Smart Home Market 2020-2025: Johnson Controls International, United Technologies Corporation, Schneider Electric, Honeywell International Inc, Siemens AG, Amazon Inc and Others.
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The Global Smart Home Market size is expected to grow from USD 78.3 Billion in 2020 to USD 135.3 Billion by 2025, at a CAGR of 11.6% during the forecast period.
Top Companies Profiled in the Smart Home Market:
• Johnson Controls International (Ireland)
• United Technologies Corporation (US)
• Schneider Electric (France)
• Honeywell International, Inc. (US)
• Siemens AG (Germany)
• Amazon, Inc. (US)
• Apple Inc. (US)
• Google (US)
• ADT (US)
• Robert Bosch GmbH (Germany)
• ASSA ABLOY (Sweden)
• ABB (Switzerland)
• Legrand S.A. (France)
• Samsung Electronics Co., Ltd. (South Korea)
• Delta Control (US)
• Sony (Japan)
• Control4 Corp. (US)
• Vivint (US)
• Axis Communication AB (Sweden)
“Entertainment and other control systems are likely to hold the largest share of the smart home market in 2020.”
Entertainment has become an important part of life as it provides relaxation and rejuvenation. A multi-room entertainment control system allows the user to centralize all connected devices and then listen to, watch, and control that equipment from every room in the house simultaneously or independently.
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“Behavioral type software and services are expected to account for the largest market share in 2020.”
The increasing connectivity between machine-to-machine solutions and the Internet of Things is driving the growth of the smart home and energy management markets, which has, in turn, influenced the growth of the market for software and services for smart homes. The behavioral type software and services help analyze energy-related data and forward it to end-users.
Breakdown of primary participants’ profile:
• By Company: Tier 1 =10 %, Tier 2 =30%, and Tier 3 =60%
• By Designation: C-Level Executives =50%, Directors =25%, and Others =25%
• By Region: North America =60%, Europe =20%, APAC =10%, and RoW = 10%
Competitive Landscape of Smart Home Market:
2 Key Players In Smart Home Market
2.1 Product Launches
2.2 Agreements, Partnerships And Collaborations
3 Competitive Leadership Mapping
3.1 Visionary Leaders
3.3 Dynamic Differentiators
3.4 Emerging Players
4 Business Strategy Excellence Analysis (25 Companies)
5 Strength Of Product Portfolio Analysis (25 Companies)
In this report, the smart home market has been segmented based on the product, software and services, and geography.The smart home market, by product, has been segmented into lighting control, security and access control, HVAC control, entertainment &other controls, smart speaker, home healthcare, smart kitchen, home appliances, and smart furniture.
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