Market By Products, Services And Geography | Forecast 2019-2027
After a detailed analysis, Triton has concluded that the global smart home market is expected to display an upward trend in terms of revenue and estimated to grow at a CAGR of 15.01% from the forecasting years 2019 to 2027. The market was assessed to be worth $39690.39 million in the year 2018 and is predicted to generate a revenue of approximately $141112.45 million by the year 2027.
The smart home market includes technologies that increase the comfort and security of inhabitants within the house. These products use automation and IoT (Internet of Things) solutions to gather information and better serve the house occupants. The services increase the efficiency of the household and reduce electricity tariffs. The various smart home products are security, HVAC, lighting controllers, entertainment, energy management, home health and others.
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The smart home market report from Triton gives a detailed analysis of the market based on the market definition, key insights, evolution & transition, Porter’s five force analysis, key impact analysis, market attractiveness index, vendor scorecard and the industry components.
The growth of this market is driven by factors such as the growth in aging population, growth in the internet of things (IoT) devices, increase in urbanization & infrastructure projects and governmental initiatives. Of these, an increase in urbanization & infrastructure projects is the main driver. Urbanization has led to an increase in people’s disposable incomes, which raises the demand for automated solutions within the house. Smart city projects are increasing the need for smart home solutions. In addition, the reduction in electricity tariff by reducing wastage can be solved by smart home solutions.
Key opportunities such as demand from urban security and growth of smart city projects are leveraging the market growth over the projected period. However, the complex installation procedure of smart devices, problems with data management, the high price of smart home projects, privacy concerns, low awareness about the market and lack of standardization & problems with interoperability are the key challenges & restraints that are curbing the growth of the market globally.
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Geographies covered for the global smart home market:
• North America: United States and Canada
• Europe: United Kingdom, Germany, France, Italy, Spain, Russia and Rest of Europe
• Asia-Pacific: China, Japan, India, South Korea, ASEAN countries, Australia & New Zealand and Rest of Asia-Pacific
• Latin America: Brazil, Mexico and Rest of Latin America
• The Middle East and Africa: United Arab Emirates, Turkey, Saudi Arabia, South Africa and Rest of the Middle East & Africa
Report scope of the global smart home market covers the segmentation analysis of products and services.
• Products are sub-segmented into:
O Security
O Heating, Ventilation and Air Conditioning
O Lighting Controllers
O Entertainment
O Energy Management
O Home Health
O Others
• Services are sub-segmented into:
O Installation and Repair
O Customization
The top companies that have been studied in the smart home market are ABB Ltd., Blue Line Innovations, Inc., Centrica Connected Home Limited, Century Technologies Corp., Control4 Corporation, Crestron Electronics, Inc., EE Limited, Emerson Electric, Co., Honeywell International, Inc., Johnson Controls, Inc., LG Electronics, Inc., Samsung Electronics Co., Ltd., Schneider Electric SE, Siemens AG, Solatube International, Inc., United Technologies Corporation and Vodafone Group Plc.
The strategic analysis for each of these companies in the smart home market has been covered in detail. The company market share helps in diving into the information about the key market players and hold of each company on the market.
Market by Security Testing Typ ..
VIEW REPORT1. GLOBAL 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 HOME
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. GLOBAL 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. GLOBAL SMART HOME MARKET OUTLOOK - BY
SERVICES
4.1. INSTALLATION & REPAIR
4.2. CUSTOMIZATION
5. GLOBAL SMART HOME MARKET - REGIONAL OUTLOOK
5.1. NORTH AMERICA
5.1.1. MARKET BY PRODUCTS
5.1.2. MARKET BY SERVICES
5.1.3. COUNTRY ANALYSIS
5.1.3.1. UNITED STATES
5.1.3.2. CANADA
5.2. EUROPE
5.2.1. MARKET BY PRODUCTS
5.2.2. MARKET BY SERVICES
5.2.3. COUNTRY ANALYSIS
5.2.3.1. UNITED KINGDOM
5.2.3.2. GERMANY
5.2.3.3. FRANCE
5.2.3.4. SPAIN
5.2.3.5. ITALY
5.2.3.6. RUSSIA
5.2.3.7. REST OF EUROPE
5.3. ASIA-PACIFIC
5.3.1. MARKET BY PRODUCTS
5.3.2. MARKET BY SERVICES
5.3.3. COUNTRY ANALYSIS
5.3.3.1. CHINA
5.3.3.2. JAPAN
5.3.3.3. INDIA
5.3.3.4. SOUTH KOREA
5.3.3.5. ASEAN COUNTRIES
5.3.3.6. AUSTRALIA & NEW ZEALAND
5.3.3.7. REST OF ASIA-PACIFIC
5.4. LATIN AMERICA
5.4.1. MARKET BY PRODUCTS
5.4.2. MARKET BY SERVICES
5.4.3. COUNTRY ANALYSIS
5.4.3.1. BRAZIL
5.4.3.2. MEXICO
5.4.3.3. REST OF LATIN AMERICA
5.5. MIDDLE EAST AND AFRICA
5.5.1. MARKET BY PRODUCTS
5.5.2. MARKET BY SERVICES
5.5.3. COUNTRY ANALYSIS
5.5.3.1. UNITED ARAB EMIRATES
5.5.3.2. TURKEY
5.5.3.3. SAUDI ARABIA
5.5.3.4. SOUTH AFRICA
5.5.3.5. REST OF MIDDLE EAST & AFRICA
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
TABLE 1: GLOBAL SMART HOME MARKET, BY GEOGRAPHY, 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: GLOBAL SMART HOME MARKET, BY PRODUCTS, 2019-2027 (IN $ MILLION)
TABLE 6: GLOBAL SMART HOME MARKET, BY SERVICES, 2019-2027 (IN $ MILLION)
TABLE 7: GLOBAL SMART HOME MARKET, BY GEOGRAPHY, 2019-2027 (IN $
MILLION)
TABLE 8: NORTH AMERICA SMART HOME MARKET, BY COUNTRY, 2019-2027 (IN $
MILLION)
TABLE 9: NORTH AMERICA SMART HOME MARKET, BY PRODUCTS, 2019-2027 (IN $
MILLION)
TABLE 10: NORTH AMERICA SMART HOME MARKET, BY SERVICES, 2019-2027 (IN $
MILLION)
TABLE 11: EUROPE SMART HOME MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)
TABLE 12: EUROPE SMART HOME MARKET, BY PRODUCTS, 2019-2027 (IN $
MILLION)
TABLE 13: EUROPE SMART HOME MARKET, BY SERVICES, 2019-2027 (IN $
MILLION)
TABLE 14: ASIA-PACIFIC SMART HOME MARKET, BY COUNTRY, 2019-2027 (IN $
MILLION)
TABLE 15: ASIA-PACIFIC SMART HOME MARKET, BY PRODUCTS, 2019-2027 (IN $
MILLION)
TABLE 16: ASIA-PACIFIC SMART HOME MARKET, BY SERVICES, 2019-2027 (IN $
MILLION)
TABLE 17: LATIN AMERICA SMART HOME MARKET, BY COUNTRY, 2019-2027 (IN $
MILLION)
TABLE 18: LATIN AMERICA SMART HOME MARKET, BY PRODUCTS, 2019-2027 (IN $
MILLION)
TABLE 19: LATIN AMERICA SMART HOME MARKET, BY SERVICES, 2019-2027 (IN $
MILLION)
TABLE 20: MIDDLE EAST AND AFRICA SMART HOME MARKET, BY COUNTRY,
