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Smart Home Systems Market By System (Lighting Control, Security and Access Control, HVAC Control, Entertainment and Other Controls, Home Appliances, and Others): Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2026

  • Publish On: Feb-2020
  • Total Pages: 110
  • Report Code: FAF-506
  • Base Year: 2019
  • Format:

Industry Insights

This professional and specialized report study examines the technical and business perspective of the smart home systems industry. The report provides a historical analysis of the industry as well as the projected trends expected to be witnessed in the smart home systems market. The report study analyzes the market statistics at the global as well as the regional levels to gain an in-depth perspective of the overall smart home systems market. The historical insights are provided from 2016 to 2019 and projected trends are provided from 2020 to 2026. The quantitative data is provided in terms of value (USD Million) for 2016 – 2026. The qualitative data is reinforced by analyzing and providing numerous market dynamics (directly or indirectly affecting the industry) such as growth drivers, restraints, challenges, and opportunities.

We have included various industry analysis models in our report and extensively demonstrated the key business strategies and competitive landscape of the smart home systems market in our study.

Our study also includes an analysis of Porter’s Five Forces framework for understanding the competitive strategies adopted by various stakeholders involved in the entire value chain of the smart home systems market. It also encompasses PESTLE analysis and SWOT analysis.

The report also offers an in-depth analysis of the market shares of each industry player and gives an outline of the market position of key players in the smart home systems market. Moreover, the study offers wide coverage of key strategic advances witnessed in the market such as new product launches, acquisitions & mergers, collaborations & joint ventures, funding & VC activities, agreements, partnerships, R&D activities, and regional expansion of key players of the smart home systems market.

The research study provides a critical assessment of the smart home systems industry by logically segmenting the market on the basis of system and regions. Based on the past, present, and future trends, all the segments were analyzed from the bottom up, and the market sizes have been estimated from 2020 to 2026. The regional segmentation of the smart home systems industry includes the holistic bifurcation of all the five major continents including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Smart home systems monitor the heating, air conditioning, television and facilities in a home. This system also provide services such as home security, access monitoring, and alarm systems. When integrated with the internet, these systems can be controlled by using mobile devices. These mobile devices are used to remote control over the web of all home controls. In addition, a home security device combined with an automated home management network can provide services like remote monitoring over the internet of security cameras or authentication and central locking of all windows and doors in the vicinity. One can design and develop a user interface which can be used on wall-mounted, tablet or desktop monitors, a mobile application and managed off-site through the cloud.

In recent years, the real estate sector has seen a significant rise in urban cities, which has fueled the home automation systems market. Rapid technological advancements have led to the introduction of new smart home devices in the market. Real estate companies are integrating various security surveillance systems with smart devices such as mobile, tablets, computers, etc. This has been a key factor that has driven the global smart home systems market. Moreover, the emergence of home control products powered with Internet over Things technology (IoT) is expected to drive the global smart home systems market in years ahead. However, the lack of technical capabilities of older home products to be integrated with newer software-based home automation systems has hindered the global smart home systems market growth.

The smart home systems market is segmented based on the system.  On the basis of system segmentation, the market is classified into lighting control, security and access control, HVAC control, entertainment, and other controls, home appliances, and others.

Some of the essential players operating in the smart home systems market, but not restricted to include Alarm.com, Amazon.com Inc., Chiyu Technology Co. Ltd., Control4, Crestron Electronics, Google LLC, Leviton Manufacturing Company Inc., Logitech International S.A., Mantra Softech Pvt. Ltd., Orient Electric Limited, Honeywell International, Johnson Controls International plc, Samsung, Schneider Electric SE, Siemens, Robert Bosch GmbH, and other key players.

The taxonomy of the smart home systems Market by its scope and segmentation is as follows:

Global Smart Home Systems Market: By System Segmentation Analysis

  • Lighting Control
  • Security and Access Control
  • HVAC Control
  • Entertainment and Other Controls
  • Home Appliances
  • Others

Global Smart Home Systems Market: Regional Segmentation Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

KEY BUSINESS POINTERS ADDRESSED & FOREMOST REASONS TO PROCURE THE REPORT:

