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    Smart Building Market

    ID: 1328
    106 Pages
    Research Team
    02/2024

    Smart Buildings Market Research Report Information By Automation (Intelligent Security System, Building Energy Management System, Infrastructure Management System, and Network Management System), Application (Commercial, Industrial, Government & Public Infrastructure, and Residential), And By Region (North America, Europe, Asia-Pacific, Rest of the World (ROW)) –Market Forecast Till 2032

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    Market Summary

    Global Smart Buildings Market Overview

    Smart Buildings Market Size was valued at USD 109120.2 Million in 2023. The Smart Buildings market industry is projected to grow from USD 129525.6774 Million in 2024 to USD 509007.5 Million by 2032, exhibiting a compound annual growth rate (CAGR) of 18.66% during the forecast period (2024 – 2032). 

    The global Smart Building market is consistently growing due to the Increasing advancements in Smart Building and government support driving market growth across globe and technological advancement within the building industry. Smart buildings provide a great amount of useful building data regarding how they are used. Analyzing this data can provide insight into usage patterns and trends, allowing you to make educated decisions about how to improve your building, resulting in the following benefits.

    Figure1: Smart Buildings Market, 2018 - 2032 (USD Million)

    Smart Buildings Market

    Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

    Smart Buildings Market Driver

      • Growing Need for Energy Efficient Building

    Energy efficiency is a key factor for the sustainable development of a country. Due to the increasing global warming and government stringency, measures are increasingly being taken to reduce energy consumption as well as carbon pollution. The building sector accounts for a significant percentage of the world’s total energy consumption. According to a survey conducted by the International Energy Agency (IEA), the global building sector consumes 42% of the total generated electricity. With the increasing urbanization in developing countries, the number and size of smart buildings is expected to increase leading to an increased demand for energy-efficient building solutions.

    The growing concerns of increasing energy consumption worldwide are expected to fuel more advanced and energy- efficient technology. For instance, as per the lot and smart building report of IBM Corporation, commercial and real estate buildings utilize 50% water and energy. The report further states that buildings are expected to consume maximum energy by the end of 2025. Similarly, according to Schneider Electric Whitepaper, 36% of carbon emission comes from buildings. 

    This high consumption and wastages exponentially increase the overall cost of operations and maintenance. However, strict governance on energy consumption and green building initiatives boost the demand for energy efficient technology across buildings. This factor is expected to propel the implementation of intelligent building solutions globally. According to the IBM Corporation report, implementing advanced technology, including Al, IoT, and others helped reduce energy usage by 40% and 10%-30% maintenance costs. Similarly, as per Deloitte's report, the implementation of smart technology and lot devices witnessed 70% energy saving in three years. 

    This factor is expected to fuel the smart building market growth. In October 2021, the U.S. Department of Energy (DOE) announced USD 61 million in funding for ten pilot projects using new technology to transform thousands of homes and workplaces into cutting-edge, energy-efficient structures. These Connected Communities can interact with the electrical grid to optimize their energy consumption, significantly reducing carbon emissions and energy costs.

    Smart Buildings Market Automation Segment Insights

    Smart Buildings Automation Insights

    Based on the Automation, the global Smart Building market is segmented into Intelligent Security System, Building Energy Management System, Infrastructure Management System, and Network Management System. The Building Energy Management System segment held the majority share in 2022, contributing around ~ 38.2% to the market revenue. A building energy management system (BEMS) is a sophisticated method for monitoring and controlling the energy needs of a structure. 

    Buildings use energy to perform various operations such as heating, ventilation, and air-conditioning. This energy accounts for a high operating expense. Therefore, smart buildings are equipped with energy management systems which monitor, measure, and manage energy consumption and increase operational efficiency, reducing energy wastage and operation cost, and providing various environmental and sustainability benefits. A building energy management system has been sub-segmented into energy management platform, HVAC control system, and lighting control system.

    Security intelligence is the process of collecting, standardizing, and analyzing data created in real time by networks, apps, and other IT infrastructure, and then using that information to assess and improve an intelligent building's security posture. 

    Smart buildings are equipped with intelligent security systems which provide physical security solutions to the buildings using video surveillance systems, access control systems, and emergency management systems that deliver overall security to the assets and infrastructure of the building from various security threats, suspicious activities, vandalism, thefts, and break-ins. Intelligent security systems are further sub-segmented into video-surveillance systems, access control systems, and energy management systems.

    Figure2: Smart Buildings Market, by Automation, 2022 & 2032 (USD Million)

    Smart Buildings Market, by Automation, 2022 & 2032

    Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

    Smart Buildings Market Application Segment Insights

    Smart Buildings Application Insights

    Based on the Application, the global Smart Building market is segmented into Commercial, Industrial, Government & Public Infrastructure, and Residential. The Commercial segment held the majority share in 2022, contributing around ~ 46.24% to the market revenue. Commercial offices, shopping complexes, and hotels that are smart are outfitted with building automation systems such as intelligent security systems, infrastructure management systems, and energy management systems. 

    The adoption of smart buildings in the commercial segment is more as compared to residential and industrial segments. Commercial spaces have been the early adopters of smart buildings and contribute to the significant market share. Building operating cost is the second highest expenditure of commercial businesses after employee salaries.

    Smart industrial buildings reduce environmental impact, boost staff productivity, raise output, safeguard occupant health and safety, and promote operational efficiency by integrating security services, building automation, surveillance, and technology. Smart industrial buildings are generally equipped with improved building system controls, integration of systems, and enterprise management features. 

    Industry buildings require a controlled environment and high amount of energy for its operations. Therefore, smart buildings provide industries a controlled environment and contribute to social development by making industry workspace safer and healthier. Manufacturing industries such as steel and iron plants have the most hazardous working environments; smart buildings can improve the working conditions by providing proper air-conditioning, medical technology, and safety protocols.

    Smart Buildings Regional Insights

    Based on region, the global Smart Building market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (ROW). North America accounted for highest market share of 36.87%. North America consists of US, Canada and Mexico. Smart building solutions are being used and accepted more frequently in the area. The large number of early adopters in the United States and Canada account for a sizeable portion of the market share in North America. Due to its developed infrastructure that can support smart automation solutions in the residential and commercial segments, the region is anticipated to dominate the global market over the time of the forecast.

    Innovative door-related products such as access control systems, smart door locks, safety systems, and other door hardware accessories are considered in the smart building market. The necessity for innovative/intelligent security system components to deter theft has been prompted by increased crimes, including robbery and burglary at residential and commercial properties. 

    For instance, the European Union records at least one burglary every 1.5 minutes, with some Member States recording 1,000 burglaries virtually every day, according to the European Union Agency for Law Enforcement Cooperation. Thus, the proliferation of smart building technologies in European nations is fueled by growing security and privacy concerns and the IoT trend. The need for smart building solutions is expanding quickly across Europe. In Europe, the Netherlands, Spain, France, Germany, Italy, and the United Kingdom are the top countries for linked device adoption.

    Further, the major countries studied in the market report are the U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

    The Asia Pacific market participants also aim to improve the smart building services by creating IoT-enabled building management systems throughout the region. China, India and Japan are essential players in the development of regional technology. For instance, their businesses are heavily investing in smart building activities like the incorporation of building systems and building controls to influence energy efficiency and energy storage and to distribute safer, smarter, and more sustainably constructed buildings. 

    Rest of the World consists of Middle East and Africa and South America. Due to the rising need for energy-efficient smart building solutions, the Middle East and Africa are experiencing high growth rates. Additionally, the area tends to cut carbon emissions and uses intelligent technologies to achieve it. The UAE is one of the sustainable cities that has embraced green building and smart infrastructure programs.

    Smart Buildings Key Market Players & Competitive Insights

    With a strong presence across different verticals and geographies, the Smart Buildings market is highly competitive and dominated by established, pure-play vendors. Over 10 vendors cater to this market, and they continually innovate their solutions to meet the evolving needs of businesses by adopting new technologies to make business more effective. These vendors have a robust geographic footprint and partner ecosystem to cater to diverse customer segments. The Smart Buildings market is highly competitive, with many vendors offering similar products and services.

