The North America Smart Home Market was valued at $60666.2 Million in 2026 and projected to reach to $92182.4 Million by 2031, representing a compound annual growth rate of 7.2%. North America's smart home market is positioned for sustained expansion through 2031, supported by increasing consumer demand for convenience, energy efficiency, and security solutions.
North America's smart home market is expanding at 7.2% CAGR, outpacing the global average of 6.4%, driven by high consumer adoption of connected devices and home automation systems across the US, Canada, and Mexico.
The region is valued at $60,666.2 million in 2026 and projected to reach $92,182.4 million by 2031, representing a 51.9% increase over the five-year forecast period.
North America benefits from high digital literacy rates, advanced broadband infrastructure, and strong consumer purchasing power, accelerating IoT adoption in both residential and commercial segments.
The region encompasses three distinct markets—the US, Canada, and Mexico—each with unique growth dynamics, regulatory environments, and consumer preferences for smart home technologies.
| Report Metric | Details |
|---|---|
| Base Year | 2026 |
| Fastest Growing Segment | SOFTWARE & SERVICES (Smart Hvac Solution Type) |
| Forecast Period | 2026–2031 |
| Growth Rate | CAGR of 6.4% from 2026 to 2031 |
| Largest Segment | SMART ENTERTAINMENT & OTHER SYSTEMS (Product Type) |
| Market Size Base Year (Billions) | ~USD 95.97 (2026) |
| Revenue Forecast (Billions) | ~USD 130.86 (2031) |
| Segments Covered | Residence Type, Protocol & Communication Technology, Product Type, Smart Lighting Solution Type, Hardware Type, Lighting Control Type, Security & Access Control System Type, Video Surveillance Solution Type, Camera Type, Access Control System Type, Reader Type, Smart Lock Type, Smart Hvac Solution Type, Smart Entertainment & Other System Type, Audio Type, Video Type, Control Type, Smart Healthcare Solution, Smart Kitchen Appliance Type, Smart Home Gadget Type, Smart Furniture Type, Installation Type, Control Interface, End User, Application |
25 segment dimensions are covered across the global market.
| Company | HQ | Ownership | Strongest segments |
|---|---|---|---|
| SECOM CO., LTD. | Japan | Public Company | Security Services,Fire Protection Services,Medical Services, |
| PHILIPS | Netherlands | Public Company | Diagnostic Imaging (MR, CT, X-ray, Ultrasound),Image Guided Therapy Systems and Devices,Monitoring and Enterprise Informatics, |
| WHIRLPOOL CORPORATION | United States | Public Company | Laundry appliances and commercial laundry,Refrigerators, freezers, ice makers, and water filters,Cooking and dishwashers, |
| VEON LTD. | Netherlands | Public Company | Mobile connectivity (voice, messaging, data, roaming),Digital consumer services (video, music, super-apps, lifestyle),Fintech and mobile financial services, |
| LIBERTY GLOBAL PLC | United Kingdom | Public Company | Broadband Internet and Intelligent WiFi,Video and Entertainment Platforms,Mobile Services (Postpaid and Prepaid), |
| DSP GROUP, INC. | United States | Private Company | Ultra-low-power voice and audio SoCs for wearables,Connectivity chipsets (short-range wireless for wearables),Smart codecs and sensor-fusion DSPs, |
| TEXAS INSTRUMENTS INC | United States | Public Company | Analog – Power Management,Analog – Signal Chain,Embedded Processing (MCUs, processors, connectivity, radar), |
| FOXCONN INDUSTRIAL INTERNET CO LTD | China | Public Company | Server and Storage Hardware,Networking Equipment,Industrial Automation Systems, |
| TRUE CORPORATION PUBLIC COMPANY LIMITED | Thailand | Public Company | Mobile services (voice, data, devices),Broadband Internet and Wi-Fi,Pay TV and entertainment, |
| LENNOX INTERNATIONAL INC. | United States | Public Company | Residential furnaces, air conditioners, and heat pumps,Commercial unitary and rooftop HVAC (small package and RTUs),Refrigeration systems and components, |