  • Statistical Analysis of the Past, Current, and Future Trends of the Industry with Validated Market Sizes Data
  • Direct and Indirect Rationales Impacting the Industry
  • In-depth and Micro Analysis of Viable Segments and Sub-segments
  • Companies and Vendors Market Share, Competitive Landscape, and Player Positioning Analysis
  • Demand Side (Consumption) and Supply Side (Production) Perspective and Analysis wherever applicable
  • Key Buyers and End-Users Analysis
  • Value Chain and Manufacturing Cost Structure Analysis wherever relevant
  • Key Marketing Strategies as well as Key Sales Channels adopted in the market
  • Investment Opportunity Analysis & Patents Analysis wherever feasible
  • Technological Road Map & Technical Analysis
  • Robust Research Methodology comprising dynamic mix (65%~35%) of Extensive Primary Research (primary interviews, ad-hoc surveys, questionnaires) and Protracted Secondary Research (proprietary in-house database, paid external databases, publically available validated sources)

Table of Content

  1. CHAPTER 1. Executive Summary
  2. CHAPTER 2. Smart Homes Systems market – System Analysis
    1. 2.1. Global Smart Homes Systems Market – System Overview
    2. 2.2. Global Smart Homes Systems Market Share, by System, 2019&2026 (USD Million)
    3. 2.3. Lighting Control
      1. 2.3.1. Global Lighting Control Smart Homes Systems Market, 2016-2026 (USD Million)
    4. 2.4. Security and Access Control
      1. 2.4.1. Global Security and Access Control Smart Homes Systems Market, 2016-2026 (USD Million)
    5. 2.5. HVAC Control
      1. 2.5.1. Global HVAC Control Smart Homes Systems Market, 2016-2026 (USD Million)
    6. 2.6. Entertainment and Other Controls
      1. 2.6.1. Global Entertainment and Other Controls Smart Homes Systems Market, 2016-2026 (USD Million)
    7. 2.7. Home Appliances
      1. 2.7.1. Global Home Appliances Smart Homes Systems Market, 2016-2026 (USD Million)
    8. 2.8. Others
      1. 2.8.1. Global Others Smart Homes Systems Market, 2016-2026 (USD Million)
  3. CHAPTER 3. Smart Homes Systems market – Regional Analysis
    1. 3.1. Global Smart Homes Systems Market Regional Overview
    2. 3.2. Global Smart Homes Systems Market Share, by Region, 2019&2026 (Value)
    3. 3.3. North America
      1. 3.3.1. North America Smart Homes Systems Market size and forecast, 2016-2026
      2. 3.3.2. North America Smart Homes Systems Market, by Country, 2019&2026 (USD Million)
      3. 3.3.3. North America Smart Homes Systems Market, by System, 2016-2026
        1. 3.3.3.1. North America Smart Homes Systems Market, by System, 2016-2026 (USD Million)
      4. 3.3.4. U.S.
        1. 3.3.4.1. U.S. Market size and forecast, 2016-2026 (USD Million)
      5. 3.3.5. Canada
        1. 3.3.5.1. Canada Market size and forecast, 2016-2026 (USD Million)
    4. 3.4. Europe
      1. 3.4.1. Europe Smart Homes Systems Market size and forecast, 2016-2026
      2. 3.4.2. Europe Smart Homes Systems Market, by Country, 2019&2026 (USD Million)
      3. 3.4.3. Europe Smart Homes Systems Market, by System, 2016-2026
        1. 3.4.3.1. Europe Smart Homes Systems Market, by System, 2016-2026 (USD Million)
      4. 3.4.4. Germany
        1. 3.4.4.1. Germany Market size and forecast, 2016-2026 (USD Million)
      5. 3.4.5. France
        1. 3.4.5.1. France Market size and forecast, 2016-2026 (USD Million)
      6. 3.4.6. U.K.
        1. 3.4.6.1. U.K. Market size and forecast, 2016-2026 (USD Million)
      7. 3.4.7. Italy
        1. 3.4.7.1. Italy Market size and forecast, 2016-2026 (USD Million)
      8. 3.4.8. Spain
        1. 3.4.8.1. Spain Market size and forecast, 2016-2026 (USD Million)
