Smart Home - Brazil
- Brazil
- The Smart Home market in Brazil is predicted to generate a revenue of €1,712.0m by 2024.
- It is expected to experience a steady annual growth rate of 19.7% (CAGR 2024-2028), resulting in a market volume of €2,718.0m by 2028.
- Furthermore, the number of active households in the Smart Home market is projected to reach €1,712.0m by 2028.
- Household penetration, which stands at 11.0% in 2024, is anticipated to increase to 19.7% by 2028.
- Currently, the average revenue per installed Smart Home market is estimated to be €213.80.
- In comparison to other countries, United States generates the highest revenue in the Smart Home market, with €35,980.0m in 2024.
- "The demand for smart home technology in Brazil is rapidly increasing, driven by the country's growing middle class and desire for convenience and energy efficiency."
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.Visión general
- Revenue
- Smart Homes
- Demographics
- Key Players
- Global Comparison
- Methodology
- Key Market Indicators