Global Smart Homes Market Size Analysis, 2019-2028

REPORT ID: BR1074Domain: Smart TechnologiesPublished Date: August 2019
Pages: 300+Format: PDF

Global smart home devices market size is estimated to surpass 1 Bn unit shipments and is valued at US$ 57.4 Bn in 2019. The prime adoption of such devices is due to increased consumer spending in the developed countries and robust telecommunication infrastructure across these regions. In addition, post 2020, with the advent of 5G connectivity, the global smart home devices market is expected to register a significant CAGR till 2025. Growing number of investments in infrastructure projects such as smart cities and government initiatives supporting efficient ways for lighting and energy projects are also expected to drive growth of the market in the near future.

Global Smart Home Devices Market, by Product Type:

In 2019, the video entertainment segment is estimated to account for the largest revenue share of above 35%, followed by speaker segment with above 20%. The smart speaker segment witnessed significant growth in developed countries over the past few years, and is gaining strong momentum in developing countries such as India and Brazil. The top players in this category are Amazon Echo and Google Home. Various companies focus on introducing smart speaker products that support Amazon’s Alexa or Google Assistant. In addition, devices with support for Siri, Cortana, and Bixby will also gain momentum in coming years.

Global Smart Home Devices Market Key Developments, Insights, and Trends:

Various established players are focusing on entering the smart home devices market with, and broadening its portfolio, through product launches. These players focus on using their wide distribution network in order to market their smart home devices products and gain an upper hand against local competition.

  • In August 2019, Sony Corporation announced the launch of its ‘SRS-XB402M’, a new wireless speaker with Alexa support, in order to tap into the smart home devices market. 
  • In May 2019, Amazon launched ‘Amazon Echo Show 5’, a new speaker a in the Amazon Echo Show range in order to broaden its product portfolio

Global Smart Home Devices Market, by Region:

Among all the regions, US smart home devices market currently dominates the global market and is estimated to account for over 45% market share in 2019. This is primarily due to the increasing consumer spending, robust internet infrastructure and growing adoption of IoT-based devices across the country. South Korea smart home devices market accounted for the second largest revenue share, followed by Germany. The market in Eastern Europe and Asia Pacific are expected to register significant CAGR during the forecast period, primarily due to various government initiatives, increasing digitalisation, and strong growth in the telecom infrastructure.

Global Smart home devices Market Size and Forecast: Competition Landscape 

Key players in the market focus on introducing new products and enhancing their presence in emerging regions in order to gain lucrative revenue opportunities. In addition, various key players focus on acquiring other players in the market in order to compliment their product offerings and enhance their presence in the local or regional level.

  • In February 2019, Amazon acquired Eero, a US-based mesh Wi-Fi system provider, in order to complement its product offerings in the smart home devices market 
  • In July 2019, Ezlo Innovation, a smart solutions provider for homes and businesses, acquired Centralite Systems, a US-based smart home devices manufacturer, in order to broaden its product portfolio

Some key smart home devices market players are:

  • Electrolux AB (Frigidaire)
  • Carrier Corporation
  • LG Electronics Inc.
  • The Whirlpool Corporation
  • Dyson Ltd
  • com, Inc.
  • Xiaomi Corporation
  • Google LLC
  • Honeywell International Inc.
  • Bose Corporation
  • Denon
  • Sonos
  • NETGEAR Inc.
  • D-Link Corporation
  • Ring Inc.
  • Samsung Electronics Co., Ltd.
  • Nest
  • Ecobee
  • Koninklijke Philips N.V.
  • LIFX
  • TP-Link Technologies Co., Ltd.
  • Belkin International, Inc.

Research Scope:

By Product Type:

  • Smart Speakers
  • Video Entertainment
  • Security Systems
  • Appliances
  • Thermostats
  • Lighting
  • Outlet and Switches
  • Smoke Detectors
  • Others

By Distribution Channel:

  • Online/e-commerce
  • Retail Stores

By Connectivity Type:

  • Wi-Fi
  • Cellular
  • Bluetooth
  • Others

What Will You Discover in the Report?

