Smart home device shipments 2020-2025, by region

In 2021, the total number of shipments of smart home devices worldwide is expected to reach 537 million, with most shipments going to the Far East and China. Even though the total number of shipments is expected to increase over the next few years, the geographical distribution is anticipated to stay the same.

The smart home device market includes four primary segments: Smart Home Automation, which allows for remote or automatic control and monitoring of home features. These include smart thermostats, light bulbs, and locks. Smart Metering devices are utility meters with a data connection to relay meter readings and allow for monitoring of consumptions and cost. Smart Appliances are large ‘white goods’ products that utilize data connections and other technology to provide additional functions and services to the user. These include connected fridges, freezers, air conditioning units, washing machines, kettles and other household devices, such as robots that perform domestic functions. Lastly, Smart Entertainment devices are intended to provide a leisure function to the end-user and include smart speakers, connected TVs, voice-controlled displays, connected media players and the like.