North America Smart Home Devices Market Size, Share & Trends Analysis Report By Component (Solutions, and Services), By Type, By Country and Growth Forecast, 2023 - 2030
The North America Smart Home Devices Market would witness market growth of 18.5% CAGR during the forecast period (2023-2030).
Smart home devices offer a multitude of uses and benefits that cater to diverse consumer needs and preferences. In addition, it enables the automation of various tasks and functions within the home, such as lighting, heating, ventilation, air conditioning (HVAC), and appliance control.
Additionally, users can schedule automated routines, set preferences, and remotely control devices through smartphone apps or voice commands. Smart lighting systems offer advanced features such as dimming, color-changing capabilities, and motion sensing.
Likewise, the growing internet access in Mexico provides a growth environment for the market. According to the International Trade Administration (ITA), in 2022, there were 96.8 million Internet users in Mexico, up 9.3 percent annually. The percentage of people who use the Internet is very high (81.6%). As internet access continues to grow and technologies become more affordable and user-friendly, the market in Mexico is expected to experience sustained growth and innovation, transforming how people live and interact with their homes. Hence, the increasing internet penetration in the region is driving the market's growth.
The US market dominated the North America Smart Home Devices Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $89,654.6 Million by 2030. The Canada market would showcase CAGR of 21.2% during (2023 - 2030). Additionally, The Mexico market is registering a CAGR of 20.1% during (2023 - 2030).
Based on Component, the market is segmented into Solutions, and Services. Based on Type, the market is segmented into Lighting Control, Security & Access Control, Home Appliances, Entertainment & Other Controls, Smart Kitchen, HVAC Control, Smart Furniture, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Johnson Controls International PLC
- Schneider Electric SE
- Siemens AG
- Honeywell International, Inc.
- Amazon.com, Inc.
- Apple Inc.
- Google LLC (Alphabet Inc.)
- Robert Bosch GmbH
- Raytheon Technologies Corporation
- Samsung Electronics Co., Ltd. (Samsung Group)
By Component
- Solutions
- Services
- Lighting Control
- Security & Access Control
- Home Appliances
- Entertainment & Other Controls
- Smart Kitchen
- HVAC Control
- Smart Furniture
- Others
- US
- Canada
- Mexico
- Rest of North America
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Smart Home Devices Market, by Component
- 1.4.2 North America Smart Home Devices Market, by Type
- 1.4.3 North America Smart Home Devices Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.3 Top Winning Strategies
- 4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
- 4.3.2 Key Strategic Move: (Partnership & Collaboration: 2019, Dec – 2024, Feb) Leading Players
- 4.4 Porter Five Forces Analysis
- Chapter 5. North America Smart Home Devices Market, by Component
- 5.1 North America Solutions Market, by Country
- 5.2 North America Services Market, by Country
- Chapter 6. North America Smart Home Devices Market, by Type
- 6.1 North America Lighting Control Market, by Country
- 6.2 North America Security & Access Control Market, by Country
- 6.3 North America Home Appliances Market, by Country
- 6.4 North America Entertainment & Other Controls Market, by Country
- 6.5 North America Smart Kitchen Market, by Country
- 6.6 North America HVAC Control Market, by Country
- 6.7 North America Smart Furniture Market, by Country
- 6.8 North America Others Market, by Country
- Chapter 7. North America Smart Home Devices Market, by Country
- 7.1 US Smart Home Devices Market
- 7.1.1 US Smart Home Devices Market, by Component
- 7.1.2 US Smart Home Devices Market, by Type
- 7.2 Canada Smart Home Devices Market
- 7.2.1 Canada Smart Home Devices Market, by Component
- 7.2.2 Canada Smart Home Devices Market, by Type
- 7.3 Mexico Smart Home Devices Market
- 7.3.1 Mexico Smart Home Devices Market, by Component
- 7.3.2 Mexico Smart Home Devices Market, by Type
- 7.4 Rest of North America Smart Home Devices Market
- 7.4.1 Rest of North America Smart Home Devices Market, by Component
- 7.4.2 Rest of North America Smart Home Devices Market, by Type
- Chapter 8. Company Profiles
- 8.1 Johnson Controls International PLC
- 8.1.1 Company Overview
- 8.1.2 Financial Analysis
- 8.1.3 Segmental & Regional Analysis
- 8.1.4 Research & Development Expenses
- 8.1.5 Recent strategies and developments:
- 8.1.5.1 Partnerships, Collaborations, and Agreements:
- 8.1.5.2 Acquisition and Mergers:
- 8.1.6 SWOT Analysis
- 8.2 Schneider Electric SE
- 8.2.1 Company Overview
- 8.2.2 Financial Analysis
- 8.2.3 Segmental and Regional Analysis
- 8.2.4 Research & Development Expense
- 8.2.5 Recent strategies and developments:
- 8.2.5.1 Partnerships, Collaborations, and Agreements:
- 8.2.5.2 Product Launches and Product Expansions:
- 8.2.5.3 Acquisition and Mergers:
- 8.2.5.4 Geographical Expansions:
- 8.2.6 SWOT Analysis
- 8.3 Siemens AG
- 8.3.1 Company Overview
- 8.3.2 Financial Analysis
- 8.3.3 Segmental and Regional Analysis
- 8.3.4 Research & Development Expense
- 8.3.5 Recent strategies and developments:
- 8.3.5.1 Partnerships, Collaborations, and Agreements:
- 8.3.5.2 Acquisition and Mergers:
- 8.3.6 SWOT Analysis
- 8.4 Honeywell International, Inc.
- 8.4.1 Company Overview
- 8.4.2 Financial Analysis
- 8.4.3 Segmental and Regional Analysis
- 8.4.4 Research & Development Expenses
- 8.4.5 Recent strategies and developments:
- 8.4.5.1 Partnerships, Collaborations, and Agreements:
- 8.4.5.2 Acquisition and Mergers:
- 8.4.6 SWOT Analysis
- 8.5 Amazon.com, Inc.
- 8.5.1 Company Overview
- 8.5.2 Financial Analysis
- 8.5.3 Segmental Analysis
- 8.5.4 Recent strategies and developments:
- 8.5.4.1 Partnerships, Collaborations, and Agreements:
- 8.5.5 SWOT Analysis
- 8.6 Apple, Inc.
- 8.6.1 Company Overview
- 8.6.2 Financial Analysis
- 8.6.3 Regional Analysis
- 8.6.4 Research & Development Expense
- 8.6.5 SWOT Analysis
- 8.7 Google LLC (Alphabet Inc.)
- 8.7.1 Company Overview
- 8.7.2 Financial Analysis
- 8.7.3 Segmental and Regional Analysis
- 8.7.4 Research & Development Expense
- 8.7.5 Recent strategies and developments:
- 8.7.5.1 Partnerships, Collaborations, and Agreements:
- 8.7.6 SWOT Analysis
- 8.8 Robert Bosch GmbH
- 8.8.1 Company Overview
- 8.8.2 Financial Analysis
- 8.8.3 Segmental and Regional Analysis
- 8.8.4 Research & Development Expense
- 8.8.5 SWOT Analysis
- 8.9 Raytheon Technologies Corporation
- 8.9.1 Company Overview
- 8.9.2 Financial Analysis
- 8.9.3 Segmental and Regional Analysis
- 8.9.4 Research & Development Expense
- 8.9.5 SWOT Analysis
- 8.10. Samsung Electronics Co., Ltd. (Samsung Group)
- 8.10.1 Company Overview
- 8.10.2 Financial Analysis
- 8.10.3 Segmental and Regional Analysis
- 8.10.4 SWOT Analysis
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