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    Smart Home Market

    Smart Home Market Size, Share, Forecast, & Trends Analysis by Product Type (Smart Lightning Systems, Smart Speakers, Smart Security & Monitoring Systems, Smart Home Appliances), Protocol & Standard (Wireless Protocols, Wired Protocols, Hybrid Protocols), and Geography - Global Forecast to 2031

    Report ID:MRICT - 104329 Pages: 250 Jul-2024 Formats*: PDF Category: Information and Communications Technology Delivery: 24 to 48 Hours

    The smart home market was valued at $133.8 billion in 2023. This market is expected to reach $354.9 billion by 2031 from an estimated $146.6 billion in 2024, at a CAGR of 13.5% during the forecast period 2024-2031.

    Smart Home Market Size & Forecast

    The growth of this market is attributed to the rising sense of home safety & security, the wider proliferation of the Internet of Things (IoT), and the need for better energy efficiency. Moreover, the significant growth opportunities in emerging Asia-Pacific and the Middle East & Africa and the need for complete flexibility & customization for consumers are expected to offer growth opportunities for the players operating in this market.

    Smart Home Market Growth Drivers

    Rising Sense of Home Safety and Security Supports the Growth of Smart Home Market

    Physical safety and security have become one of the major concerns in the global real estate industry. Homeowners today are increasingly concerned about their families' and possessions' safety and security. This is largely driven by the large number of thefts and burglaries and the effectiveness of home security systems in curtailing these to a large extent. For instance, in 2021, 619,811 burglary cases were recorded in the U.S. However, cases have steadily declined, and security systems are crucial in bringing down those numbers. In the U.S., four out of ten consumers are willing to adopt smart home systems to prioritize making their home more secure. Besides security systems, smart safety devices, including motion sensors, fire & smoke sensors, and leak detectors, among others, are also some of the key products adopted from the safety point of view.

    Government bodies and several organizations are also focusing on offering various smart devices for consumer protection and security. For instance, in February 2022, Thales Group (France) launched its new IoT connectivity solution with improved reliability and security for smart grids and connected home appliances. Consequently, the growing sense of home safety and security is driving the adoption of smart security and safety devices, thereby contributing to the growth of the overall smart home market.

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    Wider Proliferation of Internet of Things (IoT) Drives the Growth of Smart Home Market

    Over the past decade, the power of the internet has projected its power beyond computers and smartphones and has made a huge impact across various sectors. IoT devices have become one of the prominent global economic drivers changing diverse sectors, including healthcare, industrial, commercial, and residential. According to a report published by the U.K. government's chief scientific adviser, the growth of the IoT industry is majorly attributed to the availability of inexpensive semiconductors, wider network availability, boosted capacity, and technological advancement in data management and storage.

    While IoT is revolutionizing the industrial sectors, its application and impact on the commercial and residential sectors is seen in the form of greater deployment of smart home systems. Several organizations are providing smart technologies integrated with IoT devices for home applications. For instance, in July 2021, China Mobile International Limited (China) launched a smart home IoT management platform to provide consumers with one-stop access to IoT hardware and standardized end-to-end applications with unified connectivity and provide a digital lifestyle across Europe. Thus, as new applications of IoT are developed for smart home systems, their adoption is slated to grow over the coming years, thereby driving the market growth.

    Smart Home Market Opportunity

    Need for Complete Flexibility & Customization for Consumers Offer Growth Opportunities in the Global Smart Home Market

    Smart home technology encompasses a variety of devices, applications, services, and interfaces, among others. All these smart home products are designed and developed with a view to appeal to a mass market. However, barring a few categories of smart devices, such as smart safety & security devices, individual consumers have individual user preferences for smart home applications and devices. This has been one of the challenges for smart home device manufacturers failing to attract individual consumers. The pre-ordered package solution provided by a single brand could not gratify the unique needs of every single consumer. This indeed opens a world of opportunity for the smart home device providers to offer an open platform capable of hosting all third-party systems and devices. This will give complete freedom to the users to customize their smart home ecosystem according to personal requirements.

    Many of the leading smart home device providers have already started to collaborate with other companies to provide complete personalization and customization to customers. For instance, devices such as Amazon Echo of Amazon Web Services, Inc. (U.S.) and Google Home of Google LLC (U.S.) work on the platform, which is compatible with several other home automation systems such as Phillips Hue lightbulbs and Belkin’s WeMo product line. Similarly, several smart TV manufacturers are introducing their products as the main control hub to control other smart devices seamlessly. Although achieving absolute customization is challenging in the present time, companies are cooperating to offer a maximum degree of personalization and customization to consumers. Such factors are providing opportunities for smart home device providers to support market growth.

    Smart Home Market Analysis: Key Findings

    By Product Type: In 2024, the Smart Security & Monitoring Systems Segment to Dominate the Smart Home Market

    Based on product type, the global smart home market is segmented into smart lighting systems, smart speakers, smart HVAC control, smart security & monitoring systems, smart entertainment systems, smart home appliances, smart kitchen appliances, smart home healthcare systems, and smart furniture. In 2024, the smart security & monitoring systems segment is expected to account for the largest share of over 23% of the global smart home market. The large market share of this segment is attributed to the rising sense of home safety and security. The smart security systems industry is evolving with technological developments, leading to the availability of systems with better security features and improved performance. In March 2023, Google LLC (U.S.) and ADT (U.S.) launched a smart home security system to offer internet-connected security features with their existing smart home ecosystem for consumers. As smartphones and the Internet have gained wider penetration, the security and monitoring systems industry immediately leveraged this and integrated connectivity and remote access into the systems. This ensures that the benefits of these systems are realized without compromising individual rights and privacy.

    However, the smart speakers segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by the increasing consumer preference for technologically advanced products, the increasing demand for display-based smart speaker devices, and the growing demand for voice-activated devices.

    By Protocol & Standard: In 2024, the Wired Protocols Segment to Dominate the Smart Home Market

    Based on protocol & standard, the global smart home market is segmented into wireless protocols, wired protocols, and hybrid protocols. In 2024, the wired protocols segment is expected to account for the largest share of over 47% of the global smart home market. The large market share of this segment is attributed to the rising need to attain better energy efficiency and changing consumers' preference for stable and reliable wired standards for home automation systems. Wired protocols are crucial in establishing reliable and secure communication within smart home systems. They involve using physical cables to transmit data and signals between devices and components. Ethernet is a well-established wired networking protocol for local area networks (LANs). It provides high-speed data transmission and is commonly used for connecting devices that require fast and reliable internet connectivity, such as smart TVs, computers, and networked security cameras.

    However, the hybrid protocols segment is projected to register the highest CAGR during the period. Hybrid protocols use the capabilities of both wired and wireless protocols and combine them to achieve better outcome. The network is segmented into zones and uses diverse protocols in two different zones such that one protocol is used within the zone and the other is used among them. It offers several advantages over conventional wired, wireless, and hybrid protocols such as C-Bus. It does not interfere with existing Wi-Fi networks and can easily be incorporated with smart devices. The limit to connect smart devices is quite large and can work through power lines, hence eliminating the need for routers. It also offers the flexibility of wireless protocols and the reliability of wired protocols, increasingly drawing consumers' attention.

    Geographical Analysis

    In 2024, North America is Expected to Dominate the Smart home Market

    In 2024, North America is expected to account for the largest share of over 36% of the global smart home market. The market growth in North America is driven by the availability of smart appliances and systems in the region, greater adoption of advanced technologies, growing sense of safety and security among consumers, growing need for energy-efficient products and systems, innovation in the field of IoT devices, and presence of major players in this region.

    However, Asia-Pacific is projected to record the highest CAGR of over 16.9% during the forecast period. The region’s growth is attributed to the growing number of young and tech-savvy population, increasing disposable income, increasing government initiatives for the adoption of smart devices, and significant growth opportunities in emerging countries of Asia-Pacific.

    Smart Home Market: Key Companies

    The report offers a competitive analysis based on an extensive assessment of the leading players’ product portfolios, geographic presence, and key growth strategies adopted in the last three to four years. Some of the key players operating in the Smart home market are Google LLC (U.S.), Apple, Inc. (U.S.), Amazon.com, Inc. (U.S.), Siemens AG (Germany), United Technologies Corporation (U.S.), Samsung Electronics Co., Ltd. (South Korea), Honeywell International, Inc. (U.S.), Johnson Controls International plc (Ireland), Schneider Electric SE (France), LG Electronics, Inc. (South Korea), Robert Bosch GmbH (Germany), ABB Ltd. (Switzerland), ASSA ABLOY AB (Sweden), General Electric Company (U.S.), Legrand SA (France), and Sony Corporation (Japan).

    Smart Home Industry Overview: Latest Developments from Key Industry Players

    • In November 2023, Inter IKEA Systems B.V. (Netherlands) launched three new smart home Zigbee sensors, Vallhorn, Parasoll, and Badring, for water leakage and motion detection. These sensors will provide customers with a greater sense of control and comfort, allowing them to stay connected to home devices.

    • In June 2021, ProKNX (France) launched an offline multilingual voice-controlled system for smart home. This system performs all the functions of traditional home automation assistants while prioritizing user privacy. The ProKNX plug-and-play smart speaker operates locally via Wi-Fi, allowing users to control lights, blinds, heating, Sonos speakers, and smart televisions using natural voice commands without recording or storing user data.

    Smart Home Market Research Summary

    Particulars

    Details

    Number of Pages

    250

    Format

    PDF

    Forecast Period

    2024–2031

    Base Year

    2023

    CAGR (Value)

    13.5%

    Market Size (Value)

    USD 354.9 Billion by 2031

    Segments Covered

    By Product Type

    • Smart Lightning Systems
    • Smart Speakers
    • Smart HVAC Control
      • Smart Thermostats
      • Smart Vents
      • Smart Air Conditioning
    • Smart Security & Monitoring Systems
      • Security Cameras
      • Interface
      • Smart Locks & Access Control
    • Smart Entertainment Systems
    • Smart Home Appliances
    • Smart Kitchen Appliances
      • Smart Refrigerators
      • Smart Coffee Makers
      • Smart Dishwashers
      • Smart Ovens
    • Smart Home Healthcare Systems
    • Smart Furniture
      • Smart Sofas and Recliners
      • Smart Tables & Desks

    By Protocol & Standard

    • Wireless Protocols
      • ZigBee
      • Wi-Fi
      • Bluetooth
      • Z-Wave
      • Thread
      • Enocean
    • Wired Protocols
      • KNX
      • UPB
      • X10
      • BACNET
      • LONWORKS
      • DALI
      • MODBUS
      • ETHERNET
    • Hybrid Protocols
      • Insteon
      • C-bus

    Countries Covered

    North America (U.S., Canada), Europe (Germany, U.K., France, Italy, Spain, Rest of Europe), Asia-Pacific (Japan, China, India, South Korea, Rest of Asia-Pacific), Latin America, and the Middle East & Africa

    Key Companies

    Google LLC (U.S.), Apple, Inc. (U.S.), Amazon.com, Inc. (U.S.), Siemens AG (Germany), United Technologies Corporation (U.S.), Samsung Electronics Co., Ltd. (South Korea), Honeywell International, Inc. (U.S.), Johnson Controls International plc (Ireland), Schneider Electric SE (France), LG Electronics, Inc. (South Korea), Robert Bosch GmbH (Germany), ABB Ltd. (Switzerland), ASSA ABLOY AB (Sweden), General Electric Company (U.S.), Legrand SA (France), and Sony Corporation (Japan)

    Key questions answered in the smart home market report:

    The smart home market study focuses on market assessment and opportunity analysis through the sales of smart home solutions across different regions and countries across different market segmentations. This study is also focused on competitive analysis for smart homes based on an extensive assessment of the leading players’ product portfolios, geographic presence, and key growth strategies.

    The global smart home market is projected to reach $354.9 billion by 2031, at a CAGR of 13.5% during the forecast period.

    In 2024, the smart security & monitoring systems segment is expected to account for the largest share of over 23% of the smart home market.

