Smart Home Market Size, Share, and Trends 2024 to 2034

The global smart home market size is accounted at USD 162.27 billion in 2025 and is forecasted to hit around USD 1,404.59 billion by 2034, representing a CAGR of 27.10% from 2025 to 2034. The North America smart home market size was estimated at USD 45.48 billion in 2024 and is expanding at a CAGR of 27.11% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : January 2025
  • Report Code : 2596
  • Category : ICT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Smart Home Market 

5.1. COVID-19 Landscape: Smart Home Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Smart Home Market, By Application

8.1. Smart Home Market, by Application

8.1.1. New Construction

8.1.1.1. Market Revenue and Forecast 

8.1.2. Retrofit

8.1.2.1. Market Revenue and Forecast 

Chapter 9. Global Smart Home Market, By Product

9.1. Smart Home Market, by Product

9.1.1. Light Control

9.1.1.1. Market Revenue and Forecast 

9.1.2. Security and Access Control

9.1.2.1. Market Revenue and Forecast 

9.1.3. HVAC Control

9.1.3.1. Market Revenue and Forecast 

9.1.4. Entertainment Control

9.1.4.1. Market Revenue and Forecast 

9.1.5. Smart Speaker

9.1.5.1. Market Revenue and Forecast 

9.1.6. Home Healthcare

9.1.6.1. Market Revenue and Forecast 

9.1.7. Smart Kitchen

9.1.7.1. Market Revenue and Forecast 

9.1.8. Home Appliances

9.1.8.1. Market Revenue and Forecast 

9.1.9. Home Furniture

9.1.9.1. Market Revenue and Forecast 

Chapter 10. Global Smart Home Market, By Sales Channel 

10.1. Smart Home Market, by Sales Channel

10.1.1. Direct

10.1.1.1. Market Revenue and Forecast 

10.1.2. Indirect

10.1.2.1. Market Revenue and Forecast 

Chapter 11. Global Smart Home Market, By Protocol 

11.1. Smart Home Market, by Protocol

11.1.1. Wired

11.1.1.1. Market Revenue and Forecast 

11.1.2. Wireless

11.1.2.1. Market Revenue and Forecast 

11.1.3. Hybrid

11.1.3.1. Market Revenue and Forecast 

Chapter 12. Global Smart Home Market, Regional Estimates and Trend Forecast

12.1. North America

12.1.1. Market Revenue and Forecast, by Application 

12.1.2. Market Revenue and Forecast, by Product 

12.1.3. Market Revenue and Forecast, by Sales Channel 

12.1.4. Market Revenue and Forecast, by Protocol 

12.1.5. U.S.

12.1.5.1. Market Revenue and Forecast, by Application 

12.1.5.2. Market Revenue and Forecast, by Product 

12.1.5.3. Market Revenue and Forecast, by Sales Channel 

12.1.5.4. Market Revenue and Forecast, by Protocol 

12.1.6. Rest of North America

12.1.6.1. Market Revenue and Forecast, by Application 

12.1.6.2. Market Revenue and Forecast, by Product 

12.1.6.3. Market Revenue and Forecast, by Sales Channel 

12.1.6.4. Market Revenue and Forecast, by Protocol 

12.2. Europe

12.2.1. Market Revenue and Forecast, by Application 

12.2.2. Market Revenue and Forecast, by Product 

12.2.3. Market Revenue and Forecast, by Sales Channel 

12.2.4. Market Revenue and Forecast, by Protocol 

12.2.5. UK

12.2.5.1. Market Revenue and Forecast, by Application 

12.2.5.2. Market Revenue and Forecast, by Product 

12.2.5.3. Market Revenue and Forecast, by Sales Channel 

12.2.5.4. Market Revenue and Forecast, by Protocol 

12.2.6. Germany

12.2.6.1. Market Revenue and Forecast, by Application 

12.2.6.2. Market Revenue and Forecast, by Product 

12.2.6.3. Market Revenue and Forecast, by Sales Channel 

12.2.6.4. Market Revenue and Forecast, by Protocol 

12.2.7. France

12.2.7.1. Market Revenue and Forecast, by Application 

12.2.7.2. Market Revenue and Forecast, by Product 

12.2.7.3. Market Revenue and Forecast, by Sales Channel 

12.2.7.4. Market Revenue and Forecast, by Protocol 

12.2.8. Rest of Europe

12.2.8.1. Market Revenue and Forecast, by Application 

12.2.8.2. Market Revenue and Forecast, by Product 

12.2.8.3. Market Revenue and Forecast, by Sales Channel 

12.2.8.4. Market Revenue and Forecast, by Protocol 

12.3. APAC

12.3.1. Market Revenue and Forecast, by Application 

12.3.2. Market Revenue and Forecast, by Product 

12.3.3. Market Revenue and Forecast, by Sales Channel 

12.3.4. Market Revenue and Forecast, by Protocol 

12.3.5. India

12.3.5.1. Market Revenue and Forecast, by Application 

12.3.5.2. Market Revenue and Forecast, by Product 

12.3.5.3. Market Revenue and Forecast, by Sales Channel 

12.3.5.4. Market Revenue and Forecast, by Protocol 

12.3.6. China

12.3.6.1. Market Revenue and Forecast, by Application 

12.3.6.2. Market Revenue and Forecast, by Product 

12.3.6.3. Market Revenue and Forecast, by Sales Channel 

