Smart Living Market Report 2025 (Global Edition)

Global Smart Living Market Report 2025 Market Size Split by Technology (Artificial Intelligence (AI), Internet of Things (IoT), Big Data & Analytics, Cloud Computing, Blockchain, 5G Technology, Edge C...

Smart Living Market Report Description

We have various report editions of Smart Living Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.

Smart Living Market Insights Video

Competitive Landscape of the Smart Living Market

The smart living market capabilities a competitive landscape with important players like Amazon, Google, Apple, and Samsung leading in smart home technology. New entrants and startups are also rising, that specialize in niche answers. Companies compete on innovation, product integration, and user revel, while partnerships with IoT companies and advancements in synthetic intelligence force differentiation and marketplace boom.

In janaury 2023, In an attempt to strengthen its position in the smart home industry, Apple said that it is developing an updated version of its Apple TV and a new tablet that will be more affordable and akin to the iPad. The present market leaders in voice-activated smart devices, Google and Amazon, are seen as facing competition from this trend. Source: https://www.fonearena.com/blog/383384/apple-smart-display-new-apple-tv-rumor.html In April 2022, In an effort to broaden its offering in home automation, ABB Ltd. and Samsung Electronics Co., Ltd. started working together. New clients will find it simpler to save expenses and improve the environment as a result of the partnership. Source: https://news.samsung.com/global/samsung-announces-abb-partnership-expanding-smartthings-support-for-residential-commercial-buildings

Top Companies Market Share in Smart Living Industry: (In no particular order of Rank)

• LG Electronics
• Inc.
• Siemens AG
• Amazon.com
• Inc.
• Google Nest (Google LLC)
• Samsung Electronics Co.
• Ltd.
• Schneider Electric SE
• Legrand S.A.
• Robert Bosch GmbH
• Assa Abloy AB
• Sony Group Corp.
• ABB
• Ltd.
• Philips Lighting B.V.
• Honeywell International
• Inc.
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Smart Living Market

Which Region Dominates the Smart Living Market in 2024?

According to Cognitive Market Research, North America currently dominates the Smart Livings market, and the region is expected to have significant growth during the projected period. The Smart Living Market in North America is experiencing substantial growth, pushed by growing purchaser calls for domestic automation, energy efficiency, and stronger protection. Technological advancements, coupled with growing urbanization and a focus on sustainable living, are propelling innovation and the adoption of clever gadgets throughout residential spaces inside the vicinity.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The Smart Living Market within the Asia-Pacific location is increasing hastily due to rising urbanization, multiplied disposable earnings, and a growing preference for linked devices. Government initiatives promoting clever cities and advancements in IoT technology are fostering innovation, making clever home solutions extra available to consumers across numerous markets.

The current report Scope analyzes Smart Living Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Smart Living Market Analysis

According to Cognitive Market Research, the global Smart Living market size was estimated at USD 85142.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 34057.00 million in 2024 and will grow at a compound annual growth rate (CAGR) of 26.4% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Smart Living market with a market size of USD 26870.97 million in 2024 and is projected to grow at a CAGR of 26.2% during the forecast period. The U.S. market's urbanization trends.
• The Canada Smart Living market had a market share of USD 4086.84 million in 2024 and is projected to grow at a CAGR of 27.2% during the forecast period. Canada’s increased disposable income.
• The Mexico Smart Living market is projected to witness growth at a CAGR of 26.9% during the forecast period, with a market size of USD 3099.19 million in 2024.

Europe Smart Living Market Analysis

According to Cognitive Market Research, the global Smart Living market size was estimated at USD 85142.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 25542.75 million in 2024 and will grow at a compound annual growth rate (CAGR) of 26.7% from 2024 to 2031.

