Smart Home Market size by Product (Lighting Control, Security & Access Control, HVAC Control, Smart Speaker, Smart Kitchen, Smart Furniture), Software & Services, Sales Channel, and Region - Global Forecast to 2026
Global Smart Home Market Size
[490 Pages Report] The global smart home market is projected to USD 138.9 billion by 2026, growing at a CAGR of 10.4% during the forecast period.
Global Smart Home Market Share
The primary driving factor of the smart home market are increasing disposable income of people in developing economies, increasing importance of home monitoring in remote locations, increasing number of internet users and growing adoption of smart devices, growing concern about safety, security, and convenience among general population, expansion of smart home product portfolio by a large number of players, and growing need for energy-saving and low carbon emission-oriented solutions.
Smart Home Market Forecast to 2026
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Smart Home Market Ecosystem
Smart home market systems are built around a specific protocol or technology. They include both wired and wireless protocols. Different protocols also define the compatibility for different types of home automation control systems—on-premises (centralized connectivity) or cloud-based (remote connectivity). Suppliers provide hardware components, such as sensors, timers, and dimmers, for smart home systems.
The finished smart home product is distributed through a supply chain network. The supplier ecosystem and supply chain network depend on the type of smart home product manufactured and distributed. For instance, DIY smart home systems are often mass-produced and are available from a variety of third-party retailers. Luxury smart home systems, on the other hand, have exclusive distribution channels and are tailor-made to the client's needs.
Market Dynamics
Driver: Growing concern about safety, security, and convenience among general population
Smart homes market involve automating the entire home environment by means of a combined in-built monitoring system. The in-built monitoring system is also capable of controlling electronic, electrical, and security appliances from a single interface. Convenience, efficiency, safety, and security are the major factors that impact the acceptance of any technology. An automated (smart) home coordinates with security, temperature, lighting, and audio/video systems automatically to ensure safety, energy-saving, and convenience.
Smart home market products provide convenience as well as save time and effort required to perform household tasks. These systems are also more convenient than the existing manual systems. Security is a major focus of smart home systems. Advanced smart security systems can notify users, who are away from their home in case of intrusion; moreover, they provide room-by-room surveillance.
Access control systems play an important role in providing security to residential areas. These systems have evolved since their inception to provide efficient and user-friendly utilization. On the back of their capability to ensure high efficiency and sophistication, home automation and control systems are being deployed in smart homes to increase the level of security.
Restraint: Issues related to security and privacy breaches
A smart home market helps in gathering information regarding energy usage and bills, purchases, movements, and music preferences, among others, to enable its systems to be custom-built to best support the inhabitants’ lifestyle. Devices in a smart home may be vulnerable to common hacking tools. Since the data related to personal information, physical safety, medical care, and homes are stored virtually on the cloud, the possibilities of misuse of these data by hackers are high.
A hacked monitor could provide access to other personal data and information, which, in turn, could be used to victimize a user or a homeowner. The smart home industry is confronted with the challenge of assuring security and confidentiality of personal information to consumers. In the case of the remote control of security services, it is imperative to maintain the confidentiality of the information stored; the control of a network’s security systems cannot be compromised. This is expected to restrain market growth to an extent.
In addition to this, data generated by unprotected wearables and smart appliances provide cyber attackers with an ample amount of targeted personal information that can potentially be exploited for fraudulent transactions and identify theft. Smart device hijacking can potentially put the safety of an entire household in jeopardy. An attacker may hijack and effectively assumes control of a device. These attacks are quite difficult to detect because the attacker does not change the basic functionality of the device. Moreover, it only takes one device to potentially re-infect all smart devices in the home. For example, an attacker who initially compromises a thermostat can theoretically gain access to an entire network and remotely unlock a door or change the keypad PIN code to restrict entry.
Opportunity: Incorporation of lighting controllers with in-built data-connectivity technology
The lighting control market has witnessed considerable growth over the past few years. This market includes a considerable number of products such as dimmers, timers, occupancy sensors, daylight sensors, and relays. These products are used either independently or in an integrated form. They can be integrated with home automation systems through wired and wireless technologies. To enable their automated operations, lighting controllers have to be externally integrated with communication protocols. However, lighting control manufacturers are now manufacturing products with inbuilt data connectivity. These controllers can be operated directly, without external communication protocols and connectivity.
