全球智能家居市场前景及投资研究报告-培训课件外文版2024.5小米

INDUSTRIES

&

MARKETSSmart

Home:

market

data

&analysisMarket

Insights

reportSeptember2023Table

of

ContentsOverviewAppendixSummary45UserDemographicsProductOverviewAuthor106113121MarketDefinitionKeyTakeawaysMarketnumbersKeyplayer

landscapeTrendanalysisKey

marketindicators67121417MarketsSmartAppliancesControl

&ConnectivitySecurity274155688194HomeEntertainmentComfort&LightingEnergy

Management2MARKET

INSIGHTSMarket

Insights

–

market

data,forecasts,

and

qualitative

insightsGainabetterunderstandingofmarketsacross190+

geographicalentities

–

onaglobal,

regional,country,

and/orstatelevel.

Accessourdatavia

webinterface,download(XLS,

PDF,PPT),or

reports.Benefitfromour48-hourcustomerservice

guarantee.•

10

sectors:

advertising&media,consumers,countries,digital

sector,finance,health,

industrialsector,mobility,andtechnology•

1,000+

markets,

e.g.,

FinTech,Food,or

Robotics•

KPIs,

e.g.,

revenue,marketshares,prices,andvolume•

Features:Compare

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support,resourceallocation,andportfolio

management10sectors190+geographicalentities1,000+markets400+reportsFind

out

more

on:https://www.Goto

Market

Insightscom/outlook/3CHAPTER

1OverviewThe

Matter

Standard

and

5G

networks

are

boosting

smart

home

adoptionOverview:

SummarySummaryThusfar,theSmartHome

market

hasbeen

faced

with

challenges

interms

ofcompatibility

between

devices.

Different

ecosystems,

variouscommunicationprotocols,

andthelackof

auniversal

standard

limit

consumer

optionsand

oftencausecomplications

during

installation.

Inlightof

this,the

new

common

standardcalled

Matter

(formerly

“Connected

Home

over

IP”or

“CHIP”),

which

is

supportedby200

companies

includingAmazon,Apple,

Google,

andSamsung,presents

apromising

phaseforSmartHome

technologies.

Itwould

enablecommunicationbetween

alldevices

thatusethestandard,

regardless

ofmanufacturer.

Thefirstproducts

usingMatterare

set

to

bereleased

inlate2022,

which

could

causeanoticeable

increase

insmart

home

adoption

by2023.

Atthesame

time,

theproliferation

of5G

networks

worldwide

will

alsoinfluencethecapabilitiesofsmart

home

devices.

5G,the

fifthgeneration

of

wireless

technology,

isexpectedtoreach

speeds

tentofifty

times

fasterthancurrent

4G

networks.

With

it,moredata

canbeshared

between

smart

home

devices,

andthese

devices

will

beabletoconnect

with

other

data-intensiveapplicationssuchas3D

games,augmentedreality

and

virtualreality,

smart

citytechnologies,

and

self-driving

cars.Thetransitionto5G

networks

perfectly

coincides

with

theadoption

ofthenewMatter

standard,

andthesetwo

factorscombined

could

provide

asignificantboost

fortheSmart

Home

market

from

2023

onward.5Sources:Market

Insights

2023Defining

the

Smart

Home

MarketOverview:

Market

definitionMarket

definitionInscopeOutof

scopeTheSmart

Home

market

constitutesthesaleof

networked

devices

and

relatedservices

thatenablehome

automation

forprivate

endusers

(B2C).

Considered

aredevices

thatareconnected

directly

or

indirectly

viaaso-called

gateway

to

theInternet.

Their

mainpurposes

are

the

control,

monitoring

andregulation

offunctionsinaprivatehousehold.Thismarket

includes:Thismarket

excludes:•

Digitally

connected

and

controlleddevices

within

ahouse

thatcanberemote

controlled•

Smart

TVs•B2B/C2C

sales

ofanykind(e.g.

tohotels

or

office

buildings)Theremote

control

andmonitoring

ofindividualdevices

and,ifapplicable,

theirdirect

communication

withone

another(Internet

ofThings),isanessentialcomponent

of

intelligent

home

automation.

