Table of Content

1 INTRODUCTION 60
1.1 STUDY OBJECTIVES 60
1.2 MARKET DEFINITION 61
1.2.1 INCLUSIONS AND EXCLUSIONS 61
1.3 MARKET SCOPE 61
1.3.1 MARKETS COVERED 62
FIGURE 1 MARKET SEGMENTATION 62
1.3.2 PRODUCTS COVERED UNDER EACH MAJOR CATEGORY 63
1.4 YEARS CONSIDERED 64
1.5 CURRENCY 64
1.6 STAKEHOLDERS 64
1.7 SUMMARY OF CHANGES 65
1.7.1 RECESSION IMPACT 65

2 RESEARCH METHODOLOGY 66
2.1 RESEARCH DATA 66
FIGURE 2 SMART HOME MARKET: RESEARCH DESIGN 67
2.1.1 SECONDARY DATA 68
2.1.1.1 Major secondary sources 68
2.1.1.2 Key data from secondary sources 69
2.1.2 PRIMARY DATA 69
2.1.2.1 Key data from primary sources 69
2.1.2.2 Breakdown of primaries 70
2.1.3 SECONDARY AND PRIMARY RESEARCH 71
2.1.3.1 Key industry insights 71
2.2 MARKET SIZE ESTIMATION 72
FIGURE 3 RESEARCH FLOW FOR MARKET SIZE ESTIMATION 72
2.2.1 BOTTOM-UP APPROACH 72
FIGURE 4 SMART HOME MARKET: BOTTOM-UP APPROACH 73
2.2.2 TOP-DOWN APPROACH 73
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: REVENUE GENERATED FROM SMART HOME PRODUCTS RELATED TO HOME AUTOMATION 73
FIGURE 6 SMART HOME MARKET: TOP-DOWN APPROACH 74
2.2.3 MARKET PROJECTIONS 74
TABLE 1 MARKET GROWTH ASSUMPTIONS 74
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 75
FIGURE 7 DATA TRIANGULATION 75
2.4 RESEARCH ASSUMPTIONS 76
2.5 LIMITATIONS 76
2.6 APPROACH TO ANALYZE IMPACT OF RECESSION 77
2.7 RISK ASSESSMENT 77

3 EXECUTIVE SUMMARY 78
FIGURE 8 ANNUAL AVERAGE GROWTH RATES OF ELECTRICITY DEMAND IN KEY REGIONS, 2018–2020 79
FIGURE 9 TOTAL ENERGY CONSUMPTION BREAKDOWN, BY REGION, 2019–2021 79
FIGURE 10 GLOBAL SHARE OF ENERGY AND EMISSIONS IN BUILDINGS AND CONSTRUCTION, 2021 80
TABLE 2 US: NEW RESIDENTIAL CONSTRUCTION (AS OF JANUARY 2023) 81
TABLE 3 US: CONSTRUCTION SPENDING (AS OF DECEMBER 2022) 81
3.1 SMART HOME MARKET: RECESSION IMPACT 81
FIGURE 11 GDP GROWTH PROJECTIONS FOR MAJOR ECONOMIES, 2021–2023 81
FIGURE 12 RECESSION IMPACT ON SMART HOME MARKET, 2019–2028 (USD BILLION) 82
FIGURE 13 ENTERTAINMENT & OTHER CONTROLS TO DOMINATE MARKET IN 2023 83
FIGURE 14 BEHAVIORAL SEGMENT TO CONTINUE TO DOMINATE MARKET IN 2028 83
FIGURE 15 INDIRECT SALES CHANNEL TO REGISTER HIGHER GROWTH RATE DURING FORECAST PERIOD 84
FIGURE 16 SMART KITCHEN SEGMENT TO REGISTER HIGHEST GROWTH DURING FORECAST PERIOD 85
FIGURE 17 NORTH AMERICA TO ACCOUNT FOR LARGEST SHARE OF SMART HOME MARKET IN 2023 85

4 PREMIUM INSIGHTS 87
4.1 ATTRACTIVE OPPORTUNITIES IN SMART HOME MARKET 87
FIGURE 18 INCREASING NUMBER OF INTERNET USERS AND GROWING ADOPTION OF SMART DEVICES TO DRIVE MARKET 87
4.2 SMART HOME MARKET, BY PRODUCT, 2023 VS. 2028 (USD MILLION) 88
FIGURE 19 SMART KITCHEN SEGMENT TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD 88
4.3 SMART HOME MARKET SHARE FOR SOFTWARE & SERVICES, BY TYPE (2023) 88
FIGURE 20 PROACTIVE SEGMENT TO HOLD LARGER SHARE OF SMART HOME MARKET IN 2023 88
4.4 SMART HOME MARKET SHARE, BY SALES CHANNEL (2023) 89
FIGURE 21 INDIRECT SALES CHANNEL TO HOLD LARGER SHARE OF SMART HOME MARKET IN 2023 89
4.5 NORTH AMERICA: SMART HOME MARKET, BY PRODUCT AND COUNTRY (2023) 89
FIGURE 22 ENTERTAINMENT & OTHER CONTROLS SEGMENT TO ACCOUNT FOR LARGEST SHARE OF NORTH AMERICAN SMART HOME MARKET IN 2023 89
4.6 SMART HOME MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES 90
FIGURE 23 CHINA TO REGISTER HIGHEST GROWTH IN SMART HOME MARKET DURING FORECAST PERIOD 90

5 MARKET OVERVIEW 91
5.1 INTRODUCTION 91
5.2 EVOLUTION 91
FIGURE 24 EVOLUTION OF SMART HOMES 91
5.3 MARKET DYNAMICS 93
FIGURE 25 SMART HOME MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 93
5.3.1 DRIVERS 94
FIGURE 26 DRIVERS FOR SMART HOME MARKET AND THEIR IMPACT 94
5.3.1.1 Increasing number of internet users and growing adoption of smart devices 95
FIGURE 27 INTERNET USERS, BY REGION (MILLION) 95
5.3.1.2 Increasing disposable income of people in developing economies 95
FIGURE 28 GDP PER CAPITA IN INDIA AND CHINA, 2017–2021 (USD THOUSAND) 96
5.3.1.3 Increasing importance of home monitoring in remote locations 96
5.3.1.4 Growing need for energy-saving and low carbon emission-oriented solutions 96
TABLE 4 ENERGY-SAVING POTENTIAL OF LIGHTING CONTROLS 97
5.3.1.5 Expansion of smart home product portfolios by large number of players 97
5.3.1.6 Growing concerns about safety, security, and convenience among general population 98
5.3.2 RESTRAINTS 98
FIGURE 29 RESTRAINTS FOR SMART HOME MARKET AND THEIR IMPACT 98
5.3.2.1 More convenience-driven rather than necessity-driven market 99
5.3.2.2 High cost of switching for existing smart device consumers 99
5.3.2.3 Issues related to security and privacy breaches 99
5.3.3 OPPORTUNITIES 100
FIGURE 30 OPPORTUNITIES FOR SMART HOME MARKET AND THEIR IMPACT 100
5.3.3.1 Favorable government regulations to promote green buildings 100
5.3.3.2 Incorporation of lighting controllers with in-built data-connectivity technology 101
5.3.3.3 Integration of power line communication technology in smart homes 102
5.3.4 CHALLENGES 103
FIGURE 31 CHALLENGES FOR SMART HOME MARKET AND THEIR IMPACT 103
5.3.4.1 Difficulties linking disparate systems, limited functionality, and lack of open standards 103
5.3.4.2 Risk of device malfunctioning 104
5.3.4.3 Compatibility issues between devices of different companies 105
5.4 SUPPLY CHAIN ANALYSIS 105
FIGURE 32 SUPPLY CHAIN ANALYSIS OF SMART HOME MARKET: MANUFACTURING AND DISTRIBUTION PHASES ADD MAXIMUM VALUE 106
5.4.1 PLANNING AND REVISING FUNDS 106
5.4.2 RESEARCH & DEVELOPMENT (R&D) 107
5.4.3 MANUFACTURING 107
5.4.4 ASSEMBLY, DISTRIBUTION, AND AFTER-SALES SERVICES 107
5.5 ECOSYSTEM ANALYSIS 108
FIGURE 33 ECOSYSTEM ANALYSIS OF SMART HOME MARKET 108
TABLE 5 KEY PLAYERS AND THEIR ROLE IN SMART HOME ECOSYSTEM 109
5.5.1 HOME AUTOMATION OEMS 110
5.5.2 SUPPLIERS 110
5.5.3 SMART HOME SYSTEM INTEGRATORS 110
5.5.4 DISTRIBUTORS 110
5.6 TRENDS IMPACTING CUSTOMER BUSINESS 111
FIGURE 34 AI IN HOME APPLIANCES AND ROBOTICS TO IMPACT REVENUE OF SMART HOME PRODUCT MANUFACTURERS DURING FORECAST PERIOD 111
5.7 PORTER’S FIVE FORCES ANALYSIS 111
TABLE 6 SMART HOME MARKET: PORTER’S FIVE FORCES ANALYSIS 111
FIGURE 35 SMART HOME MARKET: PORTER’S FIVE FORCES ANALYSIS 112
5.7.1 INTENSITY OF COMPETITIVE RIVALRY 112
5.7.2 BARGAINING POWER OF SUPPLIERS 112
5.7.3 BARGAINING POWER OF BUYERS 113
5.7.4 THREAT OF SUBSTITUTES 113
5.7.5 THREAT OF NEW ENTRANTS 113
5.8 CASE STUDIES 113
5.8.1 ASSA ABLOY’S REMOTE ACCESS DELEGATION TO BUILDINGS TRANSFORMS WAY EMERGENCY SERVICES OPERATE WORLDWIDE 113
5.8.2 JOHNSON CONTROLS’ COOLING SOLUTION HELPS FISERV TACKLE MAINTENANCE CONSTRAINTS AND ACHIEVE ENERGY SAVINGS 114
5.8.3 HONEYWELL’S SECURITY SOLUTION HELPS GATEWAY BUILDING IMPROVE ITS SECURITY AND VISITOR ACCESS SYSTEM 114
5.8.4 SIEMENS BUILDING TECHNOLOGIES PROVIDES INTEGRATED SOLUTIONS FOR FONDATION LOUIS VUITTON MUSEUM IN PARIS 115
5.8.5 ADT RENDERS ADVANCED ACCESS CONTROL SYSTEMS TO PORT OF CORK 115
5.9 TECHNOLOGY ANALYSIS 116
