Global Smart Home Market Research Report—Forecast till 2026

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Global Smart Home Market Research Report: Information by Component [Hardware (Security, Home Automation, Home Entertainment, Home Healthcare), Smart Appliance, Services (Energy Consumption & Management Services, Security Services, Healthcare Services, Entertainment Services)] and Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa)—Forecast till 2026

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Global Smart Home Market Research Report—Forecast till 2026

Market Overview
The global smart home market is estimated to enlist a CAGR of more than 15.08% to arrive at USD 214,950.7million before the finish of 2026. Smart Home is a reconciliation of innovation and administrations through an organization for a superior nature of living. The innovation assists the client with lessening the responsibility and significantly more.

Shrewd Homework with the clients with open to living, energy the board components, security, and advantages for debilitated people. Brilliant homes are furnished with Internet-associated gadgets for controlling, robotizing, and enhancing capacities, like temperature, lighting, security, and diversion.

These gadgets can be distantly controlled, checked, and got to by a PC, telephone, tablet, or a different framework. Keen advancements utilized for interfacing contraptions and embellishments have made it conceivable to consequently control the conditions in a structure.

The development of the worldwide smart home market is essentially determined by its developing requirement for energy-saving and low fossil fuel by product situated arrangements. The expanding number of Internet clients and the developing reception of keen gadgets is another factor driving the market’s development.

Keen homes are conditions where the frameworks or apparatuses utilized in homes depend on the Internet of things (IoT) innovation, sensors, and administrations that are associated through the correspondence arrange and can be gotten to, checked, and controlled distantly.

However, the significant expense of exchanging for existing smart gadget buyers and issues identified with gadget failing and breaks in security and protection are key restrictions contrarily affecting the market development.

Market Segmentation
The global smart home market has been bifurcated in terms of component and region.
Based on component, the smart home market has been classified into hardware, smart appliance, AI speaker, and services.
The hardware segment is further classified into security, home automation, home entertainment, and home healthcare.

Regional Analysis
The worldwide smart home market has been examined across Asia-Pacific, North America, Europe, South America, and the Middle East and Africa. North America represented the biggest market portion of 36.55% of the worldwide market in 2018.

The expanding number of governments drives to help energy-productive structure that give advantages, for example, decreased lifetime costs, expanded energy reserve funds, and diminished ozone harming substance discharges is one of the elements driving the market.

The reception of smart home equipments in Mexico has become one of the quickest developing mechanical patterns in the beyond four years. The nation was among quick to popularize Google’s keen voice partner (Home) in Latin America.

The market development in Europe can be ascribed to the expanding number of web clients and the developing reception of smart devices.

Key Players
Major players operating in the global smart home market are Honeywell International (US), Johnson Controls (Ireland), Siemens AG (Germany), Schneider Electric (France), UTC (US), Google LLC (US), Amazon (US), Apple Inc.(US), ADT Inc.(US), Assa Abloy (Sweden), Dahua Technology (China), ABB Ltd (Switzerland), Robert Bosch (Germany), Axis Communication (Sweden), Samsung Electronics (South Korea), Panasonic Corporation (Japan), Legrand SA (France), CP Plus Inc.(India), Hangzhou Hikvision Digital Technology Co., Ltd (China), and General Electric (US).

COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries.

Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

Related: Ambient Assisted Living & Smart Home Market Share Surge to New Values for Forecast Year 2020-2030

