The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.
Smart Home Market in US 2021-2025: Segmentation
- Technology
- Application
- Home entertainment
- Smart appliances
- Energy management
- Lighting control and HVAC
- Safety and security system
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Smart Home Market in US 2021-2025: Vendor Analysis and Scope
To help businesses improve their market position, the smart home market in US provides a detailed analysis of around 25 vendors operating in the market. Some of these vendors include ABB Ltd., Allegion Plc, Alphabet Inc., Amazon.com Inc., Apple Inc., Honeywell International Inc., Johnson Controls International Plc, Panasonic Corp., Samsung Electronics Co. Ltd., and Schneider Electric SE.
The report also covers the following areas:
The growing consumer interest in home automation, the availability of a wide range of smart home products, and the rising need for energy conservation will offer immense growth opportunities. However, the increase in issues related to interoperability, privacy issues with respect to data, and challenges associated with media storage will hamper the market growth.
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Smart Home Market in US 2021-2025: Key Highlights
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist the smart home market in US growth during the next five years
- Estimation of the smart home market in US size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the smart home market in US
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of smart home market in US vendors
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Smart Home Market In US Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 17.71% |
Market growth 2021-2025 |
USD 15.23 billion |
Market structure |
Fragmented |
YoY growth (%) |
15.66 |
Regional analysis |
US |
Performing market contribution |
US at 100% |
Key consumer countries |
US |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
ABB Ltd., Allegion Plc, Alphabet Inc., Amazon.com Inc., Apple Inc., Honeywell International Inc., Johnson Controls International Plc, Panasonic Corp., Samsung Electronics Co. Ltd., and Schneider Electric SE |
Market Dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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