Smart Home Devices Market By Component, By Type : Global Opportunity Analysis and Industry Forecast, 2023-2032

Description

List of Tables

A smart home is a convenient configuration of appliances and other devices that are managed remotely using a mobile device or other networked device from any location with an internet connection. The internet connects all the devices in a smart home, giving the user control over things such as lighting, temperature, security access, and home theater systems remotely. Self-learning capabilities are included in smart home appliances, enabling them to recognize schedules and change, as necessary. Owners of smart homes equipped with lighting control reduce their electricity use and save money on energy-related expenses. While some home automation systems notify the homeowner if motion is detected while they are away, while other devices have the ability to contact the fire department or the police in case of an imminent situation. Moreover, these devices use new enhanced technologies such as AI and machine learning to give people remote control and monitoring over different areas of their houses. A wide range of goods and services such as lighting control, security access control, and HVAC control devices are available in the market that form an ecosystem, which turns conventional homes into automated, intelligent, and responsive living areas. Additionally, the smart home devices market growth is significantly propelled by the surge in popularity of home automation, the rise in awareness of energy conservation, and the increase in deployment of smart technology. The market has grown owing to factors such as a rise in affordability of smart gadgets and better internet infrastructure. However, crucial issues with data security, privacy and interoperability restrain the growth of the market.

Furthermore, surge rising demand for convenience, rise in awareness of energy conservation and enhancements in communication technology are primarily driving the growth of the smart home devices market. However, high initial cost hamper market growth to some extent. Moreover, integration with new technologies is expected to provide lucrative opportunities for market growth during the forecast period.

On the basis of component, solution segment dominated the smart home devices market in 2022 and is expected to maintain its dominance in the upcoming years owing to the growing integration of artificial intelligence (AI) and machine learning (ML) into smart home solution propels the market growth significantly. However, the services segment is expected to witness the highest growth, owing to the growing need for comprehensive service packages that come with increasingly integrated smart homes.

Region-wise, the smart home devices market size was dominated by North America in 2022 and is expected to retain its position during the forecast period, owing to the increasing adoption of smart security systems, providing homeowners with real-time monitoring and alerts through connected devices aiding the growth of the smart home devices market. However, Asia-Pacific is expected to witness significant growth during the forecast period, owing to the fast-paced urban lifestyle in the region, maintaining homes needs to be convenient and efficient, which is expected to fuel the market growth in this region. Furthermore, several major smart home devices providers including include such Johnson Controls International PLC, Schneider Electric, Honeywell International, Inc., Siemens AG, and Amazon.com, are introducing new products & services to smart home devices.

The key players operating in the market include Johnson Controls International PLC, Schneider Electric, Honeywell International, Inc., Siemens AG, Amazon.com, Apple Inc., Google LLC, Robert Bosch GmbH, ADT, and Raytheon Technologies Corporation. Furthermore, it highlights the strategies of the key players to improve the market share and sustain competition.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the smart home devices market analysis from 2022 to 2032 to identify the prevailing smart home devices market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the smart home devices market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global smart home devices market trends, key players, market segments, application areas, and market growth strategies.

Additional benefits you will get with this purchase are:

Quarterly Update and* (only available with a corporate license, on listed price)
5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
Free Upcoming Version on the Purchase of Five and Enterprise User License.
16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
Free data Pack on the Five and Enterprise User License. (Excel version of the report)
Free Updated report if the report is 6-12 months old or older.
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Free Industry updates and white papers.

Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)

Upcoming/New Entrant by Regions
New Product Development/ Product Matrix of Key Players
Regulatory Guidelines
Additional company profiles with specific to client's interest
Historic market data
Key player details (including location, contact details, supplier/vendor network etc. in excel format)
SWOT Analysis

Key Market Segments

By Component

Solutions
Services

By Type

Security and Access Control
HVAC Control
Entertainment and Other Controls
Smart Kitchen
Lighting Control
Home Appliances
Smart Furniture
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- UK
- Germany
- France
- Italy
- Spain
- Russia
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Thailand
- Malaysia
- Indonesia
- Rest of Asia-Pacific
LAMEA
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Argentina
- Rest of LAMEA

Key Market Players:

Johnson Controls International plc
Honeywell International, Inc.
Siemens AG
Apple Inc.
Google LLC
ADT
Raytheon Technologies Corporation
Schneider Electric
Amazon
Robert Bosch GmbH

Product Code: A08888

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
- 3.3.1. Low bargaining power of suppliers
- 3.3.2. Low threat of new entrants
- 3.3.3. Low threat of substitutes
- 3.3.4. Low intensity of rivalry
- 3.3.5. Low bargaining power of buyers
3.4. Market dynamics
- 3.4.1. Drivers
  - 3.4.1.1. Rising demand for convenience
  - 3.4.1.2. Enhancements in communication technology
  - 3.4.1.3. Rise in awareness of energy conservation
- 3.4.2. Restraints
  - 3.4.2.1. High initial cost
- 3.4.3. Opportunities
  - 3.4.3.1. Integration with new technologies

