural Networks and Algorithms
                    7.3.3.2 Access Control
                               7.3.3.2.1 Biometric
                                             7.3.3.2.1.1 Facial Recognition
                                             7.3.3.2.1.2 Iris Recognition
                                             7.3.3.2.1.3 Fingerprint Recognition
                                             7.3.3.2.1.4 Others
                               7.3.3.2.2 Non-Biometric
    7.4 HVAC Control
           7.4.1 Introduction
           7.4.2 Market Dynamics
                    7.4.2.1 Drivers
                               7.4.2.1.1 Flexibility and Ease of Accessing HVAC Systems
                               7.4.2.1.2 Reducing Long-Term Energy Costs Through Enhanced Hardware, Integrated Control Systems, and Management Services
                    7.4.2.2 Restraints
                               7.4.2.2.1 Lack of Interoperability and Standardization Act as Major Restraints for HVAC Systems
                               7.4.2.2.2 Lack of Awareness About Benefits of HVAC Systems
                    7.4.2.3 Opportunities
                               7.4.2.3.1 Innovation in Development of Sensors and Controls
           7.4.3 Products Covered Under HVAC Control
                    7.4.3.1 Smart Thermostats
                    7.4.3.2 Sensors
                    7.4.3.3 Control Valves
                    7.4.3.4 Heating and Cooling Coils
                    7.4.3.5 Dampers
                    7.4.3.6 Actuators
                    7.4.3.7 Pumps and Fans
                    7.4.3.8 Smart Vents
    7.5 Entertainment Control and Other Controls
           7.5.1 Introduction
           7.5.2 Market Dynamics
                    7.5.2.1 Drivers
                               7.5.2.1.1 Changing Lifestyle
                               7.5.2.1.2 Enhanced Comfort
                    7.5.2.2 Restraint
                               7.5.2.2.1 High Costs of Entertainment Control Systems
                    7.5.2.3 Opportunities
                               7.5.2.3.1 3d Gesture-Based Remote Control to Be Next Big Thing in Entertainment Controls
           7.5.3 Entertainment Control Products
                    7.5.3.1 Audio, Volume, and Multimedia Room Controls
                    7.5.3.2 Home Theater System Controls
                    7.5.3.3 Touchscreens and Keypads
           7.5.4 Other Control Products
                    7.5.4.1 Smart Meters
                    7.5.4.2 Smart Plugs
                    7.5.4.3 Smart Hubs
                    7.5.4.4 Smart Locks
                    7.5.4.5 Smoke Detectors
    7.6 Smart Speaker
           7.6.1 Introduction
           7.6.2 Market Dynamics
                    7.6.2.1 Drivers
                               7.6.2.1.1 Increasing Number of Smart Home System
                               7.6.2.1.2 Rising Disposable Income
                               7.6.2.1.3 Rapid Proliferation of Multifunctional Devices
                               7.6.2.1.4 Growing Trend of Personalization
                    7.6.2.2 Restraints
                               7.6.2.2.1 Issues Related to Connectivity Range, Compatibility, and Power
                    7.6.2.3 Opportunities
                               7.6.2.3.1 Increasing Consumer Preference for Technologically Advanced Products
                               7.6.2.3.2 Increasing Focus of Companies on Enhancing Customer Experience
    7.7 Home Healthcare
           7.7.1 Introduction
           7.7.2 Market Dynamics
                    7.7.2.1 Drivers
                               7.7.2.1.1 Increasing Awareness About Fitness and Rise in Disposable Incomes in Developing Economies
                               7.7.2.1.2 Changing Demographics to Positively Affect Home Health Systems
                    7.7.2.2 Restraints
                               7.7.2.2.1 Lack of Awareness and General Healthcare Facilities
                    7.7.2.3 Opportunities
                               7.7.2.3.1 Emerging Market for Smart Wearables to Drive Home Healthcare
           7.7.3 Products Covered Under Home Healthcare Systems 
                    7.7.3.1 Health Status Monitors
                    7.7.3.2 Physical Activity Monitors
    7.8 Smart Kitchen
           7.8.1 Introduction
           7.8.2 Market Dynamics
                    7.8.2.1 Drivers
                               7.8.2.1.1 Changing Lifestyles and Preferences of Consumers
                    7.8.2.2 Restraints
                               7.8.2.2.1 High Prices of Smart Kitchen Appliances
                    7.8.2.3 Opportunities
                               7.8.2.3.1 Emerging Nations to Drive Growth of Market for Smart Kitchen in Coming Years
           7.8.3 Products Covered Under Smart Kitchen
                    7.8.3.1 Smart Refrigerators
                    7.8.3.2 Smart Coffee Makers
                    7.8.3.3 Smart Kettles
                    7.8.3.4 Smart Dishwashers
                    7.8.3.5 Smart Ovens
                    7.8.3.6 Smart Cooktops
                    7.8.3.7 Smart Cookers
    7.9 Home Appliances
           7.9.1 Introduction
           7.9.2 Market Dynamics
                    7.9.2.1 Drivers
                               7.9.2.1.1 Availability of Wireless Solutions
                               7.9.2.1.2 Rising Energy Prices Would Increase Adoption of Smart Appliances
                    7.9.2.2 Restraints
                               7.9.2.2.1 Privacy Concerns Among End Users
                               7.9.2.2.2 Lack of Awareness About Smart Appliances
                    7.9.2.3 Opportunities
                               7.9.2.3.1 Machine-To-Machine (M2M) Communication to Provide New Growth Avenues
           7.9.3 Products Covered Under Home Appliances
                    7.9.3.1 Smart Washers
                    7.9.3.2 Smart Dryers
                    7.9.3.3 Smart Water Heaters
                    7.9.3.4 Smart Vacuum Cleaners
    7.1 Smart Furniture
           7.10.1 Introduction
           7.10.2 Market Dynamics
                    7.10.2.1 Drivers
                               7.10.2.1.1 Advancing Lifestyle
                    7.10.2.2 Restraints
                               7.10.2.2.1 Reluctance Towards Adopting New Technology
                               7.10.2.2.2 High Price Over Traditional Furniture
           7.10.3 Products Covered Under Smart Furniture
                    7.10.3.1 Smart Tables
                    7.10.3.2 Smart Desks
                    7.10.3.3 Smart Stools and Benches
                    7.10.3.4 Smart Sofas
                    7.10.3.5 Smart Chairs

