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Smart Home Market Share

  • Report ID: 6059
  • Published Date: May 23, 2024
  • Report Format: PDF, PPT

Smart Home Market TOC

Part 01

  1. An Outline of the Global Smart Home Market
    1. Market Definition
    2. Market Segmentation
    3. Product Overview

Part 02

  1. Assumptions and Abbreviations

Part 03

  1. Research Methodology & Approach
    1. Research Process
    2. Primary Research
    3. Secondary Research

Part 04

  1. Summary of the Report for Key Decision Markers

Part 05

  1. Market Opportunities
    1. Product Type 
    2. Sales Channel

Part 06

  1. Major Roadblocks

Part 07

  1. Regulatory Landscape

Part 08

  1. Industry Risk Analysis

Part 09

  1. Value Chain Analysis

Part 10

  1. Regional Demand Analysis

Part 11

  1. Pricing Analysis

Part 12

  1. Analysis of Recent Developments

Part 13

  1. Analysis of Recent Technological Advancements

Part 14

  1. Industry Growth Outlook

Part 15

  1. Analysis on Recent Product Launches

Part 16

  1. SWOT Analysis

Part 17

  1. PEST Analysis

Part 18

  1. Product Analysis

Part 19

  1. Competitive Feature Analysis

Part 20

  1. Competitive Model: A Detailed Inside View for Investors
    1. Market share of major companies profiled in 2023
    2. Business Profile of Key Enterprises
      1. Johnson Controls,
        1. Detailed Overview
        2. Assessment of key offerings
        3. Analysis of growth strategies
        4. Exhaustive analysis of key financial indicators
        5. Recent developments and strategies
      2. Honeywell International Inc.
      3. Siemens
      4. Schneider Electric
      5. Amazon
      6. Apple Inc.
      7. ADT
      8. Robert Bosch Smart Home GmbH
      9. ABB
      10. Samsung
      11. Panasonic Corporation
      12. Hitachi, Ltd.
      13. Mitsubishi Electric
      14. NTT Docomo

Part 21

  1. Global Smart Home Market Outlook
    1. Market Summary
    2. Market Value (USD Billion) Current and Future Projections, 2024-2037
    3. Market Increment USD  Opportunity Assessment, 2024-2037
    4. Year-on-Year Growth Forecast (%)
    5. Global Smart Home Market Segmentation Analysis (2024-2037)
      1. By Product Type
        1. Lighting Control, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
        2. Security and Access Controls, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
        3. HVAC Controls, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
        4. Entertainment and Others, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
        5. Home Healthcare, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
        6. Smart Kitchen, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
        7. Smart Furniture, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
        8. Others, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F

Part 22

  1. North America Smart Home Market Outlook
    1. Outline of the Segment
    2. Detailed Overview
    3. North America Smart Home Market Segmentation Analysis (2024-2037)
      1. By Product Type
        1. Lighting Control, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
        2. Security and Access Controls, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
        3. HVAC Controls, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
        4. Entertainment and Others, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
        5. Home Healthcare, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
        6. Smart Kitchen, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
        7. Smart Furniture, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
        8. Others, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      2. By Sales Channel
        1. Direct Sales, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
        2. Indirect Sales, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      3. By Country
        1. US, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
        2. Canada, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F

Cross Analysis of Product Type w.r.t. Sales Channel (USD Billion), 2024-2037

Part 23

  1. Europe Smart Home Market Outlook
    1. Outline of the Segment
    2. Detailed Overview
    3. Europe Smart Home Market Segmentation Analysis (2024-2037)
      1. By Product Type
        1. Lighting Control, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
        2. Security and Access Controls, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
        3. HVAC Controls, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
        4. Entertainment and Others, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
        5. Home Healthcare, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
        6. Smart Kitchen, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
        7. Smart Furniture, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
        8. Others, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      2. By Sales Channel
        1. Direct Sales, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
        2. Indirect Sales, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      3. By Country
        1. UK, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
        2. Germany, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
        3. France, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
        4. Italy, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
        5. Spain, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
        6. BENELUX, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
      4. Russia, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
      5. Poland, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
      6. Rest of Europe, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F

Cross Analysis of Product Type w.r.t. Sales Channel (USD Billion), 2024-2037

Part 24

  1. Asia Pacific Excluding Japan Smart Home Market Outlook
    1. Outline of the Segment
    2. Detailed Overview
    3. Asia Pacific Excluding Japan Smart Home Market Segmentation Analysis (2024-2037)
      1. By Product Type
      2. Lighting Control, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      3. Security and Access Controls, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      4. HVAC Controls, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      5. Entertainment and Others, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      6. Home Healthcare, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      7. Smart Kitchen, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      8. Smart Furniture, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      9. Others, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
    4. By Sales Channel
      1. Direct Sales, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      2. Indirect Sales, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
    5. By Country
      1. China, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
      2. Malaysia, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
      3. India, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
      4. Indonesia, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
      5. South Korea, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
      6. New Zealand, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
      7. Singapore, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
      8. Australia, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
      9. Rest of APEJ, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F

