DIY Smart Home Market By Size, Growth, Trends and Forecast 2029

Summary

Report Description

Forecast Period	2025-2029
Market Size (2023)	USD 40.2 Billion
Market Size (2029)	USD 249.94 Billion
CAGR (2024-2029)	35.4%
Fastest Growing Segment	Security & Access Control
Largest Market	North America

Market Overview

Global DIY Smart Home Market was valued at USD 40.2 Billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 35.4% through 2029F. The global DIY smart home market is experiencing significant growth driven by the increasing adoption of smart technology and the rising demand for convenient home automation solutions. Consumers are seeking affordable and easy-to-install options, encouraging manufacturers to develop user-friendly DIY smart home devices. These systems offer a wide array of applications, such as home security, lighting control, climate management, and entertainment, enhancing overall convenience and energy efficiency. Technological advancements, including voice recognition, artificial intelligence, and IoT integration, have further boosted the market, making smart home devices more intuitive and responsive. The growing awareness of environmental sustainability and the benefits of energy conservation have spurred the adoption of smart home solutions that enable efficient energy usage. As a result, the DIY smart home market continues to expand globally, attracting both consumers and investors alike, with innovative products and competitive pricing being the driving forces behind this burgeoning industry.

Key Market Drivers

Increasing Consumer Demand for Convenient Home Automation Solutions

The global DIY smart home market is driven by a surge in consumer demand for convenient home automation solutions. In today's fast-paced world, consumers are seeking ways to simplify their lives, and smart home technology offers an answer. People are increasingly drawn to the idea of controlling various aspects of their homes, such as lighting, security, and climate, through user-friendly interfaces accessible from their smartphones or voice-controlled devices. The DIY approach appeals to consumers who want affordable and easy-to-install smart home devices without the hassle of professional installation. This demand for convenience is shaping the market landscape, encouraging manufacturers to innovate and create products that are not only technologically advanced but also simple for users to set up and operate. As a result, the global DIY smart home market is witnessing a continuous influx of consumers eager to enhance their living spaces with smart, automated solutions, driving the industry's growth.

Technological Advancements and IoT Integration

Technological advancements and the seamless integration of Internet of Things (IoT) devices have played a pivotal role in propelling the DIY smart home market forward. With rapid progress in areas such as artificial intelligence, voice recognition, and sensor technologies, smart home devices have become more sophisticated and versatile. These advancements enable devices to communicate with each other, allowing homeowners to create comprehensive and interconnected smart ecosystems within their homes. IoT integration further amplifies the capabilities of smart home devices, enabling users to control multiple devices through a single platform or app. The ability to connect and automate various appliances and systems, such as thermostats, lights, security cameras, and entertainment devices, enhances the overall user experience. As consumers become more tech-savvy and accustomed to interconnected digital environments, the demand for advanced, IoT-enabled DIY smart home solutions continues to rise, driving market growth.

Growing Awareness of Energy Efficiency and Sustainability

The growing awareness of environmental sustainability and the need for energy-efficient solutions have emerged as significant drivers in the global DIY smart home market. Consumers are increasingly concerned about reducing their carbon footprint and conserving energy. Smart home devices, such as programmable thermostats, energy-efficient lighting systems, and smart appliances, offer features that promote energy conservation. These devices allow users to monitor and control their energy consumption, leading to reduced utility bills and a positive environmental impact. The integration of renewable energy sources, such as solar panels, with smart home systems further emphasizes the industry's commitment to sustainability. As eco-consciousness becomes a norm, consumers are actively seeking smart home solutions that align with their environmental values, driving the market towards more sustainable and energy-efficient offerings.

Cost-Effectiveness and Affordability of DIY Smart Home Solutions

Cost-effectiveness and affordability are key drivers fueling the growth of the global DIY smart home market. DIY smart home devices are generally more budget-friendly than their professionally installed counterparts. The absence of installation costs associated with hiring technicians makes these solutions accessible to a broader consumer base. The competitive market landscape has led to a variety of affordable DIY smart home products flooding the market. These cost-effective options cater to consumers across different income levels, allowing a wider demographic to participate in the smart home revolution. As consumers seek value for their money and look for ways to enhance their lifestyles without breaking the bank, the affordability and cost-effectiveness of DIY smart home solutions continue to drive market expansion.