    Based on protocol & standard, the hybrid protocols segment is projected to register the highest CAGR during the forecast period.

    The growth of this market is attributed to the rising sense of home safety and security, the wider proliferation of the Internet of Things (IoT), and the need for better energy efficiency. Moreover, the significant growth opportunities in the emerging countries of Asia-Pacific and Middle East & Africa and the need for complete flexibility and customization for consumers are expected to offer growth opportunities for the players operating in this market.

    The key players operating in the global smart home market are Google LLC (U.S.), Apple, Inc. (U.S.), Amazon.com, Inc. (U.S.), Siemens AG (Germany), United Technologies Corporation (U.S.), Samsung Electronics Co., Ltd. (South Korea), Honeywell International, Inc. (U.S.), Johnson Controls International plc (Ireland), Schneider Electric SE (France), LG Electronics, Inc. (South Korea), Robert Bosch GmbH (Germany), ABB Ltd. (Switzerland), ASSA ABLOY AB (Sweden), General Electric Company (U.S.), Legrand SA (France), and Sony Corporation (Japan).

    Asia-Pacific is projected to register the highest CAGR of over 16.9% during the forecast period.

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    Related Tag: Smart Home Market Home Automation Smart Home Devices Home Automation Systems Smart Devices Smart Living
    Smart Technologies
    Information and Communications Technology

    1.  Market Definition & Scope
       1.1.  Market Definition
       1.2.  Currency & Limitations
          1.2.1.  Currency
          1.2.2.  Limitations
    2.  Research Methodology
       2.1.  Research Approach
       2.2.  Data Collection & Validation Process
          2.2.1.  Secondary Research
          2.2.2.  Primary Research/Interviews with Key Opinion Leaders from the Industry
    3.  Executive Summary
       3.1.  Overview
       3.2.  Market Analysis, By Product Type
       3.3.  Market Analysis, By Protocols & Standards
       3.4.  Market Analysis, By Geography
       3.5.  Competitive Analysis
    4.  Market Insights
       4.1.  Overview
       4.2.  Factors Affecting Market Growth
          4.2.1.  Drivers
             4.2.1.1.  Rising Sense of Home Safety and Security
             4.2.1.2.  Wide Proliferation of Internet-of-Things (IoT)
             4.2.1.3.  Need for Attaining Better Energy Efficiency
          4.2.2.  Restraints
             4.2.2.1.  Consumer Reluctance Toward Technology Adoption
             4.2.2.2.  High Cost of Procurement
          4.2.3.  Opportunities
             4.2.3.1.  Significant Growth Opportunities in the Emerging Regions of Asia-Pacific and Middle East & Africa
             4.2.3.2.  Need for Complete Flexibility & Customization for Consumers
          4.2.4.  Challenges
             4.2.4.1.  Data Privacy and Security Concerns
             4.2.4.2.  Compatibility Concerns with Old Infrastructure
       4.3.  Market Trends
       4.4.  Case Studies 
       4.5.  Porter’s Five Forces Analysis
          4.5.1.  Bargaining Power of Buyers 
          4.5.2.  Bargaining Power of Suppliers 
          4.5.3.  Threat of Substitutes 
          4.5.4.  Threat of New Entrants 
          4.5.5.  Degree of Competition
    5.  Smart Home Market Assessment—by Product Type
       5.1.  Overview
       5.2.  Smart Lightning Systems
       5.3.  Smart Speakers
       5.4.  Smart HVAC Control
          5.4.1.  Smart Thermostats
          5.4.2.  Smart Vents
          5.4.3.  Smart Air Conditioning
       5.5.  Smart Security & Monitoring Systems
          5.5.1.  Security Cameras
          5.5.2.  Interface
          5.5.3.  Smart Locks & Access Control
       5.6.  Smart Entertainment Systems
       5.7.  Smart Home Appliances
          5.7.1.  Smart Washing Machines
          5.7.2.  Smart Water Heaters
          5.7.3.  Robotic Vacuum Cleaners
       5.8.  Smart Kitchen Appliances
          5.8.1.  Smart Refrigerators
          5.8.2.  Smart Coffee Makers
          5.8.3.  Smart Dishwashers
          5.8.4.  Smart Ovens
       5.9.  Smart Home Healthcare Systems
       5.10.  Smart Furniture
          5.10.1.  Smart Sofas and Recliners
          5.10.2.  Smart Tables & Desks
    6.  Smart Home Market Assessment—by Protocols & Standards
       6.1.  Overview
       6.2.  Wireless Protocols
          6.2.1.  ZigBee
          6.2.2.  Wi-Fi
          6.2.3.  Bluetooth
          6.2.4.  Z-Wave
          6.2.5.  Thread
          6.2.6.  Enocean
       6.3.  Wired Protocols
          6.3.1.  KNX
          6.3.2.  UPB
          6.3.3.  X10
          6.3.4.  BACNET
          6.3.5.  LONWORKS
          6.3.6.  DALI
          6.3.7.  MODBUS
          6.3.8.  ETHERNET
       6.4.  Hybrid Protocols
          6.4.1.  Insteon
          6.4.2.  C-Bus
    7.  Smart Home Market—by Geography
       7.1.  Overview
       7.2.  North America
          7.2.1.  U.S.
          7.2.2.  Canada
       7.3.  Europe
          7.3.1.  Germany
          7.3.2.  U.K.
          7.3.3.  France
          7.3.4.  Italy
          7.3.5.  Spain
          7.3.6.  Rest of Europe
       7.4.  Asia-Pacific
          7.4.1.  Japan
          7.4.2.  China
          7.4.3.  India
          7.4.4.  South Korea
          7.4.5.  Rest of Asia-Pacific
       7.5.  Latin America
       7.6.  Middle East & Africa
    8.  Competition Analysis
       8.1.  Overview
       8.2.  Key Growth Strategies
       8.3.  Competitive Benchmarking
       8.4.  Competitive Dashboard
          8.4.1.  Industry Leaders
          8.4.2.  Market Differentiators
          8.4.3.  Vanguards
          8.4.4.  Emerging Companies
       8.5.  Market Share Analysis
    9.  Company Profiles
       9.1.  Google LLC
       9.2.  Apple, Inc.
       9.3.  Amazon.com, Inc.
       9.4.  Siemens AG
       9.5.  Samsung Electronics Co., Ltd.
       9.6.  Honeywell International, Inc.
       9.7.  Johnson Controls International plc
       9.8.  Schneider Electric SE
       9.9.  LG Electronics, Inc.
       9.10.  Robert Bosch GmbH
       9.11.  ABB Ltd.
       9.12.  ASSA ABLOY AB
       9.13.  General Electric Company
       9.14.  Legrand SA
       9.15.  United Technologies Corporation
       9.16.  Sony Corporation
                 (Note: SWOT Analysis of the Top 5 Companies Will Be Provided)
    10.  Appendix
       10.1.  Available Customization
       10.2.  Related Reports

