Mexico Smart Home Market Value Analysis

Name: Mexico Smart Home Market Value Analysis | 2024-2030
Creator: Supradip Baul
Published: Aug 2025

Mexico Smart Home Market by Product Type (Smart Lighting, and Others), by Communication Protocol (Wifi, Zigbee, and Others), by Smart Home Hubs (Standalone Hubs, and Built-in Hubs), by Voice Assistants Integration (Amazon Alexa, and Others), by Smart Home Compatibility with Smartphones (iOS, and Android), by Installation (DIY Intallation, and Professional Installation), by Professional Installation (Online, and Offline)– Opportunity Analysis and Industry Forecast, 2024–2030.

Download PDF

Speak to Our Analyst

Mexico Smart Home Market Overview

The Mexico Smart Home Market size was valued at USD 8.23 billion in 2023, and is predicted to reach USD 25.5 billion by 2030, at a CAGR of 17.5% from 2024 to 2030. A smart home, alternatively termed a connected home, denotes a dwelling outfitted with cutting-edge technology and automated systems facilitating centralized control and monitoring of diverse household devices, appliances, and security features via a unified network.

These intelligent home automation devices are remotely accessible and frequently respond to voice commands or predetermined schedules, augmenting convenience, energy efficiency, and security for homeowners. Common components of connected homes encompass smart thermostats, lighting systems, security cameras, voice assistants, and other interconnected devices aimed at enhancing the overall residential lifestyle.

Rapid Urbanization is Driving the Mexico Smart Home Market Growth

Mexico’s rapid urbanization is playing a pivotal role in accelerating the adoption of smart home technologies. With approximately 80% of the population living in urban areas, as reported by the United Nations Human Settlements Programme, the demand for connected living solutions is intensifying. Urban residents, particularly in Mexico City, Guadalajara, and Monterrey, are increasingly drawn to automation technologies that enhance comfort, safety, and energy efficiency.

Smart lighting systems, security cameras, voice-activated controls, and energy-monitoring devices are gaining popularity among tech-savvy urban consumers seeking convenience and modern lifestyles. As residential developments in major cities continue to expand, the smart home ecosystem in Mexico is benefiting from improved infrastructure and broader device availability, fueling sustained market growth.

Rising GDP and Economic Development Boosts the Mexico Smart Home Market

Mexico’s steady economic growth and rising gross domestic product (GDP) are contributing significantly to the expansion of its smart home market. With a growing middle-class population enjoying higher disposable incomes, more households are investing in smart devices to improve living standards and home functionality. This trend is particularly visible in suburban and metropolitan areas where financial capacity aligns with lifestyle aspirations.

Connected home solutions such as smart thermostats, automated blinds, and centralized control hubs are increasingly seen not just as luxury items, but as value-adding components of everyday life. The positive economic environment in Mexico, alongside greater access to financing and consumer electronics, is creating fertile ground for broader smart home adoption across various income segments.

Security and Data Privacy Concerns Challenge the Mexico Smart Home Market Expansion

Despite robust growth, the Mexico smart home market faces significant challenges related to data privacy and cybersecurity. As homes become increasingly connected—featuring smart locks, surveillance systems, and voice-activated assistants—concerns over potential hacking, unauthorized access, and data misuse are mounting. These vulnerabilities can compromise not only user privacy but also personal safety.

Many Mexican households are still unfamiliar with best practices for securing connected devices, such as using strong passwords, updating firmware regularly, or safeguarding Wi-Fi networks. Without adequate user education and built-in security measures, the market risks hesitation from consumers who prioritize digital safety. Addressing these concerns through industry standards and public awareness campaigns will be critical for sustaining trust and adoption.

Integration of Blockchain Presents Growth Opportunities in the Mexico Smart Home Market

The integration of blockchain technology into Mexico’s smart home ecosystem presents a promising avenue for enhanced data security and network transparency. Known for its decentralized and tamper-resistant structure, blockchain can securely encrypt smart home data and provide users with greater control over who accesses their information. This is particularly important in a market like Mexico, where cybersecurity concerns are a major barrier to adoption.

Blockchain-enabled smart contracts can automate and authenticate device interactions, ensuring that only verified devices operate within a home’s connected environment. By decentralizing access control and improving transparency, blockchain not only boosts consumer confidence but also opens new possibilities for secure, scalable, and intelligent smart home networks in Mexico—driving innovation and long-term market expansion.

