Global Smart Homes Technology Market : Insights and Forecast, 2018-2024: Emphasis on Application (Safety and Security, Smart Appliances, Heating Ventilating, Air Conditioning (HVAC), Home Entertainment, Smart Lighting Systems, Smart Energy Management), Technology (Wireless and Wired Smart Home Technology), End-Users (Residential and Commercials End-Users)
- UNI2866350
- 243 Pages
- December 2018
- ICT & Media
The proliferation and smartening of IoT devices has remarkably scaled up the potential for the industry and significant amount of data or information can be stored, collected, analyzed and transmitted, helping the companies save substantial amount of money. Hence, during 2017, wireless smart technology held a prominent share of 84.3%, followed by wired technology. Wireless smart home devices market generated a revenue of US$ 27,141.3 million in 2017 and is projected to grow at a CAGR of 23.5% during the forecasted period. In addition, Wifi technology application in smart home held 60% share and garnered revenue of US$16,858.8 million in 2017. While Ethernet wired connection occupied largest share in the respective technology. During 2017, wired connection is expected to showcasing remarkable compound growth of 26.4% during the forecasted period. Based on end-users, global smart home market is segmented into residential and commercial end-users. In 2017, smart home technology was more applicable among residential end-users. The segment dominated the market and is expected to maintain its dominance throughout the analyzed period. Furthermore, depending on residential end-users, type, the market is further classified into luxury homes, mid-range apartments, assisted homes and low energy homes. During 2017, mid-range apartments occupied the largest share of 38.1%, followed by luxury apartments and luxury villas in the global smart home residential end-user segment market. Surging investments by major tech giants and venture capitalists to bring in innovation within smart home domain along with flourishing real estate sector and US recovery from subprime crisis has tremendously contributed towards the growth prospects of smart home technology worldwide.
Moreover, benefits of smart home technology can also be witnessed among commercial end-users such as hotels, hospitals and other commercial buildings. Technological breakthroughs have been successful in bringing about new shapes in the global smart home market. Smart home technology application was majorly prominent among hospitals. Based on estimation, the respective segment is projected to generate revenue of US$ 23,192.1 million by 2024 displaying tremendous CAGR of 25.4% during the forecasted period.
Moreover, strong competitiveness, flourishing IoT, spur in product development, R&D activities and dramatic uptake of technological advancements, investments by major peers, rising consumer awareness, spur in smartphone penetration have being significantly contributing in prospering the market size of smart home technology. Owing to this, the global smart home market was valued at US$ 32,171 million during 2017 and is projected to reach US$ 1,40,458.2 million by 2024. However, concerns regarding privacy and hacking, high cost involved in complex installation and high prices of smart home devices needs to be addressed globally to experience the never ending growth of smart home market. Furthermore, for better understanding of the industry the report analysis the penetration of smart home devices in different geographies and countries including North America, Europe, Asia-Pacific Latin America and Middle East and North Africa (MENA). Based on estimation, North America dominated the global smart home market, with more than 53% share in 2017. Positive impact on businesses of smart device manufactures and booming concept of Internet of Things has bolstered the growth of global smart home technology market. Europe and Asia Pacific followed North America with 24.3% and 17.9% shares respectively in 2017.
Looking at the growth prospect and consumer growing concern over home security various companies have forayed in the global smart home technology market, offering smart devices such as smart speaker, security systems, smart TVs, LEDs and switches, kitchen ware appliances and other devices. With an objective to enhance their product portfolio, the key market players have entered into various acquisitions and collaborations to expand their market reach and share. Major players profiled in the report includes Haier Electronics, Cisco Systems, Inc., Google, Amazon, Honeywell International, Crestron Electronics Inc., General Electric Company, IBM Corporation, LG Electronics Inc., Schneider Electric S.E., and Siemens AG among others.
