[email protected] +44 20 8123 2220 (UK) +1 732 587 5005 (US) Contact Us | FAQ |

Smart Homes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

March 2023 | 142 pages | ID: S6A7245C1B6FEN
IMARC Group

US$ 2,499.00

E-mail Delivery (PDF), Hard Copy Mail Delivery, CD-ROM Mail Delivery

Download PDF Leaflet

Accepted cards
Wire Transfer
Checkout Later
Need Help? Ask a Question
Market Overview:

The global smart homes market size reached US$ 107.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 363.5 Billion by 2028, exhibiting a growth rate (CAGR) of 20.9% during 2023-2028.

Smart homes refer to household setups equipped with internet-enabled appliances that can be remotely controlled using a networked device. They include the computerization of lighting, smart appliances, home entertainment, heating, ventilation, and air conditioning (HVAC), and security systems. Smart homes enable homeowners to control, monitor, and automate various functions, appliances, and systems with smartphones or tablets through an internet connection. They assist in improving appliance functionality, increasing energy efficiency, centralizing operational control, and managing home security. Smart homes also provide real-time surveillance and motion detection and provide alerts during leakage and flooding.

Smart Homes Market Trends:

The increasing emphasis on energy conservation and reduced carbon emissions across the globe is creating a positive outlook for the market. Smart homes increase energy efficiency by effectively managing utilities and taking control of energy usage by automatically shutting-off electronic devices, such as television and gaming systems, when not in use. Furthermore, the rising adoption of home safety and monitoring systems, such as security cameras, video door alarms, facial-recognition devices, ultra-modern burglar alarms, and remote-controlled locks, is providing a considerable boost to the market growth. Additionally, the integration of power line communication technology capable of transferring data through electrical power lines, thus, reducing retrofitting costs and installation time, is creating a positive outlook for the market. Moreover, the rising adoption of the Internet of Things (IoT) in smart homes to provide comfort and reliability to users, enhance flexibility and security, and improve efficiency while saving energy is positively influencing the market growth. Furthermore, the improving living standards and the easy availability of affordable home automation solutions are propelling the market growth. Other factors, including rising initiatives by several governments to promote smart home devices to save energy, increasing expenditure capacities of consumers, and widespread adoption of wireless communication technologies, including WiFi, Bluetooth, near field communication (NFC), and fifth-generation (5G) network, are anticipated to drive the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global smart homes market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component and application.

Breakup by Component:

Hardware
Security
Home Automation
Home Entertainment
Home Healthcare
Smart Appliances
AI Speaker
Services
Energy Consumption and Management Services
Security Services
Healthcare Services
Entertainment Services

Breakup by Application:

Security and Surveillance
Lighting
Entertainment
Energy Management
HVAC
Smart Kitchen
Home Fitness and Wellness

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd, Amazon.com Inc., Emerson Electric Co., Honeywell International Inc., LG Electronics Inc., Lutron Electronics Co. Inc., Microsoft Corporation, Robert Bosch GmbH and Schneider Electric SE.

Key Questions Answered in This Report:

How has the global smart homes market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global smart homes market?
What are the key regional markets?
What is the breakup of the market based on the component?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global smart homes market and who are the key players?
What is the degree of competition in the industry?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL SMART HOMES MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY COMPONENT

6.1 Hardware
  6.1.1 Market Trends
  6.1.2 Key Segments
    6.1.2.1 Security
    6.1.2.2 Home Automation
    6.1.2.3 Home Entertainment
    6.1.2.4 Home Healthcare
  6.1.3 Market Forecast
6.2 Smart Appliances
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 AI Speaker
  6.3.1 Market Trends
  6.3.2 Market Forecast
6.4 Services
  6.4.1 Market Trends
  6.4.2 Key Segments
    6.4.2.1 Energy Consumption and Management Services
    6.4.2.2 Security Services
    6.4.2.3 Healthcare Services
    6.4.2.4 Entertainment Services
  6.4.3 Market Forecast

