Table of Content

1 INTRODUCTION 30
1.1 STUDY OBJECTIVES 30
1.2 DEFINITION 30
1.2.1 INCLUSIONS AND EXCLUSIONS 31
1.3 MARKET SCOPE 31
1.3.1 MARKETS COVERED 31
1.3.2 PRODUCTS COVERED UNDER EACH MAJOR CATEGORY 32
1.3.3 YEARS CONSIDERED 32
1.4 CURRENCY 33
1.5 LIMITATIONS 33
1.6 STAKEHOLDERS 33

2 RESEARCH METHODOLOGY 34
FIGURE 1 EUROPEAN SMART HOME MARKET: RESEARCH DESIGN 34
2.1 FACTOR ANALYSIS 35
2.1.1 DEMAND-SIDE ANALYSIS 35
2.1.1.1 Growing demand from real estate industry in Europe 36
2.1.2 SUPPLY-SIDE ANALYSIS 36
2.1.2.1 Mature access technologies and simple interfaces drive overall market growth 37
2.1.2.2 Prices of smart home solutions expected to reduce owing to increased adoption of wireless technologies and IoT 37
FIGURE 2 GROWTH OF WIRELESS TECHNOLOGIES EXPECTED TO IMPACT SUPPLY SIDE OF SMART HOME PRODUCTS 37
2.2 MARKET SIZE ESTIMATION 37
2.2.1 BOTTOM-UP APPROACH 38
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 38
2.2.2 TOP-DOWN APPROACH 39
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 39
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 40
FIGURE 5 EUROPEAN SMART HOME MARKET: DATA TRIANGULATION MODEL 40
2.4 MARKET SHARE ESTIMATION 41
2.4.1 KEY DATA FROM SECONDARY SOURCES 41
2.4.2 KEY DATA FROM PRIMARY SOURCES 42
2.4.2.1 Breakdown of primaries 42
2.4.2.2 Key industry insights 43
2.5 ASSUMPTIONS 44
_

3 EXECUTIVE SUMMARY 45
FIGURE 6 PRE- AND POST-COVID-19 IMPACT ANALYSIS FOR EUROPEAN SMART HOME MARKET 46
TABLE 1 COVID-19 IMPACT ANALYSIS FOR EUROPEAN SMART HOME MARKET,
2017–2025 (USD MILLION) 46
FIGURE 7 ENTERTAINMENT AND OTHER CONTROL SEGMENT TO HOLD LARGEST SIZE OF EUROPEAN SMART HOME MARKET FROM 2020 TO 2025 47
FIGURE 8 BEHAVIORAL SOFTWARE AND SERVICE SEGMENT TO HOLD LARGE SIZE OF EUROPEAN SMART HOME MARKET IN 2025 48
FIGURE 9 UK ACCOUNTED FOR LARGEST SHARE OF EUROPEAN SMART HOME MARKET IN 2019 49

4 PREMIUM INSIGHTS 50
4.1 ATTRACTIVE OPPORTUNITIES IN EUROPEAN SMART HOME MARKET 50
FIGURE 10 EUROPEAN SMART HOME MARKET TO GROW AT SIGNIFICANT CAGR FROM 2020 TO 2025 50
4.2 EUROPEAN SMART HOME MARKET, BY PRODUCT 50
FIGURE 11 ENTERTAINMENT AND OTHER CONTROL SEGMENT TO HOLD LARGEST SIZE OF EUROPEAN SMART HOME MARKET BY 2025 50
4.3 EUROPEAN SMART HOME MARKET, BY PRODUCT AND COUNTRY 51
FIGURE 12 UK AND ENTERTAINMENT AND OTHER CONTROL SEGMENT ESTIMATED TO ACCOUNT FOR LARGEST SHARES OF EUROPEAN SMART HOME MARKET IN 2020 51
4.4 EUROPEAN SMART HOME MARKET, BY COUNTRY 52
FIGURE 13 SMART HOME MARKET IN GERMANY TO GROW AT HIGHEST CAGR FROM 2020 TO 2025 52

5 MARKET OVERVIEW 53
5.1 INTRODUCTION 53
5.2 MARKET DYNAMICS 53
FIGURE 14 RISING NEED FOR ENERGY-SAVING AND GROWING SECURITY CONCERNS TO DRIVE GROWTH OF EUROPEAN SMART HOME MARKET 54
5.2.1 DRIVERS 54
5.2.1.1 Rising need for energy saving and low-carbon emission-oriented solutions 54
TABLE 2 ENERGY-SAVING POTENTIAL OF LIGHTING CONTROLS 54
5.2.1.2 Ongoing proliferation of smartphones and smart gadgets 55
5.2.1.3 Increasing number of manufacturers expanding their smart home product portfolios 55
5.2.1.4 Growing importance of home monitoring in remote locations 55
5.2.1.5 Rising awareness among people about their safety, security,
and convenience 56
FIGURE 15 MARKET GROWTH PROJECTIONS CONSIDERING DRIVERS 56
