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.
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)
North America 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
- 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
TABLE 1 North America Smart Home Devices Market, 2019 - 2022, USD Million
TABLE 2 North America 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 North America Smart Home Devices Market, by Component, 2019 - 2022, USD Million
TABLE 7 North America Smart Home Devices Market, by Component, 2023 - 2030, USD Million
TABLE 8 North America Solutions Market, by Country, 2019 - 2022, USD Million
TABLE 9 North America Solutions Market, by Country, 2023 - 2030, USD Million
TABLE 10 North America Services Market, by Country, 2019 - 2022, USD Million
TABLE 11 North America Services Market, by Country, 2023 - 2030, USD Million
TABLE 12 North America Smart Home Devices Market, by Type, 2019 - 2022, USD Million
TABLE 13 North America Smart Home Devices Market, by Type, 2023 - 2030, USD Million
TABLE 14 North America Lighting Control Market, by Country, 2019 - 2022, USD Million
TABLE 15 North America Lighting Control Market, by Country, 2023 - 2030, USD Million
TABLE 16 North America Security & Access Control Market, by Country, 2019 - 2022, USD Million
TABLE 17 North America Security & Access Control Market, by Country, 2023 - 2030, USD Million
TABLE 18 North America Home Appliances Market, by Country, 2019 - 2022, USD Million
TABLE 19 North America Home Appliances Market, by Country, 2023 - 2030, USD Million
TABLE 20 North America Entertainment & Other Controls Market, by Country, 2019 - 2022, USD Million
TABLE 21 North America Entertainment & Other Controls Market, by Country, 2023 - 2030, USD Million
TABLE 22 North America Smart Kitchen Market, by Country, 2019 - 2022, USD Million
TABLE 23 North America Smart Kitchen Market, by Country, 2023 - 2030, USD Million
TABLE 24 North America HVAC Control Market, by Country, 2019 - 2022, USD Million
TABLE 25 North America HVAC Control Market, by Country, 2023 - 2030, USD Million
TABLE 26 North America Smart Furniture Market, by Country, 2019 - 2022, USD Million
TABLE 27 North America Smart Furniture Market, by Country, 2023 - 2030, USD Million
TABLE 28 North America Others Market, by Country, 2019 - 2022, USD Million
TABLE 29 North America Others Market, by Country, 2023 - 2030, USD Million
TABLE 30 North America Smart Home Devices Market, by Country, 2019 - 2022, USD Million
TABLE 31 North America Smart Home Devices Market, by Country, 2023 - 2030, USD Million
TABLE 32 US Smart Home Devices Market, 2019 - 2022, USD Million
TABLE 33 US Smart Home Devices Market, 2023 - 2030, USD Million
TABLE 34 US Smart Home Devices Market, by Component, 2019 - 2022, USD Million
TABLE 35 US Smart Home Devices Market, by Component, 2023 - 2030, USD Million
TABLE 36 US Smart Home Devices Market, by Type, 2019 - 2022, USD Million
TABLE 37 US Smart Home Devices Market, by Type, 2023 - 2030, USD Million
TABLE 38 Canada Smart Home Devices Market, 2019 - 2022, USD Million
TABLE 39 Canada Smart Home Devices Market, 2023 - 2030, USD Million
TABLE 40 Canada Smart Home Devices Market, by Component, 2019 - 2022, USD Million
TABLE 41 Canada Smart Home Devices Market, by Component, 2023 - 2030, USD Million
TABLE 42 Canada Smart Home Devices Market, by Type, 2019 - 2022, USD Million
TABLE 43 Canada Smart Home Devices Market, by Type, 2023 - 2030, USD Million
TABLE 44 Mexico Smart Home Devices Market, 2019 - 2022, USD Million
TABLE 45 Mexico Smart Home Devices Market, 2023 - 2030, USD Million
TABLE 46 Mexico Smart Home Devices Market, by Component, 2019 - 2022, USD Million
TABLE 47 Mexico Smart Home Devices Market, by Component, 2023 - 2030, USD Million
TABLE 48 Mexico Smart Home Devices Market, by Type, 2019 - 2022, USD Million
TABLE 49 Mexico Smart Home Devices Market, by Type, 2023 - 2030, USD Million
TABLE 50 Rest of North America Smart Home Devices Market, 2019 - 2022, USD Million
TABLE 51 Rest of North America Smart Home Devices Market, 2023 - 2030, USD Million
TABLE 52 Rest of North America Smart Home Devices Market, by Component, 2019 - 2022, USD Million
TABLE 53 Rest of North America Smart Home Devices Market, by Component, 2023 - 2030, USD Million
TABLE 54 Rest of North America Smart Home Devices Market, by Type, 2019 - 2022, USD Million
TABLE 55 Rest of North America Smart Home Devices Market, by Type, 2023 - 2030, USD Million
TABLE 56 Key Information – Johnson Controls International PLC
TABLE 57 Key Information – Schneider Electric SE
TABLE 58 Key Information – Siemens AG
TABLE 59 Key Information – Honeywell International, Inc.
TABLE 60 Key Information – Amazon.com, Inc.
TABLE 61 Key Information – Apple, Inc.
TABLE 62 Key Information – Google LLC
TABLE 63 Key Information – Robert Bosch GmbH
TABLE 64 Key Information – Raytheon Technologies Corporation
TABLE 65 Key Information – Samsung Electronics Co., Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 North America 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 North America Smart Home Devices Market share, by Component, 2022
FIG 9 North America Smart Home Devices Market share, by Component, 2030
FIG 10 North America Smart Home Devices Market, by Component, 2019 - 2030, USD Million
FIG 11 North America Smart Home Devices Market share, by Type, 2022
FIG 12 North America Smart Home Devices Market share, by Type, 2030
FIG 13 North America Smart Home Devices Market, by Type, 2019 - 2030, USD Million
FIG 14 North America Smart Home Devices Market share, by Country, 2022
FIG 15 North America Smart Home Devices Market share, by Country, 2030
FIG 16 North America 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