Smart Homes Market Growth, Demand and Challenges of the Key Industry Players 2024-2032
                     Global Smart Homes 
Market Research and 
Forecast Report 2024-
2032
Format: PDF+EXCEL
© 2023 IMARC All Rights Reserved 
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t ransform thei r  bus inesses.
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developments  for  bus iness leaders  in  pharmaceut ica l ,  indust r ia l ,  and h igh technology 
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chemicals ,  food and beverage,  t ravel  and tour ism, nanotechnology and novel  process ing methods 
are at  the top of  the company’s  exper t ise.
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achieve unmatchable compet i t ive advantage,  bui ld  more pro f ic ient  organizat ions,  and secure 
las t ing resul ts .
Accord ing  t o  t he  l a tes t  r epo r t  by  IMARC Group ,  t i t l ed  "Smar t  Homes Market :  
G loba l  I ndust ry  T rends ,  Share ,  S ize ,  Grow th ,  Opportun i ty  and  Forecast  2024-
2032, "  t he  g loba l  sm ar t  homes  marke t  s i ze  reached US$  123. 8  B i l l i on  in  2023 .
Smar t  homes  re f e r  t o  househo ld  se tups  fu rn ished w i t h  in te rne t -enab led  
Report app l iances  tha t  a re  remote ly  con t ro l led  th rough  a  ne tworked  dev ice .  They  i nc lude  
home en te r t a i nment ,  ven t i l a t ion ,  hea t ing ,  and  a i r  cond i t i on ing  (HVAC)  and  
secur i t y  sys t ems .  They  a l l ow  homeowners  to  mon i to r ,  con t ro l ,  and  au tom at e  
Highlight and numerous  f unc t ions ,  sys tems ,  and  app l iances  w i th  smar tphones  o r  t ab le t s  w i th  an  
in t e rne t  connec t i on .  
Description They  he lp  enhance  app l iance  f unc t iona l i t y ,  cen t ra l i ze  ope ra t iona l  con t ro l ,  
i nc rease energy  e f f i c i ency ,  and  manage home secu r i t y .  I n  recent  yea rs ,  smar t  
homes  have ga ined momentum as  they  o f f e r  rea l - t ime  surve i l l ance  and mot ion  
de tec t ion  and  p rov ide  a le r t s  du r ing  l eakage and  f lood ing .
Request  fo r  a  PDF  sample  o f  th i s  repor t :  
ht tps : / / www. imarcgroup .com/smar t -homes -marke t / reques tsam ple
Report Description
G lo b a l  S m a r t  H o m e s  M a r k e t  T r e n d s :
O n e  o f  t h e  p r i m a r y  f a c to r s  d r i v i n g  t h e  m a r k e t  i s  m i n i m i z e d  c a r b o n  e m i s s i o n s ,  a n d  t h e  r i s i n g  e m p h a s i s  o n  e n e r g y  c o n s e r v a t i o n .  
A d d i t i o n a l l y ,  t h e  g r o w i n g  a d o p t i o n  o f  h o m e  s a fe t y  a n d  m o n i t o r i n g  s y s te m s ,  i n c l u d i n g  v i d e o  d o o r  a l a r m s ,  s e c u r i t y  c a m e r a s ,  u l t r a -
m o d e r n  b u r g l a r  a l a r m s ,  f a c i a - r e c o g n i t i o n  d e v i c e s ,  a n d  r e mo te - c o n t r o l l e d  l o c k s ,  i s  c o n t r i b u t i n g  t o  t h e  m a r k e t  g r o w t h .  O t h e r  t h a n  
t h i s ,  t h e  i n t e g r a t i o n  o f  t h e  I n t e r n e t  o f  T h i n g s  ( I o T )  i n  s m a r t  h o m e s  t o  o f f e r  c o m f o r t  a n d  r e l i a b i l i t y  t o  u s e r s ,  i mp r o v e  f l e x i b i l i t y  a n d  
s e c u r i t y ,  a n d  e n h a n c e  e f f i c i e n c y  w h i l e  s a v i n g  e n e r g y  i s  p o s i t i v e l y  i n f l u e n c i n g  t h e  m a r k e t  g r o w t h .  