5.2.2 RESTRAINTS 57
5.2.2.1 High initial costs 57
5.2.2.2 More convenience-driven market rather than being necessity-driven market 57
5.2.2.3 High switching costs for existing smart device consumers 57
FIGURE 16 MARKET GROWTH PROJECTIONS CONSIDERING OPPORTUNITIES 58
5.2.3 OPPORTUNITIES 58
5.2.3.1 Favorable government regulations 58
5.2.3.2 Expected incorporation of lighting controllers with in-built data connectivity technology 59
5.2.4 CHALLENGES 59
5.2.4.1 Retrofitting existing homes 59
5.2.4.2 Linking disparate systems, limited functionalities, and lack of open standards 59
5.2.4.3 Increasing instances of cybersecurity threats to smart infrastructures 60
FIGURE 17 MARKET GROWTH PROJECTIONS CONSIDERING CHALLENGES & RESTRAINTS 60
5.3 VALUE CHAIN ANALYSIS 61
FIGURE 18 VALUE CHAIN ANALYSIS: MAJOR VALUE ADDED BY DEVICE MANUFACTURERS, AND TECHNOLOGY AND SERVICE PROVIDERS 61
5.3.1 MAJOR STARTUPS IN EUROPEAN SMART HOME MARKET 62
5.4 KEY INDUSTRY TRENDS 63
FIGURE 19 KEY SMART HOME INDUSTRY TRENDS 63

6 TECHNOLOGY AND PROTOCOL 64
6.1 INTRODUCTION 64
FIGURE 20 SMART HOME PROTOCOLS AND TECHNOLOGIES 64
6.2 CELLULAR NETWORK TECHNOLOGIES 65
6.2.1 CDMA NETWORKS 65
6.2.2 GSM/HSPA NETWORKS 65
FIGURE 21 GSM/HSPA NETWORK SET-UP 65
6.2.3 LTE NETWORKS 65
6.3 PROTOCOLS AND STANDARDS 66
6.3.1 DALI 66
FIGURE 22 WIRING FOR DALI FLUORESCENT DIMMING 66
6.3.2 NEMA 67
6.3.3 KNX 67
6.3.4 DMX 67
6.3.5 LONWORKS 67
FIGURE 23 LONWORKS NETWORK SET-UP 68
6.3.6 ETHERNET 68
6.3.7 MODBUS 68
6.3.8 BACNET 69
6.3.9 BLACK BOX 69
6.3.10 PLC 69
_
6.4 WIRELESS COMMUNICATION TECHNOLOGIES 70
FIGURE 24 WIRELESS COMMUNICATION TECHNOLOGIES 70
6.4.1 ZIGBEE 70
6.4.2 Z-WAVE 70
6.4.3 WI-FI 71
6.4.4 BLUETOOTH 71
6.4.5 ENOCEAN 71
6.4.6 THREAD 71
6.4.7 INFRARED 71

7 EUROPEAN SMART HOME MARKET, BY PRODUCT 72
7.1 INTRODUCTION 73
FIGURE 25 EUROPEAN SMART HOME MARKET, BY PRODUCT 73
TABLE 3 EUROPEAN SMART HOME MARKET, BY PRODUCT,
2016–2019 (USD MILLION) 73
TABLE 4 EUROPEAN SMART HOME MARKET, BY PRODUCT,
2020–2025 (USD MILLION) 74
7.2 LIGHTING CONTROL 75
7.2.1 MARKET DYNAMICS 75
7.2.1.1 Drivers 75
7.2.1.1.1 Demand for energy-efficient lighting solutions 75
7.2.1.1.2 Reduction in cost by conserving energy, thereby increasing the shelf life of lamps 75
7.2.1.2 Restraints 76
7.2.1.2.1 Compatibility issues pose hurdles in path of lighting controls 76
7.2.1.2.2 Lack of awareness about benefits of lighting controls 76
7.2.1.3 Opportunities 76
7.2.1.3.1 Consumer perception undergoing paradigm shift 76
7.2.1.3.2 Mood lighting providing an opportunity in lighting controls 76
7.2.2 PRODUCTS CONSIDERED UNDER LIGHTING CONTROLS 76
FIGURE 26 LIGHTING CONTROL PRODUCTS 76
7.2.2.1 Relays 77
TABLE 5 EUROPEAN SMART HOME MARKET FOR LIGHTING CONTROL RELAYS,
BY COUNTRY, 2016–2019 (USD MILLION) 77
TABLE 6 EUROPEAN SMART HOME MARKET FOR LIGHTING CONTROL RELAYS,
BY COUNTRY, 2020–2025 (USD MILLION) 77
7.2.2.2 Occupancy sensors 78
TABLE 7 EUROPEAN SMART HOME MARKET FOR LIGHTING CONTROL OCCUPANCY SENSORS, BY COUNTRY, 2016–2024 (USD MILLION) 78
TABLE 8 EUROPEAN SMART HOME MARKET FOR LIGHTING CONTROL OCCUPANCY SENSORS, BY COUNTRY, 2020–2025 (USD MILLION) 78
7.2.2.3 Daylight sensors 79
