Smart Home Market

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Smart Home Market by Product (Lighting Control, Security & Access Control, HVAC Control, Smart Speaker, Smart Kitchen, Smart Furniture), Software & Services, Sales Channel, and Region (2021-2026)

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Report Code: SE 3172 Sep, 2021, by marketsandmarkets.com

[490 Pages Report] The Smart home market is projected to grow from USD 84.5 billion in 2021 to USD 138.9 billion by 2026; it is expected to grow at a CAGR of 10.4% from 2021 to 2026. The key factors fueling the growth of this market include increasing number of internet users and growing adoption of smart devices, increasing disposable income of people in developing economies, increasing importance of home monitoring in remote locations, growing need for energy-saving and low carbon emission-oriented solutions, and expansion of smart home product portfolio by a large number of players, and growing concern about safety, security, and convenience among general population.

Smart Home Market

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Smart home market dynamics

Driver: Increasing importance of home monitoring in remote locations

Smart home market not only perform the basic functions such as turning off lights, dimming lights, and closing curtains but are also capable of performing complex functions such as automatically lighting up exit routes in the event of a fire alarm. Connectivity has emerged as a high-end novelty across a wide range of home devices, including security cameras, utility meters, and thermostats. In the coming years, connectivity is likely to become a more pervasive trend to the extent of being an embedded standard in every household device and equipment virtually.

With access to home products from remote locations, users can switch off the lights of their house if left on. They can also keep a watch on any activity taking place within the house through video surveillance systems. For instance, Honeywell launched Lyric Gateway in November 2016, which is a new addition to its Lyric Security and Home Control platform that seamlessly allows consumers to control home security and automation systems through their personal devices. Smart locks allow end users to receive notifications regarding any abnormal activity in or around the house. Homeowners can also remotely set the temperature of the room as well as switch the HVAC and other electrical appliances on and off according to their requirements. The use of data analytics software and solutions, along with home automation systems, helps homeowners determine if the electric equipment in the home is operating efficiently and achieving the targeted energy usage goals. This enables residents to identify the areas that require improvement and energy efficiency upgrades. The improved features and convenience of monitoring homes from remote locations are expected to boost the growth of the smart home market in the coming years.

Restraint: High cost of switching for existing smart device consumers

The shipments of smart home market products depend on the utilization and requirements of homeowners. Consumers usually prefer products that offer convenience and energy efficiency. The cost of smart home products is high and involves other upfront costs like installation and maintenance cost as well. The high cost limits the adoption and acceptance of smart devices by the customers, including many organizations. According to the GFK study, 36% of the respondents feel high prices associated with smart home devices are their major concern. For instance, a smart thermostat in the US costs around USD 250, whereas the traditional thermostat cost around USD 25. The cost factor influences the market negatively.

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 control 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 3 years, is expected to grow at a slower pace during the forecast period of smart home market.

Opportunity: Integration of power line communication technology in smart homes

Power line communication is the transfer of data through electrical power lines. This technology eliminates the need for different networks for power and data; the same lines that carry 110V/240V, 50Hz/60Hz signals are also used to carry data signals. This results in reduced retrofitting costs and installation time, and greater flexibility. The rapid proliferation of gadgets and smartphones, coupled with technological advancements in power line technology, is fueling the adoption of smart products that are capable of operating at the push of a button. Advanced smart devices are available with enhanced and never-before features that make them suitable for a wide range of applications, including temperature control and lighting control. In addition, the advent of high-speed internet broadband, Wi-Fi, and Bluetooth has widened the application areas for smart home market.

In recent years, with the development and availability of technology, the concepts of smart building, smart cities, and Industry 4.0 have become more and more widespread. The smart building environment is characterized by the control and operation of home appliances, heating, or air conditioning, as well as the signaling of unexpected events and the correct response of the system to this event. Everything aims to increase energy efficiency and reduce emissions. One of the possible technologies suitable for this type of application is Power Line Communication (PLC) of smart home market. PLC uses existing power line wiring for the transmission of the information signal on the carrier frequency of low voltage (LV), medium voltage (MV) or high voltage (HV). PLC is the technology that can be compared to wireless solutions in terms of the cost of building a communication infrastructure because power lines are preinstalled and are available everywhere. Thus, the main advantage is the saving of funds for building a communication infrastructure. Thus, a smart home entails the reliability of the preinstalled infrastructure of power line communication that essentially renders it as a situation-aware network of interconnected sensors and actuators. Hence, it effectively brings down installation costs.

A power line communication system acts as a centralized system, with a central data collection and control station, which connects every household with meters and the common transformer station as access points and forms a network that can easily incorporate 300 access points at low voltage levels. Therefore, power line communications have the edge over other communication systems, in terms of infrastructure, accessibility, flexibility, and monitoring. The powerline communication technology is growing rapidly and is viewed as the future of communication technologies for smart home market.

Challenge: Compatibility issues between devices of different companies

The smart home market is highly fragmented in nature. At present, many players are developing different systems with multiple technologies. It is easy to integrate and connect devices made by the same manufacturer or vendor; however, it is a tedious task to link systems developed by different manufacturers or vendors; this could result in limited functionalities and unreliable services apart from incompatibility issues. Therefore, compatibility issues between various devices is a challenge for the growth of this market. As a result, end users regularly install units that can only be controlled by the manufacturer's app. This means that after installing several devices, the end user’s smartphone can be swamped with multiple apps, all controlling different devices, and all dedicated to controlling the home under normal living conditions. Moreover, another problem that arises in a smart home space that combines isolated household devices is multiple control spots, be it smartphone apps of display panels. Manifold touch points complicate control among various IoT systems, even though one of the keys to efficient user experience with IoT products is creating a smooth, one-space experience across all the elements in a connected environment.

The smart furniture segment to register the highest CAGR during the forecast period

Smart furniture, often referred to as the future of furniture, is considered a prominent aspect of home automation, thereby creating numerous smart home market growth opportunities. Despite being in its nascent stage, the market has shown signs of wide-scale adoption. Smart furniture offers various benefits such as enabling wireless charging for smart devices, listening to radio, news or recipe searching, internet browsing, and calling, among others. Also, smart furniture enables monitoring of activities such as sitting or standing time and calories burnt of an inhabitant. This makes smart furniture far more advanced as compared to conventional furniture. Continual technological advancements have resulted in the incorporation of various features such as wireless smartphone charging, induction beverage warmer, and Bluetooth speakers integrated into single furniture, a factor further expected to strengthen the smart furniture market growth.

The proactive software to register the highest CAGR during the forecast period

The smart home market for proactive software is projected to grow at the highest CAGR during the forecast period. Proactive solutions are specifically designed to enable consumers to understand energy patterns and take effective measures to optimize their consumption. Although the proactive software and services are expressly designed to suggest and implement ways to reduce energy consumption, some of the advanced algorithms can also send feedback to end users to ensure that the recommendations sent by them were correct and useful. This enables the users and service companies to test the functionality and reliability of their smart homes. Several proactive solutions are equipped with displays and web software packages, which provide additional information to the consumers, such as trends in energy usage and information pertaining to household baseline energy usage, alarms, and goal tracking.

Asia Pacific to register the highest CAGR during the forecast period

The overall smart home market in APAC has high growth potential, primarily driven by strong economic growth, rising population, and rapid urbanization, leading to a sophisticated infrastructure. Furthermore, the major share of Japan and South Korea in the market in APAC can be attributed to their leading position in terms of technological advancements in smart homes. However, the market in China is expected to grow at the highest CAGR during the forecast period owing to the rising automation demand for a large number of new and existing residential projects.

Smart Home Market by Region

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Key Market Players

Major players in the smart home market are Honeywell (US), Siemens (Germany), Johnson Controls (Ireland), Schneider Electric (France), ASSA ABLOY (Sweden), Amazon (US), Apple (US), ADT (US), ABB (Switzerland), Robert Bosch (Germany), Sony (Japan), Samsung Electronics (South Korea), Ooma (US), Delta Controls (Canada), Control4 (US), Axis Communications (Sweden), Comcast (US), Smarthome (US), Crestron Electronics (US), SimpliSafe (US), Armorax (US), Canary (US), LG Electronics (South Korea), Lutron (US) and Legrand (France). The top players have adopted merger & acquisition, partnership, collaboration, and product launch strategies to grow in the global smart home market.

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Scope of the Report

Report Metric

Details

Market size available for years

2017–2026

Forecast Period

2021–2026

CAGR

10.4%

Segments Covered

Product, Software & Services, Sales Channel and Geography

Base Year

2020

This report categorizes the market based on product, software & services, sales channel, and geography.

Smart Home Market, by Product :

  • Lighting Control
    • Relays
    • Occupancy Sensors
    • Daylight Sensors
    • Timers
    • Dimmers
    • Switches
    • Accessories and Other Products
  • Security and Access Control
    • Video Surveillance
    • Hardware
      • Cameras
      • Storage Devices
      • Monitors
      • Other Accessories
    • Software/Video Analytics
    • Services
  • Access Control
    • Biometric Access Control
      • Fingerprint
      • Palm Recognition
      • Iris Recognition
      • Face Recognition
      • Voice Recognition
      • Other Biometric Readers (Vein recognition and Voice & Speech recognition)
    • Non-Biometric Access Control
      • Card-based Readers
      • Multi-technology Readers
      • Electronic locks
      • Controllers
  • HVAC Control
    • Smart Thermostats
    • Sensors
    • Control Valves
    • Heating & Cooling Coils
    • Dampers
    • Actuators
    • Pumps & Fans
    • Smart Vents
  • Entertainment and Other Controls
    • Entertainment Control
      • Audio & Volume Controls
      • Home Theatre System Controls
      • Touch Screen & Keypads
    • Other Controls
      • Smart Meters
      • Smart Plugs
      • Smart Hubs
      • Smart Locks
      • Smoke Detectors
  • Smart Speaker
  • Home Healthcare
    •   Health Status Monitors
    •  Physical Activity Monitors
  • Smart Kitchen
    • Smart Refrigerators 
    • Smart Coffee Makers
    • Smart Kettles
    • Smart Dish Washers
    • Smart Ovens
    • Smart Cooktops
    • Smart Cookers
  • Home Appliances
    • Smart Washers
    • Smart Dryers
    • Smart Water Heaters
    • Smart Vacuum Cleaners
  • Smart Furniture
    • Smart Tables
    • Smart Desks
    • Smart Stools & Benches
    • Smart Sofas
    • Smart Chairs
  • COVID-19 Impact on market for various products

Market, by Software & Services:

  • Behavioral
  • Proactive

Market, by Sales Channel:

  • Direct
  • Indirect

Geographic Analysis:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • Japan
    • South Korea
    • Australia
    • Rest of APAC
  • Rest of the World (RoW)
    • South America
    • Middle East
    • Africa
  • Impact of COVID-19 on the Smart Home Market in various regions

Recent Developments

  • In December 2020, ASSA ABLOY Entrance Systems and LG collaborated to provide an innovative, first-of-its-kind solution—a transparent OLED automatic sliding door, combining LG’s industry-leading OLED display technology with ASSA ABLOY’s best-selling automatic sliding doors.
  • In December 2020, ADT closed its acquisition of technology company CellBounce following thorough testing of its proprietary 3G-to-4G radio conversion technology, which is now certified for use on AT&T’s 4G cellular network. The user-installable device is expected to reduce the need for technicians to perform the required upgrade in many customer homes before the 3G network becomes obsolete. The device also will also be made commercially available to third parties, allowing the larger security industry to benefit from this cost-saving radio conversion technology.
  • In November 2020, Honeywell expanded its holistic Healthy Buildings Air Quality offering to improve and measure commercial buildings’ indoor air quality with the introduction of Honeywell Electronic Air Cleaners (EACs) with UV Systems and a new line of indoor air quality (IAQ) sensors. Honeywell EACs with UV help remove impurities from the air and provide filtration and disinfection without significantly impeding air flow. The new IAQ sensors include Honeywell's Particulate Matter Sensor PM2.5, Total Volatile Organic Compound (TVOC) Sensor, and All-in-One IAQ Sensor.
  • In November 2020, Bosch Smart Home offers an open interface for selected partners, thus promoting the continuous expansion of its partner network. Mercedes-Benz joined as a partner with its MBUX infotainment system. The integration of the Bosch Smart Home System into the carmaker’s new infotainment system offers its users even more options for controlling their smart homes from their cars.
  • In October 2020, Schneider Electric, the leader in the digital transformation of energy management and automation, announced a new generation of its popular ComPacT molded-case circuit breakers. Featuring a refreshed design that retains the footprint of previous models, the ComPacT breakers are tailored for operational excellence and major simplification of maintenance activities. The ComPacT range now comes connectivity-ready, and modular plug-and-play accessories expand the capacity for advanced monitoring capabilities. By keeping the new units the same shape and size as their predecessors, electrical professionals can easily retrofit breakers already in use. This also opens the opportunity to expand the capabilities of ComPacT breakers trans-generationally to unleash digital intelligence.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 61)
    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 STAKEHOLDERS
    1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 68)
    2.1 RESEARCH DATA
          FIGURE 2 SMART HOME MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Major secondary sources
                    2.1.1.2 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Breakdown of primaries
           2.1.3 SECONDARY AND PRIMARY RESEARCH
                    2.1.3.1 Key industry insights
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1—BOTTOM-UP (DEMAND SIDE) – DEMAND FOR SMART THERMOSTATS
                    FIGURE 4 MARKET: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE)—REVENUE GENERATED FROM SMART HOME PRODUCTS RELATED TO HOME AUTOMATION
                    FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE)—ILLUSTRATION OF REVENUE ESTIMATION FOR ONE OF THE COMPANIES IN THE MARKET
                    FIGURE 7 MARKET: TOP-DOWN APPROACH
           2.2.3 SMART HOME MARKET PROJECTIONS
                    TABLE 1 MARKET GROWTH ASSUMPTIONS
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
          FIGURE 8 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS
    2.5 LIMITATIONS
    2.6 RISK ASSESSMENT