Competitive Landscape

Several market players operating in the Mexico smart home industry include Amazon (Echo/Alexa), Google Nest, Schneider Electric, Xiaomi, Bosch Smart Home, ABB, Lutron, Apple, Toshiba Corporation, Panasonic Corporation, Signify N.V., Whirlpool Corporation, TP-Link, ntrol4, msung Electronics

Mexico Smart Home Market Key Segments

By Product Type

Smart Lighting
- Smart Bulbs
- Smart Light Strips
- Smart Switches
Smart Home Security and Surveillance
- Smart Cameras
- Video Doorbells
- Smart Locks
- Security System
Smart Entertainment
- Smart TVs
- Smart Speakers
- Streaming Devices
Smart Appliances
- Smart Refrigerators
- Smart Ovens
- Smart Washing Machines
- Smart Dishwashers
- Smart Home HVAC Management
- Other Smart Appliances

By Communication Protocol

Wi-Fi
Zigbee
Z-wave
Bluetooth
Thread

By Smart Home Hubs

Standalone Hubs
Built-in Hubs

By Voice Assistants Integration

Amazon Alexa
Google Assistant
Apple Siri
Others

By Smart Home Compatibility with Smartphones

iOS
Android

By Installation

DIY Installation
Professional Installation

By Sales Channel

Online Retailers
- E-commerce Platforms
- Company Websites
Offline Retailers
- Retail Stores
- Supermarkets & Hypermarkets
- Specialty Stores

Key Players

Amazon (Echo/Alexa)
Google Nest
Schneider Electric
Xiaomi
Bosch Smart Home
ABB
Lutron
Apple
Toshiba Corporation
Panasonic Corporation
Signify N.V.
Whirlpool Corporation
TP-Link
Control4
Samsung Electronics

REPORT SCOPE AND SEGMENTATION:

Parameters	Details
Market Size in 2023	USD 8.23 Billion
Revenue Forecast in 2030	USD 25.5 Billion
Growth Rate	CAGR of 17.5% from 2024 to 2030
Analysis Period	2023–2030
Base Year Considered	2023
Forecast Period	2024–2030
Market Size Estimation	Billion (USD)
Growth Factors	Rapid Urbanization is Driving the Mexico Smart Home Market Growth Rising GDP and Economic Development Boosts the Mexico Smart Home Market
Companies Profiled	15
Market Share	Available for 10 companies
Customization Scope	Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs.

1. 1.1. REPORT DESCRIPTION
2. 1.2. WHO SHOULD READ THIS REPORT
3. 1.3. KEY MARKET SEGMENTS
4. 1.4. RESEARCH METHODOLOGY
5. 1. 1.4.1 MARKET SIZE ESTIMATION METHODOLOGY
  2. 1. 1.4.1.1. TOP-DOWN AND BOTTOM-UP APPROACH
    2. 1.4.1.2. DEMAND AND SUPPLY-SIDE ANALYSIS
    3. 1.4.1.3. MACRO-INDICATOR APPROACH
  3. 1.4.2 DATA COLLECTION APPROACH
  4. 1. 1.4.2.1. PRIMARY DATA COLLECTION
    2. 1.4.2.2. SECONDARY DATA COLLECTION
  5. 1.4.3 SECONDARY DATA SOURCES
  6. 1.4.4 FORECASTING

1. 2.1. DEFINITION
2. 2.2. SCOPE

1. 3.1. MARKET SNAPSHOT, 2024 - 2030, MILLION USD

1. 4.1. MARKET DYNAMICS
2. 1. 4.1.1 DRIVERS
  2. 1. 4.1.1.1. RAPID URBANIZATION IS DRIVING THE MEXICO SMART HOME MARKET GROWTH
    2. 4.1.1.2. RISING GDP AND ECONOMIC DEVELOPMENT BOOSTS THE MEXICO SMART HOME MARKET
  3. 4.1.2 RESTRAINTS
  4. 1. 4.1.2.1. SECURITY AND DATA PRIVACY CONCERNS CHALLENGE THE MEXICO SMART HOME MARKET EXPANSION
  5. 4.1.3 OPPORTUNITIES
  6. 1. 4.1.3.1. INTEGRATION OF BLOCKCHAIN PRESENTS GROWTH OPPORTUNITIES IN THE MEXICO SMART HOME MARKET

1. 5.1. MARKET SHARE ANALYSIS OF TOP 10 MEXICO SMART HOME MARKET PROVIDERS, 2024

1. 6.1 OVERVIEW
2. 6.2 SMART LIGHTING MARKET
3. 1. 6.2.1 SMART BULBS
  2. 6.2.2 SMART LIGHT STRIPS
  3. 6.2.3 SMART SWITCHES
4. 6.3 SMART HOME SECURITY AND SURVEILLANCE MARKET
5. 1. 6.3.1 SMART CAMERAS
  2. 6.3.2 VIDEO DOORBELLS
  3. 6.3.3 SMART LOCKS
  4. 6.3.4 SECURITY SYSTEM
6. 6.4 SMART ENTERTAINMENT MARKET
7. 1. 6.4.1 SMART TVS
  2. 6.4.2 SMART SPEAKERS
  3. 6.4.3 STREAMING DEVICES
8. 6.5 SMART APPLIANCES MARKET
9. 1. 6.5.1 SMART REFRIGERATORS
  2. 6.5.2 SMART OVENS
  3. 6.5.3 SMART WASHING MACHINES
  4. 6.5.4 SMART DISHWASHERS
  5. 6.5.5 SMART HOME HVAC MANAGEMENT
  6. 6.5.6 SMART RICE COOKER
  7. 6.5.7 SMART PANTRY/STORAGE SYSTEM
  8. 6.5.8 SMART BLENDER
  9. 6.5.9 OTHER SMART APPLIANCES

