Press release
Global Smart Home Devices Market Projected to Double by 2030
The global smart home devices market, valued at USD 103 billion in 2023, is projected to grow at a compound annual growth rate (CAGR) of 10.4%, reaching approximately USD 205.88 billion by 2030. This growth is driven by increasing consumer preference for home automation, advancements in Internet of Things (IoT) technologies, and the rising adoption of energy-efficient systems.
Curious to peek inside? Grab your sample copy of this report now:https://www.maximizemarketresearch.com/request-sample/145908/
Competitive Landscape
The market features prominent players such as Honeywell (US), Siemens (Germany), Johnson Controls (Ireland), Schneider Electric (France), ASSA ABLOY (Sweden), Amazon (US), Apple (US), ADT (US), ABB (Switzerland), Robert Bosch (Germany), Sony (Japan), and Samsung Electronics (South Korea). These companies are actively enhancing their product portfolios and engaging in strategic partnerships to strengthen their market positions.
Regional Demand Insights
North America holds the largest share in the smart home devices market, attributed to high disposable incomes, technological advancements, and a strong inclination toward home automation and security solutions. The region's consumers are increasingly adopting devices like smart speakers, security systems, and energy management solutions.
Intrigued to explore the contents? Secure your hands-on sample copy of the report:https://www.maximizemarketresearch.com/request-sample/145908/
Country-Specific Developments
Vietnam: Opportunities in Emerging Smart Home Market
Vietnam's growing middle class and rapid urbanization present significant opportunities for smart home device manufacturers. Local startups and international companies are exploring collaborations to introduce affordable and tailored smart home solutions to cater to the Vietnamese market.
Thailand: Trends in Smart Security Solutions
In Thailand, there is a rising trend toward adopting smart security solutions, including surveillance cameras and automated access controls. Consumers are increasingly prioritizing home security, driving demand for advanced smart home devices.
Japan: Growth in IoT-Enabled Appliances
Japan's market is experiencing growth in IoT-enabled appliances, with companies like Sony and Panasonic developing innovative products that integrate seamlessly into smart home ecosystems. The emphasis is on enhancing user convenience and energy efficiency.
South Korea: Consolidation in Smart Home Technology Sector
South Korea's smart home technology sector is witnessing consolidation, with major players like Samsung Electronics expanding their portfolios through acquisitions and partnerships. This strategy aims to offer comprehensive smart home solutions and maintain a competitive edge.
Singapore: Updation of Smart Home Infrastructure
Singapore is focusing on updating its smart home infrastructure as part of its Smart Nation initiative. The government's support for IoT integration and smart living solutions is encouraging both local and international companies to invest in the market.
United States: Expansion through Strategic Acquisitions
In the United States, companies like Amazon and Google are expanding their smart home offerings through strategic acquisitions. For instance, Amazon's acquisition of Ring has strengthened its position in the smart security segment.
China: Opportunities in Smart Appliance Manufacturing
China's robust manufacturing capabilities present opportunities in producing smart appliances. Companies are focusing on developing cost-effective and innovative products to cater to both domestic and international markets.
Europe: Trends in Energy-Efficient Smart Homes
Europe is observing a trend toward energy-efficient smart homes, driven by stringent regulations and consumer awareness. Companies are developing products that comply with energy standards and promote sustainable living.
