The Latin America, Middle East and Africa Smart Home Automation Market would witness market growth of 18.4% CAGR during the forecast period (2022-2028).
A smart home is a cohesive network of connected smart appliances and devices rather than a collection of standalone smart appliances and gadgets. A central home automation controller, frequently referred to as a smart home hub, manages all devices. A hardware component known as the smart home hub serves as the system's focal point and has the ability to perceive, process data, and wirelessly communicate. It combines all of the many apps into a single smart home app that users can control from a distance.
Artificial intelligence (AI) and machine learning are becoming more and more common in smart home systems, enabling home automation applications to adjust according to their environments. For instance, voice-activated systems like Amazon Echo or Google Home have virtual assistants that can learn about and tailor the smart home to the preferences and routines of the users.
Using home automation could result in more clever and effective energy-saving methods. Information and communication technologies (ICT) can be combined with renewable energy sources like solar or wind power to enable homes to autonomously decide whether to store energy or use it for a specific appliance. This will have a positive overall impact on the environment and result in lower electricity costs for system users.
The number of smart city initiatives going on across the region would play a major role in increasing the deployment of smart homes in the region. The Abu Dhabi Smart Cities Summit, which aims to reorganize visions of the smart cities for the future and fortify Abu Dhabi's pioneering expertise in anticipating the developments of cities, successfully concluded its revised edition at an event that included specialists, government officials, international speakers, policymakers, smart city and technology pioneers, and global experts.
The Brazil market dominated the LAMEA Smart Home Automation Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,994.3 million by 2028.The Argentina market is experiencing a CAGR of 19.1% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 18.1% during (2022 - 2028).
Based on Component, the market is segmented into Hardware, Software and Services. Based on Application, the market is segmented into Entertainment, Lighting, Security, HVAC & Energy Management, and Smart Kitchen. Based on Technology, the market is segmented into Wireless, Cellular and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Smart Home Automation Market is Predict to reach $187.8 Billion by 2028, at a CAGR of 15.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Siemens AG, Schneider Electric SE, Johnson Controls International PLC, Honeywell International, Inc., Leviton Manufacturing Co., Inc., Legrand S.A., Crestron Electronics, Inc., Ingersoll Rand, Inc., and Lutron Electronics Co., Inc.
Scope of the Study
Market Segments Covered in the Report:
By Component
- Hardware
- Software
- Services
By Application
- Entertainment
- Lighting
- Security
- HVAC & Energy Management
- Smart Kitchen
By Technology
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- ABB Group
- Siemens AG
- Schneider Electric SE
- Johnson Controls International PLC
- Honeywell International, Inc.
- Leviton Manufacturing Co., Inc.
- Legrand S.A.
- Crestron Electronics, Inc.
- Ingersoll Rand, Inc.
- Lutron Electronics Co., Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Smart Home Automation Market, by Component
1.4.2 LAMEA Smart Home Automation Market, by Application
1.4.3 LAMEA Smart Home Automation Market, by Technology
1.4.4 LAMEA Smart Home Automation Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition and scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Market Share Analysis, 2021
3.4 Top Winning Strategies
3.4.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.4.2 Key Strategic Move: (Acquisition and Mergers: 2018, Apr – 2022, Jul) Leading Players
