The Latin America, Middle East and Africa Smart Home Devices Market would witness market growth of 21.6% CAGR during the forecast period (2023-2030).
Rising concerns about home security and safety have prompted consumers to invest in smart home security systems, including cameras, motion sensors, doorbell cameras, and smart locks. These devices offer real-time monitoring, alerts, and remote access, providing homeowners peace of mind and enhanced protection against burglary, vandalism, and unauthorized access.
Additionally, growing awareness of environmental issues and the importance of energy conservation has driven demand for it to promote sustainability and energy efficiency. Smart thermostats, lighting controls, and energy monitoring systems enable users to reduce energy consumption, lower utility bills, and minimize their carbon footprint.
According to the International Trade Administration (ITA), Ministry of Communications and Information Technology of Saudi Arabia aims to establish a robust and cutting-edge digital architecture that supports Vision 2030’s goal of digital transformation through e-commerce, digital education, digital health, smart cities, national data, and e-government. Also, Saudi Arabia is currently building several smart cities (including NEOM, Red Sea, Qiddiya, Waad Alshamal, and SPARK), and aims to be the most connected and digitized nation by 2030. Therefore, the increasing development of smart cities in the region is propelling the growth of the market.
The Brazil market dominated the LAMEA Smart Home Devices Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $10,451.3 Million by 2030.The Argentina market would register a CAGR of 22.3% during (2023 - 2030). Additionally, The UAE market is showcasing a CAGR of 21.2% during (2023 - 2030).
Free Valuable Insights: The Worldwide Smart Home Devices Market is Projected to reach USD 399.5 Billion by 2030, at a CAGR of 19.2%
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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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)
LAMEA Smart Home Devices Market Report Segmentation
By Component
By Type
- Lighting Control
- Security & Access Control
- Home Appliances
- Entertainment & Other Controls
- Smart Kitchen
- HVAC Control
- Smart Furniture
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 Devices Market, by Component
1.4.2 LAMEA Smart Home Devices Market, by Type
1.4.3 LAMEA 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. LAMEA Smart Home Devices Market, by Component
5.1 LAMEA Solutions Market, by Country
5.2 LAMEA Services Market, by Country
Chapter 6. LAMEA Smart Home Devices Market, by Type
6.1 LAMEA Lighting Control Market, by Country
6.2 LAMEA Security & Access Control Market, by Country
6.3 LAMEA Home Appliances Market, by Country
6.4 LAMEA Entertainment & Other Controls Market, by Country
6.5 LAMEA Smart Kitchen Market, by Country
6.6 LAMEA HVAC Control Market, by Country
6.7 LAMEA Smart Furniture Market, by Country
6.8 LAMEA Others Market, by Country
Chapter 7. LAMEA Smart Home Devices Market, by Country
7.1 Brazil Smart Home Devices Market
7.1.1 Brazil Smart Home Devices Market, by Component
7.1.2 Brazil Smart Home Devices Market, by Type
7.2 Argentina Smart Home Devices Market
7.2.1 Argentina Smart Home Devices Market, by Component
7.2.2 Argentina Smart Home Devices Market, by Type
7.3 UAE Smart Home Devices Market
7.3.1 UAE Smart Home Devices Market, by Component
7.3.2 UAE Smart Home Devices Market, by Type
7.4 Saudi Arabia Smart Home Devices Market
7.4.1 Saudi Arabia Smart Home Devices Market, by Component
7.4.2 Saudi Arabia Smart Home Devices Market, by Type
7.5 South Africa Smart Home Devices Market
7.5.1 South Africa Smart Home Devices Market, by Component
7.5.2 South Africa Smart Home Devices Market, by Type
7.6 Nigeria Smart Home Devices Market
7.6.1 Nigeria Smart Home Devices Market, by Component
7.6.2 Nigeria Smart Home Devices Market, by Type
