Revenue in the Control & Connectivity segment is projected to reach US$25.32bn in 2022.
Revenue is expected to show an annual growth rate (CAGR 2022-2026) of 14.18%, resulting in a projected market volume of US$43.04bn by 2026.
In the Control & Connectivity segment, the number of active households is expected to amount to 389.8m users by 2026.
Household penetration will be 6.8% in 2022 and is expected to hit 17.0% by 2026.
The average revenue per installed Smart Home currently is expected to amount to US$170.70.
A global comparison reveals that most revenue is generated in the United States (US$8,559.00m in 2022).
The Smart Home segment Control & Connectivity includes the essential equipment (connected and remote-control devices) and services that are part of an intelligent home network. The segment includes smart speakers (Amazon Echo, Google Home, etc.), central control and communication units (hub/gateway), programmable control buttons (e.g. wall switches and adjustable dials) and smart plugs for the control of non-smart devices. Revenues are also generated from services that support these hardware elements such as control apps and connectivity services.
Gateways/hubs that are capable of controlling devices of all segments
Smart speakers with a primary focus on control and digital assistants
Control buttons and smart plugs/sockets
Connected home appliances (see Smart Appliances)
Multiroom speaker systems with a primary focus on entertainment (see Home Entertainment)
Smartphones and tablets
B2B/C2C sales of any kind (e.g. to hotels or office buildings)