Control & Connectivity - Niger | Statista Market Forecast

Revenue in the Control & Connectivity market is projected to reach US$1.6m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 13.37%, resulting in a projected market volume of US$3.0m by 2029.
In the Control & Connectivity market, the number of active households is expected to amount to 118.4k users by 2029.
Household penetration will be 1.2% in 2024 and is expected to hit 2.1% by 2029.
The average revenue per installed Smart Home currently is expected to amount to US$28.61.

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.

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)

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)

The Control & Connectivity market in Niger is experiencing significant growth and development.

Customer preferences: Customers in Niger are increasingly demanding control and connectivity solutions to enhance their daily lives and improve their productivity. The rapid adoption of smartphones and other smart devices has created a strong demand for products and services that enable seamless connectivity and control over various aspects of their lives. As a result, there is a growing preference for smart home automation systems, remote monitoring and control solutions, and IoT-enabled devices.

Trends in the market: One of the key trends in the Control & Connectivity market in Niger is the increasing adoption of smart home automation systems. These systems allow homeowners to control and monitor various aspects of their homes, such as lighting, security systems, temperature, and entertainment devices, through a centralized platform. This trend is driven by the desire for convenience, energy efficiency, and improved security. Another trend in the market is the growing popularity of remote monitoring and control solutions. These solutions enable users to remotely monitor and control devices and systems, such as security cameras, HVAC systems, and industrial equipment, from anywhere using their smartphones or other connected devices. This trend is particularly relevant for businesses and organizations that need to manage and control multiple locations or assets. The Internet of Things (IoT) is also playing a significant role in the development of the Control & Connectivity market in Niger. The increasing number of connected devices and sensors is creating new opportunities for control and connectivity solutions. IoT-enabled devices, such as smart appliances, wearable devices, and connected cars, are becoming more prevalent in Niger, driving the demand for control and connectivity solutions that can seamlessly integrate and manage these devices.

Local special circumstances: Niger is a developing country with a growing middle class and increasing urbanization. These factors contribute to the rising demand for control and connectivity solutions. As more people move to urban areas and adopt modern lifestyles, there is a greater need for technologies that can enhance their daily lives and provide convenience and efficiency.

Underlying macroeconomic factors: The economic growth in Niger, coupled with the increasing disposable income of the population, is driving the demand for control and connectivity solutions. As people become more affluent, they are willing to invest in technologies that can improve their quality of life and provide them with greater control and connectivity. In conclusion, the Control & Connectivity market in Niger is experiencing significant growth and development. Customer preferences for convenience, energy efficiency, and improved security are driving the demand for smart home automation systems, remote monitoring and control solutions, and IoT-enabled devices. The increasing urbanization and economic growth in Niger are contributing to the rising demand for control and connectivity solutions.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the sales of smart home products, excluding taxes.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on a specific rationale for each market category. As a basis for evaluating markets, we use the Statista Global Consumer Survey, market data from independent databases and third-party sources, and Statista interviews with market experts. In addition, we use relevant key market indicators and data from country-specific associations, such as household internet penetration and consumer spending for households. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting innovative products due to the non-linear growth of technology adoption. The main drivers are GDP/capita, level of digitization, and consumer attitudes toward smart home integration.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated once a year, in case market dynamics change we do more frequent updates.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.

Smart homes use connected devices and appliances to perform actions, tasks, and automated routines to save money, time, and energy. They are the ongoing revolution of the humble home appliance mixed with AI, robotics, and improvement in IoT technologies. AI in particular, speeding up response times and working as an automation bridge between homeowner and home is already having an impact.