Smart Home Market size by Product (Lighting Control, Security & Access Control, HVAC Control, Smart Speaker, Smart Kitchen and Smart Furniture), Software and Services, Sales Channel and Region - Global Forecast to 2028
The smart home market size is valued at USD 101.7 Billion in 2023 and is anticipated to be USD 163.7 Billion by 2028; growing at a CAGR of 10.0% from 2023 to 2028. Factors such as the Expansion of smart home product portfolio by large number of players, and Growing concern about safety, security, and convenience among general population are driving the growth of the market during the forecast period.
Expansion of smart home product portfolios by large number of players
The smart home industry involves a wide range of manufacturers worldwide, including those who produce components, devices, systems, software algorithms, and service providers. Tech giants such as Samsung, Amazon, Google, and Apple have introduced innovative products like SmartThings, Echo, Home, and HomeKit for the smart home market. In January 2023, Apple launched HomePod Gen 2, which allows users to monitor temperature, humidity, establish smart home automation with Siri, and receive notifications during the detection of smoke alarm. Due to the convenience, energy efficiency, and cost-saving benefits offered by home automation solutions, homeowners are adopting them on a large scale. Lighting control, HVAC controls, and security and access products have a high penetration rate in North America and Europe. As a result, manufacturers of smart home products are expanding their portfolios to cover different application areas in a household.?
Growing adoption of smart devices and increasing number of internet users
The Internet of Things (IoT) has become increasingly popular among residential consumers due to its ability to connect household products to the internet and provide real-time data and decision-making capabilities. As a result, companies of all sizes are investing heavily in the IoT industry, and it is expected to be applied in a wide range of areas such as lighting, security, healthcare, and entertainment. The growth of the smart home market is driven by the increasing adoption of video doorbells, voice-assisted technologies like Alexa and Google Home, and surveillance systems. The widespread adoption of internet-enabled devices such as RFID, barcode scanners, and mobile computers, which is being driven by the growing number of internet users worldwide, is expected to further boost the IoT market. The penetration rate of the internet has increased significantly in the past decade, especially in developed regions such as according to Internet World Stats as of June 2022, North America and Europe, registered penetration rates of 93.4% and 89.2% respectively, while Asia and Africa registered penetration rates of 67.0% and 43.2% respectively.
Asia Pacific is the fastest-growing region in the smart home market
There is an significant market for smart homes in Asia Pacific, specifically in countries like Japan, South Korea, and China. Among these countries, South Korea has become a significant market for smart home systems due to the high demand for lighting and entertainment controls. China, with its rapidly growing economy and population, is investing heavily in energy-efficient technologies. Meanwhile, South Korea is also a major player in the smart home market for household appliances. Furthermore, the high rate of internet usage in Japanese households is expected to drive the growth of the smart home industry in the Asia Pacific region.
The breakup of primaries conducted during the study is depicted below:
The report segments the smart home market and forecasts its size, by value, based on region (North America, Europe, Asia Pacific, and RoW), product (lighting control, security & access control, HVAC control, entertainment & other controls, smart speaker, home healthcare, smart kitchen, home appliances, and smart furniture), software & service (behavioral, and proactive), and sales channel (direct sales,and indirect sales). The report also provides a comprehensive review of market drivers, restraints, opportunities, and challenges in the smart home market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.
Reason to buy Report
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall smart home market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
Expansion of smart home product portfolios by large number of players
The smart home industry involves a wide range of manufacturers worldwide, including those who produce components, devices, systems, software algorithms, and service providers. Tech giants such as Samsung, Amazon, Google, and Apple have introduced innovative products like SmartThings, Echo, Home, and HomeKit for the smart home market. In January 2023, Apple launched HomePod Gen 2, which allows users to monitor temperature, humidity, establish smart home automation with Siri, and receive notifications during the detection of smoke alarm. Due to the convenience, energy efficiency, and cost-saving benefits offered by home automation solutions, homeowners are adopting them on a large scale. Lighting control, HVAC controls, and security and access products have a high penetration rate in North America and Europe. As a result, manufacturers of smart home products are expanding their portfolios to cover different application areas in a household.?
Growing adoption of smart devices and increasing number of internet users
The Internet of Things (IoT) has become increasingly popular among residential consumers due to its ability to connect household products to the internet and provide real-time data and decision-making capabilities. As a result, companies of all sizes are investing heavily in the IoT industry, and it is expected to be applied in a wide range of areas such as lighting, security, healthcare, and entertainment. The growth of the smart home market is driven by the increasing adoption of video doorbells, voice-assisted technologies like Alexa and Google Home, and surveillance systems. The widespread adoption of internet-enabled devices such as RFID, barcode scanners, and mobile computers, which is being driven by the growing number of internet users worldwide, is expected to further boost the IoT market. The penetration rate of the internet has increased significantly in the past decade, especially in developed regions such as according to Internet World Stats as of June 2022, North America and Europe, registered penetration rates of 93.4% and 89.2% respectively, while Asia and Africa registered penetration rates of 67.0% and 43.2% respectively.
Asia Pacific is the fastest-growing region in the smart home market
There is an significant market for smart homes in Asia Pacific, specifically in countries like Japan, South Korea, and China. Among these countries, South Korea has become a significant market for smart home systems due to the high demand for lighting and entertainment controls. China, with its rapidly growing economy and population, is investing heavily in energy-efficient technologies. Meanwhile, South Korea is also a major player in the smart home market for household appliances. Furthermore, the high rate of internet usage in Japanese households is expected to drive the growth of the smart home industry in the Asia Pacific region.
The breakup of primaries conducted during the study is depicted below:
- By Company Type: Tier 1 – 40 %, Tier 2 – 40%, and Tier 3 –20%
- By Designation: C-Level Executives – 40%, Directors – 40%, and Others – 20%
- By Region: North America– 40%, Europe – 20%, Asia Pacific – 30%, Rest of world– 10%
The report segments the smart home market and forecasts its size, by value, based on region (North America, Europe, Asia Pacific, and RoW), product (lighting control, security & access control, HVAC control, entertainment & other controls, smart speaker, home healthcare, smart kitchen, home appliances, and smart furniture), software & service (behavioral, and proactive), and sales channel (direct sales,and indirect sales). The report also provides a comprehensive review of market drivers, restraints, opportunities, and challenges in the smart home market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.
Reason to buy Report
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall smart home market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
- Analysis of key drivers (Increasing importance of home monitoring in remote locations, Growing concerns about safety, security, and convenience among general population), restraints (High cost of switching for existing smart device consumers, Issues related to breach in security and privacy breaches), opportunities (Favorable government regulations to promote green buildings, Incorporation of lighting controllers with in-built data-connectivity technology), and challenges (Difficulties linking disparate systems, limited functionality, and lack of open standards) influencing the growth of the smart home market
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the smart home market
- Market Development: Comprehensive information about lucrative markets – the report analyses the smart home market across varied regions
- Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the smart home market
- Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like Honeywell (US), Siemens (Germany), Johnson Controls (Ireland), Schneider Electric (France), and ASSA ABLOY (Sweden), among others in the smart home market
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 MARKET SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 MARKET SEGMENTATION
1.3.2 PRODUCTS COVERED UNDER EACH MAJOR CATEGORY
1.4 YEARS CONSIDERED
1.5 CURRENCY
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
1.7.1 RECESSION IMPACT
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 SMART HOME MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Major secondary sources
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Breakdown of primaries
2.1.3 SECONDARY AND PRIMARY RESEARCH
2.1.3.1 Key industry insights
2.2 MARKET SIZE ESTIMATION
FIGURE 3 RESEARCH FLOW FOR MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
FIGURE 4 SMART HOME MARKET: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: REVENUE GENERATED FROM SMART HOME PRODUCTS RELATED TO HOME AUTOMATION
FIGURE 6 SMART HOME MARKET: TOP-DOWN APPROACH
2.2.3 MARKET PROJECTIONS
TABLE 1 MARKET GROWTH ASSUMPTIONS
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 7 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
2.5 LIMITATIONS
2.6 APPROACH TO ANALYZE IMPACT OF RECESSION
2.7 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
FIGURE 8 ANNUAL AVERAGE GROWTH RATES OF ELECTRICITY DEMAND IN KEY REGIONS, 2018–2020
FIGURE 9 TOTAL ENERGY CONSUMPTION BREAKDOWN, BY REGION, 2019–2021
FIGURE 10 GLOBAL SHARE OF ENERGY AND EMISSIONS IN BUILDINGS AND CONSTRUCTION, 2021
TABLE 2 US: NEW RESIDENTIAL CONSTRUCTION (AS OF JANUARY 2023)
TABLE 3 US: CONSTRUCTION SPENDING (AS OF DECEMBER 2022)
3.1 SMART HOME MARKET: RECESSION IMPACT
FIGURE 11 GDP GROWTH PROJECTIONS FOR MAJOR ECONOMIES, 2021–2023
FIGURE 12 RECESSION IMPACT ON SMART HOME MARKET, 2019–2028 (USD BILLION)
FIGURE 13 ENTERTAINMENT & OTHER CONTROLS TO DOMINATE MARKET IN 2023
FIGURE 14 BEHAVIORAL SEGMENT TO CONTINUE TO DOMINATE MARKET IN 2028
FIGURE 15 INDIRECT SALES CHANNEL TO REGISTER HIGHER GROWTH RATE DURING FORECAST PERIOD
FIGURE 16 SMART KITCHEN SEGMENT TO REGISTER HIGHEST GROWTH DURING FORECAST PERIOD
FIGURE 17 NORTH AMERICA TO ACCOUNT FOR LARGEST SHARE OF SMART HOME MARKET IN 2023
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES IN SMART HOME MARKET
FIGURE 18 INCREASING NUMBER OF INTERNET USERS AND GROWING ADOPTION OF SMART DEVICES TO DRIVE MARKET
4.2 SMART HOME MARKET, BY PRODUCT, 2023 VS. 2028 (USD MILLION)
FIGURE 19 SMART KITCHEN SEGMENT TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD
4.3 SMART HOME MARKET SHARE FOR SOFTWARE & SERVICES, BY TYPE (2023)
FIGURE 20 PROACTIVE SEGMENT TO HOLD LARGER SHARE OF SMART HOME MARKET IN 2023
4.4 SMART HOME MARKET SHARE, BY SALES CHANNEL (2023)
FIGURE 21 INDIRECT SALES CHANNEL TO HOLD LARGER SHARE OF SMART HOME MARKET IN 2023
4.5 NORTH AMERICA: SMART HOME MARKET, BY PRODUCT AND COUNTRY (2023)
FIGURE 22 ENTERTAINMENT & OTHER CONTROLS SEGMENT TO ACCOUNT FOR LARGEST SHARE OF NORTH AMERICAN SMART HOME MARKET IN 2023
4.6 SMART HOME MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES
FIGURE 23 CHINA TO REGISTER HIGHEST GROWTH IN SMART HOME MARKET DURING FORECAST PERIOD
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 EVOLUTION
FIGURE 24 EVOLUTION OF SMART HOMES
5.3 MARKET DYNAMICS
FIGURE 25 SMART HOME MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.3.1 DRIVERS
FIGURE 26 DRIVERS FOR SMART HOME MARKET AND THEIR IMPACT
5.3.1.1 Increasing number of internet users and growing adoption of smart devices
FIGURE 27 INTERNET USERS, BY REGION (MILLION)
5.3.1.2 Increasing disposable income of people in developing economies
FIGURE 28 GDP PER CAPITA IN INDIA AND CHINA, 2017–2021 (USD THOUSAND)
5.3.1.3 Increasing importance of home monitoring in remote locations
5.3.1.4 Growing need for energy-saving and low carbon emission-oriented solutions
TABLE 4 ENERGY-SAVING POTENTIAL OF LIGHTING CONTROLS
5.3.1.5 Expansion of smart home product portfolios by large number of players
5.3.1.6 Growing concerns about safety, security, and convenience among general population
5.3.2 RESTRAINTS
FIGURE 29 RESTRAINTS FOR SMART HOME MARKET AND THEIR IMPACT
5.3.2.1 More convenience-driven rather than necessity-driven market
5.3.2.2 High cost of switching for existing smart device consumers
5.3.2.3 Issues related to security and privacy breaches
5.3.3 OPPORTUNITIES
FIGURE 30 OPPORTUNITIES FOR SMART HOME MARKET AND THEIR IMPACT
5.3.3.1 Favorable government regulations to promote green buildings
5.3.3.2 Incorporation of lighting controllers with in-built data-connectivity technology
5.3.3.3 Integration of power line communication technology in smart homes
5.3.4 CHALLENGES
FIGURE 31 CHALLENGES FOR SMART HOME MARKET AND THEIR IMPACT
5.3.4.1 Difficulties linking disparate systems, limited functionality, and lack of open standards
5.3.4.2 Risk of device malfunctioning
5.3.4.3 Compatibility issues between devices of different companies
5.4 SUPPLY CHAIN ANALYSIS
FIGURE 32 SUPPLY CHAIN ANALYSIS OF SMART HOME MARKET: MANUFACTURING AND DISTRIBUTION PHASES ADD MAXIMUM VALUE
5.4.1 PLANNING AND REVISING FUNDS
5.4.2 RESEARCH & DEVELOPMENT (R&D)
5.4.3 MANUFACTURING
5.4.4 ASSEMBLY, DISTRIBUTION, AND AFTER-SALES SERVICES
5.5 ECOSYSTEM ANALYSIS
FIGURE 33 ECOSYSTEM ANALYSIS OF SMART HOME MARKET
TABLE 5 KEY PLAYERS AND THEIR ROLE IN SMART HOME ECOSYSTEM
5.5.1 HOME AUTOMATION OEMS
5.5.2 SUPPLIERS
5.5.3 SMART HOME SYSTEM INTEGRATORS
5.5.4 DISTRIBUTORS
5.6 TRENDS IMPACTING CUSTOMER BUSINESS
FIGURE 34 AI IN HOME APPLIANCES AND ROBOTICS TO IMPACT REVENUE OF SMART HOME PRODUCT MANUFACTURERS DURING FORECAST PERIOD
5.7 PORTER’S FIVE FORCES ANALYSIS
TABLE 6 SMART HOME MARKET: PORTER’S FIVE FORCES ANALYSIS
FIGURE 35 SMART HOME MARKET: PORTER’S FIVE FORCES ANALYSIS
5.7.1 INTENSITY OF COMPETITIVE RIVALRY
5.7.2 BARGAINING POWER OF SUPPLIERS
5.7.3 BARGAINING POWER OF BUYERS
5.7.4 THREAT OF SUBSTITUTES
5.7.5 THREAT OF NEW ENTRANTS
5.8 CASE STUDIES
5.8.1 ASSA ABLOY’S REMOTE ACCESS DELEGATION TO BUILDINGS TRANSFORMS WAY EMERGENCY SERVICES OPERATE WORLDWIDE
5.8.2 JOHNSON CONTROLS’ COOLING SOLUTION HELPS FISERV TACKLE MAINTENANCE CONSTRAINTS AND ACHIEVE ENERGY SAVINGS
5.8.3 HONEYWELL’S SECURITY SOLUTION HELPS GATEWAY BUILDING IMPROVE ITS SECURITY AND VISITOR ACCESS SYSTEM
5.8.4 SIEMENS BUILDING TECHNOLOGIES PROVIDES INTEGRATED SOLUTIONS FOR FONDATION LOUIS VUITTON MUSEUM IN PARIS
5.8.5 ADT RENDERS ADVANCED ACCESS CONTROL SYSTEMS TO PORT OF CORK
5.9 TECHNOLOGY ANALYSIS
5.9.1 KEY TECHNOLOGIES
5.9.1.1 Integration of IoT and cloud connectivity with smart home devices
5.9.1.2 Integration of Artificial Intelligence (AI) with smart home systems
5.9.2 COMPLEMENTARY TECHNOLOGIES
5.9.2.1 Adoption of adaptive learning technology to enhance capabilities of HVAC control devices
5.9.2.2 Integration of IoT with smart wearable devices
5.9.3 ADJACENT TECHNOLOGY
5.9.3.1 Penetration of 5G in industrial manufacturing
5.10 TRADE ANALYSIS
5.10.1 IMPORT SCENARIO
5.10.1.1 Import scenario for thermostats
TABLE 7 IMPORT DATA FOR THERMOSTATS (HS CODE 903210), BY COUNTRY, 2017–2021 (USD MILLION)
5.10.1.2 Import scenario for burglar/fire alarms
TABLE 8 IMPORT DATA FOR BURGLAR/FIRE ALARMS (HS CODE 853110), BY COUNTRY, 2017–2021 (USD MILLION)
5.10.2 EXPORT SCENARIO
5.10.2.1 Export scenario for thermostats
TABLE 9 EXPORT DATA FOR THERMOSTATS (HS CODE 903210), BY COUNTRY, 2017–2021 (USD MILLION)
5.10.2.2 Export scenario for burglar/fire alarms
TABLE 10 EXPORT DATA FOR BURGLAR/FIRE ALARMS (HS CODE 853110), BY COUNTRY, 2017–2021 (USD MILLION)
5.11 PATENT ANALYSIS
TABLE 11 PATENTS IN SMART HOME MARKET, 2019–2022
FIGURE 36 PATENTS PUBLISHED FOR SMART HOME MARKET FROM 2013 TO 2022
TABLE 12 NUMBER OF PATENTS REGISTERED IN SMART HOME MARKET, 2013–2022
FIGURE 37 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS, 2013–2022
5.12 TARIFF AND REGULATIONS
TABLE 13 MFN TARIFFS FOR THERMOSTATS EXPORTED BY US
TABLE 14 MFN TARIFFS FOR THERMOSTATS EXPORTED BY CHINA
TABLE 15 MFN TARIFFS FOR BURGLAR/FIRE ALARMS EXPORTED BY US
TABLE 16 MFN TARIFFS FOR BURGLAR/FIRE ALARMS EXPORTED BY CHINA
5.12.1 POSITIVE IMPACT OF TARIFF ON SMART HOME PRODUCTS
5.12.2 NEGATIVE IMPACT OF TARIFF ON SMART HOME PRODUCTS
5.12.3 REGULATIONS AND STANDARDS
5.12.3.1 Standards
5.12.3.2 Regulations
5.12.3.3 Regulatory framework for IoT and connected appliances in Europe, US, and Latin America
5.13 AVERAGE SELLING PRICE (ASP) OF VARIOUS COMPONENTS OF SMART HOME SYSTEMS
TABLE 17 AVERAGE SELLING PRICE OF VARIOUS COMPONENTS OF SMART HOME SYSTEMS
FIGURE 38 AVERAGE SELLING PRICE TREND FOR VIDEO SURVEILLANCE CAMERAS
FIGURE 39 AVERAGE SELLING PRICE OF SMART KITCHEN AND HOME APPLIANCES
