Product Code: 978-1-68038-041-5
Smart Home Market Growth & Trends:
The global smart home market size is estimated to reach USD 537.27 billion by 2030, expanding at a CAGR of 27.0% from 2025 to 2030, according to a new report by Grand View Research, Inc. The smart home is driven by computing devices and information technology that link smart home instruments and gadgets to provide convenience, entertainment, and enhanced comfort to residents in a sustainable way. The market growth is attributed to the rising penetration of the Internet of Things (IoT) and Internet connectivity in homes. Moreover, the trend of modern technologies, such as Artificial Intelligence (AI), being integrated with smart homes has enabled more advanced and digitally smart devices for better living.
In addition, the growing penetration of smartphones is driving the market as smart home devices can be controlled through a smartphone, thereby enabling ease of access and usage. Furthermore, the trend of automation in daily mundane tasks is expected to support market growth significantly. The rising need for home security has prompted the use of AI-powered smart home devices. Facial recognition and threat analysis are among the features included in these gadgets that are expected to drive the demand for smart home solutions. Asia Pacific is expected to emerge as the fastest-growing region over the forecast period.
This is mainly owing to the improved standards of living and increased consumer disposable income levels in the region. The rapid penetration of the internet, smartphones, and other digitally advanced equipment in the region is also expected to drive market growth. Furthermore, the increased demand for smart speakers, such as Siri and Alexa, significantly impacts the region's growth. In addition, the trend of luxurious lifestyles in developing nations in the region, due to increased disposable income and personal choice among consumers for smart devices, is propelling the market growth.
Smart Home Market Report Highlights:
- The security & access control segment dominated the market with the largest share of over 29% in 2024 due to the increased demand for advanced security solutions and the necessity to restrict access to rooms or safes with valuable items and goods
- The wireless protocols segment is expected to witness the highest CAGR from 2025 to 2030 as wireless technology is continuously undergoing extreme developments in terms of connectivity and latency
- The new construction segment is expected to witness the highest CAGR from 2025 to 2030 period as product installations are easier in new constructions with prior knowledge of wall placements and wire/power outlets
- The smart home market in Asia Pacific is expected to grow at the highest CAGR of over 28% from 2025 to 2030 due to the increasing internet and IoT devices penetration
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.2.1. Information analysis
- 1.2.2. Market formulation & data visualization
- 1.2.3. Data validation & publishing
- 1.3. Research Scope and Assumptions
- 1.3.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Smart Home Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.2. Market Restraint Analysis
- 3.2.3. Deployment Challenge
- 3.3. Smart Home Market Analysis Tools
- 3.3.1. Deployment Analysis - Porter's
- 3.3.1.1. Bargaining power of the suppliers
- 3.3.1.2. Bargaining power of the buyers
- 3.3.1.3. Threats of substitution
- 3.3.1.4. Threats from new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic and social landscape
- 3.3.2.3. Technological landscape
Chapter 4. Smart Home Market: Product Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Smart Home Market: Product Movement Analysis, USD Million, 2024 & 2030
- 4.3. Security & Access Control
- 4.3.1. Security & Access Control Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.2. Security Cameras
- 4.3.2.1. Security Cameras Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.3. Video Door Phones
- 4.3.3.1. Video Door Phones Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.4. Smart Locks
- 4.3.4.1. Smart Locks Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.5. Remote Monitoring Software & Services
- 4.3.5.1. Remote Monitoring Software & Services Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.6. Others
- 4.3.6.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. Lighting Control
- 4.4.1. Lighting Control Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.2. Smart Lights
- 4.4.2.1. Smart Lights Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.3. Relays & Switches
- 4.4.3.1. Relays & Switches Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.4. Occupancy Sensors
- 4.4.4.1. Occupancy Sensors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.5. Dimmers
- 4.4.5.1. Dimmers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.6. Other Products
- 4.4.6.1. Other Products Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5. Entertainment Devices
- 4.5.1. Entertainment Devices Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5.2. Smart Displays/TV
- 4.5.2.1. Smart Displays/TV Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5.3. Streaming Devices
- 4.5.3.1. Streaming Devices Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5.4. Sound Bars & Speakers
- 4.5.4.1. Sound Bars & Speakers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.6. HVAC
- 4.6.1. HVAC Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.6.2. Smart Thermostats
- 4.6.2.1. Smart Thermostats Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.6.3. Sensors
- 4.6.3.1. Sensors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.6.4. Smart Vents
