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Connected Home Appliance Market in the US 2016-2020

Connected Home Appliance Market in the US 2016-2020

About Connected Home Appliances

Smart home appliances allow users to monitor and control household activities from a remote location. These appliances allow for a convenient lifestyle and enhance the quality of life. They conserve energy and, therefore, help reduce electricity bills.

Connected home appliance companies are focusing on the untapped consumer segments to boost market revenue. The market is expected to witness rapid growth in the forecast period due to the increased awareness of connected devices.

Technavio’s analysts forecast the connected home appliance market in the US to grow at a CAGR of 39.47% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the connected home appliance market in the US 2016-2020. To calculate the market size, the report considers the revenue generated from the connected services provided by telecom operators, Internet service providers, managed service providers, and equipment providers for smart appliances.

Key vendors

  • ARRIS
  • AT&T
  • Comcast
  • Honeywell
  • Samsung
Other prominent vendors
  • Bosch
  • Control4
  • Dacor
  • Electrolux
  • Frigidaire
  • GE
  • Haier
  • iControl Networks
  • Ingersoll-Rand
  • LG
  • Panasonic
  • Sprint
  • Thermador
  • Vivint
  • Whirlpool
Market driver
  • High availability of home broadband connectivity
  • For a full, detailed list, view our report
Market challenge
  • Lack of standardization and interoperability of devices
  • For a full, detailed list, view our report
Market trend
  • Increased adoption of cloud-based technologies
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Connected Home Appliance Market in the US 2016-2020

Technavio recognizes the following companies as the key players in the Connected Home Appliance Market in the US: ARRIS, AT&T, Comcast, Honeywell, and Samsung.

Other Prominent Vendors in the market are: Bosch, Control4, Dacor, Electrolux, Frigidaire, GE, Haier, iControl Networks, Ingersoll-Rand, LG, Panasonic, Sprint, Thermador, Vivint, and Whirlpool.

Commenting on the report, an analyst from Technavio’s team said: “One trend inciting market growth is the use of Bluetooth and low-power Wi-Fi to operate smart home products. Low-power Wi-Fi has its significance with the combination of two products: Roost (a connected battery) and Homeboy (a rechargeable security camera). Roost converts a smoke detector into a connected smoke detector working through the low-power Wi-Fi IP, which is built as per the standard protocol. The main advantage is the easier and the fast communication that occurs due to Bluetooth technology, unlike Wi-Fi that consumes time due to cloud networking for transferring and retrieving the information.”

According to the report, one driver leading to the growth of this market will be the rising smartphone penetration. The US is the world's largest 4G market. Currently, it has 80% smartphone adoption rate with respect to its population. Increasing smartphone data usage is driving the connected home appliances market in remote monitoring and controlling of the devices.

Further, the report states that a major challenge for this market will be the lack of awareness and understanding of connected devices. The market is facing high end-consumer conservatism in terms of smart home technology. Consumers are unaware of the latest technological advances and the possible benefits. Therefore, in most cases, they are apprehensive about embracing smart home technology.

Companies Mentioned

ARRIS, AT&T, Comcast, Honeywell, Samsung, Bosch, Control4, Dacor, Electrolux, Frigidaire, GE, Haier, iControl Networks, Ingersoll-Rand, LG, Panasonic, Sprint, Thermador, Vivint, Whirlpool.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top vendor offerings
      • Table Vendor offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Smart home services
      • Table Evolution of smart home services
      • Table Smart home scenario in US 2015-2020 (millions)
      • Table Smart home penetration rate in US 2016-2020
      • Table Estimated penetration of various segments in smart home M2M market 2020
      • Table Estimated penetration of smart home appliance segments 2020
      • Table Smart home value chain
    • Market size and forecast
      • Table Connected home appliance market in US 2015-2020 ($ billions)
      • Table Smart home appliance unit shipments 2015-2020 (millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market drivers
    • Table Smartphone penetration in US 2011-2015
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive scenario
    • Mergers and acquisitions
    • Key vendor analysis
      • Table ARRIS: Business segmentation by revenue 2015
      • Table ARRIS: Business segmentation by revenue 2014 and 2015 ($ billions)
      • Table ARRIS: Geographical segmentation by revenue 2015
      • Table AT&T: Business segmentation by revenue 2015
      • Table AT&T: Revenue segmentation by operating segment 2015
      • Table AT&T: Geographical segmentation by revenue 2015
      • Table Package offerings
      • Table Comcast: Business segmentation by revenue 2015
      • Table Comcast: Packages
      • Table Honeywell International: Business segmentation by net sales 2015
      • Table Honeywell International: Business segmentation by net sales 2015 and 2014 ($billions)
      • Table Honeywell International: Geographical segmentation by net sales 2015
      • Table Samsung: Business segmentation 2014
      • Table Samsung: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table Samsung: Geographical segmentation by revenue 2014
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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