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Global Smart Home Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast 2024-2035

  • PUBLISHED ON
  • 2/24/2023
  • NO OF PAGES
  • 256
  • CATEGORY
  • Information Technology
Smart Home market report presents a global overview of market shares, size, statistics, trends, demand, revenue and growth opportunities by key players, regions and countries. This report offers a complete market overview during the past, present, and the forecast period till 2032 which helps to identify future opportunities, risk factors, growing areas. Report also highlight on recent developments, technological innovations, market affecting factors, demographics analysis, demand and supply chain which gives brief strategy of market growth during the forecast period. It also gives in-depth insights on SWOT and PESTLE analysis based on industry segmentations and regional developments.

Market Overview:
The report provides a basic overview of the industry including definitions, classifications, and industry chain structure. The Smart Home market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand, price, revenue and gross margins.

Report Scope:
The primary and secondary research is done in order to access up-to-date government regulations, market information and industry data. Data were collected from the Smart Home manufacturers, distributors, end users, industry associations, governments’ industry bureaus, industry publications, industry experts, third party database, and our in-house databases. The report combines extensive quantitative analysis and exhaustive qualitative analysis, ranges from a macro overview of the total market size, industry chain, and market dynamics to micro details of segment by type, application and region and as a result provides a holistic view of as well as a deep insight into the Smart Home market covering all its essential aspects.

Global Smart Home Market: Segmentations



Global Smart Home Market: Major Players
Johnson Controls, Inc.
General Electrical Company
United Technologies Corporation
Honeywell International Inc
ASSA ABLOY AB
Legrand S.A.
Vivint
ABB Ltd
Apple, Inc
Schneider Electric SE
Control4 Corporation
Robert Bosch GmbH
LG Electronics, Inc
Emerson electric co.
Sony Corporation
Honeywell International
Google LLC
Amazon Inc
Siemens AG
Centrica Connected Home Limited
Crestron Electronics

Global Smart Home Market: By Types
Security
Heating, ventilation, and air conditioning (HVAC)
Lighting Controllers
Entertainment
Energy Management
Home health
Others

Global Smart Home Market: By Applications
Installation & repair
Customization



Global Smart Home Market: Regional Analysis
The countries covered in the regional analysis of the Global Smart Home market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

Key Benefits:
• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter’s Five Force Model and SWOT analysis are used to study the global Smart Home market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Smart Home would help in identifying future applications in this market.

Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support

Objectives of the Study:
• To provide with an exhaustive analysis on the Smart Home Market by Product, By Application, By End User and by Region.
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions— North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
• To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions
Base Year: 2023
Historic Year: 2016-2022
Forecast: 2024-2035


1 Smart Home Introduction and Market Overview
1.1 Objectives of the Study
1.2 Overview of Smart Home
1.3 Smart Home Market Scope and Market Size Estimation
1.3.1 Market Concentration Ratio and Market Maturity Analysis
1.3.2 Global Smart Home Revenue and Growth Rate from 2016-2026
1.4 Market Segmentation
1.4.1 Types of Smart Home
1.4.2 Applications of Smart Home
1.4.3 Research Regions
1.5 Market Dynamics
1.5.1 Smart Home Industry Trends
1.5.2 Smart Home Drivers
1.5.3 Smart Home Market Challenges
1.5.4 Smart Home Market Restraints
1.6 Industry News and Policies by Regions
1.6.1 Industry News
1.6.2 Industry Policies
1.7 Mergers & Acquisitions, Expansion Plans
1.8 Smart Home Industry Development Trends under COVID-19 Outbreak
1.8.1 Global COVID-19 Status Overview
1.8.2 Influence of COVID-19 Outbreak on Smart Home Industry Development

2 Industry Chain Analysis
2.1 Upstream Raw Material Supply and Demand Analysis
2.1.1 Global Smart Home Major Upstream Raw Material and Suppliers
2.1.2 Raw Material Source Analysis
2.2 Major Players of Smart Home
2.2.1 Major Players Manufacturing Base of Smart Home in 2020
2.2.2 Major Players Market Distribution in 2020
2.3 Smart Home Manufacturing Cost Structure Analysis
2.3.1 Production Process Analysis
2.3.2 Manufacturing Cost Structure of Smart Home
2.3.3 Labor Cost of Smart Home
2.4 Market Channel Analysis of Smart Home
2.5 Major Down Stream Customers by Application

