Smart Home Companies

The global smart home market was valued at USD 84.5 billion in 2024 and is projected to reach USD 116.4 billion by 2029; it is expected to register a CAGR of 6.6% during the forecast period. The increasing disposable income of people in developing economies, the Increasing number of internet users, the growing need for energy-saving and low carbon emission-oriented solutions, growing concerns of safety, security, and convenience among the general population, and the growing adoption of smart devices are attributed to the ever-increasing demand. 

Johnson Controls Inc. (Ireland), Honeywell International Inc. (US), Schneider Electric (France), Siemens (Germany), ASSA ABLOY (Sweden), Amazon.com, Inc. (US), Apple Inc. (US), ADT (US), Robert Bosch (Germany), ABB (Switzerland), Samsung Electronics (South Korea), Sony Corporation (Japan), Ooma, Inc. (US), Wozart Technologies Private Limited (India), Control4 (US), Axis Communications (Sweden), Comcast (US), ecobee (Canada), Crestron Electronics (US), SimpliSafe (US), Savant (US), Canary (US), LG Electronics (South Korea), Lutron (US), Legrand (France) are some of the key players in the smart home market.

To know about the assumptions considered for the study download the pdf brochure

Major Smart Home companies include:

• Johnson Controls Inc. (Ireland)
• Honeywell International Inc. (US)
• Schneider Electric (France)
• Siemens (Germany)
• ASSA ABLOY (Sweden)

Johnson Controls Inc.

Johnson Controls Inc. is the global leader in delivering integrated facility management services, energy solutions, and building technologies. It offers a bevy of innovative smart home products that enhance security, comfort, convenience, and energy efficiency for the home. In the pursuit of enriching the quality of life for the homeowner, Johnson Controls has developed a set of integrated solutions leveraging state-of-the-art technology in home automation. From smart thermostats and lighting control to quality door locks and superior security systems, Johnson Controls tailors services and products to suit every need in the home.

Johnson Controls runs its business through four segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products. It sells and installs mainly commercial HVAC equipment and systems, control systems, security systems, fire-detection and fire suppression systems, and equipment and corresponding services via a broad direct channel, comprising a global network of sales and service offices. In addition, global third-party channels of equipment distributors in the fields of air conditioning, controls, security, and fire detection and suppression represent high sales for the company. Because of the large customer base, the maintenance, retrofit, and replacement markets have huge recurring revenues for the company.

Schneider Electric

Schneider Electric is a leading smart home solution vendor. Schneider Electric provides integrated solutions across utilities, infrastructure, industries, data centers, and buildings. The products offered include energy distribution, automation, and control products, software, and services. With a commitment to sustainability, Schneider Electric is driving the development of more efficient energy management and automation of renewable energy toward a more efficient and sustainable world.

The company operates through two business segments, namely, Energy Management and Industrial Automation. Its business is centered on four principal markets: non-residential and residential buildings, utilities and infrastructure, industry and machine manufacturers, and data centers and networks. The company operates in more than 100 countries, including Europe, North America, the Asia Pacific, and the RoW. The Energy Management segment includes hardware, software, and services for energy management and automation solutions, as well as smart home systems. At the core, it provides smart home solutions with intelligent lighting, climate control, security systems, and energy management tools—all integrated through platforms like Wiser that further allow mobile apps and voice assistants to support seamless control and optimization in smart home solutions. Schneider Electric is fully committed to innovation and sustainable development; this is a game-changer in making homes smart and energy-efficient.

Honeywell International Inc.

Honeywell International Inc. offers various products, software, solutions, and technologies that complement the connectivity and security of smart home products to be used by homeowners. Honeywell International is an advanced diversified technology and manufacturing company producing a wide portfolio of products and services in many sectors: aerospace; building technologies; performance materials; and safety and productivity solutions. Honeywell offers several innovative products in the field of smart home technology in home automation, security, and energy efficiency. Its smart home portfolio comprises advanced security systems, smart thermostats, air purifiers, and smart lighting solutions with user-friendly interfaces and connectivity options to remotely operate them through phones and other devices. Honeywell operates through four operating segments: Aerospace, Performance Materials and Technologies, Building Technologies, and Safety and Productivity Solutions. The Building Technologies segment offers solutions to the smart home market. The company has geographic presence in the US, Canada, Europe, Asia, and Latin America, and it reports its geographic revenue under North America, Europe, and other international regions. Honeywell's Smart Home products provide comfort, security, and convenience to customers with the latest affordable home automation and energy management technology. This product is designed to make life.

Easier, more comfortable, more secure. Honeywell Smart Home offers everything from lighting and temperature control to video surveillance and door locks, fully controlled locally or remotely by a mobile device or web browser. These are integrated together with energy management solutions that allow customers to monitor and save on energy usage.

ASSA ABLOY

ASSA ABLOY is a public limited company that was formed in 1994 through the merger of ASSA (Sweden) and ABLOY (Finland). A major milestone for the company was its acquisition of US company ESSEX, the second-largest door and lock player in the US, in 1995. With this acquisition, ASSA ABLOY became 60% larger and turned into one of the largest lock companies in the world. The company’s extensive product portfolio includes locks, doors, gates, and entrance automation solutions, serving a wide range of sectors, including commercial, institutional, and residential.

The company offers identification technology, access control, hotel security, and entrance automation solutions. ASSA ABLOY is a global leader in door-opening solutions and a market leader in Europe, North America, and China. The company operates through five business divisions, namely Entrance Systems, Opening Solutions Americas, Opening Solutions EMEIA, Global Technologies, and Opening Solutions Asia Pacific. The company caters to the smart home market through all the segments.

Siemens

Siemens is one of the major companies in the electrical and electronics engineering sector. It has a presence in more than 200 countries across the Americas, Europe, the Asia Pacific, and the Middle East & Africa. Besides the production and manufacturing plants located worldwide, Siemens has office buildings, warehouses, research and development facilities, and/or sales offices in almost every country/region in the world.

The company operates through the following business segments: Digital Industries, Smart Infrastructure, Mobility, and Siemens Healthineers, which together form “Industrial Business,” Siemens Financial Services (SFS), and Portfolio Companies. The company offers smart home products through its Smart Infrastructure business segment. Offerings of the Smart Infrastructure segment include creating comfortable, safe, and energy-efficient buildings and infrastructure supporting increased efficiency of occupants, equipment, and the use of building space. This segment also offers products, solutions, and services pertaining to fire safety, security, building automation, heating, ventilation, air conditioning, and energy management. In addition, it offers heating and ventilation controls, security systems such as intruder detection, video surveillance and building access control, and fire safety solutions such as fire detection, protection alarm systems, and non-water-based fire extinguishers. The markets served are experiencing shifts that offer opportunities where building technologies and electrification markets come together.

Related Reports:

Smart Home Market by Product (Lighting Controls, Smart Speaker, Entertainment, Smart Kitchen, HVAC Controls, Security & Access Controls), Offering (Behavioral, Proactive), Sales Channel, Installation Type and Region - Global Forecast to 2029

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