Smart Home Devices Market - Global Industry Analysis

Smart Home Devices Market by Protocol (Wi-Fi, Bluetooth, and Others), Device Type (Smart Thermostat, Smart Light, Smart TV, Smart Lock, and Others), by Application (Lighting System, Security and Access Control System, Entertainment System, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Published Date: 28-May-2021 Category: Semiconductor & Electronics Report Format : PDF Pages: 130 Report Code: ZMR-6172 Status : Published

The global smart home devices market accounted for USD 68.8 Billion in 2020 and is expected to reach USD 156.6 Billion by 2028, growing at a CAGR of 11.5% from 2021 to 2028.

Description

Market Overview

The global smart home devices market accounted for USD 68.8 Billion in 2020 and is expected to reach USD 156.6 Billion by 2028, growing at a CAGR of 11.5% from 2021 to 2028.

A smart device is an electronic device that can communicate with other devices or networks using various wireless protocols such as Bluetooth, Zigbee, NFC, Wi-Fi, LiFi, and 5G, among others. Smart home devices are connected with each other and can be controlled by using a single central point, such as a smart phone, tablet, desktop, or game console. The growth of the smart home industry is fueled by a variety of factors, including an increase in internet users, increased adoption of smart devices, rising disposable income in developed economies, and a rise in the need to save energy and decrease carbon emission. The recent trends in the smart home devices market focus on artificial intelligence and automation to provide domestic assistance in a new and innovative way while ensuring that all advanced technological tools and security are in place. Face recognition technology, video doorbells, remote-controlled locks, and ultra-modern burglar alarms are some of the trending security smart home devices.

COVID-19 Impact Analysis

Due to the COVID- 19 pandemic, more people started staying at home and made changes in their living environment resulting in the adoption of IoT technology. Stay-at-home directives transformed the way people interacted in their homes, causing them to rearrange their living space to fulfill new functional requirements such as working and studying at home, setting up at-home gyms, and discovering new ways to relax and enjoy themselves.

Growth Factors

The market for smart home devices is driven by the growing need to conserve electricity and reduce carbon emissions. Electricity is continually consumed by conventional devices until they are switched off. On the other hand, however, smart home devices are equipped with motion sensors that can sense the absence of people in a room for a specified period of time and switch off automatically, saving money and energy.

The smart home devices market is expected to witness growth as customers' preferences for video doorbells, voice-assisted devices, and security systems are growing over time. The increased adoption of smart phones due to the proliferation of the internet among the masses is one of the major factors behind consumer's IoT acceptance. As a result of the widespread use of internet-connected smart devices, the overall IoT market is with witness growth.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Device Type Segment Analysis Preview

Smart TV segment held a share of around 20% in 2020. This is attributable to the latest innovations in the user interface, content aggregation, and application development that come with smart TVs, such as the operating system that can run apps and widgets, which can stream videos and music. Smart TVs come with unified internet features and a wide range of digital computing and networking capabilities. Consumers can now use smart TVs to search, chat, browse, post, update, and download content. In the coming years, smart TVs are predicted to place a greater emphasis on experience design. The availability of consumption-ready content for the consumers to use their smart TVs has been clinical in the demand surge.

Application Segment Analysis Preview

The security and access control system segment will grow at a CAGR of over 12% from 2021 to 2028. This growth can be attributed to the globally rising crime rates are driving the smart home security market. Nowadays, customers are placing a greater emphasis on safety and security services, especially in residential areas. Households prefer smart home devices such as smart locks, smart cameras, and smart lockers to be more safe and secure. The advent of the Internet of Things (IoT) and wireless technology, as well as the growing use of IP cameras for video surveillance, are also contributing to the growth. The growing use of the internet, laptops and smart phones is paving the way for IoT to be used in home protection through the use of smart applications.

Regional Analysis Preview

The European region held a share of over 22% in 2020. This is attributable to the increasing investments in infrastructure that have been undertaken to improve the standard of living in this region. Increased demand for heating, ventilation and air conditioning systems coupled with energy management has significantly driven regional growth.