1. 7.1 OVERVIEW
2. 7.2 WIFI MARKET
3. 7.3 ZIGBEE MARKET
4. 7.4 Z-WAVE MARKET
5. 7.5 BLUETOOTH MARKET
6. 7.6 THREAD MARKET

1. 8.1 OVERVIEW
2. 8.2 STANDALONE HUBS MARKET
3. 8.3 BUILT-IN HUBS MARKET

1. 9.1 OVERVIEW
2. 9.2 AMAZON ALEXA MARKET
3. 9.3 GOGGLE ASSISTANT MARKET
4. 9.4 APPLE SIRI MARKET
5. 9.5 OTHERS MARKET

1. 10.1 OVERVIEW
2. 10.2 IOS MARKET
3. 10.3 ANDROID MARKET

1. 11.1 OVERVIEW
2. 11.2 DIY INSTALLATION MARKET
3. 11.3 PROFESSIONAL INSTALLATION MARKET

1. 12.1 OVERVIEW
2. 12.2 ONLINE MARKET
3. 1. 12.2.1 E-COMMERCE PLATFORMS
  2. 12.2.2 COMPANY WEBSITES
4. 12.3 OFFLINE MARKET
5. 1. 12.3.1 RETAIL STORES
  2. 12.3.2 SUPERMARKETS AND HYPERMARKETS
  3. 12.3.3 SPECIALTY STORES

