Smart Home Market Size, Share & Trends Analysis, By Product (Security & Access Controls, Lighting Control, Entertainment Devices, HVAC, Smart Furniture, Home Healthcare), By Application (New Construction, Retrofit), Region and Forecast Period 2022 – 2030

Report ID - MRC_1719 | Pages - 282 | Category - Next Generation Technologies

Market Insights:

The Smart Home Market was valued at USD 74.7 Bn in 2021, at CAGR of 23.4% during the forecast period (2022-2030), and the Market is projected to be worth USD 495.6 Bn by 2030.

Driver:
The increased adoption of Smart Home in the Next Generation industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Smart Home also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Smart Home in many sectors also boosts the market growth during the forecast period.

How much is the Smart Home Market worth ?

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Smart home gadgets are suited for a home setup in which equipment may be operated remotely from any Internet-connected place in the globe using a mobile or other networked device. Because all of the gadgets in a smart home are connected to the Internet, the user may control services such as security access, temperature, lighting, and home entertainment.

Smart Home Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Product (Security & Access Controls, Lighting Control, Entertainment Devices, HVAC, Smart Furniture, Home Healthcare), application (New Construction, Retrofit), and companies (ABB, Robert Bosch GmbH, Sony Corporation, Samsung, Ooma Inc., Delta Controls, Comcast, Crestron Electronics Inc., SimpliSafe Inc., Armorax ,LG Electronics, Lutron Electronics Co., Inc, Legrand, Honeywell International Inc.,Siemens, Johnson Controls, Axis Communications AB, Schneider Electric, ASSA ABLOY, Amazon, Apple Inc., ADT.), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 23.4%, over the forecast period of 2022–2030.

Report Coverage:

Report AttributesReport Details
Study Timeline2018-2030
Market Size in 2030 (USD Billion)495.6 Billion
CAGR (2022-2030)23.4%
By ProductSecurity & Access Controls, Lighting Control, Entertainment Devices, HVAC, Smart Furniture, Home Healthcare.
By ApplicationNew Construction, Retrofit.
By ProtocolWireless Protocols, Wired Protocol, Hybrid.
By GeographyNorth America, Europe, Asia Pacific, Latin America, Middle East and Africa
Key PlayersABB, Robert Bosch GmbH, Sony Corporation, Samsung, Ooma Inc., Delta Controls, Comcast, Crestron Electronics Inc., SimpliSafe Inc., Armorax ,LG Electronics, Lutron Electronics Co., Inc, Legrand, Honeywell International Inc.,Siemens, Johnson Controls, Axis Communications AB, Schneider Electric, ASSA ABLOY, Amazon, Apple Inc., ADT.

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Covid-19 Impact:

The COVID-19 pandemic has had a substantial negative influence on the Smart Home market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.

Industry Competitive Landscape:

The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-

ABB, Robert Bosch GmbH, Sony Corporation, Samsung, Ooma Inc., Delta Controls, Comcast, Crestron Electronics Inc., SimpliSafe Inc., Armorax ,LG Electronics, Lutron Electronics Co., Inc, Legrand, Honeywell International Inc.,Siemens, Johnson Controls, Axis Communications AB, Schneider Electric, ASSA ABLOY, Amazon, Apple Inc., ADT.

Market Segment Analysis:

By Product

  • Security & Access Controls
  • Lighting Control
  • Entertainment Devices
  • HVAC
  • Smart Furniture
  • Home Healthcare
  • Other Devices

By Application

  • New Construction
  • Retrofit

By Protocols

  • Wireless Protocols
  • ZigBee
  • Wi-Fi
  • Bluetooth
  • Z Wave
  • Others
  • Wired Protocol
  • Hybrid

Region

The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.

The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Smart Home industries in the region.

Key Smart Home Market Trends

– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Smart Home Market segments.

– Largest Market Share Held by Industry to Industry for Smart Home

– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.

– Demand from the geographical area is estimated to boost growth.

– Growing Market Segment Adoption in the Smart Home Industry

– Over the forecast period, higher growth rates are anticipated in in some regions

Why Purchase the Industry Report by MRC

There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.

Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.

Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.

The competitive landscape includes the proportions of important players, recent innovations, and strategy.

Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.