- 4.6.4.1. Smart Vents Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.6.5. Others
- 4.6.5.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.7. Smart Kitchen Appliances
- 4.7.1. Smart Kitchen Appliances Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.7.2. Refrigerators
- 4.7.2.1. Refrigerators Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.7.3. Dish Washers
- 4.7.3.1. Dish Washers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.7.4. Cooktops
- 4.7.4.1. Cooktops Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.7.5. Microwave/Ovens
- 4.7.5.1. Microwave/Ovens Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.8. Home Appliances
- 4.8.1. Home Appliances Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.8.2. Smart Washing Machines
- 4.8.2.1. Smart Washing Machines Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.8.3. Smart Water Heaters
- 4.8.3.1. Smart Water Heaters Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.8.4. Smart Vacuum Cleaners
- 4.8.4.1. Smart Vacuum Cleaners Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.9. Smart Furniture
- 4.9.1. Smart Furniture Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.10. Home Healthcare
- 4.10.1. Home Healthcare Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.11. Other Devices
- 4.11.1. Other Devices Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Smart Home Market: Protocols Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Smart Home Market: Protocols Movement Analysis, USD Million, 2024 & 2030
- 5.3. Wireless Protocols
- 5.3.1. Wireless Protocols Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.3.2. ZigBee
- 5.3.2.1. ZigBee Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.3.3. Wi-Fi
- 5.3.3.1. Wi-Fi Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.3.4. Bluetooth
- 5.3.4.1. Bluetooth Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.3.5. Z Waves
- 5.3.5.1. Z Waves Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.3.6. Others
- 5.3.6.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. Wired Protocols
- 5.4.1. Wired Protocols Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5. Hybrid
- 5.5.1. Hybrid Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Smart Home Market: Application Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Smart Home Market: Application Movement Analysis, USD Million, 2024 & 2030
- 6.3. New Construction
- 6.3.1. New Construction Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Retrofit
- 6.4.1. Retrofit Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Regional Estimates & Trend Analysis
- 7.1. Smart Home Market by Region, 2024 & 2030
- 7.2. North America
- 7.2.1. North America Smart Home Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.2.2. U.S.
- 7.2.2.1. U.S. Smart Home Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.3. Canada
- 7.2.3.1. Canada Smart Home Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Europe Smart Home Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.2. U.K.
- 7.3.2.1. U.K. Smart Home Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.3. Germany
- 7.3.3.1. Germany Smart Home Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.4. France
- 7.3.4.1. France Smart Home Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.5. Italy
- 7.3.5.1. Italy Smart Home Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.6. Spain
- 7.3.6.1. Spain Smart Home Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.7. Benelux
- 7.3.7.1. Benelux Smart Home Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.8. Nordic Countries
- 7.3.8.1. Nordic Countries Smart Home Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.9. Russia
- 7.3.9.1. Russia Smart Home Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Smart Home Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.2. China
- 7.4.2.1. China Smart Home Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.3. Japan
- 7.4.3.1. Japan Smart Home Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.4. India
- 7.4.4.1. India Smart Home Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.5. South Korea
- 7.4.5.1. South Korea Smart Home Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.6. Australia
- 7.4.6.1. Australia Smart Home Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.7. Indonesia
- 7.4.7.1. Indonesia Smart Home Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.8. Thailand
- 7.4.8.1. Thailand Smart Home Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5. Latin America
- 7.5.1. Latin America Smart Home Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5.2. Brazil
- 7.5.2.1. Brazil Smart Home Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5.3. Mexico
- 7.5.3.1. Mexico Smart Home Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5.4. Argentina
- 7.5.4.1. Argentina Smart Home Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6. Middle East and Africa
- 7.6.1. Middle East and Africa Smart Home Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.2. Saudi Arabia
- 7.6.2.1. Saudi Arabia Smart Home Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.3. South Africa
- 7.6.3.1. South Africa Smart Home Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.4. UAE
- 7.6.4.1. UAE Smart Home Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.5. Egypt
- 7.6.5.1. Egypt Smart Home Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.6. Nigeria
- 7.6.6.1. Nigeria Smart Home Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Company Categorization
- 8.2. Company Market Positioning
- 8.3. Company Heat Map Analysis
- 8.4. Company Profiles/Listing
- 8.4.1. LG Electronics, Inc.