8 Geographic Analysis (Page No. - 138)
           8.1.1 Introduction
           8.1.2 North America
           8.1.3 Regulatory Frameworks
                    8.1.3.1 Associations
                    8.1.3.2 Regulations and Acts
           8.1.4 US
                    8.1.4.1 US Accounted for the Largest Market Size in the Market of Smart Home in North America
           8.1.5 Canada
                    8.1.5.1 The Adoption of High Security Parameters Lead Market of Smart Home in Canada
           8.1.6 Mexico
                    8.1.6.1 Owing to the Growth Opportunities in Terms of Home Automation and Security, Access Control Expected to Be Lucrative Market in Mexico
           8.1.7 Europe
           8.1.8 Regulatory Frameworks
           8.1.9 UK
                    8.1.9.1 UK to Lead the Market of Smart Home in Europe
           8.1.10 Germany
                    8.1.10.1 Growing Demand of Security and Access Control Lead the Smart Home System in Germany
           8.1.11 France
                    8.1.11.1 Security and Access Control to Pose Lucrative Market for Smart Home During the Forecast Period
           8.1.12 Rest of Europe
                    8.1.12.1 Rest of Europe to Pose Highest Growth During the Forecast Period
    8.2 Asia Pacific (APAC)
           8.2.1 Regulatory Frameworks
           8.2.2 Japan
                    8.2.2.1 Fastest Growing Economy in Japan, Which is Expected to Augment the Market Growth and Demand
           8.2.3 South Korea
                    8.2.3.1 The Increasing Security Concerns to Boost Smart Home Trends
           8.2.4 China
                    8.2.4.1 China Accounted for the Largest Share of Smart Home Market in the Region
           8.2.5 Rest of APAC
    8.3 Rest of the World
           8.3.1 Regulatory Frameworks
           8.3.2 Latin America
                    8.3.2.1 Latin America Held Largest Share in RoW Market for Smart Home System
           8.3.3 Middle East
                    8.3.3.1 Growing Government Initiatives for Security Boost Smart Home Scope in This Region
           8.3.4 Africa
                    8.3.4.1 Growing Security Concerns to Boost Smart Home Scope in This Region

