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Global Smart Home Market with COVID-19 Impact Analysis by Product (Lighting Control, Security & Access Control, HVAC Control, Smart Speaker, Smart Kitchen, Smart Furniture), Software & Services, Sales Channel, and Region - Forecast to 2026

  • ID: 5448441
  • Report
  • September 2021
  • Region: Global
  • 473 Pages
  • Markets and Markets
Global Smart Home Market is Forecast to Reach $138.9 Billion by 2026, Witnessing a CAGR of 10.4%

FEATURED COMPANIES

  • ABB
  • Armorax
  • Comcast
  • Honeywell
  • Lutron
  • Schneider Electric

The global smart home market is projected to grow from USD 84.5 billion in 2021 and is projected to reach USD 138.9 billion by 2026; it is expected to grow at a CAGR of 10.4% from 2021 to 2026.

The factors such as increasing disposable income of people in developing countries, increasing importance of home monitoring in remote locations, expansion of smart home product portfolio by a large number of players are driving the growth of the smart home market. However, concerns associated with security and privacy breaches is the key factor limiting the growth of the smart home market.

Market for smart furniture is expected to grow at the highest CAGR during the forecast period

The market for smart furniture is expected to grow at the highest CAGR during the forecast period. Continual technological advancements has resulted in the incorporation of various features such as wireless smartphone charging, induction beverage warmer, and Bluetooth speakers into single furniture, a factor further expected to bolster the smart furniture market growth.

Due to growing consumer shift towards connected devices, smart furniture market is expected to witness robust growth over the forecast period. Furthermore, increase in technological advancements and innovations will have a positive impact on the market growth. As a result of increasing discretionary income, people are now more likely to invest in smart furniture.

Market for proactive type software and services to grow at a higher CAGR during the forecast period

The proactive type software and services are expected to grow at a faster rate during the forecast period. The proactive type software enable the transfer of a higher volume of data than the behavioral type as they can provide end users with inputs on effective energy usage and actions on the physical parameters such as ambient humidity and temperature to reduce energy consumption. The algorithms associated with the proactive type software and services can also comparatively analyze the energy usage patterns based on the time of the day, historical data, and weather conditions.

Proactive type software and services are more beneficial than the behavioral type as they send recommendation signals to end users to take necessary actions to reduce energy consumption; consequently, based on the users’ actions, the measures to control the electronic devices can be implemented. Several proactive solutions are equipped with displays and web software packages, which provide additional information to the consumers, such as trends in energy usage and information pertaining to household baseline energy usage, alarms, and goal tracking.

Due to the benefits offered by the proactive type over behavioral, they are likely to be adopted to a larger extent in the smart home products in the coming years.

Lighting control to hold the second-largest share of the smart home market by 2021

The smart home market for lighting controls is expected to account for the second-largest share by 2021 The growth of this market can be attributed to the capability of lighting control to reduce electricity consumption in homes as the sensors adjust the intensity of artificial light according to the intensity of natural light. Lighting is one of the largest electrical loads in homes. However, lighting appliances and devices consume lesser energy compared to other residential electric appliances, which often leads to negligence toward their energy-saving potential.

Over the years, the growing environmental concerns have helped spread awareness regarding the importance of smart homes and home energy management measures. Increasing smart cities projects worldwide and rising modernization and infrastructural development would further contribute to the growth of the market. Moreover, intelligent lighting is gaining popularity and would be adopted widely to save energy in the near future. Hence, lighting controllers, now, play a vital role in reducing electricity consumption within households, along with ensuring comfort and convenience to the users.

Europe to hold a significant share of the smart home market during the forecast period

Europe is expected to hold a significantly large share for smart home market during the forecast period. A large population of technology enthusiasts in European countries such as the UK and Germany, prominent smart home product-manufacturing companies, growing awareness about residential energy conservation systems, and rising demand for lighting controllers are the key drivers for the growth of the smart home market in Europe.

Several major companies operating in the smart home market are based in Europe such as ABB (Switzerland), ASSA ABLOY (Sweden), Legrand (France), Robert Bosch (Germany), Schneider Electric (France), and Siemens (Germany), among others, which are focused towards developing innovative smart home solutions. Moreover, the EU has a high GDP rate, a high standard of living, which makes the adoption of smart homes and related products affordable to consumers.

Consumers in the EU are aware of the benefits of smart homes and the need for power efficiency. These factors have paved the way for increased adoption of smart home solutions in the region.

Research Coverage

This research report categorizes the smart home market on the basis of product, software & services sales channel, and geography. The report describes the major drivers, restraints, challenges, and opportunities pertaining to the smart home market and forecasts the same till 2026 (including analysis of COVID-19 impact on the market). Apart from these, the report also consists of leadership mapping and analysis of all the companies included in the smart home ecosystem.

The report profiles key players in the smart home market with their respective market ranking analysis. Prominent players profiled in this report are Honeywell (US), Siemens (Germany), Johnson Controls (Ireland), Schneider Electric (France), ASSA ABLOY (Sweden), Amazon (US), Apple (US), ADT (US), ABB (Switzerland), Robert Bosch (Germany), Sony (Japan), Samsung Electronics (South Korea), Ooma (US), Delta Controls (Canada), Control4 (US), Axis Communications (Sweden), Comcast (US), Smarthome (US), Crestron Electronics (US), SimpliSafe (US), Armorax (US), Canary (US), LG Electronics (South Korea), Lutron (US), and Legrand (France).

Breakup of Primary Interviews

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key industry experts in the smart home space. The break-up of primary participants for the report has been shown 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%, APAC - 30%, Europe - 20%, and RoW - 10%

The report would help leaders/new entrants in this market in the following ways:

  • This report segments the smart home market comprehensively and provides the closest market size projection for all subsegments across different regions.
  • The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth.
  • This report would help stakeholders understand their competitors better and gain more insights to improve their position in the business. The competitive landscape section includes competitor ecosystem, product developments and launches, partnerships, and mergers and acquisitions.
  • The analysis of the top 25 companies, based on the market rank as well as the product footprint will help stakeholders visualize the market positioning of these key players.
  • Patent analysis, trade data, and technological trends that will shape the market in the coming years has also been covered in this report.
Frequently Asked Questions about the Global Smart Home Market

What is the estimated value of the Global Smart Home Market?

The Global Smart Home Market was estimated to be valued at €84.50 Billion in 2021.

What is the growth rate of the Global Smart Home Market?

The growth rate of the Global Smart Home Market is 10.4%, with an estimated value of €138.90 Billion by 2026.

What is the forecasted size of the Global Smart Home Market?

The Global Smart Home Market is estimated to be worth €138.90 Billion by 2026.

Who are the key companies in the Global Smart Home Market?