12.3.6.4. Market Revenue and Forecast, by Protocol 

12.3.7. Japan

12.3.7.1. Market Revenue and Forecast, by Application 

12.3.7.2. Market Revenue and Forecast, by Product 

12.3.7.3. Market Revenue and Forecast, by Sales Channel 

12.3.7.4. Market Revenue and Forecast, by Protocol 

12.3.8. Rest of APAC

12.3.8.1. Market Revenue and Forecast, by Application 

12.3.8.2. Market Revenue and Forecast, by Product 

12.3.8.3. Market Revenue and Forecast, by Sales Channel 

12.3.8.4. Market Revenue and Forecast, by Protocol 

12.4. MEA

12.4.1. Market Revenue and Forecast, by Application 

12.4.2. Market Revenue and Forecast, by Product 

12.4.3. Market Revenue and Forecast, by Sales Channel 

12.4.4. Market Revenue and Forecast, by Protocol 

12.4.5. GCC

12.4.5.1. Market Revenue and Forecast, by Application 

12.4.5.2. Market Revenue and Forecast, by Product 

12.4.5.3. Market Revenue and Forecast, by Sales Channel 

12.4.5.4. Market Revenue and Forecast, by Protocol 

12.4.6. North Africa

12.4.6.1. Market Revenue and Forecast, by Application 

12.4.6.2. Market Revenue and Forecast, by Product 

12.4.6.3. Market Revenue and Forecast, by Sales Channel 

12.4.6.4. Market Revenue and Forecast, by Protocol 

12.4.7. South Africa

12.4.7.1. Market Revenue and Forecast, by Application 

12.4.7.2. Market Revenue and Forecast, by Product 

12.4.7.3. Market Revenue and Forecast, by Sales Channel 

12.4.7.4. Market Revenue and Forecast, by Protocol 

12.4.8. Rest of MEA

12.4.8.1. Market Revenue and Forecast, by Application 

12.4.8.2. Market Revenue and Forecast, by Product 

12.4.8.3. Market Revenue and Forecast, by Sales Channel 

12.4.8.4. Market Revenue and Forecast, by Protocol 

12.5. Latin America

12.5.1. Market Revenue and Forecast, by Application 

12.5.2. Market Revenue and Forecast, by Product 

12.5.3. Market Revenue and Forecast, by Sales Channel 

12.5.4. Market Revenue and Forecast, by Protocol 

12.5.5. Brazil

12.5.5.1. Market Revenue and Forecast, by Application 

12.5.5.2. Market Revenue and Forecast, by Product 

12.5.5.3. Market Revenue and Forecast, by Sales Channel 

12.5.5.4. Market Revenue and Forecast, by Protocol 

12.5.6. Rest of LATAM

12.5.6.1. Market Revenue and Forecast, by Application 

12.5.6.2. Market Revenue and Forecast, by Product 

12.5.6.3. Market Revenue and Forecast, by Sales Channel 

12.5.6.4. Market Revenue and Forecast, by Protocol 

Chapter 13. Company Profiles

13.1. Amazon

13.1.1. Company Overview

13.1.2. Product Offerings

13.1.3. Financial Performance

13.1.4. Recent Initiatives

13.2. Apple

13.2.1. Company Overview

13.2.2. Product Offerings

13.2.3. Financial Performance

13.2.4. Recent Initiatives

13.3. Honeywell

13.3.1. Company Overview

13.3.2. Product Offerings

13.3.3. Financial Performance

13.3.4. Recent Initiatives

13.4. Crestron Electronics

13.4.1. Company Overview

13.4.2. Product Offerings

13.4.3. Financial Performance

13.4.4. Recent Initiatives

13.5. Ooma

13.5.1. Company Overview

13.5.2. Product Offerings

13.5.3. Financial Performance

13.5.4. Recent Initiatives

13.6. Armorax

13.6.1. Company Overview

13.6.2. Product Offerings

13.6.3. Financial Performance

13.6.4. Recent Initiatives

13.7. SimpliSafe

13.7.1. Company Overview

13.7.2. Product Offerings

13.7.3. Financial Performance

13.7.4. Recent Initiatives

13.8. Canary

13.8.1. Company Overview

13.8.2. Product Offerings

13.8.3. Financial Performance

13.8.4. Recent Initiatives

Chapter 14. Research Methodology

14.1. Primary Research

14.2. Secondary Research

14.3. Assumptions

Chapter 15. Appendix

15.1. About Us

15.2. Glossary of Terms

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Frequently Asked Questions

The global smart home market size was valued at USD 127.67 billion in 2024 and it is projected to reach around USD 1,404.59 billion by 2034.

The global smart home market is poised to grow at a CAGR of 27.10% from 2025 to 2034.

The major players operating in the smart home market are Amazon, Apple, Honeywell, Crestron Electronics, Ooma, Armorax, SimpliSafe, Canary and other.

The driving factors of the smart home market are rapidly growing industrialization in developing countries has increased the demand for new commercial buildings and the rising population and urban infrastructure are other factors that boost the demand for new construction activities.

North America region will lead the global smart home market during the forecast period 2025 to 2034.

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