Smart Home Market Size, Share, Trends

Smart Home Market Size, Share, Trends and Industry by Product (Lighting Controls, Smart Speaker, Entertainment, Smart Kitchen, HVAC Controls, Security & Access Controls), Offering (Behavioral, Proactive), Sales Channel, Installation Type and Region - Global Forecast to 2029

Report Code: SE 3172 Aug, 2024, by marketsandmarkets.com

Updated on : September 12, 2024

Smart Home Market Size & Growth

[330 Pages Report] The global smart home market size was valued at USD 84.5 billion in 2024 and is projected to reach USD 116.4 billion by 2029; it is expected to register a CAGR of 6.6% during the forecast period. The increasing number of internet users and growing adoption of smart devices, Increasing disposable income in emerging economies, and concerns about safety, security, and convenience among the general population are attributed to the ever-increasing demand for smart home systems.

Now, AI and Gen Al are pushing convenience, efficiency, and personalization to another level in the smart home market. What these advanced technologies bring to the next level are smart devices; they are capable of learning from user behaviors and adapting to user preferences to reach an accuracy never seen before in the prediction of needs. House managing automation, energy consumption optimization, safety measure enhancing—all AI-driven. Gen Al works on the development of more intuitive and interactive user experiences. Further down the line of development, one continues in the same vein: Al's inclusion in smart home ecosystems is going to bring in an overhaul experience for everyday living at home—smarter, safer, and more responsive to the unique requirements of its occupants.

Smart Home Market

Attractive opportunities in the smart home market

Smart Home Market

Smart Home Market

Smart Home Market Analysis Forecast to 2029

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Smart Home Market Trends :

Driver: Increasing number of internet users and growing adoption of smart devices

The IoT has gained much attention among residential consumers, given the advantages attained by connecting household products to the internet. Connecting products, software algorithms, and services with end users, and providing them with flowability, the IoT facilitates data smoothly, aiding in real-time decisions. It has shown its efficiency and enhanced the quality and consistency of the automation systems. That is why scale companies across the world are putting huge investments in the loT industry. It appears that traditional practices of most businesses are trending toward loT; hence, it would reach huge numbers of application areas, such as lighting, HVAC, security, healthcare, and entertainment.

That is to say, the consumer shift towards video doorbells, voice-assisted technologies such as Alexa and Google Home, and surveillance systems is expected to drive the smart home market share. On the other hand, growth in consumer loT adoption is driven by the increasing penetration of the internet, growing usage of smartphones, and expansion of social network platforms. The growing internet users across the world are likely to increase the growth of the overall loT market, as there is a rise in the adoption rate of internet-enabled smart devices such as radio frequency identification, barcode scanners, and mobile computers.

Restraint: Convenience-driven rather than necessity-driven market

Smart homes provide convenience and sophisticated measures to operate a lot of electronic products in the household. These products are usually assumed to simplify daily activities rather than solve energy-efficiency issues. Many concerns are associated with the exclusivity of smart home technology. The technology is often viewed as a luxury, affordable only to some affluent stratum of society. These systems still have to make the homeowners realize the cost and energy savings they offer. To get complete home automation, the buyer has to further invest in displays, software, sensors, and analytical solutions. An average homeowner is often reluctant to learn the information and processes necessary for the installation and operation of hardware devices. Thus, perceived usefulness and perceived ease of use of the system by the homeowner may affect the market negatively. Other than do-it-yourself DIY home automation solutions, in the case of appointment of service providers by the home owners to monitor and control smart home products on a contract basis, maintenance cost has to be paid every month or year that might not be afforded by an average homeowner. This acts as a restraining factor for the growth of the smart home market , mainly in regions like Asia Pacific and RoW Middle East, South America, and Africa, wherein the economies are still developing.

Opportunity: Favorable government regulations to promote green buildings

A green building is a structure that uses environmentally responsible and resource-efficient processes in order to reduce negative impacts on human health and the environment, which goes all the way from siting through design, construction, operation, maintenance, renovation, and demolition of a building's lifecycle. Significant methods of developing sustainable buildings incorporate specifications for:

Local green building materials, reduction of loads, system optimization, and on-site renewable energy generation are some of the strategies. Buildings use up to 40% of total energy while GHG emissions are 30% of the global source of these gases, according to the United Nations Environment Program. For instance, in Hong Kong, building GHG emissions are nearly 70%. These facts demonstrate that sustainable development of buildings would massively help decrease the quantum of GHG emissions coming out from the construction industry into the atmosphere.

Basically, any green building design balances homebuilding with a sustainable environment. Due to the reduction in the consumption of energy and proliferation of environmental wastes, the concept of green buildings has been supported by various initiatives across the globe. Although the number of new buildings is increasing yearly in Asia due to rapid urbanization, the low electricity prices of some Asian countries often do not encourage energy-saving practices in buildings. Under such circumstances, it is often the government that initiates building energy regulations to promote building energy efficiency. Building energy efficiency standards can be either mandatory or voluntary based on the country. For instance, countries such as Indonesia, the Philippines, Malaysia, and Vietnam have mixed standards-that is, both mandatory and voluntary-while Singapore and Thailand have opted for mandatory regulations for energy conservation in their building energy performance requirements.

Challenge: Difficulties in linking disparate systems, limited functionalities, and lack of open standards

Currently, the smart home market share is fragmented, with competing manufacturers developing different smart home systems using various technologies. While it is easy to integrate devices from the same manufacturer or vendor, it is quite hard to integrate disparate systems offered by different manufacturers or vendors. It results in limited functionalities and unreliable services of devices from disparate vendors normally. Furthermore, most of the systems that are in the market have complex interfaces that prevent further expansion of the capabilities of smart home systems. On deployment, the lack of interoperability is a major obstacle to the acceptance of smart home technology solutions. Before consumers can have current home automation systems ready for use, they have to plough through a vast variety of wireless technologies in an attempt to find the products that best suit their needs and can coexist with the system that is already in place. Therefore, issues of hooking up disparate systems and the difficulty of integrating security systems are major challenges that smart home device and control manufacturers have to contend with. Due to this, smart home device manufacturers are instead focusing on developing open protocol devices with either BACnet or LonMark interoperability since these are the only open standard protocols for communication. However, in In this new world of convergence, interoperable systems that adhere to industry standards must be able to connect with other kinds of equipment, as easily done and integrated into the network. Interoperability from BACnet and LonMark alone is not enough to ensure complete enterprise information compatibility and interoperability. Zigbee, EnOcean, Z-wave, and Wi-Fi provide wireless communication across various equipment of smart homes; however, system manufacturers turn to Zigbee for the purpose of wireless communications most of the time. The best system would be one that supports high data throughput for streaming applications, allows intermittent bursts of small packets of sensor data, consumes enough energy to support high throughput, and supports low-power applications. The security would be provided by the encryption of the signals. Similarly, the network architecture would accommodate a considerable number of systems whereby the user can add new devices with ease. The sad thing is that there is a miss of at least one interoperability standard to address all the needs for the system performance.

Smart home Market Ecosystem

Prominent companies in this market include well-established, financially stable smart home systems providers such as Johnson Controls Inc. (Ireland), Honeywell International Inc. (US), Schneider Electric (France), Siemens (Germany), ASSA ABLOY (Sweden). These companies have been operating in the market for several years and possess a diversified product portfolio and strong global sales and marketing networks. Along with the well-established companies, there are a large number of small and medium companies operating in this market, such as Keus (India),Caavo (US), and Govee (US).

Smart Home Market by Ecosystem

Smart Home Market Share 

By sales channel, Indirect sales segment is expected to grow with the highest CAGR from 2024 to 2029.

The highest CAGR of 7.2% is anticipated for the indirect sales segment over the course of the projected period. There are numerous third-party service providers or indirect sales channels in the smart home industry. The majority of the market participants are able to provide services to end customers because they have robust sales channels and distribution networks. Selling smart gadgets and products through both online and offline channels is known as indirect sales channeling. Retailers, wholesalers, value-added resellers, and independent cellular network carriers are examples of the offline sales channels.

By installation type, retrofit installations segment is expected to grow with the highest CAGR from 2024 to 2029.

It is projected that retrofit installations will see the highest growth at a CAGR of 8.4% during the forecast. Retrofit installations offer convenience in terms of making a home smart without major renovations. This would support gradual and more personalized smart home uptake, where users could add features in line with needs and budget. Retrofitting will therefore be a basis for the implementation of smart systems, such as lighting, security, heating, and cooling in old buildings, to make them more efficient and convenient. The trend is fueled by demands for more comfort, higher security, and better energy management without interfering with the original structure or disrupting operations unnecessarily.

By product, the smart kitchen segment is expected to grow with the highest CAGR in 2029.

The smart kitchen segment is expected to register a growth of 11.7% in the CAGR. This increase in segment is attributed to the increase in demand from consumers for convenience and efficiency that drives the adoption of smart appliances, making cooking and kitchen management easier. These ranges of gadgets—from smart refrigerators, which keep track of the inventory of food, to remotely controlled ovens that offer extended features and energy efficiency—will help to attract a number of tech-savvy consumers and households on the go.

Smart Home Market Regional Analysis

In 2029, Asia Pacific is projected to hold the highest CAGR of the overall smart home market.

Smart Home Market by Region

Smart Home Market by Region

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The smart home market share in the Asia Pacific is expected to grow at the highest CAGR of 8.4% during the forecast period. This growth is attributed to the swift infrastructure development underway in the Asia Pacific, particularly in China, where smart lighting facilitates infrastructure modernization efforts. The ongoing modernization and establishment of infrastructure, including smart cities throughout the region, are anticipated to fuel the demand for smart streetlights, consequently propelling the smart home market share in the Asia Pacific. The growing inclination toward smart building infrastructure in developing economies of the region, such as Japan, South Korea, and China, a huge customer base, and rapid technological advancements in smart home products are driving the development of the market in the Asia Pacific. In developed countries, such as Japan and South Korea, there are favorable government initiatives which are supporting net-zero homes.

