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Smart Home Market by Product (Lighting Control, Security & Access Control, HVAC, Entertainment & Other Control, Home Healthcare, Smart Kitchen, and Home Appliances), Software & Service (Behavioral, Proactive), and Geography - Global Forecast to 2023

Smart Home Market by Product (Lighting Control, Security & Access Control, HVAC, Entertainment & Other Control, Home Healthcare, Smart Kitchen, and Home Appliances), Software & Service (Behavioral, Proactive), and Geography - Global Forecast to 2023

“Smart home market expected to grow at a CAGR of 13.61% between 2017 and 2023”
The global market for smart homes was valued at USD 54.97 billion in 2016 and is likely to reach USD 137.91 billion by 2023, at a CAGR of 13.61% between 2017 and 2023. The significant advancements in the IoT market, increasing need for convenience, safety and security, and rising demand for energy saving and low carbon emission-oriented solutions are some of the major factors driving the growth of the smart home market.

“Lighting control held the largest share of the smart home market in 2016”
Lighting control held the largest share of the smart home market in 2016. The growth of this market can be attributed to the capability of lighting control to reduce electricity consumption in homes as the sensors adjust the intensity of artificial light according to the intensity of natural light. One of the largest electrical loads in a home is that of lighting. However, lighting appliances and devices consume lesser energy compared with other electric appliances in a home, which often leads to negligence of its energy-saving potential. Over the years, the growing environmental concerns have helped spread awareness regarding the importance of smart homes and home energy management measures.

“The market for timers to grow at the highest rate during the forecast period”
The market for timers is expected to grow at the highest rate, among all other lighting control products, during the forecast period. The use of timer in lighting control reduces the unnecessary use of electricity in areas such as underground parking and staircases. Once the lights are switched on, they remain in the same state for a defined time period and are switched off automatically after the pre-specified time. Timers are mainly used for timed on/off control of energy-consuming loads such as indoor & outdoor lighting, heat lamps, hot tubs, pool filters, and attic fans.
Acuity Brands Lighting, Inc. (US), Lutron Electronics Co., Inc. (US), and Intermatic Inc. (US) are some of the major players offering timers for controlling the usage of lighting in the residential sector.

“North Americas and Asia Pacific considered as the major markets for smart homes”
North America held the largest share of the global smart home market in 2016, owing to the factors such as increasing demand for reliable home energy management systems, enhanced home security levels, and growing popularity of integration of smart devices such as tablets and smartphones in smart home solutions. The smart home market in Asia Pacific is expected to grow at the highest rate during the forecast period. Factors such as the strong economic growth, increasing population and improving standards of living, and rapid urbanization leading to a sophisticated infrastructure are driving the growth of the market in this region.

Breakdown of the profiles of primary participants:
• By Company: Tier 1 = 10 %, Tier 2 = 30%, and Tier 3 = 60%
• By Designation: C-Level Executives = 50%, Directors = 25%, and Others = 25%
• By Region: North America = 60%, Europe = 20%, APAC = 10%, and RoW = 10%

The major players profiled in this report are as follows:
• Siemens AG (Germany)
• United Technologies Corporation (US)
• General Electric Company (US)
• Schneider Electric (France)
• Honeywell International, Inc. (US)
• Ingersoll-Rand PLC (Ireland)
• Johnson Controls, Inc. (US)
• ABB Ltd. (Switzerland)
• Legrand S.A. (France)
• Samsung Electronics Co., Ltd. (South Korea)
• Acuity Brands, Inc. (US)
• Lutron Electronics Co. Inc. (US)
• Leviton Manufacturing Company, Inc. (US)
• Vivint Smart Home (US)
• Select Comfort Corporation (US)
• Switchmate Inc. (US)
• LIFX (US)

Research Coverage
In this report, the smart home market has been segmented on the basis of product, application, and geography. The smart home market, on the basis of product, has been segmented into lighting control, security and access control, HVAC control, entertainment and other controls, home healthcare, smart kitchen, and home appliances. The study also covers the market in four major regions: North America, Europe, APAC, and RoW.

