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Explore Global smart homes market analysis & forecast, 2014-2025

Consumer Market Research

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.

SmartSmart home is the term generally used to define a house that uses a home controller to incorporate the houses several home automation systems. Smart home technology is a combined term for information- and communication technology (ICT) as used in houses.

The global smart homes market is expected to grow at a CAGR of 15.2% from 2017 to 2025.

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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.

Restraints:

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.


KEY TAKEAWAYS


Global Smart Homes Market

MARKET LANDSCAPE


By Product Type


Lighting Control

HVAC Control

Security and Access Control

Smart Kitchen

Entertainment & Other Controls

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By Technology

Bluetooth

Zigbee

Radiofrequency Identification

GSM/GPRS- Cellular Technology

Wi-Fi Technology

Computing Technologies

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By Geography

North America

U.S.

Canada

Mexico

Europe

UK

Germany

France

Spain

Italy

Rest of Europe

Asia-Pacific

China

Japan

India

Australia

South Korea

Rest of Asia-Pacific

LAMEA

Brazil

Saudi Arabia

South Africa

Rest of LAMEA

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