Global Smart Home Market Outlook 2037

The global smart home market is anticipated to grow with a CAGR of 15.57% over the forecast period, i.e., 2024-2037. Factors such as the surge in the adoption of renovation of houses, followed by the rising IoT connectivity are projected to drive the market's growth in the coming years. Additionally, escalating demand for home safety and security appliances is expected to boost market growth. The market is estimated to garner a revenue of nearly USD 900 billion by the end of 2037, up from a revenue of about USD 140 billion in the year 2024.

The global smart home market is segmented into numerous segments, including product, sales channel, and region. By sales channel, the market is segmented into indirect and direct. By the end of 2037, the segment is anticipated to garner the largest revenue of around USD 603 billion, up from a revenue of close to USD 90 billion in the year 2024.

Based on region, the global smart home market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific excluding Japan, amongst the market in all the other regions, is anticipated to garner the largest revenue of more than USD 328 billion by the end of 2037. Moreover, in the year 2024, the market in the region generated a revenue of over USD 43 billion.

Some of the prominent industry leaders in the global smart home market that are included in our report are Amazon.com Inc., ADT, Robert Bosch Smart Home GmbH, ABB, Samsung Electronics Co Ltd, Panasonic Corporation., and others.

1. An Outline of the Global Smart Home Market

1.1. Market Definition
1.2. Market Segmentation
1.3. Product Overview

2. Assumptions and Abbreviations

3. Research Methodology & Approach

3.1. Research Process
3.2. Primary Research
3.3. Secondary Research

4. Summary of the Report for Key Decision Markers

5. Market Opportunities

5.1. Product Type
5.2. Sales Channel

6. Major Roadblocks7. Regulatory Landscape8. Industry Risk Analysis9. Value Chain Analysis10. Regional Demand Analysis11. Pricing Analysis12. Analysis of Recent Developments13. Analysis of Recent Technological Advancements14. Industry Growth Outlook15. Analysis on Recent Product Launches16. SWOT Analysis17. PEST Analysis18. Product Analysis19. Competitive Feature Analysis

20. Competitive Model: A Detailed Inside View for Investors

20.1. Market share of major companies profiled in 2023
20.2. Business Profile of Key Enterprises
20.2.1. Johnson Controls,
20.2.1.1. Detailed Overview
20.2.1.2. Assessment of key offerings
20.2.1.3. Analysis of growth strategies
20.2.1.4. Exhaustive analysis of key financial indicators
20.2.1.5. Recent developments and strategies
20.2.2. Honeywell International Inc.
20.2.3. Siemens
20.2.4. Schneider Electric
20.2.5. Amazon
20.2.6. Apple Inc.
20.2.7. ADT
20.2.8. Robert Bosch Smart Home GmbH
20.2.9. ABB
20.2.10. Samsung
20.2.11. Panasonic Corporation
20.2.12. Hitachi, Ltd.
20.2.13. Mitsubishi Electric
20.2.14. NTT Docomo

21. Global Smart Home Market Outlook

21.1. Market Summary
21.2. Market Value (USD Billion) Current and Future Projections, 2024-2037
21.3. Market Increment USD Opportunity Assessment, 2024-2037
21.4. Year-on-Year Growth Forecast (%)
21.5. Global Smart Home Market Segmentation Analysis (2024-2037)
21.5.1. By Product Type
21.5.1.1. Lighting Control, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
21.5.1.2. Security and Access Controls, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
21.5.1.3. HVAC Controls, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
21.5.1.4. Entertainment and Others, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
21.5.1.5. Home Healthcare, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
21.5.1.6. Smart Kitchen, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
21.5.1.7. Smart Furniture, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
21.5.1.8. Others, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F

22. North America Smart Home Market Outlook

22.1. Outline of the Segment
22.2. Detailed Overview
22.3. North America Smart Home Market Segmentation Analysis (2024-2037)
22.3.1. By Product Type
22.3.1.1. Lighting Control, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
22.3.1.2. Security and Access Controls, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
22.3.1.3. HVAC Controls, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
22.3.1.4. Entertainment and Others, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
22.3.1.5. Home Healthcare, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
22.3.1.6. Smart Kitchen, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
22.3.1.7. Smart Furniture, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
22.3.1.8. Others, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
22.3.2. By Sales Channel
22.3.2.1. Direct Sales, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
22.3.2.2. Indirect Sales, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
22.3.3. By Country
22.3.3.1. US, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
22.3.3.2. 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

