Automated Homes Market Size, Share, Trends and Analysis by Device Type, Region and Segment Forecast to 2030

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Published: March 17, 2023 Report Code: GRCBBR00027TC-BB

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How is ‘Automated home’ different from other reports in the market?

  • The report presents an in-depth market sizing information at a segment and sub-segment level for 15+ markets, including historical and forecast analysis for the period 2019-2030 for market assessment
  • Detailed segmentation by device type – smart speakers, smart thermostats, smart lighting, smart security, and smart appliances.
  • Detailed value chain analysis helping businesses identify areas where they can improve their efficiency and effectiveness, reduce costs, and enhance their competitive advantage.
  • Analysis of key technological and regulatory trends impacting the adoption of smart home devices at a global and regional level.
  • Latest trends and dynamics impacting and shaping the home automation industry including recent mergers and acquisitions, macroeconomic trends, and social media trends.
  • The competitive positioning and benchmarking of key players in the market on technology innovations, new product launches, and acquisitions.
  • Overview of key players in the market including operational performance metrics and strategic initiatives undertaken over the past three years. 

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Automated Homes Market Report Overview 

The automated homes market size will be valued at $84.9 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 12.0% over the forecast period. Automated homes incorporate a range of devices and appliances, including TVs, fridges, ovens, thermostats, and smart speakers. These devices connect through a platform or hub, allowing users to control them via an app or voice commands. The use of home automation devices offers benefits such as convenience, energy efficiency, improved security, and superior control over home appliances. These benefits are expected to act as a major factor influencing market growth.

Automated Homes Market Outlook, 2019-2030 ($ Billion)

Automated Homes Market Outlook, 2019-2030 ($ Billion)

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The COVID-19 pandemic had a significant impact on the adoption of home automation devices. With people spending more time at home and seeking to make their living spaces more comfortable and convenient, the demand for smart home devices surged significantly. The growth trend continued post pandemic as people experienced the benefits of these devices and got used to it. Additionally, the pandemic also increased the awareness of importance of hygiene & cleanliness, leading to the adoption of smart home devices that help with these tasks. For instance, smart air purifiers, smart vacuum cleaners, and smart washing machines are popular among homeowners seeking to maintain a clean and healthy living environment.

Over the coming years, energy efficiency is expected to be a critical factor driving adoption of smart home devices. Smart home devices can help users manage their energy consumption more efficiently, resulting in cost savings and reduced environmental impact. For instance, smart thermostats can learn users’ schedules and preferences and automatically adjust the temperature, accordingly, reducing energy waste. Similarly, smart lighting systems can turn off lights when a room is unoccupied, saving energy. As people become more aware of the importance of energy conservation, the demand for smart home devices is anticipated to grow over the coming years.

Growing technological advancements have made automated home devices more accessible and affordable, thereby promoting market growth. However, some customers are still reluctant using such devices considering these devices are privy to their personal data. While privacy concerns are challenging the adoption of automated home devices, manufacturers are taking steps to address these concerns and to improve the overall security and privacy of their products. As awareness of these issues grows and consumers become more comfortable with the technology, adoption of smart security devices is likely to increase.

Automated Homes Market Segmentation by Device Type

Based on the device type, the automated homes market has been categorized into smart speakers, smart thermostats, smart lighting, smart security, and smart appliances. Smart security devices such as door locks, surveillance cameras, and doorbells held a revenue share of 35% in 2022. Smart security devices offer several advantages over traditional security systems. They can be monitored and controlled remotely, allowing homeowners to keep an eye on their home even when they are away. They can also provide real-time alerts and notifications in the event of a security breach, enabling homeowners to take quick action and contact the authorities if necessary.

Automated Homes Market Share by Device Type, 2023 (%)

Automated Homes Market Share by Device Type, 2023 (%)

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With a compounded annual growth rate exceeding 25% from 2023 to 2023, the smart lighting segment is projected to record the fastest growth. The primary driver of smart lighting adoption is energy efficiency which also results in cost savings. Additionally, personalization and integration with smart home systems is also promote adoption of smart lighting systems. As technology continues to advance and prices continue to fall, it is likely that smart lighting systems will become even more popular among consumers.

Automated Homes Market Analysis by Region

The automated homes revenue share in North America in 2022 was more than 50% and is expected to the continue dominating the smart home devices market over the next seven years. The region is characterized by affluent consumers that are willing to adopt new technologies. As consumers continue to embrace smart devices and companies develop new and innovative products to meet their needs, the region is expected to continue its dominance in the market.

