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Global Smart Home Market Size, Share, Analysis, Forecast: By Product: Lighting Control, Security and Access Control, HVAC Control, Entertainment, Home Healthcare, Smart Kitchen, Home Appliances, Smart Furniture, Others; By Software and Services: Proactive, Behavioural; Regional Analysis; Competitive Landscape; 2024-2032
Smart Home Market Growth
A smart home is identified as a residence where appliances and devices are automated and can be controlled with an internet connection. A smart home allows the user to control and monitor various functions, such as security access, temperature, and lighting, among others remotely. It can be set up through a wireless or hard-wired system.
The growing upgradation of homes by adopting the latest technological advancements to aid in various applications is consequently augmenting the smart home market development. Moreover, the rising ownership and use of smart speakers, especially among the youth, for making living spaces more comfortable, relaxing, and multifunctional during home quarantine is providing further impetus to the smart home sector. Independent living among millennials and the gen-z population and their hectic lifestyles are also increasing the demand for smart home products, further aiding the market growth. In addition, smart home technology saves energy while providing great convenience; it is increasingly used by consumers to reduce carbon footprints. Moreover, smart homes can be installed easily and integrate with other devices while enhancing security, which, in turn, is further propelling the market growth.
Smart Home Market Report Snapshots
Smart Home Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Smart Home Market Analysis
8.1 Key Industry Highlights
8.2 Global Smart Home Historical Market (2018-2023)
8.3 Global Smart Home Market Forecast (2024-2032)
8.4 Global Smart Home Market by Product
8.4.1 Lighting Control
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Security and Access Control
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 HVAC Control
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Entertainment
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Home Healthcare
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Smart Kitchen
8.4.6.1 Historical Trend (2018-2023)
8.4.6.2 Forecast Trend (2024-2032)
8.4.7 Home Appliances
8.4.7.1 Historical Trend (2018-2023)
8.4.7.2 Forecast Trend (2024-2032)
8.4.8 Smart Furniture
8.4.8.1 Historical Trend (2018-2023)
8.4.8.2 Forecast Trend (2024-2032)
8.4.9 Others
8.5 Global Smart Home Market by Software and Services
8.5.1 Proactive
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Behavioural
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Smart Home Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Smart Home Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Smart Home Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Smart Home Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Smart Home Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Smart Home Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Honeywell International, Inc
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Johnson Controls International.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Schneider Electric
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Siemens AG
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 United Technologies Corporation
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Smart Home Market: Key Industry Highlights, 2018 and 2032
2. Global Smart Home Historical Market: Breakup by Product (USD Billion), 2018-2023
3. Global Smart Home Market Forecast: Breakup by Product (USD Billion), 2024-2032
4. Global Smart Home Historical Market: Breakup by Software and Service (USD Billion), 2018-2023
5. Global Smart Home Market Forecast: Breakup by Software and Service (USD Billion), 2024-2032
6. Global Smart Home Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Smart Home Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Smart Home Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Smart Home Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Smart Home Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Smart Home Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Smart Home Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Smart Home Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Smart Home Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Smart Home Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Smart Home Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Smart Home Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Smart Home Market Structure
Key Questions Answered in the Report
The global smart home market is being aided by the growth of global smart home appliances market, which attained a value of nearly USD 52.01 billion in 2023.
The global smart home appliances market is projected to grow at a CAGR of 15% between 2024 and 2032.
The market is driven by increasing internet penetration, growing adoption of smart devices, and rising demand for innovative home monitoring technology.
The key trends of the market include increasing digital advancements, rising demand for energy-efficient products, and increasing adoption of technology in home management applications.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The various products of smart home in the market are lighting control, security and access control, HVAC control, entertainment, home healthcare, smart kitchen, home appliances, and smart furniture, among others.
The significant software and services in the market are proactive and behavioural.
The major players in the market are Honeywell International, Inc., Johnson Controls International., Schneider Electric, Siemens AG, and United Technologies Corporation, among others.
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