Learn about the global smart homes market through The Business Research Company, which provides information on smart homes market size, smart homes market drivers and restraints, smart homes market players, the COVID-19 impact on the smart homes market, and more.

The global smart homes market is expected to grow from $76.95 billion in 2021 to $91.79 billion in 2022 at a compound annual growth rate (CAGR) of 19.3%. The global smart homes market size is expected to grow to $205.61 billion in 2026 at a CAGR of 22.3%.

The rising adoption of smart devices is driving the growth of the smart homes market.

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The smart homes market consists of sales of smart home solutions by entities (organizations, sole traders, and partnerships) that are defined as a system that connects with the appliances in the house for automating various tasks. Smart homes offer homeowners comfort, security, energy efficiency, and convenience by allowing them to control their smart devices. They are remotely controlled through a smart home app on the smartphone or various other networked devices.

Global Smart Homes Market Segments Include:

By Product: Lighting Control, Security and Access Control, Heating, Ventilation, and Air Conditioning (HVAC) Control, Entertainment Control and Other Controls, Smart Speaker, Home Healthcare, Smart Kitchen, Home Appliances, Smart Furniture

By Software And Services: Behavioural, Proactive

By Sales Channel: Direct, Indirect

By Technology: Wireless Technology, Cellular Network Technology

By Standards And Protocols: Wireless Protocols, Wired Protocols, Hybrid Protocols

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific is the largest region in the global smart homes market in 2021.

Technological advancements are shaping the smart homes market. Technological advancement is defined as the discovery of knowledge that advances technology and provides enhanced products to customers. New technologies such as IoT are being used to provide comfort and reliability to users.

TBRC’s Smart Homes Market Report Covers:

Major Market Players: Honeywell International Inc, Siemens AG, Johnson Controls International, Schneider Electric SE, United Technologies Corporation, Amazon Inc, Apple, Google, Robert Bosch GmbH, Samsung Electronics, LG Electronics, Sony Corporation, Control4 Corporation, Comcast Corporation, Lutron Electronics Co. Inc, Legrand SA, Smart home Inc, General Electric Company, Ingersoll-Rand PLC, Delta Controls, Axis Communications, Crestron Electronics, SimpliSafe, Armorax and Canary.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Smart Homes Global Market Report 2022  is one of a series of new reports from The Business Research Company that provides smart homes market overviews, analyzes and forecasts market size, share, smart homes market players, smart homes market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s smart homes market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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