Increasing Urbanization and the Need for Home Security

The rising trend of urbanization and the subsequent need for enhanced home security solutions have become prominent drivers in the global DIY smart home market. As more people move to urban areas, concerns about home security and safety have intensified. Smart home devices, such as security cameras, smart doorbells, and motion sensors, provide homeowners with the ability to monitor their properties remotely, enhancing overall security. The DIY nature of these systems empowers urban dwellers to take security measures into their own hands without relying on external security services. The ease of installation and affordability of these security-focused smart devices make them highly attractive to urban homeowners and renters alike. The growing emphasis on personal safety and the desire for peace of mind contribute significantly to the increasing demand for DIY smart home security solutions, driving market growth in urban centers worldwide.

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Key Market Challenges

Interoperability and Compatibility Issues

One of the major challenges facing the global DIY smart home market is the issue of interoperability and compatibility among various smart devices. As the market continues to expand, a plethora of smart home products are being developed by different manufacturers, each operating on its own proprietary technology and communication protocols. This fragmentation often leads to interoperability issues, where devices from different brands struggle to communicate and work seamlessly together. Consumers purchasing DIY smart home products may find themselves locked into a specific ecosystem, limiting their choices when it comes to adding new devices. This lack of interoperability not only frustrates users but also hampers the potential growth of the market. Standardization efforts are underway, but progress is slow, leaving consumers to navigate complex compatibility issues on their own. Until a universally accepted standard is established, addressing interoperability challenges will remain a significant hurdle for the DIY smart home market.

Data Privacy and Security Concerns

Data privacy and security concerns pose a substantial challenge to the widespread adoption of DIY smart home technology. Smart devices collect vast amounts of data, ranging from user preferences to behavioral patterns, which are often stored and processed in the cloud. With this wealth of personal information at stake, the risk of data breaches and unauthorized access becomes a significant worry for consumers. High-profile incidents of hacking and privacy breaches have eroded consumer trust in smart home technology. Many users are hesitant to fully embrace DIY smart home solutions due to fears of their data being compromised. Addressing these concerns requires robust security measures, such as end-to-end encryption and regular software updates, to protect user data. Building consumer confidence in the security and privacy of smart home devices is essential for the market to overcome this challenge.

Limited Technical Expertise of Users

Another significant challenge faced by the global DIY smart home market is the limited technical expertise of users. While these DIY solutions are designed to be user-friendly, not all consumers possess the technical knowledge required to set up and troubleshoot complex smart home systems. As the technology advances and devices become more sophisticated, the complexity of installation and configuration increases. Users may struggle to integrate multiple devices, leading to frustration and dissatisfaction. Insufficient technical support exacerbates the problem, leaving users with unresolved issues. To address this challenge, manufacturers need to invest in comprehensive user education and support programs. Providing clear, step-by-step guides, tutorials, and responsive customer support services can empower users and enhance their DIY smart home experience.

Limited Scalability and Expandability

The limited scalability and expandability of DIY smart home systems present a notable challenge for consumers. Many DIY solutions are designed for basic applications and lack the flexibility to accommodate larger or more complex setups. As users become more comfortable with smart home technology, they may wish to expand their systems to include additional devices or automate more aspects of their homes. However, the limited scalability of existing setups often requires users to invest in entirely new ecosystems, leading to unnecessary expenses and logistical challenges. Manufacturers need to focus on developing scalable solutions that allow users to seamlessly expand their smart home networks without encountering compatibility issues or having to replace existing devices. Scalability and expandability are crucial factors in ensuring the long-term satisfaction and loyalty of consumers in the DIY smart home market.

Key Market Trends

Integration of Artificial Intelligence and Machine Learning

A significant trend shaping the global DIY smart home market is the integration of artificial intelligence (AI) and machine learning technologies into smart home devices. AI-powered systems, equipped with machine learning algorithms, can analyze user behavior, preferences, and usage patterns to anticipate needs and automate tasks more intelligently. This trend is revolutionizing the way smart home devices operate, enhancing their efficiency and responsiveness. For example, smart thermostats can learn user habits and adjust temperatures accordingly, optimizing energy usage. AI-driven security cameras can differentiate between ordinary movements and suspicious activities, reducing false alarms. As these technologies become more sophisticated, DIY smart home enthusiasts are increasingly drawn to devices that offer intelligent automation and adaptability, driving market demand for AI-integrated products.