Chapter 4. LAMEA Smart Home Automation Market by Component
4.1 LAMEA Hardware Market by Country
4.2 LAMEA Software Market by Country
4.3 LAMEA Services Market by Country
Chapter 5. LAMEA Smart Home Automation Market by Application
5.1 LAMEA Entertainment Market by Country
5.2 LAMEA Lighting Market by Country
5.3 LAMEA Security Market by Country
5.4 LAMEA HVAC & Energy Management Market by Country
5.5 LAMEA Smart Kitchen Market by Country
Chapter 6. LAMEA Smart Home Automation Market by Technology
6.1 LAMEA Wireless Market by Country
6.2 LAMEA Cellular Market by Country
6.3 LAMEA Others Market by Country
Chapter 7. LAMEA Smart Home Automation Market by Country
7.1 Brazil Smart Home Automation Market
7.1.1 Brazil Smart Home Automation Market by Component
7.1.2 Brazil Smart Home Automation Market by Application
7.1.3 Brazil Smart Home Automation Market by Technology
7.2 Argentina Smart Home Automation Market
7.2.1 Argentina Smart Home Automation Market by Component
7.2.2 Argentina Smart Home Automation Market by Application
7.2.3 Argentina Smart Home Automation Market by Technology
7.3 UAE Smart Home Automation Market
7.3.1 UAE Smart Home Automation Market by Component
7.3.2 UAE Smart Home Automation Market by Application
7.3.3 UAE Smart Home Automation Market by Technology
7.4 Saudi Arabia Smart Home Automation Market
7.4.1 Saudi Arabia Smart Home Automation Market by Component
7.4.2 Saudi Arabia Smart Home Automation Market by Application
7.4.3 Saudi Arabia Smart Home Automation Market by Technology
7.5 South Africa Smart Home Automation Market
7.5.1 South Africa Smart Home Automation Market by Component
7.5.2 South Africa Smart Home Automation Market by Application
7.5.3 South Africa Smart Home Automation Market by Technology
7.6 Nigeria Smart Home Automation Market
7.6.1 Nigeria Smart Home Automation Market by Component
7.6.2 Nigeria Smart Home Automation Market by Application
7.6.3 Nigeria Smart Home Automation Market by Technology
7.7 Rest of LAMEA Smart Home Automation Market
7.7.1 Rest of LAMEA Smart Home Automation Market by Component
7.7.2 Rest of LAMEA Smart Home Automation Market by Application
7.7.3 Rest of LAMEA Smart Home Automation Market by Technology
Chapter 8. Company Profiles
8.1 ABB Group
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Product Launches and Product Expansions:
8.1.5.3 Acquisition and Mergers:
8.1.6 SWOT Analysis
8.2 Siemens AG
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:
8.2.6 SWOT Analysis
8.3 Schneider Electric SE
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:
8.3.6 SWOT Analysis
8.4 Johnson Controls International PLC
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental & 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:
8.5 Honeywell International, Inc.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expenses
8.5.5 Recent strategies and developments:
8.5.5.1 Product Launches and Product Expansions:
8.5.5.2 Acquisition and Mergers:
8.5.6 SWOT Analysis
8.6 Leviton Manufacturing Co., Inc.
8.6.1 Company Overview
8.6.2 Recent strategies and developments:
8.6.2.1 Product Launches and Product Expansions:
8.6.2.2 Acquisition and Mergers:
8.7 Legrand S.A.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Regional Analysis
8.7.4 Research & Development Expense
8.7.5 Recent strategies and developments:
8.7.5.1 Acquisition and Mergers:
8.8 Crestron Electronics, Inc.
8.8.1 Company Overview
8.8.2 Recent strategies and developments:
8.8.2.1 Partnerships, Collaborations, and Agreements:
8.8.2.2 Product Launches and Product Expansions:
8.9 Ingersoll Rand, Inc.
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expenses
8.10. Lutron Electronics Co., Inc.
8.10.1 Company Overview
8.10.2 Recent strategies and developments:
8.10.2.1 Acquisition and Mergers:
TABLE 1 LAMEA Smart Home Automation Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Smart Home Automation Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Smart Home Automation Market
TABLE 4 Product Launches And Product Expansions– Smart Home Automation Market