6 SMART HOME MARKET FOR SOFTWARE & SERVICES, BY TYPE
6.1 INTRODUCTION
FIGURE 40 SMART HOME MARKET FOR SOFTWARE & SERVICES, BY TYPE
TABLE 18 SMART HOME MARKET FOR SOFTWARE & SERVICES, BY TYPE, 2019–2022 (USD BILLION)
FIGURE 41 PROACTIVE SOFTWARE & SERVICES SEGMENT TO REGISTER HIGHER GROWTH DURING FORECAST PERIOD
TABLE 19 SMART HOME MARKET FOR SOFTWARE & SERVICES, BY TYPE, 2023–2028 (USD BILLION)
6.2 BEHAVIORAL SOFTWARE & SERVICES
6.2.1 LEARNS FROM USER BEHAVIOR AND RECOMMENDS NECESSARY ACTION
6.3 PROACTIVE SOFTWARE & SERVICES
6.3.1 AUTOMATICALLY IMPLEMENTS NECESSARY ACTION BASED ON USER BEHAVIOR
7 SMART HOME MARKET, BY PRODUCT
7.1 INTRODUCTION
FIGURE 42 SMART HOME MARKET, BY PRODUCT
TABLE 20 SMART HOME MARKET, BY PRODUCT, 2019–2022 (USD MILLION)
FIGURE 43 SMART KITCHEN SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 21 SMART HOME MARKET, BY PRODUCT, 2023–2028 (USD MILLION)
7.2 LIGHTING CONTROLS
7.2.1 MARKET DYNAMICS
7.2.1.1 Drivers
7.2.1.1.1 Growing demand for energy-efficient lighting solutions
7.2.1.1.2 Intensifying need for energy conservation and increasing efficiency of lighting products
7.2.1.1.3 Increasing smart city lighting initiatives worldwide
7.2.1.2 Restraints
7.2.1.2.1 Compatibility issues associated with lighting controls
7.2.1.2.2 Limited awareness about benefits of lighting controls
7.2.1.2.3 High installation cost
7.2.1.2.4 Security and privacy issues associated with smart lighting control systems
7.2.1.3 Opportunities
7.2.1.3.1 Consumer perception undergoing paradigm shift
7.2.1.3.2 Expanding mood lighting segment
7.2.1.3.3 Increasing demand for daylight sensors
7.2.2 PRODUCTS CONSIDERED UNDER LIGHTING CONTROLS
FIGURE 44 SMART HOME MARKET FOR LIGHTING CONTROL PRODUCTS
TABLE 22 SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
FIGURE 45 OCCUPANCY SENSORS TO HOLD LARGEST SHARE OF SMART HOME MARKET FOR LIGHTING CONTROLS IN 2023
TABLE 23 SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 24 SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2019–2022 (THOUSAND UNITS)
TABLE 25 SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2023–2028 (THOUSAND UNITS)
TABLE 26 SMART HOME MARKET FOR LIGHTING CONTROLS, BY REGION, 2019–2022 (USD MILLION)
TABLE 27 SMART HOME MARKET FOR LIGHTING CONTROLS, BY REGION, 2023–2028 (USD MILLION)
TABLE 28 SMART HOME MARKET FOR LIGHTING CONTROLS, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 29 SMART HOME MARKET FOR LIGHTING CONTROLS, BY REGION, 2023–2028 (THOUSAND UNITS)
7.2.2.1 Relays
7.2.2.1.1 Work as on/off switches in lighting control systems
TABLE 30 SMART HOME MARKET FOR RELAYS, BY REGION, 2019–2022 (USD MILLION)
TABLE 31 SMART HOME MARKET FOR RELAYS, BY REGION, 2023–2028 (USD MILLION)
TABLE 32 SMART HOME MARKET FOR RELAYS, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 33 SMART HOME MARKET FOR RELAYS, BY REGION, 2023–2028 (THOUSAND UNITS)
7.2.2.2 Occupancy sensors
7.2.2.2.1 Detect presence of individuals to switch lights on/off
TABLE 34 SMART HOME MARKET FOR OCCUPANCY SENSORS, BY REGION, 2019–2022 (USD MILLION)
TABLE 35 SMART HOME MARKET FOR OCCUPANCY SENSORS, BY REGION, 2023–2028 (USD MILLION)
TABLE 36 SMART HOME MARKET FOR OCCUPANCY SENSORS, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 37 SMART HOME MARKET FOR OCCUPANCY SENSORS, BY REGION, 2023–2028 (THOUSAND UNITS)
7.2.2.3 Daylight sensors
7.2.2.3.1 Function as photosensors to measure intensity of natural light and accordingly adjust amount of artificial light
TABLE 38 SMART HOME MARKET FOR DAYLIGHT SENSORS, BY REGION, 2019–2022 (USD MILLION)
TABLE 39 SMART HOME MARKET FOR DAYLIGHT SENSORS, BY REGION, 2023–2028 (USD MILLION)
TABLE 40 SMART HOME MARKET FOR DAYLIGHT SENSORS, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 41 SMART HOME MARKET FOR DAYLIGHT SENSORS, BY REGION, 2023–2028 (THOUSAND UNITS)
7.2.2.4 Timers
7.2.2.4.1 Used to turn lights on/off automatically after pre-specified time
TABLE 42 SMART HOME MARKET FOR TIMERS, BY REGION, 2019–2022 (USD MILLION)
TABLE 43 SMART HOME MARKET FOR TIMERS, BY REGION, 2023–2028 (USD MILLION)
TABLE 44 SMART HOME MARKET FOR TIMERS, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 45 SMART HOME MARKET FOR TIMERS, BY REGION, 2023–2028 (THOUSAND UNITS)
7.2.2.5 Dimmers
7.2.2.5.1 Used to adjust brightness in lighting control systems by means of voltage variation
TABLE 46 SMART HOME MARKET FOR DIMMERS, BY REGION, 2019–2022 (USD MILLION)
TABLE 47 SMART HOME MARKET FOR DIMMERS, BY REGION, 2023–2028 (USD MILLION)
TABLE 48 SMART HOME MARKET FOR DIMMERS, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 49 SMART HOME MARKET FOR DIMMERS, BY REGION, 2023–2028 (THOUSAND UNITS)
7.2.2.6 Switches
7.2.2.6.1 Switches can be categorized as manual and remote controlled
TABLE 50 SMART HOME MARKET FOR SWITCHES, BY REGION, 2019–2022 (USD MILLION)
TABLE 51 SMART HOME MARKET FOR SWITCHES, BY REGION, 2023–2028 (USD MILLION)
TABLE 52 SMART HOME MARKET FOR SWITCHES, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 53 SMART HOME MARKET FOR SWITCHES, BY REGION, 2023–2028 (THOUSAND UNITS)
7.2.2.7 Accessories & other products
TABLE 54 SMART HOME MARKET FOR ACCESSORIES & OTHER PRODUCTS, BY REGION, 2019–2022 (USD MILLION)
TABLE 55 SMART HOME MARKET FOR ACCESSORIES & OTHER PRODUCTS, BY REGION, 2023–2028 (USD MILLION)
TABLE 56 SMART HOME MARKET FOR ACCESSORIES & OTHER PRODUCTS, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 57 SMART HOME MARKET FOR ACCESSORIES & OTHER PRODUCTS, BY REGION, 2023–2028 (THOUSAND UNITS)
7.3 SECURITY & ACCESS CONTROLS
7.3.1 MARKET DYNAMICS
7.3.1.1 Drivers
7.3.1.1.1 Increasing crime rate leading to adoption of home security systems
7.3.1.1.2 Development of mobile interfaces
7.3.1.1.3 Development of multi-level/multifactor biometric access controls that enhance authentication processes
7.3.1.1.4 Rising adoption of IoT-based security systems
7.3.1.2 Restraints
7.3.1.2.1 Growing concerns with regard to privacy
7.3.1.2.2 High initial setup cost to hinder market growth
7.3.1.2.3 Limited adoption of access control as a service
7.3.1.3 Opportunities
7.3.1.3.1 Significant prospects of biometric technologies in home security applications
7.3.2 PRODUCTS COVERED UNDER SECURITY & ACCESS CONTROLS
FIGURE 46 SMART HOME MARKET FOR SECURITY & ACCESS CONTROL PRODUCTS
TABLE 58 SMART HOME MARKET FOR SECURITY & ACCESS CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
FIGURE 47 VIDEO SURVEILLANCE SYSTEMS SEGMENT TO HOLD LARGER SHARE OF SECURITY & ACCESS CONTROLS MARKET IN 2028
TABLE 59 SMART HOME MARKET FOR SECURITY & ACCESS CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 60 SMART HOME MARKET FOR SECURITY & ACCESS CONTROLS, BY REGION, 2019–2022 (USD MILLION)
TABLE 61 SMART HOME MARKET FOR SECURITY & ACCESS CONTROLS, BY REGION, 2023–2028 (USD MILLION)
7.3.2.1 Video surveillance systems
TABLE 62 SMART HOME MARKET FOR VIDEO SURVEILLANCE SYSTEMS, BY OFFERING, 2019–2022 (USD MILLION)
FIGURE 48 SOFTWARE SEGMENT TO REGISTER HIGHEST CAGR IN VIDEO SURVEILLANCE SYSTEMS MARKET DURING FORECAST PERIOD
TABLE 63 SMART HOME MARKET FOR VIDEO SURVEILLANCE SYSTEMS, BY OFFERING, 2023–2028 (USD MILLION)
TABLE 64 SMART HOME MARKET FOR VIDEO SURVEILLANCE SYSTEMS, BY REGION, 2019–2022 (USD MILLION)
TABLE 65 SMART HOME MARKET FOR VIDEO SURVEILLANCE SYSTEMS, BY REGION, 2023–2028 (USD MILLION)
7.3.2.1.1 Hardware
TABLE 66 SMART HOME MARKET FOR VIDEO SURVEILLANCE SYSTEMS, BY HARDWARE, 2019–2022 (USD MILLION)
FIGURE 49 CAMERAS TO HOLD LARGEST SHARE OF SMART HOME MARKET FOR VIDEO SURVEILLANCE HARDWARE IN 2022
TABLE 67 SMART HOME MARKET FOR VIDEO SURVEILLANCE SYSTEMS, BY HARDWARE, 2023–2028 (USD MILLION)
7.3.2.1.1.1 Cameras
7.3.2.1.1.1.1 IP cameras
7.3.2.1.1.1.1.1 Can be accessed and controlled over IP networks
7.3.2.1.1.1.2 Analog cameras
7.3.2.1.1.1.2.1 Require lesser technical maintenance compared to IP cameras
TABLE 68 SMART HOME MARKET FOR VIDEO SURVEILLANCE CAMERAS, BY TYPE, 2019–2022 (USD MILLION)
TABLE 69 SMART HOME MARKET FOR VIDEO SURVEILLANCE CAMERAS, BY TYPE, 2023–2028 (USD MILLION)
TABLE 70 SMART HOME MARKET FOR VIDEO SURVEILLANCE CAMERAS, BY TYPE, 2019–2022 (THOUSAND UNITS)
TABLE 71 SMART HOME MARKET FOR VIDEO SURVEILLANCE CAMERAS, BY TYPE, 2023–2028 (THOUSAND UNITS)
7.3.2.1.1.2 Storage devices
7.3.2.1.1.2.1 Introduction of IP cameras to boost demand for IP-based surveillance storage systems and technologies
7.3.2.1.1.3 Monitors
7.3.2.1.1.3.1 Project data obtained by cameras as output of video surveillance systems
7.3.2.1.1.4 Other accessories
7.3.2.1.2 Software
7.3.2.1.2.1 Video analytics software
7.3.2.1.2.1.1 Automatically monitors cameras and alerts users about unusual or suspicious events
7.3.2.1.2.2 Video management software
7.3.2.1.2.2.1 Platform for video monitoring, recording, and analysis
7.3.2.1.2.3 Neural networks and algorithms
7.3.2.1.2.3.1 Used to extract patterns or coded data to identify behavioral trends
7.3.2.1.3 Services
7.3.2.1.3.1 Ensures effective working of video surveillance systems
7.3.2.2 Access control systems
TABLE 72 SMART HOME MARKET FOR ACCESS CONTROL SYSTEMS, BY OFFERING, 2019–2022 (USD MILLION)
FIGURE 50 HARDWARE SEGMENT TO HOLD LARGEST SHARE OF SMART HOME MARKET FOR ACCESS CONTROL SYSTEMS IN 2023
TABLE 73 SMART HOME MARKET FOR ACCESS CONTROL SYSTEMS, BY OFFERING, 2023–2028 (USD MILLION)
TABLE 74 SMART HOME MARKET FOR ACCESS CONTROL SYSTEMS, BY REGION, 2019–2022 (USD MILLION)
TABLE 75 SMART HOME MARKET FOR ACCESS CONTROL SYSTEMS, BY REGION, 2023–2028 (USD MILLION)
7.3.2.2.1 Hardware
TABLE 76 SMART HOME MARKET FOR ACCESS CONTROL HARDWARE, BY TYPE, 2019–2022 (USD MILLION)
FIGURE 51 CARD-BASED READERS SEGMENT TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD
TABLE 77 SMART HOME MARKET FOR ACCESS CONTROL HARDWARE, BY TYPE, 2023–2028 (USD MILLION)
7.3.2.2.1.1 Card-based readers
7.3.2.2.1.1.1 Used to authenticate user identity
7.3.2.2.1.2 Multi-technology readers
7.3.2.2.1.2.1 Employ combination of card and biometrics
7.3.2.2.1.3 Electronic locks
7.3.2.2.1.3.1 Cannot be tampered with and provide better security than mechanical locks
7.3.2.2.1.4 Controllers
7.3.2.2.1.4.1 Control panels transmit data between readers and software through various types of communication interfaces
7.3.2.2.1.5 Biometric readers
TABLE 78 SMART HOME MARKET FOR BIOMETRIC READERS, BY TYPE, 2019–2022 (USD MILLION)
TABLE 79 SMART HOME MARKET FOR BIOMETRIC READERS, BY TYPE, 2023–2028 (USD MILLION)
TABLE 80 SMART HOME MARKET FOR BIOMETRIC READERS, BY TYPE, 2019–2022 (THOUSAND UNITS)
TABLE 81 SMART HOME MARKET FOR BIOMETRIC READERS, BY TYPE, 2023–2028 (THOUSAND UNITS)
7.3.2.2.1.6 Facial recognition
7.3.2.2.1.6.1 Uses numeric codes called face prints
7.3.2.2.1.7 Iris recognition
7.3.2.2.1.7.1 More detail-oriented and provides high level of security
7.3.2.2.1.8 Fingerprint recognition
7.3.2.2.1.8.1 Used in police investigations, defense-related purposes, and immigration applications
7.3.2.2.1.9 Palm recognition
7.3.2.2.1.9.1 Many unique advantages, including high recognition rate, low cost of acquisition equipment, and good user acceptance
7.3.2.2.1.10 Voice recognition
7.3.2.2.1.10.1 Enables hands-free control of devices
7.3.2.2.1.11 Others
7.3.2.3 Software
7.3.2.3.1 Often integrated with other security management platforms, such as video surveillance, intrusion, and visitor management systems
7.3.2.4 Services
7.3.2.4.1 Majorly include installation, support, and maintenance services
7.4 HVAC CONTROLS
7.4.1 MARKET DYNAMICS
7.4.1.1 Drivers
7.4.1.1.1 Flexibility and ease of accessing HVAC systems
7.4.1.1.2 Reduction in long-term energy costs through enhanced hardware, integrated control systems, and management services
7.4.1.1.3 Boom in construction sector
7.4.1.1.4 Emergence of IoT-enabled HVAC systems
7.4.1.2 Restraints
7.4.1.2.1 Lack of interoperability and standardization
7.4.1.2.2 Lack of awareness about benefits of HVAC control systems
7.4.1.2.3 High cost and technical complexities associated with installation of HVAC control systems
7.4.1.3 Opportunities
7.4.1.3.1 Innovations in sensors and controls
7.4.1.3.2 Growing demand for cloud computing in HVAC systems
7.4.1.3.3 Integration of smart devices with HVAC systems
7.4.2 PRODUCTS COVERED UNDER HVAC CONTROLS
FIGURE 52 SMART HOME MARKET FOR HVAC CONTROL PRODUCTS
TABLE 82 SMART HOME MARKET FOR HVAC CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
FIGURE 53 DAMPERS SEGMENT TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD
TABLE 83 SMART HOME MARKET FOR HVAC CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 84 SMART HOME MARKET FOR HVAC CONTROLS, BY REGION, 2019–2022 (USD MILLION)
TABLE 85 SMART HOME MARKET FOR HVAC CONTROLS, BY REGION, 2023–2028 (USD MILLION)
7.4.2.1 Smart thermostats
7.4.2.1.1 Maintain temperature at required levels
TABLE 86 SMART HOME MARKET FOR SMART THERMOSTATS, BY REGION, 2019–2022 (USD MILLION)
TABLE 87 SMART HOME MARKET FOR SMART THERMOSTATS, BY REGION, 2023–2028 (USD MILLION)
TABLE 88 SMART HOME MARKET FOR SMART THERMOSTATS, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 89 SMART HOME MARKET FOR SMART THERMOSTATS, BY REGION, 2023–2028 (THOUSAND UNITS)
7.4.2.2 Sensors
7.4.2.2.1 Perform logical functions such as making decisions and communicating with other systems
TABLE 90 SMART HOME MARKET FOR SENSORS, BY REGION, 2019–2022 (USD MILLION)
TABLE 91 SMART HOME MARKET FOR SENSORS, BY REGION, 2023–2028 (USD MILLION)
7.4.2.3 Control valves
7.4.2.3.1 Regulate flow of fluids in various processes
TABLE 92 SMART HOME MARKET FOR CONTROL VALVES, BY REGION, 2019–2022 (USD MILLION)
TABLE 93 SMART HOME MARKET FOR CONTROL VALVES, BY REGION, 2023–2028 (USD MILLION)
7.4.2.4 Heating & cooling coils
7.4.2.4.1 HVAC systems use coils to maintain temperature
TABLE 94 SMART HOME MARKET FOR HEATING & COOLING COILS, BY REGION, 2019–2022 (USD MILLION)
TABLE 95 SMART HOME MARKET FOR HEATING & COOLING COILS, BY REGION, 2023–2028 (USD MILLION)
7.4.2.5 Dampers
7.4.2.5.1 Regulate flow of hot/cold air in rooms
TABLE 96 SMART HOME MARKET FOR DAMPERS, BY REGION, 2019–2022 (USD MILLION)
TABLE 97 SMART HOME MARKET FOR DAMPERS, BY REGION, 2023–2028 (USD MILLION)
7.4.2.6 Actuators
7.4.2.6.1 Control dampers and valves in HVAC systems
TABLE 98 SMART HOME MARKET FOR ACTUATORS, BY REGION, 2019–2022 (USD MILLION)
TABLE 99 SMART HOME MARKET FOR ACTUATORS, BY REGION, 2023–2028 (USD MILLION)
7.4.2.7 Pumps & fans
7.4.2.7.1 Essential components of HVAC control systems
TABLE 100 SMART HOME MARKET FOR PUMPS & FANS, BY REGION, 2019–2022 (USD MILLION)
TABLE 101 SMART HOME MARKET FOR PUMPS & FANS, BY REGION, 2023–2028 (USD MILLION)
7.4.2.8 Smart vents
7.4.2.8.1 Can be programmed to open and close according to temperature conditions
TABLE 102 SMART HOME MARKET FOR SMART VENTS, BY REGION, 2019–2022 (USD MILLION)
TABLE 103 SMART HOME MARKET FOR SMART VENTS, BY REGION, 2023–2028 (USD MILLION)
7.5 ENTERTAINMENT & OTHER CONTROLS
TABLE 104 SMART HOME MARKET FOR ENTERTAINMENT & OTHER CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
FIGURE 54 MARKET FOR ENTERTAINMENT CONTROLS TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
TABLE 105 SMART HOME MARKET FOR ENTERTAINMENT & OTHER CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 106 SMART HOME MARKET FOR ENTERTAINMENT & OTHER CONTROLS, BY REGION, 2019–2022 (USD MILLION)
TABLE 107 SMART HOME MARKET FOR ENTERTAINMENT & OTHER CONTROLS, BY REGION, 2023–2028 (USD MILLION)
7.5.1 MARKET DYNAMICS
7.5.1.1 Drivers
7.5.1.1.1 Changing lifestyle of consumers
7.5.1.1.2 Enhanced level of comfort offered
7.5.1.1.3 Growing consumer inclination toward entertainment products
7.5.1.2 Restraints
7.5.1.2.1 High cost of entertainment control systems
7.5.1.2.2 Consumer apprehensions due to adverse effects on health from audio equipment and wireless entertainment devices
7.5.1.3 Opportunities
7.5.1.3.1 Development of 3D gesture-based remote entertainment controls
7.5.1.3.2 Integration of AI with entertainment devices
7.5.2 PRODUCTS COVERED UNDER ENTERTAINMENT CONTROL
FIGURE 55 SMART HOME MARKET FOR ENTERTAINMENT CONTROLS, BY PRODUCT
TABLE 108 SMART HOME MARKET FOR ENTERTAINMENT CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
FIGURE 56 AUDIO & VOLUME CONTROLS SEGMENT TO COMMAND LARGEST MARKET SHARE IN 2028
TABLE 109 SMART HOME MARKET FOR ENTERTAINMENT CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 110 SMART HOME MARKET FOR ENTERTAINMENT CONTROLS, BY REGION, 2019–2022 (USD MILLION)
TABLE 111 SMART HOME MARKET FOR ENTERTAINMENT CONTROLS, BY REGION, 2023–2028 (USD MILLION)
7.5.2.1 Audio & volume controls
7.5.2.1.1 Enable playback and music control in homes
TABLE 112 SMART HOME MARKET FOR AUDIO & VOLUME CONTROLS, BY REGION, 2019–2022 (USD MILLION)
TABLE 113 SMART HOME MARKET FOR AUDIO & VOLUME CONTROLS, BY REGION, 2023–2028 (USD MILLION)
7.5.2.2 Home theater system controls
7.5.2.2.1 Designed to provide ultimate movie-viewing experience
TABLE 114 SMART HOME MARKET FOR HOME THEATER SYSTEM CONTROLS, BY REGION, 2019–2022 (USD MILLION)
TABLE 115 SMART HOME MARKET FOR HOME THEATER SYSTEM CONTROLS, BY REGION, 2023–2028 (USD MILLION)
7.5.2.3 Touchscreens & keypads
7.5.2.3.1 Control audio-video distribution at homes
TABLE 116 SMART HOME MARKET FOR TOUCHSCREENS & KEYPADS, BY REGION, 2019–2022 (USD MILLION)
TABLE 117 SMART HOME MARKET FOR TOUCHSCREENS & KEYPADS, BY REGION, 2023–2028 (USD MILLION)
7.5.3 OTHER CONTROL PRODUCTS
FIGURE 57 SMART HOME MARKET FOR OTHER CONTROLS, BY PRODUCT
TABLE 118 SMART HOME MARKET FOR OTHER CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
FIGURE 58 SMART HUBS SEGMENT TO REGISTER HIGHEST GROWTH DURING FORECAST PERIOD
TABLE 119 SMART HOME MARKET FOR OTHER CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 120 SMART HOME MARKET FOR OTHER CONTROLS, BY REGION, 2019–2022 (USD MILLION)
TABLE 121 SMART HOME MARKET FOR OTHER CONTROLS, BY REGION, 2023–2028 (USD MILLION)
7.5.3.1 Smart meters
7.5.3.1.1 Measure energy consumption and enable communication between users and utilities
TABLE 122 SMART HOME MARKET FOR SMART METERS, BY REGION, 2019–2022 (USD MILLION)
TABLE 123 SMART HOME MARKET FOR SMART METERS, BY REGION, 2023–2028 (USD MILLION)
7.5.3.2 Smart plugs
