Global Smart Home Market Size, Share, Growth Analysis Report - Forecast 2034
Smart Home Market By Product Type (Smart Lighting, Smart Security, Smart HVAC, Smart Kitchen Appliances, Smart Entertainment, Smart Plumbing, Smart Furniture), By Technology (Wireless (Wi-Fi, ZigBee, Z-Wave, Bluetooth), Wired), By Application (Energy Management, Comfort & Lighting, Security & Access Control, Home Entertainment), By Sales Channel (Online, Offline), By End-user (Residential, Commercial), and By Region: Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 - 2034
| Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 127.56 Billion | USD 1403.42 Billion | 27.1% | 2024 |
Table Of Content
- Chapter 1. Preface
- 1.1. Report description and scope
- 1.2. Research scope
- 1.3. Research methodology
- 1.3.1. Market research process
- 1.3.2. Market research methodology
- Chapter 2. Executive Summary
- 2.1. Global smart home market , 2016 - 2022, (USD Billion)
- 2.2. Smart home market : Market snapshot
- Chapter 3. Global Smart home market – Industry Analysis
- 3.1. Smart home market : Market dynamics
- 3.2. Market Drivers
- 3.2.1. Rising need of energy efficient solution
- 3.3. Restraints
- 3.3.1. High installation cost
- 3.3.2. Limited consumer demand
- 3.4. Opportunity
- 3.4.1. High end devices coupled with technologically advanced features
- 3.5. Porter’s Five Forces Analysis
- 3.6. Market Attractiveness Analysis
- 3.6.1. Market attractiveness analysis by product segment
- 3.6.2. Market attractiveness analysis by regional segment
- Chapter 4. Global Smart Home Market - Competitive Landscape
- 4.1. Company market share analysis, 2016 (Subject to data availability)
- Chapter 5. Global Smart Home Market –Product Segment Analysis
- 5.1. Global smart home market revenue share, by product, 2016 & 2022
- 5.2. Global smart home market by smart kitchen, 2016-2022(USD Billion)
- 5.3. Global smart home market by security & access control, 2016-2022(USD Billion)
- 5.4. Global smart home market by lighting control, 2016-2022(USD Billion)
- 5.5. Global smart home market by home healthcare, 2016-2022(USD Billion)
- 5.6. Global smart home market by HAVC, 2016-2022(USD Billion)
- 5.7. Global smart home market by others, 2016-2022(USD Billion)
- Chapter 6. Global Smart Home Market – Software Segment Analysis
- 6.1. Global smart home market revenue share, by software, 2016 & 2022
- 6.2. Global smart home market by behavior, 2016-2022(USD Billion)
- 6.3. Global smart home market by proactive, 2016-2022(USD Billion)
- Chapter 7. Global Smart Home Market - Regional Analysis
- 7.1. Global smart home market : Regional overview
- 7.1.1. Global smart home market revenue share, by region, 2016 and 2022
- 7.2. North America
- 7.2.1. North America smart home market revenue, by product 2016 – 2022 (USD Billion)
- 7.2.2. North America smart home market revenue, by software, 2016 – 2022 (USD Billion)
- 7.3. Europe
- 7.3.1. Europe smart home market revenue, by product, 2016 – 2022 (USD Billion)
- 7.3.2. Europe smart home market revenue, by software, 2016– 2022 (USD Billion)
- 7.4. Asia Pacific
- 7.4.1. Asia-Pacific smart home market revenue, by product, 2016 – 2022 (USD Billion)
- 7.4.2. Asia-Pacific smart home market revenue, by software, 2016 – 2022 (USD Billion)
- 7.5. Latin America
- 7.5.1. Latin America smart home market revenue, by product, 2016– 2022 (USD Billion)
- 7.5.2. Latin America smart home market revenue, by software, 2016– 2022 (USD Billion)
- 7.6. Middle East & Africa
- 7.6.1. Middle East & Africa smart home market revenue, by product, 2016 – 2022 (USD Billion)
- 7.6.2. Middle East & Africa smart home market revenue, by software, 2016 – 2022 (USD Billion)
- 7.1. Global smart home market : Regional overview
- Chapter 8. Company Profiles
- 8.1. Ingersoll-Rand plc.
- 8.1.1. Overview
- 8.1.2. Financials
- 8.1.3. Product portfolio
- 8.1.4. Business strategy
- 8.1.5. Recent developments
- 8.2. Legrand
- 8.2.1. Overview
- 8.2.2. Financials
- 8.2.3. Product portfolio
- 8.2.4. Business strategy
- 8.2.5. Recent developments
- 8.3. Siemens AG
- 8.3.1. Overview
- 8.3.2. Financials
- 8.3.3. Product portfolio
- 8.3.4. Business strategy
- 8.3.5. Recent developments
- 8.4. Johnson Controls Inc.
- 8.4.1. Overview
- 8.4.2. Financials
- 8.4.3. Product portfolio
- 8.4.4. Business strategy
- 8.4.5. Recent developments
- 8.5. Schneider Electric SE
- 8.5.1. Overview
- 8.5.2. Financials
- 8.5.3. Product portfolio
- 8.5.4. Business strategy
- 8.5.5. Recent development
- 8.6. ABB Ltd.
