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Market Research Report

Smart Homes Market (Application - Lighting Control, Security and Access Control, HVAC Control, and Entertainment Control) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Published by Transparency Market Research Product code 503258
Published Content info 99 Pages
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Smart Homes Market (Application - Lighting Control, Security and Access Control, HVAC Control, and Entertainment Control) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025
Published: April 25, 2017 Content info: 99 Pages
Description

Global Smart Home Market: Overview

Smart homes are the residences that are equipped with information and computing technology devices that anticipates and responds to the requirement of the owner in an effective and efficient manner. Smart homes involves automation and control of Heating, Ventilation, Air Conditioning and Security system (HVAC), lighting and home appliances like refrigerators, ovens and dryers. The smart home devices use Wi-Fi for monitoring remotely and are a part of Internet of Things (IoTs). Modern systems comprises sensors and switches connected to a central hub sometimes known as gateway from which systems are controlled with a user interface that is interrelated with a mobile phone software, web interface, or a wall mounted terminal. Further, smart homes use fingerprint identification or key cards in place of conventional locks, making the homes more secure. Smart homes market is fragmented market with various medium and small companies present in the market. Moreover, there are very few worldwide accepted industry standards in this market. Widespread communications protocol for products embraces Ethernet, X10, 6LoWPAN, RS-485, ZigBee Bluetooth LE (BLE) and Z-Wave, or other proprietary protocols that are incompatible with each other.

Global Smart Home Market: Trends and Opportunities

Increasing mobility is one of the emerging trends in the global smart home market during the forecast period. In the modern era, mobility is one of the important factors that allow people to be connected with their devices at home. Since all the devices are connected to a smart phone or tablet, no matter which corner of the house a person may be, can control everything via their smartphones thus, enhancing the mobility.

Increasing consumer acceptance is an important factor bolstering the demand of smart homes in the global market. Customers have identified the security, value and energy-efficient solutions offered by smart homes. The ease of monitoring, managing and controlling devices and home appliances at any time, from any place are boosting the customers' acceptance of smart homes. The advent of the Internet of Things (IoT), technologies such as wearable's, near field communications, Wi-Fi, smartphones, Bluetooth and ZigBee protocols, have additionally amplified the demand for smart home solutions.

Advancement in Internet of Things is also one of the major factors driving the smart home market worldwide. Increasing drops in the price of processors and sensors and higher networking capabilities alongside extensive Wi-Fi access have allowed extensive growth of Internet of Things. All the devices used in smart homes are now operates through internet of things. Since the IoTs excels a simple tech market and is likely to be applied in every field, thereby, allowing huge improvement of productivity and quality.

However, issues pertaining to privacy and security breach are restraining the growth of the smart home market during the forecast period. With the increasing demand of smart home devices, security and privacy breach is also increasing. Since the devices are connected to Internet of Things, there are chances that these devices likely be hacked or breached and exploited. Network security vulnerabilities from these devices is a major concern for the consumers or users. Another major issue with the smart home devices is the default passwords that the consumers use. Majority of the population does not change the default passwords of their devices that are easily hacked.

In addition, majority of the IoT devices are not deliberated with strict protection ability, therefore, they are vulnerable to attack.

Global Smart Home Market: Segmentation

The global Smart Home market is segmented on the basis of application and geography. Based on application, the smart home market is bifurcated into lighting control, security and access control, HVAC control, entertainment control and others. The HVAC control segment accounted for the highest market revenue share in 2016 and is expected to remain the same during the forecast period. Need for energy efficient devices and concern for optimizing the use of energy are the factors bolstering the demand of HVAC control system in the global smart home market during the forecast period.

By geography, the global Smart Home market has been bifurcated into five regions that include North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. In 2016, the North America smart home market accounted for the highest market revenue share followed by Europe and Asia Pacific. Increasing demand of home healthcare is boosting the demand of smart home market in North America.

Companies Mentioned in the Report

Some of the key players in the global smart home market include Honeywell International Inc., Siemens AG, Schneider Electric SE, ABB Ltd., Johnson Controls Inc., Emerson Electric Company, Samsung Electronics Co., Ltd., LG Electronics Inc., United Technologies Corporation and Crestron Electronics, Inc. among others. 

The segments covered in the global Smart Home market are as follows:

By Application

  • Lighting Control
  • Security and Access Control
  • HVAC Control
  • Entertainment Control
  • Others

By Geography

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • U.K.
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia Pacific
  • Middle East and Africa
    • South Africa
    • U.A.E.
    • Rest of MEA
  • Latin America
    • Brazil
    • Rest of Latin America
Table of Contents

Table of Contents

Chapter 1: Preface

  • 1.1. Report Scope & Market Segmentation
  • 1.2. Research Highlights

Chapter 2: Executive Summary

Chapter 3: Research Methodology

Chapter 4: Market Overview

  • 4.1. Product Overview
  • 4.2. Market Introduction
  • 4.3. Key Market Indicators