5.9.1 KEY TECHNOLOGIES 116
5.9.1.1 Integration of IoT and cloud connectivity with smart home devices 116
5.9.1.2 Integration of Artificial Intelligence (AI) with smart home systems 116
5.9.2 COMPLEMENTARY TECHNOLOGIES 117
5.9.2.1 Adoption of adaptive learning technology to enhance capabilities of HVAC control devices 117
5.9.2.2 Integration of IoT with smart wearable devices 118
5.9.3 ADJACENT TECHNOLOGY 119
5.9.3.1 Penetration of 5G in industrial manufacturing 119
5.10 TRADE ANALYSIS 119
5.10.1 IMPORT SCENARIO 119
5.10.1.1 Import scenario for thermostats 119
TABLE 7 IMPORT DATA FOR THERMOSTATS (HS CODE 903210), BY COUNTRY, 2017–2021 (USD MILLION) 120
5.10.1.2 Import scenario for burglar/fire alarms 120
TABLE 8 IMPORT DATA FOR BURGLAR/FIRE ALARMS (HS CODE 853110), BY COUNTRY, 2017–2021 (USD MILLION) 121
5.10.2 EXPORT SCENARIO 121
5.10.2.1 Export scenario for thermostats 121
TABLE 9 EXPORT DATA FOR THERMOSTATS (HS CODE 903210), BY COUNTRY, 2017–2021 (USD MILLION) 122
5.10.2.2 Export scenario for burglar/fire alarms 122
TABLE 10 EXPORT DATA FOR BURGLAR/FIRE ALARMS (HS CODE 853110), BY COUNTRY, 2017–2021 (USD MILLION) 123
5.11 PATENT ANALYSIS 123
TABLE 11 PATENTS IN SMART HOME MARKET, 2019–2022 123
FIGURE 36 PATENTS PUBLISHED FOR SMART HOME MARKET FROM 2013 TO 2022 129
TABLE 12 NUMBER OF PATENTS REGISTERED IN SMART HOME MARKET, 2013–2022 130
FIGURE 37 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS, 2013–2022 130
5.12 TARIFF AND REGULATIONS 131
TABLE 13 MFN TARIFFS FOR THERMOSTATS EXPORTED BY US 131
TABLE 14 MFN TARIFFS FOR THERMOSTATS EXPORTED BY CHINA 132
TABLE 15 MFN TARIFFS FOR BURGLAR/FIRE ALARMS EXPORTED BY US 132
TABLE 16 MFN TARIFFS FOR BURGLAR/FIRE ALARMS EXPORTED BY CHINA 133
5.12.1 POSITIVE IMPACT OF TARIFF ON SMART HOME PRODUCTS 133
5.12.2 NEGATIVE IMPACT OF TARIFF ON SMART HOME PRODUCTS 133
5.12.3 REGULATIONS AND STANDARDS 133
5.12.3.1 Standards 133
5.12.3.2 Regulations 134
5.12.3.3 Regulatory framework for IoT and connected appliances in Europe, US, and Latin America 134
5.13 AVERAGE SELLING PRICE (ASP) OF VARIOUS COMPONENTS OF SMART HOME SYSTEMS 136
TABLE 17 AVERAGE SELLING PRICE OF VARIOUS COMPONENTS OF SMART HOME SYSTEMS 136
FIGURE 38 AVERAGE SELLING PRICE TREND FOR VIDEO SURVEILLANCE CAMERAS 137
FIGURE 39 AVERAGE SELLING PRICE OF SMART KITCHEN AND HOME APPLIANCES 138

6 SMART HOME MARKET FOR SOFTWARE & SERVICES, BY TYPE 139
6.1 INTRODUCTION 140
FIGURE 40 SMART HOME MARKET FOR SOFTWARE & SERVICES, BY TYPE 141
TABLE 18 SMART HOME MARKET FOR SOFTWARE & SERVICES, BY TYPE, 2019–2022 (USD BILLION) 141
FIGURE 41 PROACTIVE SOFTWARE & SERVICES SEGMENT TO REGISTER HIGHER GROWTH DURING FORECAST PERIOD 141
TABLE 19 SMART HOME MARKET FOR SOFTWARE & SERVICES, BY TYPE, 2023–2028 (USD BILLION) 142
6.2 BEHAVIORAL SOFTWARE & SERVICES 142
6.2.1 LEARNS FROM USER BEHAVIOR AND RECOMMENDS NECESSARY ACTION 142
6.3 PROACTIVE SOFTWARE & SERVICES 143
6.3.1 AUTOMATICALLY IMPLEMENTS NECESSARY ACTION BASED ON USER BEHAVIOR 143

7 SMART HOME MARKET, BY PRODUCT 144
7.1 INTRODUCTION 145
FIGURE 42 SMART HOME MARKET, BY PRODUCT 145
TABLE 20 SMART HOME MARKET, BY PRODUCT, 2019–2022 (USD MILLION) 146
FIGURE 43 SMART KITCHEN SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 146
TABLE 21 SMART HOME MARKET, BY PRODUCT, 2023–2028 (USD MILLION) 147
7.2 LIGHTING CONTROLS 148
7.2.1 MARKET DYNAMICS 148
7.2.1.1 Drivers 148
7.2.1.1.1 Growing demand for energy-efficient lighting solutions 148
7.2.1.1.2 Intensifying need for energy conservation and increasing efficiency of lighting products 149
7.2.1.1.3 Increasing smart city lighting initiatives worldwide 149
7.2.1.2 Restraints 149
7.2.1.2.1 Compatibility issues associated with lighting controls 149
7.2.1.2.2 Limited awareness about benefits of lighting controls 149
7.2.1.2.3 High installation cost 149
7.2.1.2.4 Security and privacy issues associated with smart lighting control systems 150
7.2.1.3 Opportunities 150
7.2.1.3.1 Consumer perception undergoing paradigm shift 150
7.2.1.3.2 Expanding mood lighting segment 150
7.2.1.3.3 Increasing demand for daylight sensors 150
7.2.2 PRODUCTS CONSIDERED UNDER LIGHTING CONTROLS 150
FIGURE 44 SMART HOME MARKET FOR LIGHTING CONTROL PRODUCTS 150
TABLE 22 SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION) 151
FIGURE 45 OCCUPANCY SENSORS TO HOLD LARGEST SHARE OF SMART HOME MARKET FOR LIGHTING CONTROLS IN 2023 151
TABLE 23 SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION) 152
TABLE 24 SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2019–2022 (THOUSAND UNITS) 152
TABLE 25 SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2023–2028 (THOUSAND UNITS) 153
TABLE 26 SMART HOME MARKET FOR LIGHTING CONTROLS, BY REGION, 2019–2022 (USD MILLION) 153
TABLE 27 SMART HOME MARKET FOR LIGHTING CONTROLS, BY REGION, 2023–2028 (USD MILLION) 154
TABLE 28 SMART HOME MARKET FOR LIGHTING CONTROLS, BY REGION, 2019–2022 (THOUSAND UNITS) 154
TABLE 29 SMART HOME MARKET FOR LIGHTING CONTROLS, BY REGION, 2023–2028 (THOUSAND UNITS) 154
7.2.2.1 Relays 155
7.2.2.1.1 Work as on/off switches in lighting control systems 155
TABLE 30 SMART HOME MARKET FOR RELAYS, BY REGION, 2019–2022 (USD MILLION) 155
TABLE 31 SMART HOME MARKET FOR RELAYS, BY REGION, 2023–2028 (USD MILLION) 155
TABLE 32 SMART HOME MARKET FOR RELAYS, BY REGION, 2019–2022 (THOUSAND UNITS) 156
TABLE 33 SMART HOME MARKET FOR RELAYS, BY REGION, 2023–2028 (THOUSAND UNITS) 156
7.2.2.2 Occupancy sensors 156
7.2.2.2.1 Detect presence of individuals to switch lights on/off 156
TABLE 34 SMART HOME MARKET FOR OCCUPANCY SENSORS, BY REGION, 2019–2022 (USD MILLION) 157
TABLE 35 SMART HOME MARKET FOR OCCUPANCY SENSORS, BY REGION, 2023–2028 (USD MILLION) 157
TABLE 36 SMART HOME MARKET FOR OCCUPANCY SENSORS, BY REGION, 2019–2022 (THOUSAND UNITS) 157
TABLE 37 SMART HOME MARKET FOR OCCUPANCY SENSORS, BY REGION, 2023–2028 (THOUSAND UNITS) 158
7.2.2.3 Daylight sensors 158
7.2.2.3.1 Function as photosensors to measure intensity of natural light and accordingly adjust amount of artificial light 158
TABLE 38 SMART HOME MARKET FOR DAYLIGHT SENSORS, BY REGION, 2019–2022 (USD MILLION) 159
TABLE 39 SMART HOME MARKET FOR DAYLIGHT SENSORS, BY REGION, 2023–2028 (USD MILLION) 159
TABLE 40 SMART HOME MARKET FOR DAYLIGHT SENSORS, BY REGION, 2019–2022 (THOUSAND UNITS) 159
TABLE 41 SMART HOME MARKET FOR DAYLIGHT SENSORS, BY REGION, 2023–2028 (THOUSAND UNITS) 160
7.2.2.4 Timers 160
7.2.2.4.1 Used to turn lights on/off automatically after pre-specified time 160
TABLE 42 SMART HOME MARKET FOR TIMERS, BY REGION, 2019–2022 (USD MILLION) 160
TABLE 43 SMART HOME MARKET FOR TIMERS, BY REGION, 2023–2028 (USD MILLION) 161
TABLE 44 SMART HOME MARKET FOR TIMERS, BY REGION, 2019–2022 (THOUSAND UNITS) 161
TABLE 45 SMART HOME MARKET FOR TIMERS, BY REGION, 2023–2028 (THOUSAND UNITS) 161
7.2.2.5 Dimmers 161
7.2.2.5.1 Used to adjust brightness in lighting control systems by means of voltage variation 161