  • An in-depth analysis of the smart home devices market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
  • How the smart home devices market revenue is expected to grow throughout the forecast period.
  • How geopolitical policies and technological changes will affect the smart home devices market in near future
  • Which current and upcoming technologies will shape up the smart home devices market?
  • Where the stakeholders should invest to generate higher profit margins
  • How consumers (end-users) will reflect to the smart home devices industry during the forecast period
  • Who are the smart home devices industry leaders and what are the key initiatives taken by them for long term growth?
  • Industry exclusive use cases

Who will benefit from the Report?

  • Smart Home Component Manufacturer
  • Smart Home OEM
  • Smart Home Solution Providers
  • Consultants and Analysts
  • Researchers

Analyst access with Bekryl Market Analysts

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Smart Home Devices Market Research Scope

Smart Home Devices Industry Report Structure

  1. Report Structure
  2. Executive Summary
  3. Research Methodology
  4. Smart Home Devices Market
    • Market Outlook and Forecast
    • Growth Forecast Analysis Scenario
    • Internet of Things Market (Parent Market Overview)
    • Smart Home Devices Development Evolution Chart
    • R&D Analysis
    • Value Chain Analysis
  5. Global Smart Home Devices Market Overview
    • Global Smart Home Devices Market Size, 2018-2028
    • Growth Analysis, 2019-2028 (%)
    • Key Industry Players
  6. Smart Home Devices Market Dynamics
    • Market Drivers
      • Demand Side Drivers
      • Supply Side Drivers
      • Macroeconomic Drivers
    • Market Challenges
    • Technological Landscape
    • Industry Trends
    • Market Opportunities
    • Marketed Details
    • Porters Analysis
    • PESTLE Analysis
    • Market Investment Proposition
    • Key Developments
    • Industry Inorganic Strategy and Growth Analysis
  7. Smart Home Devices Market, By Product Type
    • Introduction and Key Trends
    • Market Share Analysis, 2019 and 2028, (%)
    • Smart Speakers
      • Market Value Forecast, 2018-2028, (US$ Million)
      • Y-o-Y Growth Analysis, 2019-2028, (%)
      • Incremental Revenue Opportunity, 2019-2028
    • Video Entertainment
      • Market Value Forecast, 2018-2028, (US$ Million)
      • Y-o-Y Growth Analysis, 2019-2028, (%)
      • Incremental Revenue Opportunity, 2019-2028
    • Security Systems
      • Market Value Forecast, 2018-2028, (US$ Million)
      • Y-o-Y Growth Analysis, 2019-2028, (%)
      • Incremental Revenue Opportunity, 2019-2028
    • Appliances
      • Market Value Forecast, 2018-2028, (US$ Million)
      • Y-o-Y Growth Analysis, 2019-2028, (%)
      • Incremental Revenue Opportunity, 2019-2028
    • Thermostats
      • Market Value Forecast, 2018-2028, (US$ Million)
      • Y-o-Y Growth Analysis, 2019-2028, (%)
      • Incremental Revenue Opportunity, 2019-2028
    • Lighting
      • Market Value Forecast, 2018-2028, (US$ Million)
      • Y-o-Y Growth Analysis, 2019-2028, (%)
      • Incremental Revenue Opportunity, 2019-2028
    • Outlet and Switches
      • Market Value Forecast, 2018-2028, (US$ Million)
      • Y-o-Y Growth Analysis, 2019-2028, (%)
      • Incremental Revenue Opportunity, 2019-2028
    • Smoke Detectors
      • Market Value Forecast, 2018-2028, (US$ Million)
      • Y-o-Y Growth Analysis, 2019-2028, (%)
      • Incremental Revenue Opportunity, 2019-2028
    • Others
      • Market Value Forecast, 2018-2028, (US$ Million)
      • Y-o-Y Growth Analysis, 2019-2028, (%)
      • Incremental Revenue Opportunity, 2019-2028
  1. Smart Home Devices Market, By Distribution Channel
    • Introduction and Key Trends
    • Market Share Analysis, 2019 and 2028, (%)
    • Online/E-Commerce
      • Market Value Forecast, 2018-2028, (US$ Million)
      • Y-o-Y Growth Analysis, 2019-2028, (%)
      • Incremental Revenue Opportunity, 2019-2028
    • Retail Stores
      • Market Value Forecast, 2018-2028, (US$ Million)
      • Y-o-Y Growth Analysis, 2019-2028, (%)
      • Incremental Revenue Opportunity, 2019-2028
  1. Smart Home Devices Market, By Connectivity Type
    • Introduction and Key Trends
    • Market Share Analysis, 2019 and 2028, (%)
    • Wi-Fi
      • Market Value Forecast, 2018-2028, (US$ Million)
      • Y-o-Y Growth Analysis, 2019-2028, (%)
      • Incremental Revenue Opportunity, 2019-2028
    • Cellular
      • Market Value Forecast, 2018-2028, (US$ Million)
      • Y-o-Y Growth Analysis, 2019-2028, (%)
      • Incremental Revenue Opportunity, 2019-2028
    • Bluetooth
      • Market Value Forecast, 2018-2028, (US$ Million)
      • Y-o-Y Growth Analysis, 2019-2028, (%)
      • Incremental Revenue Opportunity, 2019-2028
    • Others
      • Market Value Forecast, 2018-2028, (US$ Million)
      • Y-o-Y Growth Analysis, 2019-2028, (%)
      • Incremental Revenue Opportunity, 2019-2028
  1. North America Smart Home Devices Market Size and Share Analysis, 2018-2028
    • Introduction
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Product Type
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Distribution Channel
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Connectivity Type
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Country
      • United States
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • United States Smart Home Devices Market Analysis, Across Segments (By Product, By Distribution Channel, By Connectivity)
      • Canada
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Canada Smart Home Devices Market Analysis, Across Segments ((By Product, By Distribution Channel, By Connectivity)
  1. Western Europe Smart Home Devices Market Size and Share Analysis, 2018-2028
    • Introduction
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Product Type
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Distribution Channel
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Connectivity Type
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Country
      • Germany
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Germany Smart Home Devices Market Analysis, Across Segments ((By Product, By Distribution Channel, By Connectivity)
      • United Kingdom
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • United Kingdom Smart Home Devices Market Analysis, Across Segments ((By Product, By Distribution Channel, By Connectivity)
      • France
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • France Smart Home Devices Market Analysis, Across Segments ((By Product, By Distribution Channel, By Connectivity)
      • Italy
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Italy Smart Home Devices Market Analysis, Across Segments ((By Product, By Distribution Channel, By Connectivity)
      • BENELUX
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • BENELUX Smart Home Devices Market Analysis, Across Segments ((By Product, By Distribution Channel, By Connectivity)
      • NORDIC
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • NORDIC Smart Home Devices Market Analysis, Across Segments ((By Product, By Distribution Channel, By Connectivity)
      • Rest of Western Europe
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Rest of Western Europe Smart Home Devices Market Analysis, Across Segments ((By Product, By Distribution Channel, By Connectivity)
  1. Central and Eastern Europe (CEE) Smart Home Devices Market Size and Share Analysis, 2018-2028
    • Introduction
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Product Type
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Distribution Channel
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Connectivity Type
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Country
      • Russia
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Russia Smart Home Devices Market Analysis, Across Segments ((By Product, By Distribution Channel, By Connectivity)
      • Poland
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Poland Smart Home Devices Market Analysis, Across Segments ((By Product, By Distribution Channel, By Connectivity)
      • Ukraine
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Ukraine Smart Home Devices Market Analysis, Across Segments ((By Product, By Distribution Channel, By Connectivity)
      • Rest of CEE
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Rest of CEE Smart Home Devices Market Analysis, Across Segments ((By Product, By Distribution Channel, By Connectivity)
  1. Asia Pacific Smart Home Devices Market Size and Share Analysis, 2018-2028
    • Introduction
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Product Type
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Distribution Channel
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Connectivity Type
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Country
      • China
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • China Smart Home Devices Market Analysis, Across Segments ((By Product, By Distribution Channel, By Connectivity)
      • India
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • India Smart Home Devices Market Analysis, Across Segments ((By Product, By Distribution Channel, By Connectivity)
      • Japan
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Japan Smart Home Devices Market Analysis, Across Segments ((By Product, By Distribution Channel, By Connectivity)
      • ASEAN