1. 13.1 AMAZON (ECHO/ALEXA)
2. 1. 13.1.1 COMPANY OVERVIEW
  2. 13.1.2 COMPANY SNAPSHOT
  3. 13.1.3 OPERATING BUSINESS SEGMENTS
  4. 13.1.4 PRODUCT PORTFOLIO
  5. 13.1.5 BUSINESS PERFORMANCE
  6. 13.1.6 BUSINESS SEGMENTS
  7. 13.1.7 GEOGRAPHIC SEGMENTS
  8. 13.1.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 13.1.9 PRIMARY MARKET COMPETITORS
3. 13.2 GOOGLE NEST
4. 1. 13.2.1 COMPANY OVERVIEW
  2. 13.2.2 COMPANY SNAPSHOT
  3. 13.2.3 OPERATING BUSINESS SEGMENTS
  4. 13.2.4 PRODUCT PORTFOLIO
  5. 13.2.5 BUSINESS PERFORMANCE
  6. 13.2.6 BUSINESS SEGMENTS
  7. 13.2.7 GEOGRAPHIC SEGMENTS
  8. 13.2.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 13.2.9 PRIMARY MARKET COMPETITORS
5. 13.3 SCHNEIDER ELECTRIC
6. 1. 13.3.1 COMPANY OVERVIEW
  2. 13.3.2 COMPANY SNAPSHOT
  3. 13.3.3 OPERATING BUSINESS SEGMENTS
  4. 13.3.4 PRODUCT PORTFOLIO
  5. 13.3.5 BUSINESS PERFORMANCE
  6. 13.3.6 BUSINESS SEGMENTS
  7. 13.3.7 GEOGRAPHIC SEGMENTS
  8. 13.3.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 13.3.9 PRIMARY MARKET COMPETITORS
7. 13.4 XIAOMI
8. 1. 13.4.1 COMPANY OVERVIEW
  2. 13.4.2 COMPANY SNAPSHOT
  3. 13.4.3 OPERATING BUSINESS SEGMENTS
  4. 13.4.4 PRODUCT PORTFOLIO
  5. 13.4.5 BUSINESS PERFORMANCE
  6. 13.4.6 BUSINESS SEGMENTS
  7. 13.4.7 GEOGRAPHIC SEGMENTS
  8. 13.4.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 13.4.9 PRIMARY MARKET COMPETITORS
9. 13.5 BOSCH SMART HOME
10. 1. 13.5.1 COMPANY OVERVIEW
  2. 13.5.2 COMPANY SNAPSHOT
  3. 13.5.3 OPERATING BUSINESS SEGMENTS
  4. 13.5.4 PRODUCT PORTFOLIO
  5. 13.5.5 BUSINESS PERFORMANCE
  6. 13.5.6 BUSINESS SEGMENTS
  7. 13.5.7 GEOGRAPHIC SEGMENTS
  8. 13.5.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 13.5.9 PRIMARY MARKET COMPETITORS
11. 13.6 ABB
12. 1. 13.6.1 COMPANY OVERVIEW
  2. 13.6.2 COMPANY SNAPSHOT
  3. 13.6.3 OPERATING BUSINESS SEGMENTS
  4. 13.6.4 PRODUCT PORTFOLIO
  5. 13.6.5 BUSINESS PERFORMANCE
  6. 13.6.6 BUSINESS SEGMENTS
  7. 13.6.7 GEOGRAPHIC SEGMENTS
  8. 13.6.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 13.6.9 PRIMARY MARKET COMPETITORS
13. 13.7 LUTRON
14. 1. 13.7.1 COMPANY OVERVIEW
  2. 13.7.2 COMPANY SNAPSHOT
  3. 13.7.3 OPERATING BUSINESS SEGMENTS
  4. 13.7.4 PRODUCT PORTFOLIO
  5. 13.7.5 BUSINESS PERFORMANCE
  6. 13.7.6 BUSINESS SEGMENTS
  7. 13.7.7 GEOGRAPHIC SEGMENTS
  8. 13.7.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 13.7.9 PRIMARY MARKET COMPETITORS
15. 13.8 APPLE
16. 1. 13.8.1 COMPANY OVERVIEW
  2. 13.8.2 COMPANY SNAPSHOT
  3. 13.8.3 OPERATING BUSINESS SEGMENTS
  4. 13.8.4 PRODUCT PORTFOLIO
  5. 13.8.5 BUSINESS PERFORMANCE
  6. 13.8.6 BUSINESS SEGMENTS