2019-2027 (IN $ MILLION)
TABLE 21: MIDDLE EAST AND AFRICA SMART HOME MARKET, BY PRODUCTS,
2019-2027 (IN $ MILLION)
TABLE 22: MIDDLE EAST AND AFRICA SMART HOME MARKET, BY SERVICES,
2019-2027 (IN $ MILLION)
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: GLOBAL SMART HOME MARKET, BY SECURITY, 2019-2027 (IN $
MILLION)
FIGURE 8: GLOBAL SMART HOME MARKET, BY HVAC, 2019-2027 (IN $ MILLION)
FIGURE 9: GLOBAL SMART HOME MARKET, BY LIGHTING CONTROLLERS, 2019-2027
(IN $ MILLION)
FIGURE 10: GLOBAL SMART HOME MARKET, BY ENTERTAINMENT, 2019-2027 (IN $
MILLION)
FIGURE 11: GLOBAL SMART HOME MARKET, BY ENERGY MANAGEMENT, 2019-2027 (IN
$ MILLION)
FIGURE 12: GLOBAL SMART HOME MARKET, BY HOME HEALTH, 2019-2027 (IN $
MILLION)
FIGURE 13: GLOBAL SMART HOME MARKET, BY OTHERS, 2019-2027 (IN $ MILLION)
FIGURE 14: GLOBAL SMART HOME MARKET, BY INSTALLATION & REPAIR,
2019-2027 (IN $ MILLION)
FIGURE 15: GLOBAL SMART HOME MARKET, BY CUSTOMIZATION, 2019-2027 (IN $
MILLION)
FIGURE 16: GLOBAL SMART HOME MARKET, REGIONAL OUTLOOK, 2018 & 2027
(IN %)
FIGURE 17: UNITED STATES SMART HOME MARKET, 2019-2027 (IN $ MILLION)
FIGURE 18: CANADA SMART HOME MARKET, 2019-2027 (IN $ MILLION)
FIGURE 19: UNITED KINGDOM SMART HOME MARKET, 2019-2027 (IN $ MILLION)
FIGURE 20: GERMANY SMART HOME MARKET, 2019-2027 (IN $ MILLION)
FIGURE 21: FRANCE SMART HOME MARKET, 2019-2027 (IN $ MILLION)
FIGURE 22: SPAIN SMART HOME MARKET, 2019-2027 (IN $ MILLION)
FIGURE 23: ITALY SMART HOME MARKET, 2019-2027 (IN $ MILLION)
FIGURE 24: RUSSIA SMART HOME MARKET, 2019-2027 (IN $ MILLION)
FIGURE 25: REST OF EUROPE SMART HOME MARKET, 2019-2027 (IN $ MILLION)
FIGURE 26: CHINA SMART HOME MARKET, 2019-2027 (IN $ MILLION)
FIGURE 27: JAPAN SMART HOME MARKET, 2019-2027 (IN $ MILLION)
FIGURE 28: INDIA SMART HOME MARKET, 2019-2027 (IN $ MILLION)
FIGURE 29: SOUTH KOREA SMART HOME MARKET, 2019-2027 (IN $ MILLION)
FIGURE 30: ASEAN COUNTRIES SMART HOME MARKET, 2019-2027 (IN $ MILLION)
FIGURE 31: AUSTRALIA & NEW ZEALAND SMART HOME MARKET, 2019-2027 (IN
$ MILLION)
FIGURE 32: REST OF ASIA-PACIFIC SMART HOME MARKET, 2019-2027 (IN $
MILLION)
FIGURE 33: BRAZIL SMART HOME MARKET, 2019-2027 (IN $ MILLION)
FIGURE 34: MEXICO SMART HOME MARKET, 2019-2027 (IN $ MILLION)
FIGURE 35: REST OF LATIN AMERICA SMART HOME MARKET, 2019-2027 (IN $
MILLION)
FIGURE 36: UNITED ARAB EMIRATES SMART HOME MARKET, 2019-2027 (IN $
MILLION)
FIGURE 37: TURKEY SMART HOME MARKET, 2019-2027 (IN $ MILLION)
FIGURE 38: SAUDI ARABIA SMART HOME MARKET, 2019-2027 (IN $ MILLION)
FIGURE 39: SOUTH AFRICA SMART HOME MARKET, 2019-2027 (IN $ MILLION)
FIGURE 40: REST OF MIDDLE EAST AND AFRICA SMART HOME MARKET, 2019-2027
(IN $ MILLION)