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

The global smart home hardware market size was USD 70.88 billion in 2023, estimated at USD 81.04 billion in 2024 and is anticipated to reach around USD 309.23 billion by 2034, expanding at a CAGR of 14.33% from 2024 to 2034.

  • Last Updated : August 2024
  • Report Code : 4854
  • Category : Semiconductor and Electronic

Smart Home Hardware Market

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

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 Hardware Market 

5.1. COVID-19 Landscape: Smart Home Hardware 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 Hardware Market, By Type

8.1. Smart Home Hardware Market Revenue and Volume, by Type, 2024-2034

8.1.1. control & connectivity devices

8.1.1.1. Market Revenue and Volume Forecast (2021-2034)

8.1.2. security & surveillance equipment

8.1.2.1. Market Revenue and Volume Forecast (2021-2034)

8.1.3. smart appliances

8.1.3.1. Market Revenue and Volume Forecast (2021-2034)

Chapter 9. Global Smart Home Hardware Market, Regional Estimates and Trend Forecast

9.1. North America

9.1.1. Market Revenue and Volume Forecast, by Type (2021-2034)

9.1.2. U.S.

9.1.2.1. Market Revenue and Volume Forecast, by Type (2021-2034)

9.1.3. Rest of North America

9.1.3.1. Market Revenue and Volume Forecast, by Type (2021-2034)

9.2. Europe

9.2.1. Market Revenue and Volume Forecast, by Type (2021-2034)

9.2.2. UK

9.2.2.1. Market Revenue and Volume Forecast, by Type (2021-2034)

9.2.3. Germany

9.2.3.1. Market Revenue and Volume Forecast, by Type (2021-2034)

9.2.4. France

9.2.4.1. Market Revenue and Volume Forecast, by Type (2021-2034)

9.2.5. Rest of Europe

9.2.5.1. Market Revenue and Volume Forecast, by Type (2021-2034)

9.3. APAC

9.3.1. Market Revenue and Volume Forecast, by Type (2021-2034)

9.3.2. India

9.3.2.1. Market Revenue and Volume Forecast, by Type (2021-2034)

9.3.3. China

9.3.3.1. Market Revenue and Volume Forecast, by Type (2021-2034)

9.3.4. Japan

9.3.4.1. Market Revenue and Volume Forecast, by Type (2021-2034)

9.3.5. Rest of APAC

9.3.5.1. Market Revenue and Volume Forecast, by Type (2021-2034)

9.4. MEA

9.4.1. Market Revenue and Volume Forecast, by Type (2021-2034)

9.4.2. GCC

9.4.2.1. Market Revenue and Volume Forecast, by Type (2021-2034)

9.4.3. North Africa

9.4.3.1. Market Revenue and Volume Forecast, by Type (2021-2034)

9.4.4. South Africa

9.4.4.1. Market Revenue and Volume Forecast, by Type (2021-2034)

9.4.5. Rest of MEA

9.4.5.1. Market Revenue and Volume Forecast, by Type (2021-2034)

9.5. Latin America

9.5.1. Market Revenue and Volume Forecast, by Type (2021-2034)

9.5.2. Brazil

9.5.2.1. Market Revenue and Volume Forecast, by Type (2021-2034)

9.5.3. Rest of LATAM

9.5.3.1. Market Revenue and Volume Forecast, by Type (2021-2034)

Chapter 10. Company Profiles

10.1. Google LLC,

10.1.1. Company Overview

10.1.2. Product Offerings

10.1.3. Financial Performance

10.1.4. Recent Initiatives

10.2. Amazon. Com Inc.

10.2.1. Company Overview

10.2.2. Product Offerings

10.2.3. Financial Performance

10.2.4. Recent Initiatives

10.3. Honeywell Corporation Inc.

10.3.1. Company Overview

10.3.2. Product Offerings

10.3.3. Financial Performance

10.3.4. Recent Initiatives

10.4. Schneider Electric SE

10.4.1. Company Overview

10.4.2. Product Offerings

10.4.3. Financial Performance

10.4.4. Recent Initiatives

10.5. Johnson Control Inc.

10.5.1. Company Overview

10.5.2. Product Offerings

10.5.3. Financial Performance

10.5.4. Recent Initiatives

10.6. ABB Ltd.

10.6.1. Company Overview

10.6.2. Product Offerings

10.6.3. Financial Performance

10.6.4. Recent Initiatives

10.7. Legrand

10.7.1. Company Overview

10.7.2. Product Offerings

10.7.3. Financial Performance

10.7.4. Recent Initiatives

10.8. Panasonic Corporation

10.8.1. Company Overview

10.8.2. Product Offerings

10.8.3. Financial Performance

10.8.4. Recent Initiatives

10.9. Samsung Electronics Co. Ltd.

10.9.1. Company Overview

10.9.2. Product Offerings

10.9.3. Financial Performance

10.9.4. Recent Initiatives

10.10. General Electric Company

10.10.1. Company Overview

10.10.2. Product Offerings

10.10.3. Financial Performance

10.10.4. Recent Initiatives

Chapter 11. Research Methodology

11.1. Primary Research

11.2. Secondary Research

11.3. Assumptions

Chapter 12. Appendix

12.1. About Us

12.2. Glossary of Terms

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Frequently Asked Questions

The global smart home hardware market size is expected to increase USD 309.23 billion by 2034 from USD 70.88 billion in 2023.

The global smart home hardware market will register growth rate of 14.33% between 2024 and 2034.

The major players operating in the smart home hardware market are Google LLC, Amazon. Com Inc., Honeywell Corporation Inc., Schneider Electric SE, Johnson Control Inc., ABB Ltd., Legrand, Panasonic Corporation, Samsung Electronics Co. Ltd., General Electric Company, and Others.

The driving factors of the smart home hardware market are the enhanced security with the help of innovative technology and adoption of smart infrastructure home.

North America region will lead the global smart home hardware market during the forecast period 2024 to 2034.

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