9 Smart Home Automation Technology Companies in 2024
Valued at an astounding $80.21 billion in 2022, the global smart home market is projected to catapult to $338.28 billion by 2030.
As of 2023, there are 63.43 million households in the US equipped with smart home devices, an uptick of 10.2% from the previous year. Globally, it’s estimated that 785 million users will be taking advantage of smart home features by 2028, and many of them will come from the companies below.
1. Samsung SmartThings
Samsung's Smart Home, also known as SmartThings, is a platform that allows users to control and monitor their compatible devices through a single app. It was launched in 2013 as an independent provider, and acquired by Samsung in 2014.
SmartThings works with hundreds of compatible devices, including lights, cameras, voice assistants, locks, thermostats, and others. It’s an open system that provides a lot of options for integrating different devices into it. It uses Matter, a connectivity standard supported by more than 280 companies, so users can decide which device to bring home.
The SmartThings Hub is the brain of the smart home and connects wirelessly with a wide range of smart devices, making them work together.
Users can connect SmartThings Sensors to the SmartThings Hub to create their smart home. These sensors can receive alerts when there's unexpected activity in the home, set connected lights to turn on and off as people come and go, or monitor moisture and temperature.
Users can control lights, electronics, and small appliances from anywhere with the SmartThings Outlet. They can also set devices to turn on and off at different times of the day, or use the SmartThings Button to control lights, electronics, and small appliances from anywhere and trigger routines to occur.
The SmartThings app enables Wi-Fi signal usage management, monitoring and control of automated devices, and creation of SmartThings Scenes.
Overall, Samsung's Smart Home offers a wide range of features and compatibility with many devices, making it a comprehensive smart home platform. And it will only keep growing, as Benjamin Braun, CMO at Samsung Europe said, “we will continue to take advantage of the possibilities offered by the latest innovations in technology to make sure the SmartThings ecosystem grows and develops in a way that allows people to make even more of the connections that matter.”
2. Tado
Launched in 2011, Tado is a German company that specializes in smart heating and energy management products for homes. As of January 2023, they had over 3 million devices in European homes and commercial spaces.
Their range of products for smart, energy-efficient heating and cooling include Smart Radiator Thermostats, Smart Thermostats, and Smart AC Controls, potentially saving up to 31% of their users’ heating bills.
Their products are designed to work with almost every heating system, including those with wired or wireless thermostats, underfloor heating, and central heating systems. Easy to install and use, they can be controlled remotely via the Tado app or via voice commands through smart speakers. They’re compatible with most common smart home platforms, including Alexa, Google Assistant, and Apple HomeKit.
The Care & Protect service monitors heating systems around the clock and notifies users if it detects any unusual behavior. Tado’s products replace traditional radiator thermostats and AC controls, and they’re available in both wired and wireless versions.
Tado keeps growing. After closing a recent round of funding, Tado’s Co-Founder and Chief Product Officer, Christian Deilmann said: "As the leader in intelligent home climate management, now is the right time to scale a unique energy management offering that will double down on reducing home's heating costs and CO2 emissions.”
3. LG ThinQ
LG ThinQ is a smart home solution that allows users to control and monitor their LG smart appliances from their phone or other smart devices. It’s available on most LG devices, including refrigerators, washing machines, or air conditioners. Users can control their appliances remotely and set routines that automate multiple appliances at once.
ThinQ appliances are designed to make daily life simpler, with features like voice control and sensory data. The ThinQ app provides notifications and diagnoses the state of products periodically. The platform is integrated with Google Assistant and Amazon Alexa.
Energy-efficient and well-designed, the appliances are imbued with connectivity that allows them to work in unison via NFC Tags, Bluetooth, or Wi-Fi. The appliances can be controlled remotely via the ThinQ app, making it easy to monitor and adjust settings from anywhere.
All in all, LG ThinQ is a comprehensive smart home solution that offers a range of innovative and energy-efficient appliances, with an app that lets users control and monitor appliances from anywhere.