    List of Tables
    Table 1        Global Smart Home Market, by Product Type, 2022–2031 (USD Million)
    Table 2        Global Smart Lighting Systems Market, by Country/Region, 2022–2031 (USD Million)
    Table 3        Global Smart Speakers Market, by Country/Region, 2022–2031 (USD Million)
    Table 4        Global Smart HVAC Control Market, by Type, 2022–2031 (USD Million)
    Table 5        Global Smart HVAC Control Market, by Country/Region, 2022–2031 (USD Million)
    Table 6        Global Smart Thermostats Market, by Country/Region, 2022–2031 (USD Million)
    Table 7        Global Smart Vents Market, by Country/Region, 2022–2031 (USD Million)
    Table 8        Global Smart Air Conditioning Market, by Country/Region, 2022–2031 (USD Million)
    Table 9        Global Smart Security & Monitoring Systems Market, by Type, 2022–2031 (USD Million)
    Table 10        Global Smart Security & Monitoring Systems Market, by Country/Region, 2022–2031 (USD Million)
    Table 11        Global Security Cameras Market, by Country/Region, 2022–2031 (USD Million)    
    Table 12        Global Interface Market, by Country/Region, 2022–2031 (USD Million)    
    Table 13        Global Smart Locks & Access Control Market, by Country/Region, 2022–2031 (USD Million)    
    Table 14        Global Smart Entertainment Systems Market, by Country/Region, 2022–2031 (USD Million)    
    Table 15        Global Smart Home Appliances Market, by Type, 2022–2031 (USD Million)    
    Table 16        Global Smart Home Appliances Market, by Country/Region, 2022–2031 (USD Million)    
    Table 17        Global Smart Washing Machines Market, by Country/Region, 2022–2031 (USD Million)    
    Table 18        Global Smart Water Heaters Market, by Country/Region, 2022–2031 (USD Million)    
    Table 19        Global Robotic Vacuum Cleaners Market, by Country/Region, 2022–2031 (USD Million)    
    Table 20        Global Smart Kitchen Appliances Market, by Type, 2022–2031 (USD Million)    
    Table 21        Global Smart Kitchen Appliances Market, by Country/Region, 2022–2031 (USD Million)    
    Table 22        Global Smart Refrigerators Market, by Country/Region, 2022–2031 (USD Million)    
    Table 23        Global Smart Coffee Makers Market, by Country/Region, 2022–2031 (USD Million)    
    Table 24        Global Smart Dishwashers Market, by Country/Region, 2022–2031 (USD Million)    
    Table 25        Global Smart Ovens Market, by Country/Region, 2022–2031 (USD Million)    
    Table 26        Global Smart Home Healthcare Systems Market, by Country/Region, 2022–2031 (USD Million)
    Table 27        Global Smart Furniture Market, by Type, 2022–2031 (USD Million)    
    Table 28        Global Smart Furniture Market, by Country/Region, 2022–2031 (USD Million)    
    Table 29        Global Smart Sofas and Recliners Market, by Country/Region, 2022–2031 (USD Million)    
    Table 30        Global Smart Tables & Desks Market, by Country/Region, 2022–2031 (USD Million)    
    Table 31        Global Smart Home Market, by Protocol & Standard, 2022–2031 (USD Million)    
    Table 32        Global Wireless Protocol-enabled Smart Home Market, by Type, 2022–2031(USD Million)    
    Table 33        Global Wireless Protocol-enabled Smart Home Market, by Country/Region, 2022–2031 (USD Million)    
    Table 34        Global ZigBee Enabled Smart Home Market, by Country/Region, 2022–2031(USD Million)    
    Table 35        Global Wi-Fi Enabled Smart Home Market, by Country/Region, 2022–2031(USD Million)    
    Table 36        Global Bluetooth Enabled Smart Home Market, by Country/Region, 2022–2031(USD Million)
    Table 37        Global Z-wave Enabled Smart Home Market, by Country/Region, 2022–2031(USD Million)    
    Table 38        Global Thread Enabled Smart Home Market, by Country/Region, 2022–2031(USD Million)    
    Table 39        Global Enocean-enabled Smart Home Market, by Country/Region, 2022–2031(USD Million)
    Table 40        Global Wired Protocol-enabled Smart Home Market, by Type, 2022–2031(USD Million)    
    Table 41        Global Wired Protocol-enabled Smart Home Market, by Country/Region, 2022–2031(USD Million)
    Table 42        Global KNX-enabled Smart Home Market, by Country/Region, 2022–2031(USD Million)    
    Table 43        Global UPB-enabled Smart Home Market, by Country/Region, 2022–2031(USD Million)    
    Table 44        Global X10-enabled Smart Home Market, by Country/Region, 2022–2031(USD Million)    
    Table 45        Global BACNET-enabled Smart Home Market, by Country/Region, 2022–2031(USD Million)
    Table 46        Global LONWORKS-enabled Smart Home Market, by Country/Region, 2022–2031(USD Million)
    Table 47        Global DALI-enabled Smart Home Market, by Country/Region, 2022–2031(USD Million)    
    Table 48        Global MODBUS-enabled Smart Home Market, by Country/Region, 2022–2031(USD Million)
    Table 49        Global ETHERNET-enabled Smart Home Market, by Country/Region, 2022–2031(USD Million)
    Table 50        Global Hybrid Protocol-enabled Smart Home Market, by Type, 2022–2031(USD Million)    
    Table 51        Global Hybrid Protocol-enabled Smart Home Market, by Country/Region, 2022–2031(USD Million)    
    Table 52        Global Insteon-enabled Smart Home Market, by Country/Region, 2022–2031(USD Million)    
    Table 53        Global C-BUS-enabled Smart Home Market, by Country/Region, 2022–2031(USD Million)    
    Table 54        Global: Smart Home Market, by Country/Region, 2022–2031 (USD Million)    
    Table 55        North America: Smart Home Market, by Country, 2022–2031 (USD Million)    
    Table 56        North America: Smart Home Market, by Product Type, 2022–2031 (USD Million)    
    Table 57        North America: Smart HVAC Control Market, by Type, 2022–2031 (USD Million)    
    Table 58        North America: Smart Security & Monitoring Systems Market, by Type, 2022–2031 (USD Million)
    Table 59        North America: Smart Home Appliances Market, by Type, 2022–2031 (USD Million)    
    Table 60        North America: Smart Kitchen Appliances Market, by Type, 2022–2031 (USD Million)    
    Table 61        North America: Smart Furniture Market, by Type, 2022–2031 (USD Million)    
    Table 62        North America: Smart Home Market, by Protocol & Standard, 2022–2031 (USD Million)    
    Table 63        North America: Wireless Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)    
    Table 64        North America: Wired Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
    Table 65        North America: Hybrid Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
    Table 66        U.S.: Smart Home Market, by Product Type, 2022–2031 (USD Million)    
    Table 67        U.S.: Smart HVAC Control Market, by Type, 2022–2031 (USD Million)    
    Table 68        U.S.: Smart Security & Monitoring Systems Market, by Type, 2022–2031 (USD Million)    
    Table 69        U.S.: Smart Home Appliances Market, by Type, 2022–2031 (USD Million)    
    Table 70        U.S.: Smart Kitchen Appliances Market, by Type, 2022–2031 (USD Million)    
    Table 71        U.S.: Smart Furniture Market, by Type, 2022–2031 (USD Million)    
    Table 72        U.S.: Smart Home Market, by Protocol & Standard, 2022–2031 (USD Million)    
    Table 73        U.S.: Wireless Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)    
    Table 74        U.S.: Wired Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)    
    Table 75        U.S.: Hybrid Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)    
    Table 76        Canada: Smart Home Market, by Product Type, 2022–2031 (USD Million)    