1.1 Market Definition
1.2 Objective of the Study
1.3 Limitation
1.4 Stakeholders
1.5 Currency used in the Report
2. RESEARCH METHODOLOGY OR ASSUMPTION
2.1 Secondary Data
2.2 Key Secondary Sources
2.3 Primary Data
2.4 Sampling Techniques & Data Collection Methods
2.5 Primary Participants
3. INDUSTRY PERFORMANCE
4. EXECUTIVE SUMMARY
5. MARKET OVERVIEW
5.1 General Overview of Smart Home Market
5.1.1 Pricing Analysis of Smart Home Appliances, by Type of Cost
5.2 Market Dynamics
5.2.1 Increasing Awareness of Advanced Technology among Consumers
5.2.2 Increasing Penetration of Smartphones and internet, especially in APAC Region
5.2.3 Proliferation of Internet of Things, especially in the Emerging Region’s
5.2.4 Surging Disposable Incomes and Urbanization
5.2.5 Growing Demand for Smart Home Energy Management System
5.2.6 Development of Interconnectivity across Platforms and Devices
5.3 Market Restraints
5.3.1 Concerns regarding Privacy and Hacking
5.3.2 Complex Installation and High Price of the Smart Home products 35
5.4 Opportunities in the Market
5.4.1 Scope for Insurance companies
5.4.2 Growth opportunity for Telecom Operators
5.4.3 Emerging Business Opportunities in Asia-Pacific
5.4.4 Restoring Independence for Elders
5.5 Factor Analysis
5.5.1 Demand & Supply Side Analysis
5.5.2 Major Development & Investments in the Smart Home Market
5.5.3 Major development and new Start-ups
5.5.4 Top Investor in the Smart Home Market
6. MARKET INSIGHTS, BY APPLICATIONS
6.1 General Overview
6.1.1 Safety and Security
6.1.2 Smart Appliances
6.1.3 Heating Ventilating, Air Conditioning (HVAC)
6.1.4 Home Entertainment
6.1.5 Smart Lighting Systems
6.1.6 Smart Energy Management
7. SMART HOME MARKET INSIGHTS, BY TECHNOLOGY
7.1 General Introduction
7.2 Wireless Smart Home Technology
7.2.1 Wi-fi Technology
7.2.2 Bluetooth Technology
7.2.3 ZigBee Technology
7.2.4 Z- Wave Technology
7.2.5 Other Wireless Technology
7.3 Wired Smart Technology
7.3.1 Ethernet Technology
7.3.2 Power Line Communication
7.3.3 Fiber to Home Technology
7.3.4 Other Wired Technology
8. SMART HOME MARKET INSIGHTS, BY END-USERS
8.1 General Overview
8.2 Residential End-Users
8.2.1 Luxury Homes
8.2.2 Mid-Range Apartments/Homes
8.2.3 Assisted Homes
8.2.4 Low Energy Homes
8.3 Commercial End Users
8.3.1 Smart Hotels
8.3.2 Smart Hospitals
8.3.3 Other Commercial Buildings
9. SMART HOME MARKET INSIGHTS, BY REGION
9.1 General Introduction
9.2 North America Smart Home Market
9.2.1 North America Smart Home Market, by Application
9.2.2 North America Smart Home Market, by Technology
9.2.2.1 North America Smart Home Market, by Wireless Technology
9.2.2.2 North America Smart Home Market, by Wired Technology