North America Automated Homes Market Share by Country, 2023 (%)

North America Automated Homes Market Share by Country, 2023 (%)

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Asia Pacific is anticipated to register a CAGR of 13.6% in the global automated homes market from 2023 to 2030. The region is home to some of the most populous countries in the world, that are rapidly moving towards urbanization. As cities in Asia Pacific become more crowded, the need for smart home devices that can make urban living more comfortable and convenient is increasing. Additionally, aging population that needs home healthcare and monitoring is on the rise, thereby promoting segmental growth.

Automated Homes Market - Competitive Landscape

Competition in the automated homes industry is characterized by the presence of different vendors operating across different device types. Companies operating in the market have strong hold in their respective solution offerings. For instance, Amazon.com Inc has a strong old in the smart speakers’ market, whereas the smart appliances segment is dominated by Samsung Electronics Co Ltd, BSH Home Appliances Corporation, and LG Electronics. Companies such as Google LLC, Amazon.com Inc, and Xiaomi have a solution offering across multiple layers of the value chain.

Leading Players in the Automated Homes Market

  • Alibaba Group Holding Ltd
  • com Inc
  • Apple Inc
  • Baidu Inc
  • Google LLC
  • Honeywell International Inc
  • Koninklijke Philips NV
  • NETGEAR Inc
  • Samsung Electronics Co Ltd
  • Sonos Inc
  • Wyze Labs Inc

Other Automated Homes Market Vendors Mentioned

ADT, Baidu, Cisco, Dell, Deutsche Telekom, D-Link, Generac (Ecobee), HPE, Huawei, IBM, Ikea, Lenovo, LG Electronics, LifeSmart, Logi Analytics, Meta, Microsoft, Netatamo, Qlik, Qualcomm, Rokid, SAP, SAS, SK Telecom, Snowflake, Sonos, Telefonica, Tencent, Toshiba, Verizon, Vodafone, Xiaomi, Xiaomi, and ZTE, among others.

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Automated Homes Market Research Overview

Market Size (2023) $84.9 billion
Market Size (2030) $188.1 billion
CAGR (2022-2030) 12.0%
Quantitative Units Revenue in $ Million/Billion and CAGR from 2023 to 2030
Forecast Period 2022-2030
Historic Period 2019-2021
Report Scope & Coverage Revenue Forecast, Competitive Index, and Growth Trends
Automated Homes Device Type Segment Smart Speakers, Smart Thermostats, Smart Lighting, Smart Security, and Smart Appliances
Key Companies Alibaba Group Holding Ltd, Amazon.com Inc, Apple Inc

Baidu Inc, Google LLC, Honeywell International Inc, Koninklijke Philips NV, NETGEAR Inc, Samsung Electronics Co Ltd, Sonos Inc, and Wyze Labs Inc

Automated Homes Market Scope

GlobalData Plc has segmented the automated homes market report by device type and region:

Automated Homes Device Type Outlook (Revenue, $ Million, 2019-2030)

  • Smart Speakers
  • Smart Thermostats
  • Smart Lighting
  • Smart Security
  • Smart Appliances

Automated Homes Regional Outlook (Revenue, $ Million, 2019-2030)

  • North America
    • US
    • Canada
  • Europe
    • France
    • Germany
    • Italy
    • Spain
    • United Kingdom
    • Rest of Europe
  • Asia Pacific
    • Australia
    • China
    • India
    • Japan
    • Singapore
    • Rest of Asia Pacific
  • South & Central America
    • Brazil
    • Mexico
    • Rest of South & Central America
  • Middle East & Africa

The market intelligence report provides an in-depth analysis of the following –

  • Automated homes market outlook: analysis as well as historical figures and forecasts of revenue opportunities for device type, and regional segments.
  • The competitive landscape: an examination of the positioning of leading players in the automated homes market.
  • Company profiles: analysis of the market position of leading vendors in the automated homes market.
  • Underlying assumptions behind our published base-case forecasts, as well as potential market developments that would alter, either positively or negatively, our base-case outlook.

