Global Smart Homes Technology Market: Insights and Forecast, 2018-2024

Global Smart Homes Technology Market: Insights and Forecast, 2018-2024

Emphasis on Application (Safety and Security, Smart Appliances, Heating Ventilating, Air Conditioning (HVAC), Home Entertainment, Smart Lighting Systems, Smart Energy Management), Technology (Wireless and Wired Smart Home Technology), End-Users (Residential and Commercials End-Users)

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Published: Dec-2018

Pages:243

Table:78

Figure:163

Report ID:UMAI18135

The Global Smart Home Market stood at US$ 32,171 million in 2017 and is expected to grow at a CAGR of XX.0% during the forecast period 2018-2024. Some of the factors driving the growth of the market includes, increasing awareness among consumers, rapid digitization, and high penetration of smartphones, stringent governmental regulations on energy consumption & emission, and increased demand of smart home energy management system. Moreover, swelling aging population has also created ample room for the smart revolution in the healthcare sector. However, consumer’s concern regarding data security, complex installation paired with the high price of smart home appliances are some of the factors which are acting as some of the complex challenges, that are hampering the growth of the smart home industry. In spite of such challenges, the potential growth for telecom operators, insurance providers and emerging business opportunities especially in the Asia Pacific region are anticipated to attract global players to invest and come up with technologically advanced home appliances products.

Key Characteristics of Smart Home Devices


Penetration rate of smart appliances is estimated to occupy a prominent share of 25.3% in the overall market.”

Global smart home industry can be segmented across different areas of application which encompasses safety & security, lighting, HVAC, entertainment, smart appliances, and energy management among others. At present, the penetration rate of smart appliances is estimated to occupy a prominent share of 25.3% in the overall market. These application areas are likely to be among the top trends during the forecast period with the change in consumer preferences and promotional marketing of lighting and HVAC appliances.

“Amongst the end users, residential segment holds the major share in the global smart home market”

Moreover, the market is further bifurcated into the various end-users, wherein the residential segment holds the prime share in the global smart home market. With the rapid advancement in technologies, changing lifestyles and rising disposable income of the consumers, mid-range apartments/houses are likely to rule the smart home market by 2024, followed by luxury villas and apartments. Mid-range apartments/houses segment of residential smart home market generated a revenue of US$ 9,486.6 million in 2017. In addition, among commercial end users segment, hospitals conquered the market by occupying the lead share in the market, hotels would display the maximum CAGR growth of 27.3% over the forecast period in the respective market.

“Asia-Pacific region is expected to witness the highest growth during the analyzed period”

For a deep dive analysis of the industry, the study is conducted across five regions, including North America, Europe, Asia Pacific, Middle East and North Africa (MENA) and Latin America. North America plays chief role in the technological market due to first mover advantage. Increasing demand for smart devices, high penetration of smartphone & internet, and stringent regulations on energy consumption has helped North America to dominate the smart home market in the current scenario. Owing to this, North America smart home market was valued at US$ 17.272.2 million in and is estimated to register reasonable compounded growth of 18% over the analyzed period. However, Asia-Pacific region, owing to increasing disposable income paired with government initiative, is expected to witness the highest growth during the analyzed period.

Competitive Landscape-Top 20 Market Players


Some of the major players analyzed during the study include, Haier Electronics, ABB Limited, Acuity Brands, Inc., AMX, LLC, ASSA ABLOY, Cisco Systems, Inc., Control4 Corporation, Crestron Electronics Inc., Deutsche Telekom AG, Emerson Electric Co., General Electric Company, Samsung Electronics Ltd, Honeywell International Inc., IBM Corporation, LG Electronics Inc., Monitronics International Inc., Schneider Electric S.E., Siemens AG, United Technologies Corporation, and Vivint Inc. These companies have the ability to pool in investment from their other business to the smart home market and come up with innovative products pertaining to the increasing demand for smart home appliances.

