Smart Home - France
- France
- The Smart Home market in France is projected to experience significant growth in the coming years.
- By 2024, it is estimated that the market will generate a revenue of €3.2bn.
- This upward trend is expected to continue with an annual growth rate (CAGR 2024-2028) of 8.68%.
- By 2028, the projected market volume is anticipated to reach €4.5bn.
- This growth will be fueled by an increase in the number of active households, which is expected to reach [users_currentlayer_yearend] during the same period.
- The household penetration rate, which currently stands at 27.0%, is projected to reach 50.0% by 2028.
- In terms of revenue per installed Smart Home market, the average is expected to be €385.00.
- This indicates the potential for profitability in the Smart Home market in France.
- When compared globally, it is notable that United States leads in terms of revenue generation, with €35,610.0m projected for 2024.
- This further highlights the market potential and competitiveness in the Smart Home market industry.
- Overall, the Smart Home market in France is poised for growth, with increasing revenue, market volume, and household penetration.
- These figures indicate a promising future for the industry, both domestically and in comparison to other countries.
- France is leading the way in the smart home market with innovative solutions that seamlessly integrate with the country's rich cultural heritage.
Key regions: United States, United Kingdom, Germany, Europe, Norway
Methodology
Data coverage:
The data encompasses B2C enterprises. Figures are based on the sales of smart home products, excluding taxes.Modeling approach:
Market sizes are determined through a bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use the Statista Global Consumer Survey, market data from independent databases and third-party sources, and Statista interviews with market experts. In addition, we use relevant key market indicators and data from country-specific associations, such as household internet penetration and consumer spending for households. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption. The main drivers are GDP/capita, level of digitization, and consumer attitudes toward smart home integration.Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year in case market dynamics change.Vue d’ensemble
- Revenue
- Smart Homes
- Demographics
- Key Players
- Global Comparison
- Methodology
- Key Market Indicators