The global smart homes market is expected to grow at a CAGR of 15.2% from 2017 to 2025. the market is segmented into lighting control, HVAC control, security and access control, smart kitchen, and entertainment & other controls
Smart Homes Market Overview:
The global smart homes market is expected to grow at a CAGR of 15.2% from 2017 to 2025.
Smart home is the term generally used to define a house that uses a home controller to incorporate the house's several home automation systems. Smart home technology is a combined term for information- and communication technology (ICT) as used in houses.
Smart home technology involves variety of different engineering challenges, including software programing, PCB design, Wi-Fi, TCP/IP protocols, Web Server logic design, and other aspects.
Home monitoring cameras and connected door locks are among the most popular devices in a smart home.
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Based on product type, the market is segmented into lighting control, HVAC control, security and access control, smart kitchen, and entertainment & other controls. Based on technology, the market is classified into bluetooth, zigbee, radiofrequency identification, GSM/GPRS- cellular technology, Wi-Fi technology, and computing technologies.
Geographic breakdown and deep analysis of each of the aforesaid segments is included for North America, Europe, Asia-Pacific, and LAMEA.Market Dynamics:Drivers:
- Keep energy levels down while providing more automated applications.
- Personal and family security.
- High upfront investment required for well-integrated smart technologies.
Market Players:The top players in the global smart homes market include Cisco Systems, Inc., Control4 Corporation, Leviton MFG. Company Inc., Schneider Electric SA, Siemens Building Technologies, United Technologies Corporation, Honeywell Scanning & Mobility, Smarthome, Inc., Emerson Electric Co., and LG Electronics Inc.
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MARKET LANDSCAPEBy Product Type
- Lighting Control
- HVAC Control
- Security and Access Control
- Smart Kitchen
- Entertainment & Other Controls
- Radiofrequency Identification
- GSM/GPRS- Cellular Technology
- Wi-Fi Technology
- Computing Technologies
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Saudi Arabia
- South Africa
Rest of LAMEA
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