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Smart Home Market
Smart Home Market Size, Share, Forecast, & Trends Analysis by Product Type (Smart Lightning Systems, Smart Speakers, Smart Security & Monitoring Systems, Smart Home Appliances), Protocol & Standard (Wireless Protocols, Wired Protocols, Hybrid Protocols), and Geography - Global Forecast to 2031
Report ID:MRICT - 104329 Pages: 250 Jul-2024 Formats*: PDF Category: Information and Communications Technology Delivery: 24 to 48 HoursThe smart home market was valued at $133.8 billion in 2023. This market is expected to reach $354.9 billion by 2031 from an estimated $146.6 billion in 2024, at a CAGR of 13.5% during the forecast period 2024-2031.
Smart Home Market Size & Forecast
The growth of this market is attributed to the rising sense of home safety & security, the wider proliferation of the Internet of Things (IoT), and the need for better energy efficiency. Moreover, the significant growth opportunities in emerging Asia-Pacific and the Middle East & Africa and the need for complete flexibility & customization for consumers are expected to offer growth opportunities for the players operating in this market.
Smart Home Market Growth Drivers
Rising Sense of Home Safety and Security Supports the Growth of Smart Home Market
Physical safety and security have become one of the major concerns in the global real estate industry. Homeowners today are increasingly concerned about their families' and possessions' safety and security. This is largely driven by the large number of thefts and burglaries and the effectiveness of home security systems in curtailing these to a large extent. For instance, in 2021, 619,811 burglary cases were recorded in the U.S. However, cases have steadily declined, and security systems are crucial in bringing down those numbers. In the U.S., four out of ten consumers are willing to adopt smart home systems to prioritize making their home more secure. Besides security systems, smart safety devices, including motion sensors, fire & smoke sensors, and leak detectors, among others, are also some of the key products adopted from the safety point of view.
Government bodies and several organizations are also focusing on offering various smart devices for consumer protection and security. For instance, in February 2022, Thales Group (France) launched its new IoT connectivity solution with improved reliability and security for smart grids and connected home appliances. Consequently, the growing sense of home safety and security is driving the adoption of smart security and safety devices, thereby contributing to the growth of the overall smart home market.
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Wider Proliferation of Internet of Things (IoT) Drives the Growth of Smart Home Market
Over the past decade, the power of the internet has projected its power beyond computers and smartphones and has made a huge impact across various sectors. IoT devices have become one of the prominent global economic drivers changing diverse sectors, including healthcare, industrial, commercial, and residential. According to a report published by the U.K. government's chief scientific adviser, the growth of the IoT industry is majorly attributed to the availability of inexpensive semiconductors, wider network availability, boosted capacity, and technological advancement in data management and storage.
While IoT is revolutionizing the industrial sectors, its application and impact on the commercial and residential sectors is seen in the form of greater deployment of smart home systems. Several organizations are providing smart technologies integrated with IoT devices for home applications. For instance, in July 2021, China Mobile International Limited (China) launched a smart home IoT management platform to provide consumers with one-stop access to IoT hardware and standardized end-to-end applications with unified connectivity and provide a digital lifestyle across Europe. Thus, as new applications of IoT are developed for smart home systems, their adoption is slated to grow over the coming years, thereby driving the market growth.
Smart Home Market Opportunity
Need for Complete Flexibility & Customization for Consumers Offer Growth Opportunities in the Global Smart Home Market
Smart home technology encompasses a variety of devices, applications, services, and interfaces, among others. All these smart home products are designed and developed with a view to appeal to a mass market. However, barring a few categories of smart devices, such as smart safety & security devices, individual consumers have individual user preferences for smart home applications and devices. This has been one of the challenges for smart home device manufacturers failing to attract individual consumers. The pre-ordered package solution provided by a single brand could not gratify the unique needs of every single consumer. This indeed opens a world of opportunity for the smart home device providers to offer an open platform capable of hosting all third-party systems and devices. This will give complete freedom to the users to customize their smart home ecosystem according to personal requirements.
Many of the leading smart home device providers have already started to collaborate with other companies to provide complete personalization and customization to customers. For instance, devices such as Amazon Echo of Amazon Web Services, Inc. (U.S.) and Google Home of Google LLC (U.S.) work on the platform, which is compatible with several other home automation systems such as Phillips Hue lightbulbs and Belkin’s WeMo product line. Similarly, several smart TV manufacturers are introducing their products as the main control hub to control other smart devices seamlessly. Although achieving absolute customization is challenging in the present time, companies are cooperating to offer a maximum degree of personalization and customization to consumers. Such factors are providing opportunities for smart home device providers to support market growth.
