How big is the Latin America Smart Home Market?

The Latin America Smart Home Market size is expected to reach USD 3.10 billion in 2024 and grow at a CAGR of 11% to reach USD 5.22 billion by 2029. Read More

What is the current Latin America Smart Home Market size?

In 2024, the Latin America Smart Home Market size is expected to reach USD 3.10 billion. Read More

Who are the key players in Latin America Smart Home Market?

Schneider Electric SE, Emerson Electric Co., ABB Ltd., Honeywell International Inc. and Seimens AG are the major companies operating in the Latin America Smart Home Market. Read More

What years does this Latin America Smart Home Market cover, and what was the market size in 2023?

In 2023, the Latin America Smart Home Market size was estimated at USD 2.76 billion. The report covers the Latin America Smart Home Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Latin America Smart Home Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Latin America Smart Home Market Share

Statistics for the 2023 & 2024 Latin America Smart Home market share, created by Mordor Intelligence™ Industry Reports. Latin America Smart Home share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Latin America Smart Home Industry

The Latin American smart home market is fragmented, with local and global players offering diverse smart home devices and integrated systems tailored to local preferences. The fast pace of technological advancements and the growing consumer demand for innovative solutions intensify the competition.

March 2024 - Samsung Electronics seamlessly integrated ABB-free@home automation into its SmartThings platform, offering residents a single, comprehensive app for managing diverse appliances and devices from various manufacturers. This partnership creates a world-class automation platform, simplifying home management and eliminating application overload. ABB-free@home now interacts with all SmartThings partner solutions, providing remote access and individualized control.
March 2023 - Johnson Controls unveiled the IQ4 NS Security and Smart Home System, offering the quality and reliability of the IQ Panel 4 at an entry-level price. The screen-free system allows users to access features from smart devices for added convenience and cost savings.