1. Market Research
  2. > Wireless Technology
  3. > Internet Of Things Market Trends

Smart Homes and Home Automation 4th Edition

  • May 2016
  • 220 pages
  • Berg Insight AB
Report ID: 1866567

Summary

Table of Contents

Smart Homes and Home Automation is the fourth consecutive report from Berg Insight analysing the latest developments on the connected home markets in Europe and North America.
This report in the M2M Research Series provides you with 220 pages of unique business intelligence including 5-year industry forecasts and expert commentary on which to base your business decisions.

Highlights from the fourth edition of the report:

Insights from 30 executive interviews with market leading companies 360-degree overview of the smart homes & home automation ecosystem:
Summary of industry trends in key vertical market segments
Statistical data on adoption of smart home systems in Europe and North America
New market forecasts lasting until 2020
Detailed reviews of the latest initiatives launched by industry players
Updated profiles of the key vendors on this market

91 million homes in Europe and North America will be smart by 2020.

Smart homes and home automation are ambiguous terms used in reference to a wide range of solutions for controlling, monitoring and automating functions in the home Berg Insight’s definition of a smart home system requires that it has a smartphone app or a web portal as a user interface Devices that only can be controlled with switches, timers, sensors and remote controls are thus not included in the scope of this study.

Smart home systems can be grouped into six primary categories: energy management and climate control systems; security and access control systems; lighting, window and appliance control systems; home appliances; audio-visual and entertainment systems; and healthcare and assisted living systems.

North America recorded strong growth in the smart home market during 2015. The installed base of smart home systems in the region increased by 62 percent to reach 169 million at the year-end. An estimated 28 million of these were multifunction or whole-home systems whereas 141 million were point solutions designed for one specific function. As some homes have more than one smart system in use, the installed base totalled an estimated 127 million smart homes at the end of the year. This corresponds to 97 percent of all households, placing North America as the most advanced smart home market in the world. Between 2015 and 2020, the number of households that have adopted smart home systems is forecasted to grow at a compound annual growth rate (CAGR) of 30 percent, resulting in 462 million smart homes Market revenues reached US$ 62 billion (€ 54 billion) in 2015, an increase of 42 percent year-on year.

The market is expected to grow at a CAGR of 31 percent between 2015 and 2020, reaching US$ 243 billion (€ 212 billion) in yearly revenues at the end of the forecast period.

The European market for smart home systems is still in an early stage and 2–3 years behind North America in terms of penetration and market maturity At the end of 2015, there were a total of 66 million smart home systems in use in the EU28+2 countries, up from 33 million in the previous year. Around 80 million of these systems were multifunction or whole-home systems whereas 58 million were point solutions. This corresponds to around 53 million smart homes when overlaps are taken into account, meaning that 24 percent of all households in the region were smart at the end of the year The number of European households that have adopted smart home systems is forecasted to grow at a compound annual growth rate (CAGR) of 54 percent during the next five years, resulting in 449 million smart homes by 2020 Market revenues grew by 157 percent to € 24 billion (US$ 27 billion) in 2015.

The market is forecasted to grow at a CAGR of 40 percent between 2015 and 2020 to reach € 128 billion (US$ 147 billion) at the end of the forecast period.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Veronica helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Smart Home as a Service Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

  • $ 5795
  • Industry report
  • March 2017
  • by Transparency Market Research

Smart Home as a Service Market (Service - Managed and Integrated; Solution - Security and Access, Lighting and Window, Audio-Visual and Entertainment, Energy Management and Climate, and Integrated) - Global ...

Smart Homes Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

  • $ 5795
  • Industry report
  • April 2017
  • by Transparency Market Research

Global Smart Home Market: Overview Smart homes are the residences that are equipped with information and computing technology devices that anticipates and responds to the requirement of the owner in an ...

Opportunity in Ambient Assisted Living and Smart Home in global market - 2017

  • $ 4500
  • Industry report
  • March 2017
  • by Feedback Business Consulting

This report provides insight into the current market scenario, structure and practices. In depth market scenario includes: - Current market size estimate - Revenues by players - Top 5 Companies - Market ...


ref:plp2016

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.