Smart Home Systems Market; by System (Lighting Control, Security and Access Control, HVAC Control, Entertainment and Other Controls, Home Appliances, Others) — India, Australia, & Canada Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2019–2027
Industry Trends
The smart home systems market (India, Australia, and Canada) revenue stood at US$ 75,240.2 million in 2018 and is expected to grow at a CAGR of 12.4% during the forecast period from 2019 to 2027.
A smart home is a house that uses internet connected devices to enable the remote monitoring and management of systems and applications. It offers security, comfort, and convenience to the homeowners and can be controlled by smart devices such as smart app with low energy consumption. Increase in demand of entertainment and other control systems, smart speakers, home system appliances, and lighting control solutions is propelling the growth of the smart home systems market. Entertainment is very important part of life as it gives relaxation and it revives the lifestyle. A multi-room entertainment control system enables the user to centralize all the devices which are connected and then user can watch, listen, and control that from every room in the house independently.
The adoption of advanced technology is helping household appliances such as refrigerators, dishwashers, and washing machine to function smartly and consumes low energy, hence it contributes in the growth of smart home systems. Some of the factors such as advancements and integration of technologies that include internet of things (IoT), large investments by the home automation solution providers, and rising demand for safety and security in the residential areas are majorly contributing to the growth of the smart home systems market. On the contrary, lack of technology to establish the infrastructure of a smart home is one of the barrier which may restrict the market growth over the forecast period. However, the massive increase in the demand for wireless fidelity (Wi-Fi) technology from the residential areas will support the demand for smart home solutions such as Wi-Fi connected security and threat control, lighting control systems, and wireless home appliances & entertainment systems.
Increase in implementation of internet of things (IoT) is supporting the growth of the smart home systems market. IoT-based appliances offer energy saving capabilities at households. Several companies are focusing on the development of IoT platform and related technology such as machine learning, artificial intelligence which can be deployed in smart home products. For instance, in 2018, Cisco Systems, Inc. and SAS institute, Inc. came together with the objective to develop an edge-to-enterprise IoT analytics platform. This platform is helping many organizations to develop residential applications based on analytics software as per requirements.
System Overview:
The smart home systems market by system has been bifurcated into lighting control, security and access control, heating, ventilation, and air conditioning (HVAC) control, entertainment and other controls, and home appliances. The home appliances segment accounted for the largest revenue share in 2018, due to rising on demand and value-based home automated solutions which is enabling user to adopt cloud-based smart home solutions. Whereas, entertainment and other controls is expected to witness as the most attractive segment during the forecast period. Audio, video, and multimedia room controls are the major control systems used in smart homes market and the demand is increasing for audio, video, and multimedia room controls due to the convenience of managing and controlling the entertainment systems within a house.
Wireless communication technology is getting advanced and it is boosting the demand for home theater system controls, which is driving the overall adoption for entertainment controls in smart home systems market. This segment accounted for the largest share due to the high penetration rate of products such as smoke detectors and smart meters. Increasing in cost of electricity has become a major concern which drives homeowners toward energy savings and the increasing popularity of smart plugs, smart locks, and smart hubs is also motivating the adoption of control systems.
Regional Overview:
India in Asia Pacific region commanded the smart home systems market in 2018 and it is expected to grow at the fastest rate over the forecast period. India is considered as a huge market for smart home systems due to considerable rate of implementation of various products such as HVAC controls, security and access controls, and lighting controls among other regions. Some of the factors which propels the growth of the market in this region include increased population, strong economic growth, improved standard of living, and rapid urbanization which leads to a sophisticated infrastructure. The home automation market in India is expected to grow tremendously over next few years. Overall, the market is highly influenced due to the low entry barriers and availability of open source technologies which make it easy to enter the market. Innovation is one of the factor and market is progressing in terms of technology and features such as mobile apps. Emerging countries such as Canada and Australia are expected to grow at a considerable rate over the forecast period due to adoption of cloud-based solutions and the high end devices coupled with advanced technological features in these countries.
Smart Home Systems Market Revenue (US$ Billion), 2015–2027
Competitive Landscape
The report provides both, qualitative and quantitative research of smart home systems market, as well as provides worthy insights into the rational scenario and favored development methods adopted by key contenders. The report also offers extensive research on the key players in smart home systems market and detailed insights on the competitiveness of these players. Key business strategies such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts adopted by the major players are also recognized and analyzed in the report. For each company, the report recognizes their headquarters, competitors, product/service type, application and specification, pricing, and gross margin.
The primary market participants in the smart home systems market include Alarm.com, Amazon.com, Inc., Chiyu Technology Co., Ltd., Crestron Electronics, Inc., Google LLC, Honeywell International Inc, Johnson Controls, Leviton Manufacturing Co., Inc., Logitech, Mantra Softech (India) Pvt. Ltd., Orient Electric, Robert Bosch GmbH, SAMSUNG ELECTRONICS CO., LTD., Schneider Electric, Siemens, Wirepath Home System, LLC, dba Control4, amongst others.
For instance, in 2018, Siemens company added new functionalities to the Synco IC cloud platform for heating, ventilation, and air conditioning (HVAC) control. Synco IC now includes remote monitoring of energy key performance indicators (KPIs), remote meter reading system for energy billing, and remote intervention to reduce energy consumption.
For instance, in 2018, Honeywell has added new features to the Honeywell Vector Occupant App that give household owners more control over their experiences within a building with the swipe of a screen. The new feature is indoor navigation which uses global positioning system (GPS)-like technology to help users to find their way when they are around complex buildings and which are difficult to navigate without directions.
In 2017, Honeywell International, Inc. had launched Lyric Cameras and subsequent software upgrade for Lyric security systems, it makes the smart home system compatible with Apple’s HomeKit and Honeywell’s Wi-Fi (wireless fidelity) indoor cameras named Lyric C1 and C2 are paired with the Lyric app to access recorded events, live streaming, and send alerts regarding inactivity of smoke and carbon monoxide detectors.
Smart Home Systems Market
- By System
- Lighting Control
- Occupancy Sensors
- Timers
- Dimmers
- Switches
- Others
- Security and Access Control
- Video Surveillance Systems
- Access Control Systems
- Biometric Access Control
- Non-Biometric Access Control
- HVAC Control
- Smart Thermostats
- Heating and Cooling Coils
- Dampers
- Smart Fans
- Smart Vents
- Others
- Entertainment and Other Controls
- Entertainment Control Products
- Home Theater System Controls
- Others
- Home Appliances
- Smart Refrigerators
- Smart Washers
- Smart TV
- Others
- Others
- Lighting Control
- By Country
- India
- Australia
- Canada
Table of Contents
1. Market Scope
1.1. Market
Segmentation
1.2. Years
Considered
1.2.1. Historic
Years: 2013 - 2017
1.2.2. Base
Year: 2018
1.2.3. Forecast
Years: 2019 – 2027
2. Key Target Audiences
3. Research Methodology
3.1. Primary
Research
3.1.1. Research
Questionnaire
3.1.2. India
Percentage Breakdown
3.1.3. Primary
Interviews: Key Opinion Leaders (KOLs)
