Market Insights Digital

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 9.15%.
  • By 2028, the projected market volume is anticipated to reach €4.6bn.
  • 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 €389.10.
  • 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 €35,980.0m 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

 
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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
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