- In February 2025, Amazon introduced Alexa+, an upgraded AI-powered virtual assistant designed to enhance user interactions. Powered by Amazon Bedrock models like Nova and Anthropic’s Claude AI, Alexa+ enables more natural conversations, improved contextual understanding, and multi-command handling
- In September 2024, Schneider Electric SE introduced an AI-powered energy management feature on its Wiser Home app, revolutionizing home energy optimization. This innovative tool intelligently manages water heaters and EV chargers, leveraging AI to analyze user habits, weather forecasts, and tariff data for automated load balancing
- In August 2024, LG Electronics introduced the ThinQ ON AI Home Hub at IFA 2024, revolutionizing connected home living. This hub serves as a central control point for managing and monitoring smart appliances, ensuring seamless connectivity and convenience. Powered by Affectionate Intelligence, it continuously learns user preferences to deliver personalized services and automate daily routines. The Matter-certified hub supports various network connectivity options, making it compatible with a wide range of IoT devices
- In April 2024, Apple advanced its HomeKit platform by introducing new smart home devices and improving interoperability, reinforcing its commitment to seamless ecosystem integration. This expansion incorporates Matter support, enabling broader compatibility with third-party smart home products and enhancing automation features. Apple’s latest updates focus on privacy, security, and ease of use, ensuring a more connected and intuitive smart home experience
- In March 2024, Google introduced a new smart home security system aimed at improving surveillance and integrating seamlessly with its Nest products. This system enhances home security by offering advanced monitoring features, better connectivity, and improved automation. Designed to meet the increasing demand for reliable home security solutions, Google's latest innovation ensures a more secure and responsive environment for users
- In January 2024, Amazon unveiled its newest smart home devices, featuring enhanced AI capabilities designed to elevate home automation and security. These innovations aim to create a more intuitive and responsive environment, allowing users to control various aspects of their homes seamlessly. With advanced AI integration, Amazon's smart home ecosystem enhances convenience, efficiency, and safety, making everyday tasks simpler
Frequently Asked Questions
Integration of artificial intelligence (AI) and IoT in smart home devices, is emerging as a pivotal trend driving the global smart home market.
The major factors driving the growth of the smart home market is rising demand due to growing consumer interest in home automation.
The primary challenges include high initial costs hindering market penetration in the smart home market.
The smart kitchen segment is expected to dominate the market with a market share of 38.15% in 2025. The increasing consumer demand for connected kitchen appliances such as smart refrigerators, ovens, dishwashers, and coffee makers, combined with innovations in energy efficiency and cooking convenience, is propelling growth in this segment.
Asia-Pacific is the fastest growing region, projected to hold a 29.48% market share in 2025, driven by urbanization, rising incomes, and growing demand for connected living.
