What is the market size for the smart home market?

The Market is expected to grow by $ 188.3 bn in 2024-2028. <a href='https://www.technavio.com/report/smart-home-market-industry-analysis'>Read More</a>

What is the CAGR for the smart home market?

21.21% CAGR with $ 188.3 bn Momentum. <a href='https://www.technavio.com/report/smart-home-market-industry-analysis'>Read More</a>

What is the growth rate of the Smart Home Market market?

21.21% is the estimation year on year growth rate. <a href='https://www.technavio.com/report/smart-home-market-industry-analysis'>Read More</a>

Which region held the largest market share in the Smart Home Market market?

APAC with 69% of the market growth. <a href='https://www.technavio.com/report/smart-home-market-industry-analysis'>Read More</a>

Who are the prominent players in the Smart Home Market market?

ABB Ltd., Allegion Public Ltd. Co., Alphabet Inc., Amazon.com Inc., Apple Inc., ASSA ABLOY AB, Comcast Corp., Honeywell International Inc., Hubbell Inc., Johnson Controls, .... <a href='https://www.technavio.com/report/smart-home-market-industry-analysis'>Read More</a>

Smart Home Market Analysis North America, Europe, APAC, Middle East and Africa, South America - US, Germany, China, UK, Canada - Size and Forecast 2024-2028

Published: May 2024
Pages: 190
SKU: IRTNTR40286

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Smart Home Market Size 2024-2028

The smart home market size is forecast to increase by USD 188.3 billion at a CAGR of 21.21% between 2023 and 2028. The market is experiencing significant growth due to increasing consumer preference for energy efficiency and reduced carbon emissions. Smart thermostats, fire sprinkler systems, bulbs, meters, composters, power strips, and security cameras are becoming increasingly popular. Strategic partnerships and alliances are on the rise to enhance interoperability and compatibility among these devices. However, challenges persist in ensuring seamless communication and integration between various smart home systems. The market is expected to continue expanding, driven by the convenience and cost savings offered by these technologies. Wi-Fi connectivity is a key enabler, allowing for remote control and monitoring of smart home devices. Homeowners are embracing these innovations to enhance comfort, security, and energy management in their homes.

What will be the Size of the Smart Home Market During the Forecast Period?

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Market Segmentation by Technology
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- 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 Global - Market size and forecast 2023-2028 ($ billion)
- Data Table on Global - Market size and forecast 2023-2028 ($ billion)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global Smart Home Market 2018 - 2022
- Historic Market Size - Data Table on Global Smart Home Market 2018 - 2022 ($ billion)

4.2 Application segment analysis 2018 - 2022
- Historic Market Size - Application Segment 2018 - 2022 ($ billion)

4.3 Technology segment analysis 2018 - 2022
- Historic Market Size - Technology Segment 2018 - 2022 ($ billion)

4.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ billion)

4.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ billion)

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 ($ billion)
- Data Table on Home entertainment - Market size and forecast 2023-2028 ($ billion)
- 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 ($ billion)
- Data Table on Smart appliances - Market size and forecast 2023-2028 ($ billion)
- 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 ($ billion)
- Data Table on Energy management - Market size and forecast 2023-2028 ($ billion)
- 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 ($ billion)
- Data Table on Lighting control system and HVAC - Market size and forecast 2023-2028 ($ billion)
- 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 ($ billion)
- Data Table on Safety and security system - Market size and forecast 2023-2028 ($ billion)
- 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 ($ billion)
- Data Table on Market opportunity by Application ($ billion)

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 Wireless - Market size and forecast 2023-2028
- Chart on Wireless - Market size and forecast 2023-2028 ($ billion)
- Data Table on Wireless - Market size and forecast 2023-2028 ($ billion)
- Chart on Wireless - Year-over-year growth 2023-2028 (%)
- Data Table on Wireless - Year-over-year growth 2023-2028 (%)

7.4 Wired - Market size and forecast 2023-2028
- Chart on Wired - Market size and forecast 2023-2028 ($ billion)
- Data Table on Wired - Market size and forecast 2023-2028 ($ billion)
- Chart on Wired - Year-over-year growth 2023-2028 (%)
- Data Table on Wired - Year-over-year growth 2023-2028 (%)

7.5 Market opportunity by Technology
- Market opportunity by Technology ($ billion)
- Data Table on Market opportunity by Technology ($ billion)

8 Customer Landscape

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

9 Geographic Landscape

9.1 Geographic segmentation
- Chart on Market share by geography 2023-2028 (%)
- Data Table on Market share by geography 2023-2028 (%)

9.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison

9.3 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ billion)
- Data Table on North America - Market size and forecast 2023-2028 ($ billion)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)

9.4 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ billion)
- Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)

9.5 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ billion)
- Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)

9.6 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)

9.7 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ billion)
- Data Table on South America - Market size and forecast 2023-2028 ($ billion)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)

9.8 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ billion)
- Data Table on US - Market size and forecast 2023-2028 ($ billion)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)

9.9 Germany - Market size and forecast 2023-2028
- Chart on Germany - Market size and forecast 2023-2028 ($ billion)
- Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
- Chart on Germany - Year-over-year growth 2023-2028 (%)
- Data Table on Germany - Year-over-year growth 2023-2028 (%)

9.10 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ billion)
- Data Table on China - Market size and forecast 2023-2028 ($ billion)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)

9.11 UK - Market size and forecast 2023-2028
- Chart on UK - Market size and forecast 2023-2028 ($ billion)
- Data Table on UK - Market size and forecast 2023-2028 ($ billion)
- Chart on UK - Year-over-year growth 2023-2028 (%)
- Data Table on UK - Year-over-year growth 2023-2028 (%)

9.12 Canada - Market size and forecast 2023-2028
- Chart on Canada - Market size and forecast 2023-2028 ($ billion)
- Data Table on Canada - Market size and forecast 2023-2028 ($ billion)
- Chart on Canada - Year-over-year growth 2023-2028 (%)
- Data Table on Canada - Year-over-year growth 2023-2028 (%)

9.13 Market opportunity by geography
- Market opportunity by geography ($ billion)
- Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Opportunity/Restraints

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028

10.4 Market opportunities/restraints

11 Competitive Landscape

11.1 Overview

11.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation

11.3 Landscape disruption
- Overview on factors of disruption

11.4 Industry risks
- Impact of key risks on business

12 Competitive Analysis

12.1 Companies profiled
- Companies covered

12.2 Market positioning of companies
- Matrix on companies position and classification

12.3 ABB Ltd.
- ABB Ltd. - Overview
- ABB Ltd. - Business segments
- ABB Ltd. - Key news
- ABB Ltd. - Key offerings
- ABB Ltd. - Segment focus

12.4 Allegion Public Ltd. Co.
- Allegion Public Ltd. Co. - Overview
- Allegion Public Ltd. Co. - Business segments
- Allegion Public Ltd. Co. - Key offerings
- Allegion Public Ltd. Co. - Segment focus

12.5 Alphabet Inc.
- Alphabet Inc. - Overview
- Alphabet Inc. - Business segments
- Alphabet Inc. - Key offerings
- Alphabet Inc. - Segment focus

12.6 Amazon.com Inc.
- Amazon.com Inc. - Overview
- Amazon.com Inc. - Business segments
- Amazon.com Inc. - Key offerings
- Amazon.com Inc. - Segment focus

12.7 Apple Inc.
- Apple Inc. - Overview
- Apple Inc. - Business segments
- Apple Inc. - Key news
- Apple Inc. - Key offerings
- Apple Inc. - Segment focus

12.8 ASSA ABLOY AB
- ASSA ABLOY AB - Overview
- ASSA ABLOY AB - Business segments
- ASSA ABLOY AB - Key news
- ASSA ABLOY AB - Key offerings
- ASSA ABLOY AB - Segment focus

12.9 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

12.10 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

12.11 Legrand SA
- Legrand SA - Overview
- Legrand SA - Business segments
- Legrand SA - Key offerings
- Legrand SA - Segment focus

12.12 LG Corp.
- LG Corp. - Overview
- LG Corp. - Business segments
- LG Corp. - Key offerings
- LG Corp. - Segment focus

12.13 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

12.14 RTX Corp.
- RTX Corp. - Overview
- RTX Corp. - Business segments
- RTX Corp. - Key news
- RTX Corp. - Key offerings
- RTX Corp. - Segment focus

12.15 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

12.16 Schneider Electric SE
- Schneider Electric SE - Overview
- Schneider Electric SE - Business segments
- Schneider Electric SE - Key offerings
- Schneider Electric SE - Segment focus