U.S. Consumer Iot Market Size & Outlook, 2023-2030

The consumer iot market in the United States is expected to reach a projected revenue of US$ 94.1 million by 2030. A compound annual growth rate of 12.2% is expected of the United States consumer iot market from 2024 to 2030.
Revenue, 2023 (US$M)
$42.0
Forecast, 2030 (US$M)
$94.1
CAGR, 2024 - 2030
12.2%
Report Coverage
U.S.

U.S. consumer iot market highlights

  • The U.S. consumer iot market generated a revenue of USD 42.0 million in 2023 and is expected to reach USD 94.1 million by 2030.
  • The U.S. 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 2023USD 42.0 million
Market revenue in 2030USD 94.1 million
Growth rate12.2% (CAGR from 2023 to 2030)
Largest segmentHardware
Fastest growing segmentServices
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationHardware, Software, Services
Key market players worldwideAlphabet 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, U.S. accounted for 17.4% 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 North America, U.S. consumer iot market is projected to lead the regional market in terms of revenue in 2030.
  • Canada is the fastest growing regional market in North America and is projected to reach USD 44.3 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
Wired
Bluetooth
Zigbee
Wi-Fi
NFC
ANT+
Others (BLE, WLAN, GNSS)
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

U.S. 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 37.86% in 2023. Horizon Databook has segmented the U.S. consumer iot market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.


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Target buyers of U.S. consumer iot market databook

  • Our clientele includes a mix of consumer iot market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • 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 U.S. consumer iot market , including forecasts for subscribers. This country databook contains high-level insights into U.S. consumer iot market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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U.S. consumer iot market size, by component, 2018-2030 (US$M)

U.S. Consumer IoT Market Outlook Share, 2023 & 2030 (US$M)

U.S. consumer iot market size, by component, 2018-2030 (US$M)

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