Expansion of Voice Control and Virtual Assistants

The expansion of voice control systems and virtual assistants is a prominent trend in the global DIY smart home market. Devices like Amazon's Alexa, Google Assistant, and Apple's Siri have become integral parts of smart homes, allowing users to control various devices using voice commands. This trend simplifies the user experience, making smart home automation more accessible and intuitive. Users can seamlessly interact with their devices, adjusting settings, managing schedules, and even ordering products online, all through voice commands. The convenience and hands-free operation offered by voice-controlled smart home devices are driving their popularity, leading to increased integration of voice control features in DIY smart home products.

Rise of Smart Home Ecosystems and Interconnected Devices

The rise of smart home ecosystems and interconnected devices is transforming the DIY smart home market. Consumers are increasingly seeking comprehensive solutions where different devices can seamlessly communicate and work together within a unified ecosystem. Smart home platforms and hubs are becoming more sophisticated, allowing users to integrate diverse devices, such as smart lighting, thermostats, security cameras, and appliances, into a single network. This trend promotes interoperability and enhances user experience, enabling centralized control and automation of various functions. DIY enthusiasts are inclined towards ecosystems that offer compatibility with a wide range of devices, allowing them to create personalized and interconnected smart home setups tailored to their preferences.

Focus on Energy Efficiency and Sustainability

A notable trend in the global DIY smart home market is the growing emphasis on energy efficiency and sustainability. With increasing awareness about environmental issues and the need to reduce energy consumption, consumers are seeking smart home solutions that help them achieve these goals. Energy-efficient smart devices, such as LED smart bulbs, smart thermostats, and energy monitoring systems, enable users to optimize energy usage and reduce electricity bills. The integration of renewable energy sources, such as solar panels, with smart home setups is gaining traction, allowing homeowners to generate clean energy and further contribute to sustainability efforts. DIY smart home enthusiasts are embracing eco-friendly solutions, fostering the development of energy-efficient products and sustainable practices within the market.

Expansion of DIY Smart Home Kits and Modular Systems

The expansion of DIY smart home kits and modular systems is a significant trend that is making smart home technology more accessible to a broader audience. Manufacturers are creating bundled packages containing essential smart devices that are easy to install and configure without professional assistance. These kits often include sensors, smart plugs, cameras, and hubs, providing users with a comprehensive starter package for building their smart homes. Modular systems allow users to add and customize devices based on their specific needs and preferences. This trend empowers consumers to gradually adopt smart technology, starting with basic kits and expanding their setups over time. The availability of user-friendly, all-in-one kits and modular components is democratizing the DIY smart home market, encouraging more individuals to embrace home automation and driving market growth.

Segmental Insights

Product Insights

The Security & Access Control segment dominated the Global DIY Smart Home Market and is expected to maintain its dominance during the forecast period. The increasing concerns about home security and the rising awareness regarding the benefits of access control systems have propelled the demand for smart security solutions. DIY smart home enthusiasts are particularly drawn to easy-to-install security cameras, smart doorbells, and motion sensors, which offer them the ability to monitor and secure their homes without the need for professional installation. The Security & Access Control segment includes a wide range of products, such as surveillance cameras, smart locks, door/window sensors, and alarm systems, catering to various security needs. With advancements in technology, these devices have become more user-friendly and feature-rich, further driving their popularity among consumers. The integration of access control features, such as smart door locks and keyless entry systems, adds convenience and enhances overall home security. As consumers continue to prioritize home safety and seek accessible, DIY-friendly solutions, the Security & Access Control segment is poised to maintain its dominance in the Global DIY Smart Home Market, offering a wide array of innovative and affordable products to meet the growing demand.

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Regional Insights

North America dominated the Global DIY Smart Home Market and is expected to maintain its dominance during the forecast period. The region's market leadership can be attributed to several factors, including high consumer awareness, strong purchasing power, and a tech-savvy population. North American consumers have been early adopters of smart home technology, driven by the growing preference for convenient and connected living spaces. The presence of major technology companies and the continuous innovation in the smart home sector have further fueled market growth. Moreover, the DIY culture in North America, where consumers take pride in customizing and installing smart home devices themselves, has significantly contributed to the popularity of DIY smart home solutions. Additionally, supportive infrastructures, such as widespread internet connectivity and well-established retail channels, have made it easier for consumers to access and purchase smart home products. With a robust ecosystem of consumers, manufacturers, and retailers, North America is expected to maintain its dominance in the Global DIY Smart Home Market, offering a diverse range of innovative products and driving market growth through the forecast period.

