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Smart Homes Global Market Report 2022

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    Report

  • 175 Pages
  • August 2022
  • Region: Global
  • The Business Research Company
  • ID: 5646880
Some major players in the smart homes market are Honeywell International Inc, Siemens AG, Johnson Controls International, Schneider Electric SE, United Technologies Corporation, Amazon Inc, Apple, Google, Robert Bosch GmbH, Samsung Electronics, LG Electronics, Sony Corporation, Control4 Corporation, Comcast Corporation, Lutron Electronics Co. Inc, Legrand SA, Smart home Inc, General Electric Company, Ingersoll-Rand PLC, Delta Controls, Axis Communications, Crestron Electronics, SimpliSafe, Armorax and Canary.

The global smart homes market is expected to grow from $76.95 billion in 2021 to $91.79 billion in 2022 at a compound annual growth rate (CAGR) of 19.3%. The smart homes market is expected to grow to $205.61 billion in 2026 at a CAGR of 22.3%.

The smart homes market consists of sales of smart home solutions by entities (organizations, sole traders, and partnerships) that are defined as a system that connects with the appliances in the house for automating various tasks. Smart homes offer homeowners comfort, security, energy efficiency, and convenience by allowing them to control their smart devices. They are remotely controlled through a smart home app on the smartphone or various other networked devices.

The main types of smart homes are lighting control, security and access control, heating, ventilation, and air conditioning (HVAC) control, entertainment control, and other controls, smart speaker, home healthcare, smart kitchen, home appliances, and smart furniture. Lighting controls refer to a group of smart lighting systems that can control the amount, quality, and characteristics of light in a specific area. They come in behavioral and proactive software and services and are sold by direct, and indirect channels. The technologies used are wireless technology and cellular network technology that has various standards and protocols such as wireless protocols, wired protocols, and hybrid protocols.

Asia Pacific was the largest region in the smart homes market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in smart homes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The smart homes market research report is one of a series of new reports that provides smart homes market statistics, including smart homes industry global market size, regional shares, competitors with a smart homes market share, detailed smart homes market segments, market trends and opportunities, and any further data you may need to thrive in the smart homes industry. This smart homes market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The growing adoption of smart devices is expected to propel the growth of the smart home market. Smart devices are defined as the objects used in everyday life, that is made intelligent through advanced computing techniques such as machine learning and artificial intelligence, that are networked to form the internet of things. These smart home devices can be interconnected and accessed through laptops, smartphones, tablets, or others. For instance, according to MediaPost, a US-based integrated publishing and conference company, 15% of households across the world are predicted to have a smart home device installed by 2023. Moreover, 69% of households in the US have at least one smart device. Therefore, the rising adoption of smart devices is driving the growth of the smart homes market.

Technological advancements are shaping the smart homes market. Technological advancement is defined as a discovery of knowledge that advances technology and provides enhanced products to the customers. New technologies such as IoT are used to provide comfort and reliability to the users. For instance, in September 2020, Sunroof, an India-based provider of solar energy solutions and (Internet of Things) IoT smart energy solutions, launched zunpulse smart devices. The zunpulse is designed for safeguarding the customers and making their life more comfortable and secure. The new range of devices launched includes a smart energy monitor, smart plug, smart camera, smart security system, smart AC remote, smart energy monitor, smart video doorbell, smart LED bulbs, and, smart TV remote.

In October 2021, Nice SpA, an Italy-based manufacturer of smart home, home and building, and security automation solutions, acquired Nortek Security And Control LLC for $285 million. With this acquisition, Nice SpA aims at expanding its portfolio to provide a full suite of integrated solutions for commercial, residential, government, and industrial customers that offer high-security applications and professionally installed specialized products. Nortek Security And Control LLC is a US-based developer of technology for home automation, power, control, security, access control, entertainment, artificial intelligence, and health systems for commercial and residential markets.

The countries covered in the smart homes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.



