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Smart home appliances revenue in Vietnam 2017-2025

Published by Statista Research Department, Sep 8, 2021
According to the Digital Market Outlook, the smart home sector in Vietnam generated around 123 million U.S. dollars in in revenue in 2020. The smart home appliances segment increased in that year by 22 million to 64 million U.S. dollar. The Statista Digital Market Outlook estimates that the revenue will continue to grow over the next few years, more than doubling the 2019 value by 2021 and generating 222 million U.S. dollars in revenue by 2025.

Revenue of the smart home appliance market in Vietnam from 2017 to 2025 (in million U.S. dollars)

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Supplementary notes

Data provided by Statista Market Outlook are estimates
The Smart Home market constitutes the sale of networked devices and related services that enable home automation for private end users (B2C). Considered are devices that are connected directly or indirectly via a so-called gateway to the Internet. Their main purposes are the control, monitoring and regulation of functions in a private household.
The remote control and monitoring of individual devices and, if applicable, their direct communication with one another (Internet of Things), is an essential component of intelligent home automation. Therefore, services which are necessary for the maintenance or control of the household network are also considered, e.g. subscription fees for control apps or external monitoring services.
Devices whose primary function is not the automation or remote control of household equipment, e.g. smartphones and tablets, are not included here. Similarly, devices that relate to household connection and remote control only to a limited extent, such as smart TVs, are not included either.

All figures are estimate. A detailed methodology can be found in the Statista Market Outlook.

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