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).
Free Valuable Insights: The Smart Home Devices Market is Predict 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 U.S., Mexico, Canada, and Rest of North America.
By Component
By Type
By Country
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