GITNUX MARKETDATA REPORT 2024

Smart Device Industry Statistics

The smart device industry is expected to continue growing rapidly, with increasing penetration rates in households worldwide.

Last Updated: June 22, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we explore the latest statistics and trends shaping the dynamic landscape of the smart device industry. From the rapid growth of global markets to the increasing adoption of smart technologies in daily life, the numbers paint a fascinating picture of the future of connectivity and innovation.

Statistic 1

"The global market of smart home devices was valued at $78.88 billion in 2020."

Statistic 2

"It's estimated that the global smart home market will reach $413.5 billion by 2027."

Statistic 3

"In 2020, 141.1 million smart home devices were shipped worldwide."

Statistic 4

"Approximately 83% of smart home device owners find these technologies to be more efficient for their daily tasks."

Statistic 5

"Roughly 36.2% of United States residents are projected to use a smart speaker in 2021."

Statistic 6

"There are currently more than 1 billion devices worldwide that offer voice assistant capabilities."

Statistic 7

"The worldwide revenue of wearables is projected to hit $81.5 billion in 2021."

Statistic 8

"Amazon Echo held an estimated 70% of the U.S. smart speaker market in 2020."

Statistic 9

"Smart thermostats are expected to account for 63% of the smart home market by 2025."

Statistic 10

"The wearable device market shipment volume reached 444.7 million units in 2020."

Statistic 11

"IoT device penetration has grown from 15% in 2016 to 64% in 2020."

Statistic 12

"There will be around 35.82 billion IoT devices installed worldwide by 2021."

Statistic 13

"The value of the AI market within the IoT sector is expected to exceed $27 billion by 2027."

Statistic 14

"The global smart lighting market size was valued at $8.3 billion in 2020."

Statistic 15

"By 2025, the global smart lock market size is projected to reach $4.4 billion."

Statistic 16

"There are around 271 million smart TV users in China, the highest globally."

Statistic 17

"The average number of connected devices per household in the U.S. is 10."

Statistic 18

"The combined market value of IoT Technology is expected surpass $6.2 Trillion by 2025"

The statistics presented highlight the rapid growth and widespread adoption of smart devices in various sectors such as smart home technology, wearables, IoT, and AI. With the global market for smart home devices and related technologies expected to continue expanding significantly in the coming years, it is evident that consumers are increasingly recognizing the benefits and convenience these devices offer. From smart speakers to wearables, the increasing penetration of these devices into daily life showcases a shift towards a more connected and tech-savvy world. The robust market projections signal a promising future for the smart device industry as it evolves to meet the changing needs and preferences of consumers.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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