TABLE 9 EUROPEAN SMART HOME MARKET FOR LIGHTING CONTROL DAYLIGHT SENSORS, BY COUNTRY, 2016–2019 (USD MILLION) 79
TABLE 10 EUROPEAN SMART HOME MARKET FOR LIGHTING CONTROL DAYLIGHT SENSORS, BY COUNTRY, 2020–2025 (USD MILLION) 79
7.2.2.4 Timers 80
TABLE 11 EUROPEAN SMART HOME MARKET FOR LIGHTING CONTROL TIMERS,
BY COUNTRY, 2016–2019 (USD MILLION) 80
TABLE 12 EUROPEAN SMART HOME MARKET FOR LIGHTING CONTROL TIMERS,
BY COUNTRY, 2020–2025 (USD MILLION) 80
7.2.2.5 Dimmers 81
TABLE 13 EUROPEAN SMART HOME MARKET FOR LIGHTING CONTROL DIMMERS,
BY COUNTRY, 2016–2019 (USD MILLION) 81
TABLE 14 EUROPEAN SMART HOME MARKET FOR LIGHTING CONTROL DIMMERS,
BY COUNTRY, 2020–2025 (USD MILLION) 81
7.2.2.6 Switches 82
TABLE 15 EUROPEAN SMART HOME MARKET FOR LIGHTING CONTROL SWITCHES,
BY COUNTRY, 2016–2019 (USD MILLION) 82
TABLE 16 EUROPEAN SMART HOME MARKET FOR LIGHTING CONTROL SWITCHES,
BY COUNTRY, 2020–2025 (USD MILLION) 82
7.2.2.7 Accessories and other products 83
TABLE 17 EUROPEAN SMART HOME MARKET FOR LIGHTING CONTROL ACCESSORIES AND OTHER PRODUCTS, BY COUNTRY, 2016–2019 (USD MILLION) 83
TABLE 18 EUROPEAN SMART HOME MARKET FOR LIGHTING CONTROL ACCESSORIES AND OTHER PRODUCTS, BY COUNTRY, 2020–2025 (USD MILLION) 83
TABLE 19 EUROPEAN SMART HOME MARKET FOR LIGHTING CONTROL, BY PRODUCT, 2016–2019 (USD MILLION) 84
TABLE 20 EUROPEAN SMART HOME MARKET FOR LIGHTING CONTROL, BY PRODUCT, 2020–2025 (USD MILLION) 84
TABLE 21 EUROPEAN SMART HOME MARKET FOR LIGHTING CONTROL, BY COUNTRY, 2016–2019 (USD MILLION) 85
TABLE 22 EUROPEAN SMART HOME MARKET FOR LIGHTING CONTROL, BY COUNTRY, 2020–2025 (USD MILLION) 85
7.3 SECURITY & ACCESS CONTROL 86
7.3.1 MARKET DYNAMICS 86
7.3.1.1 Drivers 86
7.3.1.1.1 Multi-level/multifactor authentication to enhance authentication processes 86
7.3.1.2 Restraints 86
7.3.1.2.1 Privacy issues 86
7.3.1.3 Opportunities 86
7.3.1.3.1 Significant prospects of biometrics technologies in the security market 86
7.3.2 PRODUCTS COVERED UNDER SECURITY & ACCESS CONTROL 87
FIGURE 27 SECURITY & ACCESS CONTROL PRODUCTS 87
TABLE 23 EUROPEAN SMART HOME MARKET FOR SECURITY & ACCESS CONTROL,
BY PRODUCT, 2016–2019 (USD MILLION) 87
TABLE 24 EUROPEAN SMART HOME MARKET FOR SECURITY & ACCESS CONTROL,
BY PRODUCT, 2020–2025 (USD MILLION) 87
TABLE 25 EUROPEAN SMART HOME MARKET FOR SECURITY & ACCESS CONTROL,
BY COUNTRY, 2016–2019 (USD MILLION) 88
TABLE 26 EUROPEAN SMART HOME MARKET FOR SECURITY & ACCESS CONTROL,
BY COUNTRY, 2020–2025 (USD MILLION) 88
7.3.2.1 Video surveillance 88
TABLE 27 EUROPEAN SMART HOME MARKET FOR VIDEO SURVEILLANCE SYSTEMS,
BY COUNTRY, 2016–2019 (USD MILLION) 89
TABLE 28 EUROPEAN SMART HOME MARKET FOR VIDEO SURVEILLANCE SYSTEMS,
BY COUNTRY, 2020–2025 (USD MILLION) 89
7.3.2.1.1 Hardware 90
7.3.2.1.1.1 Security cameras 90
7.3.2.1.1.2 IP cameras 90
7.3.2.1.1.3 Analog cameras 90
7.3.2.1.1.4 Storage devices 91
7.3.2.1.1.5 Monitors 91
7.3.2.1.1.6 Servers 91
7.3.2.1.1.7 Accessories 92
7.3.2.1.2 Software 92
7.3.2.1.2.1 Video analytics software 92
7.3.2.1.2.2 Video management systems (VMS) 92
7.3.2.1.2.3 Neural networks and algorithms 93
7.3.2.2 Access control 93
TABLE 29 EUROPEAN SMART HOME MARKET FOR ACCESS CONTROL, BY TYPE,
2016–2019 (USD MILLION) 93
TABLE 30 EUROPEAN SMART HOME MARKET FOR ACCESS CONTROL, BY TYPE,
2020–2025 (USD MILLION) 94
