Lucintel Forecasts Smart Home Market to Reach $372 billion by 2030
Lucintel Forecasts Smart Home Market to Reach $372 billion by 2030
Blog Article
According to the recent study the Smart Home Market is projected to reach an
estimated $372 billion by 2030 from $105.9 billion in 2023, at a CAGR of 20% from
2023 to 2030. Growth in this market is primarily driven by increasing awareness
related to safety and security, increasing consumer need for simplicity and
personalized experience, and the growing adoption of cloud-based technologies.
Browse 89 figures / charts and 87 tables in this 182 -page report to understand
trends, opportunities and forecast in smart home market by application (safety and
security, home appliances, entertainment control, lighting, HVAC control, home
healthcare, smart kitchen, and others), product and service type (products and
services), technology (wired and wireless), and region (North America, Europe, Asia
Pacific, and the Rest of the World).
Lucintel forecasts that the safety and security market is expected to remain the
largest application segment due to the increasing need for continuous monitoring
services to reduce the risk of crime, burglary, and theft.
Wireless is expected to remain the largest technology segment. It is also expected to
witness the highest growth over the forecast period due to the increasing demand for
Zigbee in healthcare and safety & security applications.
Download sample by clicking on Smart Home Market
Asia Pacific is expected to be the largest region with the highest growth over the
forecast period due to the increasing adoption of cloud-based technologies and
increasing awareness related to safety and security.
Honeywell, ADT, Corporation, Control4, Raytheon Technologies, Siemens AG,
Philips, Acuity Brands, and Vivint Inc are the major suppliers in the smart home
market.
This unique research report will enable you to make confident business decisions in
this globally competitive marketplace. For a detailed table of contents, contact
Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com To get access of
more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and
robust market & unmet needs analysis. We are based in Dallas, TX and have been a
trusted advisor for 1,000+ clients for over 20 years. We are quoted in several
publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
Explore Our Latest Publications
Aerospace Sheet Distribution Market
Aircraft Window Frame Market
Airport Fueling Equipment Market
Aviation Cyber Security Market
Aviation Emission Control Market
Aviation Freight & Cargo Market