Reasons to buy the report
The report would help the key players/new entrants in this market in the following ways.
1. This report segments the smart home market comprehensively and provides closest approximations of the overall market size and that of the subsegments across different verticals and regions.
2. The report would help stakeholders understand the pulse of the market and provide them with the information on key drivers, restraints, challenges, and opportunities.
3. This report would help stakeholders understand their competitors better and gain more insights to enhance their position in the market. The competitive landscape section includes competitor ecosystem, product launches and developments, partnerships, and mergers and acquisitions carried out in the market.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • MARKETS COVERED
      • PRODUCTS COVERED
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • FACTOR ANALYSIS
      • DEMAND-SIDE ANALYSIS
      • SUPPLY-SIDE ANALYSIS
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE SMART HOME MARKET
    • SMART HOME MARKET, BY APPLICATION
    • SMART HOME MARKET, BY APPLICATION AND REGION
    • SMART HOME MARKET, BY REGION
    • SMART HOME MARKET, BY SOFTWARE AND SERVICE
  • MARKET OVERVIEW
    • INTRODUCTION
    • EVOLUTION
    • MARKET DYNAMICS
      • DRIVERS
        • Table AVERAGE ENERGY SAVING POTENTIAL OF LIGHTING CONTROLS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • INDUSTRY TRENDS
    • INTRODUCTION
    • VALUE CHAIN ANALYSIS
    • SUPPLY CHAIN ANALYSIS
    • OPPORTUNITIES TO TAP IN THE SMART HOME VALUE CHAIN
    • KEY INDUSTRY TRENDS
    • TIMELINE OF THE SMART HOME MARKET
    • RECENT INNOVATION TO BOOST THE GROWTH OF THE SMART HOME MARKET
  • PROTOCOLS AND TECHNOLOGIES USED IN SMART HOMES
    • INTRODUCTION
    • CELLULAR NETWORK TECHNOLOGIES
      • CDMA NETWORKS
      • GSM/HSPA NETWORKS
      • LTE NETWORKS
    • PROTOCOLS & STANDARDS
      • DIGITAL ADDRESSABLE LIGHTING INTERFACE (DALI)
      • KNX
      • DIGITAL MULTIPLEXER (DMX)
      • LONWORKS
      • ETHERNET
      • MODBUS
      • BUILDING AUTOMATION AND CONTROL NETWORK (BACNET)
      • BLACK BOX
      • POWER LINE COMMUNICATION (PLC)
    • WIRELESS COMMUNICATION TECHNOLOGIES
      • ZIGBEE
      • Z-WAVE
      • WI-FI
      • BLUETOOTH
      • ENOCEAN
      • THREAD
      • INFRARED
  • SMART HOME MARKET, BY APPLICATION
    • INTRODUCTION
      • Table SMART HOME MARKET, BY APPLICATION, 2014-2023 (USD MILLION)
      • Table SMART HOME MARKET, BY APPLICATION, 2014-2023 (THOUSAND UNITS)
    • LIGHTING CONTROL
      • MARKET DYNAMICS
      • LIGHTING CONTROL, BY PRODUCT
        • Table SMART HOME MARKET FOR LIGHTING CONTROL, BY PRODUCT, 2014-2023 (USD MILLION)
        • Table SMART HOME MARKET FOR LIGHTING CONTROL, BY REGION, 2014-2023 (USD MILLION)
        • Table SMART HOME MARKET FOR LIGHTING CONTROL, BY TYPE, 2014-2023 (THOUSAND UNITS)
        • Table SMART HOME MARKET FOR LIGHTING CONTROL, BY REGION, 2014-2023 (THOUSAND UNITS)
    • SECURITY AND ACCESS CONTROL
      • MARKET DYNAMICS
      • SECURITY AND ACCESS CONTROL, BY PRODUCT
        • Table SMART HOME MARKET FOR SECURITY AND ACCESS CONTROL, BY PRODUCT, 2014-2023 (USD MILLION)
        • Table SMART HOME MARKET FOR SECURITY AND ACCESS CONTROL, BY REGION, 2014-2023 (USD MILLION)
        • Table SMART HOME MARKET FOR SECURITY AND ACCESS CONTROL, BY PRODUCT, 2014-2023 (THOUSAND UNITS)