Reasons to buy:


  • The report presents a quick review of overall industry performance at one glance
  • The report covers in-depth analysis of prominent industry peers with primary focus on key business financials, product portfolio, expansion strategies and recent developments
  • Detailed examination on drivers, restraints, key trends and opportunities prevailing in the industry
  • Examination of industry attractiveness with the help of Porter’s Five Forces analysis
  • The study comprehensively covers the market across different segments and sub segments
  • The report presents deep dive regional level analysis of the industry

The smart home market study presents the current market size, trend, and forecast until 2024. The analysis presented in the report is a combination of deep dive secondary research and input from Key Opinion Leader of the industry

Customization Options:


UMI understands that you may have your own business need, hence we also provide fully customized solutions to clients. The Global Smart Home Market can be customized to regional/country level or any other market segment.  

           
  1 MARKET INTRODUCTION
    1.1 Market Definition
    1.2 Objective of the Study
    1.3 Limitation  
    1.4 Stakeholders
    1.5 Currency used in the Report
  2 RESEARCH METHODOLOGY OR ASSUMPTION
    2.1 Research Methodology for Smart Home Technology Market
      2.2.1 Main objective of the Smart Home Technology Market Study
  3 INDUSTRY PERFORMANCE
  4 EXECUTIVE SUMMARY
  5 MARKET OVERVIEW
    5.1 General Overview of Smart Home Market
      5.1.1 Pricing Analysis of Smart Home Appliances, by Type of Cost
    5.2 Market Dynamics
      5.2.1 Increasing Awareness of Advanced Technology among Consumers
      5.2.2 Increasing Penetration of Smartphones and internet, especially in APAC Region
      5.2.3 Proliferation of Internet of Things, especially in the Emerging Region’s
      5.2.4 Surging Disposable Incomes and Urbanization
      5.2.5 Growing Demand for Smart Home Energy Management System
      5.2.6 Development of Interconnectivity Across Platforms and Devices
    5.3 Market Restraints
      5.3.1 Concerns Regarding Privacy and Hacking
      5.3.2 Complex Installation and High Price of the Smart Home products
    5.4 Opportunities in the Market
      5.4.1 Scope for Insurance companies
      5.4.2 Growth opportunity for Telecom Operators
      5.4.3 Emerging Business Opportunities in Asia-Pacific
      5.4.4 Restoring Independence for Elders
    5.5 Factor Analysis
      5.5.1 Demand & Supply Side Analysis
      5.5.2 Major Development & Investments in the Smart Home Market
      5.5.3 Major development and new Start-ups
      5.5.4 Top Investor in the Smart Home Market
  6 MARKET INSIGHTS, BY APPLICATIONS
    6.1 General Overview
      6.1.1 Safety and Security
      6.1.2 Smart Appliances
      6.1.3 Heating Ventilating, Air Conditioning (HVAC)
      6.1.4 Home Entertainment
      6.1.5 Smart Lighting Systems
      6.1.6 Smart Energy Management
  7 SMART HOME MARKET INSIGHTS, BY TECHNOLOGY
    7.1 General Introduction
    7.2 Wireless Smart Home Technology
      7.2.1 Wi-fi Technology
      7.2.2 Bluetooth Technology
      7.2.3 ZigBee Technology
      7.2.4 Z- Wave Technology
      7.2.5 Other Wireless Technology
    7.3 Wired Smart Technology
      7.3.1 Ethernet Technology
      7.3.2 Power Line Communication
      7.3.3 Fiber to Home Technology
      7.3.4 Other Wired Technology
  8 SMART HOME MARKET INSIGHTS, BY END-USERS
    8.1 General Overview
    8.2 Residential End-Users
      8.2.1 Luxury Homes
      8.2.2 Mid-Range Apartments/Homes
      8.2.3 Assisted Homes
      8.2.4 Low Energy Homes
    8.3 Commercial End-Users
      8.3.1 Smart Hotels
      8.3.2 Smart Hospitals
      8.3.3 Other Commercial Buildings
  9 SMART HOME MARKET INSIGHTS, BY REGION
    9.1 General Introduction
    9.2 North America Smart Home Market
      9.2.1 North America Smart Home Market, by Application
