DIY Smart Home Market: Global Industry Analysis and Forecast (2022-2027) by Product, Technology, Software, Application, and Region

DIY Smart Home Market size was valued at US$ 29.63 Bn. in 2021 and the total revenue is expected to grow at a CAGR of 35% from 2022 to 2027, reaching nearly US$ 179.36 Bn.

DIY Smart Home Market Overview:

DIY Smart Home Market is expected to reach US$ 179.36 Bn. by 2027. A smart home allows homeowners to operate appliances, thermostats, lighting, and other equipment from anywhere using an internet connection and a Smartphone or tablet. Wireless or hardwired technology can be used to create smart houses. This report focuses on the different segments of the DIY Smart Home market (Product, Technology, Software, Application, and Region). The major industry players and regions are thoroughly examined in this report (North America, Asia Pacific, Europe, Middle East & Africa, and South America). It's a thorough examination of today's quick advancements in a variety of industries. The major data analysis for the historical era from 2017 to 2020 is presented using facts and numbers, visualisations, and presentations. The market drivers, restraints, opportunities, and challenges for DIY Smart Home are examined in this report. The MMR report's investment suggestions are based on a thorough examination of the current competitive environment in the DIY Smart Home market. DIY Smart Home Market To know about the Research Methodology:- Request Free Sample Report

DIY Smart Home Market Dynamics:

The market is expected to be driven by the growing need for efficient energy solutions as well as rising security concerns. Because of the growing acceptance of computerised administrations, government incentives for green activities, and the reduced cost of DIY smart home market frameworks compared to expertly installed frameworks, growth opportunities in the DIY Smart Home market are being seen. The market's abundance of restrictive DIY smart home industry frameworks makes framework reconciliation difficult, especially when many frameworks are used. Currently, this restriction has a significant impact, which will reduce over time. Due to the growing acceptance of IoT in non-industrial countries, the DIY smart home market is growing rapidly in the overall smart home sector in developing countries. To mechanise dwellings, they must be redesigned and reproduced; this can be accomplished effectively via remote advances. Remote innovations are assisting in keeping a strategic distance from reproduction as well as confirming self-establishment and simplicity by reducing the use of cables. The DIY smart home market is expected to be driven by consumer demand for availability, comfort, well-being, and security, as well as a growing interest in green and energy-efficient product configurations. Expertly introduced house computerization frameworks are more expensive than DIY smart home market frameworks. Constant innovation in correspondence, sensors, and examination is expected to drive market growth during the forecast period. In any case, the lack of awareness for DIY home robotization frameworks and the lack of established norms for makers to drag deals for DIY smart home gadgets are limiting market growth globally.

DIY Smart Home Market Segment Analysis:

DIY Smart Home Market is segmented by Product, Technology, Software, and Application. Based on the Product, the market is segmented into Lighting Control, Security & Access Control, HVAC Control, Entertainment Control, Home Healthcare, Smart Kitchen, and Others. Security & Access Control segment is expected to hold the largest market share of xx% by 2027. This is due to increased customer demand for convenience and connectivity for safety and security. Installing a wireless security camera and access control system, or lighting control systems with professionally built systems, is expensive since specialists are needed to install the system, and long-term contracts and monthly fees are necessary to maintain the system working. Many DIY-friendly devices and sensors for phones and other portable devices are now available on the market. There are no contracts and, in many cases, no monthly fees with these systems. DIY Smart Home Market 1 Based on the Application, the market is segmented into Safety and Security, Lighting, Entertainment (Audio and Video), Heating, Ventilation and Air conditioning, and Others. Safety and Security application segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2027. A smart home security system is one that can interact with its surroundings. Sensors and cameras are used by this security system to let it see and feel its environment. It can also alert homeowners when something unusual occurs in their home. Smart home security systems are also internet-connected. As a result, homeowners may monitor their property from anywhere in the world. Smart home security systems provide high-level security as a result of this connectivity.

