Control & Connectivity - Sri Lanka
Sri Lanka- The projected revenue for the Control & Connectivity market in Sri Lanka is expected to reach US$43.5m in 2024.
- This estimate is based on market analysis and trends.
- Looking ahead, the market is expected to grow at an annual growth rate (CAGR 2024-2028) of 6.83%.
- This growth trajectory would result in a projected market volume of US$56.7m by 2028.
- In terms of household adoption, the Control & Connectivity market is expected to see an increase in the number of active households.
- By 2028, it is projected that there will be approximately 731.5k users active households in Sri Lanka that are utilizing Control & Connectivity market technologies.
- The household penetration rate, which measures the percentage of households using Control & Connectivity market technologies, is expected to be 4.4% in 2024.
- However, it is anticipated to rise to 7.4% by 2028, indicating a growing market acceptance and adoption of these technologies among households in Sri Lanka.
- On average, the revenue generated per installed Smart_Home in Sri Lanka is currently estimated to be US$105.10.
- This figure represents the average amount of revenue generated from each Smart_Home installation in the country.
- In a global comparison, it is noteworthy that 0.0 generates the highest revenue in the Control & Connectivity market.
- In 2024, 0.0 is projected to generate revenue of 0.0.
- This highlights the significant market size and potential 0.0 compared to other countries.
- Overall, the Control & Connectivity market in Sri Lanka is expected to experience steady growth in terms of revenue, household adoption, and market penetration.
- These projections indicate a promising future for the industry in the country.
- Sri Lanka's control & connectivity market is experiencing a surge in demand for IoT solutions, driving innovation and digital transformation across industries.
- Key regions:
- Norway,
- United Kingdom,
- Asia,
- Sweden,
- United States
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.
In-Scope
- Gateways/hubs that are capable of controlling devices of all segments
- Smart speakers with a primary focus on control and digital assistants
- Control buttons and smart plugs/sockets
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)
