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Smart Home Market is expected to reach $119 Billion by 2025 – An exclusive market research report by Lucintel

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Smart Home Market is expected to reach $119 Billion by 2025 – An exclusive market research report by Lucintel

November 19
19:42 2021
Smart Home Market is expected to reach $119 Billion by 2025 - An exclusive market research report by Lucintel
Trends and Forecast for the Global Smart Home Market
Trends, opportunities and forecast in smart homemarket to 2025 by application (safety and security, home appliance, entertainment control, lighting, HVAC control, home healthcare, smart kitchen, and others), type (product and service) by technology (wired and wireless), and region (North America, Europe, Asia Pacific, and the Rest of the World)

Lucintel’s latest market report analyzed that smart home provides attractive opportunities in home safety and security, appliance, entertainment, lighting, HVAC, healthcare, and kitchen applications. The Smart Home market is expected to reach $119 billion by 2025 with a CAGR of 8%. In this market, safety and security is the largest segment by end use industry, whereas wireless is largest by technology type. Development of voice assistant technology for high-end automated households, emergence of air quality sensor devices that measure volatile organic compounds (VOCs), and growing adoption of video enabled drones provides strategic growth path in this market.

Download Brochure of this report by clicking on https://www.lucintel.com/smart-home-market-2020-2025.aspx   Based on application, the smart home market is segmented into safety and security, home appliance, kitchen appliance, entertainment control, lighting control, HVAC control, and smart healthcare. The safety and security segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period, due to the increasing need for continuous monitoring services to reduce the risk of crime, burglary, and theft.

Browse in-depth TOC on “Smart Home Market”

87 – Tables

96 – Figures

182 – Pages

The Smart Home Market is marked by the presence of several big and small players. Some of the prominent players offering smart home include Honeywell, Johnson & Johnson ADT Corporation, Control4 Corporation, United Technologies Corporation, Siemens AG, Philips, Acuity Brands, and Vivint Inc

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected].

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

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