Market Overview:
The global smart connected home application market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for smart appliances across different regions. In addition, the growing awareness about energy-efficiency and environment-friendly measures is also propelling the growth of this market. The global smart connected home application market can be segmented on the basis of type and application. On the basis of type, the market can be divided into Smart Air-con and Heater, Smart Washing and Drying, Smart Fridges, Smart Large Cookers, Smart Dishwashers, Smart Vaccum Cleaners and Other Appliances. Among these segments,Smart Air-con & Heateris expected to witness highest growth duringthe forecast period owingto its increasing demand in residential applications across different regions worldwide.
Product Definition:
A Smart Connected Home Application is a software program that allows users to control various devices in their home from a single interface. The importance of Smart Connected Home Applications is that they provide an easy way for users to manage all of the devices in their home, which can include everything from lights and appliances to security cameras and thermostats.
Smart Air-con and Heater:
The smart air-con and heater are the part of smart connected home application. The basic working principle of these devices is to measure the indoor climate, humidity, and air quality by sensing various parameters with help of sensors. These devices can be connected to home automation system or they can be integrated with HVAC (heating, ventilation & cooling) systems separately.
Smart Washing and Drying:
Smart washing and drying and its usage in smart connected home application market is a new term which entered into the household appliances industry. The major factor responsible for its adoption is increasing consumer awareness regarding environment protection coupled with convenience offered by these devices. Additionally, rising disposable income of middle-class population has also contributed towards the growth of this technology.
Application Insights:
The cooking application segment led the global smart connected home application market in 2017. The growing preference for automated kitchen appliances, which can perform a variety of tasks from boiling water to grinding spices, is expected to drive the segment growth over the forecast period.
Households with busy work schedules often find it difficult to prepare meals on time owing to hectic daily schedules. This has resulted in an increased demand for convenient and easy-to-operate cooking appliances that can save both time and efforts. As a result, several manufacturers are focusing on developing smart products that can help consumers cook delicious food with ease and convenience. For instance, Samsung developed ¢â‚¬ËœBixby Kitchen¢â‚¬â„¢ as part of its vision of creating an intelligent kitchen where users can control various devices using their voice commands or by using compatible smartphones via Bixby AI platform together.
Regional Analysis:
Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period. The growth can be attributed to increasing penetration of smart connected devices in various applications and rising demand for energy-efficient products. Moreover, growing adoption of IoT technology in countries such as China and India will drive regional growth further. Increasing investments by companies such as Google, Samsung Electronics Co., Ltd., LG Electronics Inc., Huawei Technologies Co., Ltd.; vivo Labs; MediaTek Inc.; ZTE Corporation; among others are also contributing towards market growth in APAC region. For instance, In January 2017, Xiaomi Global Community announced a Smart Home Beta Program that allowed users to install Mi Smart Home app on their smartphones and tablets for testing before its official launch (Mi beta program).
Growth Factors:
- Increasing demand for smart connected home applications from the residential sector as a result of the growing awareness about the benefits of these applications.
- Proliferation of low-cost and easy-to-use smart connected home devices, which is making these applications more accessible to consumers.
- The increasing demand for smart connected home applications from commercial sectors due to their potential to improve operational efficiency and reduce costs.
- Development of innovative features and functionalities in smart connected home applications that are enhancing their appeal among consumers.
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Connected Home Application Market Research Report
By Type
Smart Air-con and Heater, Smart Washing and Drying, Smart Fridges, Smart Large Cookers, Smart Dishwashers, Smart Vaccum Cleaners, Other
By Application
Cooking, Food Storage, Cleaning, House Maintenance
By Companies
Samsung, BSH, Haier, Whirlpool, LG, Electrolux, Panasonic, Miele & Cie, Philips, iRobot, Samsung, Neato, Midea, Hisense
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
163
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Smart Connected Home Application Market Report Segments:
The global Smart Connected Home Application market is segmented on the basis of:
Types
Smart Air-con and Heater, Smart Washing and Drying, Smart Fridges, Smart Large Cookers, Smart Dishwashers, Smart Vaccum Cleaners, Other
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
Cooking, Food Storage, Cleaning, House Maintenance
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:
- Samsung
- BSH
- Haier
- Whirlpool
- LG
- Electrolux
- Panasonic
- Miele & Cie
- Philips
- iRobot
- Samsung
- Neato
- Midea
- Hisense
Highlights of The Smart Connected Home Application 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:
- Smart Air-con and Heater
- Smart Washing and Drying
- Smart Fridges
- Smart Large Cookers
- Smart Dishwashers
- Smart Vaccum Cleaners
- Other
- By Application:
- Cooking
- Food Storage
- Cleaning
- House Maintenance
- 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 Smart Connected Home Application 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Smart Connected Home Application is a software that helps users manage their home devices and settings from a single interface. It allows users to control their lights, thermostats, security systems, and more from one place.
