Smart Homes Market

Global Smart Homes Market Size, Trends & Analysis - Forecasts to 2028 By Product Type (Security & Access Controls, Lighting Control, Entertainment Devices, HVAC, Smart Furniture, and Other Products), By Protocol Type (Wireless Protocols, Wired Protocols, and Hybrid), By Application (New Construction and Retrofit), and By Region (North America, Asia Pacific, Central & South America, Europe, and Middle East and Africa), Competitive Landscape, Company Market Share Analysis, and End User Analysis

Category Electronics, Semiconductors and Information & Communication Technology
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This report was recently updated on April 5 2024 with the latest and most recent market numbers

Global Smart Homes Market Size

The global smart homes market is expected to grow at a CAGR of 11.3% from 2023 to 2028. The global smart homes market includes smart devices and systems that may be used to manage and automate various parts of a house, including lighting, heating, security, entertainment, and appliances. The market is extremely competitive and fragmented, with several competitors offering a various products and services. The market is characterized by fast innovation, with firms constantly launching new goods and features to match consumers' changing wants and tastes. The market is likely to expand further in the coming years, owing to increased smart device penetration, the development of new applications, growing technological advancement, and the increasing popularity of home automation and connected living.

Several key drivers are driving the global smart homes market growth, including increasing adoption of Internet of Things (IoT) technology, rising demand for energy-efficient and eco-friendly solutions, growing consumer awareness regarding the benefits of smart home technology, increasing availability of smart devices and systems, and technological advancements and innovation. Because of its capacity to link devices and enable them to connect, IoT technology is driving the growth of the smart homes industry. The smart home market is also growing on account of its energy-saving capabilities. Hence, the rising demand for energy-efficient and eco-friendly solutions will favour the market growth. Consumer’s growing understanding of the benefits of smart home technology is also increasing demand for these smart homes technologies. Due to their quick invention, technological developments and innovation are further fuelling the growth of the smart homes market.

Several restraints affect the global smart homes market growth, including the high cost of smart devices and systems, privacy and security concerns, interoperability challenges, insufficient consumer awareness and education, and a fragmented market. These constraints might make it difficult for customers, especially those on a low budget, to justify the expenditure of upgrading to smart home equipment. There are also rising concerns about privacy and security, interoperability challenges, a lack of customer knowledge and education, and a fragmented industry. These variables might make it difficult for customers to traverse the market and select the best products for their specific needs.

global smart homes market

Global Smart Homes Market: By Product Type

Based on the product type outlook, the security & access control segment will be the largest segment during the forecast period. Based on product type, the market is divided into security & access controls, lighting control, entertainment devices, HVAC, smart furniture and other products. The security & access control is the largest segment in the smart homes market due to its advanced features and capabilities, integration with other devices, and access control features. It is supported by a mature and well-established industry, making it easier for consumers to find and purchase security and access control systems.

Global Smart Homes Market: By Protocol Type

Based on protocol type, the market is segmented into wireless protocols, wired protocols and hybrid. The wireless protocols segment is expected to be the largest segment during the forecast period due to their advantages, such as wireless connectivity, flexibility and mobility, scalability, and cost-effectiveness. This makes them attractive to consumers looking for affordable smart home solutions.

Global Smart Homes Market: By Application

Based on application, the market is segmented into new construction and retrofit. The new construction segment is anticipated to be the largest segment during the forecast period. New construction homes offer advantages over retrofitting existing homes, such as greater integration and seamless control of smart devices and systems. They also have the infrastructure and wiring already in place, making installing and integrating smart devices and systems more accessible and cost-effective.

asia pacific smart homes market

Global Smart Homes Market: By Region

North America is analyzed to be the largest region in the global smart homes market over the forecast period. The region has a high level of technological adoption and innovation, which has driven demand for smart home technology. Additionally, the region has a strong and well-established infrastructure, including reliable high-speed internet and mobile networks. Additionally, the region has a large number of affluent consumers willing to invest in high-end smart home systems, creating a robust market for smart home technology. Finally, the region has a well-developed retail and e-commerce infrastructure, with many retailers and online marketplaces offering a wide range of smart home products and systems. This has enabled consumers to research and purchase smart home technology, further driving the growth of the market.