        • Table SMART HOME MARKET FOR SECURITY AND ACCESS CONTROL, BY REGION, 2014-2023 (THOUSAND UNITS)
        • Table MARKET FOR SECURITY AND ACCESS CONTROL FOR VIDEO SURVEILLANCE, BY TYPE, 2014-2023 (USD MILLION)
        • Table MARKET FOR SECURITY AND ACCESS CONTROL FOR VIDEO SURVEILLANCE, BY REGION, 2014-2023 (USD MILLION)
        • Table MARKET FOR SECURITY AND ACCESS CONTROL FOR ACCESS CONTROL, BY PRODUCT, 2014-2023 (USD MILLION)
        • Table MARKET FOR SECURITY AND ACCESS CONTROL FOR ACCESS CONTROL, BY REGION, 2014-2023 (USD MILLION)
        • Table MARKET FOR BIOMETRIC ACCESS CONTROL, BY PRODUCT, 2014-2023 (USD MILLION)
        • Table MARKET FOR BIOMETRIC ACCESS CONTROL, BY REGION, 2014-2023 (USD MILLION)
        • Table MARKET FOR NON-BIOMETRIC ACCESS CONTROL, BY REGION, 2014-2023 (USD MILLION)
    • HVAC CONTROL
      • MARKET DYNAMICS
      • HVAC CONTROL, BY PRODUCT
        • Table SMART HOME MARKET FOR HVAC CONTROL, BY PRODUCT, 2014-2023 (USD MILLION)
        • Table SMART HOME MARKET FOR HVAC CONTROL, BY REGION, 2014-2023 (USD MILLION)
        • Table SMART HOME MARKET FOR HVAC CONTROL, BY PRODUCT, 2014-2023 (THOUSAND UNITS)
        • Table SMART HOME MARKET FOR HVAC CONTROL, BY REGION, 2014-2023 (THOUSAND UNITS)
    • ENTERTAINMENT AND OTHER CONTROLS
      • MARKET DYNAMICS
      • ENTERTAINMENT CONTROLS, BY PRODUCT
        • Table SMART HOME MARKET FOR ENTERTAINMENT & OTHER CONTROLS, BY PRODUCT, 2014-2023 (USD MILLION)
        • Table SMART HOME MARKET FOR ENTERTAINMENT & OTHER CONTROLS, BY PRODUCT, 2014-2023 (THOUSAND UNITS)
        • Table SMART HOME MARKET FOR ENTERTAINMENT & OTHER CONTROLS, BY REGION, 2014-2023 (USD MILLION)
        • Table SMART HOME MARKET FOR ENTERTAINMENT & OTHER CONTROLS, BY REGION, 2014-2023 (THOUSAND UNITS)
        • Table MARKET FOR ENTERTAINMENT & OTHER CONTROLS FOR ENTERTAINMENT CONTROL, BY PRODUCT, 2014-2023 (USD MILLION)
        • Table MARKET FOR ENTERTAINMENT & OTHER CONTROLS FOR ENTERTAINMENT CONTROL, BY REGION, 2014-2023 (USD MILLION)
      • OTHER CONTROLS, BY PRODUCT
        • Table MARKET FOR ENTERTAINMENT & OTHER CONTROLS FOR OTHER CONTROLS, BY PRODUCT, 2014-2023 (USD MILLION)
        • Table MARKET FOR ENTERTAINMENT & OTHER CONTROLS FOR OTHER CONTROLS, BY PRODUCT, 2014-2023 (THOUSAND UNITS)
        • Table MARKET FOR ENTERTAINMENT & OTHER CONTROLS FOR OTHER CONTROLS, BY REGION, 2014-2023 (USD MILLION)
    • HOME HEALTHCARE
      • MARKET DYNAMICS
      • HOME HEALTHCARE, BY PRODUCT
        • Table SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2014-2023 (USD MILLION)
        • Table SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2014-2023 (THOUSAND UNITS)
        • Table SMART HOME MARKET FOR HOME HEALTHCARE, BY REGION, 2014-2023 (USD MILLION)
        • Table MARKET FOR HOME HEALTHCARE, BY REGION, 2014-2023 (THOUSAND UNITS)
    • SMART KITCHEN
      • MARKET DYNAMICS
      • SMART KITCHEN, BY PRODUCT
        • Table SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2014-2023 (USD MILLION)
        • Table SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2014-2023 (THOUSAND UNITS)
        • Table SMART HOME MARKET FOR SMART KITCHEN, BY REGION, 2014-2023 (USD MILLION)
        • Table SMART HOME MARKET FOR SMART KITCHEN, BY REGION, 2014-2023 (THOUSAND UNITS)
    • HOME APPLIANCES
      • MARKET DYNAMICS
      • HOME APPLIANCES, BY PRODUCT
        • Table SMART MARKET FOR HOME APPLIANCES, BY PRODUCT, 2014-2023 (USD MILLION)