Asia Pacific region is projected to grow at a CAGR of over 12% during the forecast period. This surge is due to technological advancements that resulted in the increase in the adoption of smart home devices, especially in the developing Asian countries, including China, Japan, and India, among others. Rapid digitization, Increasing awareness among consumers, growing need for energy consumption & emissions, high penetration of smart phones paired with government initiatives such as establishment of smart cities in countries such as India, Japan, and China are some of the prominent drivers for the growth of smart home devices market in the Asia-Pacific region.

Key Market Players & Competitive Landscape

Some of key players in smart home devices market are Schneider Electric, Honeywell International Inc, Johnson Controls International, United Technologies Corporation, Siemens AG, Amazon Inc., Apple Inc., Google, Samsung Electronics Co. Ltd., LG Electronics and Sony among others. 

Companies in the smart home technology industry have traditionally used a subscription model, in which users pay a monthly charge for a fixed amount for the services. However, now they are constantly looking at new ways to monetize smart home technologies, such as service bundling, audio advertising, and using IoT data.

Also as the device margins are slowly fading, companies are relying on the stickiness aspect by providing new solutions and value-added services to consumers in addition to device sales.

The global smart home devices market is segmented as follows:

By Protocol

  • Wi-Fi
  • Bluetooth
  • Others

By Device Type

  • Smart Thermostat
  • Smart Light
  • Smart TV
  • Smart Lock
  • Others

By Application

  • Lighting System
  • Security and Access Control System
  • Entertainment System
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Protocul
        • 2.1.1.2. Market Attractiveness Analysis, By Device Type
        • 2.1.1.3. Market Attractiveness Analysis, By Application
        • 2.1.1.4. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Smart Home Devices Market, 2016 – 2028 (USD Million)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 Smart Home Devices Market – Protocul Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Protocul, 2020 & 2028
    • 4.2. Wi-Fi
      • 4.2.1. Market Size and Forecast, By Region (USD Million)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Bluetooth
      • 4.3.1. Market Size and Forecast, By Region (USD Million)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. Others
      • 4.4.1. Market Size and Forecast, By Region (USD Million)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 Smart Home Devices Market – Device Type Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Device Type, 2020 & 2028
    • 5.2. Smart Thermostat
      • 5.2.1. Market Size and Forecast, By Region (USD Million)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Smart Light
      • 5.3.1. Market Size and Forecast, By Region (USD Million)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.4. Smart TV
      • 5.4.1. Market Size and Forecast, By Region (USD Million)
      • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.5. Smart Lock
      • 5.5.1. Market Size and Forecast, By Region (USD Million)
      • 5.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.6. Others
