Smart home market seen topping $479 billion by 2030

The smart home market is projected to surge past $479 billion by 2030, driven by connected devices, energy management, and home security demand. The Business Research Company says Asia-Pacific will be the largest regional market and security and access control will remain the biggest product segment.

Why it matters: - The smart home market is moving from niche adoption to mainstream household infrastructure. - The category’s growth reflects rising demand for convenience, energy savings, and remote security control. - The market’s expansion is also reshaping competition among tech, electronics, and home automation brands.

What happened: - The Business Research Company published its Smart Home Global Market Report 2026, covering market size, trends, and forecasts through 2035. - The report forecasts the smart home market will surpass $479 billion by 2030, with a 22% compound annual growth rate. - Smart home solutions are projected to represent nearly 9% of the broader electrical and electronics market, which is expected to reach $5,579 billion by 2030.

The details: - Security and access control is expected to be the largest segment by 2030, reaching about $130 billion and 27% of the market. - Growth in that segment is tied to smart locks, video doorbells, connected surveillance cameras, facial recognition, edge video analytics, real-time alerts, emergency response integration, and better interoperability. - The market is segmented by component into software, services, and hardware. - Sales channels are split between direct and indirect models. - The technology split includes wireless and cellular network-based solutions. - Widespread adoption of home automation and IoT devices is expected to add about 1.5% annual growth. - Energy efficiency and sustainable living are expected to add roughly 1.0% yearly growth. - Demand for enhanced home security and remote monitoring is expected to add around 0.8% annual growth. - Asia-Pacific is projected to be the largest regional market by 2030 at $172 billion, up from $53 billion in 2025, with a 27% CAGR. - The United States is projected to reach $127 billion by 2030 from $52 billion in 2025, with a 20% CAGR.

Between the lines: - The report shows a fragmented market, with the top 10 companies generating just 22% of revenue in 2025. - Alphabet Inc. (Google LLC) led global smart home sales in 2025 with a 4% share. - Amazon.com Inc. also held about 4%, followed by Apple Inc. at 3%. - Samsung Electronics, ABB Ltd., and General Electric Company each held about 2%. - Honeywell International Inc., ADT Inc., Schneider Electric SE, and Legrand SA each held about 1%. - The competitive picture suggests scale, interoperability, cybersecurity, and ongoing product innovation remain key barriers and advantages. - Wireless automation is becoming a bigger differentiator because it simplifies installation, improves connectivity, and supports scalable device management. - ABB Ltd. introduced ABB-free@home wireless with system access point 3.0 in February 2026, offering smart home control and integration with other ecosystems.

What's next: - The report expects eight product segments to add more than $305 billion in value by 2030. - Lighting control is projected to grow by $35 billion, security and access control by $89 billion, HVAC control by $38 billion, entertainment controls by $18 billion, smart speakers by $45 billion, smart kitchens by $20 billion, home appliances by $53 billion, and smart furniture by $7 billion between 2025 and 2030. - Smart home vendors are likely to keep investing in AI-powered automation, interoperable IoT platforms, and broader connected living ecosystems. - The report points to continued collaboration and regional expansion as the market matures.

The bottom line: - Smart home demand is growing fast, but the competitive field remains open enough that ecosystem scale and interoperability may matter as much as brand recognition.