25 Sep 2018

Smart homes in Europe and North America reached 45 million in 2017

According to a new research report from the IoT analyst firm Berg Insight, the number smart homes in Europe and North America reached 45 million in 2017. The most advanced smart home market is North America, having an installed base of 22.3 million smart homes at the end of the year. This represents a penetration of 15.9 percent. Between 2016 and 2017, the market grew by 40.7 percent year-on-year.

The strong market growth is expected to continue in the next five years. By 2022, Berg Insight estimates that more than 63 million homes in North America will be smart, meaning 44 percent of all homes in the region. The European market is still behind the North American, in terms of market penetration. There were a total of 22.5 million smart homes in Europe at the end of 2017. The installed base in the region is forecasted to grow to 84 million homes at the end of 2022, representing a market penetration of 35 percent.

The most popular products on the smart home market include smart thermostats, smart light bulbs, smart security cameras, smart air conditioners, smart door locks, smart plugs and smart speakers. Well-known vendors offering these products include Nest, Signify, Belkin, D-Link, Assa Abloy, Haier, Sonos, Amazon and Google. On the North American market, interactive security systems have emerged as the most common type of smart home systems, representing 42 percent of all whole-home systems in the region at the end of 2017. The largest security providers include ADT, Vivint and Comcast. In Europe, traditional home automation systems and Do-It-Yourself solutions are more common as whole-home systems. eQ-3, Deutsche Telekom and Verisure are estimated to be the largest vendors of whole-home systems in the region.

Smart speakers with built-in voice assistants have had a major impact on the smart home industry in 2017–2018. Amazon and Google are the major vendors of such devices, having a combined market share of over 90 percent. Many of the well-known smart home device and system vendors have made their products compatible with Amazon Alexa and Google Assistant in the past year. “Consumers want convenience and a lot of people buy smart home products in order to facilitate their daily lives” says Martin Bäckman, IoT Analyst at Berg Insight. “A major reason why voice-controlled speakers have become so popular is that they simplify the control of smart home devices and enable for people to adjust lighting, temperature, multimedia and more from a unified interface” concluded Mr. Bäckman.

Most popular news in Wireless technology

Is LoRa answer for IoT & M2M wireless communications?
Semtech & CRA's LoRaWAN-based network reaches 75% of the Czech Republic
Stereo Hi-Fi Quality Audio Over Bluetooth Low Energy
Panasonic reveals two new wireless solutions
AIS Fibre and Nokia launch first in-home meshed Wi-Fi service

All news in this channel | All news


Share this page


Want more like this? Register for our newsletter






Gladys West - Pioneer of GPS Sven Etzold | U-blox
Gladys West - Pioneer of GPS
GPS and GNSS positioning technology is such an integral part of our lives today that we rarely stop to think about where it all came from. When we do, we usually picture men in white shirts and dark glasses hunched over calculators and slide rules. In fact, one of the early pioneers behind GPS and GNSS technology was Gladys West - a black woman.









Radio-Electronics.com is operated and owned by Adrio Communications Ltd and edited by Ian Poole. All information is © Adrio Communications Ltd and may not be copied except for individual personal use. This includes copying material in whatever form into website pages. While every effort is made to ensure the accuracy of the information on Radio-Electronics.com, no liability is accepted for any consequences of using it. This site uses cookies. By using this site, these terms including the use of cookies are accepted. More explanation can be found in our Privacy Policy