3 EXECUTIVE SUMMARY (Page No. - 83)
    FIGURE 9 ANNUAL AVERAGE GROWTH RATES OF ELECTRICITY DEMAND IN KEY REGIONS, 2018–2020
    FIGURE 10 TOTAL ENERGY CONSUMPTION, BREAKDOWN BY REGION, 2018–2020
    FIGURE 11 BUILDINGS CLIMATE TRACKER (BCT): DECARBONIZATION INDEX TREND FOR BUILDINGS AND CONSTRUCTION (2015–2019)
    FIGURE 12 GLOBAL SHARE OF BUILDINGS AND CONSTRUCTION FINAL ENERGY AND EMISSIONS, 2019
    TABLE 2 NEW RESIDENTIAL CONSTRUCTION IN US, AS OF JULY 2021
    TABLE 3 CONSTRUCTION SPENDING IN US, JULY 2021
    FIGURE 13 GLOBAL PROPAGATION OF COVID-19
    TABLE 4 RECOVERY SCENARIOS FOR GLOBAL ECONOMY
    3.1 REALISTIC SCENARIO
    3.2 OPTIMISTIC SCENARIO
    3.3 PESSIMISTIC SCENARIO
          FIGURE 14 MARKET: GROWTH PROJECTION BY ADOPTING REALISTIC, OPTIMISTIC, AND PESSIMISTIC SCENARIOS
          FIGURE 15 IMPACT OF COVID-19 ON MARKET
          FIGURE 16 ENTERTAINMENT AND OTHER CONTROLS TO ACCOUNT FOR LARGEST SIZE OF MARKET DURING FORECAST PERIOD
          FIGURE 17 BEHAVIORAL SEGMENT IS EXPECTED TO ACCOUNT FOR LARGER MARKET SHARE IN 2021
          FIGURE 18 INDIRECT SALES CHANNEL TO DOMINATE MARKET DURING FORECAST PERIOD
          FIGURE 19 SMART FURNITURE SEGMENT TO REGISTER HIGHEST GROWTH DURING FORECAST PERIOD
          FIGURE 20 NORTH AMERICA TO ACCOUNT FOR LARGEST SHARE OF MARKET IN 2021

4 PREMIUM INSIGHTS (Page No. - 96)
    4.1 ATTRACTIVE OPPORTUNITIES IN MARKET
          FIGURE 21 INCREASING NUMBER OF INTERNET USERS AND GROWING ADOPTION OF SMART DEVICES TO DRIVE MARKET GROWTH DURING FORECAST PERIOD
    4.2 MARKET, BY PRODUCT
          FIGURE 22 SMART FURNITURE SEGMENT TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
    4.3 MARKET, BY SOFTWARE & SERVICE
          FIGURE 23 PROACTIVE SEGMENT TO HOLD LARGER SHARE OF MARKET IN 2021
    4.4 MARKET, BY SALES CHANNEL
          FIGURE 24 INDIRECT SALES CHANNEL TO HOLD LARGER SHARE OF MARKET IN 2021
    4.5 MARKET, BY PRODUCT AND REGION
          FIGURE 25 ENTERTAINMENT AND OTHER CONTROLS AND US TO HOLD LARGEST SHARE OF MARKET IN NORTH AMERICA IN 2021
    4.6 MARKET, BY COUNTRY
          FIGURE 26 US HELD LARGEST SHARE OF SMART HOME MARKET IN 2020

5 MARKET OVERVIEW (Page No. - 99)
    5.1 INTRODUCTION
    5.2 EVOLUTION
          FIGURE 27 EVOLUTION OF MARKET
    5.3 MARKET DYNAMICS
          FIGURE 28 MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.3.1 DRIVERS
                    FIGURE 29 DRIVERS FOR SMART HOME MARKET AND THEIR IMPACTS
                    5.3.1.1 Increasing number of internet users and growing adoption of smart devices
                                FIGURE 30 INTERNET USERS TILL MARCH 2021, BY REGION
                    5.3.1.2 Increasing disposable income of people in developing economies
                                FIGURE 31 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 5 ENERGY-SAVING POTENTIAL OF LIGHTING CONTROL
                    5.3.1.5 Expansion of market product portfolio by a large number of players
                    5.3.1.6 Growing concern about safety, security, and convenience among general population
           5.3.2 RESTRAINTS
                    FIGURE 32 RESTRAINTS FOR MARKET AND THEIR IMPACTS
                    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 security and privacy breaches
           5.3.3 OPPORTUNITIES
                    FIGURE 33 OPPORTUNITIES FOR MARKET AND THEIR IMPACTS
                    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
                    5.3.3.4 Rise in demand for market products due to COVID-19
                                TABLE 6 TOP 5 TV BRANDS, RANKED BY GLOBAL TV SHIPMENT, 3Q2020
           5.3.4 CHALLENGES
                    FIGURE 34 CHALLENGES FOR SMART HOME MARKET AND THEIR IMPACTS
                    5.3.4.1 Difficulties linking disparate systems, limited functionality, and lack of open standards
                    5.3.4.2 Risk of device malfunctioning
                    5.3.4.3 Compatibility issues between devices of different companies
    5.4 SUPPLY CHAIN ANALYSIS
          FIGURE 35 SUPPLY CHAIN ANALYSIS OF ECOSYSTEM OF MARKET: MANUFACTURING AND DISTRIBUTION PHASES ADD MAXIMUM VALUE
           5.4.1 PLANNING AND REVISING FUNDS
           5.4.2 RESEARCH & DEVELOPMENT (R&D)
           5.4.3 ASSEMBLY, DISTRIBUTION, AND AFTER-SALES SERVICES
    5.5 ECOSYSTEM
          FIGURE 36 MARKET ECOSYSTEM
          TABLE 7 KEY PLAYERS AND THEIR ROLE IN SMART HOME ECOSYSTEM
           5.5.1 HOME AUTOMATION OEMS
           5.5.2 SUPPLIERS
           5.5.3 MARKET SYSTEM INTEGRATORS
           5.5.4 DISTRIBUTORS
    5.6 TRENDS IMPACTING CUSTOMER'S BUSINESS
          FIGURE 37 AI IN HOME APPLIANCES AND ROBOTICS TO IMPACT REVENUE OF MARKET PRODUCT MANUFACTURERS DURING FORECAST PERIOD
    5.7 PORTER’S FIVE FORCES MODEL
          TABLE 8 SMART HOME MARKET: PORTER’S FIVE FORCES ANALYSIS
          FIGURE 38 MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.7.1 INTENSITY OF COMPETITIVE RIVALRY
           5.7.2 BARGAINING POWER OF SUPPLIERS
           5.7.3 BARGAINING POWER OF BUYERS
           5.7.4 THREAT OF SUBSTITUTES
           5.7.5 THREAT OF NEW ENTRANTS
    5.8 CASE STUDIES
           5.8.1 ASSA ABLOY’S REMOTE ACCESS DELEGATION TO BUILDINGS TRANSFORMS WAY EMERGENCY SERVICES OPERATE WORLDWIDE
           5.8.2 JOHNSON CONTROLS’ COOLING SOLUTION HELP FISERV (EUROPE) TO TACKLE MAINTENANCE CONSTRAINTS AND ACHIEVE ENERGY SAVINGS
           5.8.3 HONEYWELL (US)’S SECURITY SOLUTION HELP GATEWAY BUILDING (AUSTRALIA) IMPROVE ITS SECURITY AND VISITOR ACCESS SYSTEM
           5.8.4 SIEMENS BUILDING TECHNOLOGIES PROVIDES INTEGRATED SOLUTION FOR FONDATION LOUIS VUITTON MUSEUM IN PARIS (FRANCE)
           5.8.5 ADT (US) RENDERS AN ADVANCED ACCESS CONTROL SYSTEM TO PORT OF CORK (IRELAND)
    5.9 TECHNOLOGY ANALYSIS
           5.9.1 KEY TECHNOLOGY
                    5.9.1.1 Integration of IoT and cloud connectivity with smart home devices
                    5.9.1.2 Integration of artificial intelligence (AI) with market
           5.9.2 COMPLEMENTARY TECHNOLOGY
                    5.9.2.1 Adoption of adaptive learning technology to enhance capabilities of HVAC control devices
                    5.9.2.2 Integration of IoT with smart wearable devices
           5.9.3 ADJACENT TECHNOLOGY
                    5.9.3.1 Penetration of 5G in industrial manufacturing
    5.10 TRADE ANALYSIS
           5.10.1 IMPORT SCENARIO
                    5.10.1.1 Import scenario for thermostats
                                 TABLE 9 IMPORT DATA FOR THERMOSTATS (HS CODE 903210), BY COUNTRY, 2013–2020 (USD MILLION)
                    5.10.1.2 Import scenario for burglar/fire alarms
                                 TABLE 10 IMPORT DATA FOR BURGLAR/FIRE ALARMS (HS CODE 853110), BY COUNTRY, 2013–2020 (USD MILLION)
           5.10.2 EXPORT SCENARIO
                    5.10.2.1 Export scenario for thermostats
                                 TABLE 11 EXPORT DATA FOR THERMOSTATS (HS CODE 903210), BY COUNTRY, 2013–2020 (USD MILLION)
                    5.10.2.2 Export scenario for burglar/fire alarms
                                 TABLE 12 EXPORT DATA FOR BURGLAR/FIRE ALARMS (HS CODE 853110), BY COUNTRY, 2013–2020 (USD MILLION)
    5.11 PATENT ANALYSIS
           TABLE 13 PATENTS IN MARKET, 2018–2020
           FIGURE 39 PATENTS PUBLISHED FOR MARKET FROM 2010 TO 2020
           TABLE 14 NUMBER OF PATENTS REGISTERED IN MARKET FROM 2010 TO 2020
           FIGURE 40 TOP 10 COMPANIES WITH HIGHEST NO. OF PATENT APPLICATIONS FROM 2010 TO 2020
    5.12 TARIFFS
           TABLE 15 MFN TARIFFS FOR THERMOSTATS EXPORTED BY US
           TABLE 16 MFN TARIFFS FOR THERMOSTATS EXPORTED BY CHINA
           TABLE 17 MFN TARIFFS FOR BURGLAR/FIRE ALARMS EXPORTED BY US
           TABLE 18 MFN TARIFFS FOR BURGLAR/FIRE ALARMS EXPORTED BY CHINA
           5.12.1 POSITIVE IMPACT OF TARIFFS ON SMART HOME PRODUCTS
           5.12.2 NEGATIVE IMPACT OF TARIFFS ON PRODUCTS
           5.12.3 REGULATIONS AND STANDARDS
                    5.12.3.1 Standards
           5.12.4 REGULATIONS
                    5.12.4.1 Regulatory framework for IoT and connected appliances in Europe, US, and Latin America
    5.13 AVERAGE SELLING PRICE (ASP) OF VARIOUS COMPONENTS OF SMART HOME SYSTEMS
           TABLE 19 AVERAGE SELLING PRICES OF VARIOUS COMPONENTS OF SYSTEMS
           FIGURE 41 ASP TREND FOR LED DRIVERS AND BALLASTS AND VIDEO SURVEILLANCE CAMERAS
           FIGURE 42 AVERAGE SELLING PRICE OF SMART KITCHEN AND HOME APPLIANCES

6 SMART HOME MARKET FOR SOFTWARE & SERVICES (Page No. - 146)
    6.1 INTRODUCTION
          FIGURE 43 MARKET FOR SOFTWARE AND SERVICES, BY TYPE
          TABLE 20 MARKET FOR SOFTWARE AND SERVICES, BY TYPE, 2017–2020 (USD BILLION)
          FIGURE 44 BEHAVIORAL SOFTWARE AND SERVICES IS EXPECTED TO HOLD LARGER MARKET SHARE DURING FORECAST PERIOD
          TABLE 21 MARKET FOR SOFTWARE AND SERVICES, BY TYPE, 2021–2026 (USD BILLION)
    6.2 BEHAVIORAL
           6.2.1 BEHAVIORAL SOFTWARE AND SERVICES SEGMENT TO HOLD LARGER MARKET SHARE DURING FORECAST PERIOD
    6.3 PROACTIVE
           6.3.1 PROACTIVE SOFTWARE AND SERVICES SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD

7 SMART HOME MARKET, BY PRODUCT (Page No. - 151)
    7.1 INTRODUCTION
          FIGURE 45 MARKET, BY PRODUCT
          TABLE 22 MARKET, BY PRODUCT, 2017–2020 (USD MILLION)
          FIGURE 46 SMART FURNITURE SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
          TABLE 23 MARKET, BY PRODUCT, 2021–2026 (USD MILLION)
    7.2 LIGHTING CONTROL
           7.2.1 MARKET DYNAMICS
                    7.2.1.1 Drivers
                               7.2.1.1.1 Growing demand for energy-efficient lighting solutions
                               7.2.1.1.2 Intensifying need for energy conservation energy and increasing efficiency of lighting products
                               7.2.1.1.3 Increasing smart city lighting initiatives worldwide
                    7.2.1.2 Restraints
                               7.2.1.2.1 Compatibility issues associated with lighting control systems
                               7.2.1.2.2 Limited awareness about benefits of lighting control
                               7.2.1.2.3 High installation costs
                               7.2.1.2.4 Security and privacy issues associated with smart lighting control systems
                    7.2.1.3 Opportunities
                               7.2.1.3.1 Consumer perception undergoing a paradigm shift
                               7.2.1.3.2 Expanding mood lighting segment to create growth opportunities for lighting control systems
                               7.2.1.3.3 Increasing demand for daylight sensors to foster the growth of the market
           7.2.2 PRODUCTS CONSIDERED UNDER LIGHTING CONTROL
                    FIGURE 47 MARKET FOR LIGHTING CONTROL PRODUCTS
                    TABLE 24 SMART HOME MARKET FOR LIGHTING CONTROL, BY PRODUCT, 2017–2020 (USD MILLION)
                    FIGURE 48 OCCUPANCY SENSORS TO HOLD LARGEST SHARE OF MARKET FOR LIGHTING CONTROL DURING FORECAST PERIOD
                    TABLE 25 MARKET FOR LIGHTING CONTROL, BY PRODUCT, 2021–2026 (USD MILLION)
                    TABLE 26 MARKET FOR LIGHTING CONTROL, BY PRODUCT, 2017–2020 (THOUSAND UNITS)
                    TABLE 27 MARKET FOR LIGHTING CONTROL, BY PRODUCT, 2021–2026 (THOUSAND UNITS)
                    TABLE 28 MARKET FOR LIGHTING CONTROL, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 29 MARKET FOR LIGHTING CONTROL, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 30 MARKET FOR LIGHTING CONTROL, BY REGION, 2017–2020 (THOUSAND UNITS)
                    TABLE 31 MARKET FOR LIGHTING CONTROL, BY REGION, 2021–2026 (THOUSAND UNITS)
                    7.2.2.1 Relays
                               7.2.2.1.1 Relays work as ON/OFF switches in lighting control systems
                                             TABLE 32 MARKET FOR RELAYS, BY REGION, 2017–2020 (USD MILLION)
                                             TABLE 33 MARKET FOR RELAYS, BY REGION, 2021–2026 (USD MILLION)
                                             TABLE 34 MARKET FOR RELAYS, BY REGION, 2017–2020 (THOUSAND UNITS)
                                             TABLE 35 MARKET FOR RELAYS, BY REGION, 2021–2026 (THOUSAND UNITS)
                    7.2.2.2 Occupancy sensors
                               7.2.2.2.1 Occupancy sensors detect presence of individuals to switch lights ON/OFF
                                             TABLE 36 MARKET FOR OCCUPANCY SENSORS, BY REGION, 2017–2020 (USD MILLION)
                                             TABLE 37 MARKET FOR OCCUPANCY SENSORS, BY REGION, 2021–2026 (USD MILLION)
                                             TABLE 38 MARKET FOR OCCUPANCY SENSORS, BY REGION, 2017–2020 (THOUSAND UNITS)
                                             TABLE 39 MARKET FOR OCCUPANCY SENSORS, BY REGION, 2021–2026 (THOUSAND UNITS)
                    7.2.2.3 Daylight sensors
                               7.2.2.3.1 Daylight sensors function as photosensors to measure intensity of natural light and accordingly adjust amount of artificial light
                                             TABLE 40 MARKET FOR DAYLIGHT SENSORS, BY REGION, 2017–2020 (USD MILLION)
                                             TABLE 41 MARKET FOR DAYLIGHT SENSORS, BY REGION, 2021–2026 (USD MILLION)
                                             TABLE 42 MARKET FOR DAYLIGHT SENSORS, BY REGION, 2017–2020 (THOUSAND UNITS)
                                             TABLE 43 MARKET FOR DAYLIGHT SENSORS, BY REGION, 2021–2026 (THOUSAND UNITS)
                    7.2.2.4 Timers
                               7.2.2.4.1 Timers are used to turn lights on/off automatically after a pre-specified time
                                             TABLE 44 MARKET FOR TIMERS, BY REGION, 2017–2020 (USD MILLION)
                                             TABLE 45 MARKET FOR TIMERS, BY REGION, 2021–2026 (USD MILLION)
                                             TABLE 46 MARKET FOR TIMERS, BY REGION, 2017–2020 (THOUSAND UNITS)
                                             TABLE 47 MARKET FOR TIMERS, BY REGION, 2021–2026 (THOUSAND UNITS)
                    7.2.2.5 Dimmers
                               7.2.2.5.1 Dimmers are used to adjust brightness in lighting control systems by means of voltage variation
                                             TABLE 48 SMART HOME MARKET FOR DIMMERS, BY REGION, 2017–2020 (USD MILLION)
                                             TABLE 49 MARKET FOR DIMMERS, BY REGION, 2021–2026 (USD MILLION)
                                             TABLE 50 MARKET FOR DIMMERS, BY REGION, 2017–2020 (THOUSAND UNITS)
                                             TABLE 51 MARKET FOR DIMMERS, BY REGION, 2021–2026 (THOUSAND UNITS)
                    7.2.2.6 Switches
                               7.2.2.6.1 Switches can be categorized as manual and remote-controlled
                                             TABLE 52 MARKET FOR SWITCHES, BY REGION, 2017–2020 (USD MILLION)
                                             TABLE 53 MARKET FOR SWITCHES, BY REGION, 2021–2026 (USD MILLION)
                                             TABLE 54 MARKET FOR SWITCHES, BY REGION, 2017–2020 (THOUSAND UNITS)
                                             TABLE 55 MARKET FOR SWITCHES, BY REGION, 2021–2026 (THOUSAND UNITS)
                    7.2.2.7 Accessories and other products
                                TABLE 56 MARKET FOR ACCESSORIES AND OTHER PRODUCTS, BY REGION, 2017–2020 (USD MILLION)
                                TABLE 57 MARKET FOR ACCESSORIES AND OTHER PRODUCTS, BY REGION, 2021–2026 (USD MILLION)
                                TABLE 58 MARKET FOR ACCESSORIES AND OTHER PRODUCTS, BY REGION, 2017–2020 (THOUSAND UNITS)
                                TABLE 59 MARKET FOR ACCESSORIES AND OTHER PRODUCTS, BY REGION, 2021–2026 (THOUSAND UNITS)
    7.3 SECURITY AND ACCESS CONTROL
           7.3.1 MARKET DYNAMICS
                    7.3.1.1 Drivers
                               7.3.1.1.1 Increasing crime rate leading to adoption of home security systems
                               7.3.1.1.2 Development of mobile interfaces
                               7.3.1.1.3 Development of multi-level/multifactor biometric access controls that enhance authentication processes
                               7.3.1.1.4 Rising adoption of IoT-based security systems
                    7.3.1.2 Restraints
                               7.3.1.2.1 Growing concerns with regards to privacy
                               7.3.1.2.2 High initial setup costs to hinder market growth
                               7.3.1.2.3 Limited adoption of Access Control as a Service (ACaaS)
                    7.3.1.3 Opportunities
                               7.3.1.3.1 Significant prospects of biometrics technologies in home security applications
                               7.3.1.3.2 Increase in adoption of security and access control systems post COVID-19 outbreak
           7.3.2 PRODUCTS COVERED UNDER SECURITY AND ACCESS CONTROL
                    FIGURE 49 MARKET FOR SECURITY AND ACCESS CONTROL PRODUCTS
                    TABLE 60 SMART HOME MARKET FOR SECURITY AND ACCESS CONTROL, BY PRODUCT, 2017–2020 (USD MILLION)
                    FIGURE 50 VIDEO SURVEILLANCE SEGMENT TO HOLD A LARGER SHARE OF MARKET FOR SECURITY AND ACCESS CONTROL DURING FORECAST PERIOD
                    TABLE 61 MARKET FOR SECURITY AND ACCESS CONTROL, BY PRODUCT, 2021–2026 (USD MILLION)
                    TABLE 62 MARKET FOR SECURITY AND ACCESS CONTROL, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 63 MARKET FOR SECURITY AND ACCESS CONTROL, BY REGION, 2021–2026 (USD MILLION)
                    7.3.2.1 Video surveillance
                                TABLE 64 MARKET FOR VIDEO SURVEILLANCE, BY OFFERING, 2017–2020 (USD MILLION)
                                FIGURE 51 SOFTWARE SEGMENT TO REGISTER HIGHEST CAGR IN VIDEO SURVEILLANCE MARKET DURING FORECAST PERIOD
                                TABLE 65 MARKET FOR VIDEO SURVEILLANCE, BY OFFERING, 2021–2026 (USD MILLION)
                                TABLE 66 MARKET FOR VIDEO SURVEILLANCE, BY REGION, 2017–2020 (USD MILLION)
                                TABLE 67 MARKET FOR VIDEO SURVEILLANCE, BY REGION, 2021–2026 (USD MILLION)
                               7.3.2.1.1 Hardware
                                              TABLE 68 MARKET FOR VIDEO SURVEILLANCE, BY HARDWARE, 2017–2020 (USD MILLION)
                                              FIGURE 52 CAMERAS TO HOLD LARGEST SHARE OF MARKET FOR VIDEO SURVEILLANCE HARDWARE DURING FORECAST PERIOD
                                              TABLE 69 MARKET FOR VIDEO SURVEILLANCE, BY HARDWARE, 2021–2026 (USD MILLION)
                                             7.3.2.1.1.1 Cameras
                                                               7.3.2.1.1.1.1 Cameras capture video footage of places under surveillance and can operate nonstop
                                             7.3.2.1.1.2 IP camera
                                                               7.3.2.1.1.2.1 IP cameras are equipped with embedded web servers and can be accessed and controlled over IP networks
                                             7.3.2.1.1.3 Analog camera
                                                               7.3.2.1.1.3.1 Analog cameras have lower initial costs and require lesser technical maintenance compared to that of IP cameras
                                                                                  TABLE 70 SMART HOME MARKET FOR VIDEO SURVEILLANCE CAMERAS, BY TYPE, 2017–2020 (USD MILLION)
                                                                                  TABLE 71 MARKET FOR VIDEO SURVEILLANCE CAMERAS, BY TYPE, 2021–2026 (USD MILLION)
                                                                                  TABLE 72 MARKET FOR VIDEO SURVEILLANCE CAMERAS, BY TYPE, 2017–2020 (THOUSAND UNITS)
                                                                                  TABLE 73 MARKET FOR VIDEO SURVEILLANCE CAMERAS, BY TYPE, 2021–2026 (THOUSAND UNITS)
                                             7.3.2.1.1.4 Storage devices
                                                              7.3.2.1.1.4.1 Introduction of IP cameras has boosted demand for IP-based surveillance storage systems and technologies
                                             7.3.2.1.1.5 Monitors
                                                              7.3.2.1.1.5.1 Monitors project data obtained by cameras as output of video surveillance systems
                                             7.3.2.1.1.6 Other accessories
                                                              7.3.2.1.1.6.1 Other accessories are used for connecting various devices and enhancing video surveillance capabilities
                               7.3.2.1.2 Software
                                             7.3.2.1.2.1 Software provides interface between hardware and system users
                                             7.3.2.1.2.2 Video analytics software
                                                              7.3.2.1.2.2.1 Video analytics solutions automatically monitor cameras and alert users about unusual or suspicious events
                                             7.3.2.1.2.3 Video management software (VMS)
                                                              7.3.2.1.2.3.1 Video management software is a platform for video monitoring, recording, and analysis
                                             7.3.2.1.2.4 Neural networks and algorithms
                                                              7.3.2.1.2.4.1 Neural networks and algorithms are used to extract patterns or coded data to identify behavioral trends
                    7.3.2.2 Access control
                                TABLE 74 SMART HOME MARKET FOR ACCESS CONTROL, BY OFFERING, 2017–2020 (USD MILLION)
                                FIGURE 53 HARDWARE SEGMENT TO HOLD LARGEST SHARE OF MARKET FOR ACCESS CONTROL DURING FORECAST PERIOD
                                TABLE 75 MARKET FOR ACCESS CONTROL, BY OFFERING, 2021–2026 (USD MILLION)
                                TABLE 76 MARKET FOR ACCESS CONTROL, BY REGION, 2017–2020 (USD MILLION)
                                TABLE 77 MARKET FOR ACCESS CONTROL, BY REGION, 2021–2026 (USD MILLION)
                               7.3.2.2.1 Hardware
                                             TABLE 78 MARKET FOR ACCESS CONTROL HARDWARE, BY TYPE, 2017–2020 (USD MILLION)
                                             FIGURE 54 CARD-BASED READERS TO HOLD LARGEST SHARE OF MARKET FOR ACCESS CONTROL HARDWARE DURING FORECAST PERIOD
                                             TABLE 79 MARKET FOR ACCESS CONTROL HARDWARE, BY TYPE, 2021–2026 (USD MILLION)
                                             7.3.2.2.1.1 Non-biometric
                                                              7.3.2.2.1.1.1 Card-based readers
                                                                                 7.3.2.2.1.1.1.1 Cart-based readers are used to authenticate user identity
                                                              7.3.2.2.1.1.2 Multi-technology readers
                                                                                 7.3.2.2.1.1.2.1 Multi-technology readers employ combination of card and biometrics
                                                              7.3.2.2.1.1.3 Electronic locks
                                                                                 7.3.2.2.1.1.3.1 Electronic locks cannot be tampered with and provide better security than mechanical locks
                                             7.3.2.2.1.2 Controllers
                                                              7.3.2.2.1.2.1 Control panels transmit data between readers and software through various types of communication interfaces
                                             7.3.2.2.1.3 Biometric readers
                                                              7.3.2.2.1.3.1 Facial recognition
                                                                                  7.3.2.2.1.3.1.1 Facial recognition systems use numeric codes called face prints
                                                              7.3.2.2.1.3.2 Iris recognition
                                                                                  7.3.2.2.1.3.2.1 Iris recognition is more detail-oriented and, thereby, provides high level of security
                                                              7.3.2.2.1.3.3 Fingerprint recognition
                                                                                  7.3.2.2.1.3.3.1 Fingerprint recognition used in police investigations, defense-related purposes, and immigration applications
                                                              7.3.2.2.1.3.4 Palm recognition
                                                                                  7.3.2.2.1.3.4.1 Palm recognition has many unique advantages, including high recognition rate, low cost of acquisition equipment, and good user acceptance
                                                              7.3.2.2.1.3.5 Voice recognition
                                                                                  7.3.2.2.1.3.5.1 Voice recognition enables hands-free control of devices
                                                              7.3.2.2.1.3.6 Other biometric readers
                                                                                  TABLE 80 MARKET FOR BIOMETRIC READERS, BY TYPE, 2017–2020 (USD MILLION)
                                                                                  TABLE 81 MARKET FOR BIOMETRIC READERS, BY TYPE, 2021–2026 (USD MILLION)
                                                                                  TABLE 82 MARKET FOR BIOMETRIC READERS, BY TYPE, 2017–2020 (THOUSAND UNITS)
                                                                                  TABLE 83 SMART HOME MARKET FOR BIOMETRIC READERS, BY TYPE, 2021–2026 (THOUSAND UNITS)
                                             7.3.2.2.1.4 Others
                    7.3.2.3 Software
                               7.3.2.3.1 Access control software is often integrated with other security management platforms, such as video surveillance, intrusion, and visitor management systems
                    7.3.2.4 Services
                               7.3.2.4.1 Services majorly include installation, support, and maintenance services
    7.4 HVAC CONTROL
           7.4.1 MARKET DYNAMICS
                    7.4.1.1 Drivers
                               7.4.1.1.1 Flexibility and ease of accessing HVAC systems
                               7.4.1.1.2 Reduction in long-term energy costs through enhanced hardware, integrated control systems, and management services
                               7.4.1.1.3 Boom in construction sector fueling demand for HVAC controls
                               7.4.1.1.4 Emergence of IoT-enabled HVAC systems
                    7.4.1.2 Restraints
                               7.4.1.2.1 Lack of interoperability and standardization
                               7.4.1.2.2 Lack of awareness about benefits of HVAC systems
                               7.4.1.2.3 High costs and technical complexities associated with installation of HVAC control systems
                    7.4.1.3 Opportunities
                               7.4.1.3.1 Innovations in sensors and controls
                               7.4.1.3.2 Growing demand for cloud computing in HVAC
                               7.4.1.3.3 Integration of smart devices with HVAC systems
           7.4.2 PRODUCTS COVERED UNDER HVAC CONTROL
                    FIGURE 55 MARKET FOR HVAC CONTROL PRODUCTS AND COMPONENTS
                    TABLE 84 MARKET FOR HVAC CONTROL, BY PRODUCT, 2017–2020 (USD MILLION)
                    FIGURE 56 PUMPS & FANS SEGMENT TO HOLD LARGEST SIZE OF MARKET FOR HVAC CONTROL DURING FORECAST PERIOD
                    TABLE 85 MARKET FOR HVAC CONTROL, BY PRODUCT, 2021–2026 (USD MILLION)
                    TABLE 86 MARKET FOR HVAC CONTROL, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 87 MARKET FOR HVAC CONTROL, BY REGION, 2021–2026 (USD MILLION)
                    7.4.2.1 Smart thermostats
                               7.4.2.1.1 Smart thermostats maintain temperature at required levels
                                               TABLE 88 MARKET FOR SMART THERMOSTATS, BY REGION, 2017–2020 (USD MILLION)
                                               TABLE 89 MARKET FOR SMART THERMOSTATS, BY REGION, 2021–2026 (USD MILLION)
                                               TABLE 90 MARKET FOR SMART THERMOSTATS, BY REGION, 2017–2020 (THOUSAND UNITS)
                                               TABLE 91 MARKET FOR SMART THERMOSTATS, BY REGION, 2021–2026 (THOUSAND UNITS)
                    7.4.2.2 Sensors
                               7.4.2.2.1 Sensors perform logical functions such as making decisions and communicating with other systems
                                               TABLE 92 MARKET FOR SENSORS, BY REGION, 2017–2020 (USD MILLION)
                                               TABLE 93 MARKET FOR SENSORS, BY REGION, 2021–2026 (USD MILLION)
                    7.4.2.3 Control valves
                               7.4.2.3.1 Control valves regulate flow of fluids in various processes
                                               TABLE 94 MARKET FOR CONTROL VALVES, BY REGION, 2017–2020 (USD MILLION)
                                               TABLE 95 MARKET FOR CONTROL VALVES, BY REGION, 2021–2026 (USD MILLION)
                    7.4.2.4 Heating and cooling coils
                               7.4.2.4.1 HVAC systems use coils to maintain temperature
                                               TABLE 96 MARKET FOR HEATING & COOLING COILS, BY REGION, 2017–2020 (USD MILLION)
                                               TABLE 97 MARKET FOR HEATING & COOLING COILS, BY REGION, 2021–2026 (USD MILLION)
                    7.4.2.5 Dampers
                               7.4.2.5.1 Dampers regulate flow of hot/cold air in rooms
                                               TABLE 98 MARKET FOR DAMPERS, BY REGION, 2017–2020 (USD MILLION)
                                               TABLE 99 MARKET FOR DAMPERS, BY REGION, 2021–2026 (USD MILLION)
                    7.4.2.6 Actuators
                               7.4.2.6.1 Actuators control dampers and valves in HVAC systems
                                               TABLE 100 MARKET FOR ACTUATORS, BY REGION, 2017–2020 (USD MILLION)
                                               TABLE 101 SMART HOME MARKET FOR ACTUATORS, BY REGION, 2021–2026 (USD MILLION)
                    7.4.2.7 Pumps and fans
                               7.4.2.7.1 Pumps and exhaust fans in HVAC maintain comfor                                               TABLE temperature in buildings
                                               TABLE 102 MARKET FOR PUMPS & FANS, BY REGION, 2017–2020 (USD MILLION)
                                               TABLE 103 MARKET FOR PUMPS & FANS, BY REGION, 2021–2026 (USD MILLION)
                    7.4.2.8 Smart vents
                               7.4.2.8.1 Smart vents can be programmed to open and close according to temperature conditions of rooms
                                               TABLE 104 MARKET FOR SMART VENTS, BY REGION, 2017–2020 (USD MILLION)
                                               TABLE 105 MARKET FOR SMART VENTS, BY REGION, 2021–2026 (USD MILLION)
    7.5 ENTERTAINMENT CONTROL AND OTHER CONTROLS
          TABLE 106 MARKET FOR ENTERTAINMENT AND OTHER CONTROLS, BY PRODUCT, 2017–2020 (USD MILLION)
          FIGURE 57 MARKET FOR ENTERTAINMENT CONTROL TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
          TABLE 107 MARKET FOR ENTERTAINMENT AND OTHER CONTROLS, BY PRODUCT, 2021–2026 (USD MILLION)
          TABLE 108 MARKET FOR ENTERTAINMENT AND OTHER CONTROLS, BY REGION, 2017–2020 (USD MILLION)
          TABLE 109 MARKET FOR ENTERTAINMENT AND OTHER CONTROLS, BY REGION, 2021–2026 (USD MILLION)
           7.5.1 MARKET DYNAMICS
                    7.5.1.1 Drivers
                               7.5.1.1.1 Changing lifestyle of consumers
                               7.5.1.1.2 Enhanced level of comfort offered
                               7.5.1.1.3 Growing consumer inclination towards entertainment products
                    7.5.1.2 Restraints
                               7.5.1.2.1 High cost of entertainment control systems
                               7.5.1.2.2 Consumer apprehensions due to adverse effects on health from audio equipment and wireless entertainment devices
                    7.5.1.3 Opportunities
                               7.5.1.3.1 Development of 3D gesture-based remote entertainment controls
                               7.5.1.3.2 Integration of AI with entertainment devices
           7.5.2 ENTERTAINMENT CONTROL PRODUCTS
                    FIGURE 58 MARKET FOR ENTERTAINMENT CONTROL, BY PRODUCT
                    TABLE 110 MARKET FOR ENTERTAINMENT CONTROL, BY PRODUCT, 2017–2020 (USD MILLION)
                    FIGURE 59 AUDIO & VOLUME CONTROLS SEGMENT TO COMMAND LARGEST MARKET SHARE DURING FORECAST PERIOD
                    TABLE 111 MARKET FOR ENTERTAINMENT CONTROL, BY PRODUCT, 2021–2026 (USD MILLION)
                    TABLE 112 MARKET FOR ENTERTAINMENT CONTROL, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 113 MARKET FOR ENTERTAINMENT CONTROL, BY REGION, 2021–2026 (USD MILLION)
                    7.5.2.1 Audio and volume controls
                               7.5.2.1.1 Audio and volume control systems enable playback and music control throughout homes
                                               TABLE 114 MARKET FOR AUDIO & VOLUME CONTROLS, BY REGION, 2017–2020 (USD MILLION)
                                               TABLE 115 MARKET FOR AUDIO & VOLUME CONTROLS, BY REGION, 2021–2026 (USD MILLION)
                    7.5.2.2 Home theater system controls
                               7.5.2.2.1 Home theater systems are professionally designed to provide ultimate movie-viewing experience
                                               TABLE 116 MARKET FOR HOME THEATER SYSTEM CONTROLS, BY REGION, 2017–2020 (USD MILLION)
                                               TABLE 117 MARKET FOR HOME THEATER SYSTEM CONTROLS, BY REGION, 2021–2026 (USD MILLION)
                    7.5.2.3 Touchscreens and keypads
                               7.5.2.3.1 Touchscreens and keypads control audio-video distribution at homes
                                               TABLE 118 MARKET FOR TOUCHSCREENS & KEYPADS, BY REGION, 2017–2020 (USD MILLION)
                                               TABLE 119 MARKET FOR TOUCHSCREENS & KEYPADS, BY REGION, 2021–2026 (USD MILLION)
           7.5.3 OTHER CONTROL PRODUCTS
                    FIGURE 60 MARKET FOR OTHER CONTROLS, BY PRODUCT
                    TABLE 120 MARKET FOR OTHER CONTROLS, BY PRODUCT, 2017–2020 (USD MILLION)
                    FIGURE 61 SMART HUBS SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
                    TABLE 121 MARKET FOR OTHER CONTROLS, BY PRODUCT, 2021–2026 (USD MILLION)
                    TABLE 122 MARKET FOR OTHER CONTROLS, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 123 MARKET FOR OTHER CONTROLS, BY REGION, 2021–2026 (USD MILLION)
                    7.5.3.1 Smart meters
                               7.5.3.1.1 Smart meters measure energy consumption and enable communication between users and utilities
                                               TABLE 124 MARKET FOR SMART METERS, BY REGION, 2017–2020 (USD MILLION)
                                               TABLE 125 SMART HOME MARKET FOR SMART METERS, BY REGION, 2021–2026 (USD MILLION)
                    7.5.3.2 Smart plugs
                               7.5.3.2.1 Smart plugs give users ability to monitor all devices connected to smart plugs
                                               TABLE 126 MARKET FOR SMART PLUGS, BY REGION, 2017–2020 (USD MILLION)
                                               TABLE 127 MARKET FOR SMART PLUGS, BY REGION, 2021–2026 (USD MILLION)
                    7.5.3.3 Smart hubs
                               7.5.3.3.1 Smart hubs control connected gadgets in market
                                               TABLE 128 MARKET FOR SMART HUBS, BY REGION, 2017–2020 (USD MILLION)
                                               TABLE 129 MARKET FOR SMART HUBS, BY REGION, 2021–2026 (USD MILLION)
                    7.5.3.4 Smart locks
                               7.5.3.4.1 Smart locks are wireless-enabled and can be based on various wireless technologies
                                               TABLE 130 MARKET FOR SMART LOCKS, BY REGION, 2017–2020 (USD MILLION)
                                               TABLE 131 MARKET FOR SMART LOCKS, BY REGION, 2021–2026 (USD MILLION)
                    7.5.3.5 Smoke detectors
                               7.5.3.5.1 Smoke detectors detect smoke faster than flame and heat detectors
                                               TABLE 132 MARKET FOR SMOKE DETECTORS, BY REGION, 2017–2020 (USD MILLION)
                                               TABLE 133 MARKET FOR SMOKE DETECTORS, BY REGION, 2021–2026 (USD MILLION)
    7.6 SMART SPEAKER
           7.6.1 SMART SPEAKERS ENABLE CONTROL OF SMART DEVICES THROUGH USER VOICE-CONTROL
                    TABLE 134 MARKET FOR SMART SPEAKERS, BY REGION, 2017–2020 (USD MILLION)
                    FIGURE 62 SMART SPEAKER MARKET IN APAC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
                    TABLE 135 MARKET FOR SMART SPEAKERS, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 136 MARKET FOR SMART SPEAKERS, BY REGION, 2017–2020 (THOUSAND UNITS)
                    TABLE 137 MARKET FOR SMART SPEAKERS, BY REGION, 2021–2026 (THOUSAND UNITS)
           7.6.2 MARKET DYNAMICS
                    7.6.2.1 Drivers
                               7.6.2.1.1 Increasing number of smart home market
                                             TABLE 138 REVENUE CONTRIBUTION FROM MARKET IN SMART CITIES
                               7.6.2.1.2 Rising disposable income
                               7.6.2.1.3 Proliferation of multifunctional devices
                               7.6.2.1.4 Growing trend of personalization
                               7.6.2.1.5 Entry of large internet/technology companies in smart speaker market
                               7.6.2.1.6 Growing popularity of smart speakers with displays
                    7.6.2.2 Restraints
                               7.6.2.2.1 Issues related to connectivity range, compatibility, and power
                               7.6.2.2.2 Concerns related to data security
                    7.6.2.3 Opportunities
                               7.6.2.3.1 Increasing consumer preference for technologically advanced products
                               7.6.2.3.2 Increasing demand for smart speakers post COVID-19 pandemic
                                             FIGURE 63 CONCEPTUAL FRAMEWORK ON CONSUMER ACCEPTANCE OF NEW TECHNOLOGIES
                               7.6.2.3.3 Increasing focus of companies on enhancing customer experience
                                             FIGURE 64 TIMELINE OF SMART SPEAKERS OFFERED BY KEY PLAYERS
    7.7 HOME HEALTHCARE
           7.7.1 MARKET DYNAMICS
                    7.7.1.1 Drivers
                               7.7.1.1.1 Increasing awareness about fitness and rise in disposable income in developing economies
                               7.7.1.1.2 Changing demographics to positively affect home health systems
                               7.7.1.1.3 Rising aging population, high incidence of chronic diseases, and need to expand home healthcare access
                               7.7.1.1.4 Aids provided by governments for home healthcare services
                    7.7.1.2 Restraints
                               7.7.1.2.1 Limited awareness and number of general healthcare facilities
                               7.7.1.2.2 Patient safety concerns
                    7.7.1.3 Opportunities
                               7.7.1.3.1 Emerging market for smart wearables to drive home healthcare market
                               7.7.1.3.2 Increase in adoption of home healthcare products due to COVID-19 pandemic
           7.7.2 PRODUCTS COVERED UNDER HOME HEALTHCARE
                    FIGURE 65 MARKET FOR HOME HEALTHCARE PRODUCT
                    TABLE 139 SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2017–2020 (USD MILLION)
                    FIGURE 66 PHYSICAL ACTIVITY MONITORS SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PEROID
                    TABLE 140 MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2021–2026 (USD MILLION)
                    TABLE 141 MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2017–2020 (THOUSAND UNITS)
                    TABLE 142 MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2021–2026 (THOUSAND UNITS)
                    TABLE 143 MARKET FOR HOME HEALTHCARE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 144 MARKET FOR HOME HEALTHCARE, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 145 MARKET FOR HOME HEALTHCARE, BY REGION, 2017–2020 (THOUSAND UNITS)
                    TABLE 146 MARKET FOR HOME HEALTHCARE, BY REGION, 2021–2026 (THOUSAND UNITS)
                    7.7.2.1 Health status monitors
                               7.7.2.1.1 Potential to reduce healthcare complications, portability, and high accuracy are expected to create a significant demand for health status monitors
                               7.7.2.1.2 Fitness and heart rate monitor
                                             7.7.2.1.2.1 Growing health consciousness among people is driving adoption of fitness and heart rate monitors
                               7.7.2.1.3 Blood pressure monitor
                                             7.7.2.1.3.1 Growth emphasis on treatment and control of diseases is contributing to demand for blood pressure monitors
                               7.7.2.1.4 Blood glucose meter
                                             7.7.2.1.4.1 Increase diabetic population is boosting adoption of blood glucose meters
                               7.7.2.1.5 Continuous glucose monitor
                                             7.7.2.1.5.1 Continuous glucose monitors offer better results than conventional glucose monitoring systems
                               7.7.2.1.6 Pulse oximeter
                                             7.7.2.1.6.1 Pulse oximeter is used to monitor oxygen level present in user’s blood
                               7.7.2.1.7 Fall detector
                                             7.7.2.1.7.1 Fall detector detects and notifies monitoring personnel if users collapse
                                                               TABLE 147 MARKET FOR HEALTH STATUS MONITORS, BY REGION, 2017–2020 (USD MILLION)
                                                               TABLE 148 MARKET FOR HEALTH STATUS MONITORS, BY REGION, 2021–2026 (USD MILLION)
                                                               TABLE 149 MARKET FOR HEALTH STATUS MONITORS, BY REGION, 2017–2020 (THOUSAND UNITS)
                                                               TABLE 150 MARKET FOR HEALTH STATUS MONITORS, BY REGION, 2021–2026 (THOUSAND UNITS)
                    7.7.2.2 Physical activity monitors
                               7.7.2.2.1 Physical activity monitors are smart wearable devices used to track physical activity levels of users
                                               TABLE 151 MARKET FOR PHYSICAL ACTIVITY MONITORS, BY REGION, 2017–2020 (USD MILLION)
                                               TABLE 152 MARKET FOR PHYSICAL ACTIVITY MONITORS, BY REGION, 2021–2026 (USD MILLION)
                                               TABLE 153 MARKET FOR PHYSICAL ACTIVITY MONITORS, BY REGION, 2017–2020 (THOUSAND UNITS)
                                               TABLE 154 MARKET FOR PHYSICAL ACTIVITY MONITORS, BY REGION, 2021–2026 (THOUSAND UNITS)
    7.8 SMART KITCHEN
           7.8.1 MARKET DYNAMICS
                    7.8.1.1 Drivers
                               7.8.1.1.1 Changing lifestyles and preferences of consumers
                               7.8.1.1.2 Rising importance of energy conservation
                    7.8.1.2 Restraints
                               7.8.1.2.1 High cost of smart kitchen appliances
                    7.8.1.3 Opportunities
                               7.8.1.3.1 Rising adoption of smart appliances in developing countries
                               7.8.1.3.2 Incorporation of IoT in kitchen appliances
           7.8.2 PRODUCTS COVERED UNDER SMART KITCHEN
                    FIGURE 67 MARKET FOR SMART KITCHEN, BY PRODUCT
                    TABLE 155 MARKET FOR SMART KITCHEN, BY PRODUCT, 2017–2020 (USD MILLION)
                    FIGURE 68 SMART OVENS SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
                    TABLE 156 MARKET FOR SMART KITCHEN, BY PRODUCT, 2021–2026 (USD MILLION)
                    TABLE 157 MARKET FOR SMART KITCHEN, BY PRODUCT, 2017–2020 (THOUSAND UNITS)
                    TABLE 158 MARKET FOR SMART KITCHEN, BY PRODUCT, 2021–2026 (THOUSAND UNITS)
                    TABLE 159 MARKET FOR SMART KITCHEN, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 160 MARKET FOR SMART KITCHEN, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 161 MARKET FOR SMART KITCHEN, BY REGION, 2017–2020 (THOUSAND UNITS)
                    TABLE 162 SMART HOME MARKET FOR SMART KITCHEN, BY REGION, 2021–2026 (THOUSAND UNITS)
                    7.8.2.1 Smart refrigerators
                               7.8.2.1.1 Smart refrigerators are able to keep track how often their doors have been opened and change in cooling efficiency
                                               TABLE 163 MARKET FOR SMART REFRIGERATORS, BY REGION, 2017–2020 (USD MILLION)
                                               TABLE 164 MARKET FOR SMART REFRIGERATORS, BY REGION, 2021–2026 (USD MILLION)
                                               TABLE 165 MARKET FOR SMART REFRIGERATORS, BY REGION, 2017–2020 (THOUSAND UNITS)
                                               TABLE 166 MARKET FOR SMART REFRIGERATORS, BY REGION, 2021–2026 (THOUSAND UNITS)
                    7.8.2.2 Smart coffee makers
                               7.8.2.2.1 Smart coffee makers are Wi-Fi- or Bluetooth-enabled devices that are fully automatic
                                               TABLE 167 MARKET FOR SMART COFFEE MAKERS, BY REGION, 2017–2020 (USD MILLION)
                                               TABLE 168 MARKET FOR SMART COFFEE MAKERS, BY REGION, 2021–2026 (USD MILLION)
                                               TABLE 169 MARKET FOR SMART COFFEE MAKERS, BY REGION, 2016–2019 (THOUSAND UNITS)
                                               TABLE 170 MARKET FOR SMART COFFEE MARKERS, BY REGION, 2021–2026 (THOUSAND UNITS)
                    7.8.2.3 Smart kettles
                               7.8.2.3.1 Smart kettles maintain temperature of water depending on user’s choice and help in saving time
                                               TABLE 171 MARKET FOR SMART KETTLES, BY REGION, 2017–2020 (USD MILLION)
                                               TABLE 172 MARKET FOR SMART KETTLES, BY REGION, 2021–2026 (USD MILLION)
                                               TABLE 173 MARKET FOR SMART KETTLES, BY REGION, 2017–2020 (THOUSAND UNITS)
                                               TABLE 174 MARKET FOR SMART KETTLES, BY REGION, 2021–2026 (THOUSAND UNITS)
                    7.8.2.4 Smart dishwashers
                               7.8.2.4.1 Innovative features in smart dishwashers reduce human intervention
                                               TABLE 175 MARKET FOR SMART DISHWASHERS, BY REGION, 2017–2020 (USD MILLION)
                                               TABLE 176 MARKET FOR SMART DISHWASHERS, BY REGION, 2021–2026 (USD MILLION)
                                               TABLE 177 MARKET FOR SMART DISHWASHERS, BY REGION, 2017–2020 (THOUSAND UNITS)
                                               TABLE 178 MARKET FOR SMART DISHWASHERS, BY REGION, 2021–2026 (THOUSAND UNITS)
                    7.8.2.5 Smart ovens
                               7.8.2.5.1 Smart Ovens help to reduce time required for cooking
                                               TABLE 179 MARKET FOR SMART OVENS, BY REGION, 2017–2020 (USD MILLION)
                                               TABLE 180 MARKET FOR SMART OVENS, BY REGION, 2021–2026 (USD MILLION)
                                               TABLE 181 MARKET FOR SMART OVENS, BY REGION, 2017–2020 (THOUSAND UNITS)
                                               TABLE 182 SMART HOME MARKET FOR SMART OVENS, BY REGION, 2021–2026 (THOUSAND UNITS)
                    7.8.2.6 Smart cooktops
                               7.8.2.6.1 Smart cooktops ensure accurate heat circulation
                                               TABLE 183 MARKET FOR SMART COOKTOPS, BY REGION, 2017–2020 (USD MILLION)
                                               TABLE 184 MARKET FOR SMART COOKTOPS, BY REGION, 2021–2026 (USD MILLION)
                                               TABLE 185 MARKET FOR SMART COOKTOPS, BY REGION, 2017–2020 (THOUSAND UNITS)
                                               TABLE 186 MARKET FOR SMART COOKTOPS, BY REGION, 2021–2026 (THOUSAND UNITS)
                    7.8.2.7 Smart cookers
                               7.8.2.7.1 Smart cookers are enabled with Wi-Fi and NFC and can be accessed and controlled through apps on smartphones or                                                TABLEts
                                               TABLE 187 MARKET FOR SMART COOKERS, BY REGION, 2017–2020 (USD MILLION)
                                               TABLE 188 MARKET FOR SMART COOKERS, BY REGION, 2021–2026 (USD MILLION)
                                               TABLE 189 MARKET FOR SMART COOKERS, BY REGION, 2017–2020 (THOUSAND UNITS)
                                               TABLE 190 MARKET FOR SMART COOKERS, BY REGION, 2021–2026 (THOUSAND UNITS)
    7.9 HOME APPLIANCES
           7.9.1 MARKET DYNAMICS
                    7.9.1.1 Drivers
                               7.9.1.1.1 Availability of wireless solutions
                               7.9.1.1.2 Rising energy prices leading to adoption of smart appliances
                               7.9.1.1.3 Increasing penetration of internet and smartphones worldwide
                    7.9.1.2 Restraints
                               7.9.1.2.1 Privacy concerns among end users
                                              FIGURE 69 DATA BREACH COMPLAINTS IN US, 2018–2020
                               7.9.1.2.2 Lack of awareness about smart appliances
                    7.9.1.3 Opportunities
                               7.9.1.3.1 Machine-to-machine (M2M) communication to provide new growth avenues
                               7.9.1.3.2 Rise in demand for smart appliances due to COVID-19
                    7.9.1.4 Integration of new technologies, such as AI, with smart appliances
           7.9.2 PRODUCTS COVERED UNDER HOME APPLIANCES
                    FIGURE 70 MARKET FOR HOME APPLIANCES PRODUCTS
                    TABLE 191 MARKET FOR HOME APPLIANCES, BY PRODUCT, 2017–2020 (USD MILLION)
                    FIGURE 71 SMART WASHERS SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
                    TABLE 192 MARKET FOR HOME APPLIANCES, BY PRODUCT, 2021–2026 (USD MILLION)
                    TABLE 193 MARKET FOR HOME APPLIANCES, BY PRODUCT, 2017–2020 (THOUSAND UNITS)
                    TABLE 194 MARKET FOR HOME APPLIANCES, BY PRODUCT, 2021–2026 (THOUSAND UNITS)
                    TABLE 195 MARKET FOR HOME APPLIANCES, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 196 MARKET FOR HOME APPLIANCES, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 197 MARKET FOR HOME APPLIANCES, BY REGION, 2017–2020 (THOUSAND UNITS)
                    TABLE 198 SMART HOME MARKET FOR HOME APPLIANCES, BY REGION, 2021–2026 (THOUSAND UNITS)
                    7.9.2.1 Smart washers
                               7.9.2.1.1 Innovative features in smart washers reduce human intervention
                                               TABLE 199 MARKET FOR SMART WASHERS, BY REGION, 2017–2020 (USD MILLION)
                                               TABLE 200 MARKET FOR SMART WASHERS, BY REGION, 2021–2026 (USD MILLION)
                                               TABLE 201 MARKET FOR SMART WASHERS, BY REGION, 2017–2020 (THOUSAND UNITS)
                                               TABLE 202 MARKET FOR SMART WASHERS, BY REGION, 2021–2026 (THOUSAND UNITS)
                    7.9.2.2 Smart dryers
                               7.9.2.2.1 Smart dryers help to increase energy efficiency and reduce human intervention
                                               TABLE 203 MARKET FOR SMART DRYERS, BY REGION, 2017–2020 (USD MILLION)
                                               TABLE 204 MARKET FOR SMART DRYERS, BY REGION, 2021–2026 (USD MILLION)
                                               TABLE 205 MARKET FOR SMART DRYERS, BY REGION, 2017–2020 (THOUSAND UNITS)
                                               TABLE 206 MARKET FOR SMART DRYERS, BY REGION, 2021–2026 (THOUSAND UNITS)
                    7.9.2.3 Smart water heaters
                               7.9.2.3.1 Smart water heaters can turn off automatically when hot water demands are low
                                               TABLE 207 MARKET FOR SMART WATER HEATERS, BY REGION, 2017–2020 (USD MILLION)
                                               TABLE 208 MARKET FOR SMART WATER HEATERS, BY REGION, 2021–2026 (USD MILLION)
                                               TABLE 209 MARKET FOR SMART WATER HEATERS, BY REGION, 2017–2020 (THOUSAND UNITS)
                                               TABLE 210 MARKET FOR SMART WATER HEATERS, BY REGION, 2021–2026 (THOUSAND UNITS)
                    7.9.2.4 Smart vacuum cleaners
                               7.9.2.4.1 Integration with robotic technology has fueled demand for smart vacuum cleaners
                                               TABLE 211 MARKET FOR SMART VACUUM CLEANERS, BY REGION, 2017–2020 (USD MILLION)
                                               TABLE 212 MARKET FOR SMART VACUUM CLEANERS, BY REGION, 2021–2026 (USD MILLION)
                                               TABLE 213 MARKET FOR SMART VACUUM CLEANERS, BY REGION, 2017–2020 (THOUSAND UNITS)
                                               TABLE 214 MARKET FOR SMART VACUUM CLEANERS, BY REGION, 2021–2026 (THOUSAND UNITS)
    7.10 SMART FURNITURE
           7.10.1 MARKET DYNAMICS
                    7.10.1.1 Drivers
                               7.10.1.1.1 Changing consumer lifestyle
                               7.10.1.1.2 Growing trend towards adoption of space-saving furniture
                    7.10.1.2 Restraints
                               7.10.1.2.1 Reluctance towards adopting new technology
                               7.10.1.2.2 High price of smart furniture
                    7.10.1.3 Opportunities
                               7.10.1.3.1 Incorporation of robotics into smart furniture
           7.10.2 PRODUCTS COVERED UNDER SMART FURNITURE
                     FIGURE 72 MARKET FOR SMART FURNITURE PRODUCTS
                     TABLE 215 MARKET FOR SMART FURNITURE, BY PRODUCT, 2017–2020 (USD MILLION)
                     FIGURE 73 SMART SOFAS SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
                     TABLE 216 MARKET FOR SMART FURNITURE, BY PRODUCT, 2021–2026 (USD MILLION)
                     TABLE 217 MARKET FOR SMART FURNITURE, BY REGION, 2017–2020 (USD MILLION)
                     TABLE 218 SMART HOME MARKET FOR SMART FURNITURE, BY REGION, 2021–2026 (USD MILLION)
                    7.10.2.1 Smart tables
                               7.10.2.1.1 Smart tables have integrated software that enables users easy access to various types of multimedia content on screen
                                               TABLE 219 MARKET FOR SMART TABLES, BY REGION, 2017–2020 (USD MILLION)
                                               TABLE 220 MARKET FOR SMART TABLES, BY REGION, 2021–2026 (USD MILLION)
                    7.10.2.2 Smart desks
                               7.10.2.2.1 Smart desks provide multiple health benefits to users
                                               TABLE 221 MARKET FOR SMART DESKS, BY REGION, 2017–2020 (USD MILLION)
                                               TABLE 222 MARKET FOR SMART DESKS, BY REGION, 2021–2026 (USD MILLION)
                    7.10.2.3 Smart stools and benches
                               7.10.2.3.1 Smart benches help in reducing energy costs
                                               TABLE 223 MARKET FOR SMART STOOLS & BENCHES, BY REGION, 2017–2020 (USD MILLION)
                                               TABLE 224 MARKET FOR SMART STOOLS & BENCHES, BY REGION, 2021–2026 (USD MILLION)
                    7.10.2.4 Smart sofas
                               7.10.2.4.1 Smart sofas are equipped with sensors to help adjust their shape and size as per user’s requirement
                                               TABLE 225 MARKET FOR SMART SOFAS, BY REGION, 2017–2020 (USD MILLION)
                                               TABLE 226 MARKET FOR SMART SOFAS, BY REGION, 2021–2026 (USD MILLION)
                    7.10.2.5 Smart chairs
                               7.10.2.5.1 Smart chairs help in promoting healthy sitting posture
                                               TABLE 227 MARKET FOR SMART CHAIRS, BY REGION, 2017–2020 (USD MILLION)
                                               TABLE 228 MARKET FOR SMART CHAIRS, BY REGION, 2021–2026 (USD MILLION)
    7.11 IMPACT OF COVID-19 ON SMART HOME PRODUCTS
           7.11.1 MOST IMPACTED PRODUCT TYPE
                     FIGURE 74 IMPACT OF COVID-19 ON MARKET FOR SMART FURNITURE
           7.11.2 LEAST IMPACTED PRODUCT TYPE
                     FIGURE 75 IMPACT OF COVID-19 ON MARKET FOR SMART SPEAKER

8 SMART HOME MARKET, BY SALES CHANNEL (Page No. - 285)
    8.1 INTRODUCTION
          FIGURE 76 MARKET SEGMENTATION, BY SALES CHANNEL
          TABLE 229 MARKET, BY SALES CHANNEL, 2017–2020 (USD BILLION)
          FIGURE 77 INDIRECT SALES CHANNEL IS EXPECTED TO HOLD LARGER MARKET SHARE DURING FORECAST PERIOD
          TABLE 230 MARKET, BY SALES CHANNEL, 2021–2026 (USD BILLION)
    8.2 DIRECT SALES CHANNEL
           8.2.1 PLAYERS WITH LIMITED SALES CHANNELS AND DISTRIBUTION NETWORKS OPT FOR DIRECT SALES OF SMART HOME PRODUCTS
                    TABLE 231 MARKET FOR DIRECT SALES, BY REGION, 2017–2020 (USD BILLION)
                    TABLE 232 MARKET FOR DIRECT SALES, BY REGION, 2021–2026 (USD BILLION)
    8.3 INDIRECT SALES CHANNEL
           8.3.1 INDIRECT SALES OF SMART HOME PRODUCTS AND SOLUTIONS HAS INCREASED POST COVID-19 OUTBREAK
                    TABLE 233 MARKET FOR INDIRECT SALES, BY REGION, 2017–2020 (USD BILLION)
                    TABLE 234 MARKET FOR INDIRECT SALES, BY REGION, 2021–2026 (USD BILLION)

