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Sunday, October 31, 2021

Global Connected Home Devices Market to be Driven by Product Innovation by Manufacturers and Consumer Demand for Smart Homes in the Forecast Period of 2021-2026

The new report by Expert Market Research titled, ‘Global Connected Home Devices Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global connected home devices market, assessing the market based on its segments like product, technology, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.

Request a free sample copy in PDF or view the report summary@

The key highlights of the report include:

Market Overview (2016-2026)

  • Forecast CAGR (2021-2026): 13.0%

Modern lifestyle and schedules are turning hectic with people trying to multitask and manage their life alongside. This changing lifestyle is inducing the inclination towards smart ecosystem which enables simplification of tasks and with greater efficacy. For instance, one can get their coffee or turn on the dishwasher just through a press of a button on their smartwatch via a connecting app. This eases the daily load of consumer and provides the advantage of convenience. This offers an opportunity to grow to multiple consumer product manufacturers from devices to appliances, to security and lighting to innovate with respect to functionality and connectivity. Overcoming challenges in ease of use, installation and control will also invigorate the market.

Explore the full report with the table of contents@

Industry Definition and Major Segments

A connected home device refers to those appliances, lighting or electronic devices that can be automatically and remotely controlled, such as through an app, with the help of internet. These can also operate in conjunction with other devices in the home enabling interconnection and thus, communicate information to other smart devices as well.

On the basis of product, the market is segmented into:

Based on technology, the market is divided into:

  • Device-Based
  • Mobile
  • Hybrid
  • Technology Comparison Matrix

The major regional markets include:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

Market Trends

The augmenting demand for the inclusion of multiple connected home appliances, worldwide, is anticipated to strengthen its development during the forecast period. Alongside, the growing penetration of internet and ease of availability and affordability of connectivity is additionally helping the demand for such connected devices and is expected to only push the global market higher in the coming years. Remote and wireless communication along with control and monitoring features are forecasted to be important drivers in the future for the connected home ecosystem by providing the benefit of cost and time saving. The global connected home market poses a tremendous opportunity for growth and innovation.

Key Market Players

The major players in the market are Analog Devices, Inc., Honeywell International Inc., Panasonic Corporation, SAMSUNG ELECTRONICS Co., Ltd., Siemens AG, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

Media Contact

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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