Revenue in European smart home market is projected to reach US$41.2 bn in 2027

 

The European smart home market will have a market size of 26.7 USD billion and this market size will increase up to 41.2 USD billion by the end of the forecast period i.e., by 2027 with a growth rate of 9.0%. The key aspects to the growth of this market are driven by a few factors including growing internet access in European region, rising need for energy saving and low-carbon emission-oriented solutions, increasing number of manufacturers expanding their smart home product portfolios, ongoing proliferation of smartphones, surging importance of home monitoring, and increasing safety, security, and convenience offered by smart home products are driving need for them.

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For the product segment of European smart home market, entertainment & other controls hold the largest market share for European smart home market in 2021. The growth of the entertainment & other controls market is driven by the convenience offered by these controls for managing and controlling the entertainment systems within a house. The advancements in wireless communication technologies are a significant factor boosting the growth of the home theater system control market, thereby driving the overall European smart home market for entertainment and other controls. Entertainment has become an important part of life as it provides relaxation and rejuvenation.

The most important feature of entertainment control is its ability to integrate multi-room entertainment systems. Audio and video systems can be integrated through wires or wirelessly with personal computers/laptops, CD/DVD players, smartphones, satellite radios, or portable music players to enable access to videos/movies and audio collection from any part of the home. Audio and volume controls are used to regulate and control the sound of the music systems and home theaters. Multimedia room controls comprise audio and video systems, theaters, and cinema room installations. Touchscreens and keypads are mainly used to control the audio-video systems in homes. Therefore, a host of controllers are used to control and regulate entertainment systems in homes.

Under the segmentation of software & service for European smart home market, the behavioral software are expected to contribute maximum towards the market share during 2022 to 2027, i.e., the forecast period. The behavioral segment of the European smart home market is projected to reach USD 5.3 billion by 2027, holding the largest market share in the software segment; it is expected to grow at a CAGR of 13.0% from 2022 to 2027. Increasing awareness among users in European countries regarding controlling and managing energy consumption is also leading to a rise in demand for behavioral software and services in the region.

This has also led to an increase in innovations pertaining to connected devices and smart homes in several countries, including France, Italy, and Spain. With increasing awareness about energy saving among end users in Europe, the companies offering smart home-related software and services are expected to witness an increased penetration of their smart home technologies in the region. Behavioral software and algorithms are limited to delivering and receiving data and do not take intelligent activities such as the proactive types. Factors such as the growing connection between machine-to-machine solutions and the Internet of Things might be attributed to behavioral software and services' increased market share. The behavioral software and services provide individuals real-time access to their gadgets and insights into their energy usage habits, allowing them to make informed energy consumption decisions. The growing number of smart city projects and green building initiatives supported by European governments is likely to boost demand for behavioral software and services even more.

Under the market segmentation of sales channel for European smart home market comes direct sales channel and indirect sales  channel. In 2021, the indirect sales channel segment accounted for the larger share of the European smart home market. Indirect sales channels or third-party service providers hold a major share of the European smart home market. Most players in the market have strong sales channels and distribution networks to provide services to their end users. Indirect sales include selling smart home products through both online and offline modes. Offline sales channels comprise third-party cellular network carriers, wholesalers, retailers, and value-added resellers. Online sales channels involve sales through e-commerce platforms.

The COVID-19 pandemic resulted in a rise in the use of indirect sales channels. Due to lockdowns in various countries worldwide, people have started using online websites frequently, and their preference for online channels has increased post the outbreak of the pandemic. Subsequently, companies offer product setup and installation services that help users buy products online without hesitation. Moreover, third-party delivery providers have started taking extra precautions to encourage consumers to buy without reservations about getting infected.

The region wise segmentation of European smart home market depicts the maximum share of the European smart home market in the UK in the base year i.e., 2021. The UK is one of the early adopters of smart homes in Europe. Following regulations to ensure the safety of occupants in a building is mandatory in the UK. The government updates fire safety rules and laws—such as Regulatory Reform (Fire Safety)—from time to time to prevent fire accidents. Key fire protection product and service providers in the UK include Fire Suppression (UK) and Argus Fire Protection (UK). The UK has experienced a noticeable increase in the use of surveillance systems and is one of the world leaders in using video surveillance equipment on most premises. Major manufacturers in this segment are Crestron Electronics, Inc. (US), Snap One (US), Siemens (Germany), and Schneider Electric (France).