TABLE 5 Acquisition and Mergers– Smart Home Automation Market
TABLE 6 LAMEA Smart Home Automation Market by Component, 2018 - 2021, USD Million
TABLE 7 LAMEA Smart Home Automation Market by Component, 2022 - 2028, USD Million
TABLE 8 LAMEA Hardware Market by Country, 2018 - 2021, USD Million
TABLE 9 LAMEA Hardware Market by Country, 2022 - 2028, USD Million
TABLE 10 LAMEA Software Market by Country, 2018 - 2021, USD Million
TABLE 11 LAMEA Software Market by Country, 2022 - 2028, USD Million
TABLE 12 LAMEA Services Market by Country, 2018 - 2021, USD Million
TABLE 13 LAMEA Services Market by Country, 2022 - 2028, USD Million
TABLE 14 LAMEA Smart Home Automation Market by Application, 2018 - 2021, USD Million
TABLE 15 LAMEA Smart Home Automation Market by Application, 2022 - 2028, USD Million
TABLE 16 LAMEA Entertainment Market by Country, 2018 - 2021, USD Million
TABLE 17 LAMEA Entertainment Market by Country, 2022 - 2028, USD Million
TABLE 18 LAMEA Lighting Market by Country, 2018 - 2021, USD Million
TABLE 19 LAMEA Lighting Market by Country, 2022 - 2028, USD Million
TABLE 20 LAMEA Security Market by Country, 2018 - 2021, USD Million
TABLE 21 LAMEA Security Market by Country, 2022 - 2028, USD Million
TABLE 22 LAMEA HVAC & Energy Management Market by Country, 2018 - 2021, USD Million
TABLE 23 LAMEA HVAC & Energy Management Market by Country, 2022 - 2028, USD Million
TABLE 24 LAMEA Smart Kitchen Market by Country, 2018 - 2021, USD Million
TABLE 25 LAMEA Smart Kitchen Market by Country, 2022 - 2028, USD Million
TABLE 26 LAMEA Smart Home Automation Market by Technology, 2018 - 2021, USD Million
TABLE 27 LAMEA Smart Home Automation Market by Technology, 2022 - 2028, USD Million
TABLE 28 LAMEA Wireless Market by Country, 2018 - 2021, USD Million
TABLE 29 LAMEA Wireless Market by Country, 2022 - 2028, USD Million
TABLE 30 LAMEA Cellular Market by Country, 2018 - 2021, USD Million
TABLE 31 LAMEA Cellular Market by Country, 2022 - 2028, USD Million
TABLE 32 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 33 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 34 LAMEA Smart Home Automation Market by Country, 2018 - 2021, USD Million
TABLE 35 LAMEA Smart Home Automation Market by Country, 2022 - 2028, USD Million
TABLE 36 Brazil Smart Home Automation Market, 2018 - 2021, USD Million
TABLE 37 Brazil Smart Home Automation Market, 2022 - 2028, USD Million
TABLE 38 Brazil Smart Home Automation Market by Component, 2018 - 2021, USD Million
TABLE 39 Brazil Smart Home Automation Market by Component, 2022 - 2028, USD Million
TABLE 40 Brazil Smart Home Automation Market by Application, 2018 - 2021, USD Million
TABLE 41 Brazil Smart Home Automation Market by Application, 2022 - 2028, USD Million
TABLE 42 Brazil Smart Home Automation Market by Technology, 2018 - 2021, USD Million
TABLE 43 Brazil Smart Home Automation Market by Technology, 2022 - 2028, USD Million
TABLE 44 Argentina Smart Home Automation Market, 2018 - 2021, USD Million
TABLE 45 Argentina Smart Home Automation Market, 2022 - 2028, USD Million
TABLE 46 Argentina Smart Home Automation Market by Component, 2018 - 2021, USD Million
TABLE 47 Argentina Smart Home Automation Market by Component, 2022 - 2028, USD Million
TABLE 48 Argentina Smart Home Automation Market by Application, 2018 - 2021, USD Million
TABLE 49 Argentina Smart Home Automation Market by Application, 2022 - 2028, USD Million
TABLE 50 Argentina Smart Home Automation Market by Technology, 2018 - 2021, USD Million
TABLE 51 Argentina Smart Home Automation Market by Technology, 2022 - 2028, USD Million
TABLE 52 UAE Smart Home Automation Market, 2018 - 2021, USD Million
TABLE 53 UAE Smart Home Automation Market, 2022 - 2028, USD Million
TABLE 54 UAE Smart Home Automation Market by Component, 2018 - 2021, USD Million
TABLE 55 UAE Smart Home Automation Market by Component, 2022 - 2028, USD Million
TABLE 56 UAE Smart Home Automation Market by Application, 2018 - 2021, USD Million
TABLE 57 UAE Smart Home Automation Market by Application, 2022 - 2028, USD Million
