Smart Home Market Growth Driven by Rising Adoption of AI-Powered Devices
The global smart home market size was valued at USD 127.80 billion in 2024 and is projected to reach USD 537.27 billion by 2030, growing at a CAGR of 27.0% from 2025 to 2030. The market is witnessing a surge in AI-powered devices, enhancing automation and user experience across products like cameras, smart lighting, streaming devices, and appliances. The increasing adoption of connected technologies is transforming residential environments by enabling greater convenience, energy efficiency, security, and remote accessibility. Consumers are increasingly embracing smart home solutions that provide seamless control over household functions through mobile applications, voice assistants, and integrated digital platforms. The rapid expansion of internet connectivity, advancements in wireless communication technologies, and growing awareness regarding home automation are supporting the growth of the smart home industry. Smart devices are becoming more sophisticated, offering personali...