    Table 77        Canada: Smart HVAC Control Market, by Type, 2022–2031 (USD Million)    
    Table 78        Canada: Smart Security & Monitoring Systems Market, by Type, 2022–2031 (USD Million)    
    Table 79        Canada: Smart Home Appliances Market, by Type, 2022–2031 (USD Million)    
    Table 80        Canada: Smart Kitchen Appliances Market, by Type, 2022–2031 (USD Million)    
    Table 81        Canada: Smart Furniture Market, by Type, 2022–2031 (USD Million)    
    Table 82        Canada: Smart Home Market, by Protocol & Standard, 2022–2031 (USD Million)    
    Table 83        Canada: Wireless Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
    Table 84        Canada: Wired Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)    
    Table 85        Canada: Hybrid Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)    
    Table 86        Europe: Smart Home Market, by Country/Region, 2022–2031 (USD Million)    
    Table 87        Europe: Smart Home Market, by Product Type, 2022–2031 (USD Million)    
    Table 88        Europe: Smart HVAC Control Market, by Type, 2022–2031 (USD Million)    
    Table 89        Europe: Smart Security & Monitoring Systems Market, by Type, 2022–2031 (USD Million)    
    Table 90        Europe: Smart Home Appliances Market, by Type, 2022–2031 (USD Million)    
    Table 91        Europe: Smart Kitchen Appliances Market, by Type, 2022–2031 (USD Million)    
    Table 92        Europe: Smart Furniture Market, by Type, 2022–2031 (USD Million)    
    Table 93        Europe: Smart Home Market, by Protocol & Standard, 2022–2031 (USD Million)    
    Table 94        Europe: Wireless Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)    
    Table 95        Europe: Wired Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)    
    Table 96        Europe: Hybrid Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)    
    Table 97        Germany: Smart Home Market, by Product Type, 2022–2031 (USD Million)    
    Table 98        Germany: Smart HVAC Control Market, by Type, 2022–2031 (USD Million)    
    Table 99        Germany: Smart Security & Monitoring Systems Market, by Type, 2022–2031 (USD Million)    
    Table 100    Germany: Smart Home Appliances Market, by Type, 2022–2031 (USD Million)    
    Table 101    Germany: Smart Kitchen Appliances Market, by Type, 2022–2031 (USD Million)    
    Table 102    Germany: Smart Furniture Market, by Type, 2022–2031 (USD Million)    
    Table 103    Germany: Smart Home Market, by Protocol & Standard, 2022–2031 (USD Million)    
    Table 104    Germany: Wireless Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
    Table 105    Germany: Wired Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)    
    Table 106    Germany: Hybrid Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
    Table 107    U.K.: Smart Home Market, by Product Type, 2022–2031 (USD Million)    
    Table 108    U.K.: Smart HVAC Control Market, by Type, 2022–2031 (USD Million)    
    Table 109    U.K.: Smart Security & Monitoring Systems Market, by Type, 2022–2031 (USD Million)    
    Table 110    U.K.: Smart Home Appliances Market, by Type, 2022–2031 (USD Million)    
    Table 111    U.K.: Smart Kitchen Appliances Market, by Type, 2022–2031 (USD Million)    
    Table 112    U.K.: Smart Furniture Market, by Type, 2022–2031 (USD Million)    
    Table 113    U.K.: Smart Home Market, by Protocol & Standard, 2022–2031 (USD Million)    
    Table 114    U.K.: Wireless Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)    
    Table 115    U.K.: Wired Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)    
    Table 116    U.K.: Hybrid Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)    
    Table 117    France: Smart Home Market, by Product Type, 2022–2031 (USD Million)    
    Table 118    France: Smart HVAC Control Market, by Type, 2022–2031 (USD Million)    
    Table 119    France: Smart Security & Monitoring Systems Market, by Type, 2022–2031 (USD Million)    
    Table 120    France: Smart Home Appliances Market, by Type, 2022–2031 (USD Million)    
    Table 121    France: Smart Kitchen Appliances Market, by Type, 2022–2031 (USD Million)    
    Table 122    France: Smart Furniture Market, by Type, 2022–2031 (USD Million)    
    Table 123    France: Smart Home Market, by Protocol & Standard, 2022–2031 (USD Million)    
    Table 124    France: Wireless Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)    
    Table 125    France: Wired Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)    
    Table 126    France: Hybrid Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)    
    Table 127    Italy: Smart Home Market, by Product Type, 2022–2031 (USD Million)    
    Table 128    Italy: Smart HVAC Control Market, by Type, 2022–2031 (USD Million)    
    Table 129    Italy: Smart Security & Monitoring Systems Market, by Type, 2022–2031 (USD Million)    
    Table 130    Italy: Smart Home Appliances Market, by Type, 2022–2031 (USD Million)    
    Table 131    Italy: Smart Kitchen Appliances Market, by Type, 2022–2031 (USD Million)    
    Table 132    Italy: Smart Furniture Market, by Type, 2022–2031 (USD Million)    
    Table 133    Italy: Smart Home Market, by Protocol & Standard, 2022–2031 (USD Million)    
    Table 134    Italy: Wireless Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)    
    Table 135    Italy: Wired Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)    
    Table 136    Italy: Hybrid Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)    
    Table 137    Spain: Smart Home Market, by Product Type, 2022–2031 (USD Million)    
    Table 138    Spain: Smart HVAC Control Market, by Type, 2022–2031 (USD Million)    
    Table 139    Spain: Smart Security & Monitoring Systems Market, by Type, 2022–2031 (USD Million)    
    Table 140    Spain: Smart Home Appliances Market, by Type, 2022–2031 (USD Million)    
    Table 141    Spain: Smart Kitchen Appliances Market, by Type, 2022–2031 (USD Million)    
    Table 142    Spain: Smart Furniture Market, by Type, 2022–2031 (USD Million)    
    Table 143    Spain: Smart Home Market, by Protocol & Standard, 2022–2031 (USD Million)    
    Table 144    Spain: Wireless Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)    
    Table 145    Spain: Wired Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)    
    Table 146    Spain: Hybrid Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)    
    Table 147    Rest of Europe: Smart Home Market, by Product Type, 2022–2031 (USD Million)    
    Table 148    Rest of Europe: Smart HVAC Control Market, by Type, 2022–2031 (USD Million)    
    Table 149    Rest of Europe: Smart Security & Monitoring Systems Market, by Type, 2022–2031 (USD Million)
    Table 150    Rest of Europe: Smart Home Appliances Market, by Type, 2022–2031 (USD Million)    
    Table 151    Rest of Europe: Smart Kitchen Appliances Market, by Type, 2022–2031 (USD Million)    
    Table 152    Rest of Europe: Smart Furniture Market, by Type, 2022–2031 (USD Million)    
    Table 153    Rest of Europe: Smart Home Market, by Protocol & Standard, 2022–2031 (USD Million)    
    Table 154    Rest of Europe: Wireless Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)    
    Table 155    Rest of Europe: Wired Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
    Table 156    Rest of Europe: Hybrid Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
    Table 157    Asia-Pacific: Smart Home Market, by Country/Region, 2022–2031 (USD Million)    
    Table 158    Asia-Pacific: Smart Home Market, by Product Type, 2022–2031 (USD Million)    