This is expected to create a considerable demand for such products, thereby creating opportunities for the players operating in the smart home market. The introduction of IoT as the backbone for connected lighting systems enables seamless communication, contextual services and data sharing between devices and is bringing radical changes to the industries by converging multitudes of vertical markets.
The introduction of LED-based systems enables increased control capabilities (e.g., switching and dimming) and reduced operational costs and energy consumption. Incorporating IoT and connectivity in lighting systems now creates yet another revolution and opens a plethora of new opportunities and value propositions. IoT technology is maturing quickly, which makes it economically feasible to connect each luminaire to the Internet. Hence, it is an excellent opportunity to establish the Internet of Lights, i.e., an advanced lighting system with IoT at its core.
Challenge: Difficulties linking disparate systems, limited functionality, and lack of open standards
Currently, the smart home market is fragmented, as many competing manufacturers are developing various smart home systems with different technologies. It is easy to integrate devices made by the same manufacturer or vendor; however, it is difficult to integrate disparate systems offered by different manufacturers or vendors. Integrating devices from disparate vendors often results in limited functionality and unreliable services. Further, many systems in the market have complex interfaces that limit the functionality of smart home systems.
As for deployment, the absence of interoperability foils adoption. Before users can get today’s home automation systems up and running, they must sift through a wide assortment of wireless technologies to identify the products that best meet their needs and work well within the system already in place. Hence, issues associated with linking disparate systems and the difficulty of integrating security systems are the major challenges faced by smart home device and control manufacturers.
Every manufacturer is now looking forward to adopting proprietary protocols and standards to gain a competitive edge in the market. This intense competition in the market is leading to a lack of developments in common standards and communication protocols, thereby hampering the growth of the market.
Entertainment and other controls segment is expected to hold high market share by 2026.
The entertainment and other controls segment is expected to hold the largest size of the market during the forecast period. The growth of the audio and volume control market is driven by the convenience offered by these controls for managing as well as controlling the entertainment systems within a house. The advancements in wireless communication technologies is a major factor boosting the growth of the home theater system control market, thereby driving the smart home market for entertainment control. The market growth of the other controls segment can be attributed to the high demand for smart meters and smoke detectors as well as the increasing popularity of smart plugs, smart hubs, and smart locks.
Asia Pacific smart home market to grow at highest CAGR during the forecast period
The market in APAC is expected to grow at the highest CAGR during the forecast period. The APAC region is home to major smart home manufacturers, namely, Samsung Electronics (South Korea), Panasonic (Japan), Haier Smart Home (China), LG Electronics (South Korea), and Sony (Japan), which always focus on technological innovations. Also, China, Japan, and South Korea are potential high-growth markets for smart home offerings.
Factors such as changing lifestyles, increasing disposable income, growing geriatric population, growing inclination toward smart building infrastructure in developing economies of the region, the presence of a huge customer base, and rapid technological advancements in smart home products are driving the growth of the market in APAC. Product launches and developments and acquisitions are expected to continue to be the major strategies adopted by these players to grow in the market.
Smart Home Market by Region
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Key Market Players
The smart home players have implemented various types of organic as well as inorganic growth strategies, such as new product launches, and acquisitions to strengthen their offerings in the market. The major players in the smart home market are Siemens (Germany), Johnson Controls (Ireland), Schneider Electric (France), ASSA ABLOY (Sweden), ABB (Switzerland), Amazon (US), Apple (US), ADT (US), 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 study includes an in-depth competitive analysis of these key players in the smart home market with their company profiles, recent developments, and key market strategies.