Smart Home Market Analysis: Key Findings
By Product Type: In 2024, the Smart Security & Monitoring Systems Segment to Dominate the Smart Home Market
Based on product type, the global smart home market is segmented into smart lighting systems, smart speakers, smart HVAC control, smart security & monitoring systems, smart entertainment systems, smart home appliances, smart kitchen appliances, smart home healthcare systems, and smart furniture. In 2024, the smart security & monitoring systems segment is expected to account for the largest share of over 23% of the global smart home market. The large market share of this segment is attributed to the rising sense of home safety and security. The smart security systems industry is evolving with technological developments, leading to the availability of systems with better security features and improved performance. In March 2023, Google LLC (U.S.) and ADT (U.S.) launched a smart home security system to offer internet-connected security features with their existing smart home ecosystem for consumers. As smartphones and the Internet have gained wider penetration, the security and monitoring systems industry immediately leveraged this and integrated connectivity and remote access into the systems. This ensures that the benefits of these systems are realized without compromising individual rights and privacy.
However, the smart speakers segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by the increasing consumer preference for technologically advanced products, the increasing demand for display-based smart speaker devices, and the growing demand for voice-activated devices.
By Protocol & Standard: In 2024, the Wired Protocols Segment to Dominate the Smart Home Market
Based on protocol & standard, the global smart home market is segmented into wireless protocols, wired protocols, and hybrid protocols. In 2024, the wired protocols segment is expected to account for the largest share of over 47% of the global smart home market. The large market share of this segment is attributed to the rising need to attain better energy efficiency and changing consumers' preference for stable and reliable wired standards for home automation systems. Wired protocols are crucial in establishing reliable and secure communication within smart home systems. They involve using physical cables to transmit data and signals between devices and components. Ethernet is a well-established wired networking protocol for local area networks (LANs). It provides high-speed data transmission and is commonly used for connecting devices that require fast and reliable internet connectivity, such as smart TVs, computers, and networked security cameras.
However, the hybrid protocols segment is projected to register the highest CAGR during the period. Hybrid protocols use the capabilities of both wired and wireless protocols and combine them to achieve better outcome. The network is segmented into zones and uses diverse protocols in two different zones such that one protocol is used within the zone and the other is used among them. It offers several advantages over conventional wired, wireless, and hybrid protocols such as C-Bus. It does not interfere with existing Wi-Fi networks and can easily be incorporated with smart devices. The limit to connect smart devices is quite large and can work through power lines, hence eliminating the need for routers. It also offers the flexibility of wireless protocols and the reliability of wired protocols, increasingly drawing consumers' attention.
Geographical Analysis
In 2024, North America is Expected to Dominate the Smart home Market
In 2024, North America is expected to account for the largest share of over 36% of the global smart home market. The market growth in North America is driven by the availability of smart appliances and systems in the region, greater adoption of advanced technologies, growing sense of safety and security among consumers, growing need for energy-efficient products and systems, innovation in the field of IoT devices, and presence of major players in this region.
However, Asia-Pacific is projected to record the highest CAGR of over 16.9% during the forecast period. The region’s growth is attributed to the growing number of young and tech-savvy population, increasing disposable income, increasing government initiatives for the adoption of smart devices, and significant growth opportunities in emerging countries of Asia-Pacific.
Smart Home Market: Key Companies
The report offers a competitive analysis based on an extensive assessment of the leading players’ product portfolios, geographic presence, and key growth strategies adopted in the last three to four years. Some of the key players operating in the Smart home market are Google LLC (U.S.), Apple, Inc. (U.S.), Amazon.com, Inc. (U.S.), Siemens AG (Germany), United Technologies Corporation (U.S.), Samsung Electronics Co., Ltd. (South Korea), Honeywell International, Inc. (U.S.), Johnson Controls International plc (Ireland), Schneider Electric SE (France), LG Electronics, Inc. (South Korea), Robert Bosch GmbH (Germany), ABB Ltd. (Switzerland), ASSA ABLOY AB (Sweden), General Electric Company (U.S.), Legrand SA (France), and Sony Corporation (Japan).
Smart Home Industry Overview: Latest Developments from Key Industry Players
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In November 2023, Inter IKEA Systems B.V. (Netherlands) launched three new smart home Zigbee sensors, Vallhorn, Parasoll, and Badring, for water leakage and motion detection. These sensors will provide customers with a greater sense of control and comfort, allowing them to stay connected to home devices.
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In June 2021, ProKNX (France) launched an offline multilingual voice-controlled system for smart home. This system performs all the functions of traditional home automation assistants while prioritizing user privacy. The ProKNX plug-and-play smart speaker operates locally via Wi-Fi, allowing users to control lights, blinds, heating, Sonos speakers, and smart televisions using natural voice commands without recording or storing user data.
Smart Home Market Research Summary
|
Particulars |
Details |
|
Number of Pages |
250 |
|
Format |
|
|
Forecast Period |
2024–2031 |
|
Base Year |
2023 |
|
CAGR (Value) |
13.5% |
|
Market Size (Value) |
USD 354.9 Billion by 2031 |
|
Segments Covered |
By Product Type
By Protocol & Standard
|
|
Countries Covered |
North America (U.S., Canada), Europe (Germany, U.K., France, Italy, Spain, Rest of Europe), Asia-Pacific (Japan, China, India, South Korea, Rest of Asia-Pacific), Latin America, and the Middle East & Africa |
|
Key Companies |
Google LLC (U.S.), Apple, Inc. (U.S.), Amazon.com, Inc. (U.S.), Siemens AG (Germany), United Technologies Corporation (U.S.), Samsung Electronics Co., Ltd. (South Korea), Honeywell International, Inc. (U.S.), Johnson Controls International plc (Ireland), Schneider Electric SE (France), LG Electronics, Inc. (South Korea), Robert Bosch GmbH (Germany), ABB Ltd. (Switzerland), ASSA ABLOY AB (Sweden), General Electric Company (U.S.), Legrand SA (France), and Sony Corporation (Japan) |
Key questions answered in the smart home market report:
The smart home market study focuses on market assessment and opportunity analysis through the sales of smart home solutions across different regions and countries across different market segmentations. This study is also focused on competitive analysis for smart homes based on an extensive assessment of the leading players’ product portfolios, geographic presence, and key growth strategies.
