Control & Connectivity - LATAM
LATAM- Revenue in the Control & Connectivity market is projected to reach US$875.8m in 2024.
- Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 11.10%, resulting in a projected market volume of US$1.5bn by 2029.
- In the Control & Connectivity market, the number of active households is expected to amount to 39.7m users by 2029.
- Household penetration will be 8.3% in 2024 and is expected to hit 27.5% by 2029.
- The average revenue per installed Smart Home currently is expected to amount to US$75.99.
Definition:
The Control & Connectivity market 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.
Additional Information:
The market comprises revenue, average revenue per smart home, number of smart homes so as the household penetration rate by smart home, and key players. Figures are generated through both online and offline sales channels and include exclusive spending by consumers (B2C). Market leaders include Amazon and Google, renowned for their innovation, brand recognition, and expansive distribution channels within their respective categories. For more information on the data displayed, use the info button right next to the boxes.
In-Scope
- Gateways/hubs that are capable of controlling devices of all segments (e.g., Smart Home Zigbee 3.0 Gateway Smik)
- Smart speakers with a primary focus on control and digital assistants (e.g., Sonoro STREAM, Bose Smart Speaker 500)
- Control buttons and smart plugs/sockets (e.g., TP-Link KE100 KIT, Aoycocr Wi-Fi Smart Socket)
Out-Of-Scope
- Connected home appliances (see Smart Appliances)
- Multiroom speaker systems with a primary focus on entertainment (see Home Entertainment)
- Smartphones and tablets
- B2B/C2C sales of any kind (e.g., to hotels or office buildings)