3.2. Secondary
Research
3.2.1. Paid
Databases
3.2.2. Secondary
Sources
3.3. Market
Size Estimates
3.3.1. Top-Down
Approach
3.3.2. Bottom-Up
Approach
3.4. Data
Triangulation Methodology
3.5. Research
Assumptions
4. Recommendations and Insights from AMI’s Perspective**
5. Holistic Overview of Smart Home Systems Market
6. Market Synopsis: Smart
Home Systems Market
7. Smart Home Systems Market Analysis: Qualitative Perspective
7.1. Introduction
7.1.1. Product
Definition
7.1.2. Industry
Development
7.2. Market
Dynamics
7.2.1. Drivers
7.2.2. Restraints
7.2.3. Opportunities
7.3. Trends in
Smart Home Systems Market
7.4. Market
Determinants Radar Chart
7.5. Macro-Economic
and Micro-Economic Indicators: Smart Home Systems Market
7.6. Porter’s
Five Force Analysis
8. India Smart Home Systems Market Analysis and Forecasts, 2019
– 2027
8.1. Overview
8.1.1. India
Smart Home Systems Market Revenue (US$ Mn)
8.2. India
Smart Home Systems Market Revenue (US$ Mn) and Forecasts, By System
8.2.1. Lighting
Control (Definition, Market Penetration (2018), Market Estimation (2013 –
2018), Market Forecast (2019 – 2027), Compound Annual Growth Rate (CAGR),
Regional Bifurcation (XX) and Information on Occupancy Sensors, Timers,
Dimmers, Switches, Others)
8.2.1.1. Occupancy
Sensors
8.2.1.2. Timers
8.2.1.3. Dimmers
8.2.1.4. Switches
8.2.1.5. Others
8.2.2. Security
and Access Control (Definition, Market Penetration (2018), Market Estimation
(2013 – 2018), Market Forecast (2019 – 2027), Compound Annual Growth Rate
(CAGR), Regional Bifurcation (XX) and Information on Video Surveillance
Systems, Access Control Systems)
8.2.2.1. Video
Surveillance Systems
8.2.2.2. Access
Control Systems
8.2.2.2.1. Biometric
Access Control
8.2.2.2.2. Non-Biometric
Access Control
8.2.3. HVAC
Control (Definition, Market Penetration (2018), Market Estimation (2013 –
2018), Market Forecast (2019 – 2027), Compound Annual Growth Rate (CAGR),
Regional Bifurcation (XX) and Information on Smart Thermostats, Heating and
Cooling Coils, Dampers, Smart Fans, Smart Vents, Others)
8.2.3.1. Smart
Thermostats
8.2.3.2. Heating
and Cooling Coils
8.2.3.3. Dampers
8.2.3.4. Smart
Fans
8.2.3.5. Smart
Vents
8.2.3.6. Others
8.2.4. Entertainment
and Other Controls (Definition, Market Penetration (2018), Market Estimation
(2013 – 2018), Market Forecast (2019 – 2027), Compound Annual Growth Rate
(CAGR), Regional Bifurcation (XX) and Information on Entertainment Control
Products, Home Theater System Controls, Others)
8.2.4.1. Entertainment
Control Products
8.2.4.2. Home
Theater System Controls
8.2.4.3. Others
8.2.5. Home Appliances
(Definition, Market Penetration (2018), Market Estimation (2013 – 2018), Market
Forecast (2019 – 2027), Compound Annual Growth Rate (CAGR), Regional
Bifurcation (XX) and Information on Smart Refrigerators, Smart Washers, Smart
TV, Others)
8.2.5.1. Smart
Refrigerators
8.2.5.2. Smart
Washers
8.2.5.3. Smart
TV
8.2.5.4. Others
8.2.6. Others
8.2.6.1. Definition
8.2.6.2. Market
Penetration, 2018
8.2.6.3. Market
Estimation, 2013 – 2018
8.2.6.4. Market
Forecast, 2019 – 2027
8.2.6.5. Compound
Annual Growth Rate (CAGR)
8.3. Key
Segment for Channeling Investments
8.3.1. By
System
9. Canada Smart Home Systems Market Analysis and Forecasts, 2019
– 2027
9.1. Overview
9.1.1. Canada
Smart Home Systems Market Revenue (US$ Mn)
9.2. Canada
Smart Home Systems Market Revenue (US$ Mn) and Forecasts, By System
