The global market for Smart Connected Devices was estimated at US$29.8 Billion in 2024 and is projected to reach US$123.1 Billion by 2030, growing at a CAGR of 26.6% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Smart Connected Devices market.
Consumer preferences for convenience, automation, and control are accelerating the uptake of smart connected devices in homes, cars, and personal gadgets. Simultaneously, industries are deploying connected machinery, environmental sensors, and robotics to enhance productivity, reduce downtime, and implement predictive maintenance. The growing reliance on real-time data is also leading to convergence between hardware and cloud services, as users demand seamless interoperability across platforms like Apple HomeKit, Google Assistant, Amazon Alexa, and Microsoft Azure IoT Hub.
Cross-platform compatibility is becoming a critical differentiator. Device manufacturers are adopting open standards like Matter and Thread to ensure interoperability across brands and ecosystems. This enables end-users to control lighting, appliances, security cameras, and entertainment systems via unified dashboards. Cloud back-ends, edge processors, and containerized software environments are also allowing developers to push updates and apply AI models over-the-air (OTA), improving security, longevity, and performance without the need for hardware upgrades.
Cybersecurity is now integral to design, as threats targeting connected endpoints escalate. Devices are being shipped with secure boot loaders, hardware-based authentication, encrypted data transfer, and integration with zero-trust frameworks. Compliance with standards such as ETSI EN 303 645 (consumer IoT security) and ISO/IEC 27001 is becoming mandatory in various markets. As a result, vendors are building layered security architectures that combine hardware, network, application, and identity-based controls.
Healthcare is a rapidly growing vertical, with hospitals and clinics deploying connected diagnostic tools, infusion pumps, remote monitoring systems, and asset trackers. These devices support telehealth initiatives, patient care optimization, and regulatory compliance through real-time monitoring and alerts. In manufacturing, smart connected devices are used in condition-based monitoring, robotics, supply chain visibility, and digital twin applications. The integration of SCADA systems, PLCs, and connected sensors is transforming traditional factories into data-driven, adaptive environments.
Geographically, China remains a dominant player, driven by its domestic electronics manufacturing ecosystem and smart city initiatives. North America and Europe are witnessing strong enterprise adoption, with governments supporting digitization through smart grid, building automation, and e-governance programs. Emerging economies in Southeast Asia, Latin America, and Africa are gradually scaling smart infrastructure, agriculture, and public health solutions, creating new markets for entry-level, energy-efficient connected devices.
Enterprise digitalization efforts are another growth engine. Connected devices serve as the foundation for Industry 4.0, enabling asset monitoring, remote diagnostics, and workforce safety in sectors such as logistics, construction, oil and gas, and utilities. The deployment of 5G, edge networks, and private LTE is enhancing device responsiveness and lowering latency-unlocking opportunities for augmented reality (AR), autonomous vehicles, and precision agriculture. Governments are also playing a pivotal role by funding smart infrastructure, expanding broadband, and setting compliance standards for device security and energy efficiency.
On the supply side, miniaturization of sensors, reduced silicon costs, and the rise of fabless semiconductor models have lowered the barriers for OEMs to integrate connectivity into almost every product category. Cloud platform providers are offering plug-and-play IoT modules, software development kits (SDKs), and analytics engines that simplify application development, reduce time to market, and create recurring revenue models through subscription services and device-as-a-service offerings.
As the market matures, ecosystem consolidation is expected. Large platform providers are forming alliances to harmonize device standards and streamline integration. Environmental sustainability, device recyclability, and circular economy principles are also beginning to influence product design and consumer preferences. With increasing edge AI deployment, improved battery life, and wider regulatory oversight, smart connected devices are set to become ubiquitous across both developed and emerging economies-redefining how people, machines, and systems interact in an intelligent world.
Segments: Device Type (Connected Smartphones, Connected Smart Watches, Connected Smart Glasses, Connected Wireless Printers, Connected Smart Meters, Connected Smart Cameras, Connected Smart Bulbs, Connected Smart Locks, Other Smart Connected Devices); End-Use (Industrial End-Use, Commercial End-Use, Residential End-Use)
Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
Global Smart Connected Devices Market - Key Trends & Drivers Summarized
What Is Driving the Integration of Connectivity Across Consumer and Industrial Devices?