TABLE 46 SMART HOME MARKET FOR DIMMERS, BY REGION, 2019–2022 (USD MILLION) 162
TABLE 47 SMART HOME MARKET FOR DIMMERS, BY REGION, 2023–2028 (USD MILLION) 162
TABLE 48 SMART HOME MARKET FOR DIMMERS, BY REGION, 2019–2022 (THOUSAND UNITS) 162
TABLE 49 SMART HOME MARKET FOR DIMMERS, BY REGION, 2023–2028 (THOUSAND UNITS) 163
7.2.2.6 Switches 163
7.2.2.6.1 Switches can be categorized as manual and remote controlled 163
TABLE 50 SMART HOME MARKET FOR SWITCHES, BY REGION, 2019–2022 (USD MILLION) 163
TABLE 51 SMART HOME MARKET FOR SWITCHES, BY REGION, 2023–2028 (USD MILLION) 163
TABLE 52 SMART HOME MARKET FOR SWITCHES, BY REGION, 2019–2022 (THOUSAND UNITS) 164
TABLE 53 SMART HOME MARKET FOR SWITCHES, BY REGION, 2023–2028 (THOUSAND UNITS) 164
7.2.2.7 Accessories & other products 164
TABLE 54 SMART HOME MARKET FOR ACCESSORIES & OTHER PRODUCTS, BY REGION, 2019–2022 (USD MILLION) 165
TABLE 55 SMART HOME MARKET FOR ACCESSORIES & OTHER PRODUCTS, BY REGION, 2023–2028 (USD MILLION) 165
TABLE 56 SMART HOME MARKET FOR ACCESSORIES & OTHER PRODUCTS, BY REGION, 2019–2022 (THOUSAND UNITS) 165
TABLE 57 SMART HOME MARKET FOR ACCESSORIES & OTHER PRODUCTS, BY REGION, 2023–2028 (THOUSAND UNITS) 166
7.3 SECURITY & ACCESS CONTROLS 166
7.3.1 MARKET DYNAMICS 166
7.3.1.1 Drivers 166
7.3.1.1.1 Increasing crime rate leading to adoption of home security systems 166
7.3.1.1.2 Development of mobile interfaces 167
7.3.1.1.3 Development of multi-level/multifactor biometric access controls that enhance authentication processes 167
7.3.1.1.4 Rising adoption of IoT-based security systems 167
7.3.1.2 Restraints 167
7.3.1.2.1 Growing concerns with regard to privacy 167
7.3.1.2.2 High initial setup cost to hinder market growth 167
7.3.1.2.3 Limited adoption of access control as a service 168
7.3.1.3 Opportunities 168
7.3.1.3.1 Significant prospects of biometric technologies in home security applications 168
7.3.2 PRODUCTS COVERED UNDER SECURITY & ACCESS CONTROLS 168
FIGURE 46 SMART HOME MARKET FOR SECURITY & ACCESS CONTROL PRODUCTS 168
TABLE 58 SMART HOME MARKET FOR SECURITY & ACCESS CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION) 169
FIGURE 47 VIDEO SURVEILLANCE SYSTEMS SEGMENT TO HOLD LARGER SHARE OF SECURITY & ACCESS CONTROLS MARKET IN 2028 169
TABLE 59 SMART HOME MARKET FOR SECURITY & ACCESS CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION) 169
TABLE 60 SMART HOME MARKET FOR SECURITY & ACCESS CONTROLS, BY REGION, 2019–2022 (USD MILLION) 170
TABLE 61 SMART HOME MARKET FOR SECURITY & ACCESS CONTROLS, BY REGION, 2023–2028 (USD MILLION) 170
7.3.2.1 Video surveillance systems 171
TABLE 62 SMART HOME MARKET FOR VIDEO SURVEILLANCE SYSTEMS, BY OFFERING, 2019–2022 (USD MILLION) 172
FIGURE 48 SOFTWARE SEGMENT TO REGISTER HIGHEST CAGR IN VIDEO SURVEILLANCE SYSTEMS MARKET DURING FORECAST PERIOD 172
TABLE 63 SMART HOME MARKET FOR VIDEO SURVEILLANCE SYSTEMS, BY OFFERING, 2023–2028 (USD MILLION) 172
TABLE 64 SMART HOME MARKET FOR VIDEO SURVEILLANCE SYSTEMS, BY REGION, 2019–2022 (USD MILLION) 173
TABLE 65 SMART HOME MARKET FOR VIDEO SURVEILLANCE SYSTEMS, BY REGION, 2023–2028 (USD MILLION) 173
7.3.2.1.1 Hardware 173
TABLE 66 SMART HOME MARKET FOR VIDEO SURVEILLANCE SYSTEMS, BY HARDWARE, 2019–2022 (USD MILLION) 174
FIGURE 49 CAMERAS TO HOLD LARGEST SHARE OF SMART HOME MARKET FOR VIDEO SURVEILLANCE HARDWARE IN 2022 174
TABLE 67 SMART HOME MARKET FOR VIDEO SURVEILLANCE SYSTEMS, BY HARDWARE, 2023–2028 (USD MILLION) 174
7.3.2.1.1.1 Cameras 175
7.3.2.1.1.1.1 IP cameras 175
7.3.2.1.1.1.1.1 Can be accessed and controlled over IP networks 175
7.3.2.1.1.1.2 Analog cameras 175
7.3.2.1.1.1.2.1 Require lesser technical maintenance compared to IP cameras 175
TABLE 68 SMART HOME MARKET FOR VIDEO SURVEILLANCE CAMERAS, BY TYPE, 2019–2022 (USD MILLION) 176
TABLE 69 SMART HOME MARKET FOR VIDEO SURVEILLANCE CAMERAS, BY TYPE, 2023–2028 (USD MILLION) 176
TABLE 70 SMART HOME MARKET FOR VIDEO SURVEILLANCE CAMERAS, BY TYPE, 2019–2022 (THOUSAND UNITS) 176
TABLE 71 SMART HOME MARKET FOR VIDEO SURVEILLANCE CAMERAS, BY TYPE, 2023–2028 (THOUSAND UNITS) 176
7.3.2.1.1.2 Storage devices 177
7.3.2.1.1.2.1 Introduction of IP cameras to boost demand for IP-based surveillance storage systems and technologies 177
7.3.2.1.1.3 Monitors 177
7.3.2.1.1.3.1 Project data obtained by cameras as output of video surveillance systems 177
7.3.2.1.1.4 Other accessories 178
7.3.2.1.2 Software 178
7.3.2.1.2.1 Video analytics software 178
7.3.2.1.2.1.1 Automatically monitors cameras and alerts users about unusual or suspicious events 178
7.3.2.1.2.2 Video management software 179
7.3.2.1.2.2.1 Platform for video monitoring, recording, and analysis 179
7.3.2.1.2.3 Neural networks and algorithms 179
7.3.2.1.2.3.1 Used to extract patterns or coded data to identify behavioral trends 179
7.3.2.1.3 Services 179
7.3.2.1.3.1 Ensures effective working of video surveillance systems 179
7.3.2.2 Access control systems 180
TABLE 72 SMART HOME MARKET FOR ACCESS CONTROL SYSTEMS, BY OFFERING, 2019–2022 (USD MILLION) 180
FIGURE 50 HARDWARE SEGMENT TO HOLD LARGEST SHARE OF SMART HOME MARKET FOR ACCESS CONTROL SYSTEMS IN 2023 180
TABLE 73 SMART HOME MARKET FOR ACCESS CONTROL SYSTEMS, BY OFFERING, 2023–2028 (USD MILLION) 181
TABLE 74 SMART HOME MARKET FOR ACCESS CONTROL SYSTEMS, BY REGION, 2019–2022 (USD MILLION) 181
TABLE 75 SMART HOME MARKET FOR ACCESS CONTROL SYSTEMS, BY REGION, 2023–2028 (USD MILLION) 181
7.3.2.2.1 Hardware 182
TABLE 76 SMART HOME MARKET FOR ACCESS CONTROL HARDWARE, BY TYPE, 2019–2022 (USD MILLION) 182
FIGURE 51 CARD-BASED READERS SEGMENT TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD 182
TABLE 77 SMART HOME MARKET FOR ACCESS CONTROL HARDWARE, BY TYPE, 2023–2028 (USD MILLION) 183
7.3.2.2.1.1 Card-based readers 183
7.3.2.2.1.1.1 Used to authenticate user identity 183
7.3.2.2.1.2 Multi-technology readers 183
7.3.2.2.1.2.1 Employ combination of card and biometrics 183
7.3.2.2.1.3 Electronic locks 183
7.3.2.2.1.3.1 Cannot be tampered with and provide better security than mechanical locks 183
7.3.2.2.1.4 Controllers 184
7.3.2.2.1.4.1 Control panels transmit data between readers and software through various types of communication interfaces 184
7.3.2.2.1.5 Biometric readers 184
TABLE 78 SMART HOME MARKET FOR BIOMETRIC READERS, BY TYPE, 2019–2022 (USD MILLION) 185
TABLE 79 SMART HOME MARKET FOR BIOMETRIC READERS, BY TYPE, 2023–2028 (USD MILLION) 185
TABLE 80 SMART HOME MARKET FOR BIOMETRIC READERS, BY TYPE, 2019–2022 (THOUSAND UNITS) 185
TABLE 81 SMART HOME MARKET FOR BIOMETRIC READERS, BY TYPE, 2023–2028 (THOUSAND UNITS) 186
7.3.2.2.1.6 Facial recognition 186
7.3.2.2.1.6.1 Uses numeric codes called face prints 186
7.3.2.2.1.7 Iris recognition 186
7.3.2.2.1.7.1 More detail-oriented and provides high level of security 186
7.3.2.2.1.8 Fingerprint recognition 187
