Smart Homes

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(Introduction, Overview, IP Trends, Market Trend Analysis, Technology & Competition, Major Players, Mergers, Application Areas, Future Trends, Regional Forecast, 2022 – 2025)

Smart Home technology is a futuristic residential building equipped with electronic devices that uses the internet to connect or control remotely the devices in the world using a smartphone or any networked device. 

The smart home devices are enabled with self-learning skills which help in automatically adjusting the various controls from a distance such as a temperature, lighting systems, domestic appliances, and home theatre packages, according to the homeowner’s schedules.

Smart home offers remarkable benefits to the user such as it is highly cost-effective, improves security, reduces energy consumption, and helps in easy handling of regular household tasks. Some of the smart appliances used in the homes include Smart Entertainment systems, Smart TVs, Smart locking systems, and Smart security cameras as shown.

Smart Homes

1. Introduction & Overview
1.1. Summary
2. Basic IP Trends
2.1 Legal Status
2.2 Portfolio Summary
3. Technology and competition
3.1 Technology Segmentation
3.2 Technology Analysis
4. Market analysis
4.1 SWOT Analysis
4.2 Market Restraining Factors
4.3 Future Timeline
4.4 Key Challenges and Solutions
4.5 Market Dynamics
4.6 Major Trends
4.7 Top Players
4.8 Top Players Overview
4.9 Top Players Overview (Contd.)
4.10 Key Players by Type and Segment
4.11 Top Startups
4.12 Top Startups Overview
4.13 Top Startups Overview (Contd.)
4.14 Expert Opinions in the market
4.15 Change Benefit Analysis
4.16 Change Benefit Analysis (Contd.)
4.17 Change Benefit Analysis (Contd.)
4.18 Change Benefit Analysis (Contd.)
4.19 Change Benefit Analysis (Contd.)
4.20 Recent Advancements
4.21 Recent Advancements (Contd.)
4.22 Product launches
4.23 Product launches (Contd.)
4.24 Mergers & Acquisitions
4.25 Mergers & Acquisitions (Contd.)
4.26 Recent Acquisitions
4.27 Recent Fundings
4.28 China Overview
4.29 China’s Competitive Landscape
4.30 Few Initiatives by China
4.31 Regulations & Policies of Some Major Regions
4.32 Conclusion

Heat detection and Infrared sensors are widely used Sensor type in smart homes which further utilizes touch pad and voice command recognition as a primary source of input from the user.

Types of sensor
Types of sensor - Smart Homes

There were a total of 7560 patent families (collapsed by INPADOC). The total number of patent publications considering all the family members were 8156.

Application Area
Application Area - Smart Homes
Technology Breakdown - Smart Homes
Technology Breakdown - Smart Homes

In recent years, seeing the trend analysis, the use of voice assistant being the emerging and the most focus area of smart homes.

The global blockchain in smart homes market is garnering significant traction as it assures better security for IoT systems used in the smart home ecosystem with its decentralized nature. 

Heat detection and Infrared sensors are widely used Sensor type in smart homes which further utilizes touch pad and voice command recognition as a primary source of input from the user. 

The global smart home devices market (By volume) is predicted to grow a CAGR of 10% with more than 895 million devices shipped in 2021 to more than 1440 million devices in 2026 globally.

Smart Home CAGR
Smart Home Market - By Volume (2021 -2026)

The global smart home devices market (By Revenue) size is expected to grow at a compound annual growth rate (CAGR) of 17.9% from USD 78.44 billion in 2021 to USD 92.48 billion in 2022. At a CAGR of 17.5 %, the market is estimated to reach USD 176.10 billion in 2026. 

Smart Home - Devices Revenue
Smart Home Devices Market Revenue (2021-2026)

The fact that Smart homes is an upcoming and evolving field can be illustrated from its Portfolio Summary wherein it can be seen that majority of the Patent Applications are still in the “Pending” stage, i.e under examination in various jurisdictions while a relatively smaller chunk has been “Granted”.

Smart Homes - Legal Status

Smart Home - IP Trend
Smart Home - IP Trend

Patent Trend – Application Country

  • China has been the most preferred jurisdiction for patent filing in the domain of smart homes followed by US and Korea stands third in the list. 
  • The domination of China in the domain might be due significant enhancement in R&D. 
Patent Trend – Application Country​
Patent Trend – Application Country​

Patent Trend – Application Year

  • The year wise patenting activity indicates inconsistent filings with gradual overall increase throughout. ​
  • Notably, in the last decade there has been increase in the R&D activity towards Smart Homes. ​

Please note that the trend for the year 2021 might not be complete as it may take 18 months for a patent application to be published. ​

Patent Trend – Application Year​
Patent Trend – Application Year​

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