9.2.1. Lighting
Control (Definition, Market Penetration (2018), Market Estimation (2013 –
2018), Market Forecast (2019 – 2027), Compound Annual Growth Rate (CAGR),
Regional Bifurcation (XX) and Information on Occupancy Sensors, Timers,
Dimmers, Switches, Others)
9.2.1.1. Occupancy
Sensors
9.2.1.2. Timers
9.2.1.3. Dimmers
9.2.1.4. Switches
9.2.1.5. Others
9.2.2. Security
and Access Control (Definition, Market Penetration (2018), Market Estimation
(2013 – 2018), Market Forecast (2019 – 2027), Compound Annual Growth Rate
(CAGR), Regional Bifurcation (XX) and Information on Video Surveillance
Systems, Access Control Systems)
9.2.2.1. Video
Surveillance Systems
9.2.2.2. Access
Control Systems
9.2.2.2.1. Biometric
Access Control
9.2.2.2.2. Non-Biometric
Access Control
9.2.3. HVAC
Control (Definition, Market Penetration (2018), Market Estimation (2013 –
2018), Market Forecast (2019 – 2027), Compound Annual Growth Rate (CAGR),
Regional Bifurcation (XX) and Information on Smart Thermostats, Heating and
Cooling Coils, Dampers, Smart Fans, Smart Vents, Others)
9.2.3.1. Smart
Thermostats
9.2.3.2. Heating
and Cooling Coils
9.2.3.3. Dampers
9.2.3.4. Smart
Fans
9.2.3.5. Smart
Vents
9.2.3.6. Others
9.2.4. Entertainment
and Other Controls (Definition, Market Penetration (2018), Market Estimation
(2013 – 2018), Market Forecast (2019 – 2027), Compound Annual Growth Rate
(CAGR), Regional Bifurcation (XX) and Information on Entertainment Control
Products, Home Theater System Controls, Others)
9.2.4.1. Entertainment
Control Products
9.2.4.2. Home
Theater System Controls
9.2.4.3. Others
9.2.5. Home
Appliances (Definition, Market Penetration (2018), Market Estimation (2013 –
2018), Market Forecast (2019 – 2027), Compound Annual Growth Rate (CAGR),
Regional Bifurcation (XX) and Information on Smart Refrigerators, Smart
Washers, Smart TV, Others)
9.2.5.1. Smart
Refrigerators
9.2.5.2. Smart
Washers
9.2.5.3. Smart
TV
9.2.5.4. Others
9.2.6. Others
9.2.6.1. Definition
9.2.6.2. Market
Penetration, 2018
9.2.6.3. Market
Estimation, 2013 – 2018
9.2.6.4. Market
Forecast, 2019 – 2027
9.2.6.5. Compound
Annual Growth Rate (CAGR)
9.3. Key
Segment for Channeling Investments
9.3.1. By
System
10. Australia Smart Home Systems Market Analysis and Forecasts,
2019 – 2027
10.1. Overview
10.1.1. Australia
Smart Home Systems Market Revenue (US$ Mn)
10.2. Australia
Smart Home Systems Market Revenue (US$ Mn) and Forecasts, By System
10.2.1. Lighting
Control (Definition, Market Penetration (2018), Market Estimation (2013 –
2018), Market Forecast (2019 – 2027), Compound Annual Growth Rate (CAGR),
Regional Bifurcation (XX) and Information on Occupancy Sensors, Timers,
Dimmers, Switches, Others)
10.2.1.1. Occupancy
Sensors
10.2.1.2. Timers
10.2.1.3. Dimmers
10.2.1.4. Switches
10.2.1.5. Others
10.2.2. Security
and Access Control (Definition, Market Penetration (2018), Market Estimation
(2013 – 2018), Market Forecast (2019 – 2027), Compound Annual Growth Rate
(CAGR), Regional Bifurcation (XX) and Information on Video Surveillance
Systems, Access Control Systems)
10.2.2.1. Video
Surveillance Systems
10.2.2.2. Access
Control Systems
10.2.2.2.1. Biometric
Access Control
10.2.2.2.2. Non-Biometric
Access Control
10.2.3. HVAC
Control (Definition, Market Penetration (2018), Market Estimation (2013 –
2018), Market Forecast (2019 – 2027), Compound Annual Growth Rate (CAGR),