TABLE 31 EUROPEAN SMART HOME MARKET FOR ACCESS CONTROL, BY COUNTRY, 2016–2019 (USD MILLION) 94
TABLE 32 EUROPEAN SMART HOME MARKET FOR ACCESS CONTROL, BY COUNTRY, 2020–2025 (USD MILLION) 94
7.3.2.2.1 Biometric access control 95
TABLE 33 EUROPEAN SMART HOME MARKET FOR BIOMETRIC ACCESS CONTROL,
BY COUNTRY, 2016–2019 (USD MILLION) 95
TABLE 34 EUROPEAN SMART HOME MARKET FOR BIOMETRIC ACCESS CONTROL,
BY COUNTRY, 2020–2025 (USD MILLION) 95
7.3.2.2.1.1 Facial recognition 96
7.3.2.2.1.2 Iris recognition 96
7.3.2.2.1.3 Fingerprint recognition 96
7.3.2.2.1.4 Others 96
7.3.2.2.2 Non-biometric access control 96
TABLE 35 EUROPEAN SMART HOME MARKET FOR NON-BIOMETRIC ACCESS CONTROL, BY COUNTRY, 2016–2019 (USD MILLION) 97
TABLE 36 EUROPEAN SMART HOME MARKET FOR NON-BIOMETRIC ACCESS CONTROL, BY COUNTRY, 2020–2025 (USD MILLION) 97
_
7.4 HVAC CONTROL 97
7.4.1 MARKET DYNAMICS 98
7.4.1.1 Drivers 98
7.4.1.1.1 Flexibility and ease of accessing HVAC systems 98
7.4.1.1.2 Reducing long-term energy cost through enhanced hardware, integrated control systems, and management services 98
7.4.1.2 Restraints 98
7.4.1.2.1 Lack of interoperability and standardization act as major restraints for HVAC systems 98
7.4.1.2.2 Lack of awareness about benefits of HVAC systems 98
7.4.1.3 Opportunities 99
7.4.1.3.1 Innovation in development of sensors and controls 99
7.4.2 PRODUCTS COVERED UNDER HVAC CONTROL 99
FIGURE 28 HVAC CONTROL PRODUCTS AND COMPONENTS 99
TABLE 37 EUROPEAN SMART HOME MARKET FOR HVAC CONTROL, BY PRODUCT, 2016–2019 (USD MILLION) 99
TABLE 38 EUROPEAN SMART HOME MARKET FOR HVAC CONTROL, BY PRODUCT, 2020–2025 (USD MILLION) 100
TABLE 39 EUROPEAN SMART HOME MARKET FOR HVAC CONTROL, BY COUNTRY, 2016–2019 (USD MILLION) 100
TABLE 40 EUROPEAN SMART HOME MARKET FOR HVAC CONTROL, BY COUNTRY, 2020–2025 (USD MILLION) 101
7.4.2.1 Smart thermostats 101
TABLE 41 EUROPEAN SMART HOME MARKET FOR HVAC CONTROL SMART THERMOSTATS, BY COUNTRY, 2016–2019 (USD MILLION) 102
TABLE 42 EUROPEAN SMART HOME MARKET FOR HVAC CONTROL SMART THERMOSTATS, BY COUNTRY, 2020–2025 (USD MILLION) 102
7.4.2.2 Sensors 102
TABLE 43 EUROPEAN SMART HOME MARKET FOR HVAC CONTROL SENSORS,
BY COUNTRY, 2016–2019 (USD MILLION) 103
TABLE 44 EUROPEAN SMART HOME MARKET FOR HVAC CONTROL SENSORS,
BY COUNTRY, 2020–2025 (USD MILLION) 103
7.4.2.3 Control valves 104
TABLE 45 EUROPEAN SMART HOME MARKET FOR HVAC CONTROL VALVES,
BY COUNTRY, 2016–2019 (USD MILLION) 104
TABLE 46 EUROPEAN SMART HOME MARKET FOR HVAC CONTROL VALVES,
BY COUNTRY, 2020–2025 (USD MILLION) 104
7.4.2.4 Heating and cooling coils 105
TABLE 47 EUROPEAN SMART HOME MARKET FOR HVAC CONTROL HEATING
AND COOLING COILS, BY COUNTRY, 2016–2019 (USD MILLION) 105
TABLE 48 EUROPEAN SMART HOME MARKET FOR HVAC CONTROL HEATING
AND COOLING COILS, BY COUNTRY, 2020–2025 (USD MILLION) 105
7.4.2.5 Dampers 106
TABLE 49 EUROPEAN SMART HOME MARKET FOR HVAC CONTROL DAMPERS,
BY COUNTRY, 2016–2019 (USD MILLION) 106
TABLE 50 EUROPEAN SMART HOME MARKET FOR HVAC CONTROL DAMPERS,
BY COUNTRY, 2020–2025 (USD MILLION) 106
7.4.2.6 Actuators 107
TABLE 51 EUROPEAN SMART HOME MARKET FOR HVAC CONTROL ACTUATORS,
BY COUNTRY, 2016–2019 (USD MILLION) 107
TABLE 52 EUROPEAN SMART HOME MARKET FOR HVAC CONTROL ACTUATORS,
