Jump ahead to: Smart Home Technology | Smart Cities | Smart Home and Cities Reports
Smart Home Technology
- There were an estimated 259 million smart homes worldwide in 2021, with a smart home penetration rate of 12.2%. (Source: Statista Research Department)
- Consumer spending on smart home devices in 2021 was $62B. (Source: Statista Research Department)
- The number of Smart Homes in the market in the World is expected to be 478.2 million in 2025. (Source: Statista Research Department)
- The U.S. is expected to have 63 million connected homes by end of 2022. (Source: Time, Statista)
- There are now on average 18 devices per household, up from 13 in October 2019. (Source: Plume – The Smart Home Revolution)
- The number of devices per U.S. households increased 38% from Oct. 2019 to May 2021 with the most common additions being voice assistants, security cameras, and smart light bulbs. (Source: Plume – The Smart Home Revolution)
- Smart TVs are now the norm with 76% of TV households owning a smart TV, 65% of TV HHs streaming on a smart TV at least monthly and 57% of all TVs are now smart TVs. (Source: Hub Entertainment Research, Connected Home Study)
- Over the past four years, ownership of smart speakers has increased to 52% (2022). (Source: Hub Entertainment Research, Connected Home Study)
- Amazon’s share of smart speaker shipments (voice assistants) was 38% in 2021. (Source: Statista Research Department)
- Smart security home systems, including smart locks and cameras, are expected to reach $8.2B in revenue by 2025. (Source: Statista Research Department)
- U.S. consumers upgraded their smart entertainment devices, with the largest growth in virtual reality devices (+223%). (Source: Plume – The Smart Home Revolution)
- Smart home video entertainment device shipments were 296.3m units for 2021. (Source: Statista Research Department)
For more information and resources on Virtual Reality and The Metaverse’s implications on the media business, click here.
- As consumers spend more time preparing meals, they are prioritizing high-tech convenience for the home, as smart cooking devices are at an all-time high, up by 60%. (Source: Plume – The Smart Home Revolution)
- Smart appliances revenue worldwide was $37.1B USD in 2021. (Source: Statista Research Department)
- U.S. consumers prioritized fitness and well-being, and shopped for smart devices accordingly, as wearable and smart watches grew 52% and fitness bikes and trainers grew 132% from Oct. 2019 to May 2021. (Source: Plume – The Smart Home Revolution)
Smart Cities
Smart cities, also commonly known as digital cities, intelligent cities, and wired cities, are urban areas that collect electronic data from citizens, devices, and assets to manage available resources more efficiently. The goal is to enhance knowledge and innovation, reduce costs and resource use, promote living and working environments, and increase the communication between government and citizens.
- Smart City Revenue:
- Smart Mobility: $27.7B
- Startups-Smart City Building: $19.2B
- Smart Building Automation Market: $223B (worldwide)
(Source: Statista Research Department)
- Enabling Smart City Technologies:
- Mobile 5G subscription worldwide is estimated to reach $3.5B in 2026.
- The forecast spending on IoT worldwide by 2021 is $1.1 trillion.
- The forecast public cloud computing spending worldwide in 2022 is $482B.
(Source: Statista Research Department)
Smart Home and Cities Reports
Study: Connected Home 2022 (Source: Hub Entertainment Research)
From smart TVs to 4K, voice control, 5G and virtual reality, discover from Hub Entertainment’s latest Connected Home Study how emerging media technologies are impacting consumers’ homes and connecting them to services and devices like never before.
Report: A Window Into the Smart Home in 2022 (Source: Plume 1Q 2021 Yearbook)
Discover in Plume’s yearbook report, trends that show that the next big play is personalized smart home experiences, the intuitive home. Uncover how customers are now ready for the devices they use—and the services that connect them all together—to anticipate their needs and go beyond point solutions.
CES Report by Clarke Stevens, Shaw Communications
Discover the latest tech and innovation related to smart home and smart city trends from the 2022 Consumer Electronics Show including new gateways, smart beds, Bluetooth smart trackers, wireless power, and outdoor city cameras.
*Full CES Report available to CTAM members only.
† Please note that any opinions, views, commentary or recommendations about the 2022 Consumer Electronics Show (CES) and/or any products or services participating in the CES made by Clarke Stevens are his alone and do not represent opinions, views, commentary, recommendations of Shaw Communications Inc., its affiliates or its management (collectively, “Shaw”) about the CES and Shaw does not approve, recommend and endorse of any of the products or services participating in the CES.