The global smart home market is projected to reach $354.9 billion by 2031, at a CAGR of 13.5% during the forecast period.
In 2024, the smart security & monitoring systems segment is expected to account for the largest share of over 23% of the smart home market.
Based on protocol & standard, the hybrid protocols segment is projected to register the highest CAGR during the forecast period.
The growth of this market is attributed to the rising sense of home safety and security, the wider proliferation of the Internet of Things (IoT), and the need for better energy efficiency. Moreover, the significant growth opportunities in the emerging countries of Asia-Pacific and Middle East & Africa and the need for complete flexibility and customization for consumers are expected to offer growth opportunities for the players operating in this market.
The key players operating in the global smart home market are Google LLC (U.S.), Apple, Inc. (U.S.), Amazon.com, Inc. (U.S.), Siemens AG (Germany), United Technologies Corporation (U.S.), Samsung Electronics Co., Ltd. (South Korea), Honeywell International, Inc. (U.S.), Johnson Controls International plc (Ireland), Schneider Electric SE (France), LG Electronics, Inc. (South Korea), Robert Bosch GmbH (Germany), ABB Ltd. (Switzerland), ASSA ABLOY AB (Sweden), General Electric Company (U.S.), Legrand SA (France), and Sony Corporation (Japan).
Asia-Pacific is projected to register the highest CAGR of over 16.9% during the forecast period.
