Consumer spending on smart home related hardware will reach $56.2B in 2022, down 10% from our January forecast of $62.1B due to continuing deterioration of economic conditions. It is widely expected that the major global economies will sink into recessionary territory in 2023 which negatively impacted our forecast for the next two to three years, however spending will still grow at an 8.4% CAGR from 2022 to 2027 reaching $84B by 2027. This is down 16% from our July forecast of $100B.
In 2027 smart bulbs will generate the largest volume of unit sales followed by smart appliance controllers and smart electrical devices (switches, sockets, and plugs). Surveillance cameras including video doorbells will be the top revenue generating category in 2022 and will continue to be so through 2027. Electrical devices are the second largest revenue generating category followed by smart thermostats and smart bulbs.
This semi-annual forecast data table presents Strategy Analytics' forecast and key planning assumptions for all devices sold into smart home applications for the period from 2012 to 2027.The device forecasts for unit sales, annual spending and installed base are presented by country with regional and global totals.
Table of Contents
1. Title
2. Contents
3. The Story
4. Analysis
5. Global - Sales
6. Global - Installed Base
7. North America - Sales
8. North America - Installed Base
9. US - Sales
10. US - Installed Base
11. Canada - Sales
12. Canada - Installed Base
13. Western Europe - Sales
14. Western Europe - Installed Base
15. Denmark - Sales
16. Denmark - Installed Base
17. Finland - Sales
18. Finland - Installed Base
19. France - Sales
20. France - Installed Base
21. Germany - Sales
22. Germany - Installed Base
23. Italy - Sales
24. Italy - Installed Base
25. Norway - Sales
26. Norway – Installed Base
27. Spain - Sales
28. Spain - Installed Base
29. Sweden - Sales
30. Sweden - Installed Base
31. UK - Sales
32. UK - Installed Base
33. Rest of Western Europe - Sales
34. Rest of Western Europe - Installed Base
35. Asia - Sales
36. Asia - Installed Base
37. China - Sales
38. China - Installed Base
39. India – Sales
40. India – Installed Base
41. Japan – Sales
42. Japan – Installed Base
43. South Korea – Sales
44. South Korea – Installed Base
45. Rest of Asia - Sales
46. Rest of Asia - Installed Base
47. Central and Eastern Europe - Sales
48. Central and Eastern Europe - Installed Base
49. Middle East and Africa - Sales
50. Middle East and Africa - Installed Base
51. Central and Latin America - Sales
52. Central and Latin America - Installed Base
53. Argentina Sales
54. Argentina Installed Base
55. Brazil Sales
56. Brazil Installed Base
57. Mexico Sales
58. Mexico Installed Base
59. Rest of Central and Latin America Sales
60. Rest of Central and Latin America Installed Base
61. Coverage
62. Definitions
63. Methodology
64. Contacts
65. Flat File
For Each Region or Country
Sales
Households
Growth Yr-over-Yr %
Fixed-Line Broadband Penetration
Growth Yr-over-Yr %
Fixed-Line Broadband Households (M)
Growth Yr-over-Yr %
Annual Unit Sales and Spending for:
Gateway/Panel/Hubs
Programmable Communicating Thermostats (PCTs)
Surveillance Cameras
- Smart Switches -- Standard
- Smart Switches -- Dimmers
- Smart Sockets
- Smart Plugs
- Total Electrical Switches, Sockets & Smart Plugs
Smart Bulbs
Digitally Controlled Irrigation Controls
Digital Health Systems
Smart Appliance Controllers
Other Devices
Total Devices
Total Consumer Spending on Smart Devices Sold into Selected Smart Home Applications
(Excludes Smartphones, Tablets, Laptops and PCs)
(Excludes Rentals of Remote-enabled Entertainment Controllers)
TOTAL Global Device Unit Sales #M
For Each Region or Country
Installed Base
Total # HHs with Smart Systems
Total Number of People in Smart Homes
Average # Devices per Smart Home
Average # Devices per Person in Smart Homes
Population
Households
Average People per Household
Total Devices Connected in Smart Home Applications
(Excludes Smartphones, Tablets, Laptops and PCs)
Gateway/Panel/Hubs
Programmable Communicating Thermostats (PCTs)
Surveillance Cameras
- Entry-level ($50 or Less)
- Midrange ($51-$100)
- Premium ($101-$300)
- Pro-sumer ($301+)
- LTE Cameras
- Video Doorbell Cameras
Door/Window Sensors
Motion Detectors
Electronic Door Locks
Connected Smoke Detectors
Flood/Moisture Sensors
Electrical Switches, Sockets and Smart Plugs
- Smart Switches -- Standard
- Smart Switches -- Dimmers
- Smart Sockets
- Smart Plugs
- Total Electrical Switches, Sockets & Smart Plugs
Smart Bulbs
Digitally Controlled Irrigation Controls
Digital Health Systems
Smart Appliance Controllers
Other Devices
Total Devices Connected in Smart Home Applications