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Smart Home Automation Technology Market Share

Report ID: GMI9751
Published Date: Jun 2024
Report Format: PDF

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Smart Home Automation Technology Market Share

Samsung Electronics Co. Ltd. and Intel Corporation hold a significant share of over 15% and 5% respectively in the Navigation Switches market. Samsung Electronics, as a global leader in technology and electronics manufacturing, has a broad portfolio that includes various components and consumer electronics. While Samsung is primarily known for its consumer electronics products like smartphones, tablets, televisions, and home appliances, it also has a significant presence in the components market through manufacturing displays, semiconductors, and other electronic parts.

Intel Corporation, widely recognized as one of the leading semiconductor chip manufacturers, primarily focuses on areas such as processors, integrated graphics, chipsets, and memory for computers, servers, IoT devices, and more. Intel's core business revolves around microprocessors and integrated circuits for computing and communications devices, rather than direct involvement in the navigation switches market. Intel collaborates with numerous technology companies that incorporate navigation switches into their devices. For example, in automotive and industrial sectors, Intel’s technology might be used in systems that also integrate navigation switches for user interface purposes.

Smart Home Automation Technology Market Companies

Major players operating in the industry are:

Amazon (Ring)
Google (Nest Labs)
Apple Inc. (HomeKit)
Samsung Electronics
Koninklijke Philips N.V
Ecobee Inc.
Honeywell International, Inc.
Lutron Electronics Co., Inc.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Industry size for smart home automation technology was USD 64.98 billion in 2023 and is estimated to witness over 11% CAGR between 2024 and 2032, as consumers are becoming more conscious of their energy consumption.

The wired technology recorded over 12% of the smart home automation technology industry share in 2023, due to their crucial role, particularly in scenarios where reliability, security, and minimal interference.

Smart home automation technology market from the home security and monitoring application segment is expected to reach over USD 75 million by 2032 driven by advancements in technology, increased consumer awareness, and the growing need for safety and security.

APAC industry size is expected to depict over 13% CAGR from 2024 to 2032 due to the presence of a manufacturing hub for electronics and automotive industries.