      9. 3.4.9. Rest of Europe
        1. 3.4.9.1. Rest of Europe Market size and forecast, 2016-2026 (USD Million)
    5. 3.5. Asia Pacific
      1. 3.5.1. Asia Pacific Smart Homes Systems Market size and forecast, 2016-2026
      2. 3.5.2. Asia Pacific Smart Homes Systems Market, by Country, 2019&2026 (USD Million)
      3. 3.5.3. Asia Pacific Smart Homes Systems Market, by System, 2016-2026
        1. 3.5.3.1. Asia Pacific Smart Homes Systems Market, by System, 2016-2026 (USD Million)
      4. 3.5.4. China
        1. 3.5.4.1. China Market size and forecast, 2016-2026 (USD Million)
      5. 3.5.5. Japan
        1. 3.5.5.1. Japan Market size and forecast, 2016-2026 (USD Million)
      6. 3.5.6. India
        1. 3.5.6.1. India Market size and forecast, 2016-2026 (USD Million)
      7. 3.5.7. South Korea
        1. 3.5.7.1. South Korea Market size and forecast, 2016-2026 (USD Million)
      8. 3.5.8. South-East Asia
        1. 3.5.8.1. South-East Asia Market size and forecast, 2016-2026 (USD Million)
      9. 3.5.9. Rest of Asia Pacific
        1. 3.5.9.1. Rest of Asia Pacific Market size and forecast, 2016-2026 (USD Million)
    6. 3.6. Latin America
      1. 3.6.1. Latin America Smart Homes Systems Market size and forecast, 2016-2026
      2. 3.6.2. Latin America Smart Homes Systems Market, by Country, 2019&2026 (USD Million)
      3. 3.6.3. Latin America Smart Homes Systems Market, by System, 2016-2026
        1. 3.6.3.1. Latin America Smart Homes Systems Market, by System, 2016-2026 (USD Million)
      4. 3.6.4. Brazil
        1. 3.6.4.1. Brazil Market size and forecast, 2016-2026 (USD Million)
      5. 3.6.5. Mexico
        1. 3.6.5.1. Mexico Market size and forecast, 2016-2026 (USD Million)
      6. 3.6.6. Rest of Latin America
        1. 3.6.6.1. Rest of Latin America Market size and forecast, 2016-2026 (USD Million)
    7. 3.7. The Middle-East and Africa
      1. 3.7.1. The Middle-East and Africa Smart Homes Systems Market size and forecast, 2016-2026
      2. 3.7.2. The Middle-East and Africa Smart Homes Systems Market, by Country, 2019&2026 (USD Million)
      3. 3.7.3. The Middle-East and Africa Smart Homes Systems Market, by System, 2016-2026
        1. 3.7.3.1. The Middle-East and Africa Smart Homes Systems Market, by System, 2016-2026 (USD Million)
      4. 3.7.4. GCC Countries
        1. 3.7.4.1. GCC Countries Market size and forecast, 2016-2026 (USD Million)
      5. 3.7.5. South Africa
        1. 3.7.5.1. South Africa Market size and forecast, 2016-2026 (USD Million)
      6. 3.7.6. Rest of Middle-East Africa
        1. 3.7.6.1. Rest of Middle-East Africa Market size and forecast, 2016-2026 (USD Million)
  4. CHAPTER 4. Smart Homes Systems market – Competitive Landscape
    1. 4.1. Competitor Market Share – Revenue
    2. 4.2. Market Concentration Rate Analysis, Top 3 and Top 5 Players
    3. 4.3. Strategic Development
      1. 4.3.1. Acquisitions and Mergers
      2. 4.3.2. New Products
      3. 4.3.3. Research & Development Activities
  5. CHAPTER 5. Company Profiles
    1. 5.1. Alarm.com
      1. 5.1.1. Company Overview
        1. 5.1.2. Alarm.com Revenue and Gross Margin
      2. 5.1.3. Product portfolio
      3. 5.1.4. Recent initiatives
      4. 5.2. Amazon.com Inc.
      5. 5.2.1. Company Overview
        1. 5.2.2. Amazon.com Inc. Revenue and Gross Margin
      6. 5.2.3. Product portfolio
      7. 5.2.4. Recent initiatives
    2. 5.3. Chiyu Technology Co. Ltd.
      1. 5.3.1. Company Overview
      2. 5.3.2. Chiyu Technology Co. Ltd. Revenue and Gross Margin
      3. 5.3.3. Product portfolio
      4. 5.3.4. Recent initiatives