9.2.3 North America Smart Home Market, by End -Users
9.2.3.1 North America Residential Smart Home Market, by Type of Buildings
9.2.3.2 North America Commercial Smart Home Market, by Type of Buildings
9.3 European Smart Home Market Insights
9.3.1 Europe Smart Home Market, by Application
9.3.2 Europe Smart Home Market, by Technology
9.3.2.1 Europe Smart Home Market, by Wireless Technology
9.3.2.2 Europe Smart Home Market, by Wired Technology
9.3.3 Europe Smart Home Market, by End -Users
9.3.3.1 Europe Residential Smart Home Market, by Type of Buildings
9.3.3.2 Europe Commercial Smart Home Market, by Type of Buildings
9.4 Asia-Pacific Smart Home Market Insights
9.4.1 Asia Pacific Smart Home Market, by Application
9.4.2 Asia Pacific Smart Home Market, by Technology
9.4.2.1 Asia Pacific Smart Home Market, by Wireless Technology
9.4.2.2 Asia Pacific Smart Home Market, by Wired Technology
9.4.3 Asia Pacific Smart Home Market, by End -Users
9.4.3.1 Asia Pacific Residential Smart Home Market, by Type of Buildings
9.4.3.2 Asia Pacific Commercial Smart Home Market, by Type of Buildings
9.5 Middle East & North Africa Smart Home Market Insights
9.5.1 MENA Smart Home Market, by Application
9.5.2 MENA Smart Home Market, by Technology
9.5.2.1 MENA Smart Home Market, by Wireless Technology
9.5.2.2 MENA Smart Home Market, by Wired Technology
9.5.3 MENA Smart Home Market, by End -Users
9.5.3.1 MENA Residential Smart Home Market, by Type of Buildings
9.5.3.2 MENA Commercial Smart Home Market, by Type of Buildings
9.6 Latin America Smart Home Market Insights
9.6.1 Latin America Smart Home Market, by Application
9.6.2 Latin America Smart Home Market, by Technology
9.6.2.1 Latin America Smart Home Market, by Wireless Technology
9.6.2.2 Latin America Smart Home Market, by Wired Technology
9.6.3 Latin America Smart Home Market, by End -Users
9.6.3.1 Latin America Residential Smart Home Market, by Type of Buildings
9.6.3.2 Latin America Commercial Smart Home Market, by Type of Buildings
10. COMPETITIVE SCENARIO
10.1 Porter’s five forces analysis
10.1.1 Bargaining Power of Suppliers
10.1.2 Bargaining Power of Buyers
10.1.3 Threat of New Entrants
10.1.4 Threat of Substitutes
10.1.5 Intensity of Rivalry
10.2 Global Smart Home Market Share Analysis, 2017
10.2.1 Smart Safety & Security Market Share, by Company 2017
10.2.2 Smart Home Entertainment Appliances Market Share, by Company 2017
10.2.3 Lighting & Control System Market Share, by Company 2017
10.2.4 Smart Thermostats & Home Appliances Market Share, by Company 2017
11. COMPANY PROFILES
11.1 Haier Electronics
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Key Product/Services Offerings
11.1.4 SWOT Analysis
11.1.5 Key Financials
11.1.5.1 Revenue Split
11.1.6 Recent Developments
11.2 ABB Limited
11.3 Acuity Brands, Inc.
11.4 AMX, LLC
11.5 ASSA ABLOY
11.6 Cisco Systems, Inc.
11.7 Control4 Corporation
11.8 Crestron Electronics Inc.
11.9 Deutsche Telekom AG
11.10 Emerson Electric Co.
11.11 General Electric Company
11.12 Honeywell International Inc.
11.13 IBM Corporation
11.14 LG Electronics Inc.
11.15 Monitronics International Inc.
11.16 Schneider Electric S.E.
11.17 Siemens AG
11.18 Samsung Electronics Co., Ltd.
11.19 United Technologies Corporation
11.20 Vivint, Inc.
TABLE 2 Comparative Analysis on Wireless Technology, Z-Wave, ZigBee and Bluetooth Mesh 73
TABLE 3 Haier Electronics Key Facts 140
TABLE 4 Product segmentation of Haier Electronics 141
TABLE 5 Haier Electronics Growth Strategy 141
TABLE 6 Haier Electronics Financials, US$ Mn 142
TABLE 7 ABB Limited Key Facts 144
TABLE 8 Product Segmentation of ABB Limited 145
TABLE 9 ABB Limited Growth Strategy 145
TABLE 10 ABB Limited Financials, US$ Mn 146
TABLE 11 Acuity Brands SE Key Facts 149
TABLE 12 Product segmentation of Acuity Brands, Inc. 150
TABLE 13 Acuity Brands, Inc. Growth Strategy 150
TABLE 14 Acuity Brands, Inc. Financials, US$ Mn 151
TABLE 15 AMX, LLC Key Facts 153
TABLE 16 Product Segmentation of AMX, LLC 154
TABLE 17 AMX, LLC Growth Strategy 154
TABLE 18 ASSA ABLOY Key Facts 156
TABLE 19 Product Segmentation of ASSA ABLOY 157
TABLE 20 ASSA ABLOY Growth Strategy 157
TABLE 21 ASSA ABLOY Financials, US$ Mn 158
TABLE 22 Cisco Systems, Inc. Key Facts 160
TABLE 23 Product Segmentation of Cisco Systems 161
TABLE 24 Cisco Systems Growth Strategy 161
TABLE 25 Cisco Systems Financials, US$ Mn 162
TABLE 26 Control4 Corporation Key Facts 164
TABLE 27 Product Segmentation of Control4 Corporation 165
TABLE 28 Control4 Corporation Growth Strategy 165
TABLE 29 Control4 Corporation Financials, US$ Mn 166
TABLE 30 Crestron Electronics, Inc. Key Facts 168
TABLE 31 Product Segmentation of Crestron Electronics, Inc. 169
TABLE 32 Crestron Electronics, Inc. Growth Strategy 169
TABLE 33 Deutsche Telekom AG Key Facts 171
TABLE 34 Product Segmentation of Deutsche Telekom AG 172
TABLE 35 Deutsche Telekom AG Growth Strategy 172
TABLE 36 Deutsche Telekom AG Financials, US$ Mn 173
TABLE 37 TABLE 1 Emerson Electric Co. Key Facts 175
TABLE 38 Product Segmentation of Emerson Electric Co. 176
TABLE 39 Emerson Electric Co. Growth Strategy 176
TABLE 40 Emerson Electric Co. Financials, US$ Mn 177
TABLE 41 General Electric Company Key Facts 179
TABLE 42 Product Segmentation of General Electric 180
TABLE 43 General Electric Growth Strategy 180
TABLE 44 General Electric Financials, US$ Mn 181
TABLE 45 Honeywell International Key Facts 184
TABLE 46 Product Segmentation of Honeywell International 185
TABLE 47 Honeywell International, Growth Strategy 185
TABLE 48 Honeywell International Financials, US$ Mn 186
TABLE 49 IBM Corporation Key Facts 189
TABLE 50 Product Segmentation of IBM Corporation 189
TABLE 51 IBM Corporation Growth Strategy 190
TABLE 52 IBM Corporation Financials, US$ Mn 191
TABLE 53 LG Electronics Inc. Key Facts 193
TABLE 54 Product Segmentation of LG Electronics Inc. 193
TABLE 55 LG Electronics Inc. Growth Strategy 194
TABLE 56 LG Electronics Inc. Financials, US$ Mn 195
TABLE 57 Monitronics International Inc. Key Facts 197
TABLE 58 Product Segmentation of Monitronics International 198
TABLE 59 Monitronics International Growth Strategy 198
TABLE 60 Monitronics International Financials, US$ Mn 199
TABLE 61 Schneider Electric S.E. Key Facts 200
TABLE 62 Product Segmentation of Schneider Electric S.E. 201
TABLE 63 Schneider Electric S.E. Growth Strategy 201
TABLE 64 Schneider Electric S.E. Financials, US$ Mn 202
TABLE 65 Siemens AG Key Facts 204
TABLE 66 Product Segmentation of Siemens AG 204
TABLE 67 Siemens AG Growth Strategy 205
TABLE 68 Siemens AG Financials, US$ Mn 206
TABLE 69 Samsung Electronics Key Facts 208
TABLE 70 Product Segmentation of Samsung Electronics 209
TABLE 71 Samsung Electronics Growth Strategy 209
TABLE 72 Samsung Electronics Financials, US$ Mn 210
TABLE 73 United Technologies Key Facts 213
TABLE 74 Product Segmentation of United Technologies 214
TABLE 75 United Technologies Growth Strategy 214
TABLE 76 United Technologies Financials, US$ Mn 215
TABLE 77 Vivint, Inc. Key Facts 217
TABLE 78 Product Segmentation of Vivint, Inc. 217
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