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Table of Contents

TABLE OF CONTENTS 1 EXECUTIVE SUMMARY 25 2 MARKET INTRODUCTION 26 2.1 DEFINITION 26 2.2 SCOPE OF THE STUDY 26 2.3 RESEARCH OBJECTIVE 26 3 RESEARCH METHODOLOGY 27 3.1 RESEARCH PROCESS 27 3.2 PRIMARY RESEARCH 28 3.3 SECONDARY RESEARCH 29 3.4 MARKET SIZE ESTIMATION 29 3.5 TOP-DOWN AND BOTTOM-UP APPROACH 30 3.6 FORECASTING TECHNIQUES 32 3.7 LIST OF ASSUMPTIONS 33 4 MARKET DYNAMICS 34 4.1 DRIVERS 35 4.1.1 GROWING NEED FOR ENERGY-SAVING AND LOW CARBON EMISSION-ORIENTED SOLUTIONS 35 4.1.2 INCREASING NUMBER OF INTERNET USERS AND GROWING ADOPTION OF SMART DEVICES 35 4.1.3 RISING CONCERNS REGARDING SAFETY, SECURITY, AND PUBLIC CONVENIENCE 36 4.1.4 DRIVERS IMPACT ANALYSIS 36 4.2 RESTRAINTS 36 4.2.1 HIGH COST OF SWITCHING FOR EXISTING SMART DEVICE CONSUMERS 36 4.2.2 ISSUES RELATED TO DEVICE MALFUNCTIONING AND BREACH IN SECURITY AND PRIVACY 37 4.3 OPPORTUNITY 38 4.3.1 FAVORABLE GOVERNMENT REGULATIONS REGARDING GREEN BUILDING INITIATIVES 38 4.4 CHALLENGE 38 4.4.1 LACK OF TECHNICAL EXPERTISE AND INFRASTRUCTURE IN DEVELOPING COUNTRIES 38 4.5 COVID-19 IMPACT ON SMART HOME MARKET 38 4.5.1 ECONOMIC IMPACT 38 4.5.2 IMPACT ON WORLD TRADE 39 4.5.3 IMPACT ON THE MANUFACTURING INDUSTRY 39 4.5.4 IMPACT ON OVERALL SMART HOME INDUSTRY 39 4.5.4.1 IMPACT ON SUPPLY CHAIN 40 4.5.4.2 PRICE VARIATION OF KEY RAW MATERIALS 40 4.5.4.3 PRODUCTION SHUTDOWN 40 5 MARKET FACTOR ANALYSIS 41 5.1 VALUE CHAIN ANALYSIS 41 5.1.1 HARDWARE MANUFACTURERS 41 5.1.2 PLATFORM DEVELOPERS 41 5.1.3 TECHNOLOGY PROVIDERS 42 5.1.4 SYSTEM INTEGRATORS 42 5.1.5 DISTRIBUTORS/RESELLERS 42 5.1.6 END USERS 42 5.2 PORTER’S FIVE FORCES MODEL 43 5.2.1 THREAT OF NEW ENTRANTS 43 5.2.2 BARGAINING POWER OF SUPPLIERS 44 5.2.3 THREAT OF SUBSTITUTES 44 5.2.4 BARGAINING POWER OF BUYERS 44 5.2.5 INTENSITY OF RIVALRY 44 6 GLOBAL SMART HOME MARKET, BY COMPONENT 45 6.1 OVERVIEW 45 6.2 HARDWARE 46 6.2.1 SECURITY 46 6.2.1.1 VIDEO SURVEILLANCE SYSTEM 46 6.2.1.1.1 CAMERAS 47 6.2.1.1.2 STORAGE DEVICES 47 6.2.1.1.3 MONITORS 47 6.2.1.1.4 SERVERS 47 6.2.1.1.5 ACCESSORIES & OTHERS 47 6.2.1.1.6 SOFTWARE/VIDEO ANALYTICS 48 6.2.1.2 ACCESS CONTROL 48 6.2.1.2.1 BIOMETRIC ACCESS CONTROL 48 6.2.1.2.2 FACIAL RECOGNITION 48 6.2.1.2.3 IRIS RECOGNITION 48 6.2.1.2.4 FINGERPRINT RECOGNITION 49 6.2.1.2.5 OTHERS 49 6.2.2 HOME AUTOMATION 49 6.2.2.1 LIGHTING CONTROL 49 6.2.2.1.1 RELAYS 50 6.2.2.1.2 OCCUPANCY SENSORS 50 6.2.2.1.3 TIMERS 50 6.2.2.1.4 DIMMERS 51 6.2.2.1.5 SWITCHES 51 6.2.2.1.6 OTHER PRODUCTS 51 6.2.2.2 HVAC CONTROL 51 6.2.2.2.1 SMART THERMOSTAT 52 6.2.2.2.2 HVAC SENSORS 52 6.2.2.2.3 CONTROL VALVES 52 6.2.2.2.4 DAMPERS 52 6.2.2.2.5 ACTUATORS 52 6.2.2.2.6 PUMPS AND FANS 53 6.2.2.2.7 SMART VENTS 53 6.2.2.3 OTHER CONTROL 53 6.2.2.3.1 SMART METERS 53 6.2.2.3.2 SMART PLUGS 53 6.2.2.3.3 SMART LOCKS 54 6.2.2.3.4 SMOKE DETECTORS 54 6.2.3 HOME ENTERTAINMENT 54 6.2.3.1 SMART REMOTE CONTROL 55 6.2.3.2 SMART SPEAKERS 55 6.2.3.3 SMART HUBS 55 6.2.3.4 SMART TV 55 6.2.3.5 SMART PROJECTORS 55 6.2.3.6 STREAMING DEVICES 56 6.2.3.7 OTHERS 56 6.2.4 HOME HEALTHCARE 56 6.2.4.1 HEALTH STATUS MONITORS 56 6.2.4.2 PHYSICAL ACTIVITY MONITORS 56 6.3 SMART APPLIANCE 57 6.3.1 SMART REFRIGERATORS 58 6.3.2 SMART DISHWASHERS 58 6.3.3 SMART WATER HEATERS 58 6.3.4 SMART VACCUM CLEANERS 58 6.3.5 SMART AIR CONDITIONER 58 6.3.6 SMART LAUNDRY 58 6.3.7 SMART OVEN 58 6.3.8 SMART AIR PURIFIER 59 6.3.9 OTHERS 59 6.4 AI SPEAKER 59 6.4 SERVICES 59 6.4.1 ENERGY CONSUMPTION & MANAGEMENT SERVICES 60 6.4.1.1 ENERGY EFFICIENCY SERVICES 60 6.4.1.2 AMBIENT ASSISTED SERVICES 60 6.4.1.3 ENERGY SECURITY SERVICES 60 6.4.2 SECURITY SERVICES 61 6.4.2.1 FIRE PROTECTION SERVICES 61 6.4.2.2 INTRUSION DETECTION SERVICES 61 6.4.2.3 ASSISTED LIVING SERVICES 61 6.4.3 HEALTHCARE SERVICES 61 6.4.3.1 E-HEALTH SERVICES 62 6.4.3.2 EMERGENCY RESPONSE SERVICES 62 6.4.4 ENETERTAINMENT SERVICES 62 6.4.4.1 COMMUNICATION SERVICES 63 6.4.4.2 STREAMING SERVICES 63 6.4.4.3 PROFESSIONAL INSTALLATION SERVICES 63 7 GLOBAL SMART HOME MARKET, BY REGION 64 7.1 MARKET ESTIMATES AND FORECAST, BY REGION, 2018–2026 64 7.2 NORTH AMERICA 65 7.2.1 HARDWARE 66 7.2.1.1 SECURITY 67 7.2.1.1.1 VIDEO SURVEILLANCE SYSTEM 67 7.2.1.1.2 ACCESS CONTROL 68 7.2.1.2 HOME AUTOMATION 68 7.2.1.2.1 LIGHTING CONTROL 69 7.2.1.2.2 HVAC CONTROL 69 7.2.1.2.3 OTHER CONTROL 70 7.2.1.3 HOME ENTERTAINMENT 70 7.2.1.4 HOME HEALTHCARE 70 7.2.2 SMART APPLIANCE 71 7.2.3 AI SPEAKER 72 7.2.3 SERVICES 72 7.2.3.1 ENERGY CONSUMPTION & MANAGEMENT SERVICES 73 7.2.3.2 SECURITY SERVICES 73 7.2.3.3 HEALTHCARE SERVICES 73 7.2.3.4 ENETERTAINMENT SERVICES 74 7.2.4 US 74 7.2.5 CANADA 81 7.2.6 MEXICO 87 7.3 EUROPE 95 7.3.1 HARDWARE 96 7.3.1.1 SECURITY 97 7.3.1.1.1 VIDEO SURVEILLANCE SYSTEM 97 7.3.1.1.2 ACCESS CONTROL 98 7.3.1.2 HOME AUTOMATION 98 7.3.1.2.1 LIGHTING CONTROL 98 7.3.1.2.2 HVAC CONTROL 99 7.3.1.2.3 OTHER CONTROL 99 7.3.1.3 HOME ENTERTAINMENT 100 7.3.1.4 HOME HEALTHCARE 100 7.3.2 SMART APPLIANCE 101 7.3.3 AI SPEKAER 102 7.3.3 SERVICES 102 7.3.3.1 ENERGY CONSUMPTION & MANAGEMENT SERVICES 103 7.3.3.2 SECURITY SERVICES 103 7.3.3.3 HEALTHCARE SERVICES 103 7.3.3.4 ENETERTAINMENT SERVICES 104 7.3.4 UK 104 7.3.5 GERMANY 110 7.3.6 SPAIN 117 7.3.7 FRANCE 124 7.3.8 REST OF EUROPE 131 7.4 ASIA-PACIFIC 138 7.4.1 HARDWARE 139 7.4.1.1 SECURITY 140 7.4.1.1.1 VIDEO SURVEILLANCE SYSTEM 140 7.4.1.1.2 ACCESS CONTROL 141 7.4.1.2 HOME AUTOMATION 141 7.4.1.2.1 LIGHTING CONTROL 141 7.4.1.2.2 HVAC CONTROL 142 7.4.1.2.3 OTHER CONTROL 142 7.4.1.3 HOME ENTERTAINMENT 143 7.4.1.4 HOME HEALTHCARE 143 7.4.2 SMART APPLIANCE 144 7.4.3 AI SEPAKER 145 