The statistic shows the consumer spending on smart home devices worldwide from 2019 to 2027. In 2022, due to the economic recession caused by the Russian-Ukrainian war, consumer spending on smart home devices were valued at 127 billion U.S. dollars. However, consumer spending is expected to exceed 200 billion U.S. dollars by 2027.
Consumer spending on smart home related devices worldwide from 2019 to 2027
(in billion U.S. dollars)
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Strategy Analytics. (June 22, 2022). Consumer spending on smart home related devices worldwide from 2019 to 2027 (in billion U.S. dollars) [Graph]. In Statista. Retrieved February 10, 2025, from https://www.statista.com/statistics/873607/worldwide-smart-home-annual-device-sales/?__sso_cookie_checker=failed
Strategy Analytics. "Consumer spending on smart home related devices worldwide from 2019 to 2027 (in billion U.S. dollars)." Chart. June 22, 2022. Statista. Accessed February 10, 2025. https://www.statista.com/statistics/873607/worldwide-smart-home-annual-device-sales/?__sso_cookie_checker=failed
Strategy Analytics. (2022). Consumer spending on smart home related devices worldwide from 2019 to 2027 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: February 10, 2025. https://www.statista.com/statistics/873607/worldwide-smart-home-annual-device-sales/?__sso_cookie_checker=failed
Strategy Analytics. "Consumer Spending on Smart Home Related Devices Worldwide from 2019 to 2027 (in Billion U.S. Dollars)." Statista, Statista Inc., 22 Jun 2022, https://www.statista.com/statistics/873607/worldwide-smart-home-annual-device-sales/?__sso_cookie_checker=failed
Strategy Analytics, Consumer spending on smart home related devices worldwide from 2019 to 2027 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/873607/worldwide-smart-home-annual-device-sales/?__sso_cookie_checker=failed (last visited February 10, 2025)
Consumer spending on smart home related devices worldwide from 2019 to 2027 (in billion U.S. dollars) [Graph], Strategy Analytics, June 22, 2022. [Online]. Available: https://www.statista.com/statistics/873607/worldwide-smart-home-annual-device-sales/?__sso_cookie_checker=failed