PUBLISHER: TechNavio | PRODUCT CODE: 1524822
PUBLISHER: TechNavio | PRODUCT CODE: 1524822
The Smart homes market in US is forecasted to grow by USD 5911.3 mn during 2023-2028, accelerating at a CAGR of 5.41% during the forecast period. The report on the Smart homes market in US 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 market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing consumer interest in home automation, availability of a wide range of Smart home products, and rising need for energy conservation.
Technavio's Smart homes market in US is segmented as below:
Market Scope | |
---|---|
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 5.03% |
CAGR | 5.41% |
Incremental Value | $5911.3mn |
By Application
By Technology
By Geographical Landscape
This study identifies the increasing development of technologically advanced products as one of the prime reasons driving the Smart homes market in US growth during the next few years. Also, evolution of IOT and growing smartphone penetration and increasing internet speed will lead to sizable demand in the market.
The report on the Smart homes market in US covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Smart homes market in US vendors that include ABB Ltd., Allegion Public Ltd. Co., Alphabet Inc., Amazon.com Inc., Apple Inc., ASSA ABLOY AB, Carrier Global Corp., Comcast Corp., Honeywell International Inc., Hubbell Inc., Johnson Controls International PLC., Legrand, LG Electronics Inc., Lutron Electronics Co. Inc., Panasonic Holdings Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Schneider Electric SE, Snap One LLC, and Vivint Inc.. Also, the Smart homes market in US analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
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.
The publisher 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. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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