Press release
Smart Home Device Market Size, Share, Growth, Upcoming Trends , Industry Analysis by Forecast 2020 - 2023
Smart Home Device Market
The global smart home device market, according to the report by Market Research Future (MRFR), is expected to acquire a market valuation of USD 40.23 billion by 2025, at a substantial CAGR of 18.9% over the review period of (2019-2024).
Drivers and Restraints
The global smart home devices market is slated to flourish owing to the increasing adoption and advancement of the Internet of Things technology (IoT), artificial intelligence (AI), among others. The growing consumer demand for automation in homes is one of the significant driving factors for the increasing adoption of smart home devices. Moreover, the constant research and development activities taking place to evolve the automation and IoT technologies, and their integration into daily objects is one of the significant driving factors over the review period.
Get Free Sample of Smart Home Device Market Report @ https://www.marketresearchfuture.com/sample_request/8043
Segmental Analysis
The demand for smart home devices is segmented based on the product, platform/virtual assistant, and connectivity.
The products available in the global smart home devices market are smart surveillance cameras (video doorbell camera, standalone security camera, and others), smart hubs and controllers (smart panels and switches, smart speakers, smart remote control, and others), smart locks and security system (fire control system, biometric controlled locks, and others), smart kitchen appliances (precision cookers, microwave/ovens, smart coffee makers, and others), smart HVAC (smart wall panels, and smart thermostat), based on lighting (smart bulb and light, and smart wall switch), and other home appliances (vacuum cleaners, smart bed, fitness devices, and others).
The connectivity options accessed by smart home devices are Bluetooth, WiFi, Zigbee, and others.
The various platforms/virtual assistants that operate in the global market for smart home devices are Amazon Alexa, Google Assistant, Apple Siri, Samsung Bixby, and others.
Competitive Analysis
The major market players operating in the global market for smart home devices are Amazon.com Inc. (US), Wink Labs Inc. (US), Brilliant Home Technology Inc (US), Logitech International SA (Switzerland), Samsung Electronics Co. Ltd (Republic of Korea), NetGear Inc. (US), SkyBell Technologies Inc. (US), Nest Labs (US), ADT Inc. (US), Vivint Inc. (US), SimpliSafe Inc. (US), Robert Bosch GmbH (Germany), PHILIPS LTG N V/ADR (Signify) (Netherlands), Cree Inc. (US), Honeywell International Inc (US). Google LLC (US) and Apple Inc. (US).
The other market players acknowledged by MRFR include Siemens AG (Germany), Johnson Controls International PLC (US), Schneider Electric SE (France), United Technologies Corporation (US), ASSA ABLOY AB (Sweden), Legrand SA (France), ABB Ltd (Switzerland), Ingersoll-Rand PLC (Ireland), Comcast Corporation (US), Hubbell Incorporated (US), Huawei Technologies Co. Ltd (China), Sony Corporation (Japan), Panasonic Corporation (Japan), LG Electronics Inc (South Korea), Lutron Electronics Co Inc (US), Creston Electronics Inc (US), Hitachi Ltd (Japan), Delta Controls Inc (US), Control4 Corp (US), Lennox International Inc. (US), General Electric Company (US), Axis Communications AB (Sweden), Distech Controls Inc (US), Canary Connect Inc. (US) among others.
Industry News
October 2019: Dish Tv India launched a new range of smart connected devices with an android-based set-top box and Alexa built-in smart kits and smart home controls with voice commands and combining linear TV with popular OTT applications into a single entertainment device.
October 2019: Google unveiled its new Nest mini, with enhanced speakers and new Nest WiFi routers, along with the latest updates for its Nest smart-home unit.
October 2019: Google announced the release of Home Feed, a new security feed for the current Google Home and Nest Home devices, which will be accessible through the Home app. The systems offered special security features that enabled users to listen to the sound alerts that triggered the Google Assistant-powered speakers, such as smoke alarms, dog barks, among others. For instance, if the notification received on the app is that of a smoke alarm, the app allowed users to dial necessary emergency service numbers through a pop-up icon.
Get Complete Smart Home Device Market Report @ https://www.marketresearchfuture.com/reports/smart-home-device-market-8043
Regional Analysis
The global market for smart home devices is expected to gain traction in North America, and Europe owing to the presence of an established IT sector, which is investing towards technological innovations. Moreover, the presence of major market giants in these regions is also expected to offer lucrative opportunities for market growth in the forecast period. Asia Pacific region is also assessed as a promising market for smart home devices, followed by the Middle East. These regions are expanding owing to the rapid industrialization and technological penetration.
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Smart Home Device Market Size, Share, Growth, Upcoming Trends , Industry Analysis by Forecast 2020 - 2023 here
News-ID: 2089941 • Views: …
More Releases from Market Research Future
Smart Meters Market to Reach USD 56,854.66 Million by 2035 | CAGR 8.15%
The Smart Meters Market has emerged as a transformative force in the global energy ecosystem, reshaping how utilities and consumers monitor, manage, and optimize electricity, gas, and water consumption. With the rising integration of digital technologies, smart grids, and automation systems, smart meters have become a vital component for enabling real-time data collection, improving operational efficiency, and enhancing overall energy reliability. The market continues to grow rapidly as governments, energy…
Solar Hybrid Inverter Market to Expand at 8.90% CAGR Through 2035
The global Solar Hybrid Inverter Market continues to witness rapid expansion as renewable energy solutions gain traction across residential, commercial, and industrial segments. Hybrid inverters, capable of seamlessly integrating solar PV, batteries, and the grid, have become essential for powering next-generation distributed energy systems. Their ability to optimize energy usage, reduce electricity dependence, and ensure uninterrupted supply has positioned them as a key component of modern solar installations.
Get Free Sample…
Bifold Doors Industry valued at $10.69 Billion (2024), Expected $18.91 Billion b …
Bifold Doors Market Overview
The Bifold Doors Market is on a growth trajectory, driven by evolving consumer preferences, urbanization, and advancements in design technology. As of 2024, the market is estimated to be valued at approximately $10.69 billion, with projections indicating it will reach around $18.91 billion by 2035, reflecting a compound annual growth rate (CAGR) of 5.32% during the forecast period from 2025 to 2035.
Get a Sample PDF Brochure of…
Waterstop Market Size $2272.36 million in 2024, Projected to Reach $4040.69 mill …
Overview of the Waterstop Market
The Waterstop Market is experiencing significant growth, driven by increasing infrastructure investments and a heightened focus on water management solutions. According to recent analyses, the market was valued at approximately $2272.36 million in 2024 and is projected to reach around $4040.69 million by 2035, with a compound annual growth rate (CAGR) of 5.37% during the forecast period from 2025 to 2035.
Get a Sample PDF Brochure of…
More Releases for Smart
Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order…
Internet of Things (IoT) Devices Market By Type (Computing Devices, Smart Media, …
On a global scale, the Internet of Things (IoT) Devices market is currently showing significant development. The innovative methods and market study have helped many of the major players Samsung Electronics, Apple, Lenovo, ASUS, Acer, Huawei, Coolpad, LG Electronics, Google, Panasonic, Microsoft, Brother Industries, Honeywell, Fitbit, Lenovo to carve a name for themselves in the competitive global market. The Internet of Things (IoT) Devices market is experiencing a massive growth…
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview
The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands also has great examples of emerging…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
The global smart city transformation is underway
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands…
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency…