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Vibration Sensors Market valued at $3.0 billion after latest revenue impact report by MarketsandmarketsTM

 

The vibration sensors market was valued at USD 2.0 billion in 2020 and is projected to reach USD 3.0 billion by 2025; it is expected to grow at a CAGR of 8.2% from 2020 to 2025. A couple of key variables driving the development of this market are developing reception of computerized condition checking innovations for the improvement of brilliant manufacturing plants, rising utilization of remote frameworks for machine condition observing, continuous progress from preventive to prescient support, and expanding interest for vibration sensors from arising applications.

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Baker Hughes Company (US), TE Connectivity (Switzerland), SKF (Sweden), Honeywell International Inc. (US), Emerson Electric Co. (US), Robert Bosch (Germany), NXP Semiconductors (Switzerland) Omron Corp. (Japan), Rockwell Automation Inc. (US), National Instruments (US), Robert Bosch (Germany), Dytran Instruments, Inc. (US), KEYENCE Corp. (Japan), Fluke Corp. (US), Wilcoxon Sensing Technologies (US), PCB Piezotronics (US), and SPM instrument (Sweden), are among the central parts in the vibration sensors market. A large portion of the main organizations have involved item dispatches and improvements as key procedures to support their incomes.

Top 2 Market Players:

Baker Hughes Company (US) (Baker Hughes) engages in the provision of oilfield products, services, and digital solutions. The Digital Solutions fragment of the organization offers vibration sensors under the Bently Nevada brand. Bently Nevada, a Baker Hughes business, offers an expansive, comprehensive set-up of machine condition checking and insurance equipment, programming, and administrations. The organization has a worldwide presence in excess of 120 nations across the Americas, EMEA, and APAC.To fill in the vibration sensors market, the organization has fostered a wide arrangement of vibration sensors with various models for explicit applications. The organization has utilized IoT in its minimal and strong remote vibration sensors — Ranger Pro and condition-based checking framework — to further develop uptime, efficiency, and security. Officer Pro can be utilized to assemble significant machine wellbeing information from an expansive scope of hardware across different ventures, including power age, oil and gas, mining, mash and paper, and metal handling.

SKF (Sweden) is a manufacturer of machines and rotating equipment. It provides technical support, maintenance services, condition monitoring, asset efficiency optimization, engineering consultancy, and training services. The organization gives vibration sensors to machine condition checking frameworks in businesses like oil and gas, energy and power, food and refreshments, metals and mining, concrete, and paper and mash enterprises, among others. To fill in the vibration sensors market, the organization has embraced a blend of natural and inorganic development systems, for example, joint efforts and item dispatches. The organization expects to computerize vibration information assortment using remote vibration sensors, like SKF Enlight Collect IMx-1, to increments imperfection identification rates and keep away from impromptu machine closures. SKF can assist clients with improving pivoting gear execution through quicker and viable writing about the condition of parts and resources.

Related Reports:

Vibration Sensors Market with Covid-19 Impact by Type (Accelerometers, Proximity Probes, Displacement Sensors, Velocity Sensors), Monitoring Process (Online and Portable), Equipment, Industry, and Region - Global Forecast to 2025

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SCHOTT (Germany) and AMETEK, Inc. (US) are Leading Players in the Hermetic Packaging Market

 

The worldwide airtight bundling market size is supposed to develop from USD 3.5 billion out of 2020 to USD 4.3 billion by 2025 at a CAGR of 4.3%. The development of this market is credited to the rising utilization of airtight bundling for safeguarding exceptionally delicate electronic parts and expanding request from ventures like aviation and auto hardware.

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Key players in the hermetic packaging market include SCHOTT (Germany), AMETEK, Inc. (US), Amkor Technology, Inc. (US), Texas Instruments Incorporated (US), Teledyne Technologies (US), Kyocera Corporation (Japan), Materion Corporation (US), Egide (France), Micross Components Inc. (US), and Legacy Technologies Inc. (US). These players have adopted various growth strategies such as contracts, agreements, acquisitions, product launches, expansions, and partnerships to increase their presence in the global market.

SCHOTT (Germany)

SCHOTT is basically taken part in the turn of events and assembling of glasses and glass ceramics, specialty materials, parts, and frameworks in electronic bundling, high level optics, level glass, lighting and imaging, home tech, drug bundling, and tubing section. The organization's electronic bundling specialty unit creates and makes airtight seals and different parts for the drawn out insurance of delicate gadgets. This portion basically serves clients from an extensive variety of use showcases that incorporate car and energy, customer hardware, clinical innovation, and information and broadcast communications.