Asia Pacific is also analyzed to be the fastest growing region across the global smart homes market with a CAGR of over 13.5%. The APAC region has a rapidly growing population, rising urbanization, and an increasing number of households with higher disposable income, leading to a surge in demand for modern and technologically advanced homes. Government initiatives and policies drive the adoption of smart home technology, while tech-savvy consumers are increasingly aware of the benefits and willing to invest in these products. Additionally, the region is home to several leading manufacturers of smart home products, such as Samsung and LG, which drive innovation and technological advancements in the industry. Moreover, the availability of these products at affordable prices is making it easier for consumers in the region to adopt smart home technology.

Global Smart Homes Market Share and Competitor Analysis

The key players operating in the market are LG Electronics, Inc., Siemens AG, Amazon.com, Inc., Google LLC, Samsung Electronics Co., Ltd., Schneider Electric SE, Legrand S.A., Robert Bosch GmbH, Assa Abloy AB, Sony Group Corp. among others. The global smart homes market has observed several strategic alliances between companies to launch new products with added functionalities and maintain revenue share & profitability. Organic and inorganic growth strategies adopted by small players have been the highlight of this market.

Please note: This is not an exhaustive list of companies profiled in the report.

1          STRATEGIC INSIGHTS ON NEW REVENUE POCKETS

1.1    Strategic Opportunity & Attractiveness Analysis

1.1.1        Hot Revenue Pockets

1.1.2        Market Attractiveness Score

1.1.3        Revenue Impacting Opportunity

1.1.4        High Growing Region/Country

1.1.5        Competitor Analysis

1.1.6        Consumer Analysis

1.2    Global Market Estimates' View

1.3    Strategic Insights across Business Functions

1.3.1        For Chief Executive Officers

1.3.2        For Chief Marketing Officers

1.3.3        For Chief Strategy Officers

1.4    Evaluate the Potential of your Existing Business Lines vs. New Lines to Enter Into

2          TECHNOLOGICAL TRENDS

2.1   Technological Adoption Rate

2.2   Current Trend Impact Analysis

2.3   Future Trend Impact Analysis

2.4   Data Metrics on Feed Stocks

3          GLOBAL MARKET OUTLOOK

3.1   Market Pyramid Analysis

3.1.1        Introduction

3.1.2        Adjacent Market Opportunities

3.1.3        Ancillary Market Opportunities

3.2   Demand Side Analysis

3.2.1        Market Drivers: Impact Analysis

3.2.2        Market Restraints: Impact Analysis

3.2.3        Market Opportunities: Impact Analysis

3.2.4        Market Challenges: Impact Analysis

3.3   Supply Side Analysis

3.3.1        Porter’s Five Forces Analysis

3.3.1.1 Threat of New Entrants

3.3.1.2 Threat of New Substitutes

3.3.1.3 Bargaining Power of Suppliers

3.3.1.4 Bargaining Power of Buyers

3.3.1.5 Intensity of Competitive Rivalry

3.3.2        SWOT Analysis; By Factor (Political & Legal, Economic, and Technological)

3.3.2.1 Political Landscape

3.3.2.2 Economic Landscape

3.3.2.3 Social Landscape

3.3.2.4 Technology Landscape

3.3.3        Value Chain Analysis

3.3.4        Trend Analysis

3.3.5        Gap Analysis

3.3.6        Cost Analysis

4          GLOBAL SMART HOMES MARKET, BY PRODUCT TYPE

4.1   Introduction

4.2   Smart Homes Market: Product Type Scope Key Takeaways

4.3   Revenue Growth Analysis, 2022 & 2028

4.4   Security & Access Controls

4.4.1        Security & Access Controls Market Estimates and Forecast, 2020-2028 (USD Million)

4.5   Lighting Control

4.5.1        Lighting Control Market Estimates and Forecast, 2020-2028 (USD Million)

4.6   Entertainment Devices

4.7.1        Entertainment Devices Market Estimates and Forecast, 2020-2028 (USD Million)

4.7   Heating, Ventilation and Air-Conditioning (HVAC)

4.7.1           Heating, Ventilation and Air-Conditioning (HVAC) Market Estimates and Forecast, 2020-2028 (USD Million)

4.8   Other Products

4.8.1           Other Products Market Estimates and Forecast, 2020-2028 (USD Million)