Therefore,

services

thatare

necessaryforthemaintenanceor

control

ofthehousehold

network

are

alsoconsidered,

e.g.,subscription

fees

forcontrol

appsor

external

monitoring

services.•

Sensors,

actuatorsand

cloudservices

thatsupportautomationinanyway•

Control

hubsto

connect

sensorsandactuatorswith

remote

controlsandto

each

otherDevices

whose

primary

function

is

nottheautomation

or

remote

control

ofhousehold

equipment,e.g.,smartphones

and

tablets,arenot

includedhere.Similarly,

devices

thatrelate

tohousehold

connection

andremote

control

only

to

alimited

extent,

suchassmart

TVs,are

notincludedeither.•

B2C

hardware

and

software

salesaswell

assubscription

fees6Sources:Market

Insights

2023Smart

Home

Market

revenue

to

reach$134.83bn

in

2023Overview:

Key

TakeawaysKeytakeawaysRevenue

intheSmartHome

market

isprojected

toreach

US$134.83bn

in2023.Revenue

is

expected

toshow

anannualgrowth

rate(CAGR(1)

2023-2028)

of11.42%,resulting

inaprojected

market

volume

of

US$231.57bn

by2028.IntheSmart

Home

market,

thenumberof

activehouseholds

is

expected

toamount

to

785.16m

by2028.Household

penetration

will

be16.4%

in2023

andisexpected

tohit33.2%

by2028.Theaverage

revenue

per

installedSmart

Home

currently

is

expected

toamounttoUS$373.80.Aglobalcomparison

reveals

thatmost

revenue

isgenerated

inthe

United

States(US$34,670m

in2023).7Notes:(1)

CAGR:

Compound

Annual

GrowthRate/average

growthrate

per

yearMarket

Insights

2023Sources:Smart

Home

Market

revenue

is

estimated

to

increase

at

a

CAGR(1)

of

17.5%

from2017

to

2028Market

size:

globalGlobal

revenue

forecast

inbillionUS$231.6212.515.113.8

20.219.3193.5+17.5%(1)12.6

18.516.9

18.0174.011.315.1154.435.916.829.910.013.3134.832.915.726.88.811.613.5114.514.623.77.548.9103.36.944.89.712.240.65.26.79.312.18.811.620.627.72.43.639.4

5.25.93.34.76.67.978.036.44.35.98.210.166.913.517.523.332.160.6202415.820.852.992.284.515.629.176.768.752.644.339.48.311.0

24.819.314.020172018201920202021202220232025202620272028Smart

AppliancesControl

&ConnectivitySecurityHome

EntertainmentComfort

&LightingEnergy

Management8Notes:(1)

CAGR:

Compound

Annual

GrowthRate/average

growthrate

per

yearMarket

Insights

2023Sources:China

shows

the

biggest

growth

in

SmartHome

revenue

with

a

CAGR(1)

of

15.4%Market

size:

regional

comparisonrevenue

forecast

inbillionUS$+13.1%(1)95.8+10.0%(1)67.8+10.7%(1)58.851.842.135.4+9.3%(1)+13.0%(1)5.63.820283.62.1202320282023202320282023202820232028EuropeAfricaAmericasAsiaAustralia&Oceania9Notes:(1)

CAGR:

Compound

Annual

GrowthRateMarket

Insights

2023Sources:The

global

number

of

smart

homes

are

expected

to

increase

from2017

to

2028Market

user:

globalGlobal

numberofsmart

homesforecast

inmillionUS$785.2672.5576.2493.5422.2360.7307.8262.7224.22020191.42019163.82018140.620172021202220232024202520262027202810Sources:Market

Insights

2023COVID-19

pandemic

and

the

Russian-Ukrainian

war

have

had

a

mixed

impact

onthe

smart

home

marketCOVID-19

and

Russia-Ukraine

war

impact(1):

Smart

Home

forecastGlobal

Smart

Home

revenue

change

forecast34%Ingeneral,

consumer

electronics

were

affected

byCOVID-19

asstores

were

closedandsupplychainswere

adversely

impacted.

Themarket

is

strongly

connected

toconsumer

spendingforappliancesandservices

connected

tothehousehold

andtherefore

dropped

dueto

reduced

spending

inthese

areas.

Additionally,thepandemic

hasled

toashifttowards

remote

work,

which

hasalso

contributed

to

thedemand

forsmart

home

technology

as

people

look

forwaystocreate

acomfortable

andproductivehome

officeenvironment.33%26%18%17%TheRussian-Ukrainian

war

hasalsohad

animpacton

thesmart

home

market,althoughitislikely

to

bemore

indirect.

Theconflicthasdisrupted

supplychainsanddisruptedtheflowof

goods

and

services

intheregion,

which

could

potentiallyaffecttheavailabilityof

smart

home

products.