AMETEK, Inc. (US)

AMETEK manufactures electromechanical devices and electronic instruments for the global electronics and semiconductor market. AMETEK operates more than 150 facilities and 100 sales & service locations worldwide. The company’s major subsidiaries/brands include Coining Inc., Hermetic Seal Corporation (HSC), AMETEK Aegis, Sealtron, AMETEK SCP, and Glasseal Products, Inc.  HSC fundamentally plans and produces airtight fixed connectors, headers, pressure bulkheads, and feedthroughs. It gives glass-to-metal-fixed interconnection gadgets to many organizations associated with the protection, aviation, atomic, geophysical, and clinical fields. Additionally, AMETEK Aegis offers glass-to-metal-seal airtight bundles (stages, modules, and flatpacks) for the microelectronic business. Sealtron fabricates round airtight fixed connectors.

Related Reports:

Hermetic Packaging Market with COVID-19 impact by Configuration (Multilayer Ceramic Packages, Metal Can Packages, Pressed Ceramic Packages), Type (Ceramic-Metal Sealing, Glass-Metal Sealing), Application, Industry, and Region - Global Forecast to 2025

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Artificial Intelligence in Cybersecurity Market worth $38.2 billion by 2026

 

The report "Artificial Intelligence in Cybersecurity Market by Offering (Hardware, Software, and Service), Deployment Type, Security Type, Technology (ML, NLP, and Context-Aware), Application (IAM, DLP, and UTM), End User, and Geography- Global Forecast to 2026", is projected to reach USD 38.2 billion by 2026 from USD 8.8 billion in 2019, at the highest CAGR of 23.3%. Major drivers for the market’s growth are growing adoption of IoT and increasing number of connected devices, rising instances of cyber threat, growing concerns of data protection, and increasing vulnerability of Wi-Fi networks to security threats. Furthermore, underlying opportunities for the AI in cybersecurity market include growing need for cloud-based security solutions among SMEs, and increased use of social media for business functions. Major restraints for the market are inability of AI to stop zero-day and advanced threats, and rise in insider cyber threats. Limited number of cybersecurity and AI professionals, and lack of interoperability with existing information systems pose major challenges to the AI in cybersecurity market.

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Cloud-based deployment type for AI in cybersecurity to grow at higher CAGR during forecast period

Cloud deployment type is expected to grow at a higher rate during the forecast period. Several businesses have already moved a part of their operations to the cloud, which has led security vendors to develop cloud-based solutions as the data to be protected is on the cloud. Migrating to the cloud has benefits such as enhanced flexibility, control, and scalability. Cloud deployment significantly reduces the capital investment that is required to implement cybersecurity solutions; this is among the major reasons for the increased demand for cloud-based cybersecurity from most enterprises.

Automotive and transportation to hold largest size of AI in cybersecurity market during forecast period

Of all the types of end users, automotive and transportation to hold the largest market size of the AI in cybersecurity market during the forecast period. In the automotive industry, Big Data poses a significant problem with connected car becoming more of a gadget than a purely physical product, constantly synced and updated. It now produces huge amounts of data. Combining machine learning with Big Data analytics presents an opportunity to make sense of the huge volumes of valuable data collected from vehicles, servers, and smart mobility services. Using machine learning, patterns of “normal” behavior can serve as baselines to identify anomalies from cyber threats and policy violations to vehicle and driver irregular behaviors.

North America is major contributor for AI in cybersecurity and is expected to hold largest market size in next 5 years

North America is among the major contributors to the AI in cybersecurity market, and the US accounted for the largest share of the market in North America in 2018. The global AI in cybersecurity market is dominated by North America as the region is an early adopter of AI. North America is an early adopter of innovative technologies as banks, government agencies, and financial institutes in this region face ever-increasing challenges related to cyber threats. Therefore, advanced technologies are implemented to manage the cyber security landscape. Moreover, several cybersecurity vendors are based in this region, thereby contributing to the growth of the AI in cybersecurity market in North America.

NVIDIA Corporation (US), Intel Corporation (US), Xilinx Inc. (US), Samsung Electronics Co., Ltd (South Korea), Micron Technology, Inc. (US), IBM Corporation (US), Amazon Web Services, Inc. (US), Darktrace (UK),  Cylance Inc. (US), Vectra AI, Inc. (US), ThreatMetrix Inc. (US), Securonix Inc. (US), Sift Science (US), Acalvio Technologies (US), SparkCognition Inc. (US), Palo Alto Networks Inc. (US), and Symantec Corporation (US) are a few major players in the AI in cybersecurity market

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Digital Signage Market expected to reach $27.8 billion by 2026

 

The report "Digital Signage Market with COVID-19 Impact Analysis by Offering (Hardware, Software, Services), Product, Display Size, Installation Location, Application (Retail, Healthcare, Hospitality, BFSI, Education), and Geography - Global Forecast to 2026" The global digital signage market will grow to USD 27.8 billion by 2026 (forecast year) from USD 16.3 billion in 2021 (estimated year), at a CAGR of 11.2% between 2021 to 2026. The key drivers fueling the growth of this market include the growing adoption of digital signage in commercial applications, increasing infrastructure developments in emerging countries, surging demand for 4K & 8K resolution displays, and ongoing technological advancements in displays.  

