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Smart Homes Market

Smart Homes Market, By Product (Lightning Controls, HVAC Control, Security & Access Control, Smart Kitchen, Smart Appliances, Entertainment and Others), Protocols (Protocols & Technologies, Cellular Network) – Global Market Trends & Forecasts Upto 2023

Report code: SDMRSE6215 | Industry: Semiconductors | Published On: 2018-02-20

Smart home is a smart system that anticipates and responds with intuitive and at times automated control of some or all of the amenities in a home that include TV, lighting, music, safety & security, climate, energy & water, and more. The smart home technology has grown tremendously since 2010 and transitioned from wired technology to wireless technology with emergence of wireless technologies, such as Bluetooth, Wi-Fi, and mobile Internet. The Internet of Things (IoT) has enabled the rapid growth of smart homes, connecting physical devices with internet connectivity and sensors providing new services to households. The trend of smart home is shifting towards the centralized control. For example, Amazon Echo and Google Home are heading in the direction of centralized smart home control.
The smart home market has reached to about $ 12.5 billion in 2017 and is expected to grow at ~15% annually through 2023. This growth is expected to be driven by the factors, such as considerable growth of IoT market, improving energy efficiency, and increasing demand for security devices. A major factor restraining the growth of this market is the security issues over internet. Favorable government regulations are being implemented in several countries across the globe and next generation technologies, such as 3D gesture-based remote control in the home entertainment will present huge opportunities for smart home market.
The market for entertainment and other controls has accounted for the largest share of the smart home market in 2017, attributed to the high penetration rate of products such as smart meters and smoke detectors. Although the increasing cost of electricity is a major concern for household consumers, the market for energy saving devices will have a higher demand through 2023. Changing lifestyles and rising purchasing power of people are also expected to drive the market for smart home products worldwide. The market for lighting control is expected to grow at a higher rate because these smart home products are aimed at reducing electricity consumption in homes during the day.
The software and services pertaining to smart homes has been growing at a considerable rate as it enables users to control systems and devices installed in their homes. Most of the devices/systems, such as lighting control, HVAC control, security and access control, entertainment control, smart kitchen, and smart home appliances can be accessed and controlled using smartphones, computers, tablets, laptops, and hubs as these are enabled by the compatible software solutions and algorithms designed by smart home providers. Vivint, Inc. (US.), Comcast Corporation (US), The ADT Corporation (US), GE Healthcare (UK), AT&T, Inc. (US), Siemens Healthcare (Germany), Opower (US) and Time Warner Cable (US) are some of the major players that provide software solutions and services for smart homes.
North America accounted for the major market in 2017, accounting for ~45% of the global smart home market. However, the rising number of new residential projects and the increasing initiatives to strengthen the building infrastructure and increased focus on smart homes and smart cities is expected to make Asia-Pacific a potential market through 2023. The demand for energy saving products in Europe is also an important market for smart homes, as this region has been majorly focusing on energy savings.
Some of the major players in the smart home market include Siemens AG (Germany), General Electric Company (US), Johnson Controls, Inc. (US), Schneider Electric (France), ABB Ltd. (Switzerland), Honeywell International, Inc. (US), United Technologies Corporation (US), Ingersoll-Rand PLC (Ireland), Samsung Electronics Co., and Legrand S.A. (France).

