Smart Home Hub Market Report 2025

The smart home hub market size has grown exponentially in recent years. It will grow from $158.25 billion in 2024 to $191.27 billion in 2025 at a compound annual growth rate (CAGR) of 20.9%. The growth observed in the historical period can be attributed to several factors, including a rise in consumer awareness of smart home technology, increased internet penetration and broadband access, the growing popularity of voice assistants such as Alexa and Google Assistant, the expansion of smart speakers, and a greater demand for home automation solutions.

The smart home hub market size is expected to see exponential growth in the next few years. It will grow to $405.08 billion in 2029 at a compound annual growth rate (CAGR) of 20.6%. The growth expected during the forecast period can be attributed to factors such as the increasing demand for edge computing in home automation, the expansion of 5G connectivity, a growing consumer preference for seamless multi-device integration, heightened focus on privacy-conscious smart home hubs, and improvements in voice control accuracy and multilingual support. Key trends during this period include AI-powered automation, integration with the Matter protocol, edge computing for quicker processing, biometric authentication, and multi-modal interaction.

The growing adoption of Internet of Things (IoT) technologies is expected to drive the expansion of the smart home hub market. IoT technologies enable devices to connect to the internet for data collection, sharing, and utilization, facilitating automation and smarter decision-making. As businesses and consumers increasingly seek enhanced automation to streamline operations, reduce manual effort, and enable real-time data-driven decision-making, the demand for IoT solutions continues to rise. Smart home hubs play a crucial role in supporting IoT by serving as central communication bridges that connect, integrate, and automate various smart devices, ensuring seamless control and interoperability within a connected ecosystem. For example, in August 2023, Estuary Technologies Inc., a US-based technology company specializing in real-time data integration solutions, reported a 66% increase in the number of IoT devices, reaching approximately 19.8 billion, compared to an 18% growth in 2022, which brought the total to around 14.4 billion. This increasing adoption of IoT technologies is significantly contributing to the growth of the smart home hub market.

Leading companies in the smart home hub market are prioritizing the development of innovative smart home hubs with versatile matter controllers that incorporate thread and Bluetooth protocols. These advancements aim to enhance device compatibility, improve connectivity, and streamline smart home automation. Thread and Bluetooth protocol is a low-power, IPv6-based wireless networking protocol designed for smart home devices, offering secure, reliable, and scalable mesh communication without the need for a central hub. For instance, in January 2024, Aqara, a China-based technology company specializing in smart home automation, introduced the Hub M3, a new smart home hub integrating thread and Bluetooth protocols. This hub enhances the connectivity and communication of smart devices, allowing users to manage their entire home from a single central device while improving convenience, security, and efficiency. With this upgrade, the M3 functions as a versatile matter controller and thread border router, making it an ideal hub for a seamless, locally managed, and future-ready smart home.

In February 2024, Fibocom Wireless Inc., a China-based technology company specializing in wireless communication solutions for smart home hubs, announced a partnership with STMicroelectronics N.V. This collaboration aims to enhance smart home connectivity and automation, ensuring more seamless and efficient device control. STMicroelectronics N.V., a Switzerland-based semiconductor company, is known for providing smart home devices. Through this partnership, both companies seek to advance smart home technologies and improve automation capabilities for users worldwide.

Major players in the smart home hub market are Amazon.com Inc., Apple Inc., Google LLC, Samsung Electronics Co. Ltd., Abode Systems Inc., Logitech International S.A., TP-Link Technologies Co. Ltd., Crestron Electronics Inc., Lutron Electronics Co. Inc., Vera Control Ltd., Devolo AG, Savant Systems Inc., Orvibo Technology Co. Ltd., Wink Labs Inc., Ezlo Innovation, Securifi Inc., Brilliant Home Technology Inc., Aeotec Group GmbH, Hubitat Inc., HomeSeer Technologies LLC.

North America was the largest region in the smart home hub market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in smart home hub report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the smart home hub market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A smart home hub is a central unit that connects various smart devices, facilitating smooth communication between them while offering easy control and automation. With this setup, users can manage their home’s lighting, security, temperature, and more from one interface or with voice commands.

The primary types of smart home hubs are multi-protocol hubs and platform or ecosystem hubs. Multi-protocol hubs are designed to support multiple communication standards, ensuring compatibility across various smart devices. These devices encompass a wide range of options, including smart speakers, displays, thermostats, lighting controllers, and security systems. They work with various technologies such as wired, wireless, Bluetooth, Zigbee, and Z-Wave, and offer compatibility with different platforms, smartphones, voice assistants, IoT devices, and smart appliances. These hubs serve a variety of purposes, such as home automation, energy management, security, healthcare monitoring, and entertainment control.

The smart home hubs market research report is one of a series of new reports that provides smart home hubs market statistics, including the smart home hubs industry global market size, regional shares, competitors with the smart home hubs market share, detailed smart home hubs market segments, market trends, and opportunities, and any further data you may need to thrive in the smart home hubs industry. This smart home hubs market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The smart home hub consists of revenues earned by entities by providing services such as device integration, installation, subscription-based services, data analytics, and offering software updates or maintenance. The market value includes the value of related goods sold by the service provider or included within the service offering. The smart home hub market also includes sales of products including smart locks, light bulbs, sensors. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 3-5 business days.