Smart Homes Market - Growth, Trends, And Forecasts 2022 - 2031

The global smart homes market report by the business research company identifies increasing growing adoption of smart devices to be a major growth driver for the smart homes market. Smart devices are defined as objects used in everyday life that are made intelligent through advanced computing techniques such as machine learning and artificial intelligence, which are networked to form the internet of things. These smart home devices can be interconnected and accessed through laptops, smartphones, tablets, or other smart devices. For instance, according to MediaPost, a US-based integrated publishing and conference company, 15% of households across the world are predicted to have a smart home device installed by 2023. Moreover, 69% of households in the US have at least one smart device. Therefore, the rising adoption of smart devices is driving the growth of the smart homes market.

The global smart homes market size is expected to grow from $76.95 billion in 2021 to $91.79 billion in 2022 at a compound annual growth rate (CAGR) of 19.3%. The global smart homes market size is expected to grow to $205.61 billion in 2026 at a CAGR of 22.3%.

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Asia-Pacific was the largest region in the smart homes market in 2021. Asia-Pacific is expected to be the fastest-growing region in the global smart homes market during the forecast period. The regions covered in the global smart homes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Major players in the smart homes market are Honeywell International Inc, Siemens AG, Johnson Controls International, Schneider Electric SE, United Technologies Corporation, Amazon Inc, Apple, Google, Robert Bosch GmbH, Samsung Electronics, LG Electronics, Sony Corporation, Control4 Corporation, Comcast Corporation, Lutron Electronics Co. Inc, Legrand SA, Smart home Inc, General Electric Company, Ingersoll-Rand PLC, Delta Controls, Axis Communications, Crestron Electronics, SimpliSafe, Armorax and Canary.

The global smart homes market is segmented -
1) By Product: Lighting Control, Security and Access Control, Heating, Ventilation, and Air Conditioning (HVAC) Control, Entertainment Control and Other Controls, Smart Speaker, Home Healthcare, Smart Kitchen, Home Appliances, Smart Furniture
2) By Software And Services: Behavioural, Proactive
3) By Sales Channel: Direct, Indirect
4) By Technology: Wireless Technology, Cellular Network Technology
5) By Standards And Protocols: Wireless Protocols, Wired Protocols, Hybrid Protocols

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The Smart Homes Market Report Contents Include
1. Executive Summary
2. Smart Homes Market Characteristics
3. Smart Homes Market Trends And Strategies
4. Impact Of COVID-19 On Smart Homes
5. Smart Homes Market Size And Growth
....
26. Africa Smart Homes Market
27. Smart Homes Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Smart Homes Market
29. Smart Homes Market Future Outlook and Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the smart homes market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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