1. Market Definition & Scope
1.1. Market Definition
1.2. Currency & Limitations
1.2.1. Currency
1.2.2. Limitations
2. Research Methodology
2.1. Research Approach
2.2. Data Collection & Validation Process
2.2.1. Secondary Research
2.2.2. Primary Research/Interviews with Key Opinion Leaders from the Industry
3. Executive Summary
3.1. Overview
3.2. Market Analysis, By Product Type
3.3. Market Analysis, By Protocols & Standards
3.4. Market Analysis, By Geography
3.5. Competitive Analysis
4. Market Insights
4.1. Overview
4.2. Factors Affecting Market Growth
4.2.1. Drivers
4.2.1.1. Rising Sense of Home Safety and Security
4.2.1.2. Wide Proliferation of Internet-of-Things (IoT)
4.2.1.3. Need for Attaining Better Energy Efficiency
4.2.2. Restraints
4.2.2.1. Consumer Reluctance Toward Technology Adoption
4.2.2.2. High Cost of Procurement
4.2.3. Opportunities
4.2.3.1. Significant Growth Opportunities in the Emerging Regions of Asia-Pacific and Middle East & Africa
4.2.3.2. Need for Complete Flexibility & Customization for Consumers
4.2.4. Challenges
4.2.4.1. Data Privacy and Security Concerns
4.2.4.2. Compatibility Concerns with Old Infrastructure
4.3. Market Trends
4.4. Case Studies
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Buyers
4.5.2. Bargaining Power of Suppliers
4.5.3. Threat of Substitutes
4.5.4. Threat of New Entrants
4.5.5. Degree of Competition
5. Smart Home Market Assessment—by Product Type
5.1. Overview
5.2. Smart Lightning Systems
5.3. Smart Speakers
5.4. Smart HVAC Control
5.4.1. Smart Thermostats
5.4.2. Smart Vents
5.4.3. Smart Air Conditioning
5.5. Smart Security & Monitoring Systems
5.5.1. Security Cameras
5.5.2. Interface
5.5.3. Smart Locks & Access Control
5.6. Smart Entertainment Systems
5.7. Smart Home Appliances
5.7.1. Smart Washing Machines
5.7.2. Smart Water Heaters
5.7.3. Robotic Vacuum Cleaners
5.8. Smart Kitchen Appliances
5.8.1. Smart Refrigerators
5.8.2. Smart Coffee Makers
5.8.3. Smart Dishwashers
5.8.4. Smart Ovens
5.9. Smart Home Healthcare Systems
5.10. Smart Furniture
5.10.1. Smart Sofas and Recliners
5.10.2. Smart Tables & Desks
6. Smart Home Market Assessment—by Protocols & Standards
6.1. Overview
6.2. Wireless Protocols
6.2.1. ZigBee
6.2.2. Wi-Fi
6.2.3. Bluetooth
6.2.4. Z-Wave
6.2.5. Thread
6.2.6. Enocean
6.3. Wired Protocols
6.3.1. KNX
6.3.2. UPB
6.3.3. X10
6.3.4. BACNET
6.3.5. LONWORKS
6.3.6. DALI
6.3.7. MODBUS
6.3.8. ETHERNET
6.4. Hybrid Protocols
6.4.1. Insteon
6.4.2. C-Bus
7. Smart Home Market—by Geography
7.1. Overview
7.2. North America
7.2.1. U.S.
7.2.2. Canada
7.3. Europe
7.3.1. Germany
7.3.2. U.K.
7.3.3. France
7.3.4. Italy
7.3.5. Spain
7.3.6. Rest of Europe
7.4. Asia-Pacific
7.4.1. Japan
7.4.2. China
7.4.3. India
7.4.4. South Korea
7.4.5. Rest of Asia-Pacific
7.5. Latin America
7.6. Middle East & Africa
8. Competition Analysis
8.1. Overview
8.2. Key Growth Strategies
8.3. Competitive Benchmarking
8.4. Competitive Dashboard
8.4.1. Industry Leaders
8.4.2. Market Differentiators
8.4.3. Vanguards
8.4.4. Emerging Companies
8.5. Market Share Analysis
9. Company Profiles
9.1. Google LLC
9.2. Apple, Inc.
9.3. Amazon.com, Inc.
9.4. Siemens AG
9.5. Samsung Electronics Co., Ltd.
9.6. Honeywell International, Inc.
9.7. Johnson Controls International plc
9.8. Schneider Electric SE
9.9. LG Electronics, Inc.
9.10. Robert Bosch GmbH
9.11. ABB Ltd.
9.12. ASSA ABLOY AB
9.13. General Electric Company
9.14. Legrand SA
9.15. United Technologies Corporation
9.16. Sony Corporation
(Note: SWOT Analysis of the Top 5 Companies Will Be Provided)
10. Appendix
10.1. Available Customization
10.2. Related Reports
List of Tables
Table 1 Global Smart Home Market, by Product Type, 2022–2031 (USD Million)
Table 2 Global Smart Lighting Systems Market, by Country/Region, 2022–2031 (USD Million)
Table 3 Global Smart Speakers Market, by Country/Region, 2022–2031 (USD Million)
Table 4 Global Smart HVAC Control Market, by Type, 2022–2031 (USD Million)
Table 5 Global Smart HVAC Control Market, by Country/Region, 2022–2031 (USD Million)
Table 6 Global Smart Thermostats Market, by Country/Region, 2022–2031 (USD Million)
Table 7 Global Smart Vents Market, by Country/Region, 2022–2031 (USD Million)
Table 8 Global Smart Air Conditioning Market, by Country/Region, 2022–2031 (USD Million)
Table 9 Global Smart Security & Monitoring Systems Market, by Type, 2022–2031 (USD Million)
Table 10 Global Smart Security & Monitoring Systems Market, by Country/Region, 2022–2031 (USD Million)
Table 11 Global Security Cameras Market, by Country/Region, 2022–2031 (USD Million)
Table 12 Global Interface Market, by Country/Region, 2022–2031 (USD Million)
Table 13 Global Smart Locks & Access Control Market, by Country/Region, 2022–2031 (USD Million)
Table 14 Global Smart Entertainment Systems Market, by Country/Region, 2022–2031 (USD Million)
Table 15 Global Smart Home Appliances Market, by Type, 2022–2031 (USD Million)
Table 16 Global Smart Home Appliances Market, by Country/Region, 2022–2031 (USD Million)
Table 17 Global Smart Washing Machines Market, by Country/Region, 2022–2031 (USD Million)
Table 18 Global Smart Water Heaters Market, by Country/Region, 2022–2031 (USD Million)