TABLE 58 UAE Smart Home Automation Market by Technology, 2018 - 2021, USD Million
TABLE 59 UAE Smart Home Automation Market by Technology, 2022 - 2028, USD Million
TABLE 60 Saudi Arabia Smart Home Automation Market, 2018 - 2021, USD Million
TABLE 61 Saudi Arabia Smart Home Automation Market, 2022 - 2028, USD Million
TABLE 62 Saudi Arabia Smart Home Automation Market by Component, 2018 - 2021, USD Million
TABLE 63 Saudi Arabia Smart Home Automation Market by Component, 2022 - 2028, USD Million
TABLE 64 Saudi Arabia Smart Home Automation Market by Application, 2018 - 2021, USD Million
TABLE 65 Saudi Arabia Smart Home Automation Market by Application, 2022 - 2028, USD Million
TABLE 66 Saudi Arabia Smart Home Automation Market by Technology, 2018 - 2021, USD Million
TABLE 67 Saudi Arabia Smart Home Automation Market by Technology, 2022 - 2028, USD Million
TABLE 68 South Africa Smart Home Automation Market, 2018 - 2021, USD Million
TABLE 69 South Africa Smart Home Automation Market, 2022 - 2028, USD Million
TABLE 70 South Africa Smart Home Automation Market by Component, 2018 - 2021, USD Million
TABLE 71 South Africa Smart Home Automation Market by Component, 2022 - 2028, USD Million
TABLE 72 South Africa Smart Home Automation Market by Application, 2018 - 2021, USD Million
TABLE 73 South Africa Smart Home Automation Market by Application, 2022 - 2028, USD Million
TABLE 74 South Africa Smart Home Automation Market by Technology, 2018 - 2021, USD Million
TABLE 75 South Africa Smart Home Automation Market by Technology, 2022 - 2028, USD Million
TABLE 76 Nigeria Smart Home Automation Market, 2018 - 2021, USD Million
TABLE 77 Nigeria Smart Home Automation Market, 2022 - 2028, USD Million
TABLE 78 Nigeria Smart Home Automation Market by Component, 2018 - 2021, USD Million
TABLE 79 Nigeria Smart Home Automation Market by Component, 2022 - 2028, USD Million
TABLE 80 Nigeria Smart Home Automation Market by Application, 2018 - 2021, USD Million
TABLE 81 Nigeria Smart Home Automation Market by Application, 2022 - 2028, USD Million
TABLE 82 Nigeria Smart Home Automation Market by Technology, 2018 - 2021, USD Million
TABLE 83 Nigeria Smart Home Automation Market by Technology, 2022 - 2028, USD Million
TABLE 84 Rest of LAMEA Smart Home Automation Market, 2018 - 2021, USD Million
TABLE 85 Rest of LAMEA Smart Home Automation Market, 2022 - 2028, USD Million
TABLE 86 Rest of LAMEA Smart Home Automation Market by Component, 2018 - 2021, USD Million
TABLE 87 Rest of LAMEA Smart Home Automation Market by Component, 2022 - 2028, USD Million
TABLE 88 Rest of LAMEA Smart Home Automation Market by Application, 2018 - 2021, USD Million
TABLE 89 Rest of LAMEA Smart Home Automation Market by Application, 2022 - 2028, USD Million
TABLE 90 Rest of LAMEA Smart Home Automation Market by Technology, 2018 - 2021, USD Million
TABLE 91 Rest of LAMEA Smart Home Automation Market by Technology, 2022 - 2028, USD Million
TABLE 92 Key Information – ABB Group
TABLE 93 Key Information – Siemens AG
TABLE 94 Key information – Schneider Electric SE
TABLE 95 Key Information – Johnson Controls International PLC
TABLE 96 Key Information – Honeywell International, Inc.
TABLE 97 Key Information – Leviton Manufacturing Co., Inc.
TABLE 98 key Information – Legrand S.A.
TABLE 99 KEY INFORMATION – Crestron Electronics, Inc.
TABLE 100 Key Information – Ingersoll Rand, Inc.
TABLE 101 Key information- Lutron Electronics Co., Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Market Share Analysis, 2021
FIG 4 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 5 Key Strategic Move: (Acquisition and Mergers: 2018, Apr – 2022, Jul) Leading Players
FIG 6 Recent strategies and developments: ABB Group
FIG 7 SWOT Analysis: ABB Group
FIG 8 Swot analysis: Siemens AG
FIG 9 Swot analysis: Schneider Electric SE
FIG 10 Recent strategies and developments: Johnson Controls International PLC
FIG 11 Swot analysis: Honeywell international, inc.
FIG 12 Recent strategies and developments: Leviton Manufacturing Co., Inc.