DIY Smart Home Market Regional Insights:

The North American region is expected to dominate the DIY Smart Home Market during the forecast period 2022-2027. The North American region is expected to hold the largest market share of xx% by 2027. One of the key factors driving regional market growth is the availability of the essential skills among customers for home improvement projects. Manufacturers also offer smart house renovation kits to help DIY homeowners. Furthermore, the presence of large DIY stores, as well as the development of the e-commerce sales channel, can have a long-term favourable influence. Strict green building requirements, rising electricity costs, increased internal migration, and high household spending are all expected to boost demand. Furthermore, manufacturers have consistently focused on technical developments, design improvements, and product quality enhancements, as well as adopting changing trends such as offering eco-friendly products. Furthermore, the region's financing rates are very low, and property prices are growing, boosting demand for DIY Smart Home. Furthermore, rising crime rates and an increase in the number of rental homes are expected to drive up demand for DIY Smart Home technologies. DIY Smart Home Market 2 The objective of the report is to present a comprehensive analysis of the Global DIY Smart Home Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Global DIY Smart Home Market dynamic and structure by analyzing the market segments and projecting the Global DIY Smart Home Market size. Clear representation of competitive analysis of key players by Distribution Channel, price, financial position, product portfolio, growth strategies, and regional presence in the DIY Smart Home Market make the report investor’s guide.

DIY Smart Home Market Scope: Inquire before buying

Global DIY Smart Home Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2027
Historical Data: 2017 to 2021 Market Size in 2021: US $ 29.63 Bn.
Forecast Period 2022 to 2027 CAGR: 35% Market Size in 2027: US $ 179.36 Bn.
Segments Covered: by Product • Lighting Control • Security & Access Control • HVAC Control • Entertainment Control • Home Healthcare • Smart Kitchen • Others
by Technology • Network Technologies • Protocols & Standards • Wireless Communication Technologies
by Software • Behavioral • Proactive
by Application • Safety and Security • Lighting • Entertainment (Audio and Video) • Heating, Ventilation and Air conditioning • Others

DIY Smart Home Market, by Region

• North America • Europe • Asia Pacific • South America • Middle East and Africa

DIY Smart Home Market Key Players

• Nest Labs, Inc. • Honeywell International Inc. • Assa Abloy Group • Acuity Brands, Inc. • Johnson Controls Inc. • Schneider Electric SE • United Technologies Corporation • Samsung Electronics Co., Ltd. • Crestron Electronics, Inc. • AMX LLC (Harman) • Control4 Corporation • Siemens AG • Savant Systems LLC. • ABB Ltd. • Smartlabs, Inc. • Nortek, Inc.

Frequently Asked Questions:

