Smart Homes Market In Us 2024-2028

Smart Homes Market In US 2024-2028


The Smart homes market in US is forecasted to grow by USD 5911.3 mn during 2023-2028, accelerating at a CAGR of 5.41% during the forecast period. The report on the Smart homes market in US provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing consumer interest in home automation, availability of a wide range of Smart home products, and rising need for energy conservation.

Technavio's Smart homes market in US is segmented as below:

By Application
  • Home entertainment
  • Smart appliances
  • Energy management
  • Lighting control system and HVAC
  • Safety and security system
By Technology
  • Wireless
  • Wired
By Geographical Landscape
  • North America
This study identifies the increasing development of technologically advanced products as one of the prime reasons driving the Smart homes market in US growth during the next few years. Also, evolution of IOT and growing smartphone penetration and increasing internet speed will lead to sizable demand in the market.

The report on the Smart homes market in US covers the following areas:
  • Smart homes market in US sizing
  • Smart homes market in US forecast
  • Smart homes market in US industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Smart homes market in US vendors that include ABB Ltd., Allegion Public Ltd. Co., Alphabet Inc., Amazon.com Inc., Apple Inc., ASSA ABLOY AB, Carrier Global Corp., Comcast Corp., Honeywell International Inc., Hubbell Inc., Johnson Controls International PLC., Legrand, LG Electronics Inc., Lutron Electronics Co. Inc., Panasonic Holdings Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Schneider Electric SE, Snap One LLC, and Vivint Inc.. Also, the Smart homes market in US analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.