Key companies in the Global Smart Home Market include ABB, ADT, Amazon, Apple, Armorax, ASSA ABLOY, Axis Communications, Canary and Control4.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ABB
  • Armorax
  • Comcast
  • Honeywell
  • Lutron
  • Schneider Electric
1 Introduction
1.1 Study Objectives
1.2 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
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
2.2.1 Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Approach 1 - Bottom-Up (Demand Side) - Demand for Smart Thermostats
Figure 4 Smart Home Market: Bottom-Up Approach
2.2.2 Top-Down Approach
Figure 5 Market Size Estimation Methodology: Approach 2 (Supply Side) - Revenue Generated from Smart Home Products Related to Home Automation
Figure 6 Market Size Estimation Methodology: Approach 2 (Supply Side) - Illustration of Revenue Estimation for One of the Companies in the Smart Home Market
Figure 7 Smart Home Market: Top-Down Approach
2.2.3 Market Projections
Table 1 Market Growth Assumptions
2.3 Market Breakdown and Data Triangulation
Figure 8 Data Triangulation
2.4 Research Assumptions
2.5 Limitations
2.6 Risk Assessment
3 Executive Summary
Figure 9 Annual Average Growth Rates of Electricity Demand in Key Regions, 2018-2020
Figure 10 Total Energy Consumption, Breakdown by Region, 2018-2020
Figure 11 Buildings Climate Tracker (BCT): Decarbonization Index Trend for Buildings and Construction (2015-2019)
Figure 12 Global Share of Buildings and Construction Final Energy and Emissions, 2019
Table 2 New Residential Construction in US, as of July 2021
Table 3 Construction Spending in US, July 2021
Figure 13 Global Propagation of COVID-19
Table 4 Recovery Scenarios for Global Economy
3.1 Realistic Scenario
3.2 Optimistic Scenario
3.3 Pessimistic Scenario
Figure 14 Smart Home Market: Growth Projection by Adopting Realistic, Optimistic, and Pessimistic Scenarios
Figure 15 Impact of COVID-19 on Smart Home Market
Figure 16 Entertainment and Other Controls to Account for Largest Size of Smart Home Market During Forecast Period
Figure 17 Behavioral Segment is Expected to Account for Larger Market Share in 2021
Figure 18 Indirect Sales Channel to Dominate Smart Home Market During Forecast Period
Figure 19 Smart Furniture Segment to Register Highest Growth During Forecast Period
Figure 20 North America to Account for Largest Share of Smart Home Market in 2021
4 Premium Insights
4.1 Attractive Opportunities in Smart Home Market
Figure 21 Increasing Number of Internet Users and Growing Adoption of Smart Devices to Drive Smart Home Market Growth During Forecast Period
4.2 Smart Home Market, by Product
Figure 22 Smart Furniture Segment to Grow at Highest Rate During Forecast Period
4.3 Smart Home Market, by Software & Service
Figure 23 Proactive Segment to Hold Larger Share of Smart Home Market in 2021
4.4 Smart Home Market, by Sales Channel
Figure 24 Indirect Sales Channel to Hold Larger Share of Smart Home Market in 2021
4.5 Smart Home Market, by Product and Region
Figure 25 Entertainment and Other Controls and US to Hold Largest Share of Smart Home Market in North America in 2021
4.6 Smart Home Market, by Country
Figure 26 US Held Largest Share of Smart Home Market in 2020
5 Market Overview
5.1 Introduction
5.2 Evolution
Figure 27 Evolution of Smart Homes
5.3 Market Dynamics
Figure 28 Smart Home Market: Drivers, Restraints, Opportunities, and Challenges
5.3.1 Drivers
Figure 29 Drivers for Smart Home Market and Their Impacts
5.3.1.1 Increasing Number of Internet Users and Growing Adoption of Smart Devices
Figure 30 Internet Users Till March 2021, by Region
5.3.1.2 Increasing Disposable Income of People in Developing Economies
Figure 31 GDP Per Capita in India and China
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 5 Energy-Saving Potential of Lighting Control
5.3.1.5 Expansion of Smart Home Product Portfolio by a Large Number of Players
5.3.1.6 Growing Concern About Safety, Security, and Convenience Among General Population
5.3.2 Restraints
Figure 32 Restraints for Smart Home Market and Their Impacts
5.3.2.1 More Convenience-Driven Rather Than Being 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 33 Opportunities for Smart Home Market and Their Impacts
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
5.3.3.4 Rise in Demand for Smart Home Products due to COVID-19
Table 6 Top 5 TV Brands, Ranked by Global TV Shipment, 3Q2020
5.3.4 Challenges
Figure 34 Challenges for Smart Home Market and Their Impacts
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 35 Supply Chain Analysis of Ecosystem of Smart Home: Manufacturing and Distribution Phases Add Maximum Value
5.4.1 Planning and Revising Funds
5.4.2 Research & Development (R&D)
5.4.3 Assembly, Distribution, and After-Sales Services
5.5 Ecosystem
Figure 36 Smart Home Market Ecosystem
Table 7 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's Business
Figure 37 AI in Home Appliances and Robotics to Impact Revenue of Smart Home Product Manufacturers During Forecast Period
5.7 Porter's Five Forces Model
Table 8 Smart Home Market: Porter's Five Forces Analysis
Figure 38 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 Help Fiserv (Europe) to Tackle Maintenance Constraints and Achieve Energy Savings
5.8.3 Honeywell (US)'s Security Solution Help Gateway Building (Australia) Improve Its Security and Visitor Access System
5.8.4 Siemens Building Technologies Provides Integrated Solution for Foundation Louis Vuitton Museum in Paris (France)
5.8.5 ADT (US) Renders an Advanced Access Control System to Port of Cork (Ireland)
5.9 Technology Analysis
5.9.1 Key Technology
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 Technology
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 9 Import Data for Thermostats (HS Code 903210), by Country, 2013-2020 (USD Million)
5.10.1.2 Import Scenario for Burglar/Fire Alarms
Table 10 Import Data for Burglar/Fire Alarms (Hs Code 853110), by Country, 2013-2020 (USD Million)
5.10.2 Export Scenario
5.10.2.1 Export Scenario for Thermostats
Table 11 Export Data for Thermostats (HS Code 903210), by Country, 2013-2020 (USD Million)
5.10.2.2 Export Scenario for Burglar/Fire Alarms
Table 12 Export Data for Burglar/Fire Alarms (HS Code 853110), by Country, 2013-2020 (USD Million)
5.11 Patent Analysis
Table 13 Patents in Smart Home Market, 2018-2020
Figure 39 Patents Published for Smart Home Market from 2010 to 2020
Table 14 Number of Patents Registered in Smart Home Market from 2010 to 2020
Figure 40 Top 10 Companies with Highest No. of Patent Applications from 2010 to 2020
5.12 Tariffs
Table 15 MFN Tariffs for Thermostats Exported by US
Table 16 MFN Tariffs for Thermostats Exported by China
Table 17 MFN  Tariffs for Burglar/Fire Alarms Exported by US
Table 18 MFN Tariffs for Burglar/Fire Alarms Exported by China
5.12.1 Positive Impact of Tariffs on Smart Home Products
5.12.2 Negative Impact of Tariffs on Smart Home Products
5.12.3 Regulations and Standards
5.12.3.1 Standards
5.12.4 Regulations
5.12.4.1 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 19 Average Selling Prices of Various Components of Smart Home Systems
Figure 41 Asp Trend for Led Drivers and Ballasts and Video Surveillance Cameras
Figure 42 Average Selling Price of Smart Kitchen and Home Appliances
6 Smart Home Market for Software & Services
6.1 Introduction
Figure 43 Smart Home Market for Software and Services, by Type
Table 20 Smart Home Market for Software and Services, by Type, 2017-2020 (USD Billion)
Figure 44 Behavioral Software and Services is Expected to Hold Larger Market Share During Forecast Period
Table 21 Smart Home Market for Software and Services, by Type, 2021-2026 (USD Billion)
6.2 Behavioral
6.2.1 Behavioral Software and Services Segment to Hold Larger Market Share During Forecast Period
6.3 Proactive
6.3.1 Proactive Software and Services Segment to Register Higher CAGR During Forecast Period
7 Smart Home Market, by Product
7.1 Introduction
Figure 45 Smart Home Market, by Product
Table 22 Smart Home Market, by Product, 2017-2020 (USD Million)
Figure 46 Smart Furniture Segment to Grow at Highest CAGR During Forecast Period
Table 23 Smart Home Market, by Product, 2021-2026 (USD Million)
7.2 Lighting Control
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 Energy 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 Control Systems
7.2.1.2.2 Limited Awareness About Benefits of Lighting Control
7.2.1.2.3 High Installation Costs
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 a Paradigm Shift
7.2.1.3.2 Expanding Mood Lighting Segment to Create Growth Opportunities for Lighting Control Systems
7.2.1.3.3 Increasing Demand for Daylight Sensors to Foster the Growth of the Smart Home Market
7.2.2 Products Considered Under Lighting Control
Figure 47 Smart Home Market for Lighting Control Products
Table 24 Smart Home Market for Lighting Control, by Product, 2017-2020 (USD Million)
Figure 48 Occupancy Sensors to Hold Largest Share of Smart Home Market for Lighting Control During Forecast Period
