LATIN AMERICA SMART HOME MARKET 2019-2027

ICT | AI and IoT

LATIN AMERICA SMART HOME MARKET 2019-2027

Market By Products, Services And Geography | Forecast 2019-2027

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According to Triton, the smart home market in Latin America is expected to proliferate with a CAGR of 15.50% in the forecast period of 2019-2027.

The countries that have been scrutinized in Latin America’s smart home market are:

  •       Brazil
  •       Mexico
  •       Rest of Latin America

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In 2018, the majority of the market share was captured by Brazil in the Latin America smart home market. On the other hand, Mexico is anticipated to be the fastest-growing country in the market during forecast years. The large population and growing urbanization in Latin America are major drivers of the smart home market in the region. There is an increased need for convenience and security by the consumers. The growing demand for smart energy-efficient devices like smart lightings, climate control and security systems are the major factors responsible for the growth of the smart home market in the country. The collaboration of giants Telefónica and Huawei is set to bring in new prospects to the smart homes market in the securities segment. The government’s initiatives towards energy-efficient development is also a significant factor in the development of the smart home market in the region.

However, the lack of awareness amongst customers, high cost of appliances and the anxiety about data privacy are the major restraining factors in the Latin America region. Rest of Latin America region includes countries like Colombia, Argentina, Peru, Chile and Ecuador. These countries are relatively poor and the infrastructure required for smart home adoption is less developed. Hence the adoption of smart homes in the region will be late.

Honeywell International, Inc. is a diversified technology and manufacturing company, serving customers worldwide. Honeywell has its operations in four major business segments: aerospace; home & building technologies; performance materials & technologies and safety & productivity solutions. Honeywell's manufacturing, sales, service and research and development activities are mainly located in the US, Europe, Canada, Asia and Latin America.