CHAPTER 4: SMART HOME DEVICES MARKET, BY COMPONENT

4.1. Overview
- 4.1.1. Market size and forecast
4.2. Solutions
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
4.3. Services
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country

CHAPTER 5: SMART HOME DEVICES MARKET, BY TYPE

5.1. Overview
- 5.1.1. Market size and forecast
5.2. Lighting Control
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. Security and Access Control
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
5.4. HVAC Control
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
5.5. Entertainment and Other Controls
- 5.5.1. Key market trends, growth factors and opportunities
- 5.5.2. Market size and forecast, by region
- 5.5.3. Market share analysis by country
5.6. Smart Kitchen
- 5.6.1. Key market trends, growth factors and opportunities
- 5.6.2. Market size and forecast, by region
- 5.6.3. Market share analysis by country
5.7. Home Appliances
- 5.7.1. Key market trends, growth factors and opportunities
- 5.7.2. Market size and forecast, by region
- 5.7.3. Market share analysis by country
5.8. Smart Furniture
- 5.8.1. Key market trends, growth factors and opportunities
- 5.8.2. Market size and forecast, by region
- 5.8.3. Market share analysis by country
5.9. Others
- 5.9.1. Key market trends, growth factors and opportunities
- 5.9.2. Market size and forecast, by region
- 5.9.3. Market share analysis by country

CHAPTER 6: SMART HOME DEVICES MARKET, BY REGION

6.1. Overview
- 6.1.1. Market size and forecast By Region
6.2. North America
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by Component
- 6.2.3. Market size and forecast, by Type
- 6.2.4. Market size and forecast, by country
  - 6.2.4.1. U.S.
  - 6.2.4.1.1. Market size and forecast, by Component
  - 6.2.4.1.2. Market size and forecast, by Type
  - 6.2.4.2. Canada
  - 6.2.4.2.1. Market size and forecast, by Component
  - 6.2.4.2.2. Market size and forecast, by Type
  - 6.2.4.3. Mexico
  - 6.2.4.3.1. Market size and forecast, by Component
  - 6.2.4.3.2. Market size and forecast, by Type
6.3. Europe
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by Component
- 6.3.3. Market size and forecast, by Type
- 6.3.4. Market size and forecast, by country
  - 6.3.4.1. UK
  - 6.3.4.1.1. Market size and forecast, by Component
  - 6.3.4.1.2. Market size and forecast, by Type
  - 6.3.4.2. Germany
  - 6.3.4.2.1. Market size and forecast, by Component
  - 6.3.4.2.2. Market size and forecast, by Type
  - 6.3.4.3. France
  - 6.3.4.3.1. Market size and forecast, by Component
  - 6.3.4.3.2. Market size and forecast, by Type
  - 6.3.4.4. Italy
  - 6.3.4.4.1. Market size and forecast, by Component
  - 6.3.4.4.2. Market size and forecast, by Type
  - 6.3.4.5. Spain
  - 6.3.4.5.1. Market size and forecast, by Component
  - 6.3.4.5.2. Market size and forecast, by Type
  - 6.3.4.6. Russia
  - 6.3.4.6.1. Market size and forecast, by Component
  - 6.3.4.6.2. Market size and forecast, by Type
  - 6.3.4.7. Rest of Europe
  - 6.3.4.7.1. Market size and forecast, by Component
  - 6.3.4.7.2. Market size and forecast, by Type
6.4. Asia-Pacific
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by Component
- 6.4.3. Market size and forecast, by Type
- 6.4.4. Market size and forecast, by country
  - 6.4.4.1. China
  - 6.4.4.1.1. Market size and forecast, by Component
  - 6.4.4.1.2. Market size and forecast, by Type
  - 6.4.4.2. Japan
  - 6.4.4.2.1. Market size and forecast, by Component
  - 6.4.4.2.2. Market size and forecast, by Type
  - 6.4.4.3. India
  - 6.4.4.3.1. Market size and forecast, by Component
  - 6.4.4.3.2. Market size and forecast, by Type
  - 6.4.4.4. South Korea
  - 6.4.4.4.1. Market size and forecast, by Component
  - 6.4.4.4.2. Market size and forecast, by Type
  - 6.4.4.5. Australia
  - 6.4.4.5.1. Market size and forecast, by Component
  - 6.4.4.5.2. Market size and forecast, by Type
  - 6.4.4.6. Thailand
  - 6.4.4.6.1. Market size and forecast, by Component
  - 6.4.4.6.2. Market size and forecast, by Type
  - 6.4.4.7. Malaysia
  - 6.4.4.7.1. Market size and forecast, by Component
  - 6.4.4.7.2. Market size and forecast, by Type
  - 6.4.4.8. Indonesia
  - 6.4.4.8.1. Market size and forecast, by Component
  - 6.4.4.8.2. Market size and forecast, by Type
  - 6.4.4.9. Rest of Asia-Pacific
  - 6.4.4.9.1. Market size and forecast, by Component
  - 6.4.4.9.2. Market size and forecast, by Type
6.5. LAMEA
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by Component
- 6.5.3. Market size and forecast, by Type
- 6.5.4. Market size and forecast, by country
  - 6.5.4.1. Brazil
  - 6.5.4.1.1. Market size and forecast, by Component
  - 6.5.4.1.2. Market size and forecast, by Type
  - 6.5.4.2. South Africa
  - 6.5.4.2.1. Market size and forecast, by Component
  - 6.5.4.2.2. Market size and forecast, by Type
  - 6.5.4.3. Saudi Arabia
  - 6.5.4.3.1. Market size and forecast, by Component
  - 6.5.4.3.2. Market size and forecast, by Type
  - 6.5.4.4. UAE
  - 6.5.4.4.1. Market size and forecast, by Component
  - 6.5.4.4.2. Market size and forecast, by Type
  - 6.5.4.5. Argentina
  - 6.5.4.5.1. Market size and forecast, by Component
  - 6.5.4.5.2. Market size and forecast, by Type
  - 6.5.4.6. Rest of LAMEA
  - 6.5.4.6.1. Market size and forecast, by Component
  - 6.5.4.6.2. Market size and forecast, by Type