23. Europe Smart Home Market Outlook

23.1. Outline of the Segment
23.2. Detailed Overview
23.3. Europe Smart Home Market Segmentation Analysis (2024-2037)
23.3.1. By Product Type
23.3.1.1. Lighting Control, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
23.3.1.2. Security and Access Controls, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
23.3.1.3. HVAC Controls, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
23.3.1.4. Entertainment and Others, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
23.3.1.5. Home Healthcare, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
23.3.1.6. Smart Kitchen, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
23.3.1.7. Smart Furniture, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
23.3.1.8. Others, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
23.3.2. By Sales Channel
23.3.2.1. Direct Sales, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
23.3.2.2. Indirect Sales, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
23.3.3. By Country
23.3.3.1. UK, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
23.3.3.2. Germany, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
23.3.3.3. France, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
23.3.3.4. Italy, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
23.3.3.5. Spain, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
23.3.3.6. BENELUX, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
23.3.4. Russia, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
23.3.5. Poland, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
23.3.6. 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
24. Asia Pacific Excluding Japan Smart Home Market Outlook
24.1. Outline of the Segment
24.2. Detailed Overview
24.3. Asia Pacific Excluding Japan Smart Home Market Segmentation Analysis (2024-2037)
24.3.1. By Product Type
24.3.2. Lighting Control, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
24.3.3. Security and Access Controls, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
24.3.4. HVAC Controls, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
24.3.5. Entertainment and Others, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
24.3.6. Home Healthcare, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
24.3.7. Smart Kitchen, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
24.3.8. Smart Furniture, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
24.3.9. Others, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
24.4. By Sales Channel
24.4.1. Direct Sales, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
24.4.2. Indirect Sales, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
24.5. By Country
24.5.1. China, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
24.5.2. Malaysia, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
24.5.3. India, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
24.5.4. Indonesia, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
24.5.5. South Korea, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
24.5.6. New Zealand, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
24.5.7. Singapore, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
24.5.8. Australia, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
24.5.9. 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

25. Japan Smart Home Market Outlook

25.1. Outline of the Segment
25.2. Detailed Overview
25.3. Japan Smart Home Market Segmentation Analysis (2024-2037)
25.3.1. By Product Type
25.3.2. Lighting Control, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
25.3.3. Security and Access Controls, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
25.3.4. HVAC Controls, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
25.3.5. Entertainment and Others, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
25.3.6. Home Healthcare, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
25.3.7. Smart Kitchen, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
25.3.8. Smart Furniture, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
25.3.9. Others, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
25.4. By Sales Channel
25.4.1. Direct Sales, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
25.4.2. 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

26. Latin America Smart Home Market Outlook

26.1. Outline of the Segment
26.2. Detailed Overview
26.3. Latin America Smart Home Market Segmentation Analysis (2024-2037)
26.3.1. By Product Type
26.3.2. Lighting Control, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
26.3.3. Security and Access Controls, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
26.3.4. HVAC Controls, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
26.3.5. Entertainment and Others, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
26.3.6. Home Healthcare, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
26.3.7. Smart Kitchen, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
26.3.8. Smart Furniture, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
26.3.9. Others, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
26.4. By Sales Channel
26.4.1. Direct Sales, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
26.4.2. Indirect Sales, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
26.5. By Country
26.5.1. Brazil, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
26.5.2. Argentina, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
26.5.3. Mexico, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
26.5.4. 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

27. Middle East and Africa Smart Home Market Outlook

27.1. Outline of the Segment
27.2. Detailed Overview
27.3. Middle East and Africa Smart Home Market Segmentation Analysis (2024-2037)
27.3.1. By Product Type
27.3.2. Lighting Control, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
27.3.3. Security and Access Controls, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
27.3.4. HVAC Controls, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
27.3.5. Entertainment and Others, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
27.3.6. Home Healthcare, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
27.3.7. Smart Kitchen, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
27.3.8. Smart Furniture, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
27.3.9. Others, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
27.4. By Sales Channel
27.4.1. Direct Sales, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
27.4.2. Indirect Sales, Market Value (USD Billion), CAGR & Y-o-Y Growth Trend, 2024-2037F
27.5. By Country
27.5.1. GCC, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
27.5.2. Israel, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
27.5.3. South Africa, Market Value (USD Billion), and CAGR & Y-o-Y Growth Trend, 2024-2037F
27.5.4. 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

Companies Mentioned

Amazon.com Inc.
ADT
Robert Bosch Smart Home GmbH
ABB
Samsung Electronics Co Ltd
Panasonic Corporation.

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