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Smart Home Market Analysis

  • Report ID: 6059
  • Published Date: May 23, 2024
  • Report Format: PDF, PPT

Smart Home Market TOC

Part 01

  1. An Outline of the Global Smart Home Market
    1. Market Definition
    2. Market Segmentation
    3. Product Overview

Part 02

  1. Assumptions and Abbreviations

Part 03

  1. Research Methodology & Approach
    1. Research Process
    2. Primary Research
    3. Secondary Research

Part 04

  1. Summary of the Report for Key Decision Markers

Part 05

  1. Market Opportunities
    1. Product Type 
    2. Sales Channel

Part 06

  1. Major Roadblocks

Part 07

  1. Regulatory Landscape

Part 08

  1. Industry Risk Analysis

Part 09

  1. Value Chain Analysis

Part 10

  1. Regional Demand Analysis

Part 11

  1. Pricing Analysis

Part 12

  1. Analysis of Recent Developments

Part 13

  1. Analysis of Recent Technological Advancements

Part 14

  1. Industry Growth Outlook

Part 15

  1. Analysis on Recent Product Launches

Part 16

  1. SWOT Analysis

Part 17

  1. PEST Analysis

Part 18

  1. Product Analysis

Part 19

  1. Competitive Feature Analysis

Part 20

  1. Competitive Model: A Detailed Inside View for Investors
    1. Market share of major companies profiled in 2023
    2. Business Profile of Key Enterprises
      1. Johnson Controls,
        1. Detailed Overview
        2. Assessment of key offerings
        3. Analysis of growth strategies
        4. Exhaustive analysis of key financial indicators
        5. Recent developments and strategies
      2. Honeywell International Inc.
      3. Siemens
      4. Schneider Electric
      5. Amazon
      6. Apple Inc.
      7. ADT
      8. Robert Bosch Smart Home GmbH
      9. ABB
      10. Samsung
      11. Panasonic Corporation
      12. Hitachi, Ltd.
      13. Mitsubishi Electric
      14. NTT Docomo

Part 21

  1. Global Smart Home Market Outlook
    1. Market Summary
    2. Market Value (USD Billion) Current and Future Projections, 2024-2037
    3. Market Increment USD  Opportunity Assessment, 2024-2037
    4. Year-on-Year Growth Forecast (%)
    5. Global Smart Home Market Segmentation Analysis (2024-2037)
      1. By Product Type
        1. Lighting Control, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
        2. Security and Access Controls, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
        3. HVAC Controls, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
        4. Entertainment and Others, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
        5. Home Healthcare, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
        6. Smart Kitchen, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
        7. Smart Furniture, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
        8. Others, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F

Part 22

  1. North America Smart Home Market Outlook
    1. Outline of the Segment
    2. Detailed Overview
    3. North America Smart Home Market Segmentation Analysis (2024-2037)
      1. By Product Type
        1. Lighting Control, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
        2. Security and Access Controls, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
        3. HVAC Controls, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
        4. Entertainment and Others, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
        5. Home Healthcare, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
        6. Smart Kitchen, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
        7. Smart Furniture, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
        8. Others, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      2. By Sales Channel
        1. Direct Sales, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
        2. Indirect Sales, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      3. By Country
        1. US, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
        2. Canada, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F

Cross Analysis of Product Type w.r.t. Sales Channel (USD Billion), 2024-2037

Part 23

  1. Europe Smart Home Market Outlook
    1. Outline of the Segment
    2. Detailed Overview
    3. Europe Smart Home Market Segmentation Analysis (2024-2037)
      1. By Product Type
        1. Lighting Control, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
        2. Security and Access Controls, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
        3. HVAC Controls, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
        4. Entertainment and Others, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
        5. Home Healthcare, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
        6. Smart Kitchen, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
        7. Smart Furniture, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
        8. Others, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      2. By Sales Channel
        1. Direct Sales, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
        2. Indirect Sales, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      3. By Country
        1. UK, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
        2. Germany, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
        3. France, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
        4. Italy, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
        5. Spain, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
        6. BENELUX, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
      4. Russia, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
      5. Poland, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
      6. Rest of Europe, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F

Cross Analysis of Product Type w.r.t. Sales Channel (USD Billion), 2024-2037

Part 24

  1. Asia Pacific Excluding Japan Smart Home Market Outlook
    1. Outline of the Segment
    2. Detailed Overview
    3. Asia Pacific Excluding Japan Smart Home Market Segmentation Analysis (2024-2037)
      1. By Product Type
      2. Lighting Control, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      3. Security and Access Controls, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      4. HVAC Controls, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      5. Entertainment and Others, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      6. Home Healthcare, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      7. Smart Kitchen, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      8. Smart Furniture, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      9. Others, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
    4. By Sales Channel
      1. Direct Sales, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      2. Indirect Sales, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
    5. By Country
      1. China, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
      2. Malaysia, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
      3. India, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
      4. Indonesia, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
      5. South Korea, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
      6. New Zealand, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
      7. Singapore, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
      8. Australia, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
      9. Rest of APEJ, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F