Some of the major players in the smart connected home application market are Samsung, BSH, Haier, Whirlpool, LG, Electrolux, Panasonic, Miele & Cie, Philips, iRobot, Samsung, Neato, Midea, Hisense.
The smart connected home application market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Connected Home Application 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 Smart Connected Home Application Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Connected Home Application 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 Smart Connected Home Application 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 Smart Connected Home Application Market Size & Forecast, 2018-2028
4.5.1 Smart Connected Home Application Market Size and Y-o-Y Growth
4.5.2 Smart Connected Home Application Market Absolute $ Opportunity
Chapter 5 Global Smart Connected Home Application 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 Smart Connected Home Application Market Size Forecast by Type
5.2.1 Smart Air-con and Heater
5.2.2 Smart Washing and Drying
5.2.3 Smart Fridges
5.2.4 Smart Large Cookers
5.2.5 Smart Dishwashers
5.2.6 Smart Vaccum Cleaners
5.2.7 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Smart Connected Home Application 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 Smart Connected Home Application Market Size Forecast by Applications
6.2.1 Cooking
6.2.2 Food Storage
6.2.3 Cleaning
6.2.4 House Maintenance
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Connected Home Application 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 Smart Connected Home Application 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 Smart Connected Home Application Analysis and Forecast
9.1 Introduction
9.2 North America Smart Connected Home Application 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 Smart Connected Home Application Market Size Forecast by Type
9.6.1 Smart Air-con and Heater
9.6.2 Smart Washing and Drying
9.6.3 Smart Fridges
9.6.4 Smart Large Cookers
9.6.5 Smart Dishwashers
9.6.6 Smart Vaccum Cleaners
9.6.7 Other
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 Smart Connected Home Application Market Size Forecast by Applications
9.10.1 Cooking
9.10.2 Food Storage
9.10.3 Cleaning
9.10.4 House Maintenance
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 Smart Connected Home Application Analysis and Forecast
10.1 Introduction
10.2 Europe Smart Connected Home Application 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 Smart Connected Home Application Market Size Forecast by Type
10.6.1 Smart Air-con and Heater
10.6.2 Smart Washing and Drying
10.6.3 Smart Fridges
10.6.4 Smart Large Cookers
10.6.5 Smart Dishwashers
10.6.6 Smart Vaccum Cleaners
10.6.7 Other
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 Smart Connected Home Application Market Size Forecast by Applications
10.10.1 Cooking
10.10.2 Food Storage
10.10.3 Cleaning
10.10.4 House Maintenance
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 Smart Connected Home Application Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Smart Connected Home Application 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 Smart Connected Home Application Market Size Forecast by Type
11.6.1 Smart Air-con and Heater
11.6.2 Smart Washing and Drying
11.6.3 Smart Fridges
11.6.4 Smart Large Cookers
11.6.5 Smart Dishwashers
11.6.6 Smart Vaccum Cleaners
11.6.7 Other
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 Smart Connected Home Application Market Size Forecast by Applications
11.10.1 Cooking
11.10.2 Food Storage
11.10.3 Cleaning
11.10.4 House Maintenance
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 Smart Connected Home Application Analysis and Forecast
12.1 Introduction
12.2 Latin America Smart Connected Home Application 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 Smart Connected Home Application Market Size Forecast by Type
12.6.1 Smart Air-con and Heater
12.6.2 Smart Washing and Drying
12.6.3 Smart Fridges
12.6.4 Smart Large Cookers
12.6.5 Smart Dishwashers
12.6.6 Smart Vaccum Cleaners
12.6.7 Other
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 Smart Connected Home Application Market Size Forecast by Applications
12.10.1 Cooking
12.10.2 Food Storage
12.10.3 Cleaning
12.10.4 House Maintenance
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) Smart Connected Home Application Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Smart Connected Home Application 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) Smart Connected Home Application Market Size Forecast by Type
13.6.1 Smart Air-con and Heater
13.6.2 Smart Washing and Drying
13.6.3 Smart Fridges
13.6.4 Smart Large Cookers
13.6.5 Smart Dishwashers
13.6.6 Smart Vaccum Cleaners
13.6.7 Other
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) Smart Connected Home Application Market Size Forecast by Applications
13.10.1 Cooking
13.10.2 Food Storage
13.10.3 Cleaning
13.10.4 House Maintenance
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 Smart Connected Home Application Market: Competitive Dashboard
14.2 Global Smart Connected Home Application Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Samsung
14.3.2 BSH
14.3.3 Haier
14.3.4 Whirlpool
14.3.5 LG
14.3.6 Electrolux
14.3.7 Panasonic
14.3.8 Miele & Cie
14.3.9 Philips
14.3.10 iRobot
14.3.11 Samsung
14.3.12 Neato
14.3.13 Midea
14.3.14 Hisense