        • Table SMART HOME MARKET FOR HOME APPLIANCES, BY PRODUCT, 2014-2023 (THOUSAND UNITS)
        • Table SMART HOME MARKET FOR HOME APPLIANCES, BY REGION, 2014-2023 (USD MILLION)
        • Table SMART HOME MARKET FOR HOME APPLIANCES, BY REGION, 2014-2023 (THOUSAND UNITS)
  • SMART HOME MARKET, BY SOFTWARE & SERVICE
    • INTRODUCTION
      • Table SMART HOME MARKET FOR SOFTWARE AND SERVICES, BY TYPE, 2014-2023 (USD BILLION)
    • BEHAVIORAL
    • PROACTIVE
  • GEOGRAPHIC ANALYSIS
    • INTRODUCTION
      • Table SMART HOME MARKET, BY REGION, 2014-2023 (USD MILLION)
      • Table SMART HOME MARKET, BY REGION, 2014-2023 (THOUSANDS UNITS)
    • NORTH AMERICA
      • REGULATORY FRAMEWORKS
      • US
      • CANADA
      • MEXICO
        • Table SMART HOME MARKET IN NORTH AMERICA, BY COUNTRY, 2014-2023 (USD MILLION)
        • Table MARKET FOR LIGHTING CONTROL IN NORTH AMERICA, BY PRODUCT, 2014-2023 (USD MILLION)
        • Table MARKET FOR SECURITY & ACCESS CONTROL IN NORTH AMERICA, BY PRODUCT, 2014-2023 (USD MILLION)
        • Table MARKET FOR HVAC CONTROL IN NORTH AMERICA, BY PRODUCT, 2014-2023 (USD MILLION)
        • Table MARKET FOR ENTERTAINMENT & OTHER CONTROLS IN NORTH AMERICA, BY PRODUCT, 2014-2023 (USD MILLION)
        • Table MARKET FOR ENTERTAINMENT CONTROL IN NORTH AMERICA, BY PRODUCT, 2014-2023 (USD MILLION)
        • Table MARKET FOR OTHER CONTROLS IN NORTH AMERICA, BY PRODUCT, 2014-2023 (USD MILLION)
        • Table MARKET FOR HOME HEALTHCARE IN NORTH AMERICA, BY PRODUCT, 2014-2023 (USD MILLION)
        • Table MARKET FOR SMART KITCHEN IN NORTH AMERICA, BY PRODUCT, 2014-2023 (USD MILLION)
        • Table MARKET FOR SMART HOME APPLIANCES IN NORTH AMERICA, BY PRODUCT, 2014-2023 (USD MILLION)
    • EUROPE
      • REGULATORY FRAMEWORKS
      • UK
      • GERMANY
      • FRANCE
      • REST OF EUROPE
        • Table SMART HOME MARKET IN EUROPE, BY COUNTRY/REGION, 2014-2023 (USD MILLION)
        • Table MARKET FOR LIGHTING CONTROL IN EUROPE, BY PRODUCT, 2014-2023 (USD MILLION)
        • Table MARKET FOR SECURITY & ACCESS CONTROL IN EUROPE, BY PRODUCT, 2014-2023 (USD MILLION)
        • Table MARKET FOR HVAC CONTROL IN EUROPE, BY PRODUCT, 2014-2023 (USD MILLION)
        • Table MARKET FOR ENTERTAINMENT & OTHER CONTROLS IN EUROPE, BY PRODUCT, 2014-2023 (USD MILLION)
        • Table MARKET FOR HOME HEALTHCARE IN EUROPE, BY PRODUCT, 2014-2023 (USD MILLION)
        • Table MARKET FOR SMART KITCHEN IN EUROPE, BY PRODUCT, 2014-2023 (USD MILLION)
        • Table MARKET FOR SMART HOME APPLIANCES IN EUROPE, BY PRODUCT, 2014-2023 (USD MILLION)
    • APAC
      • REGULATORY FRAMEWORKS
      • JAPAN
      • CHINA
        • Table SMART HOME MARKET IN APAC, BY COUNTRY/REGION, 2014-2023 (USD MILLION)
        • Table MARKET FOR LIGHTING CONTROL IN APAC, BY PRODUCT, 2014-2023 (USD MILLION)
        • Table MARKET FOR SECURITY & ACCESS CONTROL IN APAC, BY PRODUCT, 2014-2023 (USD MILLION)
        • Table MARKET FOR HVAC CONTROL IN APAC, BY PRODUCT, 2014-2023 (USD MILLION)
        • Table MARKET FOR ENTERTAINMENT & OTHER CONTROLS IN APAC, BY PRODUCT, 2014-2023 (USD MILLION)
        • Table MARKET FOR HOME HEALTHCARE IN APAC, BY PRODUCT, 2014-2023 (USD MILLION)
        • Table MARKET FOR SMART KITCHEN IN APAC, BY PRODUCT, 2014-2023 (USD MILLION)
        • Table MARKET FOR SMART HOME APPLIANCES IN APAC, BY PRODUCT, 2014-2023 (USD MILLION)
    • REST OF THE WORLD
