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Smart Homes Market, Global, 2024–2030

Publisher Frost & Sullivan
Published Sep 04, 2025
SKU # MC20378885

Description

The global smart homes market is projected to reach $405.94 billion by 2030 at a compound annual growth rate of 9.3% from 2024, fueled by demand for convenience, energy efficiency, security, and comfort, alongside rising disposable incomes, urbanization, and the proliferation of IoT-enabled devices.

Falling prices and simplified DIY installation are accelerating adoption across diverse income levels. Frost & Sullivan segments the market into five key areas: home energy management, home automation and control, home safety and security, home entertainment, and health and wellness. Each is treated as a distinct market covering all relevant products, systems, software, and services. Entertainment systems are a primary consumer entry point, followed by energy management and security solutions, while voice assistants with advanced natural language processing enable conversational control, particularly benefiting elderly and disabled users.

The demand for sustainability drives adoption of energy-efficient appliances, such as smart washing machines, air conditioners, lighting, thermostats, and home energy monitors, aligning with eco-conscious consumers. The Matter standard enhances interoperability, fostering industry convergence.

The report provides detailed market sizing and forecasts across four regions, with country-level analyses for the United States, United Kingdom, Germany, France, India, China, Japan, and South Korea, which account for approximately 64.5% of market revenue. Extended insights and granular data are available through Frost & Sullivan’s Growth Generator platform, offering stakeholders a strategic understanding of market trends, growth opportunities, and competitive dynamics shaping the smart home ecosystem.

Table of Contents

Research Scope
Scope of Analysis
Segmentation—Application
Strategic Imperatives
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8
The Impact of the Top 3 Strategic Imperatives on the Smart Homes Industry
Growth Opportunity Analysis
Growth Metrics
Growth Drivers
Growth Restraints
Forecast Considerations
Revenue and Unit Shipment Forecast
Revenue Forecast by Region
Revenue Forecast by Application
Revenue Forecast by Key Countries
Revenue Forecast Analysis
Revenue Forecast Analysis by Key Countries
Competitive Environment
Top Performers and Emerging Innovators
Other Key Players in the Smart Home Ecosystem
Smart Home Ecosystem Competitive Landscape
ABB
Resideo Technologies
Legrand
BuildTrack
Hisense Group
LG Electronics
Smappee
Aprecomm
Home Energy Management
Growth Metrics
Revenue Forecast
Revenue Forecast by Region
Key Metrics of Devices and Systems
Home Automation and Control
Growth Metrics
Revenue Forecast
Revenue Forecast by Region
Key Metrics of Devices and Systems
Home Safety and Security
Growth Metrics
Revenue Forecast
Revenue Forecast by Region
Key Metrics of Devices and Systems
Home Entertainment
Growth Metrics
Revenue Forecast
Revenue Forecast by Region
Key Metrics of Devices and Systems
Health and Wellness
Growth Metrics
Revenue Forecast
Revenue Forecast by Region
Key Metrics of Devices and Systems
Growth Opportunity Universe
Growth Opportunity 1: AI-Driven Smart Home Personalization
Growth Opportunity 2: Intelligent Home Energy Management
Growth Opportunity 3: Smart Home-as-a-Service
Next Steps
Benefits and Impacts of Growth Opportunities
Next Steps
List of Exhibits
Legal Disclaimer

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