    The major players in the market include Control4 Corporation (Snap One, LLC), HCL Technologies Limited, Panasonic Corporation, Advantech Co. Ltd, Johnson Controls International PLC, Hitachi Ltd, Sony Corporation, IBM Corporation, Cisco Systems, Honeywell International, Inc., Emerson Electric Co, Overkiz, ABB Group, Huawei Technologies Co. Ltd, and Siemens AG. HCL has strategic partnerships and alliances with global technology vendors, customers, and niche solution providers. 

    The company has alliances with approximately 150 companies in various technology areas including go-to-market alliances, partnerships for specific customer requirements, and specialist partnerships for niche technologies. It has strategic partnerships with digital technology providers, including Adobe, Appian, MuleSoft, Pegasystems, Apigee, AWS, Hortonworks, and Celonis. The company invested in an alliance partner center of excellence (CoEs), which builds solution frameworks and accelerators. HCL also invests in joint solutions with partners to create solutions for customers. HCL’s global strategic alliances include Microsoft, Cisco, Dell EMC, SAP, HPE, Oracle, IBM, TIBCO, and Infor.

    The Smart Buildings Market is a consolidated market due to increasing competition, acquisitions, mergers, and other strategic market developments and decisions to improve operational effectiveness.

    Key Companies in the Smart Buildings market include

      • Control4 Corporation (Snap One, LLC)
      • HCL Technologies Limited
      • Panasonic Corporation
      • Advantech Co. Ltd
      • Johnson Controls International PLC
      • Hitachi Ltd
      • Sony Corporation
      • IBM Corporation
      • Cisco Systems
      • Emerson Electric Co
      • Overkiz
      • ABB Group
      • Huawei Technologies Co. Ltd
      • Siemens AG

    Smart Buildings Industry Developments

      • In October 2022, Overkiz launched Kizconnect. The newly launched Kizconnect stands out within the market due to its technical specifications. One of these features is a DIN Rail gateway with one-click wiring, a living room gateway with embedded WiFi, pairing in just a few clicks from the Pro app, as well as the ability to manage and create scenarios involving multiple products and brands with the user app.
      • In January 2022, Honeywell and Acalvio Technologies had launched a new solution designed to detect known and unknown (zero-day) attacks across the operational technology (OT) environments in commercial buildings. Honeywell Threat Defense Platform (HTDP) powered by Acalvio employs sophisticated active defense – featuring autonomous deception tactics to outsmart attackers – and provides high-fidelity threat detection.
      • In June 2022, Honeywell launched its new Carbon & Energy Management, a carbon energy management software that enables building owners to track and optimise energy performance against carbon reduction goals down to a device or asset level.

    Smart Buildings Market Segmentation:

    Smart Buildings Automation Outlook

      • Intelligent Security System
      • Building Energy Management System
      • Infrastructure Management System
      • Network Management System

    Smart Buildings Application Outlook

      • Commercial
      • Industrial
      • Government & Public Infrastructure
      • Residential

    Smart Buildings Regional Outlook

      • North America
        • US
        • Canada
      • Europe
        • Germany
        • France
        • UK
        • Italy
        • Spain
        • Rest of Europe
      • Asia-Pacific
        • China
        • Japan
        • India
        • Australia
        • South Korea
        • Rest of Asia Pacific
        • Middle East & Africa
        • Saudi Arabia
        • UAE
        • South Africa
        • Rest of Middle East & Africa
      • South America
        • Brazil
        • Argentina
        • Rest of South America

    Market Size & Forecast

    Attribute/Metric Details
    Market Size 2023 USD  109120.2 Million
    Market Size 2024 USD 129525.6774 Million
    Market Size 2032 USD 509007.5 Million
    Compound Annual Growth Rate (CAGR) 18.66 % (2024-2032)
    Base Year 2023
    Market Forecast Period 2024-2032
    Historical Data 2018- 2022
    Market Forecast Units Value (USD Million)
    Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments Covered Automation, Application, and Region
    Geographies Covered Europe, North America, Asia-Pacific, Middle East & Africa, and South America
    Countries Covered The U.S, Germany, Canada, U.K., Italy, France, Spain, Japan, China, Australia, India, South Korea, Brazil, and others.
    Key Companies Profiled Control4 Corporation (Snap One, LLC), HCL Technologies Limited, Panasonic Corporation, Advantech Co. Ltd, Johnson Controls International PLC, Hitachi Ltd, Sony Corporation, IBM Corporation, Cisco Systems, Honeywell International, Inc., Emerson Electric Co, Overkiz, ABB Group, Huawei Technologies Co. Ltd, and Siemens AG.
    Key Market Opportunities Integration with 5G technology·       Growing Strategic Acquisition And Collaborations Creating Lucrative Opportunities
    Key Market Dynamics Growing need for energy efficient building·       Increasing government initiatives toward smart infrastructure

    Major Players

    Smart Buildings Market Segmentation

    • Global Smart Building, By Automation Outlook (USD Million, 2018-2032)
      • Intelligent Security System
        • Video Surveillance System
        • Access Control System
        • Emergency Management System
      • Building Energy Management System
        • Energy Management System
        • HVAC Control System
        • Lighting Control System
        • Renewable Energy System
        • CO2 Emission Monitoring System
        • Others
      • Infrastructure Management System
        • Elevators and Escalators Management System
        • Smart Water Management System
        • EV Charging Infrastructure
        • Parking Management System
      • Network Management System
    • Global Smart Building, By Application Outlook (USD Million, 2018-2032)
      • Commercial
      • Industrial
      • Government & Public Infrastructure
      • Residential

    Global Smart Building Regional Outlook (USD Million, 2018-2032)

    • North America Outlook (USD Million, 2018-2032)
    • North America Smart Building, By Automation Outlook (USD Million, 2018-2032)
      • Intelligent Security System
        • Video Surveillance System
        • Access Control System
        • Emergency Management System
      • Building Energy Management System
        • Energy Management System
        • HVAC Control System
        • Lighting Control System
        • Renewable Energy System
        • CO2 Emission Monitoring System
        • Others
      • Infrastructure Management System
        • Elevators and Escalators Management System
        • Smart Water Management System
        • EV Charging Infrastructure
        • Parking Management System
      • Network Management System
    • North America Smart Building, By Application Outlook (USD Million, 2018-2032)
      • Commercial
      • Industrial
      • Government & Public Infrastructure
      • Residential
    • US Outlook (USD Million, 2018-2032)
    • US Smart Building, By Automation Outlook (USD Million, 2018-2032)
      • Intelligent Security System
        • Video Surveillance System
        • Access Control System
        • Emergency Management System
      • Building Energy Management System
        • Energy Management System
        • HVAC Control System
        • Lighting Control System
        • Renewable Energy System
        • CO2 Emission Monitoring System
        • Others
      • Infrastructure Management System
        • Elevators and Escalators Management System
        • Smart Water Management System
        • EV Charging Infrastructure
        • Parking Management System
      • Network Management System
    • US Smart Building, By Application Outlook (USD Million, 2018-2032)
      • Commercial
      • Industrial
      • Government & Public Infrastructure
      • Residential
    • Canada Outlook (USD Million, 2018-2032)
    • Canada Smart Building, By Automation Outlook (USD Million, 2018-2032)
      • Intelligent Security System
        • Video Surveillance System
        • Access Control System
        • Emergency Management System
      • Building Energy Management System
        • Energy Management System
        • HVAC Control System
        • Lighting Control System
        • Renewable Energy System
        • CO2 Emission Monitoring System
        • Others
      • Infrastructure Management System
        • Elevators and Escalators Management System
        • Smart Water Management System
        • EV Charging Infrastructure
        • Parking Management System
      • Network Management System
    • Canada Smart Building, By Application Outlook (USD Million, 2018-2032)
      • Commercial
      • Industrial
      • Government & Public Infrastructure
      • Residential
    • Mexico Outlook (USD Million, 2018-2032)
    • Mexico Smart Building, By Automation Outlook (USD Million, 2018-2032)
      • Intelligent Security System
        • Video Surveillance System
        • Access Control System
        • Emergency Management System
      • Building Energy Management System
        • Energy Management System
        • HVAC Control System
        • Lighting Control System
        • Renewable Energy System
        • CO2 Emission Monitoring System
        • Others
      • Infrastructure Management System
        • Elevators and Escalators Management System
        • Smart Water Management System
        • EV Charging Infrastructure
        • Parking Management System
      • Network Management System
    • Mexico Smart Building, By Application Outlook (USD Million, 2018-2032)
      • Commercial
      • Industrial
      • Government & Public Infrastructure
      • Residential
    • Europe Outlook (USD Million, 2018-2032)
    • Europe Smart Building, By Automation Outlook (USD Million, 2018-2032)
      • Intelligent Security System
        • Video Surveillance System
        • Access Control System
        • Emergency Management System
      • Building Energy Management System
        • Energy Management System
        • HVAC Control System
        • Lighting Control System
        • Renewable Energy System
        • CO2 Emission Monitoring System
        • Others
      • Infrastructure Management System
        • Elevators and Escalators Management System
        • Smart Water Management System
        • EV Charging Infrastructure
        • Parking Management System
      • Network Management System
    • Europe Smart Building, By Application Outlook (USD Million, 2018-2032)
      • Commercial
      • Industrial
      • Government & Public Infrastructure
      • Residential