      9.2.2 North America Smart Home Market, by Technology
        9.2.2.1 North America Smart Home Market, by Wireless Technology
        9.2.2.2 North America Smart Home Market, by Wired Technology
      9.2.3 North America Smart Home Market, by End -Users
        9.2.3.1 North America Residential Smart Home Market, by Type of Buildings
        9.2.3.2 North America Commercial Smart Home Market, by Type of Buildings
    9.3 European Smart Home Market Insights
      9.3.1 Europe Smart Home Market, by Application
      9.3.2 Europe Smart Home Market, by Technology
        9.3.2.1 Europe Smart Home Market, by Wireless Technology
        9.3.2.2 Europe Smart Home Market, by Wired Technology
      9.3.3 Europe Smart Home Market, by End -Users
        9.3.3.1 Europe Residential Smart Home Market, by Type of Buildings
        9.3.3.2 Europe Commercial Smart Home Market, by Type of Buildings
    9.4 Asia-Pacific Smart Home Market Insights
      9.4.1 Asia Pacific Smart Home Market, by Application
      9.4.2 Asia Pacific Smart Home Market, by Technology
        9.4.2.1 Asia Pacific Smart Home Market, by Wireless Technology
        9.4.2.2 Asia Pacific Smart Home Market, by Wired Technology
      9.4.3 Asia Pacific Smart Home Market, by End -Users
        9.4.3.1 Asia Pacific Residential Smart Home Market, by Type of Buildings
        9.4.3.2 Asia Pacific Commercial Smart Home Market, by Type of Buildings
    9.5 Middle East & North Africa (MENA) Smart Home Market Insights
      9.5.1 MENA Smart Home Market, by Application
      9.5.2 MENA Smart Home Market, by Technology
        9.5.2.1 MENA Smart Home Market, by Wireless Technology
        9.5.2.2 MENA Smart Home Market, by Wired Technology
      9.5.3 MENA Smart Home Market, by End -Users
        9.5.3.1 MENA Residential Smart Home Market, by Type of Buildings
        9.5.3.2 MENA Commercial Smart Home Market, by Type of Buildings
    9.6 Latin America Smart Home Market Insights
      9.6.1 Latin America Smart Home Market, by Application
      9.6.2 Latin America Smart Home Market, by Technology
        9.6.2.1 Latin America Smart Home Market, by Wireless Technology
        9.6.2.2 Latin America Smart Home Market, by Wired Technology
      9.6.3 Latin America Smart Home Market, by End-Users
        9.6.3.1 Latin America Residential Smart Home Market, by Type of Buildings
        9.6.3.2 Latin America Commercial Smart Home Market, by Type of Buildings
  10 COMPETITIVE SCENARIO
  10.1 Porter’s Five forces analysis
    10.1.1 Bargaining Power of Suppliers
    10.1.2 Bargaining Power of Buyers
    10.1.3 Threat of New Entrants
    10.1.4 Threat of Substitutes
    10.1.5 Intensity of Rivalry
  10.2 Global Smart Home Market Share Analysis, 2017
    10.2.1 Smart Safety & Security Market Share, by Company 2017
    10.2.2 Smart Home Entertainment Appliances Market Share, by Company 2017
    10.2.3 Lighting & Control System Market Share, by Company 2017
    10.2.4 Smart Thermostats & Home Appliances Market Share, by Company 2017
  11 COMPANY PROFILES
    11.1 Haier Electronics
      11.1.1 Key Facts
      11.1.2 Business Description
      11.1.3 Key Product/Services Offerings
      11.1.4 SWOT Analysis
      11.1.5 Key Financials
        11.1.5.1 Revenue Split
      11.1.6 Recent Developments
    11.2 ABB Limited
      11.2.1 Key Facts
      11.2.2 Business Description
      11.2.3 Key Product/Services Offerings
      11.2.4 SWOT Analysis
      11.2.5 Key Financials
        11.2.5.1 Revenue Split
      11.2.6 Recent Developments
    11.3 Acuity Brands, Inc.
      11.3.1 Key Facts
      11.3.2 Business Description
      11.3.3 Key Product/Services Offerings
      11.3.4 SWOT Analysis
      11.3.5 Key Financials
        11.3.5.1 Revenue Split
      11.3.6 Recent Developments
    11.4 AMX, LLC  
      11.4.1 Key Facts
      11.4.2 Business Description
      11.4.3 Key Product/Services Offerings
      11.4.4 SWOT Analysis
      11.4.5 Recent Developments
    11.5 ASSA ABLOY
