Smart Home Market to Surge from USD 100 Billion in 2023 to Nearly


Smart Home Market
The ๐๐ฆ๐๐ซ๐ญ ๐๐จ๐ฆ๐ ๐๐๐ซ๐ค๐๐ญ was valued at USD 100 billion in 2023 and is projected to grow at a CAGR of 29.17% from 2024 to 2030, reaching approximately USD 600 billion by 2030.
๐๐ฆ๐๐ซ๐ญ ๐๐จ๐ฆ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
A Smart Home integrates internet-connected devices to enable the remote monitoring and control of systems such as lighting, HVAC, security, and appliances. These technologies enhance convenience, energy efficiency, and safety for homeowners, creating a dynamic market driven by consumer demand for automation and advanced functionalities. Smart assistants like Alexa, Siri, and Google Assistant have further accelerated adoption. North America currently dominates the market, supported by a robust infrastructure, technological advancements, and a strong consumer base prioritizing energy efficiency and security.
๐๐๐ง๐ญ ๐ญ๐จ ๐๐๐ ๐ญ๐ก๐ ๐๐ซ๐๐ง๐๐ฌ? ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐๐๐ฒ:
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ฆ๐๐ซ๐ญ ๐๐จ๐ฆ๐ ๐๐๐ซ๐ค๐๐ญ:
The growing concerns about security, safety, and energy efficiency are major drivers of the Smart Home Market. Homeowners are increasingly seeking automation solutions that enhance convenience and protect their properties. Innovations in artificial intelligence, IoT, and voice-activated assistants have simplified device operation, further boosting adoption. Additionally, the need for energy-efficient systems and smart appliances aligns with the global focus on sustainability, fueling market growth.
๐๐ฆ๐๐ซ๐ญ ๐๐จ๐ฆ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ:
The advancements in voice control, automation, and sustainability are shaping the Smart Home Market. Voice-activated devices are gaining popularity for their convenience and integration with other smart systems. The demand for energy-efficient appliances continues to grow as consumers prioritize eco-friendly solutions. Furthermore, retrofitting existing homes with smart technologies is a cost-effective trend, while new constructions designed with integrated smart infrastructure highlight a shift toward seamless automation in modern housing.
๐๐ก๐ ๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐๐ญ๐๐ค๐๐ก๐จ๐ฅ๐๐๐ซ๐ฌ ๐๐๐ง ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐จ๐ซ ๐ญ๐ก๐ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ:
๐๐๐ซ๐ ๐๐ซ๐ฌ ๐๐ง๐ ๐๐๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ฆ๐๐ซ๐ญ ๐๐จ๐ฆ๐ ๐๐๐ซ๐ค๐๐ญ: ๐๐ฅ๐จ๐๐๐ฅ ๐๐ฉ๐๐๐ญ๐๐ฌ
๐๐ข๐๐ญ๐ง๐๐ฆ: ๐๐ฆ๐๐ซ๐ญ ๐๐จ๐ฆ๐ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ข๐๐ญ๐ง๐๐ฆ
Vietnam’s growing urban population and tech-savvy middle class are driving the adoption of smart home solutions. Vingroup partnered with Xiaomi to offer affordable smart home devices. Government initiatives promoting smart city projects are further accelerating market growth.
๐๐ก๐๐ข๐ฅ๐๐ง๐: ๐๐ฆ๐๐ซ๐ญ ๐๐จ๐ฆ๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐ก๐๐ข๐ฅ๐๐ง๐
Thailand’s focus on modernizing its infrastructure and enhancing energy efficiency has boosted the demand for smart home technologies. Thai Smart Living collaborated with Samsung Electronics to launch integrated home automation systems. Increasing investments in residential projects are further expanding the market.