     

    • Germany Outlook (USD Million, 2018-2032)
    • Germany Smart Building, By Automation Outlook (USD Million, 2018-2032)
      • Intelligent Security System
        • Video Surveillance System
        • Access Control System
        • Emergency Management System
      • Building Energy Management System
        • Energy Management System
        • HVAC Control System
        • Lighting Control System
        • Renewable Energy System
        • CO2 Emission Monitoring System
        • Others
      • Infrastructure Management System
        • Elevators and Escalators Management System
        • Smart Water Management System
        • EV Charging Infrastructure
        • Parking Management System
      • Network Management System
    • Germany Smart Building, By Application Outlook (USD Million, 2018-2032)
      • Commercial
      • Industrial
      • Government & Public Infrastructure
      • Residential

     

    • France Outlook (USD Million, 2018-2032)
    • France Smart Building, By Automation Outlook (USD Million, 2018-2032)
      • Intelligent Security System
        • Video Surveillance System
        • Access Control System
        • Emergency Management System
      • Building Energy Management System
        • Energy Management System
        • HVAC Control System
        • Lighting Control System
        • Renewable Energy System
        • CO2 Emission Monitoring System
        • Others
      • Infrastructure Management System
        • Elevators and Escalators Management System
        • Smart Water Management System
        • EV Charging Infrastructure
        • Parking Management System
      • Network Management System
    • France Smart Building, By Application Outlook (USD Million, 2018-2032)
      • Commercial
      • Industrial
      • Government & Public Infrastructure
      • Residential

     

    • UK Outlook (USD Million, 2018-2032)
    • UK Smart Building, By Automation Outlook (USD Million, 2018-2032)
      • Intelligent Security System
        • Video Surveillance System
        • Access Control System
        • Emergency Management System
      • Building Energy Management System
        • Energy Management System
        • HVAC Control System
        • Lighting Control System
        • Renewable Energy System
        • CO2 Emission Monitoring System
        • Others
      • Infrastructure Management System
        • Elevators and Escalators Management System
        • Smart Water Management System
        • EV Charging Infrastructure
        • Parking Management System
      • Network Management System
    • UK Smart Building, By Application Outlook (USD Million, 2018-2032)
      • Commercial
      • Industrial
      • Government & Public Infrastructure
      • Residential

     

    • Rest of Europe Outlook (USD Million, 2018-2032)
    • Rest of Europe Smart Building, By Automation Outlook (USD Million, 2018-2032)
      • Intelligent Security System
        • Video Surveillance System
        • Access Control System
        • Emergency Management System
      • Building Energy Management System
        • Energy Management System
        • HVAC Control System
        • Lighting Control System
        • Renewable Energy System
        • CO2 Emission Monitoring System
        • Others
      • Infrastructure Management System
        • Elevators and Escalators Management System
        • Smart Water Management System
        • EV Charging Infrastructure
        • Parking Management System
      • Network Management System
    • Rest of Europe Smart Building, By Application Outlook (USD Million, 2018-2032)
      • Commercial
      • Industrial
      • Government & Public Infrastructure
      • Residential
    • Asia-Pacific Outlook (USD Million, 2018-2032)
    • Asia-Pacific Smart Building, By Automation Outlook (USD Million, 2018-2032)
      • Intelligent Security System
        • Video Surveillance System
        • Access Control System
        • Emergency Management System
      • Building Energy Management System
        • Energy Management System
        • HVAC Control System
        • Lighting Control System
        • Renewable Energy System
        • CO2 Emission Monitoring System
        • Others
      • Infrastructure Management System
        • Elevators and Escalators Management System
        • Smart Water Management System
        • EV Charging Infrastructure
        • Parking Management System
      • Network Management System
    • Asia-Pacific Smart Building, By Application Outlook (USD Million, 2018-2032)
      • Commercial
      • Industrial
      • Government & Public Infrastructure
      • Residential
    • China Outlook (USD Million, 2018-2032)
    • China Smart Building, By Automation Outlook (USD Million, 2018-2032)
      • Intelligent Security System
        • Video Surveillance System
        • Access Control System
        • Emergency Management System
      • Building Energy Management System
        • Energy Management System
        • HVAC Control System
        • Lighting Control System
        • Renewable Energy System
        • CO2 Emission Monitoring System
        • Others
      • Infrastructure Management System
        • Elevators and Escalators Management System
        • Smart Water Management System
        • EV Charging Infrastructure
        • Parking Management System
      • Network Management System
    • China Smart Building, By Application Outlook (USD Million, 2018-2032)
      • Commercial
      • Industrial
      • Government & Public Infrastructure
      • Residential
    • India Outlook (USD Million, 2018-2032)
    • India Smart Building, By Automation Outlook (USD Million, 2018-2032)
      • Intelligent Security System
        • Video Surveillance System
        • Access Control System
        • Emergency Management System
      • Building Energy Management System
        • Energy Management System
        • HVAC Control System
        • Lighting Control System
        • Renewable Energy System
        • CO2 Emission Monitoring System
        • Others
      • Infrastructure Management System
        • Elevators and Escalators Management System
        • Smart Water Management System
        • EV Charging Infrastructure
        • Parking Management System
      • Network Management System
    • India Smart Building, By Application Outlook (USD Million, 2018-2032)
      • Commercial
      • Industrial
      • Government & Public Infrastructure
      • Residential
    • Japan Outlook (USD Million, 2018-2032)
    • Japan Smart Building, By Automation Outlook (USD Million, 2018-2032)
      • Intelligent Security System
        • Video Surveillance System
        • Access Control System
        • Emergency Management System
      • Building Energy Management System
        • Energy Management System
        • HVAC Control System
        • Lighting Control System
        • Renewable Energy System
        • CO2 Emission Monitoring System
        • Others
      • Infrastructure Management System
        • Elevators and Escalators Management System
        • Smart Water Management System
        • EV Charging Infrastructure
        • Parking Management System
      • Network Management System
    • Japan Smart Building, By Application Outlook (USD Million, 2018-2032)
      • Commercial
      • Industrial
      • Government & Public Infrastructure
      • Residential
    • South Korea Outlook (USD Million, 2018-2032)
    • South Korea Smart Building, By Automation Outlook (USD Million, 2018-2032)
      • Intelligent Security System
        • Video Surveillance System
        • Access Control System
        • Emergency Management System
      • Building Energy Management System
        • Energy Management System
        • HVAC Control System
        • Lighting Control System
        • Renewable Energy System
        • CO2 Emission Monitoring System
        • Others
      • Infrastructure Management System
        • Elevators and Escalators Management System
        • Smart Water Management System
        • EV Charging Infrastructure
        • Parking Management System
      • Network Management System
    • South Korea Smart Building, By Application Outlook (USD Million, 2018-2032)
      • Commercial
      • Industrial
      • Government & Public Infrastructure
      • Residential
    • Rest of Asia-Pacific Outlook (USD Million, 2018-2032)
    • Rest of Asia-Pacific Smart Building, By Automation Outlook (USD Million, 2018-2032)
      • Intelligent Security System
        • Video Surveillance System
        • Access Control System
        • Emergency Management System
      • Building Energy Management System
        • Energy Management System
        • HVAC Control System
        • Lighting Control System
        • Renewable Energy System
        • CO2 Emission Monitoring System
        • Others
      • Infrastructure Management System
        • Elevators and Escalators Management System
        • Smart Water Management System
        • EV Charging Infrastructure
        • Parking Management System
      • Network Management System
    • Rest of Asia-Pacific Smart Building, By Application Outlook (USD Million, 2018-2032)
      • Commercial
      • Industrial
      • Government & Public Infrastructure
      • Residential
    • Middle East & Africa Outlook (USD Million, 2018-2032)
    • Middle East & Africa Smart Building, By Automation Outlook (USD Million, 2018-2032)
      • Intelligent Security System
        • Video Surveillance System
        • Access Control System
        • Emergency Management System
      • Building Energy Management System
        • Energy Management System
        • HVAC Control System
        • Lighting Control System
        • Renewable Energy System
        • CO2 Emission Monitoring System
        • Others
      • Infrastructure Management System
        • Elevators and Escalators Management System
        • Smart Water Management System
        • EV Charging Infrastructure
        • Parking Management System
      • Network Management System
    • Middle East & Africa Smart Building, By Application Outlook (USD Million, 2018-2032)
      • Commercial
      • Industrial
      • Government & Public Infrastructure
      • Residential
    • South America Outlook (USD Million, 2018-2032)
    • South America Smart Building, By Automation Outlook (USD Million, 2018-2032)
      • Intelligent Security System
        • Video Surveillance System
        • Access Control System
        • Emergency Management System
      • Building Energy Management System
        • Energy Management System
        • HVAC Control System
        • Lighting Control System
        • Renewable Energy System
        • CO2 Emission Monitoring System
        • Others
      • Infrastructure Management System
        • Elevators and Escalators Management System
        • Smart Water Management System
        • EV Charging Infrastructure
        • Parking Management System
      • Network Management System
    • South America Smart Building, By Application Outlook (USD Million, 2018-2032)
      • Commercial
      • Industrial
      • Government & Public Infrastructure
      • Residential