      • 5.6.1. Market Size and Forecast, By Region (USD Million)
      • 5.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.6.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 6 Smart Home Devices Market – Application Segment Analysis
    • 6.1. Overview
      • 6.1.1. Market Revenue Share, By Application, 2020 & 2028
    • 6.2. Lighting System
      • 6.2.1. Market Size and Forecast, By Region (USD Million)
      • 6.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.3. Security and Access Contrul System
      • 6.3.1. Market Size and Forecast, By Region (USD Million)
      • 6.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.4. Entertainment System
      • 6.4.1. Market Size and Forecast, By Region (USD Million)
      • 6.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.5. Others
      • 6.5.1. Market Size and Forecast, By Region (USD Million)
      • 6.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.5.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 7 Smart Home Devices Market – Regional Analysis
    • 7.1. Overview
      • 7.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 7.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Million)
    • 7.2. North America
      • 7.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 7.2.2. North America Market Revenue, By Protocul, 2016 – 2028
      • 7.2.3. North America Market Revenue, By Device Type, 2016 – 2028
      • 7.2.4. North America Market Revenue, By Application, 2016 – 2028
      • 7.2.5. U.S.
        • 7.2.5.1. U.S. Market Revenue, By Protocul, 2016 – 2028
        • 7.2.5.2. U.S. Market Revenue, By Device Type, 2016 – 2028
        • 7.2.5.3. U.S. Market Revenue, By Application, 2016 – 2028
      • 7.2.6. Canada
        • 7.2.6.1. Canada Market Revenue, By Protocul, 2016 – 2028
        • 7.2.6.2. Canada Market Revenue, By Device Type, 2016 – 2028
        • 7.2.6.3. Canada Market Revenue, By Application, 2016 – 2028
      • 7.2.7. Mexico
        • 7.2.7.1. Mexico Market Revenue, By Protocul, 2016 – 2028
        • 7.2.7.2. Mexico Market Revenue, By Device Type, 2016 – 2028
        • 7.2.7.3. Mexico Market Revenue, By Application, 2016 – 2028
    • 7.3. Europe
      • 7.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 7.3.2. Europe Market Revenue, By Protocul, 2016 – 2028
      • 7.3.3. Europe Market Revenue, By Device Type, 2016 – 2028
      • 7.3.4. Europe Market Revenue, By Application, 2016 – 2028
      • 7.3.5. Germany
        • 7.3.5.1. Germany Market Revenue, By Protocul, 2016 – 2028
        • 7.3.5.2. Germany Market Revenue, By Device Type, 2016 – 2028
        • 7.3.5.3. Germany Market Revenue, By Application, 2016 – 2028
      • 7.3.6. France
        • 7.3.6.1. France Market Revenue, By Protocul, 2016 – 2028
        • 7.3.6.2. France Market Revenue, By Device Type, 2016 – 2028
        • 7.3.6.3. France Market Revenue, By Application, 2016 – 2028
      • 7.3.7. U.K.
        • 7.3.7.1. U.K. Market Revenue, By Protocul, 2016 – 2028
        • 7.3.7.2. U.K. Market Revenue, By Device Type, 2016 – 2028
        • 7.3.7.3. U.K. Market Revenue, By Application, 2016 – 2028
      • 7.3.8. Italy
        • 7.3.8.1. Italy Market Revenue, By Protocul, 2016 – 2028
        • 7.3.8.2. Italy Market Revenue, By Device Type, 2016 – 2028