- 8.6.1. Overview
- 8.6.2. Financials
- 8.6.3. Product portfolio
- 8.6.4. Business strategy
- 8.6.5. Recent developments
- 8.7. Acuity Brands, Inc.
- 8.7.1. Overview
- 8.7.2. Financials
- 8.7.3. Product portfolio
- 8.7.4. Business strategy
- 8.7.5. Recent developments
- 8.8. United Technologies Corporation
- 8.8.1. Overview
- 8.8.2. Financials
- 8.8.3. Product portfolio
- 8.8.4. Business strategy
- 8.8.5. Recent developments
- 8.9. Samsung Electronics Co.
- 8.9.1. Overview
- 8.9.2. Financials
- 8.9.3. Product portfolio
- 8.9.4. Business strategy
- 8.9.5. Recent developments
- 8.10. Nest Labs, Inc.
- 8.10.1. Overview
- 8.10.2. Financials
- 8.10.3. Product portfolio
- 8.10.4. Business strategy
- 8.10.5. Recent developments
- 8.11. Honeywell International Inc.
- 8.11.1. Overview
- 8.11.2. Financials
- 8.11.3. Product portfolio
- 8.11.4. Business strategy
- 8.11.5. Recent developments
- 8.12. Crestron Electronics, Inc.
- 8.12.1. Overview
- 8.12.2. Financials
- 8.12.3. Product portfolio
- 8.12.4. Business strategy
- 8.12.5. Recent developments
- 8.1. Ingersoll-Rand plc.
Table Of Figures
List of Figures
1. Global smart home market segmentation by product, service product, software, and geography
2. Global smart home market, 2016 - 2022 (USD Billion)
3. Porter’s five forces analysis: Smart home market
4. Global smart home market attractiveness, by product, 2016
5. Global smart home market attractiveness, by software, 2016
6. Global smart home market attractiveness, by region, 2016
7. Global smart home market revenue share, by product, 2016 & 2022
8. Global smart home market by smart kitchen, 2016-2022(USD Billion)
9. Global smart home market by security & access control, 2016-2022(USD Billion)
10. Global smart home market by lighting control, 2016-2022(USD Billion)
11. Global smart home market by home healthcare, 2016-2022(USD Billion)
12. Global smart home market by HVAC control, 2016-2022(USD Billion)
13. Global smart home market by others, 2016-2022(USD Billion)
14. Global smart home market revenue share, by software 2016 & 2022
15. Global smart home market for behavior, 2016-2022(USD Billion)
16. Global smart home market for proactive, 2016 – 2022 (USD Billion)
17. Global smart home market revenue share, by region, 2016 - 2022
18. North America smart home market, 2016 - 2022, (USD Billion)
19. Europe smart home market, 2016 - 2022, (USD Billion)
20. Asia Pacific smart home market, 2016 - 2022(USD Billion)
21. Latin America smart home market, 2016-2022 (USD Billion)
22. Middle East & Africa smart home market , 2016 – 2022, (USD Billion)
Table Of Tables
List of Tables
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1. Global smart home market snapshot
2. Drivers for smart home market: Impact analysis
3. Restraints of smart home market: Impact analysis
4. North America smart home market revenue, by product, 2016 – 2022 (USD Billion)
5. North America smart home market revenue, by software, 2016 – 2022 (USD Billion)
6. Europe smart home market revenue, by product, 2016 – 2022 (USD Billion)
7. Europe smart home market revenue, by software, 2016 – 2022 (USD Billion)
8. Asia-Pacific smart home market revenue, by product, 2016 – 2022 (USD Billion)
9. Asia-Pacific smart home market revenue, by software, 2016 – 2022 (USD Billion)
10. Latin America smart home market revenue, by product, 2016 – 2022 (USD Billion)
11. Latin America smart home market revenue, by software, 2016 – 2022 (USD Billion)
12. The Middle East & Africa smart home market revenue, by product, 2016 – 2022 (USD Billion)
13. The Middle East & Africa smart home market revenue, by software, 2016 – 2022 (USD Billion)
Methodology
FrequentlyAsked Questions
The global smart home market is expected to grow due to increasing adoption of IoT devices, consumer demand for convenience and energy efficiency, and rising awareness of home security and automation.
According to a study, the global smart home market size was worth around USD 127.56 Billion in 2024 and is expected to reach USD 1403.42 Billion by 2034.
The global smart home market is expected to grow at a CAGR of 27.1% during the forecast period.
North America is expected to dominate the smart home market over the forecast period.
Leading players in the global smart home market include United Technologies Corporation, ABB Ltd, Legrand, Honeywell International Inc, Siemens AG, Samsung Electronics Co Ltd, Johnson Controls Inc, Nest Labs, Inc, Ingersoll-Rand plc, Schneider Electric SE, Acuity Brands, Inc, and Crestron Electronics Inc, among others.
The report explores crucial aspects of the smart home market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
A smart home is a domicile that is outfitted with computing and information technology gadgets that anticipate and respond to the residents' requirements. Upgraded technologies within these residences ensure the comfort, convenience, security, and entertainment of their residents. The notion of "smart houses" has been around for quite some time; currently, the smart home market by a number of innovations and is subject to a variety of regulatory requirements. Smart homes feature remotely monitorable automated equipment for applications such as security and access management, lighting control, HVAC control, entertainment control, home healthcare, smart kitchens, and home appliances.
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