Smart Home refers to a convenient home setup equipped with lighting, heating, and electronic devices that can be controlled remotely from any internet-connected place in the world using a smartphone or other networked device. A smart home has its devices interconnected through the internet, which helps the user to perform numerous functions such as security access to the home, setting up of temperature, lighting, and home theatre. The smart home appliances are enabled with self-learning skills, which help in automatically adjusting the system 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 TVs, Smart locking systems, Smart security cameras, and Smart Entertainment systems.

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The major factors driving the growth of the Saudi Arabia Smart Home market include the increasing adoption of smart computing devices, growing number of internet user in Saudi Arabia, rising demand for reducing energy consumption, increasing disposable income, and the continuous expansion in the product portfolios of the manufacturers in the country. In addition to this, the growing government initiatives for smart city development, such as Neom, is further fuelling the growth of the market. Under the Saudi Arabia Vision 2030, the government plans to develop public service sectors such as health, education, infrastructure, recreation, and tourism, which will further encourage the growth of the market. The increasing integration of Artificial Intelligence (AI) and the Internet of Things (IoT) in smart home devices as it enhances customer experience and satisfaction is also boosting the growth of the market. On the other hand, the high initial investment cost of smart home appliances is likely to hamper the growth of the market over the forecast period.

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Based on the product, the smart speaker segment is projected to grow at a higher CAGR over the forecast period owing to the increasing adoption of the smart speaker due to the growing demand for advanced and multifunctional devices. Increasing disposable income in Saudi Arabia and growing digitalization are some other factors that fuel the growth of the smart speaker market in Saudi Arabia. Smart speakers can be connected using wi-fi, Bluetooth, and other wireless protocols and operated by virtual assistance, which is driven by AI. Moreover, an increasing number of smartphone users has allowed the development of applications to stream music to a specific device, therefore propelling the demand for smart speakers during the forecast period. Increasing adoption of smart homes, the rapid rise of multifunctional devices, and the growing popularity of personalization are further pushing the growth of the market.

Based on software and service, the proactive type segment is expected to grow at a higher CAGR during the forecast period as it is enabled to transfer a large volume of data as compared to the behavioral type.  It helps to reduce energy consumption by providing input to the user about energy usage and require action parameters. The remarkable benefits offered by proactive type include its capability of sending a signal to end-users to take needed actions to reduce energy consumption, which further propels the growth of the market.

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Various notable players in the Smart Home market include Honeywell International, Inc., Amazon Inc., Apple Saudi Arabia, Google Saudi Arabia, Al Salem Johnson Controls Saudi Arabia, ABB Saudi Arabia, Siemens Saudi Arabia, Philips Lighting Saudi Arabia Company, Samsung Saudi Arabia, Schneider Electric Saudi Arabia, Robert Bosch Saudi Arabia Ltd., and among others.

Key Developments:

• • In May 2017, Philips Lighting Saudi Arabia entered into a strategic distribution agreement with Ahmed Abdulwahed Trading Company for its LED (light-emitting diode) and home consumer offering.

The Saudi Arabia Smart Home market has been segmented based on the product and software and service. Based on the product, the market is segmented into Lighting Control, Security and Access Control, HVAC Control, Entertainment, and Other Controls, Home Healthcare, Smart Kitchen, Home Appliances, and Smart Furniture.  Based on Lighting Control is further segmented into Relays, Occupancy Sensors, Daylight Sensors, Timers, Dimmers, Switches, and Lighting Control Accessories and Other Products. Based on Security and Access Control is further segmented into Video Surveillance Systems, and Access Control Systems. Based on Video Surveillance Systems, the market is further segmented into Hardware and Software/ video analytics. Based on Access Control Systems, the market is further segmented into Biometric Access Control and Non-Biometric Access Control. Based on HVAC control, the market is further segmented into Smart Thermostats, Sensors Used in HVAC Applications, Control Valves, Heating, and Cooling Coils¸ Dampers, Actuators, Pumps & Fans, and Smart Vents. Based on Entertainment and Other Controls, the market is segmented into Entertainment Control Products, Audio, Volume, & Multimedia Controls, Home Theater System Controls, Touchscreens and Keypads, and Other Controls. Based on Home Healthcare, the market is further segmented into Health Status Monitors and Physical Activity Monitors. Based on Smart Kitchen, the market is further segmented into Smart Coffee Makers, Smart Kettles¸ Smart Dish Washers, Smart Ovens, Smart Cooktops, and Smart Cookers. Based on Home Appliances, the market is segmented into Smart Refrigerators, Smart Washers, Smart Water Heaters, and Smart Vacuum Cleaners. Based on Smart Furniture, the market is segmented into Smart Tables, Smart Desks, Smart Stools & Benches, Smart Sofas, and Smart Chairs. Based on Software and Service, the market is segmented into Proactive and Behavioural.