9 Smart Home Market for Software & Services (Page No. - 170)
    9.1 Introduction
    9.2 Behavioral
           9.2.1 Behavioral Type Software and Services Held the Largest Market During the Forecast Period
    9.3 Proactive
           9.3.1 Proactive Type Software and Services to Grow at Highest CAGR During the Forecast Period

10 Competitive Landscape (Page No. - 174)
     10.1 Overview
     10.2 Key Players in Smart Home Market

11 Company Profiles (Page No. - 178)
     11.1 Key Players
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
             11.1.1 Honeywell International
             11.1.2 Siemens AG
             11.1.3 Johnson Controls International
             11.1.4 Schneider Electric SE
             11.1.5 United Technologies Corporation
             11.1.6 Amazon Inc.
             11.1.7 Apple Inc.
             11.1.8 Google
             11.1.9 ADT
             11.1.10 Robert Bosch GmbH
             11.1.11 Assa Abloy
             11.1.12 Legrand SA
             11.1.13 ABB Ltd.
             11.1.14 Ingersoll-Rand PLC
             11.1.15 Comcast Corporation
             11.1.16 Hubbell Inc.
             11.1.17 Vivint
* Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.
     11.2 Other Key Companies
             11.2.1 LG Electronics
             11.2.2 Samsung Electronics
             11.2.3 Sony
             11.2.4 Lutron Electronics Co.
             11.2.5 Crestron Electronics, Inc.
             11.2.6 Buildingiq
             11.2.7 Hitachi, Ltd.
             11.2.8 Delta Controls
             11.2.9 Control4
             11.2.10 Lennox International
             11.2.11 General Electric
             11.2.12 Axis Communications AB
             11.2.13 Distech Controls
             11.2.14 Simplisafe
             11.2.15 Armorax
             11.2.16 Nest Secure
             11.2.17 Notion
             11.2.18 Canary
             11.2.19 Scout
             11.2.20 Cacoon

12 Appendix (Page No. - 247)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Available Customizations
     12.5 Related Reports
     12.6 Author Details


List of Tables (100 Tables)