CHAPTER 7: COMPETITIVE LANDSCAPE

7.1. Introduction
7.2. Top winning strategies
7.3. Product mapping of top 10 player
7.4. Competitive dashboard
7.5. Competitive heatmap
7.6. Top player positioning, 2022

CHAPTER 8: COMPANY PROFILES

8.1. Johnson Controls International plc
- 8.1.1. Company overview
- 8.1.2. Key executives
- 8.1.3. Company snapshot
- 8.1.4. Operating business segments
- 8.1.5. Product portfolio
- 8.1.6. Business performance
- 8.1.7. Key strategic moves and developments
8.2. Schneider Electric
- 8.2.1. Company overview
- 8.2.2. Key executives
- 8.2.3. Company snapshot
- 8.2.4. Operating business segments
- 8.2.5. Product portfolio
- 8.2.6. Business performance
- 8.2.7. Key strategic moves and developments
8.3. Honeywell International, Inc.
- 8.3.1. Company overview
- 8.3.2. Key executives
- 8.3.3. Company snapshot
- 8.3.4. Operating business segments
- 8.3.5. Product portfolio
- 8.3.6. Business performance
8.4. Siemens AG
- 8.4.1. Company overview
- 8.4.2. Key executives
- 8.4.3. Company snapshot
- 8.4.4. Operating business segments
- 8.4.5. Product portfolio
- 8.4.6. Business performance
- 8.4.7. Key strategic moves and developments
8.5. Amazon
- 8.5.1. Company overview
- 8.5.2. Key executives
- 8.5.3. Company snapshot
- 8.5.4. Operating business segments
- 8.5.5. Product portfolio
- 8.5.6. Business performance
- 8.5.7. Key strategic moves and developments
8.6. Apple Inc.
- 8.6.1. Company overview
- 8.6.2. Key executives
- 8.6.3. Company snapshot
- 8.6.4. Operating business segments
- 8.6.5. Product portfolio
- 8.6.6. Business performance
- 8.6.7. Key strategic moves and developments
8.7. Google LLC
- 8.7.1. Company overview
- 8.7.2. Key executives
- 8.7.3. Company snapshot
- 8.7.4. Operating business segments
- 8.7.5. Product portfolio
- 8.7.6. Business performance
- 8.7.7. Key strategic moves and developments
8.8. ADT
- 8.8.1. Company overview
- 8.8.2. Key executives
- 8.8.3. Company snapshot
- 8.8.4. Operating business segments
- 8.8.5. Product portfolio
- 8.8.6. Business performance
- 8.8.7. Key strategic moves and developments
8.9. Robert Bosch GmbH
- 8.9.1. Company overview
- 8.9.2. Key executives
- 8.9.3. Company snapshot
- 8.9.4. Operating business segments
- 8.9.5. Product portfolio
- 8.9.6. Business performance
- 8.9.7. Key strategic moves and developments
8.10. Raytheon Technologies Corporation
- 8.10.1. Company overview
- 8.10.2. Key executives
- 8.10.3. Company snapshot
- 8.10.4. Operating business segments
- 8.10.5. Product portfolio
- 8.10.6. Business performance