Global Smart Home Market 2020-2024

Global Smart Home Market 2020-2024Technavio has been monitoring the global smart home market and it is poised to grow by USD 65.95 bn during 2020-2024, progressing at a CAGR of 17% during the forecast period. Our reports on global smart home market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by developments in connectivity technologies. In addition, growing consumer interest in home automation is anticipated to boost the growth of the global smart home market as well.

Market Segmentation

Technavio's global smart home market is segmented as below:

Application:

  • Home Entertainment
  • Smart Appliances
  • Energy Management
  • Lighting Control System And HVAC
  • Safety and Security System
Geographic Segmentation:
  • APAC
  • Europe
  • MEA
  • North America
  • South America
Key Trends for global smart home market growth

This study identifies growing consumer interest in home automation as the prime reasons driving the global smart home market growth during the next few years.

Prominent vendors in global smart home market

We provide a detailed analysis of around 25 vendors operating in the global smart home market 2020-2024, including some of the vendors such as Alphabet Inc., Allegion Plc, Amazon.com Inc., Apple Inc., ASSA ABLOY AB, General Electric Co., Honeywell International Inc., Panasonic Corp., Samsung Electronics Co Ltd. and Schneider Electric SE.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

About Technavio

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.


  • Executive Summary
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market characteristics
    • Value chain analysis
  • Market Sizing
    • Market definition
      • Table Product / Service portfolio of key vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2019
    • Market outlook: Forecast for 2019 - 2024
      • Table Global - Market size and forecast 2019 - 2024 ($ Billion)
      • Table Global market: Year-over-year growth 2019 - 2024 (%)
  • Five Forces Analysis
    • Five Forces Summary
      • Table Five forces analysis 2019 & 2024
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2019
  • Market Segmentation by Application
    • Market segments
      • Table Application - Market share 2019-2024 (%)
    • Comparison by Application
      • Table Comparison by Application
    • Home entertainment - Market size and forecast 2019-2024
      • Table Home entertainment - Market size and forecast 2019-2024 ($ billion)
      • Table Home entertainment - Year-over-year growth 2019-2024 (%)
    • Smart appliances - Market size and forecast 2019-2024
      • Table Smart appliances - Market size and forecast 2019-2024 ($ billion)
      • Table Smart appliances - Year-over-year growth 2020-2024 (%)
    • Energy management - Market size and forecast 2019-2024
      • Table Energy management - Market size and forecast 2019-2024 ($ billion)
      • Table Energy management - Year-over-year growth 2020-2024 (%)
    • Lighting control system and HVAC - Market size and forecast 2019-2024
      • Table Lighting control system and HVAC - Market size and forecast 2019-2024 ($ billion)
      • Table Lighting control system and HVAC - Year-over-year growth 2020-2024 (%)
    • Safety and security system - Market size and forecast 2019-2024
      • Table Safety and security system - Market size and forecast 2019-2024 ($ billion)
      • Table Safety and security system - Year-over-year growth 2020-2024 (%)
    • Market opportunity by Application
      • Table Market opportunity by Application
  • Customer landscape
    • Overview
      • Table Customer landscape
  • Geographic Landscape
    • Geographic segmentation
      • Table Market share by geography 2019-2024 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2019- 2024
      • Table North America - Market size and forecast 2019-2024 ($ billion)
      • Table North America - Year-over-year growth 2020-2024 (%)
    • Europe - Market size and forecast 2019-2024
      • Table Europe - Market size and forecast 2019-2024 ($ billion)
      • Table Europe - Year-over-year growth 2020-2024 (%)
    • APAC - Market size and forecast 2019-2024
      • Table APAC - Market size and forecast 2019-2024 ($ billion)
      • Table APAC - Year-over-year growth 2020-2024 (%)
    • MEA - Market size and forecast 2019-2024
      • Table MEA - Market size and forecast 2019-2024 ($ billion)
      • Table MEA - Year-over-year growth 2020-2024 (%)
    • South America - Market size and forecast 2019- 2024
      • Table South America - Market size and forecast 2019-2024 ($ billion)
      • Table South America - Year-over-year growth 2020-2024 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity by geography
      • Table Market opportunity by geography ($ billion)
  • Drivers, Challenges, and Trends
    • Volume driver - Demand led growth
      • Developments in connectivity technologies
      • Increase in crowdfunding campaigns
      • Growing consumer interest in home automation
    • Market challenges
      • Increase in issues related to interoperability
      • Growing security and privacy concerns
      • Need for network coverage
        • Table Impact of drivers and challenges
    • Market trends
      • Rising number of strategic partnerships and alliances
      • Increasing development of technologically advanced products
      • Growing adoption of IoT devices
  • Vendor Landscape
    • Overview
    • Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
      • Table Industry risks
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Alphabet Inc.
      • Table Alphabet Inc. - Overview
      • Table Alphabet Inc. - Business segments
      • Table Alphabet Inc. - Key news
      • Table Alphabet Inc. - Key offerings
      • Table Alphabet Inc. - Segment focus
    • Allegion Plc
      • Table Allegion Plc - Overview
      • Table Allegion Plc - Business segments
      • Table Allegion Plc - Key news
      • Table Allegion Plc - Key offerings
    • Amazon.com Inc.
      • Table Amazon.com Inc. - Overview
      • Table Amazon.com Inc. - Business segments
      • Table Amazon.com Inc. - Key news
      • Table Amazon.com Inc. - Key offerings
      • Table Amazon.com Inc. - Segment focus
    • Apple Inc.
      • Table Apple Inc. - Overview
      • Table Apple Inc. - Product and service
      • Table Apple Inc. - Key news
      • Table Apple Inc. - Key offerings
      • Table Apple Inc. - Segment focus
    • ASSA ABLOY AB
      • Table ASSA ABLOY AB - Overview
      • Table ASSA ABLOY AB - Business segments
      • Table ASSA ABLOY AB - Key news
      • Table ASSA ABLOY AB - Key offerings
      • Table ASSA ABLOY AB - Segment focus
    • General Electric Co.
      • Table General Electric Co. - Overview
      • Table General Electric Co. - Business segments
      • Table General Electric Co. - Key offerings
      • Table General Electric Co. - Key offerings
      • Table General Electric Co. - Segment focus
    • Honeywell International Inc.
      • Table Honeywell International Inc. - Overview
      • Table Honeywell International Inc. - Business segments
      • Table Honeywell International Inc. - Key news
      • Table Honeywell International Inc. - Key offerings
      • Table Honeywell International Inc. - Segment focus
    • Panasonic Corp.
      • Table Panasonic Corp. - Overview
      • Table Panasonic Corp. - Business segments
      • Table Panasonic Corp. - Key news
      • Table Panasonic Corp. - Key offerings
      • Table Panasonic Corp. - Segment focus
    • Samsung Electronics Co Ltd.
      • Table Samsung Electronics Co Ltd. - Overview
      • Table Samsung Electronics Co Ltd. - Business segments
      • Table Samsung Electronics Co Ltd. - Key news
      • Table Samsung Electronics Co Ltd. - Key offerings
      • Table Samsung Electronics Co Ltd. - Segment focus
    • Schneider Electric SE
      • Table Schneider Electric SE - Overview
      • Table Schneider Electric SE - Business segments
      • Table Schneider Electric SE - Key offerings
      • Table Schneider Electric SE - Key offerings
      • Table Schneider Electric SE - Segment focus
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research Methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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