Recent Developments

OliverIQ debuts its groundbreaking Smart Home as a Service (SHaaS) platform at CES 2024, heralding a new era in the smart home industry. This innovative offering adopts a subscription-based model, offering unlimited support and an intuitive app for effortless control. The introduction of OliverIQ's SHaaS platform represents a notable advancement in smart home technology, providing consumers with unparalleled convenience and accessibility.

Key Market Players

Google LLC
Amazon Inc.
Samsung Electronics Co., Ltd.
Apple Inc.
Signify N.V.
Xiaomi Incorporation
TP-Link Corporation Pte. Ltd
Master Lock Company LLC
SimpliSafe Inc.
Schneider Electric SE

By Technology	By Product	By Region
Network Technology Wireless Communication Technology	Entertainment Control Security & Access Control Smart Kitchen	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global DIY Smart Home Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

DIY Smart Home Market, By Technology:

o Network Technology

o Wireless Communication Technology

DIY Smart Home Market, By Product:

o Entertainment Control

o Security & Access Control

o Smart Kitchen

DIY Smart Home Market, By Region:

o North America

§ United States

§ Canada

§ Mexico

o Europe

§ France

§ United Kingdom

§ Italy

§ Germany

§ Spain

§ Belgium

o Asia-Pacific

§ China

§ India

§ Japan

§ Australia

§ South Korea

§ Indonesia

§ Vietnam

o South America

§ Brazil

§ Argentina

§ Colombia

§ Chile

§ Peru

o Middle East & Africa

§ South Africa

§ Saudi Arabia

§ UAE

§ Turkey

§ Israel

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global DIY Smart Home Market.

Available Customizations:

Global DIY Smart Home market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global DIY Smart Home Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Formulation of the Scope

2.4. Assumptions and Limitations

2.5. Sources of Research

2.5.1. Secondary Research

2.5.2. Primary Research

2.6. Approach for the Market Study

2.6.1. The Bottom-Up Approach

2.6.2. The Top-Down Approach

2.7. Methodology Followed for Calculation of Market Size & Market Shares

2.8. Forecasting Methodology

2.8.1. Data Triangulation & Validation

3. Executive Summary

4. Impact of COVID-19 on Global DIY Smart Home Market

5. Voice of Customer

6. Global DIY Smart Home Market Overview

7. Global DIY Smart Home Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Technology (Network Technology, Wireless Communication Technology)

7.2.2. By Product (Entertainment Control, Security & Access Control, Smart Kitchen)

7.2.3. By Region (North America, Europe, South America, Middle East & Africa, Asia Pacific)

7.3. By Company (2023)

7.4. Market Map

8. North America DIY Smart Home Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Technology

8.2.2. By Product

8.2.3. By Country

8.3. North America: Country Analysis

8.3.1. United States DIY Smart Home Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Technology

8.3.1.2.2. By Product

8.3.2. Canada DIY Smart Home Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Technology

8.3.2.2.2. By Product

8.3.3. Mexico DIY Smart Home Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Technology

8.3.3.2.2. By Product

9. Europe DIY Smart Home Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Technology

9.2.2. By Product

9.2.3. By Country

9.3. Europe: Country Analysis

9.3.1. Germany DIY Smart Home Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Technology

9.3.1.2.2. By Product

9.3.2. France DIY Smart Home Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Technology

9.3.2.2.2. By Product

9.3.3. United Kingdom DIY Smart Home Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Technology

9.3.3.2.2. By Product

9.3.4. Italy DIY Smart Home Market Outlook

9.3.4.1. Market Size & Forecast

9.3.4.1.1. By Value

9.3.4.2. Market Share & Forecast

9.3.4.2.1. By Technology

9.3.4.2.2. By Product

9.3.5. Spain DIY Smart Home Market Outlook

9.3.5.1. Market Size & Forecast

9.3.5.1.1. By Value

9.3.5.2. Market Share & Forecast

9.3.5.2.1. By Technology

9.3.5.2.2. By Product

9.3.6. Belgium DIY Smart Home Market Outlook

9.3.6.1. Market Size & Forecast

9.3.6.1.1. By Value

9.3.6.2. Market Share & Forecast

9.3.6.2.1. By Technology

9.3.6.2.2. By Product

10. South America DIY Smart Home Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Technology

10.2.2. By Product

10.2.3. By Country

10.3. South America: Country Analysis

10.3.1. Brazil DIY Smart Home Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Technology

10.3.1.2.2. By Product

10.3.2. Colombia DIY Smart Home Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Technology

10.3.2.2.2. By Product

10.3.3. Argentina DIY Smart Home Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Technology

10.3.3.2.2. By Product

10.3.4. Chile DIY Smart Home Market Outlook

10.3.4.1. Market Size & Forecast

10.3.4.1.1. By Value

10.3.4.2. Market Share & Forecast

10.3.4.2.1. By Technology

10.3.4.2.2. By Product

10.3.5. Peru DIY Smart Home Market Outlook

10.3.5.1. Market Size & Forecast

10.3.5.1.1. By Value

10.3.5.2. Market Share & Forecast

10.3.5.2.1. By Technology

10.3.5.2.2. By Product

11. Middle East & Africa DIY Smart Home Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value

11.2. Market Share & Forecast

11.2.1. By Technology

11.2.2. By Product

11.2.3. By Country

11.3. Middle East & Africa: Country Analysis

11.3.1. Saudi Arabia DIY Smart Home Market Outlook

11.3.1.1. Market Size & Forecast

11.3.1.1.1. By Value

11.3.1.2. Market Share & Forecast

11.3.1.2.1. By Technology

11.3.1.2.2. By Product

11.3.2. UAE DIY Smart Home Market Outlook

11.3.2.1. Market Size & Forecast

11.3.2.1.1. By Value

11.3.2.2. Market Share & Forecast

11.3.2.2.1. By Technology

11.3.2.2.2. By Product

11.3.3. South Africa DIY Smart Home Market Outlook

11.3.3.1. Market Size & Forecast

11.3.3.1.1. By Value

11.3.3.2. Market Share & Forecast

11.3.3.2.1. By Technology

11.3.3.2.2. By Product

11.3.4. Turkey DIY Smart Home Market Outlook

11.3.4.1. Market Size & Forecast

11.3.4.1.1. By Value

11.3.4.2. Market Share & Forecast

11.3.4.2.1. By Technology

11.3.4.2.2. By Product

11.3.5. Israel DIY Smart Home Market Outlook

11.3.5.1. Market Size & Forecast

11.3.5.1.1. By Value

11.3.5.2. Market Share & Forecast

11.3.5.2.1. By Technology

11.3.5.2.2. By Product

12. Asia Pacific DIY Smart Home Market Outlook

12.1. Market Size & Forecast

12.1.1. By Value

12.2. Market Share & Forecast

12.2.1. By Technology

12.2.2. By Product

12.2.3. By Country

12.3. Asia-Pacific: Country Analysis

12.3.1. China DIY Smart Home Market Outlook

12.3.1.1. Market Size & Forecast

12.3.1.1.1. By Value

12.3.1.2. Market Share & Forecast

12.3.1.2.1. By Technology

12.3.1.2.2. By Product

12.3.2. India DIY Smart Home Market Outlook

12.3.2.1. Market Size & Forecast

12.3.2.1.1. By Value

12.3.2.2. Market Share & Forecast

12.3.2.2.1. By Technology

12.3.2.2.2. By Product

12.3.3. Japan DIY Smart Home Market Outlook

12.3.3.1. Market Size & Forecast

12.3.3.1.1. By Value

12.3.3.2. Market Share & Forecast

12.3.3.2.1. By Technology

12.3.3.2.2. By Product

12.3.4. South Korea DIY Smart Home Market Outlook

12.3.4.1. Market Size & Forecast

12.3.4.1.1. By Value

12.3.4.2. Market Share & Forecast

12.3.4.2.1. By Technology

12.3.4.2.2. By Product

12.3.5. Australia DIY Smart Home Market Outlook

12.3.5.1. Market Size & Forecast

12.3.5.1.1. By Value