Cross Analysis of Product Type w.r.t. Sales Channel (USD Billion), 2024-2037

Part 25

  1. Japan Smart Home Market Outlook
    1. Outline of the Segment
    2. Detailed Overview
    3. Japan Smart Home Market Segmentation Analysis (2024-2037)
      1. By Product Type
      2. Lighting Control, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      3. Security and Access Controls, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      4. HVAC Controls, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      5. Entertainment and Others, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      6. Home Healthcare, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      7. Smart Kitchen, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      8. Smart Furniture, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      9. Others, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
    4. By Sales Channel
      1. Direct Sales, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      2. Indirect Sales, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F

Cross Analysis of Product Type w.r.t. Sales Channel (USD Billion), 2024-2037

Part 26

  1. Latin America Smart Home Market Outlook
    1. Outline of the Segment
    2. Detailed Overview
    3. Latin America Smart Home Market Segmentation Analysis (2024-2037)
      1. By Product Type
      2. Lighting Control, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      3. Security and Access Controls, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      4. HVAC Controls, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      5. Entertainment and Others, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      6. Home Healthcare, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      7. Smart Kitchen, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      8. Smart Furniture, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      9. Others, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
    4. By Sales Channel
      1. Direct Sales, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      2. Indirect Sales, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
    5. By Country
      1. Brazil, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
      2. Argentina, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
      3. Mexico, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
      4. Rest of Latin America, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F

Cross Analysis of Product Type w.r.t. Sales Channel (USD Billion), 2024-2037

Part 27

  1. Middle East and Africa Smart Home Market Outlook
    1. Outline of the Segment
    2. Detailed Overview
    3. Middle East and Africa Smart Home Market Segmentation Analysis (2024-2037)
      1. By Product Type
      2. Lighting Control, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      3. Security and Access Controls, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      4. HVAC Controls, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      5. Entertainment and Others, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      6. Home Healthcare, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      7. Smart Kitchen, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      8. Smart Furniture, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      9. Others, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
    4. By Sales Channel
      1. Direct Sales, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
      2. Indirect Sales, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
    5. By Country
      1. GCC, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
      2. Israel, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
      3. South Africa, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
      4. Rest of Middle East & Africa, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F

Cross Analysis of Product Type w.r.t. Sales Channel (USD Billion), 2024-2037


Smart Home Market Share

Asia Pacific Excluding Japan Market Forecasts

Asia Pacific excluding Japan region in smart home market revenue is expected to exceed USD 328.70 Billion by the end of 2037. Urbanization, rising disposable income, and a tech-savvy population could be the reason for the growth of the market in the region. Examples include the widespread adoption of smart appliances, such as the Samsung Family Hub refrigerator and Xiaomi Smart Air Purifiers.

The demand for luxurious smart home products is driven by rising living standards in the region. In a sign of an increasing trend towards the adoption of modern home technology, 76% of Chinese consumers are willing to purchase devices that can be used for convenience and comfort.

Factors such as high Internet penetration, growing awareness of fitness, and healthy lifestyles among China's middle-class population that leads to a high disposable income are driving the Chinese market growth.

The growing adoption of voice-controlled products and smart speakers is one of the most important trends in the Indian market. The demand for an interconnected smart home ecosystem is increasing as more and more households are adopting intelligent assistants and voice recognition technology.

Growth in Japan can be attributed to growing demand for security applications, as well as increased energy efficiency and overall comfort.

North American Market Statistics

Smart home market size for North America region is set to reach USD 289.72 Billion by the end of 2037. The market for smart homes in North America is growing on the back of factors such as extensive internet access, technological advances, and an increasing preference for connected living.

Internet of Things devices, e.g. intelligent thermostats, security systems, and voice assistants are part of the main components. Leading companies such as Ring, Nest, and ADT offer a full range of smart security solutions, including video doorbells and security cameras. Notably, 39.2% of households in the region have adopted smart home technology, making it the biggest global adoption rate.

Due to technological progress and increasing consumer adoption, the market in the United States is expanding.

The rapid growth of the market in Canada is driven by increasing demand for energy-efficient and connected devices in households nationwide.

Research Nester
Smart Home Market Size
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Author Credits:  Abhishek Verma


  • Report ID: 6059
  • Published Date: May 23, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The growth can be accounted for by the increasing IoT connectivity and energy efficiency & sustainability are key trends in the market.

The market size of smart homes is anticipated to attain a CAGR of 15.57% over the forecast period, i.e., 2024-2037.

The major players in the market are Amazon.com Inc., ADT, Robert Bosch Smart Home GmbH, ABB, Samsung Electronics Co Ltd, Panasonic Corporation, and others.

The indirect sales segment is anticipated to garner the largest market size by the end of 2037 and display significant growth opportunities.

The market in the Asia Pacific excluding Japan region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
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