Regional Bifurcation (XX) and Information on Smart Thermostats, Heating and
Cooling Coils, Dampers, Smart Fans, Smart Vents, Others)
10.2.3.1. Smart
Thermostats
10.2.3.2. Heating
and Cooling Coils
10.2.3.3. Dampers
10.2.3.4. Smart
Fans
10.2.3.5. Smart
Vents
10.2.3.6. Others
10.2.4. Entertainment
and Other Controls (Definition, Market Penetration (2018), Market Estimation
(2013 – 2018), Market Forecast (2019 – 2027), Compound Annual Growth Rate
(CAGR), Regional Bifurcation (XX) and Information on Entertainment Control
Products, Home Theater System Controls, Others)
10.2.4.1. Entertainment
Control Products
10.2.4.2. Home
Theater System Controls
10.2.4.3. Others
10.2.5. Home
Appliances (Definition, Market Penetration (2018), Market Estimation (2013 –
2018), Market Forecast (2019 – 2027), Compound Annual Growth Rate (CAGR),
Regional Bifurcation (XX) and Information on Smart Refrigerators, Smart
Washers, Smart TV, Others)
10.2.5.1. Smart
Refrigerators
10.2.5.2. Smart
Washers
10.2.5.3. Smart
TV
10.2.5.4. Others
10.2.6. Others
10.2.6.1. Definition
10.2.6.2. Market
Penetration, 2018
10.2.6.3. Market
Estimation, 2013 – 2018
10.2.6.4. Market
Forecast, 2019 – 2027
10.2.6.5. Compound
Annual Growth Rate (CAGR)
10.3. Key
Segment for Channeling Investments
10.3.1. By
System
11. Competitive Benchmarking
11.1. Market
Share Analysis, 2018
11.2. India
Presence and Growth Strategies
11.2.1. Mergers
and Acquisitions
11.2.2. Product
Launches
11.2.3. Investments
Trends
11.2.4. R&D
Initiatives
12. Player Profiles
12.1. Alarm.com
12.1.1. Company
Details
12.1.2. Company
Overview
12.1.3. Product
Offerings
12.1.4. Key
Developments
12.1.5. Financial
Analysis
12.1.6. SWOT
Analysis
12.1.7. Business
Strategies
12.2. Amazon.com,
Inc.
12.2.1. Company
Details
12.2.2. Company
Overview
12.2.3. Product
Offerings
12.2.4. Key
Developments
12.2.5. Financial
Analysis
12.2.6. SWOT Analysis
12.2.7. Business
Strategies
12.3. Chiyu
Technology Co., Ltd.
12.3.1. Company
Details
12.3.2. Company
Overview
12.3.3. Product
Offerings
12.3.4. Key
Developments
12.3.5. Financial
Analysis
12.3.6. SWOT
Analysis
12.3.7. Business
Strategies
12.4. Crestron
Electronics, Inc.
12.4.1. Company
Details
12.4.2. Company
Overview
12.4.3. Product
Offerings
12.4.4. Key
Developments
12.4.5. Financial
Analysis
12.4.6. SWOT
Analysis
12.4.7. Business
Strategies
12.5. Google
LLC
12.5.1. Company
Details
12.5.2. Company
Overview
12.5.3. Product
Offerings
12.5.4. Key
Developments
12.5.5. Financial
Analysis
12.5.6. SWOT
Analysis
12.5.7. Business
Strategies
12.6. Honeywell
International Inc.
12.6.1. Company
Details
12.6.2. Company
Overview
12.6.3. Product
Offerings
12.6.4. Key
Developments
12.6.5. Financial
Analysis
12.6.6. SWOT
Analysis
12.6.7. Business
Strategies
12.7. Johnson
Controls
12.7.1. Company
Details
12.7.2. Company
Overview
12.7.3. Product
Offerings
12.7.4. Key
Developments
12.7.5. Financial
Analysis
12.7.6. SWOT
Analysis
12.7.7. Business
Strategies
12.8. Leviton
Manufacturing Co., Inc.
12.8.1. Company
Details
12.8.2. Company
Overview
12.8.3. Product
Offerings
12.8.4. Key
Developments
12.8.5. Financial
Analysis
12.8.6. SWOT
Analysis
12.8.7. Business
Strategies
12.9. Logitech
12.9.1. Company
Details
12.9.2. Company
Overview
12.9.3. Product
Offerings
12.9.4. Key
Developments
12.9.5. Financial
Analysis
12.9.6. SWOT
Analysis
12.9.7. Business
Strategies
12.10. Mantra
Softech (India) Pvt. Ltd.