- 8.4.1.1. Participant's Overview
- 8.4.1.2. Financial Performance
- 8.4.1.3. Service Benchmarking
- 8.4.1.4. Strategic Initiatives
- 8.4.2. Siemens AG
- 8.4.2.1. Participant's Overview
- 8.4.2.2. Financial Performance
- 8.4.2.3. Service Benchmarking
- 8.4.2.4. Strategic Initiatives
- 8.4.3. Amazon.com, Inc.
- 8.4.3.1. Participant's Overview
- 8.4.3.2. Financial Performance
- 8.4.3.3. Service Benchmarking
- 8.4.3.4. Strategic Initiatives
- 8.4.4. Google Nest (Google LLC)
- 8.4.4.1. Participant's Overview
- 8.4.4.2. Financial Performance
- 8.4.4.3. Service Benchmarking
- 8.4.4.4. Strategic Initiatives
- 8.4.5. Samsung Electronics Co., Ltd.
- 8.4.5.1. Participant's Overview
- 8.4.5.2. Financial Performance
- 8.4.5.3. Service Benchmarking
- 8.4.5.4. Strategic Initiatives
- 8.4.6. Schneider Electric SE
- 8.4.6.1. Participant's Overview
- 8.4.6.2. Financial Performance
- 8.4.6.3. Service Benchmarking
- 8.4.6.4. Strategic Initiatives
- 8.4.7. Legrand S.A.
- 8.4.7.1. Participant's Overview
- 8.4.7.2. Financial Performance
- 8.4.7.3. Service Benchmarking
- 8.4.7.4. Strategic Initiatives
- 8.4.8. Robert Bosch GmbH
- 8.4.8.1. Participant's Overview
- 8.4.8.2. Financial Performance
- 8.4.8.3. Service Benchmarking
- 8.4.8.4. Strategic Initiatives
- 8.4.9. Assa Abloy AB
- 8.4.9.1. Participant's Overview
- 8.4.9.2. Financial Performance
- 8.4.9.3. Service Benchmarking
- 8.4.9.4. Strategic Initiatives
- 8.4.10. Sony Group Corp.
- 8.4.10.1. Participant's Overview
- 8.4.10.2. Financial Performance
- 8.4.10.3. Service Benchmarking
- 8.4.10.4. Strategic Initiatives
- 8.4.11. ABB, Ltd.
- 8.4.11.1. Participant's Overview
- 8.4.11.2. Financial Performance
- 8.4.11.3. Service Benchmarking
- 8.4.11.4. Strategic Initiatives
- 8.4.12. Philips Lighting B.V.
- 8.4.12.1. Participant's Overview
- 8.4.12.2. Financial Performance
- 8.4.12.3. Service Benchmarking
- 8.4.12.4. Strategic Initiatives
- 8.4.13. Honeywell International, Inc.
- 8.4.13.1. Participant's Overview
- 8.4.13.2. Financial Performance
- 8.4.13.3. Service Benchmarking
- 8.4.13.4. Strategic Initiatives