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The smart home market has undergone significant change in recent years, with smart home technology have been evolving from low data rate and low frequency to high data rate and high frequency. The growth of wired and wireless communication technology is creating a potential for new smart home applications and driving the market demand for smart home systems/devices. 
 
In the smart home market, various wired and wireless communication technologies such as BACnet, lonworks, DALI, modbus, KNX, Zigbee, Wi-Fi, Bluetooth, EnOcean, and Z-wave are used to control smart home systems to provide homeowners security, comfort, convenience, and energy efficiency. Increasing awareness towards energy efficiency, increasing consumer need for simplicity and personalized experience, the growing adoption of cloud-based technologies, falling sensor costs, and edge computing are creating new opportunities for various smart home technologies. 
 
This report analyzes technology maturity, degree of disruption, competitive intensity, market potential, and other parameters of various technologies in the smart home market. Some insights are depicted below by a sample figure. For more details on figures, the companies researched, and other objectives/benefits on this research report, please download the report brochure.
 
smart home technology
smart home


smart home

 
The smart home market is expected to reach US $113 Billion by 2024 with a CAGR of 9% 2019 to 2024. Wireless technology is largest segment of the smart home market and is growing at above average growth. Zigbee, Z-wave, Bluetooth, and EnOcean technologies consume low power which significantly increases the battery life. In terms of data transfer and bandwidth, Wi-Fi is much faster than other technologies.
 
Emerging technology trends, which have a direct impact on the dynamics of the industry, include development of voice assistant technology for high-end automated household appliances, emergence of air quality sensor devices that measure volatile organic compounds (VOCs), and growing adoption of video enabled drones.
 
The study includes trends and forecasts for the smart home technology by application, technology, and region as follows:
 
By Technology Type [$M shipment analysis from 2013 to 2024]:
  • Wired
  • BACnet 
  • Lonworks
  • DALI 
  • Modbus
  • KNX
  • Others
  • Wireless 
  • Zigbee
  • Wi-Fi
  • Bluetooth
  • EnOcean
  • Z-Wave
  • Others
By Application [$M shipment analysis from 2013 to 2024]:
  • Safety and Security
  • Wired (BACnet, lonworks, DALI, modbus, KNX) 
  • Wireless (Zigbee, Wi-Fi, Bluetooth, EnOcean, and Z-wave)
  • Home Appliance
  • Wired (BACnet, lonworks, DALI, modbus, KNX) 
  • Wireless (Zigbee, Wi-Fi, Bluetooth, EnOcean, and Z-wave)
  • Entertainment
  • Wired (BACnet, lonworks, DALI, modbus, KNX) 
  • Wireless (Zigbee, Wi-Fi, Bluetooth, EnOcean, and Z-wave)
  • Lighting
  • Wired (BACnet, lonworks, DALI, modbus, KNX) 
  • Wireless (Zigbee, Wi-Fi, Bluetooth, EnOcean, and Z-wave)
  • HVAC
  • Wired (BACnet, lonworks, DALI, modbus, KNX) 
  • Wireless (Zigbee, Wi-Fi, Bluetooth, EnOcean, and Z-wave)
  • Home Healthcare
  • Wired (BACnet, lonworks, DALI, modbus, KNX) 
  • Wireless (Zigbee, Wi-Fi, Bluetooth, EnOcean, and Z-wave)
  • Smart Kitchen
  • Wired (BACnet, lonworks, DALI, modbus, KNX) 
  • Wireless (Zigbee, Wi-Fi, Bluetooth, EnOcean, and Z-wave)
  • Others
By Region [$M shipment analysis for 2013 – 2024]:
  • North America
  • United States
  • Canada 
  • Mexico
  • Europe
  • United Kingdom
  • Germany
  • France
  • Asia Pacific
  • Japan
  • China
  • South Korea
  • India
  • The Rest of the World 
Some of the smart home companies profiled in this report include ADT, Honeywell, Johnson & Johnson, Control4, United Technologies, Siemens, Philips, Acuity Brands, Vivint, and others.
 
This report answers following 6 key questions:
 
Q.1 What are some of the most promising potential, high-growth technology opportunities for the smart home market?
Q.2 Which technology segment/segments will grow at a faster pace and why?
Q.3 What are the key factors affecting dynamics of different technologies? What are the drivers and challenges of these technologies in smart home market?
Q.4 What are the business risks and threats to these technologies in smart home market?
Q.5 What are the new technology developments in smart home market? Which companies are leading these developments? 
Q.6 Who are the major players in this smart home market? What strategic initiatives are being implemented by key players for business growth?
 
