UK Smart Home Automation Market Size & Outlook, 2022-2030
UK smart home automation market, 2018-2030 (US$M)
Related Markets
UK smart home automation market highlights
- The UK smart home automation market generated a revenue of USD 4,305.6 million in 2022 and is expected to reach USD 27,737.6 million by 2030.
- The UK market is expected to grow at a CAGR of 26.2% 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.
Smart home automation market data book summary
| Market revenue in 2022 | USD 4,305.6 million |
| Market revenue in 2030 | USD 27,737.6 million |
| Growth rate | 26.2% (CAGR from 2022 to 2030) |
| Largest segment | Security & access controls |
| Fastest growing segment | Home Healthcare |
| 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, UK accounted for 5.4% 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 Europe, Germany smart home automation market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 27,737.6 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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UK 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 24.54% in 2022. Horizon Databook has segmented the UK 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 U.K. smart home automation market recorded a significant 19.8% share in 2022. The region’s growth can be attributed to increasing inclination of retrofit homes opting for home automation for daily applications such as lighting, security & access, entertainment, among others.
For instance, as per a study by The Eco Experts, there are 2.22 million smart homes in the U.K. that have at least two smart devices. This, in turn, is expected to drive more home owners towards automation of these devices to for more convenience.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK smart home automation market , including forecasts for subscribers. This country databook contains high-level insights into UK smart home automation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK smart home automation market size, by product, 2018-2030 (US$M)
UK Smart Home Automation Market Outlook Share, 2022 & 2030 (US$M)
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