• The United Kingdom Smart Living market had a market share of USD 4291.18 million in 2024 and is projected to grow at a CAGR of 27.5% during the forecast period. In the UK, Smart Living sales witness an upswing due to the technological innovations.
• The France Smart Living market is projected to witness growth at a CAGR of 25.9% during the forecast period, with a market size of USD 2349.93 million in 2024.
• According to Cognitive Market Research, the German Smart Living market size was valued at USD 5057.46 million in 2024 and is projected to grow at a CAGR of 26.9% during the forecast period. In Germany, Smart Living surged due to the energy efficiency demands.
• The Italy Smart Living market is projected to witness growth at a CAGR of 26.1% during the forecast period, with a market size of USD 2196.68 million in 2024.
• The Russia Smart Living market is projected to witness growth at a CAGR of 25.7% during the forecast period, with a market size of USD 3959.13 million in 2024.
• The Spain Smart Living market is projected to witness growth at a CAGR of 25.8% during the forecast period with a market size of USD 2094.51 million in 2024
• The Luxembourg Smart Living market is projected to witness growth at a CAGR of 26.8% during the forecast period, with a market size of USD 791.83 million in 2024.
• The Portugal Smart Living market is projected to witness growth at a CAGR of 26.5% during the forecast period, with a market size of USD 536.40 million in 2024.
• The Greece Smart Living market is projected to witness growth at a CAGR of 27.0% during the forecast period, with a market size of USD 306.51 million in 2024.
• The Rest of Europe's Smart Living market is projected to witness growth at a CAGR of 25.4% during the forecast period, with a market size of USD 3959.13 million in 2024.

Asia Pacific Smart Living Market Analysis

According to Cognitive Market Research, the global Smart Living market size was estimated at USD 85142.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 19582.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 30.2% from 2024 to 2031.

• According to Cognitive Market Research, the China Smart Living market size was valued at USD 8812.25 million in 2024 and is projected to grow at a CAGR of 29.7% during the forecast period. Smart Living surged in China due to aging population needs.
• The Japan Smart Living market is projected to witness growth at a CAGR of 28.7% during the forecast period, with a market size of USD 2702.42 million in 2024.
• The India Smart Living market had a market share of USD 2349.93 million in 2024 and is projected to grow at a CAGR of 32.0% during the forecast period. India's rising smartphone adoption.
• The South Korean Smart Living market is projected to witness growth at a CAGR of 29.3% during the forecast period, with a market size of USD 1958.28 million in 2024.
• The Australian Smart Living market is projected to witness growth at a CAGR of 29.9% during the forecast period, with a market size of USD 1018.30 million in 2024.
• The South East Asia Smart Living market is projected to witness growth at a CAGR of 31.2% during the forecast period, with a market size of USD 1351.21 million in 2024.
• The Rest of Asia Pacific Smart Living market is projected to witness growth at a CAGR of 30.0% during the forecast period, with a market size of USD 1390.38 million in 2024.

South America Smart Living Market Analysis

According to Cognitive Market Research, the global Smart Living market size was estimated at USD 85142.5 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 4257.13 million in 2024 and will grow at a compound annual growth rate (CAGR) of 27.6% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Smart Living market size was valued at USD 1822.05 million in 2024 and is projected to grow at a CAGR of 28.2% during the forecast period. Smart Livings flourished in Brazil due to IoT advancements.
• Argentina's Smart Living market had a market share of USD 715.20 million in 2024 and is projected to grow at a CAGR of 28.5% during the forecast period. Argentina's consumer convenience preferences.
• Colombia Smart Living market is projected to witness growth at a CAGR of 27.4% during the forecast period, with a market size of USD 378.88 million in 2024.
• Peru Smart Living market is projected to witness growth at a CAGR of 27.8% during the forecast period, with a market size of USD 349.08 million in 2024.
• Chile Smart Living market is projected to witness growth at a CAGR of 27.9% during the forecast period, with a market size of USD 306.51 million in 2024.
• The Rest of Latin America's Smart Living market is projected to witness growth at a CAGR of 26.7% during the forecast period, with a market size of USD 685.40 million in 2024.

Middle East Smart Living Market Analysis

According to Cognitive Market Research, the global Smart Living market size was estimated at USD 85142.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 1702.85 million in 2024 and will grow at a compound annual growth rate (CAGR) of 27.9% from 2024 to 2031..

• The GCC Countries Smart Living market is projected to witness growth at a CAGR of 28.7% during the forecast period, with a market size of USD 728.82 million in 2024. Smart Living sales flourish due to the environmental sustainability focus.
• The Egypt Smart Living market is projected to witness growth at a CAGR of 28.2% during the forecast period, with a market size of USD 178.80 million in 2024.
• The South Africa Smart Living market is projected to witness growth at a CAGR of 28.9% during the forecast period, with a market size of USD 269.05 million in 2024. Smart Living sales flourished in South Africa due to government smart city initiatives.
• The Turkey Smart Living market is projected to witness growth at a CAGR of 27.4% during the forecast period, with a market size of USD 146.45 million in 2024.
• The Nigeria Smart Living market is projected to witness growth at a CAGR of 27.0% during the forecast period, with a market size of USD 178.80 million in 2024.
• The Rest of the MEA Smart Living market is projected to witness growth at a CAGR of 26.9% during the forecast period, with a market size of USD 200.94 million in 2024.

