Smart Home - Europe

  • Europe
  • Revenue in the Smart Home market is projected to reach US$28.58bn in 2022.
  • Revenue is expected to show an annual growth rate (CAGR 2022-2027) of 12.15%, resulting in a projected market volume of US$56.18bn by 2027.
  • In the Smart Home market, the number of active households is expected to amount to 150.5m users by 2027.
  • Household penetration will be 17.8% in 2022 and is expected to hit 40.9% by 2027.
  • The average revenue per installed Smart Home currently is expected to amount to US$449.80.
  • A global comparison reveals that most revenue is generated in the United States (US$31,450.00m in 2022).
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