Global revenue from smart home devices 2017, 2018 and 2022, by category

In 2018 the total revenue for smart home devices was around 206 billion U.S. dollars. Video entertainment is consistently the primary source of revenue from smart home devices – it amounted to 157.4 billion U.S. dollars in 2018.

Home entertainment: more information

Statista’s Digital Market Outlook predicts that the home entertainment segment is expected to reach a worldwide revenue of almost 17 billion U.S. dollars by 2023. In addition to having the most revenue, video entertainment is also the most frequently shipped category of smart home devices, a trend expected to continue through 2023. This matches the rise of video-on-demand, such as the medium of internet television like Netflix and Hulu, which gives users added flexibility in video consumption.

A smart speaker experience

One type of video entertainment is through smart speakers with embedded displays, which allow for video playback, usually in tandem with a digital assistant. These smart displays are expected to expand in popularity – by 2023, around 100 million households are expected to have one such device, which would be a huge increase from 2019's 12 million homes. In total, the market value for all smart speakers is projected to increase steadily to over 35 billion U.S. dollars by 2023.

Smart home device revenue worldwide in 2017, 2018 and 2022, by category

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Source

Release date

June 2018

Region

Worldwide

Survey time period

2017 to 2018

Supplementary notes

*Forecast

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