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2022 Global Smart Home Forecast - January 2022



Report Summary:

Global consumer spending on smart home related hardware, services and installation fees totaled $132B in 2021, a 38% increase over the $95B spent in 2020 depressed by economic conditions brought on by the COVID-19 pandemic. This is a 7% increase over our prior forecast for 2021 of $123B made in June 2021. This growth was driven by projects postponed in 2020 being implemented in 2021. Spending is expected to increase 8.8% in 2022 to $143B and continue to grow at a 7.7% CAGR to a total of $208B in 2027.

By 2027, more than 530M homes worldwide, or 23% of all households, will have at least one type of smart system installed. This forecast data table is updated semi-annually and presents Strategy Analytics' forecast and key planning assumptions for the global Smart Home Systems and Services market for the period 2012 to 2027.

It includes detailed projections for smart home segments such as interactive security, remote and whole home control, digital health care, whole home and remote entertainment systems, and smart appliances. This forecast also provides separate country breakouts for India, Japan and Korea.


Table of Contents

1. Title

2. Contents

3. The Story

4. Analysis

5. North America

6. Canada

7. United States

8. Western Europe

9. Denmark

10. Finland

11. France

12. Germany

13. Italy

14. Norway

15. Spain

16. Sweden

17. UK

18. Rest of Western Europe

19. Asia Pacific

20. China

21. India

22. Japan

23. South Korea

24. Rest of Asia Pacific

25. Central & Eastern Europe

26. Middle East & Africa

27. Central & Latin America

28. Argentina

29. Brazil

30. Mexico

31. Rest of Central & Latin America

32. Global Total

33. Coverage

34. Definitions

35. Methodology

36. Contacts

37. Flat File

 

For Each Region_Country

Households

Growth Yr-over-Yr %

Fixed-Line Broadband Penetration

Growth Yr-over-Yr %

Fixed-Line Broadband Households (M)

Growth Yr-over-Yr %

Security Systems & Services

% HHs with Prof. Monitored Security

Growth Yr-over-Yr %

% HH w/Traditional Sec

Growth Yr-over-Yr %

%ALL HH  w/Interactive Security

Growth Yr-over-Yr %

 

Traditional Security

# HHs with Trad. Prof. Mon. Security

Annual Monitoring Revenue -- Traditional Security

Total Annual Security System Sales

Annual Hardware Revenue

Total Traditional Security Revenues

 

Interactive Security

# HHs with Prof. Mon. Interactive Security

Growth Yr-over-Yr %

% Broadband HHs w/Prof. Mon. Interactive Security

Annual Monitoring Revenue - Interactive Security

Annual Hardware Revenue

Total Interactive Security Revenues

 

Professionally Monitored Security SUMMARY

Total Annual Security Monitoring Revenue

Growth Yr-over-Yr %

Total Annual Security Hardware Revenue

Growth Yr-over-Yr %

Total HH with Prof. Monitored Security

Growth Yr-over-Yr %

Total Annual  Security Market Value

% Monitoring Fees

% Hardware + Installation

Remote Self-Monitoring &/or Control

(Excludes Professionally Monitored Systems)

% BB HHs w/ Remote  Self-Mon. &/or Control

Growth Yr-over-Yr %

# Households w/ Self-monitoring & Control

% All Self-monitored HHs Paying for a Service

Growth Yr-over-Yr %

# HHs Paying for Self-monitoring & /or Control Svcs

Growth Yr-over-Yr %

% BB HHs

Monthly Fee/Service/HH

Average Number of Services/HH

Total Annual Self-monitoring Revenue

Annual Self Monitoring Hardware Revenue

% Households Paying for Installation

Average Fee

Annual Installation Revenues

Total Annual Self-Monitoring Market Value

% Monitoring Fees

% Hardware

% Installation

Digital Healthcare Systems & Services

% BB HHs w/ Digital Healthcare Systems & Services

# Households w/Digital Healthcare Sys & Svcs

Growth Yr-over-Yr %

 Annual Consumer Spending on Digital Healthcare Services

 Annual Consumer Spending on Digital Healthcare Hardware

Annual Consumer Spending on Digital Healthcare Systems and Services

% Service Fees

% Hardware

Whole-home Control Systems

% BB HHs w/ Whole-home Control Systems

# Households w/Whole-home Control Systems

Growth Yr-over-Yr %

Total Annual Sales

Average System Price

Whole-home Control Hardware Value

Installation Fees (Includes Programming & Support)

Total Whole-home Control Revenues

 

Integrated Entertainment Control Systems

% BB HHs w/ Integrated Entertainment Controls

#HHs w/Integrated Entertainment Control Systems

Total Annual Sales

Average System Price

Integrated Entertainment Control Hardware Value

Installation Fees (Includes Programming & Support)

Total Integrated Entertainment Control Systems

 

Remote-enabled Entertainment Control Systems

(REECS)

% BB HHs w/ REECS Activated

Growth Yr-over-Yr %

# Households w/REECS

Total Annual Sales

Average Annual STB Rental Premium

REECS Annual Hardware RENTAL Value

 

Smart Appliance Controllers

(Components adding smart capabilities)

% BB HHs w/Smart Appliances

Growth Yr-over-Yr %

# Households w/Smart Appliances

Average Number of Smart Appliances/HH with Any

Installed Smart Appliances

Total Annual Sales

Average System Price

"Smart" Controller Value

 

Other Smart Home Households

HHs without  Above Control or Monitoring Systems

% ALL HHs

% HHs with OTHER Smart Systems

# HHs w/ OTHER Smart Systems

% ALL HHs

Total Annual Sales

Average System Price

Revenue from Other Smart Hardware

Growth Yr-over-Yr %

 

Total Number of "Smart" Homes

  % ALL HHs

  % BB HHs

 

TOTAL Smart Home Market

Hardware Spending

% Hardware

Services Spending

% Services

Installation Fees (Not Included in Services)

% Installation Fees

Total Consumer Smart Home Spending


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