WebsiteGear Logo Log In
New User? Sign Up
About | Contact | FAQ
  Home News Technology Software Products Tuesday, July 23, 2024 
Add Press Release News | News Feeds Feeds | Email This News Email


Smart home market in US to grow by 17.38% Y-O-Y from 2021 to 2022: Growing consumer interest in home automation will drive growth - Technavio
Wednesday, February 8, 2023

NEW YORK, Jan. 30, 2023 /PRNewswire/ -- The US smart home market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

Why buy?

    --  Add credibility to strategy
    --  Analyzes competitor's offerings
    --  Get a holistic view of the market

Grow your profit margin with Technavio - Buy the report

US smart home market insights -

    --  Vendors: 15+, including ABB Ltd., Allegion Plc, Alphabet Inc.,
        Amazon.com Inc., Apple Inc., Honeywell International Inc., Johnson
        Controls International Plc, Panasonic Corp., Samsung Electronics Co.
        Ltd., Schneider Electric SE, among others
    --  Coverage: Parent market analysis; key drivers, major trends, and
        challenges; customer and vendor landscape; vendor product insights and
        recent developments; key vendors; and market positioning of vendors
    --  Segments: Technology (wireless and wired) and application (home
        entertainment, smart appliances, energy management, lighting control
        system and HVAC, and safety and security system)

To understand more about the smart home market in US, request a sample report

The US smart home market size is estimated to grow by USD 18.18 billion from 2021 to 2026 at a CAGR of 17.90%, according to Technavio.

Smart home market in US - Customer landscape
To help companies evaluate and develop growth strategies, the report outlines -

    --  Key purchase criteria
    --  Adoption rates
    --  Adoption lifecycle
    --  Drivers of price sensitivity
    --  For highlights on customer landscape analysis, download a sample!

Smart home market in US - Vendor insights

The growing competition in the market is compelling vendors to adopt various growth strategies such as an expansion of product portfolio. Technavio report analyzes the market's competitive landscape and offers information on several market vendors, including -

    --  ABB Ltd. - The company offers smart home products such as ABB Ability.
    --  Allegion Plc - The company offers smart home products such as electronic
        locks.
    --  Alphabet Inc. - The company offers smart home products such as Nest
        Audio.

Smart home market in US - Market dynamics

Major drivers

    --  Growing consumer interest in home automation
    --  Availability of a wide range of smart home products
    --  Rising need for energy conservation

Key challenges

    --  Issues related to interoperability
    --  Rising need for energy conservation
    --  Challenges associated with media storage

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this US smart home market report?

    --  CAGR of the market during the forecast period
    --  Detailed information on factors that will drive the growth of the smart
        home market in US between 2022 and 2026
    --  Precise estimation of the size of the smart home market in US and its
        contribution to the parent market
    --  Accurate predictions about upcoming trends and changes in consumer
        behavior
    --  A thorough analysis of the market's competitive landscape and detailed
        information about vendors
    --  Comprehensive analysis of factors that will challenge the growth of US
        smart home market vendors

Gain instant access to 17,000+ market research reports.

Technavio's SUBSCRIPTION platform

Related Reports:

The smart home market is estimated to grow at a CAGR of 18.36% between 2022 and 2027. The size of the market is forecasted to increase by USD 133.01 billion. This report extensively covers market segmentation by application (home entertainment, smart appliances, energy management, lighting control system and HVAC, and safety and security system), technology (wireless and wired), and geography (North America, Europe, APAC, Middle East and Africa, and South America).

The smart city market is estimated to grow at a CAGR of 24.53% between 2022 and 2027. The size of the market is forecasted to increase by USD 288.7 billion. This report extensively covers market segmentation by application (smart infrastructure, smart energy, smart mobility, smart security, and others), component (hardware, software, and services), and geography (Europe, North America, APAC, South America, and Middle East and Africa).


      
       
              US Smart Home Market Scope



       Report Coverage                         
     Details



       Page number                                                                                                                                                  120



       Base year                                                                                                                                                   2021



       Forecast period                         
     2022-2026



       Growth momentum & CAGR                                                                                                            Accelerate at a CAGR of 17.90%



       Market growth 2022-2026                 
     USD 18.18 billion



       Market structure                        
     Fragmented



       YoY growth 2021-2022 (%)                                                                                                                                  17.38



       Competitive landscape                   
     Leading vendors, market positioning of vendors, competitive strategies, and industry risks



       Key companies profiled                    ABB Ltd., Allegion Plc, Alphabet Inc., Amazon.com Inc., Apple Inc., Honeywell International Inc., Johnson Controls
                                                   International Plc, Panasonic Corp., Samsung Electronics Co. Ltd., and Schneider Electric SE



       Market dynamics                           Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19
                                                   impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.



