Smart Home Devices Statistics By Users, Segments, Devices and Facts

Introduction

Smart Home Devices Statistics: Technology has made our lives much easier. Now, we can quickly clear up any doubts within seconds. If you’re interested in smart devices, you’re on the right track. Smart Home Devices Statistics will help you understand the various segments, facts, and current trends of smart devices.

These devices are electronic embedded devices that use IoT, AI, and machine learning to effectively connect and communicate with other networks and devices, completing tasks efficiently.

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• The global smart home market was valued at USD 100.42 billion in 2023.
• North America had the largest share of the smart home market at 40%, followed by Asia Pacific with 30%.
• In early 2024, the number of smart home devices shipped worldwide was 186 million, which is a 5.6% decrease from the previous year.
• Smart speakers and network video entertainment devices saw the biggest drop in shipments, falling by 15.4% and 7.8% respectively.
• By 2030, more than 5.5 million shipments of smart home devices like Alexa and Google Assistant are expected.
• In 2023, 70% of U.S. households had at least one smart home device, making up over 60.4 million homes.
• There are expected to be over 400 million smart homes around the world as of 2024.
• On average, Americans spend about USD 1,172 to install smart devices in their homes.
• By 2025, the number of homes with smart devices worldwide will increase to 478.2 million, and by 2027, it will reach 672.57 million.
• About 74% of Americans are interested in owning smart home devices, mainly due to concerns about rapid climate change.

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Facts About Smart Home Devices

• 81% of People with experience and knowledge about the benefits of smart devices now prefer to buy a house assembled with intelligent technologies.
• In the United States, at least one smart home device is owned by men (82%) and women (49%) in 2023.
• After using smart home devices, American homeowners have saved around $98 per month, resulting in an annual saving of $1,180.
• Wifi is the most commonly used connectivity, whereas landline and cellular backup are used in intelligent security cameras.
• Around 32% of Indian people have spent over 20 to 50K implementing several smart home devices.

(Reference: assets.site-static.com)

• The global smart home market share by device types is Safety and security (26%), Climate control (17%), Lighting control (13%), and Energy and water control (9%).\
• Smart TVs and intelligent plugins such as Apple TV or Chromecast are currently owned by 70% of Americans.

General Smart Home Devices Statistics

• By 2024, the number of voice assistants worldwide is expected to exceed the global population, reaching 8.4 billion units.
• The market for voice assistants is anticipated to expand to USD 99 billion by 2026.
• In 2025, the total value of purchases made through voice assistants on smart devices could increase to USD 164 billion, up from USD 22 billion in 2020.
• Around 34% of people in the U.S. use voice search monthly.
• The smart thermostat market is projected to grow, potentially reaching more than USD 8 billion by 2026.
• Nearly 20 million smart thermostats were installed in the U.S. by the end of 2022.
• If every home with heating and cooling systems used smart thermostats by 2026, it could reduce annual energy use for heating and cooling by 9%.
• Smart TVs and speakers are the most commonly used smart home devices.
• The global demand for smart TVs was 268.9 million units in 2020, and it is expected to grow at a rate of 20.8% annually until 2028.
• Revenue from the global smart home security market was USD 3.27 billion in 2022, with expectations to surpass USD 5 billion by 2025.
• Smart security systems could lower home insurance costs by 20%.
• The global market for smart doorbells is expected to reach USD 13 billion.
• Video doorbells are highly popular in the U.S., with 14.6% of Americans owning one.
  Consumers worldwide are expected to spend USD 21.5 billion on smart appliances in 2023.
• The market for smart kitchens is forecasted to grow to USD 43 billion by 2027.
• Smart refrigerators offer greater energy efficiency, using significantly less electricity than older models.
• The smart lighting market is projected to grow to USD 44 billion by 2030 from USD 11 billion in 2020.
• The adoption of smart home devices in the U.S. is very high, with 57% of Americans using them to save time.
• About 40% of adults use voice searches every day as of 2024.
• Smart speakers are popular for managing schedules and performing tasks like setting reminders and asking questions.
• The smart meter market is expected to reach a value of USD 29.8 billion by 2026, growing at a rate of 7.2% annually.
• By 2024, it’s estimated that households will spend about USD 35 billion on intelligent security systems.
• Intelligent security devices have positively impacted 60% of households in the U.S., and 63% of homeowners prefer to invest in these systems.