7.3.2.2.1.8.1 Used in police investigations, defense-related purposes, and immigration applications 187
7.3.2.2.1.9 Palm recognition 187
7.3.2.2.1.9.1 Many unique advantages, including high recognition rate, low cost of acquisition equipment, and good user acceptance 187
7.3.2.2.1.10 Voice recognition 187
7.3.2.2.1.10.1 Enables hands-free control of devices 187
7.3.2.2.1.11 Others 188
7.3.2.3 Software 188
7.3.2.3.1 Often integrated with other security management platforms, such as video surveillance, intrusion, and visitor management systems 188
7.3.2.4 Services 188
7.3.2.4.1 Majorly include installation, support, and maintenance services 188
7.4 HVAC CONTROLS 188
7.4.1 MARKET DYNAMICS 189
7.4.1.1 Drivers 189
7.4.1.1.1 Flexibility and ease of accessing HVAC systems 189
7.4.1.1.2 Reduction in long-term energy costs through enhanced hardware, integrated control systems, and management services 189
7.4.1.1.3 Boom in construction sector 189
7.4.1.1.4 Emergence of IoT-enabled HVAC systems 189
7.4.1.2 Restraints 190
7.4.1.2.1 Lack of interoperability and standardization 190
7.4.1.2.2 Lack of awareness about benefits of HVAC control systems 190
7.4.1.2.3 High cost and technical complexities associated with installation of HVAC control systems 190
7.4.1.3 Opportunities 191
7.4.1.3.1 Innovations in sensors and controls 191
7.4.1.3.2 Growing demand for cloud computing in HVAC systems 191
7.4.1.3.3 Integration of smart devices with HVAC systems 191
7.4.2 PRODUCTS COVERED UNDER HVAC CONTROLS 192
FIGURE 52 SMART HOME MARKET FOR HVAC CONTROL PRODUCTS 192
TABLE 82 SMART HOME MARKET FOR HVAC CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION) 192
FIGURE 53 DAMPERS SEGMENT TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD 193
TABLE 83 SMART HOME MARKET FOR HVAC CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION) 193
TABLE 84 SMART HOME MARKET FOR HVAC CONTROLS, BY REGION, 2019–2022 (USD MILLION) 194
TABLE 85 SMART HOME MARKET FOR HVAC CONTROLS, BY REGION, 2023–2028 (USD MILLION) 194
7.4.2.1 Smart thermostats 195
7.4.2.1.1 Maintain temperature at required levels 195
TABLE 86 SMART HOME MARKET FOR SMART THERMOSTATS, BY REGION, 2019–2022 (USD MILLION) 195
TABLE 87 SMART HOME MARKET FOR SMART THERMOSTATS, BY REGION, 2023–2028 (USD MILLION) 196
TABLE 88 SMART HOME MARKET FOR SMART THERMOSTATS, BY REGION, 2019–2022 (THOUSAND UNITS) 196
TABLE 89 SMART HOME MARKET FOR SMART THERMOSTATS, BY REGION, 2023–2028 (THOUSAND UNITS) 196
7.4.2.2 Sensors 197
7.4.2.2.1 Perform logical functions such as making decisions and communicating with other systems 197
TABLE 90 SMART HOME MARKET FOR SENSORS, BY REGION, 2019–2022 (USD MILLION) 197
TABLE 91 SMART HOME MARKET FOR SENSORS, BY REGION, 2023–2028 (USD MILLION) 197
7.4.2.3 Control valves 198
7.4.2.3.1 Regulate flow of fluids in various processes 198
TABLE 92 SMART HOME MARKET FOR CONTROL VALVES, BY REGION, 2019–2022 (USD MILLION) 198
TABLE 93 SMART HOME MARKET FOR CONTROL VALVES, BY REGION, 2023–2028 (USD MILLION) 198
7.4.2.4 Heating & cooling coils 198
7.4.2.4.1 HVAC systems use coils to maintain temperature 198
TABLE 94 SMART HOME MARKET FOR HEATING & COOLING COILS, BY REGION, 2019–2022 (USD MILLION) 199
TABLE 95 SMART HOME MARKET FOR HEATING & COOLING COILS, BY REGION, 2023–2028 (USD MILLION) 199
7.4.2.5 Dampers 199
7.4.2.5.1 Regulate flow of hot/cold air in rooms 199
TABLE 96 SMART HOME MARKET FOR DAMPERS, BY REGION, 2019–2022 (USD MILLION) 200
TABLE 97 SMART HOME MARKET FOR DAMPERS, BY REGION, 2023–2028 (USD MILLION) 200
7.4.2.6 Actuators 200
7.4.2.6.1 Control dampers and valves in HVAC systems 200
TABLE 98 SMART HOME MARKET FOR ACTUATORS, BY REGION, 2019–2022 (USD MILLION) 200
TABLE 99 SMART HOME MARKET FOR ACTUATORS, BY REGION, 2023–2028 (USD MILLION) 201
7.4.2.7 Pumps & fans 201
7.4.2.7.1 Essential components of HVAC control systems 201
TABLE 100 SMART HOME MARKET FOR PUMPS & FANS, BY REGION, 2019–2022 (USD MILLION) 201
TABLE 101 SMART HOME MARKET FOR PUMPS & FANS, BY REGION, 2023–2028 (USD MILLION) 202
7.4.2.8 Smart vents 202
7.4.2.8.1 Can be programmed to open and close according to temperature conditions 202
TABLE 102 SMART HOME MARKET FOR SMART VENTS, BY REGION, 2019–2022 (USD MILLION) 202
TABLE 103 SMART HOME MARKET FOR SMART VENTS, BY REGION, 2023–2028 (USD MILLION) 203
7.5 ENTERTAINMENT & OTHER CONTROLS 203
TABLE 104 SMART HOME MARKET FOR ENTERTAINMENT & OTHER CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION) 203
FIGURE 54 MARKET FOR ENTERTAINMENT CONTROLS TO GROW AT HIGHER CAGR DURING FORECAST PERIOD 204
TABLE 105 SMART HOME MARKET FOR ENTERTAINMENT & OTHER CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION) 204
TABLE 106 SMART HOME MARKET FOR ENTERTAINMENT & OTHER CONTROLS, BY REGION, 2019–2022 (USD MILLION) 204
TABLE 107 SMART HOME MARKET FOR ENTERTAINMENT & OTHER CONTROLS, BY REGION, 2023–2028 (USD MILLION) 205
7.5.1 MARKET DYNAMICS 205
7.5.1.1 Drivers 205
7.5.1.1.1 Changing lifestyle of consumers 205
7.5.1.1.2 Enhanced level of comfort offered 205
7.5.1.1.3 Growing consumer inclination toward entertainment products 205
7.5.1.2 Restraints 206
7.5.1.2.1 High cost of entertainment control systems 206
7.5.1.2.2 Consumer apprehensions due to adverse effects on health from audio equipment and wireless entertainment devices 206
7.5.1.3 Opportunities 206
7.5.1.3.1 Development of 3D gesture-based remote entertainment controls 206
7.5.1.3.2 Integration of AI with entertainment devices 206
7.5.2 PRODUCTS COVERED UNDER ENTERTAINMENT CONTROL 207
FIGURE 55 SMART HOME MARKET FOR ENTERTAINMENT CONTROLS, BY PRODUCT 207
TABLE 108 SMART HOME MARKET FOR ENTERTAINMENT CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION) 207
FIGURE 56 AUDIO & VOLUME CONTROLS SEGMENT TO COMMAND LARGEST MARKET SHARE IN 2028 207
TABLE 109 SMART HOME MARKET FOR ENTERTAINMENT CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION) 208
TABLE 110 SMART HOME MARKET FOR ENTERTAINMENT CONTROLS, BY REGION, 2019–2022 (USD MILLION) 208
TABLE 111 SMART HOME MARKET FOR ENTERTAINMENT CONTROLS, BY REGION, 2023–2028 (USD MILLION) 208
7.5.2.1 Audio & volume controls 209
7.5.2.1.1 Enable playback and music control in homes 209
TABLE 112 SMART HOME MARKET FOR AUDIO & VOLUME CONTROLS, BY REGION, 2019–2022 (USD MILLION) 209
TABLE 113 SMART HOME MARKET FOR AUDIO & VOLUME CONTROLS, BY REGION, 2023–2028 (USD MILLION) 210
7.5.2.2 Home theater system controls 210
7.5.2.2.1 Designed to provide ultimate movie-viewing experience 210
TABLE 114 SMART HOME MARKET FOR HOME THEATER SYSTEM CONTROLS, BY REGION, 2019–202



7.7.2 PRODUCTS COVERED UNDER HOME HEALTHCARE 227
FIGURE 62 SMART HOME MARKET FOR HOME HEALTHCARE PRODUCTS 227
TABLE 137 SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2019–2022 (USD MILLION) 228
FIGURE 63 PHYSICAL ACTIVITY MONITORS SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD 228