    Market Trends

    Global Smart Buildings Market Overview

    Smart Buildings Market Size was valued at USD 109120.2 Million in 2023. The Smart Buildings market industry is projected to grow from USD 129525.6774 Million in 2024 to USD 509007.5 Million by 2032, exhibiting a compound annual growth rate (CAGR) of 18.66% during the forecast period (2024 – 2032). 

    The global Smart Building market is consistently growing due to the Increasing advancements in Smart Building and government support driving market growth across globe and technological advancement within the building industry. Smart buildings provide a great amount of useful building data regarding how they are used. Analyzing this data can provide insight into usage patterns and trends, allowing you to make educated decisions about how to improve your building, resulting in the following benefits.

    Figure1: Smart Buildings Market, 2018 - 2032 (USD Million)

    Smart Buildings Market

    Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

    Smart Buildings Market Driver

      • Growing Need for Energy Efficient Building

    Energy efficiency is a key factor for the sustainable development of a country. Due to the increasing global warming and govern...

    Market Segment Insights

    Smartphone Sensors Smartphone Type Insights

    The Smartphone Sensors market segmentation, based on smartphone type, includes standard smartphone, rugged smartphone, smartwatches, and other wearable. The standard smartphone segment dominated the market, accounting for the maximum market revenue. A smartphone is a mobile phone with a built-in computer and advanced features, such as web browsing and operating system, which are not associated with its counterpart. The rising mobile internet use, rising disposable income in developing countries, and high ownership of premium design smartphones are a few factors that are anticipated to grow smartphone sales. Smartphones are helped by a mobile operating system that offers advanced computing facilities. A smartphone can also work as a digital media player for uploading photos, videos, and music through a single interface.

    Smartphone Sensors Market, By Device Type Outlook, 2024 & 2035

    Smartphone Sensors Manufacturer Insights

    The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

    Smartphone Sensors Application Insights

    The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

    Smartphone Sensors Regional Insights

    The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

    Smartphone Sensors Market, By Device Type Outlook, 2024 & 2035

    Smartphone Sensors Price Insights

    The Smartphone Sensors market segmentation, based on price, includes USD 300 to USD 500, USD 100 to USD 300, above USD 500, and under USD 100. The USD 300 to USD 500 segment dominated the market revenue in the projected period. Most smartphones sold in medium-end devices have a sensor within this range. For instance: Nubia launched a new flagship Android device powered by the latest Snapdragon 8Gen 2CPU. The OEM has also specified that this gadget, which peculiarly seems to go by the name Z50 even though its processor was the z40 Pro, will compete with the Xiaomi 13 and iQOO11 series with cutting-edge LPDDR5X RAM and storage with the most recent UFS 4.0 spec.

    Get more detailed insights about Smart Building Market

    Key Players and Competitive Insights

    Leading market players are investing heavily in research and development to expand their product lines, which will help the Smartphone Sensors market, grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and growing market climate, the Smartphone Sensors industry must offer cost-effective items.

    Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Smartphone Sensors industry to benefit clients and increase the market sector. In recent years, the Smartphone Sensors industry has offered manufacturers some of the most significant advantages. Major players in the Smartphone Sensors market, including MS AG (Austria), Broadcom Inc. (US), DYNA IMAGE Corporation (China), Murata Electronics Oy (Finland), NEXT Biometrics Group ASA (Norway), Omron Corporation (Japan), Samsung Electronics Co. Ltd. (South Korea), Sony Corporation (Japan)., and others, are attempting to increase market demand by investing in research and development operations.

    Samsung is dedicated to abiding by local laws and regulations and enforcing a strict code of conduct for all employees. Samsung adheres to a straightforward business tent: to usage its technology and expertise to develop top-notch goods and services that make a more cultured world. Samsung provides a high importance on its people and technologies to do this. For Instance: In January 2023, Samsung Electronics launched its new MICRO LED, Neo QLED, and Samsung OLED product lines, along with lifestyle products and accessories, before CES® 2023.

    Apple Inc. is a multinational American technology business with its main office in Cupertino, California. According to revenue, Apple will be the top technological business in the world in 2022, with US $ 394.3 billion in sales. According to market capitalization, Apple is the largest corporation in the world as of March 2023. For Instance: In September 2022, the iPhone 14 and iPhone 14 Plus, which come in two sizes, 6.1 and 6.7 inches and include a smart design, camera upgrades, and game-changing new safety measures, were introduced by Apple. The iPhone 14 and iPhone 14 Plus have a powerful camera system that incorporates the primary and front TrueDepth cameras, the Ultra Wide camera for uncommon perspectives, and the photonic engine, an enhanced picture pipeline.

    Key Companies in the Smartphone Sensors market include

    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)

    Industry Developments

    • September 2022: Comcast and Samsung Electronics announced their partnership to create 5G Radio Access Network (RAN) technologies to enhance 5G connection for Xfinity Mobile and Comcast Business Mobile users in Comcast service zones. Samsung will provide 5G RAN technology, and Comcast will deploy Citizens Broadband Radio Service (CBRS) and 600 MHz spectrum to provide 5G access to consumer and business users in the US.
    • October 2022: Huawei announced the release of the newest antenna solutions, including the Maxwell platform and the X2 antenna series, for the subsequent 5G antenna innovation stage. The new technologies speed up 5G deployment by improving antenna and setup capabilities.

    Market Segmentation

    Smartphone Type Outlook

    • Standard Smartphone
    • Rugged Smartphone
    • Smartwatches
    • Other Wearable

    Price Outlook

    • USD 300 to USD 500
    • USD 100 to USD 300
    • Above USD 500
    • Under USD 100

    Manufacturer Outlook

    • Apple Inc.
    • Samsung Electronics
    • Huawei Technology
    • Xiaomi Inc.
    • Oppo
    • Sony Corporation
    • HMD Global

    Application Outlook

    • High-Level
    • Mid-Level
    • Low-Level

    Manufacturer Outlook

    North America
    • US
    • Canada
    Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
    Asia-Pacific
    • China
    • Japan
    • India
    • Italy
    • Australia
    • South Korea
    • Rest of Asia-Pacific
    Rest of the World
    • Middle East
    • Africa
    • Latin America

    Report Scope

    Attribute/Metric Details
    Market Size 2023 USD  109120.2 Million
    Market Size 2024 USD 129525.6774 Million
    Market Size 2032 USD 509007.5 Million
    Compound Annual Growth Rate (CAGR) 18.66 % (2024-2032)
    Base Year 2023
    Market Forecast Period 2024-2032
    Historical Data 2018- 2022
    Market Forecast Units Value (USD Million)
    Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments Covered Automation, Application, and Region
    Geographies Covered Europe, North America, Asia-Pacific, Middle East & Africa, and South America
    Countries Covered The U.S, Germany, Canada, U.K., Italy, France, Spain, Japan, China, Australia, India, South Korea, Brazil, and others.
    Key Companies Profiled Control4 Corporation (Snap One, LLC), HCL Technologies Limited, Panasonic Corporation, Advantech Co. Ltd, Johnson Controls International PLC, Hitachi Ltd, Sony Corporation, IBM Corporation, Cisco Systems, Honeywell International, Inc., Emerson Electric Co, Overkiz, ABB Group, Huawei Technologies Co. Ltd, and Siemens AG.
    Key Market Opportunities Integration with 5G technology·       Growing Strategic Acquisition And Collaborations Creating Lucrative Opportunities
    Key Market Dynamics Growing need for energy efficient building·       Increasing government initiatives toward smart infrastructure

    Market Highlights

    Author

    Aarti Dhapte
    Team Lead - Research

    She holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

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    Posted on July 23, 2025, 10:15 AM
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    Posted on July 22, 2025, 7:45 PM

    FAQs

    What will be the future of Smart Building Market in coming years?