Top Smart Home Companies - Key Market Players:

 Smart Home Report Scope:

Report Metric

Details

Estimated Market Size  USD 84.5 billion in 2024
Projected Market Size  USD 116.4 billion by 2029
Growth Rate  CAGR of 6.6%

Smart Home Market Size Availability for Years

2020–2029

Base Year

2023

Forecast Period

2024–2029

Forecast Units

Value (USD Million/Billion)

Segments Covered

  • By product,
  • By offering,
  • By sales channel, and
  • By installation type, and region

Geographies Covered

North America, Europe, Asia Pacific, and RoW

Companies Covered

Johnson Controls Inc. (Ireland), Honeywell International Inc. (US), Schneider Electric (France), Siemens (Germany), ASSA ABLOY (Sweden), Amazon.com, Inc. (US), Apple Inc. (US), ADT (US), Robert Bosch (Germany), ABB (Switzerland), Samsung Electronics (South Korea), Sony Corporation (Japan), Ooma, Inc. (US), Wozart Technologies Private Limited (India), Control4 (US), Axis Communications (Sweden), Comcast (US), ecobee (Canada), Crestron Electronics (US), SimpliSafe (US), Savant (US), Canary (US), LG Electronics (South Korea), Lutron (US), Legrand (France) are some of the key players in the smart home market.

Smart Home Market Statistics Highlights

This research report categorizes the smart home market based by product, offering, sales channel, Trends and installation type, statistics and region.

Segment

Subsegment

By Protocol

  • Introduction
  • Wireless Communication Technologies
  • Wired Communication Technologies

By Sales Channel

  • Introduction
  • Direct
  • Indirect

Smart Home Market Size, By Products

  • Introduction
  • Lighting Controls
  • Security and Access Controls
  • HVAC Controls
  • Entertainment and Other Controls
  • Smart Speakers
  • Home Healthcare
  • Smart Kitchen
  • Home Appliances
  • Smart Furniture

By Offering 

  • Introduction
  • Behavioral
  • Proactive

By Installation Type (Qualitative)

  • Introduction
  • Retrofit
  • New Construction

By Region

  • Introduction
  • North America
    • Macroeconomic Factors
    • US
    • Canada
    • Mexico
  • Europe
    • Macroeconomic Factors
    • UK
    • Germany
    • France
    • Italy           
    • Rest of Europe
  • Asia Pacific
    • Macroeconomic Factors
    • China
    • Japan
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • RoW
    • Macroeconomic Factors
    • Middle East & Africa
      • GCC Countries
      • Rest of Middle East & Africa
    • South America

Recent Developments In Smart Home Industry : 

  • In August 2023, Yale Assure Smart Deadbolts offer a range of options depending on your needs. They typically include features like keyless entry, touchscreen interfaces, and compatibility with smart home systems like Amazon Alexa, Google Assistant, or Apple HomeKit. Yale offers various models with different features, such as the Yale Assure Lock SL and Yale Assure Lock Touchscreen Deadbolt.
  • In July 2023, Schneider Electric signed a memorandum of understanding (MoU) with SAMRIDHI GROUP. to offer sustainable and technologically advanced smart home solutions. Through this agreement, SAMRIDHI GROUP will create energy-efficient and environmentally positive residential spaces powered by Schneider Electric’s products, including the Wiser Smart Home Solution, Unica Pure wiring devices, and low-voltage switchgear.
  • In July 2023, Schneider Electric signed a memorandum of understanding (MoU) with SAMRIDHI GROUP to offer sustainable and technologically advanced smart home solutions. Through this agreement, SAMRIDHI GROUP will create energy-efficient and environmentally positive residential spaces powered by Schneider Electric’s products, including the Wiser Smart Home Solution, Unica Pure wiring devices, and low-voltage switchgear.
  • In June 2023, ASSA ABLOY acquired Spectrum Brands’ Hardware and Home Improvement (HHI) division. This acquisition enhanced ASSA ABLOY’s current product offering and geographic scope.
  • In March 2023, Johnson Controls launched IQ4 NS (No Screen) security and smart home system. It is designed to provide advanced security and smart home capabilities to residential and small commercial properties. The system includes features such as intrusion detection, video surveillance, access control, and integration with smart home devices like lighting, thermostats, and appliances.
  • In March 2023, Johnson Controls launched the IQ4 NS (no screen) security and smart home system. It is designed to provide advanced security and smart home capabilities to residential and small commercial properties. The system includes features such as intrusion detection, video surveillance, access control, and integration with smart home devices like lighting, thermostats, and appliances.

Frequently Asked Questions (FAQs):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 32)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 STUDY SCOPE 
           1.3.1 MARKETS COVERED
           1.3.2 YEARS CONSIDERED
           1.3.3 INCLUSIONS AND EXCLUSIONS OF STUDY
    1.4 CURRENCY CONSIDERED 
    1.5 UNITS CONSIDERED 
    1.6 LIMITATIONS 
    1.7 STAKEHOLDERS 
    1.8 SUMMARY OF CHANGES 
 
2 RESEARCH METHODOLOGY (Page No. - 37)
    2.1 RESEARCH DATA 
           2.1.1 SECONDARY AND PRIMARY RESEARCH
           2.1.2 SECONDARY DATA
                    2.1.2.1 List of key secondary sources
                    2.1.2.2 Key data from secondary sources
           2.1.3 PRIMARY DATA
                    2.1.3.1 Breakdown of primaries
                    2.1.3.2 Key data from primary sources
                    2.1.3.3 Key industry insights
    2.2 FACTOR ANALYSIS 
           2.2.1 SUPPLY-SIDE ANALYSIS
           2.2.2 GROWTH FORECAST ASSUMPTIONS
    2.3 MARKET SIZE ESTIMATION METHODOLOGY 
           2.3.1 BOTTOM-UP APPROACH
                    2.3.1.1 Approach to arrive at market size using bottom-up analysis (demand side)
           2.3.2 TOP-DOWN APPROACH
                    2.3.2.1 Approach to arrive at market size using top-down approach (supply side)
    2.4 MARKET BREAKDOWN AND DATA TRIANGULATION 
    2.5 RESEARCH ASSUMPTIONS 
    2.6 RESEARCH LIMITATIONS 
    2.7 RISK ASSESSMENT 
 
3 EXECUTIVE SUMMARY (Page No. - 50)
 
4 PREMIUM INSIGHTS (Page No. - 54)
    4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR KEY PLAYERS IN SMART HOME MARKET 
    4.2 HVAC CONTROLS: SMART HOME MARKET, BY TYPE, 2024 VS. 2029 (USD MILLION) 
    4.3 SMART HOME MARKET , BY SALES CHANNEL, 2024 VS. 2029 (USD MILLION) 
    4.4 SMART KITCHEN: SMART HOME MARKET, BY PRODUCT, 2024 VS. 2029 (USD MILLION) 
    4.5 SMART HOME MARKET, BY INSTALLATION TYPE, 2024 VS. 2029 (USD MILLION) 
    4.6 MARKET SHARE, BY REGION, 2024 VS. 2029 
    4.7 SMART HOME MARKET, BY COUNTRY 
 
5 MARKET OVERVIEW (Page No. - 58)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           5.2.1 DRIVERS
                    5.2.1.1 Increasing number of internet users and growing adoption of smart devices
                    5.2.1.2 Increasing disposable income in emerging economies
                    5.2.1.3 Increasing importance of home monitoring in remote locations
                    5.2.1.4 Growing need for energy-saving and low carbon emission-oriented solutions
                    5.2.1.5 Concerns about safety, security, and convenience among general population
           5.2.2 RESTRAINTS
                    5.2.2.1 Convenience-driven rather than necessity-driven market
                    5.2.2.2 High cost of switching for existing smart device consumers
                    5.2.2.3 Issues related to security and privacy breaches
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Favorable government regulations to promote green buildings
                    5.2.3.2 Incorporation of lighting controllers with in-built data connectivity technology
                    5.2.3.3 Integration of power line communication technology in smart homes
           5.2.4 CHALLENGES
                    5.2.4.1 Difficulties in linking disparate systems, limited functionalities, and lack of open standards
                    5.2.4.2 Risk of device malfunction
    5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 
    5.4 PRICING ANALYSIS 
           5.4.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY SMART LOCK
           5.4.2 AVERAGE SELLING PRICE TREND, BY REGION
    5.5 SUPPLY CHAIN ANALYSIS 
    5.6 ECOSYSTEM ANALYSIS 
    5.7 INVESTMENT AND FUNDING SCENARIO 
    5.8 TECHNOLOGY ANALYSIS 
           5.8.1 KEY TECHNOLOGIES
                    5.8.1.1 Voice assistant
           5.8.2 COMPLEMENTARY TECHNOLOGIES
                    5.8.2.1 Big data analytics
           5.8.3 ADJACENT TECHNOLOGIES
                    5.8.3.1 Biometric authentication
                    5.8.3.2  Virtual reality (VR) and augmented reality (AR)
    5.9 PATENT ANALYSIS 
    5.10 TRADE ANALYSIS 
           5.10.1 IMPORT DATA (HS CODE 8517)
           5.10.2 EXPORT DATA (HS CODE 8517)
    5.11 KEY CONFERENCES AND EVENTS 
    5.12 CASE STUDY ANALYSIS 
           5.12.1 ASSA ABLOY’S REMOTE ACCESS DELEGATION TO BUILDINGS TRANSFORMS OPERATION OF EMERGENCY SERVICES WORLDWIDE
           5.12.2 JOHNSON CONTROLS’ COOLING SOLUTION HELPS FISERV TACKLE MAINTENANCE CONSTRAINTS AND ACHIEVE ENERGY SAVINGS
           5.12.3 HONEYWELL’S SECURITY SOLUTION HELPS GATEWAY BUILDING IMPROVE SECURITY AND VISITOR ACCESS SYSTEM
    5.13 TARIFF AND REGULATORY LANDSCAPE 
           5.13.1 TARIFF ANALYSIS
                    5.13.1.1 Tariffs levied on HS code 8517-compliant products exported by US to other countries
           5.13.2 REGULATIONS
                    5.13.2.1 Regulatory bodies, government agencies, and other organizations
           5.13.3 REGULATORY STANDARDS
    5.14 PORTER’S FIVE FORCES ANALYSIS 
           5.14.1 INTENSITY OF COMPETITIVE RIVALRY
           5.14.2 BARGAINING POWER OF SUPPLIERS
           5.14.3 BARGAINING POWER OF BUYERS
           5.14.4 THREAT OF SUBSTITUTES
           5.14.5 THREAT OF NEW ENTRANTS
    5.15 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS
           5.15.2 BUYING CRITERIA
    5.16 IMPACT OF AI/GEN AI ON SMART HOME MARKET 
    5.17 RELEVANT CASE STUDY AND DEVELOPMENTS 
           5.17.1 SIEMENS: ENHANCING MUSEUM'S TECHNICAL INFRASTRUCTURE
           5.17.2 LG ELECTRONICS: ALL-ROUND HOME MANAGER AND COMPANION
           5.17.3 SAMSUNG: CREATE A MORE SEAMLESS AND INTELLIGENT HOME EXPERIENCE
           5.17.4 SAMSUNG: IMPROVING COMPUTATIONAL CAPABILITY OF RUGGED PCS
 
