United States Connected Homes Market was valued at USD 25 Billion in 2022 and is projected to reach USD 80 Billion by 2030, growing at a CAGR of 16% from 2024 to 2030.
The US Connected Homes Market is rapidly evolving, driven by the increasing integration of advanced technology into everyday living spaces. With smart devices becoming a fixture in households across the country, the demand for connected home systems is on the rise. This market is fueled by a growing preference for convenience, energy efficiency, and enhanced security. The convergence of Internet of Things (IoT) technologies with home automation is paving the way for smarter homes that can adapt to the needs of their inhabitants.
As more homeowners seek to streamline their living environments, industries are responding with an ever-expanding array of products. Connected homes are no longer limited to smart thermostats and security cameras. The market now includes everything from lighting systems to voice-controlled appliances, creating fully integrated ecosystems within the home. The industry is responding to this demand by providing a wide range of devices that offer increased control over everything from energy usage to home entertainment systems.
One of the key drivers of the Connected Homes Market in the US is the requirement for increased security and surveillance. As concerns about home safety rise, more consumers are turning to connected systems to monitor and control access to their homes remotely. With features like motion detection, live video feeds, and remote locking capabilities, connected security systems are quickly becoming a standard feature in modern homes. This trend is also being influenced by rising crime rates and the desire for peace of mind.
Moreover, the requirement for energy-efficient solutions is another major factor driving growth in the Connected Homes Market. As electricity prices climb and the need for sustainable living becomes more pressing, homeowners are increasingly turning to smart home technology to optimize energy usage. Smart thermostats, lighting controls, and appliances that adjust based on usage patterns can lead to significant savings while also reducing environmental impact.
Industries, particularly those in the real estate and technology sectors, are noticing these shifts and working to meet the rising demand. Builders are incorporating connected home technologies into new constructions, while tech companies continue to innovate with new products and services aimed at enhancing the connected home experience. In the coming years, the integration of artificial intelligence (AI) and machine learning (ML) will likely further transform the Connected Homes Market, enabling homes to anticipate and respond to their residents' needs autonomously.
The US Connected Homes Market continues to grow as technology advances and consumer expectations evolve. Whether it's security, energy management, or convenience, connected homes are transforming the way people live, offering an ever-expanding array of possibilities for smarter, more efficient living.
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Honeywell
Siemens
Schneider
ABB
Johnson Controls
Emerson
Samsung
LG
United Technologies
Crestron Electronics
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Connected Homes Market
Smart Lighting
Smart Thermostats
Smart Security Systems
Smart Appliances
Smart Entertainment Systems
Smart Home Hubs
Wi-Fi
Bluetooth
Zigbee
Z-Wave
Thread
Powerline Communication
Residential
Commercial
Industrial
Healthcare Facilities
Hospitality
Educational Institutions
Home Automation
Energy Management
Security & Surveillance
Healthcare Monitoring
Entertainment Control
Environmental Monitoring
Millennials
Gen X
Baby Boomers
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Connected Homes Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Connected Homes Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Connected Homes Market, By Type
6. US Connected Homes Market, By Application
7. US Connected Homes Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Connected Homes Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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