5          GLOBAL SMART HOMES MARKET, BY APPLICATION TYPE

5.1   Introduction

5.2   Smart Homes Market: Application Type Scope Key Takeaways

5.3   Revenue Growth Analysis, 2022 & 2028

5.4   New Construction

5.4.1        New Construction Market Estimates and Forecast, 2020-2028 (USD Million)

5.5   Retrofit

5.5.1        Retrofit Market Estimates and Forecast, 2020-2028 (USD Million)

6          GLOBAL SMART HOMES MARKET, BY PROTOCOL TYPE

6.1   Introduction

6.2   Smart Homes Market: Protocol Type Scope Key Takeaways

6.3   Revenue Growth Analysis, 2022 & 2028

6.4   Wired Protocols

6.4.1        Wired Protocols Market Estimates and Forecast, 2020-2028 (USD Million)

6.5   Wireless Protocols

6.5.1        Wireless Protocols Market Estimates and Forecast, 2020-2028 (USD Million)

6.6   Hybrid Protocols

6.7.1        Hybrid Protocols Market Estimates and Forecast, 2020-2028 (USD Million)

7          GLOBAL SMART HOMES MARKET, BY REGION

7.1   Introduction

7.2   North America Smart Homes Market Estimates and Forecast, 2020-2028 (USD Million)

7.2.1        By Product Type

7.2.2        By Application Type

7.2.3        By Protocol Type

7.2.4        By Country

7.2.4.1     U.S. Smart Homes Market Estimates and Forecast, 2020-2028 (USD Million)

7.2.4.1.1        By Product Type

7.2.4.1.2        By Application Type

7.2.4.1.3        By Protocol Type

7.2.4.2     Canada Smart Homes Market Estimates and Forecast, 2020-2028 (USD Million)

7.2.4.2.1        By Product Type

7.2.4.2.2        By Application Type

7.2.4.2.3        By Protocol Type

7.2.4.3     Mexico Smart Homes Market Estimates and Forecast, 2020-2028 (USD Million)

7.2.4.3.1        By Product Type

7.2.4.3.2        By Application Type

7.2.4.3.3        By Protocol Type

7.3   Europe Smart Homes Market Estimates and Forecast, 2020-2028 (USD Million)

7.3.1        By Product Type

7.3.2        By Application Type

7.3.3        By Protocol Type

7.3.4        By Country

7.3.4.1     Germany Smart Homes Market Estimates and Forecast, 2020-2028 (USD Million)

7.3.4.1.1        By Product Type

7.3.4.1.2        By Application Type

7.3.4.1.3        By Protocol Type

7.3.4.2     U.K. Smart Homes Market Estimates and Forecast, 2020-2028 (USD Million)

7.3.4.2.1        By Product Type

7.3.4.2.2        By Application Type

7.3.4.2.3        By Protocol Type

7.3.4.3     France Smart Homes Market Estimates and Forecast, 2020-2028 (USD Million)

7.3.4.3.1        By Product Type

7.3.4.3.2        By Application Type

7.3.4.3.3        By Protocol Type

7.3.4.4     Italy Smart Homes Market Estimates and Forecast, 2020-2028 (USD Million)

7.3.4.4.1        By Product Type

7.3.4.4.2        By Application Type

7.2.4.4.3        By Protocol Type

7.3.4.5     Spain Smart Homes Market Estimates and Forecast, 2020-2028 (USD Million)

7.3.4.5.1        By Product Type

7.3.4.5.2        By Application Type

7.2.4.5.3        By Protocol Type

7.3.4.6     Netherlands Smart Homes Market Estimates and Forecast, 2020-2028 (USD Million)

7.3.4.7.1        By Product Type

7.3.4.7.2        By Application Type

7.2.4.7.3        By Protocol Type

7.3.4.7     Rest of Europe Smart Homes Market Estimates and Forecast, 2020-2028 (USD Million)

7.3.4.7.1        By Product Type

7.3.4.7.2        By Application Type

7.2.4.7.3        By Protocol Type

7.4   Asia Pacific Smart Homes Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.1        By Product Type

7.4.2        By Application Type

7.4.3        By Protocol Type

7.4.4        By Country

7.4.4.1     China Smart Homes Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.4.1.1        By Product Type

7.4.4.1.2        By Application Type

7.4.4.1.3        By Protocol Type

7.4.4.2     Japan Smart Homes Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.4.2.1        By Product Type

7.4.4.2.2        By Application Type

7.4.4.2.3        By Protocol Type

7.4.4.3     India Smart Homes Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.4.3.1        By Product Type

7.4.4.3.2        By Application Type

7.4.4.3.3        By Protocol Type

7.4.4.4     South Korea Smart Homes Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.4.4.1        By Product Type

