Mexico Smart Home Market Size & Outlook, 2025-2033

Mexico Smart Home Market Insights

As highlighted in Deep Market Insights analysis, the Mexico Smart Home Market, worth USD 2.79 Billion in 2024, is forecasted to achieve USD 34.6 Billion by 2033.
The Mexico market is anticipated to grow at a CAGR of 32.1% during the period 2025–2033.
By 2024, Hardware represented the largest share of the Component market size.
Hardware is expected to remain the key growth driver within Component, registering the fastest CAGR during the forecast period.

In 2024, Mexico represented 2.12% of the overall global Smart Home Market size.
United States is projected to lead the global Smart Home Market size by 2033.
Across LATAM, Brazil is anticipated to hold the dominant position in market size by 2033.
Mexico is forecasted to expand at the fastest pace in LATAM, attaining USD 34.18 Billion by 2033.

Report Scope	Details
Base Year for Study	2024
Study Period	2021-2033
Historical Period	2021-2023
Forecast Period	2025-2033
Market Size In 2024	USD 2.79 Billion
Market Size In 2033	USD 34.6 Billion
Largest segment	Hardware
Units	Revenue in USD Billion
CAGR	32.1% (2025-2033)
Segmnetation Covered
Component	Hardware Software Services
Connectivity	Wired Solutions Wireless Solutions Hybrid Solutions
Application	Home Automation Security and Surveillance Energy and Environmental Management
End User	Residential Commercial Institutional
Distribution Channel	System Integrators Retail and E-commerce Specialty Smart Home Installers
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends

Component	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
Hardware	XX.x	XX.x	XX.x	1.43	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Software	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Services	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x

Source: DMI Analysis Company Publications, Primary Interviews.

Connectivity	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
Wired Solutions	XX.x	XX.x	XX.x	1.26	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Wireless Solutions	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Hybrid Solutions	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x

Source: DMI Analysis Company Publications, Primary Interviews.

Application	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
Home Automation	XX.x	XX.x	XX.x	1.3	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Security and Surveillance	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Energy and Environmental Management	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x

Source: DMI Analysis Company Publications, Primary Interviews.

End User	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
Residential	XX.x	XX.x	XX.x	1.35	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Commercial	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Institutional	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x

Source: DMI Analysis Company Publications, Primary Interviews.

Distribution Channel	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
System Integrators	XX.x	XX.x	XX.x	1.31	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Retail and E-commerce	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Specialty Smart Home Installers	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x