7.5.3.2.1 Help in managing and saving energy
TABLE 124 SMART HOME MARKET FOR SMART PLUGS, BY REGION, 2019–2022 (USD MILLION)
TABLE 125 SMART HOME MARKET FOR SMART PLUGS, BY REGION, 2023–2028 (USD MILLION)
7.5.3.3 Smart hubs
7.5.3.3.1 Control connected gadgets in smart homes
TABLE 126 SMART HOME MARKET FOR SMART HUBS, BY REGION, 2019–2022 (USD MILLION)
TABLE 127 SMART HOME MARKET FOR SMART HUBS, BY REGION, 2023–2028 (USD MILLION)
7.5.3.4 Smart locks
7.5.3.4.1 Enabled with wireless technologies such as Z-Wave, Zigbee, and NFC
TABLE 128 SMART HOME MARKET FOR SMART LOCKS, BY REGION, 2019–2022 (USD MILLION)
TABLE 129 SMART HOME MARKET FOR SMART LOCKS, BY REGION, 2023–2028 (USD MILLION)
7.5.3.5 Smoke detectors
7.5.3.5.1 Detect smoke faster than flame and heat detectors
TABLE 130 SMART HOME MARKET FOR SMOKE DETECTORS, BY REGION, 2019–2022 (USD MILLION)
TABLE 131 SMART HOME MARKET FOR SMOKE DETECTORS, BY REGION, 2023–2028 (USD MILLION)
7.6 SMART SPEAKERS
7.6.1 ENABLE CONTROL OF SMART DEVICES THROUGH USER VOICE CONTROL
TABLE 132 SMART HOME MARKET FOR SMART SPEAKERS, BY REGION, 2019–2022 (USD MILLION)
FIGURE 59 SMART SPEAKERS MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 133 SMART HOME MARKET FOR SMART SPEAKERS, BY REGION, 2023–2028 (USD MILLION)
TABLE 134 SMART HOME MARKET FOR SMART SPEAKERS, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 135 SMART HOME MARKET FOR SMART SPEAKERS, BY REGION, 2023–2028 (THOUSAND UNITS)
7.6.2 MARKET DYNAMICS
7.6.2.1 Drivers
7.6.2.1.1 Increasing number of smart homes
TABLE 136 REVENUE CONTRIBUTION FROM SMART HOME MARKET IN SMART CITIES
7.6.2.1.2 Rising disposable income
7.6.2.1.3 Proliferation of multifunctional devices
7.6.2.1.4 Growing trend of personalization
7.6.2.1.5 Entry of large internet/technology companies into smart speakers market
7.6.2.1.6 Growing popularity of smart speakers with displays
7.6.2.2 Restraints
7.6.2.2.1 Issues related to connectivity range, compatibility, and power
7.6.2.2.2 Concerns related to data security
7.6.2.3 Opportunities
7.6.2.3.1 Increasing consumer preference for technologically advanced products
FIGURE 60 CONCEPTUAL FRAMEWORK ON CONSUMER ACCEPTANCE OF NEW TECHNOLOGIES
7.6.2.3.2 Increasing focus of companies on enhancing customer experience
FIGURE 61 TIMELINE OF SMART SPEAKERS OFFERED BY KEY PLAYERS
7.7 HOME HEALTHCARE
7.7.1 MARKET DYNAMICS
7.7.1.1 Drivers
7.7.1.1.1 Increasing awareness about fitness and rise in disposable income
7.7.1.1.2 Changing demographics to positively affect home health systems
7.7.1.1.3 Rising aging population, high incidence of chronic diseases, and need to expand home healthcare access
7.7.1.1.4 Aids provided by governments for home healthcare services
7.7.1.2 Restraints
7.7.1.2.1 Limited awareness and number of general healthcare facilities
7.7.1.2.2 Patient safety concerns
7.7.1.3 Opportunities
7.7.1.3.1 Emerging market for smart wearables to drive home healthcare market
7.7.2 PRODUCTS COVERED UNDER HOME HEALTHCARE
FIGURE 62 SMART HOME MARKET FOR HOME HEALTHCARE PRODUCTS
TABLE 137 SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2019–2022 (USD MILLION)
FIGURE 63 PHYSICAL ACTIVITY MONITORS SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
TABLE 138 SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 139 SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2019–2022 (THOUSAND UNITS)
TABLE 140 SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2023–2028 (THOUSAND UNITS)
TABLE 141 SMART HOME MARKET FOR HOME HEALTHCARE, BY REGION, 2019–2022 (USD MILLION)
TABLE 142 SMART HOME MARKET FOR HOME HEALTHCARE, BY REGION, 2023–2028 (USD MILLION)
TABLE 143 SMART HOME MARKET FOR HOME HEALTHCARE, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 144 SMART HOME MARKET FOR HOME HEALTHCARE, BY REGION, 2023–2028 (THOUSAND UNITS)
7.7.2.1 Health status monitors
7.7.2.1.1 Fitness and heart rate monitors
7.7.2.1.1.1 Growing health consciousness among people driving adoption of fitness and heart rate monitors
7.7.2.1.2 Blood pressure monitors
7.7.2.1.2.1 Growing emphasis on treatment and control of diseases contributing to demand for blood pressure monitors
7.7.2.1.3 Blood glucose meters
7.7.2.1.3.1 Increasing diabetic population to boost adoption of blood glucose meters
7.7.2.1.4 Continuous glucose monitors
7.7.2.1.4.1 Offer better results than conventional glucose monitoring systems
7.7.2.1.5 Pulse oximeters
7.7.2.1.5.1 Used to monitor oxygen level present in user’s blood
7.7.2.2 Fall detectors
7.7.2.2.1 Detects and notifies monitoring personnel if users collapse
TABLE 145 SMART HOME MARKET FOR HEALTH STATUS MONITORS, BY REGION, 2019–2022 (USD MILLION)
TABLE 146 SMART HOME MARKET FOR HEALTH STATUS MONITORS, BY REGION, 2023–2028 (USD MILLION)
TABLE 147 SMART HOME MARKET FOR HEALTH STATUS MONITORS, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 148 SMART HOME MARKET FOR HEALTH STATUS MONITORS, BY REGION, 2023–2028 (THOUSAND UNITS)
7.7.2.3 Physical activity monitors
7.7.2.3.1 Smart wearable devices used to track physical activity levels of users
TABLE 149 SMART HOME MARKET FOR PHYSICAL ACTIVITY MONITORS, BY REGION, 2019–2022 (USD MILLION)
TABLE 150 SMART HOME MARKET FOR PHYSICAL ACTIVITY MONITORS, BY REGION, 2023–2028 (USD MILLION)
TABLE 151 SMART HOME MARKET FOR PHYSICAL ACTIVITY MONITORS, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 152 SMART HOME MARKET FOR PHYSICAL ACTIVITY MONITORS, BY REGION, 2023–2028 (THOUSAND UNITS)
7.8 SMART KITCHEN
7.8.1 MARKET DYNAMICS
7.8.1.1 Drivers
7.8.1.1.1 Changing lifestyles and preferences of consumers
7.8.1.1.2 Rising importance of energy conservation
7.8.1.2 Restraints
7.8.1.2.1 High cost of smart kitchen appliances
7.8.1.3 Opportunities
7.8.1.3.1 Rising adoption of smart appliances in developing countries
7.8.1.3.2 Incorporation of IoT in kitchen appliances
7.8.2 PRODUCTS COVERED UNDER SMART KITCHEN
FIGURE 64 SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT
TABLE 153 SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2019–2022 (USD MILLION)
FIGURE 65 SMART DISHWASHERS SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 154 SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 155 SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2019–2022 (THOUSAND UNITS)
TABLE 156 SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2023–2028 (THOUSAND UNITS)
TABLE 157 SMART HOME MARKET FOR SMART KITCHEN, BY REGION, 2019–2022 (USD MILLION)
TABLE 158 SMART HOME MARKET FOR SMART KITCHEN, BY REGION, 2023–2028 (USD MILLION)
TABLE 159 SMART HOME MARKET FOR SMART KITCHEN, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 160 SMART HOME MARKET FOR SMART KITCHEN, BY REGION, 2023–2028 (THOUSAND UNITS)
7.8.2.1 Smart refrigerators
7.8.2.1.1 Keep track of how often doors have been opened
TABLE 161 SMART HOME MARKET FOR SMART REFRIGERATORS, BY REGION, 2019–2022 (USD MILLION)
TABLE 162 SMART HOME MARKET FOR SMART REFRIGERATORS, BY REGION, 2023–2028 (USD MILLION)
TABLE 163 SMART HOME MARKET FOR SMART REFRIGERATORS, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 164 SMART HOME MARKET FOR SMART REFRIGERATORS, BY REGION, 2023–2028 (THOUSAND UNITS)
7.8.2.2 Smart coffee makers
7.8.2.2.1 Wi-Fi- or Bluetooth-enabled devices that are fully automatic
TABLE 165 SMART HOME MARKET FOR SMART COFFEE MAKERS, BY REGION, 2019–2022 (USD MILLION)
TABLE 166 SMART HOME MARKET FOR SMART COFFEE MAKERS, BY REGION, 2023–2028 (USD MILLION)
TABLE 167 SMART HOME MARKET FOR SMART COFFEE MAKERS, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 168 SMART HOME MARKET FOR SMART COFFEE MARKERS, BY REGION, 2023–2028 (THOUSAND UNITS)
7.8.2.3 Smart kettles
7.8.2.3.1 Maintain temperature of water depending on user’s choice
TABLE 169 SMART HOME MARKET FOR SMART KETTLES, BY REGION, 2019–2022 (USD MILLION)
TABLE 170 SMART HOME MARKET FOR SMART KETTLES, BY REGION, 2023–2028 (USD MILLION)
TABLE 171 SMART HOME MARKET FOR SMART KETTLES, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 172 SMART HOME MARKET FOR SMART KETTLES, BY REGION, 2023–2028 (THOUSAND UNITS)
7.8.2.4 Smart dishwashers
7.8.2.4.1 Innovative features in smart dishwashers reduce human intervention
TABLE 173 SMART HOME MARKET FOR SMART DISHWASHERS, BY REGION, 2019–2022 (USD MILLION)
TABLE 174 SMART HOME MARKET FOR SMART DISHWASHERS, BY REGION, 2023–2028 (USD MILLION)
TABLE 175 SMART HOME MARKET FOR SMART DISHWASHERS, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 176 SMART HOME MARKET FOR SMART DISHWASHERS, BY REGION, 2023–2028 (THOUSAND UNITS)
7.8.2.5 Smart ovens
7.8.2.5.1 Help users reduce time required for cooking
TABLE 177 SMART HOME MARKET FOR SMART OVENS, BY REGION, 2019–2022 (USD MILLION)
TABLE 178 SMART HOME MARKET FOR SMART OVENS, BY REGION, 2023–2028 (USD MILLION)
TABLE 179 SMART HOME MARKET FOR SMART OVENS, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 180 SMART HOME MARKET FOR SMART OVENS, BY REGION, 2023–2028 (THOUSAND UNITS)
7.8.2.6 Smart cooktops
7.8.2.6.1 Ensure accurate heat circulation
TABLE 181 SMART HOME MARKET FOR SMART COOKTOPS, BY REGION, 2019–2022 (USD MILLION)
TABLE 182 SMART HOME MARKET FOR SMART COOKTOPS, BY REGION, 2023–2028 (USD MILLION)
TABLE 183 SMART HOME MARKET FOR SMART COOKTOPS, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 184 SMART HOME MARKET FOR SMART COOKTOPS, BY REGION, 2023–2028 (THOUSAND UNITS)
7.8.2.7 Smart cookers
7.8.2.7.1 Can be accessed and controlled through apps on smartphones or tablets
TABLE 185 SMART HOME MARKET FOR SMART COOKERS, BY REGION, 2019–2022 (USD MILLION)
TABLE 186 SMART HOME MARKET FOR SMART COOKERS, BY REGION, 2023–2028 (USD MILLION)
TABLE 187 SMART HOME MARKET FOR SMART COOKERS, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 188 SMART HOME MARKET FOR SMART COOKERS, BY REGION, 2023–2028 (THOUSAND UNITS)
7.9 HOME APPLIANCES
7.9.1 MARKET DYNAMICS
7.9.1.1 Drivers
7.9.1.1.1 Availability of wireless solutions
7.9.1.1.2 Rising energy prices to increase adoption of smart appliances
7.9.1.1.3 Increasing penetration of internet and smartphones worldwide
7.9.1.2 Restraints
7.9.1.2.1 Privacy concerns among end users
FIGURE 66 US: NUMBER OF DATA COMPROMISES, 2015–2021
7.9.1.2.2 Lack of awareness about smart appliances
7.9.1.3 Opportunities
7.9.1.3.1 Machine-to-machine (M2M) communication to provide new growth avenues
7.9.1.3.2 Integration of new technologies, such as AI, with smart appliances
7.9.2 PRODUCTS COVERED UNDER HOME APPLIANCES
FIGURE 67 SMART HOME MARKET FOR HOME APPLIANCE PRODUCTS
TABLE 189 SMART HOME MARKET FOR HOME APPLIANCES, BY PRODUCT, 2019–2022 (USD MILLION)
FIGURE 68 SMART WASHERS SEGMENT TO HOLD LARGEST MARKET SHARE IN 2023
TABLE 190 SMART HOME MARKET FOR HOME APPLIANCES, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 191 SMART HOME MARKET FOR HOME APPLIANCES, BY PRODUCT, 2019–2022 (THOUSAND UNITS)
TABLE 192 SMART HOME MARKET FOR HOME APPLIANCES, BY PRODUCT, 2023–2028 (THOUSAND UNITS)
TABLE 193 SMART HOME MARKET FOR HOME APPLIANCES, BY REGION, 2019–2022 (USD MILLION)
TABLE 194 SMART HOME MARKET FOR HOME APPLIANCES, BY REGION, 2023–2028 (USD MILLION)
TABLE 195 SMART HOME MARKET FOR HOME APPLIANCES, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 196 SMART HOME MARKET FOR HOME APPLIANCES, BY REGION, 2023–2028 (THOUSAND UNITS)
7.9.2.1 Smart washers
7.9.2.1.1 Innovative features in smart washers reduce human intervention
TABLE 197 SMART HOME MARKET FOR SMART WASHERS, BY REGION, 2019–2022 (USD MILLION)
TABLE 198 SMART HOME MARKET FOR SMART WASHERS, BY REGION, 2023–2028 (USD MILLION)
TABLE 199 SMART HOME MARKET FOR SMART WASHERS, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 200 SMART HOME MARKET FOR SMART WASHERS, BY REGION, 2023–2028 (THOUSAND UNITS)
7.9.2.2 Smart dryers
7.9.2.2.1 Help to increase energy efficiency and reduce human intervention
TABLE 201 SMART HOME MARKET FOR SMART DRYERS, BY REGION, 2019–2022 (USD MILLION)
TABLE 202 SMART HOME MARKET FOR SMART DRYERS, BY REGION, 2023–2028 (USD MILLION)
TABLE 203 SMART HOME MARKET FOR SMART DRYERS, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 204 SMART HOME MARKET FOR SMART DRYERS, BY REGION, 2023–2028 (THOUSAND UNITS)
7.9.2.3 Smart water heaters
7.9.2.3.1 Can turn off automatically when hot water demands are low
TABLE 205 SMART HOME MARKET FOR SMART WATER HEATERS, BY REGION, 2019–2022 (USD MILLION)
TABLE 206 SMART HOME MARKET FOR SMART WATER HEATERS, BY REGION, 2023–2028 (USD MILLION)
TABLE 207 SMART HOME MARKET FOR SMART WATER HEATERS, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 208 SMART HOME MARKET FOR SMART WATER HEATERS, BY REGION, 2023–2028 (THOUSAND UNITS)
7.9.2.4 Smart vacuum cleaners
7.9.2.4.1 Integration with robotic technology to fuel demand for smart vacuum cleaners
TABLE 209 SMART HOME MARKET FOR SMART VACUUM CLEANERS, BY REGION, 2019–2022 (USD MILLION)
TABLE 210 SMART HOME MARKET FOR SMART VACUUM CLEANERS, BY REGION, 2023–2028 (USD MILLION)
TABLE 211 SMART HOME MARKET FOR SMART VACUUM CLEANERS, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 212 SMART HOME MARKET FOR SMART VACUUM CLEANERS, BY REGION, 2023–2028 (THOUSAND UNITS)
7.10 SMART FURNITURE
7.10.1 MARKET DYNAMICS
7.10.1.1 Drivers
7.10.1.1.1 Changing consumer lifestyles
7.10.1.1.2 Growing trend toward adoption of space-saving furniture
7.10.1.2 Restraints
7.10.1.2.1 Reluctance toward adopting new technologies
7.10.1.2.2 High price of smart furniture
7.10.1.3 Opportunities
7.10.1.3.1 Incorporation of robotics into smart furniture
7.10.2 PRODUCTS COVERED UNDER SMART FURNITURE
FIGURE 69 SMART HOME MARKET FOR SMART FURNITURE PRODUCTS
TABLE 213 SMART HOME MARKET FOR SMART FURNITURE, BY PRODUCT, 2019–2022 (USD MILLION)
FIGURE 70 SMART SOFAS SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 214 SMART HOME MARKET FOR SMART FURNITURE, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 215 SMART HOME MARKET FOR SMART FURNITURE, BY REGION, 2019–2022 (USD MILLION)
TABLE 216 SMART HOME MARKET FOR SMART FURNITURE, BY REGION, 2023–2028 (USD MILLION)
7.10.2.1 Smart tables
7.10.2.1.1 Feature integrated induction-based drink warmer to maintain temperature of beverage
TABLE 217 SMART HOME MARKET FOR SMART TABLES, BY REGION, 2019–2022 (USD MILLION)
TABLE 218 SMART HOME MARKET FOR SMART TABLES, BY REGION, 2023–2028 (USD MILLION)
7.10.2.2 Smart desks
7.10.2.2.1 Provides multiple health benefits to users
TABLE 219 SMART HOME MARKET FOR SMART DESKS, BY REGION, 2019–2022 (USD MILLION)
TABLE 220 SMART HOME MARKET FOR SMART DESKS, BY REGION, 2023–2028 (USD MILLION)
7.10.2.3 Smart stools & benches
7.10.2.3.1 Help in reducing energy costs
TABLE 221 SMART HOME MARKET FOR SMART STOOLS & BENCHES, BY REGION, 2019–2022 (USD MILLION)
TABLE 222 SMART HOME MARKET FOR SMART STOOLS & BENCHES, BY REGION, 2023–2028 (USD MILLION)
7.10.2.4 Smart sofas
7.10.2.4.1 Equipped with sensors to help adjust shape as per user’s requirement
TABLE 223 SMART HOME MARKET FOR SMART SOFAS, BY REGION, 2019–2022 (USD MILLION)
TABLE 224 SMART HOME MARKET FOR SMART SOFAS, BY REGION, 2023–2028 (USD MILLION)
7.10.2.5 Smart chairs
7.10.2.5.1 Help in promoting healthy sitting posture
TABLE 225 SMART HOME MARKET FOR SMART CHAIRS, BY REGION, 2019–2022 (USD MILLION)
TABLE 226 SMART HOME MARKET FOR SMART CHAIRS, BY REGION, 2023–2028 (USD MILLION)
8 SMART HOME MARKET, BY SALES CHANNEL
8.1 INTRODUCTION
FIGURE 71 SMART HOME MARKET SEGMENTATION, BY SALES CHANNEL
TABLE 227 SMART HOME MARKET, BY SALES CHANNEL, 2019–2022 (USD BILLION)
FIGURE 72 INDIRECT SALES CHANNEL TO HOLD LARGER MARKET SHARE IN 2028
TABLE 228 SMART HOME MARKET, BY SALES CHANNEL, 2023–2028 (USD BILLION)
8.2 DIRECT SALES CHANNEL
8.2.1 PLAYERS WITH LIMITED SALES CHANNELS AND DISTRIBUTION NETWORKS TO OPT FOR DIRECT SALES
TABLE 229 SMART HOME MARKET FOR DIRECT SALES, BY REGION, 2019–2022 (USD BILLION)
TABLE 230 SMART HOME MARKET FOR DIRECT SALES, BY REGION, 2023–2028 (USD BILLION)
8.3 INDIRECT SALES CHANNEL
8.3.1 INCREASED CONVENIENCE TO ENHANCE CUSTOMER EXPERIENCE
TABLE 231 SMART HOME MARKET FOR INDIRECT SALES, BY REGION, 2019–2022 (USD BILLION)
TABLE 232 SMART HOME MARKET FOR INDIRECT SALES, BY REGION, 2023–2028 (USD BILLION)
9 SMART HOME MARKET, BY REGION
9.1 INTRODUCTION
FIGURE 73 CHINA TO WITNESS HIGHEST GROWTH IN SMART HOME MARKET DURING FORECAST PERIOD
TABLE 233 SMART HOME MARKET, BY REGION, 2019–2022 (USD BILLION)
FIGURE 74 ASIA PACIFIC FASTEST-GROWING REGION IN SMART HOME MARKET FROM 2023 TO 2028
TABLE 234 SMART HOME MARKET, BY REGION, 2023–2028 (USD BILLION)
9.2 NORTH AMERICA
9.2.1 REGULATORY FRAMEWORKS
9.2.1.1 Associations
9.2.1.2 Regulations and acts
FIGURE 75 NORTH AMERICA: SMART HOME MARKET SNAPSHOT
TABLE 235 NORTH AMERICA: SMART HOME MARKET, BY COUNTRY, 2019–2022 (USD BILLION)
TABLE 236 NORTH AMERICA: SMART HOME MARKET, BY COUNTRY, 2023–2028 (USD BILLION)
TABLE 237 NORTH AMERICA: SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 238 NORTH AMERICA: SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 239 NORTH AMERICA: SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2019–2022 (THOUSAND UNITS)
TABLE 240 NORTH AMERICA: SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2023–2028 (THOUSAND UNITS)
TABLE 241 NORTH AMERICA: SMART HOME MARKET FOR SECURITY & ACCESS CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 242 NORTH AMERICA: SMART HOME MARKET FOR SECURITY & ACCESS CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 243 NORTH AMERICA: SMART HOME MARKET FOR HVAC CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 244 NORTH AMERICA: SMART HOME MARKET FOR HVAC CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 245 NORTH AMERICA: SMART HOME MARKET FOR ENTERTAINMENT & OTHER CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 246 NORTH AMERICA: SMART HOME MARKET FOR ENTERTAINMENT & OTHER CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 247 NORTH AMERICA: SMART HOME MARKET FOR ENTERTAINMENT CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 248 NORTH AMERICA: SMART HOME MARKET FOR ENTERTAINMENT CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 249 NORTH AMERICA: SMART HOME MARKET FOR OTHER CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 250 NORTH AMERICA: SMART HOME MARKET FOR OTHER CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 251 NORTH AMERICA: SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 252 NORTH AMERICA: SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 253 NORTH AMERICA: SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2019–2022 (THOUSAND UNITS)
