Middle East & Africa Smart Home Market Size & Outlook
Middle East & Africa smart home market, 2018-2030 (US$M)
Related Markets
MEA smart home market highlights
- The MEA smart home market generated a revenue of USD 2,456.1 million in 2023.
- The market is expected to grow at a CAGR of 27.7% from 2024 to 2030.
- In terms of segment, security & access controls was the largest revenue generating product in 2023.
- Home Healthcare is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Nigeria is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 2,456.1 million |
| Market revenue in 2030 | USD 13,569.2 million |
| Growth rate | 27.7% (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 |
| 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, MEA region accounted for 2.4% of the global smart home market in 2023.
- 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 220,923.9 million by 2030.
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Smart Home Market Scope
Smart Home Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 29.53% in 2023. Horizon Databook has segmented the Middle East & Africa 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.
The Middle East and Africa (MEA) region is anticipated to grow at the CAGR of 27.7% during the forecast period from 2023 to 2030. This is attributed to the growing awareness and subsequently the adoption of niche technology products across the region.
For instance, in October 2022, Samsung Electronics launched the SmartThings Home in Dubai, United Arab Emirates, marking the Middle East's inaugural Multi Device Experience venue. Visitors have the opportunity to explore 15 distinct SmartThings scenarios, each filled with functionalities precisely constructed to uplift the everyday lives of residents in the Middle East.
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Target buyers of Middle East & Africa 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 Middle East & Africa smart home market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa smart home market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA smart home market size, by country, 2018-2030 (US$M)
Middle East & Africa Smart Home Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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