AI Smart Home Device Market Trends and Forecast
The future of the global AI smart home device market looks promising with opportunities in the smart air-con & heater, smart washing & drying, smart fridge, smart large cooker, smart dishwasher, and smart vaccum cleaner markets. The global AI smart home device market is expected to grow with a CAGR of 20.5% from 2024 to 2030. The major drivers for this market are increase in demand for home automation and convenience-driven technologies, growth of internet of things (IoT) ecosystems enhancing smart home device connectivity, and highest adoption of AI to improve energy efficiency.
• Lucintel forecasts that online is expected to witness higher growth over the forecast period.
• Within this market, smart air-con & heater is expected to witness the highest growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the AI Smart Home Device Market
• United States - Amazon launches AI-powered Alexa devices with enhanced smart home integration. Government promotes energy-efficient smart homes through tax incentives and smart grid initiatives.
• China - Xiaomi introduces AI-enhanced smart home products, focusing on affordability and functionality. Government supports AI in consumer electronics with subsidies for smart home adoption.
• Germany - Bosch develops AI-enabled smart home solutions for energy management and home security. Government aims to promote AI in sustainability with incentives for smart home technology adoption.
• South Korea - Samsung expands AI-driven smart home ecosystem with integration across appliances and entertainment systems. Government encourages AI innovation in consumer electronics through research grants and partnerships.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
AI Smart Home Device Market by Segment
The study includes a forecast for the global AI smart home device market by type, application, and region.
AI Smart Home Device Market by Type [Value from 2018 to 2030]:
• Smart Air-Con & Heater
• Smart Washing & Drying
• Smart Fridges
• Smart Large Cookers
• Smart Dishwashers
• Smart Vaccum Cleaners
• Others
AI Smart Home Device Market by Application [Value from 2018 to 2030]:
• Online
• Offline
AI Smart Home Device Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of AI Smart Home Device Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies AI smart home device companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the AI smart home device companies profiled in this report include-
• Samsung
• LG
• GE
• Ring
• Nest
• Irobot
• Rokid
Recent Development in the AI Smart Home Device Market
• Amazon: Amazon introduces Alexa Custom Assistant, allowing device manufacturers to create custom voice experiences using AlexaÄX%$%Xs AI capabilities.
• Google: Google Nest integrates AI-powered features into smart home devices, including voice control and personalized home automation routines.
• Samsung: Samsung SmartThings expands AI capabilities for smart home automation, integrating with Samsung appliances and third-party devices for enhanced connectivity and control.
• Xiaomi: Xiaomi launches AIoT (AI + IoT) ecosystem with AI-powered smart home devices, offering seamless integration and control through the Mi Home app.
Features of the Global AI Smart Home Device Market
Market Size Estimates: AI smart home device market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: AI smart home device market size by type, application, and region in terms of value ($B).
Regional Analysis: AI smart home device market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the AI smart home device market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the AI smart home device market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for AI smart home device market?
Answer: The global AI smart home device market is expected to grow with a CAGR of 20.5% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the AI smart home device market?
Answer: The major drivers for this market are increase in demand for home automation and convenience-driven technologies, growth of internet of things (IoT) ecosystems enhancing smart home device connectivity, and highest adoption of AI to improve energy efficiency.
Q3. What are the major segments for AI smart home device market?
Answer: The future of the global AI smart home device market looks promising with opportunities in the smart air-con & heater, smart washing & drying, smart fridge, smart large cooker, smart dishwasher, and smart vaccum cleaner markets.
Q4. Who are the key AI smart home device market companies?
Answer: Some of the key AI smart home device companies are as follows:
• Samsung
• LG
• GE
• Ring
• Nest
• Irobot
• Rokid
Q5. Which AI smart home device market segment will be the largest in future?
Answer: Lucintel forecasts that online is expected to witness higher growth over the forecast period.
Q6. In AI smart home device market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the AI smart home device market by type (smart air-con & heater, smart washing & drying, smart fridges, smart large cookers, smart dishwashers, smart vaccum cleaners, and others), application (online and offline), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to AI Smart Home Device Market Market, AI Smart Home Device Market Market Size, AI Smart Home Device Market Market Growth, AI Smart Home Device Market Market Analysis, AI Smart Home Device Market Market Report, AI Smart Home Device Market Market Share, AI Smart Home Device Market Market Trends, AI Smart Home Device Market Market Forecast, AI Smart Home Device Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.