Smart Home Market Trend, Share, Growth, Size, Analysis and Forecast 2026
Smart Home Market Size - By Product (Smart Kitchen, Security & Access Control, Lighting Control, Home Healthcare, HVAC Control, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020-2026
| Market Size in 2020 | Market Forecast in 2026 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 85.6 Billion | USD 137.9 Billion | 10.4% | 2020 |
Table Of Content
- Chapter 1. Preface
- 1.1. Report description and scope
- 1.2. Research scope
- 1.3. Research methodology
- 1.3.1. Market research process
- 1.3.2. Market research methodology
- Chapter 2. Executive Summary
- 2.1. Global smart home market , 2016 - 2022, (USD Billion)
- 2.2. Smart home market : Market snapshot
- Chapter 3. Global Smart home market – Industry Analysis
- 3.1. Smart home market : Market dynamics
- 3.2. Market Drivers
- 3.2.1. Rising need of energy efficient solution
- 3.3. Restraints
- 3.3.1. High installation cost
- 3.3.2. Limited consumer demand
- 3.4. Opportunity
- 3.4.1. High end devices coupled with technologically advanced features
- 3.5. Porter’s Five Forces Analysis
- 3.6. Market Attractiveness Analysis
- 3.6.1. Market attractiveness analysis by product segment
- 3.6.2. Market attractiveness analysis by regional segment
- Chapter 4. Global Smart Home Market - Competitive Landscape
- 4.1. Company market share analysis, 2016 (Subject to data availability)
- Chapter 5. Global Smart Home Market –Product Segment Analysis
- 5.1. Global smart home market revenue share, by product, 2016 & 2022
- 5.2. Global smart home market by smart kitchen, 2016-2022(USD Billion)
- 5.3. Global smart home market by security & access control, 2016-2022(USD Billion)
- 5.4. Global smart home market by lighting control, 2016-2022(USD Billion)
- 5.5. Global smart home market by home healthcare, 2016-2022(USD Billion)
- 5.6. Global smart home market by HAVC, 2016-2022(USD Billion)
- 5.7. Global smart home market by others, 2016-2022(USD Billion)
- Chapter 6. Global Smart Home Market – Software Segment Analysis
- 6.1. Global smart home market revenue share, by software, 2016 & 2022
- 6.2. Global smart home market by behavior, 2016-2022(USD Billion)
- 6.3. Global smart home market by proactive, 2016-2022(USD Billion)
- Chapter 7. Global Smart Home Market - Regional Analysis
- 7.1. Global smart home market : Regional overview
- 7.1.1. Global smart home market revenue share, by region, 2016 and 2022
- 7.2. North America
- 7.2.1. North America smart home market revenue, by product 2016 – 2022 (USD Billion)
- 7.2.2. North America smart home market revenue, by software, 2016 – 2022 (USD Billion)
- 7.3. Europe
- 7.3.1. Europe smart home market revenue, by product, 2016 – 2022 (USD Billion)
- 7.3.2. Europe smart home market revenue, by software, 2016– 2022 (USD Billion)
- 7.4. Asia Pacific
- 7.4.1. Asia-Pacific smart home market revenue, by product, 2016 – 2022 (USD Billion)
- 7.4.2. Asia-Pacific smart home market revenue, by software, 2016 – 2022 (USD Billion)
- 7.5. Latin America
- 7.5.1. Latin America smart home market revenue, by product, 2016– 2022 (USD Billion)
- 7.5.2. Latin America smart home market revenue, by software, 2016– 2022 (USD Billion)
- 7.6. Middle East & Africa
- 7.6.1. Middle East & Africa smart home market revenue, by product, 2016 – 2022 (USD Billion)
- 7.6.2. Middle East & Africa smart home market revenue, by software, 2016 – 2022 (USD Billion)
- 7.1. Global smart home market : Regional overview
- Chapter 8. Company Profiles
- 8.1. Ingersoll-Rand plc.
