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Technology Trends in the Global Smart Home MarketThe 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 [email protected]. Lucintel offerings include Telecommunication Report, Telecommunication Market Report, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT Matrix. As a community-building service, TMCnet allows user submitted content which is not always proofed by TMCnet editors. If you feel this entry is of inferior quality or wish to report it for some reason, please forward the URL to "webedit [AT] tmcnet [DOT] com" with your comments. |