9 GEOGRAPHIC ANALYSIS (Page No. - 291)
    9.1 INTRODUCTION
          FIGURE 78 CHINA TO WITNESS HIGHEST CAGR IN MARKET DURING FORECAST PERIOD
          TABLE 235 MARKET, BY REGION, 2017–2020 (USD BILLION)
          FIGURE 79 NORTH AMERICA TO HOLD LARGER MARKET SHARE IN MARKET DURING FORECAST PERIOD
          TABLE 236 MARKET, BY REGION, 2021–2026 (USD BILLION)
    9.2 NORTH AMERICA
           9.2.1 REGULATORY FRAMEWORKS
                    9.2.1.1 Associations
                    9.2.1.2 Regulations and acts
                                FIGURE 80 NORTH AMERICA: MARKET SNAPSHOT
                                TABLE 237 MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD BILLION)
                                TABLE 238 MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD BILLION)
                                TABLE 239 MARKET IN NORTH AMERICA FOR LIGHTING CONTROL, BY PRODUCT, 2017–2020 (USD MILLION)
                                TABLE 240 MARKET IN NORTH AMERICA FOR LIGHTING CONTROL, BY PRODUCT, 2021–2026 (USD MILLION)
                                TABLE 241 MARKET IN NORTH AMERICA FOR LIGHTING CONTROL, BY PRODUCT, 2017–2020 (THOUSAND UNITS)
                                TABLE 242 MARKET IN NORTH AMERICA FOR LIGHTING CONTROL, BY PRODUCT, 2021–2026 (THOUSAND UNITS)
                                TABLE 243 MARKET IN NORTH AMERICA FOR SECURITY & ACCESS CONTROL, BY PRODUCT, 2017–2020 (USD MILLION)
                                TABLE 244 MARKET IN NORTH AMERICA FOR SECURITY & ACCESS CONTROL, BY PRODUCT, 2021–2026 (USD MILLION)
                                TABLE 245 MARKET IN NORTH AMERICA FOR HVAC CONTROL, BY PRODUCT, 2017–2020 (USD MILLION)
                                TABLE 246 MARKET IN NORTH AMERICA FOR HVAC CONTROL, BY PRODUCT, 2021–2026 (USD MILLION)
                                TABLE 247 MARKET IN NORTH AMERICA FOR ENTERTAINMENT & OTHER CONTROLS, BY PRODUCT, 2017–2020 (USD MILLION)
                                TABLE 248 MARKET IN NORTH AMERICA FOR ENTERTAINMENT & OTHER CONTROLS, BY PRODUCT, 2021–2026 (USD MILLION)
                                TABLE 249 MARKET IN NORTH AMERICA FOR ENTERTAINMENT CONTROL, BY PRODUCT, 2017–2020 (USD MILLION)
                                TABLE 250 MARKET IN NORTH AMERICA FOR ENTERTAINMENT CONTROL, BY PRODUCT, 2021–2026 (USD MILLION)
                                TABLE 251 MARKET IN NORTH AMERICA FOR OTHER CONTROLS, BY PRODUCT, 2017–2020 (USD MILLION)
                                TABLE 252 SMART HOME MARKET IN NORTH AMERICA FOR OTHER CONTROLS, BY PRODUCT, 2021–2026 (USD MILLION)
                                TABLE 253 MARKET IN NORTH AMERICA FOR HOME HEALTHCARE, BY PRODUCT, 2017–2020 (USD MILLION)
                                TABLE 254 MARKET IN NORTH AMERICA FOR HOME HEALTHCARE, BY PRODUCT, 2021–2026 (USD MILLION)
                                TABLE 255 MARKET IN NORTH AMERICA FOR HOME HEALTHCARE, BY PRODUCT, 2017–2020 (THOUSAND UNITS)
                                TABLE 256 MARKET IN NORTH AMERICA FOR HOME HEALTHCARE, BY PRODUCT, 2021–2026 (THOUSAND UNITS)
                                TABLE 257 MARKET IN NORTH AMERICA FOR SMART KITCHEN, BY PRODUCT, 2017–2020 (USD MILLION)
                                TABLE 258 MARKET IN NORTH AMERICA FOR SMART KITCHEN, BY PRODUCT, 2021–2026 (USD MILLION)
                                TABLE 259 MARKET IN NORTH AMERICA FOR SMART KITCHEN, BY PRODUCT, 2017–2020 (THOUSAND UNITS)
                                TABLE 260 MARKET IN NORTH AMERICA FOR SMART KITCHEN, BY PRODUCT, 2021–2026 (THOUSAND UNITS)
                                TABLE 261 MARKET IN NORTH AMERICA FOR HOME APPLIANCES, BY PRODUCT, 2017–2020 (USD MILLION)
                                TABLE 262 MARKET IN NORTH AMERICA FOR HOME APPLIANCES, BY PRODUCT, 2021–2026 (USD MILLION)
                                TABLE 263 MARKET IN NORTH AMERICA FOR HOME APPLIANCES, BY PRODUCT, 2017–2020 (THOUSAND UNITS)
                                TABLE 264 MARKET IN NORTH AMERICA FOR HOME APPLIANCES, BY PRODUCT, 2021–2026 (THOUSAND UNITS)
                                TABLE 265 MARKET IN NORTH AMERICA FOR SMART FURNITURE, BY PRODUCT, 2017–2020 (USD MILLION)
                                TABLE 266 MARKET IN NORTH AMERICA FOR SMART FURNITURE, BY PRODUCT, 2021–2026 (USD MILLION)
           9.2.2 US
                    9.2.2.1 US accounted for largest market size in market in 2020
           9.2.3 CANADA
                    9.2.3.1 Canada to exhibit highest growth in terms of market in North America
           9.2.4 MEXICO
                    9.2.4.1 Mexico offers lucrative growth opportunities for market owing to increased adoption of access controls, lighting control, and HVAC controls
           9.2.5 RANKING OF SMART CONTROL ECOSYSTEMS IN NORTH AMERICA
                    TABLE 267 RANKING IN NORTH AMERICA
                    TABLE 268 FEW IMPACTFUL SMART CONTROLS/HUBS/PLATFORMS IN NORTH AMERICA
    9.3 EUROPE
           9.3.1 REGULATORY FRAMEWORKS
                    FIGURE 81 EUROPE: SMART HOME MARKET SNAPSHOT
                    TABLE 269 MARKET IN EUROPE, BY COUNTRY, 2017–2020 (USD BILLION)
                    TABLE 270 MARKET IN EUROPE, BY COUNTRY, 2021–2026 (USD BILLION)
                    TABLE 271 MARKET IN EUROPE FOR LIGHTING CONTROL, BY PRODUCT, 2017–2020 (USD MILLION)
                    TABLE 272 MARKET IN EUROPE FOR LIGHTING CONTROL, BY PRODUCT, 2021–2026 (USD MILLION)
                    TABLE 273 MARKET IN EUROPE FOR LIGHTING CONTROL, BY PRODUCT, 2017–2020 (THOUSAND UNITS)
                    TABLE 274 MARKET IN EUROPE FOR LIGHTING CONTROL, BY PRODUCT, 2021–2026 (THOUSAND UNITS)
                    TABLE 275 MARKET IN EUROPE FOR SECURITY & ACCESS CONTROL, BY PRODUCT, 2017–2020 (USD MILLION)
                    TABLE 276 MARKET IN EUROPE FOR SECURITY & ACCESS CONTROL, BY PRODUCT, 2021–2026 (USD MILLION)
                    TABLE 277 MARKET IN EUROPE FOR HVAC CONTROL, BY PRODUCT, 2017–2020 (USD MILLION)
                    TABLE 278 MARKET IN EUROPE FOR HVAC CONTROL, BY PRODUCT, 2021–2026 (USD MILLION)
                    TABLE 279 MARKET IN EUROPE FOR ENTERTAINMENT & OTHER CONTROLS, BY PRODUCT, 2017–2020 (USD MILLION)
                    TABLE 280 MARKET IN EUROPE FOR ENTERTAINMENT & OTHER CONTROLS, BY PRODUCT, 2021–2026 (USD MILLION)
                    TABLE 281 MARKET IN EUROPE FOR ENTERTAINMENT CONTROL, BY PRODUCT, 2017–2020 (USD MILLION)
                    TABLE 282 MARKET IN EUROPE FOR ENTERTAINMENT CONTROL, BY PRODUCT, 2021–2026 (USD MILLION)
                    TABLE 283 MARKET IN EUROPE FOR OTHER CONTROLS, BY PRODUCT, 2017–2020 (USD MILLION)
                    TABLE 284 MARKET IN EUROPE FOR OTHER CONTROLS, BY PRODUCT, 2021–2026 (USD MILLION)
                    TABLE 285 MARKET IN EUROPE FOR HOME HEALTHCARE, BY PRODUCT, 2017–2020 (USD MILLION)
                    TABLE 286 MARKET IN EUROPE FOR HOME HEALTHCARE, BY PRODUCT, 2021–2026 (USD MILLION)
                    TABLE 287 MARKET IN EUROPE FOR HOME HEALTHCARE, BY PRODUCT, 2017–2020 (THOUSAND UNITS)
                    TABLE 288 MARKET IN EUROPE FOR HOME HEALTHCARE, BY PRODUCT, 2021–2026 (THOUSAND UNITS)
                    TABLE 289 MARKET IN EUROPE FOR SMART KITCHEN, BY PRODUCT, 2017–2020 (USD MILLION)
                    TABLE 290 MARKET IN EUROPE FOR SMART KITCHEN, BY PRODUCT, 2021–2026 (USD MILLION)
                    TABLE 291 MARKET IN EUROPE FOR SMART KITCHEN, BY PRODUCT, 2017–2020 (THOUSAND UNITS)
                    TABLE 292 MARKET IN EUROPE FOR SMART KITCHEN, BY PRODUCT, 2021–2026 (THOUSAND UNITS)
                    TABLE 293 MARKET IN EUROPE FOR HOME APPLIANCES, BY PRODUCT, 2017–2020 (USD MILLION)
                    TABLE 294 MARKET IN EUROPE FOR HOME APPLIANCES, BY PRODUCT, 2021–2026 (USD MILLION)
                    TABLE 295 MARKET IN EUROPE FOR HOME APPLIANCES, BY PRODUCT, 2017–2020 (THOUSAND UNITS)
                    TABLE 296 MARKET IN EUROPE FOR HOME APPLIANCES, BY PRODUCT, 2021–2026 (THOUSAND UNITS)
                    TABLE 297 MARKET IN EUROPE FOR SMART FURNITURE, BY PRODUCT, 2017–2020 (USD MILLION)
                    TABLE 298 SMART HOME MARKET IN EUROPE FOR SMART FURNITURE, BY PRODUCT, 2021–2026 (USD MILLION)
           9.3.2 UK
                    9.3.2.1 UK to hold larger market share in market in Europe
           9.3.3 GERMANY
                    9.3.3.1 Germany to foster growth of market with increased adoption of HVAC Control and Lighting Control systems in residential sector
           9.3.4 FRANCE
                    9.3.4.1 France to contribute to growth of market with rising demand for security and access control, HVAC control, and lighting control
           9.3.5 ITALY
                    9.3.5.1 Italy will contribute to growth of market primarily through sales of lighting control systems
           9.3.6 REST OF EUROPE
           9.3.7 RANKING OF SMART CONTROL ECOSYSTEMS FOR EUROPE
                    TABLE 299 RANKING IN EUROPE
                    TABLE 300 FEW IMPACTFUL SMART CONTROLS/HUBS/PLATFORMS IN EUROPE
    9.4 APAC
           9.4.1 REGULATORY FRAMEWORKS
                    FIGURE 82 APAC: MARKET SNAPSHOT
                    TABLE 301 MARKET IN APAC, BY COUNTRY, 2017–2020 (USD BILLION)
                    TABLE 302 MARKET IN APAC, BY COUNTRY, 2021–2026 (USD BILLION)
                    TABLE 303 MARKET IN APAC FOR LIGHTING CONTROL, BY PRODUCT, 2017–2020 (USD MILLION)
                    TABLE 304 MARKET IN APAC FOR LIGHTING CONTROL, BY PRODUCT, 2021–2026 (USD MILLION)
                    TABLE 305 MARKET IN APAC FOR LIGHTING CONTROL, BY PRODUCT, 2017–2020 (THOUSAND UNITS)
                    TABLE 306 MARKET IN APAC FOR LIGHTING CONTROL, BY PRODUCT, 2021–2026 (THOUSAND UNITS)
                    TABLE 307 MARKET IN APAC FOR SECURITY & ACCESS CONTROL, BY PRODUCT, 2017–2020 (USD MILLION)
                    TABLE 308 MARKET IN APAC FOR SECURITY & ACCESS CONTROL, BY PRODUCT, 2021–2026 (USD MILLION)
                    TABLE 309 MARKET IN APAC FOR HVAC CONTROL, BY PRODUCT, 2017–2020 (USD MILLION)
                    TABLE 310 MARKET IN APAC FOR HVAC CONTROL, BY PRODUCT, 2021–2026 (USD MILLION)
                    TABLE 311 MARKET IN APAC FOR ENTERTAINMENT & OTHER CONTROLS, BY PRODUCT, 2017–2020 (USD MILLION)
                    TABLE 312 MARKET IN APAC FOR ENTERTAINMENT & OTHER CONTROLS, BY PRODUCT, 2021–2026 (USD MILLION)
                    TABLE 313 MARKET IN APAC FOR ENTERTAINMENT CONTROL, BY PRODUCT, 2017–2020 (USD MILLION)
                    TABLE 314 MARKET IN APAC FOR ENTERTAINMENT CONTROL, BY PRODUCT, 2021–2026 (USD MILLION)
                    TABLE 315 MARKET IN APAC FOR OTHER CONTROLS, BY PRODUCT, 2017–2020 (USD MILLION)
                    TABLE 316 MARKET IN APAC FOR OTHER CONTROLS, BY PRODUCT, 2021–2026 (USD MILLION)
                    TABLE 317 MARKET IN APAC FOR HOME HEALTHCARE, BY PRODUCT, 2017–2020 (USD MILLION)
                    TABLE 318 MARKET IN APAC FOR HOME HEALTHCARE, BY PRODUCT, 2021–2026 (USD MILLION)
                    TABLE 319 MARKET IN APAC FOR HOME HEALTHCARE, BY PRODUCT, 2017–2020 (THOUSAND UNITS)
                    TABLE 320 MARKET IN APAC FOR HOME HEALTHCARE, BY PRODUCT, 2021–2026 (THOUSAND UNITS)
                    TABLE 321 MARKET IN APAC FOR SMART KITCHEN, BY PRODUCT, 2017–2020 (USD MILLION)
                    TABLE 322 MARKET IN APAC FOR SMART KITCHEN, BY PRODUCT, 2021–2026 (USD MILLION)
                    TABLE 323 MARKET IN APAC FOR SMART KITCHEN, BY PRODUCT, 2017–2020 (THOUSAND UNITS)
                    TABLE 324 MARKET IN APAC FOR SMART KITCHEN, BY PRODUCT, 2021–2026 (THOUSAND UNITS)
                    TABLE 325 MARKET IN APAC FOR HOME APPLIANCES, BY PRODUCT, 2017–2020 (USD MILLION)
                    TABLE 326 MARKET IN APAC FOR HOME APPLIANCES, BY PRODUCT, 2021–2026 (USD MILLION)
                    TABLE 327 MARKET IN APAC FOR HOME APPLIANCES, BY PRODUCT, 2017–2020 (THOUSAND UNITS)
                    TABLE 328 MARKET IN APAC FOR HOME APPLIANCES, BY PRODUCT, 2021–2026 (THOUSAND UNITS)
                    TABLE 329 MARKET IN APAC FOR SMART FURNITURE, BY PRODUCT, 2017–2020 (USD MILLION)
                    TABLE 330 MARKET IN APAC FOR SMART FURNITURE, BY PRODUCT, 2021–2026 (USD MILLION)
           9.4.2 JAPAN
                    9.4.2.1 Japan to hold significant market share during forecast period
           9.4.3 SOUTH KOREA
                    9.4.3.1 South Korea to support growth of market through advanced video surveillance for advanced security systems
           9.4.4 CHINA
                    9.4.4.1 China expected to witness highest growth in market during forecast period
           9.4.5 AUSTRALIA
                    9.4.5.1 Australia to offer remunerative growth opportunities for smart home segments such as entertainment controls and security and access control
           9.4.6 REST OF APAC
           9.4.7 RANKING OF SMART CONTROL ECOSYSTEMS FOR SMART HOMES
                    TABLE 331 RANKING IN APAC
                    TABLE 332 FEW IMPACTFUL SMART CONTROLS/HUBS/PLATFORMS IN APAC
    9.5 REST OF THE WORLD
           9.5.1 REGULATORY FRAMEWORKS
                    FIGURE 83 ROW: MARKET SNAPSHOT
                    TABLE 333 SMART HOME MARKET IN ROW, BY REGION, 2017–2020 (USD MILLION)
                    FIGURE 84 SOUTH AMERICA TO HOLD LARGEST SHARE OF THE MARKET IN ROW DURING THE FORECAST PERIOD
                    TABLE 334 MARKET IN ROW, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 335 MARKET IN ROW FOR LIGHTING CONTROL, BY PRODUCT, 2017–2020 (USD MILLION)
                    TABLE 336 MARKET IN ROW FOR LIGHTING CONTROL, BY PRODUCT, 2021–2026 (USD MILLION)
                    TABLE 337 MARKET IN ROW FOR LIGHTING CONTROL, BY PRODUCT, 2017–2020 (THOUSAND UNITS)
                    TABLE 338 MARKET IN ROW FOR LIGHTING CONTROL, BY PRODUCT, 2021–2026(THOUSAND UNITS)
                    TABLE 339 MARKET IN ROW FOR SECURITY & ACCESS CONTROL, BY PRODUCT, 2017–2020 (USD MILLION)
                    TABLE 340 MARKET IN ROW FOR SECURITY & ACCESS CONTROL, BY PRODUCT, 2021–2026 (USD MILLION)
                    TABLE 341 MARKET IN ROW FOR HVAC CONTROL, BY PRODUCT, 2017–2020 (USD MILLION)
                    TABLE 342 MARKET IN ROW FOR HVAC CONTROL, BY PRODUCT, 2021–2026 (USD MILLION)
                    TABLE 343 MARKET IN ROW FOR ENTERTAINMENT & OTHER CONTROLS, BY PRODUCT, 2017–2020 (USD MILLION)
                    TABLE 344 MARKET IN ROW FOR ENTERTAINMENT & OTHER CONTROLS, BY PRODUCT, 2021–2026 (USD MILLION)
                    TABLE 345 MARKET IN ROW FOR ENTERTAINMENT CONTROL, BY PRODUCT, 2017–2020 (USD MILLION)
                    TABLE 346 MARKET IN ROW FOR ENTERTAINMENT CONTROL, BY PRODUCT, 2021–2026 (USD MILLION)
                    TABLE 347 MARKET IN ROW FOR OTHER CONTROLS, BY PRODUCT, 2017–2020 (USD MILLION)
                    TABLE 348 MARKET IN ROW FOR OTHER CONTROLS, BY PRODUCT, 2021–2026 (USD MILLION)
                    TABLE 349 MARKET IN ROW FOR HOME HEALTHCARE, BY PRODUCT, 2017–2020 (USD MILLION)
                    TABLE 350 MARKET IN ROW FOR HOME HEALTHCARE, BY PRODUCT, 2021–2026 (USD MILLION)
                    TABLE 351 MARKET IN ROW FOR HOME HEALTHCARE, BY PRODUCT, 2017–2020 (THOUSAND UNITS)
                    TABLE 352 MARKET IN ROW FOR HOME HEALTHCARE, BY PRODUCT, 2021–2026 (THOUSAND UNITS)
                    TABLE 353 MARKET IN ROW FOR SMART KITCHEN, BY PRODUCT, 2017–2020 (USD MILLION)
                    TABLE 354 MARKET IN ROW FOR SMART KITCHEN, BY PRODUCT, 2021–2026 (USD MILLION)
                    TABLE 355 MARKET IN ROW FOR SMART KITCHEN, BY PRODUCT, 2017–2020 (THOUSAND UNITS)
                    TABLE 356 MARKET IN ROW FOR SMART KITCHEN, BY PRODUCT, 2021–2026 (THOUSAND UNITS)
                    TABLE 357 MARKET IN ROW FOR HOME APPLIANCES, BY PRODUCT, 2017–2020 (USD MILLION)
                    TABLE 358 MARKET IN ROW FOR HOME APPLIANCES, BY PRODUCT, 2021–2026 (USD MILLION)
                    TABLE 359 MARKET IN ROW FOR HOME APPLIANCES, BY PRODUCT, 2017–2020 (THOUSAND UNITS)
                    TABLE 360 MARKET IN ROW FOR HOME APPLIANCES, BY PRODUCT, 2021–2026 (THOUSAND UNITS)
                    TABLE 361 MARKET IN ROW FOR SMART FURNITURE, BY PRODUCT, 2017–2020 (USD MILLION)
                    TABLE 362 SMART HOME MARKET IN ROW FOR SMART FURNITURE, BY PRODUCT, 2021–2026 (USD MILLION)
           9.5.2 SOUTH AMERICA
                    9.5.2.1 South America to hold largest share of market in RoW by 2026 owing to high persistent crime rate
           9.5.3 MIDDLE EAST
                    9.5.3.1 Middle East to witness highest growth for market in RoW during forecast period
           9.5.4 AFRICA
                    9.5.4.1 Africa to develop their market due to growing security concerns coupled with rising awareness on energy conservation
           9.5.5 RANKING OF SMART CONTROL ECOSYSTEMS FOR ROW
                    TABLE 363 RANKING IN MIDDLE EAST
    9.6 COVID-19 IMPACT ON MARKET IN VARIOUS REGIONS
           9.6.1 MOST IMPACTED REGION
                    FIGURE 85 IMPACT OF COVID-19 ON MARKET IN APAC
           9.6.2 LEAST IMPACTED REGION
                    FIGURE 86 IMPACT OF COVID-19 ON MARKET IN NORTH AMERICA