BY COUNTRY, 2020–2025 (USD MILLION) 107
7.4.2.7 Pumps and fans 108
TABLE 53 EUROPEAN SMART HOME MARKET FOR HVAC CONTROL PUMPS AND FANS, BY COUNTRY, 2016–2019 (USD MILLION) 108
TABLE 54 EUROPEAN SMART HOME MARKET FOR HVAC CONTROL PUMPS AND FANS, BY COUNTRY, 2020–2025 (USD MILLION) 108
7.4.2.8 Smart vents 109
TABLE 55 EUROPEAN SMART HOME MARKET FOR HVAC CONTROL SMART VENTS,
BY COUNTRY, 2016–2019 (USD MILLION) 109
TABLE 56 EUROPEAN SMART HOME MARKET FOR HVAC CONTROL SMART VENTS,
BY COUNTRY, 2020–2025 (USD MILLION) 109
7.5 ENTERTAINMENT AND OTHER CONTROL 110
7.5.1 MARKET DYNAMICS 110
7.5.1.1 Drivers 110
7.5.1.1.1 Changing lifestyle 110
7.5.1.1.2 Enhanced comfort 110
7.5.1.2 Restraints 110
7.5.1.2.1 High cost of entertainment control systems 110
7.5.1.3 Opportunities 111
7.5.1.3.1 3D gesture-based remote control to be the next big thing in entertainment controls 111
TABLE 57 EUROPEAN SMART HOME MARKET FOR ENTERTAINMENT AND OTHER CONTROL, BY TYPE, 2016–2019 (USD MILLION) 111
TABLE 58 EUROPEAN SMART HOME MARKET FOR ENTERTAINMENT AND OTHER CONTROL, BY TYPE, 2020–2025 (USD MILLION) 111
7.5.2 PRODUCTS COVERED UNDER ENTERTAINMENT AND OTHER CONTROL 112
FIGURE 29 ENTERTAINMENT AND OTHER CONTROL PRODUCTS 112
7.5.2.1 Audio, volume, and multimedia controls 112
7.5.2.2 Home theater system controls 113
7.5.2.3 Touchscreens and keypads 113
TABLE 59 EUROPEAN SMART HOME MARKET FOR ENTERTAINMENT AND OTHER CONTROL, BY PRODUCT, 2016–2019 (USD MILLION) 113
TABLE 60 EUROPEAN SMART HOME MARKET FOR ENTERTAINMENT AND OTHER CONTROL, BY PRODUCT, 2020–2025 (USD MILLION) 113
TABLE 61 EUROPEAN SMART HOME MARKET FOR ENTERTAINMENT AND OTHER CONTROL, BY COUNTRY, 2016–2019 (USD MILLION) 114
TABLE 62 EUROPEAN SMART HOME MARKET FOR ENTERTAINMENT AND OTHER CONTROL, BY COUNTRY, 2020–2025 (USD MILLION) 114
7.5.3 PRODUCTS COVERED UNDER OTHER CONTROL 115
FIGURE 30 OTHER CONTROL PRODUCTS 115
TABLE 63 EUROPEAN SMART HOME MARKET FOR OTHER CONTROLS, BY PRODUCT, 2016–2019 (USD MILLION) 115
TABLE 64 EUROPEAN SMART HOME MARKET FOR OTHER CONTROLS, BY PRODUCT, 2020–2025 (USD MILLION) 115
TABLE 65 EUROPEAN SMART HOME MARKET FOR OTHER CONTROLS, BY COUNTRY, 2016–2019 (USD MILLION) 116
TABLE 66 EUROPEAN SMART HOME MARKET FOR OTHER CONTROLS, BY COUNTRY, 2020–2025 (USD MILLION) 116
7.5.3.1 Smart meters 117
TABLE 67 EUROPEAN SMART HOME MARKET FOR SMART METERS, BY COUNTRY, 2016–2019 (USD MILLION) 117
TABLE 68 EUROPEAN SMART HOME MARKET FOR SMART METERS, BY COUNTRY, 2020–2025 (USD MILLION) 117
7.5.3.2 Smart plugs 118
TABLE 69 EUROPEAN SMART HOME MARKET FOR SMART PLUGS, BY COUNTRY,
2016–2019 (USD MILLION) 118
TABLE 70 EUROPEAN SMART HOME MARKET FOR SMART PLUGS, BY COUNTRY,
2020–2025 (USD MILLION) 118
7.5.3.3 Smart hubs 119
TABLE 71 EUROPEAN SMART HOME MARKET FOR SMART HUBS, BY COUNTRY,
2016–2019 (USD MILLION) 119
TABLE 72 EUROPEAN SMART HOME MARKET FOR SMART HUBS, BY COUNTRY,
2020–2025 (USD MILLION) 119
7.5.3.4 Smart locks 120
TABLE 73 EUROPEAN SMART HOME MARKET FOR SMART LOCKS, BY COUNTRY,
2016–2019 (USD MILLION) 120
TABLE 74 EUROPEAN SMART HOME MARKET FOR SMART LOCKS, BY COUNTRY,
2020–2025 (USD MILLION) 120
7.5.3.5 Smoke detectors 121
TABLE 75 EUROPEAN SMART HOME MARKET FOR SMOKE DETECTORS, BY COUNTRY, 2016–2019 (USD MILLION) 121