Smart Home Market Report Scope
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Report Metric |
Details |
| Estimated Market Size | USD 84.5 Billion |
| Projected Market Size | USD 138.9 Billion |
| Growth rate | CAGR of 10.4% |
| Market size available for years | 2017–2026 |
| Forecast Period | 2021–2026 |
| Top Companies in North America |
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| 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 Highlights
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Recent Developments
- In October 2020, Johnson Controls, the global leader for smart and sustainable buildings, launched a new flexible service suite for its customers in Asia Pacific. The new service suite leverages Johnson Controls OpenBlue1 digital technology to power remote and contactless services, in combination with its 130-years of expertise in green building services, with more than 20 unique, customizable options to cater to rising demands for adaptable, healthier, and safer buildings. These services with enhanced capabilities allow the remote monitoring and management of a comprehensive range of HVAC Controls, fire protection, and security services under any circumstances, including emergencies and during a pandemic.
- In October 2020, Apple collaborated with Gallaudet University to foster innovation in education. By virtue of this collaboration, every student and faculty member was equipped with a new iPad Pro, Apple Pencil, and Smart Keyboard Folio. Moreover, Apple gives students opportunities in technology after they graduate from Gallaudet. The Apple Carnegie Library, in Washington, D.C., holds several recruiting efforts with Gallaudet, and currently employs more than 30 team members of the deaf and hard of hearing community, many of whom are Gallaudet alumni.
- In September 2020, Siemens Smart Infrastructure (SI) launched its new RDG200 thermostat range for a healthy and productive indoor climate. Room automation is key for protecting and enhancing the occupants' health as well as increasing productivity for a safe return to work. The new range follows this approach and includes two digital thermostat variants for temperature and humidity control and advanced KNX communication between sensors and actuators to Siemens’ building management systems such as Desigo and Synco. This ensures good air quality while keeping the indoor climate under control. Designed for most commercial buildings, including hotels, offices, and educational buildings, the new RDG200 thermostats support all viable energy-saving strategies in rooms for cost-efficiency, including occupancy-based savings via presence detection, key-card reader, or system time program, as well as different setpoint limitations. With their modern design and the one-touch Green Leaf button, the new thermostats display the energy efficiency status and put the user in charge of energy savings.
- In September 2020, Bosch and SAP entered into a strategic partnership aimed at simplifying digital corporate processes. The partners’ objective is to further develop a digital industrial standard that governs, for example, the exchange and usage of company data along the value chain. This harmonizes and further automates processes, both within and between companies, thus achieving substantial efficiency gains.
- In August 2020, ADT, a leading provider of security and smart home solutions, and Google entered into a long-term partnership to create the next generation of smart home security offerings. The partnership integrated Google’s hardware and services and ADT’s DIY and professionally installed smart home security solutions to innovate the residential and small business security industry. The future ADT + Google helpful home security solution is expected to advance smart home offerings and attract new consumers seeking premium technology, end-to-end smart home service, and trusted security.
Frequently Asked Questions (FAQ):
What are the key technologies of the smart home market?
Integration of artificial intelligence (AI) with smart home systems penetration of 5G in industrial manufacturing, integration of IoT and cloud connectivity with smart home devices, and adoption of adaptive learning technology to enhance capabilities of HVAC control devices are the key technologies changing the smart home landscape throughout the world.
How Industrial IoT will drive smart home market?
The concept of smart homes can be transformed with the integration of IoT services and cloud computing, by embedding intelligence into sensors and actuators, networking of smart things using corresponding technologies, facilitating interactions with smart things using cloud computing for easy access in different locations, increasing computation power, storage space and improving data exchange efficiency.
Which Companies leading the smart home market?
Honeywell (US), Siemens (Germany), Schneider Electric (France), Johnson Controls (Ireland), and ASSA ABLOY (Sweden) are the top 5 players in the smart home market.
Are smart homes secure?
Security is a major focus of smart home systems. Advanced smart security systems can notify users, who are away from their home in case of intrusion; moreover, they provide room-by-room surveillance. Access control systems play an important role in providing security to residential areas. These systems have evolved since their inception to provide efficient and user-friendly utilization. On the back of their capability to ensure high efficiency and sophistication, home automation and control systems are being deployed in smart homes to increase the level of security.
What devices typically go into a smart house?
