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Consumer IoT Market

Global Consumer IoT Market Size, Share, Trends, Forecast: By Offering: Hardware, Software, Services; By Connectivity: Wired, Wireless; By Application: Automotive, Consumer Electronics, Healthcare, Home Automation, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2023-2028

Global Consumer IoT Market Outlook

The global consumer IoT market size reached nearly USD 227.00 billion in 2022. The market is projected to grow at a CAGR of 11.2% between 2023 and 2028 to reach a value of around USD 432.28 billion by 2028.

 

Key Trends in the Market

Consumer IoT refers to consumer devices or equipment equipped with the Internet of things (IoT) technology. IoT enables these devices to collect, share, and store data using the internet. Consumer IoT can be implemented in various aspects of daily life, such as asset tracking, healthcare, and entertainment, among others.

 

  • The growing popularity of consumer IoT devices, such as smart light switches, smart locks, doorbell cams, and vice controllers, among others, is driving the market growth. Over the forecast period, the anticipated increase in penetration of IoT in daily life and advancements in smart home technology are likely to add to the consumer IoT market growth.
  • Heightening penetration of consumer IoT in hybrid and electric vehicles is a key market trend. In addition, technological advancements in the automotive sector, growing car ownership, and the incorporation of tracking technology in modern vehicles are creating opportunities for the market expansion.
  • The emergence of healthcare IoT technology is one of the crucial consumer IoT market trends. Consumers are rapidly adopting IoT wearables to reach their fitness goals and track their physical health. Moreover, the rising focus on preventative healthcare and growing health consciousness is anticipated to fuel the adoption of IoT devices, including wearables, in the coming years.

 

Market Analysis

Based on offering, the market is segmented into hardware, software, and services. The hardware segment is further divided based on type into processor, network infrastructure, and sensors, among others.

 

On the basis of connectivity, the market is classified into wired and wireless. The wireless segment is further divided based on type into Bluetooth, Wi-Fi, and NFC, among others. By application, the consumer IoT market segmentations include automotive, consumer electronics, healthcare, and home automation, among others. The major regional markets for consumer IoT include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global consumer IoT market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

 

  • IBM Corporation 
  • Amazon Web Services, Inc.
  • Intel Corporation 
  • Hewlett Packard Enterprise Development LP
  • Microsoft Corporation
  • Schneider Electric SE 
  • TE Connectivity Ltd. 
  • Texas Instruments Incorporated
  • NXP Semiconductors N.V.
  • Infineon Technologies AG
  • Others

 

Market Share by Application

Home automation accounts for a significant portion of the consumer IoT market share. This can be attributed to the heightening adoption of home automation systems to optimise energy efficiency, improve the functionality of appliances, and maximise home security. In addition, a rapid shift towards a convenient lifestyle is further propelling the adoption of consumer IoTs.

 

Market Share by Region

As per the consumer IoT market analysis, North America is likely to witness a healthy growth in the forecast period. The growing demand for smart devices and the increasing use of technology in everyday applications are major factors driving the adoption of consumer IoT in the region. Moreover, the strong foothold of IoT companies across well-established economies such as the United States of America is further bolstering the market.

 

Competitive Landscape

Microsoft Corporation is a leading technology corporation known for its Windows line of operating systems. The company also develops IoT solutions to provide secure, scalable, and open edge-to-cloud solutions. It was founded in 1975 and is headquartered in Washington, the United States.

 

IBM Corporation is a multinational technology company which was founded in 1911 and is headquartered in New York, the United States. The company offers IoT solutions to help businesses extract valuable insights to improve operations.

 

Infineon Technologies AG, founded in 1999, is a leading semiconductor company with expertise in IoT and power systems. Headquartered in Neubiberg, Germany, the company offers innovative services, solutions, and products for the automotive, telecommunications, and electronics sectors. Through its semiconductor solutions, the company aims to enhance the functionality and connectivity of IoT devices.