Additionally,theeconomic

downturncaused

bythe

pandemicandthe

ongoing

conflictmay

lead

to

adecrease

inconsumer

spendingon

non-essential

items,

includingsmart

home

technology.14%13%11%11%10%9%2018

2019

2020

2021

2022

2023

2024

2025

2026

2027

202811

Notes:Sources:(1)

COVID-19

impact

onSmartHome

revenue

is

constantly

followed

and

will

be

updated

regularly;thus,

forecastsubject

tochangeMarket

Insights

2023The

Smart

Home

market

comprises

both

start-ups

and

established

companiesKey

playerlandscapeRepresentative

Smart

Home

keyplayersbytypeandsegment(1)ControlandComfortandLightningHomeEntertainmentEnergyManagementConnectivityIoTSecuritySmart

AppliancesDedicated

segmentcompaniesPlayers

entering

themarket

from

foreignindustries12

Notes:Sources:(1)

Key

player

overviewdoes

not

representthe

entire

marketlandscapeMarket

Insights

2023A

smart

home

ecosystem

consists

of

many

intersections

and

entry

pointsSmart

Home

ecosystemSupplysideRetailDemand

side/customerecosystemCONTROL

DEVICESPLATFORMSoftwaretocontroldevicesINTERNETe.g.,

Smartphone,

tabletorconnectedbuttonsEnablesremoteaccessWEBSITESOwnedorthird-partyControl

andConnectivityMANUFACTUREROffersdevicesGATEWAYProvidesconnectivitySTORESOwnedorthird-partySMART

HOMEDEVICESSensors/actuatorstoautomatethehomeSERVICE

PROVIDEROfferscontrolsoftware/platform,

connectivity,additionalservicesTECHNICIANSSell,installandmaintainsystemComfort

andHomeEntertainmentEnergyManagementSmartAppliancesSecurityLightingDEVICES

AND/OR

SERVICESDATA

AND/OR

REVENUE13Sources:Market

Insights

2023Integration

is

the

key

to

success

in

the

smart

home

businessTrendanalysis(1/3)Cross-segment

integrationWhile

manycompanies

used

tosee

thesingle

smart

home

segments

asclearly

distinguishableinthepast,we

havebeenobserving

ashiftinthisunderstandingforsome

time.

Customers

donotwant

productswhose

functionsarelimited

tosinglepurposes

suchasenergy

management

or

security

needs,

but

prefer

devices

thatmeet

all

thepotential

needs

and

demandsthey

mighthave.

Thismeansthatplayers

inthemarket

need

to

either

implement

functionsthatthey

previously

considered

outof

theirsegment,

or

atleast

provide

thepossibility

to

easily

connect

other

products

to

theplatform/ecosystem.Smart

assistantsNext

tothe

smartphone,

which

already

serves

asaquitecomfortable

controlling

device

for

smart

home

products,we

seemany

userscontrolling

devices

withsmart

assistantssuchasSiri,Alexaor

Cortana.WithAmazon’s

introduction

of

itsEchoassistant,thespeakingdevices

became

partof

thesmart

home.

Google

followed

with

itsGoogle

Home

device,

DingDong

byLingLong

was

introduced

andApple’s

HomePod

aswell

as

Baidu’sRaven

followed

in2019,

alsoSamsung

announceditsGalaxyHome

speaker.

Ontheonehand,

those

assistantsoffer

anotherpossibility

tocontrol

peripheral

devices;

ontheother

hand,they

offerahigher

level

ofAIlearning

totheSmart

Home:

SmartHome

devices

(e.g.

athermostat)

learn

certain

patternsin

anisolated

way,but

Smart

Assistantscould

takethese

tothenext

level

bysynchronizing

andoptimizing

cross-devicecommunication

andthus

orchestrating

functionalitiesand

automatingobnoxious

procedures

inahousehold.14Sources:Market

Insights

2023Moving

past

the

early

adopter

stage,

the

market

still

shows

a

diverse

key

playerlandscapeTrendanalysis(2/3)Multiplekey

playerlandscapeIoT

initiativesbyGoogle,

Apple,Amazon

or

Alibabahavealready

changedthesmart

home

landscapenoticeably,providingopportunities

forallkindsof

companies,

but

they

havealsoforced

market

consolidation.

Thebigtechplayers

are

rapidlyexpandingtheirproduct

portfolios

inthesmart

home

fieldwith

hugeinvestments,

e.g.