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Table of Content

1. LATIN AMERICA SMART HOME MARKET - SUMMARY

2. INDUSTRY OUTLOOK

2.1. MARKET DEFINITION

2.2. KEY INSIGHTS

2.2.1. INCREASE IN ADOPTION OF ELECTRONIC GADGETS

2.2.2. CLOUD TECHNOLOGY HELPS IN THE GROWTH OF THE MARKET

2.2.3. INCREASED ADOPTION OF SMART HOMES

2.3. EVOLUTION & TRANSITION OF SMART HOMES

2.4. PORTER’S FIVE FORCE ANALYSIS

2.4.1. THREAT OF NEW ENTRANTS

2.4.2. THREAT OF SUBSTITUTE

2.4.3. BARGAINING POWER OF SUPPLIERS

2.4.4. BARGAINING POWER OF BUYERS

2.4.5. THREAT OF COMPETITIVE RIVALRY

2.5. KEY IMPACT ANALYSIS

2.5.1. COST

2.5.2. DATA SECURITY

2.5.3. COMFORT

2.6. MARKET ATTRACTIVENESS INDEX

2.7. VENDOR SCORECARD

2.8. INDUSTRY COMPONENTS

2.9. MARKET DRIVERS

2.9.1. GROWTH IN AGING POPULATION

2.9.2. GROWTH IN INTERNET OF THINGS (IOT) DEVICES

2.9.3. INCREASE IN URBANIZATION AND INFRASTRUCTURE PROJECTS

2.9.4. GOVERNMENTAL INITIATIVES

2.10. MARKET RESTRAINTS

2.10.1. COMPLEX INSTALLATION PROCEDURE OF SMART DEVICES

2.10.2. PROBLEMS WITH DATA MANAGEMENT

2.10.3. HIGH PRICE OF SMART HOME PROJECTS

2.10.4. PRIVACY CONCERNS

2.11. MARKET OPPORTUNITIES

2.11.1. DEMAND FROM URBAN SECURITY

2.11.2. GROWTH OF SMART CITY PROJECTS

2.12. MARKET CHALLENGES

2.12.1. LOW AWARENESS ABOUT THE MARKET

2.12.2. LACK OF STANDARDIZATION AND PROBLEMS WITH INTEROPERABILITY

3. LATIN AMERICA SMART HOME MARKET OUTLOOK - BY PRODUCTS

3.1. SECURITY

3.2. HVAC

3.3. LIGHTING CONTROLLERS

3.4. ENTERTAINMENT

3.5. ENERGY MANAGEMENT

3.6. HOME HEALTH

3.7. OTHERS

4. LATIN AMERICA SMART HOME MARKET OUTLOOK - BY SERVICES

4.1. INSTALLATION AND REPAIR

4.2. CUSTOMIZATION

5. LATIN AMERICA SMART HOME MARKET - REGIONAL OUTLOOK

5.1. BRAZIL

5.2. MEXICO

5.3. REST OF LATIN AMERICA

6. COMPETITIVE LANDSCAPE

6.1. ABB LTD.

6.2. BLUE LINE INNOVATIONS, INC.

6.3. CENTRICA CONNECTED HOME LIMITED

6.4. CENTURY TECHNOLOGIES CORP.

6.5. CONTROL4 CORPORATION

6.6. CRESTRON ELECTRONICS, INC.

6.7. EE LIMITED

6.8. EMERSON ELECTRIC, CO.

6.9. HONEYWELL INTERNATIONAL, INC.

6.10. JOHNSON CONTROLS, INC.

6.11. LG ELECTRONICS, INC.

6.12. SAMSUNG ELECTRONICS CO., LTD.

6.13. SCHNEIDER ELECTRIC SE

6.14. SIEMENS AG

6.15. SOLATUBE INTERNATIONAL, INC.

6.16. UNITED TECHNOLOGIES CORPORATION

6.17. VODAFONE GROUP PLC

7. RESEARCH METHODOLOGY & SCOPE

7.1. RESEARCH SCOPE & DELIVERABLES

7.2. SOURCES OF DATA

7.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: LATIN AMERICA SMART HOME MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 2: TECHNOLOGIES USED IN A HOME AREA NETWORK

TABLE 3: VENDOR SCORECARD

TABLE 4: KEY COUNTRIES BY CRIME INDEX

TABLE 5: LATIN AMERICA SMART HOME MARKET, BY PRODUCTS, 2019-2027 (IN $ MILLION)

TABLE 6: LATIN AMERICA SMART HOME MARKET, BY SERVICES, 2019-2027 (IN $ MILLION)

TABLE 7: LATIN AMERICA SMART HOME MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

List of Figures

FIGURE 1: EVOLUTION OF SMART HOME MARKET

FIGURE 2: PORTER’S FIVE FORCE ANALYSIS

FIGURE 3: KEY BUYING IMPACT ANALYSIS

FIGURE 4: MARKET ATTRACTIVENESS INDEX

FIGURE 5: INDUSTRY COMPONENTS

FIGURE 6: PERCENTAGE OF URBAN POPULATION ACROSS MAJOR REGIONS, 2017

FIGURE 7: LATIN AMERICA SMART HOME MARKET, BY SECURITY, 2019-2027 (IN $ MILLION)

FIGURE 8: LATIN AMERICA SMART HOME MARKET, BY HVAC, 2019-2027 (IN $ MILLION)

FIGURE 9: LATIN AMERICA SMART HOME MARKET, BY LIGHTING CONTROLLERS, 2019-2027 (IN $ MILLION)

FIGURE 10: LATIN AMERICA SMART HOME MARKET, BY ENTERTAINMENT, 2019-2027 (IN $ MILLION)

FIGURE 11: LATIN AMERICA SMART HOME MARKET, BY ENERGY MANAGEMENT, 2019-2027 (IN $ MILLION)

FIGURE 12: LATIN AMERICA SMART HOME MARKET, BY HOME HEALTH, 2019-2027 (IN $ MILLION)

FIGURE 13: LATIN AMERICA SMART HOME MARKET, BY OTHERS, 2019-2027 (IN $ MILLION)

FIGURE 14: LATIN AMERICA SMART HOME MARKET, BY INSTALLATION & REPAIR, 2019-2027 (IN $ MILLION)

FIGURE 15: LATIN AMERICA SMART HOME MARKET, BY CUSTOMIZATION, 2019-2027 (IN $ MILLION)

FIGURE 16: LATIN AMERICA SMART HOME MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)

FIGURE 17: BRAZIL SMART HOME MARKET, 2019-2027 (IN $ MILLION)

FIGURE 18: MEXICO SMART HOME MARKET, 2019-2027 (IN $ MILLION)

FIGURE 19: REST OF LATIN AMERICA SMART HOME MARKET, 2019-2027 (IN $ MILLION)

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