Table 25 Smart Home Market for Lighting Control, by Product, 2021-2026 (USD Million)
Table 26 Smart Home Market for Lighting Control, by Product, 2017-2020 (Thousand Units)
Table 27 Smart Home Market for Lighting Control, by Product, 2021-2026 (Thousand Units)
Table 28 Smart Home Market for Lighting Control, by Region, 2017-2020 (USD Million)
Table 29 Smart Home Market for Lighting Control, by Region, 2021-2026 (USD Million)
Table 30 Smart Home Market for Lighting Control, by Region, 2017-2020 (Thousand Units)
Table 31 Smart Home Market for Lighting Control, by Region, 2021-2026 (Thousand Units)
7.2.2.1 Relays
7.2.2.1.1 Relays Work as On/Off Switches in Lighting Control Systems
Table 32 Smart Home Market for Relays, by Region, 2017-2020 (USD Million)
Table 33 Smart Home Market for Relays, by Region, 2021-2026 (USD Million)
Table 34 Smart Home Market for Relays, by Region, 2017-2020 (Thousand Units)
Table 35 Smart Home Market for Relays, by Region, 2021-2026 (Thousand Units)
7.2.2.2 Occupancy Sensors
7.2.2.2.1 Occupancy Sensors Detect Presence of Individuals to Switch Lights On/Off
Table 36 Smart Home Market for Occupancy Sensors, by Region, 2017-2020 (USD Million)
Table 37 Smart Home Market for Occupancy Sensors, by Region, 2021-2026 (USD Million)
Table 38 Smart Home Market for Occupancy Sensors, by Region, 2017-2020 (Thousand Units)
Table 39 Smart Home Market for Occupancy Sensors, by Region, 2021-2026 (Thousand Units)
7.2.2.3 Daylight Sensors
7.2.2.3.1 Daylight Sensors Function as Photosensors to Measure Intensity of Natural Light and Accordingly Adjust Amount of Artificial Light
Table 40 Smart Home Market for Daylight Sensors, by Region, 2017-2020 (USD Million)
Table 41 Smart Home Market for Daylight Sensors, by Region, 2021-2026 (USD Million)
Table 42 Smart Home Market for Daylight Sensors, by Region, 2017-2020 (Thousand Units)
Table 43 Smart Home Market for Daylight Sensors, by Region, 2021-2026 (Thousand Units)
7.2.2.4 Timers
7.2.2.4.1 Timers are Used to Turn Lights On/Off Automatically After a Pre-Specified Time
Table 44 Smart Home Market for Timers, by Region, 2017-2020 (USD Million)
Table 45 Smart Home Market for Timers, by Region, 2021-2026 (USD Million)
Table 46 Smart Home Market for Timers, by Region, 2017-2020 (Thousand Units)
Table 47 Smart Home Market for Timers, by Region, 2021-2026 (Thousand Units)
7.2.2.5 Dimmers
7.2.2.5.1 Dimmers are Used to Adjust Brightness in Lighting Control Systems by Means of Voltage Variation
Table 48 Smart Home Market for Dimmers, by Region, 2017-2020 (USD Million)
Table 49 Smart Home Market for Dimmers, by Region, 2021-2026 (USD Million)
Table 50 Smart Home Market for Dimmers, by Region, 2017-2020 (Thousand Units)
Table 51 Smart Home Market for Dimmers, by Region, 2021-2026 (Thousand Units)
7.2.2.6 Switches
7.2.2.6.1 Switches Can be Categorized as Manual and Remote-Controlled
Table 52 Smart Home Market for Switches, by Region, 2017-2020 (USD Million)
Table 53 Smart Home Market for Switches, by Region, 2021-2026 (USD Million)
Table 54 Smart Home Market for Switches, by Region, 2017-2020 (Thousand Units)
Table 55 Smart Home Market for Switches, by Region, 2021-2026 (Thousand Units)
7.2.2.7 Accessories and Other Products
Table 56 Smart Home Market for Accessories and Other Products, by Region, 2017-2020 (USD Million)
Table 57 Smart Home Market for Accessories and Other Products, by Region, 2021-2026 (USD Million)
Table 58 Smart Home Market for Accessories and Other Products, by Region, 2017-2020 (Thousand Units)
Table 59 Smart Home Market for Accessories and Other Products, by Region, 2021-2026 (Thousand Units)
7.3 Security and Access Control
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 Regards to Privacy
7.3.1.2.2 High Initial Setup Costs to Hinder Market Growth
7.3.1.2.3 Limited Adoption of Access Control as a Service (ACaaS)
7.3.1.3 Opportunities
7.3.1.3.1 Significant Prospects of Biometrics Technologies in Home Security Applications
7.3.1.3.2 Increase in Adoption of Security and Access Control Systems Post COVID-19 Outbreak
7.3.2 Products Covered Under Security and Access Control
Figure 49 Smart Home Market for Security and Access Control Products
Table 60 Smart Home Market for Security and Access Control, by Product, 2017-2020 (USD Million)
Figure 50 Video Surveillance Segment to Hold a Larger Share of Market for Security and Access Control During Forecast Period
Table 61 Smart Home Market for Security and Access Control, by Product, 2021-2026 (USD Million)
Table 62 Smart Home Market for Security and Access Control, by Region, 2017-2020 (USD Million)
Table 63 Smart Home Market for Security and Access Control, by Region, 2021-2026 (USD Million)
7.3.2.1 Video Surveillance
Table 64 Smart Home Market for Video Surveillance, by Offering, 2017-2020 (USD Million)
Figure 51 Software Segment to Register Highest CAGR in Video Surveillance Market During Forecast Period
Table 65 Smart Home Market for Video Surveillance, by Offering, 2021-2026 (USD Million)
Table 66 Smart Home Market for Video Surveillance, by Region, 2017-2020 (USD Million)
Table 67 Smart Home Market for Video Surveillance, by Region, 2021-2026 (USD Million)
7.3.2.1.1 Hardware
Table 68 Smart Home Market for Video Surveillance, by Hardware, 2017-2020 (USD Million)
Figure 52 Cameras to Hold Largest Share of Smart Home Market for Video Surveillance Hardware During Forecast Period
Table 69 Smart Home Market for Video Surveillance, by Hardware, 2021-2026 (USD Million)
7.3.2.1.1.1 Cameras
7.3.2.1.1.1.1 Cameras Capture Video Footage of Places Under Surveillance and Can Operate Nonstop
7.3.2.1.1.2 IP Camera
7.3.2.1.1.2.1 IP Cameras are Equipped with Embedded Web Servers and Can be Accessed and Controlled Over IP Networks
7.3.2.1.1.3 Analog Camera
7.3.2.1.1.3.1 Analog Cameras Have Lower Initial Costs and Require Lesser Technical Maintenance Compared to That of IP Cameras
Table 70 Smart Home Market for Video Surveillance Cameras, by Type, 2017-2020 (USD Million)
Table 71 Smart Home Market for Video Surveillance Cameras, by Type, 2021-2026 (USD Million)
Table 72 Smart Home Market for Video Surveillance Cameras, by Type, 2017-2020 (Thousand Units)
Table 73 Smart Home Market for Video Surveillance Cameras, by Type, 2021-2026 (Thousand Units)
7.3.2.1.1.4 Storage Devices
7.3.2.1.1.4.1 Introduction of IP Cameras Has Boosted Demand for IP-based Surveillance Storage Systems and Technologies
7.3.2.1.1.5 Monitors
7.3.2.1.1.5.1 Monitors Project Data Obtained by Cameras as Output of Video Surveillance Systems
7.3.2.1.1.6 Other Accessories
7.3.2.1.1.6.1 Other Accessories are Used for Connecting Various Devices and Enhancing Video Surveillance Capabilities
7.3.2.1.2 Software
7.3.2.1.2.1 Software Provides Interface Between Hardware and System Users
7.3.2.1.2.2 Video Analytics Software
7.3.2.1.2.2.1 Video Analytics Solutions Automatically Monitor Cameras and Alert Users About Unusual or Suspicious Events
7.3.2.1.2.3 Video Management Software (VMS)
7.3.2.1.2.3.1 Video Management Software is a Platform for Video Monitoring, Recording, and Analysis
7.3.2.1.2.4 Neural Networks and Algorithms
7.3.2.1.2.4.1 Neural Networks and Algorithms are Used to Extract Patterns or Coded Data to Identify Behavioral Trends
7.3.2.2 Access Control
Table 74 Smart Home Market for Access Control, by Offering, 2017-2020 (USD Million)
Figure 53 Hardware Segment to Hold Largest Share of Smart Home Market for Access Control During Forecast Period
Table 75 Smart Home Market for Access Control, by Offering, 2021-2026 (USD Million)
Table 76 Smart Home Market for Access Control, by Region, 2017-2020 (USD Million)
Table 77 Smart Home Market for Access Control, by Region, 2021-2026 (USD Million)
7.3.2.2.1 Hardware
Table 78 Smart Home Market for Access Control Hardware, by Type, 2017-2020 (USD Million)
Figure 54 Card-based Readers to Hold Largest Share of Smart Home Market for Access Control Hardware During Forecast Period
Table 79 Smart Home Market for Access Control Hardware, by Type, 2021-2026 (USD Million)
7.3.2.2.1.1 Non-Biometric
7.3.2.2.1.1.1 Card-based Readers
7.3.2.2.1.1.1.1 Cart-based Readers are Used to Authenticate User Identity
7.3.2.2.1.1.2 Multi-Technology Readers
7.3.2.2.1.1.2.1 Multi-Technology Readers Employ Combination of Card and Biometrics
7.3.2.2.1.1.3 Electronic Locks
7.3.2.2.1.1.3.1 Electronic Locks Cannot be Tampered with and Provide Better Security Than Mechanical Locks
7.3.2.2.1.2 Controllers
7.3.2.2.1.2.1 Control Panels Transmit Data Between Readers and Software Through Various Types of Communication Interfaces
7.3.2.2.1.3 Biometric Readers
7.3.2.2.1.3.1 Facial Recognition
7.3.2.2.1.3.1.1 Facial Recognition Systems Use Numeric Codes Called Face Prints
7.3.2.2.1.3.2 Iris Recognition
7.3.2.2.1.3.2.1 Iris Recognition is More Detail-Oriented And, Thereby, Provides High Level of Security
7.3.2.2.1.3.3 Fingerprint Recognition
7.3.2.2.1.3.3.1 Fingerprint Recognition Used in Police Investigations, Defense-Related Purposes, and Immigration Applications
7.3.2.2.1.3.4 Palm Recognition
