U.S. Smart Home Automation Market Size & Outlook
U.S. smart home automation market, 2018-2030 (US$M)
Related Markets
U.S. smart home automation market highlights
- The U.S. smart home automation market generated a revenue of USD 24,225.9 million in 2022 and is expected to reach USD 119,183.6 million by 2030.
- The U.S. market is expected to grow at a CAGR of 22% 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 24,225.9 million |
| Market revenue in 2030 | USD 119,183.6 million |
| Growth rate | 22% (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, U.S. accounted for 30.2% 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 North America, U.S. smart home automation market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 26,435.6 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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U.S. 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 30.72% in 2022. Horizon Databook has segmented the U.S. 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.
U.S. recorded the highest market share in 2022. The increasing adoption of technologically advanced solutions across the regional residential sector coupled with the strong presence of several major technology players is positively influencing the market outlook. The growing trend of automating daily tasks has instigated the adoption of automation in the country, thereby driving the growth of regional market.
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Target buyers of U.S. 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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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 U.S. smart home automation market , including forecasts for subscribers. This country databook contains high-level insights into U.S. smart home automation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. smart home automation market size, by product, 2018-2030 (US$M)
U.S. Smart Home Automation Market Outlook Share, 2022 & 2030 (US$M)
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