7 MARKET BREAKUP BY APPLICATION

7.1 Security and Surveillance
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Lighting
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Entertainment
  7.3.1 Market Trends
  7.3.2 Market Forecast
7.4 Energy Management
  7.4.1 Market Trends
  7.4.2 Market Forecast
7.5 HVAC
  7.5.1 Market Trends
  7.5.2 Market Forecast
7.6 Smart Kitchen
  7.6.1 Market Trends
  7.6.2 Market Forecast
7.7 Home Fitness and Wellness
  7.7.1 Market Trends
  7.7.2 Market Forecast

8 MARKET BREAKUP BY REGION

8.1 North America
  8.1.1 United States
    8.1.1.1 Market Trends
    8.1.1.2 Market Forecast
  8.1.2 Canada
    8.1.2.1 Market Trends
    8.1.2.2 Market Forecast
8.2 Asia-Pacific
  8.2.1 China
    8.2.1.1 Market Trends
    8.2.1.2 Market Forecast
  8.2.2 Japan
    8.2.2.1 Market Trends
    8.2.2.2 Market Forecast
  8.2.3 India
    8.2.3.1 Market Trends
    8.2.3.2 Market Forecast
  8.2.4 South Korea
    8.2.4.1 Market Trends
    8.2.4.2 Market Forecast
  8.2.5 Australia
    8.2.5.1 Market Trends
    8.2.5.2 Market Forecast
  8.2.6 Indonesia
    8.2.6.1 Market Trends
    8.2.6.2 Market Forecast
  8.2.7 Others
    8.2.7.1 Market Trends
    8.2.7.2 Market Forecast
8.3 Europe
  8.3.1 Germany
    8.3.1.1 Market Trends
    8.3.1.2 Market Forecast
  8.3.2 France
    8.3.2.1 Market Trends
    8.3.2.2 Market Forecast
  8.3.3 United Kingdom
    8.3.3.1 Market Trends
    8.3.3.2 Market Forecast
  8.3.4 Italy
    8.3.4.1 Market Trends
    8.3.4.2 Market Forecast
  8.3.5 Spain
    8.3.5.1 Market Trends
    8.3.5.2 Market Forecast
  8.3.6 Russia
    8.3.6.1 Market Trends
    8.3.6.2 Market Forecast
  8.3.7 Others
    8.3.7.1 Market Trends
    8.3.7.2 Market Forecast
8.4 Latin America
  8.4.1 Brazil
    8.4.1.1 Market Trends
    8.4.1.2 Market Forecast
  8.4.2 Mexico
    8.4.2.1 Market Trends
    8.4.2.2 Market Forecast
  8.4.3 Others
    8.4.3.1 Market Trends
    8.4.3.2 Market Forecast
8.5 Middle East and Africa
  8.5.1 Market Trends
  8.5.2 Market Breakup by Country
  8.5.3 Market Forecast

9 SWOT ANALYSIS

9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats

10 VALUE CHAIN ANALYSIS

11 PORTERS FIVE FORCES ANALYSIS

11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes

12 PRICE ANALYSIS

13 COMPETITIVE LANDSCAPE

13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
  13.3.1 ABB Ltd
    13.3.1.1 Company Overview
    13.3.1.2 Product Portfolio
    13.3.1.3 Financials
    13.3.1.4 SWOT Analysis
  13.3.2 Amazon.com Inc.
    13.3.2.1 Company Overview
    13.3.2.2 Product Portfolio
    13.3.2.3 Financials
    13.3.2.4 SWOT Analysis
  13.3.3 Emerson Electric Co.
    13.3.3.1 Company Overview
    13.3.3.2 Product Portfolio
    13.3.3.3 Financials
    13.3.3.4 SWOT Analysis
  13.3.4 Honeywell International Inc.
    13.3.4.1 Company Overview
    13.3.4.2 Product Portfolio
    13.3.4.3 Financials
    13.3.4.4 SWOT Analysis
  13.3.5 LG Electronics Inc.
    13.3.5.1 Company Overview
    13.3.5.2 Product Portfolio
    13.3.5.3 Financials
    13.3.5.4 SWOT Analysis
  13.3.6 Lutron Electronics Co. Inc.
    13.3.6.1 Company Overview
    13.3.6.2 Product Portfolio
    13.3.6.3 SWOT Analysis
  13.3.7 Microsoft Corporation
    13.3.7.1 Company Overview
    13.3.7.2 Product Portfolio
    13.3.7.3 Financials
    13.3.7.4 SWOT Analysis
  13.3.8 Robert Bosch GmbH
    13.3.8.1 Company Overview
    13.3.8.2 Product Portfolio
    13.3.8.3 Financials
    13.3.8.4 SWOT Analysis
  13.3.9 Schneider Electric SE
    13.3.9.1 Company Overview
    13.3.9.2 Product Portfolio
    13.3.9.3 Financials
    13.3.9.4 SWOT Analysis