Smart home products find applications in almost all devices, including HVAC, lighting, entertainment, home appliances, kitchen, and healthcare, within a house. Lighting controllers such as dimmers, timers, switches, and sensors enable homeowners to keep a check on the lightings within the household. Energy management products such as HVAC controls, smart thermostats, smart meters, and smart plugs enable consumers to check the electricity consumption within the household using different mediums. The smart home industry has also been successful in providing automated features for entertainment and security devices within the household.
What are smart home security systems?
Security and access control systems have become an integral part of the safety and security of home occupants. These systems have revolutionized home security and removed human intervention. These are installed to increase the security level, monitor activities, and keep records of people entering and exiting the building. Homeowners are investing in reliable and robust security systems for safeguarding their homes. The demand for home security solutions is growing rapidly because of various factors, such as technological advancements, rise in crime rates, the need to monitor senior citizens and children at home.
Why is there such a demand for smart home devices?
A smart home refers to a residence equipped with computing and information technology devices, which anticipate and respond to the needs of the residents. These homes ensure the owners’ comfort, convenience, security, and entertainment through upgraded technologies within homes. The concept of smart homes has been in existence for a long time; presently, the smart home market is characterized by a number of developments and is subject to various regulatory norms. Smart homes include automated devices for applications such as security and access control, lighting control, HVAC control, entertainment control, home healthcare, smart kitchen, and home appliances, which can be monitored remotely.
Why smart devices in homes is a serious threat to privacy?
A smart home helps in gathering information regarding energy usage and bills, purchases, movements, and music preferences, among others, to enable its systems to be custom-built to best support the inhabitants’ lifestyle. Devices in a smart home may be vulnerable to common hacking tools. Since the data related to personal information, physical safety, medical care, and homes are stored virtually on the cloud, the possibilities of misuse of these data by hackers are high.
How big is the smart home market in the UK?
The UK held the largest share of the smart home market in Europe. This can be attributed to the construction industry in the UK as well as the combined efforts from the government and citizens alike to promote reduced carbon emissions and conservation of energy. The UK is at the forefront of the adoption of smart homes related products. The government has also prioritized the issue of fire accidents and safety and has formed certain objectives regarding infrastructure investment to meet this demand. The UK has experienced a noticeable increase in the use of surveillance systems as well and is one of the global leaders in the use of video surveillance equipment in most public premises
How big is the smart home market in the North America?
North America is expected to capture the largest share of the global smart home market by 2026. It is home to some of the prominent smart home market players, including Honeywell (US), Ingersoll-Rand (US), Johnson Controls (US), Lutron Electronics (US), Acuity Brands (US), and Crestron Electronics (US). Factors such as the increased demand for reliable home energy management systems, enhanced home security levels, improved device standards, and the growth in popularity of integration of smart devices, such as tablets, smartphones, and standalone voice assistants, in homes, drive the market in North America. The number of smart homes in North America, especially in the US, is higher than that in any other region in the world. Thus, the market in this region is expected to grow at a steady pace during the forecast period.
What is bottleneck in the adoption of smart homes?
Difficulties linking disparate systems, limited functionality, and lack of open standards, risk of device malfunctioning, and compatibility issues between devices of different companies are some other challenges in smart home market space.
How soon will smart home technology become mainstream?
The global smart home market is expected to grow exponentially in the near future. The significant traction for smart homes all over the world can be attributed to the sense of comfort, safety, and convenience they provide. North America is expected to be the leading shareholder in the smart home market during the forecast period.
How will AI impact the smart home market in near future?
Smart home and artificial intelligence technologies are developing rapidly, and various smart home products associated with artificial intelligence (AI) are proving beneficial towards improving the quality of living for occupants. AI functions in smart homes can be clustered into 6 areas, namely, activity recognition, data processing, voice recognition, image recognition, decision-making, and prediction-making. In the context of activity recognition, smart home devices can recognize human activity with the help of AI. It analyzes sensor data to detect an entity’s actions and raises an alarm if there is abnormal activity.
How to use machine learning in smart homes?
M2M refers to all forms of technologies that allow two or more machines of the same type, other than smartphones and tablets, among others, to communicate with each other via wired or wireless connectivity. Smart appliances that are currently available in the market have the ability to connect with smartphones and tablets via wired or wireless connectivity technologies. However, these appliances are likely to share information in the form of data with each other in the future. Some of the big players such as Samsung Electronics (South Korea), LG Electronics (South Korea), and Sony (Japan) have projected that future home appliances, ranging from alarm clocks to washer dryers, will communicate with each other and work in tandem; TV screens and windows would sense users’ movements and adjust their settings accordingly. Thus, M2M communication is expected to pave new growth avenues for the market for smart home appliances.
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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 INDUSTRY 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 SMART HOME 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 SMART HOME 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 SMART HOME 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 SMART HOME 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 SMART HOME 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 SMART HOME 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 SMART HOME 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 SMART HOME 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 SMART HOME 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 SMART HOME 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 SMART HOME 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 SMART HOME 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 SMART HOME 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 SMART HOME 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 SMART HOME 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 SMART HOME 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 SMART HOME 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 SMART HOME 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.
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.
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)
Growth opportunities and latent adjacency in Smart Home Market
Need to understand about market share analysis.
On this report - is it possible to get a market forecast and other commentary on the Middle East region?
What is the market size of the Middle-East smart home market?
Will Google and Amazon or any other big player enter the market for central controlling device of the smart home, are players like alarm.com on their way out?
I would like to get an overview of the heating/cooling, security, connected care and remote diagnostics of the smart home market.
Looking specifically at Security & Access Control, HVAC, Entertainment in US markets and growth trends technology diffusion, learning curves and competition, and IP analysis.
Hi, I'd like to learn more about the smart home market, including its market size and growth trend, details of different product categories and strong players in this domain. I would appreciate a lot if you can provide me a sample of this report.
Does this report provide data on any new industries that consumers have indicated an interest in for smart home technologies, such as lawn and garden or outdoor living/spaces?
I am looking at a few different markets and I am hoping for at least the following questions: I am looking for the following items in order from most important to least important. 1: Forecast 3-5 years through 2025 (Units and Revenue) broken down by country: US, Canada, France, Belgium, UK, Netherlands (all of Europe) 2: 2019 actuals by competitor share 3: Historical (2017, 2018).
Dear Sir, we're on the process of working on smart home market now. Can we get market research report example from your side.
I would like to obtain projections for the investments in the smart homes market in Europe and possible projections of human resources involved in the smart homes field (graphics with these information's if possible).
Hi, we are particularly interested in smart lock market size and penetration rate of different countries, do you got any report suitable for this?
I am extremely fascinated by the idea of smart homes as it is a way forward for the construction & designing industry. I am planning to setup a venture in this space, and for that I wish to do a thorough and detailed research about its market share, customer requirements and future prospects.
Hi, I am interested to know about the reform in our industry. Especially the development of new innovations that can help provide additional value to customers.
In case of market analysis, we would like to understand this market before launching our SaaS solution.
I'd like to know the market segmentation and in particular anything about the smart homes in the bathroom.
I am an MBA student and as part of my final project I am researching the smart home and smart home security industry. I came across this report in my search and think it would be beneficial to my research. I cannot afford to pay for this report, but would appreciate a sample PDF or a full copy.
I am interested to know about this market. This is purely for individual curiosity, not a business interest at this time.
Looking to understand viability of installation and customization services company for the smart home market in greater LA. Is there demand for these services today?
Looking to understand viability of installation and customization services for smart home market in North America. What is the current demand for these services?
I'm thinking of setting up a smart home products company and I needed some data to understand consumers. Would be great if you could share a sample that's more geared towards consumer personals / profiles.
Dear Team Members, I would like to find out, if you could sell us the report for the UK market only. If so, what would be the price?
Need information on Smart Home Market by Product especially for Air Quality surveillance including Temperature, Humidity and air pollutants like PM2.5, VOCs, Ozone etc.
Writing my thesis on voice interaction in the smart home and would like to get a free sample of the report if possible.
I will be looking at:* UK Specific Smart home market data only* The ability to look at lock penetration by market segment* The ability to understand lock type sold in volumes* To understand ideally, who is selling these locks* To understand/confirm the route to market for these.This will allow me to propose market opportunities for our existing solutions and proposals for those we need to develop further.