Interested to take a sneak peek? Request a sample copy of the report to see what's inside:https://www.maximizemarketresearch.com/request-sample/145908/
Smart Home Devices Market Segmentation
by Product Type
Lighting Control
Security & Access Control
HVAC Control
Smart Speaker
Smart Kitchen
Smart Furniture
by Sales Channel
Direct
Indirect
by Software & Services
Behavioral
Proactive
For deeper market insights, peruse the summary of the research report: https://www.maximizemarketresearch.com/market-report/smart-home-devices-market/145908/
Smart Home Devices Market Key Players
1. Honeywell (US)
2. Siemens (Germany)
3. Johnson Controls (Ireland)
4. Schneider Electric (France)
5. ASSA ABLOY (Sweden)
6. Amazon (US)
7. Apple (US)
8. ADT (US)
9. ABB (Switzerland)
10. Robert Bosch (Germany
11. Sony (Japan)
12. Samsung Electronics (South Korea)
13. Crestron Electronics (US)
14. Legrand (France)
15. Others
► Get Market Research Latest Trends :
OLED Market https://www.maximizemarketresearch.com/market-report/global-oled-market/7220/
Foldable Display Market https://www.maximizemarketresearch.com/market-report/global-foldable-display-market/65149/
Global Time-of-Flight (ToF) Sensor Market https://www.maximizemarketresearch.com/market-report/global-time-of-flight-tof-sensor-market/90154/
Global Application Specific Integrated Circuits Market(ASIC) https://www.maximizemarketresearch.com/market-report/global-application-specific-integrated-circuits-market-asic/16493/
Global Infrared Sensors Market https://www.maximizemarketresearch.com/market-report/global-infrared-sensors-market/6839/
Global PoE Injectors Market https://www.maximizemarketresearch.com/market-report/global-poe-injectors-market/39273/
Global Fine Pixel Pitch LED Displays Market https://www.maximizemarketresearch.com/market-report/global-fine-pixel-pitch-led-displays-market/23375/
Image Signal Processor Market https://www.maximizemarketresearch.com/market-report/global-image-signal-processor-market/63401/
Commercial Satellite Broadband Market https://www.maximizemarketresearch.com/market-report/global-commercial-satellite-broadband-market/66475/
Global Motor Driver ICs Market https://www.maximizemarketresearch.com/market-report/global-motor-driver-ics-market/86789/
Contact Maximize Market Research:
3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
sales@maximizemarketresearch.com
+91 96071 95908, +91 9607365656
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Smart Home Devices Market Projected to Double by 2030 here
News-ID: 3956264 • Views: …
More Releases from MAXIMIZE MARKET RESEARCH PVT. LTD.
Smart Card Market : A Look at the Industry's Advancements and Opportunities
Global Smart Card Market size was valued at USD 15.05 Bn in 2023 and is expected to reach USD 19.94 Bn by 2030, at a CAGR of 4.1%.
The Smart Card Market is evolving rapidly as businesses and governments seek more secure and efficient methods of identification, payment, and access control. Smart cards are increasingly integrated with contactless and NFC technologies, enhancing convenience for end-users in applications ranging from banking and…
Oat Milk Market: Addressing Challenges in Application Techniques and Equipment.
The Oat Milk Market size was valued at USD 3.22 Billion in 2024 and the total Oat Milk revenue is expected to grow at a CAGR of 12.5% from 2025 to 2032, reaching nearly USD 8.27 Billion.
The oat milk market is witnessing a surge in popularity as consumers increasingly shift toward plant-based alternatives driven by health, sustainability, and ethical considerations. Oat milk is celebrated for its creamy texture, neutral taste,…
Analyzing India Mica Market : SWOT Analysis and Industry Forecast
India Mica Market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 724.05 Mn. by 2030.
The India Mica Market is witnessing growing attention due to its diverse applications across industries such as electronics, automotive, construction, and cosmetics. Mica's exceptional thermal and electrical insulation properties make it a crucial material in manufacturing capacitors, paints, and decorative products. Additionally, the increasing demand for eco-friendly and…
Automotive Interior Market: Factors Influencing Consumer Buying Behavior
Global Automotive Interior Market size was valued at USD 175.17 Bn. in 2024 and the total revenue is expected to grow at 5.7% of (CAGR) from 2025 to 2032, reaching USD 272.94 Bn.
The Automotive Interior Market is witnessing a transformative phase as consumer demand shifts toward enhanced comfort, safety, and aesthetic appeal. Advanced materials, including lightweight composites and eco-friendly polymers, are being integrated into dashboards, seats, and door panels, improving…
More Releases for Smart
Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order…
Internet of Things (IoT) Devices Market By Type (Computing Devices, Smart Media, …
On a global scale, the Internet of Things (IoT) Devices market is currently showing significant development. The innovative methods and market study have helped many of the major players Samsung Electronics, Apple, Lenovo, ASUS, Acer, Huawei, Coolpad, LG Electronics, Google, Panasonic, Microsoft, Brother Industries, Honeywell, Fitbit, Lenovo to carve a name for themselves in the competitive global market. The Internet of Things (IoT) Devices market is experiencing a massive growth…
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview
The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands also has great examples of emerging…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
The global smart city transformation is underway
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands…
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency…