 

Other consumer IoT market players include Amazon Web Services, Inc., Intel Corporation, Hewlett Packard Enterprise Development LP, Schneider Electric SE, TE Connectivity Ltd., Texas Instruments Incorporated, and NXP Semiconductors N.V., among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Offering
  • Connectivity
  • Application
  • Region
Breakup by Offering
  • Hardware
  • Software
  • Services
Breakup by Connectivity
  • Wired
  • Wireless
Breakup by Application
  • Automotive
  • Consumer Electronics
  • Healthcare
  • Home Automation
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • IBM Corporation 
  • Amazon Web Services, Inc.
  • Intel Corporation 
  • Hewlett Packard Enterprise Development LP
  • Microsoft Corporation
  • Schneider Electric SE 
  • TE Connectivity Ltd. 
  • Texas Instruments Incorporated
  • NXP Semiconductors N.V.
  • Infineon Technologies AG
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description   
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Consumer IoT Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Consumer IoT Historical Market (2018-2022) 
    8.3    Global Consumer IoT Market Forecast (2023-2028)
    8.4    Global Consumer IoT Market by Offering
        8.4.1    Hardware
            8.4.1.1    Historical Trend (2018-2022)
            8.4.1.2    Forecast Trend (2023-2028) 
            8.4.1.3    Breakup by Type 
                8.4.1.3.1    Processor 
                8.4.1.3.2    Network infrastructure 
                8.4.1.3.3    Sensors
                8.4.1.3.4    Others
        8.4.2    Software 
            8.4.2.1    Historical Trend (2018-2022)
            8.4.2.2    Forecast Trend (2023-2028)
        8.4.3    Services
            8.4.3.1    Historical Trend (2018-2022)
            8.4.3.2    Forecast Trend (2023-2028)
    8.5    Global Consumer IoT Market by Connectivity
        8.5.1    Wired
            8.5.1.1    Historical Trend (2018-2022)
            8.5.1.2    Forecast Trend (2023-2028)
        8.5.2    Wireless
            8.5.2.1    Historical Trend (2018-2022)
            8.5.2.2    Forecast Trend (2023-2028) 
            8.5.2.3    Breakup by Type 
                8.5.2.3.1    Bluetooth 
                8.5.2.3.2    Wi-Fi 
                8.5.2.3.3    NFC
                8.5.2.3.4    Others
    8.6    Global Consumer IoT Market by Application
        8.6.1    Automotive
            8.6.1.1    Historical Trend (2018-2022)
            8.6.1.2    Forecast Trend (2023-2028)
        8.6.2    Consumer Electronics
            8.6.2.1    Historical Trend (2018-2022)
            8.6.2.2    Forecast Trend (2023-2028)
        8.6.3    Healthcare
            8.6.3.1    Historical Trend (2018-2022)
            8.6.3.2    Forecast Trend (2023-2028)
        8.6.4    Home Automation
            8.6.4.1    Historical Trend (2018-2022)
            8.6.4.2    Forecast Trend (2023-2028)
        8.6.5    Others
    8.7    Global Consumer IoT Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2022)
            8.7.1.2    Forecast Trend (2023-2028)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2022)
            8.7.2.2    Forecast Trend (2023-2028)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2022)
            8.7.3.2    Forecast Trend (2023-2028)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2022)
            8.7.4.2    Forecast Trend (2023-2028)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2022)
            8.7.5.2    Forecast Trend (2023-2028)
9    North America Consumer IoT Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2022)
        9.1.2    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Historical Trend (2018-2022)
        9.2.2    Forecast Trend (2023-2028)
10    Europe Consumer IoT Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2022)
        10.1.2    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Historical Trend (2018-2022)
        10.2.2    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Historical Trend (2018-2022)
        10.3.2    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Historical Trend (2018-2022)
        10.4.2    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Consumer IoT Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2022)
        11.1.2    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Historical Trend (2018-2022)
        11.2.2    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Historical Trend (2018-2022)
        11.3.2    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2022)
        11.4.2    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Historical Trend (2018-2022)
        11.5.2    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Consumer IoT Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2022)
        12.1.2    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2022)
        12.2.2    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2022)
        12.3.2    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Consumer IoT Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2022)
        13.1.2    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2022)
        13.2.2    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2022)
        13.3.2    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2022)
        13.4.2    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price  
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    IBM Corporation
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Amazon Web Services, Inc. 
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Intel Corporation 
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Hewlett Packard Enterprise Development LP 
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Microsoft Corporation 
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Schneider Electric SE 
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    TE Connectivity Ltd. 
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Texas Instruments Incorporated 
            15.2.8.1    Company Overview
            15.2.8.2    Product Portfolio
            15.2.8.3    Demographic Reach and Achievements
            15.2.8.4    Certifications
        15.2.9    NXP Semiconductors N.V. 
            15.2.9.1    Company Overview
            15.2.9.2    Product Portfolio
            15.2.9.3    Demographic Reach and Achievements
            15.2.9.4    Certifications
        15.2.10    Infineon Technologies AG
            15.2.10.1    Company Overview
            15.2.10.2    Product Portfolio
            15.2.10.3    Demographic Reach and Achievements
            15.2.10.4    Certifications
        15.2.11    Others
16    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Consumer IoT Market: Key Industry Highlights, 2018 and 2028
2.    Global Consumer IoT Historical Market: Breakup by Offering (USD Billion), 2018-2022
3.    Global Consumer IoT Market Forecast: Breakup by Offering (USD Billion), 2023-2028
4.    Global Consumer IoT Historical Market: Breakup by Connectivity (USD Billion), 2018-2022
5.    Global Consumer IoT Market Forecast: Breakup by Connectivity (USD Billion), 2023-2028
6.    Global Consumer IoT Historical Market: Breakup by Application (USD Billion), 2018-2022
7.    Global Consumer IoT Market Forecast: Breakup by Application (USD Billion), 2023-2028
8.    Global Consumer IoT Historical Market: Breakup by Region (USD Billion), 2018-2022
9.    Global Consumer IoT Market Forecast: Breakup by Region (USD Billion), 2023-2028
10.    North America Consumer IoT Historical Market: Breakup by Country (USD Billion), 2018-2022
11.    North America Consumer IoT Market Forecast: Breakup by Country (USD Billion), 2023-2028
12.    Europe Consumer IoT Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    Europe Consumer IoT Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Asia Pacific Consumer IoT Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Asia Pacific Consumer IoT Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Latin America Consumer IoT Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Latin America Consumer IoT Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Middle East and Africa Consumer IoT Historical Market: Breakup by Country (USD Billion), 2018-2022
19.    Middle East and Africa Consumer IoT Market Forecast: Breakup by Country (USD Billion), 2023-2028
20.    Global Consumer IoT Market Structure

