Report Highlights
The global market for smart home technologies is expected to increase from $102.3 billion in 2023 to $166.7 billion by the end of 2028, with a compound annual growth rate (CAGR) of 10.3% during the forecast period of 2023-2028.
Report Includes
- 51 data tables and 50 additional tables
- An overview of the global market for smart home technologies
- In-depth analysis of global market trends, featuring historical revenue data for 2022, estimated figures for 2023, as well as forecasts for 2024 and 2026. This analysis includes projections of compound annual growth rates (CAGRs) through 2028
- Evaluation of the current market size and revenue growth prospects specific to smart home technologies, accompanied by a market share analysis by networking technology, component, application and geographic region
- Discussion on the future of smart homes, and coverage of trends and regulatory standards in smart home technologies
- Coverage of emerging technologies in smart homes, recent developments, future opportunities, relevant patents and ESG trends
- Market share analysis of the key companies in the industry and coverage of mergers & acquisitions, joint ventures, collaborations, partnerships, and other market strategies
- Company profiles of major players within the industry, including Johnson Controls International PLC, Honeywell International Inc., Schneider Electric SE, Siemens, and Assa Abloy AB
Report Scope
This report is based on an in-depth analysis of the global smart home technologies market by networking technology, component, application and geography. It includes an overview of the global market trends. In the overview, 2022 considered as the base year, and estimates for 2023 through 2028 are provided, along with projections of CAGR in the forecast period.
The scope of the report also includes a discussion of technological, regulatory and competitive elements as well as economic trends affecting the market. In addition, the report analyzes and discusses the major drivers and regional dynamics of the market and current trends within the industry. It concludes with detailed profiles of the major vendors in the global smart home technologies market.
Report Synopsis
| Report Metrics | Details | ||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2022 | ||||||||||||||||||||||||||
| Forecast period considered | 2023-2028 | ||||||||||||||||||||||||||
| Base year market size | $93.5 billion | ||||||||||||||||||||||||||
| Market size forecast | $166.7 billion | ||||||||||||||||||||||||||
| Growth rate | CAGR of 10.3% for the forecast period of 2023-2028 | ||||||||||||||||||||||||||
| Units considered | $ Billions | ||||||||||||||||||||||||||
| Segments covered | Networking Technology, Component, Application, Region | ||||||||||||||||||||||||||
| Regions covered | North America, Europe, Asia-Pacific, Rest of the World (RoW) | ||||||||||||||||||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
- By Networking Technology
- By Component
- By Application
- By Region
Analyst Credentials
Austin Samuel – Consultant-Technology Research
Austin Samuel is an experienced professional with nearly a decade of industry experience in research and analysis, specializing in Information Technology. He has conducted extensive research and provided comprehensive syndicate and custom reports on the developments and application of information technology across multiple industries for international and domestic clients. He exhibits exceptional analytical abilities and strategic thinking and has contributed significantly to the team. Academically, Austin holds a master’s degree in Marketing and IT and a bachelor’s degree in Electrical and Electronics.
Report Highlights
The global smart home market should reach $55.0 billion by 2022 from $38.0 billion in 2017 at a compound annual growth rate (CAGR) of 7.7% from 2017 to 2022.
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