    The Global Smart Buildings Market was valued at USD 8,540.3 Million in 2018 and is projected to surpass the USD 25,725.0 Million by 2025 with a CAGR of 17.44%.

    What will be the market Segments of Smart Building Market in 2025?

    The segment is expected to maintain its dominance over the forecast period while the network management system segment is projected to grow at the fastest CAGR of 17.44%.

    Who are the leading players in the Smart Building Market?

    The smart building market leading players is ABB Group, Cisco Systems, Inc., Siemens AG, Control4 Corporation, Schneider Electric, Johnson Controls International PLC, IBM Corporation, Emerson Electric Co., United Technologies Corporation, Legrand SA

    What is the global market size of Automotive Filter industry in Asia Pacific, North America, Europe, And Middle East?

    North America, Europe, Asia Pacific, and the Rest of the World are the key markets for smart building. North America is the largest market for smart buildings and was valued at USD 8,540.3 Million in 2018.

    1. EXECUTIVE SUMMARY 20
    2. MARKET INTRODUCTION 23
      1. DEFINITION 23
      2. SCOPE OF THE STUDY 23
      3. RESEARCH OBJECTIVE 23
      4. LIST OF ASSUMPTIONS 24
      5. MARKET STRUCTURE 24
      6. MARKET ATTRACTIVENESS
    3. RESEARCH METHODOLOGY 26
    4. MARKET DYNAMICS 33
      1. INTRODUCTION
      2. DRIVERS 34
        1. GROWING NEED FOR ENERGY EFFICIENT BUILDING 34
        2. INCREASING GOVERNMENT INITIATIVES TOWARD SMART INFRASTRUCTURE 35
        3. DRIVERS IMPACT ANALYSIS 36
      3. RESTRAINTS
        1. LACK OF TECHNICAL EXPERTISE AND INFRASTRUCTURE IN DEVELOPING COUNTRIES
        2. HIGH COST OF IMPLEMENTATION 37
        3. RESTRAINTS IMPACT ANALYSIS
      4. OPPORTUNITIES 37
        1. INTEGRATION WITH 5G TECHNOLOGY 37
      5. COVID-19 IMPACT ANALYSIS 38
        1. IMPACT OF COVID-19 ON THE SMART
        2. IMPACT ON SEMICONDUCTOR MANUFACTURERS 39
        3. IMPACT ON DEVICE MANUFACTURERS 40
        4. COVID-19 IMPACT ON SUPPLY CHAIN DELAY 40
    5. MARKET FACTOR ANALYSIS 41
      1. VALUE CHAIN ANALYSIS 41
        1. COMPONENT SUPPLIERS 42
        2. PLATFORM
        3. SYSTEM INTEGRATORS 42
        4. END USER 42
      2. PORTER’S
        1. THREAT OF NEW ENTRANTS 43
        2. BARGAINING
        3. THREAT OF SUBSTITUTES 44
        4. BARGAINING
        5. INTENSITY OF RIVALRY 44
    6. GLOBAL SMART BUILDING
      1. OVERVIEW 45
        1. GLOBAL SMART BUILDING MARKET,
      2. INTELLIGENT SECURITY SYSTEM
        1. GLOBAL SMART BUILDING MARKET, BY INTELLIGENT SECURITY SYSTEM, 2024–2032
        2. VIDEO SURVEILLANCE SYSTEM 47
        3. ACCESS CONTROL
        4. EMERGENCY MANAGEMENT SYSTEM 48
      3. BUILDING ENERGY MANAGEMENT
        1. GLOBAL SMART BUILDING MARKET, BY BUILDING ENERGY MANAGEMENT
        2. ENERGY MANAGEMENT SYSTEM 49
        3. HVAC CONTROL SYSTEM 49
        4. LIGHTING CONTROL SYSTEM 49
        5. CO2 EMISSION MONITORING SYSTEM 50
        6. GLOBAL SMART BUILDING MARKET, BY
        7. ELEVATORS
        8. SMART WATER MANAGEMENT SYSTEM 51
        9. PARKING MANAGEMENT SYSTEM 52
        10. EV CHARGING INFRASTRUCTURE 52
      4. NETWORK MANAGEMENT SYSTEM 52
    7. GLOBAL SMART BUILDING MARKET, BY APPLICATION
      1. OVERVIEW 53
        1. GLOBAL SMART BUILDING MARKET, BY APPLICATION,
      2. COMMERCIAL 54
      3. INDUSTRIAL 54
      4. GOVERNMENT & PUBLIC INFRASTRUCTURE 55
      5. RESIDENTIAL 55
    8. GLOBAL
      1. OVERVIEW 56
        1. GLOBAL SMART
        2. GLOBAL SMART
      2. NORTH AMERICA
        1. NORTH AMERICA: SMART BUILDING MARKET, BY COUNTRY, 2024–2032
        2. NORTH AMERICA SMART BUILDING MARKET, BY AUTOMATION,
        3. NORTH AMERICA SMART BUILDING MARKET,
        4. NORTH AMERICA SMART BUILDING MARKET, BY INFRASTRUCTURE
        5. NORTH AMERICA
        6. US SMART BUILDING MARKET, BY AUTOMATION, 2024–2032 (USD MILLION)
        7. US SMART BUILDING MARKET, BY INTELLIGENT SECURITY SYSTEM, 2024–2032
        8. US SMART BUILDING MARKET, BY BUILDING ENERGY MANAGEMENT
        9. US SMART BUILDING MARKET, BY
        10. USSMART
        11. CANADA
        12. CANADA SMART BUILDING MARKET, BY AUTOMATION, 2024–2032 (USD
        13. CANADA SMART BUILDING MARKET, BY INTELLIGENT SECURITY SYSTEM,
        14. CANADA SMART BUILDING MARKET, BY BUILDING
        15. CANADA
        16. CANADASMART BUILDING MARKET, BY APPLICATION, 2024–2032
        17. MEXICO 65
        18. MEXICO SMART BUILDING MARKET,
        19. MEXICO SMART BUILDING
        20. MEXICO SMART BUILDING MARKET, BY INFRASTRUCTURE
        21. MEXICO SMART
      3. EUROPE
        1. EUROPE: SMART BUILDING MARKET, BY COUNTRY, 2024–2032 (USD MILLION)
        2. EUROPE SMART BUILDING MARKET, BY AUTOMATION, 2024–2032 (USD
        3. EUROPE SMART BUILDING MARKET, BY INTELLIGENT SECURITY SYSTEM,
        4. EUROPE SMART BUILDING MARKET, BY BUILDING
        5. EUROPE
        6. EUROPE SMART BUILDING MARKET, BY APPLICATION, 2024–2032
        7. GERMANY 71
        8. GERMANY SMART BUILDING MARKET,
        9. GERMANY SMART BUILDING
        10. GERMANY SMART BUILDING MARKET, BY INFRASTRUCTURE
        11. GERMANY SMART
        12. UK
        13. UK SMART BUILDING MARKET, BY AUTOMATION, 2024–2032 (USD MILLION)
        14. UK SMART BUILDING MARKET, BY INTELLIGENT SECURITY SYSTEM, 2024–2032
        15. UK SMART BUILDING MARKET, BY BUILDING ENERGY MANAGEMENT
        16. UK SMART BUILDING MARKET, BY
        17. UKSMART
        18. FRANCE
        19. FRANCE SMART BUILDING MARKET, BY AUTOMATION, 2024–2032 (USD
        20. FRANCE SMART BUILDING MARKET, BY INTELLIGENT SECURITY SYSTEM,
        21. FRANCE SMART BUILDING MARKET, BY BUILDING
        22. FRANCE
        23. FRANCE SMART BUILDING MARKET, BY APPLICATION, 2024–2032
        24. ITALY 76
        25. ITALY SMART BUILDING MARKET, BY
        26. ITALY SMART BUILDING MARKET,
        27. ITALY
        28. ITALY SMART BUILDING MARKET, BY INFRASTRUCTURE MANAGEMENT
        29. FRANCE SMART BUILDING MARKET,
        30. REST OF EUROPE 77
        31. REST OF EUROPE SMART BUILDING MARKET, BY AUTOMATION, 2024–2032 (USD
        32. REST OF EUROPE SMART BUILDING MARKET, BY INTELLIGENT SECURITY
        33. REST OF EUROPE SMART
        34. REST OF EUROPE SMART BUILDING MARKET, BY INFRASTRUCTURE
        35. REST OF EUROPESMART
      4. ASIA-PACIFIC
        1. ASIA-PACIFIC: SMART BUILDING MARKET, BY COUNTRY, 2024–2032 (USD
        2. ASIA-PACIFIC SMART BUILDING MARKET, BY AUTOMATION, 2024–2032
        3. ASIA-PACIFIC SMART BUILDING MARKET, BY INTELLIGENT SECURITY
        4. ASIA-PACIFIC SMART BUILDING