        • 7.3.8.3. Italy Market Revenue, By Application, 2016 – 2028
      • 7.3.9. Spain
        • 7.3.9.1. Spain Market Revenue, By Protocul, 2016 – 2028
        • 7.3.9.2. Spain Market Revenue, By Device Type, 2016 – 2028
        • 7.3.9.3. Spain Market Revenue, By Application, 2016 – 2028
      • 7.3.10. Rest of Europe
        • 7.3.10.1. Rest of Europe Market Revenue, By Protocul, 2016 – 2028
        • 7.3.10.2. Rest of Europe Market Revenue, By Device Type, 2016 – 2028
        • 7.3.10.3. Rest of Europe Market Revenue, By Application, 2016 – 2028
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 7.4.2. Asia Pacific Market Revenue, By Protocul, 2016 – 2028
      • 7.4.3. Asia Pacific Market Revenue, By Device Type, 2016 – 2028
      • 7.4.4. Asia Pacific Market Revenue, By Application, 2016 – 2028
      • 7.4.5. China
        • 7.4.5.1. China Market Revenue, By Protocul, 2016 – 2028
        • 7.4.5.2. China Market Revenue, By Device Type, 2016 – 2028
        • 7.4.5.3. China Market Revenue, By Application, 2016 – 2028
      • 7.4.6. Japan
        • 7.4.6.1. Japan Market Revenue, By Protocul, 2016 – 2028
        • 7.4.6.2. Japan Market Revenue, By Device Type, 2016 – 2028
        • 7.4.6.3. Japan Market Revenue, By Application, 2016 – 2028
      • 7.4.7. India
        • 7.4.7.1. India Market Revenue, By Protocul, 2016 – 2028
        • 7.4.7.2. India Market Revenue, By Device Type, 2016 – 2028
        • 7.4.7.3. India Market Revenue, By Application, 2016 – 2028
      • 7.4.8. South Korea
        • 7.4.8.1. South Korea Market Revenue, By Protocul, 2016 – 2028
        • 7.4.8.2. South Korea Market Revenue, By Device Type, 2016 – 2028
        • 7.4.8.3. South Korea Market Revenue, By Application, 2016 – 2028
      • 7.4.9. South-East Asia
        • 7.4.9.1. South-East Asia Market Revenue, By Protocul, 2016 – 2028
        • 7.4.9.2. South-East Asia Market Revenue, By Device Type, 2016 – 2028
        • 7.4.9.3. South-East Asia Market Revenue, By Application, 2016 – 2028
      • 7.4.10. Rest of Asia Pacific
        • 7.4.10.1. Rest of Asia Pacific Market Revenue, By Protocul, 2016 – 2028
        • 7.4.10.2. Rest of Asia Pacific Market Revenue, By Device Type, 2016 – 2028
        • 7.4.10.3. Rest of Asia Pacific Market Revenue, By Application, 2016 – 2028
    • 7.5. Latin America
      • 7.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 7.5.2. Latin America Market Revenue, By Protocul, 2016 – 2028
      • 7.5.3. Latin America Market Revenue, By Device Type, 2016 – 2028
      • 7.5.4. Latin America Market Revenue, By Application, 2016 – 2028
      • 7.5.5. Brazil
        • 7.5.5.1. Brazil Market Revenue, By Protocul, 2016 – 2028
        • 7.5.5.2. Brazil Market Revenue, By Device Type, 2016 – 2028
        • 7.5.5.3. Brazil Market Revenue, By Application, 2016 – 2028
      • 7.5.6. Argentina
        • 7.5.6.1. Argentina Market Revenue, By Protocul, 2016 – 2028
        • 7.5.6.2. Argentina Market Revenue, By Device Type, 2016 – 2028
        • 7.5.6.3. Argentina Market Revenue, By Application, 2016 – 2028
      • 7.5.7. Rest of Latin America
        • 7.5.7.1. Rest of Latin America Market Revenue, By Protocul, 2016 – 2028
        • 7.5.7.2. Rest of Latin America Market Revenue, By Device Type, 2016 – 2028
        • 7.5.7.3. Rest of Latin America Market Revenue, By Application, 2016 – 2028
    • 7.6. The Middle-East and Africa
      • 7.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 7.6.2. The Middle-East and Africa Market Revenue, By Protocul, 2016 – 2028
      • 7.6.3. The Middle-East and Africa Market Revenue, By Device Type, 2016 – 2028
      • 7.6.4. The Middle-East and Africa Market Revenue, By Application, 2016 – 2028
      • 7.6.5. GCC Countries
        • 7.6.5.1. GCC Countries Market Revenue, By Protocul, 2016 – 2028
        • 7.6.5.2. GCC Countries Market Revenue, By Device Type, 2016 – 2028
        • 7.6.5.3. GCC Countries Market Revenue, By Application, 2016 – 2028
      • 7.6.6. South Africa
        • 7.6.6.1. South Africa Market Revenue, By Protocul, 2016 – 2028
        • 7.6.6.2. South Africa Market Revenue, By Device Type, 2016 – 2028
        • 7.6.6.3. South Africa Market Revenue, By Application, 2016 – 2028
      • 7.6.7. Rest of Middle-East Africa
        • 7.6.7.1. Rest of Middle-East Africa Market Revenue, By Protocul, 2016 – 2028
        • 7.6.7.2. Rest of Middle-East Africa Market Revenue, By Device Type, 2016 – 2028
        • 7.6.7.3. Rest of Middle-East Africa Market Revenue, By Application, 2016 – 2028
  • Chapter No. 8 Smart Home Devices Market – Industry Analysis
    • 8.1. Introduction
    • 8.2. Market Drivers
    • 8.3. Market Restraints
    • 8.4. Market Opportunities
    • 8.5. Porter’s Five Forces Analysis
    • 8.6. PEST Analysis
    • 8.7. Regulatory Landscape
    • 8.8. Technology Landscape
    • 8.9. Regional Market Trends
      • 8.9.1. North America
      • 8.9.2. Europe
      • 8.9.3. Asia Pacific
      • 8.9.4. Latin America
      • 8.9.5. The Middle-East and Africa
    • 8.10. Pricing Analysis
    • 8.11. Value Chain Analysis
    • 8.12. Downstream Buyers
    • 8.13. Distributors/Traders List
  • Chapter No. 9 Competitive Landscape
    • 9.1. Company Market Share Analysis – 2019
      • 9.1.1. Global Smart Home Devices Market: Company Market Share, 2019
      • 9.1.2. Global Smart Home Devices Market, Company Market Revenue, 2016 – 2019 (USD Million)
      • 9.1.3. Global Smart Home Devices Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 9.1.4. Global Smart Home Devices Market: Radar Determinant Chart, 2019
    • 9.2. Strategic Developments
      • 9.2.1. Acquisitions & Mergers
      • 9.2.2. New Product Launch
      • 9.2.3. Regional Expansion
    • 9.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 10 Company Profiles
    • 10.1. Schneider Electric
    • 10.2. Honeywell International Inc.
    • 10.3. Johnson Contruls International
    • 10.4. United Technulogies Corporation
    • 10.5. Siemens AG,
    • 10.6. Amazon, Inc.
    • 10.7. Apple, Inc.
    • 10.8. Google
    • 10.9. Samsung Electronics Co. Ltd.
    • 10.10. LG Electronics
    • 10.11. Sony
  • Chapter No. 11 Marketing Strategy Analysis
    • 11.1. Marketing Channel
    • 11.2. Direct Marketing
    • 11.3. Indirect Marketing
    • 11.4. Marketing Channel Development Trends
    • 11.5. Economic/Pulitical Environmental Change
  • Chapter No. 12 Research Methodology
    • 12.1. Research Methodology
    • 12.2. Phase I - Secondary Research
    • 12.3. Phase II - Data Modeling
      • 12.3.1. Company Share Analysis Model
      • 12.3.2. Revenue Based Modeling
    • 12.4. Phase III - Primary Research
    • 12.5. Research Limitations
      • 12.5.1. Assumptions

Table Of Figures

List of Figures 

FIG NO. 1. Market Attractiveness Analysis, By Protocol
FIG NO. 2. Market Attractiveness Analysis, By Device Type
FIG NO. 3. Market Attractiveness Analysis, By Application
FIG NO. 4. Market Attractiveness Analysis, By Region
FIG NO. 5. Global Smart Home Devices Market Revenue, 2016 – 2028 (USD Million)
FIG NO. 6. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 7. Market Revenue Share, By Protocol, 2020 & 2028
FIG NO. 8. Global Smart Home Devices Market for Wi-Fi, Revenue (USD Million) 2016 – 2028
FIG NO. 9. Comparative Revenue Analysis of Smart Home Devices Market for Wi-Fi, By Country, 2020 & 2028
FIG NO. 10. Global Smart Home Devices Market for Bluetooth, Revenue (USD Million) 2016 – 2028
FIG NO. 11. Comparative Revenue Analysis of Smart Home Devices Market for Bluetooth, By Country, 2020 & 2028
FIG NO. 12. Global Smart Home Devices Market for Others, Revenue (USD Million) 2016 – 2028
FIG NO. 13. Comparative Revenue Analysis of Smart Home Devices Market for Others, By Country, 2020 & 2028
FIG NO. 14. Market Revenue Share, By Device Type, 2020 & 2028
FIG NO. 15. Global Smart Home Devices Market for Smart Thermostat, Revenue (USD Million) 2016 – 2028
FIG NO. 16. Comparative Revenue Analysis of Smart Home Devices Market for Smart Thermostat, By Country, 2020 & 2028
FIG NO. 17. Global Smart Home Devices Market for Smart Light, Revenue (USD Million) 2016 – 2028
FIG NO. 18. Comparative Revenue Analysis of Smart Home Devices Market for Smart Light, By Country, 2020 & 2028
FIG NO. 19. Global Smart Home Devices Market for Smart TV, Revenue (USD Million) 2016 – 2028
FIG NO. 20. Comparative Revenue Analysis of Smart Home Devices Market for Smart TV, By Country, 2020 & 2028
FIG NO. 21. Global Smart Home Devices Market for Smart Lock, Revenue (USD Million) 2016 – 2028
FIG NO. 22. Comparative Revenue Analysis of Smart Home Devices Market for Smart Lock, By Country, 2020 & 2028
FIG NO. 23. Global Smart Home Devices Market for Others, Revenue (USD Million) 2016 – 2028
FIG NO. 24. Comparative Revenue Analysis of Smart Home Devices Market for Others, By Country, 2020 & 2028
FIG NO. 25. Market Revenue Share, By Application, 2020 & 2028
FIG NO. 26. Global Smart Home Devices Market for Lighting System, Revenue (USD Million) 2016 – 2028
FIG NO. 27. Comparative Revenue Analysis of Smart Home Devices Market for Lighting System, By Country, 2020 & 2028
FIG NO. 28. Global Smart Home Devices Market for Security and Access Control System, Revenue (USD Million) 2016 – 2028
FIG NO. 29. Comparative Revenue Analysis of Smart Home Devices Market for Security and Access Control System, By Country, 2020 & 2028
FIG NO. 30. Global Smart Home Devices Market for Entertainment System, Revenue (USD Million) 2016 – 2028
FIG NO. 31. Comparative Revenue Analysis of Smart Home Devices Market for Entertainment System, By Country, 2020 & 2028
FIG NO. 32. Global Smart Home Devices Market for Others, Revenue (USD Million) 2016 – 2028
FIG NO. 33. Comparative Revenue Analysis of Smart Home Devices Market for Others, By Country, 2020 & 2028
FIG NO. 34. Global Smart Home Devices Market Revenue Share, By Region, 2020 & 2028
FIG NO. 35. North America Smart Home Devices Market Revenue, 2016 - 2028 (USD Million)
FIG NO. 36. Porter’s Five Forces Analysis for Global Smart Home Devices Market
FIG NO. 37. PEST Analysis for Global Smart Home Devices Market
FIG NO. 38. Pricing Analysis for Global Smart Home Devices Market
FIG NO. 39. Value Chain Analysis for Global Smart Home Devices Market
FIG NO. 40. Company Share Analysis, 2019
FIG NO. 41. Radar Determinant Chart, 2019
FIG NO. 42. Company Strategic Developments – Heat Map Analysis
FIG NO. 43. Schneider Electric Business Segment Revenue Share, 2020 (%)
FIG NO. 44. Schneider Electric Geographical Segment Revenue Share, 2020 (%)
FIG NO. 45. Market Channels
FIG NO. 46. Marketing Channel Development Trend
FIG NO. 47. Growth in World Gross Product, 2008-2018
FIG NO. 48. Research Methodology – Detailed View
FIG NO. 49. Research Methodology
 


