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Smart home market revenue in selected European countries in 2018* (in million U.S. dollars)

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Digital Market Outlook: smart home market revenue in European countries 2018 The graph presents a ranking of selected European countries by smart home market revenue in 2018. Smart home market revenue was forecast to be highest in Germany at approximately 2.8 billion U.S. dollars. The United Kingdom ranked second, with an approximate market value of 2.7 billion U.S. dollars. France brought up the top three ranking with a forecast of 1.3 billion U.S. dollars in smart home market revenue. The smart home system, or home automated system, is aimed to be implemented not only in residential buildings and houses, but also in various industries and work-related environments. Statista’s Digital Market Outlook offers forecasts, detailed market insights and essential performance indicators of the most significant areas in the “Digital Economy”, including various digital goods and services. Alongside revenue forecasts for 50 countries worldwide, Statista offers additional insights into consumer trends and the demographic structure of digital consumer markets. An overview of all Digital Markets can be found here.
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Description Source More information
The graph presents a ranking of selected European countries by smart home market revenue in 2018. Smart home market revenue was forecast to be highest in Germany at approximately 2.8 billion U.S. dollars. The United Kingdom ranked second, with an approximate market value of 2.7 billion U.S. dollars. France brought up the top three ranking with a forecast of 1.3 billion U.S. dollars in smart home market revenue. The smart home system, or home automated system, is aimed to be implemented not only in residential buildings and houses, but also in various industries and work-related environments. Statista’s Digital Market Outlook offers forecasts, detailed market insights and essential performance indicators of the most significant areas in the “Digital Economy”, including various digital goods and services. Alongside revenue forecasts for 50 countries worldwide, Statista offers additional insights into consumer trends and the demographic structure of digital consumer markets. An overview of all Digital Markets can be found here.
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Release date
April 2018
Region
Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, United Kingdom
Survey time period
2017
Supplementary notes
* Estimate.

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.

Further information on methodology can be found here.

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