        5. ASIA-PACIFIC SMART BUILDING MARKET, BY INFRASTRUCTURE MANAGEMENT SYSTEM,
        6. ASIA-PACIFIC SMART BUILDING MARKET,
        7. CHINA 84
        8. CHINA SMART BUILDING MARKET, BY INTELLIGENT SECURITY SYSTEM, 2024–2032
        9. CHINA SMART BUILDING MARKET, BY BUILDING ENERGY MANAGEMENT
        10. CHINA SMART BUILDING MARKET,
        11. INDIA 85
        12. INDIA SMART BUILDING MARKET, BY AUTOMATION, 2024–2032
        13. INDIA SMART BUILDING MARKET, BY INTELLIGENT SECURITY
        14. INDIA SMART BUILDING MARKET,
        15. INDIA SMART BUILDING MARKET, BY APPLICATION, 2024–2032
        16. JAPAN 87
        17. JAPAN SMART BUILDING MARKET, BY
        18. JAPAN SMART BUILDING MARKET,
        19. JAPAN
        20. JAPAN SMART BUILDING MARKET, BY INFRASTRUCTURE MANAGEMENT
        21. JAPAN SMART BUILDING
        22. SOUTH KOREA SMART BUILDING MARKET, BY AUTOMATION, 2024–2032
        23. SOUTH KOREA SMART BUILDING MARKET, BY INTELLIGENT SECURITY
        24. SOUTH KOREA SMART BUILDING
        25. SOUTH KOREA SMART BUILDING MARKET, BY INFRASTRUCTURE MANAGEMENT SYSTEM,
        26. SOUTH KOREA SMART BUILDING MARKET,
        27. REST OF ASIA-PACIFIC
        28. REST OF ASIA-PACIFIC SMART BUILDING MARKET, BY AUTOMATION, 2024–2032
        29. REST OF ASIA-PACIFIC SMART BUILDING MARKET, BY INTELLIGENT
        30. REST OF ASIA-PACIFIC
        31. REST OF ASIA-PACIFIC SMART BUILDING MARKET, BY INFRASTRUCTURE
        32. REST OF ASIA-PACIFIC
        33. REST OF THE WORLD: SMART BUILDING MARKET, BY COUNTRY,
        34. REST OF THE WORLD SMART BUILDING MARKET,
        35. REST OF THE WORLD SMART
        36. REST OF THE WORLD SMART BUILDING MARKET, BY BUILDING ENERGY MANAGEMENT
        37. REST OF THE WORLD SMART
        38. REST OF THE WORLD SMART BUILDING MARKET, BY APPLICATION,
        39. MIDDLE EAST & AFRICA 97
        40. MIDDLE EAST & AFRICA SMART BUILDING MARKET, BY INTELLIGENT
        41. MIDDLE EAST
        42. MIDDLE EAST & AFRICA SMART BUILDING MARKET, BY
        43. SOUTH AMERICA 99
        44. SOUTH AMERICA SMART BUILDING
        45. SOUTH AMERICA
        46. SOUTH AMERICA SMART BUILDING MARKET, BY BUILDING ENERGY
        47. SOUTH AMERICA
        48. SOUTH AMERICA SMART BUILDING MARKET, BY APPLICATION,
    9. COMPETITIVE LANDSCAPE 101
      1. COMPETITIVE
      2. VENDOR SHARE ANALYSIS 103
      3. RECENT DEVELOPMENTS
        1. COLLABORATION AND PARTNERSHIP 103
        2. ACQUISITION 104
        3. OTHERS 107
        4. BUSINESS EXPANSION 107
      4. CONTROL4 CORPORATION (SNAP ONE, LLC) 108
        1. FINANCIAL OVERVIEW 109
        2. PRODUCTS/SOLUTIONS/SERVICES
        3. KEY DEVELOPMENTS 111
        4. SWOT ANALYSIS 112
      5. HCL TECHNOLOGIES LIMITED 113
        1. COMPANY OVERVIEW
        2. FINANCIAL OVERVIEW 114
        3. PRODUCTS/SOLUTIONS/SERVICES OFFERED
        4. KEY DEVELOPMENTS 115
        5. SWOT ANALYSIS 115
        6. KEY
      6. PANASONIC CORPORATION 117
        1. COMPANY OVERVIEW
        2. FINANCIAL OVERVIEW 118
        3. PRODUCTS OFFERED 118
        4. SWOT ANALYSIS 120
        5. KEY STRATEGIES 120
      7. ADVANTECH CO. LTD 121
        1. COMPANY OVERVIEW 121
        2. PRODUCTS/SOLUTIONS/SERVICES OFFERED 122
        3. SWOT ANALYSIS 123
        4. KEY STRATEGIES 124
      8. JOHNSON CONTROLS INTERNATIONAL PLC 125
        1. COMPANY OVERVIEW 125
        2. FINANCIAL OVERVIEW 126
        3. PRODUCTS/SOLUTIONS/SERVICES OFFERED
        4. KEY DEVELOPMENTS 127
        5. SWOT ANALYSIS 128
        6. KEY
      9. HITACHI LTD 129
        1. COMPANY OVERVIEW 129
        2. PRODUCTS/SOLUTIONS/SERVICES OFFERED 130
        3. SWOT ANALYSIS 131
        4. KEY STRATEGIES 131
      10. SONY CORPORATION 132
        1. COMPANY OVERVIEW 132
        2. FINANCIAL
        3. PRODUCTS OFFERED 134
        4. KEY DEVELOPMENTS 134
        5. SWOT ANALYSIS 134
        6. KEY STRATEGIES 135
      11. IBM CORPORATION
        1. COMPANY OVERVIEW 136
        2. FINANCIAL OVERVIEW 137
        3. KEY DEVELOPMENTS 138
        4. KEY STRATEGIES 138
      12. CISCO SYSTEMS,
        1. COMPANY OVERVIEW 139
        2. FINANCIAL OVERVIEW 140
        3. PRODUCTS/SOLUTIONS/SERVICES OFFERED 140
        4. KEY DEVELOPMENTS 141
        5. SWOT ANALYSIS 141
        6. KEY STRATEGIES 142
      13. HONEYWELL INTERNATIONAL,
        1. COMPANY OVERVIEW 143
        2. FINANCIAL OVERVIEW 144
        3. PRODUCTS/SOLUTIONS/SERVICES OFFERED 145
        4. KEY DEVELOPMENTS
        5. SWOT ANALYSIS 146
        6. KEY STRATEGIES 146
      14. EMERSON
        1. COMPANY OVERVIEW 147
        2. FINANCIAL OVERVIEW
        3. PRODUCTS OFFERED 148
        4. KEY DEVELOPMENTS 149
        5. KEY STRATEGIES 150
      15. OVERKIZ 151
        1. FINANCIAL OVERVIEW 151
        2. PRODUCTS OFFERED
        3. KEY DEVELOPMENTS 152
        4. SWOT ANALYSIS 152
      16. ABB GROUP 153
        1. COMPANY OVERVIEW 153
        2. FINANCIAL OVERVIEW 154
        3. PRODUCTS/SOLUTIONS/SERVICES OFFERED
        4. KEY DEVELOPMENTS 157
        5. SWOT ANALYSIS 157
      17. HUAWEI TECHNOLOGIES CO. LTD 159
        1. FINANCIAL OVERVIEW 160
        2. PRODUCTS OFFERED
        3. KEY DEVELOPMENTS 160
        4. SWOT ANALYSIS 161
      18. SIEMENS AG 162
        1. COMPANY OVERVIEW 162
        2. FINANCIAL OVERVIEW 163
        3. PRODUCTS OFFERED 163
        4. SWOT ANALYSIS 165
        5. KEY STRATEGIES
    10. US SMART BUILDING MARKET, BY AUTOMATION, 2024–2032 (USD MILLION) 62
    11. US SMART BUILDING MARKET, BY APPLICATION, 2024–2032 (USD MILLION) 63
    12. MEXICO SMART BUILDING MARKET, BY INFRASTRUCTURE MANAGEMENT SYSTEM, 2024–2032
    13. EUROPE SMART BUILDING MARKET, BY INFRASTRUCTURE MANAGEMENT SYSTEM, 2024–2032
    14. GERMANY SMART BUILDING MARKET, BY INFRASTRUCTURE MANAGEMENT SYSTEM, 2024–2032
    15. UK SMART BUILDING MARKET, BY INFRASTRUCTURE MANAGEMENT SYSTEM, 2024–2032
    16. FRANCE SMART BUILDING MARKET, BY INFRASTRUCTURE MANAGEMENT SYSTEM, 2024–2032
    17. ITALY SMART BUILDING MARKET, BY INFRASTRUCTURE MANAGEMENT SYSTEM, 2024–2032
    18. ASIA-PACIFIC SMART BUILDING MARKET, BY COUNTRY, 2024–2032 (USD MILLION)
    19. SOUTH KOREA SMART BUILDING MARKET, BY INTELLIGENT SECURITY SYSTEM, 2024–2032
    20. REST OF ASIA-PACIFIC SMART BUILDING MARKET, BY BUILDING ENERGY MANAGEMENT SYSTEM,
    21. MIDDLE EAST & AFRICA SMART BUILDING MARKET, BY INFRASTRUCTURE MANAGEMENT
    22. SOUTH AMERICA SMART BUILDING MARKET, BY AUTOMATION, 2024–2032 (USD MILLION)
    23. SOUTH AMERICA SMART BUILDING MARKET, BY INFRASTRUCTURE MANAGEMENT SYSTEM, 2024–2032
    24. ADVANTECH CO. LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED 122
    25. DRO ANALYSIS OF GLOBAL SMART BUILDING MARKET 33

