The global revenue in the smart home market was forecast to continuously increase between 2023 and 2028 by in total 96.7 billion U.S. dollars (+71.74 percent). After the ninth consecutive increasing year, the indicator is estimated to reach 231.6 billion U.S. dollars and therefore a new peak in 2028. Notably, the revenue of the smart home market was continuously increasing over the past years.Find other key market indicators concerning the number of users and user penetration. The Statista Market Insights cover a broad range of additional markets.

The global number of Smart Homes in the smart home market was forecast to continuously increase between 2023 and 2028 by in total 424.5 million users (+117.69 percent). After the ninth consecutive increasing year, the indicator is estimated to reach 785.16 million users and therefore a new peak in 2028. Notably, the number of smart homes of the smart home market was continuously increasing over the past years.Find other key market indicators concerning the average revenue per user (ARPU) and user penetration. The Statista Market Insights cover a broad range of additional markets.

The number of smart homes in the smart home market in the United States was forecast to continuously increase between 2023 and 2028 by in total 39.7 million users (+62.59 percent). After the ninth consecutive increasing year, the indicator is estimated to reach 103.15 million users and therefore a new peak in 2028. Notably, the number of smart homes of the smart home market was continuously increasing over the past years.Find other key market indicators concerning the average revenue per user (ARPU) and user penetration. The Statista Market Insights cover a broad range of additional markets.

The global household penetration rate in the smart home market was forecast to continuously increase between 2023 and 2028 by in total 16.8 percentage points. After the ninth consecutive increasing year, the indicator is estimated to reach 33.2 percent and therefore a new peak in 2028. Notably, the household penetration rate of the smart home market was continuously increasing over the past years.Find other key market indicators concerning the number of users and average revenue per user (ARPU). The Statista Market Insights cover a broad range of additional markets.

The global smart home market is forecast to grow to 53.45 billion U.S. dollars in size by 2022. Smart home, also called home automation, is an automation system that controls the lighting, climate, entertainment, appliances, and home security such as alarm systems of a household.

Internet of Things (IoT)

Smart home devices, when connected to the internet, are a part of a network of devices called the Internet of Things (IoT). These connected devices share data among each other, providing benefits such as better quality of life and greater insight into business. The total installed base of Internet of Things (IoT) connected devices is projected to amount to 75.44 billion worldwide by 2025, a fivefold increase in ten years. In 2018, it is estimated that among all the IoT devices, 1.2 billion will be connected/smart home devices.

Smart home categories

Video entertainment is expected to have the largest share of smart home device shipments by 2023, with the unit shipment in this category amounting to 475.4 million by then. With 351.7 million device shipments, Home monitoring/security is predicted to be the second largest smart home category. The last couple of years have witnessed consumers’ enthusiasm for a new smart home device – the smart speaker, such as the Amazon Echo. As of the first quarter of 2019, smart speaker penetration among U.S. broadband households already topped 31 percent, surging from a mere seven percent two years before.

The global market for smart and connected homes is predicted to grow from 158 billion U.S. dollars in 2019 to 262 billion U.S. dollars in revenue by 2025. As time progresses, many more devices at home are connected with the help of the Internet of Things leading to smarter homes and lifestyles.

The number of smart homes in the smart home market in Europe was forecast to continuously increase between 2023 and 2028 by in total 103.2 million users (+136.51 percent). After the ninth consecutive increasing year, the indicator is estimated to reach 178.83 million users and therefore a new peak in 2028. Notably, the number of smart homes of the smart home market was continuously increasing over the past years.Find more information concerning France and Spain. The Statista Market Insights cover a broad range of additional markets.

The revenue in the smart home market in the United States was forecast to continuously increase between 2018 and 2024 by in total 20.7 billion U.S. dollars (+114 percent). After the twelfth consecutive increasing year, the indicator is estimated to reach 59 billion U.S. dollars and therefore a new peak in 2029.Find other key market indicators concerning the average revenue per user (ARPU) and number of users.The Statista Market Insights cover a broad range of additional markets.

The revenue is forecast to experience significant growth in all segments in 2028. The trend observed from 2020 to 2028 remains consistent throughout the entire forecast period. There is a continuous increase in the indicator across all segments. Notably, the Smart Appliances segment achieves the highest value of 92.2 billion U.S. dollars at 2028. Find other insights concerning similar markets and segments, such as a comparison of number of users in Poland and a comparison of average revenue per unit (ARPU) in Europe. The Statista Market Insights cover a broad range of additional markets.