TABLE 138 SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2023–2028 (USD MILLION) 228
TABLE 139 SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2019–2022 (THOUSAND UNITS) 229
TABLE 140 SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2023–2028 (THOUSAND UNITS) 229
TABLE 141 SMART HOME MARKET FOR HOME HEALTHCARE, BY REGION, 2019–2022 (USD MILLION) 229
TABLE 142 SMART HOME MARKET FOR HOME HEALTHCARE, BY REGION, 2023–2028 (USD MILLION) 229
TABLE 143 SMART HOME MARKET FOR HOME HEALTHCARE, BY REGION, 2019–2022 (THOUSAND UNITS) 230
TABLE 144 SMART HOME MARKET FOR HOME HEALTHCARE, BY REGION, 2023–2028 (THOUSAND UNITS) 230
7.7.2.1 Health status monitors 230
7.7.2.1.1 Fitness and heart rate monitors 231
7.7.2.1.1.1 Growing health consciousness among people driving adoption of fitness and heart rate monitors 231
7.7.2.1.2 Blood pressure monitors 231
7.7.2.1.2.1 Growing emphasis on treatment and control of diseases contributing to demand for blood pressure monitors 231
7.7.2.1.3 Blood glucose meters 231
7.7.2.1.3.1 Increasing diabetic population to boost adoption of blood glucose meters 231
7.7.2.1.4 Continuous glucose monitors 232
7.7.2.1.4.1 Offer better results than conventional glucose monitoring systems 232
7.7.2.1.5 Pulse oximeters 232
7.7.2.1.5.1 Used to monitor oxygen level present in user’s blood 232
7.7.2.2 Fall detectors 232
7.7.2.2.1 Detects and notifies monitoring personnel if users collapse 232
TABLE 145 SMART HOME MARKET FOR HEALTH STATUS MONITORS, BY REGION, 2019–2022 (USD MILLION) 232
TABLE 146 SMART HOME MARKET FOR HEALTH STATUS MONITORS, BY REGION, 2023–2028 (USD MILLION) 233
TABLE 147 SMART HOME MARKET FOR HEALTH STATUS MONITORS, BY REGION, 2019–2022 (THOUSAND UNITS) 233
TABLE 148 SMART HOME MARKET FOR HEALTH STATUS MONITORS, BY REGION, 2023–2028 (THOUSAND UNITS) 233
7.7.2.3 Physical activity monitors 234
7.7.2.3.1 Smart wearable devices used to track physical activity levels of users 234
TABLE 149 SMART HOME MARKET FOR PHYSICAL ACTIVITY MONITORS, BY REGION, 2019–2022 (USD MILLION) 234
TABLE 150 SMART HOME MARKET FOR PHYSICAL ACTIVITY MONITORS, BY REGION, 2023–2028 (USD MILLION) 234
TABLE 151 SMART HOME MARKET FOR PHYSICAL ACTIVITY MONITORS, BY REGION, 2019–2022 (THOUSAND UNITS) 235
TABLE 152 SMART HOME MARKET FOR PHYSICAL ACTIVITY MONITORS, BY REGION, 2023–2028 (THOUSAND UNITS) 235
7.8 SMART KITCHEN 235
7.8.1 MARKET DYNAMICS 235
7.8.1.1 Drivers 235
7.8.1.1.1 Changing lifestyles and preferences of consumers 235
7.8.1.1.2 Rising importance of energy conservation 236
7.8.1.2 Restraints 236
7.8.1.2.1 High cost of smart kitchen appliances 236
7.8.1.3 Opportunities 236
7.8.1.3.1 Rising adoption of smart appliances in developing countries 236
7.8.1.3.2 Incorporation of IoT in kitchen appliances 236
7.8.2 PRODUCTS COVERED UNDER SMART KITCHEN 237
FIGURE 64 SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT 237
TABLE 153 SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2019–2022 (USD MILLION) 237
FIGURE 65 SMART DISHWASHERS SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 238
TABLE 154 SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2023–2028 (USD MILLION) 238
TABLE 155 SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2019–2022 (THOUSAND UNITS) 239
TABLE 156 SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2023–2028 (THOUSAND UNITS) 239
TABLE 157 SMART HOME MARKET FOR SMART KITCHEN, BY REGION, 2019–2022 (USD MILLION) 240
TABLE 158 SMART HOME MARKET FOR SMART KITCHEN, BY REGION, 2023–2028 (USD MILLION) 240
TABLE 159 SMART HOME MARKET FOR SMART KITCHEN, BY REGION, 2019–2022 (THOUSAND UNITS) 240
TABLE 160 SMART HOME MARKET FOR SMART KITCHEN, BY REGION, 2023–2028 (THOUSAND UNITS) 240
7.8.2.1 Smart refrigerators 241
7.8.2.1.1 Keep track of how often doors have been opened 241
TABLE 161 SMART HOME MARKET FOR SMART REFRIGERATORS, BY REGION, 2019–2022 (USD MILLION) 241
TABLE 162 SMART HOME MARKET FOR SMART REFRIGERATORS, BY REGION, 2023–2028 (USD MILLION) 241
TABLE 163 SMART HOME MARKET FOR SMART REFRIGERATORS, BY REGION, 2019–2022 (THOUSAND UNITS) 242
TABLE 164 SMART HOME MARKET FOR SMART REFRIGERATORS, BY REGION, 2023–2028 (THOUSAND UNITS) 242
7.8.2.2 Smart coffee makers 242
7.8.2.2.1 Wi-Fi- or Bluetooth-enabled devices that are fully automatic 242
TABLE 165 SMART HOME MARKET FOR SMART COFFEE MAKERS, BY REGION, 2019–2022 (USD MILLION) 243
TABLE 166 SMART HOME MARKET FOR SMART COFFEE MAKERS, BY REGION, 2023–2028 (USD MILLION) 243
TABLE 167 SMART HOME MARKET FOR SMART COFFEE MAKERS, BY REGION, 2019–2022 (THOUSAND UNITS) 243
TABLE 168 SMART HOME MARKET FOR SMART COFFEE MARKERS, BY REGION, 2023–2028 (THOUSAND UNITS) 244
7.8.2.3 Smart kettles 244
7.8.2.3.1 Maintain temperature of water depending on user’s choice 244
TABLE 169 SMART HOME MARKET FOR SMART KETTLES, BY REGION, 2019–2022 (USD MILLION) 244
TABLE 170 SMART HOME MARKET FOR SMART KETTLES, BY REGION, 2023–2028 (USD MILLION) 244
TABLE 171 SMART HOME MARKET FOR SMART KETTLES, BY REGION, 2019–2022 (THOUSAND UNITS) 245
TABLE 172 SMART HOME MARKET FOR SMART KETTLES, BY REGION, 2023–2028 (THOUSAND UNITS) 245
7.8.2.4 Smart dishwashers 245
7.8.2.4.1 Innovative features in smart dishwashers reduce human intervention 245
TABLE 173 SMART HOME MARKET FOR SMART DISHWASHERS, BY REGION, 2019–2022 (USD MILLION) 246
TABLE 174 SMART HOME MARKET FOR SMART DISHWASHERS, BY REGION, 2023–2028 (USD MILLION) 246
TABLE 175 SMART HOME MARKET FOR SMART DISHWASHERS, BY REGION, 2019–2022 (THOUSAND UNITS) 246
TABLE 176 SMART HOME MARKET FOR SMART DISHWASHERS, BY REGION, 2023–2028 (THOUSAND UNITS) 247
7.8.2.5 Smart ovens 247
7.8.2.5.1 Help users reduce time required for cooking 247
TABLE 177 SMART HOME MARKET FOR SMART OVENS, BY REGION, 2019–2022 (USD MILLION) 247
TABLE 178 SMART HOME MARKET FOR SMART OVENS, BY REGION, 2023–2028 (USD MILLION) 247
TABLE 179 SMART HOME MARKET FOR SMART OVENS, BY REGION, 2019–2022 (THOUSAND UNITS) 248
TABLE 180 SMART HOME MARKET FOR SMART OVENS, BY REGION, 2023–2028 (THOUSAND UNITS) 248
7.8.2.6 Smart cooktops 248
7.8.2.6.1 Ensure accurate heat circulation 248
TABLE 181 SMART HOME MARKET FOR SMART COOKTOPS, BY REGION, 2019–2022 (USD MILLION) 248
TABLE 182 SMART HOME MARKET FOR SMART COOKTOPS, BY REGION, 2023–2028 (USD MILLION) 249
TABLE 183 SMART HOME MARKET FOR SMART COOKTOPS, BY REGION, 2019–2022 (THOUSAND UNITS) 249
TABLE 184 SMART HOME MARKET FOR SMART COOKTOPS, BY REGION, 2023–2028 (THOUSAND UNITS) 249
7.8.2.7 Smart cookers 250
7.8.2.7.1 Can be accessed and controlled through apps on smartphones or tablets 250
TABLE 185 SMART HOME MARKET FOR SMART COOKERS, BY REGION, 2019–2022 (USD MILLION) 250
TABLE 186 SMART HOME MARKET FOR SMART COOKERS, BY REGION, 2023–2028 (USD MILLION) 250
TABLE 187 SMART HOME MARKET FOR SMART COOKERS, BY REGION, 2019–2022 (THOUSAND UNITS) 250
TABLE 188 SMART HOME MARKET FOR SMART COOKERS, BY REGION, 2023–2028 (THOUSAND UNITS) 251