Smart Living Market Analysis

Smart Living Market Technology Segment Analysis

According to Cognitive Market Research, Artificial Intelligence (AI) are likely to dominate the Smart Living Market over the forecast period. Artificial Intelligence (AI) is substantially using growth in the Smart Living Market by using enabling personalized person reports, enhancing automation, and improving device interoperability. AI-powered systems facilitate smart domestic management, predictive preservation, and advanced safety features, making homes extra green and user-friendly, thus accelerating adoption among customers searching for revolutionary living solutions.

The Internet of Things (IoT) is the fastest-growing segment in the Smart Living Market. The Internet of Things (IoT) is fueling growth inside the Smart Living Market via connecting devices and enabling seamless communique among them. This interconnectivity complements domestic automation, power control, and protection functions, imparting consumers with more manage and convenience. As IoT technology advances, adoption costs for clever domestic solutions keep to upward push.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Smart Living Industry. Request a Free Sample PDF!

Smart Living Market Application Segment Analysis

According to Cognitive Market Research, the Smart Homes segment holds the largest share of the market. The Smart Homes phase is hastily developing inside the Smart Living Market, driven by using growing patron hobby in home automation, energy performance, and stronger safety. Innovations in clever appliances, lighting fixtures, and security structures are fostering more comfort and comfort, main to substantial adoption and remodeling of traditional residing areas into clever environments.

In the Smart Living Market, the Smart Healthcare has been expanding at a rapid pace. Smart Healthcare is notably advancing the Smart Living Market by integrating technology into domestic fitness solutions. Innovations, which include faraway tracking, telemedicine, and clever clinical devices, empower customers to control their fitness proactively. This shift complements accessibility, improves patient outcomes, and fosters a healthier lifestyle, driving sizeable adoption of smart healthcare answers.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Smart Living Component Segment Analysis

Smart Living Market Component Segment Analysis

According to Cognitive Market Research, Hardware segment holds the largest market share. Hardware advancements are driving the Smart Living Market by using supplying innovative gadgets that decorate home automation and connectivity. Smart sensors, appliances, and safety structures permit seamless integration, and user manipulation. As producers attention on developing consumer-friendly, strength-efficient hardware, client demand for smart domestic answers continues to grow, fostering marketplace enlargement.

In the Smart Living market, the rapidly growing sector is Software & Services. Software and offerings are crucial to the growth of the Smart Living Market, presenting the necessary systems for tool control, records analytics, and user interaction. Cloud-primarily based answers and cell programs decorate connectivity and functionality, permitting personalized experiences and efficient automation. This synergy between software and hardware drives the huge adoption of clever dwelling answers.

• Hardware
• Software & Services

Smart Living Connectivity Segment Analysis

Smart Living Market Connectivity Segment Analysis

According to Cognitive Market Research, the Wired segment dominates the market. Wired technology is experiencing an increase in the Smart Living Market due to its reliability and excessive-velocity connectivity. Wired structures, including Ethernet and powerline networking, offer strong connections for smart gadgets, ensuring seamless communique and statistics transfer. This enhances the universal device's overall performance and encourages clients to undertake clever domestic answers with confidence.

Wireless is projected to be the fastest-growing segment in the Smart Living market. Wireless generation is swiftly developing the Smart Living Market by means of enabling convenient, bendy connectivity for smart devices. Innovations in Wi-Fi, Bluetooth, and Zigbee facilitate seamless communique and integration, allowing purchasers to control their smart homes from everywhere. This enhanced convenience and mobility power considerable adoption of wireless clever residing answers.

• Wired
• Wireless

Author's Detail

Aarti Bagekari

Research Associate at Cognitive Market Research

LinkedIn

Profile

I am Aarti Bagekari, worked as a research associate with strong passion for transforming complex information into strategic insights. My strong analytical skills, coupled with a deep understanding of market dynamics and consumer behavior, empower me to identify hidden opportunities and proactively mitigate risks for clients. As a part of team, I possess a skills in data analysis, segmentation, competitive landscape.

Author's Conclusion