TABLE 254 NORTH AMERICA: SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2023–2028 (THOUSAND UNITS)
TABLE 255 NORTH AMERICA: SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 256 NORTH AMERICA: SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 257 NORTH AMERICA: SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2019–2022 (THOUSAND UNITS)
TABLE 258 NORTH AMERICA: SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2023–2028 (THOUSAND UNITS)
TABLE 259 NORTH AMERICA: SMART HOME MARKET FOR HOME APPLIANCES, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 260 NORTH AMERICA: SMART HOME MARKET FOR HOME APPLIANCES, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 261 NORTH AMERICA: SMART HOME MARKET FOR HOME APPLIANCES, BY PRODUCT, 2019–2022 (THOUSAND UNITS)
TABLE 262 NORTH AMERICA: SMART HOME MARKET FOR HOME APPLIANCES, BY PRODUCT, 2023–2028 (THOUSAND UNITS)
TABLE 263 NORTH AMERICA: SMART HOME MARKET FOR SMART FURNITURE, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 264 NORTH AMERICA: SMART HOME MARKET FOR SMART FURNITURE, BY PRODUCT, 2023–2028 (USD MILLION)
9.2.2 US
9.2.2.1 Presence of various key players to support market growth
9.2.3 CANADA
9.2.3.1 Growing economy to result in increased focus on transitioning toward smart homes
9.2.4 MEXICO
9.2.4.1 Growing economy and increasing use of consumer electronics to favor market growth
9.2.5 RANKING OF SMART CONTROL ECOSYSTEMS IN NORTH AMERICA
TABLE 265 RANKING IN NORTH AMERICA
TABLE 266 IMPACTFUL SMART CONTROLS/HUBS/PLATFORMS IN NORTH AMERICA
9.3 EUROPE
9.3.1 REGULATORY FRAMEWORKS
FIGURE 76 EUROPE: SMART HOME MARKET SNAPSHOT
TABLE 267 EUROPE: SMART HOME MARKET, BY COUNTRY, 2019–2022 (USD BILLION)
TABLE 268 EUROPE: SMART HOME MARKET, BY COUNTRY, 2023–2028 (USD BILLION)
TABLE 269 EUROPE: SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 270 EUROPE: SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 271 EUROPE: SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2019–2022 (THOUSAND UNITS)
TABLE 272 EUROPE: SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2023–2028 (THOUSAND UNITS)
TABLE 273 EUROPE: SMART HOME MARKET FOR SECURITY & ACCESS CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 274 EUROPE: SMART HOME MARKET FOR SECURITY & ACCESS CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 275 EUROPE: SMART HOME MARKET FOR HVAC CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 276 EUROPE: SMART HOME MARKET FOR HVAC CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 277 EUROPE: SMART HOME MARKET FOR ENTERTAINMENT & OTHER CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 278 EUROPE: SMART HOME MARKET FOR ENTERTAINMENT & OTHER CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 279 EUROPE: SMART HOME MARKET FOR ENTERTAINMENT CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 280 EUROPE: SMART HOME MARKET FOR ENTERTAINMENT CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 281 EUROPE: SMART HOME MARKET FOR OTHER CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 282 EUROPE: SMART HOME MARKET FOR OTHER CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 283 EUROPE: SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 284 EUROPE: SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 285 EUROPE: SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2019–2022 (THOUSAND UNITS)
TABLE 286 EUROPE: SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2023–2028 (THOUSAND UNITS)
TABLE 287 EUROPE: SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 288 EUROPE: SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 289 EUROPE: SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2019–2022 (THOUSAND UNITS)
TABLE 290 EUROPE: SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2023–2028 (THOUSAND UNITS)
TABLE 291 EUROPE: SMART HOME MARKET FOR HOME APPLIANCES, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 292 EUROPE: SMART HOME MARKET FOR HOME APPLIANCES, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 293 EUROPE: SMART HOME MARKET FOR HOME APPLIANCES, BY PRODUCT, 2019–2022 (THOUSAND UNITS)
TABLE 294 EUROPE: SMART HOME MARKET FOR HOME APPLIANCES, BY PRODUCT, 2023–2028 (THOUSAND UNITS)
TABLE 295 EUROPE: SMART HOME MARKET FOR SMART FURNITURE, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 296 EUROPE: SMART HOME MARKET FOR SMART FURNITURE, BY PRODUCT, 2023–2028 (USD MILLION)
9.3.2 UK
9.3.2.1 Initiatives to prevent fire accidents to support market growth
9.3.3 GERMANY
9.3.3.1 Adoption of zero-energy systems and development of smart cities to drive market
9.3.4 FRANCE
9.3.4.1 Initiatives to promote adoption of energy-saving products to propel market
9.3.5 ITALY
9.3.5.1 Government activities to promote minimum energy consumption products to boost market growth
9.3.6 REST OF EUROPE
9.3.7 RANKING OF SMART CONTROL ECOSYSTEMS IN EUROPE
TABLE 297 RANKING IN EUROPE
TABLE 298 FEW IMPACTFUL SMART CONTROLS/HUBS/PLATFORMS IN EUROPE
9.4 ASIA PACIFIC
9.4.1 REGULATORY FRAMEWORKS
FIGURE 77 ASIA PACIFIC: SMART HOME MARKET SNAPSHOT
TABLE 299 ASIA PACIFIC: SMART HOME MARKET, BY COUNTRY, 2019–2022 (USD BILLION)
TABLE 300 ASIA PACIFIC: SMART HOME MARKET, BY COUNTRY, 2023–2028 (USD BILLION)
TABLE 301 ASIA PACIFIC: SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 302 ASIA PACIFIC: SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 303 ASIA PACIFIC: SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2019–2022 (THOUSAND UNITS)
TABLE 304 ASIA PACIFIC: SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2023–2028 (THOUSAND UNITS)
TABLE 305 ASIA PACIFIC: SMART HOME MARKET FOR SECURITY & ACCESS CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 306 ASIA PACIFIC: SMART HOME MARKET FOR SECURITY & ACCESS CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 307 ASIA PACIFIC: SMART HOME MARKET FOR HVAC CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 308 ASIA PACIFIC: SMART HOME MARKET FOR HVAC CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 309 ASIA PACIFIC: SMART HOME MARKET FOR ENTERTAINMENT & OTHER CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 310 ASIA PACIFIC: SMART HOME MARKET FOR ENTERTAINMENT & OTHER CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 311 ASIA PACIFIC: SMART HOME MARKET FOR ENTERTAINMENT CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 312 ASIA PACIFIC: SMART HOME MARKET FOR ENTERTAINMENT CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 313 ASIA PACIFIC: SMART HOME MARKET FOR OTHER CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 314 ASIA PACIFIC: SMART HOME MARKET FOR OTHER CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 315 ASIA PACIFIC: SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 316 ASIA PACIFIC: SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 317 ASIA PACIFIC: SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2019–2022 (THOUSAND UNITS)
TABLE 318 ASIA PACIFIC: SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2023–2028 (THOUSAND UNITS)
TABLE 319 ASIA PACIFIC: SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 320 ASIA PACIFIC: SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 321 ASIA PACIFIC: SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2019–2022 (THOUSAND UNITS)
TABLE 322 ASIA PACIFIC: SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2023–2028 (THOUSAND UNITS)
TABLE 323 ASIA PACIFIC: SMART HOME MARKET FOR HOME APPLIANCES, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 324 ASIA PACIFIC: SMART HOME MARKET FOR HOME APPLIANCES, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 325 ASIA PACIFIC: SMART HOME MARKET FOR HOME APPLIANCES, BY PRODUCT, 2019–2022 (THOUSAND UNITS)
TABLE 326 ASIA PACIFIC: SMART HOME MARKET FOR HOME APPLIANCES, BY PRODUCT, 2023–2028 (THOUSAND UNITS)
TABLE 327 ASIA PACIFIC: SMART HOME MARKET FOR SMART FURNITURE, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 328 ASIA PACIFIC: SMART HOME MARKET FOR SMART FURNITURE, BY PRODUCT, 2023–2028 (USD MILLION)
9.4.2 JAPAN
9.4.2.1 High penetration rate of internet in households to favor market
9.4.3 SOUTH KOREA
9.4.3.1 High demand for advanced security due to growing security concerns to propel market
9.4.4 CHINA
9.4.4.1 Government initiatives for development of smart homes to drive market
9.4.5 AUSTRALIA
9.4.5.1 High demand for entertainment controls and security & access controls to boost market
9.4.6 REST OF ASIA PACIFIC
9.4.7 RANKING OF SMART CONTROL ECOSYSTEMS IN ASIA PACIFIC
TABLE 329 RANKING IN ASIA PACIFIC
TABLE 330 IMPACTFUL SMART CONTROLS/HUBS/PLATFORMS IN ASIA PACIFIC
9.5 REST OF THE WORLD
9.5.1 REGULATORY FRAMEWORKS
TABLE 331 REST OF THE WORLD: SMART HOME MARKET, BY REGION, 2019–2022 (USD BILLION)
FIGURE 78 SOUTH AMERICA TO HOLD LARGEST SHARE OF SMART HOME MARKET IN 2023
TABLE 332 REST OF THE WORLD: SMART HOME MARKET, BY REGION, 2023–2028 (USD BILLION)
TABLE 333 REST OF THE WORLD: SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 334 REST OF THE WORLD: SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 335 REST OF THE WORLD: SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2019–2022 (THOUSAND UNITS)
TABLE 336 REST OF THE WORLD: SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2023–2028(THOUSAND UNITS)
TABLE 337 REST OF THE WORLD: SMART HOME MARKET FOR SECURITY & ACCESS CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 338 REST OF THE WORLD: SMART HOME MARKET FOR SECURITY & ACCESS CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 339 REST OF THE WORLD: SMART HOME MARKET FOR HVAC CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 340 REST OF THE WORLD: SMART HOME MARKET FOR HVAC CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 341 REST OF THE WORLD: SMART HOME MARKET FOR ENTERTAINMENT & OTHER CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 342 REST OF THE WORLD: SMART HOME MARKET FOR ENTERTAINMENT & OTHER CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 343 REST OF THE WORLD: SMART HOME MARKET FOR ENTERTAINMENT CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 344 REST OF THE WORLD: SMART HOME MARKET FOR ENTERTAINMENT CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 345 REST OF THE WORLD: SMART HOME MARKET FOR OTHER CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 346 REST OF THE WORLD: SMART HOME MARKET FOR OTHER CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 347 REST OF THE WORLD: SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 348 REST OF THE WORLD: SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 349 REST OF THE WORLD: SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2019–2022 (THOUSAND UNITS)
TABLE 350 REST OF THE WORLD: SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2023–2028 (THOUSAND UNITS)
TABLE 351 REST OF THE WORLD: SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 352 REST OF THE WORLD: SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 353 REST OF THE WORLD: SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2019–2022 (THOUSAND UNITS)
TABLE 354 REST OF THE WORLD: SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2023–2028 (THOUSAND UNITS)
TABLE 355 REST OF THE WORLD: SMART HOME MARKET FOR HOME APPLIANCES, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 356 REST OF THE WORLD: SMART HOME MARKET FOR HOME APPLIANCES, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 357 REST OF THE WORLD: SMART HOME MARKET FOR HOME APPLIANCES, BY PRODUCT, 2019–2022 (THOUSAND UNITS)
TABLE 358 REST OF THE WORLD: SMART HOME MARKET FOR HOME APPLIANCES, BY PRODUCT, 2023–2028 (THOUSAND UNITS)
TABLE 359 REST OF THE WORLD: SMART HOME MARKET FOR SMART FURNITURE, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 360 REST OF THE WORLD: SMART HOME MARKET FOR SMART FURNITURE, BY PRODUCT, 2023–2028 (USD MILLION)
9.5.2 SOUTH AMERICA
9.5.2.1 Government initiatives to support infrastructural development to boost market
9.5.3 MIDDLE EAST
9.5.3.1 Growing consumer awareness regarding benefits of smart appliances to fuel market
9.5.4 AFRICA
9.5.4.1 Growing security concerns coupled with rising awareness of energy conservation to support market
9.5.5 RANKING OF SMART CONTROL ECOSYSTEMS IN REST OF THE WORLD
TABLE 361 RANKING IN MIDDLE EAST
10 PROTOCOLS AND TECHNOLOGIES USED IN SMART HOMES
10.1 INTRODUCTION
FIGURE 79 SMART HOME PROTOCOLS AND TECHNOLOGIES
10.2 CELLULAR NETWORK TECHNOLOGIES
10.2.1 CDMA NETWORK
10.2.1.1 Helps control smart home appliances and systems using channel access method
10.2.2 GSM/HSPA NETWORK
10.2.2.1 GSM modems control home appliances via short message services
FIGURE 80 GSM/HSPA NETWORK SETUP
10.2.3 LTE NETWORK
10.2.3.1 Enables real-time transfer of data across networks to remotely control smart home applications
10.3 PROTOCOLS AND STANDARDS
10.3.1 DALI
10.3.1.1 Full-duplex system that brings digital technology to lighting sector
FIGURE 81 WIRING FOR DALI FLUORESCENT DIMMING
10.3.2 NEMA
10.3.2.1 Standardizes necessary control devices needed to build complete lighting systems
10.3.3 KNX
10.3.3.1 Open standard supporting five communication media, making it versatile to use
10.3.4 DMX
10.3.4.1 Used in communication networks that control lights and effects
10.3.5 LONWORKS
10.3.5.1 Helps in building automation applications designed on low bandwidth for networking devices
FIGURE 82 LONWORKS NETWORK SETUP
10.3.6 ETHERNET
10.3.6.1 Ethernet-based systems used in home entertainment systems or whole-house automation solutions
10.3.7 MODBUS
10.3.7.1 Modbus transmits information between electronic devices over serial lines or via Ethernet
10.3.8 BACNET
10.3.8.1 BACnet protocol commonly used in building automation applications such as HVAC control, lighting control, and smart elevators
10.3.9 BLACK BOX
10.3.9.1 Helps in home automation and integration of home devices into a single console
10.3.10 PLC
10.3.10.1 Uses electric power for data transmission
10.4 WIRELESS COMMUNICATION TECHNOLOGIES
FIGURE 83 WIRELESS COMMUNICATION TECHNOLOGIES
10.4.1 ZIGBEE
10.4.1.1 Used in smart homes to carry small amounts of data over mid-range
10.4.2 Z-WAVE
10.4.2.1 Used in wireless residential control products and services
10.4.3 WI-FI
10.4.3.1 Ideal for data transmission across short distances in small and medium home automation systems
10.4.4 BLUETOOTH
10.4.4.1 Ensures interoperability, minimal interference, and energy efficiency in areas like automation, control, security, and energy management
10.4.5 ENOCEAN
10.4.5.1 Designed for smart home solutions dependent on energy-producing technologies
10.4.6 THREAD
10.4.6.1 Common standard used in smart home applications to connect them over internet and with cloud
10.4.7 INFRARED
10.4.7.1 Used in smart home applications for short- and medium-range communications and control
10.4.8 MESSAGE QUEUING TELEMETRY TRANSPORT (MQTT)
10.4.8.1 Used to send messages between devices in a distributed network
11 COMPETITIVE LANDSCAPE
11.1 OVERVIEW
11.2 STRATEGIES ADOPTED BY KEY PLAYERS
TABLE 362 OVERVIEW OF STRATEGIES DEPLOYED BY SMART HOME COMPANIES
11.2.1 PRODUCT PORTFOLIO
11.2.2 REGIONAL FOCUS
11.2.3 MANUFACTURING FOOTPRINT
11.2.4 ORGANIC/INORGANIC PLAY
11.3 REVENUE ANALYSIS
FIGURE 84 FIVE-YEAR REVENUE ANALYSIS OF TOP FIVE PLAYERS IN SMART HOME MARKET FOR HOME AUTOMATION SYSTEMS
11.4 MARKET SHARE ANALYSIS
TABLE 363 DEGREE OF COMPETITION: SMART HOME MARKET FOR HOME AUTOMATION SYSTEMS, 2022
FIGURE 85 SMART HOME MARKET SHARE ANALYSIS, BY KEY PLAYER, 2022
11.5 COMPANY EVALUATION QUADRANT
11.5.1 STARS
11.5.2 EMERGING LEADERS
11.5.3 PERVASIVE PLAYERS
11.5.4 PARTICIPANTS
FIGURE 86 SMART HOME MARKET: COMPANY EVALUATION QUADRANT, 2022
11.6 STARTUP/SME EVALUATION MATRIX
TABLE 364 STARTUPS/SMES IN SMART HOME MARKET
11.6.1 PROGRESSIVE COMPANIES
11.6.2 RESPONSIVE COMPANIES
11.6.3 DYNAMIC COMPANIES
11.6.4 STARTING BLOCKS
FIGURE 87 SMART HOME MARKET: STARTUP/SME EVALUATION MATRIX, 2022
TABLE 365 STARTUP PRODUCT MAPPING
11.7 FOOTPRINT ANALYSIS OF COMPANIES
TABLE 366 OVERALL FOOTPRINT ANALYSIS OF COMPANIES
TABLE 367 PRODUCT FOOTPRINT ANALYSIS OF COMPANIES
TABLE 368 SALES FOOTPRINT ANALYSIS OF COMPANIES
TABLE 369 REGIONAL FOOTPRINT ANALYSIS OF COMPANIES
11.8 COMPETITIVE SITUATIONS AND TRENDS
11.8.1 PRODUCT LAUNCHES
TABLE 370 PRODUCT LAUNCHES, JANUARY 2019–JANUARY 2023
11.8.2 DEALS
TABLE 371 DEALS, JANUARY 2019–JANUARY 2023
11.8.3 OTHER DEVELOPMENTS
TABLE 372 OTHER DEVELOPMENTS, JANUARY 2019–JANUARY 2023
12 COMPANY PROFILES
(Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)*
12.1 KEY PLAYERS
12.1.1 HONEYWELL
TABLE 373 HONEYWELL: BUSINESS OVERVIEW
FIGURE 88 HONEYWELL: COMPANY SNAPSHOT
12.1.2 SIEMENS
TABLE 374 SIEMENS: BUSINESS OVERVIEW
FIGURE 89 SIEMENS: COMPANY SNAPSHOT
12.1.3 JOHNSON CONTROLS
TABLE 375 JOHNSON CONTROLS: BUSINESS OVERVIEW
FIGURE 90 JOHNSON CONTROLS: COMPANY SNAPSHOT
12.1.4 SCHNEIDER ELECTRIC
TABLE 376 SCHNEIDER ELECTRIC: BUSINESS OVERVIEW
FIGURE 91 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
12.1.5 ASSA ABLOY
TABLE 377 ASSA ABLOY: BUSINESS OVERVIEW
FIGURE 92 ASSA ABLOY: COMPANY SNAPSHOT
12.1.6 AMAZON
TABLE 378 AMAZON: BUSINESS OVERVIEW
FIGURE 93 AMAZON: COMPANY SNAPSHOT
12.1.7 APPLE
TABLE 379 APPLE: BUSINESS OVERVIEW
FIGURE 94 APPLE: COMPANY SNAPSHOT
12.1.8 ADT
TABLE 380 ADT: BUSINESS OVERVIEW
FIGURE 95 ADT: COMPANY SNAPSHOT
12.1.9 ROBERT BOSCH
TABLE 381 ROBERT BOSCH: BUSINESS OVERVIEW
FIGURE 96 ROBERT BOSCH: COMPANY SNAPSHOT
12.1.10 ABB
TABLE 382 ABB: BUSINESS OVERVIEW
FIGURE 97 ABB: COMPANY SNAPSHOT
12.2 OTHER PLAYERS
12.2.1 SAMSUNG ELECTRONICS
12.2.2 SONY
12.2.3 OOMA
12.2.4 DELTA CONTROLS
12.2.5 CONTROL4
12.2.6 AXIS COMMUNICATIONS
12.2.7 COMCAST
12.2.8 ECOBEE
12.2.9 CRESTRON ELECTRONICS
12.2.10 SIMPLISAFE
12.2.11 SAVANT
12.2.12 CANARY
12.2.13 LG ELECTRONICS
12.2.14 LUTRON
12.2.15 LEGRAND
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)* might not be captured in case of unlisted companies.