7.9 HOME APPLIANCES 251
7.9.1 MARKET DYNAMICS 251
7.9.1.1 Drivers 251
7.9.1.1.1 Availability of wireless solutions 251
7.9.1.1.2 Rising energy prices to increase adoption of smart appliances 251
7.9.1.1.3 Increasing penetration of internet and smartphones worldwide 252
7.9.1.2 Restraints 252
7.9.1.2.1 Privacy concerns among end users 252
FIGURE 66 US: NUMBER OF DATA COMPROMISES, 2015–2021 252
7.9.1.2.2 Lack of awareness about smart appliances 253
7.9.1.3 Opportunities 253
7.9.1.3.1 Machine-to-machine (M2M) communication to provide new growth avenues 253
7.9.1.3.2 Integration of new technologies, such as AI, with smart appliances 253
7.9.2 PRODUCTS COVERED UNDER HOME APPLIANCES 254
FIGURE 67 SMART HOME MARKET FOR HOME APPLIANCE PRODUCTS 254
TABLE 189 SMART HOME MARKET FOR HOME APPLIANCES, BY PRODUCT, 2019–2022 (USD MILLION) 254
FIGURE 68 SMART WASHERS SEGMENT TO HOLD LARGEST MARKET SHARE IN 2023 254
TABLE 190 SMART HOME MARKET FOR HOME APPLIANCES, BY PRODUCT, 2023–2028 (USD MILLION) 255
TABLE 191 SMART HOME MARKET FOR HOME APPLIANCES, BY PRODUCT, 2019–2022 (THOUSAND UNITS) 255
TABLE 192 SMART HOME MARKET FOR HOME APPLIANCES, BY PRODUCT, 2023–2028 (THOUSAND UNITS) 255
TABLE 193 SMART HOME MARKET FOR HOME APPLIANCES, BY REGION, 2019–2022 (USD MILLION) 256
TABLE 194 SMART HOME MARKET FOR HOME APPLIANCES, BY REGION, 2023–2028 (USD MILLION) 256
TABLE 195 SMART HOME MARKET FOR HOME APPLIANCES, BY REGION, 2019–2022 (THOUSAND UNITS) 256
TABLE 196 SMART HOME MARKET FOR HOME APPLIANCES, BY REGION, 2023–2028 (THOUSAND UNITS) 256
7.9.2.1 Smart washers 257
7.9.2.1.1 Innovative features in smart washers reduce human intervention 257
TABLE 197 SMART HOME MARKET FOR SMART WASHERS, BY REGION, 2019–2022 (USD MILLION) 257
TABLE 198 SMART HOME MARKET FOR SMART WASHERS, BY REGION, 2023–2028 (USD MILLION) 257
TABLE 199 SMART HOME MARKET FOR SMART WASHERS, BY REGION, 2019–2022 (THOUSAND UNITS) 258
TABLE 200 SMART HOME MARKET FOR SMART WASHERS, BY REGION, 2023–2028 (THOUSAND UNITS) 258
7.9.2.2 Smart dryers 258
7.9.2.2.1 Help to increase energy efficiency and reduce human intervention 258
TABLE 201 SMART HOME MARKET FOR SMART DRYERS, BY REGION, 2019–2022 (USD MILLION) 259
TABLE 202 SMART HOME MARKET FOR SMART DRYERS, BY REGION, 2023–2028 (USD MILLION) 259
TABLE 203 SMART HOME MARKET FOR SMART DRYERS, BY REGION, 2019–2022 (THOUSAND UNITS) 259
TABLE 204 SMART HOME MARKET FOR SMART DRYERS, BY REGION, 2023–2028 (THOUSAND UNITS) 260
7.9.2.3 Smart water heaters 260
7.9.2.3.1 Can turn off automatically when hot water demands are low 260
TABLE 205 SMART HOME MARKET FOR SMART WATER HEATERS, BY REGION, 2019–2022 (USD MILLION) 260
TABLE 206 SMART HOME MARKET FOR SMART WATER HEATERS, BY REGION, 2023–2028 (USD MILLION) 261
TABLE 207 SMART HOME MARKET FOR SMART WATER HEATERS, BY REGION, 2019–2022 (THOUSAND UNITS) 261
TABLE 208 SMART HOME MARKET FOR SMART WATER HEATERS, BY REGION, 2023–2028 (THOUSAND UNITS) 261
7.9.2.4 Smart vacuum cleaners 262
7.9.2.4.1 Integration with robotic technology to fuel demand for smart vacuum cleaners 262
TABLE 209 SMART HOME MARKET FOR SMART VACUUM CLEANERS, BY REGION, 2019–2022 (USD MILLION) 262
TABLE 210 SMART HOME MARKET FOR SMART VACUUM CLEANERS, BY REGION, 2023–2028 (USD MILLION) 262
TABLE 211 SMART HOME MARKET FOR SMART VACUUM CLEANERS, BY REGION, 2019–2022 (THOUSAND UNITS) 263
TABLE 212 SMART HOME MARKET FOR SMART VACUUM CLEANERS, BY REGION, 2023–2028 (THOUSAND UNITS) 263
7.10 SMART FURNITURE 263
7.10.1 MARKET DYNAMICS 264
7.10.1.1 Drivers 264
7.10.1.1.1 Changing consumer lifestyles 264
7.10.1.1.2 Growing trend toward adoption of space-saving furniture 264
7.10.1.2 Restraints 264
7.10.1.2.1 Reluctance toward adopting new technologies 264
7.10.1.2.2 High price of smart furniture 264
7.10.1.3 Opportunities 264
7.10.1.3.1 Incorporation of robotics into smart furniture 264
7.10.2 PRODUCTS COVERED UNDER SMART FURNITURE 265
FIGURE 69 SMART HOME MARKET FOR SMART FURNITURE PRODUCTS 265
TABLE 213 SMART HOME MARKET FOR SMART FURNITURE, BY PRODUCT, 2019–2022 (USD MILLION) 265
FIGURE 70 SMART SOFAS SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 266
TABLE 214 SMART HOME MARKET FOR SMART FURNITURE, BY PRODUCT, 2023–2028 (USD MILLION) 266
TABLE 215 SMART HOME MARKET FOR SMART FURNITURE, BY REGION, 2019–2022 (USD MILLION) 267
TABLE 216 SMART HOME MARKET FOR SMART FURNITURE, BY REGION, 2023–2028 (USD MILLION) 267
7.10.2.1 Smart tables 267
7.10.2.1.1 Feature integrated induction-based drink warmer to maintain temperature of beverage 267
TABLE 217 SMART HOME MARKET FOR SMART TABLES, BY REGION, 2019–2022 (USD MILLION) 268
TABLE 218 SMART HOME MARKET FOR SMART TABLES, BY REGION, 2023–2028 (USD MILLION) 268
7.10.2.2 Smart desks 268
7.10.2.2.1 Provides multiple health benefits to users 268
TABLE 219 SMART HOME MARKET FOR SMART DESKS, BY REGION, 2019–2022 (USD MILLION) 269
TABLE 220 SMART HOME MARKET FOR SMART DESKS, BY REGION, 2023–2028 (USD MILLION) 269
7.10.2.3 Smart stools & benches 269
7.10.2.3.1 Help in reducing energy costs 269
TABLE 221 SMART HOME MARKET FOR SMART STOOLS & BENCHES, BY REGION, 2019–2022 (USD MILLION) 269
TABLE 222 SMART HOME MARKET FOR SMART STOOLS & BENCHES, BY REGION, 2023–2028 (USD MILLION) 270
7.10.2.4 Smart sofas 270
7.10.2.4.1 Equipped with sensors to help adjust shape as per user’s requirement 270
TABLE 223 SMART HOME MARKET FOR SMART SOFAS, BY REGION, 2019–2022 (USD MILLION) 270
TABLE 224 SMART HOME MARKET FOR SMART SOFAS, BY REGION, 2023–2028 (USD MILLION) 270
7.10.2.5 Smart chairs 271
7.10.2.5.1 Help in promoting healthy sitting posture 271
TABLE 225 SMART HOME MARKET FOR SMART CHAIRS, BY REGION, 2019–2022 (USD MILLION) 271
TABLE 226 SMART HOME MARKET FOR SMART CHAIRS, BY REGION, 2023–2028 (USD MILLION) 271

8 SMART HOME MARKET, BY SALES CHANNEL 272
8.1 INTRODUCTION 273
FIGURE 71 SMART HOME MARKET SEGMENTATION, BY SALES CHANNEL 273
TABLE 227 SMART HOME MARKET, BY SALES CHANNEL, 2019–2022 (USD BILLION) 273
FIGURE 72 INDIRECT SALES CHANNEL TO HOLD LARGER MARKET SHARE IN 2028 273
TABLE 228 SMART HOME MARKET, BY SALES CHANNEL, 2023–2028 (USD BILLION) 274
8.2 DIRECT SALES CHANNEL 274
8.2.1 PLAYERS WITH LIMITED SALES CHANNELS AND DISTRIBUTION NETWORKS TO OPT FOR DIRECT SALES 274
TABLE 229 SMART HOME MARKET FOR DIRECT SALES, BY REGION, 2019–2022 (USD BILLION) 274
TABLE 230 SMART HOME MARKET FOR DIRECT SALES, BY REGION, 2023–2028 (USD BILLION) 275
8.3 INDIRECT SALES CHANNEL 275
8.3.1 INCREASED CONVENIENCE TO ENHANCE CUSTOMER EXPERIENCE 275
TABLE 231 SMART HOME MARKET FOR INDIRECT SALES, BY REGION, 2019–2022 (USD BILLION) 276
TABLE 232 SMART HOME MARKET FOR INDIRECT SALES, BY REGION, 2023–2028 (USD BILLION) 276

9 SMART HOME MARKET, BY REGION 277
9.1 INTRODUCTION 278
FIGURE 73 CHINA TO WITNESS HIGHEST GROWTH IN SMART HOME MARKET DURING FORECAST PERIOD 278
TABLE 233 SMART HOME MARKET, BY REGION, 2019–2022 (USD BILLION) 278