Our team is evaluating investment opportunities in the space and is analyzing whether this is a market thematic to pay attention to. Kindly clarify about your report scope.
Interest in smart thermostat and home surveillance markets. Particularly NEST products and competitor products
Looking for quality market data on smart home space, as well as additional specifics around the smart lighting sub-category.
I want to write a paper on which company is the most important firm in Home IoT, with its key local suppliers or intermediaries information. I also require a brief initial description of the kind of governance structure that characterizes home IoT industry.
I wish to use the information presented in the article for research on the smart home market as part of a bachelor's project.
Our company is building an IoT platform, and smart home is the most important part of IoT project. So we want to download this article and learn more about marketing information.
Hello, could you pls send me the pdf brochure of Global forecast of Smart home market in the next 3-5years?
Specifically interested in a deep dive of the home appliance segment, with a further deep dive of the smart components used within each category. Services are also an area of interest, as there is potential for revenue models based on this.
Need to identify addressable market, related to numbers of connected appliances and know about estimates for software market size.
I'm starting a smart home construction business and looking for information on the smart homes market segmentation in South Africa.
I am a tech industry journalist. I would like the whole report if possible to extract a few items from.
Interested in smart home market for internet service providers in 2016-2022. Need to know market trends for applications for safety &security and entertainment.
I am currently reviewing an investment opportunity for major corporations in this sector. Need general market trends.
I'm conducting consult study for a government agency and writing report for construction road map. So I need global market forecast about Smart Home.
I am a student studying MBA and I am interested in this report which can help me in my project assignment. It would be grateful if you could provide the report free of cost for my project.
My company will launch the new product line, smart home products and we want to extend oversea market and need to understand about the market.
I am interested to get samples of: Smart Home Market by Lighting Control (Timer, Daylight Sensor, Occupancy Sensor) - Security & Access Control - HVAC - Entertainment - Home Healthcare - Smart Kitchen.
Just looking for projected market size to calculate building industry growth for a school assignment.
We are a startup in Smart Homes and would love to understand the market a little better - we don't have the scale to afford the full report but start with the sample and then hopefully as we scale and can afford the full report in some time.
We need to understand about the research methodology used by MarketsandMarkets for market size calculation?
I am interest in product analysis and global forecast, especially for the market in America and Canada.
Market penetration of smart homes potential for Turkey region.
I'm looking for data about smart refrigerators (or household products) and how many people use them now and plan to use in the future. I'm preparing press release about Korean company which cooperates with my Client and this data will be helpful to make my article more interesting.
To The Team of Markets and Markets. What we are looking for the facts & figures that will tell us how many smart homes are built in India and what is the percentage of that compared to the total number of homes built in the country (a region-specific report would be very useful). The report should also include general trends and other related statistics, the key market players, and also the possible impact of the home automation phenomenon on builders, system integrators and other middle players/ channel partners. Please let us know if such report is available and what is the price of the same.
Our product line engage with smart home automation devices, all parts and functionality therein; and we are interested in the following sections: 1. Who are the prime distributor of smart home systems in Dubai, Europe, and emerging cities in Russia 2. Who are the major integrators, building supplier/contractors for residential buildings, hotels, and or business centers in Dubai, Europe.
Dear MarketsandMarkets Team, I am a student and in one subject we have to generate business model for a start-up idea for active assisted living. Thus, we also have to come up with a market analysis and I think that the reports could be used as a reliable source because of your expertise. Since I am a student, I cannot buy all the reports I would like to have, therefore I only can ask you if you would be so kind to offer me this report.
Hi, I am very interested in learning more about Smart Home report or anything that you may have that's specific to the North America market. We are looking to learn more about the industry and would like to discuss what your report entails.
Dear Markets and Markets Team, for my dissertation in Marketing Management in Turin (Italy), I need some information and statistic data about trend of Smart Home Market.
Need to know about market scenario for commercial/residential security systems CCTV (commercial/residential) systems, access control (commercial/residential systems), and fire (commercial) systems.