Smart Home Devices User Statistics

(Reference: oberlo.com)

• In the United States of America, 63.43 million households were using smart home devices in 2023, which has increased by 10.2% each year from 2018 to 2023.
• In the next four years, the number of smart home device users will increase, expecting 69.91 million by the end of 2024.
• Meanwhile, estimated users of the U.S. in 2025 (77.05 million), 2026 (84.92 million), and 2027 (93.59 million).

Smart Homes User Statistics

(Reference: statista.com)

• According to a report published by Statista Research Department, total users of smart homes accounted for 360.68 million worldwide.
• By the end of 2024, global smart home users are expected to reach 422.119 million, and the indicator is estimated to get higher numbers in the coming years.
• Furthermore, total users in 2025 (493.55 million), 2026 (576.22 million), 2027 672.5 (million), and 2028 (785.16 million).
• The global revenue per user of the smart home market is expected to decrease continuously from 2023 to 2028, resulting in $78.9. Thus, by 2028, the average revenue per smart home will be $294.94.

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By Region

• According to a report published by Exploding Topics, in 2023, the Far East and China accounted for the largest market share of smart home devices with 375 million unit shipments.
• Other regions are followed by Europe (219.6 million units), North America (192.5 million units), Latin America (31 million units), and the Rest of the world (121.8 million units).
• As of 2024 and 2025, regional shipments of smart home device units are The Far East and China (521.8 million and 726.7 million), Europe (283.1 million and 384.9 million), North America (250 million and 329.2 million), Latin America (45 million and 68.8 million), and Rest of the world (175.8 million and 260.9 million) respectively.

By Consumer Spending

(Reference: buttercms.com)

• Consumer spending on smart home devices has increased since 2020 and is expected to reach $173 billion by the end of 2025.
• In the past, the maximum growth was accounted for in 2021 with ($123 billion), which is followed by 2022 ($134 billion) and 2023 ($147 billion).
• By the end of 2024, global consumer spending on smart home devices will reach $159 billion.

Smart Speaker Statistics

• The global sales of smart speakers are estimated to be above 280 million units by the year’s end of 2024 and are expected to gain a market size of up to $30 billion.
• The U.S. will hold the largest market share with 25% fol, lowed by Germany (10%) in 2024.

(Reference: Smit.vub.ac.be)

• The usage frequency of smart speakers most in Germany as of 2023, followed by daily (66.80%), month-to-month (23.50%), and never (9.70%).
• Furthermore, in the United Kingdom, usage share is followed by each day (66.30%), monthly (26.30%), and never (9.70%).
• American usage: daily (50.10%), month-to-month (25.60%), and by no means (24.30%).
• The record additionally stated that 70% of these speaker proprietors use their gadgets day by day.
• Furthermore, the document observed that the maximum standard time of day for smart speaker usage changed into the night, between 6 pm and 9 pm.

Home Security Statistics

(Reference: buttercms.com)

• Home security systems are one of the fastest growing segments in the smart home devices market, and in 2023, total revenue earned resulted in $4.3 billion worldwide.
• Meanwhile, by 2025, the expected global revenue generated by the segment will be $5.05 billion.

Smart Home Security Statistics

(Source: mordorintelligence.com)

• The expected revenue earned by the global smart home security market by the end of 2024 will result in $32.46 billion and $61.97 billion by 2029, with a growth rate of 13.81% (2024 to 2029).

(Reference: assets.site-static.com)

• In the U.S., nearly 72% of households have installed at least one security device. In 2023 51 mi, million households have installed video surveillance systems, and 39 million installed alarm systems.
• The average cost of installing a home security system is around $475.
• As of 2023, types of device usage share are followed by video surveillance (42%), Video doorbells (38%), alarm systems (35%), and access control (10%).

