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The future of the smart home market in Mexico looks attractive with opportunities in the home safety and security, appliance, entertainment, lighting, HVAC, healthcare, and kitchen applications. 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 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.
A total of 25 figures / charts and 12 tables are provided in this 60-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 in Mexico report, download the report brochure.
Smart Home Market in Mexico by Segment:
2014-2025 (US $M) (Randomized Data)
Trends and Forecasts for Smart Home Market in
Mexico: 2014-2025 (US $M) (Randomized Data)
The study includes the market size, and forecast for the smart home market in Mexico by application, product and service, and technology as follows:
Smart Home Market by Application [$M shipment analysis from 2014 to 2025]:
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Safety and Security
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Home Appliance
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Entertainment
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Lighting
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HVAC
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Home Healthcare
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Smart Kitchen
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Others
Smart Home Market by Product and Service Type [$M shipment analysis from 2014 to 2025]:
Smart Home Market by Technology Type [$M shipment analysis from 2014 to 2025]:
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Wired
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BACnet
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Lonworks
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DALI
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Modbus
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KNX
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Others
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Wireless
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Zigbee
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Wi-Fi
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Bluetooth
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EnOcean
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Z-Wave
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Others
Lucintel forecasts that the safety and security market is expected to remain the largest segment due to the increasing need for continuous monitoring services to reduce the risk of crime, burglary, and theft. The entertainment segment is expected to experience the highest growth rate during the forecast period, supported by the increasing need of advanced technology that can provide a single platform for high level of control, flexibility, and deliver the best entertainment experience.
Within the smart home market, the wireless segment is expected to remain the largest technology. It is also expected to witness the highest growth over the forecast period due to the increasing demand for Zigbee in healthcare, safety and security applications to support remote monitoring facilities, and consumer comfort and convenience enhancement.
Some of the features of “Opportunities for the Smart Home Market in Mexico 2014-2025: Trends, Forecast and Competitive Analysis” include:
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Market size estimates: Smart home market size estimation in terms of value ($M) shipment.
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Trend and forecast analysis: Market trend (2014-2019) and forecast (2020-2025) by application, product and service, and technology.
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Segmentation analysis: Smart home market size by application (safety and security, home appliance, entertainment control, lighting, HVAC control, home healthcare, smart kitchen, and others), type (product and service), and technology (wired and wireless) in terms of value.
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Growth opportunities: Analysis on growth opportunities in different application, product and service, and technology of smart home in the smart home market.
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Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
This report answers following 7 key questions:
Q.1 What are some of the most promising, high-growth opportunities for the smart home market in Mexico by application (safety and security, home appliance, entertainment control, lighting, HVAC control, home healthcare, smart kitchen, and others), type (product and service), and technology (wired and wireless)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the key factors affecting market dynamics? What are the drivers and challenges of the smart home market?
Q.4 What are the business risks and threats to the smart home market?
Q.5 What are the emerging trends in this smart home market and reasons behind them?
Q.6 What are some changing demands of customers in the smart home market?
Q.7 What are the new developments in the smart home market? Which companies are leading these developments?