| JOHNSON CONTROLS | Ireland | Public Company | HVAC equipment and systems,Building management and controls,Fire detection and suppression, |
| SCHNEIDER ELECTRIC | France | Public Company | Low- and medium-voltage products and switchgear,Building management, power metering, and smart devices,Industrial automation, drives, and control, |
| SIEMENS | Germany | Public Company | Digital Industries (automation, PLM, simulation),Smart Infrastructure (building, grid, electrification),Mobility (rail, automation, digital services), |
| HONEYWELL INTERNATIONAL INC. | United States | Public Company | Industrial Automation,Building Automation,Energy and Sustainability Solutions (UOP and related), |
| ASSA ABLOY | Sweden | Public Company | Mechanical locks, cylinders, and door hardware,Electronic and digital access solutions,Doors, frames, and entrance systems, |
| ADT | United States | Public Company | Monitored security and life-safety services,Smart home automation and interactive services,Video surveillance and smart cameras, |
| ROBERT BOSCH GMBH | Germany | Private Company | Mobility (powertrain, chassis, electronics, aftermarket, steering),Industrial Technology (drive, control, factory automation, packaging),Consumer Goods (power tools, home appliances, garden, measuring tools), |
| ABB | Switzerland | Public Company | Electrification,Motion,Automation, |
| APPLE INC. | United States | Public Company | iPhone,Mac,iPad, |
| AMAZON.COM, INC. | United States | Public Company | First-party online retail,Third-party marketplace services,Amazon Web Services (AWS), |
| ACUITY INC. | United States | Public Company | Acuity Brands Lighting (ABL) – core luminaires and fixtures,Lighting controls and intelligent luminaires (ABL),Distech Controls – Building Management Systems (AIS), |
| LEGRAND | France | Public Company | Wiring devices, switches, sockets, and boxes,Energy distribution, panels, switchboards, and UPS,Connected home, building control, and guestroom solutions, |
| DAIKIN INDUSTRIES LTD. | Japan | Public Company | Residential split/multi-split and unitary AC,VRV/VRF and packaged commercial systems,Air-to-water heat pumps and heating systems, |
SECOM CO., LTD. is a Japanese public company founded in 1962 with 65,094 employees.
Philips is a Dutch public company founded in 1891 with 64,317 employees.
Whirlpool Corporation is a United States public company founded in 1911 with 41,000 employees.
VEON Ltd. is a Dutch public company founded in 1992 with 18,938 employees.
Liberty Global PLC is a United Kingdom public company founded in 2004 with 6,636 employees.
DSP Group, Inc. is a United States private company founded in 1987 with 352 employees.
Texas Instruments Inc. is a United States public company founded in 1930 with 33,000 employees.
Foxconn Industrial Internet Co Ltd. is a Chinese public company founded in 2015 with 217,084 employees.
True Corporation Public Company Limited is a Thai public company founded in 1990.
Lennox International Inc. is a United States public company founded in 1895 with 5,400 employees.
Johnson Controls is an Irish public company founded in 1885 with 87,000 employees.
Schneider Electric is a French public company founded in 1836 with 158,122 employees.
Siemens is a German public company founded in 1847 with 310,312 employees.
Honeywell International Inc. is a United States public company founded in 1885 with 101,000 employees.
ASSA ABLOY is a Swedish public company founded in 1881 with 63,939 employees.
ADT is a United States public company founded in 1874 with 12,200 employees.
Robert Bosch GmbH is a German private company founded in 1886 with 412,774 employees.
ABB is a Swiss public company founded in 1883 with 112,700 employees.
Apple Inc. is a United States public company founded in 1976 with 166,000 employees.
Amazon.com, Inc. is a United States public company founded in 1994 with 1,576,000 employees.
Acuity Inc. is a United States public company founded in 2001 with 13,800 employees.
Legrand is a French public company founded in 1865 with 35,410 employees.
