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Smart Home Market Size

  • 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 Size

Smart Home Market size is anticipated to hold USD 900.30 billion by the end of 2037 expanding at a CAGR of 15.57% during the time period between 2025-2037. In the year 2024, the industry size of smart homes is evaluated at USD 140.25 billion. The growing concern for home safety and security is one of the factors behind the smart home market's immense growth. To improve consumer security and safety, a growing number of government institutions and groups are investing in smart devices.As an illustration of its increased commitment to tackling safety risks in the smart home industry, the British government committed GBP 400,000 in May 2020 to improve the security of smart consumer gadgets. 

Two major factors propelling the smart appliance industry are faster cooking times and better food quality. When it comes to multitasking, consumers give priority to time-saving features and look for appliances that improve cooking accuracy and efficiency. Furthermore, there is a huge possibility for development in incorporating food recognition technology into appliances like refrigerators and ovens, since this will satisfy customer demands for more sustainable and intelligent cooking.

To satisfy customer demands, smart kitchen appliances must always change, with functional improvements being crucial. This includes functions like energy-saving apps, helpful alerts, and Wi-Fi connectivity. Voice-activated stovetops, remote oven preheating, and smart microwaves with barcode readers and cooking instructions downloaded are a few examples of products now on the market.

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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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