Table of Contents

  • 01. Executive Summary

  • 1.1 Automated Homes Market Snapshot, 2019-2030

  • 02. Research Scope & Segmentation

  • 2.1 Automated Homes: Market Segmentation and Scope

  • 2.2 Market & Segment Definitions

  • 03. Market Overview

  • 04. Industry Trends Analysis

  • 4.1 Industry Value Chain Analysis

  • 4.2 Market Drivers & Challenges

  • 4.3 Technology Trends

  • 4.4 Macroeconomic Trends

  • 4.5 Regulatory Trends

  • 05. Automated Homes Revenue Opportunity & Forecast

  • 5.1 Global Automated Homes Market – Revenue Snapshot, 2019-2030 ($ Million)

  • 5.2 Global Automated Homes Market Size & Forecasts, by Region, 2019-2030 ($ Million)

  • 5.3 Global Automated Homes Market Size & Forecasts, by Device Type, 2019-2030 ($ Million)

  • 06. Automated Homes Revenue Opportunity & Forecasts By Region

  • 6.1 North America Automated Homes Market Size & Forecasts, 2019-2030 ($ Million)

    • 6.1.1 North America Automated Homes Market Size & Forecasts, by Device Type, 2019-2030 ($ Million)

    • 6.1.2 US Automated Homes Market Size & Forecasts, by Device Type, 2019-2030 ($ Million)

    • 6.1.3 Canada Automated Homes Market Size & Forecasts, by Device Type, 2019-2030 ($ Million)

  • 6.2 Europe Automated Homes Market Size & Forecasts, 2019-2030 ($ Million)

    • 6.2.1 Europe Automated Homes Market Size & Forecasts, by Device Type, 2019-2030 ($ Million)

    • 6.2.2 France Automated Homes Market Size & Forecasts, by Device Type, 2019-2030 ($ Million)

    • 6.2.3 Germany Automated Homes Market Size & Forecasts, by Device Type, 2019-2030 ($ Million)

    • 6.2.4 Italy Automated Homes Market Size & Forecasts, by Device Type, 2019-2030 ($ Million)

    • 6.2.5 Spain Automated Homes Market Size & Forecasts, by Device Type, 2019-2030 ($ Million)

    • 6.2.6 United Kingdom Automated Homes Market Size & Forecasts, by Device Type, 2019-2030 ($ Million)

    • 6.2.7 Rest of Europe Automated Homes Market Size & Forecasts, by Device Type, 2019-2030 ($ Million)

  • 6.3 Asia Pacific Automated Homes Market Size & Forecasts, 2019-2030 ($ Million)

    • 6.3.1 Asia Pacific Automated Homes Market Size & Forecasts, by Device Type, 2019-2030 ($ Million)

    • 6.3.2 Australia Automated Homes Market Size & Forecasts, by Device Type, 2019-2030 ($ Million)

    • 6.3.3 China Automated Homes Market Size & Forecasts, by Device Type, 2019-2030 ($ Million)

    • 6.3.4 India Automated Homes Market Size & Forecasts, by Device Type, 2019-2030 ($ Million)

    • 6.3.5 Japan Automated Homes Market Size & Forecasts, by Device Type, 2019-2030 ($ Million)

    • 6.3.6 Singapore Automated Homes Market Size & Forecasts, by Device Type, 2019-2030 ($ Million)

    • 6.3.7 Rest of Asia Pacific Automated Homes Market Size & Forecasts, by Device Type, 2019-2030 ($ Million)

  • 6.4 South & Central America Automated Homes Market Size & Forecasts, 2019-2030 ($ Million)

    • 6.4.1 South & Central America Automated Homes Market Size & Forecasts, by Device Type, 2019-2030 ($ Million)

    • 6.4.2 Brazil Automated Homes Market Size & Forecasts, by Device Type, 2019-2030 ($ Million)

    • 6.4.3 Mexico Automated Homes Market Size & Forecasts, by Device Type, 2019-2030 ($ Million)

    • 6.4.4 Rest of South & Central America Automated Homes Market Size & Forecasts, by Device Type, 2019-2030 ($ Million)

  • 6.5 Middle East & Africa Automated Homes Market Size & Forecasts, 2019-2030 ($ Million)

    • 6.5.1 Middle East & Africa Automated Homes Market Size & Forecasts, by Device Type, 2019-2030 ($ Million)

  • 07. Competitive Landscape

  • 7.1 Company Positioning

  • 7.2 Mergers & Acquisitions

  • 7.3 Company Profiles

    • 7.3.1 Overview

    • 7.3.2 Financial Performance

    • 7.3.3 Recent Developments & Innovations

Table

List of Tables

Table 1 List of Key Players by Device Type

Table 2 Device Layer: Leaders and Challengers

Table 3 Connectivity Layer: Leaders and Challengers

Table 4 Data Layer: Leaders and Challengers

Table 5 App Layer: Leaders and Challengers

Table 6 Technology Trends

Table 7 Macroeconomic Trends

Table 8 Regulatory Trends

Table 9 Company Positioning

Table 10 List of Key Mergers & Acquisitions

Figures

List of Figures

Fig 1 Automated Homes Market – Segmentation

Fig 2 Automated Homes – Industry Value Chain Analysis

Fig 3 Global Automated Homes Market – Revenue Opportunity Forecast, 2019-2030 ($ B)

Fig 4 Global Automated Homes Market By Region, 2019 – 2030 ($ M)

Fig 6 Global Automated Homes Market By Device Type, 2019 – 2030 ($ M)

Fig 8 North America Automated Homes Market By Device Type, 2019 – 2030 ($ M)

Fig 9 North America Automated Homes Market By Country, 2019 – 2030 ($ M)

Fig 10 US Automated Homes Market By Device Type, 2019 – 2030 ($ M)

Fig 11 Canada Automated Homes Market By Device Type, 2019 – 2030 ($ M)

Fig 12 Europe Automated Homes Market By Device Type, 2019 – 2030 ($ M)

Fig 13 Europe Automated Homes Market By Country, 2019 – 2030 ($ M)

Fig 14 UK Automated Homes Market By Device Type, 2019 – 2030 ($ M)

Fig 15 Germany Automated Homes Market By Device Type, 2019 – 2030 ($ M)

Fig 16 France Automated Homes Market By Device Type, 2019 – 2030 ($ M)

Fig 17 Austria Automated Homes Market By Device Type, 2019 – 2030 ($ M)

Fig 18 Italy Automated Homes Market By Device Type, 2019 – 2030 ($ M)

Fig 19 Spain Automated Homes Market By Device Type, 2019 – 2030 ($ M)

Fig 20 Rest of Europe Automated Homes Market By Device Type, 2019 – 2030 ($ M)

Fig 21 Asia Pacific Automated Homes Market By Device Type, 2019 – 2030 ($ M)

Fig 22 Asia Pacific Automated Homes Market By Country, 2019 – 2030 ($ M)

Fig 23 China Automated Homes Market By Device Type, 2019 – 2030 ($ M)

Fig 24 India Automated Homes Market By Device Type, 2019 – 2030 ($ M)

Fig 25 Japan Automated Homes Market By Device Type, 2019 – 2030 ($ M)

Fig 26 Australia Automated Homes Market By Device Type, 2019 – 2030 ($ M)

Fig 27 Singapore Automated Homes Market By Device Type, 2019 – 2030 ($ M)

Fig 28 Rest of Asia Pacific Automated Homes Market By Device Type, 2019 – 2030 ($ M)

Fig 29 Central and South America Automated Homes Market By Device Type, 2019 – 2030 ($ M)

Fig 30 Central and South America Automated Homes Market By Country, 2019 – 2030 ($ M)

Fig 31 Brazil Automated Homes Market By Device Type, 2019 – 2030 ($ M)

Fig 32 Mexico Automated Homes Market By Device Type, 2019 – 2030 ($ M)

Fig 33 Rest of Central and South America Automated Homes Market By Device Type, 2019 – 2030 ($ M)

Fig 34 Middle East and Africa Automated Homes Market By Device Type, 2019 – 2030 ($ M)

Frequently asked questions

  • What will be the automated homes market size in 2023?

    The automated homes market size will be valued at $84.9 billion in 2023.

  • What will be the automated homes market size in 2030?

    The automated homes market size is expected to reach $188.1 billion by 2030.

  • What is the automated homes market growth rate?

    The automated homes market is expected to grow at a CAGR of 12.0% during the forecast period (2023-2030).

  • What are the key automated homes market drivers?

    Growing IoT penetration, ability to reduce energy suage, improve convenience, provide enhanced security, and technologically advanced solutions is anticipated to drive the automated homes market.

  • What are the key automated homes market segments?

    Device Type Segments: Smart Speakers, Smart Thermostats, Smart Lighting, Smart Security, and Smart Appliances

  • Which are the leading automated homes companies?

    Some of the leading automated homes companies are Alibaba Group Holding Ltd, Amazon.com Inc, Apple Inc, Baidu Inc, Google LLC, Honeywell International Inc, Koninklijke Philips NV, NETGEAR Inc, Samsung Electronics Co Ltd, Sonos Inc, and Wyze Labs Inc.

  • Is there a third level of segmentation in the report?

    GlobalData’s focus is on providing reliable and accurate data that is supported by robust research methodology. Our reports undergo rigorous quality checks and are based on primary and secondary research sources, ensuring that the numbers and insights provided are trustworthy.  However, despite the best efforts to gather comprehensive data, there could be instances where the available data is limited, making it challenging to provide third level segmentation. In such cases, GlobalData may choose to provide high-level insights and general trends rather than forcing segmentation that may not be backed by sufficient data. This approach ensures that the report’s overall quality and credibility are maintained.

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