7.3.2.2.1.3.4.1 Palm Recognition Has Many Unique Advantages, Including High Recognition Rate, Low Cost of Acquisition Equipment, and Good User Acceptance
7.3.2.2.1.3.5 Voice Recognition
7.3.2.2.1.3.5.1 Voice Recognition Enables Hands-Free Control of Devices
7.3.2.2.1.3.6 Other Biometric Readers
Table 80 Smart Home Market for Biometric Readers, by Type, 2017-2020 (USD Million)
Table 81 Smart Home Market for Biometric Readers, by Type, 2021-2026 (USD Million)
Table 82 Smart Home Market for Biometric Readers, by Type, 2017-2020 (Thousand Units)
Table 83 Smart Home Market for Biometric Readers, by Type, 2021-2026 (Thousand Units)
7.3.2.2.1.4 Others
7.3.2.3 Software
7.3.2.3.1 Access Control Software is 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 Services Majorly Include Installation, Support, and Maintenance Services
7.4 HVAC Control
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 Fueling Demand for HVAC Controls
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 Systems
7.4.1.2.3 High Costs 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
7.4.1.3.3 Integration of Smart Devices with HVAC Systems
7.4.2 Products Covered Under HVAC Control
Figure 55 Smart Home Market for HVAC Control Products and Components
Table 84 Smart Home Market for HVAC Control, by Product, 2017-2020 (USD Million)
Figure 56 Pumps & Fans Segment to Hold Largest Size of Smart Home Market for HVAC Control During Forecast Period
Table 85 Smart Home Market for HVAC Control, by Product, 2021-2026 (USD Million)
Table 86 Smart Home Market for HVAC Control, by Region, 2017-2020 (USD Million)
Table 87 Smart Home Market for HVAC Control, by Region, 2021-2026 (USD Million)
7.4.2.1 Smart Thermostats
7.4.2.1.1 Smart Thermostats Maintain Temperature at Required Levels
Table 88 Smart Home Market for Smart Thermostats, by Region, 2017-2020 (USD Million)
Table 89 Smart Home Market for Smart Thermostats, by Region, 2021-2026 (USD Million)
Table 90 Smart Home Market for Smart Thermostats, by Region, 2017-2020 (Thousand Units)
Table 91 Smart Home Market for Smart Thermostats, by Region, 2021-2026 (Thousand Units)
7.4.2.2 Sensors
7.4.2.2.1 Sensors Perform Logical Functions Such as Making Decisions and Communicating with Other Systems
Table 92 Smart Home Market for Sensors, by Region, 2017-2020 (USD Million)
Table 93 Smart Home Market for Sensors, by Region, 2021-2026 (USD Million)
7.4.2.3 Control Valves
7.4.2.3.1 Control Valves Regulate Flow of Fluids in Various Processes
Table 94 Smart Home Market for Control Valves, by Region, 2017-2020 (USD Million)
Table 95 Smart Home Market for Control Valves, by Region, 2021-2026 (USD Million)
7.4.2.4 Heating and Cooling Coils
7.4.2.4.1 HVAC Systems Use Coils to Maintain Temperature
Table 96 Smart Home Market for Heating & Cooling Coils, by Region, 2017-2020 (USD Million)
Table 97 Smart Home Market for Heating & Cooling Coils, by Region, 2021-2026 (USD Million)
7.4.2.5 Dampers
7.4.2.5.1 Dampers Regulate Flow of Hot/Cold Air in Rooms
Table 98 Smart Home Market for Dampers, by Region, 2017-2020 (USD Million)
Table 99 Smart Home Market for Dampers, by Region, 2021-2026 (USD Million)
7.4.2.6 Actuators
7.4.2.6.1 Actuators Control Dampers and Valves in HVAC Systems
Table 100 Smart Home Market for Actuators, by Region, 2017-2020 (USD Million)
Table 101 Smart Home Market for Actuators, by Region, 2021-2026 (USD Million)
7.4.2.7 Pumps and Fans
7.4.2.7.1 Pumps and Exhaust Fans in HVAC Maintain Comfor  Table Temperature in Buildings
Table 102 Smart Home Market for Pumps & Fans, by Region, 2017-2020 (USD Million)
Table 103 Smart Home Market for Pumps & Fans, by Region, 2021-2026 (USD Million)
7.4.2.8 Smart Vents
7.4.2.8.1 Smart Vents Can be Programmed to Open and Close According to Temperature Conditions of Rooms
Table 104 Smart Home Market for Smart Vents, by Region, 2017-2020 (USD Million)
Table 105 Smart Home Market for Smart Vents, by Region, 2021-2026 (USD Million)
7.5 Entertainment Control and Other Controls
Table 106 Smart Home Market for Entertainment and Other Controls, by Product, 2017-2020 (USD Million)
Figure 57 Market for Entertainment Control to Grow at Higher CAGR During Forecast Period
Table 107 Smart Home Market for Entertainment and Other Controls, by Product, 2021-2026 (USD Million)
Table 108 Smart Home Market for Entertainment and Other Controls, by Region, 2017-2020 (USD Million)
Table 109 Smart Home Market for Entertainment and Other Controls, by Region, 2021-2026 (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 Towards 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 Entertainment Control Products
Figure 58 Smart Home Market for Entertainment Control, by Product
Table 110 Smart Home Market for Entertainment Control, by Product, 2017-2020 (USD Million)
Figure 59 Audio & Volume Controls Segment to Command Largest Market Share During Forecast Period
Table 111 Smart Home Market for Entertainment Control, by Product, 2021-2026 (USD Million)
Table 112 Smart Home Market for Entertainment Control, by Region, 2017-2020 (USD Million)
Table 113 Smart Home Market for Entertainment Control, by Region, 2021-2026 (USD Million)
7.5.2.1 Audio and Volume Controls
7.5.2.1.1 Audio and Volume Control Systems Enable Playback and Music Control Throughout Homes
Table 114 Smart Home Market for Audio & Volume Controls, by Region, 2017-2020 (USD Million)
Table 115 Smart Home Market for Audio & Volume Controls, by Region, 2021-2026 (USD Million)
7.5.2.2 Home Theater System Controls
7.5.2.2.1 Home Theater Systems are Professionally Designed to Provide Ultimate Movie-Viewing Experience
Table 116 Smart Home Market for Home Theater System Controls, by Region, 2017-2020 (USD Million)
Table 117 Smart Home Market for Home Theater System Controls, by Region, 2021-2026 (USD Million)
7.5.2.3 Touchscreens and Keypads
7.5.2.3.1 Touchscreens and Keypads Control Audio-Video Distribution at Homes
Table 118 Smart Home Market for Touchscreens & Keypads, by Region, 2017-2020 (USD Million)
Table 119 Smart Home Market for Touchscreens & Keypads, by Region, 2021-2026 (USD Million)
7.5.3 Other Control Products
Figure 60 Smart Home Market for Other Controls, by Product
Table 120 Smart Home Market for Other Controls, by Product, 2017-2020 (USD Million)
Figure 61 Smart Hubs Segment to Grow at Highest CAGR During Forecast Period
Table 121 Smart Home Market for Other Controls, by Product, 2021-2026 (USD Million)
Table 122 Smart Home Market for Other Controls, by Region, 2017-2020 (USD Million)
Table 123 Smart Home Market for Other Controls, by Region, 2021-2026 (USD Million)
7.5.3.1 Smart Meters
7.5.3.1.1 Smart Meters Measure Energy Consumption and Enable Communication Between Users and Utilities
Table 124 Smart Home Market for Smart Meters, by Region, 2017-2020 (USD Million)
Table 125 Smart Home Market for Smart Meters, by Region, 2021-2026 (USD Million)
7.5.3.2 Smart Plugs
7.5.3.2.1 Smart Plugs Give Users Ability to Monitor All Devices Connected to Smart Plugs
Table 126 Smart Home Market for Smart Plugs, by Region, 2017-2020 (USD Million)
Table 127 Smart Home Market for Smart Plugs, by Region, 2021-2026 (USD Million)
7.5.3.3 Smart Hubs
7.5.3.3.1 Smart Hubs Control Connected Gadgets in Smart Homes
Table 128 Smart Home Market for Smart Hubs, by Region, 2017-2020 (USD Million)
Table 129 Smart Home Market for Smart Hubs, by Region, 2021-2026 (USD Million)
7.5.3.4 Smart Locks
7.5.3.4.1 Smart Locks are Wireless-Enabled and Can be Based on Various Wireless Technologies
Table 130 Smart Home Market for Smart Locks, by Region, 2017-2020 (USD Million)
Table 131 Smart Home Market for Smart Locks, by Region, 2021-2026 (USD Million)
7.5.3.5 Smoke Detectors
7.5.3.5.1 Smoke Detectors Detect Smoke Faster Than Flame and Heat Detectors
Table 132 Smart Home Market for Smoke Detectors, by Region, 2017-2020 (USD Million)
Table 133 Smart Home Market for Smoke Detectors, by Region, 2021-2026 (USD Million)
7.6 Smart Speaker
7.6.1 Smart Speakers Enable Control of Smart Devices Through User Voice-Control
Table 134 Smart Home Market for Smart Speakers, by Region, 2017-2020 (USD Million)
Figure 62 Smart Speaker Market in APAC to Grow at Highest CAGR During Forecast Period
Table 135 Smart Home Market for Smart Speakers, by Region, 2021-2026 (USD Million)
Table 136 Smart Home Market for Smart Speakers, by Region, 2017-2020 (Thousand Units)
Table 137 Smart Home Market for Smart Speakers, by Region, 2021-2026 (Thousand Units)
7.6.2 Market Dynamics
7.6.2.1 Drivers
7.6.2.1.1 Increasing Number of Smart Homes
Table 138 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 in Smart Speaker 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
7.6.2.3.2 Increasing Demand for Smart Speakers Post COVID-19 Pandemic
Figure 63 Conceptual Framework on Consumer Acceptance of New Technologies
7.6.2.3.3 Increasing Focus of Companies on Enhancing Customer Experience
Figure 64 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 in Developing Economies
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
7.7.1.3.2 Increase in Adoption of Home Healthcare Products due to COVID-19 Pandemic
7.7.2 Products Covered Under Home Healthcare
Figure 65 Smart Home Market for Home Healthcare Product
Table 139 Smart Home Market for Home Healthcare, by Product, 2017-2020 (USD Million)
Figure 66 Physical Activity Monitors Segment to Grow at Higher CAGR During Forecast Period
Table 140 Smart Home Market for Home Healthcare, by Product, 2021-2026 (USD Million)
Table 141 Smart Home Market for Home Healthcare, by Product, 2017-2020 (Thousand Units)
Table 142 Smart Home Market for Home Healthcare, by Product, 2021-2026 (Thousand Units)
Table 143 Smart Home Market for Home Healthcare, by Region, 2017-2020 (USD Million)
Table 144 Smart Home Market for Home Healthcare, by Region, 2021-2026 (USD Million)
Table 145 Smart Home Market for Home Healthcare, by Region, 2017-2020 (Thousand Units)
Table 146 Smart Home Market for Home Healthcare, by Region, 2021-2026 (Thousand Units)
7.7.2.1 Health Status Monitors
7.7.2.1.1 Potential to Reduce Healthcare Complications, Portability, and High Accuracy are Expected to Create a Significant Demand for Health Status Monitors
7.7.2.1.2 Fitness and Heart Rate Monitor
7.7.2.1.2.1 Growing Health Consciousness Among People is Driving Adoption of Fitness and Heart Rate Monitors
7.7.2.1.3 Blood Pressure Monitor
7.7.2.1.3.1 Growth Emphasis on Treatment and Control of Diseases is Contributing to Demand for Blood Pressure Monitors
7.7.2.1.4 Blood Glucose Meter
7.7.2.1.4.1 Increase Diabetic Population is Boosting Adoption of Blood Glucose Meters
7.7.2.1.5 Continuous Glucose Monitor
7.7.2.1.5.1 Continuous Glucose Monitors Offer Better Results Than Conventional Glucose Monitoring Systems
7.7.2.1.6 Pulse Oximeter
7.7.2.1.6.1 Pulse Oximeter is Used to Monitor Oxygen Level Present in User's Blood
7.7.2.1.7 Fall Detector
7.7.2.1.7.1 Fall Detector Detects and Notifies Monitoring Personnel If Users Collapse
Table 147 Smart Home Market for Health Status Monitors, by Region, 2017-2020 (USD Million)
Table 148 Smart Home Market for Health Status Monitors, by Region, 2021-2026 (USD Million)
Table 149 Smart Home Market for Health Status Monitors, by Region, 2017-2020 (Thousand Units)
Table 150 Smart Home Market for Health Status Monitors, by Region, 2021-2026 (Thousand Units)
7.7.2.2 Physical Activity Monitors
7.7.2.2.1 Physical Activity Monitors are Smart Wearable Devices Used to Track Physical Activity Levels of Users
Table 151 Smart Home Market for Physical Activity Monitors, by Region, 2017-2020 (USD Million)
Table 152 Smart Home Market for Physical Activity Monitors, by Region, 2021-2026 (USD Million)
Table 153 Smart Home Market for Physical Activity Monitors, by Region, 2017-2020 (Thousand Units)
Table 154 Smart Home Market for Physical Activity Monitors, by Region, 2021-2026 (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 67 Smart Home Market for Smart Kitchen, by Product
Table 155 Smart Home Market for Smart Kitchen, by Product, 2017-2020 (USD Million)
Figure 68 Smart Ovens Segment to Grow at Highest CAGR During Forecast Period
Table 156 Smart Home Market for Smart Kitchen, by Product, 2021-2026 (USD Million)
Table 157 Smart Home Market for Smart Kitchen, by Product, 2017-2020 (Thousand Units)
Table 158 Smart Home Market for Smart Kitchen, by Product, 2021-2026 (Thousand Units)
Table 159 Smart Home Market for Smart Kitchen, by Region, 2017-2020 (USD Million)
Table 160 Smart Home Market for Smart Kitchen, by Region, 2021-2026 (USD Million)
Table 161 Smart Home Market for Smart Kitchen, by Region, 2017-2020 (Thousand Units)
Table 162 Smart Home Market for Smart Kitchen, by Region, 2021-2026 (Thousand Units)
7.8.2.1 Smart Refrigerators
7.8.2.1.1 Smart Refrigerators are Able to Keep Track How Often Their Doors Have Been Opened and Change in Cooling Efficiency
Table 163 Smart Home Market for Smart Refrigerators, by Region, 2017-2020 (USD Million)
Table 164 Smart Home Market for Smart Refrigerators, by Region, 2021-2026 (USD Million)
Table 165 Smart Home Market for Smart Refrigerators, by Region, 2017-2020 (Thousand Units)
Table 166 Smart Home Market for Smart Refrigerators, by Region, 2021-2026 (Thousand Units)
7.8.2.2 Smart Coffee Makers
7.8.2.2.1 Smart Coffee Makers are Wi-Fi- or Bluetooth-Enabled Devices That are Fully Automatic
Table 167 Smart Home Market for Smart Coffee Makers, by Region, 2017-2020 (USD Million)
Table 168 Smart Home Market for Smart Coffee Makers, by Region, 2021-2026 (USD Million)
Table 169 Smart Home Market for Smart Coffee Makers, by Region, 2016-2019 (Thousand Units)
Table 170 Smart Home Market for Smart Coffee Markers, by Region, 2021-2026 (Thousand Units)
7.8.2.3 Smart Kettles
7.8.2.3.1 Smart Kettles Maintain Temperature of Water Depending on User's Choice and Help in Saving Time
Table 171 Smart Home Market for Smart Kettles, by Region, 2017-2020 (USD Million)
Table 172 Smart Home Market for Smart Kettles, by Region, 2021-2026 (USD Million)
Table 173 Smart Home Market for Smart Kettles, by Region, 2017-2020 (Thousand Units)
Table 174 Smart Home Market for Smart Kettles, by Region, 2021-2026 (Thousand Units)
7.8.2.4 Smart Dishwashers
7.8.2.4.1 Innovative Features in Smart Dishwashers Reduce Human Intervention
Table 175 Smart Home Market for Smart Dishwashers, by Region, 2017-2020 (USD Million)
Table 176 Smart Home Market for Smart Dishwashers, by Region, 2021-2026 (USD Million)
Table 177 Smart Home Market for Smart Dishwashers, by Region, 2017-2020 (Thousand Units)
Table 178 Smart Home Market for Smart Dishwashers, by Region, 2021-2026 (Thousand Units)
7.8.2.5 Smart Ovens
7.8.2.5.1 Smart Ovens Help to Reduce Time Required for Cooking
Table 179 Smart Home Market for Smart Ovens, by Region, 2017-2020 (USD Million)
Table 180 Smart Home Market for Smart Ovens, by Region, 2021-2026 (USD Million)
Table 181 Smart Home Market for Smart Ovens, by Region, 2017-2020 (Thousand Units)
Table 182 Smart Home Market for Smart Ovens, by Region, 2021-2026 (Thousand Units)
7.8.2.6 Smart Cooktops
7.8.2.6.1 Smart Cooktops Ensure Accurate Heat Circulation
Table 183 Smart Home Market for Smart Cooktops, by Region, 2017-2020 (USD Million)
Table 184 Smart Home Market for Smart Cooktops, by Region, 2021-2026 (USD Million)
Table 185 Smart Home Market for Smart Cooktops, by Region, 2017-2020 (Thousand Units)
Table 186 Smart Home Market for Smart Cooktops, by Region, 2021-2026 (Thousand Units)
7.8.2.7 Smart Cookers
7.8.2.7.1 Smart Cookers are Enabled with Wi-Fi and NFC and Can be Accessed and Controlled Through Apps on Smartphones or  Tablets
Table 187 Smart Home Market for Smart Cookers, by Region, 2017-2020 (USD Million)
Table 188 Smart Home Market for Smart Cookers, by Region, 2021-2026 (USD Million)
Table 189 Smart Home Market for Smart Cookers, by Region, 2017-2020 (Thousand Units)
Table 190 Smart Home Market for Smart Cookers, by Region, 2021-2026 (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 Leading to 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 69 Data Breach Complaints in US, 2018-2020
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 Rise in Demand for Smart Appliances due to COVID-19
7.9.1.4 Integration of New Technologies, such as AI, with Smart Appliances
7.9.2 Products Covered Under Home Appliances
Figure 70 Smart Home Market for Home Appliances Products
Table 191 Smart Home Market for Home Appliances, by Product, 2017-2020 (USD Million)
Figure 71 Smart Washers Segment to Hold Largest Market Share During Forecast Period
Table 192 Smart Home Market for Home Appliances, by Product, 2021-2026 (USD Million)
Table 193 Smart Home Market for Home Appliances, by Product, 2017-2020 (Thousand Units)
Table 194 Smart Home Market for Home Appliances, by Product, 2021-2026 (Thousand Units)
Table 195 Smart Home Market for Home Appliances, by Region, 2017-2020 (USD Million)
Table 196 Smart Home Market for Home Appliances, by Region, 2021-2026 (USD Million)
Table 197 Smart Home Market for Home Appliances, by Region, 2017-2020 (Thousand Units)
Table 198 Smart Home Market for Home Appliances, by Region, 2021-2026 (Thousand Units)
7.9.2.1 Smart Washers
7.9.2.1.1 Innovative Features in Smart Washers Reduce Human Intervention
Table 199 Smart Home Market for Smart Washers, by Region, 2017-2020 (USD Million)
Table 200 Smart Home Market for Smart Washers, by Region, 2021-2026 (USD Million)
Table 201 Smart Home Market for Smart Washers, by Region, 2017-2020 (Thousand Units)
Table 202 Smart Home Market for Smart Washers, by Region, 2021-2026 (Thousand Units)
7.9.2.2 Smart Dryers
7.9.2.2.1 Smart Dryers Help to Increase Energy Efficiency and Reduce Human Intervention
Table 203 Smart Home Market for Smart Dryers, by Region, 2017-2020 (USD Million)
Table 204 Smart Home Market for Smart Dryers, by Region, 2021-2026 (USD Million)
Table 205 Smart Home Market for Smart Dryers, by Region, 2017-2020 (Thousand Units)
Table 206 Smart Home Market for Smart Dryers, by Region, 2021-2026 (Thousand Units)
7.9.2.3 Smart Water Heaters
7.9.2.3.1 Smart Water Heaters Can Turn Off Automatically When Hot Water Demands are Low