13 ADJACENT AND RELATED MARKETS
13.1 INTRODUCTION
13.2 LIMITATIONS
13.3 CLEANING ROBOT MARKET
13.3.1 MARKET DEFINITION
13.3.2 MARKET OVERVIEW
13.3.3 CLEANING ROBOT MARKET, BY PRODUCT
FIGURE 98 FLOOR-CLEANING ROBOTS TO HOLD LARGEST SIZE OF CLEANING ROBOT MARKET BETWEEN 2022 AND 2027
TABLE 383 CLEANING ROBOT MARKET, BY PRODUCT, 2018–2021 (USD MILLION)
TABLE 384 CLEANING ROBOT MARKET, BY PRODUCT, 2022–2027 (USD MILLION)
13.3.4 CLEANING ROBOT MARKET, BY APPLICATION
FIGURE 99 CLEANING ROBOT MARKET FOR RESIDENTIAL APPLICATIONS TO HOLD MAJORITY SHARE BETWEEN 2022 AND 2027
TABLE 385 CLEANING ROBOT MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 386 CLEANING ROBOT MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
13.3.5 CLEANING ROBOT MARKET, BY REGION
FIGURE 100 CLEANING ROBOT MARKET IN ASIA PACIFIC TO REGISTER HIGHEST CAGR BETWEEN 2022 AND 2027
TABLE 387 CLEANING ROBOT MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 388 CLEANING ROBOT MARKET, BY REGION, 2022–2027 (USD MILLION)
13.4 BUILDING AUTOMATION SYSTEM MARKET
13.4.1 MARKET DEFINITION
13.4.2 MARKET OVERVIEW
13.4.3 BUILDING AUTOMATION SYSTEM MARKET, BY OFFERING
FIGURE 101 SECURITY & ACCESS CONTROLS SEGMENT HELD LARGEST MARKET SHARE IN 2022
TABLE 389 BUILDING AUTOMATION SYSTEM MARKET, BY OFFERING, 2018–2021 (USD MILLION)
TABLE 390 BUILDING AUTOMATION SYSTEM MARKET, BY OFFERING, 2022–2027 (USD MILLION)
13.4.4 BUILDING AUTOMATION SYSTEM MARKET, BY APPLICATION
FIGURE 102 COMMERCIAL APPLICATIONS SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2027
TABLE 391 BUILDING AUTOMATION SYSTEM MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 392 BUILDING AUTOMATION SYSTEM MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
13.4.5 BUILDING AUTOMATION SYSTEM MARKET, BY REGION
FIGURE 103 BUILDING AUTOMATION SYSTEM MARKET IN ASIA PACIFIC TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD
TABLE 393 BUILDING AUTOMATION SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 394 BUILDING AUTOMATION SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)
14 APPENDIX
14.1 DISCUSSION GUIDE
14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.3 CUSTOMIZATION OPTIONS
14.4 RELATED REPORTS
14.5 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 MARKET SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 MARKET SEGMENTATION
1.3.2 PRODUCTS COVERED UNDER EACH MAJOR CATEGORY
1.4 YEARS CONSIDERED
1.5 CURRENCY
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
1.7.1 RECESSION IMPACT
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 SMART HOME MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Major secondary sources
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Breakdown of primaries
2.1.3 SECONDARY AND PRIMARY RESEARCH
2.1.3.1 Key industry insights
2.2 MARKET SIZE ESTIMATION
FIGURE 3 RESEARCH FLOW FOR MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
FIGURE 4 SMART HOME MARKET: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: REVENUE GENERATED FROM SMART HOME PRODUCTS RELATED TO HOME AUTOMATION
FIGURE 6 SMART HOME MARKET: TOP-DOWN APPROACH
2.2.3 MARKET PROJECTIONS
TABLE 1 MARKET GROWTH ASSUMPTIONS
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 7 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
2.5 LIMITATIONS
2.6 APPROACH TO ANALYZE IMPACT OF RECESSION
2.7 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
FIGURE 8 ANNUAL AVERAGE GROWTH RATES OF ELECTRICITY DEMAND IN KEY REGIONS, 2018–2020
FIGURE 9 TOTAL ENERGY CONSUMPTION BREAKDOWN, BY REGION, 2019–2021
FIGURE 10 GLOBAL SHARE OF ENERGY AND EMISSIONS IN BUILDINGS AND CONSTRUCTION, 2021
TABLE 2 US: NEW RESIDENTIAL CONSTRUCTION (AS OF JANUARY 2023)
TABLE 3 US: CONSTRUCTION SPENDING (AS OF DECEMBER 2022)
3.1 SMART HOME MARKET: RECESSION IMPACT
FIGURE 11 GDP GROWTH PROJECTIONS FOR MAJOR ECONOMIES, 2021–2023
FIGURE 12 RECESSION IMPACT ON SMART HOME MARKET, 2019–2028 (USD BILLION)
FIGURE 13 ENTERTAINMENT & OTHER CONTROLS TO DOMINATE MARKET IN 2023
FIGURE 14 BEHAVIORAL SEGMENT TO CONTINUE TO DOMINATE MARKET IN 2028
FIGURE 15 INDIRECT SALES CHANNEL TO REGISTER HIGHER GROWTH RATE DURING FORECAST PERIOD
FIGURE 16 SMART KITCHEN SEGMENT TO REGISTER HIGHEST GROWTH DURING FORECAST PERIOD
FIGURE 17 NORTH AMERICA TO ACCOUNT FOR LARGEST SHARE OF SMART HOME MARKET IN 2023
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES IN SMART HOME MARKET
FIGURE 18 INCREASING NUMBER OF INTERNET USERS AND GROWING ADOPTION OF SMART DEVICES TO DRIVE MARKET
4.2 SMART HOME MARKET, BY PRODUCT, 2023 VS. 2028 (USD MILLION)
FIGURE 19 SMART KITCHEN SEGMENT TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD
4.3 SMART HOME MARKET SHARE FOR SOFTWARE & SERVICES, BY TYPE (2023)
FIGURE 20 PROACTIVE SEGMENT TO HOLD LARGER SHARE OF SMART HOME MARKET IN 2023
4.4 SMART HOME MARKET SHARE, BY SALES CHANNEL (2023)
FIGURE 21 INDIRECT SALES CHANNEL TO HOLD LARGER SHARE OF SMART HOME MARKET IN 2023
4.5 NORTH AMERICA: SMART HOME MARKET, BY PRODUCT AND COUNTRY (2023)
FIGURE 22 ENTERTAINMENT & OTHER CONTROLS SEGMENT TO ACCOUNT FOR LARGEST SHARE OF NORTH AMERICAN SMART HOME MARKET IN 2023
4.6 SMART HOME MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES
FIGURE 23 CHINA TO REGISTER HIGHEST GROWTH IN SMART HOME MARKET DURING FORECAST PERIOD
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 EVOLUTION
FIGURE 24 EVOLUTION OF SMART HOMES
5.3 MARKET DYNAMICS
FIGURE 25 SMART HOME MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.3.1 DRIVERS
FIGURE 26 DRIVERS FOR SMART HOME MARKET AND THEIR IMPACT
5.3.1.1 Increasing number of internet users and growing adoption of smart devices
FIGURE 27 INTERNET USERS, BY REGION (MILLION)
5.3.1.2 Increasing disposable income of people in developing economies
FIGURE 28 GDP PER CAPITA IN INDIA AND CHINA, 2017–2021 (USD THOUSAND)
5.3.1.3 Increasing importance of home monitoring in remote locations
5.3.1.4 Growing need for energy-saving and low carbon emission-oriented solutions
TABLE 4 ENERGY-SAVING POTENTIAL OF LIGHTING CONTROLS
5.3.1.5 Expansion of smart home product portfolios by large number of players
5.3.1.6 Growing concerns about safety, security, and convenience among general population
5.3.2 RESTRAINTS
FIGURE 29 RESTRAINTS FOR SMART HOME MARKET AND THEIR IMPACT
5.3.2.1 More convenience-driven rather than necessity-driven market
5.3.2.2 High cost of switching for existing smart device consumers
5.3.2.3 Issues related to security and privacy breaches
5.3.3 OPPORTUNITIES
FIGURE 30 OPPORTUNITIES FOR SMART HOME MARKET AND THEIR IMPACT
5.3.3.1 Favorable government regulations to promote green buildings
5.3.3.2 Incorporation of lighting controllers with in-built data-connectivity technology
5.3.3.3 Integration of power line communication technology in smart homes
5.3.4 CHALLENGES
FIGURE 31 CHALLENGES FOR SMART HOME MARKET AND THEIR IMPACT
5.3.4.1 Difficulties linking disparate systems, limited functionality, and lack of open standards
5.3.4.2 Risk of device malfunctioning
5.3.4.3 Compatibility issues between devices of different companies
5.4 SUPPLY CHAIN ANALYSIS
FIGURE 32 SUPPLY CHAIN ANALYSIS OF SMART HOME MARKET: MANUFACTURING AND DISTRIBUTION PHASES ADD MAXIMUM VALUE
5.4.1 PLANNING AND REVISING FUNDS
5.4.2 RESEARCH & DEVELOPMENT (R&D)
5.4.3 MANUFACTURING
5.4.4 ASSEMBLY, DISTRIBUTION, AND AFTER-SALES SERVICES
5.5 ECOSYSTEM ANALYSIS
FIGURE 33 ECOSYSTEM ANALYSIS OF SMART HOME MARKET
TABLE 5 KEY PLAYERS AND THEIR ROLE IN SMART HOME ECOSYSTEM
5.5.1 HOME AUTOMATION OEMS
5.5.2 SUPPLIERS
5.5.3 SMART HOME SYSTEM INTEGRATORS
5.5.4 DISTRIBUTORS
5.6 TRENDS IMPACTING CUSTOMER BUSINESS
FIGURE 34 AI IN HOME APPLIANCES AND ROBOTICS TO IMPACT REVENUE OF SMART HOME PRODUCT MANUFACTURERS DURING FORECAST PERIOD
5.7 PORTER’S FIVE FORCES ANALYSIS
TABLE 6 SMART HOME MARKET: PORTER’S FIVE FORCES ANALYSIS
FIGURE 35 SMART HOME MARKET: PORTER’S FIVE FORCES ANALYSIS
5.7.1 INTENSITY OF COMPETITIVE RIVALRY
5.7.2 BARGAINING POWER OF SUPPLIERS
5.7.3 BARGAINING POWER OF BUYERS
5.7.4 THREAT OF SUBSTITUTES
5.7.5 THREAT OF NEW ENTRANTS
5.8 CASE STUDIES
5.8.1 ASSA ABLOY’S REMOTE ACCESS DELEGATION TO BUILDINGS TRANSFORMS WAY EMERGENCY SERVICES OPERATE WORLDWIDE
5.8.2 JOHNSON CONTROLS’ COOLING SOLUTION HELPS FISERV TACKLE MAINTENANCE CONSTRAINTS AND ACHIEVE ENERGY SAVINGS
5.8.3 HONEYWELL’S SECURITY SOLUTION HELPS GATEWAY BUILDING IMPROVE ITS SECURITY AND VISITOR ACCESS SYSTEM
5.8.4 SIEMENS BUILDING TECHNOLOGIES PROVIDES INTEGRATED SOLUTIONS FOR FONDATION LOUIS VUITTON MUSEUM IN PARIS
5.8.5 ADT RENDERS ADVANCED ACCESS CONTROL SYSTEMS TO PORT OF CORK
5.9 TECHNOLOGY ANALYSIS
5.9.1 KEY TECHNOLOGIES
5.9.1.1 Integration of IoT and cloud connectivity with smart home devices
5.9.1.2 Integration of Artificial Intelligence (AI) with smart home systems
5.9.2 COMPLEMENTARY TECHNOLOGIES
5.9.2.1 Adoption of adaptive learning technology to enhance capabilities of HVAC control devices
5.9.2.2 Integration of IoT with smart wearable devices
5.9.3 ADJACENT TECHNOLOGY
5.9.3.1 Penetration of 5G in industrial manufacturing
5.10 TRADE ANALYSIS
5.10.1 IMPORT SCENARIO
5.10.1.1 Import scenario for thermostats
TABLE 7 IMPORT DATA FOR THERMOSTATS (HS CODE 903210), BY COUNTRY, 2017–2021 (USD MILLION)
5.10.1.2 Import scenario for burglar/fire alarms
TABLE 8 IMPORT DATA FOR BURGLAR/FIRE ALARMS (HS CODE 853110), BY COUNTRY, 2017–2021 (USD MILLION)
5.10.2 EXPORT SCENARIO
5.10.2.1 Export scenario for thermostats
TABLE 9 EXPORT DATA FOR THERMOSTATS (HS CODE 903210), BY COUNTRY, 2017–2021 (USD MILLION)
5.10.2.2 Export scenario for burglar/fire alarms
TABLE 10 EXPORT DATA FOR BURGLAR/FIRE ALARMS (HS CODE 853110), BY COUNTRY, 2017–2021 (USD MILLION)
5.11 PATENT ANALYSIS
TABLE 11 PATENTS IN SMART HOME MARKET, 2019–2022
FIGURE 36 PATENTS PUBLISHED FOR SMART HOME MARKET FROM 2013 TO 2022
TABLE 12 NUMBER OF PATENTS REGISTERED IN SMART HOME MARKET, 2013–2022
FIGURE 37 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS, 2013–2022
5.12 TARIFF AND REGULATIONS
TABLE 13 MFN TARIFFS FOR THERMOSTATS EXPORTED BY US
TABLE 14 MFN TARIFFS FOR THERMOSTATS EXPORTED BY CHINA
TABLE 15 MFN TARIFFS FOR BURGLAR/FIRE ALARMS EXPORTED BY US
TABLE 16 MFN TARIFFS FOR BURGLAR/FIRE ALARMS EXPORTED BY CHINA
5.12.1 POSITIVE IMPACT OF TARIFF ON SMART HOME PRODUCTS
5.12.2 NEGATIVE IMPACT OF TARIFF ON SMART HOME PRODUCTS
5.12.3 REGULATIONS AND STANDARDS
5.12.3.1 Standards
5.12.3.2 Regulations
5.12.3.3 Regulatory framework for IoT and connected appliances in Europe, US, and Latin America
5.13 AVERAGE SELLING PRICE (ASP) OF VARIOUS COMPONENTS OF SMART HOME SYSTEMS
TABLE 17 AVERAGE SELLING PRICE OF VARIOUS COMPONENTS OF SMART HOME SYSTEMS
FIGURE 38 AVERAGE SELLING PRICE TREND FOR VIDEO SURVEILLANCE CAMERAS
FIGURE 39 AVERAGE SELLING PRICE OF SMART KITCHEN AND HOME APPLIANCES
6 SMART HOME MARKET FOR SOFTWARE & SERVICES, BY TYPE
6.1 INTRODUCTION
FIGURE 40 SMART HOME MARKET FOR SOFTWARE & SERVICES, BY TYPE
TABLE 18 SMART HOME MARKET FOR SOFTWARE & SERVICES, BY TYPE, 2019–2022 (USD BILLION)
FIGURE 41 PROACTIVE SOFTWARE & SERVICES SEGMENT TO REGISTER HIGHER GROWTH DURING FORECAST PERIOD
TABLE 19 SMART HOME MARKET FOR SOFTWARE & SERVICES, BY TYPE, 2023–2028 (USD BILLION)
6.2 BEHAVIORAL SOFTWARE & SERVICES
6.2.1 LEARNS FROM USER BEHAVIOR AND RECOMMENDS NECESSARY ACTION
6.3 PROACTIVE SOFTWARE & SERVICES
6.3.1 AUTOMATICALLY IMPLEMENTS NECESSARY ACTION BASED ON USER BEHAVIOR
7 SMART HOME MARKET, BY PRODUCT
7.1 INTRODUCTION
FIGURE 42 SMART HOME MARKET, BY PRODUCT
TABLE 20 SMART HOME MARKET, BY PRODUCT, 2019–2022 (USD MILLION)
FIGURE 43 SMART KITCHEN SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 21 SMART HOME MARKET, BY PRODUCT, 2023–2028 (USD MILLION)
7.2 LIGHTING CONTROLS
7.2.1 MARKET DYNAMICS
7.2.1.1 Drivers
7.2.1.1.1 Growing demand for energy-efficient lighting solutions
7.2.1.1.2 Intensifying need for energy conservation and increasing efficiency of lighting products
7.2.1.1.3 Increasing smart city lighting initiatives worldwide
7.2.1.2 Restraints
7.2.1.2.1 Compatibility issues associated with lighting controls
7.2.1.2.2 Limited awareness about benefits of lighting controls
7.2.1.2.3 High installation cost
7.2.1.2.4 Security and privacy issues associated with smart lighting control systems
7.2.1.3 Opportunities
7.2.1.3.1 Consumer perception undergoing paradigm shift
7.2.1.3.2 Expanding mood lighting segment
7.2.1.3.3 Increasing demand for daylight sensors
7.2.2 PRODUCTS CONSIDERED UNDER LIGHTING CONTROLS
FIGURE 44 SMART HOME MARKET FOR LIGHTING CONTROL PRODUCTS
TABLE 22 SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
FIGURE 45 OCCUPANCY SENSORS TO HOLD LARGEST SHARE OF SMART HOME MARKET FOR LIGHTING CONTROLS IN 2023
TABLE 23 SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 24 SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2019–2022 (THOUSAND UNITS)
TABLE 25 SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2023–2028 (THOUSAND UNITS)
TABLE 26 SMART HOME MARKET FOR LIGHTING CONTROLS, BY REGION, 2019–2022 (USD MILLION)
TABLE 27 SMART HOME MARKET FOR LIGHTING CONTROLS, BY REGION, 2023–2028 (USD MILLION)
TABLE 28 SMART HOME MARKET FOR LIGHTING CONTROLS, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 29 SMART HOME MARKET FOR LIGHTING CONTROLS, BY REGION, 2023–2028 (THOUSAND UNITS)
7.2.2.1 Relays
7.2.2.1.1 Work as on/off switches in lighting control systems
TABLE 30 SMART HOME MARKET FOR RELAYS, BY REGION, 2019–2022 (USD MILLION)
TABLE 31 SMART HOME MARKET FOR RELAYS, BY REGION, 2023–2028 (USD MILLION)
TABLE 32 SMART HOME MARKET FOR RELAYS, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 33 SMART HOME MARKET FOR RELAYS, BY REGION, 2023–2028 (THOUSAND UNITS)
7.2.2.2 Occupancy sensors
7.2.2.2.1 Detect presence of individuals to switch lights on/off
TABLE 34 SMART HOME MARKET FOR OCCUPANCY SENSORS, BY REGION, 2019–2022 (USD MILLION)
TABLE 35 SMART HOME MARKET FOR OCCUPANCY SENSORS, BY REGION, 2023–2028 (USD MILLION)
TABLE 36 SMART HOME MARKET FOR OCCUPANCY SENSORS, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 37 SMART HOME MARKET FOR OCCUPANCY SENSORS, BY REGION, 2023–2028 (THOUSAND UNITS)
7.2.2.3 Daylight sensors
7.2.2.3.1 Function as photosensors to measure intensity of natural light and accordingly adjust amount of artificial light
TABLE 38 SMART HOME MARKET FOR DAYLIGHT SENSORS, BY REGION, 2019–2022 (USD MILLION)
TABLE 39 SMART HOME MARKET FOR DAYLIGHT SENSORS, BY REGION, 2023–2028 (USD MILLION)
TABLE 40 SMART HOME MARKET FOR DAYLIGHT SENSORS, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 41 SMART HOME MARKET FOR DAYLIGHT SENSORS, BY REGION, 2023–2028 (THOUSAND UNITS)
7.2.2.4 Timers
7.2.2.4.1 Used to turn lights on/off automatically after pre-specified time
TABLE 42 SMART HOME MARKET FOR TIMERS, BY REGION, 2019–2022 (USD MILLION)
TABLE 43 SMART HOME MARKET FOR TIMERS, BY REGION, 2023–2028 (USD MILLION)
TABLE 44 SMART HOME MARKET FOR TIMERS, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 45 SMART HOME MARKET FOR TIMERS, BY REGION, 2023–2028 (THOUSAND UNITS)
7.2.2.5 Dimmers
7.2.2.5.1 Used to adjust brightness in lighting control systems by means of voltage variation
TABLE 46 SMART HOME MARKET FOR DIMMERS, BY REGION, 2019–2022 (USD MILLION)
TABLE 47 SMART HOME MARKET FOR DIMMERS, BY REGION, 2023–2028 (USD MILLION)
TABLE 48 SMART HOME MARKET FOR DIMMERS, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 49 SMART HOME MARKET FOR DIMMERS, BY REGION, 2023–2028 (THOUSAND UNITS)
7.2.2.6 Switches
7.2.2.6.1 Switches can be categorized as manual and remote controlled
TABLE 50 SMART HOME MARKET FOR SWITCHES, BY REGION, 2019–2022 (USD MILLION)
TABLE 51 SMART HOME MARKET FOR SWITCHES, BY REGION, 2023–2028 (USD MILLION)
TABLE 52 SMART HOME MARKET FOR SWITCHES, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 53 SMART HOME MARKET FOR SWITCHES, BY REGION, 2023–2028 (THOUSAND UNITS)
7.2.2.7 Accessories & other products
TABLE 54 SMART HOME MARKET FOR ACCESSORIES & OTHER PRODUCTS, BY REGION, 2019–2022 (USD MILLION)
TABLE 55 SMART HOME MARKET FOR ACCESSORIES & OTHER PRODUCTS, BY REGION, 2023–2028 (USD MILLION)
TABLE 56 SMART HOME MARKET FOR ACCESSORIES & OTHER PRODUCTS, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 57 SMART HOME MARKET FOR ACCESSORIES & OTHER PRODUCTS, BY REGION, 2023–2028 (THOUSAND UNITS)
7.3 SECURITY & ACCESS CONTROLS
7.3.1 MARKET DYNAMICS
7.3.1.1 Drivers
7.3.1.1.1 Increasing crime rate leading to adoption of home security systems
7.3.1.1.2 Development of mobile interfaces
7.3.1.1.3 Development of multi-level/multifactor biometric access controls that enhance authentication processes
7.3.1.1.4 Rising adoption of IoT-based security systems
7.3.1.2 Restraints
7.3.1.2.1 Growing concerns with regard to privacy
7.3.1.2.2 High initial setup cost to hinder market growth
7.3.1.2.3 Limited adoption of access control as a service
7.3.1.3 Opportunities
