The US smart-homes market is expected to see an 11.9% CAGR to reach $69.97bn by 2030, according to Research & Markets.

Smart homes and home automation encompass a broad range of monitoring methods, from complex systems to motorised garage doors. These connected homes facilitate remote control of various operations, including heating and lighting, through web portals or mobile apps, ensuring security, comfort and energy efficiency.

The adoption of smart domestic devices in the USA has been steadily rising, driven by consumers’ increasing use of these devices. The convenience and cost-saving opportunities offered by products such as smart speakers make them relevant to today’s ecommerce businesses. While smart homes have historically been associated with luxury projects, the trend is shifting towards making these technologies accessible to all types of housing.

As the population increasingly moves to urban areas in search of employment, many urban dwellers aspire to own homes that are in line with current technological trends, leading to significant expansion in the sector.

Voice assistants such as Google Assistant and Amazon Alexa are democratising smart-home technology, making it more accessible to a wider audience. The convenience of task automation, including weather-based temperature adjustments and keyless entry through smart locks, has contributed to the popularity of smart homes.

Consumers are becoming increasingly aware of the benefits of smart homes, including comfort, security and energy efficiency. The growing IoT ecosystem is making smart-home products easier to use and more accessible by enabling remote control. Advancements in artificial intelligence (AI) and machine learning, such as AI-powered thermostats, are also contributing to the development of smarter devices.

Smart appliances represent the largest segment in the US smart-home market. Changes in lifestyle have transformed the kitchen into a multifunctional space connected to entertainment, socialising, dining and work. Technology has adapted to these changes, offering the likes of geofencing that can prevent accidents, such as house fires caused by leaving the oven on unintentionally. Unattended cooking is a common cause of house fires, accounting for approximately 33% of incidents, often due to food or grease left in the oven or the proximity of flammable items.

Monitoring cameras are experiencing robust adoption in the USA. These cameras provide real-time surveillance, enhancing property and family security. Their easy installation and integration into existing smart-home systems have made them accessible to a wide range of consumers. The ability to monitor homes remotely via smartphones or computers is a compelling feature, particularly for those seeking continuous property surveillance. Competitive pricing, customisable capabilities, coverage advantages and increasing awareness of the benefits of smart-home technology are contributing to the popularity of monitoring cameras.

North Carolina stands out as a region where the smart-home market has witnessed considerable growth. Its tech-savvy population, strong research institutions, business-friendly environment, growing real-estate market, and the rise of remote work trends have fuelled the demand for smart homes in the state.

Prominent companies operating in the US market include Apple, Schneider Electric, Panasonic, Sony, Honeywell and Amazon. In June 2022, Siemens announced Xcelerator, an open digital enterprise platform aimed at facilitating digital transformation and value creation across various sectors, including homes. Siemens acquired Brightly Software, an American provider of asset and maintenance management software, to strengthen its digital and software expertise in the home sector, laying the foundation for the Xcelerator for Buildings portfolio.

The report can be found at: www.researchandmarkets.com/reports/5521676/united-states-smart-home-market-size-forecast.