7.4.4.4.2        By Application Type

7.4.4.4.3        By Protocol Type

7.4.4.5     Singapore Smart Homes Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.4.5.1        By Product Type

7.4.4.5.2        By Application Type

7.4.4.5.3        By Protocol Type

7.4.4.6     Malaysia Smart Homes Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.4.7.1        By Product Type

7.4.4.7.2        By Application Type

7.4.4.7.3        By Protocol Type

7.4.4.7     Thailand Smart Homes Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.4.7.1        By Product Type

7.4.4.7.2        By Application Type

7.4.4.7.3        By Protocol Type

7.4.4.8     Indonesia Smart Homes Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.4.8.1        By Product Type

7.4.4.8.2        By Application Type

7.4.4.8.3        By Protocol Type

7.4.4.9     Vietnam Smart Homes Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.4.9.1        By Product Type

7.4.4.9.2        By Application Type

7.4.4.9.3        By Protocol Type

7.4.4.10  Taiwan Smart Homes Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.4.10.1 By Product Type

7.4.4.10.2 By Application Type

7.4.4.10.3 By Protocol Type

7.4.4.11  Rest of Asia Pacific Smart Homes Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.4.11.1 By Product Type

7.4.4.11.2 By Application Type

7.4.4.11.3 By Protocol Type

7.5   Middle East and Africa Smart Homes Market Estimates and Forecast, 2020-2028 (USD Million)

7.5.1        By Product Type

7.5.2        By Application Type

7.5.3        By Protocol Type

7.5.4        By Country

7.5.4.1     Saudi Arabia Smart Homes Market Estimates and Forecast, 2020-2028 (USD Million)

7.5.4.1.1        By Product Type

7.5.4.1.2        By Application Type

7.5.4.1.3        By Protocol Type

7.5.4.2     U.A.E. Smart Homes Market Estimates and Forecast, 2020-2028 (USD Million)

7.5.4.2.1        By Product Type

7.5.4.2.2        By Application Type

7.5.4.2.3        By Protocol Type

7.5.4.3     Israel Smart Homes Market Estimates and Forecast, 2020-2028 (USD Million)

7.5.4.3.1        By Product Type

7.5.4.3.2        By Application Type

7.5.4.3.3        By Protocol Type

7.5.4.4     South Africa Smart Homes Market Estimates and Forecast, 2020-2028 (USD Million)

7.5.4.4.1        By Product Type

7.5.4.4.2        By Application Type

7.5.4.4.3        By Protocol Type

7.5.4.5     Rest of Middle East and Africa Smart Homes Market Estimates and Forecast, 2020-2028 (USD Million)

7.5.4.5.1        By Product Type

7.5.4.5.2        By Application Type

7.5.4.5.2        By Protocol Type

7.6   Central & South America Smart Homes Market Estimates and Forecast, 2020-2028 (USD Million)

7.7.1        By Product Type

7.7.2        By Application Type

7.7.3        By Protocol Type

7.7.4        By Country

7.7.4.1     Brazil Smart Homes Market Estimates and Forecast, 2020-2028 (USD Million)

7.7.4.1.1        By Product Type

7.7.4.1.2        By Application Type

7.7.4.1.3        By Protocol Type

7.7.4.2     Argentina Smart Homes Market Estimates and Forecast, 2020-2028 (USD Million)

7.7.4.2.1        By Product Type

7.7.4.2.2        By Application Type

7.7.4.2.3        By Protocol Type

7.7.4.3     Chile Smart Homes Market Estimates and Forecast, 2020-2028 (USD Million)

7.7.4.3.1        By Product Type

7.7.4.3.2        By Application Type

7.7.4.3.3        By Protocol Type

7.7.4.4     Rest of Central & South America Smart Homes Market Estimates and Forecast, 2020-2028 (USD Million)

7.7.4.4.1        By Product Type

7.7.4.4.2        By Application Type

7.7.4.4.3        By Protocol Type

8          COMPETITIVE LANDCAPE

8.1   Company Market Share Analysis

8.2   Four Quadrant Positioning Matrix

8.2.1        Market Leaders

8.2.2        Market Visionaries

8.2.3        Market Challengers

8.2.4        Niche Market Players

8.3   Vendor Landscape

8.3.1        North America

8.3.2        Europe

8.3.3        Asia Pacific

8.3.4        Rest of the World

8.4   Company Profiles  

8.4.1        LG Electronics

8.4.1.1 Business Description & Financial Analysis

8.4.1.2 SWOT Analysis

8.4.1.3 Products & Services Offered

8.4.1.4 Strategic Alliances between Business Partners

 

