The smart
home market has undergone significant change in recent years, with smart home
technology evolving from low data rate and low frequency to high data rate and
high frequency data transmission. The rising wave of wired and wireless communication
technology is creating huge potential for new smart home applications and
driving market demand for smart home systems/devices.
In smart home
market, various wired and wireless communication technologies such as BACnet,
lonworks, DALI, modbus, KNX, Zigbee, Wi-Fi, Bluetooth, EnOcean, and Z-wave are
used to control smart home systems to provide homeowners security, comfort,
convenience, and energy efficiency. Increasing awareness towards energy
efficiency, increasing consumer need for simplicity and personalized
experience, the growing adoption of cloud-based technologies, falling sensor
costs, and edge computing are creating new opportunities for various smart home
technologies.
Lucintel,
a leading global management consulting and market research firm with over 1,000
clients worldwide, has analyzed the technologies used in smart home market and
has now published a comprehensive research report entitled “Technology
Trends and Opportunities in the Global Smart Home Market 2019-2024”. This
report analyzes technology maturity, degree of disruption, competitive
intensity, market potential and other parameters of various technologies in
smart home market.
Lucintel study finds that the total market size of wired and wireless
communication technologies in smart home market is $68.2 Bil in 2018 and is
forecast to grow at 9% during next five years. Wireless technology is largest
segment of the smart home market and is growing at above average growth. Zigbee,
Z-wave, Bluetooth, and EnOcean technologies consume low power which
significantly increases the battery life. In terms of data transfer and
bandwidth, Wi-Fi is much faster than other technologies.
Emerging
technology trends, which have a direct impact on the dynamics of the industry,
include development of voice assistant technology for high-end automated
household appliances, emergence of air quality sensor devices that measure
volatile organic compounds (VOCs), and growing adoption of video enabled
drones. ADT, Honeywell, Johnson & Johnson, Control4, United Technologies,
Siemens, Philips, Acuity Brands, and Vivint are among the major technology
providers in the smart home market.
The Lucintel report serves as a catalyst for
growth as it provides a comprehensive data and analysis on trends, key drivers,
and directions. The study includes trends and forecasts for the global smart home technology
by application, technology, and region as follows:
By Technology
Type [$M shipment analysis from 2013 to 2024]:
· Wired
– BACnet
– Lonworks
– DALI
– Modbus
– KNX
– Others
· Wireless
– Zigbee
– Wi-Fi
– Bluetooth
– EnOcean
– Z-Wave
– Others
By Application
[$M shipment analysis from 2013 to 2024]:
· Safety
and Security
o
Wired (BACnet,
lonworks, DALI, modbus, KNX)
o
Wireless (Zigbee,
Wi-Fi, Bluetooth, EnOcean, and Z-wave)
· Home
Appliance
o
Wired (BACnet,
lonworks, DALI, modbus, KNX)
o
Wireless (Zigbee,
Wi-Fi, Bluetooth, EnOcean, and Z-wave)
· Entertainment
o
Wired (BACnet,
lonworks, DALI, modbus, KNX)
o
Wireless (Zigbee,
Wi-Fi, Bluetooth, EnOcean, and Z-wave)
· Lighting
o
Wired (BACnet,
lonworks, DALI, modbus, KNX)
o
Wireless (Zigbee,
Wi-Fi, Bluetooth, EnOcean, and Z-wave)
· HVAC
o
Wired (BACnet,
lonworks, DALI, modbus, KNX)
o
Wireless (Zigbee,
Wi-Fi, Bluetooth, EnOcean, and Z-wave)
· Home
Healthcare
o
Wired (BACnet,
lonworks, DALI, modbus, KNX)
o
Wireless (Zigbee,
Wi-Fi, Bluetooth, EnOcean, and Z-wave)
· Smart
Kitchen
o
Wired (BACnet,
lonworks, DALI, modbus, KNX)
o
Wireless (Zigbee,
Wi-Fi, Bluetooth, EnOcean, and Z-wave)
· Others
By Region [$M shipment analysis for 2013 – 2024]:
· North
America
– United
States
– Canada
– Mexico
· Europe
– United
Kingdom
– Germany
– France
· Asia
Pacific
– Japan
– China
– South
Korea
– India
· The
Rest of the World
This
262-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings include Telecommunication
Report, Telecommunication
Market Report, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT
Matrix.
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