The overall revenue of the smart home market in the United States increased in 2021 to over 28.8 billion U.S. dollars. Around eight billion of this revenue was generated by the smart appliances segment, making it the biggest market segment. Control & connectivity features were the second most profitable segment with 7.22 billion dollars. The Statista Digital Market Outlook estimates that revenue across all segments will continue to increase and by 2026. Smart home security features for example are estimated to increase from five billion dollars in 2021 to almost nine billion dollars in 2026.
Smart home revenue in the United States from 2017 to 2026, by segment (in billion U.S. dollars)
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Statista. (March 29, 2022). Smart home revenue in the United States from 2017 to 2026, by segment (in billion U.S. dollars) [Graph]. In Statista. Retrieved July 01, 2022, from https://www.statista.com/forecasts/887678/smart-home-revenue-per-segment-in-the-united-states
Statista. "Smart home revenue in the United States from 2017 to 2026, by segment (in billion U.S. dollars)." Chart. March 29, 2022. Statista. Accessed July 01, 2022. https://www.statista.com/forecasts/887678/smart-home-revenue-per-segment-in-the-united-states
Statista. (2022). Smart home revenue in the United States from 2017 to 2026, by segment (in billion U.S. dollars). Statista. Statista Inc.. Accessed: July 01, 2022. https://www.statista.com/forecasts/887678/smart-home-revenue-per-segment-in-the-united-states
Statista. "Smart Home Revenue in The United States from 2017 to 2026, by Segment (in Billion U.S. Dollars)." Statista, Statista Inc., 29 Mar 2022, https://www.statista.com/forecasts/887678/smart-home-revenue-per-segment-in-the-united-states
Statista, Smart home revenue in the United States from 2017 to 2026, by segment (in billion U.S. dollars) Statista, https://www.statista.com/forecasts/887678/smart-home-revenue-per-segment-in-the-united-states (last visited July 01, 2022)