B e s i d e s  t h i s ,  t h e  i m p r o v i n g  l i v i n g  s t a n d a r d s  a n d  t h e  e a s y  a c c e s s i b i l i t y  o f  a f f o r d a b l e  h o m e  a u t o m a t i o n  s o l u t i o n s  a r e  c a t a l y z i n g  t h e  
m a r k e t  g r o w th .  I n  l i n e  w i t h  t h i s ,  v a r i o u s  i n i t i a t i v e s  u n d e r t a k e n  b y  g o v e r n m e n t s  o f  d i f f e r e n t  c o u n t r i e s  t o  p r o m o t e  s m a r t  h o m e  
d e v i c e s  t o  s a v e  e n e r g y ,  e x p a n d i n g  i n c o m e  l e v e l s ,  a n d  t h e  e x te n s i v e  a d o p t i o n  o f  w i r e l e s s  c o m m u n i c a t i o n  t e c h n o l o g i e s ,  s u c h  a s  
B l u e t o o t h ,  W i - f i ,  f i f t h - g e n e r a t i o n  ( 5 G ) ,  a n d  n e a r  f i e l d  c o m mu n i c a t i o n  ( N F C ) ,  a r e  s o m e  o f  t h e  o t h e r  f a c t o r s  c r e a t i n g  a  p o s i t i v e  
m a r k e t  o u t l o o k .
L o o k in g  f o r w a r d ,  IM A R C  G r o u p  e x p e c t s  t h e  m a r k e t  v a l u e  t o  r e a c h  U S $  3 4 5 . 6  B i l l i o n  b y  2 0 3 2 ,  e x p a n d i n g  a t  a  C A G R  o f  
1 0 . 8 7 %  d u r in g  t h e  f o r e c a s t  p e r i o d  ( 2 0 2 4 - 2 0 3 2 ) .
V ie w  R e p o r t  T O C ,  F i g u r e s  a n d  T a b l e s :  h t t p s : / / w w w . i m a r c g r o u p . c o m / s m a r t - h o m e s - m a r k e t
Breakup by Component:
• Hardware
o Secur i ty
o Home Automation
o Home Entertainment
o Home Healthcare
• Smart Appl iances
Report • AI Speaker
• Services
Segmentation
o Energy Consumption and Management 
Services
o Secur i ty Services
o Healthcare Services
o Entertainment Services
 
Breakup by Application:
• Secur i ty and Survei l lance
• Lighting
• Entertainment
• Energy Management
• HVAC
• Smart Kitchen
• Home Fitness and Wel lness
Report 
Breakup by Region:
Segmentation
• North America
• Asia-Pacifi c
• Europe
• Latin America
• Middle East and Afr ica
• ABB Ltd
• Amazon.com Inc.
• Emerson Electric Co.
Competitive • Honeywel l  International  Inc.
• LG Electronics Inc.
Landscape 
• Lutron Electronics Co. Inc.
with Key • Microsoft  Corporation
Players • Robert Bosch GmbH
• Schneider Electr ic SE
What was the size of the global smart homes 
market in 2023?
What is the expected growth rate of the global 
smart homes market during 2024-2032?
What are the key factors driving the global smart 
Key homes market?
Questions What has been the impact of COVID-19 on the 
global smart homes market?
Answered in 
What is the breakup of the global smart homes 
the Report market based on component?
What is the breakup of the global smart homes 
market based on the application?
What are the key regions in the global smart homes 
market?
Who are the key players/companies in the global 
smart homes market?