    Table 159    Asia-Pacific: Smart HVAC Control Market, by Type, 2022–2031 (USD Million)    
    Table 160    Asia-Pacific: Smart Security & Monitoring Systems Market, by Type, 2022–2031 (USD Million)
    Table 161    Asia-Pacific: Smart Home Appliances Market, by Type, 2022–2031 (USD Million)    
    Table 162    Asia-Pacific: Smart Kitchen Appliances Market, by Type, 2022–2031 (USD Million)    
    Table 163    Asia-Pacific: Smart Furniture Market, by Type, 2022–2031 (USD Million)    
    Table 164    Asia-Pacific: Smart Home Market, by Protocol & Standard, 2022–2031 (USD Million)    
    Table 165    Asia-Pacific: Wireless Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
    Table 166    Asia-Pacific: Wired Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
    Table 167    Asia-Pacific: Hybrid Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
    Table 168    Japan: Smart Home Market, by Product Type, 2022–2031 (USD Million)    
    Table 169    Japan: Smart HVAC Control Market, by Type, 2022–2031 (USD Million)    
    Table 170    Japan: Smart Security & Monitoring Systems Market, by Type, 2022–2031 (USD Million)    
    Table 171    Japan: Smart Home Appliances Market, by Type, 2022–2031 (USD Million)    
    Table 172    Japan: Smart Kitchen Appliances Market, by Type, 2022–2031 (USD Million)    
    Table 173    Japan: Smart Furniture Market, by Type, 2022–2031 (USD Million)    
    Table 174    Japan: Smart Home Market, by Protocol & Standard, 2022–2031 (USD Million)    
    Table 175    Japan: Wireless Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)    
    Table 176    Japan: Wired Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)    
    Table 177    Japan: Hybrid Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)    
    Table 178    China: Smart Home Market, by Product Type, 2022–2031 (USD Million)    
    Table 179    China: Smart HVAC Control Market, by Type, 2022–2031 (USD Million)    
    Table 180    China: Smart Security & Monitoring Systems Market, by Type, 2022–2031 (USD Million)    
    Table 181    China: Smart Home Appliances Market, by Type, 2022–2031 (USD Million)    
    Table 182    China: Smart Kitchen Appliances Market, by Type, 2022–2031 (USD Million)    
    Table 183    China: Smart Furniture Market, by Type, 2022–2031 (USD Million)    
    Table 184    China: Smart Home Market, by Protocol & Standard, 2022–2031 (USD Million)    
    Table 185    China: Wireless Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)    
    Table 186    China: Wired Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)    
    Table 187    China: Hybrid Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)    
    Table 188    India: Smart Home Market, by Product Type, 2022–2031 (USD Million)    
    Table 189    India: Smart HVAC Control Market, by Type, 2022–2031 (USD Million)    
    Table 190    India: Smart Security & Monitoring Systems Market, by Type, 2022–2031 (USD Million)    
    Table 191    India: Smart Home Appliances Market, by Type, 2022–2031 (USD Million)    
    Table 192    India: Smart Kitchen Appliances Market, by Type, 2022–2031 (USD Million)    
    Table 193    India: Smart Furniture Market, by Type, 2022–2031 (USD Million)    
    Table 194    India: Smart Home Market, by Protocol & Standard, 2022–2031 (USD Million)    
    Table 195    India: Wireless Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)    
    Table 196    India: Wired Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)    
    Table 197    India: Hybrid Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)    
    Table 198    South Korea: Smart Home Market, by Product Type, 2022–2031 (USD Million)    
    Table 199    South Korea: Smart HVAC Control Market, by Type, 2022–2031 (USD Million)    
    Table 200    South Korea: Smart Security & Monitoring Systems Market, by Type, 2022–2031 (USD Million)
    Table 201    South Korea: Smart Home Appliances Market, by Type, 2022–2031 (USD Million)    
    Table 202    South Korea: Smart Kitchen Appliances Market, by Type, 2022–2031 (USD Million)    
    Table 203    South Korea: Smart Furniture Market, by Type, 2022–2031 (USD Million)    
    Table 204    South Korea: Smart Home Market, by Protocol & Standard, 2022–2031 (USD Million)    
    Table 205    South Korea: Wireless Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
    Table 206    South Korea: Wired Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
    Table 207    South Korea: Hybrid Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
    Table 208    Rest of Asia-Pacific: Smart Home Market, by Product Type, 2022–2031 (USD Million)    
    Table 209    Rest of Asia-Pacific: Smart HVAC Control Market, by Type, 2022–2031 (USD Million)    
    Table 210    Rest of Asia-Pacific: Smart Security & Monitoring Systems Market, by Type, 2022–2031 (USD Million)    
    Table 211    Rest of Asia-Pacific: Smart Home Appliances Market, by Type, 2022–2031 (USD Million)    
    Table 212    Rest of Asia-Pacific: Smart Kitchen Appliances Market, by Type, 2022–2031 (USD Million)    
    Table 213    Rest of Asia-Pacific: Smart Furniture Market, by Type, 2022–2031 (USD Million)    
    Table 214    Rest of Asia-Pacific: Smart Home Market, by Protocol & Standard, 2022–2031 (USD Million)
    Table 215    Rest of Asia-Pacific: Wireless Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)    
    Table 216    Rest of Asia-Pacific: Wired Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)    
    Table 217    Rest of Asia-Pacific: Hybrid Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)    
    Table 218    Latin America: Smart Home Market, by Product Type, 2022–2031 (USD Million)    
    Table 219    Latin America: Smart HVAC Control Market, by Type, 2022–2031 (USD Million)    
    Table 220    Latin America: Smart Security & Monitoring Systems Market, by Type, 2022–2031 (USD Million)
    Table 221    Latin America: Smart Home Appliances Market, by Type, 2022–2031 (USD Million)    
    Table 222    Latin America: Smart Kitchen Appliances Market, by Type, 2022–2031 (USD Million)    
    Table 223    Latin America: Smart Furniture Market, by Type, 2022–2031 (USD Million)    
    Table 224    Latin America: Smart Home Market, by Protocol & Standard, 2022–2031 (USD Million)    
    Table 225    Latin America: Wireless Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)    
    Table 226    Latin America: Wired Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
    Table 227    Latin America: Hybrid Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
    Table 228    Middle East & Africa: Smart Home Market, by Product Type, 2022–2031 (USD Million)    
    Table 229    Middle East & Africa: Smart HVAC Control Market, by Type, 2022–2031 (USD Million)    
    Table 230    Middle East & Africa: Smart Security & Monitoring Systems Market, by Type, 2022–2031 (USD Million)    
    Table 231    Middle East & Africa: Smart Home Appliances Market, by Type, 2022–2031 (USD Million)    
    Table 232    Middle East & Africa: Smart Kitchen Appliances Market, by Type, 2022–2031 (USD Million)    
    Table 233    Middle East & Africa: Smart Furniture Market, by Type, 2022–2031 (USD Million)    
    Table 234    Middle East & Africa: Smart Home Market, by Protocol & Standard, 2022–2031 (USD Million)
    Table 235    Middle East & Africa: Wireless Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)    
    Table 236    Middle East & Africa: Wired Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)    
    Table 237    Middle East & Africa: Hybrid Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)    
    Table 238    Recent Developments, by Company, 2021–2024

