Global revenue from smart home devices 2016 and 2018, by region

There was a significant increase in global revenue from smart home devices between the years 2016 and 2018, jumping from 9.8 billion to over 18 billion U.S. dollars in 2018. Of that amount, the majority was generated from the Americas region, with a total of 8.4 billion U.S. dollars.

The United States smart home market

The United States is one of the countries that are fast adopting smart home systems in their households. Statista’s own inhouse market research team estimated the U.S. smart home market to be larger than any other country’s expected revenue. It is also the country with the highest penetration rate for smart home products; however, with a rate of just 22 percent, there is still plenty of room for the market to develop.

Consumer spending on smart items

The smart home market is consistently growing, with consumer spending on smart home systems projected to increase steadily through 2023. Many consumers are likely to purchase smart speakers and smart home entertainment systems. However, the range of uses for smart devices goes well beyond recreation, as smart home appliances such as smoke detectors can help improve the quality and safety of life at home.

Smart home device revenue worldwide in 2016 and 2018 (in billion U.S. dollars), by region

Exclusive Premium statistic

You need a Single Account for unlimited access.

  • Full access to 1m statistics

  • Incl. source references

  • Available to download in PNG, PDF, XLS format

Single Account

only $59 / month *
*Duration: 12 months, billed annually, single license

Access to this and all other statistics on 80,000 topics from

$708 / Year

Show detailed source information?
Register for free
Already a member?
Log in
Sources

Release date

February 2018

Region

Worldwide

Survey time period

2016

Supplementary notes

* Forecast

Statista Accounts: Access All Statistics. Starting from $708 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.
This statistic is not included in your account.

Single Account
Your perfect start with Statista
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references
$59 / Month *
Corporate Account
Full access

Corporate solution including all features.

* All products require an annual contract; Prices do not include sales tax.

Statistics on "Smart home"

Statista Accounts: Access All Statistics. Starting from $708 / Year
Learn more about how Statista can support your business.