Bharat Book Bureau Provides the Trending Market Research Report on “Global Smart Home Market, Forecast to 2023” under Technology & Media category. The report provides information on industry overview, market size, latest developments, industry trends, Key Manufacturers, global presence, and their future prospects.
The future of the smart home market looks attractive with opportunities in the home safety and security, appliance, entertainment, lighting, HVAC, healthcare, and kitchen applications. Global smart home market is expected to reach an estimated $107.4 billion by 2023 with a CAGR of 9.5% from 2018 to 2023. The major growth drivers for this market are increasing awareness related to safety and security, increasing consumer need for simplicity and personalized experience, and the growing adoption of cloud-based technologies.
Emerging trends, which have a direct impact on the dynamics of the smart home industry, include development of voice assistant technology for high-end automated households, emergence of air quality sensor devices that measure volatile organic compounds (VOCs), and growing adoption of video enabled drones.
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A total of 82 figures / charts and 87 tables are provided in this 169 -page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of this smart home market report, download the report brochure.
Smart Home Market Trends, Smart Home Market Forecast, Growth Opportunities for the Global Smart Home Market by Region
The study includes the smart home market size, and forecast for the global smart home market through 2023 by application, product and service, technology, and region as follows:
- Smart Home by Application [$M shipment analysis from 2012 to 2023]: Safety and Security Home Appliance, Entertainment Lighting, HVAC Home, Healthcare, Smart Kitchen, Others
- Smart Home by Product and Service Type [$M shipment analysis from 2012 to 2023]: Product Service
- Smart Home by Technology Type [$M shipment analysis from 2012 to 2023]: Protocols & Standards BACnet, Lonworks DALI, Modbus, KNX, Wireless Zigbee, Wi-Fi Bluetooth, EnOcean, Z-Wave, Others
- Smart Home by Region [$M shipment analysis for 2012 – 2023]: North America, United States, Canada, Mexico, Europe, United Kingdom, Germany, France, Asia Pacific, Japan, China, South Korea, India, The Rest of the World
- Some of the smart home companies profiled in this report include Honeywell, Johnson & Johnson ADT Corporation, Control4 Corporation, United Technologies Corporation, Siemens AG, Philips, Acuity Brands, and Vivint Inc.
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