Smart Home Devices Market

Smart Home Devices Market: Security & Surveillance Application Segment to Lead in Terms of Market Share Through 2027: Global Industry Analysis (2012 - 2016) and Opportunity Assessment (2017 - 2027)

  • 2017-12-26
  • REP-GB-5840
  • 403 pages
  • PDF PPT EXCEL
 Smart Home Devices Market

An Incisive, In-depth Analysis on the Smart Home Devices Market

This study offers a comprehensive, 360 degree analysis on the Smart Home Devices market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Smart Home Devices market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

Smart home devices are used to implement home automation systems that may include important electrical appliances used at home for establishing a communications network with such devices and for controlling such devices remotely. Smart home devices can also be used to monitor and access the data related to various home devices. By using smart home devices, users can easily monitor and control the home functions and multiple aspects associated with it. For instance, smart home devices can be used to control the lighting, temperature, various multi-media devices, security devices, as well as window and door operations. As per the estimates by Future Market Insights, revenue from the global smart home devices market is estimated to increase from nearly US$ 20 Bn in the year 2017 to about US$ 125 Bn by the end of the year 2027, exhibiting a CAGR of 19.7% during the period of assessment from 2017 to 2027.

Increase in the global per capita income and increased spending on smart cities likely to benefit the global smart home devices market

Macro-economic factors such as an increase in the global per capita income and increased spending on smart cities globally is stimulating the global smart home devices market. As per the available data, the global per capita income in the year 2012 was US$ 14,072, which increased to US$ 16,143 in the year 2016. Consequently, there has been an increased spending on smart home devices all over the world. This increase in per capita income has in turn boosted the growth of the smart home devices market all over the world.

Another factor that is supporting revenue growth of global smart home devices market is the rapid growth in smart cities all over the world, and this growth is likely to significantly impact the growth of the smart home devices market. Various governments in the world are supporting the growth of smart cities by committing all kinds of support, both policy wise and resource allocation wise. With the development of smart cities, the pace of new construction will increase, which is likely to support the growth of the smart home devices market the world over. Another aspect to the development of smart cities is the emergence and construction of smart buildings. An increase in the need for smart buildings is expected to increase the demand for energy saving infrastructure such as smart home devices, and this is likely to lead to the development of the smart home devices market globally.

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Global smart home devices market analysis by application

The security and surveillance segment is anticipated to dominate the application category of the global smart home devices market. In the year 2017, the security and surveillance segment is estimated to be valued at nearly US$ 5,300 Mn, and this is forecasted to reach a valuation of nearly US$ 35,850 Mn in the year 2027, exhibiting a CAGR of 21.1% during the period of assessment. This is the highest growth rate exhibited by the security and surveillance segment amongst all the segments in the application category. The building energy management segment is estimated to be valued at US$ 4,120 Mn in the year 2017 and is forecasted to reach a value of nearly US$ 24,500 Mn in the year 2027, exhibiting a CAGR of 19.5% during the period of assessment. The lighting segment is estimated to be valued at nearly US$ 4,300 Mn in the year 2017 and is poised to reach a value of nearly US$ 28,500 Mn in the year 2027, registering a CAGR of 20.9% during the period of assessment.

Introduction

Future Market Insights presents a detailed and a meticulously prepared report titled ‘Smart Home Devices Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)’. This report tracks the global smart home devices market and provides a comprehensive forecast for this market for a period of 10 years. Smart home devices are used to implement home automation systems and are used for establishing a communication network with smart devices at home and also to control them remotely.

Report Structure

In order to have an ease of understanding and an organised structure, the report on the global smart home devices market has been divided into four distinct parts. The first section of the report contains the introduction section that has the executive summary of the report along with the market taxonomy and market definition along with the market viewpoint. The global smart home devices market value chain analysis and market snapshot for the year 2017 are also given in the introduction section. The second part of the report contains the regional smart home devices market analysis and the regions are chosen as per the market taxonomy. In this regional section, the drivers, restraints and trends applying to the smart home devices market are discussed in detail along with the regional market numbers. The last part of the report comprises the global smart home devices market analysis and forecast by region, by component and by application. This section of the report contains important market numbers in the form of market attractiveness index, absolute dollar opportunity, incremental dollar opportunity and basis point share analysis.

Competition Landscape

Another part of the report contains the competition landscape of the global smart home devices market and includes information on the key players operating in this market. The competition landscape contains detailed information on the important companies operating in the global smart home devices market in the form of company description, product overview, key developments, strategic overview and key financials of each of the featured companies along with a SWOT analysis. This competition landscape is a valuable part of the report as it contains all the necessary information to study the leading companies operating in the global smart home devices market in detail and also reveals how they implement their strategies and vision to stay at the top in this highly competitive market.

Research Methodology

Overall market size has been analysed through historical data, primary responses, and public domain data. Revenue of companies in the smart home devices market has been benchmarked to ascertain the market size for the base year. Macroeconomic indicators such as GDP and industry growth have been considered to forecast the market size over the forecast period. The historical growth trend of end-use industries, market participants’ performance, as well as the present macro-economic outlook has been taken into consideration for estimating the overall market trend forecast. This data is then validated using the triangulation method and is extensively scrutinised using advanced tools to garner quantitative and qualitative insights into the global smart home devices market.

Market Taxonomy

Component

Application

Region

Devices

Services

  • Lighting Control Devices

    • Dimmers

    • Switches

    • Sensors

    • Others

  • Security and Control Devices

    • Video Surveillance

    • Access Control

    • Fire and Smoke Detectors

  • Entertainment Devices

  • Healthcare Devices

  • Kitchen and Home Appliances

  • Energy Management Devices

  • HVAC

  • Professional Services

  • Managed Services

  • Building Energy Management

  • Security and Surveillance

  • Lighting

  • HVAC

  • Others

  • North America

  • Western Europe

  • Eastern Europe

  • Latin America

  • APEJ

  • Japan

  • MEA

Smart Home Devices Market Reports - Table of Contents

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