United States Smart Home Market, Size, Forecast 2022-2027, Industry Trends, Growth, Share, Impact of COVID-19, Company Analysis
United States Smart Home Market is expected to grow to US$ 78.7 Billion by 2027. In the United States, smart homes are the domestic face of the Internet of Things (IoT). Home automation is increasingly becoming to connect everyday devices in homes to the internet and make our living more comfortable, entertaining, and safe. It is an advanced technology that helps make several home appliances' operations more convenient and energy-saving. This technology involves controlling all the electronic devices at home using wireless technology. It offers comfort, energy efficiency, security, and convenience to the end-users by enabling them to handle electronic devices through a smart home app on their mobile phones or other networked appliances. This trend is certainly set to continue into the next decade.
Notwithstanding, as the technology underpinning the smart home revolution continues to get faster and more potent in the United States, expect home automation to offer domestic help in new and innovative ways. Many devices like Smart Light Switch, Smart Light Bulb, Door/Window Sensor, Smart Door Lock, Smart Health and Fitness Devices, Smart TV, and Smart Speakers are also connected to the voice assistant that can control them through voice commands.
Rise in Demand for Smart Home Products due to COVID-19
The COVID-19 pandemic impact on the United States smart home market has been positive. The need for smart home products such as smart appliances, home security, and home entertainment has increased due to the COVID-19 pandemic. In the wake of COVID-19, home safety solutions such as cameras and smart locks are enabling contactless deliveries. Work-from-home solutions are being utilized to maximize productivity, such as smart speakers to keep track of engagements and tasks.
Further, home healthcare solutions for the elderly to live a safe and independent lifestyle, such as remote chronic health monitoring, are gaining swiftness in the United States. Major players in the United States Smart Home Market are Honeywell International Inc., Acuity brands, Brinks home Security, Sleep number Corporation, Spectrum Brands Holdings, Inc., Ooma Inc, Comcast Corporation, Vivint.
United States Smart Homes Industry is expected to expand at a double-digit CAGR of 15.8% from 2021-2027.
Based on Applications, the United States smart home market includes Energy Management, Comfort and Lighting, Home Entertainment, Control and Connectivity, Security, Smart Appliances. The smart home penetration rate in the United States is expected to increase further across all segments in the following years, with home entertainment technologies as the leading segment.
The most commonly owned smart home devices among U.S. Americans were home entertainment like smart TVs, smart speakers, and Games Console and wireless speakers without Voice Assistants. Smart TVs and wireless speakers without voice assistants play a significant role in smart homes due to their features and usability. The smart speaker uses voice commands to control intelligent devices.
United States Smart Home Market Size was US$ 32.7 Billion in 2021
On the basis of Categories Products, control and connectivity has emerged as a high-end novelty across a wide range of home devices in the United States, including Door/Window Sensor, Motion Sensor, Smart Smoke Detector, Water Shutoff System, Home Networking, and Others. Americans demand a massive demand for Door/window detectors to make their residence and family safer when they are gone for a long trip or not around. Furthermore, among other connected devices, Americans are inclined towards Interactive Security System like Smart Door Lock, Video Doorbell, Monitoring Camera, Interactive Security System, Smart Outdoor Gadgets and Other.
Renub Research latest report titled ""United States Smart Home Market By Application (Energy Management, Comfort and Lighting, Home Entertainment, Control and Connectivity, Security, Smart Appliances), Categories Products (Energy Management, Comfort and Lighting, Home Entertainment, Control and Connectivity, Security, Smart Appliances), Company (Honeywell International Inc., Acuity brands, Brinks home Security, Sleep number Corporation, Spectrum Brands Holdings, Inc., Ooma Inc, Comcast Corporation, Vivint)"" Provides a detailed analysis of United States Smart Home Market
Application – Break up into 6 Segments, and each of these segments is further divided into 3 sub-segments
1. Energy Management
A. Energy Management Market
B. Number of Active Households
C. Application Household Penetration
2. Comfort and Lighting
A. Comfort and Lighting Market
B. Number of Active Households
C. Application Household Penetration
3. Home Entertainment
A. Home Entertainment Market
B. Number of Active Households
C. Application Household Penetration
4. Control and Connectivity
A. Control and Connectivity Market
B. Number of Active Households
C. Application Household Penetration
5. Security
A. Security Market
B. Number of Active Households
C. Application Household Penetration
6. Smart Appliances
A. Smart Appliances Market
B. Number of Active Households
C. Application Household Penetration
Energy Categories – Break up into 5 Products
1. Smart Light Switch
2. Smart Plug
3. Smart Electrical Socket
4. Smart Adapter
5. Others
Comfort and Lighting Categories – Break up into 4 Products
1. Smart Light Bulb
2. Smart Heating and Cooling
3. Garage Door Opener
4. Others
Home Entertainment Categories – Break up into 5 Products
1. Wireless Speakers without Voice Assistants
2. Smart Speakers with Voice Assistants
3. Smart TV
4. Games Console
5. Others
Control and Connectivity Categories – Break up into 6 Products
1. Door/Window Sensor
2. Motion Sensor
3. Smart Smoke Detector
4. Water Shutoff System
5. Home Networking
6. Others
Security Categories – Break up into 6 Products
1. Smart Door Lock
2. Video Doorbell
3. Monitoring Camera
4. Interactive Security System
5. Smart Outdoor Gadgets
6. Others
Smart Appliances Categories – Break up into 5 Products
1. Smart Thermostat
2. Smart Health and Fitness Devices
3. Smart Kitchen Appliances
4. Smart Oven
5. Others
Company have been covered from 3 Viewpoints
• Overview
• Recent Development
• Revenue
Company Analysis
1. Honeywell International Inc.
2. Acuity brands
3. Brinks home Security
4. Sleep number Corporation
5. Spectrum Brands Holdings, Inc.
6. Ooma Inc
7. Comcast Corporation
8. Vivint
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