Smart Home Devices Market Trends, Latest Techniques, Key Segments And Geography Forecasts Till 2030

Smart Home Devices Market

According to the most recent analysis by Emergen Research, the global market for smart home devices had a value of USD 84.52 billion in 2021 and is projected to grow at a rate of 10.4% over the forecast period. An essential driver boosting market revenue growth is the adoption of lighting controllers with built-in data communication technologies. The lighting control sector has experienced substantial growth in recent years. This market offers a wide variety of products, including timers, daylight sensors, dimmer switches, and occupancy sensors. These things can be utilised singly or in combination.

For the integration of home automation, they are compatible with both wireless network and wired network technologies. To enable their automated functions, lighting controllers must be externally attached with communication protocols. Lighting control manufacturers are already creating products with built-in data connectivity. The majority of controllers can be used directly without the need for external connectivity or communication standards, which is anticipated to fuel market revenue development. Connected lighting systems are built on the IoT, which makes it possible to transmit data among devices and enable smooth communication and contextual services.

The fact that smart home technology helps conserve the planet’s finite resources is one of its most significant features. People are learning more about the capabilities of smart home gadgets as they employ controllers that are linked with house sub-systems to make their homes smart and green.

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Some Key Highlights From the Report

In 2021, the entertainment and other controls segment’s revenue share was the highest. The growth of the video, multimedia, and audio control industry is fueled by how simple it is to monitor and operate entertainment systems inside a home thanks to these controls. Users can ditch the clutter of remote controls in favour of a more nuanced approach thanks to intelligent entertainment systems. They might also make their setup simpler so that people can easily get the music and movies they want. More than this, smart entertainment devices give users a more natural, seamless method to interact, whether through touch, gesture, or speech. Benefits like these are anticipated to accelerate the segment’s sales growth.

In 2021, the smart home gadget segment with prices under USD 25 accounted for the biggest revenue share. With the least expensive smart home appliances, anyone can make their home smarter without spending a fortune. Several moderately priced gadgets are available that may be used to turn on lights, change the temperature, play music, and even keep an eye on the property while the owner is away. The USD 25 Wemo WiFi Smart Plug, for instance, is one of the best inexpensive smart home devices and, in our opinion, the greatest smart plug. The Wemo Mini is more compact than competing products, even when compared to its predecessor. Despite its lack of energy, the Wemo WiFi Smart Plug works with all the major smart assistants.

SAMSUNG, LG Electronics, Honeywell International Inc., Schneider Electric, Koninklijke Philips N.V,, Inc., Robert Bosch GmbH, Apple Inc., Panasonic Holdings Corporation, and Sony Corporation are a few of the significant firms in the global market study.

Emergen Research has segmented the global smart home devices market on the basis of product, price range, sales channel, and region:

  • Product Outlook (Revenue, USD Billion; 2019–2030)

    • Fire Suppression
    • Lighting Control
      1. Relays
      2. Occupancy Sensors
      3. Daylight Sensors
      4. Timers
      5. Dimmers
      6. Switches
      7. Accessories and Other Products
    • Security and Access Control
      1. Video Surveillance
      2. Hardware
      3. Software/Video Analytics
      4. Price Ranges
    • Access Control
      1. Biometric Access Control
      2. Non-Biometric Access Control
    • HVAC Control
      1. Smart Thermostats
      2. Sensors
      3. Control Valves
      4. Heating & Cooling Coils
      5. Dampers
      6. Actuators
      7. Pumps & Fans
      8. Smart Vents
    • Entertainment and Other Controls
      1. Entertainment Control
      2. Other Controls
    • Smart Speaker
    • Home Healthcare
      1. Health Status Monitors
      2. Physical Activity Monitors
    • Smart Kitchen
      1. Smart Refrigerators
      2. Smart Coffee Makers
      3. Smart Kettles
      4. Smart Dish Washers
      5. Smart Ovens
      6. Smart Cooktops
      7. Smart Cookers
    • Home Appliances
      1. Smart Washers
      2. Smart Dryers
      3. Smart Water Heaters
      4. Smart Vacuum Cleaners
    • Smart Furniture
      1. Smart Tables
      2. Smart Desks
      3. Smart Stools & Benches
      4. Smart Sofas
      5. Smart Chairs
  • Price Range Outlook (Revenue, USD Billion; 2019–2030)

    • Below USD 25 Smart Home Device
    • USD 25-50 Smart Home Device
    • Above USD 50 Smart Home Device

      Sales Channel Outlook (Revenue, USD Billion; 2019–2030)

      • Online
      • Offline

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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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