Industry Research Reports

Market Analysis and Insights: Global Smart Home Market

The global 5G Smart Home market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.

A smart home comprises of an internal network, home automation, and intelligent control. It is equipped with advanced and automated digital devices, home appliances, and equipment that are interconnected to each Others. This facilitates sophisticated monitoring and control over the building's functions. Smart home devices perform three major actions — remote status checks, remote information, and remote control — to implement any action from a remote location.

The global Smart Home Hub market is projected to grow from US$ million in 2024 to US$ million by 2030, at a Compound Annual Growth Rate (CAGR) of % during the forecast period.

Market Analysis and Insights: Global Smart Home App Market

The global Smart Home App market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.

For building and furniture automation in the home, it can control lights, windows, temperature and humidity, appliances, and more.

The global Smart Home ICs market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.

The global market for Smart Home Hub was estimated to be worth US$ million in 2023 and is forecast to a readjusted size of US$ million by 2030 with a CAGR of % during the forecast period 2024-2030.

The global Smart Home Hub market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.