1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Country Market Characteristics
Executive Summary - Chart on Market Segmentation by Application
Executive Summary - Chart on Market Segmentation by Technology
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on US - Market size and forecast 2023-2028 ($ million)
Data Table on US - Market size and forecast 2023-2028 ($ million)
Chart on US: Year-over-year growth 2023-2028 (%)
Data Table on US: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Smart Homes Market in US 2018 - 2022
Historic Market Size - Data Table on Smart Homes Market in US 2018 - 2022 ($ million)
4.2 Application segment analysis 2018 - 2022
Historic Market Size - Application Segment 2018 - 2022 ($ million)
4.3 Technology segment analysis 2018 - 2022
Historic Market Size - Technology Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Application
6.1 Market segments
Chart on Application - Market share 2023-2028 (%)
Data Table on Application - Market share 2023-2028 (%)
6.2 Comparison by Application
Chart on Comparison by Application
Data Table on Comparison by Application
6.3 Home entertainment - Market size and forecast 2023-2028
Chart on Home entertainment - Market size and forecast 2023-2028 ($ million)
Data Table on Home entertainment - Market size and forecast 2023-2028 ($ million)
Chart on Home entertainment - Year-over-year growth 2023-2028 (%)
Data Table on Home entertainment - Year-over-year growth 2023-2028 (%)
6.4 Smart appliances - Market size and forecast 2023-2028
Chart on Smart appliances - Market size and forecast 2023-2028 ($ million)
Data Table on Smart appliances - Market size and forecast 2023-2028 ($ million)
Chart on Smart appliances - Year-over-year growth 2023-2028 (%)
Data Table on Smart appliances - Year-over-year growth 2023-2028 (%)
6.5 Energy management - Market size and forecast 2023-2028
Chart on Energy management - Market size and forecast 2023-2028 ($ million)
Data Table on Energy management - Market size and forecast 2023-2028 ($ million)
Chart on Energy management - Year-over-year growth 2023-2028 (%)
Data Table on Energy management - Year-over-year growth 2023-2028 (%)
6.6 Lighting control system and HVAC - Market size and forecast 2023-2028
Chart on Lighting control system and HVAC - Market size and forecast 2023-2028 ($ million)
Data Table on Lighting control system and HVAC - Market size and forecast 2023-2028 ($ million)
Chart on Lighting control system and HVAC - Year-over-year growth 2023-2028 (%)
Data Table on Lighting control system and HVAC - Year-over-year growth 2023-2028 (%)
6.7 Safety and security system - Market size and forecast 2023-2028
Chart on Safety and security system - Market size and forecast 2023-2028 ($ million)
Data Table on Safety and security system - Market size and forecast 2023-2028 ($ million)
Chart on Safety and security system - Year-over-year growth 2023-2028 (%)
Data Table on Safety and security system - Year-over-year growth 2023-2028 (%)
6.8 Market opportunity by Application
Market opportunity by Application ($ million)
Data Table on Market opportunity by Application ($ million)
7 Market Segmentation by Technology
7.1 Market segments
Chart on Technology - Market share 2023-2028 (%)
Data Table on Technology - Market share 2023-2028 (%)
7.2 Comparison by Technology
Chart on Comparison by Technology
Data Table on Comparison by Technology
7.3 Wired - Market size and forecast 2023-2028
Chart on Wired - Market size and forecast 2023-2028 ($ million)
Data Table on Wired - Market size and forecast 2023-2028 ($ million)
Chart on Wired - Year-over-year growth 2023-2028 (%)
Data Table on Wired - Year-over-year growth 2023-2028 (%)
7.4 Wireless - Market size and forecast 2023-2028
Chart on Wireless - Market size and forecast 2023-2028 ($ million)
Data Table on Wireless - Market size and forecast 2023-2028 ($ million)
Chart on Wireless - Year-over-year growth 2023-2028 (%)
Data Table on Wireless - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Technology
Market opportunity by Technology ($ million)
Data Table on Market opportunity by Technology ($ million)
8 Customer Landscape
8.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Drivers, Challenges, and Opportunity/Restraints
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
9.4 Market opportunities/restraints
10 Competitive Landscape
10.1 Overview
10.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
10.3 Landscape disruption
Overview on factors of disruption
10.4 Industry risks
Impact of key risks on business
11 Competitive Analysis
11.1 Companies profiled
Companies covered
11.2 Market positioning of companies
Matrix on companies position and classification
11.3 ABB Ltd.
ABB Ltd. - Overview
ABB Ltd. - Business segments
ABB Ltd. - Key news
ABB Ltd. - Key offerings
ABB Ltd. - Segment focus
11.4 Allegion Public Ltd. Co.
Allegion Public Ltd. Co. - Overview
Allegion Public Ltd. Co. - Business segments
Allegion Public Ltd. Co. - Key news
Allegion Public Ltd. Co. - Key offerings
Allegion Public Ltd. Co. - Segment focus