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Key questions answered in this research report:

• • At what pace is the Saudi Arabia Smart Home market growing? What will be a growing trend in the future?
  • What are the key drivers and restraints in the Saudi Arabia Smart Home market? What will be the impact of drivers and restraints in the future?
  • Which Software and Service generated maximum revenues in 2019 and identify the most promising Software and Service during the forecast period?
  • What are the various products in the Saudi Arabia Smart Home market and how are they poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Product, By Software and Service
Regional Coverage	Saudi Arabia
Companies Profiled	Google Saudi Arabia, Al Salem Johnson Controls Saudi Arabia, ABB Saudi Arabia, Siemens Saudi Arabia, Philips Lighting Saudi Arabia Company, Samsung Saudi Arabia, Schneider Electric Saudi Arabia, Robert Bosch Saudi Arabia Ltd. among others; A total of 11 Companies Covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Saudi Arabia Smart Home Market by Product              

• • Lighting Control
    • Relays
    • Occupancy Sensors
    • Daylight Sensors
    • Timers
    • Dimmers
    • Switches
    • Lighting Control Accessories and Other Products
  • Security and Access Control
    • Video Surveillance Systems
      • Hardware
        • Cameras
        • Storage Devices
        • Monitors
        • Servers
        • Accessories and Others
      • Software/Video Analytics
    • Access Control Systems
      • Biometric Access Control
        • Facial Recognition
        • Iris Recognition
        • Fingerprint Recognition
        • Others
      • Non-Biometric Access Control
    • HVAC Control
      • Smart Thermostats
      • Sensors Used in HVAC Applications
      • Control Valves
      • Heating and Cooling Coils
      • Dampers
      • Actuators
      • Pumps & Fans
      • Smart Vents
    • Entertainment and Other Controls
      • Entertainment Control Products
      • Audio, Volume, & Multimedia Controls
      • Home Theater System Controls
      • Touchscreens and Keypads
      • Other Controls
        • Smart Meters
        • Smart Plugs
        • Smart Hubs
        • Smart Locks
        • Smoke Detectors
      • Home Healthcare
        • Health Status Monitors
        • Physical Activity Monitors
      • Smart Kitchen
        • Smart Coffee Makers
        • Smart Kettles
        • Smart Dish Washers
        • Smart Ovens
        • Smart Cooktops
        • Smart Cookers
      • Home Appliances
        • Smart Refrigerators
        • Smart Washers
        • Smart Water Heaters
        • Smart Vacuum Cleaners
      • Smart Furniture
        • Smart Tables
        • Smart Desks
        • Smart Stools & Benches
        • Smart Sofas
        • Smart Chairs

Saudi Arabia Smart Home Market by Software and Service

• • • Proactive
    • Behavioral

Major Players Operating the Saudi Arabia Smart Home (Option 1: As a part of the free 25% customization – Profiles of 5 Additional Companies of your Choice)

• • Honeywell International, Inc.
  • Amazon Inc.
  • Apple Saudi Arabia
  • Google Saudi Arabia
  • Al Salem Johnson Controls Saudi Arabia
  • ABB Saudi Arabia
  • Siemens Saudi Arabia
  • Philips Lighting Saudi Arabia Company
  • Samsung Saudi Arabia
  • Schneider Electric Saudi Arabia
  • Robert Bosch Saudi Arabia Ltd.