10 PROTOCOLS AND TECHNOLOGIES USED IN SMART HOMES (Page No. - 358)
     10.1 INTRODUCTION
             FIGURE 87 SMART HOME PROTOCOLS AND TECHNOLOGIES
     10.2 CELLULAR NETWORK TECHNOLOGIES
             10.2.1 CDMA NETWORK
                        10.2.1.1 CDMA helps control smart home appliances and systems using channel access method
             10.2.2 GSM/HSPA NETWORK
                        10.2.2.1 GSM modems control home appliances via Short Message Service (SMS) text messages
                                    FIGURE 88 GSM/HSPA NETWORK SETUP
             10.2.3 LTE NETWORK
                        10.2.3.1 LTE enables real-time transfer of data across the network to remotely control smart home applications
     10.3 PROTOCOLS AND STANDARDS
             10.3.1 DALI
                        10.3.1.1 DALI is a full-duplex system that brings digital technology into lighting sector
                                    FIGURE 89 WIRING FOR DALI FLUORESCENT DIMMING
             10.3.2 NEMA
                        10.3.2.1 NEMA standardizes necessary control devices needed to build complete lighting systems
             10.3.3 KNX
                        10.3.3.1 KNX is an open standard supporting five communication media, making it versatile to use
             10.3.4 DMX
                        10.3.4.1 DMX standard is used in communication networks that control lights and effects
             10.3.5 LONWORKS
                        10.3.5.1 LonWorks helps in building automation applications designed on low bandwidth for networking devices
                                    FIGURE 90 LONWORKS NETWORK SETUP
             10.3.6 ETHERNET
                        10.3.6.1 Ethernet-based systems are used in home entertainment systems or whole-house automation solutions
             10.3.7 MODBUS
                        10.3.7.1 MODBUS communication protocol transmits information between electronic devices over serial lines or via Ethernet
             10.3.8 BACNET
                        10.3.8.1 BACnet protocol is commonly used in building automation applications such as HVAC control, fire detection and alarm, lighting control, security, smart elevators, and utility company interface
             10.3.9 BLACK BOX
                        10.3.9.1 Black Box helps in home automation and integration of home devices into a single console
             10.3.10 PLC
                        10.3.10.1 PLC technology uses electric power for data transmission
     10.4 WIRELESS COMMUNICATION TECHNOLOGIES
             FIGURE 91 WIRELESS COMMUNICATION TECHNOLOGIES
             10.4.1 ZIGBEE
                        10.4.1.1 ZigBee wireless standard is used in smart homes to carry small amounts of data over mid-range
             10.4.2 Z-WAVE
                        10.4.2.1 Z-Wave technology is used in wireless residential control products and services
             10.4.3 WI-FI
                        10.4.3.1 Wi-Fi is ideal for medium and small home automation systems for data transmission across short distances
             10.4.4 BLUETOOTH
                        10.4.4.1 Bluetooth technology ensures interoperability, minimal interference, and energy efficiency in areas like automation, control, security, and energy management
             10.4.5 ENOCEAN
                        10.4.5.1 EnOcean is designed for smart home solutions dependent on energy-producing technologies
             10.4.6 THREAD
                        10.4.6.1 Thread protocol is a common standard used in smart home applications to connect them over Internet and with Cloud
             10.4.7 INFRARED
                        10.4.7.1 Infrared wireless protocol is used for short and medium-range communications and control in smart home applications

