The consumer IoT market is set for tremendous growth over the next five years with unit sales to jump nearly fivefold from 366 million in 2016 to 1.8 billion in 2021. The installed base of active consumer IoT devices will exceed 4.6 billion in 2021. The smart home will be the largest contributor to this growth, representing 80% of unit sales in 2021.
Smart home is by far the largest growth segment for consumer IoT with a vast array of devices including appliances, connected speakers, security cameras, sensors, and smart thermostats. They will generate 1.45 billion in unit sales worldwide in 2021.
Asia & Oceania will be the largest consumer IoT market with unit sales set to grow from 163 million in 2016 to 861 million in 2021.
Features and benefits:
- Sizes the consumer IoT market for wearables, VR, and smart home.
- Compares the adoption of consumer IoT devices across different regions of the world.