    3. 5.4. Control4
      1. 5.4.1. Company Overview
      2. 5.4.2. Control4 Revenue and Gross Margin
      3. 5.4.3. Product portfolio
      4. 5.4.4. Recent initiatives
    4. 5.5. Crestron Electronics
      1. 5.5.1. Company Overview
      2. 5.5.2. Crestron Electronics Revenue and Gross Margin
      3. 5.5.3. Product portfolio
      4. 5.5.4. Recent initiatives
    5. 5.6. Google LLC
      1. 5.6.1. Company Overview
      2. 5.6.2. Google LLC Revenue and Gross Margin
      3. 5.6.3. Product portfolio
      4. 5.6.4. Recent initiatives
    6. 5.7. Leviton Manufacturing Company Inc.
      1. 5.7.1. Company Overview
      2. 5.7.2. Leviton Manufacturing Company Inc. Revenue and Gross Margin
      3. 5.7.3. Product portfolio
      4. 5.7.4. Recent initiatives
    7. 5.8. Logitech International S.A.
      1. 5.8.1. Company Overview
      2. 5.8.2. Logitech International S.A. Revenue and Gross Margin
      3. 5.8.3. Product portfolio
      4. 5.8.4. Recent initiatives
    8. 5.9. Mantra Softech Pvt. Ltd.
      1. 5.9.1. Company Overview
      2. 5.9.2. Mantra Softech Pvt. Ltd. Revenue and Gross Margin
      3. 5.9.3. Product portfolio
      4. 5.9.4. Recent initiatives
    9. 5.10. Orient Electric Limited
      1. 5.10.1. Company Overview
      2. 5.10.2. Orient Electric Limited Revenue and Gross Margin
      3. 5.10.3. Product portfolio
      4. 5.10.4. Recent initiatives
    10. 5.11. Honeywell International
      1. 5.11.1. Company Overview
      2. 5.11.2. Honeywell International Revenue and Gross Margin
      3. 5.11.3. Product portfolio
      4. 5.11.4. Recent initiatives
    11. 5.12. Johnson Controls International plc
      1. 5.12.1. Company Overview
      2. 5.12.2. Johnson Controls International plc Revenue and Gross Margin
      3. 5.12.3. Product portfolio
      4. 5.12.4. Recent initiatives
    12. 5.13. Samsung
      1. 5.13.1. Company Overview
      2. 5.13.2. Samsung Revenue and Gross Margin
      3. 5.13.3. Product portfolio
      4. 5.13.4. Recent initiatives
    13. 5.14. Schneider Electric SE
      1. 5.14.1. Company Overview
      2. 5.14.2. Schneider Electric SE Revenue and Gross Margin
      3. 5.14.3. Product portfolio
      4. 5.14.4. Recent initiatives
    14. 5.15. Siemens
      1. 5.15.1. Company Overview
      2. 5.15.2. Siemens Revenue and Gross Margin
      3. 5.15.3. Product portfolio
      4. 5.15.4. Recent initiatives
    15. 5.16. Robert Bosch GmbH
      1. 5.16.1. Company Overview
      2. 5.16.2. Robert Bosch GmbH Revenue and Gross Margin
      3. 5.16.3. Product portfolio
      4. 5.16.4. Recent initiatives
  6. CHAPTER 6. Smart Homes Systems — Industry Analysis
    1. 6.1. Smart Homes Systems Market – Key Trends
      1. 6.1.1. Market Drivers
      2. 6.1.2. Market Restraints
      3. 6.1.3. Market Opportunities
    2. 6.2. Value Chain Analysis
    3. 6.3. Technology Roadmap and Timeline
    4. 6.4. Smart Homes Systems Market – Attractiveness Analysis
      1. 6.4.1. By System
      2. 6.4.2. By Region
  7. CHAPTER 7. Marketing Strategy Analysis, Distributors
    1. 7.1. Marketing Channel
    2. 7.2. Direct Marketing
    3. 7.3. Indirect Marketing
    4. 7.4. Marketing Channel Development Trend
    5. 7.5. Economic/Political Environmental Change
  8. CHAPTER 8. Report Conclusion
  9. CHAPTER 9. Research Approach & Methodology
    1. 9.1. Report Description
    2. 9.2. Research Scope
    3. 9.3. Research Methodology
      1. 9.3.1. Secondary Research
      2. 9.3.2. Primary Research
      3. 9.3.3. Models
        1. 9.3.3.1. Company Share Analysis Model
        2. 9.3.3.2. Revenue Based Modeling
        3. 9.3.3.3. Research Limitations