  7. 13.8.7 GEOGRAPHIC SEGMENTS
  8. 13.8.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 13.8.9 PRIMARY MARKET COMPETITORS
17. 13.9 TOSHIBA CORPORATION
18. 1. 13.9.1 COMPANY OVERVIEW
  2. 13.9.2 COMPANY SNAPSHOT
  3. 13.9.3 OPERATING BUSINESS SEGMENTS
  4. 13.9.4 PRODUCT PORTFOLIO
  5. 13.9.5 BUSINESS PERFORMANCE
  6. 13.9.6 BUSINESS SEGMENTS
  7. 13.9.7 GEOGRAPHIC SEGMENTS
  8. 13.9.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 13.9.9 PRIMARY MARKET COMPETITORS
19. 13.10 PANASONIC CORPORATION
20. 1. 13.10.1 COMPANY OVERVIEW
  2. 13.10.2 COMPANY SNAPSHOT
  3. 13.10.3 OPERATING BUSINESS SEGMENTS
  4. 13.10.4 PRODUCT PORTFOLIO
  5. 13.10.5 BUSINESS PERFORMANCE
  6. 13.10.6 BUSINESS SEGMENTS
  7. 13.10.7 GEOGRAPHIC SEGMENTS
  8. 13.10.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 13.10.9 PRIMARY MARKET COMPETITORS
21. 13.11 SIGNIFY N.V.
22. 1. 13.11.1 COMPANY OVERVIEW
  2. 13.11.2 COMPANY SNAPSHOT
  3. 13.11.3 OPERATING BUSINESS SEGMENTS
  4. 13.11.4 PRODUCT PORTFOLIO
  5. 13.11.5 BUSINESS PERFORMANCE
  6. 13.11.6 BUSINESS SEGMENTS
  7. 13.11.7 GEOGRAPHIC SEGMENTS
  8. 13.11.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 13.11.9 PRIMARY MARKET COMPETITORS
23. 13.12 WHIRLPOOL CORPORATION
24. 1. 13.12.1 COMPANY OVERVIEW
  2. 13.12.2 COMPANY SNAPSHOT
  3. 13.12.3 OPERATING BUSINESS SEGMENTS
  4. 13.12.4 PRODUCT PORTFOLIO
  5. 13.12.5 BUSINESS PERFORMANCE
  6. 13.12.6 BUSINESS SEGMENTS
  7. 13.12.7 GEOGRAPHIC SEGMENTS
  8. 13.12.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 13.12.9 PRIMARY MARKET COMPETITORS
25. 13.13 TP-LINK
26. 1. 13.13.1 COMPANY OVERVIEW
  2. 13.13.2 COMPANY SNAPSHOT
  3. 13.13.3 OPERATING BUSINESS SEGMENTS
  4. 13.13.4 PRODUCT PORTFOLIO
  5. 13.13.5 BUSINESS PERFORMANCE
  6. 13.13.6 BUSINESS SEGMENTS
  7. 13.13.7 GEOGRAPHIC SEGMENTS
  8. 13.13.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 13.13.9 PRIMARY MARKET COMPETITORS
27. 13.14 CONTROL4
28. 1. 13.14.1 COMPANY OVERVIEW
  2. 13.14.2 COMPANY SNAPSHOT
  3. 13.14.3 OPERATING BUSINESS SEGMENTS
  4. 13.14.4 PRODUCT PORTFOLIO
  5. 13.14.5 BUSINESS PERFORMANCE
  6. 13.14.6 BUSINESS SEGMENTS
  7. 13.14.7 GEOGRAPHIC SEGMENTS
  8. 13.14.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 13.14.9 PRIMARY MARKET COMPETITORS
29. 13.15 SAMSUNG ELECTRONICS
30. 1. 13.15.1 COMPANY OVERVIEW
  2. 13.15.2 COMPANY SNAPSHOT
  3. 13.15.3 OPERATING BUSINESS SEGMENTS
  4. 13.15.4 PRODUCT PORTFOLIO
  5. 13.15.5 BUSINESS PERFORMANCE
  6. 13.15.6 BUSINESS SEGMENTS
  7. 13.15.7 GEOGRAPHIC SEGMENTS
  8. 13.15.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 13.15.9 PRIMARY MARKET COMPETITORS

