The smart elevators market in the US is at the forefront of innovation, integrating advanced technologies to transform user experience and building efficiency. These systems utilize IoT, AI, and machine learning to offer features like predictive maintenance, destination dispatch, and contactless operation . The market for smart elevators is projected to grow at a CAGR of around 10%, significantly outpacing the broader market [citation:MRFR].

The integration of smart technology is a major trend [citation:MRFR]. IoT-enabled monitoring allows for real-time tracking and predictive maintenance, reducing downtime and optimizing lifecycle management . Destination dispatch systems improve passenger flow by grouping users by floor, reducing wait and travel times. Touchless controls became essential during the pandemic and are now a standard feature for many new installations and modernization projects . One of the most critical innovations is Machine Room Less (MRL) technology, which eliminates the need for a separate machine room, maximizing usable floor space [citation:MRFR].

The demand for smart elevators is being driven by property developers and real estate operators seeking to enhance occupant experience and building efficiency . In 2025, several real estate developers integrated IoT-enabled elevator systems and cloud-based management platforms to support predictive maintenance and ensure regulatory compliance .

For a comprehensive view of smart elevators in the US, consult the main US Elevators Market report.

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