Mexico Smart Home Market Size & Outlook, 2025-2030
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Mexico smart home market highlights
- The Mexico smart home market generated a revenue of USD 2,505.0 million in 2024 and is expected to reach USD 10,944.8 million by 2030.
- The Mexico market is expected to grow at a CAGR of 27.8% from 2025 to 2030.
- In terms of segment, security & access controls was the largest revenue generating product in 2024.
- Smart Kitchen Appliances is the most lucrative product segment registering the fastest growth during the forecast period.
Smart home market data book summary
| Market revenue in 2024 | USD 2,505.0 million |
| Market revenue in 2030 | USD 10,944.8 million |
| Growth rate | 27.8% (CAGR from 2025 to 2030) |
| Largest segment | Security & access controls |
| Fastest growing segment | Smart Kitchen Appliances |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 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, Mexico accounted for 2.0% of the global smart home market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil smart home market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 10,944.8 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 |
Mexico 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 35.72% in 2024. Horizon Databook has segmented the Mexico 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.
Reasons to subscribe to Mexico smart home market databook:
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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 Mexico 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 country-level data and insights on the Mexico smart home market , including forecasts for subscribers. This country databook contains high-level insights into Mexico smart home market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Mexico smart home market size, by product, 2018-2030 (US$M)
Mexico Smart Home Market Outlook Share, 2024 & 2030 (US$M)
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