Mexico Smart Home Automation Market Size & Outlook
Related Markets
Mexico smart home automation market highlights
- The Mexico smart home automation market generated a revenue of USD 2,462.0 million in 2022 and is expected to reach USD 20,619.9 million by 2030.
- The Mexico market is expected to grow at a CAGR of 30.4% 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.
Smart home automation market data book summary
| Market revenue in 2022 | USD 2,462.0 million |
| Market revenue in 2030 | USD 20,619.9 million |
| Growth rate | 30.4% (CAGR from 2022 to 2030) |
| Largest segment | Security & access controls |
| Fastest growing segment | Smart Kitchen Appliances |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Mexico accounted for 3.1% of the global smart home automation market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Mexico smart home automation market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 20,619.9 million by 2030.
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Smart Home Automation Market Scope
Smart Home Automation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Snap One Holdings Corp | View profile | 1610 | 1800 Continental Boulevard, Suite 200, Charlotte, NC, United States, 28273 | https://www.snapone.com |
| Crestron Electronics | View profile | 1001-5000 | Rockleigh, New Jersey, United States, North America | http://www.crestron.com |
| Lutron Electronics | View profile | 1001-5000 | Coopersburg, Pennsylvania, United States, North America | http://www.lutron.com/ |
| Legrand SA | View profile | 33910 | 128, Avenue de Lattre de Tassigny, Cedex, Limoges, France, 87045 | https://www.legrand.com |
| Ingersoll Rand Inc | View profile | 18000 | 525 Harbour Place Drive, Suite 600, Davidson, NC, United States, 28036 | https://www.irco.com |
| Leviton Manufacturing | View profile | 10001+ | Melville, New York, United States, North America | https://www.leviton.com |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
| ABB Ltd | View profile | 108700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | https://www.abb.com |
| Schneider Electric SE | View profile | 162339 | 35, rue Joseph Monier - CS 30323, Rueil Malmaison, France, F-92506 | https://www.se.com |
| Johnson Controls International PLC | View profile | 102000 | One Albert Quay, Cork, Ireland, T12 X8N6 | https://www.johnsoncontrols.com |
Mexico 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 31.04% in 2022. Horizon Databook has segmented the Mexico 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.
Mexico is expected to grow with a significant over the forecast period from 2023 to 2030. The increasing adoption of services for home automation due to the complexity of installation, connectivity, and automation processes is anticipated to fuel the market growth. Additionally, the large number of existing home owners is expected to push the trend of wireless technology automation in the region.
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Target buyers of Mexico smart home automation market databook
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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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Mexico smart home automation market , including forecasts for subscribers. This country databook contains high-level insights into Mexico smart home automation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico smart home automation market size, by product, 2018-2030 (US$M)
Mexico Smart Home Automation Market Outlook Share, 2022 & 2030 (US$M)
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