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Market Research Report

Smart Homes

Published by Global Industry Analysts, Inc. Product code 941256
Published Content info 113 Pages
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Smart Homes
Published: July 1, 2020 Content info: 113 Pages
Description

Global Smart Homes Market to Reach $181.9 Billion by 2027

Amid the COVID-19 crisis, the global market for Smart Homes estimated at US$72.8 Billion in the year 2020, is projected to reach a revised size of US$181.9 Billion by 2027, growing at a CAGR of 14% over the analysis period 2020-2027. Lighting Control, one of the segments analyzed in the report, is projected to record a 13.7% CAGR and reach US$55.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Security and Access Control segment is readjusted to a revised 14.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $21.5 Billion, While China is Forecast to Grow at 13.5% CAGR

The Smart Homes market in the U.S. is estimated at US$21.5 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$31.7 Billion by the year 2027 trailing a CAGR of 13.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.3% and 12% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10.3% CAGR.

HVAC Control Segment to Record 14.2% CAGR

In the global HVAC Control segment, USA, Canada, Japan, China and Europe will drive the 14% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$17.3 Billion in the year 2020 will reach a projected size of US$43.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$21.7 Billion by the year 2027.We bring years of research experience to this 9th edition of our report. The 113-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,

  • Cisco Systems, Inc.
  • Control4 Corporation
  • Cortexa Automation, LLC
  • Crestron Electronics, Inc.
  • Emersion Electric Co.
  • FortrezZ
  • Guardian Protection Services, Inc.
  • Home Automated Living, Inc.
  • Honeywell International, Inc.
  • Lutron Electronics Co., Inc.
  • Monster, Inc.
  • Savant Systems LLC
  • Simply Automated Incorporated
  • Smarthome, Inc.
  • United Technologies Corporation (UTC)
  • Universal Devices, Inc.
  • Vivint, Inc.
Table of Contents
Product Code: MCP14821

TABLE OF CONTENTS

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Global Competitor Market Shares
  • Smart Homes Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

  • TABLE 1: Smart Homes Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
  • TABLE 2: Smart Homes Market Share Shift across Key Geographies Worldwide: 2020 VS 2027
  • TABLE 3: Lighting Control (Application) Global Opportunity Assessment in US$ Million by Region/Country: 2020-2027
  • TABLE 4: Lighting Control (Application) Percentage Share Breakdown of Global Sales by Region/Country: 2020 VS 2027
  • TABLE 5: Security and Access Control (Application) Worldwide Sales in US$ Million by Region/Country: 2020-2027
  • TABLE 6: Security and Access Control (Application) Market Share Shift across Key Geographies: 2020 VS 2027
  • TABLE 7: HVAC Control (Application) Global Market Estimates & Forecasts in US$ Million by Region/Country: 2020-2027
  • TABLE 8: HVAC Control (Application) Market Share Breakdown by Region/Country: 2020 VS 2027
  • TABLE 9: Entertainment Control (Application) Demand Potential Worldwide in US$ Million by Region/Country: 2020-2027
  • TABLE 10: Entertainment Control (Application) Share Breakdown Review by Region/Country: 2020 VS 2027

III. MARKET ANALYSIS

  • GEOGRAPHIC MARKET ANALYSIS
  • UNITED STATES
    • Market Facts & Figures
    • US Smart Homes Market Share (in %) by Company: 2019 & 2025
    • Market Analytics
    • TABLE 11: United States Smart Homes Latent Demand Forecasts in US$ Million by Application: 2020 to 2027
    • TABLE 12: Smart Homes Market Share Breakdown in the United States by Application: 2020 VS 2027
  • CANADA
    • TABLE 13: Canadian Smart Homes Market Quantitative Demand Analysis in US$ Million by Application: 2020 to 2027
    • TABLE 14: Canadian Smart Homes Market Share Analysis by Application: 2020 VS 2027
  • JAPAN
    • TABLE 15: Japanese Demand Estimates and Forecasts for Smart Homes in US$ Million by Application: 2020 to 2027
    • TABLE 16: Smart Homes Market Share Shift in Japan by Application: 2020 VS 2027
  • CHINA
    • TABLE 17: Chinese Demand for Smart Homes in US$ Million by Application: 2020 to 2027
    • TABLE 18: Chinese Smart Homes Market Share Breakdown by Application: 2020 VS 2027
  • EUROPE
    • Market Facts & Figures
    • European Smart Homes Market: Competitor Market Share Scenario (in %) for 2019 & 2025
    • Market Analytics
    • TABLE 19: European Smart Homes Market Demand Scenario in US$ Million by Region/Country: 2018-2025
    • TABLE 20: European Smart Homes Market Share Shift by Region/Country: 2020 VS 2027
    • TABLE 21: European Smart Homes Addressable Market Opportunity in US$ Million by Application: 2020-2027
    • TABLE 22: European Smart Homes Market Share Analysis by Application: 2020 VS 2027
  • FRANCE
    • TABLE 23: Smart Homes Quantitative Demand Analysis in France in US$ Million by Application: 2020-2027
    • TABLE 24: French Smart Homes Market Share Analysis: A 7-Year Perspective by Application for 2020 and 2027
  • GERMANY
    • TABLE 25: Smart Homes Market in Germany: Annual Sales Estimates and Forecasts in US$ Million by Application for the Period 2020-2027
    • TABLE 26: Smart Homes Market Share Distribution in Germany by Application: 2020 VS 2027
  • ITALY
    • TABLE 27: Italian Demand for Smart Homes in US$ Million by Application: 2020 to 2027
    • TABLE 28: Italian Smart Homes Market Share Breakdown by Application: 2020 VS 2027
  • UNITED KINGDOM
    • TABLE 29: United Kingdom Demand Estimates and Forecasts for Smart Homes in US$ Million by Application: 2020 to 2027
    • TABLE 30: Smart Homes Market Share Shift in the United Kingdom by Application: 2020 VS 2027
  • REST OF EUROPE
    • TABLE 31: Rest of Europe Smart Homes Addressable Market Opportunity in US$ Million by Application: 2020-2027
    • TABLE 32: Rest of Europe Smart Homes Market Share Analysis by Application: 2020 VS 2027
  • ASIA-PACIFIC
    • TABLE 33: Smart Homes Quantitative Demand Analysis in Asia-Pacific in US$ Million by Application: 2020-2027
    • TABLE 34: Asia-Pacific Smart Homes Market Share Analysis: A 7-Year Perspective by Application for 2020 and 2027
  • REST OF WORLD
    • TABLE 35: Rest of World Smart Homes Market Quantitative Demand Analysis in US$ Million by Application: 2020 to 2027
    • TABLE 36: Rest of World Smart Homes Market Share Analysis by Application: 2020 VS 2027

IV. COMPETITION

  • Total Companies Profiled: 43
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