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Table of Contents

1. Executive Summary2. Smart Homes Market Characteristics3. Smart Homes Market Trends And Strategies4. Impact Of COVID-19 On Smart Homes
5. Smart Homes Market Size And Growth
5.1. Global Smart Homes Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Smart Homes Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Smart Homes Market Segmentation
6.1. Global Smart Homes Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Lighting Control
  • Security And Access Control
  • Heating, Ventilation, And Air Conditioning (HVAC) Control
  • Entertainment Control And Other Controls
  • Smart Speaker
  • Home Healthcare
  • Smart Kitchen
  • Home Appliances
  • Smart Furniture
6.2. Global Smart Homes Market, Segmentation By Software and Services, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Behavioural
  • Proactive
6.3. Global Smart Homes Market, Segmentation By Sales Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Direct
  • Indirect
6.4. Global Smart Homes Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Wireless Technology
  • Cellular Network Technology
6.5. Global Smart Homes Market, Segmentation By Standards and Protocols, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Wireless Protocols
  • Wired Protocols
  • Hybrid Protocols
7. Smart Homes Market Regional And Country Analysis
7.1. Global Smart Homes Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Smart Homes Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8. Asia-Pacific Smart Homes Market
8.1. Asia-Pacific Smart Homes Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Smart Homes Market, Segmentation by Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8.3. Asia-Pacific Smart Homes Market, Segmentation by Standards and Protocols, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
9. China Smart Homes Market
9.1. China Smart Homes Market Overview
9.2. China Smart Homes Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
9.3. China Smart Homes Market, Segmentation By Standards and Protocols, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India Smart Homes Market
10.1. India Smart Homes Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
10.2. India Smart Homes Market, Segmentation By Standards and Protocols, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan Smart Homes Market
11.1. Japan Smart Homes Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11.2. Japan Smart Homes Market, Segmentation By Standards and Protocols, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia Smart Homes Market
12.1. Australia Smart Homes Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12.2. Australia Smart Homes Market, Segmentation By Standards and Protocols, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia Smart Homes Market
13.1. Indonesia Smart Homes Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13.2. Indonesia Smart Homes Market, Segmentation By Standards and Protocols, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea Smart Homes Market
14.1. South Korea Smart Homes Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14.2. South Korea Smart Homes Market, Segmentation By Standards and Protocols, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15. Western Europe Smart Homes Market
15.1. Western Europe Smart Homes Market Overview
15.2. Western Europe Smart Homes Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15.3. Western Europe Smart Homes Market, Segmentation By Standards and Protocols, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK Smart Homes Market
16.1. UK Smart Homes Market, Segmentation by Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16.2. UK Smart Homes Market, Segmentation by Standards and Protocols, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany Smart Homes Market
17.1. Germany Smart Homes Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17.2. Germany Smart Homes Market, Segmentation By Standards and Protocols, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France Smart Homes Market
18.1. France Smart Homes Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18.2. France Smart Homes Market, Segmentation By Standards and Protocols, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19. Eastern Europe Smart Homes Market
19.1. Eastern Europe Smart Homes Market Overview
19.2. Eastern Europe Smart Homes Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19.3. Eastern Europe Smart Homes Market, Segmentation By Standards and Protocols, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia Smart Homes Market
20.1. Russia Smart Homes Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20.2. Russia Smart Homes Market, Segmentation By Standards and Protocols, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21. North America Smart Homes Market
21.1. North America Smart Homes Market Overview
21.2. North America Smart Homes Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21.3. North America Smart Homes Market, Segmentation By Standards and Protocols, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22. USA Smart Homes Market
22.1. USA Smart Homes Market Overview
22.2. USA Smart Homes Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22.3. USA Smart Homes Market, Segmentation By Standards and Protocols, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23. South America Smart Homes Market
23.1. South America Smart Homes Market Overview
23.2. South America Smart Homes Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23.3. South America Smart Homes Market, Segmentation By Standards and Protocols, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil Smart Homes Market
24.1. Brazil Smart Homes Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24.2. Brazil Smart Homes Market, Segmentation By Standards and Protocols, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25. Middle East Smart Homes Market
25.1. Middle East Smart Homes Market Overview
25.2. Middle East Smart Homes Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25.3. Middle East Smart Homes Market, Segmentation By Standards and Protocols, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26. Africa Smart Homes Market
26.1. Africa Smart Homes Market Overview
26.2. Africa Smart Homes Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26.3. Africa Smart Homes Market, Segmentation By Standards and Protocols, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
27. Smart Homes Market Competitive Landscape And Company Profiles
27.1. Smart Homes Market Competitive Landscape
27.2. Smart Homes Market Company Profiles
27.2.1. Honeywell International Inc
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Siemens AG
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Johnson Controls International
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Schneider Electric SE
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. United Technologies Corporation
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Smart Homes Market29. Smart Homes Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. About the Publisher
30.5. Copyright And Disclaimer

Executive Summary

Smart Homes Global Market Report 2022 provides the strategists, marketers and senior management with the critical information they need to assess the global smart homes market.

This report focuses on smart homes market which is experiencing strong growth. The report gives a guide to the smart homes market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:

Where is the largest and fastest growing market for the smart homes? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Smart Homes market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider smart homes market, and compares it with other markets.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The smart homes market section of the report gives context. It compares the smart homes market with other segments of the smart homes market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, smart homes indicators comparison.

Scope

Markets Covered:

1) By Product: Lighting Control; Security And Access Control; Heating, Ventilation, And Air Conditioning (HVAC) Control; Entertainment Control And Other Controls; Smart Speaker; Home Healthcare; Smart Kitchen; Home Appliances; Smart Furniture
2) By Software And Services: Behavioural; Proactive
3) By Sales Channel: Direct; Indirect
4) By Technology: Wireless Technology; Cellular Network Technology
5) By Standards And Protocols: Wireless Protocols; Wired Protocols; Hybrid Protocols

Companies Mentioned: Honeywell International Inc.; Siemens AG; Johnson Controls International; Schneider Electric SE; United Technologies Corporation

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Honeywell International Inc.
  • Siemens AG
  • Johnson Controls International
  • Schneider Electric SE
  • United Technologies Corporation
  • Amazon Inc
  • Apple
  • Google
  • ADT
  • Robert Bosch GmbH
  • Samsung Electronics
  • LG Electronics
  • ABB
  • Sony Corporation
  • Control4 Corporation
  • Comcast Corporation
  • Lutron Electronics Co. Inc.
  • Legrand SA
  • Smart home Inc.
  • General Electric Company
  • Ingersoll-Rand PLC
  • Xiaomi
  • Ooma
  • Delta Controls
  • Axis Communications
  • Crestron Electronics
  • SimpliSafe
  • Armorax
  • Canary

Methodology

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