In 2023, the size of the smart home market in China amounted to over *** billion yuan. With the development of 5G infrastructure and a high penetration rate of mobile phones, many Chinese electronics and home appliance manufacturers have developed smart home systems. Notable companies include Haier, Xiaomi, and Huawei. Digitalizing live The first tier of consumer products that had undergone digitalization were appliances. With a revenue of almost ** million U.S. dollars, smart appliances accounted for around half of the annual smart home industry turnover. The segment included kitchen appliances, small household appliances, as well as vacuum robots. In contrast, the energy management segment only generated a revenue of *** million U.S. dollars. Beyond consumer electronics Smart technology has the potential to do much more than connect consumer electronics. For instance, smart heating systems and smart electricity meters could optimize energy consumption. By avoiding consumption peaks, a smart electrical meter can start household appliances when electricity is in low demand. Similarly, smart heating systems reduce heating when nobody is home or during the night. These are just two examples of how smart technology can not only help preserve precious resources but also contribute to reducing the utility costs of households.

The revenue in the smart home market in the United Kingdom was forecast to continuously increase between 2023 and 2028 by in total 7.5 billion U.S. dollars (+78.79 percent). After the ninth consecutive increasing year, the indicator is estimated to reach 17 billion U.S. dollars and therefore a new peak in 2028. Notably, the revenue of the smart home market was continuously increasing over the past years.Find other key market indicators concerning the user penetration and average revenue per user (ARPU). The Statista Market Insights cover a broad range of additional markets.

The statistic shows the market size of the smart home market by region from 2013 to 2025. For 2020, the source forecasts unit sales of smart home units in North America to reach 165 million units.

The household penetration rate in the smart home market in the United States was forecast to continuously increase between 2023 and 2028 by in total 27.2 percentage points. After the ninth consecutive increasing year, the indicator is estimated to reach 75.06 percent and therefore a new peak in 2028. Notably, the household penetration rate of the smart home market was continuously increasing over the past years.Find other key market indicators concerning the number of users and average revenue per user (ARPU). The Statista Market Insights cover a broad range of additional markets.

The revenue in the smart home market in India was forecast to continuously increase between 2023 and 2028 by in total 3.6 billion U.S. dollars (+63.29 percent). After the ninth consecutive increasing year, the indicator is estimated to reach 9.2 billion U.S. dollars and therefore a new peak in 2028. Notably, the revenue of the smart home market was continuously increasing over the past years.Find more information concerning France and Germany. The Statista Market Insights cover a broad range of additional markets.

The number of smart homes in the smart home market in Germany was forecast to continuously increase between 2023 and 2028 by in total 23.4 million users (+144.27 percent). After the ninth consecutive increasing year, the indicator is estimated to reach 39.61 million users and therefore a new peak in 2028. Notably, the number of smart homes of the smart home market was continuously increasing over the past years.Find other key market indicators concerning the revenue and user penetration. The Statista Market Insights cover a broad range of additional markets.

The graph presents the number of smart homes in the United Kingdom in 2016, and provides a forecast until 2022, broken down by market segment. The number of households in the home entertainment smart home market in the UK is expected to grow from 1.5 million in 2017 to 4.6 million in 2022. An overview of all Digital Markets can be found here. Statista’s Digital Market Outlook offers forecasts, detailed market insights and essential performance indicators of the most significant areas in the “Digital Economy”, including various digital goods and services. Alongside revenue forecasts for 50 countries worldwide, Statista offers additional insights into consumer trends and demographic structure of digital consumer markets.

The number of households worldwide using smart home products and services is forecast to reach nearly 400 million in 2022. By 2022, the number of smart system homes ncreased even further to almost 400 million. This is a stronger growth than previously expected in 2021 as can be seen by the lower estimates for 2023-2025.

The revenue is forecasted to experience significant growth in all segments by 2029. As part of the positive trend, the indicator is projected to achieve the maximum value across all six different segments by the end of the comparison period. Notably, the segment of smart appliances stands out with the highest value of 11.25 billion U.S. dollars in 2024.Find other insights concerning similar markets and segments, such as a comparison of number of users in China and a comparison of number of users in India.The Statista Market Insights cover a broad range of additional markets.

In 2024, the global smart home security market was valued at around 32.5 billion U.S. dollars. The smart home security market size is forecast to increase over the next few years to nearly 62 billion U.S. dollars by 2029. Smart home security refers to a set of internet-connected devices that monitor, detect, and alert users about potential intrusions in their homes. These devices can include surveillance cameras, alarm systems, motion detectors, and smart locks, among others. Despite the privacy issues associated with smart home security devices, the importance of owning a home security system outweighs these concerns in most countries worldwide.

The global number of Smart Homes in the 'Smart Appliances' segment of the smart home market was forecast to continuously increase between 2023 and 2028 by in total 426 million users (+274.61 percent). After the ninth consecutive increasing year, the indicator is estimated to reach 581.13 million users and therefore a new peak in 2028. Notably, the number of smart homes of the 'Smart Appliances' segment of the smart home market was continuously increasing over the past years.Find other key market indicators concerning the user penetration and average revenue per user (ARPU). The Statista Market Insights cover a broad range of additional markets.