Smart Home

The Smart Home market in Asia is projected to experience substantial growth in the coming years.
According to estimates, the revenue in this market is expected to reach US$60.6bn by 2024.
Furthermore, it is anticipated that the market will continue to expand at an annual growth rate of 12.12% between 2024 and 2028, resulting in a projected market volume of US$95.8bn by 2028.
In terms of household adoption, the number of active households in the Smart Home market is predicted to reach [users_currentlayer_yearend] by 2028 in Asia.
This indicates a significant increase in the penetration of Smart Home market technology, with household penetration expected to rise from 17.2% in 2024 to 31.4% by 2028.
Currently, the average revenue per installed Smart Home market in Asia is estimated to be US$284.10.
This figure highlights the potential for revenue generation in this market segment.
When comparing global performance, United States leads the way in terms of revenue generation in the Smart Home market.
In 2024, United States is projected to generate US$38,800.0m in revenue, making it the highest revenue-generating country in this market segment.
In South Korea, the smart home market is booming, with a focus on integrating AI technology and voice control systems.

Key regions: United States, United Kingdom, Germany, Europe, Norway

The Smart Home market constitutes the sale of networked devices and related services that enable home automation for private end users (B2C). Considered are devices that are connected directly or indirectly via a so-called gateway to the Internet. Their main purposes are the control, monitoring and regulation of functions in a private household.

The remote control and monitoring of individual devices and, if applicable, their direct communication with one another (Internet of Things), is an essential component of intelligent home automation. Therefore, services which are necessary for the maintenance or control of the household network are also considered, e.g. subscription fees for control apps or external monitoring services.

Devices whose primary function is not the automation or remote control of household equipment, e.g. smartphones and tablets, are not included here. Similarly, devices that relate to household connection and remote control only to a limited extent, such as smart TVs, are not included either.

in-scope

Digitally connected and controlled devices within a house that can be remote controlled
Sensors, actuators and cloud services that support automation in any way
Control hubs to connect sensors and actuators with remote controls and to each other
B2C hardware and software sales as well as subscription fees

out-of-scope

Smart TVs
B2B/C2C sales of any kind (e.g. to hotels or office buildings)

Please wait

Download PDF FAQs and more info on the methodology

Smart Home - Asia

in-scope

out-of-scope

Methodology

Overview