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.
Report Attribute
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Key Statistics
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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% |
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.
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:
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:
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:
The report has provided a detailed breakup and analysis of the market based on the protocol. This includes wired and wireless.
Regional Insights:
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.
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.
Report Features | Details |
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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:
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Device Types Covered |
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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) |