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Smart Home Hardware Market to Garner $213.6 Billion, Globally, by 2032 at 12% CAGR: Allied Market Research

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The rising adoption of advanced technologies is anticipated to drive the growth of the global smart home hardware market during the forecast period from 2023 to 2032. The North America region is projected to hold the majority of the market share by 2032.

PORTLAND, Ore., July 10, 2023 /PRNewswire/ — Allied Market Research has recently published a report, titled,Smart Home Hardware Market by Product Type (Security and Surveillance, Smart Appliances, Smart Infotainment, Utility Management, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032″. According to the report, the global smart home hardware market generated $72.4 billion in 2022, and is anticipated to generate $213.6 billion by 2032, witnessing a CAGR of 12% from 2023 to 2032.


Request PDF Brochure: https://www.alliedmarketresearch.com/request-sample/111290

Prime Determinants of Growth

In the last few years, there has been a steady increase in the adoption of advanced technologies such as Artificial Intelligence (AI) and Near-Field Communication (NFC). As a result, the demand for smart home hardware has increased, which is predicted to be one of the important factors driving the growth of the global smart home hardware market in the forecast timeframe. However, the high cost of smart home hardware may hamper the smart home hardware market growth in the coming period. On the contrary, an increase in the disposable income of people across the globe is expected to offer growth opportunities for expansion of the smart home hardware market in the 2023-2032 forecast period.

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Report Coverage & Details:

Report Coverage

Details

Forecast Period

2023–2032

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Base Year

2022

Market Size in 2022

$72.4 billion

Market Size in 2032

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$213.6 billion

CAGR

12 %

No. of Pages in Report

290

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Segments covered

Type and Region

Drivers

Steady increase in adoption of advanced technologies such as Artificial Intelligence and Near Field Communication

Rising disposable incomes of global populations

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Opportunities

The rise in demand for high-end energy-consuming products

Growing number of startups investing in smart home hardware development

Restraints

High cost of smart home hardware

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COVID-19 Scenario

  • The outbreak of the COVID-19 pandemic has had a negative impact on the growth of the global smart home hardware market. The lockdowns led to massive disruptions in the global supply chains which hampered the manufacturing of smart home hardware components. This brought down the growth rate of the market.
  • Also, the installation of smart home hardware was postponed in different parts of the world due to travel restrictions and shortage of labor. This further affected the growth rate of the market.
  • The smart home hardware market is, however, projected to show steady growth in the future due to the growing importance of having a dedicated home office or workspace in the post-pandemic period.

Product Type: Security & Surveillance Sub-segment Projected to Gather a Huge Revenue During the Forecast Period

The security & surveillance sub-segment accounted for the highest smart home hardware market share in 2022 and is expected to continue to maintain its dominance during the forecast period. With the emergence of intelligent home technology like intelligent doorbells, intelligent lighting, and surveillance cameras, the security and surveillance systems have become more sophisticated in the past few years. This has led to an increase in demand for these systems which is predicted to boost the sub-segment’s growth by 2032.

Procure Complete Report (290 Pages PDF with Insights, Charts, Tables, and Figures) @ https://bit.ly/44yWz8b

Region: North America Market to be One of the Fastest Growing by 2032

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The North America region accounted for the highest share in the global smart home hardware market in 2022 and is expected to generate tremendous revenue during the forecast period. The increasing number of houses across various countries of this region utilizing connected gadgets and automated systems is expected to be the main growth driver of the market in North America region by 2032.

Leading Players in the Smart Home Hardware Market:

  • Google LLC (Alphabet)
  • Johnson Controls International plc
  • Panasonic Corporation
  • Honeywell Corporation, Inc.
  • ABB Ltd.
  • Samsung Electronics Co Ltd
  • Amazon.com Inc.
  • Legrand SA
  • General Electric
  • Schneider Electric SE

The report provides a detailed analysis of the key players of the global smart home hardware market. These players have adopted different strategies, such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain their dominance in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

Want to Access the Statistical Data and Graphs, Key Players’ Strategies: https://www.alliedmarketresearch.com/smart-home-hardware-market/purchase-options

Key Benefits For Stakeholders:

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the smart home hardware market analysis and smart home hardware market outlook from 2021 to 2031 to identify the prevailing market opportunity.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global smart home hardware market trends, key players, market segments, application areas, and market growth strategies.