TABLE 1. MEXICO SMART HOME MARKET VALUE, BY PRODUCT TYPE, 2024-2030, (MILLION USD)
TABLE 2. SMART LIGHTING, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 3. SMART BULBS, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 4. SMART LIGHT STRIPS, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 5. SMART SWITCHES, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 6. SMART HOME SECURITY AND SURVEILLANCE, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 7. SMART CAMERAS, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 8. VIDEO DOORBELLS, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 9. SMART LOCKS, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 10. SECURITY SYSTEM, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 11. SMART ENTERTAINMENT, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 12. SMART TVS, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 13. SMART SPEAKERS, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 14. STREAMING DEVICES, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 15. SMART APPLIANCES, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 16. SMART REFRIGERATORS, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 17. SMART OVENS, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 18. SMART WASHING MACHINES, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 19. SMART DISHWASHERS, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 20. SMART HOME HVAC MANAGEMENT, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 21. SMART RICE COOKER, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 22. SMART PANTRY/STORAGE SYSTEM, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 23. SMART BLENDER, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 24. OTHER SMART APPLIANCES, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 25. MEXICO SMART HOME MARKET VALUE, BY COMMUNICATION PROTOCOL, 2024-2030, (MILLION USD)
TABLE 26. WIFI, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 27. ZIGBEE, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 28. Z-WAVE, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 29. BLUETOOTH, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 30. THREAD, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 31. MEXICO SMART HOME MARKET VALUE, BY SMART HOME HUBS, 2024-2030, (MILLION USD)
TABLE 32. STANDALONE HUBS, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 33. BUILT-IN HUBS, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 34. MEXICO SMART HOME MARKET VALUE, BY VOICE ASSISTANTS INTEGRATION, 2024-2030, (MILLION USD)
TABLE 35. AMAZON ALEXA, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 36. GOGGLE ASSISTANT, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 37. APPLE SIRI, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 38. OTHERS, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 39. MEXICO SMART HOME MARKET VALUE, BY SMART HOME COMPATIBILITY WITH SMARTPHONES, 2024-2030, (MILLION USD)
TABLE 40. IOS, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 41. ANDROID, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 42. MEXICO SMART HOME MARKET VALUE, BY INSTALLATION, 2024-2030, (MILLION USD)
TABLE 43. DIY INSTALLATION, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 44. PROFESSIONAL INSTALLATION, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 45. MEXICO SMART HOME MARKET VALUE, BY SALES CHANNEL, 2024-2030, (MILLION USD)
TABLE 46. ONLINE, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 47. E-COMMERCE PLATFORMS, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 48. COMPANY WEBSITES, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 49. OFFLINE, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 50. RETAIL STORES, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 51. SUPERMARKETS AND HYPERMARKETS, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 52. SPECIALTY STORES, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 53. AMAZON (ECHO/ALEXA): COMPANY SNAPSHOT
TABLE 54. AMAZON (ECHO/ALEXA): OPERATING BUSINESS SEGMENTS
TABLE 55. AMAZON (ECHO/ALEXA): PRODUCT PORTFOLIO
TABLE 56. AMAZON (ECHO/ALEXA): SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 57. AMAZON (ECHO/ALEXA): SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 58. AMAZON (ECHO/ALEXA): KEY STRATERGY
TABLE 59. GOOGLE NEST: COMPANY SNAPSHOT
TABLE 60. GOOGLE NEST: OPERATING BUSINESS SEGMENTS
TABLE 61. GOOGLE NEST: PRODUCT PORTFOLIO
TABLE 62. GOOGLE NEST: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 63. GOOGLE NEST: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 64. GOOGLE NEST: KEY STRATERGY
TABLE 65. SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
TABLE 66. SCHNEIDER ELECTRIC: OPERATING BUSINESS SEGMENTS
TABLE 67. SCHNEIDER ELECTRIC: PRODUCT PORTFOLIO
TABLE 68. SCHNEIDER ELECTRIC: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 69. SCHNEIDER ELECTRIC: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 70. SCHNEIDER ELECTRIC: KEY STRATERGY
TABLE 71. XIAOMI: COMPANY SNAPSHOT
TABLE 72. XIAOMI: OPERATING BUSINESS SEGMENTS
TABLE 73. XIAOMI: PRODUCT PORTFOLIO
TABLE 74. XIAOMI: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 75. XIAOMI: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 76. XIAOMI: KEY STRATERGY
TABLE 77. BOSCH SMART HOME: COMPANY SNAPSHOT
TABLE 78. BOSCH SMART HOME: OPERATING BUSINESS SEGMENTS
TABLE 79. BOSCH SMART HOME: PRODUCT PORTFOLIO
TABLE 80. BOSCH SMART HOME: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 81. BOSCH SMART HOME: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 82. BOSCH SMART HOME: KEY STRATERGY
TABLE 83. ABB: COMPANY SNAPSHOT
TABLE 84. ABB: OPERATING BUSINESS SEGMENTS
TABLE 85. ABB: PRODUCT PORTFOLIO
TABLE 86. ABB: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 87. ABB: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 88. ABB: KEY STRATERGY
TABLE 89. LUTRON: COMPANY SNAPSHOT
TABLE 90. LUTRON: OPERATING BUSINESS SEGMENTS
TABLE 91. LUTRON: PRODUCT PORTFOLIO
TABLE 92. LUTRON: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 93. LUTRON: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 94. LUTRON: KEY STRATERGY
TABLE 95. APPLE: COMPANY SNAPSHOT
TABLE 96. APPLE: OPERATING BUSINESS SEGMENTS
TABLE 97. APPLE: PRODUCT PORTFOLIO
TABLE 98. APPLE: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 99. APPLE: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 100. APPLE: KEY STRATERGY
TABLE 101. TOSHIBA CORPORATION: COMPANY SNAPSHOT
TABLE 102. TOSHIBA CORPORATION: OPERATING BUSINESS SEGMENTS
TABLE 103. TOSHIBA CORPORATION: PRODUCT PORTFOLIO
TABLE 104. TOSHIBA CORPORATION: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 105. TOSHIBA CORPORATION: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 106. TOSHIBA CORPORATION: KEY STRATERGY
TABLE 107. PANASONIC CORPORATION: COMPANY SNAPSHOT
TABLE 108. PANASONIC CORPORATION: OPERATING BUSINESS SEGMENTS
TABLE 109. PANASONIC CORPORATION: PRODUCT PORTFOLIO
TABLE 110. PANASONIC CORPORATION: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 111. PANASONIC CORPORATION: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 112. PANASONIC CORPORATION: KEY STRATERGY
TABLE 113. SIGNIFY N.V.: COMPANY SNAPSHOT
TABLE 114. SIGNIFY N.V.: OPERATING BUSINESS SEGMENTS
TABLE 115. SIGNIFY N.V.: PRODUCT PORTFOLIO
TABLE 116. SIGNIFY N.V.: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 117. SIGNIFY N.V.: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 118. SIGNIFY N.V.: KEY STRATERGY
TABLE 119. WHIRLPOOL CORPORATION: COMPANY SNAPSHOT
TABLE 120. WHIRLPOOL CORPORATION: OPERATING BUSINESS SEGMENTS
TABLE 121. WHIRLPOOL CORPORATION: PRODUCT PORTFOLIO
TABLE 122. WHIRLPOOL CORPORATION: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 123. WHIRLPOOL CORPORATION: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 124. WHIRLPOOL CORPORATION: KEY STRATERGY
TABLE 125. TP-LINK: COMPANY SNAPSHOT
TABLE 126. TP-LINK: OPERATING BUSINESS SEGMENTS
TABLE 127. TP-LINK: PRODUCT PORTFOLIO
TABLE 128. TP-LINK: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 129. TP-LINK: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 130. TP-LINK: KEY STRATERGY
TABLE 131. CONTROL4: COMPANY SNAPSHOT
TABLE 132. CONTROL4: OPERATING BUSINESS SEGMENTS
TABLE 133. CONTROL4: PRODUCT PORTFOLIO
TABLE 134. CONTROL4: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 135. CONTROL4: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 136. CONTROL4: KEY STRATERGY
TABLE 137. SAMSUNG ELECTRONICS: COMPANY SNAPSHOT
TABLE 138. SAMSUNG ELECTRONICS: OPERATING BUSINESS SEGMENTS
TABLE 139. SAMSUNG ELECTRONICS: PRODUCT PORTFOLIO
TABLE 140. SAMSUNG ELECTRONICS: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 141. SAMSUNG ELECTRONICS: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 142. SAMSUNG ELECTRONICS: KEY STRATERGY

