This statistic presents information on the annual smart home market revenue growth broken down by segment in the United Kingdom in 2019 and 2020, and provides a forecast thereof until 2025, adjust for the impact of the coronavirus (COVID-19) pandemic. Growth is expected to continue across all sectors, and begin a recovery in 2021.
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Revenue growth in the smart home market in the United Kingdom (UK) from 2018 to 2025, by segment
The Smart Home market is comprised of the sale of networked devices and related services that enable home automation for private end users (B2C). Devices that are connected directly via a so-called gateway to the Internet for controlling, monitoring and regulation of various functions in a private household are considered within this market.
The remote control and monitoring of individual devices and, if applicable, their direct communication with one another (Internet of Things), is an essential component of intelligent home automation. Therefore, services are considered which are necessary for maintenance or control of the household network e.g. subscription fees of control apps or external monitoring services.
Devices whose primary function is not for the automation or remote control of household equipment, e.g. smartphones and tablets, are not included here. Similarly, devices whose reason for purchase is only related to household connection and remote control to a limited extent, such as Smart-TVs, refrigerators, or ovens, are also not included.
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Statista. (March 19, 2021). Revenue growth in the smart home market in the United Kingdom (UK) from 2018 to 2025, by segment [Graph]. In Statista. Retrieved May 19, 2022, from https://www.statista.com/statistics/528014/home-automation-smart-home-revenue-growth-digital-market-outlook-uk/
Statista. "Revenue growth in the smart home market in the United Kingdom (UK) from 2018 to 2025, by segment." Chart. March 19, 2021. Statista. Accessed May 19, 2022. https://www.statista.com/statistics/528014/home-automation-smart-home-revenue-growth-digital-market-outlook-uk/
Statista. (2021). Revenue growth in the smart home market in the United Kingdom (UK) from 2018 to 2025, by segment. Statista. Statista Inc.. Accessed: May 19, 2022. https://www.statista.com/statistics/528014/home-automation-smart-home-revenue-growth-digital-market-outlook-uk/
Statista. "Revenue Growth in The Smart Home Market in The United Kingdom (Uk) from 2018 to 2025, by Segment." Statista, Statista Inc., 19 Mar 2021, https://www.statista.com/statistics/528014/home-automation-smart-home-revenue-growth-digital-market-outlook-uk/
Statista, Revenue growth in the smart home market in the United Kingdom (UK) from 2018 to 2025, by segment Statista, https://www.statista.com/statistics/528014/home-automation-smart-home-revenue-growth-digital-market-outlook-uk/ (last visited May 19, 2022)