1  Introduction            
  1.1  Goal  &  Objective          
  1.2  Report  Coverage          
  1.3  Supply  Side  Data  Modelling  &  Methodology          
  1.4  Demand  Side  Data  Modelling  &  Methodology          
2  Executive  Summary            
3  Market  Outlook              
  3.1  Introduction          
  3.2  Current  &  Future  Outlook          
  3.3  DROC          
    3.3.1  Drivers       Demand  Drivers     Supply  Drivers      
    3.3.2  Restraints        
    3.3.3  Opportunities        
    3.3.4  Challenges        
  3.4  Market  Entry  Matrix          
  3.5  Market  Opportunity  Analysis          
  3.6  Market  Regulations          
  3.7  Pricing  Mix          
  3.8  Key  Customers          
  3.9  Value  Chain  &  Ecosystem          
4  Market  Demand  Analysis            
  4.1  Smart  Home  Market,  Protocols  and  Technologies            
    4.2  Protocols  &  Standards          
      4.2.1  Digital  Addressable  Lighting  Interface  (DALI)      
      4.2.2  KNX      
      4.2.3  Modbus      
      4.2.4  Building  Automation  and  Control  Network  (BACNet)      
      4.2.5  Black  Box      
      4.2.6  Power  Line  Communication  (PLC)      
      4.2.7  Digital  Multiplexer  (DMX)      
      4.2.8  Lonworks      
      4.2.9  Ethernet      
    4.3  Cellular  Network  Technologies          
      4.3.1  4G&5G  Network      
      4.3.2  GSM  (Global  System  for  Mobile  communication)/HSPA  Networks      
      4.3.3  Code-division  multiple  access  (Cdma)  Networks      
    4.4  Wireless  Communication  Technologies          
      4.4.1  ZigBee      
      4.4.2  Z-Wave      
      4.4.3  Enocean      
      4.4.4  Wi-Fi      
      4.4.5  Bluetooth      
      4.4.6  Thread      
      4.4.7  Infrared      
  5  Smart  Home  Market,  By  Application          
    5.1  By  Product        
      5.2  Lightning  Controls      
        5.2.1  Relays    
        5.2.2  Timers    
        5.2.3  Occupancy  Sensors    
        5.2.4  Daylight  Sensors    
        5.2.5  Dimmers    
        5.2.6  Switches    
        5.2.7  Accessories  and  Other  Products    
      5.3  HVAC  Control        
        5.3.1  By  Product    
  Smart  Thermostats  
  Control  Valves  
  Heating  and  Cooling  Coils  
  Pumps  &  Fans  
  Smart  Vents  
      5.4  Security  and  Access  Control      
        5.4.1  Security  Control,  By  Product    
  Video  Surveillance  
  Video  Analytics  
  Security  Cameras  
  Storage  Devices  
        5.4.2  Access  Control    
  Iris  Recognition  
  Facial  Recognition  
  Biometric  Access  Control  
  Fingerprint  Recognition  
  Non-Biometric  Access  Control  
        5.4.3  Smart  Kitchen    
  Smart  Cooktops  
  Smart  Pressure  Cookers  
  Smart  Kettles  
  Smart  Fridges  
  Smart  Coffee  Machine/  Coffee  Makers  
  Smart  Dishwashers  
  Smart  Microwave  
        5.4.4  Smart  Appliances      
  Smart  Water  Heaters  
  Smart  Washers  
  Smart  Dryers  
  Smart  Vacuum    
  Smart  AC's  
  Smart  Deep  Freezer  
  Smart  Air-Purifiers  
  Smart  Door  Bell  
        5.4.5  Entertainment  and  Other  Controls      
  By  Product  
    Audio,  Volume,  &  Multimedia  Room  Controls
    Home  Theater  System  Controls
    Touchscreens  and  Keypads
  Other  Controls,  By  Product  
    Smart  Meters
    Smart  Plugs
    Smart  Hubs
    Smart  Locks
    Smoke  Detectors
    6  Smart  Home  Market,  By  Software        
      6.1  Proactive      
      6.2  Behavioral      
    7  Smart  Home  Market  Analysis,  By  Region            
      7.1  North  America      
        7.1.1  U.S.    
        7.1.2  Canada    
        7.1.3  Mexico    
      7.2  Europe        
        7.2.1  Germany      
        7.2.2  Italy    
        7.2.3  France    
        7.2.4  UK    
      7.2.5  Rest  of  Europe    
      7.3  Asia  Pacific      
        7.3.1  China    
        7.3.2  Japan    
        7.3.3  India    
        7.3.4  Australia    
        7.3.5  Rest  of  APAC    
      7.4  Middle  East  &  Africa      
        7.4.1  Saudi  Arabia    
        7.4.2  UAE    
        7.4.3  Rest  Of  MEA    
      7.5  South  America      
        7.5.1  Brazil    
        7.5.2  Argentina    
        7.5.3  Rest  of  South  America    
8  Supply  Market  Analysis  (Industrial  Player  Analysis)            
  8.1  Strategic  Benchmarking          
  8.2  Market  Share  Analysis          
  8.3  Key  Players            
    8.3.1  Honeywell  International,  Inc.        
    8.3.2  Ingersoll-Rand  plc.        
    8.3.3  Johnson  Controls,  Inc.        
    8.3.4  Siemens  AG        
    8.3.5  Honeywell  International  Inc.        
    8.3.6  ABB  Ltd.        
    8.3.7  United  Technologies  Corporation          
    8.3.8  General  Electric  Company          
    8.3.9  Schneider  Electric  Se          
    8.3.10  Legrand  S.A.          
    8.3.11  Samsung  Electronics  Co.,  Ltd.          
    8.3.12  Lutron  Electronics  Co.,  Inc.          
    8.3.13  Leviton  Manufacturing  Company,  Inc.        
    8.3.14  Acuity  Brands,  Inc.        
    8.3.15  Vodafone  Group  Plc.  &  Others        
SDMR employs a three way data triangulation approach to arrive at market estimates. We use primary research, secondary research and data triangulation by top down and bottom up approach


Secondary Research:
Our research methodology involves in-depth desk research using various secondary sources. Data is gathered from association/government publications/databases, company websites, press releases, annual reports/presentations/sec filings, technical papers, journals, research papers, magazines, conferences, tradeshows, and blogs.

Key Data Points through secondary research-
Macro-economic data points
Import Export data
Identification of major market trends across various applications
Primary understanding of the industry for both the regions
Competitors analysis for the production capacities, key production sites, competitive landscape
Key customers
Production Capacity
Pricing Scenario
Cost Margin Analysis

Key Data Points through primary research-
Major factors driving the market and its end application markets
Comparative analysis and customer analysis
Regional presence
Collaborations or tie-ups
Annual Production, and sales
Profit Margins
Average Selling Price

Data Triangulation:
Data triangulation is done using top down and bottom approaches. However, to develop accurate market sizing estimations, both the methodologies are used to accurately arrive at the market size. Insert Image
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