The smart connected devices market is rapidly transforming daily human interactions, industrial workflows, and infrastructure operations through pervasive digital integration. These devices-ranging from smart TVs, thermostats, and appliances to connected industrial sensors, healthcare monitors, and wearables-feature embedded connectivity that enables real-time data transmission, autonomous decision-making, and remote control functionalities. Enabled by protocols such as Wi-Fi, Bluetooth, Zigbee, NB-IoT, LTE, and 5G, the ecosystem of smart connected devices underpins the Internet of Things (IoT), creating hyper-interlinked environments across residential, commercial, and enterprise domains.Consumer preferences for convenience, automation, and control are accelerating the uptake of smart connected devices in homes, cars, and personal gadgets. Simultaneously, industries are deploying connected machinery, environmental sensors, and robotics to enhance productivity, reduce downtime, and implement predictive maintenance. The growing reliance on real-time data is also leading to convergence between hardware and cloud services, as users demand seamless interoperability across platforms like Apple HomeKit, Google Assistant, Amazon Alexa, and Microsoft Azure IoT Hub.
How Are Technologies and Platforms Reshaping Product Design and Ecosystem Architecture?
Technological evolution in edge computing, artificial intelligence (AI), machine learning (ML), and low-power wide-area networks (LPWANs) is driving rapid advancements in the smart connected devices landscape. Devices are now being built with advanced microcontrollers, onboard AI chips, and multiple sensors that enable contextual awareness, user-specific response patterns, and autonomous decision-making. For example, smart HVAC systems adjust airflow and temperature based on user habits and ambient data, while connected industrial meters track energy consumption, optimize load patterns, and send alerts in case of abnormal activity.Cross-platform compatibility is becoming a critical differentiator. Device manufacturers are adopting open standards like Matter and Thread to ensure interoperability across brands and ecosystems. This enables end-users to control lighting, appliances, security cameras, and entertainment systems via unified dashboards. Cloud back-ends, edge processors, and containerized software environments are also allowing developers to push updates and apply AI models over-the-air (OTA), improving security, longevity, and performance without the need for hardware upgrades.
Cybersecurity is now integral to design, as threats targeting connected endpoints escalate. Devices are being shipped with secure boot loaders, hardware-based authentication, encrypted data transfer, and integration with zero-trust frameworks. Compliance with standards such as ETSI EN 303 645 (consumer IoT security) and ISO/IEC 27001 is becoming mandatory in various markets. As a result, vendors are building layered security architectures that combine hardware, network, application, and identity-based controls.
Which Application Segments and Geographic Markets Are Leading Growth and Diversification?
The deployment of smart connected devices spans multiple verticals, each characterized by unique use cases and growth trajectories. In the consumer domain, smart home products-including lighting systems, speakers, home security kits, and appliances-are leading the adoption wave, particularly in North America, Europe, and East Asia. These devices are increasingly bundled into smart home starter kits by telecom providers and e-commerce platforms, simplifying mass-market adoption. Wearables such as fitness trackers and smartwatches are also expanding into health monitoring, sleep tracking, and fall detection, supported by rising wellness consciousness.Healthcare is a rapidly growing vertical, with hospitals and clinics deploying connected diagnostic tools, infusion pumps, remote monitoring systems, and asset trackers. These devices support telehealth initiatives, patient care optimization, and regulatory compliance through real-time monitoring and alerts. In manufacturing, smart connected devices are used in condition-based monitoring, robotics, supply chain visibility, and digital twin applications. The integration of SCADA systems, PLCs, and connected sensors is transforming traditional factories into data-driven, adaptive environments.
Geographically, China remains a dominant player, driven by its domestic electronics manufacturing ecosystem and smart city initiatives. North America and Europe are witnessing strong enterprise adoption, with governments supporting digitization through smart grid, building automation, and e-governance programs. Emerging economies in Southeast Asia, Latin America, and Africa are gradually scaling smart infrastructure, agriculture, and public health solutions, creating new markets for entry-level, energy-efficient connected devices.
What Strategic Forces Are Powering the Expansion of the Smart Connected Devices Market?