LIST OF TABLES

Table 1: Global: Smart Homes Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Smart Homes Market Forecast: Breakup by Component (in Million US$), 2023-2028
Table 3: Global: Smart Homes Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Global: Smart Homes Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 5: Global: Smart Homes Market: Competitive Structure
Table 6: Global: Smart Homes Market: Key Players

LIST OF FIGURES

Figure 1: Global: Smart Homes Market: Major Drivers and Challenges
Figure 2: Global: Smart Homes Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Smart Homes Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Smart Homes Market: Breakup by Component (in %), 2022
Figure 5: Global: Smart Homes Market: Breakup by Application (in %), 2022
Figure 6: Global: Smart Homes Market: Breakup by Region (in %), 2022
Figure 7: Global: Smart Homes (Hardware) Market: Sales Value (in Million US$), 2017 & 2022
Figure 8: Global: Smart Homes (Hardware) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 9: Global: Smart Homes (Smart Appliances) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Smart Homes (Smart Appliances) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Smart Homes (AI Speaker) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Smart Homes (AI Speaker) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Smart Homes (Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Smart Homes (Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Smart Homes (Security and Surveillance) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Smart Homes (Security and Surveillance) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Smart Homes (Lighting) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Smart Homes (Lighting) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Smart Homes (Entertainment) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Smart Homes (Entertainment) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Smart Homes (Energy Management) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Smart Homes (Energy Management) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Smart Homes (HVAC) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Smart Homes (HVAC) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Smart Homes (Smart Kitchen) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Smart Homes (Smart Kitchen) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Smart Homes (Home Fitness and Wellness) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Smart Homes (Home Fitness and Wellness) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: North America: Smart Homes Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: North America: Smart Homes Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: United States: Smart Homes Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: United States: Smart Homes Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Canada: Smart Homes Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Canada: Smart Homes Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Asia-Pacific: Smart Homes Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Asia-Pacific: Smart Homes Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: China: Smart Homes Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: China: Smart Homes Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Japan: Smart Homes Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Japan: Smart Homes Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: India: Smart Homes Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: India: Smart Homes Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: South Korea: Smart Homes Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: South Korea: Smart Homes Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Australia: Smart Homes Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Australia: Smart Homes Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Indonesia: Smart Homes Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Indonesia: Smart Homes Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Others: Smart Homes Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Others: Smart Homes Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Europe: Smart Homes Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Europe: Smart Homes Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Germany: Smart Homes Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Germany: Smart Homes Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: France: Smart Homes Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: France: Smart Homes Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: United Kingdom: Smart Homes Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: United Kingdom: Smart Homes Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Italy: Smart Homes Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Italy: Smart Homes Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Spain: Smart Homes Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Spain: Smart Homes Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Russia: Smart Homes Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Russia: Smart Homes Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Others: Smart Homes Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Others: Smart Homes Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Latin America: Smart Homes Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Latin America: Smart Homes Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Brazil: Smart Homes Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Brazil: Smart Homes Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Mexico: Smart Homes Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Mexico: Smart Homes Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Others: Smart Homes Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Others: Smart Homes Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Middle East and Africa: Smart Homes Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Middle East and Africa: Smart Homes Market: Breakup by Country (in %), 2022
Figure 77: Middle East and Africa: Smart Homes Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Global: Smart Homes Industry: SWOT Analysis
Figure 79: Global: Smart Homes Industry: Value Chain Analysis
Figure 80: Global: Smart Homes Industry: Porter's Five Forces Analysis


More Publications