    List of Figures
    Figure 1         Market Ecosystem
    Figure 2         Key Stakeholders
    Figure 3         Research Process
    Figure 4         Key Secondary Sources
    Figure 5         Primary Research Techniques.
    Figure 6         Key Executives Interviewed
    Figure 7         Breakdown of Primary Interviews (Supply-side & Demand-side)
    Figure 8         Market Sizing and Growth Forecast Approach
    Figure 9         Key Insights
    Figure 10    Global Smart Home Market, by Product Type, 2024 Vs. 2031 (USD Million)
    Figure 11    Global Smart Home Market, by Protocol & Standard, 2024 Vs. 2031 (USD Million)
    Figure 12    Global Smart Home Market, by Region, 2024 Vs. 2031 (USD Million)
    Figure 13    Impact Analysis: Global Smart Home Market
    Figure 14    Global Smart Home Market, by Product Type, 2024 Vs. 2031 (USD Million)
    Figure 15    Global Smart Home Market, by Protocol & Standard, 2024 Vs. 2031 (USD Million)
    Figure 16    Global Smart Home Market, by Region, 2024 Vs. 2031 (USD Million)
    Figure 17    North America: Smart Home Market Snapshot
    Figure 18    Europe: Smart Home Market Snapshot
    Figure 19    Asia-Pacific: Smart Home Market Snapshot
    Figure 20    Growth Strategies Adopted by Leading Market Players (2021–2024)
    Figure 21    Vendor Market Positioning Analysis (2022–2024)
    Figure 22    Competitive Dashboard: Global Smart Home Market
    Figure 23    Google LLC: Financial Overview (2022)
    Figure 24    Apple, Inc.: Financial Overview (2022)
    Figure 25    Amazon.com, Inc.: Financial Overview (2022)
    Figure 26    Siemens AG: Financial Overview (2022)
    Figure 27    Samsung Electronics Co., Ltd.: Financial Overview (2022)
    Figure 28    Honeywell International, Inc.: Financial Overview (2022)
    Figure 29    Johnson Controls International plc: Financial Overview (2022)
    Figure 30    Schneider Electric SE: Financial Overview (2022)
    Figure 31    LG Electronics, Inc.: Financial Overview (2022)
    Figure 32    Robert Bosch GmbH: Financial Overview (2022)
    Figure 33    ABB Ltd.: Financial Overview (2022)
    Figure 34    ASSA ABLOY AB: Financial Overview (2022)
    Figure 35    General Electric Company: Financial Overview (2022)
    Figure 36    Legrand SA: Financial Overview (2022)
    Figure 37    United Technologies Corporation: Financial Overview (2022)
    Figure 38    Sony Corporation: Financial Overview (2022)

