Smart Home Devices Market

• In January 2023, Schneider Electric acquired AVEVA plc to use AVEVA plc’s advanced software capabilities to introduce modern automation solutions for residential, commercial, and building complexes. The acquisition is expected to grow Schneider Electric’s home automation offering.

• In April 2022, ABB Ltd. launched a collaboration with Samsung Electronics Co., Ltd. to expand its home automation portfolio. The collaboration will make it easier for new customers to reduce costs and create a positive impact on the environment.

• In September 2022, Lutron Electronics Co., Inc. launched its Diva Smart Dimmer and Claro Smart Switch for smart lighting automation in homes which also has a wireless option.

In this report, the Smart Home Devices Market has been segmented by Component, Connectivity, Application and Geography.

Smart Home Devices Market, Segmentation by Component

The Smart Home Devices Market has been segmented by Component into Devices and Services.

Lighting Control Devices

Lighting control devices automate brightness, color temperature, and scheduling to enhance convenience and energy efficiency. These systems are integrated with voice assistants and mobile apps, enabling remote operation and adaptive ambiance. As sustainability becomes a priority, smart lighting is a major contributor to reduced household energy consumption.

Security & Control Devices

Security and control devices include smart locks, motion sensors, and alarm systems that protect homes from intrusion and unauthorized access. These devices support real-time monitoring and integrate seamlessly with surveillance systems and mobile alerts. The rising concern for home safety and increased smart city initiatives drive this segment's growth.

Entertainment Devices

Entertainment devices encompass smart TVs, speakers, and streaming hubs that provide immersive, connected home experiences. They support multi-room audio, voice control, and content personalization. The growing adoption of IoT-enabled entertainment ecosystems continues to expand this segment’s popularity.

Healthcare Devices

Smart healthcare devices monitor vital signs, medication schedules, and activity levels for enhanced elderly care and chronic disease management. Integration with smartphones and cloud platforms enables proactive health monitoring. This segment is growing as healthcare increasingly shifts toward home-based, tech-driven solutions.

Kitchen & Home Appliances

Smart kitchen and home appliances include connected refrigerators, ovens, and washing machines that offer automation, diagnostics, and remote operation. These devices enhance convenience and resource optimization in daily household tasks. Consumer preference for modern, time-saving appliances is driving market demand.

Energy Management Devices

Energy management devices, such as smart thermostats and power meters, enable homeowners to track and reduce energy usage. These devices play a key role in promoting cost-effective energy consumption and carbon footprint reduction. The shift towards sustainable living is fueling adoption.

Professional Services

Professional services include installation, setup, and customization of smart home devices, ensuring optimal configuration and interoperability. Service providers cater to both residential and commercial clients seeking integrated automation solutions.

Managed Services

Managed services offer ongoing monitoring, maintenance, and support for smart home systems. These services ensure system reliability, security, and feature updates, particularly in complex multi-device environments.

Smart Home Devices Market, Segmentation by Connectivity

The Smart Home Devices Market has been segmented by Connectivity into Bluetooth, Wi-Fi, and Zigbee.

Bluetooth

Bluetooth enables low-power, short-range communication between smart devices and mobile phones. It is commonly used for wearables and audio devices, offering quick pairing and secure data exchange. As Bluetooth standards evolve, this connectivity is being adopted in lighting and proximity-based control applications.

Wi-Fi

Wi-Fi is the dominant connectivity method for smart home ecosystems due to its high-speed transmission and broad compatibility. It enables real-time control and data streaming for devices like cameras, thermostats, and entertainment systems. Its ubiquity and bandwidth capacity make it ideal for connected homes.

Zigbee

Zigbee is a mesh network protocol optimized for home automation with low power consumption and high reliability. It supports large-scale device integration, making it suitable for complex smart environments. Zigbee's secure and interoperable framework continues to attract ecosystem builders and device manufacturers.

Smart Home Devices Market, Segmentation by Application

The Smart Home Devices Market has been segmented by Application into Building Energy Management, Security and Surveillance, Lighting, HVAC, and Others.

Building Energy Management

Building energy management applications include devices that monitor and control energy consumption across residential spaces. These solutions help users reduce utility bills and optimize power usage. Integration with smart meters and home hubs enhances visibility and control.

Security and Surveillance

Security and surveillance applications involve smart cameras, doorbells, and motion detectors that offer 24/7 remote monitoring and real-time alerts. These solutions enhance home safety and situational awareness, especially in urban areas with growing safety concerns.

Lighting

Lighting applications automate brightness levels, motion sensing, and scene settings. These systems enhance comfort, energy efficiency, and aesthetic appeal. Demand for smart lighting is driven by its compatibility with other devices and cost-saving potential.

HVAC

HVAC automation involves smart thermostats, air purifiers, and ventilation systems designed for optimal climate control. These systems reduce energy consumption while maintaining indoor comfort and air quality. Consumer awareness of energy conservation supports growth in this segment.

Others

This category covers applications such as smart irrigation, voice-controlled blinds, and pet care automation. These devices expand the scope of home automation by addressing niche but growing user demands for convenience and personalization.

Smart Home Devices Market, Segmentation by Geography

In this report, the Smart Home Devices Market has been segmented by Geography into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

Smart Home Devices Market Share (%), by Geographical Region

North America

North America dominates the market with a share of approximately 35%, driven by high consumer awareness and early adoption of connected home technologies. The presence of major players and widespread internet access further enhance the region’s leadership.

Europe

Europe holds around 26% of the global market share, bolstered by stringent energy efficiency regulations and smart city projects. Consumers in countries like Germany and the UK are adopting smart devices for sustainability and convenience.

Asia Pacific

Asia Pacific accounts for nearly 24% of the market, with rapid urbanization and growing middle-class income boosting demand. Markets like China, India, and Japan are witnessing increased adoption of smart surveillance, HVAC, and kitchen devices.

Middle East & Africa

The Middle East & Africa contribute about 8% to the market, driven by urban infrastructure developments and premium home automation systems in high-income residential zones.

Latin America

Latin America represents roughly 7% of the market. Countries like Brazil and Mexico are adopting smart lighting and energy-saving solutions as they modernize homes and invest in green technology.