Emirates Voice – Research and Markets, an American company specializing in market analysis, confirmed that the smart home market in the United Arab Emirates will witness strong growth in the coming years.
The market size is expected to rise from $654.45 million in 2024 to $1.64 billion by 2033, at a CAGR of 10.75%.
This growth is supported by several factors, including the rise in disposable
income for shopping and the advancement of technology in the country.
In addition to the UAE’s commitment to smart city projects, the adoption of 5G technology, and the spread of technological awareness among the population.
Market components and key players
The smart home market includes a variety of devices such as smart home appliances,
AI speakers, security systems, as well as energy management and home entertainment solutions.
Major players in the market include Johnson Controls, Schneider Electric, Emerson Electric, LG, Legrand, Siemens, Honeywell, and Apple.
Key growth drivers
The UAE government has major projects such as “Dubai Smart City”
and “Masdar City” that rely on integrating the latest smart technologies into the infrastructure.
In addition to competitions that encourage innovation in the field of smart homes.
Through a number of programs and projects aimed at revolutionizing urban life,
The UAE government is significantly contributing to the expansion of the smart home sector.
5G technology provides ultra-fast internet speeds and low latency,
It facilitates communication between smart devices and enhances the possibility of remote control.
Home technology
The UAE’s growing population is interested in technology solutions
that enhance comfort in homes while reducing energy consumption.
Driving demand for devices such as climate control systems, smart security devices,
and energy-efficient lighting.
All UAE citizens have access to the Internet,
The UAE’s Telecommunications Regulatory Authority reported more than 18 million
active mobile phone subscriptions, according to figures from the World Bank.
Market challenges
Despite the great opportunities, the market faces challenges, the most important of
which is the presence of many different brands and devices that are difficult to integrate smoothly.
Which causes complications for consumers and slows down technology adoption.
Concerns are growing about the protection of personal data and the security of connected devices,
This may negatively impact user confidence and market growth.
Future expectations
With continued government support and technological advancements,
the Emirates smart home market is expected to continue expanding.
Supported by increasing consumer awareness and their drive to improve quality of life through smart and sustainable solutions.
Cloud technologies and the Internet of Things will play a pivotal role in providing integrated and advanced solutions in the near future.