Smart Home Hardware Market Key Segments:

By Product Type

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  • Security and Surveillance
  • Smart Appliances
  • Smart Infotainment
  • Utility Management
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (UK, Germany, France, Rest of Europe)
  • Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific)
  • LAMEA (Latin America, Middle East, Africa)

Buy this Research Report @ https://bit.ly/3D7eqri

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

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David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
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[email protected]
Web: https://www.alliedmarketresearch.com/reports-store/semiconductor-and-electronics

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Blockchain Press Releases

Bybit Unveils Liquidity Shield Trading Frenzy with 1,000,000 USDT Prize Pool

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DUBAI, UAE, April 7, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is proud to announce the launch of Liquidity Shield Trading Frenzy, a limited-time initiative designed to empower traders to benefit from Bybit’s leading liquidity and with a chance to win substantial rewards.

From now until May 3, 2025, eligible users may sign up to unlock the Bybit-exclusive protection, offloading pressure of rising volatility in the current market. This program offers participants a chance to compete for a share of a 1,000,000 USDT prize pool across three dynamic activities:

Key Benefits

  1. Liquidity Shield – Trade with Confidence: A 300,000 USDT prize pool has been allocated to help users mitigate slippage risks during market orders on trending USDT trading pairs. This ensures smoother trading experiences. Participants will be reimbursed for slippage up to 10 USDT per trade and up to 1,000 USDT per user, enhancing trading precision and safeguarding traders against sharp price fluctuations.
  2. Ultimate 100 – Rewarding Spot Trading Excellence: Spot traders can demonstrate their skills and climb the leaderboard for a share of the 200,000 USDT prize pool. The top 100 traders by volume stand to win rewards as high as 30,000 USDT. With two tiers—Base Pool ($100,000) and Boost Pool ($200,000)—this activity incentivizes high-volume trading while fostering competition among participants.
  3. Power Boost – Unlock Rewards with Hot Tokens: For traders who prefer trading trending tokens, the Power Boost activity offers access to a massive 500,000 USDT prize pool. By trading selected hot tokens, traders can qualify for multiple pools and maximize their rewards based on trading volume. This initiative caters to diverse trading strategies and encourages exploration of promising assets. The participation threshold for this segment is as low as 500 USDT.

Bybit continues to redefine the trading experience with innovative features like unmatched liquidity protection and dynamic reward structures. For detailed information about eligibility and terms and conditions, users may visit the Bybit Liquidity Shield Trading Frenzy event page.

#Bybit / #TheCryptoArk

About Bybit

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Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media

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Blockchain Press Releases

MANTRA Launches $108,888,888 Ecosystem Fund to Propel RWA Innovation

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HONG KONG, April 7, 2025 /PRNewswire/ — MANTRA Chain, a layer 1 blockchain purpose-built for tokenized real-world assets (RWAs), today announced the launch of the MANTRA Ecosystem Fund (MEF), a $108,888,888 million investment initiative designed to accelerate the growth and adoption of projects within the MANTRA ecosystem. The announcement of the MEF arrives after MANTRA became the first DeFi platform to successfully obtain a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA), to operate as a Virtual Asset Exchange, as well as provide Broker-Dealer and Management and Investment Services. ‍

Supported by a strong network of partners and investors, the MEF will deploy up to $108,888,888 million over the next four years to support high-potential blockchain projects around the world. The MEF will serve as a strategic growth engine, providing capital to startups alongside globally renowned investment firms.

Investment opportunities will be sourced through MANTRA’s vast partner network, including leading incubators and accelerators, and capital partners such as Laser Digital, Shorooq, Brevan Howard Digital, Valor Capital, Three Point Capital, Amber Group, Manifold, UoB Venture, DAMAC, Fuse, LVNA Capital, Forte, and many more. This extensive global reach will ensure that the MEF gains exposure to top-tier projects from around the world.

“In an era where blockchain technology is revolutionizing finance, the MEF will serve as a catalyst for groundbreaking projects that drive real-world adoption through a focus upon the tokenization of real world assets,” said John Patrick Mullin, CEO and founder of MANTRA.

“By aligning with top investors and incubators, we are opening doors for visionary founders and teams to join us in building and creating a thriving ecosystem and bringing more of the world on-chain.”

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Gideon Daitz, partner at Three Point Capital, who will lead the MEF said, “Our primary mission with the MEF is to support the development of RWA tokenization globally, empowering teams with capital, network, and advice to put the world’s highest-quality assets on-chain. We are primarily focused on building out the MANTRA ecosystem, but we genuinely believe in playing a non-zero-sum game, where collaboration and a broad open-arms policy will serve our community and industry best.”