 

8.4.2        Assa Abloy

8.4.2.1 Business Description & Financial Analysis

8.4.2.2 SWOT Analysis

8.4.2.3 Products & Services Offered

8.4.2.4 Strategic Alliances between Business Partners

8.4.3        Siemens AG

8.4.3.1 Business Description & Financial Analysis

8.4.3.2 SWOT Analysis

8.4.3.3 Products & Services Offered

8.4.3.4 Strategic Alliances between Business Partners

8.4.4        Google LLC

8.4.4.1 Business Description & Financial Analysis

8.4.4.2 SWOT Analysis

8.4.4.3 Products & Services Offered

8.4.4.4 Strategic Alliances between Business Partners

8.4.5        Amazon Inc.

8.4.5.1 Business Description & Financial Analysis

8.4.5.2 SWOT Analysis

8.4.5.3 Products & Services Offered

8.4.5.4 Strategic Alliances between Business Partners

8.4.6        Samsung Electronics Co. Ltd.i

8.4.7.1 Business Description & Financial Analysis

8.4.7.2 SWOT Analysis

8.4.7.3 Products & Services Offered

8.4.7.4 Strategic Alliances between Business Partners

8.4.7        Schneider Electric SE  

8.4.7.1 Business Description & Financial Analysis

8.4.7.2 SWOT Analysis

8.4.7.3 Products & Services Offered

8.4.8.4 Strategic Alliances between Business Partners

 

 