7.3.1.3.1 Significant prospects of biometric technologies in home security applications
7.3.2 PRODUCTS COVERED UNDER SECURITY & ACCESS CONTROLS
FIGURE 46 SMART HOME MARKET FOR SECURITY & ACCESS CONTROL PRODUCTS
TABLE 58 SMART HOME MARKET FOR SECURITY & ACCESS CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
FIGURE 47 VIDEO SURVEILLANCE SYSTEMS SEGMENT TO HOLD LARGER SHARE OF SECURITY & ACCESS CONTROLS MARKET IN 2028
TABLE 59 SMART HOME MARKET FOR SECURITY & ACCESS CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 60 SMART HOME MARKET FOR SECURITY & ACCESS CONTROLS, BY REGION, 2019–2022 (USD MILLION)
TABLE 61 SMART HOME MARKET FOR SECURITY & ACCESS CONTROLS, BY REGION, 2023–2028 (USD MILLION)
7.3.2.1 Video surveillance systems
TABLE 62 SMART HOME MARKET FOR VIDEO SURVEILLANCE SYSTEMS, BY OFFERING, 2019–2022 (USD MILLION)
FIGURE 48 SOFTWARE SEGMENT TO REGISTER HIGHEST CAGR IN VIDEO SURVEILLANCE SYSTEMS MARKET DURING FORECAST PERIOD
TABLE 63 SMART HOME MARKET FOR VIDEO SURVEILLANCE SYSTEMS, BY OFFERING, 2023–2028 (USD MILLION)
TABLE 64 SMART HOME MARKET FOR VIDEO SURVEILLANCE SYSTEMS, BY REGION, 2019–2022 (USD MILLION)
TABLE 65 SMART HOME MARKET FOR VIDEO SURVEILLANCE SYSTEMS, BY REGION, 2023–2028 (USD MILLION)
7.3.2.1.1 Hardware
TABLE 66 SMART HOME MARKET FOR VIDEO SURVEILLANCE SYSTEMS, BY HARDWARE, 2019–2022 (USD MILLION)
FIGURE 49 CAMERAS TO HOLD LARGEST SHARE OF SMART HOME MARKET FOR VIDEO SURVEILLANCE HARDWARE IN 2022
TABLE 67 SMART HOME MARKET FOR VIDEO SURVEILLANCE SYSTEMS, BY HARDWARE, 2023–2028 (USD MILLION)
7.3.2.1.1.1 Cameras
7.3.2.1.1.1.1 IP cameras
7.3.2.1.1.1.1.1 Can be accessed and controlled over IP networks
7.3.2.1.1.1.2 Analog cameras
7.3.2.1.1.1.2.1 Require lesser technical maintenance compared to IP cameras
TABLE 68 SMART HOME MARKET FOR VIDEO SURVEILLANCE CAMERAS, BY TYPE, 2019–2022 (USD MILLION)
TABLE 69 SMART HOME MARKET FOR VIDEO SURVEILLANCE CAMERAS, BY TYPE, 2023–2028 (USD MILLION)
TABLE 70 SMART HOME MARKET FOR VIDEO SURVEILLANCE CAMERAS, BY TYPE, 2019–2022 (THOUSAND UNITS)
TABLE 71 SMART HOME MARKET FOR VIDEO SURVEILLANCE CAMERAS, BY TYPE, 2023–2028 (THOUSAND UNITS)
7.3.2.1.1.2 Storage devices
7.3.2.1.1.2.1 Introduction of IP cameras to boost demand for IP-based surveillance storage systems and technologies
7.3.2.1.1.3 Monitors
7.3.2.1.1.3.1 Project data obtained by cameras as output of video surveillance systems
7.3.2.1.1.4 Other accessories
7.3.2.1.2 Software
7.3.2.1.2.1 Video analytics software
7.3.2.1.2.1.1 Automatically monitors cameras and alerts users about unusual or suspicious events
7.3.2.1.2.2 Video management software
7.3.2.1.2.2.1 Platform for video monitoring, recording, and analysis
7.3.2.1.2.3 Neural networks and algorithms
7.3.2.1.2.3.1 Used to extract patterns or coded data to identify behavioral trends
7.3.2.1.3 Services
7.3.2.1.3.1 Ensures effective working of video surveillance systems
7.3.2.2 Access control systems
TABLE 72 SMART HOME MARKET FOR ACCESS CONTROL SYSTEMS, BY OFFERING, 2019–2022 (USD MILLION)
FIGURE 50 HARDWARE SEGMENT TO HOLD LARGEST SHARE OF SMART HOME MARKET FOR ACCESS CONTROL SYSTEMS IN 2023
TABLE 73 SMART HOME MARKET FOR ACCESS CONTROL SYSTEMS, BY OFFERING, 2023–2028 (USD MILLION)
TABLE 74 SMART HOME MARKET FOR ACCESS CONTROL SYSTEMS, BY REGION, 2019–2022 (USD MILLION)
TABLE 75 SMART HOME MARKET FOR ACCESS CONTROL SYSTEMS, BY REGION, 2023–2028 (USD MILLION)
7.3.2.2.1 Hardware
TABLE 76 SMART HOME MARKET FOR ACCESS CONTROL HARDWARE, BY TYPE, 2019–2022 (USD MILLION)
FIGURE 51 CARD-BASED READERS SEGMENT TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD
TABLE 77 SMART HOME MARKET FOR ACCESS CONTROL HARDWARE, BY TYPE, 2023–2028 (USD MILLION)
7.3.2.2.1.1 Card-based readers
7.3.2.2.1.1.1 Used to authenticate user identity
7.3.2.2.1.2 Multi-technology readers
7.3.2.2.1.2.1 Employ combination of card and biometrics
7.3.2.2.1.3 Electronic locks
7.3.2.2.1.3.1 Cannot be tampered with and provide better security than mechanical locks
7.3.2.2.1.4 Controllers
7.3.2.2.1.4.1 Control panels transmit data between readers and software through various types of communication interfaces
7.3.2.2.1.5 Biometric readers
TABLE 78 SMART HOME MARKET FOR BIOMETRIC READERS, BY TYPE, 2019–2022 (USD MILLION)
TABLE 79 SMART HOME MARKET FOR BIOMETRIC READERS, BY TYPE, 2023–2028 (USD MILLION)
TABLE 80 SMART HOME MARKET FOR BIOMETRIC READERS, BY TYPE, 2019–2022 (THOUSAND UNITS)
TABLE 81 SMART HOME MARKET FOR BIOMETRIC READERS, BY TYPE, 2023–2028 (THOUSAND UNITS)
7.3.2.2.1.6 Facial recognition
7.3.2.2.1.6.1 Uses numeric codes called face prints
7.3.2.2.1.7 Iris recognition
7.3.2.2.1.7.1 More detail-oriented and provides high level of security
7.3.2.2.1.8 Fingerprint recognition
7.3.2.2.1.8.1 Used in police investigations, defense-related purposes, and immigration applications
7.3.2.2.1.9 Palm recognition
7.3.2.2.1.9.1 Many unique advantages, including high recognition rate, low cost of acquisition equipment, and good user acceptance
7.3.2.2.1.10 Voice recognition
7.3.2.2.1.10.1 Enables hands-free control of devices
7.3.2.2.1.11 Others
7.3.2.3 Software
7.3.2.3.1 Often integrated with other security management platforms, such as video surveillance, intrusion, and visitor management systems
7.3.2.4 Services
7.3.2.4.1 Majorly include installation, support, and maintenance services
7.4 HVAC CONTROLS
7.4.1 MARKET DYNAMICS
7.4.1.1 Drivers
7.4.1.1.1 Flexibility and ease of accessing HVAC systems
7.4.1.1.2 Reduction in long-term energy costs through enhanced hardware, integrated control systems, and management services
7.4.1.1.3 Boom in construction sector
7.4.1.1.4 Emergence of IoT-enabled HVAC systems
7.4.1.2 Restraints
7.4.1.2.1 Lack of interoperability and standardization
7.4.1.2.2 Lack of awareness about benefits of HVAC control systems
7.4.1.2.3 High cost and technical complexities associated with installation of HVAC control systems
7.4.1.3 Opportunities
7.4.1.3.1 Innovations in sensors and controls
7.4.1.3.2 Growing demand for cloud computing in HVAC systems
7.4.1.3.3 Integration of smart devices with HVAC systems
7.4.2 PRODUCTS COVERED UNDER HVAC CONTROLS
FIGURE 52 SMART HOME MARKET FOR HVAC CONTROL PRODUCTS
TABLE 82 SMART HOME MARKET FOR HVAC CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
FIGURE 53 DAMPERS SEGMENT TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD
TABLE 83 SMART HOME MARKET FOR HVAC CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 84 SMART HOME MARKET FOR HVAC CONTROLS, BY REGION, 2019–2022 (USD MILLION)
TABLE 85 SMART HOME MARKET FOR HVAC CONTROLS, BY REGION, 2023–2028 (USD MILLION)
7.4.2.1 Smart thermostats
7.4.2.1.1 Maintain temperature at required levels
TABLE 86 SMART HOME MARKET FOR SMART THERMOSTATS, BY REGION, 2019–2022 (USD MILLION)
TABLE 87 SMART HOME MARKET FOR SMART THERMOSTATS, BY REGION, 2023–2028 (USD MILLION)
TABLE 88 SMART HOME MARKET FOR SMART THERMOSTATS, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 89 SMART HOME MARKET FOR SMART THERMOSTATS, BY REGION, 2023–2028 (THOUSAND UNITS)
7.4.2.2 Sensors
7.4.2.2.1 Perform logical functions such as making decisions and communicating with other systems
TABLE 90 SMART HOME MARKET FOR SENSORS, BY REGION, 2019–2022 (USD MILLION)
TABLE 91 SMART HOME MARKET FOR SENSORS, BY REGION, 2023–2028 (USD MILLION)
7.4.2.3 Control valves
7.4.2.3.1 Regulate flow of fluids in various processes
TABLE 92 SMART HOME MARKET FOR CONTROL VALVES, BY REGION, 2019–2022 (USD MILLION)
TABLE 93 SMART HOME MARKET FOR CONTROL VALVES, BY REGION, 2023–2028 (USD MILLION)
7.4.2.4 Heating & cooling coils
7.4.2.4.1 HVAC systems use coils to maintain temperature
TABLE 94 SMART HOME MARKET FOR HEATING & COOLING COILS, BY REGION, 2019–2022 (USD MILLION)
TABLE 95 SMART HOME MARKET FOR HEATING & COOLING COILS, BY REGION, 2023–2028 (USD MILLION)
7.4.2.5 Dampers
7.4.2.5.1 Regulate flow of hot/cold air in rooms
TABLE 96 SMART HOME MARKET FOR DAMPERS, BY REGION, 2019–2022 (USD MILLION)
TABLE 97 SMART HOME MARKET FOR DAMPERS, BY REGION, 2023–2028 (USD MILLION)
7.4.2.6 Actuators
7.4.2.6.1 Control dampers and valves in HVAC systems
TABLE 98 SMART HOME MARKET FOR ACTUATORS, BY REGION, 2019–2022 (USD MILLION)
TABLE 99 SMART HOME MARKET FOR ACTUATORS, BY REGION, 2023–2028 (USD MILLION)
7.4.2.7 Pumps & fans
7.4.2.7.1 Essential components of HVAC control systems
TABLE 100 SMART HOME MARKET FOR PUMPS & FANS, BY REGION, 2019–2022 (USD MILLION)
TABLE 101 SMART HOME MARKET FOR PUMPS & FANS, BY REGION, 2023–2028 (USD MILLION)
7.4.2.8 Smart vents
7.4.2.8.1 Can be programmed to open and close according to temperature conditions
TABLE 102 SMART HOME MARKET FOR SMART VENTS, BY REGION, 2019–2022 (USD MILLION)
TABLE 103 SMART HOME MARKET FOR SMART VENTS, BY REGION, 2023–2028 (USD MILLION)
7.5 ENTERTAINMENT & OTHER CONTROLS
TABLE 104 SMART HOME MARKET FOR ENTERTAINMENT & OTHER CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
FIGURE 54 MARKET FOR ENTERTAINMENT CONTROLS TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
TABLE 105 SMART HOME MARKET FOR ENTERTAINMENT & OTHER CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 106 SMART HOME MARKET FOR ENTERTAINMENT & OTHER CONTROLS, BY REGION, 2019–2022 (USD MILLION)
TABLE 107 SMART HOME MARKET FOR ENTERTAINMENT & OTHER CONTROLS, BY REGION, 2023–2028 (USD MILLION)
7.5.1 MARKET DYNAMICS
7.5.1.1 Drivers
7.5.1.1.1 Changing lifestyle of consumers
7.5.1.1.2 Enhanced level of comfort offered
7.5.1.1.3 Growing consumer inclination toward entertainment products
7.5.1.2 Restraints
7.5.1.2.1 High cost of entertainment control systems
7.5.1.2.2 Consumer apprehensions due to adverse effects on health from audio equipment and wireless entertainment devices
7.5.1.3 Opportunities
7.5.1.3.1 Development of 3D gesture-based remote entertainment controls
7.5.1.3.2 Integration of AI with entertainment devices
7.5.2 PRODUCTS COVERED UNDER ENTERTAINMENT CONTROL
FIGURE 55 SMART HOME MARKET FOR ENTERTAINMENT CONTROLS, BY PRODUCT
TABLE 108 SMART HOME MARKET FOR ENTERTAINMENT CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
FIGURE 56 AUDIO & VOLUME CONTROLS SEGMENT TO COMMAND LARGEST MARKET SHARE IN 2028
TABLE 109 SMART HOME MARKET FOR ENTERTAINMENT CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 110 SMART HOME MARKET FOR ENTERTAINMENT CONTROLS, BY REGION, 2019–2022 (USD MILLION)
TABLE 111 SMART HOME MARKET FOR ENTERTAINMENT CONTROLS, BY REGION, 2023–2028 (USD MILLION)
7.5.2.1 Audio & volume controls
7.5.2.1.1 Enable playback and music control in homes
TABLE 112 SMART HOME MARKET FOR AUDIO & VOLUME CONTROLS, BY REGION, 2019–2022 (USD MILLION)
TABLE 113 SMART HOME MARKET FOR AUDIO & VOLUME CONTROLS, BY REGION, 2023–2028 (USD MILLION)
7.5.2.2 Home theater system controls
7.5.2.2.1 Designed to provide ultimate movie-viewing experience
TABLE 114 SMART HOME MARKET FOR HOME THEATER SYSTEM CONTROLS, BY REGION, 2019–2022 (USD MILLION)
TABLE 115 SMART HOME MARKET FOR HOME THEATER SYSTEM CONTROLS, BY REGION, 2023–2028 (USD MILLION)
7.5.2.3 Touchscreens & keypads
7.5.2.3.1 Control audio-video distribution at homes
TABLE 116 SMART HOME MARKET FOR TOUCHSCREENS & KEYPADS, BY REGION, 2019–2022 (USD MILLION)
TABLE 117 SMART HOME MARKET FOR TOUCHSCREENS & KEYPADS, BY REGION, 2023–2028 (USD MILLION)
7.5.3 OTHER CONTROL PRODUCTS
FIGURE 57 SMART HOME MARKET FOR OTHER CONTROLS, BY PRODUCT
TABLE 118 SMART HOME MARKET FOR OTHER CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
FIGURE 58 SMART HUBS SEGMENT TO REGISTER HIGHEST GROWTH DURING FORECAST PERIOD
TABLE 119 SMART HOME MARKET FOR OTHER CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 120 SMART HOME MARKET FOR OTHER CONTROLS, BY REGION, 2019–2022 (USD MILLION)
TABLE 121 SMART HOME MARKET FOR OTHER CONTROLS, BY REGION, 2023–2028 (USD MILLION)
7.5.3.1 Smart meters
7.5.3.1.1 Measure energy consumption and enable communication between users and utilities
TABLE 122 SMART HOME MARKET FOR SMART METERS, BY REGION, 2019–2022 (USD MILLION)
TABLE 123 SMART HOME MARKET FOR SMART METERS, BY REGION, 2023–2028 (USD MILLION)
7.5.3.2 Smart plugs
7.5.3.2.1 Help in managing and saving energy
TABLE 124 SMART HOME MARKET FOR SMART PLUGS, BY REGION, 2019–2022 (USD MILLION)
TABLE 125 SMART HOME MARKET FOR SMART PLUGS, BY REGION, 2023–2028 (USD MILLION)
7.5.3.3 Smart hubs
7.5.3.3.1 Control connected gadgets in smart homes
TABLE 126 SMART HOME MARKET FOR SMART HUBS, BY REGION, 2019–2022 (USD MILLION)
TABLE 127 SMART HOME MARKET FOR SMART HUBS, BY REGION, 2023–2028 (USD MILLION)
7.5.3.4 Smart locks
7.5.3.4.1 Enabled with wireless technologies such as Z-Wave, Zigbee, and NFC
TABLE 128 SMART HOME MARKET FOR SMART LOCKS, BY REGION, 2019–2022 (USD MILLION)
TABLE 129 SMART HOME MARKET FOR SMART LOCKS, BY REGION, 2023–2028 (USD MILLION)
7.5.3.5 Smoke detectors
7.5.3.5.1 Detect smoke faster than flame and heat detectors
TABLE 130 SMART HOME MARKET FOR SMOKE DETECTORS, BY REGION, 2019–2022 (USD MILLION)
TABLE 131 SMART HOME MARKET FOR SMOKE DETECTORS, BY REGION, 2023–2028 (USD MILLION)
7.6 SMART SPEAKERS
7.6.1 ENABLE CONTROL OF SMART DEVICES THROUGH USER VOICE CONTROL
TABLE 132 SMART HOME MARKET FOR SMART SPEAKERS, BY REGION, 2019–2022 (USD MILLION)
FIGURE 59 SMART SPEAKERS MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 133 SMART HOME MARKET FOR SMART SPEAKERS, BY REGION, 2023–2028 (USD MILLION)
TABLE 134 SMART HOME MARKET FOR SMART SPEAKERS, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 135 SMART HOME MARKET FOR SMART SPEAKERS, BY REGION, 2023–2028 (THOUSAND UNITS)
7.6.2 MARKET DYNAMICS
7.6.2.1 Drivers
7.6.2.1.1 Increasing number of smart homes
TABLE 136 REVENUE CONTRIBUTION FROM SMART HOME MARKET IN SMART CITIES
7.6.2.1.2 Rising disposable income
7.6.2.1.3 Proliferation of multifunctional devices
7.6.2.1.4 Growing trend of personalization
7.6.2.1.5 Entry of large internet/technology companies into smart speakers market
7.6.2.1.6 Growing popularity of smart speakers with displays
7.6.2.2 Restraints
7.6.2.2.1 Issues related to connectivity range, compatibility, and power
7.6.2.2.2 Concerns related to data security
7.6.2.3 Opportunities
7.6.2.3.1 Increasing consumer preference for technologically advanced products
FIGURE 60 CONCEPTUAL FRAMEWORK ON CONSUMER ACCEPTANCE OF NEW TECHNOLOGIES
7.6.2.3.2 Increasing focus of companies on enhancing customer experience
FIGURE 61 TIMELINE OF SMART SPEAKERS OFFERED BY KEY PLAYERS
7.7 HOME HEALTHCARE
7.7.1 MARKET DYNAMICS
7.7.1.1 Drivers
7.7.1.1.1 Increasing awareness about fitness and rise in disposable income
7.7.1.1.2 Changing demographics to positively affect home health systems
7.7.1.1.3 Rising aging population, high incidence of chronic diseases, and need to expand home healthcare access
7.7.1.1.4 Aids provided by governments for home healthcare services
7.7.1.2 Restraints
7.7.1.2.1 Limited awareness and number of general healthcare facilities
7.7.1.2.2 Patient safety concerns
7.7.1.3 Opportunities
7.7.1.3.1 Emerging market for smart wearables to drive home healthcare market
7.7.2 PRODUCTS COVERED UNDER HOME HEALTHCARE
FIGURE 62 SMART HOME MARKET FOR HOME HEALTHCARE PRODUCTS
TABLE 137 SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2019–2022 (USD MILLION)
FIGURE 63 PHYSICAL ACTIVITY MONITORS SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
TABLE 138 SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 139 SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2019–2022 (THOUSAND UNITS)
TABLE 140 SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2023–2028 (THOUSAND UNITS)
TABLE 141 SMART HOME MARKET FOR HOME HEALTHCARE, BY REGION, 2019–2022 (USD MILLION)
TABLE 142 SMART HOME MARKET FOR HOME HEALTHCARE, BY REGION, 2023–2028 (USD MILLION)
TABLE 143 SMART HOME MARKET FOR HOME HEALTHCARE, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 144 SMART HOME MARKET FOR HOME HEALTHCARE, BY REGION, 2023–2028 (THOUSAND UNITS)
7.7.2.1 Health status monitors
7.7.2.1.1 Fitness and heart rate monitors
7.7.2.1.1.1 Growing health consciousness among people driving adoption of fitness and heart rate monitors
7.7.2.1.2 Blood pressure monitors
7.7.2.1.2.1 Growing emphasis on treatment and control of diseases contributing to demand for blood pressure monitors
7.7.2.1.3 Blood glucose meters
7.7.2.1.3.1 Increasing diabetic population to boost adoption of blood glucose meters
7.7.2.1.4 Continuous glucose monitors
7.7.2.1.4.1 Offer better results than conventional glucose monitoring systems
7.7.2.1.5 Pulse oximeters
7.7.2.1.5.1 Used to monitor oxygen level present in user’s blood
7.7.2.2 Fall detectors
7.7.2.2.1 Detects and notifies monitoring personnel if users collapse
TABLE 145 SMART HOME MARKET FOR HEALTH STATUS MONITORS, BY REGION, 2019–2022 (USD MILLION)
TABLE 146 SMART HOME MARKET FOR HEALTH STATUS MONITORS, BY REGION, 2023–2028 (USD MILLION)