3 Global Smart Home Market, by Type
3.1 Global Smart Home Revenue and Market Share by Type (2016-2021)
3.2 Global Smart Home Production and Market Share by Type (2016-2021)
3.3 Global Smart Home Revenue and Growth Rate by Type (2016-2021)
3.3.1 Global Smart Home Revenue and Growth Rate of Security
3.3.2 Global Smart Home Revenue and Growth Rate of Heating, ventilation, and air conditioning (HVAC)
3.3.3 Global Smart Home Revenue and Growth Rate of Lighting Controllers
3.3.4 Global Smart Home Revenue and Growth Rate of Entertainment
3.3.5 Global Smart Home Revenue and Growth Rate of Energy Management
3.3.6 Global Smart Home Revenue and Growth Rate of Home health
3.3.7 Global Smart Home Revenue and Growth Rate of Others
3.4 Global Smart Home Price Analysis by Type (2016-2021)
3.4.1 Explanation of Different Type Product Price Trends

4 Smart Home Market, by Application
4.1 Downstream Market Overview
4.2 Global Smart Home Consumption and Market Share by Application (2016-2021)
4.3 Global Smart Home Consumption and Growth Rate by Application (2016-2021)
4.3.1 Global Smart Home Consumption and Growth Rate of Installation & repair (2016-2021)
4.3.2 Global Smart Home Consumption and Growth Rate of Customization (2016-2021)

5 Global Smart Home Consumption, Revenue ($) by Region (2016-2021)
5.1 Global Smart Home Revenue and Market Share by Region (2016-2021)
5.2 Global Smart Home Consumption and Market Share by Region (2016-2021)
5.3 Global Smart Home Consumption, Revenue, Price and Gross Margin (2016-2021)
5.4 North America Smart Home Consumption, Revenue, Price and Gross Margin (2016-2021)
5.4.1 North America Smart Home Market Under COVID-19
5.4.2 North America Smart Home SWOT Analysis
5.5 Europe Smart Home Consumption, Revenue, Price and Gross Margin (2016-2021)
5.5.1 Europe Smart Home Market Under COVID-19
5.5.2 Europe Smart Home SWOT Analysis
5.6 China Smart Home Consumption, Revenue, Price and Gross Margin (2016-2021)
5.6.1 China Smart Home Market Under COVID-19
5.6.2 China Smart Home SWOT Analysis
5.7 Japan Smart Home Consumption, Revenue, Price and Gross Margin (2016-2021)
5.7.1 Japan Smart Home Market Under COVID-19
5.7.2 Japan Smart Home SWOT Analysis
5.8 Middle East and Africa Smart Home Consumption, Revenue, Price and Gross Margin (2016-2021)
5.8.1 Middle East and Africa Smart Home Market Under COVID-19
5.8.2 Middle East and Africa Smart Home SWOT Analysis
5.9 India Smart Home Consumption, Revenue, Price and Gross Margin (2016-2021)
5.9.1 India Smart Home Market Under COVID-19
5.9.2 India Smart Home SWOT Analysis
5.10 South America Smart Home Consumption, Revenue, Price and Gross Margin (2016-2021)
5.10.1 South America Smart Home Market Under COVID-19
5.10.2 South America Smart Home SWOT Analysis
5.11 South Korea Smart Home Consumption, Revenue, Price and Gross Margin (2016-2021)
5.11.1 South Korea Smart Home Market Under COVID-19
5.11.2 South Korea Smart Home SWOT Analysis
5.12 Southeast Asia Smart Home Consumption, Revenue, Price and Gross Margin (2016-2021)
5.12.1 Southeast Asia Smart Home Market Under COVID-19
5.12.2 Southeast Asia Smart Home SWOT Analysis

6 Global Smart Home Production by Top Regions (2016-2021)
6.1 Global Smart Home Production by Top Regions (2016-2021)
6.2 North America Smart Home Production and Growth Rate
6.3 Europe Smart Home Production and Growth Rate
6.4 China Smart Home Production and Growth Rate
6.5 Japan Smart Home Production and Growth Rate
6.6 India Smart Home Production and Growth Rate

7 Global Smart Home Consumption by Regions (2016-2021)
7.1 Global Smart Home Consumption by Regions (2016-2021)
7.2 North America Smart Home Consumption and Growth Rate
7.3 Europe Smart Home Consumption and Growth Rate
7.4 China Smart Home Consumption and Growth Rate
7.5 Japan Smart Home Consumption and Growth Rate
7.6 Middle East & Africa Smart Home Consumption and Growth Rate
7.7 India Smart Home Consumption and Growth Rate
7.8 South America Smart Home Consumption and Growth Rate
7.9 South Korea Smart Home Consumption and Growth Rate
7.10 Southeast Asia Smart Home Consumption and Growth Rate

