Global Smart Home Hub Market is Likely to Grow at a CAGR More Than 5% in Terms of Shipment During 2016-2022
Smart Home Hub Market - Report Insight
A smart home hub is a hardware device that acts as a bridge among connected devices in the house and allows the end-user to control their communication. This device uses AI-based home automation technology to control other connected devices in the house.
Scope of the report
The report “Global Smart Home Hub Market - Strategic Assessment and Forecast 2017-2022â€, considers the present scenario of the global smart home hub market and its strategic assessment during the period 2016-2022. The report outlines the top trends, drivers, restraints, and profiles the leading five vendors in the market.
It provides the analysis of key segments of the market by distribution channel, geography, country, and vendors. It provides a comprehensive analysis of the revenue from the following segments:
By Distribution Channels
Retail stores
?Mass market players
Electronic stores
Online stores
By Geography
APAC
Europe
North America
RoW
The report also includes a detailed study of leading trends, drivers, and restraints for each region.
Smart Home Hub Market - Market Size and Dynamics
Analysts at Beige Market Intelligence expect that the global smart home hub market is likely to post a CAGR more than 5% and 4% in terms of unit shipment and revenue, respectively during 2016-2022. One of the reasons for increasing sales of smart home hub in developing as well as developed countries is urbanization. Urbanization has led to the creation of better job opportunities for people, which, in turn, leads to the improvement in their living standards. Increased per capita income and growth of dual-income households constitute the basis for increasing spend on smart devices worldwide. Further, the cost-effectiveness of smart home hubs offered online (often at discounted prices) is also attracting price-sensitive, new buyers in the market. In addition, improving global economic conditions will drive the growth of the market, making it attractive for vendors to launch new products.
Smart Home Hub Market - Trends, Drivers, and Challenges
Increasing clutter of smart home devices in households develops the need for a central device that can help end-users to control all other connected devices. Smart home hubs come handy in these situations, thereby finding their application increasing among end-users consumers worldwide. The increasing popularity of voice-first technology, rising investment on IoT by vendors, and growing push for digital economy in developing countries are among the other emerging trends that is going to boost the market during the forecast period.
Further, the report includes a detailed study of emerging trends, factors driving the growth, and expected challenges of the market during the period 2017-2022. Similarly, increased instances of voice searches and penetration of broadband and internet connections are among the major factors that are expected to drive the growth of the market. The report also includes Porter’s Five Forces analysis and their impact on the market.
Smart Home Hub Market - Geographical Analysis
Globally, North America is the largest market for smart home automation, and the market is growing rapidly. This will fuel the demand for smart home hub in the region. The demand for smart hub in Europe is high and is expected to increase during the forecast period. The major reason for the growth in demand is the introduction of upgraded smart home hub in the market by vendors. Also, the smart home penetration is increasing in the Western European countries. The report includes the market analysis of different regions such as North America, Latin America, APAC, MEA, and Europe. It outlines the major market shareholders and the market size analysis of all regions.
Smart Home Hub Market - Key Vendors and Market Share
The global smart home hub market is dominated by vendors that have international presence. Many international players are expected to expand their presence worldwide during the forecast period, especially in the fast-developing countries in APAC and Latin America to gain more market share.
The report profiles major companies in the global market and provides the competitive landscape and market share of the leading players. It covers the entire market outlook regarding the value chain operating in the market.
Prominent Vendors
Flex (Wink Labs)
LG Electronics
Samsung
Other prominent vendors included in the report are Alphabet, Apple, Control4, Cozify, Invoxia, Logitech International, Lowe’s (Iris), Lutron Electronics, SmartBeings, Smartlabs (Insteon), Vera Control, Vivint, Zipato (Tri plus grupa).
Why should you buy the report?
The report provides answers to the following questions related to the market.
What are the current changes witnessed by the market and how are they likely to impact the market landscape in the coming years?
Which factors are likely to affect the market over the next few years?
What are the major emerging trends and challenges for the market over the next five years?
What is the market size and market forecast for each product segment?
What is the market size and market forecast for each end-user type?
Which region is likely to witness the largest market share and what are the factors driving the market growth in the region?
What is the sale growth rate in key geographies?
Section 1 Research Methodology
Section 2 Report Coverage
2.1 Executive Summary
2.2 Scope of the Study
2.2.1 Definition of Product
2.2.2 Distribution Channel
2.2.3 End-user Segments
2.2.4 Base Year
2.2.5 Geography
2.3 Market Size Calculation Methodology
2.4 Report Assumptions
2.5 Vendor Segmentation
2.6 Common Currency Conversion Rates
Section 3 Market Landscape
3.1 Introduction
3.1.1 Emergence of Virtual-assistance Technology
3.2 Macroeconomic Factors driving Market Growth
3.2.1 Per Capita GDP in Developing Markets
3.2.2 Dual-income Households in Developed Markets
Section 4 Key Market Trends
4.1.2 YoY Impact of Market Trends
4.1.3 Impact of Market Trends on Geographies in 2016
4.1.4 Sensitivity Analysis of Key Market Trends
Section 5 Key Market Growth Drivers
5.1.1 YoY Impact of Market Drivers
5.1.2 Impact of Market Drivers on Geography in 2016
Section 6 Key Market Restraints
6.1.1 YoY Impact of Market Restraints
6.1.2 Impact of Market Restraints on Geographies in 2016
Section 7 Value Chain Analysis
7.1 Value Chain of Global Smart Home Hub Market
7.1.1 Raw Materials
7.1.2 Manufacturers
7.1.3 Distributors/Dealers
7.1.4 Retailers
7.1.5 End-user
Section 8 Smart Homes: An Introduction
8.1 Overview
8.2 IoT Specialized Network
8.2.1 Bluetooth
8.2.2 ZigBee
8.2.3 Z-Wave
8.2.4 Thread
8.2.5 Wi-Fi
8.2.6 Cellular
8.3 Opportunities in Connected Living Market
8.4 Market Development
8.5 Smart Device Ownership in Developed Countries
8.6 Smart Home Market by Key Country
8.6.1 US
8.6.2 UK
8.6.3 Germany
8.6.4 France
8.6.5 Italy
8.6.6 China
8.6.7 Other Prominent Countries
Section 9 Global Market Size and Forecast
9.1 Global Smart Home Hub Market
9.1.1 Historical Data: 2014-2015
9.1.2 Market Size and Forecast 2016?2022
9.2 Porter’s Five Forces Analysis
9.2.1 Threat of New Entrants
9.2.2 Bargaining Power of Suppliers
9.2.3 Bargaining Power of Buyers
9.2.4 Threat of Substitutes
9.2.5 Competitive Rivalry
Section 10 Market Segmentation by Distribution Channels
10.1 Distribution Channels of Global Smart Home Hub Market
10.1.1 Manufacture, Production, and Distribution
10.1.2 Distribution through Retail Stores
10.1.3 Distribution through Online Websites
Section 11 Geographical Segmentation
11.1 Market Overview
Section 12 Smart Home Hub Market in North America
12.1 Historical Market Size 2014?2015
12.2 Market Size and Forecast 2016?2022
12.3 Key Countries
12.4 Leading Trend, Driver, and Restraint
Section 13 Smart Home Hub Market in Europe
13.1 Historical Market Size 2014?2015
13.2 Market Size and Forecast 2016?2022
13.3 Key Countries
13.4 Leading Trend, Driver, and Restraint
Section 14 Smart Home Hub Market in APAC
14.1 Historical Market Size 2014?2015
14.2 Market Size and Forecast 2016?2022
14.3 Key Countries
14.4 Leading Trend, Driver, and Restraint
Section 15 Smart Home Hub Market in RoW
15.1 Historical Market Size 2014?2015
15.2 Market Size and Forecast 2016?2022
15.3 Key Countries
15.4 Leading Trend, Driver, and Restraint
Section 16 Vendor Landscape
16.1 Competitive Landscape
16.2 Market Structure and Mapping of Competition
Section 17 Key Vendor Analysis
17.1 Flex (Wink Labs)
17.1.1 Business Overview
17.1.2 Flex (Wink Labs) in Smart Home Hub Market
17.1.3 Major Product Offerings
17.1.4 Key Strategies
17.1.5 Key Strengths
17.1.6 Key Opportunities
17.2 LG Electronics
17.2.1 Business Overview
17.2.2 LG Electronics in Smart Home Hub Market
17.2.3 Major Product Offerings
17.2.4 Key Strategies
17.2.5 Key Strengths
17.2.6 Key Opportunities
17.3 Samsung Electronics
17.3.1 Business Overview
17.3.2 Samsung Electronics in Smart Home Hub Market
17.3.3 Major Product Offerings
17.3.4 Key Strategies
17.3.5 Key Strengths
17.3.6 Key Opportunities
Section 18 Other Vendors with Prominent Presence in Market
18.1 Alphabet
18.2 Apple
18.3 Control4
18.4 Cozify
18.5 Icontrol Networks
18.6 Invoxia
18.7 Logitech International
18.8 Lowe’s (Iris)
18.9 Lutron Electronics
18.10 SmartBeings
18.11 Smartlabs (Insteon)
18.12 Vera Control
18.13 Vivint
18.14 Zipato (Tri plus grupa)
Section 19 Summary of the Report
19.1 Descriptive Summary
Section 20 Summary of Figures
Section 21 Appendix
21.1 List of Abbreviations
Exhibits
Exhibit 1 Summary of Global Smart Home Hub Market 2016?2022
Exhibit 2 Global Smart Home Hub Market at a Glance 2016
Exhibit 3 Major Countries Considered in Different Geographies
Exhibit 4 Market Size Calculation Approach 2016
Exhibit 5 Various Factors Considered for this Report
Exhibit 6 Common Currency Conversion 2013?2016
Exhibit 7 Several Virtual Assistants in Market (May 2017)
Exhibit 8 Real GDP per Capita Growth in Various Developing Countries 2013-2015
Exhibit 9 Dual-income Households in US (1970 Vs. 2015)
Exhibit 10 Smart Home Device Market in US 2012-2022 (million units)
Exhibit 11 Google Trends for Voice Searches June 2008-March 2017
Exhibit 12 Increasing Share of Voice Searches by Timeline
Exhibit 13 Economic Impact of IoT in Various Settings by 2025 (impact in $ trillion)
Exhibit 14 Average IoT Expenditure by Various Industries 2015 (overall % of revenue)
Exhibit 15 Expected Contribution of Mobile Internet and IoT in GDP Growth in APAC by 2025
Exhibit 16 Digitization Plans of Select Countries in APAC
Exhibit 17 Sensitivity Analysis of Key Market Trends 2016-2022
Exhibit 18 Primary Reason for Using Voice Assistants and Voice Searches in US 2016
Exhibit 19 Primary Place of Voice Usage by US Nationals 2016
Exhibit 20 Voice Query on Hound Application in US by Major Categories
Exhibit 21 Total Fixed Broadband Subscriptions by Various Countries as of June 2016 (million)
Exhibit 22 Total Mobile Broadband Subscriptions by Select Countries as of June 2016 (million)
Exhibit 23 Number of Smart Homes in North America and Europe by Installed Base 2015?2020 (million units)
Exhibit 24 Global Smart Voice-assistant Speaker Market by Historical Data 2014?2015
Exhibit 25 Internet Penetration (Percentage of Internet Users against Overall Population) March 2017
Exhibit 26 Average Internet Speed in Select APAC Countries 2016
Exhibit 27 Value Chain Analysis of Smart Home Hub 2016
Exhibit 28 A Schematic Diagram of Smart Home Ecosystem
Exhibit 29 Opportunities and Impact for Solution Providers in Connected Living Market 2016
Exhibit 30 Key Vendors in Smart and Connected Markets 2016
Exhibit 31 Vendor Mapping in Smart and Connected Markets 2016
Exhibit 32 Key Market Development in Smart Home Market
Exhibit 33 Number of Smart Device Ownership in Developed Countries 2016
Exhibit 34 Smart Home Market in US 2015-2022 ($ billion)
Exhibit 35 Smart Home Market in UK 2015-2022 ($ billion)
Exhibit 36 Smart Home Market in Germany 2015-2022 ($ billion)
Exhibit 37 Smart Home Market in France 2015-2022 ($ billion)
Exhibit 38 Smart Home Market in Italy 2015-2022 ($ billion)
Exhibit 39 Smart Home Market in China 2015-2022 ($ billion)
Exhibit 40 Smart Home Market in Key Countries 2016-2022
Exhibit 41 Global Smart Home Hub Market by Historical Data 2014?2015
Exhibit 42 Global Smart Home Hub Market 2016?2022 (thousand units)
Exhibit 43 End-user of Voice Search by Age Category October 2016-March 2017
Exhibit 44 Global Smart Home Hub Market 2016?2022 ($ million)
Exhibit 45 Comparison of CAGR of Global Smart Home Hub Market vis-à-vis Global Smart Voice-assistant Speaker Market 2016?2022
Exhibit 46 ASP of Smart Home Hubs 2014?2022 ($)
Exhibit 47 Global Urban and Rural Human Population 1950?2050 (million)
Exhibit 48 Women Workforce in Japan 1985 vs. 2014
Exhibit 49 Penetration of Smartphones in North America, Western Europe, and APAC 2010?2022
Exhibit 50 Global Internet-based Offline Retail Sales vis-à-vis Brick-and-mortar and Online Sales 2006?2022
Exhibit 51 Five Forces Analysis 2016
Exhibit 52 Global Smart Home Hub Market by Distribution Channels
Exhibit 53 Distribution Channel Flow of Smart Home Hubs
Exhibit 54 Global Smart Home Hub Market by Distribution Channels 2016
Exhibit 55 Market Share of Various Regions in Global Smart Home Hub Market 2016 and 2022
Exhibit 56 Comparison of CAGR of Key Geographies 2016-2022
Exhibit 57 Smart Home Hub Market in North America by Historical Data 2014?2015
Exhibit 58 Annual Saving Ratio of US 2008?2017
Exhibit 59 Smart Home Hub Market in North America 2016?2022 (thousand units)
Exhibit 60 Change in US GDP Growth Rate (Q1 2006 ? Q2 2016)
Exhibit 61 Smart Home Hub Market in North America 2016-2022 ($ million)
Exhibit 62 Smart Home Hub Market in North America by Key Country 2016
Exhibit 63 Smart Home Hub Market in Europe by Historical Data 2014?2015
Exhibit 64 Smart Home Hub Market in Europe 2016?2022 (million units)
Exhibit 65 Changes in Per Capita Disposable Income in EU-28 Countries 2006?2015
Exhibit 66 Annual Saving Ratio of Western European Countries 2008?2017
Exhibit 67 Change in Annual Household Disposable Income in Europe 2008?2015 (%)
Exhibit 68 Smart Home Hub Market in Europe 2016?2022 ($ million)
Exhibit 69 Smart Home Hub Market in Europe by Key Countries (Unit Shipment) 2016
Exhibit 70 Smart Home Hub Market in APAC by Historical Data 2014?2015
Exhibit 71 Smart Home Hub Market in APAC 2016?2022 (million units)
Exhibit 72 Gross Domestic Savings of China, India, and South Korea 2008?2014 (percentage of income)
Exhibit 73 Increase in Urban Population in APAC (Overall Population %) 2005?2045
Exhibit 74 Smart Home Hub Market in APAC 2016?2022 ($ million)
Exhibit 75 Comparison of Southeast Asian Countries with Income Brackets 2010?2025
Exhibit 76 Urban Households in China: Income Breakup 2010?2020
Exhibit 77 Smart Home Hub Market in RoW by Historical Data 2014?2015
Exhibit 78 Smart Home Hub Market in RoW 2016-2022 (million units)
Exhibit 79 Smart Home Hub Market in RoW 2016-2022 ($ million)
Exhibit 80 Overview of Market Concentration in Various Geographies 2016 (as illustrated by HHI)
Exhibit 81 Global Smart Home Hub Market by Vendor Ranking 2016
Exhibit 82 Descriptive Summary of Global Smart Home Hub Market
Exhibit 83 Summary of Global Smart Home Hub Market by Geography 2016?2022 (thousand units)
Exhibit 84 Summary of Global Smart Home Hub Market by Geography (Unit Shipment) 2016?2022 (%)
Exhibit 85 Summary of Global Smart Home Hub Market by Geography 2016?2022 ($ million)
Exhibit 86 Summary of Global Smart Home Hub Market by Geography (Revenue) 2016?2022 (%)