    Smart Buildings Market Segmentation

    • Global Smart Building, By Automation Outlook (USD Million, 2018-2032)
      • Intelligent Security System
        • Video Surveillance System
        • Access Control System
        • Emergency Management System
      • Building Energy Management System
        • Energy Management System
        • HVAC Control System
        • Lighting Control System
        • Renewable Energy System
        • CO2 Emission Monitoring System
        • Others
      • Infrastructure Management System
        • Elevators and Escalators Management System
        • Smart Water Management System
        • EV Charging Infrastructure
        • Parking Management System
      • Network Management System
    • Global Smart Building, By Application Outlook (USD Million, 2018-2032)
      • Commercial
      • Industrial
      • Government & Public Infrastructure
      • Residential

    Global Smart Building Regional Outlook (USD Million, 2018-2032)

    • North America Outlook (USD Million, 2018-2032)
    • North America Smart Building, By Automation Outlook (USD Million, 2018-2032)
      • Intelligent Security System
        • Video Surveillance System
        • Access Control System
        • Emergency Management System
      • Building Energy Management System
        • Energy Management System
        • HVAC Control System
        • Lighting Control System
        • Renewable Energy System
        • CO2 Emission Monitoring System
        • Others
      • Infrastructure Management System
        • Elevators and Escalators Management System
        • Smart Water Management System
        • EV Charging Infrastructure
        • Parking Management System
      • Network Management System
    • North America Smart Building, By Application Outlook (USD Million, 2018-2032)
      • Commercial
      • Industrial
      • Government & Public Infrastructure
      • Residential
    • US Outlook (USD Million, 2018-2032)
    • US Smart Building, By Automation Outlook (USD Million, 2018-2032)
      • Intelligent Security System
        • Video Surveillance System
        • Access Control System
        • Emergency Management System
      • Building Energy Management System
        • Energy Management System
        • HVAC Control System
        • Lighting Control System
        • Renewable Energy System
        • CO2 Emission Monitoring System
        • Others
      • Infrastructure Management System
        • Elevators and Escalators Management System
        • Smart Water Management System
        • EV Charging Infrastructure
        • Parking Management System
      • Network Management System
    • US Smart Building, By Application Outlook (USD Million, 2018-2032)
      • Commercial
      • Industrial
      • Government & Public Infrastructure
      • Residential
    • Canada Outlook (USD Million, 2018-2032)
    • Canada Smart Building, By Automation Outlook (USD Million, 2018-2032)
      • Intelligent Security System
        • Video Surveillance System
        • Access Control System
        • Emergency Management System
      • Building Energy Management System
        • Energy Management System
        • HVAC Control System
        • Lighting Control System
        • Renewable Energy System
        • CO2 Emission Monitoring System
        • Others
      • Infrastructure Management System
        • Elevators and Escalators Management System
        • Smart Water Management System
        • EV Charging Infrastructure
        • Parking Management System
      • Network Management System
    • Canada Smart Building, By Application Outlook (USD Million, 2018-2032)
      • Commercial
      • Industrial
      • Government & Public Infrastructure
      • Residential
    • Mexico Outlook (USD Million, 2018-2032)
    • Mexico Smart Building, By Automation Outlook (USD Million, 2018-2032)
      • Intelligent Security System
        • Video Surveillance System
        • Access Control System
        • Emergency Management System
      • Building Energy Management System
        • Energy Management System
        • HVAC Control System
        • Lighting Control System
        • Renewable Energy System
        • CO2 Emission Monitoring System
        • Others
      • Infrastructure Management System
        • Elevators and Escalators Management System
        • Smart Water Management System
        • EV Charging Infrastructure
        • Parking Management System
      • Network Management System
    • Mexico Smart Building, By Application Outlook (USD Million, 2018-2032)
      • Commercial
      • Industrial
      • Government & Public Infrastructure
      • Residential
    • Europe Outlook (USD Million, 2018-2032)
    • Europe Smart Building, By Automation Outlook (USD Million, 2018-2032)
      • Intelligent Security System
        • Video Surveillance System
        • Access Control System
        • Emergency Management System
      • Building Energy Management System
        • Energy Management System
        • HVAC Control System
        • Lighting Control System
        • Renewable Energy System
        • CO2 Emission Monitoring System
        • Others
      • Infrastructure Management System
        • Elevators and Escalators Management System
        • Smart Water Management System
        • EV Charging Infrastructure
        • Parking Management System
      • Network Management System
    • Europe Smart Building, By Application Outlook (USD Million, 2018-2032)
      • Commercial
      • Industrial
      • Government & Public Infrastructure
      • Residential

     

    • Germany Outlook (USD Million, 2018-2032)
    • Germany Smart Building, By Automation Outlook (USD Million, 2018-2032)
      • Intelligent Security System
        • Video Surveillance System
        • Access Control System
        • Emergency Management System
      • Building Energy Management System
        • Energy Management System
        • HVAC Control System
        • Lighting Control System
        • Renewable Energy System
        • CO2 Emission Monitoring System
        • Others
      • Infrastructure Management System
        • Elevators and Escalators Management System
        • Smart Water Management System
        • EV Charging Infrastructure
        • Parking Management System
      • Network Management System
    • Germany Smart Building, By Application Outlook (USD Million, 2018-2032)
      • Commercial
      • Industrial
      • Government & Public Infrastructure
      • Residential

     