7.4.3 SERVICES 145 7.4.3.1 ENERGY CONSUMPTION & MANAGEMENT SERVICES 146 7.4.3.2 SECURITY SERVICES 146 7.4.3.3 HEALTHCARE SERVICES 146 7.4.3.4 ENETERTAINMENT SERVICES 147 7.4.4 CHINA 147 7.4.5 JAPAN 154 7.4.6 INDIA 161 7.4.7 REST OF ASIA-PACIFIC 168 7.5 REST OF THE WORLD 176 7.5.1 HARDWARE 177 7.5.1.1 SECURITY 178 7.5.1.1.1 VIDEO SURVEILLANCE SYSTEM 178 7.5.1.1.2 ACCESS CONTROL 179 7.5.1.2 HOME AUTOMATION 179 7.5.1.2.1 LIGHTING CONTROL 179 7.5.1.2.2 HVAC CONTROL 180 7.5.1.2.3 OTHER CONTROL 180 7.5.1.3 HOME ENTERTAINMENT 181 7.5.1.4 HOME HEALTHCARE 181 7.5.2 SMART APPLIANCE 182 7.5.3 AI SPEAKER 183 7.5.3 SERVICES 183 7.5.3.1 ENERGY CONSUMPTION & MANAGEMENT SERVICES 184 7.5.3.2 SECURITY SERVICES 184 7.5.3.3 HEALTHCARE SERVICES 184 7.5.3.4 ENETERTAINMENT SERVICES 185 7.5.4 MIDDLE EAST & AFRICA 185 7.5.5 SOUTH AMERICA 192 8 COMPETITIVE LANDSCAPE 200 8.1 OVERVIEW 200 8.2 COMPETITIVE BENCHMARKING 201 8.3 KEY DEVELOPMENTS IN THE GLOBAL SMART HOME MARKET 203 8.3.1 KEY DEVELOPMENTS: PRODUCT DEVELOPMENTS/LAUNCHES 203 8.3.2 KEY DEVELOPMENTS: MERGERS & ACQUISITIONS 206 8.3.3 KEY DEVELOPMENTS: CONTRACTS & AGREEMENTS 207 8.3.4 KEY DEVELOPMENTS: PARTNERSHIPS/COLLABORATIONS 207 8.3.5 KEY DEVELOPMENTS: EXPANSIONS 208 9 COMPANY PROFILES 209 9.1 SIEMENS AG 209 9.1.1 COMPANY OVERVIEW 209 9.1.2 FINANCIAL OVERVIEW 210 9.1.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED 211 9.1.4 KEY DEVELOPMENTS 212 9.1.5 SWOT ANALYSIS 212 9.1.6 KEY STRATEGIES 213 9.2 JOHNSON CONTROLS INTERNATIONAL PLC 214 9.2.1 COMPANY OVERVIEW 214 9.2.2 FINANCIAL OVERVIEW 214 9.2.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED 215 9.2.4 KEY DEVELOPMENTS 216 9.2.5 SWOT ANALYSIS 217 9.2.6 KEY STRATEGIES 217 9.3 UNITED TECHNOLOGIES CORPORATION 218 9.3.1 COMPANY OVERVIEW 218 9.3.2 FINANCIAL OVERVIEW 219 9.3.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED 220 9.3.4 KEY DEVELOPMENTS 221 9.3.5 SWOT ANALYSIS 222 9.3.6 KEY STRATEGIES 222 9.4 LEGRAND SA 223 9.4.1 COMPANY OVERVIEW 223 9.4.2 FINANCIAL OVERVIEW 223 9.4.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED 224 9.4.4 KEY DEVELOPMENTS 224 9.4.5 SWOT ANALYSIS 225 9.4.6 KEY STRATEGIES 225 9.5 ASSA ABLOY GROUP 226 9.5.1 COMPANY OVERVIEW 226 9.5.2 FINANCIAL OVERVIEW 226 9.5.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED 227 9.5.4 KEY DEVELOPMENTS 227 9.5.5 SWOT ANALYSIS 228 9.5.6 KEY STRATEGIES 228 9.6 ADT INC. 229 9.6.1 COMPANY OVERVIEW 229 9.6.2 FINANCIAL OVERVIEW 230 9.6.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED 230 9.6.4 KEY DEVELOPMENTS 231 9.6.5 SWOT ANALYSIS 232 9.6.6 KEY STRATEGIES 232 9.7 SCHNEIDER ELECTRIC SE 233 9.7.1 COMPANY OVERVIEW 233 9.7.2 FINANCIAL OVERVIEW 234 9.7.