The Latin America, Middle East and Africa Smart Home Hardware Market would witness market growth of 14.7% CAGR during the forecast period (2022-2028).
The term "internet of things" was coined to describe the increasing range of smart, connected products on the market, as well as the new opportunities it can provide. The internet is just a method for delivering information, whether it involves people or objects. The evolving nature of the "things" is what distinguishes smart, connected products from the competition. Smart, connected goods' enhanced capabilities, as well as the data it generate, are leading to a new age of competitiveness. Companies must consider the competitive shift taking place in addition to the technologies by themselves. Physical components, "smart" components, and connectivity elements are the three main components of smart, linked devices. Connectivity enhances the capacity and worth of smart components, allowing some of it to exist outside of the physical product. As a result, a virtuous cycle of value enhancement is created.
The population and government of this region are always ahead in adopting smart technologies and making efforts to strengthen the smart technologies infrastructure. Hence, the region is increasingly incorporating the smart home automation system into routine life. The smart house will enable users of the region to recognize the visitor at the entrance by speaking with the host on the screen, handle the entrance door from outside the home via the Internet and mobile phone, and screen visitors. In the UAE, smart homes, which feature a digitized lifestyle through networking consumer electronics, are on the verge of becoming a reality.
For instance, according to the telecom operator, moving to a smart home would enhance people's quality of life throughout the country. Consumers are invited to visit Smart Home experience center in Al Salam Tower, Media City, to better understand and enjoy the benefits of a Smart Home. People in the UAE will benefit from changing to a smart home since it would improve the quality of life. UAE customers are accustomed to being continuously linked as a developing nation with a large youth population. In modern situation, people are happy to bring connectivity into the home and make the smart home an actuality for consumers.
The Brazil market dominated the LAMEA IoT Hardware for Smart Appliances Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $93.9 Million by 2028. The Argentina market is poised to grow at a CAGR of 16.5% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 15.9% during (2022 - 2028).
Based on Product, the market is segmented into IoT Hardware for Control & Connectivity Devices, IoT Hardware for Security & Surveillance Equipment, and IoT Hardware for Smart Appliances. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Smart Home Hardware Market is Predict to reach $48 Billion by 2028, at a CAGR of 12.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Google LLC, Amazon.com, Inc., Schneider Electric SE, Honeywell International, Inc., ABB (ASEA Brown Boveri) Group, Johnson Controls International PLC, Panasonic Corporation, Legrand S.A., Samsung Electronics Co. Ltd., and General Electric (GE) Co.
Scope of the Study
Market Segments Covered in the Report:
By Product
- IoT Hardware for Control & Connectivity Devices
- IoT Hardware for Security & Surveillance Equipment
- IoT Hardware for Smart Appliances
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Google LLC
- Amazon.com, Inc.
- Schneider Electric SE
- Honeywell International, Inc.
- ABB (ASEA Brown Boveri) Group
- Johnson Controls International PLC
- Panasonic Corporation
- Legrand S.A.
- Samsung Electronics Co. Ltd.
- General Electric (GE) Co.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Smart Home Hardware Market, by Product
1.4.2 LAMEA Smart Home Hardware Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2019, Dec – 2022, Apr) Leading Players
Chapter 4. LAMEA Smart Home Hardware Market by Product
4.1 LAMEA IoT Hardware for Control & Connectivity Devices Market by Country
4.2 LAMEA IoT Hardware for Security & Surveillance Equipment Market by Country
4.3 LAMEA IoT Hardware for Smart Appliances Market by Country
Chapter 5. LAMEA Smart Home Hardware Market by Country
5.1 Brazil Smart Home Hardware Market
5.1.1 Brazil Smart Home Hardware Market by Product
5.2 Argentina Smart Home Hardware Market
5.2.1 Argentina Smart Home Hardware Market by Product
5.3 UAE Smart Home Hardware Market
5.3.1 UAE Smart Home Hardware Market by Product
5.4 Saudi Arabia Smart Home Hardware Market
5.4.1 Saudi Arabia Smart Home Hardware Market by Product
5.5 South Africa Smart Home Hardware Market
5.5.1 South Africa Smart Home Hardware Market by Product
5.6 Nigeria Smart Home Hardware Market
5.6.1 Nigeria Smart Home Hardware Market by Product
5.7 Rest of LAMEA Smart Home Hardware Market
5.7.1 Rest of LAMEA Smart Home Hardware Market by Product
Chapter 6. Company Profiles
6.1 Google LLC
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Segmental and Regional Analysis