      11.5.1 Key Facts
      11.5.2 Business Description
      11.5.3 Key Product/Services Offerings
      11.5.4 SWOT Analysis
      11.5.5 Key Financials
        11.5.5.1 Revenue Split
      11.5.6 Recent Developments
    11.6 Cisco Systems, Inc.
      11.6.1 Key Facts
      11.6.2 Business Description
      11.6.3 Key Product/Services Offerings
      11.6.4 SWOT Analysis
      11.6.5 Key Financials
        11.6.5.1 Revenue Split
      11.6.6 Recent Developments
    11.7 Control4 Corporation
      11.7.1 Key Facts
      11.7.2 Business Description
      11.7.3 Key Product/Services Offerings
      11.7.4 SWOT Analysis
      11.7.5 Key Financials
        11.7.5.1 Revenue Split
      11.7.6 Recent Developments
    11.8 Crestron Electronics Inc.
      11.8.1 Key Facts
      11.8.2 Business Description
      11.8.3 Key Product/Services Offerings
      11.8.4 SWOT Analysis
      11.8.5 Recent Developments
    11.9 Deutsche Telekom AG
      11.9.1 Key Facts
      11.9.2 Business Description
      11.9.3 Key Product/Services Offerings
      11.9.4 SWOT Analysis
      11.9.5 Key Financials
        11.9.5.1 Revenue Split
      11.9.6 Recent Developments
    11.10 Emerson Electric Co.
      11.10.1 Key Facts
      11.10.2 Business Description
      11.10.3 Key Product/Services Offerings
      11.10.4 SWOT Analysis
      11.10.5 Key Financials
        11.10.5.1 Revenue Split
      11.10.6 Recent Developments
    11.1 General Electric Company
      11.11.1 Key Facts
      11.11.2 Business Description
      11.11.3 Key Product/Services Offerings
      11.11.4 SWOT Analysis
      11.11.5 Key Financials
        11.11.5.1 Revenue Split
      11.11.6 Recent Developments
    11.1 Honeywell International Inc.
      11.12.1 Key Facts
      11.12.2 Business Description
      11.12.3 Key Product/Services Offerings
      11.12.4 SWOT Analysis
      11.12.5 Key Financials
        11.12.5.1 Revenue Split
      11.12.6 Recent Developments
    11.1 IBM Corporation
      11.13.1 Key Facts
      11.13.2 Business Description
      11.13.3 Key Product/Services Offerings
      11.13.4 SWOT Analysis
      11.13.5 Key Financials
        11.13.5.1 Revenue Split
      11.13.6 Recent Developments
    11.1 LG Electronics Inc.
      11.14.1 Key Facts
      11.14.2 Business Description
      11.14.3 Key Product/Services Offerings
      11.14.4 SWOT Analysis
      11.14.5 Key Financials
        11.14.5.1 Revenue Split
      11.14.6 Recent Developments
    11.2 Monitronics International Inc.
      11.15.1 Key Facts
      11.15.2 Business Description
      11.15.3 Key Product/Services Offerings
      11.15.4 SWOT Analysis
      11.15.5 Key Financials
      11.15.6 Recent Developments
    11.2 Schneider Electric S.E.
      11.16.1 Key Facts
      11.16.2 Business Description
      11.16.3 Key Product/Services Offerings
      11.16.4 SWOT Analysis
      11.16.5 Key Financials
        11.16.5.1 Revenue Split
      11.16.6 Recent Developments
    11.2 Siemens AG
      11.17.1 Key Facts
      11.17.2 Business Description
      11.17.3 Key Product/Services Offerings
      11.17.4 SWOT Analysis
      11.17.5 Key Financials
        11.17.5.1 Revenue Split
      11.17.6 Recent Developments
    11.2 Samsung Electronics Co., Ltd.
      11.18.1 Key Facts
      11.18.2 Business Description
      11.18.3 Key Product/Services Offerings
      11.18.4 SWOT Analysis
      11.18.5 Key Financials
        11.18.5.1 Revenue Split
      11.18.6 Recent Developments
    11.2 United Technologies Corporation
      11.19.1 Key Facts
      11.19.2 Business Description
      11.19.3 Key Product/Services Offerings
      11.19.4 SWOT Analysis
      11.19.5 Key Financials
        11.19.5.1 Revenue Split
      11.19.6 Recent Developments
    11.2 Vivint, Inc.  
      11.20.1 Key Facts
      11.20.2 Business Description
      11.20.3 Key Product/Services Offerings
      11.20.4 Vivint, Inc. Growth Strategy
      11.20.5 SWOT Analysis
      11.20.6 Recent Developments