        List of Figures

        FIG. 1 Global Smart Homes Systems Market, 2016-2026 (USD Million)
        FIG. 2 Global Smart Homes Systems Market Share, by System, 2019&2026 (USD Million)
        FIG. 3 Global Lighting Control Smart Homes Systems Market, 2016-2026 (USD Million)
        FIG. 4 Global Security and Access Control Smart Homes Systems Market, 2016-2026 (USD Million)
        FIG. 5 Global HVAC Control Smart Homes Systems Market, 2016-2026 (USD Million)
        FIG. 6 Global Entertainment and Other Controls Smart Homes Systems Market, 2016-2026 (USD Million)
        FIG. 7 Global Home Appliances Smart Homes Systems Market, 2016-2026 (USD Million)
        FIG. 8 Global Others Smart Homes Systems Market, 2016-2026 (USD Million)
        FIG. 9 Global Smart Homes Systems Market Share, by Region, 2019&2026
        FIG. 10 North America Smart Homes Systems Market, 2016-2026
        FIG. 11 U.S. Smart Homes Systems Market, 2016-2026
        FIG. 12 Canada Smart Homes Systems Market, 2016-2026
        FIG. 13 Europe Smart Homes Systems Market, 2016-2026
        FIG. 14 Germany Smart Homes Systems Market, 2016-2026
        FIG. 15 France Smart Homes Systems Market, 2016-2026
        FIG. 16 U.K. Smart Homes Systems Market, 2016-2026
        FIG. 17 Italy Smart Homes Systems Market, 2016-2026
        FIG. 18 Spain Smart Homes Systems Market, 2016-2026
        FIG. 19 Rest of Europe Smart Homes Systems Market, 2016-2026
        FIG. 20 Asia Pacific Smart Homes Systems Market, 2016-2026
        FIG. 21 China Smart Homes Systems Market, 2016-2026
        FIG. 22 Japan Smart Homes Systems Market, 2016-2026
        FIG. 23 India Smart Homes Systems Market, 2016-2026
        FIG. 24 South  Korea Smart Homes Systems Market, 2016-2026
        FIG. 25 South-East Asia Smart Homes Systems Market, 2016-2026
        FIG. 26 Rest of Asia Pacific Smart Homes Systems Market, 2016-2026
        FIG. 27 Latin America Smart Homes Systems Market, 2016-2026
        FIG. 28 Brazil Smart Homes Systems Market, 2016-2026
        FIG. 29 Mexico Smart Homes Systems Market, 2016-2026
        FIG. 30 Rest of Latin America Smart Homes Systems Market, 2016-2026
        FIG. 31 The Middle-East and Africa Smart Homes Systems Market, 2016-2026
        FIG. 32 GCC Countries Smart Homes Systems Market, 2016-2026
        FIG. 33 South Africa Smart Homes Systems Market, 2016-2026
        FIG. 34 Rest of Middle-East Africa Smart Homes Systems Market, 2016-2026
        FIG. 35 Competitor Market Share – Revenue
        FIG. 36 Alarm.com Revenue and Growth Rate
        FIG. 37 Alarm.com Market Share
        FIG. 38 Amazon.com Inc. Revenue and Growth Rate
        FIG. 39 Amazon.com Inc. Market Share
        FIG. 40 Chiyu Technology Co. Ltd. Revenue and Growth Rate
        FIG. 41 Chiyu Technology Co. Ltd. Market Share
        FIG. 42 Control4 Revenue and Growth Rate
        FIG. 43 Control4 Market Share
        FIG. 44 Crestron Electronics Revenue and Growth Rate
        FIG. 45 Crestron Electronics Market Share
        FIG. 46 Google LLC Revenue and Growth Rate
        FIG. 47 Google LLC Market Share
        FIG. 48 Leviton Manufacturing Company Inc. Revenue and Growth Rate
        FIG. 49 Leviton Manufacturing Company Inc. Market Share
        FIG. 50 Logitech International S.A. Revenue and Growth Rate
        FIG. 51 Logitech International S.A. Market Share
        FIG. 52 Mantra Softech Pvt. Ltd. Revenue and Growth Rate
        FIG. 53 Mantra Softech Pvt. Ltd. Market Share
        FIG. 54 Orient Electric Limited Revenue and Growth Rate
        FIG. 55 Orient Electric Limited Market Share
        FIG. 56 Honeywell International Revenue and Growth Rate
        FIG. 57 Honeywell International Market Share
        FIG. 58 Johnson Controls International plc Revenue and Growth Rate
        FIG. 59 Johnson Controls International plc Market Share
        FIG. 60 Samsung Revenue and Growth Rate
        FIG. 61 Samsung Market Share
        FIG. 62 Schneider Electric SE Revenue and Growth Rate
        FIG. 63 Schneider Electric SE Market Share
        FIG. 64 Siemens Revenue and Growth Rate
        FIG. 65 Siemens Market Share
        FIG. 66 Robert Bosch GmbH Revenue and Growth Rate
        FIG. 67 Robert Bosch GmbH Market Share
        FIG. 68 Market Dynamics
        FIG. 69 Global Smart Homes Systems – Value Chain Analysis
        FIG. 70 Technology Roadmap and Timeline
        FIG. 71 Market Attractiveness Analysis – By System
        FIG. 72 Market Attractiveness Analysis – By Region
        FIG. 73 Market Channel
        FIG. 74 Marketing Channel Development Trend
        FIG. 75 Growth in World Gross Product, 2008-2019
        