       Customization purview                     If our report has not included the data that you are looking for, you can reach out to our analysts and get segments
                                                   customized.

Browse for Technavio's information technology market reports

Table of contents

1. Executive Summary

1.1 Market Overview

2. Market Landscape

2.1 Market ecosystem

2.2: Value chain analysis

3. Market Sizing

3.1 Market definition

3.2 Market segment analysis

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021 - 2026

4. Five Forces Analysis

4.1 Five Forces Summary

4.2 Bargaining power of buyers

4.3 Bargaining power of suppliers

4.4 Threat of new entrants

4.5 Threat of substitutes

4.6 Threat of rivalry

4.7 Market condition

5. Market Segmentation by Application

5.1 Market segments

5.2 Comparison by Application

5.3 Home entertainment - Market size and forecast 2021-2026

5.4 Smart appliances - Market size and forecast 2021-2026

5.5 Energy management - Market size and forecast 2021-2026

5.6 Lighting control and HVAC - Market size and forecast 2021-2026

5.7 Safety and security system - Market size and forecast 2021-2026

5.8 Market opportunity by Application

6. Market Segmentation by Technology

6.1 Market segments

6.2 Comparison by Technology

6.3 Wireless - Market size and forecast 2021-2026

6.4 Wired - Market size and forecast 2021-2026

6.5 Market opportunity by Technology

7. Customer landscape

7.1 Overview

8. Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Market trends

9. Vendor Landscape

9.1 Overview

9.2 Landscape disruption

9.3 Competitive scenario

10. Vendor Analysis

10.1 Vendors covered

10.2 Market positioning of vendors

10.3 ABB Ltd.

10.4 Allegion Plc

10.5 Alphabet Inc.

10.6 Amazon.com Inc.

10.7 Apple Inc.

10.8 Honeywell International Inc.

10.9 Johnson Controls International Plc

10.10 Panasonic Corp.

10.11 Samsung Electronics Co. Ltd.

10.12 Schneider Electric SE

11. Appendix

11.1 Scope of the report

11.2 Currency conversion rates for US$

11.3 Research Methodology

11.4 List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/smart-home-market-in-us-to-grow-by-17-38-y-o-y-from-2021-to-2022-growing-consumer-interest-in-home-automation-will-drive-growth---technavio-301732368.html

SOURCE Technavio



Email This News Email | Submit To Slashdot Slashdot | Submit To Digg.com Digg | Submit To del.icio.us Del.icio.us | News Feeds Feeds

RELATED NEWS ARTICLES
Nav Weekly Recap: 12 Press Releases You Might Have Missed | Jul 23, 2024
Nav OpenText Cloud Editions 24.3 Unlocks Innovation and Productivity for Developers and Knowledge Workers Through Trusted Data | Jul 23, 2024
Nav Introducing CrewCost: The First Modern and Affordable Accounting Software for Construction Contractors | Jul 23, 2024
Nav Risk Management Software Market size is set to grow by USD 11.05 billion from 2024-2028, Increase in data and security breaches among enterprises boost the market, Technavio | Jul 23, 2024
Nav Simulation And Analysis Software Market size is set to grow by USD 10.92 billion from 2024-2028, Growing demand for simulation and analysis software boost the market, Technavio | Jul 23, 2024
Nav Data Security and Performance: ScaleFlux on Overcoming the Challenges Behind SDS | Jul 23, 2024
Nav Digital Health Market size is set to grow by USD 1.06 billion from 2024-2028, Increase in the number of M and A activities in the market boost the market, Technavio | Jul 23, 2024
Nav Border Security Market worth $34.4 billion by 2029 - Exclusive Report by MarketsandMarkets(TM) | Jul 23, 2024
Nav User Provisioning Market size is set to grow by USD 2.38 billion from 2023-2027, Growing demand for mobile user provisioning software boost the market, Technavio | Jul 23, 2024
Nav Smart Healthcare Market size is set to grow by USD 115.39 billion from 2023-2027, Growing demand for remote health monitoring to boost the market growth, Technavio | Jul 23, 2024
NEWS SEARCH

FEATURED NEWS | POPULAR NEWS
Submit News | View More News View More News