8.4.8        Legrand SA

8.4.8.1 Business Description & Financial Analysis

8.4.8.2 SWOT Analysis

8.4.8.3 Products & Services Offered

8.4.8.4 Strategic Alliances between Business Partners

8.4.9        Sony Group Corp.

8.4.9.1 Business Description & Financial Analysis

8.4.9.2 SWOT Analysis

8.4.9.3 Products & Services Offered

8.4.9.4 Strategic Alliances between Business Partners

8.4.10      Other Companies

8.4.10.1 Business Description & Financial Analysis

8.4.10.2 SWOT Analysis

8.4.10.3 Products & Services Offered

8.4.10.4 Strategic Alliances between Business Partners

9          RESEARCH METHODOLOGY

9.1   Market Introduction

9.1.1        Market Definition

9.1.2        Market Scope & SegLighting Controltation

9.2   Information ProcureLighting Controlt

9.2.1        Secondary Research

9.2.1.1 Purchased Databases

9.2.1.2 GMEs Internal Data Repository

9.2.1.3 Secondary Resources & Third Party Perspectives

9.2.1.4 Company Information Sources

9.2.2        Primary Research

9.2.2.1 Various Types of Respondents for Primary Interviews

9.2.2.2 Number of Interviews Conducted throughout the Research Process

9.2.2.3 Primary Stakeholders

9.2.2.4 Discussion Guide for Primary Participants

9.2.3        Expert Panels

9.2.3.1 Expert Panels Across 30+ Industry

9.2.4        Paid Local Experts

9.2.4.1 Paid Local Experts Across 30+ Industry Across each Region

9.3   Market Estimation

9.3.1        Top-Down Approach

9.3.1.1 Macro-Economic Indicators Considered

9.3.1.2 Micro-Economic Indicators Considered

9.3.2        Bottom Up Approach

9.3.2.1 Company Share Analysis Approach

9.3.2.2 Estimation of Potential Product Sales

9.4   Data Triangulation

9.4.1        Data Collection

9.4.2        Time Series, Cross Sectional & Panel Data Analysis

9.4.3        Cluster Analysis

9.5   Analysis and Output

9.5.1        Inhouse AI Based Real Time Analytics Tool

9.5.2        Output From Desk & Primary Research

9.6   Research Assumptions & Limitations

9.7.1        Research Assumptions

9.7.2        Research Limitations

LIST OF TABLES

1 Global Smart Homes Market, By Product Type, 2020-2028(USD Mllion)

2 Security & Access Controls Market, By Region, 2020-2028(USD Mllion) 

3 Lighting Control Market, By Region, 2020-2028(USD Mllion)          

4 Entertainment Devices Market, By Region, 2020-2028(USD Mllion)

5 SMART FURNITURE Market, By Region, 2020-2028(USD Mllion)          

6 Heating, Ventilation and Air-Conditioning (HVAC) Market, By Region, 2020-2028(USD Mllion)

7 Other Products Market, By Region, 2020-2028(USD Mllion)

8 Global Smart Homes Market, By Application Type, 2020-2028(USD Mllion)

9 New Construction Market, By Region, 2020-2028(USD Mllion)      

10 Retrofit Market, By Region, 2020-2028(USD Mllion)

11 Global Smart Homes Market, By Protocol Type, 2020-2028(USD Mllion)

12 Wired Protocols Market, By Region, 2020-2028(USD Mllion)         

13 Wireless Protocols Market, By Region, 2020-2028(USD Mllion)  

14 Hybrid Protocols Market, By Region, 2020-2028(USD Mllion)        

15 Regional Analysis, 2020-2028(USD Mllion) 

16 North America Smart Homes Market, By Product Type, 2020-2028 (USD Million)

17 North America Smart Homes Market, By Application Type, 2020-2028 (USD Million)

18 North America Smart Homes Market, By Protocol Type, 2020-2028 (USD Million)

19 North America Smart Homes Market, By Country, 2020-2028 (USD Million)

20 U.S Smart Homes Market, By Product Type, 2020-2028 (USD Million)

21 U.S Smart Homes Market, By Application Type, 2020-2028 (USD Million)

22 U.S Smart Homes Market, By Protocol Type, 2020-2028 (USD Million)

23 Canada Smart Homes Market, By Product Type, 2020-2028 (USD Million)

24 Canada Smart Homes Market, By Application Type, 2020-2028 (USD Million)

25 Canada Smart Homes Market, By Protocol Type, 2020-2028 (USD Million)

26 Mexico Smart Homes Market, By Product Type, 2020-2028 (USD Million)

27 Mexico Smart Homes Market, By Application Type, 2020-2028 (USD Million)

28 Mexico Smart Homes Market, By Protocol Type, 2020-2028 (USD Million)

29 Europe Smart Homes Market, By Product Type, 2020-2028 (USD Million)

30 Europe Smart Homes Market, By Application Type, 2020-2028 (USD Million)

31 Europe Smart Homes Market, By Protocol Type, 2020-2028 (USD Million)

32 Germany Smart Homes Market, By Product Type, 2020-2028 (USD Million)

33 Germany Smart Homes Market, By Application Type, 2020-2028 (USD Million)

34 Germany Smart Homes Market, By Protocol Type, 2020-2028 (USD Million)

35 UK Smart Homes Market, By Product Type, 2020-2028 (USD Million)

36 UK Smart Homes Market, By Application Type, 2020-2028 (USD Million)

37 UK Smart Homes Market, By Protocol Type, 2020-2028 (USD Million)