Table of Content

Table of Content

1. Smart Home Market Introduction

1.1.Market Introduction
1.2.Market Research Methodology
1.2.1.Research Process
1.2.2.Primary Research
1.2.3.Secondary Research
1.2.4.Data Collection Technique
1.2.5.Data Sources
1.3.Market Estimation Methodology
1.3.1.Limitations of the Study
1.4.Product Picture of Smart Home
1.5.Years Considered for the Study
1.6.Research Methodology in brief
1.7.Parent Market Overview
1.8.Overall Global Smart Home Market Regional Demand
1.9.Data Source
1.9.1. Secondary Sources
1.9.2. Primary Sources

2. Smart Home Executive Summary

2.1.Business Trends
2.2.Regional Trends

3.Smart Home Market Dynamics

3.1.Drivers
3.1.1.Drivers
3.2.Restraints
3.2.1.Restraints
3.3.Opportunity
3.4.Impact forces during the forecast years
3.5.Industry Value Chain
3.5.1.Upstream analysis
3.5.2.Downstream analysis
3.5.3.Marketing and Distribution Channel
3.5.3.1.Direct Channel
3.5.3.2.Indirect Channel
3.6.Potential Customers
3.7.Manufacturing Cost Analysis
3.8.Pricing Analysis by Region
3.9.Key Technology Landscape
3.10.Regulatory Analysis
3.11. Porter’s Analysis
3.11.1.Supplier Power
3.11.2.Buyer Power
3.11.3.Substitution Threat
3.11.4.Threat from New Entry
3.11.5.Competitive Rivalry
3.12. PESTEL Analysis
3.12.1.Political Factors
3.12.2.Economic Factor
3.12.3.Social Factors
3.12.4.Technological Factor
3.12.5.Environmental Factors
3.12.6.Legal Factor

4. Global Smart Home Market Segmentation, by Revenue (USD Million), (2022-2030)

4.1.By Type
4.2.By Application

5.Global Smart Home Market Overview, By Region
5.1. North America Global Smart Home Market Revenue (USD Million), by Countries, (2022-2030)
5.1.1.US
5.1.2.Canada
5.1.3.Mexico
5.2.Europe Global Smart Home Market Revenue (USD Million), by Countries, (2022-2030)
5.2.1.Germany
5.2.2.France
5.2.3.UK
5.2.4.Spain
5.2.5.Russia
5.2.6.Italy
5.2.7.BENELUX
5.3.Asia Pacific Global Smart Home Market Revenue (USD Million), by Countries, (2022-2030)
5.3.1.China
5.3.2. Japan
5.3.3. Australia
5.3.4. South Korea
5.3.5. India
5.3.6. ASEAN
5.4.Latin America Global Smart Home Market Revenue (USD Million), by Countries, (2022-2030)
5.4.1.Brazil
5.4.2. Argentina
5.4.3. Chile
5.5.Middle East and Africa Global Smart Home Market Revenue (USD Million), by Countries, (2022-2030)
5.5.1.GCC
5.5.2.Turkey
5.5.3.South Africa

6.Competitive Analysis
6.1.Business Overview
6.2.Business Financials (USD Million)
6.3.Product Category, Type, and Specification
6.4.Main Business/Business Overview
6.5.Geographical Analysis
6.6.Recent Development
6.7.Swot Analysis

7.Conclusion

8.Disclaimer

To check our Detail TOC, please mail us at: [email protected]

Research Methodology

The Market Research Community offers numerous solutions and its full addition in the research methods to be skilled at each step. We use wide-ranging resources to produce the best outcome for our customers. The achievement of a research development is completely reliant on the research methods implemented by the company. We always faithful to our clients to find opportunities by examining the global market and offering economic insights.

Market Research Community are proud of our widespread coverage that encompasses the understanding of numerous major industry domains. Company offers consistency in our research report, we also offers on the part of the analysis of forecast across a range of coverage geographies and coverage. The research teams carry out primary and secondary research to carry out and design the data collection methods.

Smart Home Market Size, Share & Trends Analysis, By Product (Security & Access Controls, Lighting Control, Entertainment Devices, HVAC, Smart Furniture, Home Healthcare), By Application (New Construction, Retrofit), Region and Forecast Period 2022 – 2030
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