Amazon

acquired

Ring

in2019

forUS$1billion

or

Google

which

acquired

Nest

forUS$3.2

billionbackin2014.

Nevertheless,

several

market

segments

stillhavenoclearmarket

leader.

We

believe

thatthesmart

home

industrywill

emerge

asarobust

environment

with

multiplekey

players

withstrong

brandsinevery

segment.

Manufacturers,

telcos,

energy

suppliers,

medium-sized

companies

or

start-upsstill

havechancesinthefuture,where

practically

every

product

homes

will

beconnected

inaneconomical

way

with

theinternet.Data

sharingandsecurityconcernsTheconnection

ofevery

device,

more

sophisticated

AI-driven

services,

and

thegathering

ofagiganticamount

ofdatawill

bringabigchallenge

fordata

transfer

solutions.

Sharingthedata

of

homeowners

with

businesses

will

probably

foster

growth

of

newindividualizedtechnologies

and

services

inthe

market.

Datathatare

shared

with

smart

devices

will

therefore

beof

greatinterest

tocompanies.

Considering

the

handling

of

allthese

data,

security

concerns

will

become

even

more

relevant.Consumers

arealready

worried

aboutdatasecurity

breaches

inthecontext

of

smart

homes

andproviders

mustrespond

tothese

concerns.

Sincethere

are

currently

nominimumrequirements,

there

is

no

standardforimplementing

cybersecurity

intosmart

devices.

All

relevant

providers

should

approachthese

issues

fromacost

andvalueperspective.

AstheIoTmarketevolves

andmore

consumers

arewilling

to

convert

toconnected

homes,

market

demand

will

increase.15Sources:Market

Insights

2023Other

markets

will

integrate

into

the

smart

home

businessTrendanalysis(3/3)Usage-based

insurancesThetwomain

areas

where

smart

or

usage-based

insurancesrecord

thegreatest

advancements

areconnected

cars

andsmarthomes.

Theideaissimple:

people

who

livecarefully

shouldpayless

fortheirinsurancethanpeople

who

aremore

likely

tobeintheneed

foraninsurancepayment.

Afewyears

ago,suchusage-based

approaches

were

not

possible,

but

with

theintroduction

of

avariety

of

sensors,

theyare

today.Withthose

sensors

itis

possible

to

identify

whatkindof

behavior

ispotentially

dangerous,

and

thefrequency

withwhich

consumers

behaveinarisky

way

canberecorded

aswell.

This

wayinsurances

canbecome

more

accurate.

Obviously

bothsides

benefit:

Consumers

canbenefit

from

lower

fees

andinsurancesfrom

fewer

claims.

Theonly

problematic

aspect

thatremains

isdata

security.Cross-market

integrationAsmentioned

previously,

consumers

ratherwant

smart

home

devices

which

potentially

connect

toother

areas.

Thisappliestothesegments

on

theone

hand,

but

alsodifferent

areas

inlifeingeneral.

Considering,

forexample,

theentertainmentsegment,

customers

want

thesame

availabilityof

streaming

services

inallsituations(household,

car,phone).

Thus,itisnecessary

forcompanies

in

thesmart

home

market

to

ensure

compatibility

withcross-industry

services

suchasmediastreaming.

Next

to

theinsurancebusiness(see

above),

eCommerce

is

worthy

ofbeing

integrated,

astherecent

trend

of

dashbuttonsshows.

These

one-click

purchases

arelikely

tobecome

automated

even

furtheras

customers

arelikely

to

want

certainthingssuchastoilet

paperor

laundrydetergents

reordered

onaregular

basis.

Theseare

only

afew

examples

of

possible

waysinwhich

smart

homes

will

beintegrated

inabroader

context.16Sources:Market

Insights

2023Several

key

market

indicators

are

responsible

for

a

growing

digital

infrastructureKey

market

indicators:

digitalinfrastructureoverviewInternetUsersConnection

Speed75.7%

of

theglobalpopulation

usestheinternet

onamonthlybasis.Increasing

internet

penetration

buildsthebaseforusingsmart

home.31.3

Mbits/sis

theglobal

average

internet

connection

speed.

