North America Smart Home Automation Market Size & Outlook
North America smart home automation market, 2018-2030 (US$M)
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North America smart home automation market highlights
- The North America smart home automation market generated a revenue of USD 29,209.2 million in 2022.
- The market is expected to grow at a CAGR of 22.2% 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, Canada is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 29,209.2 million |
| Market revenue in 2030 | USD 145,619.2 million |
| Growth rate | 22.2% (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, North America region accounted for 36.4% 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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North 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 30.58% in 2022. Horizon Databook has segmented the North 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.
North America recorded the largest market of 33.1% in 2022. The region’s dominance can be attributed to the growing popularity of smart home products and automation systems due to the proliferation of smart home products in the region.
Moreover, the trend of advanced technologies such as artificial intelligence and internet of things in the region is expected to drive the market growth. For instance, in February 2022, Arvig Enterprises Inc. launched Wi-Fi 6 with the updated 802.11ax standard for better network efficiency across its entire network.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America smart home automation market , including forecasts for subscribers. This continent databook contains high-level insights into North America smart home automation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America smart home automation market size, by country, 2018-2030 (US$M)
North America Smart Home Automation Market Outlook Share, 2022 & 2030 (US$M)
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