Control & Connectivity - Qatar | Statista Market Forecast

Revenue in the Control & Connectivity market is projected to reach US$11.3m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 7.43%, resulting in a projected market volume of US$16.2m by 2029.
In the Control & Connectivity market, the number of active households is expected to amount to 180.5k users by 2029.
Household penetration will be 21.0% in 2024 and is expected to hit 36.4% by 2029.
The average revenue per installed Smart Home currently is expected to amount to US$112.50.

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 Qatar is experiencing significant growth and development due to various factors. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors all contribute to the expansion of this industry in the country.

Customer preferences in Qatar are shifting towards more advanced control and connectivity solutions. As technology continues to evolve, customers are seeking innovative and efficient ways to control and connect various devices and systems. This includes smart home automation, industrial automation, and connected vehicles.

The demand for seamless integration and ease of use is driving the market towards more sophisticated control and connectivity solutions. Trends in the market indicate a growing emphasis on internet of things (IoT) and cloud-based technologies. Qatar is witnessing an increase in the adoption of IoT devices and applications across various industries.

This includes smart cities, healthcare, transportation, and energy management. The ability to remotely control and monitor devices and systems through cloud platforms is becoming increasingly important. This trend is driving the growth of the Control & Connectivity market in Qatar.

Local special circumstances in Qatar also contribute to the development of the Control & Connectivity market. The country has a strong focus on digitalization and innovation as part of its National Vision 2030. Qatar aims to become a knowledge-based economy and leverage technology to drive economic growth and development.

This focus on digital transformation creates a favorable environment for the Control & Connectivity market to flourish. Underlying macroeconomic factors further support the growth of the Control & Connectivity market in Qatar. The country has a high GDP per capita and a strong economy driven by sectors such as oil and gas, construction, and finance.

This provides a solid foundation for businesses to invest in advanced control and connectivity solutions. Additionally, Qatar has a young and tech-savvy population that is eager to adopt new technologies, further fueling the demand for control and connectivity products and services. In conclusion, the Control & Connectivity market in Qatar is developing rapidly due to customer preferences, market trends, local special circumstances, and underlying macroeconomic factors.

The shift towards advanced control and connectivity solutions, the adoption of IoT and cloud-based technologies, the focus on digitalization, and the strong economy all contribute to the growth of this industry in Qatar.

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.