Consumer spending on smart home related hardware will reach $62.1B in 2022, down 13.6% from our January forecast of $71.9B due to deteriorating economic conditions, supply chain issues and the war in Ukraine. These conditions also impact our forecast for the next three to four years, however spending will grow at a 10.0% CAGR from 2022 to 2027 reaching more than $100B by 2027 and accounting for just under 50% of total smart home spending.
In 2027 smart bulbs will generate the largest volume of unit sales followed by electrical devices (switches, sockets and plugs) and smart appliance controllers. Surveillance cameras including video doorbells are 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
- Entry-level ($50 or Less)
- Midrange ($51-$100)
- Premium ($101-$300)
- Pro-sumer ($301+)
- LTE Cameras
- Video Doorbell Cameras
- Total Surveillance Camera Annual Sales
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