TABLE 147 SMART HOME MARKET FOR HEALTH STATUS MONITORS, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 148 SMART HOME MARKET FOR HEALTH STATUS MONITORS, BY REGION, 2023–2028 (THOUSAND UNITS)
7.7.2.3 Physical activity monitors
7.7.2.3.1 Smart wearable devices used to track physical activity levels of users
TABLE 149 SMART HOME MARKET FOR PHYSICAL ACTIVITY MONITORS, BY REGION, 2019–2022 (USD MILLION)
TABLE 150 SMART HOME MARKET FOR PHYSICAL ACTIVITY MONITORS, BY REGION, 2023–2028 (USD MILLION)
TABLE 151 SMART HOME MARKET FOR PHYSICAL ACTIVITY MONITORS, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 152 SMART HOME MARKET FOR PHYSICAL ACTIVITY MONITORS, BY REGION, 2023–2028 (THOUSAND UNITS)
7.8 SMART KITCHEN
7.8.1 MARKET DYNAMICS
7.8.1.1 Drivers
7.8.1.1.1 Changing lifestyles and preferences of consumers
7.8.1.1.2 Rising importance of energy conservation
7.8.1.2 Restraints
7.8.1.2.1 High cost of smart kitchen appliances
7.8.1.3 Opportunities
7.8.1.3.1 Rising adoption of smart appliances in developing countries
7.8.1.3.2 Incorporation of IoT in kitchen appliances
7.8.2 PRODUCTS COVERED UNDER SMART KITCHEN
FIGURE 64 SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT
TABLE 153 SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2019–2022 (USD MILLION)
FIGURE 65 SMART DISHWASHERS SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 154 SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 155 SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2019–2022 (THOUSAND UNITS)
TABLE 156 SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2023–2028 (THOUSAND UNITS)
TABLE 157 SMART HOME MARKET FOR SMART KITCHEN, BY REGION, 2019–2022 (USD MILLION)
TABLE 158 SMART HOME MARKET FOR SMART KITCHEN, BY REGION, 2023–2028 (USD MILLION)
TABLE 159 SMART HOME MARKET FOR SMART KITCHEN, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 160 SMART HOME MARKET FOR SMART KITCHEN, BY REGION, 2023–2028 (THOUSAND UNITS)
7.8.2.1 Smart refrigerators
7.8.2.1.1 Keep track of how often doors have been opened
TABLE 161 SMART HOME MARKET FOR SMART REFRIGERATORS, BY REGION, 2019–2022 (USD MILLION)
TABLE 162 SMART HOME MARKET FOR SMART REFRIGERATORS, BY REGION, 2023–2028 (USD MILLION)
TABLE 163 SMART HOME MARKET FOR SMART REFRIGERATORS, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 164 SMART HOME MARKET FOR SMART REFRIGERATORS, BY REGION, 2023–2028 (THOUSAND UNITS)
7.8.2.2 Smart coffee makers
7.8.2.2.1 Wi-Fi- or Bluetooth-enabled devices that are fully automatic
TABLE 165 SMART HOME MARKET FOR SMART COFFEE MAKERS, BY REGION, 2019–2022 (USD MILLION)
TABLE 166 SMART HOME MARKET FOR SMART COFFEE MAKERS, BY REGION, 2023–2028 (USD MILLION)
TABLE 167 SMART HOME MARKET FOR SMART COFFEE MAKERS, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 168 SMART HOME MARKET FOR SMART COFFEE MARKERS, BY REGION, 2023–2028 (THOUSAND UNITS)
7.8.2.3 Smart kettles
7.8.2.3.1 Maintain temperature of water depending on user’s choice
TABLE 169 SMART HOME MARKET FOR SMART KETTLES, BY REGION, 2019–2022 (USD MILLION)
TABLE 170 SMART HOME MARKET FOR SMART KETTLES, BY REGION, 2023–2028 (USD MILLION)
TABLE 171 SMART HOME MARKET FOR SMART KETTLES, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 172 SMART HOME MARKET FOR SMART KETTLES, BY REGION, 2023–2028 (THOUSAND UNITS)
7.8.2.4 Smart dishwashers
7.8.2.4.1 Innovative features in smart dishwashers reduce human intervention
TABLE 173 SMART HOME MARKET FOR SMART DISHWASHERS, BY REGION, 2019–2022 (USD MILLION)
TABLE 174 SMART HOME MARKET FOR SMART DISHWASHERS, BY REGION, 2023–2028 (USD MILLION)
TABLE 175 SMART HOME MARKET FOR SMART DISHWASHERS, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 176 SMART HOME MARKET FOR SMART DISHWASHERS, BY REGION, 2023–2028 (THOUSAND UNITS)
7.8.2.5 Smart ovens
7.8.2.5.1 Help users reduce time required for cooking
TABLE 177 SMART HOME MARKET FOR SMART OVENS, BY REGION, 2019–2022 (USD MILLION)
TABLE 178 SMART HOME MARKET FOR SMART OVENS, BY REGION, 2023–2028 (USD MILLION)
TABLE 179 SMART HOME MARKET FOR SMART OVENS, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 180 SMART HOME MARKET FOR SMART OVENS, BY REGION, 2023–2028 (THOUSAND UNITS)
7.8.2.6 Smart cooktops
7.8.2.6.1 Ensure accurate heat circulation
TABLE 181 SMART HOME MARKET FOR SMART COOKTOPS, BY REGION, 2019–2022 (USD MILLION)
TABLE 182 SMART HOME MARKET FOR SMART COOKTOPS, BY REGION, 2023–2028 (USD MILLION)
TABLE 183 SMART HOME MARKET FOR SMART COOKTOPS, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 184 SMART HOME MARKET FOR SMART COOKTOPS, BY REGION, 2023–2028 (THOUSAND UNITS)
7.8.2.7 Smart cookers
7.8.2.7.1 Can be accessed and controlled through apps on smartphones or tablets
TABLE 185 SMART HOME MARKET FOR SMART COOKERS, BY REGION, 2019–2022 (USD MILLION)
TABLE 186 SMART HOME MARKET FOR SMART COOKERS, BY REGION, 2023–2028 (USD MILLION)
TABLE 187 SMART HOME MARKET FOR SMART COOKERS, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 188 SMART HOME MARKET FOR SMART COOKERS, BY REGION, 2023–2028 (THOUSAND UNITS)
7.9 HOME APPLIANCES
7.9.1 MARKET DYNAMICS
7.9.1.1 Drivers
7.9.1.1.1 Availability of wireless solutions
7.9.1.1.2 Rising energy prices to increase adoption of smart appliances
7.9.1.1.3 Increasing penetration of internet and smartphones worldwide
7.9.1.2 Restraints
7.9.1.2.1 Privacy concerns among end users
FIGURE 66 US: NUMBER OF DATA COMPROMISES, 2015–2021
7.9.1.2.2 Lack of awareness about smart appliances
7.9.1.3 Opportunities
7.9.1.3.1 Machine-to-machine (M2M) communication to provide new growth avenues
7.9.1.3.2 Integration of new technologies, such as AI, with smart appliances
7.9.2 PRODUCTS COVERED UNDER HOME APPLIANCES
FIGURE 67 SMART HOME MARKET FOR HOME APPLIANCE PRODUCTS
TABLE 189 SMART HOME MARKET FOR HOME APPLIANCES, BY PRODUCT, 2019–2022 (USD MILLION)
FIGURE 68 SMART WASHERS SEGMENT TO HOLD LARGEST MARKET SHARE IN 2023
TABLE 190 SMART HOME MARKET FOR HOME APPLIANCES, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 191 SMART HOME MARKET FOR HOME APPLIANCES, BY PRODUCT, 2019–2022 (THOUSAND UNITS)
TABLE 192 SMART HOME MARKET FOR HOME APPLIANCES, BY PRODUCT, 2023–2028 (THOUSAND UNITS)
TABLE 193 SMART HOME MARKET FOR HOME APPLIANCES, BY REGION, 2019–2022 (USD MILLION)
TABLE 194 SMART HOME MARKET FOR HOME APPLIANCES, BY REGION, 2023–2028 (USD MILLION)
TABLE 195 SMART HOME MARKET FOR HOME APPLIANCES, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 196 SMART HOME MARKET FOR HOME APPLIANCES, BY REGION, 2023–2028 (THOUSAND UNITS)
7.9.2.1 Smart washers
7.9.2.1.1 Innovative features in smart washers reduce human intervention
TABLE 197 SMART HOME MARKET FOR SMART WASHERS, BY REGION, 2019–2022 (USD MILLION)
TABLE 198 SMART HOME MARKET FOR SMART WASHERS, BY REGION, 2023–2028 (USD MILLION)
TABLE 199 SMART HOME MARKET FOR SMART WASHERS, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 200 SMART HOME MARKET FOR SMART WASHERS, BY REGION, 2023–2028 (THOUSAND UNITS)
7.9.2.2 Smart dryers
7.9.2.2.1 Help to increase energy efficiency and reduce human intervention
TABLE 201 SMART HOME MARKET FOR SMART DRYERS, BY REGION, 2019–2022 (USD MILLION)
TABLE 202 SMART HOME MARKET FOR SMART DRYERS, BY REGION, 2023–2028 (USD MILLION)
TABLE 203 SMART HOME MARKET FOR SMART DRYERS, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 204 SMART HOME MARKET FOR SMART DRYERS, BY REGION, 2023–2028 (THOUSAND UNITS)
7.9.2.3 Smart water heaters
7.9.2.3.1 Can turn off automatically when hot water demands are low
TABLE 205 SMART HOME MARKET FOR SMART WATER HEATERS, BY REGION, 2019–2022 (USD MILLION)
TABLE 206 SMART HOME MARKET FOR SMART WATER HEATERS, BY REGION, 2023–2028 (USD MILLION)
TABLE 207 SMART HOME MARKET FOR SMART WATER HEATERS, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 208 SMART HOME MARKET FOR SMART WATER HEATERS, BY REGION, 2023–2028 (THOUSAND UNITS)
7.9.2.4 Smart vacuum cleaners
7.9.2.4.1 Integration with robotic technology to fuel demand for smart vacuum cleaners
TABLE 209 SMART HOME MARKET FOR SMART VACUUM CLEANERS, BY REGION, 2019–2022 (USD MILLION)
TABLE 210 SMART HOME MARKET FOR SMART VACUUM CLEANERS, BY REGION, 2023–2028 (USD MILLION)
TABLE 211 SMART HOME MARKET FOR SMART VACUUM CLEANERS, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 212 SMART HOME MARKET FOR SMART VACUUM CLEANERS, BY REGION, 2023–2028 (THOUSAND UNITS)
7.10 SMART FURNITURE
7.10.1 MARKET DYNAMICS
7.10.1.1 Drivers
7.10.1.1.1 Changing consumer lifestyles
7.10.1.1.2 Growing trend toward adoption of space-saving furniture
7.10.1.2 Restraints
7.10.1.2.1 Reluctance toward adopting new technologies
7.10.1.2.2 High price of smart furniture
7.10.1.3 Opportunities
7.10.1.3.1 Incorporation of robotics into smart furniture
7.10.2 PRODUCTS COVERED UNDER SMART FURNITURE
FIGURE 69 SMART HOME MARKET FOR SMART FURNITURE PRODUCTS
TABLE 213 SMART HOME MARKET FOR SMART FURNITURE, BY PRODUCT, 2019–2022 (USD MILLION)
FIGURE 70 SMART SOFAS SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 214 SMART HOME MARKET FOR SMART FURNITURE, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 215 SMART HOME MARKET FOR SMART FURNITURE, BY REGION, 2019–2022 (USD MILLION)
TABLE 216 SMART HOME MARKET FOR SMART FURNITURE, BY REGION, 2023–2028 (USD MILLION)
7.10.2.1 Smart tables
7.10.2.1.1 Feature integrated induction-based drink warmer to maintain temperature of beverage
TABLE 217 SMART HOME MARKET FOR SMART TABLES, BY REGION, 2019–2022 (USD MILLION)
TABLE 218 SMART HOME MARKET FOR SMART TABLES, BY REGION, 2023–2028 (USD MILLION)
7.10.2.2 Smart desks
7.10.2.2.1 Provides multiple health benefits to users
TABLE 219 SMART HOME MARKET FOR SMART DESKS, BY REGION, 2019–2022 (USD MILLION)
TABLE 220 SMART HOME MARKET FOR SMART DESKS, BY REGION, 2023–2028 (USD MILLION)
7.10.2.3 Smart stools & benches
7.10.2.3.1 Help in reducing energy costs
TABLE 221 SMART HOME MARKET FOR SMART STOOLS & BENCHES, BY REGION, 2019–2022 (USD MILLION)
TABLE 222 SMART HOME MARKET FOR SMART STOOLS & BENCHES, BY REGION, 2023–2028 (USD MILLION)
7.10.2.4 Smart sofas
7.10.2.4.1 Equipped with sensors to help adjust shape as per user’s requirement
TABLE 223 SMART HOME MARKET FOR SMART SOFAS, BY REGION, 2019–2022 (USD MILLION)
TABLE 224 SMART HOME MARKET FOR SMART SOFAS, BY REGION, 2023–2028 (USD MILLION)
7.10.2.5 Smart chairs
7.10.2.5.1 Help in promoting healthy sitting posture
TABLE 225 SMART HOME MARKET FOR SMART CHAIRS, BY REGION, 2019–2022 (USD MILLION)
TABLE 226 SMART HOME MARKET FOR SMART CHAIRS, BY REGION, 2023–2028 (USD MILLION)
8 SMART HOME MARKET, BY SALES CHANNEL
8.1 INTRODUCTION
FIGURE 71 SMART HOME MARKET SEGMENTATION, BY SALES CHANNEL
TABLE 227 SMART HOME MARKET, BY SALES CHANNEL, 2019–2022 (USD BILLION)
FIGURE 72 INDIRECT SALES CHANNEL TO HOLD LARGER MARKET SHARE IN 2028
TABLE 228 SMART HOME MARKET, BY SALES CHANNEL, 2023–2028 (USD BILLION)
8.2 DIRECT SALES CHANNEL
8.2.1 PLAYERS WITH LIMITED SALES CHANNELS AND DISTRIBUTION NETWORKS TO OPT FOR DIRECT SALES
TABLE 229 SMART HOME MARKET FOR DIRECT SALES, BY REGION, 2019–2022 (USD BILLION)
TABLE 230 SMART HOME MARKET FOR DIRECT SALES, BY REGION, 2023–2028 (USD BILLION)
8.3 INDIRECT SALES CHANNEL
8.3.1 INCREASED CONVENIENCE TO ENHANCE CUSTOMER EXPERIENCE
TABLE 231 SMART HOME MARKET FOR INDIRECT SALES, BY REGION, 2019–2022 (USD BILLION)
TABLE 232 SMART HOME MARKET FOR INDIRECT SALES, BY REGION, 2023–2028 (USD BILLION)
9 SMART HOME MARKET, BY REGION
9.1 INTRODUCTION
FIGURE 73 CHINA TO WITNESS HIGHEST GROWTH IN SMART HOME MARKET DURING FORECAST PERIOD
TABLE 233 SMART HOME MARKET, BY REGION, 2019–2022 (USD BILLION)
FIGURE 74 ASIA PACIFIC FASTEST-GROWING REGION IN SMART HOME MARKET FROM 2023 TO 2028
TABLE 234 SMART HOME MARKET, BY REGION, 2023–2028 (USD BILLION)
9.2 NORTH AMERICA
9.2.1 REGULATORY FRAMEWORKS
9.2.1.1 Associations
9.2.1.2 Regulations and acts
FIGURE 75 NORTH AMERICA: SMART HOME MARKET SNAPSHOT
TABLE 235 NORTH AMERICA: SMART HOME MARKET, BY COUNTRY, 2019–2022 (USD BILLION)
TABLE 236 NORTH AMERICA: SMART HOME MARKET, BY COUNTRY, 2023–2028 (USD BILLION)
TABLE 237 NORTH AMERICA: SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 238 NORTH AMERICA: SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 239 NORTH AMERICA: SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2019–2022 (THOUSAND UNITS)
TABLE 240 NORTH AMERICA: SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2023–2028 (THOUSAND UNITS)
TABLE 241 NORTH AMERICA: SMART HOME MARKET FOR SECURITY & ACCESS CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 242 NORTH AMERICA: SMART HOME MARKET FOR SECURITY & ACCESS CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 243 NORTH AMERICA: SMART HOME MARKET FOR HVAC CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 244 NORTH AMERICA: SMART HOME MARKET FOR HVAC CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 245 NORTH AMERICA: SMART HOME MARKET FOR ENTERTAINMENT & OTHER CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 246 NORTH AMERICA: SMART HOME MARKET FOR ENTERTAINMENT & OTHER CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 247 NORTH AMERICA: SMART HOME MARKET FOR ENTERTAINMENT CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 248 NORTH AMERICA: SMART HOME MARKET FOR ENTERTAINMENT CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 249 NORTH AMERICA: SMART HOME MARKET FOR OTHER CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 250 NORTH AMERICA: SMART HOME MARKET FOR OTHER CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 251 NORTH AMERICA: SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 252 NORTH AMERICA: SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 253 NORTH AMERICA: SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2019–2022 (THOUSAND UNITS)
TABLE 254 NORTH AMERICA: SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2023–2028 (THOUSAND UNITS)
TABLE 255 NORTH AMERICA: SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 256 NORTH AMERICA: SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 257 NORTH AMERICA: SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2019–2022 (THOUSAND UNITS)
TABLE 258 NORTH AMERICA: SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2023–2028 (THOUSAND UNITS)
TABLE 259 NORTH AMERICA: SMART HOME MARKET FOR HOME APPLIANCES, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 260 NORTH AMERICA: SMART HOME MARKET FOR HOME APPLIANCES, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 261 NORTH AMERICA: SMART HOME MARKET FOR HOME APPLIANCES, BY PRODUCT, 2019–2022 (THOUSAND UNITS)
TABLE 262 NORTH AMERICA: SMART HOME MARKET FOR HOME APPLIANCES, BY PRODUCT, 2023–2028 (THOUSAND UNITS)
TABLE 263 NORTH AMERICA: SMART HOME MARKET FOR SMART FURNITURE, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 264 NORTH AMERICA: SMART HOME MARKET FOR SMART FURNITURE, BY PRODUCT, 2023–2028 (USD MILLION)
9.2.2 US
9.2.2.1 Presence of various key players to support market growth
9.2.3 CANADA
9.2.3.1 Growing economy to result in increased focus on transitioning toward smart homes
9.2.4 MEXICO
9.2.4.1 Growing economy and increasing use of consumer electronics to favor market growth
9.2.5 RANKING OF SMART CONTROL ECOSYSTEMS IN NORTH AMERICA
TABLE 265 RANKING IN NORTH AMERICA
TABLE 266 IMPACTFUL SMART CONTROLS/HUBS/PLATFORMS IN NORTH AMERICA
9.3 EUROPE
9.3.1 REGULATORY FRAMEWORKS
FIGURE 76 EUROPE: SMART HOME MARKET SNAPSHOT
TABLE 267 EUROPE: SMART HOME MARKET, BY COUNTRY, 2019–2022 (USD BILLION)
TABLE 268 EUROPE: SMART HOME MARKET, BY COUNTRY, 2023–2028 (USD BILLION)
TABLE 269 EUROPE: SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 270 EUROPE: SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 271 EUROPE: SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2019–2022 (THOUSAND UNITS)
TABLE 272 EUROPE: SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2023–2028 (THOUSAND UNITS)
TABLE 273 EUROPE: SMART HOME MARKET FOR SECURITY & ACCESS CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 274 EUROPE: SMART HOME MARKET FOR SECURITY & ACCESS CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 275 EUROPE: SMART HOME MARKET FOR HVAC CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 276 EUROPE: SMART HOME MARKET FOR HVAC CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 277 EUROPE: SMART HOME MARKET FOR ENTERTAINMENT & OTHER CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 278 EUROPE: SMART HOME MARKET FOR ENTERTAINMENT & OTHER CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 279 EUROPE: SMART HOME MARKET FOR ENTERTAINMENT CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 280 EUROPE: SMART HOME MARKET FOR ENTERTAINMENT CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 281 EUROPE: SMART HOME MARKET FOR OTHER CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 282 EUROPE: SMART HOME MARKET FOR OTHER CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 283 EUROPE: SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 284 EUROPE: SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 285 EUROPE: SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2019–2022 (THOUSAND UNITS)