Key Questions Answered in the Report

What was the consumer IoT market value in 2022?

The market reached a value of nearly USD 227.00 billion in 2022.

What is the growth rate of the consumer IoT market?

The market is estimated to grow at a CAGR of 11.2% between 2023 and 2028.

What is the forecast outlook of the consumer IoT market for 2023-2028?

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach a value of around USD 432.28 billion by 2028.

What are the major market drivers?

The rising popularity of consumer IoT devices such as smart light switches and smart locks, the heightening penetration of consumer IoT in hybrid and electric vehicles, and the growing adoption of home automation systems to optimise energy efficiency are the major drivers of the market.

What are the key trends of the market?

The key trends in the market include the emergence of healthcare IoT technology and the rapid adoption of IoT wearables for personal healthcare purposes.

What are the different segments based on the offerings of consumer IoT?

Hardware, software, and services are the different segments based on the offerings of consumer IoT.

What are the major segments based on the connectivity of consumer IoT?

Wired and wireless are the major segments based on the connectivity of consumer IoT.

Who are the key market players, according to the consumer IoT market report?

Microsoft Corporation, IBM Corporation, Amazon Web Services, Inc., Intel Corporation, Hewlett Packard Enterprise Development LP, Schneider Electric SE, TE Connectivity Ltd., Texas Instruments Incorporated, NXP Semiconductors N.V., and Infineon Technologies AG, among others, are the key market players.

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