According to Global Market Outlook (2015-2022), the Global Smart Homes Market is accounted for $26.3 billion in 2015 and is expected to reach $80.89 billion by 2022 growing at a CAGR of 17.41% from 2015 to 2022. The smart homes market has been witnessing remarkable growth, mainly driven by its eco friendly nature. Machine-2-Machine (M2M) communications, product growth in Internet of Things (IOT), increasing cost of energy are the key factors driving the market growth.
“Numerous Israeli startups are behind the accelerated growth of smart home innovation. Artec Lantec is proud to represent a global market leader for IoT, Gemalto. Its Cinterion solutions enable simplifying the creation of new Internet of Things (IoT) applications. The Cinterion® Connect Shield development board utilizes the popular and highly accessible Arduino design environment, and features an intelligent modem chipset optimized for low-power IoT devices that can deliver extended battery life. Gemalto offers a broad portfolio of solutions, services and platforms that enable M2M and IoT applications, which allow enterprises and people to trust in our connected world. Gemalto offer the technology blocks customers need to simplify and accelerate development and ensure the security, reliability and the long life of M2M and IoT solutions.” Artec Lantec CEO, Yoram Sror
In the Global Smart Homes Market, North America accounted for the largest market share, led by the maximum adoption of smart homes systems. The U.S. is likely to remain as the key market for smart homes throughout the forecast period driven by its high adoption rate and development. Cost effectiveness of these products is increasing the demand for smart homes market in both developed and developing regions. The Asia-Pacific smart homes market is anticipated to grow at the highest CAGR amongst all regions, backed by its resilient GDP growth and the growing real estate market.
Additional players in the global smart home market include ABB Ltd., Cisco Systems, Inc., Control4 Corporation, Crestron Electronics, Inc., Emerson Electric Co., Honeywell International, Inc., Ingersoll-Rand PLC, Legrand S.A., Leviton MFG. Company Inc., LG Electronics Inc, Lutron Electronics, Inc., Schneider Electric SA, Siemens AG., Smarthome, Inc. and United Technologies Corporation.
Products Covered in the report:
– Security & Access Control
– Energy Management System
– Lighting Control
– Smart Devices
– Others
– HVAC Control
– Humidity Sensors
– Climate Controls
– Thermostats
– Temperature Sensors
– Others
– Entertainment Control
– Others
Services Covered:
– Installation
– Customization
Protocol & Technologies Covered:
– Cellular Network
– Communication Network
– Smart Home Protocols
Regions Covered:
– North America
– US
– Canada
– Mexico
– Europe
– Germany
– France
– Italy
– UK
– Spain
– Rest of Europe
– Asia Pacific
– Japan
– China
– India
– Australia
– New Zealand
– Rest of Asia Pacific
– Rest of the World
– Middle East
– Brazil
– Argentina
– South Africa
– Egypt
