Global Smart Home Market and Ecosystem 2021-2026 with Leadership Mapping and Key Player Profiles such as Honeywell, Siemens and Johnson Controls


DUBLIN, October 1, 2021 / PRNewswire / – The “Global Smart Home Market with COVID-19 Impact Analysis by Product (Lighting Control, Security and Access Control, HVAC Control, Smart Speaker, Smart Kitchen, Furniture smart), software and services, sales channel and region – “Forecast to 2026” report has been added to offer.

The global smart home market is expected to grow by $ 84.5 billion in 2021 and should reach $ 138.9 billion by 2026; it is expected to grow at a CAGR of 10.4% from 2021 to 2026.

Factors such as increasing disposable income of people in developing countries, growing importance of home surveillance in remote locations, expansion of smart home product portfolio by a large number of players drive the growth of the smart home market. However, concerns over security and privacy breaches are the key factor limiting the growth of the smart home market.

Select Highlights

  • The smart furniture market is expected to grow at the highest CAGR during the forecast period
  • The proactive type software and services market is expected to grow at a higher CAGR during the forecast period
  • Lighting control to hold second largest smart home market share by 2021
  • Europe hold a significant share of the smart home market during the forecast period

Research coverage

This research report categorizes the smart home market on the basis of product, software and service sales channel, and geography. The report describes the key drivers, restraints, challenges and opportunities relating to the smart home market and the forecast till 2026 (including the analysis of the impact of COVID-19 on the market).

Apart from this, the report also includes leadership mapping and analysis of all the companies included in the smart home ecosystem. The report presents the major players of the smart home market with their respective market ranking analysis.

Key topics covered

1. Introduction

2 Research methodology

3 Executive summary
3.1 Realistic scenario
3.2 Optimistic scenario
3.3 Pessimistic scenario

4 premium information
4.1 Attractive opportunities in the smart home market
4.2 Smart Home Market, by Product
4.3 Smart Home Market, by Software and Service
4.4 Smart Home Market, by Sales Channel
4.5 Smart Home Market, by Product and Region
4.6 Smart Home Market, by Country

5 Market overview
5.1 Presentation
5.2 Evolution
5.3 Market dynamics
5.3.1 Drivers Growing number of Internet users and growing adoption of smart devices Increase the disposable income of people in developing economies Growing Importance of Home Surveillance in Remote Locations Growing need for energy efficient and carbon-focused solutions Expansion of the Smart Home product portfolio by a large number of players Growing concern about safety, security and convenience among the general population
5.3.2 Constraints More Convenience-Driven Than Necessity-Driven Marketplace High cost of switching for consumers of existing smart devices Security and privacy breach issues
5.3.3 Opportunities Government regulations favorable to the promotion of green buildings Incorporation of lighting controllers with integrated data connectivity technology Integration of Powerline Communication Technology in Smart Homes Increased demand for smart home products due to COVID-19
5.3.4 Challenges Difficulties linking disparate systems, limited functionality and a lack of open standards Risk of device malfunction Compatibility issues between devices from different companies
5.4 Supply chain analysis
5.4.1 Planning and review of funds
5.4.2 Research and development (R&D)
5.4.3 Assembly, distribution and after-sales service
5.5 Ecosystem
5.5.1 OEM home automation
5.5.2 Suppliers
5.5.3 Smart home system integrators
5.5.4 Distributors
5.6 Trends Affecting Client Business
5.7 Porter’s five forces model
5.8 Case studies
5.8.1 ASSA ABLOY’s remote access delegation to buildings is transforming the way emergency services operate around the world
5.8.2 Johnson Controls Fiserv Cooling Solution Help (Europe) to cope with maintenance constraints and achieve energy savings
5.8.3 Honeywell Security Solution Support Gateway Building (US) (Australia) Improve its security and visitor access system
5.8.4 Siemens Building Technologies provides an integrated solution for the Fondation Louis Vuitton museum in Paris, France)
5.8.5 ADT (US) provides an advanced access control system to the Port of Cork (Ireland)
5.9 Technology analysis
5.10 Business analysis
5.11 Patent analysis
5.12 Tariffs
5.13 Average Sales Price (ASP) of Various Components of Smart Home Systems

6 Smart home market for software and services
6.1 Presentation
6.2 behavior
6.2.1 The Behavioral Software and Services Segment will hold a larger market share during the forecast period
6.3 Proactive
6.3.1 Proactive Software and Services Segment to Record Higher CAGR during Forecast Period

7 Smart Home Market, by Product
7.1 Presentation
7.2 Lighting control
7.3 Security and access control
7.4 HVAC control
7.5 Control of entertainment and other controls
7.6 Smart speaker
7.7 Home care
7.8 Smart kitchen
7.9 Household appliances
7.10 Smart furniture
7.11 Impact of COVID-19 on smart home products

8 Smart home market, by sales channel
8.1 Presentation
8.2 Direct sales channel
8.3 Indirect sales channel

9 Geographical analysis
9.1 Presentation
9.2 North America
9.3 Europe
9.4 APAC
9.5 Rest of the world
9.6 Impact of COVID-19 on the smart home market in various regions

10 protocols and technologies used in smart homes
10.1 Presentation
10.2 Cellular network technologies
10.3 Protocols and standards
10.4 Wireless communication technologies

11 Competitive landscape
11.1 Overview
11.2 Key player strategies / Right to win
11.3 Revenue analysis
11.4 Market share analysis
11.5 Company valuation quadrant
11.6 Assessment matrix for start-ups / SMEs
11.7 Company product footprint
11.8 Competitive situations and trends
11.8.3 Others

12 company profiles
12.1 Key players
12.1.1 Honeywell
12.1.2 Siemens
12.1.3 Johnson Controls
12.1.4 Schneider Electric
12.1.6 Amazon
12.1.7 Apple
12.1.8 ADT
12.1.9 Robert bosch
12.1.10 ABB
12.2 Other key companies
12.2.1 Samsung Electronics
12.2.2 Sony
12.2.3 Ooma
12.2.4 Delta commands
12.2.5 Control4
12.2.6 Axis communications
12.2.7 Comcast
12.2.8 Connected home
12.2.9 Crestron electronics
12.2.10 Simplicity
12.2.11 Armorax
12.2.12 Canary
12.2.13 LG Electronics
12.2.14 Lutron
12.2.15 Great

For more information on this report, visit

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Research and markets
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SOURCE Research and Markets

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