United States Smart Home Market to Reach $78.7 Billion by 2027 at a CAGR of 15.8% – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “United States Smart Home Market, Size, Forecast 2022-2027, Industry Trends, Growth, Share, Impact of COVID-19, Company Analysis” report has been added to ResearchAndMarkets.com’s offering.

United States Smart Home Market is expected to grow to US$ 78.7 Billion by 2027. In the United States, smart homes are the domestic face of the Internet of Things (IoT). Home automation is increasingly becoming the go-to method to connect everyday devices in homes to the internet and make living more comfortable, entertaining, and safe. It is an advanced technology that helps make several home appliances’ operations more convenient and energy-saving. This technology involves controlling all the electronic devices at home using wireless technology. It offers comfort, energy efficiency, security, and convenience to the end-users by enabling them to handle electronic devices through a smart home app on their mobile phones or other networked appliances. This trend is certainly set to continue into the next decade.

Notwithstanding, as the technology underpinning the smart home revolution continues to get faster and more potent in the United States, expect home automation to offer domestic help in new and innovative ways. Many devices like Smart Light Switch, Smart Light Bulb, Door/Window Sensor, Smart Door Lock, Smart Health and Fitness Devices, Smart TV, and Smart Speakers are also connected to the voice assistant that can control them through voice commands.

United States Smart Homes Industry is expected to expand at a double-digit CAGR of 15.8% from 2021-2027.

Based on Applications, the United States smart home market includes Energy Management, Comfort and Lighting, Home Entertainment, Control and Connectivity, Security, Smart Appliances. The smart home penetration rate in the United States is expected to increase further across all segments in the following years, with home entertainment technologies as the leading segment.

The most commonly owned smart home devices among U.S. Americans were home entertainment like smart TVs, smart speakers, and Games Console and wireless speakers without Voice Assistants. Smart TVs and wireless speakers without voice assistants play a significant role in smart homes due to their features and usability. The smart speaker uses voice commands to control intelligent devices.

United States Smart Home Market Size was US$ 32.7 Billion in 2021

On the basis of Categories Products, control and connectivity has emerged as a high-end novelty across a wide range of home devices in the United States, including Door/Window Sensor, Motion Sensor, Smart Smoke Detector, Water Shutoff System, Home Networking, and Others. Americans demand a massive demand for Door/window detectors to make their residence and family safer when they are gone for a long trip or not around. Furthermore, among other connected devices, Americans are inclined towards Interactive Security System like Smart Door Lock, Video Doorbell, Monitoring Camera, Interactive Security System, Smart Outdoor Gadgets and Other.

Application – Break up into 6 Segments, and each of these segments is further divided into 3 sub-segments

1. Energy Management

A. Energy Management Market

B. Number of Active Households

C. Application Household Penetration

2. Comfort and Lighting

A. Comfort and Lighting Market

B. Number of Active Households

C. Application Household Penetration

3. Home Entertainment

A. Home Entertainment Market

B. Number of Active Households

C. Application Household Penetration

4. Control and Connectivity

A. Control and Connectivity Market

B. Number of Active Households

C. Application Household Penetration

5. Security

A. Security Market

B. Number of Active Households

C. Application Household Penetration

6. Smart Appliances

A. Smart Appliances Market

B. Number of Active Households

C. Application Household Penetration

Energy Categories – Break up into 5 Products

1. Smart Light Switch

2. Smart Plug

3. Smart Electrical Socket

4. Smart Adapter

5. Others

Comfort and Lighting Categories – Break up into 4 Products

1. Smart Light Bulb

2. Smart Heating and Cooling

3. Garage Door Opener

4. Others

Home Entertainment Categories – Break up into 5 Products

1. Wireless Speakers without Voice Assistants

2. Smart Speakers with Voice Assistants

3. Smart TV

4. Games Console

5. Others

Control and Connectivity Categories – Break up into 6 Products

1. Door/Window Sensor

2. Motion Sensor

3. Smart Smoke Detector

4. Water Shutoff System

5. Home Networking

6. Others

Security Categories – Break up into 6 Products

1. Smart Door Lock

2. Video Doorbell

3. Monitoring Camera

4. Interactive Security System

5. Smart Outdoor Gadgets

6. Others

Smart Appliances Categories – Break up into 5 Products

1. Smart Thermostat

2. Smart Health and Fitness Devices

3. Smart Kitchen Appliances

4. Smart Oven

5. Others

Key Topics Covered:

1. Introduction

2. Research & Methodology

3. Executive Summary

4. Market Dynamics

5. United States Smart Home Analysis

6. Market Share – United States Smart Home Analysis

7. Application – United States Smart Home Market

8. Categories Products – United States Smart Home Market

9. United States Smart Home Standardization Policy

10. Merger & Acquisitions

11. Porters Five Forces

12. Company Analysis

Companies Mentioned

  • Honeywell International Inc.
  • Acuity brands
  • Brinks home Security
  • Sleep number Corporation
  • Spectrum Brands Holdings, Inc.
  • Ooma Inc
  • Comcast Corporation
  • Vivint

For more information about this report visit https://www.researchandmarkets.com/r/m74cre

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