Market Overview:
The global sensors market in the smart home is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The market was valued at US$ 7,584.5 Mn in 2017 and is projected to reach a value of US$ 24,711.4 Mn by 2030. Temperature/humidity sensors held the dominant share of 49% in the global sensors market for smart homes in 2017 and are expected to maintain their dominance throughout the forecast period as well, owing to their wide-scale adoption for HVAC control systems across residential and commercial buildings worldwide.
Product Definition:
Sensors play a very important role in the smart home. They are used to detect and measure various conditions, such as temperature, light levels, motion, humidity, and air quality. This information is then used to control devices and appliances in the home accordingly. For example, sensors can be used to turn on a light when someone enters a room or adjust the temperature when it becomes too hot or cold.
Air Quality Sensors:
Air quality sensors are used to measure the concentration of pollutants in the air. They are incorporated in smart home devices such as smart smoke detectors, carbon Monoxide (CO) and heat/AC units, and other appliances that have a sensor for monitoring temperature or humidity levels. The increasing awareness about health hazards caused due to indoor pollution has led to an increase in demand for these sensors globally.
Temperature/Humidity Sensors:
Temperature/ humidity sensors are electronic devices that measure temperature and/or humidity in a particular environment. They are used in smart home automation systems, which is the integration of electrical appliances with mobile technologies such as smartphones and tablets via wireless connections. These devices help control the operation of various appliances based on certain parameters such as temperature or moisture levels being reached.
Application Insights:
The global sensors in the smart home market are classified based on application into security systems, energy management, healthcare, and smart appliances. The healthcare segment is anticipated to witness significant growth over the forecast period owing to increasing demand for health monitoring devices. Furthermore, growing concerns regarding personal data protection coupled with a rise in demand for smart homes are expected to drive growth over the forecast period.
The smart home security system segment accounted for more than 35% of the overall market share in 2017 and is projected to grow at a steady CAGR from 2018 to 2030 due largelyto rising concerns about burglaries and thefts globally. Moreover, increasing penetration of connected security cameras/monitoring systems has further propelled industry growth across regions as these devices enable users access via mobile applications or remote control through internet protocol (IP) enabled devices such as smartphones or laptops from anywhere in world. This factor along with an increase in disposable income among consumers will fuel industry expansion over the coming years.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to retain its dominance over the forecast period as well, owing to increasing penetration of smart home systems and growing consumer awareness about energy conservation. Europe accounted for a significant share in the global market due to high demand for smart homes coupled with rapidly evolving technology. Asia Pacific is projected to be one of the fastest-growing regional markets from 2018 to 2030 due both internal growth and increased adoption by international manufacturers/service providers looking at lucrative opportunities present across this region. Moreover, rising disposable income levels are anticipated favorably impact regional growth over the next few years.
The key factors driving demand within Asia Pacific include rapid urbanization resulting in an increase in construction activities; growing population; technological advancements such as wireless connectivity between sensors and controllers; advancement of analytics technologies that enable real-time monitoring & control applications along with their associated costs reduction benefits.
Growth Factors:
- Increasing demand for smart home devices
- Rising awareness about the benefits of smart homes
- Proliferation of affordable sensors and other components
- Growing number of connected devices and platforms
- Advances in artificial intelligence and machine learning
Scope Of The Report
Report Attributes
Report Details
Report Title
Sensors in the Smart Home Market Research Report
By Type
Air Quality Sensors, Temperature/Humidity Sensors, Ambient Light Sensors, Accelerometers, Electric Current Sensors, Biometric Sensors
By Application
Home Security Systems, Energy Management, Healthcare, Smart Appliances
By Companies
Ambient, RF Technologies, Amazon, Netatmo, Google, Xiaomi
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
201
Number of Tables & Figures
141
Customization Available
Yes, the report can be customized as per your need.
Global Sensors in the Smart Home Market Report Segments:
The global Sensors in the Smart Home market is segmented on the basis of:
Types
Air Quality Sensors, Temperature/Humidity Sensors, Ambient Light Sensors, Accelerometers, Electric Current Sensors, Biometric Sensors
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Home Security Systems, Energy Management, Healthcare, Smart Appliances
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ambient
- RF Technologies
- Amazon
- Netatmo
- Google
- Xiaomi
Highlights of The Sensors in the Smart Home Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Air Quality Sensors
- Temperature/Humidity Sensors
- Ambient Light Sensors
- Accelerometers
- Electric Current Sensors
- Biometric Sensors
- By Application:
- Home Security Systems
- Energy Management
- Healthcare
- Smart Appliances
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Sensors in the Smart Home Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Sensors are devices that can be used to collect data about the environment. This data can then be used to control various aspects of a home's operation, such as the temperature or lighting.
Some of the major players in the sensors in the smart home market are Ambient, RF Technologies, Amazon, Netatmo, Google, Xiaomi.
The sensors in the smart home market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Sensors in the Smart Home Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Sensors in the Smart Home Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Sensors in the Smart Home Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Sensors in the Smart Home Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Sensors in the Smart Home Market Size & Forecast, 2020-2028
4.5.1 Sensors in the Smart Home Market Size and Y-o-Y Growth
4.5.2 Sensors in the Smart Home Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Air Quality Sensors
5.2.2 Temperature/Humidity Sensors
5.2.3 Ambient Light Sensors
5.2.4 Accelerometers
5.2.5 Electric Current Sensors
5.2.6 Biometric Sensors
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Home Security Systems
6.2.2 Energy Management
6.2.3 Healthcare
6.2.4 Smart Appliances
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Sensors in the Smart Home Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Sensors in the Smart Home Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Air Quality Sensors
9.6.2 Temperature/Humidity Sensors
9.6.3 Ambient Light Sensors
9.6.4 Accelerometers
9.6.5 Electric Current Sensors
9.6.6 Biometric Sensors
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Home Security Systems
9.10.2 Energy Management
9.10.3 Healthcare
9.10.4 Smart Appliances
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Air Quality Sensors
10.6.2 Temperature/Humidity Sensors
10.6.3 Ambient Light Sensors
10.6.4 Accelerometers
10.6.5 Electric Current Sensors
10.6.6 Biometric Sensors
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Home Security Systems
10.10.2 Energy Management
10.10.3 Healthcare
10.10.4 Smart Appliances
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Air Quality Sensors
11.6.2 Temperature/Humidity Sensors
11.6.3 Ambient Light Sensors
11.6.4 Accelerometers
11.6.5 Electric Current Sensors
11.6.6 Biometric Sensors
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Home Security Systems
11.10.2 Energy Management
11.10.3 Healthcare
11.10.4 Smart Appliances
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Air Quality Sensors
12.6.2 Temperature/Humidity Sensors
12.6.3 Ambient Light Sensors
12.6.4 Accelerometers
12.6.5 Electric Current Sensors
12.6.6 Biometric Sensors
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Home Security Systems
12.10.2 Energy Management
12.10.3 Healthcare
12.10.4 Smart Appliances
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Air Quality Sensors
13.6.2 Temperature/Humidity Sensors
13.6.3 Ambient Light Sensors
13.6.4 Accelerometers
13.6.5 Electric Current Sensors
13.6.6 Biometric Sensors
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Home Security Systems
13.10.2 Energy Management
13.10.3 Healthcare
13.10.4 Smart Appliances
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Sensors in the Smart Home Market: Competitive Dashboard
14.2 Global Sensors in the Smart Home Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ambient
14.3.2 RF Technologies
14.3.3 Amazon
14.3.4 Netatmo
14.3.5 Google
14.3.6 Xiaomi