    • France Outlook (USD Million, 2018-2032)
    • France Smart Building, By Automation Outlook (USD Million, 2018-2032)
      • Intelligent Security System
        • Video Surveillance System
        • Access Control System
        • Emergency Management System
      • Building Energy Management System
        • Energy Management System
        • HVAC Control System
        • Lighting Control System
        • Renewable Energy System
        • CO2 Emission Monitoring System
        • Others
      • Infrastructure Management System
        • Elevators and Escalators Management System
        • Smart Water Management System
        • EV Charging Infrastructure
        • Parking Management System
      • Network Management System
    • France Smart Building, By Application Outlook (USD Million, 2018-2032)
      • Commercial
      • Industrial
      • Government & Public Infrastructure
      • Residential

     

    • UK Outlook (USD Million, 2018-2032)
    • UK Smart Building, By Automation Outlook (USD Million, 2018-2032)
      • Intelligent Security System
        • Video Surveillance System
        • Access Control System
        • Emergency Management System
      • Building Energy Management System
        • Energy Management System
        • HVAC Control System
        • Lighting Control System
        • Renewable Energy System
        • CO2 Emission Monitoring System
        • Others
      • Infrastructure Management System
        • Elevators and Escalators Management System
        • Smart Water Management System
        • EV Charging Infrastructure
        • Parking Management System
      • Network Management System
    • UK Smart Building, By Application Outlook (USD Million, 2018-2032)
      • Commercial
      • Industrial
      • Government & Public Infrastructure
      • Residential

     

    • Rest of Europe Outlook (USD Million, 2018-2032)
    • Rest of Europe Smart Building, By Automation Outlook (USD Million, 2018-2032)
      • Intelligent Security System
        • Video Surveillance System
        • Access Control System
        • Emergency Management System
      • Building Energy Management System
        • Energy Management System
        • HVAC Control System
        • Lighting Control System
        • Renewable Energy System
        • CO2 Emission Monitoring System
        • Others
      • Infrastructure Management System
        • Elevators and Escalators Management System
        • Smart Water Management System
        • EV Charging Infrastructure
        • Parking Management System
      • Network Management System
    • Rest of Europe Smart Building, By Application Outlook (USD Million, 2018-2032)
      • Commercial
      • Industrial
      • Government & Public Infrastructure
      • Residential
    • Asia-Pacific Outlook (USD Million, 2018-2032)
    • Asia-Pacific Smart Building, By Automation Outlook (USD Million, 2018-2032)
      • Intelligent Security System
        • Video Surveillance System
        • Access Control System
        • Emergency Management System
      • Building Energy Management System
        • Energy Management System
        • HVAC Control System
        • Lighting Control System
        • Renewable Energy System
        • CO2 Emission Monitoring System
        • Others
      • Infrastructure Management System
        • Elevators and Escalators Management System
        • Smart Water Management System
        • EV Charging Infrastructure
        • Parking Management System
      • Network Management System
    • Asia-Pacific Smart Building, By Application Outlook (USD Million, 2018-2032)
      • Commercial
      • Industrial
      • Government & Public Infrastructure
      • Residential
    • China Outlook (USD Million, 2018-2032)
    • China Smart Building, By Automation Outlook (USD Million, 2018-2032)
      • Intelligent Security System
        • Video Surveillance System
        • Access Control System
        • Emergency Management System
      • Building Energy Management System
        • Energy Management System
        • HVAC Control System
        • Lighting Control System
        • Renewable Energy System
        • CO2 Emission Monitoring System
        • Others
      • Infrastructure Management System
        • Elevators and Escalators Management System
        • Smart Water Management System
        • EV Charging Infrastructure
        • Parking Management System
      • Network Management System
    • China Smart Building, By Application Outlook (USD Million, 2018-2032)
      • Commercial
      • Industrial
      • Government & Public Infrastructure
      • Residential
    • India Outlook (USD Million, 2018-2032)
    • India Smart Building, By Automation Outlook (USD Million, 2018-2032)
      • Intelligent Security System
        • Video Surveillance System
        • Access Control System
        • Emergency Management System
      • Building Energy Management System
        • Energy Management System
        • HVAC Control System
        • Lighting Control System
        • Renewable Energy System
        • CO2 Emission Monitoring System
        • Others
      • Infrastructure Management System
        • Elevators and Escalators Management System
        • Smart Water Management System
        • EV Charging Infrastructure
        • Parking Management System
      • Network Management System
    • India Smart Building, By Application Outlook (USD Million, 2018-2032)
      • Commercial
      • Industrial
      • Government & Public Infrastructure
      • Residential
    • Japan Outlook (USD Million, 2018-2032)
    • Japan Smart Building, By Automation Outlook (USD Million, 2018-2032)
      • Intelligent Security System
        • Video Surveillance System
        • Access Control System
        • Emergency Management System
      • Building Energy Management System
        • Energy Management System
        • HVAC Control System
        • Lighting Control System
        • Renewable Energy System
        • CO2 Emission Monitoring System
        • Others
      • Infrastructure Management System
        • Elevators and Escalators Management System
        • Smart Water Management System
        • EV Charging Infrastructure
        • Parking Management System
      • Network Management System
    • Japan Smart Building, By Application Outlook (USD Million, 2018-2032)
      • Commercial
      • Industrial
      • Government & Public Infrastructure
      • Residential
    • South Korea Outlook (USD Million, 2018-2032)
    • South Korea Smart Building, By Automation Outlook (USD Million, 2018-2032)
      • Intelligent Security System
        • Video Surveillance System
        • Access Control System
        • Emergency Management System
      • Building Energy Management System
        • Energy Management System
        • HVAC Control System
        • Lighting Control System
        • Renewable Energy System
        • CO2 Emission Monitoring System
        • Others
      • Infrastructure Management System
        • Elevators and Escalators Management System
        • Smart Water Management System
        • EV Charging Infrastructure
        • Parking Management System
      • Network Management System
    • South Korea Smart Building, By Application Outlook (USD Million, 2018-2032)
      • Commercial
      • Industrial
      • Government & Public Infrastructure
      • Residential
    • Rest of Asia-Pacific Outlook (USD Million, 2018-2032)
    • Rest of Asia-Pacific Smart Building, By Automation Outlook (USD Million, 2018-2032)
      • Intelligent Security System
        • Video Surveillance System
        • Access Control System
        • Emergency Management System
      • Building Energy Management System
        • Energy Management System
        • HVAC Control System
        • Lighting Control System
        • Renewable Energy System
        • CO2 Emission Monitoring System
        • Others
      • Infrastructure Management System
        • Elevators and Escalators Management System
        • Smart Water Management System
        • EV Charging Infrastructure
        • Parking Management System
      • Network Management System
    • Rest of Asia-Pacific Smart Building, By Application Outlook (USD Million, 2018-2032)
      • Commercial
      • Industrial
      • Government & Public Infrastructure
      • Residential
    • Middle East & Africa Outlook (USD Million, 2018-2032)
    • Middle East & Africa Smart Building, By Automation Outlook (USD Million, 2018-2032)
      • Intelligent Security System
        • Video Surveillance System
        • Access Control System
        • Emergency Management System
      • Building Energy Management System
        • Energy Management System
        • HVAC Control System
        • Lighting Control System
        • Renewable Energy System
        • CO2 Emission Monitoring System
        • Others
      • Infrastructure Management System
        • Elevators and Escalators Management System
        • Smart Water Management System
        • EV Charging Infrastructure
        • Parking Management System
      • Network Management System
    • Middle East & Africa Smart Building, By Application Outlook (USD Million, 2018-2032)
      • Commercial
      • Industrial
      • Government & Public Infrastructure
      • Residential
    • South America Outlook (USD Million, 2018-2032)
    • South America Smart Building, By Automation Outlook (USD Million, 2018-2032)
      • Intelligent Security System
        • Video Surveillance System
        • Access Control System
        • Emergency Management System
      • Building Energy Management System
        • Energy Management System
        • HVAC Control System
        • Lighting Control System
        • Renewable Energy System
        • CO2 Emission Monitoring System
        • Others
      • Infrastructure Management System
        • Elevators and Escalators Management System
        • Smart Water Management System
        • EV Charging Infrastructure
        • Parking Management System
      • Network Management System
    • South America Smart Building, By Application Outlook (USD Million, 2018-2032)
      • Commercial
      • Industrial
      • Government & Public Infrastructure
      • Residential
    Infographic

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    Smartphone Motherboard Parts Manufacturing Research