Market Overview
The DIY smart home market 2020 is on track to gain a
phenomenal valuation of approximately USD
54 Billion by 2023, estimates Market Research Future (MRFR). It is also
believed that the DIY smart home market can post a
growth rate of close to 35% between
2017 and 2023 (assessment period). We will provide COVID-19 impact analysis
with the report, offering an in-depth review following the coronavirus disease
outbreak.
COVID-19 Analysis
The most impactful event in the tech world in recent years
has been the COVID-19 outbreak, halting almost every activity worldwide. The
pandemic induced lockdown has increased the prevalence of the working from home
practice, with industrialists, sales & marketing teams and business leaders
continuously exploring new ways to maintain effective communication to produce
operational results.
The latest trend of staying at home due to social distancing
post SARS-CoV-2 has made everyone realize the importance of their current smart
home automation solutions. MRFR thinks that the novel coronavirus has been a
blessing for the DIY smart home market, given the surge in the appreciation for
smart technologies and higher expenditure on technology-based services for
smart homes. The COVID-19 impact has been such that people are now more likely
to opt for automated solutions at their homes.
Renowned Contenders
Some of the well-known contenders in the DIY smart home
industry include Samsung Electronics Co., Ltd. (South Korea), United
Technologies Corporation (U.S.), Nest Labs, Inc. (U.S.), Crestron Electronics
Inc. (U.S.), Honeywell International Inc. (U.S.), Acuity Brands, Inc. (U.S.),
Assa Abloy Group (Sweden), Johnson Controls Inc. (U.S.), Schneider Electric SE
(France), and more.
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Market Segmentation
MRFR study of the DIY smart home market considers segments
such as technology, product and software.
The prime technologies included in the report are wireless
communication technologies, protocols & standards and network technologies.
Product-wise market categories are Security & Access
Control, Home Healthcare, Lighting Control, HVAC Control, Entertainment Control,
Smart Kitchen, and more.
The software-based segments include proactive and
behavioral.
Regional Study
The DIY smart home market growth prospects for the period
between 2017 and 2023 have been assessed in the key regions of APAC/Asia
Pacific, Europe, North America, as well as RoW/Rest of the World.
Thanks to the high concentration of highly renowned companies
like Nortek Inc., Nestlabs Inc. and Smartlabs Inc., the North American market
has successfully clinched the top position among all regions. Moreover, the
desire among people for leading an aspirational lifestyle and enjoy a high
living standard, especially in Canada and the U.S, is leading to higher
spending on advanced technologies such as home automation tools.
Major Highlights of TOC Covers:
1. Executive Summary
2. Key Business Trends
3. Regional Trends and Growth
4. Product Trends
5. End-use Trends
6. Definition and Forecast Parameters
7. DIY Smart Home Market Segmentation
8. DIY Smart Home Market Landscape
Continued…
If you have any
requirements, let know and we will customize the report according to your need.
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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