8 Competitive Landscape
8.1 Competitive Profile
8.2 Johnson Controls, Inc. Market Performance Analysis
8.2.1 Company Profiles
8.2.2 Smart Home Product Profiles, Application and Specification
8.2.3 Johnson Controls, Inc. Sales, Revenue, Price, Gross Margin 2016-2021
8.2.4 Company Recent Development
8.2.5 Strategies for Company to Deal with the Impact of COVID-19
8.3 General Electrical Company Market Performance Analysis
8.3.1 Company Profiles
8.3.2 Smart Home Product Profiles, Application and Specification
8.3.3 General Electrical Company Sales, Revenue, Price, Gross Margin 2016-2021
8.3.4 Company Recent Development
8.3.5 Strategies for Company to Deal with the Impact of COVID-19
8.4 United Technologies Corporation Market Performance Analysis
8.4.1 Company Profiles
8.4.2 Smart Home Product Profiles, Application and Specification
8.4.3 United Technologies Corporation Sales, Revenue, Price, Gross Margin 2016-2021
8.4.4 Company Recent Development
8.4.5 Strategies for Company to Deal with the Impact of COVID-19
8.5 Honeywell International Inc Market Performance Analysis
8.5.1 Company Profiles
8.5.2 Smart Home Product Profiles, Application and Specification
8.5.3 Honeywell International Inc Sales, Revenue, Price, Gross Margin 2016-2021
8.5.4 Company Recent Development
8.5.5 Strategies for Company to Deal with the Impact of COVID-19
8.6 ASSA ABLOY AB Market Performance Analysis
8.6.1 Company Profiles
8.6.2 Smart Home Product Profiles, Application and Specification
8.6.3 ASSA ABLOY AB Sales, Revenue, Price, Gross Margin 2016-2021
8.6.4 Company Recent Development
8.6.5 Strategies for Company to Deal with the Impact of COVID-19
8.7 Legrand S.A. Market Performance Analysis
8.7.1 Company Profiles
8.7.2 Smart Home Product Profiles, Application and Specification
8.7.3 Legrand S.A. Sales, Revenue, Price, Gross Margin 2016-2021
8.7.4 Company Recent Development
8.7.5 Strategies for Company to Deal with the Impact of COVID-19
8.8 Vivint Market Performance Analysis
8.8.1 Company Profiles
8.8.2 Smart Home Product Profiles, Application and Specification
8.8.3 Vivint Sales, Revenue, Price, Gross Margin 2016-2021
8.8.4 Company Recent Development
8.8.5 Strategies for Company to Deal with the Impact of COVID-19
8.9 ABB Ltd Market Performance Analysis
8.9.1 Company Profiles
8.9.2 Smart Home Product Profiles, Application and Specification
8.9.3 ABB Ltd Sales, Revenue, Price, Gross Margin 2016-2021
8.9.4 Company Recent Development
8.9.5 Strategies for Company to Deal with the Impact of COVID-19
8.10 Apple, Inc Market Performance Analysis
8.10.1 Company Profiles
8.10.2 Smart Home Product Profiles, Application and Specification
8.10.3 Apple, Inc Sales, Revenue, Price, Gross Margin 2016-2021
8.10.4 Company Recent Development
8.10.5 Strategies for Company to Deal with the Impact of COVID-19
8.11 Schneider Electric SE Market Performance Analysis
8.11.1 Company Profiles
8.11.2 Smart Home Product Profiles, Application and Specification
8.11.3 Schneider Electric SE Sales, Revenue, Price, Gross Margin 2016-2021
8.11.4 Company Recent Development
8.11.5 Strategies for Company to Deal with the Impact of COVID-19
8.12 Control4 Corporation Market Performance Analysis
8.12.1 Company Profiles
8.12.2 Smart Home Product Profiles, Application and Specification
8.12.3 Control4 Corporation Sales, Revenue, Price, Gross Margin 2016-2021
8.12.4 Company Recent Development
8.12.5 Strategies for Company to Deal with the Impact of COVID-19
8.13 Robert Bosch GmbH Market Performance Analysis
8.13.1 Company Profiles
8.13.2 Smart Home Product Profiles, Application and Specification
8.13.3 Robert Bosch GmbH Sales, Revenue, Price, Gross Margin 2016-2021
8.13.4 Company Recent Development
8.13.5 Strategies for Company to Deal with the Impact of COVID-19
8.14 LG Electronics, Inc Market Performance Analysis
8.14.1 Company Profiles
8.14.2 Smart Home Product Profiles, Application and Specification
8.14.3 LG Electronics, Inc Sales, Revenue, Price, Gross Margin 2016-2021
8.14.4 Company Recent Development
8.14.5 Strategies for Company to Deal with the Impact of COVID-19
8.15 Emerson electric co. Market Performance Analysis
8.15.1 Company Profiles
8.15.2 Smart Home Product Profiles, Application and Specification
8.15.3 Emerson electric co. Sales, Revenue, Price, Gross Margin 2016-2021
8.15.4 Company Recent Development
8.15.5 Strategies for Company to Deal with the Impact of COVID-19
8.16 Sony Corporation Market Performance Analysis
8.16.1 Company Profiles
8.16.2 Smart Home Product Profiles, Application and Specification
8.16.3 Sony Corporation Sales, Revenue, Price, Gross Margin 2016-2021
8.16.4 Company Recent Development
8.16.5 Strategies for Company to Deal with the Impact of COVID-19
8.17 Honeywell International Market Performance Analysis
8.17.1 Company Profiles
8.17.2 Smart Home Product Profiles, Application and Specification
8.17.3 Honeywell International Sales, Revenue, Price, Gross Margin 2016-2021
8.17.4 Company Recent Development
8.17.5 Strategies for Company to Deal with the Impact of COVID-19
8.18 Google LLC Market Performance Analysis
8.18.1 Company Profiles
8.18.2 Smart Home Product Profiles, Application and Specification
8.18.3 Google LLC Sales, Revenue, Price, Gross Margin 2016-2021
8.18.4 Company Recent Development
8.18.5 Strategies for Company to Deal with the Impact of COVID-19
8.19 Amazon Inc Market Performance Analysis
8.19.1 Company Profiles
8.19.2 Smart Home Product Profiles, Application and Specification
8.19.3 Amazon Inc Sales, Revenue, Price, Gross Margin 2016-2021
8.19.4 Company Recent Development
8.19.5 Strategies for Company to Deal with the Impact of COVID-19
8.20 Siemens AG Market Performance Analysis
8.20.1 Company Profiles
8.20.2 Smart Home Product Profiles, Application and Specification
8.20.3 Siemens AG Sales, Revenue, Price, Gross Margin 2016-2021
8.20.4 Company Recent Development
8.20.5 Strategies for Company to Deal with the Impact of COVID-19
8.21 Centrica Connected Home Limited Market Performance Analysis
8.21.1 Company Profiles
8.21.2 Smart Home Product Profiles, Application and Specification
8.21.3 Centrica Connected Home Limited Sales, Revenue, Price, Gross Margin 2016-2021
8.21.4 Company Recent Development
8.21.5 Strategies for Company to Deal with the Impact of COVID-19
8.22 Crestron Electronics Market Performance Analysis
8.22.1 Company Profiles
8.22.2 Smart Home Product Profiles, Application and Specification
8.22.3 Crestron Electronics Sales, Revenue, Price, Gross Margin 2016-2021
8.22.4 Company Recent Development
8.22.5 Strategies for Company to Deal with the Impact of COVID-19

9 Global Smart Home Market Analysis and Forecast by Type and Application
9.1 Global Smart Home Market Revenue & Volume Forecast, by Type (2021-2026)
9.1.1 Security Market Revenue and Volume Forecast (2021-2026)
9.1.2 Heating, ventilation, and air conditioning (HVAC) Market Revenue and Volume Forecast (2021-2026)
9.1.3 Lighting Controllers Market Revenue and Volume Forecast (2021-2026)
9.1.4 Entertainment Market Revenue and Volume Forecast (2021-2026)
9.1.5 Energy Management Market Revenue and Volume Forecast (2021-2026)
9.1.6 Home health Market Revenue and Volume Forecast (2021-2026)
9.1.7 Others Market Revenue and Volume Forecast (2021-2026)
9.2 Global Smart Home Market Revenue & Volume Forecast, by Application (2021-2026)
9.2.1 Installation & repair Market Revenue and Volume Forecast (2021-2026)
9.2.2 Customization Market Revenue and Volume Forecast (2021-2026)

10 Smart Home Market Supply and Demand Forecast by Region
10.1 North America Market Supply and Demand Forecast (2021-2026)
10.2 Europe Market Supply and Demand Forecast (2021-2026)
10.3 China Market Supply and Demand Forecast (2021-2026)
10.4 Japan Market Supply and Demand Forecast (2021-2026)
10.5 Middle East and Africa Market Supply and Demand Forecast (2021-2026)
10.6 India Market Supply and Demand Forecast (2021-2026)
10.7 South America Market Supply and Demand Forecast (2021-2026)
10.8 South Korea Market Supply and Demand Forecast (2021-2026)
10.9 Southeast Asia Market Supply and Demand Forecast (2021-2026)
10.10 Explanation of Market Size Trends by Region
10.11 Smart Home Market Trends Analysis

11 New Project Feasibility Analysis
11.1 Industry Barriers and New Entrants SWOT Analysis
11.2 Analysis and Suggestions on New Project Investment

12 Expert Interview Record
13 Research Finding and Conclusion
14 Appendix
14.1 Methodology
14.2 Research Data Source

Quality Assurance Process

  1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
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  • Conduct frequent client communications
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  • Assign a senior SR executive as QA Executive
  • Conduct internal editorial & quality reviews of project deliverables
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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.

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