12.3.5.2. Market Share & Forecast

12.3.5.2.1. By Technology

12.3.5.2.2. By Product

12.3.6. Indonesia DIY Smart Home Market Outlook

12.3.6.1. Market Size & Forecast

12.3.6.1.1. By Value

12.3.6.2. Market Share & Forecast

12.3.6.2.1. By Technology

12.3.6.2.2. By Product

12.3.7. Vietnam DIY Smart Home Market Outlook

12.3.7.1. Market Size & Forecast

12.3.7.1.1. By Value

12.3.7.2. Market Share & Forecast

12.3.7.2.1. By Technology

12.3.7.2.2. By Product

13. Market Dynamics

13.1. Drivers

13.2. Challenges

14. Market Trends and Developments

15. Company Profiles

15.1. Google LLC

15.1.1. Business Overview

15.1.2. Key Revenue and Financials

15.1.3. Recent Developments

15.1.4. Key Personnel/Key Contact Person

15.1.5. Key Product/Services Offered

15.2. Amazon Inc.

15.2.1. Business Overview

15.2.2. Key Revenue and Financials

15.2.3. Recent Developments

15.2.4. Key Personnel/Key Contact Person

15.2.5. Key Product/Services Offered

15.3. Samsung Electronics Co., Ltd.

15.3.1. Business Overview

15.3.2. Key Revenue and Financials

15.3.3. Recent Developments

15.3.4. Key Personnel/Key Contact Person

15.3.5. Key Product/Services Offered

15.4. Apple Inc.

15.4.1. Business Overview

15.4.2. Key Revenue and Financials

15.4.3. Recent Developments

15.4.4. Key Personnel/Key Contact Person

15.4.5. Key Product/Services Offered

15.5. Signify N.V.

15.5.1. Business Overview

15.5.2. Key Revenue and Financials

15.5.3. Recent Developments

15.5.4. Key Personnel/Key Contact Person

15.5.5. Key Product/Services Offered

15.6. Xiaomi Incorporation

15.6.1. Business Overview

15.6.2. Key Revenue and Financials

15.6.3. Recent Developments

15.6.4. Key Personnel/Key Contact Person

15.6.5. Key Product/Services Offered

15.7. TP-Link Corporation Pte. Ltd

15.7.1. Business Overview

15.7.2. Key Revenue and Financials

15.7.3. Recent Developments

15.7.4. Key Personnel/Key Contact Person

15.7.5. Key Product/Services Offered

15.8. Master Lock Company LLC

15.8.1. Business Overview

15.8.2. Key Revenue and Financials

15.8.3. Recent Developments

15.8.4. Key Personnel/Key Contact Person

15.8.5. Key Product/Services Offered

15.9. SimpliSafe Inc.

15.9.1. Business Overview

15.9.2. Key Revenue and Financials

15.9.3. Recent Developments

15.9.4. Key Personnel/Key Contact Person

15.9.5. Key Product/Services Offered

15.10. Schneider Electric SE

15.10.1. Business Overview

15.10.2. Key Revenue and Financials

15.10.3. Recent Developments

15.10.4. Key Personnel/Key Contact Person

15.10.5. Key Product/Services Offered

16. Strategic Recommendations

17. About Us & Disclaimer

Figures and Tables

Frequently asked questions

What was the market size of the Global DIY Smart Home Market in 2023?

The market size of the Global DIY Smart Home Market was USD 40.2 Billion in 2023.

Which was the dominant segment by Technology in the Global DIY Smart Home Market in 2023?

The dominant segment by technology in the global DIY smart home market in 2023 was the Wireless Communication Technology segment.In 2023, the dominant segment in the global DIY smart home market was the Wireless Communication Technology segment, highlighting the widespread adoption of wireless protocols like Wi-Fi, Bluetooth, and Zigbee for smart home devices. This dominance underscores the convenience and flexibility offered by wireless communication technologies, enabling seamless connectivity and control of smart home devices without the need for complex wiring installations.

Which is the dominant region in the Global DIY Smart Home Market?

North America stands as the dominant region in the Global DIY Smart Home Market, driven by high consumer awareness, technological advancements, and a robust ecosystem of manufacturers, retailers, and tech-savvy consumers, facilitating the widespread adoption of smart home solutions.

What are the major drivers for the Global DIY Smart Home Market?

The major drivers for the Global DIY Smart Home Market include increasing consumer demand for convenient home automation solutions, technological advancements, affordability and cost-effectiveness, growing awareness of energy efficiency, and rising urbanization and home security needs.

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Sakshi Bajaal

Business Consultant

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Press Release

DIY Smart Home Market is expected to register a CAGR of 35.4% during the forecast period.

Jun, 2024

The global DIY smart home market is rising due to increasing consumer demand for affordable and easy-to-install home automation solutions, coupled with advancements in technology and the growing popu

DIY Smart Home Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Technology (Network Technology, Wireless Communication Technology), By Product (Entertainment Control, Security & Access Control, Smart Kitchen), By Region, By Competition, 2019-2029F

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