Top Global Smart Home Device Shipments in 2024

According to International Data Corporation (IDC), shipments of smart home devices are projected to grow by 0.6% year-on-year (YoY) to 892.3 million units in 2024.

"This is due to high penetration and a long replacement cycle in mature markets such as the United States," IDC wrote in its report on Monday, September 30, 2024.

By type, video entertainment products are expected to be the highest-shipping smart home product globally in 2024. Shipments are estimated to reach 269.7 million units, capturing 30.2% of the global smart home market share.

Next is home monitoring and security, encompassing cameras, door locks, and doorbells. Shipments of these products are projected to reach 244.4 million units in 2024.

Global smart speaker shipments are estimated at 87.4 million units, and smart vacuum shipments at 19.9 million units.

Meanwhile, other smart home products are projected to ship 270.9 million units worldwide in 2024.

Furthermore, IDC forecasts the smart home market to grow at a compound annual growth rate (CAGR) of 5.6% between 2024 and 2028, reaching 1.1 billion units shipped by the end of that period.

"Emerging markets, increased AI adoption, and the replacement cycle for mature categories like TVs are expected to be key drivers of this growth," IDC wrote.