 
1. Executive Summary
 
2. Technology Landscape
2.1: Technology Background and Evolution
2.2: Technology and Application Mapping
2.3: Supply Chain
 
3. Technology Readiness
3.1: Technology Commercialization and Readiness
3.2: Drivers and Challenges in Smart Home Technologies
 
4. Technology Trends and Opportunities
4.1: Smart Home Market Opportunity
4.2: Technology Trends and Growth Forecasts
4.2.1: Wired
4.2.1.1: BACnet
4.2.1.2: LonWorks
4.2.1.3: DALI
4.2.1.4: Modbus
4.2.1.5: KNX
4.2.1.6: Others
4.2.2: Wireless
4.2.2.1: Zigbee
4.2.2.2: Wi-Fi
4.2.2.3: Bluetooth
4.2.2.4: EnOcean
4.2.2.5: Z-Wave
4.2.2.6: Others
4.3: Technology Opportunities by Application Segments
4.3.1: Safety and Security by Technology
4.3.1.1: Wired
4.3.1.2: Wireless
4.3.2: Entertainment by Technology
4.3.2.1: Wired
4.3.2.2: Wireless
4.3.3: HVAC Control by Technology
4.3.3.1: Wired
4.3.3.2: Wireless
4.3.4: Lighting by Technology
4.3.4.1: Wired
4.3.4.2: Wireless
4.3.5: Home Appliances by Technology
4.3.5.1: Wired
4.3.5.2: Wireless
4.3.6: Smart Kitchens by Technology
4.3.6.1: Wired
4.3.6.2: Wireless
4.3.7: Home Healthcare by Technology
4.3.7.1: Wired
4.3.7.2: Wireless
4.3.8: Other Applications by Technology
4.3.8.1: Wired
4.3.8.2: Wireless
 
5. Technology Opportunity by Region
5.1: Smart Home Market by Region
5.2: North American Smart Home Market
5.2.1: Market by Technology: Wired and Wireless
5.2.1.1: Wired
5.2.1.2: Wireless
5.2.2: United States Smart Home Market
5.2.3: Canadian Smart Home Market
5.2.4: Mexican Smart Home Market
5.3: European Smart Home Market
5.3.1: Market by Technology: Wired and Wireless
5.3.1.1: Wired
5.3.1.2: Wireless
5.3.2: The United Kingdom Smart Home Market
5.3.3: German Smart Home Market
5.3.4: French Smart Home Market
5.4: APAC Smart Home Market
5.4.1: Market by Technology: Wired and Wireless
5.4.1.1: Wired
5.4.1.2: Wireless
5.4.2: Chinese Smart Home Market
5.4.3: Japanese Smart Home Market
5.4.4: Indian Smart Home Market
5.4.5: South Korean Smart Home Market
5.5: ROW Smart Home Market
5.5.1: Market by Technology: Wired and Wireless
5.5.1.1: Wired
5.5.1.2: Wireless
 
6. Companies / Ecosystem
6.1: Product Portfolio Analysis
6.2: Market Share Analysis
6.3: Geographical Reach
6.4: Porter’s Five Forces Analysis
 
7. Strategic Implications
7.1: Implications
7.2: Growth Opportunity Analysis
7.2.1: Growth Opportunities for the Smart Home Market by Technology
7.2.2: Growth Opportunities for the Smart Home Market by Wired
7.2.3: Growth Opportunities for the Smart Home Market by Wireless Technology
7.2.4: Growth Opportunities for the Smart Home Market by Region
7.3: Emerging Trends in the Smart Home Market
7.4: Strategic Analysis
7.4.1: New Product Development
7.4.2: Capacity Expansion of the Smart Home Market
7.4.3: Mergers, Acquisitions, and Joint Ventures in the Smart Home Market
 
8. Company Profiles of Leading Players
8.1: ADT Corporation
8.2: Honeywell International Inc.
8.3: Control4 Corporation
8.4: Haier
8.5: United Technologies Corporation
8.6: Siemens AG
8.7: Schneider Electric
8.8: Acuity Brands
8.9: Crestron Electronics Inc.
8.10: AMX Inc.
8.11: Monitronics International
8.12: Vivint Inc.
8.13: ASSA ABLOY
 
.

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151 figures/charts and 132 tables are provided in this 260 - page report
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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