1] Which region is expected to hold the highest share in the DIY Smart Home Market? Ans. North America is expected to hold the highest share in the DIY Smart Home Market. 2] Who are the top key players in the DIY Smart Home Market? Ans. Nest Labs, Inc., Honeywell International Inc., Assa Abloy Group, Acuity Brands, Inc., and Johnson Controls Inc. are the top key players in the DIY Smart Home Market. 3] Which segment is expected to hold the largest market share in the DIY Smart Home Market by 2027? Ans. Security & Access Control segment is expected to hold the largest market share in the DIY Smart Home Market by 2027. 4] What is the market size of the DIY Smart Home Market by 2027? Ans. The market size of the DIY Smart Home Market is expected to reach US $179.36 Bn. by 2027. 5] What was the market size of the DIY Smart Home Market in 2021? Ans. The market size of the DIY Smart Home Market was worth US $29.63 Bn. in 2021.
1. Global DIY Smart Home Market: Research Methodology 2. Global DIY Smart Home Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to the Global DIY Smart Home Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global DIY Smart Home Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global DIY Smart Home Market Segmentation 4.1 Global DIY Smart Home Market, by Product (2022-2027) • Lighting Control • Security & Access Control • HVAC Control • Entertainment Control • Home Healthcare • Smart Kitchen • Others 4.2 Global DIY Smart Home Market, by Technology (2022-2027) • Network Technologies • Protocols & Standards • Wireless Communication Technologies 4.3 Global DIY Smart Home Market, by Software (2022-2027) • Behavioral • Proactive 4.4 Global DIY Smart Home Market, by Application (2022-2027) • Safety and Security • Lighting • Entertainment (Audio and Video) • Heating, Ventilation and Air conditioning • Others 5. North America DIY Smart Home Market (2022-2027) 5.1 North America DIY Smart Home Market, by Product (2022-2027) • Lighting Control • Security & Access Control • HVAC Control • Entertainment Control • Home Healthcare • Smart Kitchen • Others 5.2 North America DIY Smart Home Market, by Technology (2022-2027) • Network Technologies • Protocols & Standards • Wireless Communication Technologies 5.3 North America DIY Smart Home Market, by Software (2022-2027) • Behavioral • Proactive 5.4 North America DIY Smart Home Market, by Application (2022-2027) • Safety and Security • Lighting • Entertainment (Audio and Video) • Heating, Ventilation and Air conditioning • Others 5.5 North America DIY Smart Home Market, by Country (2022-2027) • United States • Canada • Mexico 6. Europe DIY Smart Home Market (2022-2027) 6.1. Europe DIY Smart Home Market, by Product (2022-2027) 6.2. Europe DIY Smart Home Market, by Technology (2022-2027) 6.3. Europe DIY Smart Home Market, by Software (2022-2027) 6.4. Europe DIY Smart Home Market, by Application (2022-2027) 6.5. Europe DIY Smart Home Market, by Country (2022-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific DIY Smart Home Market (2022-2027) 7.1. Asia Pacific DIY Smart Home Market, by Product (2022-2027) 7.2. Asia Pacific DIY Smart Home Market, by Technology (2022-2027) 7.3. Asia Pacific DIY Smart Home Market, by Software (2022-2027) 7.4. Asia Pacific DIY Smart Home Market, by Application (2022-2027) 7.5. Asia Pacific DIY Smart Home Market, by Country (2022-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. South America DIY Smart Home Market (2022-2027) 8.1. South America DIY Smart Home Market, by Product (2022-2027) 8.2. South America DIY Smart Home Market, by Technology (2022-2027) 8.3. South America DIY Smart Home Market, by Software (2022-2027) 8.4. South America DIY Smart Home Market, by Application (2022-2027) 8.5. South America DIY Smart Home Market, by Country (2022-2027) • Brazil • Argentina • Rest Of South America 9. Middle East and Africa DIY Smart Home Market (2022-2027) 9.1 Middle East and Africa DIY Smart Home Market, by Product (2022-2027) 9.2. Middle East and Africa DIY Smart Home Market, by Technology (2022-2027) 9.3. Middle East and Africa DIY Smart Home Market, by Software (2022-2027) 9.4. Middle East and Africa DIY Smart Home Market, by Application (2022-2027) 9.5. Middle East and Africa DIY Smart Home Market, by Country (2022-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 10. Company Profile: Key players 10.1 Nest Labs, Inc. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Honeywell International Inc. 10.3 Assa Abloy Group 10.4 Acuity Brands, Inc. 10.5 Johnson Controls Inc. 10.6 Schneider Electric SE 10.7 United Technologies Corporation 10.8 Samsung Electronics Co., Ltd. 10.9 Crestron Electronics, Inc. 10.10 AMX LLC (Harman) 10.11 Control4 Corporation 10.12 Siemens AG 10.13 Savant Systems LLC. 10.14 ABB Ltd. 10.15 Smartlabs, Inc. 10.16 Nortek, Inc.

About This Report

Report ID 58082
Category Electronics
Published Date April 2020
Updated Date May 2022
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