Table 19 Global Robotic Vacuum Cleaners Market, by Country/Region, 2022–2031 (USD Million)
Table 20 Global Smart Kitchen Appliances Market, by Type, 2022–2031 (USD Million)
Table 21 Global Smart Kitchen Appliances Market, by Country/Region, 2022–2031 (USD Million)
Table 22 Global Smart Refrigerators Market, by Country/Region, 2022–2031 (USD Million)
Table 23 Global Smart Coffee Makers Market, by Country/Region, 2022–2031 (USD Million)
Table 24 Global Smart Dishwashers Market, by Country/Region, 2022–2031 (USD Million)
Table 25 Global Smart Ovens Market, by Country/Region, 2022–2031 (USD Million)
Table 26 Global Smart Home Healthcare Systems Market, by Country/Region, 2022–2031 (USD Million)
Table 27 Global Smart Furniture Market, by Type, 2022–2031 (USD Million)
Table 28 Global Smart Furniture Market, by Country/Region, 2022–2031 (USD Million)
Table 29 Global Smart Sofas and Recliners Market, by Country/Region, 2022–2031 (USD Million)
Table 30 Global Smart Tables & Desks Market, by Country/Region, 2022–2031 (USD Million)
Table 31 Global Smart Home Market, by Protocol & Standard, 2022–2031 (USD Million)
Table 32 Global Wireless Protocol-enabled Smart Home Market, by Type, 2022–2031(USD Million)
Table 33 Global Wireless Protocol-enabled Smart Home Market, by Country/Region, 2022–2031 (USD Million)
Table 34 Global ZigBee Enabled Smart Home Market, by Country/Region, 2022–2031(USD Million)
Table 35 Global Wi-Fi Enabled Smart Home Market, by Country/Region, 2022–2031(USD Million)
Table 36 Global Bluetooth Enabled Smart Home Market, by Country/Region, 2022–2031(USD Million)
Table 37 Global Z-wave Enabled Smart Home Market, by Country/Region, 2022–2031(USD Million)
Table 38 Global Thread Enabled Smart Home Market, by Country/Region, 2022–2031(USD Million)
Table 39 Global Enocean-enabled Smart Home Market, by Country/Region, 2022–2031(USD Million)
Table 40 Global Wired Protocol-enabled Smart Home Market, by Type, 2022–2031(USD Million)
Table 41 Global Wired Protocol-enabled Smart Home Market, by Country/Region, 2022–2031(USD Million)
Table 42 Global KNX-enabled Smart Home Market, by Country/Region, 2022–2031(USD Million)
Table 43 Global UPB-enabled Smart Home Market, by Country/Region, 2022–2031(USD Million)
Table 44 Global X10-enabled Smart Home Market, by Country/Region, 2022–2031(USD Million)
Table 45 Global BACNET-enabled Smart Home Market, by Country/Region, 2022–2031(USD Million)
Table 46 Global LONWORKS-enabled Smart Home Market, by Country/Region, 2022–2031(USD Million)
Table 47 Global DALI-enabled Smart Home Market, by Country/Region, 2022–2031(USD Million)
Table 48 Global MODBUS-enabled Smart Home Market, by Country/Region, 2022–2031(USD Million)
Table 49 Global ETHERNET-enabled Smart Home Market, by Country/Region, 2022–2031(USD Million)
Table 50 Global Hybrid Protocol-enabled Smart Home Market, by Type, 2022–2031(USD Million)
Table 51 Global Hybrid Protocol-enabled Smart Home Market, by Country/Region, 2022–2031(USD Million)
Table 52 Global Insteon-enabled Smart Home Market, by Country/Region, 2022–2031(USD Million)
Table 53 Global C-BUS-enabled Smart Home Market, by Country/Region, 2022–2031(USD Million)
Table 54 Global: Smart Home Market, by Country/Region, 2022–2031 (USD Million)
Table 55 North America: Smart Home Market, by Country, 2022–2031 (USD Million)
Table 56 North America: Smart Home Market, by Product Type, 2022–2031 (USD Million)
Table 57 North America: Smart HVAC Control Market, by Type, 2022–2031 (USD Million)
Table 58 North America: Smart Security & Monitoring Systems Market, by Type, 2022–2031 (USD Million)
Table 59 North America: Smart Home Appliances Market, by Type, 2022–2031 (USD Million)
Table 60 North America: Smart Kitchen Appliances Market, by Type, 2022–2031 (USD Million)
Table 61 North America: Smart Furniture Market, by Type, 2022–2031 (USD Million)
Table 62 North America: Smart Home Market, by Protocol & Standard, 2022–2031 (USD Million)
Table 63 North America: Wireless Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
Table 64 North America: Wired Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
Table 65 North America: Hybrid Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
Table 66 U.S.: Smart Home Market, by Product Type, 2022–2031 (USD Million)
Table 67 U.S.: Smart HVAC Control Market, by Type, 2022–2031 (USD Million)
Table 68 U.S.: Smart Security & Monitoring Systems Market, by Type, 2022–2031 (USD Million)
Table 69 U.S.: Smart Home Appliances Market, by Type, 2022–2031 (USD Million)
Table 70 U.S.: Smart Kitchen Appliances Market, by Type, 2022–2031 (USD Million)
Table 71 U.S.: Smart Furniture Market, by Type, 2022–2031 (USD Million)
Table 72 U.S.: Smart Home Market, by Protocol & Standard, 2022–2031 (USD Million)
Table 73 U.S.: Wireless Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
Table 74 U.S.: Wired Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
Table 75 U.S.: Hybrid Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
Table 76 Canada: Smart Home Market, by Product Type, 2022–2031 (USD Million)
Table 77 Canada: Smart HVAC Control Market, by Type, 2022–2031 (USD Million)
Table 78 Canada: Smart Security & Monitoring Systems Market, by Type, 2022–2031 (USD Million)
