UK Consumer Iot Market Size & Outlook, 2023-2030
The consumer iot market in UK is expected to reach a projected revenue of US$ 26.2 million by 2030. A compound annual growth rate of 12.2% is expected of UK consumer iot market from 2024 to 2030.
Revenue, 2023 (US$M)
$11.7
Forecast, 2030 (US$M)
$26.2
CAGR, 2024 - 2030
12.2%
Report Coverage
UK
UK consumer iot market, 2018-2030 (US$M)
Related Markets
UK consumer iot market highlights
- The UK consumer iot market generated a revenue of USD 11.7 million in 2023 and is expected to reach USD 26.2 million by 2030.
- The UK market is expected to grow at a CAGR of 12.2% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
Consumer iot market data book summary
| Market revenue in 2023 | USD 11.7 million |
| Market revenue in 2030 | USD 26.2 million |
| Growth rate | 12.2% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | Alphabet Inc Class A, Amazon.com Inc, Apple Inc, Cisco Systems Inc, Honeywell International Inc, International Business Machines Corp, Intel Corp, Microsoft Corp, Samsung Electronics Co Ltd, AT&T, LG Energy Solution |
Other key industry trends
- In terms of revenue, UK accounted for 4.8% of the global consumer iot market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK consumer iot market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 24.6 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 |
|---|
UK 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 40.17% in 2023. Horizon Databook has segmented the UK consumer iot market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of consumer iot market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the UK consumer iot market , including forecasts for subscribers. This country databook contains high-level insights into UK consumer iot market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
UK consumer iot market size, by component, 2018-2030 (US$M)
UK Consumer IoT Market Outlook Share, 2023 & 2030 (US$M)
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