Smart Homes

Smart Homes

Global Smart Homes Market to Reach $181.9 Billion by 2027

Amid the COVID-19 crisis, the global market for Smart Homes estimated at US$72.8 Billion in the year 2020, is projected to reach a revised size of US$181.9 Billion by 2027, growing at a CAGR of 14% over the analysis period 2020-2027. Lighting Control, one of the segments analyzed in the report, is projected to record a 13.7% CAGR and reach US$55.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Security and Access Control segment is readjusted to a revised 14.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $21.5 Billion, While China is Forecast to Grow at 13.5% CAGR

The Smart Homes market in the U.S. is estimated at US$21.5 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$31.7 Billion by the year 2027 trailing a CAGR of 13.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.3% and 12% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10.3% CAGR.

HVAC Control Segment to Record 14.2% CAGR

In the global HVAC Control segment, USA, Canada, Japan, China and Europe will drive the 14% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$17.3 Billion in the year 2020 will reach a projected size of US$43.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$21.7 Billion by the year 2027.

Select Competitors (Total 43 Featured) -

  • Cisco Systems, Inc.
  • Control4 Corporation
  • Cortexa Automation, LLC
  • Crestron Electronics, Inc.
  • Emersion Electric Co.
  • FortrezZ
  • Guardian Protection Services, Inc.
  • Home Automated Living, Inc.
  • Honeywell International, Inc.
  • Lutron Electronics Co., Inc.
  • Monster, Inc.
  • Savant Systems LLC
  • Simply Automated Incorporated
  • Smarthome, Inc.
  • United Technologies Corporation (UTC)
  • Universal Devices, Inc.
  • Vivint, Inc.
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I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
TABLE 1: World Current & Future Analysis for Smart Homes by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
TABLE 2: World 7-Year Perspective for Smart Homes by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2020 & 2027
TABLE 3: World Current & Future Analysis for Lighting Control by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
TABLE 4: World 7-Year Perspective for Lighting Control by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
TABLE 5: World Current & Future Analysis for Security and Access Control by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
TABLE 6: World 7-Year Perspective for Security and Access Control by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
TABLE 7: World Current & Future Analysis for HVAC Control by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
TABLE 8: World 7-Year Perspective for HVAC Control by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
TABLE 9: World Current & Future Analysis for Entertainment Control by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
TABLE 10: World 7-Year Perspective for Entertainment Control by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
III. MARKET ANALYSIS
UNITED STATES
TABLE 11: USA Current & Future Analysis for Smart Homes by Application - Lighting Control, Security and Access Control, HVAC Control and Entertainment Control - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 12: USA 7-Year Perspective for Smart Homes by Application - Percentage Breakdown of Value Sales for Lighting Control, Security and Access Control, HVAC Control and Entertainment Control for the Years 2020 & 2027
CANADA
TABLE 13: Canada Current & Future Analysis for Smart Homes by Application - Lighting Control, Security and Access Control, HVAC Control and Entertainment Control - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 14: Canada 7-Year Perspective for Smart Homes by Application - Percentage Breakdown of Value Sales for Lighting Control, Security and Access Control, HVAC Control and Entertainment Control for the Years 2020 & 2027
JAPAN
TABLE 15: Japan Current & Future Analysis for Smart Homes by Application - Lighting Control, Security and Access Control, HVAC Control and Entertainment Control - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 16: Japan 7-Year Perspective for Smart Homes by Application - Percentage Breakdown of Value Sales for Lighting Control, Security and Access Control, HVAC Control and Entertainment Control for the Years 2020 & 2027
CHINA
TABLE 17: China Current & Future Analysis for Smart Homes by Application - Lighting Control, Security and Access Control, HVAC Control and Entertainment Control - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 18: China 7-Year Perspective for Smart Homes by Application - Percentage Breakdown of Value Sales for Lighting Control, Security and Access Control, HVAC Control and Entertainment Control for the Years 2020 & 2027
EUROPE
TABLE 19: Europe Current & Future Analysis for Smart Homes by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
TABLE 20: Europe 7-Year Perspective for Smart Homes by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2020 & 2027
TABLE 21: Europe Current & Future Analysis for Smart Homes by Application - Lighting Control, Security and Access Control, HVAC Control and Entertainment Control - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 22: Europe 7-Year Perspective for Smart Homes by Application - Percentage Breakdown of Value Sales for Lighting Control, Security and Access Control, HVAC Control and Entertainment Control for the Years 2020 & 2027
FRANCE
TABLE 23: France Current & Future Analysis for Smart Homes by Application - Lighting Control, Security and Access Control, HVAC Control and Entertainment Control - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 24: France 7-Year Perspective for Smart Homes by Application - Percentage Breakdown of Value Sales for Lighting Control, Security and Access Control, HVAC Control and Entertainment Control for the Years 2020 & 2027
GERMANY
TABLE 25: Germany Current & Future Analysis for Smart Homes by Application - Lighting Control, Security and Access Control, HVAC Control and Entertainment Control - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 26: Germany 7-Year Perspective for Smart Homes by Application - Percentage Breakdown of Value Sales for Lighting Control, Security and Access Control, HVAC Control and Entertainment Control for the Years 2020 & 2027
ITALY
TABLE 27: Italy Current & Future Analysis for Smart Homes by Application - Lighting Control, Security and Access Control, HVAC Control and Entertainment Control - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 28: Italy 7-Year Perspective for Smart Homes by Application - Percentage Breakdown of Value Sales for Lighting Control, Security and Access Control, HVAC Control and Entertainment Control for the Years 2020 & 2027
UNITED KINGDOM
TABLE 29: UK Current & Future Analysis for Smart Homes by Application - Lighting Control, Security and Access Control, HVAC Control and Entertainment Control - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 30: UK 7-Year Perspective for Smart Homes by Application - Percentage Breakdown of Value Sales for Lighting Control, Security and Access Control, HVAC Control and Entertainment Control for the Years 2020 & 2027
REST OF EUROPE
TABLE 31: Rest of Europe Current & Future Analysis for Smart Homes by Application - Lighting Control, Security and Access Control, HVAC Control and Entertainment Control - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 32: Rest of Europe 7-Year Perspective for Smart Homes by Application - Percentage Breakdown of Value Sales for Lighting Control, Security and Access Control, HVAC Control and Entertainment Control for the Years 2020 & 2027
ASIA-PACIFIC
TABLE 33: Asia-Pacific Current & Future Analysis for Smart Homes by Application - Lighting Control, Security and Access Control, HVAC Control and Entertainment Control - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 34: Asia-Pacific 7-Year Perspective for Smart Homes by Application - Percentage Breakdown of Value Sales for Lighting Control, Security and Access Control, HVAC Control and Entertainment Control for the Years 2020 & 2027
REST OF WORLD
TABLE 35: Rest of World Current & Future Analysis for Smart Homes by Application - Lighting Control, Security and Access Control, HVAC Control and Entertainment Control - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 36: Rest of World 7-Year Perspective for Smart Homes by Application - Percentage Breakdown of Value Sales for Lighting Control, Security and Access Control, HVAC Control and Entertainment Control for the Years 2020 & 2027
IV. COMPETITION
Total Companies Profiled: 43

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