11 COMPETITIVE LANDSCAPE (Page No. - 371)
     11.1 OVERVIEW
     11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
             TABLE 364 OVERVIEW OF STRATEGIES DEPLOYED BY SMART HOME COMPANIES
             11.2.1 PRODUCT PORTFOLIO
             11.2.2 REGIONAL FOCUS
             11.2.3 MANUFACTURING FOOTPRINT
             11.2.4 ORGANIC/INORGANIC PLAY
     11.3 REVENUE ANALYSIS
             FIGURE 92 FIVE-YEAR REVENUE ANALYSIS OF TOP FIVE PLAYERS IN MARKET FOR HOME AUTOMATION SYSTEMS
     11.4 MARKET SHARE ANALYSIS
             TABLE 365 DEGREE OF COMPETITION, MARKET FOR HOME AUTOMATION SYSTEMS, 2020
     11.5 COMPANY EVALUATION QUADRANT
             11.5.1 STAR
             11.5.2 EMERGING LEADER
             11.5.3 PERVASIVE
             11.5.4 PARTICIPANT
                       FIGURE 93 MARKET (GLOBAL), COMPANY EVALUATION QUADRANT, 2020
     11.6 START-UP/SME EVALUATION MATRIX
             TABLE 366 START-UPS/SMES IN MARKET
             11.6.1 PROGRESSIVE COMPANY
             11.6.2 RESPONSIVE COMPANY
             11.6.3 DYNAMIC COMPANY
             11.6.4 STARTING BLOCK
                       FIGURE 94 MARKET, STARTUP/SME EVALUATION MATRIX, 2020
                       TABLE 367 START-UP V/S PRODUCT MAPPING
     11.7 COMPANY PRODUCT FOOTPRINT
             TABLE 368 COMPANY FOOTPRINT
             TABLE 369 COMPANY PRODUCT FOOTPRINT
             TABLE 370 COMPANY SALES FOOTPRINT
             TABLE 371 COMPANY REGION FOOTPRINT
     11.8 COMPETITIVE SITUATIONS AND TRENDS
             11.8.1 PRODUCT LAUNCHES
                        TABLE 372 PRODUCT LAUNCHES, SEPTEMBER 2020–DECEMBER 2020
             11.8.2 DEALS
                        TABLE 373 DEALS, AUGUST 2020–DECEMBER 2020
             11.8.3 OTHERS
                        TABLE 374 EXPANSION, OCTOBER 2019–OCTOBER 2020