Smart Assistant’s Statistics

• According to a report published by Insider Intelligence’s forecast, in the United States, total voice assistant users will have reached 145.1 million by 2023 end.
• The total number of users is expected to grow by 3% CAGR from 2023 to 2027.
• The top companies of voice assistants are Google Assistant, Apple’s Siri, and Amazon Alexa.
• As of 2023, in the U.S., the total number of users is followed by Google Assistant (85.4 million), Apple’s Siri (81.1 million), and Amazon Alexa (73.7 million)
• Worldwide usage of digital voice assistants by 2024 will reach up to 8.4 billion.

Smart Lighting Statistics

(Source: mordorintelligence.com)

• The market size is expected to reach USD 19.65 billion in 2024, growing at a CAGR of 18.94% to reach USD 46.79 billion by 2029.
• Government regulations, particularly those mandating the use of LEDs, are a major driver for market growth. For example, the US and European Union have set performance standards and directives that favor energy-efficient lighting solutions, significantly impacting the adoption of LED technology.
• The Asia-Pacific region is anticipated to witness the fastest growth due to the increasing adoption of IoT technologies, particularly in China, Japan, and India. These countries are experiencing a surge in smart device usage, which is expected to boost the demand for smart lighting solutions.
• Key market players include Signify Holding, Control4 Corp. (Snap One LLC), Lutron Electronics Co. Inc, Wyze Labs Inc., and Sengled, which are expanding their presence through new contracts and acquisitions.
• Costs of best smart light bulbs of 2024 used in smart homes are Nanoleaf Essential smart lights ($18), intelligent Tapo TP-Link light bulbs ($15), TCP Smart wifi bulbs ($12), Philips Hue White and Color Ambiance Starter Set ($99), and Nanoleaf Canvas lights ($73) all are readily available at Amazon.

Smart Security Camera Statistics

• The smart home security camera market is experiencing significant growth, with projections indicating a Compound Annual Growth Rate (CAGR) of 19.2% from 2023 to 2030. This growth is driven by the rising demand for residential security due to an increase in property crimes, alongside the advancement and integration of smart home technologies​​​.
• The market size is expected to expand notably, reaching USD 30.10 billion by 2030. This expansion is attributed to the increased adoption of smart home automation solutions, such as video doorbells and wireless home security cameras, which enhance intrusion detection and perimeter security​.
• Wired smart home security cameras accounted for the largest revenue share in 2022, favored for their reliability and reduced maintenance requirements. However, wireless technology is anticipated to witness the fastest growth due to its convenience and integration with smart home ecosystems​.
• Indoor cameras have dominated the market, driven by the need for constant monitoring of homes for security, child and pet surveillance, and emergency alerts. Artificial intelligence (AI) enhancements in these cameras have further bolstered their adoption​.
• North America remains the largest market for smart home security cameras, particularly in the U.S., where the adoption of home automation systems and smart home technologies is extensive. The Asia Pacific region, especially China and India, is expected to see rapid growth due to urbanization, increased safety awareness, and technological advancements in smart home devices​​​.
• The market is competitive with several key players like Vivint Smart Home, Inc., ADT Inc., SimpliSafe, Inc., Brinks Home Security, and Xiaomi Inc., among others, driving innovation and market expansion through advanced features like AI, real-time monitoring, and smart home integration​.
• Demand for smart home security cameras is bolstered by their advanced features, such as real-time alerts, integration with other smart devices, and remote access capabilities. The increasing consumer preference for smart homes and the integration of IoT technology are significant factors influencing market dynamics​​​.

(Reference: statista.com)

• Nearly 98.86 million households worldwide will have installed smart security cameras in 2023.
• By the next four years, smart security cameras in several households in 2024 will be 122.13 million, in 2025 (146.88 million), 2026 (163.73 million), and by the end of 2027, 180.70 million.