TABLE 76 EUROPEAN SMART HOME MARKET FOR SMOKE DETECTORS, BY COUNTRY, 2020–2025 (USD MILLION) 121
7.6 SMART SPEAKER 122
7.6.1 MARKET DYNAMICS 122
7.6.1.1 Drivers 122
7.6.1.1.1 Increasing number of smart homes in Europe 122
7.6.1.1.2 Rapid proliferation of multifunctional devices 122
7.6.1.1.3 Growing trend of personalization 123
7.6.1.2 Restraints 123
7.6.1.2.1 Issues related to connectivity range, compatibility,
and power 123
7.6.1.3 Opportunities 123
7.6.1.3.1 Increasing consumer preference for technologically advanced products 123
_
FIGURE 31 CONCEPTUAL FRAMEWORK ON CONSUMER ACCEPTANCE OF NEW TECHNOLOGIES 124
7.6.1.3.2 Increasing focus of companies on enhancing customer experience 124
FIGURE 32 TIMELINE OF SMART SPEAKERS OFFERED BY KEY PLAYERS 125
TABLE 77 EUROPEAN SMART HOME MARKET FOR SMART SPEAKER, BY COUNTRY, 2016–2019 (USD MILLION) 125
TABLE 78 EUROPEAN SMART HOME MARKET FOR SMART SPEAKER, BY COUNTRY, 2020–2025 (USD MILLION) 126
7.7 HOME HEALTHCARE 126
7.7.1 MARKET DYNAMICS 127
7.7.1.1 Drivers 127
7.7.1.1.1 Changing demographics to positively affect home health systems 127
7.7.1.2 Opportunities 127
7.7.1.2.1 Emerging market for smart wearables to drive home healthcare 127
TABLE 79 EUROPEAN SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2016–2019 (USD MILLION) 127
TABLE 80 EUROPEAN SMART HOME MARKET FOR HOME HEALTHCARE, BY PRODUCT, 2020–2025 (USD MILLION) 127
TABLE 81 EUROPEAN SMART HOME MARKET FOR HOME HEALTHCARE, BY COUNTRY, 2016–2019 (USD MILLION) 128
TABLE 82 EUROPEAN SMART HOME MARKET FOR HOME HEALTHCARE, BY COUNTRY, 2020–2025 (USD MILLION) 128
7.7.2 PRODUCTS COVERED UNDER HOME HEALTHCARE 129
FIGURE 33 HOME HEALTHCARE PRODUCTS 129
7.7.2.1 Health status monitors 129
7.7.2.1.1 Fitness and heart rate monitors 129
7.7.2.1.2 Blood pressure monitors 129
7.7.2.1.3 Blood glucose meters 130
7.7.2.1.4 Continuous glucose monitors 130
7.7.2.1.5 Pulse oximeters 130
7.7.2.1.6 Fall detectors 130
TABLE 83 EUROPEAN SMART HOME MARKET FOR HEALTH STATUS MONITORS,
BY COUNTRY, 2016–2019 (USD MILLION) 131
TABLE 84 EUROPEAN SMART HOME MARKET FOR HEALTH STATUS MONITORS,
BY COUNTRY, 2020–2025 (USD MILLION) 131
7.7.2.2 Physical activity monitors 131
TABLE 85 EUROPEAN SMART HOME MARKET FOR PHYSICAL ACTIVITY MONITORS,
BY COUNTRY, 2016–2019 (USD MILLION) 132
TABLE 86 EUROPEAN SMART HOME MARKET FOR PHYSICAL ACTIVITY MONITORS,
BY COUNTRY, 2020–2025 (USD MILLION) 132
_
7.8 SMART KITCHEN 132
7.8.1 MARKET DYNAMICS 132
7.8.1.1 Drivers 132
7.8.1.1.1 Changing lifestyles and preferences of consumers 132
7.8.1.2 Restraints 133
7.8.1.2.1 High prices of smart kitchen appliances 133
TABLE 87 EUROPEAN SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2016–2019 (USD MILLION) 133
TABLE 88 EUROPEAN SMART HOME MARKET FOR SMART KITCHEN, BY PRODUCT, 2020–2025 (USD MILLION) 133
TABLE 89 EUROPEAN SMART HOME MARKET FOR SMART KITCHEN, BY COUNTRY, 2016–2019 (USD MILLION) 134
TABLE 90 EUROPEAN SMART HOME MARKET FOR SMART KITCHEN, BY COUNTRY, 2020–2025 (USD MILLION) 134
7.8.2 PRODUCTS COVERED UNDER SMART KITCHEN 134
FIGURE 34 SMART KITCHEN PRODUCTS 134
7.8.2.1 Smart refrigerators 135
TABLE 91 EUROPEAN SMART HOME MARKET FOR SMART REFRIGERATORS,
BY COUNTRY, 2016–2019 (USD MILLION) 135