Table Of Tables

List of Tables 

TABLE NO. 1. Global Smart Home Devices Market: Snapshot
TABLE NO. 2. Quarterly Smart Home Devices Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Smart Home Devices Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
TABLE NO. 6. Global Smart Home Devices Market for Wi-Fi, by Region, 2016 – 2028 (USD Million)
TABLE NO. 7. Global Smart Home Devices Market for Bluetooth, by Region, 2016 – 2028 (USD Million)
TABLE NO. 8. Global Smart Home Devices Market for Others, by Region, 2016 – 2028 (USD Million)
TABLE NO. 9. Global Smart Home Devices Market for Smart Thermostat, by Region, 2016 – 2028 (USD Million)
TABLE NO. 10. Global Smart Home Devices Market for Smart Light, by Region, 2016 – 2028 (USD Million)
TABLE NO. 11. Global Smart Home Devices Market for Smart TV, by Region, 2016 – 2028 (USD Million)
TABLE NO. 12. Global Smart Home Devices Market for Smart Lock, by Region, 2016 – 2028 (USD Million)
TABLE NO. 13. Global Smart Home Devices Market for Others, by Region, 2016 – 2028 (USD Million)
TABLE NO. 14. Global Smart Home Devices Market for Lighting System, by Region, 2016 – 2028 (USD Million)
TABLE NO. 15. Global Smart Home Devices Market for Security and Access Control System, by Region, 2016 – 2028 (USD Million)
TABLE NO. 16. Global Smart Home Devices Market for Entertainment System, by Region, 2016 – 2028 (USD Million)
TABLE NO. 17. Global Smart Home Devices Market for Others, by Region, 2016 – 2028 (USD Million)
TABLE NO. 18. Global Smart Home Devices Market Revenue, By Region, 2016 – 2028 (USD Million)
TABLE NO. 19. North America Smart Home Devices Market Revenue, By Country, 2016 – 2028 (USD Million)
TABLE NO. 20. North America Smart Home Devices Market Revenue, By Protocol, 2016 – 2028 (USD Million)
TABLE NO. 21. North America Smart Home Devices Market Revenue, By Device Type, 2016 – 2028 (USD Million)
TABLE NO. 22. North America Smart Home Devices Market Revenue, By Application, 2016 – 2028 (USD Million)
TABLE NO. 23. U.S. Smart Home Devices Market Revenue, By Protocol, 2016 – 2028 (USD Million)
TABLE NO. 24. U.S. Smart Home Devices Market Revenue, By Device Type, 2016 – 2028 (USD Million)
TABLE NO. 25. U.S. Smart Home Devices Market Revenue, By Application, 2016 – 2028 (USD Million)
TABLE NO. 26. Canada Smart Home Devices Market Revenue, By Protocol, 2016 – 2028 (USD Million)
TABLE NO. 27. Canada Smart Home Devices Market Revenue, By Device Type, 2016 – 2028 (USD Million)
TABLE NO. 28. Canada Smart Home Devices Market Revenue, By Application, 2016 – 2028 (USD Million)
TABLE NO. 29. Mexico Smart Home Devices Market Revenue, By Protocol, 2016 – 2028 (USD Million)
TABLE NO. 30. Mexico Smart Home Devices Market Revenue, By Device Type, 2016 – 2028 (USD Million)
TABLE NO. 31. Mexico Smart Home Devices Market Revenue, By Application, 2016 – 2028 (USD Million)
TABLE NO. 32. Drivers for the Smart Home Devices Market: Impact Analysis
TABLE NO. 33. Restraints for the Smart Home Devices Market: Impact Analysis
TABLE NO. 34. Major Buyers of Smart Home Devices
TABLE NO. 35. Distributors/Traders List of Smart Home Devices
TABLE NO. 36. Global Smart Home Devices Market, Company Market Revenue, 2016 – 2019 (USD Million)
TABLE NO. 37. Global Smart Home Devices Market, Company Y-o-Y Growth, 2017 – 2019 (USD Million)

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FrequentlyAsked Questions

The global smart home devices market was valued at USD 68.8 Billion in 2020.
The global smart home devices market is expected to reach USD 156.6 Billion by 2028, growing at a CAGR of 11.5% between 2021 to 2028.
Some of the key factors driving the global smart home device market growth are an increase in internet users, increased adoption of smart devices, rising disposable income in developed economies, and a rise in the need to save energy and decrease carbon emission

European region held a substantial share of the global smart home devices market in 2020. This is attributable to the increasing investments in infrastructure that have been undertaken to improve the standard of living in this region. Increased demand for heating, ventilation and air conditioning systems coupled with energy management has significantly driven regional growth.

Some of the major companies operating in the global smart home devices market are Schneider Electric, Honeywell International Inc, Johnson Controls International, United Technologies Corporation, Siemens AG, Amazon Inc., Apple Inc., Google, Samsung Electronics Co. Ltd., LG Electronics, and Sony, among others.

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