This report provides an updated outlook for the global smart home market, reviewing the developments in the industry and providing market sizing forecasts up to 2027. This report provides product and country-level market segmentation, including shipments, pricing, and ownership. Research was conducted during Q4 2023. Devices covered in this report include Smart Cameras, Thermostats, Locks, Lighting, Video Doorbells, and Robot Vacuum Cleaners.
Shipment data is at the sell-in level. Additional insight has been collated from Futuresource’s consumer survey – Smart Home Consumer Survey 2023. This report is accompanied by an Excel dataset that details country and regional market forecast data.
The smart home market is expected to increase by 23% in volume terms for 2023, amounting to 257.7 million units, across Smart Cameras, Thermostats, Locks, Lighting, Video Doorbells, and Robot Vacuum Cleaners.
Adoption of smart home devices continues to climb, fueling market growth worldwide across the smart camera, lock, thermostat, lighting, video doorbell, and robot vacuum categories. 2023 is anticipated to see shipments totalling 257.7 million worldwide.
While many home technology markets are experiencing a period of sluggish growth, the smart home market continues to perform well, despite accounting for a small slice of overall technology spending. As a result, the smart home market will be crowned as one of the best-performing segments of consumer electronics in 2023.
| Comprehensive PDF report
| Executive summary
| Key market assumptions
| Product development trends
| Global pricing forecasts
| Demand by region
| Product forecasts
| Key component trends
| Macro impact to forecast
| 2023 household penetration by product type
| Global Forecast By Product Volume
| Global Forecast By Product Value
| Smart cameras forecasts
| Video doorbells forecasts
| Smart locks forecasts
| Smart thermostats forecasts
| Smart lighting forecasts
| Robot vacuum cleaners forecasts
| Market forecasts and commentary out to 2027
Futuresource regularly tracks, researches and consults on the Smart Home market, covering a broad spectrum of the industry.
Further reports issued by Futuresource Consulting which relate to the market for Smart Home
| Smart Home Consumer Survey (UK, USA, France & Germany)
| Global Media Streamers Market Outlook
| Global TV Market Outlook
| Global Virtual Assistants Market Tracker
| Global Home Audio Market Outlook
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