1     P r e f a c e
2     S c o p e  a n d  M e t h o d o l o g y
    2 . 1     O b j e c t i v e s  o f  t h e  S t u d y
    2 . 2     S t a k e h o l d e r s
    2 . 3     D a t a  S o u r c e s
        2 . 3 . 1     P r i m a r y  S o u r c e s
        2 . 3 . 2     S e c o n d a r y  S o u r c e s
    2 . 4     M a r k e t  E s t i m a t i o n
Table of         2 . 4 . 1     B o t t o m - U p  A p p r o a c h        2 . 4 . 2     T o p - D o w n  A p p r o a c h
    2 . 5     F o r e c a s t i n g  M e t h o d o l o g y
3     E x e c u t i v e  S u m m a r y
4     I n t r o d u c t i o n
Contents     4 . 1     O v e r v i e w    4 . 2     K e y  I n d u s t r y  T r e n d s
5     G l o b a l  S m a r t  H o m e s  M a r k e t
    5 . 1     M a r k e t  O v e r v i e w
    5 . 2     M a r k e t  P e r f o r m a n c e
    5 . 3     I m p a c t  o f  C O V I D - 1 9
    5 . 4     M a r k e t  F o r e c a s t
6      M a r k e t  B r e a k u p  b y  C o m p o n e n t
    6 . 1     H a r d w a r e
        6 . 1 . 1  M a r k e t  T r e n d s
        6 . 1 . 2  K e y  S e g m e n t s
           6 . 1 . 2 . 1  S e c u r i t y
           6 . 1 . 2 . 2  H o m e  A u t o m a t i o n
           6 . 1 . 2 . 3  H o m e  E n t e r t a i n m e n t
           6 . 1 . 2 . 4  H o m e  H e a l t h c a r e
        6 . 1 . 3  M a r k e t  F o r e c a s t
    6 . 2     S m a r t  A p p l i a n c e s
       
        6 . 2 . 1  M a r k e t  T r e n d s
        6 . 2 . 2  M a r k e t  F o r e c a s t
    6 . 3     A I  S p e a k e r
        6 . 3 . 1  M a r k e t  T r e n d s
        6 . 3 . 2  M a r k e t  F o r e c a s t
    6 . 4     S e r v i c e s
        6 . 4 . 1  M a r k e t  T r e n d s
        6 . 4 . 2  K e y  S e g m e n t s
           6 . 4 . 2 . 1  E n e r g y  C o n s u m p t i o n  a n d  M a n a g e m e n t  S e r v i c e s
           6 . 4 . 2 . 2  S e c u r i t y  S e r v i c e s
           6 . 4 . 2 . 3  H e a l t h c a r e  S e r v i c e s
           6 . 4 . 2 . 4  E n t e r t a i n m e n t  S e r v i c e s
Table of         6 . 4 . 3  M a r k e t  F o r e c a s t
7    M a r k e t  B r e a k u p  b y  A p p l i c a t i o n
    7 . 1     S e c u r i t y  a n d  S u r v e i l l a n c e
Contents         7 . 1 . 1  M a r k e t  T r e n d s        7 . 1 . 2  M a r k e t  F o r e c a s t
    7 . 2     L i g h t i n g
        7 . 2 . 1  M a r k e t  T r e n d s
        7 . 2 . 2  M a r k e t  F o r e c a s t
    7 . 3     E n t e r t a i n m e n t
        7 . 3 . 1  M a r k e t  T r e n d s
        7 . 3 . 2  M a r k e t  F o r e c a s t
    7 . 4     E n e r g y  M a n a g e m e n t
        7 . 4 . 1  M a r k e t  T r e n d s
        7 . 4 . 2  M a r k e t  F o r e c a s t
    7 . 5     H V A C
        7 . 5 . 1  M a r k e t  T r e n d s
        7 . 5 . 2  M a r k e t  F o r e c a s t     
F o r  m o r e  i n f o r m a t i o n ,  v i s i t :  
ht t ps : / /w ww. i ma rc gro up . c o m /s m a r t -ho m es -m a rke t / t o c
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