FIGURE 1. BARGAINING POWER OF SUPPLIERS
FIGURE 2. BARGAINING POWER OF BUYERS
FIGURE 3. DEGREE OF COMPETITION
FIGURE 4. THREAT OF SUBSTITUTE
FIGURE 5. THREAT OF NEW ENTRANTS
FIGURE 6. MEXICO SMART HOME MARKET VALUE, BY PRODUCT TYPE, 2024-2030, (MILLION USD)
FIGURE 7. SMART LIGHTING, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 8. SMART BULBS, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 9. SMART LIGHT STRIPS, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 10. SMART SWITCHES, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 11. SMART HOME SECURITY AND SURVEILLANCE, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 12. SMART CAMERAS, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 13. VIDEO DOORBELLS, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 14. SMART LOCKS, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 15. SECURITY SYSTEM, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 16. SMART ENTERTAINMENT, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 17. SMART TVS, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 18. SMART SPEAKERS, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 19. STREAMING DEVICES, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 20. SMART APPLIANCES, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 21. SMART REFRIGERATORS, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 22. SMART OVENS, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 23. SMART WASHING MACHINES, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 24. SMART DISHWASHERS, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 25. SMART HOME HVAC MANAGEMENT, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 26. SMART RICE COOKER, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 27. SMART PANTRY/STORAGE SYSTEM, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 28. SMART BLENDER, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 29. OTHER SMART APPLIANCES, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 30. MEXICO SMART HOME MARKET VALUE, BY COMMUNICATION PROTOCOL, 2024-2030, (MILLION USD)
FIGURE 31. WIFI, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 32. ZIGBEE, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 33. Z-WAVE, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 34. BLUETOOTH, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 35. THREAD, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 36. MEXICO SMART HOME MARKET VALUE, BY SMART HOME HUBS, 2024-2030, (MILLION USD)
FIGURE 37. STANDALONE HUBS, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 38. BUILT-IN HUBS, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 39. MEXICO SMART HOME MARKET VALUE, BY VOICE ASSISTANTS INTEGRATION, 2024-2030, (MILLION USD)
FIGURE 40. AMAZON ALEXA, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 41. GOGGLE ASSISTANT, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 42. APPLE SIRI, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 43. OTHERS, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 44. MEXICO SMART HOME MARKET VALUE, BY SMART HOME COMPATIBILITY WITH SMARTPHONES, 2024-2030, (MILLION USD)
FIGURE 45. IOS, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 46. ANDROID, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 47. MEXICO SMART HOME MARKET VALUE, BY INSTALLATION, 2024-2030, (MILLION USD)
FIGURE 48. DIY INSTALLATION, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 49. PROFESSIONAL INSTALLATION, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 50. MEXICO SMART HOME MARKET VALUE, BY SALES CHANNEL, 2024-2030, (MILLION USD)
FIGURE 51. ONLINE, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 52. E-COMMERCE PLATFORMS, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 53. COMPANY WEBSITES, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 54. OFFLINE, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 55. RETAIL STORES, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 56. SUPERMARKETS AND HYPERMARKETS, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 57. SPECIALTY STORES, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 58. AMAZON (ECHO/ALEXA): NET SALES, (2022-2024)
FIGURE 59. AMAZON (ECHO/ALEXA): PRIMARY MARKET COMPETITORS
FIGURE 60. GOOGLE NEST: NET SALES, (2022-2024)
FIGURE 61. GOOGLE NEST: PRIMARY MARKET COMPETITORS
FIGURE 62. SCHNEIDER ELECTRIC: NET SALES, (2022-2024)
FIGURE 63. SCHNEIDER ELECTRIC: PRIMARY MARKET COMPETITORS
FIGURE 64. XIAOMI: NET SALES, (2022-2024)
FIGURE 65. XIAOMI: PRIMARY MARKET COMPETITORS
FIGURE 66. BOSCH SMART HOME: NET SALES, (2022-2024)
FIGURE 67. BOSCH SMART HOME: PRIMARY MARKET COMPETITORS
FIGURE 68. ABB: NET SALES, (2022-2024)
FIGURE 69. ABB: PRIMARY MARKET COMPETITORS
FIGURE 70. LUTRON: NET SALES, (2022-2024)
FIGURE 71. LUTRON: PRIMARY MARKET COMPETITORS
FIGURE 72. APPLE: NET SALES, (2022-2024)
FIGURE 73. APPLE: PRIMARY MARKET COMPETITORS
FIGURE 74. TOSHIBA CORPORATION: NET SALES, (2022-2024)
FIGURE 75. TOSHIBA CORPORATION: PRIMARY MARKET COMPETITORS
FIGURE 76. PANASONIC CORPORATION: NET SALES, (2022-2024)
FIGURE 77. PANASONIC CORPORATION: PRIMARY MARKET COMPETITORS
FIGURE 78. SIGNIFY N.V.: NET SALES, (2022-2024)
FIGURE 79. SIGNIFY N.V.: PRIMARY MARKET COMPETITORS
FIGURE 80. WHIRLPOOL CORPORATION: NET SALES, (2022-2024)
FIGURE 81. WHIRLPOOL CORPORATION: PRIMARY MARKET COMPETITORS
FIGURE 82. TP-LINK: NET SALES, (2022-2024)
FIGURE 83. TP-LINK: PRIMARY MARKET COMPETITORS
FIGURE 84. CONTROL4: NET SALES, (2022-2024)
FIGURE 85. CONTROL4: PRIMARY MARKET COMPETITORS
FIGURE 86. SAMSUNG ELECTRONICS: NET SALES, (2022-2024)
FIGURE 87. SAMSUNG ELECTRONICS: PRIMARY MARKET COMPETITORS