Asconnection

speeds

improve,

services

such

ashigh-qualityvideosand3D

simulation

become

available.Broadband

SubscriptionsSmartphone

Penetration84.3

mobilesubscriptionsper

100

Capita

was

theglobalnumberforbroadbandsubscriptions,

which

isacrucialindicatorto

establish

digitalservices.74.5%

of

theglobalpopulation

usessmartphones

on

amonthlybasis.17Sources:Market

Insights

2023Internet

penetration

is

especially

high

in

some

European

countries

and

the

U.S.,with

China

not

so

far

behindKey

market

indicators:

internet

penetrationInternetpenetration

in202394%90%89%85%84%Ø

86.2%81%79%EuropeØ75.7%GlobalU.S.SpainUKGermanyFranceItalyChina18Sources:Market

Insights

2023From

a

global

perspective,

broadband

subscriptions

and

connection

speed

arecontinuously

increasingKey

market

indicators:

mobile

broadbandsubscriptionsandaverage

connection

speedGlobal

mobile

broadband

subscriptionsandaverage

connectionspeed92.248.190.643.788.739.586.635.384.884.381.980.276.471.264.431.327.423.720.317.214.411.920172018201920202021202220232024202520262027Mobile

broadbandsubscription

per

100

capitaAvgconnection

speed19Sources:Market

Insights

2023Over

76%

of

the

Chinese

population

own

a

smartphoneKey

market

indicators:

smartphone

penetrationSmartphone

penetration

in202393%93%93%90%85%Ø84.0%Europe76%75%Ø74.5%GlobalUKSpainU.S.GermanyFranceChinaItaly20Sources:Market

Insights

2023Consumer

behavior

and

socioeconomic

indicators

play

an

important

role

for

thesmart

home

marketKey

market

indicators:

socioeconomic

and

consumer

electronics

overviewPopulationConsumerSpendingThenumberof

individuals

(allages)

is7,682

million.Thenumberof

individualslivinginacountry

isakey

indicatorof

themarket

size.Theaverage

consumer

spendingper

capita

of

privatehouseholds

was

US$

14,117.

Knowing

theexpenditure

percapitagivesnecessary

insightsintopricedevelopments

and

theaverage

willingness

topay.DemographicsUrban

PopulationTheshareofolderpeopleinthepopulation

increases,

aswellasachangewithin

the

shareof

males

and

females

towardsmore

females.57.8%

of

thepopulationlives

inurbanareas.

Thegradualshiftof

thepopulation

fromrural

tourbanareas

isaconstantphenomenon.

Themost

urbanized

regions

generally

haveahighdemandfor

smart

home.21Sources:Market

Insights

2023China

has

by

far

the

largestpopulation,

accounting

for

more

than

19%

of

thetotal

populationKey

market

indicators:

population(1/2)Population

inmillionin20231,4333408368655948ChinaU.S.GermanyUKFranceItalySpain22Sources:Market

Insights

2023Although

more

boys

than

girls

are

born,

the

sex-ratio

changes

over

time

sincewomen

live

longerKey

market

indicators:

population(2/2)Share

ofage

groupsbygender

ofthetotal

population

in20230.0%

100+

0.0%0.0%

95-99

0.0%0.1%0.2%0.4%90-9485-8980-8475-7970-7465-6960-6455-5950-5445-4940-4435-3930-3425-2920-2415-1910-145-90.2%0.4%0.6%0.8%1.0%1.2%1.5%1.7%1.9%2.2%2.0%2.5%2.6%2.9%3.0%2.9%2.9%3.3%3.2%3.6%3.8%3.8%3.9%4.1%4.3%4.4%8.3%3.5%3.7%3.6%3.7%3.8%4.0%4.1%4.0%0-4MaleFemale23Sources:

UNCTADSTATPer-head

consumption

expenditure

in

the

U.S.

is

about

10

times

higher

than

inChinaKey

market

indicators:

consumer

spendingConsumerspending

percapitainUS$

in202352,67733,36727,80025,505France22,10918,906SpainØ21,561EuropeØ

14,117Global5,360ChinaU.S.UKGermanyItaly24Sources:Market

Insights

202375%

of

the

European

and

57%

of

the

global

population

are

living

in

urban

areasKey

market

indicators:

urbanpopulationUrban

population

sharein202386%83%82%80%78%74%Ø75%66%EuropeØ

57%GlobalUKU.S.FranceSpainGermanyItalyChina25Sources:Market

Insights

2023Table

of

ContentsOverviewAppendixSummary45UserDemographicsProductOverviewAuthor106113121MarketDefinitionKeyTakeawaysMarketnumbersKeyplayer

landscapeTrendanalysisKey

marketindicators67121417MarketsSmartAppliancesControl

&ConnectivitySecurity274155688194HomeEntertainmentComfort&LightingEnergy

Management26CHAPTER

2Markets:

