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PUBLISHER: TechNavio | PRODUCT CODE: 1524822

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PUBLISHER: TechNavio | PRODUCT CODE: 1524822

Smart homes market in US 2024-2028

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PAGES: 137 Pages
DELIVERY TIME: 1-2 business days
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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 Year2024
End Year2028
Series Year2024-2028
Growth MomentumAccelerate
YOY 20245.03%
CAGR5.41%
Incremental Value$5911.3mn

By Application

  • Home entertainment
  • Smart appliances
  • Energy management
  • Lighting control system and HVAC
  • Safety and security system

By Technology

  • Wireless
  • Wired

By Geographical Landscape

  • North America

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:

  • Smart homes market in US sizing
  • Smart homes market in US forecast
  • Smart homes market in US industry analysis

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.

Product Code: IRTNTR70543

Table of Contents

1 Executive Summary

  • 1.1 Market overview
    • Executive Summary - Chart on Market Overview
    • Executive Summary - Data Table on Market Overview
    • Executive Summary - Chart on Country Market Characteristics
    • Executive Summary - Chart on Market Segmentation by Application
    • Executive Summary - Chart on Market Segmentation by Technology
    • Executive Summary - Chart on Company Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Parent Market
    • Data Table on - Parent Market
  • 2.2 Market characteristics
    • Market characteristics analysis
  • 2.3 Value chain analysis
    • Value Chain Analysis

3 Market Sizing

  • 3.1 Market definition
    • Offerings of companies included in the market definition
  • 3.2 Market segment analysis
    • Market segments
  • 3.3 Market size 2023
  • 3.4 Market outlook: Forecast for 2023-2028
    • Chart on US - Market size and forecast 2023-2028 ($ million)
    • Data Table on US - Market size and forecast 2023-2028 ($ million)
    • Chart on US: Year-over-year growth 2023-2028 (%)
    • Data Table on US: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

  • 4.1 Smart Homes Market in US 2018 - 2022
    • Historic Market Size - Data Table on Smart Homes Market in US 2018 - 2022 ($ million)
  • 4.2 Application segment analysis 2018 - 2022
    • Historic Market Size - Application Segment 2018 - 2022 ($ million)
  • 4.3 Technology segment analysis 2018 - 2022
    • Historic Market Size - Technology Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

  • 5.1 Five forces summary
    • Five forces analysis - Comparison between 2023 and 2028
  • 5.2 Bargaining power of buyers
    • Bargaining power of buyers - Impact of key factors 2023 and 2028
  • 5.3 Bargaining power of suppliers
    • Bargaining power of suppliers - Impact of key factors in 2023 and 2028
  • 5.4 Threat of new entrants
    • Threat of new entrants - Impact of key factors in 2023 and 2028
  • 5.5 Threat of substitutes
    • Threat of substitutes - Impact of key factors in 2023 and 2028
  • 5.6 Threat of rivalry
    • Threat of rivalry - Impact of key factors in 2023 and 2028
  • 5.7 Market condition
    • Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Application