- 8.1.1. Overview
- 8.1.2. Financials
- 8.1.3. Product portfolio
- 8.1.4. Business strategy
- 8.1.5. Recent developments
- 8.2. Legrand
- 8.2.1. Overview
- 8.2.2. Financials
- 8.2.3. Product portfolio
- 8.2.4. Business strategy
- 8.2.5. Recent developments
- 8.3. Siemens AG
- 8.3.1. Overview
- 8.3.2. Financials
- 8.3.3. Product portfolio
- 8.3.4. Business strategy
- 8.3.5. Recent developments
- 8.4. Johnson Controls Inc.
- 8.4.1. Overview
- 8.4.2. Financials
- 8.4.3. Product portfolio
- 8.4.4. Business strategy
- 8.4.5. Recent developments
- 8.5. Schneider Electric SE
- 8.5.1. Overview
- 8.5.2. Financials
- 8.5.3. Product portfolio
- 8.5.4. Business strategy
- 8.5.5. Recent development
- 8.6. ABB Ltd.
- 8.6.1. Overview
- 8.6.2. Financials
- 8.6.3. Product portfolio
- 8.6.4. Business strategy
- 8.6.5. Recent developments
- 8.7. Acuity Brands, Inc.
- 8.7.1. Overview
- 8.7.2. Financials
- 8.7.3. Product portfolio
- 8.7.4. Business strategy
- 8.7.5. Recent developments
- 8.8. United Technologies Corporation
- 8.8.1. Overview
- 8.8.2. Financials
- 8.8.3. Product portfolio
- 8.8.4. Business strategy
- 8.8.5. Recent developments
- 8.9. Samsung Electronics Co.
- 8.9.1. Overview
- 8.9.2. Financials
- 8.9.3. Product portfolio
- 8.9.4. Business strategy
- 8.9.5. Recent developments
- 8.10. Nest Labs, Inc.
- 8.10.1. Overview
- 8.10.2. Financials
- 8.10.3. Product portfolio
- 8.10.4. Business strategy
- 8.10.5. Recent developments
- 8.11. Honeywell International Inc.
- 8.11.1. Overview
- 8.11.2. Financials
- 8.11.3. Product portfolio
- 8.11.4. Business strategy
- 8.11.5. Recent developments
- 8.12. Crestron Electronics, Inc.
- 8.12.1. Overview
- 8.12.2. Financials
- 8.12.3. Product portfolio
- 8.12.4. Business strategy
- 8.12.5. Recent developments
- 8.1. Ingersoll-Rand plc.
Table Of Figures
List of Figures
1. Global smart home market segmentation by product, service product, software, and geography
2. Global smart home market, 2016 - 2022 (USD Billion)
3. Porter’s five forces analysis: Smart home market
4. Global smart home market attractiveness, by product, 2016
5. Global smart home market attractiveness, by software, 2016
6. Global smart home market attractiveness, by region, 2016
7. Global smart home market revenue share, by product, 2016 & 2022
8. Global smart home market by smart kitchen, 2016-2022(USD Billion)
9. Global smart home market by security & access control, 2016-2022(USD Billion)
10. Global smart home market by lighting control, 2016-2022(USD Billion)
11. Global smart home market by home healthcare, 2016-2022(USD Billion)
12. Global smart home market by HVAC control, 2016-2022(USD Billion)
13. Global smart home market by others, 2016-2022(USD Billion)
14. Global smart home market revenue share, by software 2016 & 2022
15. Global smart home market for behavior, 2016-2022(USD Billion)
16. Global smart home market for proactive, 2016 – 2022 (USD Billion)
17. Global smart home market revenue share, by region, 2016 - 2022
18. North America smart home market, 2016 - 2022, (USD Billion)
19. Europe smart home market, 2016 - 2022, (USD Billion)
20. Asia Pacific smart home market, 2016 - 2022(USD Billion)
21. Latin America smart home market, 2016-2022 (USD Billion)
22. Middle East & Africa smart home market , 2016 – 2022, (USD Billion)
Table Of Tables
List of Tables
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1. Global smart home market snapshot
2. Drivers for smart home market: Impact analysis
3. Restraints of smart home market: Impact analysis
4. North America smart home market revenue, by product, 2016 – 2022 (USD Billion)
5. North America smart home market revenue, by software, 2016 – 2022 (USD Billion)
6. Europe smart home market revenue, by product, 2016 – 2022 (USD Billion)
7. Europe smart home market revenue, by software, 2016 – 2022 (USD Billion)
8. Asia-Pacific smart home market revenue, by product, 2016 – 2022 (USD Billion)
9. Asia-Pacific smart home market revenue, by software, 2016 – 2022 (USD Billion)
10. Latin America smart home market revenue, by product, 2016 – 2022 (USD Billion)
11. Latin America smart home market revenue, by software, 2016 – 2022 (USD Billion)
12. The Middle East & Africa smart home market revenue, by product, 2016 – 2022 (USD Billion)