Further adding, “We are seeking to make high conviction, resource heavy developments into fewer more focused teams, ultimately fostering stronger and more ingrained ties through our diverse network of resources.”

The MEF aims to attract and support the best teams in the world innovating with RWA tokenization, welcoming projects at any developmental stage, and even those that are chain agnostic. By fostering collaboration between blockchain pioneers and leading investment firms, MEF is set to become a major force in the evolution of DeFi and RWA adoption.

For more information on how to apply, visit MANTRAChain.io.

About MANTRA
MANTRA Chain is a purpose-built Layer 1 blockchain for real-world assets, capable of adherence to real world regulatory requirements. As a permissionless chain, MANTRA Chain empowers developers and institutions to seamlessly participate in the evolving RWA tokenization space by offering advanced technology modules, compliance mechanisms, and cross-chain interoperability.

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MANTRA holds a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA), to operate as a Virtual Asset Exchange, as well as provide Broker-Dealer and Management and Investment Services. ‍

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Blockchain Press Releases

Top 10 New Tokens on MEXC Average 4,770% Growth in March

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VICTORIA, Seychelles, April 7, 2025 /PRNewswire/ —  MEXC, a leading global cryptocurrency exchange, has released the latest information on the performance of trading operations on the platform, highlighting new milestones and delivering invaluable insights into overall market trends. The dynamics of the BSC ecosystem and specific actions taken by MEXC have allowed average prices on top tokens to excel by thousands of percent, and user numbers to swell, underscoring the importance of new instruments and sectors on general market traction.

Key Takeaways:

  • MEXC listed 129 new tokens in March, 42 of them hosted by the BSC ecosystem;
  • Average price of the top 5 trending tokens on BSC overstepped by 3,760%;
  • Top 10 new tokens achieved an average pricing of 4,770% in March, up fourfold from January and February;
  • MEXC introduced the 0% trading fees for SOL, HYPE, AAVE, and AIXBT, boosting user numbers by 17.8% month-over-month, and trading volume by 170%.
  • Among the top 10 new tokens in March, meme tokens made up half of March’s top 10 spots defying the recent downturn in the sector.

MEXC started March with news of listing 129 new tokens, 42 of which were hosted on the BSC ecosystem. The given number accounts for 32.6% of overall trading, highlighting the importance of the BSC for MEXC and the degree of the exchange’s penetration and integration with the ecosystem. Total spot trading for new tokens accounted for 50.8%, rising by 30.1% month-over-month. Overall trading volume spiked by 56.6%, up by 63.5% compared to February. These dynamics indicate that users are resorting to MEXC as a preferred venue for trading BSC-hosted tokens.

The BSC ecosystem took a leading role in the surge, with top 5 trending tokens reaching an average price increase of 3,760%. The uptrend was driven by MUBARAK, BUBB, and TUT, with 10,900%, 4,168%, and 2,000%, respectively. At the same time, the top 10 new tokens showcased an average price increase of 4,770%, up from 1,174% for the same token category in January and February. MEME tokens took up half of the leaders’ pedestal, with assets from the Infra, AI, and DePIN sectors taking up the remaining spots.

MEXC confirmed its position as a leader across multiple sectors of crypto asset trading, further solidifying its commitment to trading excellence by introducing the 0% Trading Fees Campaign. The action encompassed such pairs as SOL/USDT, HYPE/USDT, AAVE/USDT, and AIXBT/USDT. The campaign has already proven its effectiveness, with the number of traders of zero-fee pairs growing by 17.8% month-over-month, contributing to an overall 170.2% increase in trading volume. SOL/USDT trading pair led with an 186% increase in daily average trading volume and a 209% rise in market share (from 9.8% to 30.3%). RAY/USDT followed with a 27.8% share, while HBAR/USDT and HYPE/USDT rose by 115% and 165%, reaching 18.8% and 13.3% market share, respectively.

The general downturn in the crypto market throughout March of 2025 did not hinder MEXC from continuing to solidify its position as a leader in terms of trading volume growth. The exchange is taking a significant role in the ongoing expansion of the BSC ecosystem, which contributes new tokens to traders. MEXC is committed to remaining a market leader and delivering world-class service to traders at low trading costs with a broad array of innovations and lucrative trading opportunities.

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About MEXC

Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 34 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.

MEXC Official Website X Telegram |How to Sign Up on MEXC

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