Market Scenario

The major growth driver of Smart Home Market includes growing awareness among consumers about energy conservation, growing aging population, rising disposable income in developing countries, and government initiatives among others.

Hence the market for Smart Home is expected to grow at high CAGR (2016-2027).

However, high installation cost, and lack of skilled expertise are the factors which are hindering the growth of Smart Home Market.

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Segments

Global Smart Home Market can be segmented as follows:

Segmentation by Product: Security & control (smart shutters, smart detectors, smart doorbell, smoke alarm and others), Home appliances (smart coffee maker, smart AC, robot vacuum cleaner and others), and Entertainment & connectivity (smart TV, home plugs, routers, smart set top box and others) among others.

Segmentation by Technologies: Protocol, Network and wireless among others.

Key Players

Some of the major players in Global Smart Home Market include Honeywell (U.S.), Danfoss (Denmark), Nest (U.S.), Ecobee (Canada), AT&T (U.S.), Cisco (U.S.), Samsung (South Korea), Liricco Technologies (Hong Kong), MMB Networks (Canada) and Time Warner Cable (U.S.) among others.

Industry News:

O2, UK mobile operator has announced in January 2016 about its partnership with AT&T to provide smart home applications to the consumer.
Ecobee and Sun power has announced in year 2016 about its new program where both the companies are teaming up to provide help to consumers in taking control of their electricity cost.
AT&T and Ericsson are planning to provide digital life with wireless home security and automation to their consumers. For this Ericsson would provide sales channels to AT&T so that to provide digital platform to the consumers.
Regional Analysis of Smart Home Market:

North-America dominated the Global Smart Home Market with the largest market share due to growing demand for home healthcare and increasing population in the region, and therefore accounting for high million and is expected to grow over billion by 2027. Smart Home Market in European market is expected to grow at high CAGR from high million in 2016 to high million by 2027.

Americas

North America
US
Canada
Latin America
Europe

Western Europe
Germany
France
K
Rest of Western Europe
Eastern Europe
Asia– Pacific

Asia

China
India
Japan
South Korea
Rest of Asia Pacific

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The Middle East& Africa

The report for Smart Home Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

Objective of Smart Home Market Study:

To provide detailed analysis of the market structure along with forecast for the next 10 years of the various segments and sub-segments of the global Smart Home Market.
To provide insights about factors affecting the market growth.
To Analyze the Smart Home Market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.
To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW).
To provide country level analysis of the market with respect to the current market size and future prospective
To provide country level analysis of the market for segment by Product, by Technology and sub-segments.
To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Smart Home Market .

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