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10% of Families of the World Will Become “Smart Homes” Before 2025

  • Author:Shenzhen Uniboo
  • Release on:2018-09-07
In 2017, as the Smart Home industry enters a new market structure, It is estimated that the market size in 2018 will reach 71 billion U.S. dollars. According to the GFK report, more than half believe that smart home will have an impact on their lives in the coming years, they believe that 10% of families of the world will become “Smart Homes” before 2025.

According to statista US smart home industry survey data show that in 2016 the US smart home market capacity of 9.7125 billion US dollars, becoming the world's largest smart home market capacity of the country. And The top five countries in the global smart home market are: USA, Japan, Germany, China, UK. Among them, the capacity of the smart home market in the United States was 9.7125 billion U.S. dollars, with 11.229 billion U.S. dollars in Japan, 926.6 million U.S. dollars in Germany, 520 million U.S. dollars in China and 477.5 million U.S. dollars in Britain.

In addition, from the growth rate of smart home penetration, the United States ranked first with 5.8%. The other four countries are Japan, Sweden, Germany and Norway, of which Japan is 1.3%, Sweden 1.3%, Germany 1.2% and Norway 1.2%.

Globally, "Smart Home Security and Control" and "Energy or Lighting" are the top choices for smart home applications, while Entertainment & Smart Connect ranks third, Health "and" smart appliances "tied for fourth place.

We have reason to believe that the future of the smart home industry will be very prosperous and bright.