Smart Home Market Pit Falls, Present Scenario and Growth Prospects from 2017 to 2025

ReportBazzar has released its latest research-based report entitled “Smart Home” market. Smart home technology, also known as home automation, provides homeowners security, comfort, convenience and energy efficiency by allowing them to control smart devices, often by a smart home app on their smartphone or other networked device. A part of the internet of things (IoT), smart home systems and devices often operate together, sharing consumer usage data among themselves and automating actions based on the homeowners’ preferences.

The global smart home market is expected to grow exponentially in the coming years. Besides the rising disposable income of consumers, the market will highly benefit from the increasing internet penetration worldwide. In the last few years, the world witnessed extensive rise in Wi-Fi access facilitated by growth in IoT services. As these devices operate through wireless connectivity, the smart home market will be considerably facilitated by the introduction of high-speed internet. Moreover, the proliferation of Wi-Fi connectivity in the household sector, will aid in the expansion of the global smart home market.

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This industry is expected to witness an increase in share owing to the growing adoption of systems or devices in a number of applications such as security, lighting, entertainment, HVAC & energy management, and smart kitchen. This technology has evolved with increasing preference among consumers for convenience, connectivity, safety, and security which are expected to fuel growth in the demand for the smart home automation systems.

The market is segment on the basis of component, technology, application and geographical region.

Increasing urban population and growing geriatric population have created the need to incorporate smart home automation concept in order to address the arising challenges. The opportunities for the advancements of smart home automation system using mobile, applications and other platforms over different time spans is expected to be enormous. Moreover, the advancement of Internet accessibility and the growing penetration of Internet of Things (IoT) which helps in the move to direct digital controls for better machine to machine (M2M) communication have encouraged users to adopt the smart home automation technology, thereby driving market growth. However, factors such as less awareness and high installation cost associated with the devices may pose a challenge to the market demand over the forecast period.

The market is divided into four major region North America, Europe, Asia-Pacific and Rest of the World. By region, North America will dominated the Smart Home Market and it has generated USD XX million market value in 2017 and is estimated to reach USD XX million market by 2025 with growing XX% CAGR.

Segment Review:

Smart Home market is segmented on the basis of Component, Application, Technology and geography.

Market segmented by component, market is segmented into

  • Hardware
  • Software
  • Service

Market segmented by application, market is segmented into

  • Security
  • Lighting
  • Entertainment
  • Hvac & energy management
  • Smart kitchen

Market segmented by technology, market is segmented into

  • Cellular
  • Wireless
  • Others

Market segmented by region

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World


Key Players:

  • ABB Ltd.
  • Control4 Corporation
  • Crestron Electronics, Inc.
  • Honeywell International Inc.
  • Ingersoll-Rand plc
  • Johnson Controls
  • Legrand SA
  • Leviton Manufacturing Company, Inc.
  • Lutron Electronics Co., Inc.
  • Schneider Electric
  • Siemens AG

Complete report with detailed table of content is available @

Some Points Of Table Of Content:

  1. Research Methodology & Scope
    1.1. Scope of the Study
    1.1.1. Research Objectives
    1.1.2. Assumptions & Limitations
    1.2. Research Process
    1.2.1. Primary Process
    1.2.2. Secondary Process
    1.2.3. Forecast Model

    2. Introduction
    2.1. Market Definition
    2.2. Recent Developments

    3. Executive Summary

    4. Market Factor Analysis
    4.1. Growth Potential Analysis
    4.2. Porter’s Five Forces Analysis
    4.3. Value/Supply Chain Analysis
    4.4. PESTEL Analysis

    5. Industry Impact Forces

    6. Global Smart Home Market By Component
    6.1. Introduction
    6.1.1. Hardware Market Estimates & Forecast, 2017-2025
    6.1.2. Software Market Estimates & Forecast, 2017-2025
    6.1.3. Service Market Estimates & Forecast, 2017-2025

    7. Global Smart Home Market By Application
    7.1. Introduction
    7.1.1. Security Market Estimates & Forecast, 2017-2025
    7.1.2. Lighting Market Estimates & Forecast, 2017-2025
    7.1.3. Entertainment Market Estimates & Forecast, 2017-2025
    7.1.4. Hvac & Energy Management Market Estimates & Forecast, 2017-2025
    7.1.5. Smart Kitchen Market Estimates & Forecast, 2017-2025

    8. Global Smart Home Market By Technology
    8.1. Introduction
    8.1.1. Cellular Market Estimates & Forecast, 2017-2025

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