Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

More than half of UK homes to be smart homes by 2027

by October 19, 2023
October 19, 2023
More than half of UK homes to be smart homes by 2027

The home entertainment sector is currently thriving, with the United Kingdom positioned as one of its largest global markets.

Leading home technology installer, Robert Taussig, reports that the United Kingdom will see the integration of 15.1 million smart homes by 2027. In essence, this means that more than half of households in the UK will feature smart home entertainment systems by 2027.

UK Smart Home Adoption Set to Grow by 30% in 2023

In 2023, the number of smart homes in the United Kingdom is poised to increase from 4.4 million in 2022 to 5.7 million, reflecting an annual growth rate of 30%. These statistics are derived from the Market Insights report by data firm Statista, encompassing multi-room music devices, entertainment-specific remote controls, and streaming devices as part of this segment.

According to this data, smart home adoption in the UK stood at just 1.3 million in 2017, constituting a 4.5% market penetration and increased to 4.4 million last year, with a penetration rate of 15%, with the annual growth rate in this period consistently hovering between 20% and 30%. Projections indicate that this growth rate will maintain its momentum in 2023, resulting in a 19.1% penetration rate. Essentially, one out of every five UK homes will be smart homes in 2023.

Expectations of sustained growth underscore the UK’s evolving market dynamics. By 2024, the smart home count is forecasted to reach 7.2 million, corresponding to a 24.4% market penetration. By 2027, this figure is set to soar to 15.1 million smart homes, achieving an impressive 50.2% market presence.

The UK smart home entertainment market holds a significant position in the industry landscape. The UK sector is expected to generate £814 million in annual revenue by 2023, ranking it just behind the United States and China, the two largest markets in the world.

Robert Taussig comments, “As smart home adoption continues to grow, the systems we install are becoming smarter. We’re moving closer to the realization of childhood Jetson and Jarvis dreams, where we can seamlessly control our living and entertainment spaces. These systems not only monitor and curb our energy usage but also intuitively respond to our every need and want, making life more convenient and futuristic than we ever imagined.”

Read more:
More than half of UK homes to be smart homes by 2027

0
FacebookTwitterGoogle +Pinterest
previous post
Met Police roll out facial recognition technology to tackle London’s shoplifting
next post
UK Prime Minister puts US officials on blast regarding Hamas: ‘Call it what it is … evil terrorists’

You may also like

London businesses call for relaxation of Sunday trading...

November 20, 2023

Discover Your Dream Home: A Guide to Travel...

February 11, 2025

Elon Musk’s government cuts could hand billions to...

February 17, 2025

Labour Unveils £5bn Plan to Combat Tax Avoidance...

April 9, 2024

Energy Bills to Drop by £122 from July...

May 24, 2024

Aston Martin limits US exports as Trump tariffs...

April 30, 2025

Needs Accounts Filed Overseas? A Simple Guide

January 18, 2024

Bentley Kyle Evans Talks Legacy, Lessons, and Life...

July 10, 2025

Creating a Supportive Workplace for Recovering Alcoholics

October 17, 2023

Brits turn to ‘sweet treat economy’ for mood...

September 3, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Ex-Trump prosecutor Jack Smith under investigation by government watchdog Office of Special Counsel

      August 3, 2025
    • Trump tells Schumer to ‘GO TO HELL’ over Senate nominee deal funding demands after negotiations collapse

      August 3, 2025
    • Pirro confirmed as D.C. U.S. Attorney amid partisan clash as Dem nominee blockade continues

      August 3, 2025
    • Dems dig in, Trump demands all: Nominee fight boils over in Senate as GOP looks for a deal

      August 2, 2025
    • Trump 1.0 alums share chilling Google message from before second-term return: ‘LAWFARE at its finest’

      August 2, 2025
    • Trump closes week with plans to reposition subs amid heightened Russia tension, new tariffs

      August 2, 2025

    Categories

    • Business (8,652)
    • Investing (2,168)
    • Politics (16,290)
    • Stocks (3,228)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved