The global smart home devices market size reached USD 84.52 Billion in 2021 and is expected to register a revenue CAGR of 10.4% during the forecast period, according to latest analysis by Emergen Research. The incorporation of lighting controllers with in-built data-connectivity technology is an important factor driving market revenue growth.

Smart Home Devices market intelligence assessment report weighs up on the potential region that reserves greater opportunities for this industry. Importantly, subject matter experts have taken into account every critical aspect right from the market size, share, and growth to the dramatic shift in the consumer behaviour and their growing spending capacity. The industry assessment study depicts a perfectly clear picture of both the past and the future trends to offer the stakeholders, business owners, and marketing executives an opportunity to zero in on an effective marketing strategy and boost sales.

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Competitive Terrain:

The global Smart Home Devices industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

The leading market contenders listed in the report are:

SAMSUNG, LG Electronics, Honeywell International Inc., Koninklijke Philips N.V, Amazon.com, Inc., Robert Bosch GmbH, Apple Inc, Panasonic Holdings Corporation, Sony Corporation

The research study examines historic data from 2018 and 2020 to draw forecasts until 2028. The timeline makes the report an invaluable resource for readers, investors, and stakeholders looking for key insights in readily accessible documents with the information presented in the form of tables, charts, and graphs.

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Market Overview:

The report bifurcates the Smart Home Devices Market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

Segments Covered in this report are:

  • Product Outlook (Revenue, USD Billion; 2019–2030)

    • Fire Suppression
    • Lighting Control
      1. Relays
      2. Occupancy Sensors
      3. Daylight Sensors
      4. Timers
      5. Dimmers
      6. Switches
      7. Accessories and Other Products
    • Security and Access Control
      1. Video Surveillance
      2. Hardware
      3. Software/Video Analytics
      4. Price Ranges
    • Access Control
      1. Biometric Access Control
      2. Non-Biometric Access Control
    • HVAC Control
      1. Smart Thermostats
      2. Sensors
      3. Control Valves
      4. Heating & Cooling Coils
      5. Dampers
      6. Actuators
      7. Pumps & Fans
      8. Smart Vents
    • Entertainment and Other Controls
      1. Entertainment Control
      2. Other Controls
    • Smart Speaker
    • Home Healthcare
      1. Health Status Monitors
      2. Physical Activity Monitors
    • Smart Kitchen
      1. Smart Refrigerators 
      2. Smart Coffee Makers
      3. Smart Kettles
      4. Smart Dish Washers
      5. Smart Ovens
      6. Smart Cooktops
      7. Smart Cookers
    • Home Appliances
      1. Smart Washers
      2. Smart Dryers
      3. Smart Water Heaters
      4. Smart Vacuum Cleaners
    • Smart Furniture
      1. Smart Tables
      2. Smart Desks
      3. Smart Stools & Benches
      4. Smart Sofas
      5. Smart Chairs
  • Price Range Outlook (Revenue, USD Billion; 2019–2030)

    • Below USD 25 Smart Home Device
    • USD 25-50 Smart Home Device
    • Above USD 50 Smart Home Device
  • Sales Channel Outlook (Revenue, USD Billion; 2019–2030)

    • Online
    • Offline

The research report offers a comprehensive regional analysis of the market with regards to production and consumption patterns, import/export, market size and share in terms of volume and value, supply and demand dynamics, and presence of prominent players in each market. 

Regional Analysis Covers:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Points Covered in This Section:

  • Regional contribution
  • Estimated revenue generation
  • Vital data and information about the consumption rate in all the leading regional segments
  • An expected rise in market share
  • Forecast growth in the overall consumption rate

Key Objectives of the Report:

  • Analysis and estimation of the Smart Home Devices Market size and share for the projected period of 2020-2027
  • Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
  • Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Smart Home Devices Market
  • Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
  • Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities

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