FIGURE 74 ASIA PACIFIC FASTEST-GROWING REGION IN SMART HOME MARKET FROM 2023 TO 2028 279
TABLE 234 SMART HOME MARKET, BY REGION, 2023–2028 (USD BILLION) 279
9.2 NORTH AMERICA 280
9.2.1 REGULATORY FRAMEWORKS 280
9.2.1.1 Associations 280
9.2.1.2 Regulations and acts 280
FIGURE 75 NORTH AMERICA: SMART HOME MARKET SNAPSHOT 281
TABLE 235 NORTH AMERICA: SMART HOME MARKET, BY COUNTRY, 2019–2022 (USD BILLION) 281
TABLE 236 NORTH AMERICA: SMART HOME MARKET, BY COUNTRY, 2023–2028 (USD BILLION) 282
TABLE 237 NORTH AMERICA: SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION) 282
TABLE 238 NORTH AMERICA: SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION) 283
TABLE 239 NORTH AMERICA: SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2019–2022 (THOUSAND UNITS) 283
TABLE 240 NORTH AMERICA: SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2023–2028 (THOUSAND UNITS) 284
TABLE 241 NORTH AMERICA: SMART HOME MARKET FOR SECURITY & ACCESS CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION) 284
TABLE 242 NORTH AMERICA: SMART HOME MARKET FOR SECURITY & ACCESS CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION) 285
TABLE 243 NORTH AMERICA: SMART HOME MARKET FOR HVAC CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION) 285
TABLE 244 NORTH AMERICA: SMART HOME MARKET FOR HVAC CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION) 286
TABLE 245 NORTH AMERICA: SMART HOME MARKET FOR ENTERTAINMENT & OTHER CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION) 286
TABLE 246 NORTH AMERICA: SMART HOME MARKET FOR ENTERTAINMENT & OTHER CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION) 286
TABLE 247 NORTH AMERICA: SMART HOME MARKET FOR ENTERTAINMENT CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION) 287
TABLE 248 NORTH AMERICA: SMART HOME MARKET FOR ENTERTAINMENT CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION) 287
TABLE 249 NORTH AMERICA: SMART HOME MARKET FOR OTHER CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION) 288
TABLE 250 NORTH AMERICA: SMART HOME MARKET FOR OTHER CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION) 288
TABLE 251 NORTH AMERICA: SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2019–2022 (USD MILLION) 288
TABLE 252 NORTH AMERICA: SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2023–2028 (USD MILLION) 289
TABLE 253 NORTH AMERICA: SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2019–2022 (THOUSAND UNITS) 289
TABLE 254 NORTH AMERICA: SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2023–2028 (THOUSAND UNITS) 289
TABLE 255 NORTH AMERICA: SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2019–2022 (USD MILLION) 290
TABLE 256 NORTH AMERICA: SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2023–2028 (USD MILLION) 290
TABLE 257 NORTH AMERICA: SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2019–2022 (THOUSAND UNITS) 291
TABLE 258 NORTH AMERICA: SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2023–2028 (THOUSAND UNITS) 291
TABLE 259 NORTH AMERICA: SMART HOME MARKET FOR HOME APPLIANCES, BY PRODUCT, 2019–2022 (USD MILLION) 291
TABLE 260 NORTH AMERICA: SMART HOME MARKET FOR HOME APPLIANCES, BY PRODUCT, 2023–2028 (USD MILLION) 292
TABLE 261 NORTH AMERICA: SMART HOME MARKET FOR HOME APPLIANCES, BY PRODUCT, 2019–2022 (THOUSAND UNITS) 292
TABLE 262 NORTH AMERICA: SMART HOME MARKET FOR HOME APPLIANCES, BY PRODUCT, 2023–2028 (THOUSAND UNITS) 292
TABLE 263 NORTH AMERICA: SMART HOME MARKET FOR SMART FURNITURE, BY PRODUCT, 2019–2022 (USD MILLION) 293
TABLE 264 NORTH AMERICA: SMART HOME MARKET FOR SMART FURNITURE, BY PRODUCT, 2023–2028 (USD MILLION) 293
9.2.2 US 293
9.2.2.1 Presence of various key players to support market growth 293
9.2.3 CANADA 294
9.2.3.1 Growing economy to result in increased focus on transitioning toward smart homes 294
9.2.4 MEXICO 294
9.2.4.1 Growing economy and increasing use of consumer electronics to favor market growth 294
9.2.5 RANKING OF SMART CONTROL ECOSYSTEMS IN NORTH AMERICA 295
TABLE 265 RANKING IN NORTH AMERICA 295
TABLE 266 IMPACTFUL SMART CONTROLS/HUBS/PLATFORMS IN NORTH AMERICA 295
9.3 EUROPE 296
9.3.1 REGULATORY FRAMEWORKS 296
FIGURE 76 EUROPE: SMART HOME MARKET SNAPSHOT 297
TABLE 267 EUROPE: SMART HOME MARKET, BY COUNTRY, 2019–2022 (USD BILLION) 297
TABLE 268 EUROPE: SMART HOME MARKET, BY COUNTRY, 2023–2028 (USD BILLION) 298
TABLE 269 EUROPE: SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION) 298
TABLE 270 EUROPE: SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION) 299
TABLE 271 EUROPE: SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2019–2022 (THOUSAND UNITS) 299
TABLE 272 EUROPE: SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2023–2028 (THOUSAND UNITS) 300
TABLE 273 EUROPE: SMART HOME MARKET FOR SECURITY & ACCESS CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION) 300
TABLE 274 EUROPE: SMART HOME MARKET FOR SECURITY & ACCESS CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION) 301
TABLE 275 EUROPE: SMART HOME MARKET FOR HVAC CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION) 301
TABLE 276 EUROPE: SMART HOME MARKET FOR HVAC CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION) 302
TABLE 277 EUROPE: SMART HOME MARKET FOR ENTERTAINMENT & OTHER CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION) 302
TABLE 278 EUROPE: SMART HOME MARKET FOR ENTERTAINMENT & OTHER CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION) 302
TABLE 279 EUROPE: SMART HOME MARKET FOR ENTERTAINMENT CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION) 303
TABLE 280 EUROPE: SMART HOME MARKET FOR ENTERTAINMENT CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION) 303
TABLE 281 EUROPE: SMART HOME MARKET FOR OTHER CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION) 303
TABLE 282 EUROPE: SMART HOME MARKET FOR OTHER CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION) 304
TABLE 283 EUROPE: SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2019–2022 (USD MILLION) 304
TABLE 284 EUROPE: SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2023–2028 (USD MILLION) 304
TABLE 285 EUROPE: SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2019–2022 (THOUSAND UNITS) 304
TABLE 286 EUROPE: SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2023–2028 (THOUSAND UNITS) 305
TABLE 287 EUROPE: SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2019–2022 (USD MILLION) 305
TABLE 288 EUROPE: SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2023–2028 (USD MILLION) 306
TABLE 289 EUROPE: SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2019–2022 (THOUSAND UNITS) 306
TABLE 290 EUROPE: SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2023–2028 (THOUSAND UNITS) 307
TABLE 291 EUROPE: SMART HOME MARKET FOR HOME APPLIANCES, BY PRODUCT, 2019–2022 (USD MILLION) 307
TABLE 292 EUROPE: SMART HOME MARKET FOR HOME APPLIANCES, BY PRODUCT, 2023–2028 (USD MILLION) 307