Chapter 5: Market Dynamics

  • 5.1. Market Dynamics
    • 5.1.1. Market Drivers
      • 5.1.1.1. Advancement in Internet of Things (IoTs)
      • 5.1.1.2. Rising demand for energy efficient solutions
      • 5.1.1.3. Increasing consumer acceptance
    • 5.1.2. Market Restraints
      • 5.1.2.1. Issues pertaining to privacy and security breach
    • 5.1.3. Market opportunities
      • 5.1.3.1. Power-Line Communication Technology acts as a major opportunities
  • 5.2. Global Smart Home market: Market attractiveness analysis, by Application
  • 5.3. Porters Five Force Analysis

Chapter 6: Global Smart Home Market by Application 2017-2025

  • 6.1. Introduction
  • 6.2. Global Smart Home Market Value Share Analysis, By Application
  • 6.3. Global Smart Home Market Forecast By Application
  • 6.4. Global Smart Home Market Analysis By Application

Chapter 7: Global Smart Home Market by Region 2017-2025

  • 7.1. Key Findings
  • 7.2. Global Smart Home Market Value Share Analysis, By Region
  • 7.3. Global Smart Home Market Analysis, By Region

Chapter 8: North America Smart Home Market Analysis, 2017-2025

  • 8.1. Key Findings
  • 8.2. North America Smart Home Market Analysis By Application
  • 8.3. North America Smart Home Market Analysis By Countries

Chapter 9: Europe Smart Home Market Analysis, 2017-2025

  • 9.1. Key Findings
  • 9.2. Europe Smart Home Market Analysis By Application
  • 9.3. Europe Smart Home Market Analysis By Countries

Chapter 10: Asia Pacific Smart Home Market Analysis, 2017-2025

  • 10.1. Key Findings
  • 10.2. Asia Pacific Smart Home Market Analysis By Application
  • 10.3. Asia Pacific Smart Home Market Analysis By Countries

Chapter 11: Middle East and Africa Smart Home Market Analysis, 2017-2025

  • 11.1. Key Findings
  • 11.2. Middle East and Africa Smart Home Market Analysis By Application
  • 11.3. Middle East and Africa Smart Home Market Analysis By Countries

Chapter 12: Latin America Smart Home Market Analysis, 2017-2025

  • 12.1. Key Findings
  • 12.2. Latin America Smart Home Market Analysis By Application
  • 12.3. Latin America Smart Home Market Analysis By Countries

Chapter 13: Company Profiles

  • 13.1. Honeywell International Inc.
    • 13.1.1. Company Details (HQ, Foundation Year, Employee Strength)
    • 13.1.2. Market Presence, By Segment and Geography
    • 13.1.3. Strategy and SWOT Analysis
    • 13.1.4. Revenue
  • 13.2. Siemens AG
    • 13.2.1. Company Details (HQ, Foundation Year, Employee Strength)
    • 13.2.2. Market Presence, By Segment and Geography
    • 13.2.3. Strategy and SWOT Analysis
    • 13.2.4. Revenue
  • 13.3. Schneider Electric SE
    • 13.3.1. Company Details (HQ, Foundation Year, Employee Strength)
    • 13.3.2. Market Presence, By Segment and Geography
    • 13.3.3. Strategy and SWOT Analysis
    • 13.3.4. Revenue
  • 13.4. ABB Ltd.
    • 13.4.1. Company Details (HQ, Foundation Year, Employee Strength)
    • 13.4.2. Market Presence, By Segment and Geography
    • 13.4.3. Strategy and SWOT Analysis
    • 13.4.4. Revenue
  • 13.5. Johnson Controls Inc.
    • 13.5.1. Company Details (HQ, Foundation Year, Employee Strength)
    • 13.5.2. Market Presence, By Segment and Geography
    • 13.5.3. Strategy and SWOT Analysis
    • 13.5.4. Revenue
  • 13.6. Emerson Electric Company
    • 13.6.1. Company Details (HQ, Foundation Year, Employee Strength)
    • 13.6.2. Market Presence, By Segment and Geography
    • 13.6.3. Strategy and SWOT Analysis
    • 13.6.4. Revenue
  • 13.7. Samsung Electronics Co., Ltd.
    • 13.7.1. Company Details (HQ, Foundation Year, Employee Strength)
    • 13.7.2. Market Presence, By Segment and Geography
    • 13.7.3. Strategy and SWOT Analysis
    • 13.7.4. Revenue
  • 13.8. LG Electronics Inc.
    • 13.8.1. Company Details (HQ, Foundation Year, Employee Strength)
    • 13.8.2. Market Presence, By Segment and Geography
    • 13.8.3. Strategy and SWOT Analysis
    • 13.8.4. Revenue
  • 13.9. United Technologies Corporation
    • 13.9.1. Company Details (HQ, Foundation Year, Employee Strength)
    • 13.9.2. Market Presence, By Segment and Geography
    • 13.9.3. Strategy and SWOT Analysis
    • 13.9.4. Revenue
  • 13.10. Crestron Electronics, Inc.
    • 13.10.1. Company Details (HQ, Foundation Year, Employee Strength)
    • 13.10.2. Market Presence, By Segment and Geography
    • 13.10.3. Strategy and SWOT Analysis
    • 13.10.4. Revenue