Research Methodology for Global Smart Home Technology Market

Analysing historical market, estimation of the current market and forecasting the future market for smart home technology were the three major steps to create and analyse the overall adoption rate of smart home technology in different region/country. Exhaustive secondary research was done to collect the historical market of the technology and overall estimation of the current market. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were conducted with industry experts across value chain of the smart home technology. After all the assumption, market sizing and validation of market numbers through primary interviews, top-down approach was employed to forecast the complete market size of smart home technology market at global scale. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyse the market size of segments and sub-segments of the technology. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:


Detail secondary study was conducted to obtain the historical market size of the Global Smart home technology market through company internal sources such as annual report & financial statements of top players, performance presentations, press releases, inventory records, sales figures etc. and external sources including trade journals, news & articles, government publications, economic data, competitor publications, sector reports, regulatory bodies publications, safety standard organizations, third-party database and other creditable publications. For economic data collection, sources such as World Bank, IMF, Trading Economics, Trade Map, and UN Comtrade among others were used.

Step 2: Market Segmentation:


After obtaining historical market size of the overall market, detailed secondary analysis was done to gather historical market insights and share for different segments & sub-segments for the smart home technology. Major segments included in the report are technology, application, and end-users. Further analysis was also done for sub-segments of the major segments of smart home technology.

Step 3: Factor Analysis:


After acquiring the historical market size of different segments and sub-segments, detailed factor analysis was conducted to estimate the current market size of the smart home technology. Factor analysis was conducted using dependent and independent variable such as purchasing power, smartphone penetration, consumer behavior while purchasing smart devices, and satisfaction level of customers etc. Historical trends of the smart home technology and their year-on-year impact on the market size and share in the recent past was analyzed. Demand and supply side scenario was also thoroughly studied.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at current market size, key players in major applications and markets, market shares of these players, industry’s supply chain, and value chain of the industry. All the required percentage shares, splits, and market breakdowns were determined using the above mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weightage was assigned to different factors including market dynamics such as drivers & trends, restraints, and opportunities. After analyzing these factors, relevant forecasting techniques i.e. Bottom-up/Top-down was applied to arrive at the market forecast pertaining to 2024 for different segment and sub-segments in different region/country. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of value and rate of adoption of smart home devices
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in major applications and markets as well as market share of each players. Also the growth strategies adopted by these players to compete in the ever growing smart home technology market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head etc.). Primary research findings were summarized and statistical analysis was performed to prove the stated hypothesis. Input from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants


Market Engineering

Data triangulation technique was employed to complete the overall market engineering process and to arrive precise statistical numbers of each segment and sub-segment pertaining to the smart home technology market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of safety & security, smart appliances, consumer appliances, lighting control systems, HVAC, home entertainment & energy management, wireless & wired technology and residential & commercial end-users

Main objective of the Smart Home Technology Market Study

The current & future market trends of the smart home technology are pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market, providing a platform for the industrial participant to exploit the untapped market to benefit as first mover advantage. Other quantitative goal of the studies includes:

