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Market Research Report

Global Smart Home Market: Trends, Opportunities and Forecast (2018-2025)

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Global Smart Home Market: Trends, Opportunities and Forecast (2018-2025)
Published: March 25, 2019 Content info: 170 Pages
Description

Title:
Global Smart Home Market
by Application (Lighting Control, Security & Access Control, HVAC Control, Home Healthcare, Home Appliances and Entertainment & Other Control) and by Geography - Opportunities & Forecast, 2018-2025 by Application (Lighting Control, Security & Access Control, HVAC Control, Home Healthcare, Home Appliances and Entertainment & Other Control) and by Geography - Opportunities & Forecast, 2018-2025.

The global Smart Home market was valued at USD 52,799.8 million in 2017 and is projected to reach USD 12,5857.9 million by the end of 2025, growing at a CAGR of 11.8 % during 2018-2025.

The key factors bolstering the market growth are rise in the internet of things, increasing penetration of energy-efficient systems and solutions as well as growing demand for real time home security solutions and consumer electronics worldwide. In addition, growing focus of companies towards the development of technologically advanced systems and solutions as well as augmenting demand for smartphones and smart gadgets worldwide smart home

Based on Application type, implantable s Lighting control Segment is anticipated to lead the market during 2018-2025

Lighting control is expected to dominate the market during the forecast period due to the Increasing adoption rate of intelligent lighting controls by households globally. Moreover, a paradigm shifts towards cost-effectiveness and energy efficient lighting controls which have the ability to reduce electricity consumption as they consist of advanced sensors, which automatically adjust the intensity of artificial light according to the surroundings are also driving the market growth.

On the other hand, entertainment control is also witnessing substantial growth in the smart home market, globally. The growth of the market can be attributed to the ease of managing and controlling entertainment systems, such as audio, volume, multimedia room controls within a house. Also, demand for home theatre system controls has grown significantly owing to the advancement in wireless communication technologies.

Some of the major companies involved in the manufacturing and development of smart home include: Siemens AG, General Electric Company, Schneider Electric SE, Honeywell International Inc., Samsung Electronics Co. Ltd., Sony Corporation, LG Electronics, and others. Additionally, key players in the market are expanding their business by pursuing collaborations and acquisitions in potential markets

Based on geography, North America held the largest share in the market in 2017 owing to the growing need for advanced security and access control solutions as well as rising usage of smartphones and tablets in smart home solutions. Europe has also registered a significant growth rate in the global Smart Home market followed by North America. Asia-Pacific is the fastest growing region in the global Smart Home market and is projected to grow at CAGR of 13.0 % during 2018-2025 due to the rising disposable income coupled with the improved standard of living of people. Moreover, consumers are highly inclined towards the installation of connected home and kitchen appliances owing to their beneficial attributes including safety, energy efficiency, and convenience

Various notable players operating in the market include: Siemens AG, United Technologies Corporation, General Electric Company, Schneider Electric SE, Honeywell International, Inc., Ingersoll-Rand PLC, Johnson Controls Inc., ABB Ltd., Legrand S.A., Samsung Electronics Co., Ltd., Sony Corporation, Panasonic Corporation and LG Electronics among others.

The ‘global smart home market’ has been segmented on the basis of application and key geographies. Based on the application, global smart home market has been segmented into lighting control, security & access control, HVAC control, home healthcare, home appliances and entertainment & other control.

The research report “global neurostimulation market” provides in-depth analysis of smart home market, globally, based on application and major geographies for the forecast period from 2018 to 2025. The report highlights the major market drivers fuelling the growth as well as challenges faced by the market participants. The research report provides market size and forecast for smart home market. The report also analyses the competitive landscape, major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent developments in the market.

Key questions answered in this research report:

  • 1. At what pace is smart home market growing, globally? What will be the growth trend in future?
  • 2. What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints over the coming years?
  • 3. What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the smart home market?
  • 4. What are the various application areas and how they are poised to grow?
Table of Contents
Product Code: ES03A -00 -0319

Table of Contents

1. Executive Summary

2. Introduction

  • 2.1. Study Objectives
  • 2.2. Market Definition
    • 2.2.1. Market Covered
    • 2.2.2. Segmentation by Region
    • 2.2.3. Study Years and Currency
  • 2.3. Market Stakeholders
  • 2.4. Research Methodology
  • 2.5. Key Questions this Study will Answer

3. Smart Home Market Overview

  • 3.1. Introduction
  • 3.2. Market Segmentation
  • 3.3. Value Chain Analysis
  • 3.4. Market Drivers
  • 3.5. Market Restraints
  • 3.6. Market Trends

4. Smart Home Market Revenue Forecast till 2025

5. Smart Home Market By Application Revenue Forecast till 2025

  • 5.1. Lighting Control
  • 5.2. Security and Access Control
  • 5.3. HVAC Control
  • 5.4. Home Healthcare
  • 5.5. Home Appliances
  • 5.6. Entertainment & Other Controls

6. Smart Home Market by Geography Revenue Forecast till 2025

  • 6.1. North America - Smart Home Market Revenue Forecast till 2025
    • 6.1.1. Smart Home Market by Application
      • 6.1.1.1. Lighting Control
      • 6.1.1.2. Security and Access Control
      • 6.1.1.3. HVAC Control
      • 6.1.1.4. Home Healthcare
      • 6.1.1.5. Home Appliances
      • 6.1.1.6. Entertainment & Other Controls
  • 6.2. Europe - Smart Home Market Revenue Forecast till 2025
    • 6.2.1. Smart Home Market by Application
      • 6.2.1.1. Lighting Control
      • 6.2.1.2. Security and Access Control
      • 6.2.1.3. HVAC Control
      • 6.2.1.4. Home Healthcare
      • 6.2.1.5. Home Appliances
      • 6.2.1.6. Entertainment & Other Controls
  • 6.3. Asia-Pacific - Smart Home Market Revenue Forecast till 2025
    • 6.3.1. Smart Home Market by Application
      • 6.3.1.1. Lighting Control
      • 6.3.1.2. Security and Access Control
      • 6.3.1.3. HVAC Control
      • 6.3.1.4. Home Healthcare
      • 6.3.1.5. Home Appliances
      • 6.3.1.6. Entertainment & Other Controls
  • 6.4. Rest of the World -Smart Home Market Revenue Forecast till 2025
    • 6.4.1. Smart Home Market by Application
      • 6.4.1.1. Lighting Control
      • 6.4.1.2. Security and Access Control
      • 6.4.1.3. HVAC Control
      • 6.4.1.4. Home Healthcare
      • 6.4.1.5. Home Appliances
      • 6.4.1.6. Entertainment & Other Control
  • 6.5. Countries with high growth opportunity in Smart Home- Revenue Forecast till 2025
    • 6.5.1. United States
    • 6.5.2. Canada
    • 6.5.3. Germany
    • 6.5.4. United Kingdom
    • 6.5.5. France
    • 6.5.6. China
    • 6.5.7. Japan

7. Competitive Landscape

  • 7.1. Strategies of Major Players
    • 7.1.1. Porter's Five Forces Analysis

8. Company Profiles

  • 8.1. Siemens AG
    • 8.1.1. Company Overview
    • 8.1.2. Financials
    • 8.1.3. Recent Developments
  • 8.2. United Technologies Corporation
    • 8.2.1. Company Overview
    • 8.2.2. Financials
    • 8.2.3. Recent Developments
  • 8.3. General Electric Company
    • 8.3.1. Company Overview
    • 8.3.2. Financials
    • 8.3.3. Recent Developments
  • 8.4. Schneider Electric SE
    • 8.4.1. Company Overview
    • 8.4.2. Financials
    • 8.4.3. Recent Developments
  • 8.5. Honeywell International Inc.
    • 8.5.1. Company Overview
    • 8.5.2. Financials
    • 8.5.3. Recent Developments
  • 8.6. Ingersoll-Rand PLC
    • 8.6.1. Company Overview
    • 8.6.2. Financials
    • 8.6.3. Recent Developments
  • 8.7. Johnson Controls International Plc.
    • 8.7.1. Company Overview
    • 8.7.2. Financials
    • 8.7.3. Recent Developments
  • 8.8. ABB Group
    • 8.8.1. Company Overview
    • 8.8.2. Financials
    • 8.8.3. Recent Developments
  • 8.9. Legrand S.A.
    • 8.9.1. Company Overview
    • 8.9.2. Financials
    • 8.9.3. Recent Developments
  • 8.10. Samsung Electronics Co., Ltd.
    • 8.10.1. Company Overview
    • 8.10.2. Financials
    • 8.10.3. Recent Developments
  • 8.11. Sony Corporation
    • 8.11.1. Company Overview
    • 8.11.2. Financials
    • 8.11.3. Recent Developments
  • 8.12. Panasonic Corporation
    • 8.12.1. Company Overview
    • 8.12.2. Financials
    • 8.12.3. Recent Developments
  • 8.13. LG Electronics
    • 8.13.1. Company Overview
    • 8.13.2. Financials
    • 8.13.3. Recent Developments

