The global household penetration rate in the 'Control & Connectivity' segment of the smart home market was forecast to continuously increase between 2023 and 2028 by in total 18.6 percentage points. After the ninth consecutive increasing year, the indicator is estimated to reach 27.2 percent and therefore a new peak in 2028. Notably, the household penetration rate of the 'Control & Connectivity' segment of the smart home market was continuously increasing over the past years.
Data provided by Statista Market Insights are estimates.
The Smart Home market Control & Connectivity includes the essential equipment (connected and remote-control devices) and services that are part of an intelligent home network. The segment includes smart speakers (Amazon Echo, Google Home, etc.), central control and communication units (hub/gateway), programmable control buttons (e.g. wall switches and adjustable dials) and smart plugs for the control of non-smart devices. Revenues are also generated from services that support these hardware elements such as control apps and connectivity services.
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Statista. (September 25, 2023). Penetration rate of the smart home segment control & connectivity worldwide from 2019 to 2028 [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/forecasts/887617/penetration-rate-of-smart-homes-in-the-segment-control-and-connectivity-in-the-world
Statista. "Penetration rate of the smart home segment control & connectivity worldwide from 2019 to 2028." Chart. September 25, 2023. Statista. Accessed November 23, 2024. https://www.statista.com/forecasts/887617/penetration-rate-of-smart-homes-in-the-segment-control-and-connectivity-in-the-world
Statista. (2023). Penetration rate of the smart home segment control & connectivity worldwide from 2019 to 2028. Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/forecasts/887617/penetration-rate-of-smart-homes-in-the-segment-control-and-connectivity-in-the-world
Statista. "Penetration Rate of The Smart Home Segment Control & Connectivity Worldwide from 2019 to 2028." Statista, Statista Inc., 25 Sep 2023, https://www.statista.com/forecasts/887617/penetration-rate-of-smart-homes-in-the-segment-control-and-connectivity-in-the-world
Statista, Penetration rate of the smart home segment control & connectivity worldwide from 2019 to 2028 Statista, https://www.statista.com/forecasts/887617/penetration-rate-of-smart-homes-in-the-segment-control-and-connectivity-in-the-world (last visited November 23, 2024)
Penetration rate of the smart home segment control & connectivity worldwide from 2019 to 2028 [Graph], Statista, September 25, 2023. [Online]. Available: https://www.statista.com/forecasts/887617/penetration-rate-of-smart-homes-in-the-segment-control-and-connectivity-in-the-world