TABLE 92 EUROPEAN SMART HOME MARKET FOR SMART REFRIGERATORS,
BY COUNTRY, 2020–2025 (USD MILLION) 135
7.8.2.2 Smart coffee makers 136
TABLE 93 EUROPEAN SMART HOME MARKET FOR SMART COFFEE MAKERS,
BY COUNTRY, 2016–2019 (USD MILLION) 136
TABLE 94 EUROPEAN SMART HOME MARKET FOR SMART COFFEE MAKERS,
BY COUNTRY, 2020–2025 (USD MILLION) 136
7.8.2.3 Smart kettles 137
TABLE 95 EUROPEAN SMART HOME MARKET FOR SMART KETTLES, BY COUNTRY, 2016–2019 (USD MILLION) 137
TABLE 96 EUROPEAN SMART HOME MARKET FOR SMART KETTLES, BY COUNTRY, 2020–2025 (USD MILLION) 137
7.8.2.4 Smart dishwashers 138
TABLE 97 EUROPEAN SMART HOME MARKET FOR SMART DISHWASHERS,
BY COUNTRY, 2016–2019 (USD MILLION) 138
TABLE 98 EUROPEAN SMART HOME MARKET FOR SMART DISHWASHERS,
BY COUNTRY, 2020–2025 (USD MILLION) 138
7.8.2.5 Smart ovens 139
TABLE 99 EUROPEAN SMART HOME MARKET FOR SMART OVENS, BY COUNTRY,
2016–2019 (USD MILLION) 139
TABLE 100 EUROPEAN SMART HOME MARKET FOR SMART OVENS, BY COUNTRY,
2020–2025 (USD MILLION) 139
7.8.2.6 Smart cooktops 140
TABLE 101 EUROPEAN SMART HOME MARKET FOR SMART COOKTOPS, BY COUNTRY, 2016–2019 (USD MILLION) 140
TABLE 102 EUROPEAN SMART HOME MARKET FOR SMART COOKTOPS, BY COUNTRY, 2020–2025 (USD MILLION) 140
7.8.2.7 Smart cookers 141
TABLE 103 EUROPEAN SMART HOME MARKET FOR SMART COOKERS, BY COUNTRY, 2016–2019 (USD MILLION) 141
TABLE 104 EUROPEAN SMART HOME MARKET FOR SMART COOKERS, BY COUNTRY, 2020–2025 (USD MILLION) 141
7.9 HOME APPLIANCES 142
7.9.1 MARKET DYNAMICS 142
7.9.1.1 Drivers 142
7.9.1.1.1 Availability of wireless solutions 142
7.9.1.1.2 Rising cost of energy would increase adoption of smart appliances 142
7.9.1.2 Restraints 142
7.9.1.2.1 Privacy concerns 142
7.9.1.2.2 Lack of awareness about smart appliances 142
7.9.1.3 Opportunities 143
7.9.1.3.1 Machine-to-machine (M2M) communication to provide new growth opportunities 143
7.9.2 PRODUCTS COVERED UNDER HOME APPLIANCES 143
FIGURE 35 HOME APPLIANCES PRODUCTS 143
7.9.2.1 Smart washers 143
7.9.2.2 Smart dryers 143
7.9.2.3 Smart water heaters 144
7.9.2.4 Smart vacuum cleaners 144
TABLE 105 EUROPEAN SMART MARKET FOR HOME APPLIANCES, BY PRODUCT,
2016–2019 (USD MILLION) 144
TABLE 106 EUROPEAN SMART MARKET FOR HOME APPLIANCES, BY PRODUCT,
2020–2025 (USD MILLION) 144
TABLE 107 EUROPEAN SMART HOME MARKET FOR HOME APPLIANCES, BY COUNTRY, 2016–2019 (USD MILLION) 145
TABLE 108 EUROPEAN SMART HOME MARKET FOR HOME APPLIANCES, BY COUNTRY, 2020–2025 (USD MILLION) 145
7.10 SMART FURNITURE 145
7.10.1 MARKET DYNAMICS 146
7.10.1.1 Drivers 146
7.10.1.1.1 Advancing lifestyle 146
7.10.1.2 Restraints 146
7.10.1.2.1 Reluctance toward adopting new technology 146
7.10.1.2.2 High price over traditional furniture 146
7.10.2 PRODUCTS COVERED UNDER SMART FURNITURE 146
FIGURE 36 SMART FURNITURE PRODUCTS 146
TABLE 109 EUROPEAN SMART HOME MARKET FOR SMART FURNITURE, BY PRODUCT, 2016–2019 (USD MILLION) 146
TABLE 110 EUROPEAN SMART HOME MARKET FOR SMART FURNITURE, BY PRODUCT, 2020–2025 (USD MILLION) 147
TABLE 111 EUROPEAN SMART HOME MARKET FOR SMART FURNITURE, BY COUNTRY, 2016–2019 (USD MILLION) 147
TABLE 112 EUROPEAN SMART HOME MARKET FOR SMART FURNITURE, BY COUNTRY, 2020–2025 (USD MILLION) 147
7.10.2.1 Smart tables 148