6 PROTOCOLS AND TECHNOLOGIES USED IN SMART HOMES (Page No. - 96)
    6.1 INTRODUCTION 
    6.2 WIRED COMMUNICATION TECHNOLOGIES 
           6.2.1 CDMA NETWORK
                    6.2.1.1 Helps control smart home appliances and systems using channel access method
           6.2.2 GSM/HSPA NETWORK
                    6.2.2.1 GSM modems control home appliances via short message services
           6.2.3 LTE NETWORK
                    6.2.3.1 Enables real-time transfer of data across network to remotely control smart home applications
           6.2.4 DALI
                    6.2.4.1 Full-duplex system that brings digital technology into lighting sector
           6.2.5 NEMA
                    6.2.5.1 Standardizes necessary control devices needed to build complete lighting systems
           6.2.6 KNX
                    6.2.6.1 Open standard supporting five communication media
           6.2.7 DMX
                    6.2.7.1 Used in communication networks that control lights and effects
           6.2.8 LONWORKS
                    6.2.8.1 Helps in building automation applications designed on low bandwidth for networking devices
           6.2.9 ETHERNET
                    6.2.9.1 Used in home entertainment systems and whole-house automation solutions
           6.2.10 MODBUS
                    6.2.10.1 Transmits information between electronic devices over serial lines or via Ethernet
           6.2.11 BACNET
                    6.2.11.1 Commonly used in building automation applications such as HVAC controls, fire detection, lighting controls, and smart elevators
           6.2.12 BLACK BOX
                    6.2.12.1 Helps in home automation and integration of home devices into a single console
           6.2.13 PLC
                    6.2.13.1 Uses electric power for data transmission
    6.3 WIRELESS COMMUNICATION TECHNOLOGIES 
           6.3.1 ZIGBEE
                    6.3.1.1 Used in smart homes to carry small amounts of data over mid-range
           6.3.2 Z-WAVE
                    6.3.2.1 Used in wireless residential control products and services
           6.3.3 WI-FI
                    6.3.3.1 Ideal for medium and small home automation systems for data transmission across short distances
           6.3.4 BLUETOOTH
                    6.3.4.1 Ensures interoperability, minimal interference, and energy efficiency in areas like automation, control, security, and energy management
           6.3.5 ENOCEAN
                    6.3.5.1 Designed for smart home solutions dependent on energy-producing technologies
           6.3.6 THREAD
                    6.3.6.1 Common standard used in smart home applications to connect them over internet and with Cloud
           6.3.7 INFRARED
                    6.3.7.1 Used for short and medium-range communications and control in smart home applications
           6.3.8 MESSAGE QUEUING TELEMETRY TRANSPORT (MQTT)
                    6.3.8.1 Used to send messages between devices in distributed network
 
7 SMART HOME MARKET, BY SALES CHANNEL (Page No. - 108)
    7.1 INTRODUCTION 
    7.2 DIRECT SALES CHANNEL 
           7.2.1 PLAYERS WITH LIMITED SALES CHANNELS AND DISTRIBUTION NETWORKS OPT FOR DIRECT SALES
    7.3 INDIRECT SALES CHANNEL 
           7.3.1 INCREASED CONVENIENCE ENHANCES CUSTOMER EXPERIENCE
 
8 SMART HOME MARKET, BY PRODUCT (Page No. - 111)
    8.1 INTRODUCTION 
    8.2 LIGHTING CONTROLS 
           8.2.1 RELAYS
                    8.2.1.1 Work as on/off switches in lighting control systems
           8.2.2 OCCUPANCY SENSORS
                    8.2.2.1 Detect presence of individuals to switch lights on/off
           8.2.3 DAYLIGHT SENSORS
                    8.2.3.1 Function as photosensors to measure intensity of natural light and accordingly adjust amount of artificial light
           8.2.4 TIMERS
                    8.2.4.1 Used to turn lights on/off automatically after pre-specified time
           8.2.5 DIMMERS
                    8.2.5.1 Used to adjust brightness in lighting control systems by means of voltage variation
           8.2.6 SWITCHES
                    8.2.6.1 Switches can be categorized as manual and remote-controlled
           8.2.7 ACCESSORIES & OTHER PRODUCTS
    8.3 SECURITY & ACCESS CONTROLS 
           8.3.1 VIDEO SURVEILLANCE
                    8.3.1.1 Hardware
                               8.3.1.1.1 Cameras
                                             8.3.1.1.1.1 IP cameras
                                                               8.3.1.1.1.1.1 Can be accessed and controlled over IP networks
                                             8.3.1.1.1.2 Analog cameras
                                                               8.3.1.1.1.2.1 Require lesser technical maintenance compared to IP cameras
                               8.3.1.1.2 Storage devices
                                             8.3.1.1.2.1 Introduction of IP cameras boosted demand for IP-based surveillance storage systems and technologies
                               8.3.1.1.3 Monitors
                                             8.3.1.1.3.1 Project data obtained by cameras as output of video surveillance systems
                               8.3.1.1.4 Other hardware accessories
                    8.3.1.2 Software
                                             8.3.1.2.1.1 Automatically monitors cameras and alerts users about unusual or suspicious events
                               8.3.1.2.2 Video management software
                                             8.3.1.2.2.1 Platform for video monitoring, recording, and analysis
                               8.3.1.2.3 Neural networks and algorithms
                                             8.3.1.2.3.1 Used to extract patterns or coded data to identify behavioral trends
                    8.3.1.3 Services
                               8.3.1.3.1 Ensures effective working of video surveillance systems
           8.3.2 ACCESS CONTROL
                    8.3.2.1 Hardware
                               8.3.2.1.1 Card-based readers
                                             8.3.2.1.1.1 Used to authenticate user identity
                               8.3.2.1.2 Multi-technology readers
                                             8.3.2.1.2.1 Employ combination of card and biometrics
                               8.3.2.1.3 Electronic locks
                                             8.3.2.1.3.1 Cannot be tampered with and provide better security than mechanical locks
                               8.3.2.1.4 Controllers
                                             8.3.2.1.4.1 Control panels transmit data between readers and software through various types of communication interfaces
                               8.3.2.1.5 Biometric readers
                    8.3.2.2 Software
                               8.3.2.2.1 Often integrated with other security management platforms, such as video surveillance, intrusion, and visitor management systems
                    8.3.2.3 Services
                               8.3.2.3.1 Majorly include installation, support, and maintenance services
    8.4 HVAC CONTROLS 
           8.4.1 SMART THERMOSTATS
                    8.4.1.1 Maintain temperature at required levels
           8.4.2 SENSORS
                    8.4.2.1 Perform logical functions such as making decisions and communicating with other systems
           8.4.3 CONTROL VALVES
                    8.4.3.1 Regulate flow of fluids in various processes
           8.4.4 HEATING & COOLING COILS
                    8.4.4.1 HVAC systems use coils to maintain temperature
           8.4.5 DAMPERS
                    8.4.5.1 Regulate flow of hot/cold air in rooms
           8.4.6 ACTUATORS
                    8.4.6.1 Control dampers and valves in HVAC systems
           8.4.7 PUMPS & FANS
                    8.4.7.1 Essential components of HVAC control systems
           8.4.8 SMART VENTS
                    8.4.8.1 Can be programmed to open and close according to temperature conditions of rooms
    8.5 ENTERTAINMENT & OTHER CONTROLS 
           8.5.1 ENTERTAINMENT CONTROLS
                    8.5.1.1 Audio & volume controls
                               8.5.1.1.1 Enable playback and music control in homes
                    8.5.1.2 Home theater system controls
                               8.5.1.2.1 Designed to provide ultimate movie-viewing experience
                    8.5.1.3 Touchscreens & keypads
                               8.5.1.3.1 Control audio-video distribution at homes
           8.5.2 OTHER CONTROLS
                    8.5.2.1 Smart meters
                               8.5.2.1.1 Measure energy consumption and enable communication between users and utilities
                    8.5.2.2 Smart plugs
                               8.5.2.2.1 Help in saving and managing energy usage
                    8.5.2.3 Smart hubs
                               8.5.2.3.1 Control connected gadgets in smart homes
                    8.5.2.4 Smart locks
                               8.5.2.4.1 Enabled with wireless technologies such as Z-Wave, Zigbee, and NFC
                    8.5.2.5 Smoke detectors
                               8.5.2.5.1 Detect smoke faster than flame and heat detectors
    8.6 SMART SPEAKERS 
           8.6.1 ENABLE CONTROL OF SMART DEVICES THROUGH USER VOICE CONTROL
    8.7 HOME HEALTHCARE 
           8.7.1 HEALTH STATUS MONITORS
                    8.7.1.1 Fitness and heart rate monitors
                               8.7.1.1.1 Growing health consciousness to drive adoption
                    8.7.1.2 Blood pressure monitors
                               8.7.1.2.1 Growth emphasis on treatment and control of diseases to drive demand
                    8.7.1.3 Blood glucose meters
                               8.7.1.3.1 Increasing diabetic population to boost adoption
                    8.7.1.4 Continuous glucose monitors
                               8.7.1.4.1 Offer better results than conventional glucose monitoring systems
                    8.7.1.5 Pulse oximeters
                               8.7.1.5.1 Used to monitor oxygen level present in user’s blood
                    8.7.1.6 Fall detectors
                               8.7.1.6.1 Detect and notify monitoring personnel if users collapse
           8.7.2 PHYSICAL ACTIVITY MONITORS
                    8.7.2.1 Rising adoption of smart wearable devices to track physical activity levels of users
    8.8 SMART KITCHEN 
           8.8.1 SMART REFRIGERATORS
                    8.8.1.1 Keep track of how often doors have been opened
           8.8.2 SMART COFFEE MAKERS
                    8.8.2.1 Allows users to make coffee through app on tablets or smartphones
           8.8.3 SMART KETTLES
                    8.8.3.1 Maintain temperature of water depending on user’s choice
           8.8.4 SMART DISHWASHERS
                    8.8.4.1 Innovative features reduce human intervention
           8.8.5 SMART OVENS
                    8.8.5.1 Help users reduce time required for cooking
           8.8.6 SMART COOKTOPS
                    8.8.6.1 Ensure accurate heat circulation
           8.8.7 SMART COOKERS
                    8.8.7.1 Can be accessed and controlled through apps on smartphones or tablets
    8.9 HOME APPLIANCES 
           8.9.1 SMART WASHERS
                    8.9.1.1 Innovative features reduce human intervention
           8.9.2 SMART DRYERS
                    8.9.2.1 Help increase energy efficiency and reduce human intervention
           8.9.3 SMART WATER HEATERS
                    8.9.3.1 Turn off automatically when hot water demands are low
           8.9.4 SMART VACUUM CLEANERS
                    8.9.4.1 Rising awareness around cleanliness and hygiene to fuel demand
    8.1 SMART FURNITURE 
           8.10.1 SMART TABLES
                    8.10.1.1 Feature integrated induction-based drink warmer to maintain temperature of beverage
           8.10.2 SMART DESKS
                    8.10.2.1 Provides multiple health benefits to users
           8.10.3 SMART STOOLS & BENCHES
                    8.10.3.1 Smart benches help in reducing energy costs
           8.10.4 SMART SOFAS
                    8.10.4.1 Equipped with sensors to help adjust shape and size as per user’s requirement
           8.10.5 SMART CHAIRS
                    8.10.5.1 Help in promoting healthy sitting posture
 
