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The US smart homes market size is forecast to increase by USD 5.91 billion at a CAGR of 5.41% between 2023 and 2028. In the US market, the smart homes sector is experiencing significant growth due to increasing consumer preference for home automation. This trend is driven by the development of advanced technologies, such as occupancy and daylight sensors, relays, and external communication protocols, which enable seamless integration of various IoT devices. The smart kitchen segment, including modular kitchens and kitchen renovation activities, is a key growth area, with LED-based systems, smartphone apps, tablets, and standalone voice assistants gaining popularity for entertainment control, HVAC management, and home appliance operation. E-commerce platforms facilitate the purchase of these solutions, making them more accessible to consumers. However, challenges persist, including interoperability issues, which require standardization efforts to ensure smooth communication between different devices and systems.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Technology
8 Customer Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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