7.7 Rest of LAMEA Smart Home Devices Market
7.7.1 Rest of LAMEA Smart Home Devices Market, by Component
7.7.2 Rest of LAMEA 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
TABLE 1 LAMEA Smart Home Devices Market, 2019 - 2022, USD Million
TABLE 2 LAMEA Smart Home Devices Market, 2023 - 2030, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Smart Home Devices Market
TABLE 4 Product Launches And Product Expansions– Smart Home Devices Market
TABLE 5 Acquisition and Mergers– Smart Home Devices Market
TABLE 6 LAMEA Smart Home Devices Market, by Component, 2019 - 2022, USD Million
TABLE 7 LAMEA Smart Home Devices Market, by Component, 2023 - 2030, USD Million
TABLE 8 LAMEA Solutions Market, by Country, 2019 - 2022, USD Million
TABLE 9 LAMEA Solutions Market, by Country, 2023 - 2030, USD Million
TABLE 10 LAMEA Services Market, by Country, 2019 - 2022, USD Million
TABLE 11 LAMEA Services Market, by Country, 2023 - 2030, USD Million
TABLE 12 LAMEA Smart Home Devices Market, by Type, 2019 - 2022, USD Million
TABLE 13 LAMEA Smart Home Devices Market, by Type, 2023 - 2030, USD Million
TABLE 14 LAMEA Lighting Control Market, by Country, 2019 - 2022, USD Million
TABLE 15 LAMEA Lighting Control Market, by Country, 2023 - 2030, USD Million
TABLE 16 LAMEA Security & Access Control Market, by Country, 2019 - 2022, USD Million
TABLE 17 LAMEA Security & Access Control Market, by Country, 2023 - 2030, USD Million
TABLE 18 LAMEA Home Appliances Market, by Country, 2019 - 2022, USD Million
TABLE 19 LAMEA Home Appliances Market, by Country, 2023 - 2030, USD Million
TABLE 20 LAMEA Entertainment & Other Controls Market, by Country, 2019 - 2022, USD Million
TABLE 21 LAMEA Entertainment & Other Controls Market, by Country, 2023 - 2030, USD Million
TABLE 22 LAMEA Smart Kitchen Market, by Country, 2019 - 2022, USD Million
TABLE 23 LAMEA Smart Kitchen Market, by Country, 2023 - 2030, USD Million
TABLE 24 LAMEA HVAC Control Market, by Country, 2019 - 2022, USD Million
TABLE 25 LAMEA HVAC Control Market, by Country, 2023 - 2030, USD Million
TABLE 26 LAMEA Smart Furniture Market, by Country, 2019 - 2022, USD Million
TABLE 27 LAMEA Smart Furniture Market, by Country, 2023 - 2030, USD Million
TABLE 28 LAMEA Others Market, by Country, 2019 - 2022, USD Million
TABLE 29 LAMEA Others Market, by Country, 2023 - 2030, USD Million
TABLE 30 LAMEA Smart Home Devices Market, by Country, 2019 - 2022, USD Million
TABLE 31 LAMEA Smart Home Devices Market, by Country, 2023 - 2030, USD Million
TABLE 32 Brazil Smart Home Devices Market, 2019 - 2022, USD Million
TABLE 33 Brazil Smart Home Devices Market, 2023 - 2030, USD Million
TABLE 34 Brazil Smart Home Devices Market, by Component, 2019 - 2022, USD Million
TABLE 35 Brazil Smart Home Devices Market, by Component, 2023 - 2030, USD Million
TABLE 36 Brazil Smart Home Devices Market, by Type, 2019 - 2022, USD Million
TABLE 37 Brazil Smart Home Devices Market, by Type, 2023 - 2030, USD Million
TABLE 38 Argentina Smart Home Devices Market, 2019 - 2022, USD Million
TABLE 39 Argentina Smart Home Devices Market, 2023 - 2030, USD Million
TABLE 40 Argentina Smart Home Devices Market, by Component, 2019 - 2022, USD Million
TABLE 41 Argentina Smart Home Devices Market, by Component, 2023 - 2030, USD Million
TABLE 42 Argentina Smart Home Devices Market, by Type, 2019 - 2022, USD Million
TABLE 43 Argentina Smart Home Devices Market, by Type, 2023 - 2030, USD Million
TABLE 44 UAE Smart Home Devices Market, 2019 - 2022, USD Million
TABLE 45 UAE Smart Home Devices Market, 2023 - 2030, USD Million
TABLE 46 UAE Smart Home Devices Market, by Component, 2019 - 2022, USD Million
TABLE 47 UAE Smart Home Devices Market, by Component, 2023 - 2030, USD Million
TABLE 48 UAE Smart Home Devices Market, by Type, 2019 - 2022, USD Million
TABLE 49 UAE Smart Home Devices Market, by Type, 2023 - 2030, USD Million
TABLE 50 Saudi Arabia Smart Home Devices Market, 2019 - 2022, USD Million
TABLE 51 Saudi Arabia Smart Home Devices Market, 2023 - 2030, USD Million