๐๐๐ฉ๐๐ง: ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐๐ฉ๐๐ง’๐ฌ ๐๐ฆ๐๐ซ๐ญ ๐๐จ๐ฆ๐ ๐๐๐ซ๐ค๐๐ญ
Japan’s advanced technological infrastructure and aging population are driving the demand for health-focused smart home devices. Companies like Panasonic and Sony are developing AI-enabled home automation systems tailored for elderly care. Recent trends include the integration of robotics and voice assistants for seamless connectivity.
๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐: ๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐’๐ฌ ๐๐ฆ๐๐ซ๐ญ ๐๐จ๐ฆ๐ ๐๐๐ซ๐ค๐๐ญ
South Korea has witnessed significant consolidations in the smart home sector to strengthen technological innovation. LG Electronics acquired SmartSync Solutions to enhance its IoT-enabled home appliances portfolio. These developments are expected to foster innovation and improve user experience.
๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐: ๐๐ฆ๐๐ซ๐ญ ๐๐จ๐ฆ๐ ๐๐ฉ๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐
Singapore’s commitment to becoming a smart nation has propelled investments in smart home technologies. SingTel partnered with Google Nest to provide bundled smart home solutions with advanced connectivity options. Innovations such as blockchain-enabled security systems are revolutionizing the market.
๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ: ๐๐ฆ๐๐ซ๐ญ ๐๐จ๐ฆ๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐
The US dominates the smart home market, supported by strong consumer adoption and advanced technological ecosystems. Companies like Amazon and Apple are leading with smart speakers and home automation devices. Recent developments include the launch of Matter, a universal IoT standard to enhance interoperability.
๐๐ฎ๐ซ๐จ๐ฉ๐: ๐๐ซ๐๐ง๐๐ฌ ๐๐ง๐ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ฎ๐ซ๐จ๐ฉ๐’๐ฌ ๐๐ฆ๐๐ซ๐ญ ๐๐จ๐ฆ๐ ๐๐๐ซ๐ค๐๐ญ
Europe’s focus on energy efficiency and sustainability is driving innovation in the smart home sector. Key players like Schneider Electric and Bosch are introducing eco-friendly solutions such as smart thermostats and energy management systems. The acquisition of HomeConnect by Siemens highlights the region’s commitment to enhancing smart home technologies.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ @
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐ฆ๐๐ซ๐ญ ๐๐จ๐ฆ๐ ๐๐๐ซ๐ค๐๐ญ:
By Type
Safety and Security Access Control
Home Appliances
HVAC Control
Lighting Control
Smart Entertainment Devices
Smart Kitchen Appliances
Others
By Application
Retrofit
New Construction
By Protocol
Wireless
Wired segments
๐ ๐จ๐ซ ๐ฆ๐จ๐ซ๐ ๐ข๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ฏ๐ข๐ฌ๐ข๐ญ: ๏ปฟ
๐๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ ๐ฅ๐๐ซ๐ ๐๐ฌ๐ญ ๐ฆ๐๐ง๐ฎ๐๐๐๐ญ๐ฎ๐ซ๐๐ซ๐ฌ ๐จ๐ ๐๐ฆ๐๐ซ๐ญ ๐๐จ๐ฆ๐ ๐๐๐ซ๐ค๐๐ญ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐?
Amazon(US)
Google(US)
Apple(US)
Honeywell(US)
Ecobee(Canada)
Vivint(US)
ADT(US)
Tado(Germany)
Philips Hue(Netherlands)
Somfy(France)
Devolo(Germany)
Fibaro(Poland)
xiaomi(china)
Panasonic(Japan)
Haier(china)
LG(South Korea)
Aqara(Lumi United Technology)
BroadLink(China)
Orvibo(China)
Samsung (South Korea)
Bosch(Germany)
Schneider Electric(France)
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๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ญ๐๐ฅ๐ฅ๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
S.no.8, h.no. 4-8 Pl.7/4, Kothrud,
Pinnac Memories Fl. No. 3, Kothrud, Pune,
Pune, Maharashtra, 411029
[email protected]
๐๐๐จ๐ฎ๐ญ ๐๐ญ๐๐ฅ๐ฅ๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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