At Next Move Strategy Consulting, we understand that insightful market research is the cornerstone of successful business decisions. That's why we employ a robust and multifaceted approach, combining various methodologies to deliver the most accurate and actionable data for our clients.

Research Landscape

We navigate the world of research with two primary approaches:

Qualitative Approach

Our qualitative research methodologies involve immersive techniques such as in-depth interviews, focus groups, and observational studies. By engaging directly with individuals and stakeholders, we uncover valuable insights that quantitative data alone may overlook.

Quantitative Research

In tandem with qualitative methodologies, NMSC leverages the power of Quantitative Research to provide a robust foundation of numerical insights. Through systematic data collection and analysis, we quantify patterns, preferences, and market trends, offering a comprehensive view of the business landscape.

Our quantitative research approach employs diverse tools, including surveys, experiments, and statistical modelling. These methodologies enable us to gather data from a large and representative sample, ensuring the statistical significance of our findings. By employing structured questionnaires and standardized data collection methods, we guarantee the reliability and validity of the information we present to our clients.

Quantitative research is particularly effective in measuring the prevalence of trends, assessing market size, and gauging the impact of various factors on consumer behavior. The numerical precision attained through this approach equips our clients with actionable insights, facilitating data-driven decision-making and strategy formulation.

Our Specialized Toolbox for Industry-Specific Market Research

We deploy a specialized arsenal of techniques tailored to meet your unique requirements. Here's a glimpse into our comprehensive toolbox:

Information Procurement

The stage entails acquiring market data or relevant information through various sources and methodologies.

Market Research Approach

We utilize both top-down and bottom-up approaches in market research analysis to achieve a comprehensive understanding of the market dynamics, leveraging the broad perspective of industry trends and macroeconomic factors alongside detailed insights from specific segments and individual companies.

Porters Five Forces Analysis

We conduct Porter's Five Forces analysis to evaluate the competitive landscape of an industry, providing us with insights into factors that affect profitability and strategic positioning.

SWOT Analysis

We conduct SWOT analysis to understand market trends, identify potential threats, capitalize on opportunities, and assess our strengths and weaknesses.

Forecasting

We utilize a forecasting model to predict future consumption by considering parameters like population, economics, regulations, market competition, drivers, constraints, technology, and pricing. We also employ statistical techniques such as multilinear regression, exponential smoothing, moving average, ARIMA, and Monte Carlo simulations for accurate predictions. In econometric forecasting, we analyzed short-term and long-term event impacts, attributing values based on regulatory frameworks, economic factors, and market events.

Frequently Asked Questions

The key players operating in the Mexico smart home market are Amazon (Echo/Alexa), Google Nest, Schneider Electric, Xiaomi, Bosch Smart Home, ABB, Lutron, Apple, Toshiba Corporation, Panasonic Corporation, Signify N.V., Whirlpool Corporation, TP-Link, ntrol4, and msung Electronics.

According to Next Move Strategy Consulting, the size of the Mexico smart home market is estimated to be at USD 25.50 billion by 2030.

The integration of artificial intelligence and blockchain technology is expected to create ample opportunities for the Mexico smart home market.

Security and data privacy concerns related to smart home appliances acts as restraining factors to the growth of Mexico smart home market.

According to Next Move Strategy Consulting, the size of the Mexico smart home market was estimated at USD 8.23 billion in 2023.

Download Free Sample

Phone Number *

Please enter Country Code and Phone No

Yes, I have read the Privacy Policy

Multi User

$2,575

Single User

$1,575

Enterprise

$3,875

Datapack

$1,975

Download Sample

Inquire Before Buying

Speak to Our Analyst

Share with Peers

About the Author

Sikha Haritwal is a researcher with more than 5 years of experience. She has been keeping a close eye on several industry verticals, including construction & manufacturing, personal care products, and consumer electronics. She has avid interest in writing news articles and hopes to use blog as a platform to share her knowledge with others.

About the Reviewer

Supradip Baul is the CEO and Founder of Next Move Strategy Consulting, driving the firm’s mission to provide data-driven insights and strategic intelligence. With extensive experience in market research and consulting, he has helped global organizations make informed decisions and achieve sustainable growth.

Request Sample

Phone Number *

Please enter Phone No

Please Select Country