Smart Home - United Kingdom

  • United Kingdom
  • Revenue in the Smart Home market is projected to reach £5.86bn in 2022.
  • Revenue is expected to show an annual growth rate (CAGR 2022-2026) of 14.07%, resulting in a projected market volume of £9.92bn by 2026.
  • In the Smart Home market, the number of active households is expected to amount to 25.4m users by 2026.
  • Household penetration will be 45.8% in 2022 and is expected to hit 84.8% by 2026.
  • The average revenue per installed Smart Home currently is expected to amount to £434.70.
  • A global comparison reveals that most revenue is generated in the United States (£23,480.00m in 2022).
  • In the year 2021 a share of 36.7% of users is in the high income group.
  • In the year 2021 a share of 24.9% of users is 25-34 years old.
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