Best Connected Home Devices: A Complete Guide For 2021

Connected home devices refers to residential electrical appliances which are connected or enabled with digital communication technology such as Bluetooth, and Wi-Fi. These appliances include television, sound systems, lighting, HVAC, voice assistance devices, and others. Connected devices enables users to control the devices through remotely through a computer or smartphones.

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Top Key Players:

1. Phillips N.V.
2. Panasonic Corporation
3. Samsung Electronics
4. LG Electronics
5. Honeywell International Inc.
6. Schneider Electric
7. General Electric Company
8. Siemens AG
9. Johnson Controls
10. United Technologies

Owing to increasing inclination of adoption of connected devices by masses to improve the overall experience the connected home devices market is witnessing growth. However, lack of adoption in underdeveloped countries due to lack of digital infrastructure is hindering the growth of connected home devices market. Meanwhile, the decreasing prices of technology is anticipated to propel the connected home devices market in forth coming future.

The global connected home devices market is segmented on the basis of product and technology. On the basis of product, the market is segmented as lighting, entertainment, security system, smart thermostats, and others. On the basis of technology, the market is segmented as device based, mobile based, and hybrid.

Source: The Insight Partners