From 2018 to 2022, smart home technology is poised for a rapid growth in the United States. Segments like smart speakers, video entertainment and home security are expected to grow by considerable times – with the idea of controlling your house via smart devices becoming more and more mainstream.
Almost 30% of U.S. consumers (between 18 and 59 and likely to invest in smart home technology within the next year) are planning to spend US$251-$500 on their smart home devices. Another one fifth of the consumers are likely to invest US$101-$250 for the same purpose.
Smart home devices revenue in the U.S.
While the global revenue growth of smart home devices is predicted to rise up to a total of US$192 billion by 2023, the U.S. alone, is forecast to generate smart home revenues of about US$42 billion in that same year.
How much money are you planning to spend on your smart home, i.e. connected devices and control units, in total in the following 12 months?
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Statista. (January 15, 2018). How much money are you planning to spend on your smart home, i.e. connected devices and control units, in total in the following 12 months? [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/forecasts/798055/planned-spending-on-smart-home-in-the-us
Statista. "How much money are you planning to spend on your smart home, i.e. connected devices and control units, in total in the following 12 months?." Chart. January 15, 2018. Statista. Accessed December 21, 2024. https://www.statista.com/forecasts/798055/planned-spending-on-smart-home-in-the-us
Statista. (2018). How much money are you planning to spend on your smart home, i.e. connected devices and control units, in total in the following 12 months?. Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/forecasts/798055/planned-spending-on-smart-home-in-the-us
Statista. "How Much Money Are You Planning to Spend on Your Smart Home, I.E. Connected Devices and Control Units, in Total in The following 12 Months?." Statista, Statista Inc., 15 Jan 2018, https://www.statista.com/forecasts/798055/planned-spending-on-smart-home-in-the-us
Statista, How much money are you planning to spend on your smart home, i.e. connected devices and control units, in total in the following 12 months? Statista, https://www.statista.com/forecasts/798055/planned-spending-on-smart-home-in-the-us (last visited December 21, 2024)
How much money are you planning to spend on your smart home, i.e. connected devices and control units, in total in the following 12 months? [Graph], Statista, January 15, 2018. [Online]. Available: https://www.statista.com/forecasts/798055/planned-spending-on-smart-home-in-the-us