9 SMART HOME MARKET, BY OFFERING (Page No. - 202)
    9.1 INTRODUCTION 
    9.2 BEHAVIORAL 
           9.2.1 LEARNS FROM USER BEHAVIOR AND RECOMMENDS NECESSARY ACTIONS
    9.3 PROACTIVE 
           9.3.1 AUTOMATICALLY IMPLEMENTS NECESSARY ACTIONS BASED ON USER BEHAVIOR
 
10 SMART HOME MARKET, BY INSTALLATION TYPE (Page No. - 207)
     10.1 INTRODUCTION 
     10.2 NEW INSTALLATIONS 
             10.2.1 NEED FOR MODERN LIGHTING SYSTEMS WITH STATE-OF-THE-ART COMPONENTS TO DRIVE MARKET
     10.3 RETROFIT INSTALLATIONS 
             10.3.1 RISING DEMAND FOR SYSTEM UPGRADES TO BOOST MARKET GROWTH
 
11 SMART HOME MARKET, BY REGION (Page No. - 210)
     11.1 INTRODUCTION 
     11.2 NORTH AMERICA 
             11.2.1 US
                        11.2.1.1 Presence of various key players to support market growth
             11.2.2 CANADA
                        11.2.2.1 Growing economy to result in increased focus on transitioning toward smart homes
             11.2.3 MEXICO
                        11.2.3.1 Growing economy and increasing use of consumer electronics to favor market growth
             11.2.4 RANKING OF SMART CONTROL ECOSYSTEMS IN NORTH AMERICA
             11.2.5 MACROECONOMIC OUTLOOK IN NORTH AMERICA
     11.3 EUROPE 
             11.3.1 GERMANY
                        11.3.1.1 Adoption of zero-energy systems and development of smart cities to drive market
             11.3.2 UK
                        11.3.2.1 Initiatives to prevent fire accidents to support market growth
             11.3.3 FRANCE
                        11.3.3.1 Initiatives for promoting adoption of energy-saving products to propel market growth
             11.3.4 ITALY
                        11.3.4.1 Government activities to promote minimum energy consumption products to boost market growth
             11.3.5 REST OF EUROPE
             11.3.6 RANKING OF SMART CONTROL ECOSYSTEMS FOR EUROPE
             11.3.7 MACROECONOMIC OUTLOOK IN EUROPE
     11.4 ASIA PACIFIC 
             11.4.1 CHINA
                        11.4.1.1 Government initiatives for development of smart homes to drive market
             11.4.2 JAPAN
                        11.4.2.1 High penetration rate of internet in households to favor market growth
             11.4.3 SOUTH KOREA
                        11.4.3.1 High demand for advanced security due to growing security concerns to propel market
             11.4.4 AUSTRALIA
                        11.4.4.1 High demand for entertainment controls and security & access controls to boost market growth
             11.4.5 REST OF ASIA PACIFIC
             11.4.6 MACROECONOMIC OUTLOOK IN ASIA PACIFIC
     11.5 ROW 
             11.5.1 SOUTH AMERICA
                        11.5.1.1 Government initiatives to support infrastructural development to boost market growth
             11.5.2 MIDDLE EAST & AFRICA
                        11.5.2.1 Growing consumer awareness regarding benefits of smart appliances to fuel market growth
                        11.5.2.2 GCC countries
                        11.5.2.3 Rest of Middle East & Africa
             11.5.3 MACROECONOMIC OUTLOOK IN ROW
 
12 COMPETITIVE LANDSCAPE (Page No. - 230)
     12.1 OVERVIEW 
     12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 
     12.3 MARKET SHARE ANALYSIS 
     12.4 REVENUE ANALYSIS 
     12.5 COMPANY VALUATION AND FINANCIAL METRICS 
     12.6 BRAND/PRODUCT COMPARISON 
     12.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 
             12.7.1 STARS
             12.7.2 EMERGING LEADERS
             12.7.3 PERVASIVE PLAYERS
             12.7.4 PARTICIPANTS
             12.7.5 COMPANY FOOTPRINT
                        12.7.5.1 Company footprint
                        12.7.5.2 Product footprint
                        12.7.5.3 Offering footprint
                        12.7.5.4 Sales channel footprint
                        12.7.5.5 Installation type footprint
                        12.7.5.6 Region footprint
     12.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 
             12.8.1 PROGRESSIVE COMPANIES
             12.8.2 RESPONSIVE COMPANIES
             12.8.3 DYNAMIC COMPANIES
             12.8.4 STARTING BLOCKS
             12.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
     12.9 COMPETITIVE SCENARIOS 
             12.9.1 PRODUCT LAUNCHES
             12.9.2 DEALS
 
13 COMPANY PROFILES (Page No. - 251)
     13.1 KEY PLAYERS 
             13.1.1 JOHNSON CONTROLS INC.
                        13.1.1.1 Business overview
                        13.1.1.2 Products/Solutions/Services offered
                        13.1.1.3 Recent developments
                                     13.1.1.3.1 Product launches
                                     13.1.1.3.2 Deals
                        13.1.1.4 MnM view
                                     13.1.1.4.1 Key strengths
                                     13.1.1.4.2 Strategic choices
                                     13.1.1.4.3 Weaknesses & competitive threats
             13.1.2 SCHNEIDER ELECTRIC
                        13.1.2.1 Business overview
                        13.1.2.2 Products/Solutions/Services offered
                        13.1.2.3 Recent developments
                                     13.1.2.3.1 Product launches
                                     13.1.2.3.2 Deals
                        13.1.2.4 MnM view
                                     13.1.2.4.1 Key strengths
                                     13.1.2.4.2 Strategic choices
                                     13.1.2.4.3 Weaknesses & competitive threats
             13.1.3 HONEYWELL INTERNATIONAL INC.
                        13.1.3.1 Business overview
                        13.1.3.2 Products/Solutions/Services offered
                        13.1.3.3 Recent developments
                                     13.1.3.3.1 Product launches
                                     13.1.3.3.2 Deals
                        13.1.3.4 MnM view
                                     13.1.3.4.1 Key strengths
                                     13.1.3.4.2 Strategic choices
                                     13.1.3.4.3 Weaknesses & competitive threats
             13.1.4 ASSA ABLOY
                        13.1.4.1 Business overview
                        13.1.4.2 Products/Solutions/Services offered
                        13.1.4.3 Recent developments
                                     13.1.4.3.1 Product launches
                                     13.1.4.3.2 Deals
                        13.1.4.4 MnM view
                                     13.1.4.4.1 Key strengths
                                     13.1.4.4.2 Strategic choices
                                     13.1.4.4.3 Weaknesses & competitive threats
             13.1.5 SIEMENS
                        13.1.5.1 Business overview
                        13.1.5.2 Products/Solutions/Services offered
                        13.1.5.3 Recent developments
                                     13.1.5.3.1 Product launches
                                     13.1.5.3.2 Deals
                        13.1.5.4 MnM view
                                     13.1.5.4.1 Key strengths
                                     13.1.5.4.2 Strategic choices
                                     13.1.5.4.3 Weaknesses & competitive threats
             13.1.6 AMAZON.COM, INC.
                        13.1.6.1 Business overview
                        13.1.6.2 Products/Solutions/Services offered
                        13.1.6.3 Recent developments
                                     13.1.6.3.1 Product launches
                                     13.1.6.3.2 Deals
             13.1.7 APPLE INC.
                        13.1.7.1 Business overview
                        13.1.7.2 Products/Solutions/Services offered
                        13.1.7.3 Recent developments
                                     13.1.7.3.1 Product launches
                                     13.1.7.3.2 Deals
             13.1.8 ADT
                        13.1.8.1 Business overview
                        13.1.8.2 Products/Solutions/Services offered
                        13.1.8.3 Recent developments
                                     13.1.8.3.1 Product launches
                                     13.1.8.3.2 Deals
                                     13.1.8.3.3 Other developments
             13.1.9 ROBERT BOSCH
                        13.1.9.1 Business overview
                        13.1.9.2 Products/Solutions/Services offered
                        13.1.9.3 Recent developments
                                     13.1.9.3.1 Product launches
                                     13.1.9.3.2 Deals
             13.1.10 ABB
                        13.1.10.1 Business overview
                        13.1.10.2 Products/Solutions/Services offered
                        13.1.10.3 Recent developments
                                     13.1.10.3.1 Product launches
                                     13.1.10.3.2 Deals
     13.2 OTHER PLAYERS 
             13.2.1 SAMSUNG ELECTRONICS
             13.2.2 SONY CORPORATION
             13.2.3 OOMA
             13.2.4 WOZART TECHNOLOGIES PRIVATE LIMITED
             13.2.5 CONTROL4
             13.2.6 AXIS COMMUNICATIONS AB
             13.2.7 COMCAST
             13.2.8 ECOBEE
             13.2.9 CRESTRON ELECTRONICS, INC.
             13.2.10 SIMPLISAFE, INC.
             13.2.11 SAVANT SYSTEMS, INC
             13.2.12 CANARY CONNECT, INC.
             13.2.13 LG ELECTRONICS
             13.2.14 LUTRON ELECTRONICS CO., INC.
             13.2.15 LEGRAND
 