      • REGULATORY FRAMEWORKS
        • Table SMART HOME MARKET IN ROW, BY REGION, 2014-2023 (USD MILLION)
        • Table MARKET FOR LIGHTING CONTROL MARKET IN ROW, BY PRODUCT, 2014-2023 (USD MILLION)
        • Table MARKET FOR SECURITY & ACCESS CONTROL IN ROW, BY PRODUCT, 2014-2023 (USD MILLION)
        • Table MARKET FOR HVAC CONTROL IN ROW, BY PRODUCT, 2014-2023 (USD MILLION)
        • Table MARKET FOR ENTERTAINMENT & OTHER CONTROLS IN ROW, BY PRODUCT, 2014-2023 (USD MILLION)
        • Table MARKET FOR HOME HEALTHCARE IN ROW, BY PRODUCT, 2014-2023 (USD MILLION)
        • Table MARKET FOR SMART KITCHEN IN ROW, BY PRODUCT, 2014-2023 (USD MILLION)
        • Table MARKET FOR SMART HOME APPLIANCES IN ROW, BY PRODUCT, 2014-2023 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • KEY PLAYERS IN THE SMART HOME MARKET
      • Table RATING OF TOP 5 PLAYERS IN THE SMART HOME MARKET, 2016
    • COMPETITIVE LEADERSHIP MAPPING
      • VISIONARY LEADERS
      • DYNAMIC DIFFERENTIATORS
      • INNOVATORS
      • EMERGING COMPANIES
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
  • COMPANY PROFILES
    • INTRODUCTION
    • SIEMENS AG
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • BUSINESS STRATEGY
      • RECENT DEVELOPMENTS
      • MNM VIEW
      • KEY RELATIONSHIP
    • UNITED TECHNOLOGIES CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • BUSINESS STRATEGY
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • GENERAL ELECTRIC COMPANY
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • BUSINESS STRATEGY
      • RECENT DEVELOPMENTS
      • MNM VIEW
      • KEY RELATIONSHIPS
    • SCHNEIDER ELECTRIC SE
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • BUSINESS STRATEGY
      • RECENT DEVELOPMENTS
      • MNM VIEW
      • KEY RELATIONSHIP
    • HONEYWELL INTERNATIONAL, INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • BUSINESS STRATEGY
      • RECENT DEVELOPMENTS
      • MNM VIEW
      • KEY RELATIONSHIPS
    • INGERSOLL-RAND PLC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • BUSINESS STRATEGY
      • RECENT DEVELOPMENTS
      • MNM VIEW
      • KEY RELATIONSHIP
    • JOHNSON CONTROLS, INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • BUSINESS STRATEGY
      • RECENT DEVELOPMENTS
      • MNM VIEW
      • KEY RELATIONSHIP
    • ABB LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • BUSINESS STRATEGY
      • RECENT DEVELOPMENTS
      • MNM VIEW
      • KEY RELATIONSHIP
    • LEGRAND S.A.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • BUSINESS STRATEGY
      • RECENT DEVELOPMENTS
      • MNM VIEW
      • KEY RELATIONSHIP
    • SAMSUNG ELECTRONICS CO., LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • BUSINESS STRATEGY
      • RECENT DEVELOPMENTS
    • ACUITY BRANDS, INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • BUSINESS STRATEGY
      • RECENT DEVELOPMENTS
      • MNM VIEW
      • KEY RELATIONSHIPS
    • LUTRON ELECTRONICS CO., INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • BUSINESS STRATEGY
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • LEVITON MANUFACTURING COMPANY, INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • BUSINESS STRATEGY
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • KEY INNOVATORS
      • VIVINT SMART HOME
      • SELECT COMFORT CORPORATION
      • SWITCHMATE INC.
      • LIFX
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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