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The software segment to register higher CAGR during the forecast period

Technological advancements, rising need for real-time content delivery, and increasing applications of smart signage have led to the growth of the software segment of the digital signage market. The higher frequency of purchases and subscriptions associated with digital signage software due to various useful benefits offered by it complemented with the low purchasing frequency of hardware devices due to their long operational life is another major factor contributing to the growth of the software segment. Software licenses need to be purchased and upgraded at regular intervals, which is further expected to accelerate the market growth of software in coming years.

The indoor installation segment to hold the largest market share in 2026

Indoor signage has witnessed significant demand in healthcare, education, corporate and broadcast, and retail applications. The demand for indoor signage in these applications mainly stems from the ongoing adoption of immersive and highly interactive display technologies. Additionally, the rapid adoption of self-service kiosks, which allow customers in retail applications to browse digital products and make purchases, is further driving the growth of the market for indoor digital signage. Indoor digital signage products, such as interactive digital screens, influence customers’ purchase decisions. Meanwhile, the usage of indoor digital menu boards helps improve operational efficiency and customer experience. Samsung, NEC, and LG are among the major players focusing on a wide range of indoor digital signage applications.

APAC to register higher CAGR during the forecast period

APAC is projected to lead the digital signage market from 2021 to 2026. Increasing adoption of the Internet of Things (IoT) and technologies that enable digital transformation across various sectors such as commercial, institutional, infrastructure, and industrial has fueled the demand for digital signage in APAC. In addition, strong economic growth, rise in consumerism, growth in the standards of living, increase in disposable income, high technological advancements, growth of retail space, and changes in lifestyles have accelerated the adoption of strong and reliable advertising media in the countries of the region. However, the rise of online advertising and issues related to the adoption of digital signage in various applications are expected to restrict the growth of the digital signage market in APAC.

Major players in the digital signage market are Samsung Electronics (South Korea), LG Electronics (South Korea), Sharp Corporation (Japan), Leyard Optoelectronic (US), Sony Corporation (Japan), Barco (Belgium), Panasonic Corporation (Japan), Shanghai Goodview Electronics (China), AU Optronics (Taiwan), and BrightSign (US). The top players have adopted merger & acquisition, partnership, collaboration, and product launch strategies to grow in the global precision farming market.

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Smart Home Market is expected to grow $138.9 billion by 2026 : Research Analysis Study

 

The report "Smart Home Market with COVID-19 Impact Analysis by Product (Lighting Control, Security & Access Control, HVAC Control, Smart Speaker, Smart Kitchen, Smart Furniture), Software & Services, Sales Channel, and Region - Global Forecast to 2026" The global smart home market is projected to grow from USD 84.5 billion in 2021 to USD 138.9 billion by 2026; it is expected to grow at a CAGR of 10.4% from 2021 to 2026. The most significant factors driving the growth of the smart home market is the increasing importance of home monitoring in remote locations and growing concern with regards to safety, security and convenience among general population, the increasing number of internet users and growing adoption of smart devices along with growing need for energy-saving and low carbon emission-oriented solutions has been crucial for increased demand of smart home systems.

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The smart furniture to register the highest CAGR during the forecast period.

The market for smart furniture is expected to grow at the highest CAGR during the forecast period. The shifting trend of the adoption of furniture that can be connected to IoT, coupled with increasing disposable income and changing lifestyle, is expected to contribute to the growth of the market. In addition, due to escalating property prices, many people are opting for smaller living spaces. Owing to space constraints, consumers prefer smart furniture that saves a significant amount of space. Smart furniture offer multiple benefits to consumers as they occupy minimal space, along with being interactive and transformative.

The proactive type software and services segment to register the highest CAGR during the forecast period.

The market for proactive software is projected to grow at a higher CAGR during the forecast period. The proactive software enable the transfer of a higher volume of data than the behavioral versions; they can provide end users with inputs on effective energy usage and actions on the physical parameters, such as ambient humidity and temperature, to reduce energy consumption. The algorithms associated with the proactive software and services can also comparatively analyze the energy usage patterns based on the time of the day, historical data, and weather conditions. Proactive software and services are more beneficial than behavioral as they send recommendation signals to end users to take necessary actions to reduce energy consumption; consequently, based on the users’ actions, the measures to control the electronic devices can be implemented. Proactive solutions are specifically designed to enable consumers to understand energy patterns and take effective measures to optimize their consumption.

Indirect sales channel to hold the largest share of smart home market during forecast period.

Indirect sales channels or third-party service providers hold a major share of the smart home market. Most players in the market have strong sales channels and distribution networks to provide services to end users. Indirect sales channels involve the sale of smart devices and products through both online and offline modes. Offline sales channel comprises third-party cellular network carriers, wholesalers, retailers, and value-added resellers. Online sales channels involve sales through e-commerce platforms. Customers can easily review the product with specifications and design and can order online. Setup and installation services for smart home products and systems are usually provided when customers purchase products online. Apart from this, individual distributors procure devices from a variety of suppliers for sale to end users within their geographic areas.

APAC to register highest CAGR in Global smart home market during 2021- 2026.

The market in APAC is expected to grow at the highest CAGR during the forecast period. The growing inclination toward smart building infrastructure in developing economies of the region, such as Japan, South Korea, and China, a huge customer base, and rapid technological advancements in smart home products are driving the development of the market in APAC. Moreover, in developed countries, including Japan and South Korea, government initiatives such as net-zero homes are driving the smart home market. Furthermore, the market in Australia is mainly driven by consumer interest, while rapid housing developments in China are expected to increase the penetration of smart home systems in the country.

Major players in the smart home market are Honeywell (US), Siemens (Germany), Johnson Controls (Ireland), Schneider Electric (France), ASSA ABLOY (Sweden), Amazon (US), Apple (US), ADT (US), ABB (Switzerland), Robert Bosch (Germany), Sony (Japan), Samsung Electronics (South Korea), Crestron Electronics (US), LG Electronics (South Korea), and Legrand (France). Apart from these, , Ooma (US), Delta Controls (Canada), Control4 (US), Axis Communications (Sweden), Comcast (US), Smarthome (US), SimpliSafe (US), Armorax (US), Canary (US), and Lutron (US). The top players have adopted merger & acquisition, partnership, collaboration, and product launch strategies to grow in the global precision farming market.

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Edge AI Hardware Market 2026 Research Study Edition

 

According to a research report "Edge AI Hardware Market with COVID-19 Impact Analysis device, Processor (CPU, GPU, and ASICs), End User, Function (Training and Inference), Power (Less Than 1W, 1-3 W, 3-5 W, 5-10W and more than 10W) and Region - Global Forecast to 2026" published by MarketsandMarkets, the edge AI hardware market is projected to grow from 920 million units in 2021 to 2,080 million units by 2026; it is expected to grow at a CAGR of 17.7% from 2021 to 2026.

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The rise in demand for low latency and real-time processing on edge devices, the emergence of AI coprocessors for edge computing, the reduction in data storage and operations expenses, the boost in enterprise workloads on the cloud, and the fast growth in the number of intelligent applications are all contributing to the market's growth.

Smartphones to hold the largest market share during the forecast period in the edge AI hardware market

In terms of volume, cellphones accounted for roughly 75% of the edge AI hardware market in 2020. During the projected period, rising smartphone demand might fuel the growth of the edge AI hardware market. In terms of image and photography, power efficiency, and security, smartphones with Edge AI have much more capabilities.

Use of edge AI hardware among consumer electronics is expected to witness the largest share during the period 2021 and 2026

In terms of volume, the consumer electronics industry dominates. This is because consumer spending and demand for consumer gadgets are increasing. Smartphones, smart wearables, and other electronic gadgets are in high demand. Furthermore, the emergence of new edge AI use cases can lead to a significant increase in consumer devices in the edge AI hardware industry.

APAC to grow at the largest CAGR in edge AI hardware market during the forecast period

In APAC, China is the largest market for artificial intelligence, followed by Japan; this makes the region an attractive market for edge AI hardware applications. The presence of a large number of manufacturing companies, along with the strong presence of automobile and electronics and semiconductor companies, in China and Japan drives the growth of the edge AI hardware market in APAC. Applications such as smartphones, industrial robots, and automotive have huge potential. With the growing penetration of smartphones in China, Japan, India, and South Korea, the adoption of AI processor-enabled smartphones in APAC is expected to increase in the coming years. APAC is also one of the largest markets for industrial robots, surveillance cameras, and wearable devices, which are integrated with vision processing units to accelerate AI tasks.

The report profiles key players such as Apple (US), Intel (US), NVIDIA (US), Qualcomm Technologies (US), Huawei Technologies (China), Samsung Electronics (South Korea), IBM (US), Micron Technology (US), Xilinx (US), Google (US), Microsoft (US) and AMD (US).

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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