The growth in the global smart connected devices market is driven by several factors, including rising consumer demand for automation, enterprise digital transformation mandates, improvements in device affordability, and government-backed connectivity initiatives. At the consumer level, the shift toward energy-efficient living, voice-command ecosystems, and contactless digital interactions has made connected devices essential in everyday life. The COVID-19 pandemic accelerated demand for remote-controlled devices in home offices, entertainment, and health monitoring, establishing behavioral patterns that persist.Enterprise digitalization efforts are another growth engine. Connected devices serve as the foundation for Industry 4.0, enabling asset monitoring, remote diagnostics, and workforce safety in sectors such as logistics, construction, oil and gas, and utilities. The deployment of 5G, edge networks, and private LTE is enhancing device responsiveness and lowering latency-unlocking opportunities for augmented reality (AR), autonomous vehicles, and precision agriculture. Governments are also playing a pivotal role by funding smart infrastructure, expanding broadband, and setting compliance standards for device security and energy efficiency.
On the supply side, miniaturization of sensors, reduced silicon costs, and the rise of fabless semiconductor models have lowered the barriers for OEMs to integrate connectivity into almost every product category. Cloud platform providers are offering plug-and-play IoT modules, software development kits (SDKs), and analytics engines that simplify application development, reduce time to market, and create recurring revenue models through subscription services and device-as-a-service offerings.
As the market matures, ecosystem consolidation is expected. Large platform providers are forming alliances to harmonize device standards and streamline integration. Environmental sustainability, device recyclability, and circular economy principles are also beginning to influence product design and consumer preferences. With increasing edge AI deployment, improved battery life, and wider regulatory oversight, smart connected devices are set to become ubiquitous across both developed and emerging economies-redefining how people, machines, and systems interact in an intelligent world.
Scope Of Study:
The report analyzes the Smart Connected Devices market in terms of units by the following Segments, and Geographic Regions/Countries:Segments: Device Type (Connected Smartphones, Connected Smart Watches, Connected Smart Glasses, Connected Wireless Printers, Connected Smart Meters, Connected Smart Cameras, Connected Smart Bulbs, Connected Smart Locks, Other Smart Connected Devices); End-Use (Industrial End-Use, Commercial End-Use, Residential End-Use)
Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Connected Smartphones segment, which is expected to reach US$29.0 Billion by 2030 with a CAGR of a 23.0%. The Connected Smart Watches segment is also set to grow at 29.8% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $7.8 Billion in 2024, and China, forecasted to grow at an impressive 25.4% CAGR to reach $18.8 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Smart Connected Devices Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Smart Connected Devices Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Smart Connected Devices Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of players such as ABB Ltd, Acer Inc., Amazon.com Inc., Apple Inc., Arm Limited and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Some of the 42 companies featured in this Smart Connected Devices market report include:
- ABB Ltd
- Acer Inc.
- Amazon.com Inc.
- Apple Inc.
- Arm Limited
- Cisco Systems, Inc.
- Dell Technologies Inc.
- Google (Alphabet Inc.)
- Honeywell International Inc.
- HP Inc.
- HTC Corporation
- Huawei Technologies Co., Ltd.
- IBM Corporation
- Intel Corporation
- Lenovo Group Ltd.
- LG Electronics Inc.
- MediaTek Inc.
- NXP Semiconductors N.V.
- Qualcomm Incorporated
- Robert Bosch GmbH
- Samsung Electronics Co., Ltd.
- Siemens AG
- Sony Corporation
- Xiaomi Corporation
This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:
- Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
- Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
- Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
- Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
- Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
- Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
- Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYREST OF EUROPEREST OF WORLDIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Ltd
- Acer Inc.
- Amazon.com Inc.
- Apple Inc.
- Arm Limited
- Cisco Systems, Inc.
- Dell Technologies Inc.
- Google (Alphabet Inc.)
- Honeywell International Inc.
- HP Inc.
- HTC Corporation
- Huawei Technologies Co., Ltd.
- IBM Corporation
- Intel Corporation
- Lenovo Group Ltd.
- LG Electronics Inc.
- MediaTek Inc.
- NXP Semiconductors N.V.
- Qualcomm Incorporated
- Robert Bosch GmbH
- Samsung Electronics Co., Ltd.
- Siemens AG
- Sony Corporation
- Xiaomi Corporation
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 195 |
| Published | July 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value in 2024 | 29.8 Billion |
| Forecasted Market Value by 2030 | 123.1 Billion |
| Compound Annual Growth Rate | 26.6% |
| Regions Covered | Global |