List of Tables

  • TABLE 1: Global Smart Home Market Size (USD Bn) Forecast, By Application, 2016 - 2025
  • TABLE 2: North America Smart Home Market Size (USD Bn) Forecast, By Countries, 2016 - 2025
  • TABLE 3: Europe Smart Home Market Size (USD Bn) Forecast, By Countries, 2016 - 2025
  • TABLE 4: Asia Pacific Smart Home Market Size (USD Bn) Forecast, By Countries, 2016 - 2025
  • TABLE 5: Middle East and Africa Smart Home Market Size (USD Bn) Forecast, By Countries, 2016 - 2025
  • TABLE 6: Latin America Smart Home Market Size (USD Bn) Forecast, By Countries, 2016 - 2025

List of Figures

  • FIG. 1: Report Scope
  • FIG. 2: Market Size, Indicative (USD Bn)
  • FIG. 3: Leading Market Segments, 2016 (USD Bn)
  • FIG. 4: Growth Trend, Leading Market Segments, 2016 - 2025
  • FIG. 5: Market Share, By Region, 2016 & 2025
  • FIG. 6: Global Smart Home Market Value Share Analysis By Application, 2016 & 2025
  • FIG. 7: Smart Home Market, Lighting Control, 2016 - 2025, USD Bn
  • FIG. 8: Smart Home Market, Security and Access Control, 2016 - 2025, USD Bn
  • FIG. 9: Smart Home Market, HVAC Control, 2016 - 2025, USD Bn
  • FIG. 10: Smart Home Market, Entertainment Control, 2016 - 2025, USD Bn
  • FIG. 11: Smart Home Market, Others, 2016 - 2025, USD Bn
  • FIG. 12: Global Smart Home Market Value Share Analysis By Region, 2016 & 2025
  • FIG. 13: North America Smart Home Market Value Share Analysis, 2016 - 2025 (USD Bn)
  • FIG. 14: Europe Smart Home Market Value Share Analysis, 2016 - 2025 (USD Bn)
  • FIG. 15: Asia Pacific Smart Home Market Value Share Analysis, 2016 - 2025 (USD Bn)
  • FIG. 16: Middle East and Africa Smart Home Market Value Share Analysis, 2016 - 2025 (USD Bn)
  • FIG. 17: Latin America Smart Home Market Value Share Analysis, 2016 - 2025 (USD Bn)
  • FIG. 18: North America Smart Home Market, Lighting Control, 2016 - 2025, USD Bn
  • FIG. 19: North America Smart Home Market, Security and Access Control, 2016 - 2025, USD Bn
  • FIG. 20: North America Smart Home Market, HVAC Control, 2016 - 2025, USD Bn
  • FIG. 21: North America Smart Home Market, Entertainment Control, 2016 - 2025, USD Bn
  • FIG. 22: North America Smart Home Market, Others, 2016 - 2025, USD Bn
  • FIG. 23: EuropeSmart Home Market, Lighting Control, 2016 - 2025, USD Bn
  • FIG. 24: EuropeSmart Home Market, Security and Access Control, 2016 - 2025, USD Bn
  • FIG. 25: EuropeSmart Home Market, HVAC Control, 2016 - 2025, USD Bn
  • FIG. 26: EuropeSmart Home Market, Entertainment Control, 2016 - 2025, USD Bn
  • FIG. 27: EuropeSmart Home Market, Others, 2016 - 2025, USD Bn
  • FIG. 28: Asia PacificSmart Home Market, Lighting Control, 2016 - 2025, USD Bn
  • FIG. 29: Asia PacificSmart Home Market, Security and Access Control, 2016 - 2025, USD Bn
  • FIG. 30: Asia PacificSmart Home Market, HVAC Control, 2016 - 2025, USD Bn
  • FIG. 31: Asia PacificSmart Home Market, Entertainment Control, 2016 - 2025, USD Bn
  • FIG. 32: Asia PacificSmart Home Market, Others, 2016 - 2025, USD Bn
  • FIG. 33: Middle East and AfricaSmart Home Market, Lighting Control, 2016 - 2025, USD Bn
  • FIG. 34: Middle East and AfricaSmart Home Market, Security and Access Control, 2016 - 2025, USD Bn
  • FIG. 35: Middle East and AfricaSmart Home Market, HVAC Control, 2016 - 2025, USD Bn
  • FIG. 36: Middle East and AfricaSmart Home Market, Entertainment Control, 2016 - 2025, USD Bn
  • FIG. 37: Middle East and AfricaSmart Home Market, Others, 2016 - 2025, USD Bn
  • FIG. 38: Latin America Smart Home Market, Lighting Control, 2016 - 2025, USD Bn
  • FIG. 39: Latin America Smart Home Market, Security and Access Control, 2016 - 2025, USD Bn
  • FIG. 40: Latin America Smart Home Market, HVAC Control, 2016 - 2025, USD Bn
  • FIG. 41: Latin America Smart Home Market, Entertainment Control, 2016 - 2025, USD Bn
  • FIG. 42: Latin America Smart Home Market, Others, 2016 - 2025, USD Bn
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