Table 1 Top 10 Countries With Highest Number of Terror Attacks and Fatalities, 2016
Table 2 Energy-Saving Potential of Lighting Controls
Table 3 Smart Home Market, By Product, 2016–2024 (USD Million)
Table 4 Market, By Product, 2016–2024 (Million Units)
Table 5 Lighting Control of Smart Home for Relays, By Region, 2016–2024 (USD Million)
Table 6 Lighting Control of Smart Home for Occupancy Sensors, By Region, 2016–2024 (USD Million)
Table 7 Lighting Control of Smart Home for Daylight Sensors, By Region, 2016–2024 (USD Million)
Table 8 Lighting Control System of Smart Home for Timers, By Region, 2016–2024 (USD Million)
Table 9 Lighting Control of Smart Home for Dimmers, By Region, 2016–2024 (USD Million)
Table 10 Lighting Control of Smart Home for Switches, By Region, 2016–2024 (USD Million)
Table 11 Lighting Control of Smart Home for Accessories and Other Products, By Region, 2016–2024 (USD Million)
Table 12 Market for Lighting Control, By Product, 2016–2024 (USD Million)
Table 13 Market for Lighting Control, By Region, 2016–2024 (USD Million)
Table 14 Market for Lighting Control, By Product, 2016–2024 (Thousand Units)
Table 15 Market for Lighting Control, By Region, 2016–2024 (Thousand Units)
Table 16 Market for Security and Access Control, By Product, 2016–2024 (USD Million)
Table 17 Market for Security and Access Control, By Region, 2016–2024 (USD Million)
Table 18 Market for Security and Access Control, By Product, 2016–2024 (Thousand Units)
Table 19 Market for Security and Access Control, By Region, 2016–2024 (Thousand Units)
Table 20 Market for Video Surveillance Systems, By Component, 2016–2024 (USD Million)
Table 21 Market for Video Surveillance Systems, By Region, 2016–2024 (USD Million)
Table 22 Market for Access Control Systems, By Type, 2016–2024 (USD Million)
Table 23 Market for Access Control Systems, By Region, 2016–2024 (USD Million)
Table 24 Market for Biometric Access Control Systems, By Type, 2016–2024 (USD Million)
Table 25 Market for Biometric Access Control Systems, By Region, 2016–2024 (USD Million)
Table 26 Smart Home for Non-Biometric Access Control Systems, By Region, 2016–2024 (USD Million)
Table 27 Smart Home for HVAC Control, By Product, 2016–2024 (USD Million)
Table 28 Smart Home for HVAC Control, By Region, 2016–2024 (USD Million)
Table 29 Smart Home for HVAC Control, By Product, 2016–2024 (Thousand Units)
Table 30 Smart Home for HVAC Control, By Region, 2016–2024 (Thousand Units)
Table 31 Smart Home for Entertainment and Other Controls, By Product, 2016–2024 (USD Million)
Table 32 Market for Entertainment and Other Controls, By Product, 2016–2024 (Thousand Units)
Table 33 Market for Entertainment and Other Controls, By Region, 2016–2024 (USD Million)
Table 34 Market for Entertainment Control, By Product, 2016–2024 (USD Million)
Table 35 Market for Entertainment Control, By Region, 2016–2024 (USD Million)
Table 36 Market for Other Control, By Product, 2016–2024 (USD Million)
Table 37 Market for Other Control, By Region, 2016–2024 (USD Million)
Table 38 Revenue Contribution From Smart Home in Smart City
Table 39 Smart Home for Smart Speaker, By Region, 2016–2024 (USD Million)
Table 40 Smart Home for Smart Speaker, By Region, 2016–2024 (Thousand Units)
Table 41 Smart Home for Home Healthcare, By Product, 2016–2024 (USD Million)
Table 42 Smart Home for Home Healthcare, By Region, 2016–2024 (USD Million)
Table 43 Market for Home Healthcare, By Product, 2016–2024 (Thousand Units)
Table 44 Market for Smart Kitchen, By Product, 2016–2024 (USD Million)
Table 45 Market for Smart Kitchen, By Region, 2016–2024 (USD Million)
Table 46 Market for Smart Kitchen, By Product, 2016–2024 (Thousand Units)
Table 47 Market for Smart Kitchen, By Region, 2016–2024 (Thousand Units)
Table 48 Market for Home Appliances, By Product, 2016–2024 (USD Million)
Table 49 Market for Home Appliances, By Region, 2016–2024 (USD Million)
Table 50 Market for Home Appliances, By Product, 2016–2024 (Thousand Units)
Table 51 Market for Home Appliances, By Region, 2016–2024 (Thousand Units)
Table 52 Market for Smart Furniture, By Product, 2016–2024 (USD Million)