14 APPENDIX (Page No. - 324)
     14.1 INSIGHTS FROM INDUSTRY EXPERTS 
     14.2 DISCUSSION GUIDE 
     14.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     14.4 CUSTOMIZATION OPTIONS 
     14.5 RELATED REPORTS 
     14.6 AUTHOR DETAILS 
 
 
LIST OF TABLES (319 TABLES)
 
TABLE 1 SMART HOME MARKET: GROWTH FORECAST ASSUMPTIONS
TABLE 2 MARKET: RESEARCH ASSUMPTIONS
TABLE 3 MARKET: RISK ASSESSMENT
TABLE 4 ENERGY-SAVING POTENTIAL OF LIGHTING CONTROLS
TABLE 5 AVERAGE SELLING PRICE TREND, BY PRODUCT, 2018–2023 (USD)
TABLE 6 INDICATIVE PRICE TREND OF LIGHTING CONTROLS, BY REGION, 2019–2023 (USD)
TABLE 7 ROLES OF COMPANIES IN SMART HOME ECOSYSTEM
TABLE 8 INNOVATIONS AND PATENT REGISTRATIONS, 2022–2023
TABLE 9 IMPORT SCENARIO FOR HS CODE 8517-COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (USD MILLION)
TABLE 10 EXPORT SCENARIO FOR HS CODE 8517-COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (USD MILLION)
TABLE 11 KEY CONFERENCES AND EVENTS, 2024–2025
TABLE 12 MFN TARIFF FOR HS CODE 8517-COMPLIANT PRODUCTS EXPORTED BY US, 2023
TABLE 13 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 14 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 15 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 16 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 17 SMART HOME MARKET: PORTER’S FIVE FORCES IMPACT
TABLE 18 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY SALES CHANNEL (%)
TABLE 19 KEY BUYING CRITERIA, BY SALES CHANNEL
TABLE 20 MARKET, BY SALES CHANNEL, 2020–2023 (USD MILLION)
TABLE 21 MARKET, BY SALES CHANNEL, 2024–2029 (USD MILLION)
TABLE 22 SMART HOME MARKET, BY PRODUCT, 2020–2023 (USD MILLION)
TABLE 23 MARKET, BY PRODUCT, 2024–2029 (USD MILLION)
TABLE 24 MARKET, BY PRODUCT, 2020–2023 (MILLION UNITS)
TABLE 25 SMART HOME MARKET, BY PRODUCT, 2024–2029 (MILLION UNITS)
TABLE 26 LIGHTING CONTROLS: MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 27 LIGHTING CONTROLS: MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 28 LIGHTING CONTROLS: MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 29 LIGHTING CONTROLS: MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 30 LIGHTING CONTROLS: MARKET FOR NORTH AMERICA, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 31 LIGHTING CONTROLS: SMART HOME MARKET FOR NORTH AMERICA, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 32 LIGHTING CONTROLS: MARKET FOR EUROPE, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 33 LIGHTING CONTROLS: MARKET FOR EUROPE, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 34 LIGHTING CONTROLS: MARKET FOR ASIA PACIFIC, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 35 LIGHTING CONTROLS: MARKET FOR ASIA PACIFIC, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 36 LIGHTING CONTROLS: MARKET FOR ROW, BY REGION, 2020–2023 (USD MILLION)
TABLE 37 LIGHTING CONTROLS: MARKET FOR ROW, BY REGION, 2024–2029 (USD MILLION)
TABLE 38 LIGHTING CONTROLS: MARKET FOR MIDDLE EAST & AFRICA, BY REGION, 2020–2023 (USD MILLION)
TABLE 39 LIGHTING CONTROLS: SMART HOME MARKET FOR MIDDLE EAST & AFRICA, BY REGION, 2024–2029 (USD MILLION)
TABLE 40 RELAYS: MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 41 RELAYS: MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 42 OCCUPANCY SENSORS: MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 43 OCCUPANCY SENSORS: MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 44 DAYLIGHT SENSORS:MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 45 DAYLIGHT SENSORS:  MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 46 TIMERS: MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 47 TIMERS: MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 48 DIMMERS: SMART HOME MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 49 DIMMERS: MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 50 SWITCHES: MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 51 SWITCHES: MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 52 ACCESSORIES & OTHER PRODUCTS: SMART HOME MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 53 ACCESSORIES & OTHER PRODUCTS: MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 54 SECURITY & ACCESS CONTROLS: MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 55 SECURITY & ACCESS CONTROLS: MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 56 SECURITY & ACCESS CONTROLS: MARKET FOR NORTH AMERICA, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 57 SECURITY & ACCESS CONTROLS: SMART HOME MARKET FOR NORTH AMERICA, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 58 SECURITY & ACCESS CONTROLS: MARKET FOR EUROPE, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 59 SECURITY & ACCESS CONTROLS: MARKET FOR EUROPE, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 60 SECURITY & ACCESS CONTROLS: MARKET FOR ASIA PACIFIC, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 61 SECURITY & ACCESS CONTROLS: MARKET FOR ASIA PACIFIC, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 62 SECURITY & ACCESS CONTROLS: MARKET FOR ROW, BY REGION, 2020–2023 (USD MILLION)
TABLE 63 SECURITY & ACCESS CONTROLS: SMART HOME MARKET FOR ROW, BY REGION, 2024–2029 (USD MILLION)
TABLE 64 SECURITY & ACCESS CONTROLS: MARKET FOR MIDDLE EAST & AFRICA, BY REGION, 2020–2023 (USD MILLION)
TABLE 65 SECURITY & ACCESS CONTROLS: MARKET FOR MIDDLE EAST & AFRICA, BY REGION, 2024–2029 (USD MILLION)
TABLE 66 VIDEO SURVEILLANCE: SMART HOME MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 67 VIDEO SURVEILLANCE: MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 68 VIDEO SURVEILLANCE: MARKET, BY HARDWARE, 2020–2023 (USD MILLION)
TABLE 69 VIDEO SURVEILLANCE: MARKET, BY HARDWARE, 2024–2029 (USD MILLION)
TABLE 70 VIDEO SURVEILLANCE: MARKET, BY CAMERA, 2020–2023 (USD MILLION)
TABLE 71 VIDEO SURVEILLANCE: MARKET, BY CAMERA, 2024–2029 (USD MILLION)
TABLE 72 ACCESS CONTROL: SMART HOME MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 73 ACCESS CONTROL: MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 74 ACCESS CONTROL: MARKET, BY HARDWARE, 2020–2023 (USD MILLION)
TABLE 75 ACCESS CONTROL: MARKET, BY HARDWARE, 2024–2029 (USD MILLION)
TABLE 76 HVAC CONTROLS: MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 77 HVAC CONTROLS: MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 78 HVAC CONTROLS: MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 79 HVAC CONTROLS: MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 80 HVAC CONTROLS: SMART HOME MARKET FOR NORTH AMERICA, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 81 HVAC CONTROLS: MARKET FOR NORTH AMERICA, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 82 HVAC CONTROLS: MARKET FOR EUROPE, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 83 HVAC CONTROLS: MARKET FOR EUROPE, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 84 HVAC CONTROLS: MARKET FOR ASIA PACIFIC, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 85 HVAC CONTROLS: MARKET FOR ASIA PACIFIC, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 86 HVAC CONTROLS: SMART HOME MARKET FOR ROW, BY REGION, 2020–2023 (USD MILLION)
TABLE 87 HVAC CONTROLS: MARKET FOR ROW, BY REGION, 2024–2029 (USD MILLION)
TABLE 88 HVAC CONTROLS: MARKET FOR MIDDLE EAST & AFRICA, BY REGION, 2020–2023 (USD MILLION)
TABLE 89 HVAC CONTROLS: SMART HOME MARKET FOR MIDDLE EAST & AFRICA, BY REGION, 2024–2029 (USD MILLION)
TABLE 90 SMART THERMOSTATS: MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 91 SMART THERMOSTATS: MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 92 SENSORS: MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 93 SENSORS: MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 94 CONTROL VALVES: MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 95 CONTROL VALVES: SMART HOME MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 96 HEATING & COOLING COILS:  MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 97 HEATING & COOLING COILS: MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 98 DAMPERS: SMART HOME MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 99 DAMPERS: MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 100 ACTUATORS: SMARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 101 ACTUATORS: MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 102 PUMPS & FANS: MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 103 PUMPS & FANS: MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 104 SMART VENTS: SMART HOME MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 105 SMART VENTS: MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 106 ENTERTAINMENT & OTHER CONTROLS: SMART HOME MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 107 ENTERTAINMENT & OTHER CONTROLS: MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 108 ENTERTAINMENT & OTHER CONTROLS: MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 109 ENTERTAINMENT & OTHER CONTROLS: MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 110 ENTERTAINMENT & OTHER CONTROLS: SMART HOME MARKET FOR NORTH AMERICA, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 111 ENTERTAINMENT & OTHER CONTROLS: MARKET FOR NORTH AMERICA, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 112 ENTERTAINMENT & OTHER CONTROLS: MARKET FOR EUROPE, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 113 ENTERTAINMENT & OTHER CONTROLS: MARKET FOR EUROPE, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 114 ENTERTAINMENT & OTHER CONTROLS: MARKET FOR ASIA PACIFIC, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 115 ENTERTAINMENT & OTHER CONTROLS: MARKET FOR ASIA PACIFIC, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 116 ENTERTAINMENT & OTHER CONTROLS: MARKET FOR ROW, BY REGION, 2020–2023 (USD MILLION)
TABLE 117 ENTERTAINMENT & OTHER CONTROLS: MARKET FOR ROW, BY REGION, 2024–2029 (USD MILLION)
TABLE 118 ENTERTAINMENT & OTHER CONTROLS: SMART HOME MARKET FOR MIDDLE EAST & AFRICA, BY REGION, 2020–2023 (USD MILLION)
TABLE 119 ENTERTAINMENT & OTHER CONTROLS: MARKET FOR MIDDLE EAST & AFRICA, BY REGION, 2024–2029 (USD MILLION)
TABLE 120 ENTERTAINMENT CONTROLS: MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 121 ENTERTAINMENT CONTROLS: MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 122 ENTERTAINMENT CONTROLS: MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 123 ENTERTAINMENT CONTROLS: MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 124 AUDIO & VOLUME CONTROLS: MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 125 AUDIO & VOLUME CONTROLS: MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 126 HOME THEATER SYSTEM CONTROLS: MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 127 HOME THEATER SYSTEM CONTROLS: MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 128 TOUCHSCREENS & KEYPADS:  MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 129 TOUCHSCREENS & KEYPADS: , BY REGION, 2024–2029 (USD MILLION)
TABLE 130 OTHER CONTROLS: SMART HOME MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 131 OTHER CONTROLS:  MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 132 OTHER CONTROLS: MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 133 OTHER CONTROLS: MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 134 SMART METERS: SMART HOME MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 135 SMART METERS: MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 136 SMART PLUGS: MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 137 SMART PLUGS: MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 138 SMART HUBS: MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 139 SMART HUBS: MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 140 SMART LOCKS: MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 141 SMART LOCKS: MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 142 SMOKE DETECTORS: MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 143 SMOKE DETECTORS: MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 144 SMART SPEAKERS: MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 145 SMART SPEAKERS: MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 146 SMART SPEAKERS: MARKET FOR NORTH AMERICA, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 147 SMART SPEAKERS: MARKET FOR NORTH AMERICA, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 148 SMART SPEAKERS: SMART HOME MARKET FOR EUROPE, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 149 SMART SPEAKER: MARKET FOR EUROPE, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 150 SMART SPEAKERS: MARKET FOR ASIA PACIFIC, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 151 SMART SPEAKERS: SMART HOME MARKET FOR ASIA PACIFIC, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 152 SMART SPEAKERS: MARKET FOR ROW, BY REGION, 2020–2023 (USD MILLION)
