Smart Home Technologies: Global Markets

Report Code: IFT151B

Publish Date: Feb 2024

Publisher: BCC Publishing

Category: Information Technology

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Report Highlights

The global market for smart home technologies is expected to increase from $102.3 billion in 2023 to $166.7 billion by the end of 2028, with a compound annual growth rate (CAGR) of 10.3% during the forecast period of 2023-2028.

Report Includes

  • 51 data tables and 50 additional tables
  • An overview of the global market for smart home technologies
  • In-depth analysis of global market trends, featuring historical revenue data for 2022, estimated figures for 2023, as well as forecasts for 2024 and 2026. This analysis includes projections of compound annual growth rates (CAGRs) through 2028
  • Evaluation of the current market size and revenue growth prospects specific to smart home technologies, accompanied by a market share analysis by networking technology, component, application and geographic region
  • Discussion on the future of smart homes, and coverage of trends and regulatory standards in smart home technologies
  • Coverage of emerging technologies in smart homes, recent developments, future opportunities, relevant patents and ESG trends
  • Market share analysis of the key companies in the industry and coverage of mergers & acquisitions, joint ventures, collaborations, partnerships, and other market strategies
  • Company profiles of major players within the industry, including Johnson Controls International PLC, Honeywell International Inc., Schneider Electric SE, Siemens, and Assa Abloy AB

Report Scope

This report is based on an in-depth analysis of the global smart home technologies market by networking technology, component, application and geography. It includes an overview of the global market trends. In the overview, 2022 considered as the base year, and estimates for 2023 through 2028 are provided, along with projections of CAGR in the forecast period.

The scope of the report also includes a discussion of technological, regulatory and competitive elements as well as economic trends affecting the market. In addition, the report analyzes and discusses the major drivers and regional dynamics of the market and current trends within the industry. It concludes with detailed profiles of the major vendors in the global smart home technologies market.

Report Synopsis

Report Metrics Details
Base year considered 2022
Forecast period considered 2023-2028
Base year market size $93.5 billion
Market size forecast $166.7 billion
Growth rate CAGR of 10.3% for the forecast period of 2023-2028
Units considered $ Billions
Segments covered Networking Technology, Component, Application, Region
Regions covered North America, Europe, Asia-Pacific, Rest of the World (RoW)
Key Market Drivers
  • Growing Acceptance of Smart Home Technology
  • Enhanced Cellular Network and Internet Connectivity
  • Growing Impact of Early Adopters as Trendsetters
  • Increase in Demand for Convenience and Accessibility at Home
  • Heightened Focus on Enhanced Energy Management Strategies and Practices
Companies studied
ABBACUITY BRANDS INC.
ADVANTECH CO. LTD.AMAZON.COM INC.
APPLE INC.ASSA ABLOY AB
CLIPSAL ELECTRIC PTY LTD. (SCHNEIDER ELECTRIC SE)CONTROL4 CORP. (SNAP ONE LLC)
CRESTRON ELECTRONICS INC.CYTECH TECHNOLOGY PTE. LTD.
CENTRICA PLCGENERAL ELECTRIC
GOOGLE INC. (ALPHABET INC.)HONEYWELL INTERNATIONAL INC.
IBM CORP.INGERSOLL-RAND
JOHNSON CONTROLS INTERNATIONAL PLCLEGRAND S.A.
LUTRON ELECTRONICS CO. INC.SIGNIFY HOLDING
SAVANT SYSTEMS INC.SCHNEIDER ELECTRIC
SIEMENS SYNAPSE WIRELESS INC.
TELETASK BVBAVIVINIT INC.
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Frequently Asked Questions (FAQs)

The market is projected to reach $166.7 billion by 2028, growing at a CAGR of 10.3%.
The key factors driving the market include the growing acceptance of smart home technology, enhanced cellular network and internet connectivity, increasing influence of early adopters, increase in demand for convenience and accessibility at home, increasing usage of managed smart home services, increasing awareness of energy management, etc.
  • By Networking Technology
  • By Component
  • By Application
  • By Region
By Networking Technology, Wireless segment is expected to dominate the market by the end of 2028.
North America holds the highest share of the global market.

Analyst Credentials

Austin Samuel – Consultant-Technology Research
Austin Samuel is an experienced professional with nearly a decade of industry experience in research and analysis, specializing in Information Technology. He has conducted extensive research and provided comprehensive syndicate and custom reports on the developments and application of information technology across multiple industries for international and domestic clients. He exhibits exceptional analytical abilities and strategic thinking and has contributed significantly to the team. Academically, Austin holds a master’s degree in Marketing and IT and a bachelor’s degree in Electrical and Electronics.

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Table of Contents

All reports provided in PDF format. For shared licensing options (5+ Users), please call a representative at (+1) 781-489-7301 or contact us at info@bccresearch.com
Title/Chapter NamePagesMember Price
Full Report: Smart Home Technologies: Global Markets216Free
Chapter- 1: Introduction4Free
Chapter- 2: Summary and Highlights3Free
Chapter- 3: Market Overview19Free
Chapter- 4: Market Dynamics 9Free
Chapter- 5: Emerging Technologies and Developments6Free
Chapter- 6: Market Breakdown by Networking Technology14Free
Chapter- 7: Market Breakdown by Solution12Free
Chapter- 8: Market Breakdown by Application22Free
Chapter- 9: Market Breakdown by Region22Free
Chapter- 10: Environmental, Social, and Governance (ESG) Perspective7Free
Chapter- 11: Patent Analysis9Free
Chapter- 12: M&A and Funding Outlook7Free
Chapter- 13: Competitive Landscape3Free
Chapter- 14: Company Profiles77Free
Chapter- 15: Appendix: Acronyms2Free
Published - May-2018| Analyst - Sinha G. Gaurav| Code - IFT151A

Report Highlights

The global smart home market should reach $55.0 billion by 2022 from $38.0 billion in 2017 at a compound annual growth rate (CAGR) of 7.7% from 2017 to 2022.

Report Includes

  • 24 data tables and 46 additional tables
  • An overview of the global market for smart home technologies
  • Analyses of global market trends, with data from 2016 to 2017, and projections of compound annual growth rates (CAGRs) through 2022
  • Analysis of the market by type, product, networking technology, and by region
  • Insight into the market through market sizes, revenue forecasts, value chain, and market and product trends
  • Discussion of current and future trends and analyses on the basis of competitive technologies
  • Description of the competitive landscape, including leading players and their key developments, strategies, and profiles
  • Profiles of the key companies in the market, including ABB Ltd., Amazon.com Inc., Control4 Corp., Daintree Networks Inc., General Electric, Google Inc., IBM and Schneider Electric SE

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Smart Home Technologies: Global Markets
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