Smart Home - Bangladesh
Bangladesh- The projected revenue in the Smart Home market for Bangladesh is expected to reach US$476.6m in 2024.
- This indicates a positive growth trend for the country's Smart Home market.
- Additionally, it is estimated that the market will continue to expand at an annual growth rate of 12.39% from 2024 to 2028.
- As a result, the projected market volume is expected to reach US$760.5m by 2028.
- In terms of household participation, the number of active households in the Smart Home market is projected to reach [users_currentlayer_yearend] by 2028 in Bangladesh.
- This suggests a growing interest and adoption of Smart Home market technologies among households in the country.
- Household penetration, which measures the proportion of households that have adopted Smart Home market technologies, is expected to increase from 4.8% in 2024 to 8.1% by 2028.
- Currently, the average revenue per installed Smart Home market in Bangladesh is expected to amount to US$254.60.
- This indicates the average amount of revenue generated per Smart Home market installation in the country.
- When compared globally, it is interesting to note that United States generates the highest revenue in the Smart Home market.
- In 2024, United States is projected to generate revenue of US$38.8bn.
- This highlights the significant market size and potential United States, indicating its dominance in the global Smart Home market industry.
- The Smart Home market in Bangladesh is experiencing rapid growth with an increasing adoption of home automation systems.
The Smart Home market constitutes the sale of networked devices and related services that enable home automation for private end users (B2C). Considered are devices that are connected directly or indirectly via a so-called gateway to the Internet. Their main purposes are the control, monitoring and regulation of functions in a private household.
The remote control and monitoring of individual devices and, if applicable, their direct communication with one another (Internet of Things), is an essential component of intelligent home automation. Therefore, services which are necessary for the maintenance or control of the household network are also considered, e.g. subscription fees for control apps or external monitoring services.
Devices whose primary function is not the automation or remote control of household equipment, e.g. smartphones and tablets, are not included here. Similarly, devices that relate to household connection and remote control only to a limited extent, such as smart TVs, are not included either.
In-Scope
- Digitally connected and controlled devices within a house that can be remote controlled
- Sensors, actuators and cloud services that support automation in any way
- Control hubs to connect sensors and actuators with remote controls and to each other
- B2C hardware and software sales as well as subscription fees
Out-Of-Scope
- Smart TVs
- B2B/C2C sales of any kind (e.g. to hotels or office buildings)
