About Contact Us Careers
Sign In

Smart Home Market Trends

  • 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 Trends

Growth Drivers

  • Escalating internet of things (IoT) connectivity - The market for smart homes is expanding due to the widespread use of Internet of Things (IoT) devices. The way homes function has changed as a result of IoT's capacity to easily link and integrate diverse gadgets into daily life.

    IoT makes it possible for homeowners to live in a more practical and effective environment by enabling centralized control and automation. In 2019, sales of Internet of Things smart home devices are expected to reach USD 13 billion, and by 2022 it is estimated that they will be worth over USD 53 billion.
     
  • Energy efficiency and sustainability is considered a key trend in the industry - The worldwide trend in smart home adoption is driven by consumers' demand for energy savings and the responsibility to protect the environment. Innovative devices that not only reduce energy consumption but also contribute to a greener and more sustainable household are actively sought by consumers.

    Smart home technology provides easy control and energy management at the touch of a button. Smart thermostats provide both comfort and significant energy savings, given that US households spend more than 900 dollars a year on heating and cooling. The global smart home market is growing significantly due to increasing consumer demand for energy savings and the responsibility of protecting the environment.

Challenges

  • Growing cybersecurity threats - Cyber attacks pose a serious threat to the smart home market. The hijacking of smart devices enables hackers to control them, even if the user has no idea about it. Such a situation could lead to serious consequences, as attackers can use these devices to gain access to the entire smart home network in which sensitive information and security are at risk. In addition, the smart home ecosystem is very concerned with data leaks and identity theft.
  • Rising financial consideration to hamper the market in the upcoming period.
  • Compatibility issues between devices of different companies are set to hinder market growth in the forecast period

Smart Home Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

15.57%

Base Year Market Size (2024)

USD 140.25 billion

Forecast Year Market Size (2037)

USD 900.30 billion

Regional Scope
  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
Get more information on this report: Request Free Sample PDF
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.
Inquiry Before Buying Request Free Sample

Copyright © 2024 Research Nester. All Rights Reserved

logo
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying
Inquiry Before Buying Request Free Sample