Table 53 Market for Smart Furniture, By Region, 2016–2024 (USD Million)
Table 54 Smart Table Market of Smart Furniture in Smart Homes Market, By Region, 2016–2024 (USD Million)
Table 55 Smart Desks Market of Smart Furniture in Industry, By Region, 2016–2024 (USD Million)
Table 56 Smart Stools and Benches Market of Smart Furniture in Scope, By Region, 2016–2024 (USD Million)
Table 57 Smart Sofas Market of Smart Furniture in Smart Homes, By Region, 2016–2024 (USD Million)
Table 58 Smart Chairs Market of Smart Furniture, By Region, 2016–2024 (USD Million)
Table 59 Market of Smart Home, By Region, 2016–2024 (USD Million)
Table 60 Market of Smart Home, By Region, 2016–2024 (Million Units)
Table 61 Smart Home in North America for Lighting Control, By Product, 2016–2024 (USD Million)
Table 62 Smart Home in North America for Security & Access Control, By Product, 2016–2024 (USD Million)
Table 63 Smart Home in North America for HVAC Control, By Product, 2016–2024 (USD Million)
Table 64 Smart Home in North America for Entertainment and Other Controls, By Product, 2016–2024 (USD Million)
Table 65 Market in North America for Entertainment Controls, By Type, 2016–2024 (USD Million)
Table 66 Market in North America for Other Controls, By Type, 2016–2024 (USD Million)
Table 67 Market in North America for Home Healthcare, By Product, 2016–2024 (USD Million)
Table 68 Market in North America for Smart Kitchen, By Product, 2016–2024 (USD Million)
Table 69 Market in North America for Smart Home Appliances, By Type, 2016–2024(USD Million)
Table 70 Market in North America for Smart Furniture, By Type, 2016–2024(USD Million)
Table 71 Market in North America, By Country, 2016–2024 (USD Billion)
Table 72 Market in Europe for Lighting Control, By Product, 2016–2024 (USD Million)
Table 73 Market in Europe for Security and Access, By Product, 2016–2024 (USD Million)
Table 74 Smart Home in Europe for HVAC Control, By Product, 2016–2024 (USD Million)
Table 75 Smart Home in Europe for Entertainment and Other Controls, By Type, 2016–2024 (USD Million)
Table 76 Smart Home in Europe for Home Healthcare, By Product, 2016–2024 (USD Million)
Table 77 Smart Home in Europe for Smart Kitchen, By Product, 2016–2024 (USD Million)
Table 78 Smart Home in Europe for Smart Home Appliances, By Product, 2016–2024 (USD Million)
Table 79 Smart Home in Europe for Smart Furniture, By Product, 2016–2024 (USD Million)
Table 80 Market in Europe, By Country, 2016–2024 (USD Billion)
Table 81 Market in APAC for Lighting Control, By Product, 2016–2024 (USD Million)
Table 82 Market in APAC for Security and Access Control, By Product, 2016–2024 (USD Million)
Table 83 Market in APAC for HVAC Control, By Product, 2016–2024 (USD Million)
Table 84 Market in APAC for Entertainment and Other Controls, By Product, 2016–2024 (USD Million)
Table 85 Market in APAC for Home Healthcare, By Product, 2016–2024 (USD Million)
Table 86 Market in APAC for Smart Kitchen, By Product, 2016–2024 (USD Million)
Table 87 Market in APAC for Smart Home Appliances, By Product, 2016–2024 (USD Million)
Table 88 Market in APAC for Smart Furniture, By Product, 2016–2024 (USD Million)
Table 89 Smart Home Market in APAC, By Country, 2016–2024 (USD Billion)
Table 90 Market in RoW for Lighting Control Market, By Product, 2016–2024 (USD Million)
Table 91 Market in RoW for Security and Access Control, By Product, 2016–2024 (USD Million)
Table 92 Market in RoW for HVAC Control, By Product, 2016–2024 (USD Million)
Table 93 Market in RoW for Entertainment and Other Controls, By Product, 2016–2024(USD Million)
Table 94 Market in RoW for Home Healthcare System, By Product, 2016–2024 (USD Million)
Table 95 Market in RoW for Smart Kitchen, By Product, 2016–2024 (USD Million)
Table 96 Market in RoW for Smart Home Appliances, By Product, 2016–2024 (USD Million)
Table 97 Market in RoW for Smart Furniture, By Product, 2016–2024 (USD Million)
Table 98 Market in RoW, By Region, 2016–2024 (USD Million)
Table 99 Market of Smart Home for Software and Services, By Type, 2016–2024 (USD Billion)
Table 100 Rating of Top 5 Players in Smart Home Market, 2017