Smart

AppliancesSmart

Appliances

revenues

are

estimated

to

increase

at

a

CAGR(1)

of

18.7%

from2017

to

2028Market

Size:

Globalrevenue

forecast

inbillionUS$92.2084.4676.7568.72+18.7%(1)52.5660.6544.3239.43202129.13202024.82201919.31201814.032017202220232024202520262027202828

Notes:Sources:(1)

CAGR:

Compound

Annual

GrowthRateMarket

Insights

2023With

revenue

of

US$

25.2

billion,

Asia

is

the

biggest

market

among

selectedregions

in

2023Market

Size:

Regional

Comparison

(1/2)revenue

forecast

inbillionUS$+12.8%(1)46.0+11.2%(1)21.1+11.0%(1)21.425.2+12.4%(1)+10.2%(1)12.412.70.81.520281.420232.220232028202320232028202320282028EuropeAfricaAmericasAsiaAustralia&Oceania29

Notes:Sources:(1)

CAGR:

Compound

Annual

GrowthRateMarket

Insights

2023With

revenue

of

US$

3.2

billion,

Japan

is

the

biggest

market

among

selectedcountries

in

2023Market

Size:

Regional

Comparison

(2/2)revenue

forecast

inbillionUS$+15.3%(1)+12.1%(1)6.6+13.3%(1)+10.4%(1)5.45.04.33.33.02.72.6+14.3%(1)1.20.62023202820232028202320282023202820232028United

KingdomGermanyBrazilJapanSouthKorea30

Notes:Sources:(1)

CAGR:

Compound

Annual

GrowthRateMarket

Insights

2023Smart

Appliances

average

revenue

per

smart

home

is

estimated

to

decreasefrom2017

to

2028Market

Size:

Globalaverage

revenue

persmart

home

forecast

inUS$500459.1455.3431.8428.645040035030025020015010050411.2371.2338.8300.8262.0224.8189.72027158.720280201720182019202020212022202320242025202631Sources:Market

Insights

2023Americas

has

the

biggest

value

for

Smart

Appliances

average

revenue

per

smarthome

in

2028Market

Size:

Regional

Comparison

(1/2)average

revenue

persmart

home

forecast

inUS$1,000920.0908.1900800814.6750.1717.7713.2632.1686.6588.3681.0700

635.6600623.8581.5550.2567.2501.0539.6466.8423.3467.1421.7514.8443.2399.9500340.1327.5

284.5272.1374.4319.7370.9400332.4184.4334.6166.3344.1184.5239.2236.8306.7180.2307.6168.9281.5227.8278.3154.6247.6173.8248.2138.73002001000216.5189.1130.680.0185.4108.4156.493.7122.3201720182019202020212022202320242025202620272028AfricaAsiaEuropeAmericasAustralia&Oceania32Sources:Market

Insights

2023With

average

revenue

per

smart

home

of

US$631.2,

the

United

Kingdom

is

thebiggest

market

amongselected

countries

in

2023Market

Size:

Regional

Comparison

(2/2)average

revenue

persmart

home

forecast

inUS$891.4806.5784.3889.0828.5871.8777.99008007006005004003002001000776.7749.2800.9662.6732.0666.8640.3628.3631.2720.0581.9527.0686.2537.7534.0529.3451.0603.6602.2390.1476.0379.5448.1407.3523.6527.7419.7313.9339.2367.9257.0362.32019348.02018336.2369.8214.4290.0261.4260.5265.4242.5244.2312.5186.9217.1125.9202.8177.3166.9144.1155.7101.9202780.720282017202020212022SouthKorea2023202420252026BrazilGermanyJapanUnitedKingdom33Sources:Market

Insights

2023Smart

Appliances

smart

home

are

estimated

to

increase

from2017

to

2028Market

Size:

Globalsmart

homesforecast

inmillion581.1600550500445.145040035030025020015010050341.5262.3201.62024155.12023119.4202292.070.854.542.132.5020172018201920202021202520262027202834Sources:Market

Insights

2023Asia

has

the

biggest

number

of

Smart

Appliances

smart

homes

in

2028Market

Size:

Regional

Comparison

(1/2)smart

homesforecast

inmillion400350300351.9268.025020015010050204.2155.790.652.8118.740.2111.789.569.130.623.485.270.117.80.517.317.33.113.313.82.411.110.21.765.27.10.97.98.938.33.349.955.121.743.44.229.4

34