In August 2023, ThinQ UP 2.0 was unveiled, a software suite that can update and personalize appliance features to best match the users’ needs. It provides services with flexible subscription options.
As president of LG Electronics Home Appliance & Air Solution Company, Lyu Jae-cheol said, "LG ThinQ UP 2.0 marks the beginning of our journey towards a more service-based business model. A major player in the global home appliance market, LG is committed to leading the era of the 'Home as a Service' (HaaS) and will continue to present innovative solutions that enhance customers' lives better."
4. Eufy
Eufy offers easy-to-use smart home devices, like a lock for controlling doors with a touch, tap, passcode, key, or voice command, or the Eufy Clean robotic vacuum.
They also provide a range of security cameras, including the EufyCam 3 and HomeBase 3 security camera system. It works as a home security alarm with facial recognition, and 16GB of built-in local storage space expandable to up to 16TB. Eufy Alarm Kits include wireless security sensors and components. Self-monitoring eufy is free, and you can add professional monitoring for $9.99 per month.
Their products are used in over 5,000,000 residences around the world, top the charts of Amazon sales, and the company keeps innovating. One of their newest features takes advantage of AI, which tracks movement across multiple devices and pieces it together into a sequence of videos.
As Eufy Security's General Manager, Frank Zhu said, “Eufy Security's latest dual-camera device lineup signifies a major advancement in home security. These devices seamlessly integrate superior camera optics with advanced AI, effectively eliminating blind spots and significantly reducing notification frequency."
5. Govee
Govee provides an eclectic mix of smart home solutions that go beyond automation to offer aesthetic enhancement and data-driven insights. Ranging from smart lights to home security systems, Govee devices are engineered for both functionality and flair.
The core of Govee's ecosystem is the Govee Home App. Whether you're in or out, this app keeps you connected with real-time data and alert notifications for events like water leaks or body detection.
Govee offers a myriad of LED strip lights that dance to the rhythm of your favorite tunes or respond to voice commands via Amazon Alexa and Google Assistant. Designed for versatility, these lights can set the mood for any occasion.
Their products score high on quality and user-friendliness. They are trendsetters when it comes to smart lighting. From RGBIC LED lights and smart WiFi plugs to table lamps and outdoor LEDs, they offer a lot of variety. Govee’s diverse product line allows you to customize your smart home setup, making every space uniquely yours.
Govee goes the extra mile by offering a community page where users can share experiences, ideas, and suggestions. Overall, they offer a well-rounded package of smart home devices backed by quality, innovation, and a strong community of users.
In April 2023, they won the Red Dot Design Award and the iF Design Award for their products. CEO of Govee, Eric Wu said "these awards are a testament to our team's dedication to creating innovative, user-centric designs that help make people's lives smarter and more enjoyable."
6. Arenti
Arenti specializes in indoor and outdoor cameras, baby monitors, and even dog cameras, with an array of options designed to satisfy all your camera needs. Whether you're a parent seeking to keep an eye on your newborn or a pet owner wanting to ensure your furry friend's safety, Arenti has you covered.
Arenti strikes a balance between quality and cost. Offering top-notch smart home security products that won't break the bank, Arenti proves that safety doesn't have to come at a premium.
When it comes to data storage, Arenti provides cloud storage solutions that are as secure as they are convenient. The Arenti Cloud Service, hosted on Amazon's AWS, guarantees that data is stored securely.
With the Arenti app, you can monitor your home, but also engage with it. Listen, speak, and see in real-time, whether it's singing a lullaby to your baby or calming your pet down while you're away.
Arenti plays well with other smart devices. This compatibility opens doors to a more cohesive and functional smart home ecosystem. Overall, Arenti offers an all-encompassing smart home security solution that blends quality, versatility, and affordability.
7. SwitchBot
SwitchBot's range of intelligent products and solutions can be used to upgrade your door locks, control your curtains, or simply push a button to light up your living space.