  • 6.1 Market segments
    • Chart on Application - Market share 2023-2028 (%)
    • Data Table on Application - Market share 2023-2028 (%)
  • 6.2 Comparison by Application
    • Chart on Comparison by Application
    • Data Table on Comparison by Application
  • 6.3 Home entertainment - Market size and forecast 2023-2028
    • Chart on Home entertainment - Market size and forecast 2023-2028 ($ million)
    • Data Table on Home entertainment - Market size and forecast 2023-2028 ($ million)
    • Chart on Home entertainment - Year-over-year growth 2023-2028 (%)
    • Data Table on Home entertainment - Year-over-year growth 2023-2028 (%)
  • 6.4 Smart appliances - Market size and forecast 2023-2028
    • Chart on Smart appliances - Market size and forecast 2023-2028 ($ million)
    • Data Table on Smart appliances - Market size and forecast 2023-2028 ($ million)
    • Chart on Smart appliances - Year-over-year growth 2023-2028 (%)
    • Data Table on Smart appliances - Year-over-year growth 2023-2028 (%)
  • 6.5 Energy management - Market size and forecast 2023-2028
    • Chart on Energy management - Market size and forecast 2023-2028 ($ million)
    • Data Table on Energy management - Market size and forecast 2023-2028 ($ million)
    • Chart on Energy management - Year-over-year growth 2023-2028 (%)
    • Data Table on Energy management - Year-over-year growth 2023-2028 (%)
  • 6.6 Lighting control system and HVAC - Market size and forecast 2023-2028
    • Chart on Lighting control system and HVAC - Market size and forecast 2023-2028 ($ million)
    • Data Table on Lighting control system and HVAC - Market size and forecast 2023-2028 ($ million)
    • Chart on Lighting control system and HVAC - Year-over-year growth 2023-2028 (%)
    • Data Table on Lighting control system and HVAC - Year-over-year growth 2023-2028 (%)
  • 6.7 Safety and security system - Market size and forecast 2023-2028
    • Chart on Safety and security system - Market size and forecast 2023-2028 ($ million)
    • Data Table on Safety and security system - Market size and forecast 2023-2028 ($ million)
    • Chart on Safety and security system - Year-over-year growth 2023-2028 (%)
    • Data Table on Safety and security system - Year-over-year growth 2023-2028 (%)
  • 6.8 Market opportunity by Application
    • Market opportunity by Application ($ million)
    • Data Table on Market opportunity by Application ($ million)

7 Market Segmentation by Technology

  • 7.1 Market segments
    • Chart on Technology - Market share 2023-2028 (%)
    • Data Table on Technology - Market share 2023-2028 (%)
  • 7.2 Comparison by Technology
    • Chart on Comparison by Technology
    • Data Table on Comparison by Technology
  • 7.3 Wired - Market size and forecast 2023-2028
    • Chart on Wired - Market size and forecast 2023-2028 ($ million)
    • Data Table on Wired - Market size and forecast 2023-2028 ($ million)
    • Chart on Wired - Year-over-year growth 2023-2028 (%)
    • Data Table on Wired - Year-over-year growth 2023-2028 (%)
  • 7.4 Wireless - Market size and forecast 2023-2028
    • Chart on Wireless - Market size and forecast 2023-2028 ($ million)
    • Data Table on Wireless - Market size and forecast 2023-2028 ($ million)
    • Chart on Wireless - Year-over-year growth 2023-2028 (%)
    • Data Table on Wireless - Year-over-year growth 2023-2028 (%)
  • 7.5 Market opportunity by Technology
    • Market opportunity by Technology ($ million)
    • Data Table on Market opportunity by Technology ($ million)

8 Customer Landscape

  • 8.1 Customer landscape overview
    • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Drivers, Challenges, and Opportunity/Restraints

  • 9.1 Market drivers
  • 9.2 Market challenges
  • 9.3 Impact of drivers and challenges
    • Impact of drivers and challenges in 2023 and 2028
  • 9.4 Market opportunities/restraints

10 Competitive Landscape

  • 10.1 Overview
  • 10.2 Competitive Landscape
    • Overview on criticality of inputs and factors of differentiation
  • 10.3 Landscape disruption
    • Overview on factors of disruption
  • 10.4 Industry risks
    • Impact of key risks on business

11 Competitive Analysis

  • 11.1 Companies profiled
    • Companies covered
  • 11.2 Market positioning of companies
    • Matrix on companies position and classification
  • 11.3 ABB Ltd.
    • ABB Ltd. - Overview
    • ABB Ltd. - Business segments
    • ABB Ltd. - Key news
    • ABB Ltd. - Key offerings
    • ABB Ltd. - Segment focus
  • 11.4 Allegion Public Ltd. Co.
    • Allegion Public Ltd. Co. - Overview
    • Allegion Public Ltd. Co. - Business segments
    • Allegion Public Ltd. Co. - Key news
    • Allegion Public Ltd. Co. - Key offerings
    • Allegion Public Ltd. Co. - Segment focus
  • 11.5 Alphabet Inc.
    • Alphabet Inc. - Overview
    • Alphabet Inc. - Business segments
    • Alphabet Inc. - Key offerings
    • Alphabet Inc. - Segment focus
  • 11.6 Amazon.com Inc.
    • Amazon.com Inc. - Overview
    • Amazon.com Inc. - Business segments
    • Amazon.com Inc. - Key news
    • Amazon.com Inc. - Key offerings
    • Amazon.com Inc. - Segment focus
  • 11.7 Apple Inc.
    • Apple Inc. - Overview
    • Apple Inc. - Business segments
    • Apple Inc. - Key news
    • Apple Inc. - Key offerings
    • Apple Inc. - Segment focus
  • 11.8 Honeywell International Inc.
    • Honeywell International Inc. - Overview
    • Honeywell International Inc. - Business segments
    • Honeywell International Inc. - Key news
    • Honeywell International Inc. - Key offerings
    • Honeywell International Inc. - Segment focus
  • 11.9 Johnson Controls International Plc.
    • Johnson Controls International Plc. - Overview
    • Johnson Controls International Plc. - Business segments
    • Johnson Controls International Plc. - Key news
    • Johnson Controls International Plc. - Key offerings
    • Johnson Controls International Plc. - Segment focus
  • 11.10 Panasonic Holdings Corp.
    • Panasonic Holdings Corp. - Overview
    • Panasonic Holdings Corp. - Business segments
    • Panasonic Holdings Corp. - Key news
    • Panasonic Holdings Corp. - Key offerings
    • Panasonic Holdings Corp. - Segment focus
  • 11.11 Samsung Electronics Co. Ltd.
    • Samsung Electronics Co. Ltd. - Overview
    • Samsung Electronics Co. Ltd. - Business segments
    • Samsung Electronics Co. Ltd. - Key news
    • Samsung Electronics Co. Ltd. - Key offerings
    • Samsung Electronics Co. Ltd. - Segment focus
  • 11.12 Schneider Electric SE
    • Schneider Electric SE - Overview
    • Schneider Electric SE - Business segments
    • Schneider Electric SE - Key news
    • Schneider Electric SE - Key offerings
    • Schneider Electric SE - Segment focus

12 Appendix

  • 12.1 Scope of the report
  • 12.2 Inclusions and exclusions checklist
    • Inclusions checklist
    • Exclusions checklist
  • 12.3 Currency conversion rates for US$
    • Currency conversion rates for US$
  • 12.4 Research methodology
    • Research methodology
  • 12.5 Data procurement
    • Information sources
  • 12.6 Data validation
    • Data validation
  • 12.7 Validation techniques employed for market sizing
    • Validation techniques employed for market sizing
  • 12.8 Data synthesis
    • Data synthesis
  • 12.9 360 degree market analysis
    • 360 degree market analysis
  • 12.10 List of abbreviations
    • List of abbreviations
Product Code: IRTNTR70543

Exhibits:

