The global smart home market is expected to grow at a CAGR of 16.5% from 2019 to reach $144 billion by 2025.
A smart home is a suitable home system where appliances and devices can be remotely controlled from any internet-connected place in the world using a smartphone or any other networked devices.
Security & monitoring system segment is estimated to command the largest share of the global smart home market in 2019 and expected to witness high growth during the forecast period, mainly due to rising sense of security and safety for remote monitoring of domestic facilities among consumers across the globe.
An in-depth analysis of the geographical scenario of the market provides detailed qualitative and quantitative insights about the five regions including North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. In 2019, North America region is estimated to command the largest share of the global smart home market followed by Europe and Asia Pacific. The large share of this region is mainly attributed to its open-minded approach towards smart technologies and the presence of majority of established smart home players and start-ups.
4. Market Insights 4.1. Introduction 4.2. Market Dynamics 4.2.1. Drivers 188.8.131.52. Rising Sense of Home Safety and Security 184.108.40.206. Consistent Proliferation of Internet of Things (IoT) 220.127.116.11. Need for Attaining Better Energy Efficiency 4.2.2. Restraints 18.104.22.168. Consumer Hesitance in Technology Acceptance 22.214.171.124. High Cost of Procurement 4.2.3. Opportunities 126.96.36.199. Significant Growth Opportunities in Emerging Region of Asia-Pacific and Middle East & Africa 188.8.131.52. Complete Flexibility & Customization to Consumer 4.2.4. Challenges 184.108.40.206. Issues Associated with Data Privacy and Security 220.127.116.11. Compatibility Concerns with Old infrastructure 4.2.5. Trends 18.104.22.168. Acceptance of Partial Automation 22.214.171.124. Company Collaboration for Better Interconnectivity
5. Smart Home Market, by Product Type 5.1. Introduction 5.2. Product Type 5.2.1. Smart Lighting Systems 5.2.2. Smart Speakers 5.2.3. Smart HVAC Control 126.96.36.199. Smart thermostats 188.8.131.52. Smart Vents 184.108.40.206. Smart Air Conditioning 5.2.4. Security & Monitoring Systems 220.127.116.11. Security Cameras 18.104.22.168. Interface 22.214.171.124. Smart Locks & Access Control 5.2.5. Smart Entertainment Systems 5.2.6. Home Appliances 126.96.36.199. Smart Washing Machines 188.8.131.52. Smart Water Heaters 184.108.40.206. Robotic Vacuum Cleaners 5.2.7. Smart Kitchen Appliances 5.2.8. Smart Home Healthcare Systems 5.2.9. Smart Furniture 5.2.10. Smart Sofas and Recliners 5.2.11. Smart Tables & Desks
8. Competitive Landscape 8.1. New Product Launches 8.2. Mergers and Acquisitions 8.3. Partnerships, Agreements, & Collaborations 8.4. Expansion
9. Company Profiles (Business Overview, Financial Overview, Product Portfolio, Strategic Developments) 9.1. Google LLC 9.2. Apple Inc. 9.3. Siemens AG 9.4. Amazon Inc. 9.5. United Technologies Corporation 9.6. Samsung 9.7. Honeywell international Inc. 9.8. Johnson Controls international Plc 9.9. Schneider Electric SE 9.10. LG Electronics Inc. 9.11. Robert Bosch GmbH 9.12. ABB Ltd. 9.13. ASSA ABLOY AB 9.14. General Electric Company 9.15. Legrand S.A. 9.16. Sony Corporation