Table 207 Smart Home Market for Smart Water Heaters, by Region, 2017-2020 (USD Million)
Table 208 Smart Home Market for Smart Water Heaters, by Region, 2021-2026 (USD Million)
Table 209 Smart Home Market for Smart Water Heaters, by Region, 2017-2020 (Thousand Units)
Table 210 Smart Home Market for Smart Water Heaters, by Region, 2021-2026 (Thousand Units)
7.9.2.4 Smart Vacuum Cleaners
7.9.2.4.1 Integration with Robotic Technology Has Fueled Demand for Smart Vacuum Cleaners
Table 211 Smart Home Market for Smart Vacuum Cleaners, by Region, 2017-2020 (USD Million)
Table 212 Smart Home Market for Smart Vacuum Cleaners, by Region, 2021-2026 (USD Million)
Table 213 Smart Home Market for Smart Vacuum Cleaners, by Region, 2017-2020 (Thousand Units)
Table 214 Smart Home Market for Smart Vacuum Cleaners, by Region, 2021-2026 (Thousand Units)
7.10 Smart Furniture
7.10.1 Market Dynamics
7.10.1.1 Drivers
7.10.1.1.1 Changing Consumer Lifestyle
7.10.1.1.2 Growing Trend Towards Adoption of Space-Saving Furniture
7.10.1.2 Restraints
7.10.1.2.1 Reluctance Towards Adopting New Technology
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 72 Smart Home Market for Smart Furniture Products
Table 215 Smart Home Market for Smart Furniture, by Product, 2017-2020 (USD Million)
Figure 73 Smart Sofas Segment to Grow at Highest CAGR During Forecast Period
Table 216 Smart Home Market for Smart Furniture, by Product, 2021-2026 (USD Million)
Table 217 Smart Home Market for Smart Furniture, by Region, 2017-2020 (USD Million)
Table 218 Smart Home Market for Smart Furniture, by Region, 2021-2026 (USD Million)
7.10.2.1 Smart Tables
7.10.2.1.1 Smart Tables Have Integrated Software That Enables Users Easy Access to Various Types of Multimedia Content on Screen
Table 219 Smart Home Market for Smart Tables, by Region, 2017-2020 (USD Million)
Table 220 Smart Home Market for Smart Tables, by Region, 2021-2026 (USD Million)
7.10.2.2 Smart Desks
7.10.2.2.1 Smart Desks Provide Multiple Health Benefits to Users
Table 221 Smart Home Market for Smart Desks, by Region, 2017-2020 (USD Million)
Table 222 Smart Home Market for Smart Desks, by Region, 2021-2026 (USD Million)
7.10.2.3 Smart Stools and Benches
7.10.2.3.1 Smart Benches Help in Reducing Energy Costs
Table 223 Smart Home Market for Smart Stools & Benches, by Region, 2017-2020 (USD Million)
Table 224 Smart Home Market for Smart Stools & Benches, by Region, 2021-2026 (USD Million)
7.10.2.4 Smart Sofas
7.10.2.4.1 Smart Sofas are Equipped with Sensors to Help Adjust Their Shape and Size as Per User's Requirement
Table 225 Smart Home Market for Smart Sofas, by Region, 2017-2020 (USD Million)
Table 226 Smart Home Market for Smart Sofas, by Region, 2021-2026 (USD Million)
7.10.2.5 Smart Chairs
7.10.2.5.1 Smart Chairs Help in Promoting Healthy Sitting Posture
Table 227 Smart Home Market for Smart Chairs, by Region, 2017-2020 (USD Million)
Table 228 Smart Home Market for Smart Chairs, by Region, 2021-2026 (USD Million)
7.11 Impact of COVID-19 on Smart Home Products
7.11.1 Most Impacted Product Type
Figure 74 Impact of COVID-19 on Smart Home Market for Smart Furniture
7.11.2 Least Impacted Product Type
Figure 75 Impact of COVID-19 on Smart Home Market for Smart Speaker
8 Smart Home Market, by Sales Channel
8.1 Introduction
Figure 76 Smart Home Market Segmentation, by Sales Channel
Table 229 Smart Home Market, by Sales Channel, 2017-2020 (USD Billion)
Figure 77 Indirect Sales Channel is Expected to Hold Larger Market Share During Forecast Period
Table 230 Smart Home Market, by Sales Channel, 2021-2026 (USD Billion)
8.2 Direct Sales Channel
8.2.1 Players with Limited Sales Channels and Distribution Networks Opt for Direct Sales of Smart Home Products
Table 231 Smart Home Market for Direct Sales, by Region, 2017-2020 (USD Billion)
Table 232 Smart Home Market for Direct Sales, by Region, 2021-2026 (USD Billion)
8.3 Indirect Sales Channel
8.3.1 Indirect Sales of Smart Home Products and Solutions Has Increased Post COVID-19 Outbreak
Table 233 Smart Home Market for Indirect Sales, by Region, 2017-2020 (USD Billion)
Table 234 Smart Home Market for Indirect Sales, by Region, 2021-2026 (USD Billion)
9 Geographic Analysis
9.1 Introduction
Figure 78 China to Witness Highest CAGR in Smart Home Market During Forecast Period
Table 235 Smart Home Market, by Region, 2017-2020 (USD Billion)
Figure 79 North America to Hold Larger Market Share in Smart Home Market During Forecast Period
Table 236 Smart Home Market, by Region, 2021-2026 (USD Billion)
9.2 North America
9.2.1 Regulatory Frameworks
9.2.1.1 Associations
9.2.1.2 Regulations and Acts
Figure 80 North America: Smart Home Market Snapshot
Table 237 Smart Home Market in North America, by Country, 2017-2020 (USD Billion)
Table 238 Smart Home Market in North America, by Country, 2021-2026 (USD Billion)
Table 239 Smart Home Market in North America for Lighting Control, by Product, 2017-2020 (USD Million)
Table 240 Smart Home Market in North America for Lighting Control, by Product, 2021-2026 (USD Million)
Table 241 Smart Home Market in North America for Lighting Control, by Product, 2017-2020 (Thousand Units)
Table 242 Smart Home Market in North America for Lighting Control, by Product, 2021-2026 (Thousand Units)
Table 243 Smart Home Market in North America for Security & Access Control, by Product, 2017-2020 (USD Million)
Table 244 Smart Home Market in North America for Security & Access Control, by Product, 2021-2026 (USD Million)
Table 245 Smart Home Market in North America for HVAC Control, by Product, 2017-2020 (USD Million)
Table 246 Smart Home Market in North America for HVAC Control, by Product, 2021-2026 (USD Million)
Table 247 Smart Home Market in North America for Entertainment & Other Controls, by Product, 2017-2020 (USD Million)
Table 248 Smart Home Market in North America for Entertainment & Other Controls, by Product, 2021-2026 (USD Million)
Table 249 Smart Home Market in North America for Entertainment Control, by Product, 2017-2020 (USD Million)
Table 250 Smart Home Market in North America for Entertainment Control, by Product, 2021-2026 (USD Million)
Table 251 Smart Home Market in North America for Other Controls, by Product, 2017-2020 (USD Million)
Table 252 Smart Home Market in North America for Other Controls, by Product, 2021-2026 (USD Million)
Table 253 Smart Home Market in North America for Home Healthcare, by Product, 2017-2020 (USD Million)
Table 254 Smart Home Market in North America for Home Healthcare, by Product, 2021-2026 (USD Million)
Table 255 Smart Home Market in North America for Home Healthcare, by Product, 2017-2020 (Thousand Units)
Table 256 Smart Home Market in North America for Home Healthcare, by Product, 2021-2026 (Thousand Units)
Table 257 Smart Home Market in North America for Smart Kitchen, by Product, 2017-2020 (USD Million)
Table 258 Smart Home Market in North America for Smart Kitchen, by Product, 2021-2026 (USD Million)
Table 259 Smart Home Market in North America for Smart Kitchen, by Product, 2017-2020 (Thousand Units)
Table 260 Smart Home Market in North America for Smart Kitchen, by Product, 2021-2026 (Thousand Units)
Table 261 Smart Home Market in North America for Home Appliances, by Product, 2017-2020 (USD Million)
Table 262 Smart Home Market in North America for Home Appliances, by Product, 2021-2026 (USD Million)
Table 263 Smart Home Market in North America for Home Appliances, by Product, 2017-2020 (Thousand Units)
Table 264 Smart Home Market in North America for Home Appliances, by Product, 2021-2026 (Thousand Units)
Table 265 Smart Home Market in North America for Smart Furniture, by Product, 2017-2020 (USD Million)
Table 266 Smart Home Market in North America for Smart Furniture, by Product, 2021-2026 (USD Million)
9.2.2 US
9.2.2.1 US Accounted for Largest Market Size in Smart Home Market in 2020
9.2.3 Canada
9.2.3.1 Canada to Exhibit Highest Growth in Terms of Smart Home Market in North America
9.2.4 Mexico
9.2.4.1 Mexico Offers Lucrative Growth Opportunities for Smart Home Market Owing to Increased Adoption of Access Controls, Lighting Control, and HVAC Controls
9.2.5 Ranking of Smart Control Ecosystems in North America
Table 267 Ranking in North America
Table 268 Few Impactful Smart Controls/Hubs/Platforms in North America
9.3 Europe
9.3.1 Regulatory Frameworks
Figure 81 Europe: Smart Home Market Snapshot
Table 269 Smart Home Market in Europe, by Country, 2017-2020 (USD Billion)
Table 270 Smart Home Market in Europe, by Country, 2021-2026 (USD Billion)
Table 271 Smart Home Market in Europe for Lighting Control, by Product, 2017-2020 (USD Million)
Table 272 Smart Home Market in Europe for Lighting Control, by Product, 2021-2026 (USD Million)
Table 273 Smart Home Market in Europe for Lighting Control, by Product, 2017-2020 (Thousand Units)
Table 274 Smart Home Market in Europe for Lighting Control, by Product, 2021-2026 (Thousand Units)
Table 275 Smart Home Market in Europe for Security & Access Control, by Product, 2017-2020 (USD Million)