9. About GMI Research

List of Figure

  • Figure 1: Global Smart Home Market Revenue By Region, 2016
  • Figure 2: Global Smart Home Market Revenue Forecast (2016-2025)
  • Figure 3: Global Smart Home Market By Geography, % Revenue Share (2016-2025)
  • Figure 4: Global Smart Home Market Revenue Split, By Application, 2016
  • Figure 5: Total Smart Home Market: Segment Attractiveness by Geography, Global Market 2016
  • Figure 6: Market Definition - Markets Covered
  • Figure 7: Market Definition - Segmentation by Region
  • Figure 8: Study Years
  • Figure 9: Smart Home Market Stakeholders
  • Figure 10: Research Methodology
  • Figure 11: Key Questions This Study will Answer
  • Figure 12: Applications of a Smart Home
  • Figure 13: Value Chain Analysis
  • Figure 14: Drivers
  • Figure 15: Drivers - Impact
  • Figure 16: Restraints
  • Figure 17: Restraints - Impact
  • Figure 18: Trends
  • Figure 19: Global Smart Home Market, Revenue Forecast 2018-2025 (USD Billion)
  • Figure 20: Features of a Smart Home
  • Figure 21: Internet Users in the United States, 2016-2018 (% of Population)
  • Figure 22: Global Smart Home Market, By Application, % Revenue Share, 2017
  • Figure 23: Global Smart Home Market, By Application, % Revenue Share, 2025
  • Figure 24: Global Smart Home Market, By Lighting Control, Revenue Forecast 2018-2025 (USD Million)
  • Figure 25: Global Smart Home Market, By Security and Access Control, Revenue Forecast 2018-2025 (USD Million)
  • Figure 26: Global Smart Home Market, By HVAC Control, Revenue Forecast 2018-2025 (USD Million)
  • Figure 27: Global Smart Home Market, By Home Healthcare, Revenue Forecast 2018-2025 (USD Million)
  • Figure 28: Global Smart Home Market, By Home Appliances, Revenue Forecast 2018-2025 (USD Million)
  • Figure 29: Global Smart Home Market, By Entertainment & Other Controls, Revenue Forecast 2018-2025 (USD Million)
  • Figure 30: Global Smart Home Market, By Geography, % Revenue Share, 2017
  • Figure 31: Global Smart Home Market, By Geography, % Revenue Share, 2025
  • Figure 32: North America Smart Home Market, Revenue Forecast 2018-2025 (USD Million)
  • Figure 33: North America Smart Home Market, By Application, Revenue Forecast 2018-2025 (USD Million)
  • Figure 34: United States Smart Home Market, Revenue Forecast 2018-2025 (USD Million)
  • Figure 35: Canada Smart Home Market, Revenue Forecast 2018-2025 (USD Million)
  • Figure 36: Europe Smart Home Market, Revenue Forecast 2018-2025 (USD Million)
  • Figure 37: Europe Smart Home Market, By Application, Revenue Forecast 2019-2025 (USD Million)
  • Figure 38: Germany Smart Home Market, Revenue Forecast 2018-2025 (USD Million)
  • Figure 39: United Kingdom Smart Home Market, Revenue Forecast 2018-2025 (USD Million)
  • Figure 40: France Smart Home Market, Revenue Forecast 2018-2025 (USD Million)
  • Figure 41: Rest of Europe Smart Home Market, Revenue Forecast 2018-2025 (USD Million)
  • Figure 42: Asia-Pacific Smart Home Market, Revenue Forecast 2018-2025 (USD Million)
  • Figure 43: Asia-Pacific Smart Home Market, By Application, Revenue Forecast 2018-2025 (USD Million)
  • Figure 44: China Smart Home Market, Revenue Forecast 2018-2025 (USD Million)
  • Figure 45: GNI Per Capita of China, 2015-2017 (USD)
  • Figure 46: Japan Smart Home Market, Revenue Forecast 2018-2025 (USD Million)
  • Figure 47: Internet Users in Japan, 2015-2017 (% of Population)
  • Figure 48: Rest of Asia-Pacific Smart Home Market, Revenue Forecast 2018-2025 (USD Million)
  • Figure 49: RoW Smart Home Market, Revenue Forecast 2018-2025 (USD Million)
  • Figure 50: RoW Smart Home Market, By Application, Revenue Forecast 2018-2025 (USD Million)