11.5 Alphabet Inc.
Alphabet Inc. - Overview
Alphabet Inc. - Business segments
Alphabet Inc. - Key offerings
Alphabet Inc. - Segment focus
11.6 Amazon.com Inc.
Amazon.com Inc. - Overview
Amazon.com Inc. - Business segments
Amazon.com Inc. - Key news
Amazon.com Inc. - Key offerings
Amazon.com Inc. - Segment focus
11.7 Apple Inc.
Apple Inc. - Overview
Apple Inc. - Business segments
Apple Inc. - Key news
Apple Inc. - Key offerings
Apple Inc. - Segment focus
11.8 Honeywell International Inc.
Honeywell International Inc. - Overview
Honeywell International Inc. - Business segments
Honeywell International Inc. - Key news
Honeywell International Inc. - Key offerings
Honeywell International Inc. - Segment focus
11.9 Johnson Controls International Plc.
Johnson Controls International Plc. - Overview
Johnson Controls International Plc. - Business segments
Johnson Controls International Plc. - Key news
Johnson Controls International Plc. - Key offerings
Johnson Controls International Plc. - Segment focus
11.10 Panasonic Holdings Corp.
Panasonic Holdings Corp. - Overview
Panasonic Holdings Corp. - Business segments
Panasonic Holdings Corp. - Key news
Panasonic Holdings Corp. - Key offerings
Panasonic Holdings Corp. - Segment focus
11.11 Samsung Electronics Co. Ltd.
Samsung Electronics Co. Ltd. - Overview
Samsung Electronics Co. Ltd. - Business segments
Samsung Electronics Co. Ltd. - Key news
Samsung Electronics Co. Ltd. - Key offerings
Samsung Electronics Co. Ltd. - Segment focus
11.12 Schneider Electric SE
Schneider Electric SE - Overview
Schneider Electric SE - Business segments
Schneider Electric SE - Key news
Schneider Electric SE - Key offerings
Schneider Electric SE - Segment focus
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
12.3 Currency conversion rates for US$
Currency conversion rates for US$
12.4 Research methodology
Research methodology
12.5 Data procurement
Information sources
12.6 Data validation
Data validation
12.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
12.8 Data synthesis
Data synthesis
12.9 360 degree market analysis
360 degree market analysis
12.10 List of abbreviations
List of abbreviations
Exhibits:
Exhibits1: Executive Summary - Chart on Market Overview
Exhibits2: Executive Summary - Data Table on Market Overview
Exhibits3: Executive Summary - Chart on Country Market Characteristics
Exhibits4: Executive Summary - Chart on Market Segmentation by Application
Exhibits5: Executive Summary - Chart on Market Segmentation by Technology
Exhibits6: Executive Summary - Chart on Company Market Positioning
Exhibits7: Parent Market
Exhibits8: Data Table on - Parent Market
Exhibits9: Market characteristics analysis
Exhibits10: Value Chain Analysis
Exhibits11: Offerings of companies included in the market definition
Exhibits12: Market segments
Exhibits13: Chart on US - Market size and forecast 2023-2028 ($ million)
Exhibits14: Data Table on US - Market size and forecast 2023-2028 ($ million)
Exhibits15: Chart on US: Year-over-year growth 2023-2028 (%)
Exhibits16: Data Table on US: Year-over-year growth 2023-2028 (%)
Exhibits17: Historic Market Size - Data Table on Smart Homes Market in US 2018 - 2022 ($ million)
Exhibits18: Historic Market Size - Application Segment 2018 - 2022 ($ million)
Exhibits19: Historic Market Size - Technology Segment 2018 - 2022 ($ million)
Exhibits20: Five forces analysis - Comparison between 2023 and 2028
Exhibits21: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits22: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits23: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits24: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits25: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits26: Chart on Market condition - Five forces 2023 and 2028
Exhibits27: Chart on Application - Market share 2023-2028 (%)
Exhibits28: Data Table on Application - Market share 2023-2028 (%)
Exhibits29: Chart on Comparison by Application
Exhibits30: Data Table on Comparison by Application
Exhibits31: Chart on Home entertainment - Market size and forecast 2023-2028 ($ million)
Exhibits32: Data Table on Home entertainment - Market size and forecast 2023-2028 ($ million)
Exhibits33: Chart on Home entertainment - Year-over-year growth 2023-2028 (%)
Exhibits34: Data Table on Home entertainment - Year-over-year growth 2023-2028 (%)
Exhibits35: Chart on Smart appliances - Market size and forecast 2023-2028 ($ million)
Exhibits36: Data Table on Smart appliances - Market size and forecast 2023-2028 ($ million)
Exhibits37: Chart on Smart appliances - Year-over-year growth 2023-2028 (%)
Exhibits38: Data Table on Smart appliances - Year-over-year growth 2023-2028 (%)
Exhibits39: Chart on Energy management - Market size and forecast 2023-2028 ($ million)
Exhibits40: Data Table on Energy management - Market size and forecast 2023-2028 ($ million)
Exhibits41: Chart on Energy management - Year-over-year growth 2023-2028 (%)
Exhibits42: Data Table on Energy management - Year-over-year growth 2023-2028 (%)