13. The Middle East & Africa smart home market revenue, by software, 2016 – 2022 (USD Billion)
Methodology
FrequentlyAsked Questions
Escalating customer preference for saving energy and optimizing the utility of the available resources will proliferate the market size over the forecast timespan. Apparently, need for intense security is likely to further steer the demand for smart homes over the forthcoming years. Massive use of wireless systems like HVAC controller and access regulators in home constructions will promulgate the expansion of the smart home industry over the assessment period. With real estate industry experiencing a boom in recent years, the smart home market growth is likely to gain a boost in the next decade. Shifting demographic trends along with the escalating requirement for safeguarding the environment from pollution will help the market scale up to new heights of growth over the forecasting timeline.
According to the report, the smart home market size is expected to reach USD 137.9 billion by 2026 from USD 85.6 billion in 2021, at a CAGR of 10.4% during the forecast period.
North America is likely to make noteworthy contributions towards overall market revenue over forecast timeline. The regional market growth over 2020-2026 can be credited to rise in the acceptance of smart products in the U.S. households. Moreover, growing trend among the individuals for home healthcare as well as medical care facilities at homes in the countries like the U.S. and Canada will further steer the market trends in the region. Apart from this, rise in the presence of the firms producing smart home devices in the North American countries will contribute notably towards regional market revenue over the years ahead.
The key players profiled in the report include United Technologies Corporation, ABB Ltd., Legrand, Honeywell International Inc., Siemens AG, Samsung Electronics Co., Ltd., Johnson Controls Inc., Nest Labs, Inc., Ingersoll-Rand plc, Schneider Electric SE, Acuity Brands, Inc., and Crestron Electronics Inc.
Smart Kitchen, Security & Access Control, Lighting Control, Home Healthcare, HVAC Control, etc are most influencing segments growing in this Smart Home Market Report.
Integration of artificial intelligence (AI) with smart home systems, penetration of 5G in industrial manufacturing, integration of IoT and cloud connectivity with smart home devices, and adoption of adaptive learning technology to improve the capabilities of HVAC control devices are the key technologies that are altering the global smart home landscape.
A smart home is a domicile that is outfitted with computing and information technology gadgets that anticipate and respond to the residents' requirements. Upgraded technologies within these residences ensure the comfort, convenience, security, and entertainment of their residents. The notion of "smart houses" has been around for quite some time; currently, the smart home market by a number of innovations and is subject to a variety of regulatory requirements. Smart homes feature remotely monitorable automated equipment for applications such as security and access management, lighting control, HVAC control, entertainment control, home healthcare, smart kitchens, and home appliances.
A smart home is a living area that is outfitted with a variety of gadgets, sensors, and systems that are connected to the internet and allow for remote monitoring, control, and automation of many aspects of the home. This type of living space is also known as a "smart home." Homeowners are able to remotely operate and monitor these devices and systems by using a smartphone app, voice commands, or other techniques.
Because these devices and systems are able to connect with one another and with the internet, they can also communicate with each other. Devices and systems for the smart home can range from voice-activated assistants to smart appliances and home automation systems. Some examples of smart home devices and systems are voice-controlled thermostats, lighting systems, and security cameras. They can be used to manage and monitor a variety of components of the home, such as the temperature, the lighting, the security, the entertainment, and the amount of energy utilized.
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