Smart Home Automation Market is projected to reach USD 417.97 Billion by 2032

From GlobeNewswire: 2025-07-01 09:15:00

The Smart Home Automation Market was valued at USD 78.01 Billion in 2023 and is projected to reach USD 417.97 Billion by 2032, growing at a CAGR of 20.53%. Demand for smart home systems is driven by consumer desire for security, convenience, and energy efficiency, with IoT-compatible devices allowing remote control of homes.

The U.S. Smart Home Automation Market is expected to reach USD 19.90 Billion in 2023 and grow at a CAGR of 20.08%. Integration of AI with voice assistants and advancements in wireless technology like 5G are making real-time automation easier. Government regulations promoting energy savings and smart infrastructure are further propelling market expansion.

In 2023, North America led the Smart Home Automation market with a 34.8% share, while Asia Pacific is expected to witness the fastest growth from 2024 to 2032. The high disposable income in North America and increasing urbanization and smartphone use in Asia Pacific are key factors influencing market trends.

Samsung’s release of SmartThings Energy Flex Connect in 2024 and Ecobee’s partnership with Airzone in 2025 are recent developments in the industry. These initiatives aim to optimize energy consumption, enable demand response, and promote green home management through smart automation of devices and HVAC systems.



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