Smart Home - Pakistan

  • Pakistan
  • The projected revenue for the Smart Home market in Pakistan is expected to reach US$82.8m in 2024.
  • This revenue is projected to grow at an annual rate of 1.62% (CAGR 2024-2028), resulting in a market volume of US$88.3m by 2028.
  • It is estimated that the number of active households in the Smart Home market will reach [users_currentlayer_yearend] by 2028.
  • Household penetration, which measures the percentage of households adopting Smart Home market technology, is expected to increase from 5.1% in 2024 to 10.3% by 2028.
  • Currently, the average revenue per installed Smart Home market in Pakistan is expected to be US$43.42.
  • In comparison to other countries, United States generates the highest revenue in the Smart Home market, with an estimated revenue of US$38,800.0m in 2024.
  • Pakistan is seeing a growing trend in the adoption of smart home technology, with homeowners increasingly integrating automated systems for security, energy management, and convenience.

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

 
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Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the sales of smart home products, excluding taxes.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use the Statista Global Consumer Survey, market data from independent databases and third-party sources, and Statista interviews with market experts. In addition, we use relevant key market indicators and data from country-specific associations, such as household internet penetration and consumer spending for households. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption. The main drivers are GDP/capita, level of digitization, and consumer attitudes toward smart home integration.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year in case market dynamics change.

Overview

  • Revenue
  • Smart Homes
  • Demographics
  • Key Players
  • Global Comparison
  • Methodology
  • Key Market Indicators
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