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    Author Name:

    Uddhav Sable, Aniket Hade, Mahesh Khillari

    Related Tag: Smart Home Market Home Automation Smart Home Devices Home Automation Systems Smart Devices Smart Living
    Smart Technologies
    Information and Communications Technology
     
     
     
     

    The Smart Home Market is expected to reach $354.9 billion by 2031, at a CAGR of 13.5% from 2024 to 2031. Smart home is a suitable home system where appliances and devices can be controlled remotely from any internet-connected place in the world using a smartphone or any other networked devices. The smart home system requires an interface application or web portal to interact with the automated system. The growth of the smart homes market is primarily driven by factors, such as perpetually growing internet users, increased adoption of smart devices, awareness of fit and healthy lifestyles, and rising sense of home safety and security.

    Here are the top 10 companies operating in the Smart Home Market

    Google LLC (U.S.)

    Founded in 1998 and headquartered at California, the U.S.; Google LLC is one of the global pioneers in internet-based products and services. Google’s product portfolio ranges from search engines, cloud computing, online advertising technologies, and computer hardware & software. In addition to aforementioned product and services, Google is also cementing its feet in home automation industry directly or through its multiple subsidiaries.

    Google has strong global network with more than 70 offices in 50 countries across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

    Honeywell International Inc. (U.S.)

    Honeywell International, Inc. is a multinational conglomerate company incorporated in 1985 and has headquarters in New Jersey, the U.S.; Honeywell International Inc. invents and commercializes technologies that address some of the world’s most critical challenges around energy, safety, security, productivity, and global urbanization. The company primarily focuses on aerospace, building technologies, performance material & technologies, safety, and productivity solution. The company has approximately 991 location across the world out which 252 are manufacturing sites.

    Amazon Inc. (U.S.)

    Founded in 1994 and headquartered at Washington, the U.S.; Amazon Inc. functions through three core segments, namely North America, International, and Amazon Web Services. The company mainly focuses on advanced technologies such as artificial intelligence, cloud computing, consumer electronics, e-commerce, and digital streaming.

    The company has its geographical presence in North America, Europe, Asia-Pacific, and rest of the world.

    ABB Ltd. (Switzerland)

    Founded in 1988 and headquartered at Zurich, Switzerland. The ABB Ltd. company has wide geographical presence and offering products and services in electrification, industrial automation, motion, and robotics & discrete automation. The company operates in more than 100 countries worldwide.

    LG Electronics, Inc. (South Korea)

    Founded in 1958 and headquartered at Seoul, South Korea. LG Electronics, Inc. is one of the biggest global conglomerates. The company deals with four major business units, including home entertainment, mobile communication, home appliances & air solution, and vehicle components. The company has strong geographical presence and has 128 active operational sites worldwide.


    Apple, Inc. (U.S.)

    Founded in 1976 and headquartered at California, the U.S.; Apple, Inc. is one of the leading smartphones and computer manufacturers. The company manufactures smartphones, tablets, personal computers, and other consumer electronics. The company also provides software and services in addition to smart gadgets, including smart wearables and smart speakers. Backed by strong revenue and pro-consumer reputation, the company upholds more than 500 stores across 24 countries worldwide.

    Samsung (South Korea)

    Founded in 1938 and headquartered at Seoul, South Korea. Samsung has robust business affiliations, including Samsung Electronics, Samsung Heavy Industries, Samsung Engineering, Samsung Construction, and Trading Corporation. Samsung has strong geographical presence with 15 regional offices, 55 sales offices, 39 production sites, 35 R&D centers, 7 design centers, and 66 other sites.

    General Electrical Company (U.S.)

    Founded in 1892 and headquartered at Massachusetts, the U.S.; The company owns total 459 manufacturing units in more than 40 countries worldwide. The company has diversified its business into various segments, including power, oil & gas, lighting, renewable energy, healthcare, aviation, and transportation.

    Sony Corporation (Japan)

    Founded in 1946 and headquartered at Tokyo, Japan. Sony Corporation has diverse product offering ranging from games & network services, music, pictures, home entertainment & sound, imaging product & solution, mobile communication, and semiconductors. The company has 1,556 consolidated subsidiaries and 133 affiliated companies worldwide.

    Siemens AG (Germany)

    Founded in 1847 and headquartered at Munich, Germany. Siemens AG is a technology company with its competency lies in the field of electrification, automation, and digitization. The company’s main focus is to provide power generation, power transmission, and infrastructure solutions as well as automation, drive and software solutions for industry and of medical diagnostics solutions. The company has a diverse geographical presence across North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa.

    Popular Mentions – Johnson Controls international Plc (Ireland), United Technologies Corporation (U.S.), Schneider Electric SE (France), Robert Bosch GmbH (Germany), ASSA ABLOY AB (Sweden), and Legrand S.A. (France).

     

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