Global Consumer Iot Market Size & Outlook
The consumer iot industry worldwide is expected to reach a projected revenue of US$ 555.9 million by 2030. A compound annual growth rate of 12.7% is expected of the worldwide consumer iot industry from 2024 to 2030.
Revenue, 2023 (US$M)
$240.9
Forecast, 2030 (US$M)
$555.9
CAGR, 2024 - 2030
12.7%
Report Coverage
Worldwide
Global consumer iot market, 2018-2030 (US$M)
Related Markets
Global consumer iot market highlights
- The global consumer iot market generated a revenue of USD 240.9 million in 2023 and is expected to reach USD 555.9 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 12.7% by 2030.
- In terms of segment, hardware accounted for a revenue of USD 92.2 million in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 240.9 million |
| Market revenue in 2030 | USD 555.9 million |
| Growth rate | 12.7% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Services |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
Other key industry trends
- In terms of revenue, the North America accounted for 25.2% of the global consumer iot market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, China is the fastest growing regional market and is projected to reach USD 83.9 million by 2030.
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Consumer IoT Market Scope
Consumer iot market segmentation & scope
Processor
Temperature
Pressure
ECG
Accelerometers
Inertial Measurement Unit
Humidity
Light
Camera Modules
Others (Magnetic, Motion & Position, etc.)
Memory Devices
Logic Devices
Data Management
Security
Real-time Streaming Management
Remote Monitoring
Network Management
Others (Application Management, Device Management)
Consulting Services
Implementation Services
Support & Maintenance
Managed Services
Lighting
Washing Machine
Dishwasher
TV
Others (Dryer, Oven, Cooktop, Kettle, etc.)
Blood Pressure Monitor
Fitness & Heartrate Monitor
Pulse Oximeter
Blood Glucose Meter
Others (Programmable Syringe Pump, Fall Detector, etc.)
Smart Watch
Smart Glasses
Body-worn Cameras
Fitness Tracker
Others (AI Hearing Aids, VR Headsets, etc.)
Connected Cars
In-car Infotainment
Traffic Management
Consumer IoT Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global consumer iot market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to consumer iot market will help companies and investors design strategic landscapes.
hardware was the largest segment with a revenue share of 38.27% in 2023. Horizon Databook has segmented the Global consumer iot market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Consumer IoT Component Outlook (Revenue, USD Million, 2018-2030)
- Hardware
- Processor
- Sensors
- Temperature
- Pressure
- ECG
- Accelerometers
- Inertial Measurement Unit
- Humidity
- Light
- Camera Modules
- Others (Magnetic, Motion & Position, etc.)
- Memory Devices
- Logic Devices
- Software
- Data Management
- Security
- Real-time Streaming Management
- Remote Monitoring
- Network Management
- Others (Application Management, Device Management)
- Services
- Professional Services
- Consulting Services
- Implementation Services
- Support & Maintenance
- Managed Services
- Professional Services
- Hardware
- Global Consumer IoT Connectivity Technology Outlook (Revenue, USD Million, 2018-2030)
- Wired
- Wireless
- Bluetooth
- Zigbee
- Wi-Fi
- NFC
- ANT+
- Others (BLE, WLAN, GNSS)
- Global Consumer IoT Application Outlook (Revenue, USD Million, 2018-2030)
- Consumer Electronics
- Lighting
- Washing Machine
- Dishwasher
- TV
- Others (Dryer, Oven, Cooktop, Kettle, etc.)
- Healthcare
- Blood Pressure Monitor
- Fitness & Heartrate Monitor
- Pulse Oximeter
- Blood Glucose Meter
- Others (Programmable Syringe Pump, Fall Detector, etc.)
- Wearable Devices
- Smart Watch
- Smart Glasses
- Body-worn Cameras
- Fitness Tracker
- Others (AI Hearing Aids, VR Headsets, etc.)
- Automotive
- Connected Cars
- In-car Infotainment
- Traffic Management
- Consumer Electronics
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Horizon Databook provides a detailed overview of global-level data and insights on the Global consumer iot market , including forecasts for subscribers. This global databook contains high-level insights into Global consumer iot market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global consumer iot market statistics, by regions, 2018-2030 (US$M)
Top 10 countries: Consumer iot market size, 2023 (USD Million)
Top 10 countries: Consumer iot market size, 2023 (USD Million)
Global consumer iot market, by region, 2023 (US$M)
Related regional statistics
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