Exhibits43: Chart on Lighting control system and HVAC - Market size and forecast 2023-2028 ($ million)
Exhibits44: Data Table on Lighting control system and HVAC - Market size and forecast 2023-2028 ($ million)
Exhibits45: Chart on Lighting control system and HVAC - Year-over-year growth 2023-2028 (%)
Exhibits46: Data Table on Lighting control system and HVAC - Year-over-year growth 2023-2028 (%)
Exhibits47: Chart on Safety and security system - Market size and forecast 2023-2028 ($ million)
Exhibits48: Data Table on Safety and security system - Market size and forecast 2023-2028 ($ million)
Exhibits49: Chart on Safety and security system - Year-over-year growth 2023-2028 (%)
Exhibits50: Data Table on Safety and security system - Year-over-year growth 2023-2028 (%)
Exhibits51: Market opportunity by Application ($ million)
Exhibits52: Data Table on Market opportunity by Application ($ million)
Exhibits53: Chart on Technology - Market share 2023-2028 (%)
Exhibits54: Data Table on Technology - Market share 2023-2028 (%)
Exhibits55: Chart on Comparison by Technology
Exhibits56: Data Table on Comparison by Technology
Exhibits57: Chart on Wired - Market size and forecast 2023-2028 ($ million)
Exhibits58: Data Table on Wired - Market size and forecast 2023-2028 ($ million)
Exhibits59: Chart on Wired - Year-over-year growth 2023-2028 (%)
Exhibits60: Data Table on Wired - Year-over-year growth 2023-2028 (%)
Exhibits61: Chart on Wireless - Market size and forecast 2023-2028 ($ million)
Exhibits62: Data Table on Wireless - Market size and forecast 2023-2028 ($ million)
Exhibits63: Chart on Wireless - Year-over-year growth 2023-2028 (%)
Exhibits64: Data Table on Wireless - Year-over-year growth 2023-2028 (%)
Exhibits65: Market opportunity by Technology ($ million)
Exhibits66: Data Table on Market opportunity by Technology ($ million)
Exhibits67: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits68: Impact of drivers and challenges in 2023 and 2028
Exhibits69: Overview on criticality of inputs and factors of differentiation
Exhibits70: Overview on factors of disruption
Exhibits71: Impact of key risks on business
Exhibits72: Companies covered
Exhibits73: Matrix on companies position and classification
Exhibits74: ABB Ltd. - Overview
Exhibits75: ABB Ltd. - Business segments
Exhibits76: ABB Ltd. - Key news
Exhibits77: ABB Ltd. - Key offerings
Exhibits78: ABB Ltd. - Segment focus
Exhibits79: Allegion Public Ltd. Co. - Overview
Exhibits80: Allegion Public Ltd. Co. - Business segments
Exhibits81: Allegion Public Ltd. Co. - Key news
Exhibits82: Allegion Public Ltd. Co. - Key offerings
Exhibits83: Allegion Public Ltd. Co. - Segment focus
Exhibits84: Alphabet Inc. - Overview
Exhibits85: Alphabet Inc. - Business segments
Exhibits86: Alphabet Inc. - Key offerings
Exhibits87: Alphabet Inc. - Segment focus
Exhibits88: Amazon.com Inc. - Overview
Exhibits89: Amazon.com Inc. - Business segments
Exhibits90: Amazon.com Inc. - Key news
Exhibits91: Amazon.com Inc. - Key offerings
Exhibits92: Amazon.com Inc. - Segment focus
Exhibits93: Apple Inc. - Overview
Exhibits94: Apple Inc. - Business segments
Exhibits95: Apple Inc. - Key news
Exhibits96: Apple Inc. - Key offerings
Exhibits97: Apple Inc. - Segment focus
Exhibits98: Honeywell International Inc. - Overview
Exhibits99: Honeywell International Inc. - Business segments
Exhibits100: Honeywell International Inc. - Key news
Exhibits101: Honeywell International Inc. - Key offerings
Exhibits102: Honeywell International Inc. - Segment focus
Exhibits103: Johnson Controls International Plc. - Overview
Exhibits104: Johnson Controls International Plc. - Business segments
Exhibits105: Johnson Controls International Plc. - Key news
Exhibits106: Johnson Controls International Plc. - Key offerings
Exhibits107: Johnson Controls International Plc. - Segment focus
Exhibits108: Panasonic Holdings Corp. - Overview
Exhibits109: Panasonic Holdings Corp. - Business segments
Exhibits110: Panasonic Holdings Corp. - Key news
Exhibits111: Panasonic Holdings Corp. - Key offerings
Exhibits112: Panasonic Holdings Corp. - Segment focus
Exhibits113: Samsung Electronics Co. Ltd. - Overview
Exhibits114: Samsung Electronics Co. Ltd. - Business segments
Exhibits115: Samsung Electronics Co. Ltd. - Key news
Exhibits116: Samsung Electronics Co. Ltd. - Key offerings
Exhibits117: Samsung Electronics Co. Ltd. - Segment focus
Exhibits118: Schneider Electric SE - Overview
Exhibits119: Schneider Electric SE - Business segments
Exhibits120: Schneider Electric SE - Key news
Exhibits121: Schneider Electric SE - Key offerings
Exhibits122: Schneider Electric SE - Segment focus
Exhibits123: Inclusions checklist
Exhibits124: Exclusions checklist
Exhibits125: Currency conversion rates for US$
Exhibits126: Research methodology
Exhibits127: Information sources
Exhibits128: Data validation
Exhibits129: Validation techniques employed for market sizing
Exhibits130: Data synthesis
Exhibits131: 360 degree market analysis
Exhibits132: List of abbreviations

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