Us Smart Home Hub Market By Component (Hardware, Software) By Technology (Zigbee, Z-Wave, Wifi, Bluetooth), By Distribution Channel (Online Stores, Multi-Brand Stores, And Brand Stores), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2031

The US Smart Home Hub Market is expected to be driven increasing consumer preferences for voice-assisted technologies, video doorbells, such as Google Home and Alexa, and surveillance systems.

Market.US announces publication of its most recently generated research report titled, “The US smart home hub market by Component (Hardware and Software) By Technology (Zigbee, Z-Wave, WiFi, and Bluetooth), By Distribution Channel (Online Stores, Multi-Brand Stores, and Brand Stores) – Global Forecast to 2031”, which offers a holistic view of The US Smart Home Hub Market through systematic segmentation that covers every aspect of the target market.

The US smart home hub market is projected to be US$ 21,225.3 Mn in 2021 to reach US$ 65,307.4 Mn by 2031 at a CAGR of 12.1%.

A smart home hub is software or hardware that links and controls devices through a home automation network. This device controls other connected gadgets in a house using AI-based home automation technologies. The smart devices that are capable of being connected include, thermostats, light bulbs, door locks, sensors, air conditioners, toasters, motion sensors, doorbells, window coverings, garage door openers, etc., thus comprising a smart home hub ensemble. With the help of a smart home hub device, end-users will be able to manage multiple smart home appliances simultaneously.

Additionally, with the help of voice technology and the integration of Google Assistant, these systems also enable the streaming of weather, music, news, etc.

Initially, smart home hubs were wall-mounted devices that were part of brand-specific, hardwired, and whole-house automation systems. Later, hubs evolved into network nerve centers responsible for controlling various devices and remotely, first over narrow-band radio signals and later through general home wireless connections.

The move to wireless precipitated rapid progression in smart home technologies observed in recent years, including new after-market hubs that is capable of managing products from multiple manufacturers. It has also spawned today’s booming market of individual smart home devices (versus whole-home systems), such as, smart bulbs, smart cameras, smart plugs, etc.

The US Smart Home Hub Market Revenue (US$ Mn), 2020–2031

Increasing disposable incomes have led to a surge in this industry’s prominence, with the use of smart devices increasing in the residential sector as well. The demand for household technological appliances such as LED televisions, printers, microwaves, washing machines, etc., seems insatiable. This is another factor that is expected to further propel the revenue growth of the US smart home hub market over the forecast period.

A smart home hub system immensely aids individuals with disabilities. This device can help them enjoy a more independent living, and increases accessibility without requiring them to make changes to how their home is designed, built or exists. Simply put, this type of technology provides them with “home control,” which can make a huge difference in how they live their everyday life. This is a major factor that is also anticipated to contribute to a surge in the demand for these devices in the years to come.

The lack of awareness concerning the benefits of smart home is a major factor restraining the projected revenue growth of the US smart home hub market. Moreover, additional costs associated with the installation of these devices is another factor that is also expected to hamper revenue growth for this target market over the forecast period. The COVID-19 pandemic has resulted in the slowdown of critical trade activities across several countries.

A primary factor behind this slowdown can be attributed to the various countermeasures adopted by respective countries to curb the trajectory of this virus. As major economies enforce precautionary lockdowns, a considerable gap between market supply and demand is being created, resulting in increased difficulties for both manufacturers and distributors to effectively manage their respective operations. This is a primary factor that is anticipated to influence future prospects for revenue growth. However, as these lockdowns are gradually lifted, and economies begin to recover, this market is expected to regress to its post-COVID state.

The US Smart Home Hub Market Attractiveness Analysis by Component, 2015–2031

The research report on The US smart home hub market includes Amazon.com, Inc., Apple Inc., Samsung Electronics Co. Ltd, Alphabet, Inc., Microsoft Corp., LG Electronics, Logitech International SA, Wirepath Home Systems, LLC, Vera Control, Ltd., Tri Plus Grupa d.o.o., Wink Labs Inc., Securifi Inc., SmartBeings Inc. and other key players

The US Smart Home Hub Market Segmentation Based on Component, Technology and Distribution Channel

Based on Component:

• Hardware
• Software

Based on Technology:

• Zigbee
• Z-Wave
• Wi-Fi
• Bluetooth

Based on Distribution Channel:

• Online Stores
• Multi-Brand Stores
• Brand Stores

Based on key Players:

• Amazon.com Inc.
• Apple Inc.
• Samsung Electronics Co. Ltd
• Alphabet Inc.
• Microsoft Corp.
• LG Electronics
• Logitech International SA
• Wirepath Home Systems LLC
• Vera Control Ltd.
• Tri Plus Grupa d.o.o.
• Wink Labs Inc.
• Securifi Inc.
• SmartBeings Inc.
• Other

For the US Smart Home Hub Market research study, the following years have been considered to estimate the market size: