Smart Home

  • China
  • Revenue in the Smart Home market is projected to reach US$25,067m in 2022.
  • Revenue is expected to show an annual growth rate (CAGR 2022-2026) of 15.93%, resulting in a projected market volume of US$45,271m by 2026.
  • In the Smart Home market, the number of active households is expected to amount to 142.1m users by 2026.
  • Household penetration will be 16.6% in 2022 and is expected to hit 29.4% by 2026.
  • The average revenue per installed Smart Home currently is expected to amount to US$319.65.
  • A global comparison reveals that most revenue is generated in the United States (US$33,659m in 2022).
  • In the year 2021 a share of 35.1% of users is in the medium income group.
  • In the year 2021 a share of 33.1% of users is 25-34 years old.
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