Cross Analysis of Product Type w.r.t. Sales Channel (USD Billion), 2024-2037

Part 25

  1. Japan Smart Home Market Outlook
    1. Outline of the Segment
    2. Detailed Overview
    3. Japan Smart Home Market Segmentation Analysis (2024-2037)
      1. By Product Type
      2. Lighting Control, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      3. Security and Access Controls, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      4. HVAC Controls, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      5. Entertainment and Others, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      6. Home Healthcare, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      7. Smart Kitchen, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      8. Smart Furniture, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      9. Others, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
    4. By Sales Channel
      1. Direct Sales, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      2. Indirect Sales, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F

Cross Analysis of Product Type w.r.t. Sales Channel (USD Billion), 2024-2037

Part 26

  1. Latin America Smart Home Market Outlook
    1. Outline of the Segment
    2. Detailed Overview
    3. Latin America Smart Home Market Segmentation Analysis (2024-2037)
      1. By Product Type
      2. Lighting Control, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      3. Security and Access Controls, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      4. HVAC Controls, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      5. Entertainment and Others, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      6. Home Healthcare, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      7. Smart Kitchen, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      8. Smart Furniture, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      9. Others, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
    4. By Sales Channel
      1. Direct Sales, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      2. Indirect Sales, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
    5. By Country
      1. Brazil, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
      2. Argentina, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
      3. Mexico, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
      4. Rest of Latin America, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F

Cross Analysis of Product Type w.r.t. Sales Channel (USD Billion), 2024-2037

Part 27

  1. Middle East and Africa Smart Home Market Outlook
    1. Outline of the Segment
    2. Detailed Overview
    3. Middle East and Africa Smart Home Market Segmentation Analysis (2024-2037)
      1. By Product Type
      2. Lighting Control, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      3. Security and Access Controls, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      4. HVAC Controls, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      5. Entertainment and Others, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      6. Home Healthcare, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      7. Smart Kitchen, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      8. Smart Furniture, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      9. Others, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
    4. By Sales Channel
      1. Direct Sales, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      2. Indirect Sales, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
    5. By Country
      1. GCC, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
      2. Israel, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
      3. South Africa, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
      4. Rest of Middle East & Africa, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F

Cross Analysis of Product Type w.r.t. Sales Channel (USD Billion), 2024-2037

Smart Home Market Analysis

Product Type (Lightning Control, Security & Access Control, HVAC Controls, Entertainment, Home Healthcare, Smart Furniture)

Security & access control segment in the smart home market is estimated to cross USD 204.82 Billion by the end of 2037. The key components of the market are still security and access control, which accounts for a large part of this market share. This section contains a full range of options for homeowners who wish to safeguard their assets and set up secure living spaces.

Secure access control, which will keep us safe from attackers and other possible dangers, is one of the core elements of a smart home. Traditional home security systems such as physical keys, passwords, and PINs are examples of systems that are expensive and do not meet the needs of the customer in terms of security and convenience.

In addition to protecting our homes from unauthorized entry, simple and safe access with a biometrics security system can be made available for authorized users. Smart home security can be greatly enhanced by biometric solutions that use fingerprints, gaits, facial expressions, palm prints, and a combination of multiple biometrics.

 For example, in September 2022, Amazon.com Inc. introduced the Ring Spotlight Cam Plus, Ring Spotlight Cam Pro, and 2nd Gen alarm panic button which uses radar and 3D motion detection features for security and access control purposes.

Sales Channel (Indirect Sales, Direct Sales)

In smart home market, indirect sales segment is poised to exceed USD 603.93 Billion by the end of 2037. For many smart home products, indirect sales channels are the key to distribution. They offer manufacturers a more extensive reach and leverage the current retail infrastructure. Big box stores offer a broad range of smart home devices at competitive prices, reaching mass audiences and specialty electronic shops focus on high-end products with professional staff and the potential for bundling services.

A huge selection of smart home products from different brands is offered by giant online retailers such as Amazon and eBay, which are reaching a global audience. With a USD 1.7 billion offer for iRobot, the maker of smart Roomba vacuums, Amazon is making efforts to enter this new segment of intelligent homes.

Our in-depth analysis of the global market includes the following segments:

         Product Type
  • Lightning Control
  •  Security and Access Control
  • HVAC Controls
  •  Entertainment
  • Home Healthcare
  • Smart Furniture

         Sales Channel
  • Indirect Sales
  • Direct Sales
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Browse Key Market Insights with Data Illustration:

Author Credits:  Abhishek Verma


  • Report ID: 6059
  • Published Date: May 23, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The growth can be accounted for by the increasing IoT connectivity and energy efficiency & sustainability are key trends in the market.

The market size of smart homes is anticipated to attain a CAGR of 15.57% over the forecast period, i.e., 2024-2037.

The major players in the market are Amazon.com Inc., ADT, Robert Bosch Smart Home GmbH, ABB, Samsung Electronics Co Ltd, Panasonic Corporation, and others.

The indirect sales segment is anticipated to garner the largest market size by the end of 2037 and display significant growth opportunities.

The market in the Asia Pacific excluding Japan region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
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