12.10.1. Company
Details
12.10.2. Company
Overview
12.10.3. Product
Offerings
12.10.4. Key
Developments
12.10.5. Financial
Analysis
12.10.6. SWOT
Analysis
12.10.7. Business
Strategies
12.11. Orient
Electric
12.11.1. Company
Details
12.11.2. Company
Overview
12.11.3. Product
Offerings
12.11.4. Key
Developments
12.11.5. Financial
Analysis
12.11.6. SWOT
Analysis
12.11.7. Business
Strategies
12.12. Robert
Bosch GmbH
12.12.1. Company
Details
12.12.2. Company
Overview
12.12.3. Product
Offerings
12.12.4. Key
Developments
12.12.5. Financial
Analysis
12.12.6. SWOT
Analysis
12.12.7. Business
Strategies
12.13. SAMSUNG
ELECTRONICS CO., LTD.
12.13.1. Company
Details
12.13.2. Company
Overview
12.13.3. Product
Offerings
12.13.4. Key
Developments
12.13.5. Financial
Analysis
12.13.6. SWOT
Analysis
12.13.7. Business
Strategies
12.14. Schneider
Electric
12.14.1. Company
Details
12.14.2. Company
Overview
12.14.3. Product
Offerings
12.14.4. Key
Developments
12.14.5. Financial
Analysis
12.14.6. SWOT
Analysis
12.14.7. Business
Strategies
12.15. Siemens
12.15.1. Company
Details
12.15.2. Company
Overview
12.15.3. Product
Offerings
12.15.4. Key
Developments
12.15.5. Financial
Analysis
12.15.6. SWOT
Analysis
12.15.7. Business
Strategies
12.16. Wirepath
Home System, LLC, dba Control4
12.16.1. Company
Details
12.16.2. Company
Overview
12.16.3. Product
Offerings
12.16.4. Key
Developments
12.16.5. Financial
Analysis
12.16.6. SWOT
Analysis
12.16.7. Business
Strategies
12.17. Other
Market Participants
13. Key Findings
Note: This ToC is tentative and can
be changed according to the research study conducted during the course of
report completion.
**Exclusive for Multi-User and
Enterprise User.
At Absolute Markets Insights, we are engaged in building both global as well as country specific reports. As a result, the approach taken for deriving the estimation and forecast for a specific country is a bit unique and different in comparison to the global research studies. In this case, we not only study the concerned market factors & trends prevailing in a particular country (from secondary research) but we also tend to calculate the actual market size & forecast from the revenue generated from the market participants involved in manufacturing or distributing the any concerned product. These companies can also be service providers. For analyzing any country specifically, we do consider the growth factors prevailing under the states/cities/county for the same. For instance, if we are analyzing an industry specific to United States, we primarily need to study about the states present under the same(where the product/service has the highest growth). Similar analysis will be followed by other countries. Our scope of the report changes with different markets.
Our research study is mainly implement through a mix of both secondary and primary research. Various sources such as industry magazines, trade journals, and government websites and trade associations are reviewed for gathering precise data. Primary interviews are conducted to validate the market size derived from secondary research. Industry experts, major manufacturers and distributors are contacted for further validation purpose on the current market penetration and growth trends.
Prominent participants in our primary research process include:
- Key Opinion Leaders namely the CEOs, CSOs, VPs, purchasing managers, amongst others
- Research and development participants, distributors/suppliers and subject matter experts
Secondary Research includes data extracted from paid data sources:
- Reuters
- Factiva
- Bloomberg
- One Source
- Hoovers
Research Methodology
Key Inclusions
Reach to us
Call us on
+91-74002-42424
Drop us an email at
sales@absolutemarketsinsights.com
Why Absolute Markets Insights?
An effective strategy is the entity that influences a business to stand out of the crowd. An organization with a phenomenal strategy for success dependably has the edge over the rivals in the market. It offers the organizations a head start in planning their strategy. Absolute Market Insights is the new initiation in the industry that will furnish you with the lead your business needs. Absolute Market Insights is the best destination for your business intelligence and analytical solutions; essentially because our qualitative and quantitative sources of information are competent to give one-stop solutions. We inventively combine qualitative and quantitative research in accurate proportions to have the best report, which not only gives the most recent insights but also assists you to grow.