Smart Home Systems Market Size 2021
Smart home systems signify the smart devices in the home that are connected by local area network (LAN), internet, Bluetooth, or any other network. Smart home systems mainly control temperature, lighting, appliances, entertainment systems, and home security devices such as alarm systems, and access control. It enables a user to control and manage smart home devices through networked devices, control panel, voice command hubs such as smartphones, and smart speakers. A house that uses home automation technology is a smart home by which human life gets simpler and better. All the devices such as water detectors, thermostats, vale locks, smoke alarms, smart sensors, humidifiers, and wireless doorbells are connected to a user’s phone or tablet through which user can control the devices from anywhere. For instance, Google Home, a set of speakers enables a user to control the home’s environment simply through a voice command. Thus, this is supporting the Smart Home Systems Market Size growth.
Smart home systems have become a helping hand for the handicapped society which propels the growth of the Smart Home Systems Market Size. Around one billion people in the world are facing some or other kind of disability. They face difficulty in accessibility and are susceptible to socioeconomic outcomes. Smart home is become a solution to them to live a comfortable lifestyle, through smart home systems they can control their house's environment easily. Smart homes also help the elder population enormously by reducing a need for a manual helping hand and simplifies things with the touch of a button. Smart Home Systems Market Size generates large demand from all architectural structures involving the handicapped, and geriatric population.
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Major Key Players:
Some of the prominent players operating in the Smart Home Systems Market Size include Alarm.com, Amazon.com, Inc., Chiyu Technology Co., Ltd., Crestron Electronics, Inc., Google LLC, Honeywell International Inc, Johnson Controls, Leviton Manufacturing Co., Inc., Logitech, Mantra Softech (India) Pvt. Ltd., Orient Electric, Robert Bosch GmbH, SAMSUNG ELECTRONICS CO., LTD., Schneider Electric, Siemens, Wirepath Home System, LLC, dba Control4, amongst others
Key findings of the report:
In terms of revenue, the Smart Home Systems Market Size is expected to witness considerable market growth over the study period attributed to the increasing implementation of internet of things (IoT) to support the expansion of the market
On the basis of system, the entertainment and other controls is expected to witness the most attractive segment during the forecast period. The growth of the segment can be attributed to the rising demand for smoke detectors and smart meters, and the rising popularity of smart hub, smart plugs, and smart locks also propels the growth. The market for entertainment and other controls is growing by the rising demand for audio, volume and multimedia controls.
Market Segmentation
By System
Lighting Control
Occupancy Sensors
Timers
Dimmers
Switches
Others
Security and Access Control
Video Surveillance Systems
Access Control Systems
Biometric Access Control
Non-Biometric Access Control
HVAC Control
Smart Thermostats
Heating and Cooling Coils
Dampers
Smart Fans
Smart Vents
Others
Entertainment and Other Controls
Entertainment Control Products
Home Theater System Controls
Others
Home Appliances
Smart Refrigerators
Smart Washers
Smart TV
Others
Others
By Country
India
Australia
Canada
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