6.1.4 Research & Development Expense
6.1.5 Recent strategies and developments:
6.1.5.1 Partnerships, Collaborations, and Agreements:
6.1.6 SWOT Analysis
6.2 Amazon.com, Inc.
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental Analysis
6.2.4 Recent strategies and developments:
6.2.4.1 Product Launches and Product Expansions:
6.2.4.2 Acquisition and Mergers:
6.2.5 SWOT Analysis
6.3 Schneider Electric SE
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Segmental and Regional Analysis
6.3.4 Research & Development Expenses
6.3.5 Recent strategies and developments:
6.3.5.1 Partnerships, Collaborations, and Agreements:
6.3.5.2 Product Launches and Product Expansions:
6.3.6 SWOT Analysis
6.4 Honeywell International, Inc.
6.4.1 Company Overview
6.4.2 Financial Analysis
6.4.3 Segmental and Regional Analysis
6.4.4 Research & Development Expenses
6.4.5 SWOT Analysis
6.5 ABB Group
6.5.1 Company Overview
6.5.2 Financial Analysis
6.5.3 Segmental and Regional Analysis
6.5.4 Research & Development Expenses
6.5.5 Recent strategies and developments:
6.5.5.1 Partnerships, Collaborations, and Agreements:
6.5.5.2 Product Launches and Product Expansions:
6.5.6 SWOT Analysis
6.6 Johnson Controls International PLC
6.6.1 Company Overview
6.6.2 Financial Analysis
6.6.3 Regional Analysis
6.6.4 Research & Development Expenses
6.6.5 Recent strategies and developments:
6.6.5.1 Partnerships, Collaborations, and Agreements:
6.6.5.2 Acquisition and Mergers:
6.7 Panasonic Corporation
6.7.1 Company Overview
6.7.2 Financial Analysis
6.7.3 Segmental and Regional Analysis
6.7.4 Research & Development Expense
6.7.5 Recent Strategies and Development
6.7.5.1 Product Launches and Product Expansions:
6.7.6 SWOT Analysis
6.8 Legrand S.A.
6.8.1 Company Overview
6.8.2 Financial Analysis
6.8.3 Regional Analysis
6.8.4 Research & Development Expense
6.8.5 Recent Strategies and Developments
6.8.5.1 Product Launches and Product Expansions:
6.8.5.2 Acquisitions and Mergers:
6.9 Samsung Electronics Co. Ltd.
6.9.1 Company Overview
6.9.2 Financial Analysis
6.9.3 Segmental and Regional Analysis
6.9.4 Research & Development Expenses
6.9.5 Recent strategies and developments:
6.9.5.1 Partnerships, Collaborations, and Agreements:
6.9.6 SWOT Analysis
6.10. General Electric (GE) Co.
6.10.1 Company Overview
6.10.2 Financial Analysis
6.10.3 Segmental and Regional Analysis
6.10.4 Research & Development Expense
6.10.5 Recent Strategies and Developments
6.10.5.1 Partnerships, Collaborations and Agreements:
6.10.6 SWOT Analysis
TABLE 1 LAMEA Smart Home Hardware Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Smart Home Hardware Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Smart Home Hardware Market
TABLE 4 Product Launches And Product Expansions– Smart Home Hardware Market
TABLE 5 Acquisition and Mergers– Smart Home Hardware Market
TABLE 6 LAMEA Smart Home Hardware Market by Product, 2018 - 2021, USD Million
TABLE 7 LAMEA Smart Home Hardware Market by Product, 2022 - 2028, USD Million
TABLE 8 LAMEA IoT Hardware for Control & Connectivity Devices Market by Country, 2018 - 2021, USD Million
TABLE 9 LAMEA IoT Hardware for Control & Connectivity Devices Market by Country, 2022 - 2028, USD Million
TABLE 10 LAMEA IoT Hardware for Security & Surveillance Equipment Market by Country, 2018 - 2021, USD Million
TABLE 11 LAMEA IoT Hardware for Security & Surveillance Equipment Market by Country, 2022 - 2028, USD Million
TABLE 12 LAMEA IoT Hardware for Smart Appliances Market by Country, 2018 - 2021, USD Million
TABLE 13 LAMEA IoT Hardware for Smart Appliances Market by Country, 2022 - 2028, USD Million