  • Exhibits1: Executive Summary - Chart on Market Overview
  • Exhibits2: Executive Summary - Data Table on Market Overview
  • Exhibits3: Executive Summary - Chart on Country Market Characteristics
  • Exhibits4: Executive Summary - Chart on Market Segmentation by Application
  • Exhibits5: Executive Summary - Chart on Market Segmentation by Technology
  • Exhibits6: Executive Summary - Chart on Company Market Positioning
  • Exhibits7: Parent Market
  • Exhibits8: Data Table on - Parent Market
  • Exhibits9: Market characteristics analysis
  • Exhibits10: Value Chain Analysis
  • Exhibits11: Offerings of companies included in the market definition
  • Exhibits12: Market segments
  • Exhibits13: Chart on US - Market size and forecast 2023-2028 ($ million)
  • Exhibits14: Data Table on US - Market size and forecast 2023-2028 ($ million)
  • Exhibits15: Chart on US: Year-over-year growth 2023-2028 (%)
  • Exhibits16: Data Table on US: Year-over-year growth 2023-2028 (%)
  • Exhibits17: Historic Market Size - Data Table on Smart Homes Market in US 2018 - 2022 ($ million)
  • Exhibits18: Historic Market Size - Application Segment 2018 - 2022 ($ million)
  • Exhibits19: Historic Market Size - Technology Segment 2018 - 2022 ($ million)
  • Exhibits20: Five forces analysis - Comparison between 2023 and 2028
  • Exhibits21: Bargaining power of buyers - Impact of key factors 2023 and 2028
  • Exhibits22: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
  • Exhibits23: Threat of new entrants - Impact of key factors in 2023 and 2028
  • Exhibits24: Threat of substitutes - Impact of key factors in 2023 and 2028
  • Exhibits25: Threat of rivalry - Impact of key factors in 2023 and 2028
  • Exhibits26: Chart on Market condition - Five forces 2023 and 2028
  • Exhibits27: Chart on Application - Market share 2023-2028 (%)
  • Exhibits28: Data Table on Application - Market share 2023-2028 (%)
  • Exhibits29: Chart on Comparison by Application
  • Exhibits30: Data Table on Comparison by Application
  • Exhibits31: Chart on Home entertainment - Market size and forecast 2023-2028 ($ million)
  • Exhibits32: Data Table on Home entertainment - Market size and forecast 2023-2028 ($ million)
  • Exhibits33: Chart on Home entertainment - Year-over-year growth 2023-2028 (%)
  • Exhibits34: Data Table on Home entertainment - Year-over-year growth 2023-2028 (%)
  • Exhibits35: Chart on Smart appliances - Market size and forecast 2023-2028 ($ million)
  • Exhibits36: Data Table on Smart appliances - Market size and forecast 2023-2028 ($ million)
  • Exhibits37: Chart on Smart appliances - Year-over-year growth 2023-2028 (%)
  • Exhibits38: Data Table on Smart appliances - Year-over-year growth 2023-2028 (%)
  • Exhibits39: Chart on Energy management - Market size and forecast 2023-2028 ($ million)
  • Exhibits40: Data Table on Energy management - Market size and forecast 2023-2028 ($ million)
  • Exhibits41: Chart on Energy management - Year-over-year growth 2023-2028 (%)
  • Exhibits42: Data Table on Energy management - Year-over-year growth 2023-2028 (%)
  • Exhibits43: Chart on Lighting control system and HVAC - Market size and forecast 2023-2028 ($ million)
  • Exhibits44: Data Table on Lighting control system and HVAC - Market size and forecast 2023-2028 ($ million)
  • Exhibits45: Chart on Lighting control system and HVAC - Year-over-year growth 2023-2028 (%)
  • Exhibits46: Data Table on Lighting control system and HVAC - Year-over-year growth 2023-2028 (%)
  • Exhibits47: Chart on Safety and security system - Market size and forecast 2023-2028 ($ million)
  • Exhibits48: Data Table on Safety and security system - Market size and forecast 2023-2028 ($ million)
  • Exhibits49: Chart on Safety and security system - Year-over-year growth 2023-2028 (%)
  • Exhibits50: Data Table on Safety and security system - Year-over-year growth 2023-2028 (%)
  • Exhibits51: Market opportunity by Application ($ million)
  • Exhibits52: Data Table on Market opportunity by Application ($ million)
  • Exhibits53: Chart on Technology - Market share 2023-2028 (%)
  • Exhibits54: Data Table on Technology - Market share 2023-2028 (%)
  • Exhibits55: Chart on Comparison by Technology
  • Exhibits56: Data Table on Comparison by Technology
  • Exhibits57: Chart on Wired - Market size and forecast 2023-2028 ($ million)
  • Exhibits58: Data Table on Wired - Market size and forecast 2023-2028 ($ million)
  • Exhibits59: Chart on Wired - Year-over-year growth 2023-2028 (%)
  • Exhibits60: Data Table on Wired - Year-over-year growth 2023-2028 (%)
  • Exhibits61: Chart on Wireless - Market size and forecast 2023-2028 ($ million)
  • Exhibits62: Data Table on Wireless - Market size and forecast 2023-2028 ($ million)
  • Exhibits63: Chart on Wireless - Year-over-year growth 2023-2028 (%)
  • Exhibits64: Data Table on Wireless - Year-over-year growth 2023-2028 (%)
  • Exhibits65: Market opportunity by Technology ($ million)
  • Exhibits66: Data Table on Market opportunity by Technology ($ million)
  • Exhibits67: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Exhibits68: Impact of drivers and challenges in 2023 and 2028
  • Exhibits69: Overview on criticality of inputs and factors of differentiation
  • Exhibits70: Overview on factors of disruption
  • Exhibits71: Impact of key risks on business
  • Exhibits72: Companies covered
  • Exhibits73: Matrix on companies position and classification
  • Exhibits74: ABB Ltd. - Overview
  • Exhibits75: ABB Ltd. - Business segments
  • Exhibits76: ABB Ltd. - Key news
  • Exhibits77: ABB Ltd. - Key offerings
  • Exhibits78: ABB Ltd. - Segment focus
  • Exhibits79: Allegion Public Ltd. Co. - Overview
  • Exhibits80: Allegion Public Ltd. Co. - Business segments
  • Exhibits81: Allegion Public Ltd. Co. - Key news
  • Exhibits82: Allegion Public Ltd. Co. - Key offerings
  • Exhibits83: Allegion Public Ltd. Co. - Segment focus
  • Exhibits84: Alphabet Inc. - Overview
  • Exhibits85: Alphabet Inc. - Business segments
  • Exhibits86: Alphabet Inc. - Key offerings
  • Exhibits87: Alphabet Inc. - Segment focus
  • Exhibits88: Amazon.com Inc. - Overview
  • Exhibits89: Amazon.com Inc. - Business segments
  • Exhibits90: Amazon.com Inc. - Key news
  • Exhibits91: Amazon.com Inc. - Key offerings
  • Exhibits92: Amazon.com Inc. - Segment focus
  • Exhibits93: Apple Inc. - Overview
  • Exhibits94: Apple Inc. - Business segments
  • Exhibits95: Apple Inc. - Key news
  • Exhibits96: Apple Inc. - Key offerings
  • Exhibits97: Apple Inc. - Segment focus
  • Exhibits98: Honeywell International Inc. - Overview
  • Exhibits99: Honeywell International Inc. - Business segments
  • Exhibits100: Honeywell International Inc. - Key news
  • Exhibits101: Honeywell International Inc. - Key offerings
  • Exhibits102: Honeywell International Inc. - Segment focus
  • Exhibits103: Johnson Controls International Plc. - Overview
  • Exhibits104: Johnson Controls International Plc. - Business segments
  • Exhibits105: Johnson Controls International Plc. - Key news
  • Exhibits106: Johnson Controls International Plc. - Key offerings
  • Exhibits107: Johnson Controls International Plc. - Segment focus
  • Exhibits108: Panasonic Holdings Corp. - Overview
  • Exhibits109: Panasonic Holdings Corp. - Business segments
  • Exhibits110: Panasonic Holdings Corp. - Key news
  • Exhibits111: Panasonic Holdings Corp. - Key offerings
  • Exhibits112: Panasonic Holdings Corp. - Segment focus
  • Exhibits113: Samsung Electronics Co. Ltd. - Overview
  • Exhibits114: Samsung Electronics Co. Ltd. - Business segments
  • Exhibits115: Samsung Electronics Co. Ltd. - Key news
  • Exhibits116: Samsung Electronics Co. Ltd. - Key offerings
  • Exhibits117: Samsung Electronics Co. Ltd. - Segment focus
  • Exhibits118: Schneider Electric SE - Overview
  • Exhibits119: Schneider Electric SE - Business segments
  • Exhibits120: Schneider Electric SE - Key news
  • Exhibits121: Schneider Electric SE - Key offerings
  • Exhibits122: Schneider Electric SE - Segment focus
  • Exhibits123: Inclusions checklist
  • Exhibits124: Exclusions checklist
  • Exhibits125: Currency conversion rates for US$
  • Exhibits126: Research methodology
  • Exhibits127: Information sources
  • Exhibits128: Data validation
  • Exhibits129: Validation techniques employed for market sizing
  • Exhibits130: Data synthesis
  • Exhibits131: 360 degree market analysis
  • Exhibits132: List of abbreviations
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