Top 100 companies: Smart Home

Smart homes use connected devices and appliances to perform actions, tasks, and automated routines to save money, time, and energy. Home automation systems allow for the integration of various smart devices and appliances controlled through a centralized system. China and the Far East are the most prominent smart home markets by sales volume, with 40% of manufactured devices selling in the region. Within this giant market, there are clear segments grouped by the type of devices used and their functionalities in a smart home system. The global market is expected to reach a value of almost US$140 billion in 2023. The number of smart homes is forecast to grow and surpass the US$400 million by 2024. Smart speakers are the most widely-known market segment, of which around 171 million units were shipped in 2022. The market volume is set to double by 2024. This Company Insights data table shows essential KPIs of the world’s leading companies associated with the “Smart Home” trend. It ranks them by overall revenue and includes household names such as Amazon.Com and Samsung Electronics.