TABLE 286 EUROPE: SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2023–2028 (THOUSAND UNITS)
TABLE 287 EUROPE: SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 288 EUROPE: SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 289 EUROPE: SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2019–2022 (THOUSAND UNITS)
TABLE 290 EUROPE: SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2023–2028 (THOUSAND UNITS)
TABLE 291 EUROPE: SMART HOME MARKET FOR HOME APPLIANCES, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 292 EUROPE: SMART HOME MARKET FOR HOME APPLIANCES, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 293 EUROPE: SMART HOME MARKET FOR HOME APPLIANCES, BY PRODUCT, 2019–2022 (THOUSAND UNITS)
TABLE 294 EUROPE: SMART HOME MARKET FOR HOME APPLIANCES, BY PRODUCT, 2023–2028 (THOUSAND UNITS)
TABLE 295 EUROPE: SMART HOME MARKET FOR SMART FURNITURE, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 296 EUROPE: SMART HOME MARKET FOR SMART FURNITURE, BY PRODUCT, 2023–2028 (USD MILLION)
9.3.2 UK
9.3.2.1 Initiatives to prevent fire accidents to support market growth
9.3.3 GERMANY
9.3.3.1 Adoption of zero-energy systems and development of smart cities to drive market
9.3.4 FRANCE
9.3.4.1 Initiatives to promote adoption of energy-saving products to propel market
9.3.5 ITALY
9.3.5.1 Government activities to promote minimum energy consumption products to boost market growth
9.3.6 REST OF EUROPE
9.3.7 RANKING OF SMART CONTROL ECOSYSTEMS IN EUROPE
TABLE 297 RANKING IN EUROPE
TABLE 298 FEW IMPACTFUL SMART CONTROLS/HUBS/PLATFORMS IN EUROPE
9.4 ASIA PACIFIC
9.4.1 REGULATORY FRAMEWORKS
FIGURE 77 ASIA PACIFIC: SMART HOME MARKET SNAPSHOT
TABLE 299 ASIA PACIFIC: SMART HOME MARKET, BY COUNTRY, 2019–2022 (USD BILLION)
TABLE 300 ASIA PACIFIC: SMART HOME MARKET, BY COUNTRY, 2023–2028 (USD BILLION)
TABLE 301 ASIA PACIFIC: SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 302 ASIA PACIFIC: SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 303 ASIA PACIFIC: SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2019–2022 (THOUSAND UNITS)
TABLE 304 ASIA PACIFIC: SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2023–2028 (THOUSAND UNITS)
TABLE 305 ASIA PACIFIC: SMART HOME MARKET FOR SECURITY & ACCESS CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 306 ASIA PACIFIC: SMART HOME MARKET FOR SECURITY & ACCESS CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 307 ASIA PACIFIC: SMART HOME MARKET FOR HVAC CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 308 ASIA PACIFIC: SMART HOME MARKET FOR HVAC CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 309 ASIA PACIFIC: SMART HOME MARKET FOR ENTERTAINMENT & OTHER CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 310 ASIA PACIFIC: SMART HOME MARKET FOR ENTERTAINMENT & OTHER CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 311 ASIA PACIFIC: SMART HOME MARKET FOR ENTERTAINMENT CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 312 ASIA PACIFIC: SMART HOME MARKET FOR ENTERTAINMENT CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 313 ASIA PACIFIC: SMART HOME MARKET FOR OTHER CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 314 ASIA PACIFIC: SMART HOME MARKET FOR OTHER CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 315 ASIA PACIFIC: SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 316 ASIA PACIFIC: SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 317 ASIA PACIFIC: SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2019–2022 (THOUSAND UNITS)
TABLE 318 ASIA PACIFIC: SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2023–2028 (THOUSAND UNITS)
TABLE 319 ASIA PACIFIC: SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 320 ASIA PACIFIC: SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 321 ASIA PACIFIC: SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2019–2022 (THOUSAND UNITS)
TABLE 322 ASIA PACIFIC: SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2023–2028 (THOUSAND UNITS)
TABLE 323 ASIA PACIFIC: SMART HOME MARKET FOR HOME APPLIANCES, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 324 ASIA PACIFIC: SMART HOME MARKET FOR HOME APPLIANCES, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 325 ASIA PACIFIC: SMART HOME MARKET FOR HOME APPLIANCES, BY PRODUCT, 2019–2022 (THOUSAND UNITS)
TABLE 326 ASIA PACIFIC: SMART HOME MARKET FOR HOME APPLIANCES, BY PRODUCT, 2023–2028 (THOUSAND UNITS)
TABLE 327 ASIA PACIFIC: SMART HOME MARKET FOR SMART FURNITURE, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 328 ASIA PACIFIC: SMART HOME MARKET FOR SMART FURNITURE, BY PRODUCT, 2023–2028 (USD MILLION)
9.4.2 JAPAN
9.4.2.1 High penetration rate of internet in households to favor market
9.4.3 SOUTH KOREA
9.4.3.1 High demand for advanced security due to growing security concerns to propel market
9.4.4 CHINA
9.4.4.1 Government initiatives for development of smart homes to drive market
9.4.5 AUSTRALIA
9.4.5.1 High demand for entertainment controls and security & access controls to boost market
9.4.6 REST OF ASIA PACIFIC
9.4.7 RANKING OF SMART CONTROL ECOSYSTEMS IN ASIA PACIFIC
TABLE 329 RANKING IN ASIA PACIFIC
TABLE 330 IMPACTFUL SMART CONTROLS/HUBS/PLATFORMS IN ASIA PACIFIC
9.5 REST OF THE WORLD
9.5.1 REGULATORY FRAMEWORKS
TABLE 331 REST OF THE WORLD: SMART HOME MARKET, BY REGION, 2019–2022 (USD BILLION)
FIGURE 78 SOUTH AMERICA TO HOLD LARGEST SHARE OF SMART HOME MARKET IN 2023
TABLE 332 REST OF THE WORLD: SMART HOME MARKET, BY REGION, 2023–2028 (USD BILLION)
TABLE 333 REST OF THE WORLD: SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 334 REST OF THE WORLD: SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 335 REST OF THE WORLD: SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2019–2022 (THOUSAND UNITS)
TABLE 336 REST OF THE WORLD: SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2023–2028(THOUSAND UNITS)
TABLE 337 REST OF THE WORLD: SMART HOME MARKET FOR SECURITY & ACCESS CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 338 REST OF THE WORLD: SMART HOME MARKET FOR SECURITY & ACCESS CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 339 REST OF THE WORLD: SMART HOME MARKET FOR HVAC CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 340 REST OF THE WORLD: SMART HOME MARKET FOR HVAC CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 341 REST OF THE WORLD: SMART HOME MARKET FOR ENTERTAINMENT & OTHER CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 342 REST OF THE WORLD: SMART HOME MARKET FOR ENTERTAINMENT & OTHER CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 343 REST OF THE WORLD: SMART HOME MARKET FOR ENTERTAINMENT CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 344 REST OF THE WORLD: SMART HOME MARKET FOR ENTERTAINMENT CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 345 REST OF THE WORLD: SMART HOME MARKET FOR OTHER CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 346 REST OF THE WORLD: SMART HOME MARKET FOR OTHER CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 347 REST OF THE WORLD: SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 348 REST OF THE WORLD: SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 349 REST OF THE WORLD: SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2019–2022 (THOUSAND UNITS)
TABLE 350 REST OF THE WORLD: SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2023–2028 (THOUSAND UNITS)
TABLE 351 REST OF THE WORLD: SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 352 REST OF THE WORLD: SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 353 REST OF THE WORLD: SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2019–2022 (THOUSAND UNITS)
TABLE 354 REST OF THE WORLD: SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2023–2028 (THOUSAND UNITS)
TABLE 355 REST OF THE WORLD: SMART HOME MARKET FOR HOME APPLIANCES, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 356 REST OF THE WORLD: SMART HOME MARKET FOR HOME APPLIANCES, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 357 REST OF THE WORLD: SMART HOME MARKET FOR HOME APPLIANCES, BY PRODUCT, 2019–2022 (THOUSAND UNITS)
TABLE 358 REST OF THE WORLD: SMART HOME MARKET FOR HOME APPLIANCES, BY PRODUCT, 2023–2028 (THOUSAND UNITS)
TABLE 359 REST OF THE WORLD: SMART HOME MARKET FOR SMART FURNITURE, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 360 REST OF THE WORLD: SMART HOME MARKET FOR SMART FURNITURE, BY PRODUCT, 2023–2028 (USD MILLION)
9.5.2 SOUTH AMERICA
9.5.2.1 Government initiatives to support infrastructural development to boost market
9.5.3 MIDDLE EAST
9.5.3.1 Growing consumer awareness regarding benefits of smart appliances to fuel market
9.5.4 AFRICA
9.5.4.1 Growing security concerns coupled with rising awareness of energy conservation to support market
9.5.5 RANKING OF SMART CONTROL ECOSYSTEMS IN REST OF THE WORLD
TABLE 361 RANKING IN MIDDLE EAST
10 PROTOCOLS AND TECHNOLOGIES USED IN SMART HOMES
10.1 INTRODUCTION
FIGURE 79 SMART HOME PROTOCOLS AND TECHNOLOGIES
10.2 CELLULAR NETWORK TECHNOLOGIES
10.2.1 CDMA NETWORK
10.2.1.1 Helps control smart home appliances and systems using channel access method
10.2.2 GSM/HSPA NETWORK
10.2.2.1 GSM modems control home appliances via short message services
FIGURE 80 GSM/HSPA NETWORK SETUP
10.2.3 LTE NETWORK
10.2.3.1 Enables real-time transfer of data across networks to remotely control smart home applications
10.3 PROTOCOLS AND STANDARDS
10.3.1 DALI
10.3.1.1 Full-duplex system that brings digital technology to lighting sector
FIGURE 81 WIRING FOR DALI FLUORESCENT DIMMING
10.3.2 NEMA
10.3.2.1 Standardizes necessary control devices needed to build complete lighting systems
10.3.3 KNX
10.3.3.1 Open standard supporting five communication media, making it versatile to use
10.3.4 DMX
10.3.4.1 Used in communication networks that control lights and effects
10.3.5 LONWORKS
10.3.5.1 Helps in building automation applications designed on low bandwidth for networking devices
FIGURE 82 LONWORKS NETWORK SETUP
10.3.6 ETHERNET
10.3.6.1 Ethernet-based systems used in home entertainment systems or whole-house automation solutions
10.3.7 MODBUS
10.3.7.1 Modbus transmits information between electronic devices over serial lines or via Ethernet
10.3.8 BACNET
10.3.8.1 BACnet protocol commonly used in building automation applications such as HVAC control, lighting control, and smart elevators
10.3.9 BLACK BOX
10.3.9.1 Helps in home automation and integration of home devices into a single console
10.3.10 PLC
10.3.10.1 Uses electric power for data transmission
10.4 WIRELESS COMMUNICATION TECHNOLOGIES
FIGURE 83 WIRELESS COMMUNICATION TECHNOLOGIES
10.4.1 ZIGBEE
10.4.1.1 Used in smart homes to carry small amounts of data over mid-range
10.4.2 Z-WAVE
10.4.2.1 Used in wireless residential control products and services
10.4.3 WI-FI
10.4.3.1 Ideal for data transmission across short distances in small and medium home automation systems
10.4.4 BLUETOOTH
10.4.4.1 Ensures interoperability, minimal interference, and energy efficiency in areas like automation, control, security, and energy management
10.4.5 ENOCEAN
10.4.5.1 Designed for smart home solutions dependent on energy-producing technologies
10.4.6 THREAD
10.4.6.1 Common standard used in smart home applications to connect them over internet and with cloud
10.4.7 INFRARED
10.4.7.1 Used in smart home applications for short- and medium-range communications and control
10.4.8 MESSAGE QUEUING TELEMETRY TRANSPORT (MQTT)
10.4.8.1 Used to send messages between devices in a distributed network
11 COMPETITIVE LANDSCAPE
11.1 OVERVIEW
11.2 STRATEGIES ADOPTED BY KEY PLAYERS
TABLE 362 OVERVIEW OF STRATEGIES DEPLOYED BY SMART HOME COMPANIES
11.2.1 PRODUCT PORTFOLIO
11.2.2 REGIONAL FOCUS
11.2.3 MANUFACTURING FOOTPRINT
11.2.4 ORGANIC/INORGANIC PLAY
11.3 REVENUE ANALYSIS
FIGURE 84 FIVE-YEAR REVENUE ANALYSIS OF TOP FIVE PLAYERS IN SMART HOME MARKET FOR HOME AUTOMATION SYSTEMS
11.4 MARKET SHARE ANALYSIS
TABLE 363 DEGREE OF COMPETITION: SMART HOME MARKET FOR HOME AUTOMATION SYSTEMS, 2022
FIGURE 85 SMART HOME MARKET SHARE ANALYSIS, BY KEY PLAYER, 2022
11.5 COMPANY EVALUATION QUADRANT
11.5.1 STARS
11.5.2 EMERGING LEADERS
11.5.3 PERVASIVE PLAYERS
11.5.4 PARTICIPANTS
FIGURE 86 SMART HOME MARKET: COMPANY EVALUATION QUADRANT, 2022
11.6 STARTUP/SME EVALUATION MATRIX
TABLE 364 STARTUPS/SMES IN SMART HOME MARKET
11.6.1 PROGRESSIVE COMPANIES
11.6.2 RESPONSIVE COMPANIES
11.6.3 DYNAMIC COMPANIES
11.6.4 STARTING BLOCKS
FIGURE 87 SMART HOME MARKET: STARTUP/SME EVALUATION MATRIX, 2022
TABLE 365 STARTUP PRODUCT MAPPING
11.7 FOOTPRINT ANALYSIS OF COMPANIES
TABLE 366 OVERALL FOOTPRINT ANALYSIS OF COMPANIES
TABLE 367 PRODUCT FOOTPRINT ANALYSIS OF COMPANIES
TABLE 368 SALES FOOTPRINT ANALYSIS OF COMPANIES
TABLE 369 REGIONAL FOOTPRINT ANALYSIS OF COMPANIES
11.8 COMPETITIVE SITUATIONS AND TRENDS
11.8.1 PRODUCT LAUNCHES
TABLE 370 PRODUCT LAUNCHES, JANUARY 2019–JANUARY 2023
11.8.2 DEALS
TABLE 371 DEALS, JANUARY 2019–JANUARY 2023
11.8.3 OTHER DEVELOPMENTS
TABLE 372 OTHER DEVELOPMENTS, JANUARY 2019–JANUARY 2023
12 COMPANY PROFILES
(Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)*
12.1 KEY PLAYERS
12.1.1 HONEYWELL
TABLE 373 HONEYWELL: BUSINESS OVERVIEW
FIGURE 88 HONEYWELL: COMPANY SNAPSHOT
12.1.2 SIEMENS
TABLE 374 SIEMENS: BUSINESS OVERVIEW
FIGURE 89 SIEMENS: COMPANY SNAPSHOT
12.1.3 JOHNSON CONTROLS
TABLE 375 JOHNSON CONTROLS: BUSINESS OVERVIEW
FIGURE 90 JOHNSON CONTROLS: COMPANY SNAPSHOT
12.1.4 SCHNEIDER ELECTRIC
TABLE 376 SCHNEIDER ELECTRIC: BUSINESS OVERVIEW
FIGURE 91 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
12.1.5 ASSA ABLOY
TABLE 377 ASSA ABLOY: BUSINESS OVERVIEW
FIGURE 92 ASSA ABLOY: COMPANY SNAPSHOT
12.1.6 AMAZON
TABLE 378 AMAZON: BUSINESS OVERVIEW
FIGURE 93 AMAZON: COMPANY SNAPSHOT
12.1.7 APPLE
TABLE 379 APPLE: BUSINESS OVERVIEW
FIGURE 94 APPLE: COMPANY SNAPSHOT
12.1.8 ADT
TABLE 380 ADT: BUSINESS OVERVIEW
FIGURE 95 ADT: COMPANY SNAPSHOT
12.1.9 ROBERT BOSCH
TABLE 381 ROBERT BOSCH: BUSINESS OVERVIEW
FIGURE 96 ROBERT BOSCH: COMPANY SNAPSHOT
12.1.10 ABB
TABLE 382 ABB: BUSINESS OVERVIEW
FIGURE 97 ABB: COMPANY SNAPSHOT
12.2 OTHER PLAYERS
12.2.1 SAMSUNG ELECTRONICS
12.2.2 SONY
12.2.3 OOMA
12.2.4 DELTA CONTROLS
12.2.5 CONTROL4
12.2.6 AXIS COMMUNICATIONS
12.2.7 COMCAST
12.2.8 ECOBEE
12.2.9 CRESTRON ELECTRONICS
12.2.10 SIMPLISAFE
12.2.11 SAVANT
12.2.12 CANARY
12.2.13 LG ELECTRONICS
12.2.14 LUTRON
12.2.15 LEGRAND
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)* might not be captured in case of unlisted companies.
13 ADJACENT AND RELATED MARKETS
13.1 INTRODUCTION
13.2 LIMITATIONS
13.3 CLEANING ROBOT MARKET
13.3.1 MARKET DEFINITION
13.3.2 MARKET OVERVIEW
13.3.3 CLEANING ROBOT MARKET, BY PRODUCT
FIGURE 98 FLOOR-CLEANING ROBOTS TO HOLD LARGEST SIZE OF CLEANING ROBOT MARKET BETWEEN 2022 AND 2027
TABLE 383 CLEANING ROBOT MARKET, BY PRODUCT, 2018–2021 (USD MILLION)
TABLE 384 CLEANING ROBOT MARKET, BY PRODUCT, 2022–2027 (USD MILLION)
13.3.4 CLEANING ROBOT MARKET, BY APPLICATION
FIGURE 99 CLEANING ROBOT MARKET FOR RESIDENTIAL APPLICATIONS TO HOLD MAJORITY SHARE BETWEEN 2022 AND 2027
TABLE 385 CLEANING ROBOT MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 386 CLEANING ROBOT MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
13.3.5 CLEANING ROBOT MARKET, BY REGION
FIGURE 100 CLEANING ROBOT MARKET IN ASIA PACIFIC TO REGISTER HIGHEST CAGR BETWEEN 2022 AND 2027
TABLE 387 CLEANING ROBOT MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 388 CLEANING ROBOT MARKET, BY REGION, 2022–2027 (USD MILLION)
13.4 BUILDING AUTOMATION SYSTEM MARKET
13.4.1 MARKET DEFINITION
13.4.2 MARKET OVERVIEW
13.4.3 BUILDING AUTOMATION SYSTEM MARKET, BY OFFERING
FIGURE 101 SECURITY & ACCESS CONTROLS SEGMENT HELD LARGEST MARKET SHARE IN 2022
TABLE 389 BUILDING AUTOMATION SYSTEM MARKET, BY OFFERING, 2018–2021 (USD MILLION)
TABLE 390 BUILDING AUTOMATION SYSTEM MARKET, BY OFFERING, 2022–2027 (USD MILLION)
13.4.4 BUILDING AUTOMATION SYSTEM MARKET, BY APPLICATION
FIGURE 102 COMMERCIAL APPLICATIONS SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2027
TABLE 391 BUILDING AUTOMATION SYSTEM MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 392 BUILDING AUTOMATION SYSTEM MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
13.4.5 BUILDING AUTOMATION SYSTEM MARKET, BY REGION
FIGURE 103 BUILDING AUTOMATION SYSTEM MARKET IN ASIA PACIFIC TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD
TABLE 393 BUILDING AUTOMATION SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 394 BUILDING AUTOMATION SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)
14 APPENDIX
14.1 DISCUSSION GUIDE
14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.3 CUSTOMIZATION OPTIONS
14.4 RELATED REPORTS
14.5 AUTHOR DETAILS