Table 79 Canada: Smart Home Appliances Market, by Type, 2022–2031 (USD Million)
Table 80 Canada: Smart Kitchen Appliances Market, by Type, 2022–2031 (USD Million)
Table 81 Canada: Smart Furniture Market, by Type, 2022–2031 (USD Million)
Table 82 Canada: Smart Home Market, by Protocol & Standard, 2022–2031 (USD Million)
Table 83 Canada: Wireless Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
Table 84 Canada: Wired Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
Table 85 Canada: Hybrid Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
Table 86 Europe: Smart Home Market, by Country/Region, 2022–2031 (USD Million)
Table 87 Europe: Smart Home Market, by Product Type, 2022–2031 (USD Million)
Table 88 Europe: Smart HVAC Control Market, by Type, 2022–2031 (USD Million)
Table 89 Europe: Smart Security & Monitoring Systems Market, by Type, 2022–2031 (USD Million)
Table 90 Europe: Smart Home Appliances Market, by Type, 2022–2031 (USD Million)
Table 91 Europe: Smart Kitchen Appliances Market, by Type, 2022–2031 (USD Million)
Table 92 Europe: Smart Furniture Market, by Type, 2022–2031 (USD Million)
Table 93 Europe: Smart Home Market, by Protocol & Standard, 2022–2031 (USD Million)
Table 94 Europe: Wireless Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
Table 95 Europe: Wired Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
Table 96 Europe: Hybrid Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
Table 97 Germany: Smart Home Market, by Product Type, 2022–2031 (USD Million)
Table 98 Germany: Smart HVAC Control Market, by Type, 2022–2031 (USD Million)
Table 99 Germany: Smart Security & Monitoring Systems Market, by Type, 2022–2031 (USD Million)
Table 100 Germany: Smart Home Appliances Market, by Type, 2022–2031 (USD Million)
Table 101 Germany: Smart Kitchen Appliances Market, by Type, 2022–2031 (USD Million)
Table 102 Germany: Smart Furniture Market, by Type, 2022–2031 (USD Million)
Table 103 Germany: Smart Home Market, by Protocol & Standard, 2022–2031 (USD Million)
Table 104 Germany: Wireless Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
Table 105 Germany: Wired Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
Table 106 Germany: Hybrid Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
Table 107 U.K.: Smart Home Market, by Product Type, 2022–2031 (USD Million)
Table 108 U.K.: Smart HVAC Control Market, by Type, 2022–2031 (USD Million)
Table 109 U.K.: Smart Security & Monitoring Systems Market, by Type, 2022–2031 (USD Million)
Table 110 U.K.: Smart Home Appliances Market, by Type, 2022–2031 (USD Million)
Table 111 U.K.: Smart Kitchen Appliances Market, by Type, 2022–2031 (USD Million)
Table 112 U.K.: Smart Furniture Market, by Type, 2022–2031 (USD Million)
Table 113 U.K.: Smart Home Market, by Protocol & Standard, 2022–2031 (USD Million)
Table 114 U.K.: Wireless Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
Table 115 U.K.: Wired Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
Table 116 U.K.: Hybrid Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
Table 117 France: Smart Home Market, by Product Type, 2022–2031 (USD Million)
Table 118 France: Smart HVAC Control Market, by Type, 2022–2031 (USD Million)
Table 119 France: Smart Security & Monitoring Systems Market, by Type, 2022–2031 (USD Million)
Table 120 France: Smart Home Appliances Market, by Type, 2022–2031 (USD Million)
Table 121 France: Smart Kitchen Appliances Market, by Type, 2022–2031 (USD Million)
Table 122 France: Smart Furniture Market, by Type, 2022–2031 (USD Million)
Table 123 France: Smart Home Market, by Protocol & Standard, 2022–2031 (USD Million)
Table 124 France: Wireless Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
Table 125 France: Wired Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
Table 126 France: Hybrid Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
Table 127 Italy: Smart Home Market, by Product Type, 2022–2031 (USD Million)
Table 128 Italy: Smart HVAC Control Market, by Type, 2022–2031 (USD Million)
Table 129 Italy: Smart Security & Monitoring Systems Market, by Type, 2022–2031 (USD Million)
Table 130 Italy: Smart Home Appliances Market, by Type, 2022–2031 (USD Million)
Table 131 Italy: Smart Kitchen Appliances Market, by Type, 2022–2031 (USD Million)
Table 132 Italy: Smart Furniture Market, by Type, 2022–2031 (USD Million)
Table 133 Italy: Smart Home Market, by Protocol & Standard, 2022–2031 (USD Million)
Table 134 Italy: Wireless Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
Table 135 Italy: Wired Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
Table 136 Italy: Hybrid Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
Table 137 Spain: Smart Home Market, by Product Type, 2022–2031 (USD Million)
Table 138 Spain: Smart HVAC Control Market, by Type, 2022–2031 (USD Million)
Table 139 Spain: Smart Security & Monitoring Systems Market, by Type, 2022–2031 (USD Million)
Table 140 Spain: Smart Home Appliances Market, by Type, 2022–2031 (USD Million)
Table 141 Spain: Smart Kitchen Appliances Market, by Type, 2022–2031 (USD Million)
Table 142 Spain: Smart Furniture Market, by Type, 2022–2031 (USD Million)
Table 143 Spain: Smart Home Market, by Protocol & Standard, 2022–2031 (USD Million)