Table 276 Smart Home Market in Europe for Security & Access Control, by Product, 2021-2026 (USD Million)
Table 277 Smart Home Market in Europe for HVAC Control, by Product, 2017-2020 (USD Million)
Table 278 Smart Home Market in Europe for HVAC Control, by Product, 2021-2026 (USD Million)
Table 279 Smart Home Market in Europe for Entertainment & Other Controls, by Product, 2017-2020 (USD Million)
Table 280 Smart Home Market in Europe for Entertainment & Other Controls, by Product, 2021-2026 (USD Million)
Table 281 Smart Home Market in Europe for Entertainment Control, by Product, 2017-2020 (USD Million)
Table 282 Smart Home Market in Europe for Entertainment Control, by Product, 2021-2026 (USD Million)
Table 283 Smart Home Market in Europe for Other Controls, by Product, 2017-2020 (USD Million)
Table 284 Smart Home Market in Europe for Other Controls, by Product, 2021-2026 (USD Million)
Table 285 Smart Home Market in Europe for Home Healthcare, by Product, 2017-2020 (USD Million)
Table 286 Smart Home Market in Europe for Home Healthcare, by Product, 2021-2026 (USD Million)
Table 287 Smart Home Market in Europe for Home Healthcare, by Product, 2017-2020 (Thousand Units)
Table 288 Smart Home Market in Europe for Home Healthcare, by Product, 2021-2026 (Thousand Units)
Table 289 Smart Home Market in Europe for Smart Kitchen, by Product, 2017-2020 (USD Million)
Table 290 Smart Home Market in Europe for Smart Kitchen, by Product, 2021-2026 (USD Million)
Table 291 Smart Home Market in Europe for Smart Kitchen, by Product, 2017-2020 (Thousand Units)
Table 292 Smart Home Market in Europe for Smart Kitchen, by Product, 2021-2026 (Thousand Units)
Table 293 Smart Home Market in Europe for Home Appliances, by Product, 2017-2020 (USD Million)
Table 294 Smart Home Market in Europe for Home Appliances, by Product, 2021-2026 (USD Million)
Table 295 Smart Home Market in Europe for Home Appliances, by Product, 2017-2020 (Thousand Units)
Table 296 Smart Home Market in Europe for Home Appliances, by Product, 2021-2026 (Thousand Units)
Table 297 Smart Home Market in Europe for Smart Furniture, by Product, 2017-2020 (USD Million)
Table 298 Smart Home Market in Europe for Smart Furniture, by Product, 2021-2026 (USD Million)
9.3.2 UK
9.3.2.1 UK to Hold Larger Market Share in Smart Home Market in Europe
9.3.3 Germany
9.3.3.1 Germany to Foster Growth of Smart Home Market with Increased Adoption of HVAC Control and Lighting Control Systems in Residential Sector
9.3.4 France
9.3.4.1 France to Contribute to Growth of Smart Home Market with Rising Demand for Security and Access Control, HVAC Control, and Lighting Control
9.3.5 Italy
9.3.5.1 Italy Will Contribute to Growth of Smart Home Market Primarily Through Sales of Lighting Control Systems
9.3.6 Rest of Europe
9.3.7 Ranking of Smart Control Ecosystems for Europe
Table 299 Ranking in Europe
Table 300 Few Impactful Smart Controls/Hubs/Platforms in Europe
9.4 APAC
9.4.1 Regulatory Frameworks
Figure 82 APAC: Smart Home Market Snapshot
Table 301 Smart Home Market in APAC, by Country, 2017-2020 (USD Billion)
Table 302 Smart Home Market in APAC, by Country, 2021-2026 (USD Billion)
Table 303 Smart Home Market in APAC for Lighting Control, by Product, 2017-2020 (USD Million)
Table 304 Smart Home Market in APAC for Lighting Control, by Product, 2021-2026 (USD Million)
Table 305 Smart Home Market in APAC for Lighting Control, by Product, 2017-2020 (Thousand Units)
Table 306 Smart Home Market in APAC for Lighting Control, by Product, 2021-2026 (Thousand Units)
Table 307 Smart Home Market in APAC for Security & Access Control, by Product, 2017-2020 (USD Million)
Table 308 Smart Home Market in APAC for Security & Access Control, by Product, 2021-2026 (USD Million)
Table 309 Smart Home Market in APAC for HVAC Control, by Product, 2017-2020 (USD Million)
Table 310 Smart Home Market in APAC for HVAC Control, by Product, 2021-2026 (USD Million)
Table 311 Smart Home Market in APAC for Entertainment & Other Controls, by Product, 2017-2020 (USD Million)
Table 312 Smart Home Market in APAC for Entertainment & Other Controls, by Product, 2021-2026 (USD Million)
Table 313 Smart Home Market in APAC for Entertainment Control, by Product, 2017-2020 (USD Million)
Table 314 Smart Home Market in APAC for Entertainment Control, by Product, 2021-2026 (USD Million)
Table 315 Smart Home Market in APAC for Other Controls, by Product, 2017-2020 (USD Million)
Table 316 Smart Home Market in APAC for Other Controls, by Product, 2021-2026 (USD Million)
Table 317 Smart Home Market in APAC for Home Healthcare, by Product, 2017-2020 (USD Million)
Table 318 Smart Home Market in APAC for Home Healthcare, by Product, 2021-2026 (USD Million)
Table 319 Smart Home Market in APAC for Home Healthcare, by Product, 2017-2020 (Thousand Units)
Table 320 Smart Home Market in APAC for Home Healthcare, by Product, 2021-2026 (Thousand Units)
Table 321 Smart Home Market in APAC for Smart Kitchen, by Product, 2017-2020 (USD Million)
Table 322 Smart Home Market in APAC for Smart Kitchen, by Product, 2021-2026 (USD Million)
Table 323 Smart Home Market in APAC for Smart Kitchen, by Product, 2017-2020 (Thousand Units)
Table 324 Smart Home Market in APAC for Smart Kitchen, by Product, 2021-2026 (Thousand Units)
Table 325 Smart Home Market in APAC for Home Appliances, by Product, 2017-2020 (USD Million)
Table 326 Smart Home Market in APAC for Home Appliances, by Product, 2021-2026 (USD Million)
Table 327 Smart Home Market in APAC for Home Appliances, by Product, 2017-2020 (Thousand Units)
Table 328 Smart Home Market in APAC for Home Appliances, by Product, 2021-2026 (Thousand Units)
Table 329 Smart Home Market in APAC for Smart Furniture, by Product, 2017-2020 (USD Million)
Table 330 Smart Home Market in APAC for Smart Furniture, by Product, 2021-2026 (USD Million)
9.4.2 Japan
9.4.2.1 Japan to Hold Significant Market Share During Forecast Period
9.4.3 South Korea
9.4.3.1 South Korea to Support Growth of Smart Home Market Through Advanced Video Surveillance for Advanced Security Systems
9.4.4 China
9.4.4.1 China Expected to Witness Highest Growth in Smart Home Market During Forecast Period
9.4.5 Australia
9.4.5.1 Australia to Offer Remunerative Growth Opportunities for Smart Home Segments Such as Entertainment Controls and Security and Access Control
9.4.6 Rest of APAC
9.4.7 Ranking of Smart Control Ecosystems for Smart Homes
Table 331 Ranking in APAC
Table 332 Few Impactful Smart Controls/Hubs/Platforms in APAC
9.5 Rest of the World
9.5.1 Regulatory Frameworks
Figure 83 RoW: Smart Home Market Snapshot
Table 333 Smart Home Market in RoW, by Region, 2017-2020 (USD Million)
Figure 84 South America to Hold Largest Share of the Smart Home Market in RoW During the Forecast Period
Table 334 Smart Home Market in RoW, by Region, 2021-2026 (USD Million)
Table 335 Smart Home Market in RoW for Lighting Control, by Product, 2017-2020 (USD Million)
Table 336 Smart Home Market in RoW for Lighting Control, by Product, 2021-2026 (USD Million)
Table 337 Smart Home Market in RoW for Lighting Control, by Product, 2017-2020 (Thousand Units)
Table 338 Smart Home Market in RoW for Lighting Control, by Product, 2021-2026(Thousand Units)
Table 339 Smart Home Market in RoW for Security & Access Control, by Product, 2017-2020 (USD Million)
Table 340 Smart Home Market in RoW for Security & Access Control, by Product, 2021-2026 (USD Million)
Table 341 Smart Home Market in RoW for HVAC Control, by Product, 2017-2020 (USD Million)
Table 342 Smart Home Market in RoW for HVAC Control, by Product, 2021-2026 (USD Million)
Table 343 Smart Home Market in RoW for Entertainment & Other Controls, by Product, 2017-2020 (USD Million)
Table 344 Smart Home Market in RoW for Entertainment & Other Controls, by Product, 2021-2026 (USD Million)
Table 345 Smart Home Market in RoW for Entertainment Control, by Product, 2017-2020 (USD Million)
Table 346 Smart Home Market in RoW for Entertainment Control, by Product, 2021-2026 (USD Million)
Table 347 Smart Home Market in RoW for Other Controls, by Product, 2017-2020 (USD Million)
Table 348 Smart Home Market in RoW for Other Controls, by Product, 2021-2026 (USD Million)
Table 349 Smart Home Market in RoW for Home Healthcare, by Product, 2017-2020 (USD Million)
Table 350 Smart Home Market in RoW for Home Healthcare, by Product, 2021-2026 (USD Million)
Table 351 Smart Home Market in RoW for Home Healthcare, by Product, 2017-2020 (Thousand Units)
Table 352 Smart Home Market in RoW for Home Healthcare, by Product, 2021-2026 (Thousand Units)
Table 353 Smart Home Market in RoW for Smart Kitchen, by Product, 2017-2020 (USD Million)
Table 354 Smart Home Market in RoW for Smart Kitchen, by Product, 2021-2026 (USD Million)
Table 355 Smart Home Market in RoW for Smart Kitchen, by Product, 2017-2020 (Thousand Units)
Table 356 Smart Home Market in RoW for Smart Kitchen, by Product, 2021-2026 (Thousand Units)
Table 357 Smart Home Market in RoW for Home Appliances, by Product, 2017-2020 (USD Million)
