The data reveals that the Smart Home market has grown 95% between Q2/2016 and Q2/2017, reaching a quarterly revenue of $3.3B in Q2/2017 ($11.4B over the last 12 months). The United States currently make up almost 50% of global Smart Home revenue, followed by South Korea ($283M), Germany ($201M) and the UK ($184M).
The comprehensive Market Tracker includes data on 205 Smart Home device manufacturers across 8 different home automation segments. The enterprise premium version of the database consists of 176 different data views (for more information see Appendix below). It grants insights into each company's monthly unit sales and revenue figures from September 2014 to August 2017 globally and by country. The Market Model is largely based on granular app economy data provided by IoT Analytics' partner Priori Data.
Smart Home Gateways sold for an aggregated $802M in Q2/2017, making it the largest out of the 8 segments analyzed. Gateways also continue to outgrow the overall Smart Home Market due to fast adoption of voice-enabled home assistants such as Amazon Echo and Google Home. Appliances ($646M in Q2/2017), however, remain the fastest growing segment at 349% growth yoy, driven by a technology push of the South Korean manufacturers LG and Samsung. The other segments analyzed are Speakers ($733M), Security Systems ($724M), Thermostats ($218), Lighting ($101), Outlets & Switches ($32M), and Smoke Detectors ($17M).
Consumer IoT adoption has been somewhat behind expectations in the past years, mainly due to slow adoption of wearables such as fitness trackers and smart watches. Smart Home devices have also lagged behind forecasts. However, our data shows that the tides might be turning. It was Google's acquisition of Nest's Smart Smoke Alarm in 2015 that got this market dreaming. Today it looks as though it is the Amazon Echo as well as smart appliances such as fridges, washing machines, and ovens that are driving the smart household demand.
For more information about this directory visit https://www.researchandmarkets.com/research/s86bvf/smart_home_market?w=4