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Smart Home Market to Surge from USD 100 Billion in 2023 to Nearly USD 600 Billion by 2030

01-29-2025 03:18 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: STELLAR MARKET RESEARCH

Smart Home Market

Smart Home Market

The ๐’๐ฆ๐š๐ซ๐ญ ๐‡๐จ๐ฆ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ 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.

๐’๐ฆ๐š๐ซ๐ญ ๐‡๐จ๐ฆ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:

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.

๐–๐š๐ง๐ญ ๐ญ๐จ ๐’๐ž๐ž ๐ญ๐ก๐ž ๐“๐ซ๐ž๐ง๐๐ฌ? ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐š ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐“๐จ๐๐š๐ฒ:https://www.stellarmr.com/report/req_sample/smart-home-market/2486

๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐’๐ฆ๐š๐ซ๐ญ ๐‡๐จ๐ฆ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ:

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.

๐’๐ฆ๐š๐ซ๐ญ ๐‡๐จ๐ฆ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ:

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.

๐“๐ก๐ž ๐ˆ๐ง๐ญ๐ž๐ซ๐ž๐ฌ๐ญ๐ž๐ ๐’๐ญ๐š๐ค๐ž๐ก๐จ๐ฅ๐๐ž๐ซ๐ฌ ๐œ๐š๐ง ๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐Ÿ๐จ๐ซ ๐ญ๐ก๐ž ๐๐ฎ๐ซ๐œ๐ก๐š๐ฌ๐ž ๐จ๐Ÿ ๐ญ๐ก๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ:https://www.stellarmr.com/report/enquire_now/smart-home-market/2486

๐Œ๐ž๐ซ๐ ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐€๐œ๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐’๐ฆ๐š๐ซ๐ญ ๐‡๐จ๐ฆ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ: ๐†๐ฅ๐จ๐›๐š๐ฅ ๐”๐ฉ๐๐š๐ญ๐ž๐ฌ

๐•๐ข๐ž๐ญ๐ง๐š๐ฆ: ๐’๐ฆ๐š๐ซ๐ญ ๐‡๐จ๐ฆ๐ž ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ

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.

๐“๐ก๐š๐ข๐ฅ๐š๐ง๐: ๐’๐ฆ๐š๐ซ๐ญ ๐‡๐จ๐ฆ๐ž ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐“๐ก๐š๐ข๐ฅ๐š๐ง๐

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.

๐‰๐š๐ฉ๐š๐ง: ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐‰๐š๐ฉ๐š๐ง'๐ฌ ๐’๐ฆ๐š๐ซ๐ญ ๐‡๐จ๐ฆ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ

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.

๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š: ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š'๐ฌ ๐’๐ฆ๐š๐ซ๐ญ ๐‡๐จ๐ฆ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ

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.

๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž: ๐’๐ฆ๐š๐ซ๐ญ ๐‡๐จ๐ฆ๐ž ๐”๐ฉ๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž

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.

๐”๐ง๐ข๐ญ๐ž๐ ๐’๐ญ๐š๐ญ๐ž๐ฌ: ๐’๐ฆ๐š๐ซ๐ญ ๐‡๐จ๐ฆ๐ž ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐”๐’

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.

๐„๐ฎ๐ซ๐จ๐ฉ๐ž: ๐“๐ซ๐ž๐ง๐๐ฌ ๐š๐ง๐ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐„๐ฎ๐ซ๐จ๐ฉ๐ž'๐ฌ ๐’๐ฆ๐š๐ซ๐ญ ๐‡๐จ๐ฆ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ

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.

๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐…๐ฎ๐ฅ๐ฅ ๐๐ƒ๐… ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‚๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ @https://www.stellarmr.com/report/req_sample/smart-home-market/2486

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐’๐ฆ๐š๐ซ๐ญ ๐‡๐จ๐ฆ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ:

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…๐จ๐ซ ๐ฆ๐จ๐ซ๐ž ๐ข๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง ๐š๐›๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ฏ๐ข๐ฌ๐ข๐ญ:https://www.stellarmr.com/report/smart-home-market/2486 ๏ปฟ

๐–๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ž ๐ฅ๐š๐ซ๐ ๐ž๐ฌ๐ญ ๐ฆ๐š๐ง๐ฎ๐Ÿ๐š๐œ๐ญ๐ฎ๐ซ๐ž๐ซ๐ฌ ๐จ๐Ÿ ๐’๐ฆ๐š๐ซ๐ญ ๐‡๐จ๐ฆ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐ž?

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)

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐‘๐ž๐ฅ๐š๐ญ๐ž๐ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐’๐ญ๐ž๐ฅ๐ฅ๐š๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

โ™ฆ Baby Bottle Market https://www.stellarmr.com/report/baby-bottle-market/2525
โ™ฆ Baby Wipes Market https://www.stellarmr.com/report/Baby-Wipes-Market/1140
โ™ฆ Big Data Market https://www.stellarmr.com/report/Big-Data-Market/1141
โ™ฆ Bio-butanol Market https://www.stellarmr.com/report/Bio-butanol-Market/1142
โ™ฆ Biomaterials Market https://www.stellarmr.com/report/Biomaterials-Market/1143
โ™ฆ Pet Services Market https://www.stellarmr.com/report/Pet-Services-Market/1144
โ™ฆ Car Leasing Market https://www.stellarmr.com/report/Car-Leasing-Market/1145
โ™ฆ Cargo Shipping Market https://www.stellarmr.com/report/Cargo-Shipping-Market/1146

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐’๐ญ๐ž๐ฅ๐ฅ๐š๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

S.no.8, h.no. 4-8 Pl.7/4, Kothrud,
Pinnac Memories Fl. No. 3, Kothrud, Pune,
Pune, Maharashtra, 411029
sales@stellarmr.com

๐€๐›๐จ๐ฎ๐ญ ๐’๐ญ๐ž๐ฅ๐ฅ๐š๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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