List of Figures (65 Figures)

Figure 1 Market Segmentation
Figure 2 Smart Home Market: Research Design
Figure 3 Estimated Size of Global Real Estate Market (USD Trillion)
Figure 4 Growth in Wireless Technologies Expected to Impact Supply Side
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Market: Data Triangulation Model
Figure 8 Snapshot of Smart Home (USD Billion), 2016–2024
Figure 9 Entertainment and Other Control to Hold Largest Market During Forecast Period
Figure 10 Market Share of Major Countries in Smart Home Market, 2018
Figure 11 Behavioral Software and Services to Hold Larger Size of Smart Home By 2024
Figure 12 Smart Home to Grow at Significant CAGR During 2018–2023
Figure 13 Entertainment and Other Control Products to Hold Largest Share of Market By 2024
Figure 14 North America to Hold Largest Share of Market By 2018
Figure 15 Market in APAC to Grow at Highest CAGR During Forecast Period
Figure 16 Proactive Type to Hold Larger Share of Market for Software and Services By 2024
Figure 17 Evolution of Smart Home System
Figure 18 Increasing Adoption of Smart Devices Coupled With Importance of Home Monitoring From Remote Locations Drive Market
Figure 19 Internet Users Till 31 December 2017, By Region
Figure 20 GDP Per Capita in India and China
Figure 21 Value Chain Analysis: Major Value Added By Device Manufacturers, and Technology and Service Providers
Figure 22 Supply Chain of Major Players in Market of Smart Home Technologies
Figure 23 Key Smart Home Industry Trends
Figure 24 Smart Home Protocols and Technologies
Figure 25 GSM/HSPA Network Set-Up
Figure 26 Wiring for Dali Fluorescent Dimming
Figure 27 Lonworks Network Set-Up
Figure 28 Wireless Communication Technologies
Figure 29 Smart Home Market, By Product
Figure 30 Lighting Control Products
Figure 31 Security and Access Control Products
Figure 32 HVAC Control Products and Components
Figure 33 Entertainment Control Products
Figure 34 Other Control Products
Figure 35 Market Scope of Smart Home Penetration
Figure 36 Installation of Connected Devices in Smart Homes Within Smart Cities
Figure 37 Conceptual Framework on Consumer Acceptance of New Technologies
Figure 38 Timeline of Smart Speakers Offered By Key Players
Figure 39 Home Healthcare System Products
Figure 40 Smart Kitchen Products
Figure 41 Home Appliances Products
Figure 42 Smart Furniture Products
Figure 43 Market of Smart Home Technologies : Geographic Snapshot (2018–2024)
Figure 44 North America to Lead the Market Between 2018 and 2024
Figure 45 North America: Market Snapshot
Figure 46 Europe: Market Snapshot
Figure 47 APAC: Market Snapshot
Figure 48 Market of Smart Home Technologies for Software and Services, By Types
Figure 49 Key Players Adopted Inorganic Growth Strategy as Key Growth Strategies During 2016–2018
Figure 50 Honeywell International: Company Snapshot
Figure 51 Siemens AG: Company Snapshot
Figure 52 Johnson Controls International: Company Snapshot
Figure 53 Schneider Electric Se: Company Snapshot
Figure 54 United Technologies Corporation: Company Snapshot
Figure 55 Amazon Inc.: Company Snapshot
Figure 56 Apple Inc.: Company Snapshot
Figure 57 Google: Company Snapshot
Figure 58 ADT: Company Snapshot
Figure 59 Robert Bosch GmbH: Company Snapshot
Figure 60 Assa Abloy: Company Snapshot
Figure 61 Legrand SA: Company Snapshot
Figure 62 ABB Ltd.: Company Snapshot
Figure 63 Ingersoll-Rand PLC: Company Snapshot
Figure 64 Comcast Corporation: Company Snapshot
Figure 65 Hubbell Inc.: Company Snapshot

    The study involved 4 major activities in estimating the current size of the smart home market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation methods were used to estimate the market size of segments and subsegments.

    Secondary Research

    The research methodology used to estimate and forecast the smart home system begins with capturing data on revenues of key vendors in the market through secondary research. This study incorporates the use of extensive secondary sources, directories, and databases such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource to identify and collect information useful for the technical, market-oriented, and commercial study of the Market of Smart Home Technologies. Vendor offerings have also been taken into consideration to determine the market segmentation. This entire research methodology includes the study of annual and financial reports of top players, presentations, press releases, journals, paid databases, trade directories, regulatory bodies, and safety standard organizations.

    Primary Research

    The smart home market comprises several stakeholders, such as suppliers standard components, original equipment manufacturers (OEMs), software providers, solutions providers, and system integrators in the supply chain. The supply side is characterized by advancements in types of products and devices adoption in smart homes market growth and their diverse applications. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents.

    Smart Homes Market

    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 smart home study. 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 and other controls, smart speaker, home healthcare, smart kitchen, home appliances, and smart furniture system.

    Research Objective

    • To describe and forecast the market, in terms of value, segmented on the basis of product, and geography
    • To describe and forecast the competitive study, in terms of value, for software and services necessary for establishing and ensuring the efficient working of application systems
    • To forecast the market of smart home technologies based on product, in terms of volume
    • To define and describe the technologies and protocols used in smart homes market
    • To forecast the market, in terms of value, for various segments with respect to 4 main regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
    • To strategically analyze the micromarkets with respect to individual growth trends, prospects, and contribution to the overall market
    • To identify drivers, restraints, opportunities, and challenges as the major factors 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 competitive study
    • To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the smart home ecosystem
    • To strategically profile key players in the smart home system and comprehensively analyze their market shares and core competencies in each segment
    • To analyze competitive developments such as product launches, alliances and partnerships, joint ventures, and mergers and acquisitions in the 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 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
    Jan, 2019
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