The global smart home devices market size reached USD 84.52 Billion in 2021 and is expected to register a revenue CAGR of 10.4% during the forecast period, according to latest analysis by Emergen Research. The incorporation of lighting controllers with in-built data-connectivity technology is an important factor driving market revenue growth.

The Smart Home Devices Market research examines a number of competitive market factors, including recent industry-wide regulatory requirements and regulations that have been put in place. Our team of industry professionals has used a number of strong analytical tools, including Porter's Five Forces analysis and SWOT analysis, to provide a thorough overview of the worldwide Smart Home Devices market and identify the key growing trends.

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Competitive Terrain:

The global Smart Home Devices industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

The leading market contenders listed in the report are:

SAMSUNG, LG Electronics, Honeywell International Inc., Koninklijke Philips N.V, Amazon.com, Inc., Robert Bosch GmbH, Apple Inc, Panasonic Holdings Corporation, Sony Corporation

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Additional information offered by the report:

• Along with a complete overview of the global Smart Home Devices market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
• The report elaborates on the global Smart Home Devices market size and share governed by the major geographies.
• It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
• It further presents a detailed description of the company profiles of the key market contenders.

Segments Covered in this report are:

• Product Outlook (Revenue, USD Billion; 2019–2030)

  • Fire Suppression
  • Lighting Control
    1. Relays
    2. Occupancy Sensors
    3. Daylight Sensors
    4. Timers
    5. Dimmers
    6. Switches
    7. Accessories and Other Products
  • Security and Access Control
    1. Video Surveillance
    2. Hardware
    3. Software/Video Analytics
    4. Price Ranges
  • Access Control
    1. Biometric Access Control
    2. Non-Biometric Access Control
  • HVAC Control
    1. Smart Thermostats
    2. Sensors
    3. Control Valves
    4. Heating Cooling Coils
    5. Dampers
    6. Actuators
    7. Pumps Fans
    8. Smart Vents
  • Entertainment and Other Controls
    1. Entertainment Control
    2. Other Controls
  • Smart Speaker
  • Home Healthcare
    1. Health Status Monitors
    2. Physical Activity Monitors
  • Smart Kitchen
    1. Smart Refrigerators 
    2. Smart Coffee Makers
    3. Smart Kettles
    4. Smart Dish Washers
    5. Smart Ovens
    6. Smart Cooktops
    7. Smart Cookers
  • Home Appliances
    1. Smart Washers
    2. Smart Dryers
    3. Smart Water Heaters
    4. Smart Vacuum Cleaners
  • Smart Furniture
    1. Smart Tables
    2. Smart Desks
    3. Smart Stools Benches
    4. Smart Sofas
    5. Smart Chairs

• Price Range Outlook (Revenue, USD Billion; 2019–2030)

  • Below USD 25 Smart Home Device
  • USD 25-50 Smart Home Device
  • Above USD 50 Smart Home Device

• Sales Channel Outlook (Revenue, USD Billion; 2019–2030)

  • Online
  • Offline

Radical Highlights of the Smart Home Devices Market Report:

• Comprehensive overview of the Smart Home Devices market along with analysis of the changing dynamics of the market
• Growth Assessment of various market segments throughout the forecast period
• Regional and global analysis of the market players, including their market share and global position
• Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
• Impact of the technological developments and RD advancements on the Smart Home Devices market
• Information about profit-making strategies and developmental strategies of major companies and manufacturers
• Insightful information for the new entrants willing to enter the market
• Details and insights about business expansion strategies, product launches, and other collaborations
• The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis

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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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