TABLE 113 EUROPEAN SMART HOME MARKET FOR SMART TABLES, BY COUNTRY,
2016–2019 (USD MILLION) 148
TABLE 114 EUROPEAN SMART HOME MARKET FOR SMART TABLES, BY COUNTRY,
2020–2025 (USD MILLION) 148
7.10.2.2 Smart desks 149
TABLE 115 EUROPEAN SMART HOME MARKET FOR SMART DESKS, BY COUNTRY,
2016–2019 (USD MILLION) 149
TABLE 116 EUROPEAN SMART HOME MARKET FOR SMART DESKS, BY COUNTRY,
2020–2025 (USD MILLION) 149
7.10.2.3 Smart stools & benches 150
TABLE 117 EUROPEAN SMART HOME MARKET FOR SMART STOOLS & BENCHES,
BY COUNTRY, 2016–2019 (USD MILLION) 150
TABLE 118 EUROPEAN SMART HOME MARKET FOR SMART STOOLS & BENCHES,
BY COUNTRY, 2020–2025 (USD MILLION) 150
7.10.2.4 Smart sofas 151
TABLE 119 EUROPEAN SMART HOME MARKET FOR SMART SOFAS, BY COUNTRY,
2016–2024 (USD MILLION) 151
TABLE 120 EUROPEAN SMART HOME MARKET FOR SMART SOFAS, BY COUNTRY,
2020–2025 (USD MILLION) 151
7.10.2.5 Smart chairs 152
TABLE 121 EUROPEAN SMART HOME MARKET FOR SMART CHAIRS, BY COUNTRY, 2016–2019 (USD MILLION) 152
TABLE 122 EUROPEAN SMART HOME MARKET FOR SMART CHAIRS, BY COUNTRY, 2020–2025 (USD MILLION) 152
8 SMART HOME MARKET, BY SOFTWARE & SERVICE 153
8.1 INTRODUCTION 154
FIGURE 37 EUROPEAN SMART HOME MARKET, BY SOFTWARE & SERVICE 155
TABLE 123 EUROPEAN SMART HOME MARKET, BY SOFTWARE & SERVICE,
2016–2019 (USD BILLION) 155
TABLE 124 EUROPEAN SMART HOME MARKET, BY SOFTWARE & SERVICE,
2020–2025 (USD BILLION) 155
8.2 BEHAVIORAL TYPE SOFTWARE AND SERVICES 156
8.2.1 BEHAVIORAL SEGMENT TO HOLD LARGE SIZE OF EUROPEAN SMART HOME MARKET FROM 2020 TO 2025 156
8.3 PROACTIVE SOFTWARE AND SERVICES 156
8.3.1 PROACTIVE SEGMENT OF EUROPEAN SMART HOME MARKET TO GROW AT HIGH CAGR FROM 2020 TO 2025 156
9 GEOGRAPHIC ANALYSIS 157
9.1 INTRODUCTION 158
9.1.1 REGULATORY FRAMEWORKS 158
9.2 EUROPE 159
FIGURE 38 EUROPEAN SMART HOME MARKET SNAPSHOT 159
TABLE 125 EUROPEAN SMART HOME MARKET, BY COUNTRY,
2016–2019 (USD MILLION) 160
TABLE 126 EUROPEAN SMART HOME MARKET, BY COUNTRY,
2020–2025 (USD MILLION) 160
9.2.1 UK 161
9.2.1.1 UK to lead the smart home market in Europe 161
9.2.1.2 Demand for energy-saving and long-lasting lighting systems 161
TABLE 127 SMART HOME MARKET IN UK, BY PRODUCT, 2016–2019 (USD MILLION) 161
TABLE 128 SMART HOME MARKET IN UK, BY PRODUCT, 2020–2025 (USD MILLION) 162
9.2.2 GERMANY 162
9.2.2.1 Rising demand for smart lighting solution in homes driving
the market 162
9.2.2.2 Increasing penetration of LED lights and luminaires 162
TABLE 129 SMART HOME MARKET IN GERMANY, BY PRODUCT,
2016–2019 (USD MILLION) 163
TABLE 130 SMART HOME MARKET IN GERMANY, BY PRODUCT,
2020–2025 (USD MILLION) 163
9.2.3 FRANCE 164
9.2.3.1 rising demand for Security and access controls in france leading to growth of smart home market in country 164
9.2.3.2 Increasing awareness of energy conservation 164
TABLE 131 SMART HOME MARKET IN FRANCE, BY PRODUCT,
2016–2019 (USD MILLION) 164
TABLE 132 SMART HOME MARKET IN FRANCE, BY PRODUCT,
2020–2025 (USD MILLION) 165
9.2.4 ITALY 165
9.2.4.1 High demand of smart lighting in smart homes 165
TABLE 133 SMART HOME MARKET IN ITALY, BY PRODUCT, 2016–2019 (USD MILLION) 166
TABLE 134 SMART HOME MARKET IN ITALY, BY PRODUCT, 2020–2025 (USD MILLION) 166
9.2.5 REST OF EUROPE (ROE) 167
TABLE 135 SMART HOME MARKET IN ROE, BY PRODUCT