Smart TV Statistics

• The global smart TV market was valued at approximately USD 211.42 billion in 2023 and is projected to reach around USD 451.26 billion by 2030, growing at a CAGR of 11.4% during the forecast period​.
• The demand for higher resolution TVs, such as 8K, is rising, with a predicted CAGR of around 17% from 2023 to 2030, due to the demand for super high-resolution picture quality. The 46 to 55-inch screen size segment dominated the market revenue in 2022, with a shift towards even larger screens, above 65 inches, expected to grow at a CAGR of about 16% during the same period​.
• Android TV dominated the market with the largest revenue share in 2022, thanks to its extensive app ecosystem. Meanwhile, the online sales channel for smart TVs is estimated to see the highest growth rate from 2023 to 2030, as consumers increasingly turn to e-commerce platforms for their electronic purchases​.
• The Asia Pacific region held the largest market share, with over 40% of global revenues in 2022. This dominance is attributed to the rising popularity of smart TVs in countries like India and China, driven by the emergence of new market players and increasing consumer spending capacity​.
• The market is competitive with major players like LG Electronics Inc., Samsung Electronics Co. Ltd, TCL Electronics Holdings Limited, Hisense Group, and Xiaomi Corporation leading the space. These companies are continuously innovating and expanding their product lines to cater to the evolving consumer demands​.
• The smart TV market’s growth is fueled by the widespread availability of high-speed internet, the rise of OTT media services, and consumer preference for online streaming platforms. Smart TVs offer a seamless way to access a wide range of online content, including streaming services, social media, and web browsing, directly from the television​.
• One significant challenge to market growth is the high cost associated with the latest smart TV technologies, which can be prohibitive for low-income consumers. This factor may limit market expansion to higher-income segments, slowing adoption rates among lower-income groups​.

(Source: spglobal.com)

• The Asia Pacific region will account for the highest Smart TV installment rate by 2027, resulting in 450.8 million.
• In other regions, installment rates in 2027 are going to reach North America (290.2 million), Western Europe (204.9 million), Latin America and the Caribbean (96.1 million), Eastern Europe (81.2 million), and the Middle East and Africa (30.5 million).

Smart Thermostats Statistics

(Reference: statista.com)

• The global smart thermostat market valuation in 2023 will cost $3.9 billion.
• The market size of global smart thermostats will account for $4.9 billion in 2024, and others are followed by 2025 ($6.2 billion), 2026 ($8 billion), 2027 ($10.4 billion), 2028 ($13.8 billion), 2029 ($18.6 billion), and 2030 ($25.5 billion).
• Costs of the top 5 best smart thermostats of January 2024 available at Amazon are Ecobee Smart Thermostat Premium ($249.99), Nest Learning Thermostats ($249), Nest Thermostat ($129.99), Wyze Thermostat ($95.50), and Amazon Smart Thermostat ($79.99).

Smart Plugs Statistics

(Source: technavio.com)

• The North American region has experienced the largest share, and 2027, the market is supposed to grow by 31% by the end of 2027.
• In the United States, in 2023, the adoption of smart plugs has increased across 695 households.
• The market size of Smart Plugin 2023 was $2.69 billion and is expected to reach $9.12 billion by 2028, along with a CAGR of 27.66%.
• The global smart plug market is projected to expand from USD 2.69 billion in 2023 to USD 9.12 billion by 2028, showcasing a Compound Annual Growth Rate (CAGR) of 27.66% during the forecast period​​.
• The market’s growth is substantially driven by the widespread adoption of smart homes and advancements in the Internet of Things (IoT) frameworks. Smart plugs are integral to the smart home ecosystem, allowing users to remotely control and automate the operation of household appliances and devices​​.
• While smart plugs become increasingly commonplace, security concerns arise regarding user privacy and the potential for devices to be compromised. These issues have attracted attention from both academic and industrial sectors, underscoring the need for secure smart home solutions​​.
• Asia-Pacific, led by China and India, is highlighted as a region with significant growth potential, attributed to the rapid adoption of IoT and automation technologies. China, in particular, is noted for its advanced manufacturing capabilities and is a major hub for the production of smart plug components. North America and Europe also show promising growth, with advancements in IoT and smart home adoption driving the market​​.
• The market is characterized by the presence of major companies such as TP-Link, Belkin International, Panasonic, D-Link, and Xiaomi, among others. These companies are continuously innovating and expanding their product lines to include smart plugs that cater to the evolving needs of the smart home industry​​.
• The smart plug market is witnessing a shift towards Wi-Fi and Bluetooth-enabled devices, facilitating easy integration into existing smart home networks. The introduction of products certified by new protocols such as Matter indicates a move towards standardization and interoperability in the smart home devices sector​​.