TABLE 153 SMART SPEAKERS: MARKET FOR ROW, BY REGION, 2024–2029 (USD MILLION)
TABLE 154 SMART SPEAKERS: MARKET FOR MIDDLE EAST & AFRICA, BY REGION, 2020–2023 (USD MILLION)
TABLE 155 SMART SPEAKERS: MARKET FOR MIDDLE EAST & AFRICA, BY REGION, 2024–2029 (USD MILLION)
TABLE 156 HOME HEALTHCARE: SMART HOME MARKET, BY PRODUCT, 2020–2023 (USD MILLION)
TABLE 157 HOME HEALTHCARE: MARKET, BY PRODUCT, 2024–2029 (USD MILLION)
TABLE 158 HOME HEALTHCARE: MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 159 HOME HEALTHCARE: MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 160 HOME HEALTHCARE: MARKET FOR NORTH AMERICA, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 161 HOME HEALTHCARE: MARKET FOR NORTH AMERICA, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 162 HOME HEALTHCARE: SMART HOME MARKET FOR EUROPE, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 163 HOME HEALTHCARE: MARKET FOR EUROPE, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 164 HOME HEALTHCARE: MARKET FOR ASIA PACIFIC, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 165 HOME HEALTHCARE: SMART HOME MARKET FOR ASIA PACIFIC, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 166 HOME HEALTHCARE: MARKET FOR ROW, BY REGION, 2020–2023 (USD MILLION)
TABLE 167 HOME HEALTHCARE: MARKET FOR ROW, BY REGION, 2024–2029 (USD MILLION)
TABLE 168 HOME HEALTHCARE: MARKET FOR MIDDLE EAST & AFRICA, BY REGION, 2020–2023 (USD MILLION)
TABLE 169 HOME HEALTHCARE: MARKET FOR MIDDLE EAST & AFRICA, BY REGION, 2024–2029 (USD MILLION)
TABLE 170 HEALTH STATUS MONITORS: MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 171 HEALTH STATUS MONITORS: MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 172 PHYSICAL ACTIVITY MONITORS: MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 173 PHYSICAL ACTIVITY MONITORS: MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 174 SMART KITCHEN: MARKET, BY PRODUCT, 2020–2023 (USD MILLION)
TABLE 175 SMART KITCHEN: MARKET, BY PRODUCT, 2024–2029 (USD MILLION)
TABLE 176 SMART KITCHEN: SMART HOME MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 177 SMART KITCHEN: MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 178 SMART KITCHEN: MARKET FOR NORTH AMERICA, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 179 SMART KITCHEN: MARKET FOR NORTH AMERICA, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 180 SMART KITCHEN: MARKET FOR EUROPE, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 181 SMART KITCHEN: MARKET FOR EUROPE, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 182 SMART KITCHEN: SMART HOME MARKET FOR ASIA PACIFIC, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 183 SMART KITCHEN: MARKET FOR ASIA PACIFIC, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 184 SMART KITCHEN: MARKET FOR ROW, BY REGION, 2020–2023 (USD MILLION)
TABLE 185 SMART KITCHEN: MARKET FOR ROW, BY REGION, 2024–2029 (USD MILLION)
TABLE 186 SMART KITCHEN: SMART HOME MARKET FOR MIDDLE EAST & AFRICA, BY REGION, 2020–2023 (USD MILLION)
TABLE 187 SMART KITCHEN:  MARKET FOR MIDDLE EAST & AFRICA, BY REGION, 2024–2029 (USD MILLION)
TABLE 188 SMART REFRIGERATORS: MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 189 SMART REFRIGERATORS: MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 190 SMART COFFEE MAKERS: MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 191 SMART COFFEE MAKERS: MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 192 SMART KETTLES: MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 193 SMART KETTLES: MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 194 SMART DISHWASHERS: MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 195 SMART DISHWASHERS: MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 196 SMART OVENS: SMART HOME MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 197 SMART OVENS:  MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 198 SMART COOKTOPS: MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 199 SMART COOKTOPS: MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 200 SMART COOKERS: MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 201 SMART COOKERS: SMART HOME MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 202 HOME APPLIANCES: MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 203 HOME APPLIANCES: MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 204 HOME APPLIANCES: MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 205 HOME APPLIANCES: MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 206 HOME APPLIANCES: MARKET FOR NORTH AMERICA, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 207 HOME APPLIANCES: MARKET FOR NORTH AMERICA, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 208 HOME APPLIANCES: MARKET FOR EUROPE, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 209 HOME APPLIANCES: MARKET FOR EUROPE, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 210 HOME APPLIANCES: MARKET FOR ASIA PACIFIC, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 211 HOME APPLIANCES: SMART HOME MARKET FOR ASIA PACIFIC, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 212 HOME APPLIANCES: MARKET FOR ROW, BY REGION, 2020–2023 (USD MILLION)
TABLE 213 HOME APPLIANCES: MARKET FOR ROW, BY REGION, 2024–2029 (USD MILLION)
TABLE 214 HOME APPLIANCES: MARKET FOR MIDDLE EAST & AFRICA, BY REGION, 2020–2023 (USD MILLION)
TABLE 215 HOME APPLIANCES: MARKET FOR MIDDLE EAST & AFRICA, BY REGION, 2024–2029 (USD MILLION)
TABLE 216 SMART WASHERS: MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 217 SMART WASHERS: MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 218 SMART DRYERS: MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 219 SMART DRYERS: MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 220 SMART WATER HEATERS: MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 221 SMART WATER HEATERS: MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 222 SMART VACUUM CLEANERS: MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 223 SMART VACUUM CLEANERS: MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 224 SMART FURNITURE: MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 225 SMART FURNITURE: MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 226 SMART FURNITURE: SMART HOME MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 227 SMART FURNITURE: MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 228 SMART FURNITURE: MARKET FOR NORTH AMERICA, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 229 SMART FURNITURE: MARKET FOR NORTH AMERICA, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 230 SMART FURNITURE: SMART HOME MARKET FOR EUROPE, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 231 SMART FURNITURE: MARKET FOR EUROPE, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 232 SMART FURNITURE:  MARKET FOR ASIA PACIFIC, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 233 SMART FURNITURE: MARKET FOR ASIA PACIFIC, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 234 SMART FURNITURE: MARKET FOR ROW, BY REGION, 2020–2023 (USD MILLION)
TABLE 235 SMART FURNITURE: MARKET FOR ROW, BY REGION, 2024–2029 (USD MILLION)
TABLE 236 SMART FURNITURE: MARKET FOR MIDDLE EAST & AFRICA, BY REGION, 2020–2023 (USD MILLION)
TABLE 237 SMART FURNITURE: SMART HOME MARKET FOR MIDDLE EAST & AFRICA, BY REGION, 2024–2029 (USD MILLION)
TABLE 238 SMART TABLES: MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 239 SMART TABLES: MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 240 SMART DESKS: MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 241 SMART DESKS: MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 242 SMART STOOLS & BENCHES: MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 243 SMART STOOLS & BENCHES: MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 244 SMART SOFAS: SMART HOME MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 245 SMART SOFAS: SMARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 246 SMART CHAIRS: MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 247 SMART CHAIRS: MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 248 MARKET, BY OFFERING, 2020–2023 (USD MILLION)
TABLE 249 MARKET, BY OFFERING, 2024–2029 (USD MILLION)
TABLE 250 MARKET, BY INSTALLATION TYPE, 2020–2023 (USD MILLION)
TABLE 251 SMART HOME MARKET, BY INSTALLATION TYPE, 2024–2029 (USD MILLION)
TABLE 252 MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 253 MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 254 NORTH AMERICA: MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 255 NORTH AMERICA:  MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 256 NORTH AMERICA: RANKING OF SMART CONTROL ECOSYSTEMS
TABLE 257 NORTH AMERICA: IMPACTFUL SMART CONTROLS/HUBS/PLATFORMS
TABLE 258 EUROPE: SMART HOME MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 259 EUROPE: SMART HOME MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 260 EUROPE: RANKING OF SMART CONTROL ECOSYSTEMS
TABLE 261 EUROPE: IMPACTFUL SMART CONTROLS/HUBS/PLATFORMS
TABLE 262 ASIA PACIFIC: MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 263 ASIA PACIFIC: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 264 ROW: MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 265 ROW: MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 266 MIDDLE EAST & AFRICA: SMART HOME MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 267 MIDDLE EAST & AFRICA: SMART HOME MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 268 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS
TABLE 269 MARKET: DEGREE OF COMPETITION, 2023
TABLE 270 MARKET: PRODUCT FOOTPRINT
TABLE 271 MARKET: OFFERING FOOTPRINT
TABLE 272 MARKET: SALES CHANNEL FOOTPRINT
TABLE 273 MARKET: INSTALLATION TYPE FOOTPRINT
TABLE 274 SMART HOME MARKET: REGION FOOTPRINT
TABLE 275 MARKET: DETAILED LIST OF KEY STARTUPS/SMES
TABLE 276 MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
TABLE 277 MARKET: PRODUCT LAUNCHES, JANUARY 2021–JUNE 2024
TABLE 278  MARKET: DEALS, JANUARY 2021–JUNE 2024
TABLE 279 JOHNSON CONTROLS INC.: COMPANY OVERVIEW
TABLE 280 JOHNSON CONTROLS INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 281 JOHNSON CONTROLS INC.: PRODUCT LAUNCHES, JANUARY 2021–JUNE 2024
TABLE 282 JOHNSON CONTROLS INC.: DEALS, JANUARY 2021–JUNE 2024
TABLE 283 SCHNEIDER ELECTRIC: COMPANY OVERVIEW
TABLE 284 SCHNEIDER ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 285 SCHNEIDER ELECTRIC: PRODUCT LAUNCHES, JANUARY 2021–JUNE 2024
TABLE 286 SCHNEIDER ELECTRIC: DEALS, JANUARY 2021–JUNE 2024
TABLE 287 HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW
TABLE 288 HONEYWELL INTERNATIONAL INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 289 HONEYWELL INTERNATIONAL INC.: PRODUCT LAUNCHES, JANUARY 2021–JUNE 2024
TABLE 290 HONEYWELL INTERNATIONAL INC.: DEALS, JANUARY 2021–JUNE 2024
TABLE 291 ASSA ABLOY: COMPANY OVERVIEW
TABLE 292 ASSA ABLOY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 293 ASSA ABLOY: PRODUCT LAUNCHES, JANUARY 2021–JUNE 2024
TABLE 294 ASSA ABLOY: DEALS, JANUARY 2021–JUNE 2024
TABLE 295 SIEMENS: COMPANY OVERVIEW
TABLE 296 SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 297 SIEMENS: PRODUCT LAUNCHES, JANUARY 2021–JUNE 2024
TABLE 298 ASSA ABLOY: DEALS, JANUARY 2021–JUNE 2024
TABLE 299 AMAZON.COM, INC.: COMPANY OVERVIEW
TABLE 300 AMAZON.COM, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 301 AMAZON.COM, INC.: PRODUCT LAUNCHES, JANUARY 2021–JUNE 2024
TABLE 302 AMAZON.COM, INC.: DEALS, JANUARY 2021–JUNE 2024
TABLE 303 APPLE INC.: COMPANY OVERVIEW
TABLE 304 APPLE INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 305 APPLE INC.: PRODUCT LAUNCHES/ENHANCEMENTS, JANUARY 2021–JUNE 2024
TABLE 306 APPLE INC.: DEALS, JANUARY 2021–JUNE 2024
TABLE 307 ADT: COMPANY OVERVIEW
TABLE 308 ADT: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 309 ADT: PRODUCT LAUNCHES, JANUARY 2021–JUNE 2024
TABLE 310 ADT: DEALS, JANUARY 2021–JUNE 2024
TABLE 311 ADT: OTHER DEVELOPMENTS, JANUARY 2021–JUNE 2024
TABLE 312 ROBERT BOSCH: COMPANY OVERVIEW
TABLE 313 ROBERT BOSCH: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 314 ROBERT BOSCH: PRODUCT LAUNCHES, JANUARY 2021–JUNE 2024
TABLE 315 ROBERT BOSCH: DEALS, JANUARY 2021–JUNE 2024
TABLE 316 ABB: COMPANY OVERVIEW
TABLE 317 ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 318 ABB: PRODUCT LAUNCHES, JANUARY 2021–JUNE 2024
TABLE 319 ABB: DEALS, JANUARY 2021–JUNE 2024
 