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED 234 9.7.4 KEY DEVELOPMENTS 235 9.7.5 SWOT ANALYSIS 236 9.7.6 KEY STRATEGIES 236 9.8 ROBERT BOSCH GMBH 237 9.8.1 COMPANY OVERVIEW 237 9.8.2 FINANCIAL OVERVIEW 238 9.8.3 PRODUCTS OFFERED 238 9.8.4 KEY DEVELOPMENTS 239 9.8.5 SWOT ANALYSIS 239 9.8.6 KEY STRATEGIES 240 9.9 PANASONIC CORPORATION 241 9.9.1 COMPANY OVERVIEW 241 9.9.2 FINANCIAL OVERVIEW 242 9.9.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED 242 9.9.4 KEY DEVELOPMENTS 245 9.9.5 SWOT ANALYSIS 247 9.9.6 KEY STRATEGIES 247 9.10 APPLE, INC. 248 9.10.1 COMPANY OVERVIEW 248 9.10.2 FINANCIAL OVERVIEW 248 9.10.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 249 9.10.4 KEY DEVELOPMENTS 249 9.10.5 SWOT ANALYSIS 250 9.10.6 KEY STRATEGIES 250 9.11 CP PLUS INTERNATIONAL 251 9.11.1 COMPANY OVERVIEW 251 9.11.2 PRODUCTS/SOLUTIONS/SERVICES OFFERED 251 9.11.3 KEY DEVELOPMENTS 252 9.11.4 SWOT ANALYSIS 252 9.12 AXIS COMMUNICATIONS AB 253 9.12.1 COMPANY OVERVIEW 253 9.12.2 FINANCIAL OVERVIEW 253 9.12.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 254 9.12.4 KEY DEVELOPMENTS 254 9.12.5 SWOT ANALYSIS 255 9.12.6 KEY STRATEGIES 255 9.13 DAHUA TECHNOLOGY CO., LTD 256 9.13.1 COMPANY OVERVIEW 256 9.13.2 FINANCIAL OVERVIEW 256 9.13.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 257 9.13.4 KEY DEVELOPMENTS 257 9.13.5 SWOT ANALYSIS 258 9.13.6 KEY STRATEGIES 258 9.14 HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD. 259 9.14.1 COMPANY OVERVIEW 259 9.14.2 FINANCIAL OVERVIEW 259 9.14.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 260 9.14.4 KEY DEVELOPMENTS 260 9.14.5 SWOT ANALYSIS 261 9.14.6 KEY STRATEGIES 261 9.15 AMAZON.COM 262 9.15.1 COMPANY OVERVIEW 262 9.15.2 FINANCIAL OVERVIEW 263 9.15.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 263 9.15.4 SWOT ANALYSIS 264 9.15.5 KEY STRATEGIES 264 9.16 HONEYWELL INTERNATIONAL INC. 265 9.16.1 COMPANY OVERVIEW 265 9.16.2 FINANCIAL OVERVIEW 266 9.16.3 PRODUCTS OFFERED 266 9.16.4 KEY DEVELOPMENTS 267 9.16.5 SWOT ANALYSIS 268 9.16.6 KEY STRATEGIES 268 9.17 GOOGLE 269 9.17.1 COMPANY OVERVIEW 269 9.17.2 FINANCIAL OVERVIEW 269 9.17.3 PRODUCTS OFFERINGS 270 9.17.4 KEY DEVELOPMENTS 270 9.17.5 SWOT ANALYSIS 270 9.17.6 KEY STRATEGIES 271 9.18 ABB 272 9.18.1 COMPANY OVERVIEW 272 9.18.2 FINANCIAL OVERVIEW 272 9.18.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 273 9.18.4 KEY DEVELOPMENTS 273 9.18.5 SWOT ANALYSIS 273 9.18.6 KEY STRATEGIES 274 9.19 SAMSUNG ELECTRONICS 275 9.19.1 COMPANY OVERVIEW 275 9.19.2 FINANCIAL OVERVIEW 275 9.19.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 276 9.19.4 KEY DEVELOPMENTS 276 9.19.5 SWOT ANALYSIS 277 9.19.6 KEY STRATEGIES 277 9.20 GENERAL ELECTRIC 278 9.20.1 COMPANY OVERVIEW 278 9.20.2 FINANCIAL OVERVIEW 279 9.20.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED 279 9.20.4 KEY DEVELOPMENTS 280 9.20.5 SWOT ANALYSIS 280 9.20.6 KEY STRATEGIES 280