Worlds Top 8 Companies in Smart Home Market

The global Smart Home market was valued at USD 75.36 Billion in 2020 and is projected to reach USD 423.95 Billion by 2028, growing at a CAGR of 24.10% from 2021 to 2028

Worlds Top 8 Companies in Smart Home Market

Market Overview:

According to vantage market research the global Smart Home market was valued at USD 75.36 Billion in 2020 and is projected to reach USD 423.95 Billion by 2028, growing at a CAGR of 24.10% from 2021 to 2028. 

A home equipped with heating, lighting, and electronic equipment that can be controlled remotely by computer or phone is a smart home.

The global Smart Home market report provides an in-depth analysis of each segment, region and country. All the volumes are studied considering the historical and future trends in the geographical areas. All segments are analyzed based on trends, market size and forecasts, and data is provided for the year 2016-2028. The report covers a number of growth factors and opportunities affecting various sectors. Furthermore, the report will include an in-depth analysis of the major players operating in the market based on company overview, product portfolio, recent developments, business strategies, financial performance and market share. Overall, the report will cover all aspects related to the global smart home market.

A smart home is a suitable home system where appliances and devices can be controlled remotely from any Internet-connected location in the world using a Smartphone or any other networked device. Smart home systems require an interface application or web portal to interact with the automated system. The growth of the smart home market is primarily driven by factors, such as ever-increasing internet users, adoption of smart devices, awareness of fit and healthy lifestyles, and growing sense of home safety and security.

Following are the Top 8 leading Companies in Smart Home Market:

  • Google LLC (U.S.)
  • Honeywell International Inc. (U.S.)
  • Amazon Inc. (U.S.)
  • ABB Ltd. (Switzerland)
  • LG Electronics, Inc. (South Korea)
  • Apple, Inc. (U.S.)
  • Samsung (South Korea)
  • General Electrical Company (U.S.)

Google LLC (U.S.)

Established in 1998 and based in California, U.S. headquartered in; Google LLC is one of the global pioneers in Internet-based products and services. Google's product portfolio includes search engines, cloud computing, online advertising technology, and computer hardware and software. In addition to the above products and services, Google is also strengthening its feet in the home automation industry, either directly or through its many subsidiaries.

Google has a strong global network with over 70 offices in 50 countries across North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa.

Honeywell International Inc. (U.S.)

Honeywell International, Inc. is a multinational conglomerate company foundedin 1985 and headquartered in New Jersey, U.S. is in; Honeywell International Inc. invents and commercializes technologies that solve some of the world's most pressing challenges around energy, safety, security, productivity and global urbanization. The company primarily focuses on aerospace, construction technologies, performance materials and technologies, safety and productivity solutions. The company has approximately 991 locations worldwide, of which 252 are manufacturing sites.

Amazon Inc. (U.S.)

Established in 1994 and based in Washington, U.S. headquartered in; Amazon Inc. Serves through three main segments, namely North America, International and Amazon Web Services. The company mainly focuses on advanced technologies like artificial intelligence, cloud computing, consumer electronics, e-commerce and digital streaming. The company has a geographical presence in North America, Europe, Asia-Pacific and the rest of the world.

ABB Limited

Established in 1988 and headquartered in Zurich, Switzerland. ABB Limited Company has a wide geographical presence and offers products and services in electrification, industrial automation, motion, and robotics and discrete automation. The company operates in more than 100 countries worldwide.

LG Electronics, Inc. (South Korea)

Established in 1958 and headquartered in Seoul, South Korea. LG Electronics, Inc. One of the largest global groups. The company deals with four major business units including home entertainment, mobile communications, home appliance and air solutions, and vehicle components. The company has a strong geographical presence and has 128 active operational sites across the globe.

Apple, Inc

Established in 1976 and based in California, U.S. headquartered in; Apple, Inc. One of the leading Smartphone and computer manufacturers. The company manufactures smartphones, tablets, personal computers and other consumer electronics. The company also provides software and services in addition to smart gadgets, including smart wearable’s and smart speakers. Backed by strong revenues and a pro-consumer reputation, the company maintains over 500 stores in 24 countries around the world.

Samsung (South Korea)

Established in 1938 and headquartered in Seoul, South Korea. Samsung has strong business affiliations including Samsung Electronics, Samsung Heavy Industries, Samsung Engineering, Samsung Construction and Trading Corporation. Samsung has a strong geographical presence with 15 regional offices, 55 sales offices, 39 production sites, 35 R&D centers, 7 design centers and 66 other sites.

General Electrical Company (U.S.)

Established in 1892 and based in Massachusetts, U.S. headquartered in; The company has a total of 459 manufacturing units in more than 40 countries around the world. The company has diversified its business into various sectors including power, oil and gas, lighting, renewable energy, healthcare, aviation and transportation.

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Vantage Market Research Report comes up with detail analysis of each major player in the industry. The Study provides Global market size & share, Emerging trends, In-depth analysis of key players, Development opportunities, Sales, Revenue Forecast.