Lucintel's latest market report analyzed that smart home provides attractive opportunities in home safety and security, appliance, entertainment, lighting, HVAC, healthcare, and kitchen applications. The Smart Home market is expected to reach $119 billion by 2025 with a CAGR of 8%. In this market, safety and security is the largest segment by end use industry, whereas wireless is largest by technology type. 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 provides strategic growth path in this market.
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Based on application, the smart home market is segmented into safety and security, home appliance, kitchen appliance, entertainment control, lighting control, HVAC control, and smart healthcare. The safety and security segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period, due to the increasing need for continuous monitoring services to reduce the risk of crime, burglary, and theft.
Browse in-depth TOC on “Smart Home Market”
87 – Tables
96 – Figures
182 – Pages
The Smart Home Market is marked by the presence of several big and small players. Some of the prominent players offering smart home include Honeywell, Johnson & Johnson ADT Corporation, Control4 Corporation, United Technologies Corporation, Siemens AG, Philips, Acuity Brands, and Vivint Inc
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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected].
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Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: [email protected]
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The Smart Home Market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the smart home market include ABB Ltd., Control4 Corporation, Crestron Electronics, Emerson Electric Co., Honeywell, Legrand S.A., Lutron Electronics, Schneider Electric S.A., Siemens AG and Tyco International Ltd.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Smart Home Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/smart-home-market/download-sampleMarket DynamicsThe growing demand for mobility and increasing need for standardization across the globe is driving the market growth.
High adoption of access control solutions owing to increasing crime rates globally is also expanding the market presence.
However, the high initial cost associated with smart home may limit the market growth.