Table 358 Smart Home Market in RoW for Home Appliances, by Product, 2021-2026 (USD Million)
Table 359 Smart Home Market in RoW for Home Appliances, by Product, 2017-2020 (Thousand Units)
Table 360 Smart Home Market in RoW for Home Appliances, by Product, 2021-2026 (Thousand Units)
Table 361 Smart Home Market in RoW for Smart Furniture, by Product, 2017-2020 (USD Million)
Table 362 Smart Home Market in RoW for Smart Furniture, by Product, 2021-2026 (USD Million)
9.5.2 South America
9.5.2.1 South America to Hold Largest Share of Smart Home Market in RoW by 2026 Owing to High Persistent Crime Rate
9.5.3 Middle East
9.5.3.1 Middle East to Witness Highest Growth for Smart Home Market in RoW During Forecast Period
9.5.4 Africa
9.5.4.1 Africa to Develop Their Smart Home Market due to Growing Security Concerns Coupled with Rising Awareness on Energy Conservation
9.5.5 Ranking of Smart Control Ecosystems for RoW
Table 363 Ranking in Middle East
9.6 COVID-19 Impact on Smart Home Market in Various Regions
9.6.1 Most Impacted Region
Figure 85 Impact of COVID-19 on Smart Home Market in APAC
9.6.2 Least Impacted Region
Figure 86 Impact of COVID-19 on Smart Home Market in North America
10 Protocols and Technologies Used in Smart Homes
10.1 Introduction
Figure 87 Smart Home Protocols and Technologies
10.2 Cellular Network Technologies
10.2.1 CDMA Network
10.2.1.1 CDMA 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 Service (SMS) Text Messages
Figure 88 GSM/HSPA Network Setup
10.2.3 LTE Network
10.2.3.1 LTE Enables Real-Time Transfer of Data Across the Network to Remotely Control Smart Home Applications
10.3 Protocols and Standards
10.3.1 Dali
10.3.1.1 Dali is a Full-Duplex System That Brings Digital Technology into Lighting Sector
Figure 89 Wiring for Dali Fluorescent Dimming
10.3.2 Nema
10.3.2.1 Nema Standardizes Necessary Control Devices Needed to Build Complete Lighting Systems
10.3.3 KNX
10.3.3.1 KNX is an Open Standard Supporting Five Communication Media, Making It Versatile to Use
10.3.4 DMX
10.3.4.1 DMX Standard is Used in Communication Networks That Control Lights and Effects
10.3.5 Lonworks
10.3.5.1 Lonworks Helps in Building Automation Applications Designed on Low Bandwidth for Networking Devices
Figure 90 Lonworks Network Setup
10.3.6 Ethernet
10.3.6.1 Ethernet-based Systems are Used in Home Entertainment Systems or Whole-House Automation Solutions
10.3.7 Modbus
10.3.7.1 Modbus Communication Protocol Transmits Information Between Electronic Devices Over Serial Lines or Via Ethernet
10.3.8 Bacnet
10.3.8.1 Bacnet Protocol is Commonly Used in Building Automation Applications Such as HVAC Control, Fire Detection and Alarm, Lighting Control, Security, Smart Elevators, and Utility Company Interface
10.3.9 Black Box
10.3.9.1 Black Box Helps in Home Automation and Integration of Home Devices into a Single Console
10.3.10 PLC
10.3.10.1 PLC Technology Uses Electric Power for Data Transmission
10.4 Wireless Communication Technologies
Figure 91 Wireless Communication Technologies
10.4.1 Zigbee
10.4.1.1 Zigbee Wireless Standard is Used in Smart Homes to Carry Small Amounts of Data Over Mid-Range
10.4.2 Z-Wave
10.4.2.1 Z-Wave Technology is Used in Wireless Residential Control Products and Services
10.4.3 Wi-Fi
10.4.3.1 Wi-Fi is Ideal for Medium and Small Home Automation Systems for Data Transmission Across Short Distances
10.4.4 Bluetooth
10.4.4.1 Bluetooth Technology Ensures Interoperability, Minimal Interference, and Energy Efficiency in Areas Like Automation, Control, Security, and Energy Management
10.4.5 Enocean
10.4.5.1 Enocean is Designed for Smart Home Solutions Dependent on Energy-Producing Technologies
10.4.6 Thread
10.4.6.1 Thread Protocol is a Common Standard Used in Smart Home Applications to Connect Them Over Internet and with Cloud
10.4.7 Infrared
10.4.7.1 Infrared Wireless Protocol is Used for Short and Medium-Range Communications and Control in Smart Home Applications
11 Competitive Landscape
11.1 Overview
11.2 Key Player Strategies/Right to Win
Table 364 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 92 Five-Year Revenue Analysis of Top Five Players in Smart Home Market for Home Automation Systems
11.4 Market Share Analysis
Table 365 Degree of Competition, Smart Home Market for Home Automation Systems, 2020
11.5 Company Evaluation Quadrant
11.5.1 Star
11.5.2 Emerging Leader
11.5.3 Pervasive
11.5.4 Participant
Figure 93 Smart Home Market (Global), Company Evaluation Quadrant, 2020
11.6 Start-Up/SME Evaluation Matrix
Table 366 Start-Ups/SMEs in Smart Home Market
11.6.1 Progressive Company
11.6.2 Responsive Company
11.6.3 Dynamic Company
11.6.4 Starting Block
Figure 94 Smart Home Market, Startup/SME Evaluation Matrix, 2020
Table 367 Start-Up vs. Product Mapping
11.7 Company Product Footprint
Table 368 Company Footprint
Table 369 Company Product Footprint
Table 370 Company Sales Footprint
Table 371 Company Region Footprint
11.8 Competitive Situations and Trends
11.8.1 Product Launches
Table 372 Product Launches, September 2020-December 2020
11.8.2 Deals
Table 373 Deals, August 2020-December 2020
11.8.3 Others
Table 374 Expansion, October 2019-October 2020
12 Company Profiles
12.1 Key Players
(Business Overview, Products Offered, Recent Developments, and Analyst's View)*
12.1.1 Honeywell
Table 375 Honeywell: Business Overview
Figure 95 Honeywell: Company Snapshot
12.1.2 Siemens
Table 376 Siemens: Business Overview
Figure 96 Siemens: Company Snapshot
12.1.3 Johnson Controls
Table 377 Johnson Controls: Business Overview
Figure 97 Johnson Controls: Company Snapshot
12.1.4 Schneider Electric
Table 378 Schneider Electric: Business Overview
Figure 98 Schneider Electric: Company Snapshot
12.1.5 ASSA ABLOY
Table 379 ASSA ABLOY: Business Overview
Figure 99 ASSA ABLOY: Company Snapshot
12.1.6 Amazon
Table 380 Amazon: Business Overview
Figure 100 Amazon: Company Snapshot
12.1.7 Apple
Table 381 Apple: Business Overview
Figure 101 Apple: Company Snapshot
12.1.8 ADT
Table 382 ADT: Business Overview
Figure 102 ADT: Company Snapshot
12.1.9 Robert Bosch
Table 383 Robert Bosch: Business Overview
Figure 103 Robert Bosch: Company Snapshot
12.1.10 ABB
Table 384 ABB: Business Overview
Figure 104 ABB: Company Snapshot
*Business Overview, Products Offered, Recent Developments, and Analyst's View Might Not be Captured in Case of Unlisted Companies
12.2 Other Key Companies
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 Smarthome
12.2.9 Crestron Electronics
12.2.10 Simplisafe
12.2.11 Armorax
12.2.12 Canary
12.2.13 LG Electronics
12.2.14 Lutron
12.2.15 Legrand
13 Adjacent and Related Market
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 105 Floor-Cleaning Robot to Hold Largest Size of Cleaning Robot Market Between 2021 and 2026
Table 385 Cleaning Robot Market, by Product, 2017-2020 (USD Million)
Table 386 Cleaning Robot Market, by Product, 2021-2026 (USD Million)
13.3.4 Cleaning Robot Market, by Application
Figure 106 Cleaning Robot Market for Healthcare Application to Grow at Highest CAGR Between 2021 and 2026
Table 387 Cleaning Robot Market, by Application, 2017-2020 (USD Million)
Table 388 Cleaning Robot Market, by Application, 2021-2026 (USD Million)
13.3.5 Cleaning Robot Market, by Region
Figure 107 Cleaning Robot Market in APAC to Grow at Highest CAGR Between 2021 and 2026
Table 389 Cleaning Robot Market, by Region, 2017-2020 (USD Million)
Table 390 Cleaning Robot Market, by Region, 2021-2026 (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 108 Security and Access Controls Segment to Hold Largest Size of Building Automation System Market from 2021 to 2026
Table 391 Building Automation System Market, by Offering, 2015-2020 (USD Billion)
Table 392 Building Automation System Market, by Offering, 2021-2026 (USD Billion)
13.4.4 Building Automation System Market, by Application
Figure 109 Commercial Application Segment to Hold Largest Size of Building Automation System Market from 2021 to 2026
Table 393 Building Automation System Market, by Application, 2015-2020 (USD Billion)
Table 394 Building Automation System Market, by Application, 2021-2026 (USD Billion)
13.4.5 Building Automation System Market, by Region
Figure 110 Building Automation System Market in APAC to Grow at Highest CAGR from 2021 to 2026
Table 395 Building Automation System Market, by Region, 2015-2020 (USD Billion)
Table 396 Building Automation System Market, by Region, 2021-2026 (USD Billion)
14 Appendix
14.1 Discussion Guide
14.2 Knowledge Store: The Subscription Portal
14.3 Available Customizations
Note: Product cover images may vary from those shown
  • ABB
  • ADT
  • Amazon
  • Apple
  • Armorax
  • ASSA ABLOY
  • Axis Communications
  • Canary
  • Comcast
  • Control4
  • Crestron Electronics
  • Delta Controls
  • Honeywell
  • Johnson Controls
  • Legrand
  • LG Electronics
  • Lutron
  • Ooma
  • Robert Bosch
  • Samsung Electronics
  • Schneider Electric
  • Siemens
  • Simplisafe
  • Smarthome
  • Sony
Note: Product cover images may vary from those shown

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