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815 Million Smart Home Devices Projected To Ship This Year

More homes are getting smarter.

The

market for smart home devices this year is now projected to grow 24% over last year, according to a new forecast by the International Data Corporation (IDC).

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Worldwide shipments of devices are

expected to reach 815 million this year, climbing to 1.4 billion in 2025, growing 14% a year until then.

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“Driving the market’s growth over the next few years is a combination of downward

pressure on prices from intensifying competition, rising adoption of smart assistants and rising consumer awareness of the conveniences, costs savings and energy reductions that smart home devices

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provide,” states Adam Wight, senior research analyst, Internet of Things: Consumer at IDC.

The U.S. market is the largest, growing 10% annually until reaching more than 560 million units

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shipping in 2023. Following the U.S. are China, Canada and Western Europe.

Video entertainment devices, accounting for 30% of all shipments in 2023, are the largest category.

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Home

monitoring and security devices are projected to account for 22% of 2023 shipments and smart speakers and displays growing 9% in 2022 and 5% in 2023.

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Consumers are becoming much more connected

at home.

Illustration for article titled 815 Million Smart Home Devices Projected To Ship This Year

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