Global Smart Homes & Home Automation Ecosystem 2019-2023 revenue from shipments of Home Automation systems Grow in Europe and North America at a CAGR of 19.8 percent – Yahoo Finance
How should the mobile industry address the vast business opportunity in connected smart homes?
According to this research report, the number of smart homes in Europe and North America to reach 64 million in 2018.
The most advanced smart home market is North America, with an installed base of 33.8 million smart homes at the end of the year. This corresponds to a penetration of 24 percent. Between 2017 and 2018, the market grew by 38.6 percent year-on-year. The strong growth in the market is expected in the next five Years.
by 2023, the estimated research that more than 60.3 million households in North America will be smart, meaning 41 per cent of all houses in the region. The European market is still behind North America in terms of market penetration. There were a total of 30.5 million smart homes in Europe and the end of 2018.
The installed base in the region is expected to 83.2 million households grow at the end of the year 2023, which corresponds to a market share of 35 percent. The most popular products in the smart home market include smart thermostats, smart bulbs, smart security cameras, smart air conditioners, smart door locks, smart plugs and smart speaker. The market for smart thermostats is led by companies such as Ecobee, Nest, and Resideo.
The research estimates that the installed base of smart thermostats amounted to 18.9 million units in North America and 6.6 million units in Europe by the end of 2018. Mean, is the clear market leader in the market for smart light bulbs and other connected lighting products. More suppliers in the segment include Ledvance, LIFX, Sengled, Merkury Innovations and IKEA.
The installed base of connected points of light at the end of 2018, amounted to 25.2 million euros in units in North America and 22.4 million units in Europe. Smart speaker with built-in voice assistants have become very fast one of the most popular smart-home. Amazon and Google hold a near-duopoly in the smart speaker market with an estimated combined market share of around 90 percent in North America and Europe.
and the end of 2018, the installed base for voice-controlled smart speaker amounted to about 100 million units in North America and about 21 million units in Europe. The market for whole-home systems, serves traditional, home automation specialists, home security providers, Telecom operators, and the DIY solution Provider. On the North American market, interactive home-security systems have proved to be the most common type of smart-home systems.
This is the kind of system represented 41 percent of the 13.3 million whole-home systems in the region by the end of 2018. The largest home security provider, ADT, Vivint and Comcast. In Europe, the traditional home automation systems and DIY solutions are more common than whole-home systems.
eQ-3, Deutsche Telekom, Verisure, Centrica Hive and Somfy is the largest provider of whole house systems in the region. The installed base of whole-home systems in Europe amounted to 6.8 million systems by the end of 2018.
for more information about this report, visit https://www.researchandmarkets.com/r/mnspo2
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