Smart Security Camera Statistics

• The worldwide market of smart security cameras is increasing continuously, and in 2023, around 82.79% of households will use the device, which is approximately 81.84 million.
• 2027, a new peak record is expected, resulting in 180.7 million households using smart security cameras globally.
• According to KBV Research, by 2026, the global market size of smart home security cameras is expected to reach $10.4 billion.
• The global smart home security camera market was valued at approximately USD 7.37 billion in 2022, indicating a robust foundation in the smart home sector.
• The market is expected to grow at a compound annual growth rate (CAGR) of 19.2% from 2023 to 2030. This growth is driven by an increasing awareness of home security needs and advancements in camera technology.
•  In North America alone, the smart home security cameras market size was valued at around USD 2.99 billion in 2022, with an expected CAGR of 19.8% from 2023 to 2030. This highlights the region’s significant contribution to the market’s overall growth.
• The surge in demand for smart home security cameras can be attributed to a rise in regional thefts and burglaries. These devices have proven effective in preventing such crimes, thereby increasing their adoption among homeowners.
• By 2030, the global smart home security camera market is anticipated to reach a valuation of approximately USD 30.10 billion. This projection underscores the market’s potential for expansion and the growing consumer interest in home security solutions.
• The rapid adoption of the Internet of Things (IoT) in smart homes is a key factor supporting the industry’s growth. Innovations in camera technology, including improved resolution, connectivity, and integration capabilities, are expected to further fuel market expansion.
• Prominent companies in the smart home security camera market include Vivint Smart Home Inc., ADT LLC, Simplisafe Inc., Brink’s Home Security, iSmart Alarm Inc., Live Watch Security LLC, Skylinkhome, Protect America Inc., Samsung Electronics Co., LTD., Frontpoint Security Solutions, LLC, Arlo Technologies Inc., Nest Labs, Wyze Labs Inc., Blink, and Ring LLC. These companies are leading the market with continuous product innovation and strategic market initiatives​​​​​.
• Recent developments in the market include the introduction of dual-camera devices by Eufy Security, smart security cameras with night vision and intercoms by Xiaomi, and the launch of a DIY home security system by Google in collaboration with ADT. These innovations highlight the industry’s focus on enhancing surveillance capabilities and user convenience through technology​.

Smart Curtains and Blinds Statistics

• The global curtains and window blinds market is expected to cross USD 30 billion by 2032, with significant growth driven by technological advancements and increasing demand for motorized and smart window solutions. The market is propelled by a rising preference for housing and commercial infrastructure enhancements, along with advancements in motorized blinds and shades for enhanced safety and convenience​​​.
• Asia Pacific is forecasted to hold the largest market share by 2035, fueled by rising disposable incomes, urbanization, and a booming construction sector. This region is seeing a significant shift towards urban living, with a projected addition of 1.2 billion people in urban areas by 2050. The increase in tourism, particularly in China, has also spurred hotel construction, influencing demand for curtains and window blinds​.
• North America is expected to experience the highest growth rate, attributed to the increasing trend of smart homes and the integration of AI in window coverings. The DIY trend and a substantial presence of companies with established distribution networks further contribute to this growth​.
• The market is seeing a shift towards online distribution channels, with a projected growth rate of 8.8% from 2023 to 2030. The convenience and efficiency of online shopping, along with the rise in home-furnishing transactions, are notable trends. Smart home automation technologies are also becoming increasingly popular, with companies introducing products like smart window blinds that can be controlled wirelessly, offering convenience and integration with home automation systems​.
• The demand for polyester material in curtains and window blinds is projected to cross USD 4 billion by 2032, owing to its durability and insulating properties​.
• Cotton window blinds are experiencing growth in the residential sector, with the market from the cotton material segment surpassing USD 1.2 billion in 2022​.
• Market leaders such as Hunter Douglas N.V., Norman Window Fashions, and Kirsch are focusing on product innovation and smart technology integration to cater to evolving consumer preferences. Recent product launches, such as the Motion Blinds Upgrade Kit for Roller Blinds by Eve, indicate a strong focus on enhancing user convenience and energy efficiency​.

