The smart home market is valued at USD 7913 billion in 2020 and is expected to reach USD 31.395 billion by 2026 and grow at a CAGR of 25% over the forecast period (2021-2027). Home automation and smart home are two ambiguous terms used in connection with a wide range of solutions for monitoring, controlling and automating functions in the home. Smart home systems require a smartphone application or web portal as a user interface to interact with the automated system. The scope of this study includes analysis of devices that can be controlled by switches, timers, sensors, and remote controllers apart from other control devices.

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Company Profile

 

The major players covered in the report are Samsung, Robert Bosch GmbH, Schneider Electric, Siemens, Haier Group, Google (A Subsidiary of Alphabet Inc.), General Electric Company (A Subsidiary of General Electric), Resideo Technologies, Inc, ABB, Emerson Electric Co., Johnson Controls, Carrier, Legrand , ADT, Vivint, Inc., Acuity Brands Lighting, INC., The Chamberlain Group, Inc., Brinks Home Security, Sleep Number Corporation, Leviton Manufacturing Co., Inc., Crestron Electronics, Inc., Hanwha Techwin America., Switchmate, Lifi Labs, Inc., Kuna Systems, Lutron Electronics Co., Inc and Nice S.p.A.., among others.

 

Market Segmentation

 

Smart Home Market- Segmentation

By Product:

Lighting Control
Security and Access Control
HVAC Control
Entertainment and Other Controls
Smart Kitchen
Home Appliances
Smart Furniture

By Software and Service:

Proactive
Behavioral

 

 

Scope of the Report

The research study analyzes the global Smart Home industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

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Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Smart Home Market Report

1. What was the Smart Home Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).

What will be the CAGR of Smart Home Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Smart Home Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

 

The report covers the following objectives:

Proliferation and maturation of trade in the global Smart Home market.
The market share of the global Smart Home market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
Current and future market trends that are influencing the growth opportunities and growth rate of the global Smart Home market.
Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Smart Home market.


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