 
LIST OF FIGURES (70 FIGURES)
 
FIGURE 1 SMART HOME MARKET SEGMENTATION AND REGIONAL SCOPE
FIGURE 2 SMART HOME MARKET: RESEARCH DESIGN
FIGURE 3 SMART HOME MARKET: RESEARCH APPROACH
FIGURE 4 SMART HOME MARKET: SUPPLY-SIDE ANALYSIS
FIGURE 5 REVENUE GENERATED FROM SALES OF SMART HOME SOLUTIONS
FIGURE 6 MARKET SIZE ESTIMATION: DEMAND-SIDE ANALYSIS
FIGURE 7 SMART HOME MARKET: BOTTOM-UP APPROACH
FIGURE 8 SMART HOME MARKET: TOP-DOWN APPROACH
FIGURE 9 SMART HOME MARKET: DATA TRIANGULATION
FIGURE 10 SMART HOME MARKET, 2020–2029 (USD MILLION)
FIGURE 11 DAYLIGHT SENSORS TO WITNESS HIGHEST GROWTH IN LIGHTING CONTROLS MARKET DURING FORECAST PERIOD
FIGURE 12 PROACTIVE SEGMENT TO REGISTER HIGHER GROWTH BETWEEN 2024 & 2029
FIGURE 13 SMART KITCHEN SEGMENT TO REGISTER HIGHEST GROWTH DURING FORECAST PERIOD
FIGURE 14 ASIA PACIFIC MARKET TO WITNESS HIGHEST GROWTH FROM 2024 TO 2029
FIGURE 15 GROWING NEED FOR ENERGY-SAVING AND LOW CARBON EMISSION-ORIENTED SOLUTIONS TO DRIVE MARKET
FIGURE 16 DAMPERS SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 17 INDIRECT SALES SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
FIGURE 18 SMART DISHWASHERS TO REGISTER HIGHEST GROWTH DURING FORECAST PERIOD
FIGURE 19 RETROFIT INSTALLATIONS TO WITNESS HIGH GROWTH BETWEEN 2024 & 2029
FIGURE 20 NORTH AMERICA TO HOLD LARGEST MARKET SHARE IN 2024
FIGURE 21 CHINA TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 22 SMART HOME MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
FIGURE 23 IMPACT OF DRIVERS ON SMART HOME MARKET
FIGURE 24 GLOBAL INTERNET USERS (BILLION)
FIGURE 25 IMPACT OF RESTRAINTS ON SMART HOME MARKET
FIGURE 26 IMPACT OF OPPORTUNITIES ON SMART HOME MARKET
FIGURE 27 IMPACT OF CHALLENGES ON SMART HOME MARKET
FIGURE 28 TRENDS/DISRUPTIONS INFLUENCING CUSTOMER BUSINESS
FIGURE 29 AVERAGE SELLING PRICE TREND FOR TOP PLAYERS, BY SMART LOCK
FIGURE 30 SMART HOME MARKET: VALUE CHAIN ANALYSIS
FIGURE 31 KEY PLAYERS IN SMART HOME ECOSYSTEM
FIGURE 32 US: SMART HOME STARTUP FUNDING
FIGURE 33 LIST OF MAJOR PATENTS RELATED TO SMART HOME, 2013–2023
FIGURE 34 IMPORT DATA FOR HS CODE 8517-COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (USD MILLION)
FIGURE 35 EXPORT DATA FOR HS CODE 8517-COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (USD MILLION)
FIGURE 36 SMART HOME MARKET: PORTER’S FIVE FORCES ANALYSIS
FIGURE 37 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY SALES CHANNEL
FIGURE 38 KEY BUYING CRITERIA, BY SALES CHANNEL
FIGURE 39 MAJOR APPLICATIONS OF AI INTEGRATION IN SMART HOME ECOSYSTEM
FIGURE 40 SMART HOME PROTOCOLS AND TECHNOLOGIES
FIGURE 41 GSM/HSPA NETWORK SETUP
FIGURE 42 WIRING FOR DALI FLUORESCENT DIMMING
FIGURE 43 LONWORKS NETWORK SETUP
FIGURE 44 WIRELESS COMMUNICATION TECHNOLOGIES
FIGURE 45 INDIRECT SALES SEGMENT TO HOLD LARGEST MARKET DURING FORECAST PERIOD
FIGURE 46 ENTERTAINMENT AND OTHER CONTROLS SEGMENT TO DOMINATE MARKET IN 2024
FIGURE 47 PROACTIVE OFFERING SEGMENT TO REGISTER HIGHEST GROWTH DURING FORECAST PERIOD
FIGURE 48 NEW INSTALLATIONS SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
FIGURE 49 NORTH AMERICA TO DOMINATE MARKET IN 2024
FIGURE 50 NORTH AMERICA: SMART HOME MARKET SNAPSHOT
FIGURE 51 EUROPE: SMART HOME MARKET SNAPSHOT
FIGURE 52 ASIA PACIFIC: SMART HOME MARKET SNAPSHOT
FIGURE 53 SMART HOME MARKET SHARE ANALYSIS, 2023
FIGURE 54 REVENUE ANALYSIS OF TOP PLAYERS IN SMART HOME MARKET, 2020–2023 (USD MILLION)
FIGURE 55 SMART HOME MARKET: COMPANY VALUATION AND FINANCIAL METRICS
FIGURE 56 FINANCIAL METRICS (EV/EBITDA), 2023
FIGURE 57 SMART HOME MARKET: BRAND/PRODUCT COMPARISON
FIGURE 58 SMART HOME MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023
FIGURE 59 SMART HOME MARKET: COMPANY FOOTPRINT
FIGURE 60 SMART HOME MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023
FIGURE 61 JOHNSON CONTROLS INC.: COMPANY SNAPSHOT
FIGURE 62 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
FIGURE 63 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
FIGURE 64 ASSA ABLOY: COMPANY SNAPSHOT
FIGURE 65 SIEMENS: COMPANY SNAPSHOT
FIGURE 66 AMAZON.COM, INC.: COMPANY SNAPSHOT
FIGURE 67 APPLE INC.: COMPANY SNAPSHOT
FIGURE 68 ADT: COMPANY SNAPSHOT
FIGURE 69 ROBERT BOSCH: COMPANY SNAPSHOT
FIGURE 70 ABB: COMPANY SNAPSHOT

