UK Smart Home Market by Product Type (Smart Lighting, Smart Home Security & Surveillance, Smart Entertainment, and Smart Appliances), by Communication Protocol (Wi-Fi, Zigbee, Z-Wave, Bluetooth, and Thread), by Smart Home Hubs (Standalone Hubs and Built-i

UK Smart Home Market by Product Type (Smart Lighting, Smart Home Security & Surveillance, Smart Entertainment, and Smart Appliances), by Communication Protocol (Wi-Fi, Zigbee, Z-Wave, Bluetooth, and Thread), by Smart Home Hubs (Standalone Hubs and Built-in Hubs), by Voice Assistants Integration (Amazon Alexa, Google Assistant, Apple Siri, and Others), by Smart Home Compatibility with Smartphones (iOS and Android), by Installation, (DIY Installation and Professional Installation), and by Sales Channel (Online Retailers and Offline Retailers) – Opportunity Analysis and Industry Forecast, 2024–2030

The UK Smart Home Market size was valued at USD 8.43 billion in 2023, and is predicted to reach USD 25.00 billion by 2030, at a CAGR of 16.8% from 2024 to 2030.

The expansion of the smart home market in the UK is fueled by the increasing prevalence of smart home technology and connected devices. Household adoption of smart technology witnessed a significant uptick, rising from 14.9% in 2021 to 39.0% by 2022. Among the most sought-after features are smart lighting, heating, and security systems, with smart plugs gaining popularity for their remote power control capabilities.

Moreover, the market growth in the UK is driven by the presence of established industry players. These reputable companies maintain a strong foothold in the market, offering consumers a diverse range of options and advanced robotic cleaning solutions. For instance, Centrica's Hive, a leading player in the smart home market, introduced an innovative smart home monitoring service. This service allows homeowners to easily safeguard their homes through smartphone access, potentially bolstering the smart home market by providing more accessible and user-friendly home security solutions.

However, interconnected systems, including thermostats, cameras, and door locks, are vulnerable to hacking, posing threats to the privacy and safety of residents. Weak passwords and insufficient Wi-Fi network security measures exacerbate this vulnerability, allowing hackers to exploit these weaknesses and gain unauthorized access. This unauthorized access can lead to compromised devices or unauthorized access to sensitive information impacting the market growth.

On the contrary, the integration of blockchain technology into smart home devices offers a promising avenue to enhance the security and confidentiality of smart home systems. Recognized for its robust security features and transparent nature, blockchain encrypts and securely stores sensitive smart home data, empowering users to control access to their information and reduce the risk of unauthorized breaches. By verifying device identities, blockchain ensures that only trusted devices interact within the smart home network, while also automating tasks through tamper-proof smart contracts. Moreover, blockchain technology decentralizes device control, mitigates vulnerabilities, and simplifies transparent access control and permissions management. Through the integration of blockchain into smart homes, security and privacy are enhanced, fostering a more secure and private smart home environment. As a result, this integration is poised to create abundant growth opportunities for the market.

Segment Overview

The UK smart home industry is segmented based on product type, communication protocol, smart home hubs, voice assistant integration, smart home compatibility with smartphones, installation, and sales channel.
By product type, the market is categorized into smart lighting, smart home security and surveillance, smart entertainment, and smart appliances.
By communication protocol, the market is classified into Wi-Fi, Zigbee, Z-Wave, Bluetooth, and Thread.
By smart home hubs, the market is segmented into standalone hubs and built-in hubs.
By voice assistant integration, the market is divided into Amazon Alexa, Google Assistant, Apple Siri, and others.
By smart home compatibility with smartphones, the market is divided into iOS and Android.
By installation, the market is classified into DIY installation and professional installation.
By sales channel, the market is classified into online retailers and offline retailers.

Key Market Players

Leading players operating in the UK Smart Home Market include:
• LG Electronics
• ASSA ABLOY
• Amazon, Inc.
• Samsung Electronics
• Sony Group Corporation
• Emerson Electronic Co.
• Johnson Controls International PLC
• Centrica Connected Home Limited
• Resideo Technologies, Inc.
• Apple, Inc.

KEY BENEFITS
• The UK Smart Home market report provides a quantitative analysis of the current market and estimations through 2024-2030 that assists in identifying the prevailing market opportunities to capitalize on.
• The study comprises a deep dive analysis of the market trend including the current and future trends for depicting the prevalent investment pockets in the market.
• The information related to key drivers, restraints, and opportunities and their impact on the market is provided in the report.
• The competitive analysis of the market players along with their market share in the UK Smart Home market.
• The SWOT analysis and Porter’s Five Forces model are elaborated in the study.
• Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.