Daikin Industries Ltd. is a Japanese public company founded in 1924 with 104,095 employees.
| Country | 2025 size (native) |
|---|---|
| US | USD 18800.4 Million |
| Canada | USD 10309.9 Million |
| Mexico | USD 107386.2 Million |
The US smart home market is valued at $60,666.2 million in 2026, making it a significant segment within the global semiconductor and electronics industry.
The US smart home market is forecast to reach $92,182.4 million by 2031, representing substantial growth over the five-year forecast period.
The US smart home market is expected to grow at a compound annual growth rate of 7.2% from 2026 to 2031, outpacing the global average of 6.4%.
Key growth drivers in the US include increasing consumer adoption of IoT devices, advancements in AI and voice technology, 5G infrastructure expansion, and rising demand for energy-efficient home solutions.
The US smart home market grows faster than the global average, driven by higher digital literacy, robust broadband infrastructure, and strong consumer purchasing power for connected home technologies.
The study involved four major activities in estimating the current size of the smart home market. Exhaustive secondary research was conducted to gather information on the market, adjacent markets, and the overall high-end refractometer landscape. These findings, along with assumptions and projections, were validated through primary research involving interviews with industry experts and key stakeholders across the value chain. Both top-down and bottom-up approaches were utilized to estimate the overall market size. Subsequently, market breakdown and data triangulation techniques were applied to determine the sizes of various segments and subsegments. Two key sources, secondary and primary, were leveraged to conduct a comprehensive technical and commercial assessment of the smart home market.
The secondary research process referred to various secondary sources to identify and collect necessary information for this study. The secondary sources included annual reports, press releases, and investor presentations of companies; white papers; journals and certified publications; and articles from recognized authors, websites, directories, and databases. Secondary research was conducted to obtain key information about the industry’s supply chain, the market’s value chain, the total pool of key players, market segmentation according to the industry trends (to the bottom-most level), regional markets, and key developments from market- and technology-oriented perspectives. The secondary data was collected and analyzed to determine the overall market size, which is further validated through primary research.
Extensive primary research was conducted after gaining knowledge about the current scenario of the smart home market through secondary research. Several primary interviews were conducted with experts from the demand and supply sides across five major regions—North America, Europe, the Asia Pacific, South America, and the Middle East & Africa. This primary data was collected through questionnaires, emails, and telephonic interviews.

Notes: The three tiers of companies have been defined based on their total revenue as of 2025. The categorization given below has been applied:
Tier 1: >USD 1 billion, Tier 2: USD 250 million–USD 1 billion, and Tier 3: <USD 250 million.
Other designations include sales managers, marketing managers, and product managers
To know about the assumptions considered for the study, download the pdf brochure
The bottom-up approach has been employed to arrive at the overall size of the smart home market from the revenues of key players and their share. Calculations based on revenues of the key players identified in the market led to the estimation of the market’s overall size.

After arriving at the overall market size—using the market size estimation processes as explained above, the market was split into several segments and subsegments. To complete the entire market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from the demand and supply sides in the smart home market.
A smart home is incorporated with advanced automation systems that enable inhabitants to monitor and control the functions of the house. Smart home systems enable owners to control lights, heating, ventilation, and air conditioning (HVAC), security alarms, and other household devices remotely through their smartphones, tablets, or computers. Smart homes are equipped with wired and wireless communication technologies such as Wi-Fi, Bluetooth, universal powerline bus (UPB), Insteon, Z-Wave, and Zigbee to offer intelligent insights and details to homeowners by continuously monitoring various aspects of the homes. As part of the Internet of Things (IoT), smart home systems and devices often operate together, sharing consumer usage data and automating actions based on homeowners’ preferences.
According to Smart Home Energy, an association in the UK, smart homes use home automation technologies to provide homeowners with intelligent feedback and information by monitoring many aspects of a home. For example, a smart home’s refrigerator may be able to catalog its contents, suggest menus, recommend healthy alternatives, and order replacements as food is used up.
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