 

 

The study involved four major activities in estimating the size of the smart home market . Exhaustive secondary research has been carried out to collect information on the market, the peer markets, and the parent market. Both top-down and bottom-up approaches have been employed to estimate the total market size. Market breakdown and data triangulation methods have also been used to estimate the market for segments and subsegments.

Secondary Research

Revenues of companies offering data center accelerator systems have been obtained from the secondary data available through paid and unpaid sources. The revenues have also been derived by analyzing the product portfolio of key companies, and these companies have been rated according to the performance and quality of their products.

In the secondary research process, various sources have been referred to for identifying and collecting information for this study on the smart home market share . Secondary sources considered for this research study include government sources, corporate filings, and trade, business, and professional associations. Secondary data has been collected and analyzed to arrive at the overall market size, which has been further validated through primary research.

Secondary research has been mainly used to obtain key information about the supply chain of data center accelerator systems to identify key players based on their products and prevailing industry trends in the smart home market share by product, offering, sales channel, and installation type, and region. Secondary research also helped obtain market information- and technology-oriented key developments undertaken by market players to expand their presence and increase their market share.

Primary Research

Extensive primary research has been conducted after understanding and analyzing the current scenario of the smart home market share through secondary research. Several primary interviews have been conducted with the key opinion leaders from the demand and supply sides across four main regions—North America, Europe, Asia Pacific, and the Rest of Europe. Approximately 25% of the primary interviews were conducted with the demand-side respondents, while approximately 75% were conducted with the supply-side respondents. The primary data has been collected through questionnaires, emails, and telephone interviews.

After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primary. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report. The breakdown of primary respondents is as follows:

Smart Home Market
 Size, and Share

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

Market Size Estimation

The bottom-up approach has been employed to arrive at the overall size of the smart home market share from the revenues of key players and their share. Calculations based on revenues of the key players identified in the market led to the estimation of the market’s overall size.

  • Approach to arrive at market size using bottom-up analysis (demand side)
  • Initially, over 25 companies offering smart home solutions were identified. Their offerings were mapped based on products, software, and services.
  • After understanding the different types of smart homes offered by various manufacturers, the market was categorized into different segments based on the data gathered through primary and secondary sources.
  • To derive the global smart home market share , global shipments of top players for each smart home device that were considered in the scope of the report were tracked.
  • A suitable penetration rate was assigned for each product type to derive the shipments of smart homes.
  • We derived the smart home market share based on different product types using the average selling price (ASP) at which a particular company offers its devices. The ASP of each device was identified based on secondary sources and validated from primaries.
  • For the projected market values of each device type, the Y-o-Y projections showed a steep growth initially until 2023. The market is expected to witness a sharp ascent after that, considering the demand for smart homes for different applications.
  • For the CAGR, the market trend analysis was carried out by understanding the industry penetration rate and the demand and supply of smart homes in different applications.
  • The smart home market share is also tracked through the data sanity method. The revenues of over 25 key providers were analyzed through annual reports and press releases and summed to derive the overall market.
  • For each company, a percentage is assigned to its overall revenue or, in a few cases, segmental revenue to derive its revenue for the smart home. This percentage for each company is assigned based on its product portfolio and range of smart home offerings.
  • The estimates at every level have been verified and cross-checked by discussing them with key opinion leaders, including CXOs, directors, and operation managers, and finally, with the domain experts at MarketsandMarkets.

Various paid and unpaid sources of information, such as annual reports, press releases, white papers, and databases, have been studied’

Smart Home Market
 Size, and Bottom-up Approach

The top-down approach has been used to estimate and validate the total size of the smart home Industry .

  • The global market size of smart homes was estimated through the data sanity of 25 major companies.
  • The growth of the smart home Industry witnessed an upward trend during the studied period, as it is currently in the initial stage of the product cycle, with major players beginning to expand their business into various application areas of the market.
  • Types of smart homes, their features and properties, geographical presence, and key applications served by all players in the smart home Industry were studied to estimate and arrive at the percentage split of the segments.
  • Different types of smart homes and their penetration for products were also studied.
  • Based on secondary research, the market split for smart homes by sales channel, offering, and installation type was estimated.
  • Multiple discussions with key opinion leaders across major companies involved in developing the smart home and related components were conducted to validate the market split of sales channel, offering, and installation type.
  • The regional splits were estimated using secondary sources based on factors such as the number of players in a specific country and region and the adoption and use cases of each implementation type with respect to products in the region.

Smart Home Market
 Size, and Top-Down Approach

Data Triangulation

After arriving at the overall market size-using the market size estimation processes as explained above-the market has been split into several segments and subsegments. To complete the entire market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from the demand and supply sides in the smart home Industry growth.

Market Definition

A smart home is incorporated with advanced automation systems that enable inhabitants to monitor and control the functions of the house. Smart home systems enable owners to control lights, heating, ventilation, and air conditioning (HVAC), security alarms, and other household devices remotely through their smartphones, tablets, or computers. Smart homes are equipped with wired and wireless communication technologies such as Wi-Fi, Bluetooth, universal powerline bus (UPB), Insteon, Z-Wave, and Zigbee to offer intelligent insights and details to homeowners by continuously monitoring various aspects of the homes. As part of the Internet of Things (IoT), smart home systems and devices often operate together, sharing consumer usage data and automating actions based on homeowners’ preferences.

According to Smart Home Energy, an association in the UK, smart homes use home automation technologies to provide homeowners with intelligent feedback and information by monitoring many aspects of a home. For example, a smart home’s refrigerator may be able to catalog its contents, suggest menus, recommend healthy alternatives, and order replacements as food is used up.

Key Stakeholders

  •  Raw Material and Manufacturing Equipment Suppliers
  • Automation and Control Vendors
  • Automation and Control Networking Technology Vendors
  • Real Estate Builders
  • System Integrators
  • Homeowners
  • Project Consultants
  • Designers/Consultants (HVAC, Security, and Fire and Safety)
  • Component Manufacturers (Sensors and Controls)
  • Home Management System (Products and Servers) Providers
  • Smart Home-related Associations, Organizations, Forums, and Alliances
  • Government Bodies Associated with Green Buildings

Report Objectives

  • To define, describe, segment, and forecast the smart home market, by product, offering, sales channel, and installation type, in terms of value
  • To forecast the market for products, in terms of volume
  • To describe the protocols and technologies used for smart home
  • To describe and forecast the market for various segments, with respect to four main regions: North America, Europe, Asia Pacific, and the Rest of the World (RoW), along with their respective countries, in terms of value
  • To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the smart home industry 
  • To provide a detailed overview of the smart home market’s supply chain, along with the ecosystem, technology trends, use cases, regulatory environment, and Porter’s five forces analysis
  • To analyze industry trends, pricing data, patents and innovations, and trade data (export and import data) related to the smart home
  • To strategically analyze the micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
  • To strategically profile the key players and comprehensively analyze their market shares and core competencies2
  • To analyze opportunities for stakeholders and provide a detailed competitive landscape of the market
  • To analyze competitive developments, such as product launches/developments, collaborations, partnerships, acquisitions, and research & development (R&D) activities carried out by players in the smart home Industry 

Available customizations:

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

  • Detailed analysis and profiling of additional market players based on various blocks of the supply chain
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
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Published ON
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