12 COMPANY PROFILES (Page No. - 391)
     12.1 KEY PLAYERS
(Business Overview, Products Offered, Recent Developments, and MnM View)*
             12.1.1 HONEYWELL
                        TABLE 375 HONEYWELL: BUSINESS OVERVIEW
                        FIGURE 95 HONEYWELL: COMPANY SNAPSHOT
             12.1.2 SIEMENS
                        TABLE 376 SIEMENS: BUSINESS OVERVIEW
                        FIGURE 96 SIEMENS: COMPANY SNAPSHOT
             12.1.3 JOHNSON CONTROLS
                        TABLE 377 JOHNSON CONTROLS: BUSINESS OVERVIEW
                        FIGURE 97 JOHNSON CONTROLS: COMPANY SNAPSHOT
             12.1.4 SCHNEIDER ELECTRIC
                        TABLE 378 SCHNEIDER ELECTRIC: BUSINESS OVERVIEW
                        FIGURE 98 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
             12.1.5 ASSA ABLOY
                        TABLE 379 ASSA ABLOY: BUSINESS OVERVIEW
                        FIGURE 99 ASSA ABLOY: COMPANY SNAPSHOT
             12.1.6 AMAZON
                        TABLE 380 AMAZON: BUSINESS OVERVIEW
                        FIGURE 100 AMAZON: COMPANY SNAPSHOT
             12.1.7 APPLE
                        TABLE 381 APPLE: BUSINESS OVERVIEW
                        FIGURE 101 APPLE: COMPANY SNAPSHOT
             12.1.8 ADT
                        TABLE 382 ADT: BUSINESS OVERVIEW
                        FIGURE 102 ADT: COMPANY SNAPSHOT
             12.1.9 ROBERT BOSCH
                        TABLE 383 ROBERT BOSCH: BUSINESS OVERVIEW
                        FIGURE 103 ROBERT BOSCH: COMPANY SNAPSHOT
             12.1.10 ABB
                        TABLE 384 ABB: BUSINESS OVERVIEW
                        FIGURE 104 ABB: COMPANY SNAPSHOT
* Business Overview, Products Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.
     12.2 OTHER KEY COMPANIES
             12.2.1 SAMSUNG ELECTRONICS
             12.2.2 SONY
             12.2.3 OOMA
             12.2.4 DELTA CONTROLS
             12.2.5 CONTROL4
             12.2.6 AXIS COMMUNICATIONS
             12.2.7 COMCAST
             12.2.8 SMARTHOME
             12.2.9 CRESTRON ELECTRONICS
             12.2.10 SIMPLISAFE
             12.2.11 ARMORAX
             12.2.12 CANARY
             12.2.13 LG ELECTRONICS
             12.2.14 LUTRON
             12.2.15 LEGRAND

13 ADJACENT AND RELATED MARKET (Page No. - 470)
     13.1 INTRODUCTION
     13.2 LIMITATIONS
     13.3 CLEANING ROBOT MARKET
             13.3.1 MARKET DEFINITION
             13.3.2 MARKET OVERVIEW
             13.3.3 CLEANING ROBOT MARKET, BY PRODUCT
                        FIGURE 105 FLOOR-CLEANING ROBOT TO HOLD LARGEST SIZE OF CLEANING ROBOT MARKET BETWEEN 2021 AND 2026
                        TABLE 385 CLEANING ROBOT MARKET, BY PRODUCT, 2017–2020 (USD MILLION)
                        TABLE 386 CLEANING ROBOT MARKET, BY PRODUCT, 2021–2026 (USD MILLION)
             13.3.4 CLEANING ROBOT MARKET, BY APPLICATION
                        FIGURE 106 CLEANING ROBOT MARKET FOR HEALTHCARE APPLICATION TO GROW AT HIGHEST CAGR BETWEEN 2021 AND 2026
                        TABLE 387 CLEANING ROBOT MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                        TABLE 388 CLEANING ROBOT MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
             13.3.5 CLEANING ROBOT MARKET, BY REGION
                        FIGURE 107 CLEANING ROBOT MARKET IN APAC TO GROW AT HIGHEST CAGR BETWEEN 2021 AND 2026
                        TABLE 389 CLEANING ROBOT MARKET, BY REGION, 2017–2020 (USD MILLION)
                        TABLE 390 CLEANING ROBOT MARKET, BY REGION, 2021–2026 (USD MILLION)
     13.4 BUILDING AUTOMATION SYSTEM MARKET
             13.4.1 MARKET DEFINITION
             13.4.2 MARKET OVERVIEW
             13.4.3 BUILDING AUTOMATION SYSTEM MARKET, BY OFFERING
                        FIGURE 108 SECURITY AND ACCESS CONTROLS SEGMENT TO HOLD LARGEST SIZE OF BUILDING AUTOMATION SYSTEM MARKET FROM 2021 TO 2026
                        TABLE 391 BUILDING AUTOMATION SYSTEM MARKET, BY OFFERING, 2015–2020 (USD BILLION)
                        TABLE 392 BUILDING AUTOMATION SYSTEM MARKET, BY OFFERING, 2021–2026 (USD BILLION)
             13.4.4 BUILDING AUTOMATION SYSTEM MARKET, BY APPLICATION
                        FIGURE 109 COMMERCIAL APPLICATION SEGMENT TO HOLD LARGEST SIZE OF BUILDING AUTOMATION SYSTEM MARKET FROM 2021 TO 2026
                        TABLE 393 BUILDING AUTOMATION SYSTEM MARKET, BY APPLICATION, 2015–2020 (USD BILLION)
                        TABLE 394 BUILDING AUTOMATION SYSTEM MARKET, BY APPLICATION, 2021–2026 (USD BILLION)
             13.4.5 BUILDING AUTOMATION SYSTEM MARKET, BY REGION
                        FIGURE 110 BUILDING AUTOMATION SYSTEM MARKET IN APAC TO GROW AT HIGHEST CAGR FROM 2021 TO 2026
                        TABLE 395 BUILDING AUTOMATION SYSTEM MARKET, BY REGION, 2015–2020 (USD BILLION)
                        TABLE 396 BUILDING AUTOMATION SYSTEM MARKET, BY REGION, 2021–2026 (USD BILLION)

14 APPENDIX (Page No. - 481)
     14.1 DISCUSSION GUIDE
     14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     14.3 AVAILABLE CUSTOMIZATIONS
     14.4 RELATED REPORTS
     14.5 AUTHOR DETAILS

The study involved four major activities in estimating the size for 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 chains through primary research. The bottom-up approach was employed to estimate the overall market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

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

After the complete market engineering (which includes market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research has been conducted to gather information as well as to verify and validate the critical numbers arrived at.

Primary research has also been carried out to identify and validate the key players in the market, the competitive landscape of smart home-related hardware and software solutions offered by different market players, and the factors affecting the market dynamics such as drivers, restraints, opportunities, challenges, industry trends, and key player strategies operating in the smart home market. Extensive qualitative and quantitative analyses were performed on the complete market engineering process to list key information and insights throughout the report.

In the secondary research process, various secondary sources have been referred to for identifying and collecting information important for this study. The secondary sources include annual reports, press releases and investor presentations of companies, white papers, technology journals, and certified publications, articles from recognized authors, directories, and databases.

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 housing unit owners) and supply (product manufacturers and distributors) sides across 4 major regions North America, Europe, Asia Pacific, and the Rest of the World. Approximately 20% and 80% of primary interviews have been conducted with parties from the demand side and supply side, respectively. Primary data has been collected through questionnaires, emails, and telephonic interviews.

Smart Home Market Size, and Share

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

Market Size Estimation

In the complete engineering process, both top-down and bottom-up approaches, along with several data triangulation methods, have been used to estimate and validate the size of the smart home market and other dependent submarkets. Key players in the market have been determined through primary and secondary research. This entire research methodology involves studying the annual and financial reports of the top market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) about the smart home market.

All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All the possible parameters that affect the market segments covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. This data has been consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in the report.

Smart Home Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the total market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments, data triangulation and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.

Report Objectives

  • To define, describe, and forecast the smart home market size, by software & service, product, sales channel, and geography, in terms of value
    • To forecast the smart home market size for lighting control products, video surveillance cameras, biometric readers, smart thermostats, smart speakers, home healthcare products, smart kitchen appliances, and home appliances, in terms of volume
  • To define and describe the technologies and protocols used in smart homes
  • To forecast the market size, 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)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 supply chain and identify opportunities for the supply chain participants
  • To provide key technology trends and patent analysis related to the smart home market
  • To provide information regarding trade data related to 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 benchmark the market players using the proprietary, company evaluation matrix framework, which analyzes the market players on various parameters within the broad categories of market ranking/share and product portfolio
  • To analyze competitive developments such as product launches, alliances and partnerships, joint ventures, and mergers and acquisitions in the smart home market

Available Customizations

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

Product Analysis

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

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
Smart Home Market Size, Share & Growth Report
Report Code
SE 3172
Published ON
Sep, 2021
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