Smart Refrigerator Statistics

(Source: mordorintelligence.com)

• As of 2024, the expected market valuation of smart refrigerators will be $3.61 billion.
• By 2029, the market will reach above $4.22 billion at a CAGR of 3.14% from 2024 to 2028.
• The top three manufacturers of smart refrigerators are Whirlpool, Samsung, and Haier, holding a market share of 30% in 2023.
• Most users of smart fridges belong to metropolitan areas and are aged between 34 and 49 years.
• Families with annual incomes above $100K had a single smart fridge at their homes.
• The most extensive use of smart fridges is French door refrigerators, with a share of 45%, which are used highly in commercial appliances, followed by home appliances.
• China will have the largest market share of over 55%, followed by the North American region (25%) and Europe (25%).

Smart Washing Machine Statistics

• In 2022, the global smart washing machine market was valued at USD 8.9 billion and is projected to reach USD 57 billion by 2030.
• Many smart washing machines can be operated through mobile apps and are compatible with tablets, Google Assistant, and Alexa.
• In the United States, around 35% of households use smart washing machines, with this figure expected to rise to 55% in the next five years.
• By 2027, the demand for top-load smart washing machines is expected to increase by 23.5%.
• The demand for smart washing machines with a capacity of more than 10 kg is expected to grow by 23.7% by 2027.

Smart AC Statistics

• The smart AC market is expected to reach a value of USD 23.5 billion by 2027.
• As of March 2023, 20% of people in India preferred LG smart ACs, followed by Samsung at 14%.
• The largest group of smart AC users is people aged 25 to 34, making up 27.27% of the market.
• Demand for smart AC controllers is expected to grow by 13.2% from 2022 to 2027.
• Split inverter smart ACs are projected to see a market growth of 7.7% by 2028.
• Smart ACs can reduce cooling costs by up to 20% by adjusting energy use based on room conditions.

Smart Dishwasher Statistics

• The global smart dishwasher market is expected to grow to USD 7.29 billion by 2027, with a CAGR of 6.9% from 2023 to 2027.
• The U.S. is expected to generate USD 3.45 billion in revenue from smart dishwashers in 2023.
• Other regions’ revenue projections for 2023 include Japan at USD 0.58 billion, Indonesia at USD 173.10 million, and the UK at USD 0.75 billion.
• The built-in dishwasher segment is expected to experience the highest growth, with a CAGR of 10.2% from 2021 to 2030.
• Major brands in the global smart dishwasher market include Robert Bosch GmbH, LG Electronics, Samsung Electronics, Haier Group
• Corporation, Electrolux AB, Whirlpool Corporation, Miele & Cie KG, and Panasonic Corporation.

Conclusion

This article on Smart Home Devices Statistics has helped you understand the overall market of smart home, smart devices, and their implementations. The paper includes several current statistical analyses, such as smart speakers, smart home security, smart cameras, smart plugins, smart assistants, smart lighting, smart refrigerators, smart TVs, etc. So, the marketplace is predicted to grow gradually in 2024 and the coming years.

Joseph D'Souza

Joseph D'Souza started Coolest Gadgets in 2005 to share his love for tech gadgets. It has since become a popular tech blog, famous for detailed gadget's reviews and companies statistics. Joseph is committed to providing clear, well-researched content, making tech easy to understand for everyone. Coolest Gadgets is a trusted source for tech news, loved by both tech fans and beginners.

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