  • Figure 51: Porter's Five Forces Analysis
  • Figure 52: Siemens AG Business Segments
  • Figure 53: Siemens AG Revenue and Growth Rate (%), FY13-16
  • Figure 54: Siemens AG Revenue % Breakdown by Business Segment, FY14-16
  • Figure 55: Siemens AG Revenue % Breakdown by Geography, FY16
  • Figure 56: General Electric Company Business Segments
  • Figure 57: General Electric Company Revenue and Growth Rate (%), FY13-16
  • Figure 58: General Electric Company Revenue % Breakdown by Business Segment, FY14-16
  • Figure 59: General Electric Company Revenue % Breakdown by Geography, FY16
  • Figure 60: Schneider Electric SE Business Segments
  • Figure 61: Schneider Electric SE Revenue and Growth Rate (%), FY13-16
  • Figure 62: Schneider Electric SE Revenue % Breakdown by Business Segment, FY14-16
  • Figure 63: Schneider Electric SE Revenue % Breakdown by Geography, FY16
  • Figure 64: Honeywell International Inc Business Segments
  • Figure 65: Honeywell International Inc. Revenue and Growth Rate (%), FY13-16
  • Figure 66: Honeywell International Inc. Revenue % Breakdown by Business Segment, FY14-16
  • Figure 67: Honeywell International Inc. Revenue % Breakdown by Geography, FY16
  • Figure 68: Ingersoll-Rand PLC Business Segments
  • Figure 69: Ingersoll-Rand PLC Revenue and Growth Rate (%), FY13-16
  • Figure 70: Ingersoll-Rand PLC Revenue % Breakdown by Business Segment, FY14-16
  • Figure 71: Ingersoll-Rand PLC Revenue % Breakdown by Geography, FY16
  • Figure 72: ABB Group Business Segments
  • Figure 73: ABB Group Revenue and Growth Rate (%), FY13-16
  • Figure 74: ABB Group Revenue % Breakdown by Business Segment, FY14-16
  • Figure 75: ABB Group Revenue % Breakdown by Geography, FY16
  • Figure 76: Legrand S.A. Business Segments
  • Figure 77: Legrand S.A. Revenue and Growth Rate (%), FY13-16
  • Figure 78: Legrand S.A. Revenue % Breakdown by Geography, FY16
  • Figure 79: Samsung Electronics Co., Ltd. Business Segments
  • Figure 80: Samsung Electronics Co., Ltd. Revenue and Growth Rate (%), FY13-16
  • Figure 81: Samsung Electronics Co., Ltd. Revenue % Breakdown by Business Segment, FY14-16
  • Figure 82: Samsung Electronics Co., Ltd. Revenue % Breakdown by Geography, FY16
  • Figure 83: Google , LLC Business Segments
  • Figure 84: Google, LLC Revenue and Growth Rate (%), FY 2015-17
  • Figure 85: Google, LLC Revenue % Breakdown by Business Segment, FY 2015-17
  • Figure 86: Google, LLC Revenue % Breakdown by Geography, FY 2017
  • Figure 87: Koninklijke Philips N.V Business Segments
  • Figure 88: Koninklijke Philips N.V. Revenue and Growth Rate (%), FY 2015-17
  • Figure 89: Koninklijke Philips N.V. Revenue % Breakdown by Business Segment, FY 2015-17
  • Figure 90: Koninklijke Philips N.V. Revenue % Breakdown by Geography, FY 2017

List of Table

  • Table 1: Lighting Control Devices
  • Table 2: Security and Access Control Devices and Services
  • Table 3: HVAC Control Devices
  • Table 4: Home Healthcare Devices
  • Table 5: Home Appliances
  • Table 6: Entertainment & Other Controls Products
  • Table 7: Siemens AG Recent Developments
  • Table 8: General Electric Company Recent Developments
  • Table 9: Schneider Electric SE Recent Developments
  • Table 10: Honeywell International Inc. Recent Developments
  • Table 11: Ingersoll-Rand PLC Recent Developments
  • Table 12: ABB Group Recent Developments
  • Table 13: Legrand S.A. Recent Developments
  • Table 14: Samsung Electronics Co., Ltd. Recent Developments
  • Table 15: Google , LLC Recent Developments
  • Table 16: Koninklijke Philips N.V. Recent Developments
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