The Single-Family Smart Homes Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
The global single-family smart homes market reached a value of nearly $63,440 million in 2019, having increased at a compound annual growth rate (CAGR) of 18.6% since 2015. The market is expected to decline from $63,440 million in 2019 to $60,750 million in 2020 at a rate of -4.2%. The decline is mainly due to lockdown and social distancing norms imposed by various countries and economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 19.7% from 2021 and reach $104,200 million in 2023. The market is expected to grow at a CAGR of 18.4% to nearly $146,160.0 million by 2025, and at a CAGR of 18.5% to $341,420.0 million by 2030.
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Top Leading Companies of Single-Family Smart Homes Market are Lennar Corporation, PulteGroup, Inc., Meritage Homes Corporation, KB Smart Home, TRI Pointe Group Inc. and others.
Market Overview:
The single-family smart homes market is also segmented by technology into Wi-Fi, Bluetooth, GSM/GPRS, RFID, and others. The Wi-Fi market was the largest segment of the single-family smart homes market segmented by technology, accounting for 63.4% of the total in 2019. Going forward, the RFID segment is expected to be the fastest growing segment in the single-family smart homes market, at a CAGR of 13.8% during 2019-2023.
Asia Pacific was the largest region in the global single-family smart homes market, accounting for 36.0% of the total in 2019. It was followed by North America, Western Europe, and then the other regions. Going forward, the fastest-growing regions in the single-family smart homes market will be Eastern Europe, and Africa, where growth will be at CAGRs of 21.9% and 21.6% respectively. These will be followed by South America, and the Middle East, where the markets are expected to grow at CAGRs of 20.9% and 16.4% respectively.
The single-family smart homes market is fairly fragmented, with large number of regional players operating in the market. The top 9 companies in the market occupied 29.87% of market share in the global single-family smart homes market. Major players in the market include Lennar Corporation, PulteGroup, Inc., Meritage Homes Corporation, KB Smart Home, and TRI Pointe Group Inc.
Regional Outlook of Single-Family Smart Homes Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.
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What Are The Market Factors That Are Explained In The Report?
Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
Analytical Tools: The Single-Family Smart Homes Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
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Note: All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