TABLE 293 EUROPE: SMART HOME MARKET FOR HOME APPLIANCES, BY PRODUCT, 2019–2022 (THOUSAND UNITS) 308
TABLE 294 EUROPE: SMART HOME MARKET FOR HOME APPLIANCES, BY PRODUCT, 2023–2028 (THOUSAND UNITS) 308
TABLE 295 EUROPE: SMART HOME MARKET FOR SMART FURNITURE, BY PRODUCT, 2019–2022 (USD MILLION) 308
TABLE 296 EUROPE: SMART HOME MARKET FOR SMART FURNITURE, BY PRODUCT, 2023–2028 (USD MILLION) 309
9.3.2 UK 309
9.3.2.1 Initiatives to prevent fire accidents to support market growth 309
9.3.3 GERMANY 309
9.3.3.1 Adoption of zero-energy systems and development of smart cities to drive market 309
9.3.4 FRANCE 310
9.3.4.1 Initiatives to promote adoption of energy-saving products to propel market 310
9.3.5 ITALY 310
9.3.5.1 Government activities to promote minimum energy consumption products to boost market growth 310
9.3.6 REST OF EUROPE 310
9.3.7 RANKING OF SMART CONTROL ECOSYSTEMS IN EUROPE 311
TABLE 297 RANKING IN EUROPE 311
TABLE 298 FEW IMPACTFUL SMART CONTROLS/HUBS/PLATFORMS IN EUROPE 311
9.4 ASIA PACIFIC 312
9.4.1 REGULATORY FRAMEWORKS 312
FIGURE 77 ASIA PACIFIC: SMART HOME MARKET SNAPSHOT 313
TABLE 299 ASIA PACIFIC: SMART HOME MARKET, BY COUNTRY, 2019–2022 (USD BILLION) 313
TABLE 300 ASIA PACIFIC: SMART HOME MARKET, BY COUNTRY, 2023–2028 (USD BILLION) 314
TABLE 301 ASIA PACIFIC: SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION) 314
TABLE 302 ASIA PACIFIC: SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION) 315
TABLE 303 ASIA PACIFIC: SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2019–2022 (THOUSAND UNITS) 315
TABLE 304 ASIA PACIFIC: SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2023–2028 (THOUSAND UNITS) 316
TABLE 305 ASIA PACIFIC: SMART HOME MARKET FOR SECURITY & ACCESS CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION) 316
TABLE 306 ASIA PACIFIC: SMART HOME MARKET FOR SECURITY & ACCESS CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION) 317
TABLE 307 ASIA PACIFIC: SMART HOME MARKET FOR HVAC CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION) 317
TABLE 308 ASIA PACIFIC: SMART HOME MARKET FOR HVAC CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION) 318
TABLE 309 ASIA PACIFIC: SMART HOME MARKET FOR ENTERTAINMENT & OTHER CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION) 318
TABLE 310 ASIA PACIFIC: SMART HOME MARKET FOR ENTERTAINMENT & OTHER CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION) 318
TABLE 311 ASIA PACIFIC: SMART HOME MARKET FOR ENTERTAINMENT CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION) 319
TABLE 312 ASIA PACIFIC: SMART HOME MARKET FOR ENTERTAINMENT CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION) 319
TABLE 313 ASIA PACIFIC: SMART HOME MARKET FOR OTHER CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION) 319
TABLE 314 ASIA PACIFIC: SMART HOME MARKET FOR OTHER CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION) 320
TABLE 315 ASIA PACIFIC: SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2019–2022 (USD MILLION) 320
TABLE 316 ASIA PACIFIC: SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2023–2028 (USD MILLION) 320
TABLE 317 ASIA PACIFIC: SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2019–2022 (THOUSAND UNITS) 320
TABLE 318 ASIA PACIFIC: SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2023–2028 (THOUSAND UNITS) 321
TABLE 319 ASIA PACIFIC: SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2019–2022 (USD MILLION) 321
TABLE 320 ASIA PACIFIC: SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2023–2028 (USD MILLION) 322
TABLE 321 ASIA PACIFIC: SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2019–2022 (THOUSAND UNITS) 322
TABLE 322 ASIA PACIFIC: SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2023–2028 (THOUSAND UNITS) 323
TABLE 323 ASIA PACIFIC: SMART HOME MARKET FOR HOME APPLIANCES, BY PRODUCT, 2019–2022 (USD MILLION) 323
TABLE 324 ASIA PACIFIC: SMART HOME MARKET FOR HOME APPLIANCES, BY PRODUCT, 2023–2028 (USD MILLION) 323
TABLE 325 ASIA PACIFIC: SMART HOME MARKET FOR HOME APPLIANCES, BY PRODUCT, 2019–2022 (THOUSAND UNITS) 324
TABLE 326 ASIA PACIFIC: SMART HOME MARKET FOR HOME APPLIANCES, BY PRODUCT, 2023–2028 (THOUSAND UNITS) 324
TABLE 327 ASIA PACIFIC: SMART HOME MARKET FOR SMART FURNITURE, BY PRODUCT, 2019–2022 (USD MILLION) 324
TABLE 328 ASIA PACIFIC: SMART HOME MARKET FOR SMART FURNITURE, BY PRODUCT, 2023–2028 (USD MILLION) 325
9.4.2 JAPAN 325
9.4.2.1 High penetration rate of internet in households to favor market 325
9.4.3 SOUTH KOREA 325
9.4.3.1 High demand for advanced security due to growing security concerns to propel market 325
9.4.4 CHINA 326
9.4.4.1 Government initiatives for development of smart homes to drive market 326
9.4.5 AUSTRALIA 326
9.4.5.1 High demand for entertainment controls and security & access controls to boost market 326
9.4.6 REST OF ASIA PACIFIC 326
9.4.7 RANKING OF SMART CONTROL ECOSYSTEMS IN ASIA PACIFIC 327
TABLE 329 RANKING IN ASIA PACIFIC 327
TABLE 330 IMPACTFUL SMART CONTROLS/HUBS/PLATFORMS IN ASIA PACIFIC 327
9.5 REST OF THE WORLD 327
9.5.1 REGULATORY FRAMEWORKS 328
TABLE 331 REST OF THE WORLD: SMART HOME MARKET, BY REGION, 2019–2022 (USD BILLION) 328
FIGURE 78 SOUTH AMERICA TO HOLD LARGEST SHARE OF SMART HOME MARKET IN 2023 328
TABLE 332 REST OF THE WORLD: SMART HOME MARKET, BY REGION, 2023–2028 (USD BILLION) 329
TABLE 333 REST OF THE WORLD: SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION) 329
TABLE 334 REST OF THE WORLD: SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION) 330
TABLE 335 REST OF THE WORLD: SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2019–2022 (THOUSAND UNITS) 330
TABLE 336 REST OF THE WORLD: SMART HOME MARKET FOR LIGHTING CONTROLS, BY PRODUCT, 2023–2028(THOUSAND UNITS) 331
TABLE 337 REST OF THE WORLD: SMART HOME MARKET FOR SECURITY & ACCESS CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION) 331
TABLE 338 REST OF THE WORLD: SMART HOME MARKET FOR SECURITY & ACCESS CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION) 331
TABLE 339 REST OF THE WORLD: SMART HOME MARKET FOR HVAC CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION) 332
TABLE 340 REST OF THE WORLD: SMART HOME MARKET FOR HVAC CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION) 332
TABLE 341 REST OF THE WORLD: SMART HOME MARKET FOR ENTERTAINMENT & OTHER CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION) 333
TABLE 342 REST OF THE WORLD: SMART HOME MARKET FOR ENTERTAINMENT & OTHER CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION) 333
TABLE 343 REST OF THE WORLD: SMART HOME MARKET FOR ENTERTAINMENT CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION) 333
TABLE 344 REST OF THE WORLD: SMART HOME MARKET FOR ENTERTAINMENT CONTROLS, BY PRODUCT, 2023–2028 (USD MILLION) 334
TABLE 345 REST OF THE WORLD: SMART HOME MARKET FOR OTHER CONTROLS, BY PRODUCT, 2019–2022 (USD MILLION) 334
TABLE 34