        List of Tables

        TABLE 1 Global Smart Homes Systems Market, 2019&2026 (USD Million)
        TABLE 2 Global Smart Homes Systems market, by System, 2016-2026 (USD Million)
        TABLE 3 Global Smart Homes Systems market, by Region, 2016-2026 (USD Million)
        TABLE 4 North America Smart Homes Systems Market, by System, 2016-2026 (USD Million)
        TABLE 5 Europe Smart Homes Systems Market, by System, 2016-2026 (USD Million)
        TABLE 6 Asia Pacific Smart Homes Systems Market, by System, 2016-2026 (USD Million)
        TABLE 7 Latin America Smart Homes Systems Market, by System, 2016-2026 (USD Million)
        TABLE 8 The Middle-East and Africa Smart Homes Systems Market, by System, 2016-2026 (USD Million)
        TABLE 9 Global Smart Homes Systems Market - Company Revenue Analysis2016-2019 (USD Million)
        TABLE 10 Global Smart Homes Systems Market - Company Revenue Share Analysis 2016-2019
        TABLE 11 Acquisitions and Mergers
        TABLE 12 New Product/Service Launch
        TABLE 13 Research & Development Activities
        TABLE 14 Market Drivers
        TABLE 15 Market Restraints
        TABLE 16 Market Opportunities
        

Key Insights from Primary Research

  • As per our primary respondents, the global smart home systems market is estimated to grow over the forecasted period, recording a CAGR of approximately 13%.
  • From our primary research, we gathered the insights that the rise in the adoption of monitoring systems for light monitoring, HVAC monitoring, security and authentication applications, etc. has been a key factor that has augmented the market across the globe.
  • Our primary interviewees predicted that the the Asia-Pacific region is expected to dominate the global smart home systems market, due to the rising real estate market in developing countries such as India, China, etc. and growing urbanization.
  • Based on system, the home appliances market dominated the global smart home systems market in 2019, recording a market share of approximately 30%. The home appliances market is estimated to grow at a CAGR of nearly 12% till 2026.
  • On the basis of region, India smart home systems market accounted for a share of around 10% in 2019 and is anticipated to record a CAGR of nearly 13% over the forecasted period due to rising demand for security and authentication systems and lightening control systems from consumers.

Key Recommendations from Analysts

  • As per our analysts, the global smart home systems market is predicted to reach a market value of nearly USD 220 billion in 2026 from a value of USD 85 billion in 2019.
  • Changing consumer preferences has been a key factor that influenced consumers to take necessary security measure to avoid unauthorized access and reduce threats related to thefts, which has led to an increase in the demand for security surveillance systems.
  • Moreover, with rise in demand for smart home systems, the demand for integration of such products with other smart products is anticipated to create new revenue generating avenues in the global smart home systems market for companies planning to enter the integration services market.
  • Our analysts predict also estimate that Australia smart home systems is expected to reach a market value of approximately USD 9 billion till 2026, recording a CAGR of around 11%.
  • According to our analysts, on the basis of systems, the entertainment and other controls smart home systems market is probable to record the fastest growth among all other segments and is predicted to reach a market value of around USD 30 billion till 2026. Changing lifestyle has influenced consumers to spend more on customized entertainment solutions, which is a growth fueling factor for the entertainment and other controls smart home systems market.

The Global Smart Home Systems Market Share – By System

Smart Home Systems Market

Industry Major Market Players

  • Alarm.com
  • Amazon.com Inc.
  • Chiyu Technology Co. Ltd.
  • Control4
  • Crestron Electronics
  • Google LLC
  • Leviton Manufacturing Company Inc.
  • Logitech International S.A.
  • Mantra Softech Pvt. Ltd.
  • Orient Electric Limited
  • Honeywell International
  • Johnson Controls International plc
  • Samsung
  • Schneider Electric SE
  • Siemens
  • Robert Bosch GmbH

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