Global Smart Home Market Size & Outlook
The smart home industry worldwide is expected to reach a projected revenue of US$ 537,008.4 million by 2030. A compound annual growth rate of 27.1% is expected of the worldwide smart home industry from 2024 to 2030.
Revenue, 2023 (US$M)
$100,415.5
Forecast, 2030 (US$M)
$537,008.4
CAGR, 2024 - 2030
27.1%
Report Coverage
Worldwide
Global smart home market, 2018-2030 (US$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.
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Smart Home Market Scope
Smart home market segmentation & scope
Security Cameras
Video Door Phones
Smart Locks
Remote Monitoring Software & Services
Others
Smart Lights
Relays & Switches
Occupancy Sensors
Dimmers
Other Products
Smart Displays/TV
Streaming Devices
Sound bars and Speakers
Smart Thermostats
Sensors
Smart Vents
Others
Refrigerators
Dish Washers
Cooktops
Microwave/ovens
Smart Washing Machines
Smart Water Heaters
Smart Vacuum Cleaners
Smart Furniture
Home Healthcare
Other Devices
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
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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
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Our clientele includes a mix of smart home 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 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.
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Global smart home market statistics, by regions, 2018-2030 (US$M)
Top 10 countries: Smart home market size, 2023 (USD Million)
Top 10 countries: Smart home market size, 2023 (USD Million)
Global smart home market, by region, 2023 (US$M)
Related regional statistics
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