Latin America Smart Home Automation Market Size & Outlook
Latin America smart home automation market, 2018-2030 (US$M)
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Latin America smart home automation market highlights
- The Latin America smart home automation market generated a revenue of USD 4,746.2 million in 2022.
- The market is expected to grow at a CAGR of 30.6% from 2023 to 2030.
- In terms of segment, security & access controls was the largest revenue generating product in 2022.
- Smart Kitchen Appliances is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 4,746.2 million |
| Market revenue in 2030 | USD 40,123.9 million |
| Growth rate | 30.6% (CAGR from 2022 to 2030) |
| Largest segment | Security & access controls |
| Fastest growing segment | Smart Kitchen Appliances |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Security & Access Controls, Lighting Control, Entertainment Devices, HVAC, Smart Kitchen Appliances, Home Appliances, Smart Furniture, Home Healthcare, Smart Speakers, Other Devices |
| Key market players worldwide | ABB Ltd, Crestron Electronics, Honeywell International Inc, Ingersoll Rand Inc, Johnson Controls International PLC, Legrand SA, Leviton Manufacturing, Lutron Electronics, Schneider Electric SE, Siemens AG, Snap One Holdings Corp |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.9% of the global smart home automation market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 230,668.6 million by 2030.
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Smart Home Automation Market Scope
Smart Home Automation Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America smart home automation market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to smart home automation market will help companies and investors design strategic landscapes.
Security & access controls was the largest segment with a revenue share of 26.58% in 2022. Horizon Databook has segmented the Latin America smart home automation market based on security & access controls, lighting control, entertainment devices, hvac, smart kitchen appliances, home appliances, smart furniture, home healthcare, smart speakers, other devices covering the revenue growth of each sub-segment from 2018 to 2030.
The Latin America smart home automation market recorded a market share of 8.8% in 2022. The region is projected to witness significant growth due to the increasing application of automation in daily home tasks.
The trend of automation services is expected positively grow the market as home owners can outsource the task of completely automating their homes and not worry about device compatibility, connectivity, and other factors.
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Our clientele includes a mix of smart home automation market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America smart home automation market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America smart home automation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America smart home automation market size, by country, 2018-2030 (US$M)
Latin America Smart Home Automation Market Outlook Share, 2022 & 2030 (US$M)
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