TABLE 52 Saudi Arabia Smart Home Devices Market, by Component, 2019 - 2022, USD Million
TABLE 53 Saudi Arabia Smart Home Devices Market, by Component, 2023 - 2030, USD Million
TABLE 54 Saudi Arabia Smart Home Devices Market, by Type, 2019 - 2022, USD Million
TABLE 55 Saudi Arabia Smart Home Devices Market, by Type, 2023 - 2030, USD Million
TABLE 56 South Africa Smart Home Devices Market, 2019 - 2022, USD Million
TABLE 57 South Africa Smart Home Devices Market, 2023 - 2030, USD Million
TABLE 58 South Africa Smart Home Devices Market, by Component, 2019 - 2022, USD Million
TABLE 59 South Africa Smart Home Devices Market, by Component, 2023 - 2030, USD Million
TABLE 60 South Africa Smart Home Devices Market, by Type, 2019 - 2022, USD Million
TABLE 61 South Africa Smart Home Devices Market, by Type, 2023 - 2030, USD Million
TABLE 62 Nigeria Smart Home Devices Market, 2019 - 2022, USD Million
TABLE 63 Nigeria Smart Home Devices Market, 2023 - 2030, USD Million
TABLE 64 Nigeria Smart Home Devices Market, by Component, 2019 - 2022, USD Million
TABLE 65 Nigeria Smart Home Devices Market, by Component, 2023 - 2030, USD Million
TABLE 66 Nigeria Smart Home Devices Market, by Type, 2019 - 2022, USD Million
TABLE 67 Nigeria Smart Home Devices Market, by Type, 2023 - 2030, USD Million
TABLE 68 Rest of LAMEA Smart Home Devices Market, 2019 - 2022, USD Million
TABLE 69 Rest of LAMEA Smart Home Devices Market, 2023 - 2030, USD Million
TABLE 70 Rest of LAMEA Smart Home Devices Market, by Component, 2019 - 2022, USD Million
TABLE 71 Rest of LAMEA Smart Home Devices Market, by Component, 2023 - 2030, USD Million
TABLE 72 Rest of LAMEA Smart Home Devices Market, by Type, 2019 - 2022, USD Million
TABLE 73 Rest of LAMEA Smart Home Devices Market, by Type, 2023 - 2030, USD Million
TABLE 74 Key Information – Johnson Controls International PLC
TABLE 75 Key Information – Schneider Electric SE
TABLE 76 Key Information – Siemens AG
TABLE 77 Key Information – Honeywell International, Inc.
TABLE 78 Key Information – Amazon.com, Inc.
TABLE 79 Key Information – Apple, Inc.
TABLE 80 Key Information – Google LLC
TABLE 81 Key Information – Robert Bosch GmbH
TABLE 82 Key Information – Raytheon Technologies Corporation
TABLE 83 Key Information – Samsung Electronics Co., Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 LAMEA Smart Home Devices Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Smart Home Devices Market
FIG 4 KBV Cardinal Matrix
FIG 5 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 6 Key Strategic Move: (Partnership & collaboration : 2019, DEC – 2024, Feb) Leading Players
FIG 7 Porter’s Five Forces Analysis – Smart Home Devices Market
FIG 8 LAMEA Smart Home Devices Market share, by Component, 2022
FIG 9 LAMEA Smart Home Devices Market share, by Component, 2030
FIG 10 LAMEA Smart Home Devices Market, by Component, 2019 - 2030, USD Million
FIG 11 LAMEA Smart Home Devices Market share, by Type, 2022
FIG 12 LAMEA Smart Home Devices Market share, by Type, 2030
FIG 13 LAMEA Smart Home Devices Market, by Type, 2019 - 2030, USD Million
FIG 14 LAMEA Smart Home Devices Market share, by Country, 2022
FIG 15 LAMEA Smart Home Devices Market share, by Country, 2030
FIG 16 LAMEA Smart Home Devices Market, by Country, 2019 - 2030, USD Million
FIG 17 Recent strategies and developments: Johnson Controls International PLC
FIG 18 SWOT Analysis: Johnson Controls International PLC
FIG 19 Recent strategies and developments: Schneider Electric SE
FIG 20 SWOT Analysis: Schneider Electric SE
FIG 21 Recent strategies and developments: Siemens AG
FIG 22 SWOT Analysis: Siemens AG
FIG 23 Recent strategies and developments: Honeywell International, Inc.
FIG 24 Swot analysis: Honeywell international, inc.
FIG 25 SWOT Analysis: Amazon.com, Inc.
FIG 26 SWOT Analysis: Apple, Inc.
FIG 27 SWOT Analysis: Google LLC
FIG 28 SWOT Analysis: Robert Bosch GmbH
FIG 29 SWOT Analysis: Raytheon Technologies Corporation
FIG 30 SWOT Analysis: Samsung Electronics Co., Ltd