TABLE 14 LAMEA Smart Home Hardware Market by Country, 2018 - 2021, USD Million
TABLE 15 LAMEA Smart Home Hardware Market by Country, 2022 - 2028, USD Million
TABLE 16 Brazil Smart Home Hardware Market, 2018 - 2021, USD Million
TABLE 17 Brazil Smart Home Hardware Market, 2022 - 2028, USD Million
TABLE 18 Brazil Smart Home Hardware Market by Product, 2018 - 2021, USD Million
TABLE 19 Brazil Smart Home Hardware Market by Product, 2022 - 2028, USD Million
TABLE 20 Argentina Smart Home Hardware Market, 2018 - 2021, USD Million
TABLE 21 Argentina Smart Home Hardware Market, 2022 - 2028, USD Million
TABLE 22 Argentina Smart Home Hardware Market by Product, 2018 - 2021, USD Million
TABLE 23 Argentina Smart Home Hardware Market by Product, 2022 - 2028, USD Million
TABLE 24 UAE Smart Home Hardware Market, 2018 - 2021, USD Million
TABLE 25 UAE Smart Home Hardware Market, 2022 - 2028, USD Million
TABLE 26 UAE Smart Home Hardware Market by Product, 2018 - 2021, USD Million
TABLE 27 UAE Smart Home Hardware Market by Product, 2022 - 2028, USD Million
TABLE 28 Saudi Arabia Smart Home Hardware Market, 2018 - 2021, USD Million
TABLE 29 Saudi Arabia Smart Home Hardware Market, 2022 - 2028, USD Million
TABLE 30 Saudi Arabia Smart Home Hardware Market by Product, 2018 - 2021, USD Million
TABLE 31 Saudi Arabia Smart Home Hardware Market by Product, 2022 - 2028, USD Million
TABLE 32 South Africa Smart Home Hardware Market, 2018 - 2021, USD Million
TABLE 33 South Africa Smart Home Hardware Market, 2022 - 2028, USD Million
TABLE 34 South Africa Smart Home Hardware Market by Product, 2018 - 2021, USD Million
TABLE 35 South Africa Smart Home Hardware Market by Product, 2022 - 2028, USD Million
TABLE 36 Nigeria Smart Home Hardware Market, 2018 - 2021, USD Million
TABLE 37 Nigeria Smart Home Hardware Market, 2022 - 2028, USD Million
TABLE 38 Nigeria Smart Home Hardware Market by Product, 2018 - 2021, USD Million
TABLE 39 Nigeria Smart Home Hardware Market by Product, 2022 - 2028, USD Million
TABLE 40 Rest of LAMEA Smart Home Hardware Market, 2018 - 2021, USD Million
TABLE 41 Rest of LAMEA Smart Home Hardware Market, 2022 - 2028, USD Million
TABLE 42 Rest of LAMEA Smart Home Hardware Market by Product, 2018 - 2021, USD Million
TABLE 43 Rest of LAMEA Smart Home Hardware Market by Product, 2022 - 2028, USD Million
TABLE 44 Key Information – Google LLC
TABLE 45 Key Information – Amazon.com, Inc.
TABLE 46 Key Information – SCHNEIDER ELECTRIC SE
TABLE 47 Key Information – Honeywell International, Inc.
TABLE 48 Key Information – ABB Group
TABLE 49 Key Information – JOHNSON CONTROLS INTERNATIONAL PLC
TABLE 50 Key Information – Panasonic Corporation
TABLE 51 key Information – Legrand S.A.
TABLE 52 Key Information – Samsung Electronics Co. Ltd.
TABLE 53 KEY INFORMATION – GENERAL ELECTRIC (GE) CO.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2019, Dec – 2022, Apr) Leading Players
FIG 5 SWOT Analysis: Alphabet Inc. (Google Inc.)
FIG 6 Recent strategies and developments: Amazon.com, Inc.
FIG 7 SWOT analysis: Amazon.com, Inc.
FIG 8 Recent strategies and developments: Schneider Electric SE
FIG 9 Swot analysis: Schneider Electric SE
FIG 10 Swot analysis: Honeywell international, inc.
FIG 11 Recent strategies and developments: ABB Group
FIG 12 SWOT Analysis: ABB Group
FIG 13 Recent strategies and developments: Johnson Controls International PLC
FIG 14 SWOT Analysis: Panasonic Corporation
FIG 15 Recent strategies and developments: Legrand S.A.
FIG 16 SWOT Analysis: Samsung Electronics CO. Ltd.
FIG 17 Swot analysis: General electric (GE) Co.