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • ASEAN Smart Home Devices Market Analysis, Across Segments ((By Product, By Distribution Channel, By Connectivity)
      • Australia and New Zealand (ANZ)
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • ANZ Smart Home Devices Market Analysis, Across Segments ((By Product, By Distribution Channel, By Connectivity)
      • South Korea
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • South Korea Smart Home Devices Market Analysis, Across Segments ((By Product, By Distribution Channel, By Connectivity)
      • Rest of Asia Pacific
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Rest of Asia Pacific Smart Home Devices Market Analysis, Across Segments ((By Product, By Distribution Channel, By Connectivity)
  1. Latin America Smart Home Devices Market Size and Share Analysis, 2018-2028
    • Introduction
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Product Type
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Distribution Channel
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Connectivity Type
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Country
      • Brazil
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Brazil Smart Home Devices Market Analysis, Across Segments ((By Product, By Distribution Channel, By Connectivity)
      • Mexico
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Mexico Smart Home Devices Market Analysis, Across Segments ((By Product, By Distribution Channel, By Connectivity)
      • Argentina
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Argentina Smart Home Devices Market Analysis, Across Segments ((By Product, By Distribution Channel, By Connectivity)
      • Rest of Latin America
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Rest of Latin America Smart Home Devices Market Analysis, Across Segments ((By Product, By Distribution Channel, By Connectivity)
  1. Middle East Smart Home Devices Market Size and Share Analysis, 2018-2028
    • Introduction
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Product Type
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Distribution Channel
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Connectivity Type
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Country
      • GCC
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • GCC Smart Home Devices Market Analysis, Across Segments ((By Product, By Distribution Channel, By Connectivity)
      • Rest of Middle East
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Rest of Middle East Smart Home Devices Market Analysis, Across Segments ((By Product, By Distribution Channel, By Connectivity)
  1. Africa Smart Home Devices Market Size and Share Analysis, 2018-2028
    • Introduction
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Product Type
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Distribution Channel
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Connectivity Type
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Country
      • South Africa
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • South Africa Smart Home Devices Market Analysis, Across Segments ((By Product, By Distribution Channel, By Connectivity)
      • Central Africa
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Central Africa East Smart Home Devices Market Analysis, Across Segments ((By Product, By Distribution Channel, By Connectivity)
      • North Africa
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • North Africa Smart Home Devices Market Analysis, Across Segments ((By Product, By Distribution Channel, By Connectivity)
  1. Company Landscape: Smart Home Devices Industry
    • Competition Dashboard
    • Company Market Positioning, 2018
    • Key Industry Players Across Regions
    • Distribution Channel Matrix
    • Company Profiles
      • Samsung Electronics Co., Ltd.
        • Company Overview
        • Regional Presence Assessment
        • Key Offerings
        • Key Developments
        • Business Strategy
          • Product Level Strategy
          • Go-to-Market Level Strategy
          • Regional Level Strategy
          • SWOT Analysis
        • Electrolux AB (Frigidaire)
        • Carrier Corporation
        • LG Electronics Inc.
        • The Whirlpool Corporation
        • Dyson Ltd
        • com, Inc.
        • Xiaomi Corporation
        • Google LLC
        • Honeywell International Inc.
        • Bose Corporation
        • Denon
        • Sonos
        • NETGEAR Inc.
        • D-Link Corporation
        • Ring Inc.
        • Nest
        • Ecobee
        • Koninklijke Philips N.V.
        • LIFX
        • TP-Link Technologies Co., Ltd.
        • Belkin International, Inc.

(*Key Pointers mentioned is covered across all other companies)

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