We would like to know which are smart gateway major players and overall units shipped.
I'm looking to get a better understanding of the your smart home market definition, as well as an understanding of for which segment the key growth is expected over the next few years. We're trying to ascertain the relevance of standalone product sales vs. bundled subscriptions, and which will more greatly influence projected growth.
We are interested in smart home control and engineering automation systems.
We are interested in intelligent buildings management system.
Client is looking for some clarification on market numbers and trends.
I am interested in how the Smart Home Market and market scenario of Europe region.
Need market analysis of smart home products in China. Who are the main players, what is the size of the market.
Need to understand about the market scope and coverage.
I belong to the group that makes an international study on request of government agencies. The aim of the study is to investigate how new smart technology solutions and innovations as well as the ongoing process of digitalization of services could support and facilitate independent and safe living at home for older people. It is also essential to consider the international context and cooperation. The research consortium will interview expert in companies and research institutions/universities and make e-mail surveys in order to collect the necessary date for study. This involves several countries (Denmark, the Netherlands, USA and Japan) and will be carried out between June 2020 and December 2020.
Need to know about market growth rate, key global service providers for the smart home market, and key smart home device manufacturers.
Hi greetings! I have seen that you have analyzed Schneider Electric. Is there a possibility to just get total information about them, instead of this report ?. Waiting for your response.
Hi, I am looking at a subset of this report. My only interest and focus is on Smart Thermostats and nothing else. What would be the cost for sub section of this report that only includes information on smart thermostats?
For personal knowledge I would like to understand the current size of the smart home market and its predicted future growth.
I would like to buy smart home market sample report. Can u send me via e-mail? This is for study of market insight in general.
Dear Team Members, we are group of three students of eMBA program and we are making a master project on Smart Home Renovation Solutions. Your market report may be useful in our work. Would it be possible to buy it with any discount?
I'm writing a story about practical home gadgets, like fitness gadget MIRROR, smart fridges, robotic lawnmowers, etc. I'd love to chat with an expert about industry trends.
We need to know more about the Smart Home. We need to get information on market for smart kitchen and home appliances.
I want some parts of this report for a school study. In fact, I study in an engineering school and I have to do a project of enterprise creation in home automation.
Need details on Smart Home Market by Product (Lighting Control (Timer, Daylight Sensor, Occupancy Sensor), Security & Access Control, HVAC, Entertainment, Home Healthcare and Smart Kitchen), Software & Service (Behavioral, Proactive), and Geography - Global Forecast to 2022
Focusing on investment and M&A opportunities in the Smart Home, Connected Home, Home Automation and IoT (residential/home) space. Looking at research sources to support investment strategies.
I am interested in understanding the overall market my company is in and make recommendations if needed.
Hello, I am a first year master's degree student. Please could you send me the sample of the marketing study case by email (I'm very interested in the "Smart Kitchen").
Good Evening, I am a Master's student, writing my dissertation about an evaluation of the smart home market. I was wondering if I could get free access to this report to include it in my academic research.
This is a new industry for me, so I wonder if I can obtain more information about it. I appreciate it if you could send me a copy.
The robot that we offer is also incorporated with Alexa speaking interaction. Need to know how smart home devices will help us to understand our go to market strategies.
I am currently writing a thesis about Smart Homes and it would be very valuable to get the insights from this study.
I'm interested in topline numbers for the development of the smart home market across Europe for an article I'm writing. What is the current European position in terms of smart homes devices shipped in 2018 and where those to numbers will go by 2025.
We are analyzing an opportunity in the smart home space and would like to better understand the breakdown of the smart home marketing by category.
Interested to know about market size for energy management devices for consumer consumption?
We are hoping to understand who are the major companies in each of the product categories, preferably with sales figures.
Need information on Smart home Lighting control Smart Kitchen, Security, Access Control Software & Service .
Need information on smart home IoT barriers. Education and benefit value proposition are real barriers to market penetration.
Need to know about upcoming market trends and their effects.
Need to know about market scenario for connected lighting - lighting's role and place in a smart home, consumer insights, expectations, and demand.