38 France Smart Homes Market, By Product Type, 2020-2028 (USD Million)

39 France Smart Homes Market, By Application Type, 2020-2028 (USD Million)

40 France Smart Homes Market, By Protocol Type, 2020-2028 (USD Million)

41 Italy Smart Homes Market, By Product Type, 2020-2028 (USD Million)

42 Italy Smart Homes Market, By T Application Type Type, 2020-2028 (USD Million)

43 Italy Smart Homes Market, By Protocol Type, 2020-2028 (USD Million)

44 Spain Smart Homes Market, By Product Type, 2020-2028 (USD Million)

45 Spain Smart Homes Market, By Application Type, 2020-2028 (USD Million)

46 Spain Smart Homes Market, By Protocol Type, 2020-2028 (USD Million)

47 Rest Of Europe Smart Homes Market, By Product Type, 2020-2028 (USD Million)

48 Rest Of Europe Smart Homes Market, By Application Type, 2020-2028 (USD Million)

49 Rest of Europe Smart Homes Market, By Protocol Type, 2020-2028 (USD Million)

50 Asia Pacific Smart Homes Market, By Product Type, 2020-2028 (USD Million)

51 Asia Pacific Smart Homes Market, By Application Type, 2020-2028 (USD Million)

52 Asia Pacific Smart Homes Market, By Protocol Type, 2020-2028 (USD Million)

53 Asia Pacific Smart Homes Market, By Country, 2020-2028 (USD Million)

54 China Smart Homes Market, By Product Type, 2020-2028 (USD Million)

55 China Smart Homes Market, By Application Type, 2020-2028 (USD Million)

56 China Smart Homes Market, By Protocol Type, 2020-2028 (USD Million)

57 India Smart Homes Market, By Product Type, 2020-2028 (USD Million)

58 India Smart Homes Market, By Application Type, 2020-2028 (USD Million)

59 India Smart Homes Market, By Protocol Type, 2020-2028 (USD Million)

60 Japan Smart Homes Market, By Product Type, 2020-2028 (USD Million)

61 Japan Smart Homes Market, By Application Type, 2020-2028 (USD Million)

62 Japan Smart Homes Market, By Protocol Type, 2020-2028 (USD Million)

63 South Korea Smart Homes Market, By Product Type, 2020-2028 (USD Million)

64 South Korea Smart Homes Market, By Application Type, 2020-2028 (USD Million)

65 South Korea Smart Homes Market, By Protocol Type, 2020-2028 (USD Million)

66 Middle East and Africa Smart Homes Market, By Product Type, 2020-2028 (USD Million)

67 Middle East and Africa Smart Homes Market, By Application Type, 2020-2028 (USD Million)

68 Middle East and Africa Smart Homes Market, By Protocol Type, 2020-2028 (USD Million)

69 Middle East and Africa Smart Homes Market, By Country, 2020-2028 (USD Million)

70 Saudi Arabia Smart Homes Market, By Product Type, 2020-2028 (USD Million)

71 Saudi Arabia Smart Homes Market, By Application Type, 2020-2028 (USD Million)

72 Saudi Arabia Smart Homes Market, By Protocol Type, 2020-2028 (USD Million)

73 UAE Smart Homes Market, By Product Type, 2020-2028 (USD Million)

74 UAE Smart Homes Market, By Application Type, 2020-2028 (USD Million)

75 UAE Smart Homes Market, By Protocol Type, 2020-2028 (USD Million)

76 Central & South America Smart Homes Market, By Product Type, 2020-2028 (USD Million)

77 Central & South America Smart Homes Market, By Application Type, 2020-2028 (USD Million)

78 Central & South America Smart Homes Market, By Protocol Type, 2020-2028 (USD Million)

79 Central & South America Smart Homes Market, By Country, 2020-2028 (USD Million)

80 Brazil Smart Homes Market, By Product Type, 2020-2028 (USD Million)

81 Brazil Smart Homes Market, By Application Type, 2020-2028 (USD Million)

82 Brazil Smart Homes Market, By Protocol Type, 2020-2028 (USD Million)

83 LG Electronics: Products & Services Offering

84 Assa Abloy: Products & Services Offering

85 Siemens AG: Products & Services Offering

86 Google LLC: Products & Services Offering

87 Amazon Inc.: Products & Services Offering              

88 SAMSUNG ELECTRONICS CO. LTD.I: Products & Services Offering     

89 Schneider Electric SE : Products & Services Offering      

90 Legrand SA: Products & Services Offering

91 Sony Group Corp., Inc: Products & Services Offering        

92 Other Companies: Products & Services Offering  

LIST OF FIGURES

1 Global Smart Homes Market Overview

2 Global Smart Homes Market Value From 2020-2028(USD Mllion)

3 Global Smart Homes Market Share, By Product Type (2022)

4 Global Smart Homes Market Share, By Application Type (2022)

5 Global Smart Homes Market Share, By Protocol Type (2022)

6 Global Smart Homes Market, By Region (Asia Pacific Market)

7 Technological Trends In Global Smart Homes Market

8 Four Quadrant Competitor Positioning Matrix

9 Impact Of Macro & Micro Indicators On The Market

10 Impact Of Key Drivers On The Global Smart Homes Market

11 Impact Of Challenges On The Global Smart Homes Market

12 Porter’s Five Forces Analysis

