Insight: Smart Home Device Shipments to Exceed 2.5 Billion in 2030

TechInsight’s latest smart home device forecast predicts global shipments of smart home devices will almost double between 2024 and 2030 to exceed 2.5 billion units at the end of this period. Following two years of low single digit growth in wholesale revenue from smart home devices, TechInsights expects an improving economic landscape and increasing price competition among smart home product markets to stimulate stronger growth from 2024 onwards, as the market continues to mature and expand from early technology adopters to mass market consumers.

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