This statistic presents the smart home market revenue in Germany in 2016, and provides a forecast thereof until 2022, broken down by market segment. Home entertainment smart home revenue in Germany is expected to grow from approximately 223 million U.S. dollars in 2017 to around 501 million U.S. dollars in 2022. An overview of all Digital Markets can be found here. Statista’s Digital Market Outlook offers forecasts, detailed market insights and essential performance indicators of the most significant areas in the “Digital Economy”, including various digital goods and services. Alongside revenue forecasts for 50 countries worldwide, Statista offers additional insights into consumer trends and demographic structure of digital consumer markets.
Smart home market revenue in Germany from 2016 to 2022, by segment
(in million U.S. dollars)
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. Smart Home solutions can roughly be divided into two groups: Integrated Smart Home: A single occupant home or households in multi-unit dwellings that are equipped with a central control unit (gateway) which is connected to the Internet and from which a large number of networked devices can be connected with one another. Integrated Smart Homes use devices from at least two market segments. Stand-alone Smart Home: An isolated application that does not necessarily use a central control unit, serves a single purpose and can be directly controlled (e.g. via a router) from a smart device. Included are all Smart Homes that include devices from only one segment. 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. The market is split into the following segments: Control and Connectivity, Comfort and Lighting, Security Home, Entertainment, Energy Management, Smart Appliances.
Further information on methodology can be found here.
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Statista (Digital Market Outlook). (April 1, 2018). Smart home market revenue in Germany from 2016 to 2022, by segment (in million U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/480448/smart-home-revenue-digital-market-outlook-germany-by-segment/
Statista (Digital Market Outlook). "Smart home market revenue in Germany from 2016 to 2022, by segment (in million U.S. dollars)." Chart. April 1, 2018. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/480448/smart-home-revenue-digital-market-outlook-germany-by-segment/
Statista (Digital Market Outlook). (2018). Smart home market revenue in Germany from 2016 to 2022, by segment (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/480448/smart-home-revenue-digital-market-outlook-germany-by-segment/
Statista (Digital Market Outlook). "Smart Home Market Revenue in Germany from 2016 to 2022, by Segment (in Million U.S. Dollars)." Statista, Statista Inc., 1 Apr 2018, https://www.statista.com/statistics/480448/smart-home-revenue-digital-market-outlook-germany-by-segment/
Statista (Digital Market Outlook), Smart home market revenue in Germany from 2016 to 2022, by segment (in million U.S. dollars) Statista, https://www.statista.com/statistics/480448/smart-home-revenue-digital-market-outlook-germany-by-segment/ (last visited November 21, 2024)
Smart home market revenue in Germany from 2016 to 2022, by segment (in million U.S. dollars) [Graph], Statista (Digital Market Outlook), April 1, 2018. [Online]. Available: https://www.statista.com/statistics/480448/smart-home-revenue-digital-market-outlook-germany-by-segment/