  • Analyse the current and forecast market size of smart home technology in terms of value
  • Analyse the current and forecast market size of different segments and sub-segments of smart home technology. Segments  in the study include application, technology and end-users
  • Define and describe the technologies and protocols used in smart homes technology
  • Anticipate potential risk associated with the technology.
  • Customer and competitor analysis, etc.
  • Define and analysis of the government regulations for smart home technology in different regions
  • Analyse the current and forecast market size of smart home technology, in terms of value for regions including North America, Europe, Asia Pacific (APAC), Middle East and Latin America
  • Defile and analyse the competitive landscape of the smart home technology and the growth strategies adopted by the market players to sustain in the ever growing market

Research Methodology for Global Smart Home Technology Market

Analysing historical market, estimation of the current market and forecasting the future market for smart home technology were the three major steps to create and analyse the overall adoption rate of smart home technology in different region/country. Exhaustive secondary research was done to collect the historical market of the technology and overall estimation of the current market. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were conducted with industry experts across value chain of the smart home technology. After all the assumption, market sizing and validation of market numbers through primary interviews, top-down approach was employed to forecast the complete market size of smart home technology market at global scale. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyse the market size of segments and sub-segments of the technology. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:


Detail secondary study was conducted to obtain the historical market size of the Global Smart home technology market through company internal sources such as annual report & financial statements of top players, performance presentations, press releases, inventory records, sales figures etc. and external sources including trade journals, news & articles, government publications, economic data, competitor publications, sector reports, regulatory bodies publications, safety standard organizations, third-party database and other creditable publications. For economic data collection, sources such as World Bank, IMF, Trading Economics, Trade Map, and UN Comtrade among others were used.

Step 2: Market Segmentation:


After obtaining historical market size of the overall market, detailed secondary analysis was done to gather historical market insights and share for different segments & sub-segments for the smart home technology. Major segments included in the report are technology, application, and end-users. Further analysis was also done for sub-segments of the major segments of smart home technology.

Step 3: Factor Analysis:


After acquiring the historical market size of different segments and sub-segments, detailed factor analysis was conducted to estimate the current market size of the smart home technology. Factor analysis was conducted using dependent and independent variable such as purchasing power, smartphone penetration, consumer behavior while purchasing smart devices, and satisfaction level of customers etc. Historical trends of the smart home technology and their year-on-year impact on the market size and share in the recent past was analyzed. Demand and supply side scenario was also thoroughly studied.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at current market size, key players in major applications and markets, market shares of these players, industry’s supply chain, and value chain of the industry. All the required percentage shares, splits, and market breakdowns were determined using the above mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weightage was assigned to different factors including market dynamics such as drivers & trends, restraints, and opportunities. After analyzing these factors, relevant forecasting techniques i.e. Bottom-up/Top-down was applied to arrive at the market forecast pertaining to 2024 for different segment and sub-segments in different region/country. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of value and rate of adoption of smart home devices
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in major applications and markets as well as market share of each players. Also the growth strategies adopted by these players to compete in the ever growing smart home technology market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head etc.). Primary research findings were summarized and statistical analysis was performed to prove the stated hypothesis. Input from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants


Market Engineering

Data triangulation technique was employed to complete the overall market engineering process and to arrive precise statistical numbers of each segment and sub-segment pertaining to the smart home technology market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of safety & security, smart appliances, consumer appliances, lighting control systems, HVAC, home entertainment & energy management, wireless & wired technology and residential & commercial end-users

Main objective of the Smart Home Technology Market Study

The current & future market trends of the smart home technology are pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market, providing a platform for the industrial participant to exploit the untapped market to benefit as first mover advantage. Other quantitative goal of the studies includes:

  • Analyse the current and forecast market size of smart home technology in terms of value
  • Analyse the current and forecast market size of different segments and sub-segments of smart home technology. Segments  in the study include application, technology and end-users
  • Define and describe the technologies and protocols used in smart homes technology
  • Anticipate potential risk associated with the technology.
  • Customer and competitor analysis, etc.
  • Define and analysis of the government regulations for smart home technology in different regions
  • Analyse the current and forecast market size of smart home technology, in terms of value for regions including North America, Europe, Asia Pacific (APAC), Middle East and Latin America
  • Defile and analyse the competitive landscape of the smart home technology and the growth strategies adopted by the market players to sustain in the ever growing market

Global Smart Homes Technology Market: Insights and Forecast, 2018-2024