Table 144 Spain: Wireless Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
Table 145 Spain: Wired Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
Table 146 Spain: Hybrid Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
Table 147 Rest of Europe: Smart Home Market, by Product Type, 2022–2031 (USD Million)
Table 148 Rest of Europe: Smart HVAC Control Market, by Type, 2022–2031 (USD Million)
Table 149 Rest of Europe: Smart Security & Monitoring Systems Market, by Type, 2022–2031 (USD Million)
Table 150 Rest of Europe: Smart Home Appliances Market, by Type, 2022–2031 (USD Million)
Table 151 Rest of Europe: Smart Kitchen Appliances Market, by Type, 2022–2031 (USD Million)
Table 152 Rest of Europe: Smart Furniture Market, by Type, 2022–2031 (USD Million)
Table 153 Rest of Europe: Smart Home Market, by Protocol & Standard, 2022–2031 (USD Million)
Table 154 Rest of Europe: Wireless Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
Table 155 Rest of Europe: Wired Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
Table 156 Rest of Europe: Hybrid Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
Table 157 Asia-Pacific: Smart Home Market, by Country/Region, 2022–2031 (USD Million)
Table 158 Asia-Pacific: Smart Home Market, by Product Type, 2022–2031 (USD Million)
Table 159 Asia-Pacific: Smart HVAC Control Market, by Type, 2022–2031 (USD Million)
Table 160 Asia-Pacific: Smart Security & Monitoring Systems Market, by Type, 2022–2031 (USD Million)
Table 161 Asia-Pacific: Smart Home Appliances Market, by Type, 2022–2031 (USD Million)
Table 162 Asia-Pacific: Smart Kitchen Appliances Market, by Type, 2022–2031 (USD Million)
Table 163 Asia-Pacific: Smart Furniture Market, by Type, 2022–2031 (USD Million)
Table 164 Asia-Pacific: Smart Home Market, by Protocol & Standard, 2022–2031 (USD Million)
Table 165 Asia-Pacific: Wireless Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
Table 166 Asia-Pacific: Wired Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
Table 167 Asia-Pacific: Hybrid Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
Table 168 Japan: Smart Home Market, by Product Type, 2022–2031 (USD Million)
Table 169 Japan: Smart HVAC Control Market, by Type, 2022–2031 (USD Million)
Table 170 Japan: Smart Security & Monitoring Systems Market, by Type, 2022–2031 (USD Million)
Table 171 Japan: Smart Home Appliances Market, by Type, 2022–2031 (USD Million)
Table 172 Japan: Smart Kitchen Appliances Market, by Type, 2022–2031 (USD Million)
Table 173 Japan: Smart Furniture Market, by Type, 2022–2031 (USD Million)
Table 174 Japan: Smart Home Market, by Protocol & Standard, 2022–2031 (USD Million)
Table 175 Japan: Wireless Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
Table 176 Japan: Wired Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
Table 177 Japan: Hybrid Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
Table 178 China: Smart Home Market, by Product Type, 2022–2031 (USD Million)
Table 179 China: Smart HVAC Control Market, by Type, 2022–2031 (USD Million)
Table 180 China: Smart Security & Monitoring Systems Market, by Type, 2022–2031 (USD Million)
Table 181 China: Smart Home Appliances Market, by Type, 2022–2031 (USD Million)
Table 182 China: Smart Kitchen Appliances Market, by Type, 2022–2031 (USD Million)
Table 183 China: Smart Furniture Market, by Type, 2022–2031 (USD Million)
Table 184 China: Smart Home Market, by Protocol & Standard, 2022–2031 (USD Million)
Table 185 China: Wireless Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
Table 186 China: Wired Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
Table 187 China: Hybrid Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
Table 188 India: Smart Home Market, by Product Type, 2022–2031 (USD Million)
Table 189 India: Smart HVAC Control Market, by Type, 2022–2031 (USD Million)
Table 190 India: Smart Security & Monitoring Systems Market, by Type, 2022–2031 (USD Million)
Table 191 India: Smart Home Appliances Market, by Type, 2022–2031 (USD Million)
Table 192 India: Smart Kitchen Appliances Market, by Type, 2022–2031 (USD Million)
Table 193 India: Smart Furniture Market, by Type, 2022–2031 (USD Million)
Table 194 India: Smart Home Market, by Protocol & Standard, 2022–2031 (USD Million)
Table 195 India: Wireless Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
Table 196 India: Wired Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
Table 197 India: Hybrid Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
Table 198 South Korea: Smart Home Market, by Product Type, 2022–2031 (USD Million)
Table 199 South Korea: Smart HVAC Control Market, by Type, 2022–2031 (USD Million)
Table 200 South Korea: Smart Security & Monitoring Systems Market, by Type, 2022–2031 (USD Million)
Table 201 South Korea: Smart Home Appliances Market, by Type, 2022–2031 (USD Million)
Table 202 South Korea: Smart Kitchen Appliances Market, by Type, 2022–2031 (USD Million)
Table 203 South Korea: Smart Furniture Market, by Type, 2022–2031 (USD Million)
Table 204 South Korea: Smart Home Market, by Protocol & Standard, 2022–2031 (USD Million)
Table 205 South Korea: Wireless Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