The SwitchBot Retrofit Door Lock turns a traditional lock into a smart lock without replacing the whole thing, letting users keep the same keys but enjoy greater convenience and security features.
The SwitchBot Blind Tilt offers an inexpensive way to automate existing curtains, a kind of personal assistant that knows just when to let in the sunshine or provide some shade.
To turn old-fashioned light switches into smart ones easily, users can opt for the SwitchBot Bot, a quick and convenient way to control lights without the hassle of rewiring.
The SwitchBot Hub Mini is a compact yet powerful smart home hub that's compatible with Alexa, Google Assistant, and Siri. The SwitchBot Hub 2 takes it a notch higher by doubling as a Wi-Fi hygrometer. It monitors room temperature, humidity, and even controls old infrared appliances. It's a robust device that supports the Matter HomeKit, seamlessly integrating into your existing smart home ecosystem.
SwitchBot's combos enable users to cherry-pick from an array of smart home solutions in security, automation, or voice control. These curated bundles provide an affordable, all-in-one solution for anyone looking to dip their toes into home automation.
Above all, SwitchBot emphasizes user-friendly and affordable products, making the transition to a smarter home both smooth and budget-friendly. With a democratized approach to smart homes, they make automation accessible.
8. Vivint
Vivint is a dominant force in the U.S. smart home market, boasting installations in over 2 million homes. They offer an array of innovative smart home products and solutions with a focus on enhancing security and convenience.
Vivint operates a charitable wing, Vivint Gives Back, aimed at uplifting the lives of children with intellectual disabilities. The organization has dedicated over 160,000 volunteer hours and donated $15 million toward charitable endeavors.
Headquartered in Utah, Vivint is not just a major player in smart home technology but also the state’s largest tech employer. The company has been recognized by Forbes as one of “America’s Best Employers.”
Their product lineup includes the Vivint Smart Hub, the control panel that acts as the nerve center of the smart home, enabling users to arm the security system, view live camera feeds, or lock doors remotely. They also offer specialized smart devices like doorbell cameras, smart thermostats, and smart locks.
Vivint’s products are compatible with popular smart home platforms like Amazon Echo, Google Home, and Google Nest. When integrated into a Vivint smart home, these devices unlock additional capabilities, making the living space more intelligent than ever.
While not the most affordable option on the market, Vivint’s offerings are premium quality. They provide professional installation and round-the-clock monitoring services for a monthly fee, delivering a superior smart home security experience.
9. Rachio
Rachio takes the guesswork out of gardening with smart yard solutions designed to optimize water use and plant health. From intuitive sprinkler controllers to water-saving tools, Rachio ensures that the user’s lawn receives the care it deserves without wasting a drop.
The Smart Sprinkler Controller controls the watering schedule from a smartphone, and the system employs weather intelligence to avoid watering when rain is coming.
The Rachio 3, an evolved version of the Smart Sprinkler Controller, is available in multiple zone editions to suit varied yard sizes. Should a weather station falter, Rachio 3 seamlessly switches to the next available station, ensuring uninterrupted service. Accompanied by a dedicated community of garden aficionados on their online forum, Rachio 3 provides innovation and community support.
For those who require targeted watering, the Root Quencher Spike aims at watering plants more efficiently, helping to build a lush and healthier yard over time.
Rachio complements its controllers with additional water-saving tools like soil moisture sensors. Such features not only optimize water use but also lead to a more efficient and eco-friendly yard maintenance routine.
Overall, Rachio provides a holistic approach to smart yard care. Software is the heart of their offering. As Rachio CEO Kim Sentovich said, “Rachio is a software company enabled through hardware products. We stand apart because our in-app experience is second to none - and we don’t have any monthly fees for that software.”
Anything can be smart
From blinds in your bedroom to sprinklers in your backyard, smart appliances can help you save time and optimize the little things in your daily life.
If you're working on a smart home product or service, Netguru can help you design and build beautiful digital experiences.
