Global Smart Home Market Size & Outlook, 2023-2030
Global smart home market, 2018-2030 (US$M)
Related Markets
Global smart home market highlights
- The global smart home market generated a revenue of USD 100,415.5 million in 2023 and is expected to reach USD 537,008.4 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 27.1% by 2030.
- In terms of segment, security & access controls accounted for a revenue of USD 29,485.0 million in 2023.
- Home Healthcare is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 100,415.5 million |
| Market revenue in 2030 | USD 537,008.4 million |
| Growth rate | 27.1% (CAGR from 2023 to 2030) |
| Largest segment | Security & access controls |
| Fastest growing segment | Home Healthcare |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 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, Other Devices |
Other key industry trends
- In terms of revenue, the North America accounted for 35.6% of the global smart home market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 119,183.7 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Smart Home Market Scope
Smart Home Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global smart home 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 market will help companies and investors design strategic landscapes.
Security & access controls was the largest segment with a revenue share of 29.36% in 2023. Horizon Databook has segmented the Global smart home market based on security & access controls, lighting control, entertainment devices, hvac, smart kitchen appliances, home appliances, smart furniture, home healthcare, other devices covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Smart Home Product Outlook (Revenue, USD Million, 2018-2030)
- Security & Access Controls
- Security Cameras
- Video Door Phones
- Smart Locks
- Remote Monitoring Software & Services
- Others
- Lighting Control
- Smart Lights
- Relays & Switches
- Occupancy Sensors
- Dimmers
- Other Products
- Entertainment Devices
- Smart Displays/TV
- Streaming Devices
- Sound bars and Speakers
- HVAC
- Smart Thermostats
- Sensors
- Smart Vents
- Others
- Smart Kitchen Appliances
- Refrigerators
- Dish Washers
- Cooktops
- Microwave/ovens
- Home Appliances
- Smart Washing Machines
- Smart Water Heaters
- Smart Vacuum Cleaners
- Smart Furniture
- Home Healthcare
- Other Devices
- Security & Access Controls
- Global Smart Home Protocols Outlook (Revenue, USD Million, 2018-2030)
- Wireless Protocols
- Zigbee
- Wi-Fi
- Bluetooth
- Z Wave
- Others
- Wired Protocols
- Hybrid
- Wireless Protocols
- Global Smart Home Application Outlook (Revenue, USD Million, 2018-2030)
- New Construction
- Retrofit
Reasons to subscribe to Global smart home market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Global smart home market databook
-
Our clientele includes a mix of smart home market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 global-level data and insights on the Global smart home market , including forecasts for subscribers. This global databook contains high-level insights into Global smart home market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global smart home market size, by regions, 2018-2030 (US$M)
Top 10 countries: Smart home market size, 2023 (US$M)
Global smart home market share, by product, 2023 & 2030 (%, US$M)
Smart home market: Opportunity assessment by country
Global smart home market, by region, 2023 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 13,377.2 | 16,362.4 | 19,745.5 | 23,957.9 | 29,209.3 | 35,768.8 | 43,910.9 | 53,939.1 | 66,215.9 | 81,093.0 | 98,950.0 | 120,310.5 | 145,619.5 | 22.2% |
| Europe | 8,056.4 | 10,157.6 | 12,620.7 | 15,740.9 | 19,706.5 | 24,734.1 | 31,082.3 | 39,036.8 | 48,918.8 | 61,140.3 | 76,170.1 | 94,482.8 | 116,771.9 | 24.8% |
| Asia Pacific | 7,764.3 | 10,317.3 | 13,536.4 | 17,840.8 | 23,596.8 | 31,295.8 | 41,563.2 | 55,196.7 | 73,207.0 | 96,897.9 | 127,912.9 | 168,393.2 | 220,923.9 | 32.2% |
| Latin America | 1,702.1 | 2,217.9 | 2,844.5 | 3,666.7 | 4,746.0 | 6,160.7 | 8,022.6 | 10,480.2 | 13,708.1 | 17,935.0 | 23,468.7 | 30,697.1 | 40,123.9 | 30.7% |
| MEA | 722.1 | 924.4 | 1,169.0 | 1,490.7 | 1,910.2 | 2,456.1 | 3,156.2 | 4,050.4 | 5,188.6 | 6,631.1 | 8,444.2 | 10,719.9 | 13,569.2 | 27.7% |
| Overall | 31,622.1 | 39,979.6 | 49,916.1 | 62,697.0 | 79,168.8 | 100,415.5 | 127,735.2 | 162,703.2 | 207,238.4 | 263,697.3 | 334,945.9 | 424,603.5 | 537,008.4 | 27.1% |
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
