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UK Smart Home Market Report by Device Type (Safety & Security Access Control, Home Appliances, HVAC, Lighting Control, Smart Entertainment Devices, Smart Kitchen Appliances, and Others), Application (Retrofit, New Construction), Protocol (Wired, Wireless), and Region 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A24971
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UK Smart Home Market Overview:
The UK smart home market size reached USD 6.85 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 16.55 Billion by 2032, exhibiting a growth rate (CAGR) of 9.60% during 2024-2032. The market is driven by the growing reliance on 5G network, as it provides quicker and more dependable internet connections, allowing for seamless communication among smart home devices, along with rising aging population in the country.
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Report Attribute
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Key Statistics
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|---|---|
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Base Year
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2023
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Forecast Years
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2024-2032
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Historical Years
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2018-2023
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| Market Size in 2023 | USD 6.85 Billion |
| Market Forecast in 2032 | USD 16.55 Billion |
| Market Growth Rate 2024-2032 | 9.60% |
UK Smart Home Market Trends:
Growing Reliance on 5G Network
According to the statistics published on the official website of Ofcom in 2024, around 92% of premises are getting 5G signals in the UK. 5G provides quicker and more dependable internet connections, allowing for seamless communication among smart home devices. This enables the smoother operation of equipment, such as security cameras, smart lighting, and appliances, decreasing latency difficulties encountered with prior networks. 5G's ability to handle a larger number of linked devices makes it ideal for smart homes, where various gadgets like smart thermostats, smart locks, and entertainment systems must communicate with one another. Smart home applications, including real-time security monitoring and automated home management systems, benefit from 5G's quicker data transfers. This improves the user experience by resulting in faster response times and smoother remote operation.
The increased bandwidth supplied by 5G enables greater streaming quality for smart TVs, gaming systems, and other home entertainment devices, increasing consumer interest in upgrading to smart home technology. 5G improves the speed and reliability of mobile internet connections, allowing homeowners to manage and monitor their smart home systems remotely with better efficiency, even across long distances.
Aging Population
The increasing aging population in the UK is catalyzing the demand for smart home ecosystem. Smart home technologies with health monitoring devices, such as fall detectors, emergency response systems, and wearable health trackers, are becoming popular. These devices monitor the well-being of the elderly and notify caretakers or emergency services if problems arise. Smart locks, video doorbells, and surveillance cameras are in high demand as older individuals are looking to improve their home security. These gadgets enable real-time alarms and remote monitoring, providing peace of mind for the elderly and their family. Voice-activated assistants and other technologies assist older users in controlling many parts of their homes like lights, thermostat, entertainment without the need for physical interaction.
Smart home gadgets frequently include user-friendly interfaces built for ease of use. Larger buttons, voice control, and streamlined apps make technology more accessible to the elderly, who may be unfamiliar with digital interfaces. Automated technologies, such as smart lighting and temperature management, enable elderly people to stay comfortable and safe without having to manually modify settings. This automation can help reduce the risk of accidents and simplify daily operations. As per the data published on the website of Office for National Statistics (ONS), the number of people aged 75 and over is expected to double from 5 million to nearly 10 million by 2039 in UK.
UK Smart Home Market News:
- February 2024: The UK has announced new initiatives to advance smart energy technology and infrastructure and provide more houses with smart meters and variable energy rates.
- November 2023: Thames Freeport partnered with the Seoul Digital Foundation of South Korea, the London Borough of Barking and Dagenham, and Connected Places Catapult at the smart city expo world congress in Barcelona to establish a smart homes innovation hub in Barking, London.
UK Smart Home Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on device type, application, and protocol.
Device Type Insights:
- Safety & Security Access Control
- Security Cameras
- Smart Door Locks
- Remote Monitoring Software & Services
- Home Appliances
- Smart Water Heaters
- Smart Washing Machines
- Smart Vacuum Cleaners
- HVAC
- Smart Thermostats
- Sensors
- Smart Vents
- Heating & Cooling Coils
- Others
- Lighting Control
- Smart Lights
- Dimmers
- Occupancy Sensors
- Switches
- Others
- Smart Entertainment Devices
- Smart Displays/TV
- Sound Bars & Speakers
- Others
- Smart Kitchen Appliances
- Refrigerators
- Dish Washers
- Microwave/Ovens
- Others
- Others
The report has provided a detailed breakup and analysis of the market based on the device type. This includes safety & security access control (security cameras, smart door locks, and remote monitoring software & services), home appliances ( smart water heaters, smart washing machines, and smart vacuum cleaners), HVAC (smart thermostats, sensors, smart vents, heating & cooling coils, and others), lighting control (smart lights, dimmers, occupancy sensors, switches, and others), smart entertainment devices ( smart displays/tv, sound bars & speakers, and others), smart kitchen appliances (refrigerators, dish washers, microwave/ovens, and others), and others.
Application Insights:
- Retrofit
- New Construction
A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes retrofit and new construction.
Protocol Insights:
- Wired
- Wireless
The report has provided a detailed breakup and analysis of the market based on the protocol. This includes wired and wireless.
Regional Insights:
- London
- South East
- North West
- East of England
- South West
- Scotland
- West Midlands
- Yorkshire and The Humber
- East Midlands
- Others
The report has also provided a comprehensive analysis of all the major regional markets, which include London, South East, North West, East of England, South West, Scotland, West Midlands, Yorkshire and The Humber, East Midlands, and Others.
Competitive Landscape:
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
UK Smart Home Market Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | USD Billion |
| Scope of the Report | Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
|
| Device Types Covered |
|
| Applications Covered | Retrofit, New Construction |
| Protocols Covered | Wired, Wireless |
| Regions Covered | London, South East, North West, East of England, South West, Scotland, West Midlands, Yorkshire and The Humber, East Midlands, Others |
| Customization Scope | 10% Free Customization |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the UK smart home market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the UK smart home market?
- What is the breakup of the UK smart home market on the basis of device type?
- What is the breakup of the UK smart home market on the basis of application?
- What is the breakup of the UK smart home market on the basis of protocol?
- What are the various stages in the value chain of the UK smart home market?
- What are the key driving factors and challenges in the UK smart home?
- What is the structure of the UK smart home market and who are the key players?
- What is the degree of competition in the UK smart home market?
Key Benefits for Stakeholders:
- IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the UK smart home market from 2018-2032.
- The research report provides the latest information on the market drivers, challenges, and opportunities in the UK smart home market.
- Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the UK smart home industry and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.
Need more help?
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