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Global Smart Homes Market Provide Growth Opportunities for Automotive Industry by 2025

 

Portland, OR -- (SBWIRE) -- 01/05/2018 -- Smart Homes Market Overview:

The global smart homes market is expected to grow at a CAGR of 15.2% from 2017 to 2025.

Smart home is the term generally used to define a house that uses a home controller to incorporate the house's several home automation systems. Smart home technology is a combined term for information- and communication technology (ICT) as used in houses. Smart home technology involves variety of different engineering challenges, including software programing, PCB design, Wi-Fi, TCP/IP protocols, Web Server logic design, and other aspects. Home monitoring cameras and connected door locks are among the most popular devices in a smart home.

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Based on product type, the market is segmented into lighting control, HVAC control, security and access control, smart kitchen, and entertainment & other controls. Based on technology, the market is classified into bluetooth, zigbee, radiofrequency identification, GSM/GPRS- cellular technology, Wi-Fi technology, and computing technologies. Geographic breakdown and deep analysis of each of the aforesaid segments is included for North America, Europe, Asia-Pacific, and LAMEA.

Market Dynamics:

Drivers:

Keep energy levels down while providing more automated applications.
Personal and family security.
Restraints:

High upfront investment required for well-integrated smart technologies.
Market Players:

The top players in the global smart homes market include Cisco Systems, Inc., Control4 Corporation, Leviton MFG. Company Inc., Schneider Electric SA, Siemens Building Technologies, United Technologies Corporation, Honeywell Scanning & Mobility, Smarthome, Inc., Emerson Electric Co., and LG Electronics Inc.

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MARKET LANDSCAPE

By Product Type

Lighting Control
HVAC Control
Security and Access Control
Smart Kitchen
Entertainment & Other Controls

By Technology

Bluetooth
Zigbee
Radiofrequency Identification
GSM/GPRS- Cellular Technology
Wi-Fi Technology
Computing Technologies

By Geography

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA