The Business Research Company’s latest report Single-Family Smart Homes Global Market Report 2020 covers Single-Family Smart Homes market drivers, Single-Family Smart Homes market trends, Single-Family Smart Homes market segments, Single-Family Smart Homes market growth rate, Single-Family Smart Homes market major players, and Single-Family Smart Homes market size. The report provides in-depth analysis of the impact of COVID-19 on the Single-Family Smart Homes industry, along with revised market numbers due to the effects of the coronavirus.
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Single-Family Smart Homes Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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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.
The report covers the Single-Family Smart Homes market’s segments-
1) By Product: Home Monitoring and Security, Smart Lighting, Entertainment, Smart Appliances, Combination, Others.
2) By Technology: Wi-Fi, Bluetooth, GSM/GPRS, RFID, Others.
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