Middle East & Africa Smart Home Automation Market Size & Outlook
Middle East & Africa smart home automation market, 2018-2030 (US$M)
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MEA smart home automation market highlights
- The MEA smart home automation market generated a revenue of USD 1,910.2 million in 2022.
- The market is expected to grow at a CAGR of 27.8% from 2023 to 2030.
- In terms of segment, security & access controls was the largest revenue generating product in 2022.
- Home Healthcare is the most lucrative product segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2022 | USD 1,910.2 million |
| Market revenue in 2030 | USD 13,569.1 million |
| Growth rate | 27.8% (CAGR from 2022 to 2030) |
| Largest segment | Security & access controls |
| Fastest growing segment | Home Healthcare |
| 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, MEA region accounted for 2.4% 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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Middle East & Africa 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 36.6% in 2022. Horizon Databook has segmented the Middle East & Africa 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.
Middle East & Africa is anticipated to grow at a significant CAGR during the forecast period from 2023 to 2030 owing to the growing initiatives and investments by local players in the region. Also, the growing construction of luxurious buildings and villas integrated with automation for smart security & surveillance systems and HVAC controllers is expected to aid the market growth.
Additionally, the region has favorable foreign investment policies which are expected to attract key players to the region and explore the potential of the regional market.
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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 Middle East & Africa smart home automation market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa smart home automation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa smart home automation market
Middle East & Africa Smart Home Automation Market Outlook Share, 2022 & 2030 (US$M)
Middle East & Africa smart home automation market
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