Europe Smart Home Market Size & Outlook, 2025-2030
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Europe smart home market highlights
- The Europe smart home market generated a revenue of USD 24,700.0 million in 2024.
- The market is expected to grow at a CAGR of 26% from 2025 to 2030.
- In terms of segment, security & access controls was the largest revenue generating product in 2024.
- Home Healthcare is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Russia is expected to register the highest CAGR from 2025 to 2030.
Europe data book summary
| Market revenue in 2024 | USD 24,700.0 million |
| Market revenue in 2030 | USD 99,396.8 million |
| Growth rate | 26% (CAGR from 2025 to 2030) |
| Largest segment | Security & access controls |
| Fastest growing segment | Home Healthcare |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Security & Access Controls, Entertainment Devices, HVAC, Home Appliances, Home Healthcare, Smart Furniture, Other Devices, Lighting Control, Smart Kitchen Appliances |
| Key market players worldwide | LG Electronics Inc ADR, Siemens AG, Amazon.com Inc, Alphabet Inc Class A, Samsung Electronics Co Ltd, Schneider Electric SE, Legrand SA, Bosch, Assa Abloy AB Class B, Sony Group Corp, ABB Ltd, Koninklijke Philips NV, Honeywell International Inc |
Other key industry trends
- In terms of revenue, Europe region accounted for 19.3% of the global smart home market in 2024.
- 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 231,037.6 million by 2030.
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Smart Home Market Scope
Smart Home Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Legrand SA | View profile | 33910 | 128, Avenue de Lattre de Tassigny, Cedex, Limoges, France, 87045 | https://www.legrand.com |
| Assa Abloy AB Class B | View profile | 61282 | Klarabergsviadukten 90, P.O. Box 70340, Stockholm, Sweden, SE-107 23 | https://www.assaabloy.com |
| Bosch | View profile | 10001+ | Stuttgart, Baden-Wurttemberg, Germany, Europe | http://www.bosch.com |
| LG Electronics Inc ADR | View profile | 35111 | Twin Tower 128, Yeoui-daero, Yeongdeungpo-gu, Seoul, Korea, Republic of, 07336 | https://www.lge.co.kr |
| Samsung Electronics Co Ltd | View profile | 124804 | 129, Samsung-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, Korea, Republic of, 443-742 | https://www.samsung.com |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
| ABB Ltd | View profile | 108700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | https://www.abb.com |
| Alphabet Inc Class A | View profile | 180895 | 1600 Amphitheatre Parkway, Mountain View, CA, United States, 94043 | https://www.abc.xyz |
| Sony Group Corp | View profile | 113000 | 7-1, Konan 1-Chome, Minato-ku, Tokyo, Japan, 108-0075 | https://www.sony.com |
| Schneider Electric SE | View profile | 162339 | 35, rue Joseph Monier - CS 30323, Rueil Malmaison, France, F-92506 | https://www.se.com |
| Koninklijke Philips NV | View profile | 73712 | Philips Center, Amstelplein 2, Amsterdam, Netherlands, 1096 BC | https://www.philips.com |
| Amazon.com Inc | View profile | 1525000 | 410 Terry Avenue North, Seattle, WA, United States, 98109-5210 | https://www.amazon.com |
Europe 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 32.65% in 2024. Horizon Databook has segmented the Europe smart home market based on security & access controls, entertainment devices, hvac, home appliances, home healthcare, smart furniture, other devices, lighting control, smart kitchen appliances covering the revenue growth of each sub-segment from 2018 to 2030.
Europe is expected to observe a considerable rise in smart home adoption. The demand is expected to reach 116,772.1 million by 2030, with a CAGR of 24.8% over the forecast period. This growth is attributed to the presence of significant market players operating in the area, such as ABB Ltd., Legrand SA, Schneider Electric SE, Siemens AG, Robert Bosch GmbH, among others.
The upsurge in living standards, a robust Gross Domestic Product (GDP), a population inclined towards technology, and supportive government initiatives are expected to augment the growth of the smart home market across the region.
Furthermore, the increasing adoption of smart home systems in newly constructed homes, driven by their user-friendly installation and seamless device-to-device communication capabilities, is anticipated to further propel the smart home market growth in the region.
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Target buyers of Europe 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 continent-level data and insights on the Europe smart home market , including forecasts for subscribers. This continent databook contains high-level insights into Europe smart home market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe smart home market size, by country, 2018-2030 (US$M)
Europe Smart Home Market Outlook Share, 2024 & 2030 (US$M)
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