North America Smart Home Market Forecast 2019-2027

North America Smart Home Market Forecast 2019-2027


The CAGR for the North American smart homes market is expected to be 10.51% for the forecast period of 2019-2027.It is the largest market for smart homes in the world. The North American smart homes market is dominated by the US, followed by Canada.


The major challenges in the growth of this market are the high prices of appliances, low consumer demand and the large number of electrical devices required for the efficient functioning of the smart homes. A major part of the demand for smart homes from the consumer segment is because of the use of appliances for entertainment. Entertainment is the second-fastest growing market in the U.S. The drivers for the Canadian smart home market includes growing awareness among consumers about energy consumption, the increase in the ageing population , rising disposable income in developing countries and government initiatives.


Prominent market players in the North American market for smart homes are Siemens Ag, Control4 Corporation, Crestron Electronics Inc, Emerson Electric Co., Blue Line Innovations Inc, Ee Limited,Lg Electronics Inc., Abb Ltd.,Samsung Electronics Co. Ltd., United Technologies Corporation, Johnson Controls Inc., Schneider Electric Se, Century Technologies Corp, Solatube International Inc, Centrica Connected Home Limited and Honeywell International Inc.

1. Research Scope
1.1. Study Goals
1.2. Scope Of The Market Study
1.3. Who Will Find This Report Useful?
1.4. Study And Forecasting Years
2. Research Methodology
2.1. Sources Of Data
2.1.1. Secondary Data
2.1.2. Primary Data
2.2. Top-down Approach
2.3. Bottom-up Approach
2.4. Data Triangulation
3. Executive Summary
3.1. Market Summary
3.2. Key Findings
3.2.1. Energy Management Products Is Estimated To Be The Fastest Growing Segment By Product
3.2.2. Installation & Repair Service To Hold The Largest Market Share
3.2.3. Adoption Of Smart Homes Will Rise With Growth Of Cloud Technology
4. Market Dynamics
4.1. Timeline Of Smart Home Technology
4.2. Market Definition & Scope
4.3. Market Drivers
4.3.1. Swelling Ageing Populace
4.3.2. Increased Crime Rates
4.3.3. Initiatives By The Government
4.3.4. Intensifying Adoption Tariffs
4.3.5. Growing Urbanization & Infrastructure Projects
4.4. Market Restraints
4.4.1. Absence Of Awareness
4.4.2. Lack Of Common Standards
4.4.3. High Price Of The Smart Homes Products
4.4.4. Threat Of Cyber Attacks
4.4.5. Privacy Concerns
4.5. Market Opportunity
4.5.1. Smart City Projects In Developing Countries
4.5.2. Increasing Awareness Of Home And Personal Electronic Gadgets
4.5.3. Rising Spending Power
4.5.4. Growing Internet Of Things (Iot) Applications
4.6. Market Challenges
4.6.1. Anxieties About Consumer Data Privacy
4.6.2. Complex Installation Procedure Of Smart Devices
4.6.3. Lack Of Interoperability
4.6.4. Complexities In Data Collection & Management
5. Market By Product
5.1. Security
5.2. Heating, Ventilation, And Air Conditioning (Hvac)
5.3. Lighting Controllers
5.4. Entertainment
5.5. Energy Management
5.6. Home Health
5.7. Others
6. Market By Service
6.1. Installation & Repair
6.2. Customization
7. Key Analytics
7.1. Porter’s Five Force Model
7.1.1. Threat Of New Entrants
7.1.2. Threat Of Substitutes
7.1.3. Bargaining Power Of Suppliers
7.1.4. Bargaining Power Of Buyers
7.1.5. Threat Of Rivalry
7.2. Opportunity Matrix
7.3. Vendor Landscape
7.4. Value Chain Analysis
8. Geographical Analysis
8.1. United States
8.2. Canada
9. Company Profiles
9.1. Abb Ltd
9.2. Blue Line Innovations Inc
9.3. Centrica Connected Home Limited
9.4. Century Technologies Corp
9.5. Control4 Corporation
9.6. Crestron Electronics Inc
9.7. Ee Limited
9.8. Emerson Electric Co.
9.9. Honeywell International Inc.
9.10. Johnson Controls, Inc.
9.11. Lg Electronics, Inc.
9.12. Samsung Electronics Co., Ltd.
9.13. Schneider Electric Se
9.14. Siemens Ag
9.15. Solatube International Inc
9.16. United Technologies Corporation
9.17. Vodafone Group Plc
List Of Tables
Table 1: Technologies Used In A Home Area Network
Table 2: North America Smart Home Market, By Country, 2019-2027 (In $ Million)
Table 3: North America Smart Home Market, By Type, 2019-2027, (In $ Million)
Table 4: North America Smart Home Market, By Services, 2019-2027, (In $ Million)
Table 5: Opportunity Matrix
Table 6: Vendor Landscape
Table 7: North America Smart Home Market, By Country, 2019-2027 (In $ Million)
List of Figures
Figure 1: Timeline Of Smart Home Technology
Figure 2: Key Countries By Crime Index
Figure 3: Percentage Of Urban Population Across Major Geographies, 2017
Figure 4: Key Countries Affected By Cybercrime
Figure 5: North America Smart Home Product Market, By Security, 2019-2027 (In $ Million)
Figure 6: North America Smart Home Market, By Heating Ventilation And Air Conditioning, 2019-2027 (In $ Million)
Figure 7: North America Smart Home Market, By Lighting Controllers, 2019-2027 (In $ Million)
Figure 8: North America Smart Home Market, By Entertainment, 2019-2027 (In $ Million)
Figure 9: North America Smart Home Market, By Energy Management, 2019-2027 (In $ Million)
Figure 10: North America Smart Home Market, By Home Health, 2019-2027 (In $ Million)
Figure 11: North America Other Smart Home Market, 2019-2027 (In $ Million)
Figure 12: North America Smart Home Market, By Installation & Repair, 2019-2027 (In $ Million)
Figure 13: North America Smart Home Market, By Customization, 2019-2027 (In $ Million)
Figure 14: Porter’s Five Force Analysis
Figure 15: Value Chain Analysis
Figure 16: North America Smart Home Market, Regional Outlook, 2018 & 2027 (In %)
Figure 17: United States Smart Home Market, 2019-2027 (In $ Million)
Figure 18: Canada Smart Home Market, 2019-2027 (In $ Million)

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