13 Global Smart Homes Market: By Product Type Scope Key Takeaways

14 Global Smart Homes Market, By Product Type Segment: Revenue Growth Analysis

15 Security & Access Controls Market, By Region, 2020-2028(USD Mllion)

16 Lighting Control Market, By Region, 2020-2028(USD Mllion)

17 Entertainment Devices Market, By Region, 2020-2028(USD Mllion)

18 Heating, Ventilation and Air-Conditioning (HVAC) Market, By Region, 2020-2028(USD Mllion)

19 Other Products Market, By Region, 2020-2028(USD Mllion)  

20 Global Smart Homes Market: By Application Type Scope Key Takeaways

21 Global Smart Homes Market, By Application Type Segment: Revenue Growth Analysis

22 New Construction Market, By Region, 2020-2028(USD Mllion)         

23 Retrofit Market, By Region, 2020-2028(USD Mllion)

24 Global Smart Homes Market: By Protocol Type Scope Key Takeaways

25 Global Smart Homes Market, By Protocol Type Segment: Revenue Growth Analysis

26 Wired Protocols Market, By Region, 2020-2028(USD Mllion)

27 Wireless Protocols Market, By Region, 2020-2028(USD Mllion)

28 Hybrid Protocols Market, By Region, 2020-2028(USD Mllion)

29 Regional Segment: Revenue Growth Analysis

30 Global Smart Homes Market: Regional Analysis

31 North America Smart Homes Market Overview

32 North America Smart Homes Market, By Product Type

33 North America Smart Homes Market, By Application Type

34 North America Smart Homes Market, By Protocol Type

35 North America Smart Homes Market, By Country

36 U.S. Smart Homes Market, By Product Type

37 U.S. Smart Homes Market, By Application Type

38 U.S. Smart Homes Market, By Protocol Type

39 Canada Smart Homes Market, By Product Type

40 Canada Smart Homes Market, By Application Type

41 Canada Smart Homes Market, By Protocol Type

42 Mexico Smart Homes Market, By Product Type

43 Mexico Smart Homes Market, By Application Type

44 Mexico Smart Homes Market, By Protocol Type

45 Four Quadrant Positioning Matrix

46 Company Market Share Analysis

47 LG Electronics: Company Snapshot

48 LG Electronics: SWOT Analysis

49 LG Electronics: Geographic Presence

50 Assa Abloy: Company Snapshot

51 Assa Abloy: SWOT Analysis

52 Assa Abloy: Geographic Presence

53 Siemens AG: Company Snapshot

54 Siemens AG: SWOT Analysis

55 Siemens AG: Geographic Presence

56 Google LLC: Company Snapshot

57 Google LLC: Swot Analysis

58 Google LLC: Geographic Presence

59 Amazon Inc.: Company Snapshot

60 Amazon Inc.: SWOT Analysis

61 Amazon Inc.: Geographic Presence

62 Samsung Electronics Co. Ltd.i: Company Snapshot

63 Samsung Electronics Co. Ltd.i: SWOT Analysis

64 Samsung Electronics Co. Ltd.i: Geographic Presence

65 Schneider Electric SE : Company Snapshot

66 Schneider Electric SE : SWOT Analysis

67 Schneider Electric SE : Geographic Presence

68 Legrand SA: Company Snapshot

69 Legrand SA: SWOT Analysis

70 Legrand SA: Geographic Presence

71 Sony Group Corp., Inc.: Company Snapshot

72 Sony Group Corp., Inc.: SWOT Analysis

73 Sony Group Corp., Inc.: Geographic Presence

74 Other Companies: Company Snapshot

75 Other Companies: SWOT Analysis

76 Other Companies: Geographic Presence

The Global Smart Homes Market has been studied from the year 2019 till 2028. However, the CAGR provided in the report is from the year 2023 to 2028. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

Smart Homes Market Size

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Smart Homes Market.

Smart Homes Market Growth

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Smart Homes Market Trends

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

Smart Homes Market Share

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Frequently Asked Questions

The global smart homes market is expected to grow at a CAGR of 11.3% from 2023 to 2028.
The key players operating in the market are LG Electronics, Inc., Siemens AG, Amazon.com, Inc., Google LLC, Samsung Electronics Co., Ltd., Schneider Electric SE, Legrand S.A., Robert Bosch GmbH, Assa Abloy AB, and Sony Group Corp., among others.
Market players can differentiate themselves by developing new and innovative smart home products and services, providing energy-efficient solutions, helping seniors live independently and safely, collecting and analysing data, and providing interoperable products and services.
Several key drivers are driving the global smart homes market, including increasing adoption of Internet of Things (IoT) technology, rising demand for energy-efficient and eco-friendly solutions, growing consumer awareness regarding the benefits of smart home technology, increasing availability of smart devices and systems, and technological advancements and innovation.

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