Table 206 South Korea: Wired Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
Table 207 South Korea: Hybrid Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
Table 208 Rest of Asia-Pacific: Smart Home Market, by Product Type, 2022–2031 (USD Million)
Table 209 Rest of Asia-Pacific: Smart HVAC Control Market, by Type, 2022–2031 (USD Million)
Table 210 Rest of Asia-Pacific: Smart Security & Monitoring Systems Market, by Type, 2022–2031 (USD Million)
Table 211 Rest of Asia-Pacific: Smart Home Appliances Market, by Type, 2022–2031 (USD Million)
Table 212 Rest of Asia-Pacific: Smart Kitchen Appliances Market, by Type, 2022–2031 (USD Million)
Table 213 Rest of Asia-Pacific: Smart Furniture Market, by Type, 2022–2031 (USD Million)
Table 214 Rest of Asia-Pacific: Smart Home Market, by Protocol & Standard, 2022–2031 (USD Million)
Table 215 Rest of Asia-Pacific: Wireless Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
Table 216 Rest of Asia-Pacific: Wired Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
Table 217 Rest of Asia-Pacific: Hybrid Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
Table 218 Latin America: Smart Home Market, by Product Type, 2022–2031 (USD Million)
Table 219 Latin America: Smart HVAC Control Market, by Type, 2022–2031 (USD Million)
Table 220 Latin America: Smart Security & Monitoring Systems Market, by Type, 2022–2031 (USD Million)
Table 221 Latin America: Smart Home Appliances Market, by Type, 2022–2031 (USD Million)
Table 222 Latin America: Smart Kitchen Appliances Market, by Type, 2022–2031 (USD Million)
Table 223 Latin America: Smart Furniture Market, by Type, 2022–2031 (USD Million)
Table 224 Latin America: Smart Home Market, by Protocol & Standard, 2022–2031 (USD Million)
Table 225 Latin America: Wireless Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
Table 226 Latin America: Wired Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
Table 227 Latin America: Hybrid Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
Table 228 Middle East & Africa: Smart Home Market, by Product Type, 2022–2031 (USD Million)
Table 229 Middle East & Africa: Smart HVAC Control Market, by Type, 2022–2031 (USD Million)
Table 230 Middle East & Africa: Smart Security & Monitoring Systems Market, by Type, 2022–2031 (USD Million)
Table 231 Middle East & Africa: Smart Home Appliances Market, by Type, 2022–2031 (USD Million)
Table 232 Middle East & Africa: Smart Kitchen Appliances Market, by Type, 2022–2031 (USD Million)
Table 233 Middle East & Africa: Smart Furniture Market, by Type, 2022–2031 (USD Million)
Table 234 Middle East & Africa: Smart Home Market, by Protocol & Standard, 2022–2031 (USD Million)
Table 235 Middle East & Africa: Wireless Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
Table 236 Middle East & Africa: Wired Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
Table 237 Middle East & Africa: Hybrid Protocol-enabled Smart Home Market, by Type, 2022–2031 (USD Million)
Table 238 Recent Developments, by Company, 2021–2024
List of Figures
Figure 1 Market Ecosystem
Figure 2 Key Stakeholders
Figure 3 Research Process
Figure 4 Key Secondary Sources
Figure 5 Primary Research Techniques.
Figure 6 Key Executives Interviewed
Figure 7 Breakdown of Primary Interviews (Supply-side & Demand-side)
Figure 8 Market Sizing and Growth Forecast Approach
Figure 9 Key Insights
Figure 10 Global Smart Home Market, by Product Type, 2024 Vs. 2031 (USD Million)
Figure 11 Global Smart Home Market, by Protocol & Standard, 2024 Vs. 2031 (USD Million)
Figure 12 Global Smart Home Market, by Region, 2024 Vs. 2031 (USD Million)
Figure 13 Impact Analysis: Global Smart Home Market
Figure 14 Global Smart Home Market, by Product Type, 2024 Vs. 2031 (USD Million)
Figure 15 Global Smart Home Market, by Protocol & Standard, 2024 Vs. 2031 (USD Million)
Figure 16 Global Smart Home Market, by Region, 2024 Vs. 2031 (USD Million)
Figure 17 North America: Smart Home Market Snapshot
Figure 18 Europe: Smart Home Market Snapshot
Figure 19 Asia-Pacific: Smart Home Market Snapshot
Figure 20 Growth Strategies Adopted by Leading Market Players (2021–2024)
Figure 21 Vendor Market Positioning Analysis (2022–2024)
Figure 22 Competitive Dashboard: Global Smart Home Market
Figure 23 Google LLC: Financial Overview (2022)
Figure 24 Apple, Inc.: Financial Overview (2022)
Figure 25 Amazon.com, Inc.: Financial Overview (2022)
Figure 26 Siemens AG: Financial Overview (2022)
Figure 27 Samsung Electronics Co., Ltd.: Financial Overview (2022)
Figure 28 Honeywell International, Inc.: Financial Overview (2022)
Figure 29 Johnson Controls International plc: Financial Overview (2022)
Figure 30 Schneider Electric SE: Financial Overview (2022)
Figure 31 LG Electronics, Inc.: Financial Overview (2022)
Figure 32 Robert Bosch GmbH: Financial Overview (2022)
Figure 33 ABB Ltd.: Financial Overview (2022)
Figure 34 ASSA ABLOY AB: Financial Overview (2022)
Figure 35 General Electric Company: Financial Overview (2022)
Figure 36 Legrand SA: Financial Overview (2022)
Figure 37 United Technologies Corporation: Financial Overview (2022)
Figure 38 Sony Corporation: Financial Overview (2022)
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