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    Smart Connected Devices Market Size

    ID: MRFR/SEM/4213-HCR
    100 Pages
    Shubham Munde
    September 2025

    Smart Connected Devices Market Research Report Information By Product (Smartphones, Smart Watch, Smart Glasses, Wireless Printers, Smart Meters, Smart Cameras, Connected Bulbs, Smart Locks), End User (Industrial, Commercial, Residential)- Industry Forecast Till 2032

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    Smart Connected Devices Market Infographic
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    Smart Connected Devices Size

    Smart Connected Devices Market Growth Projections and Opportunities

    The Smart Connected Devices Market is profoundly influenced by various market factors that collectively shape its growth and evolution. One pivotal driver is the increasing demand for connectivity and seamless integration of smart devices into daily life. The surge in consumer preferences for smart homes, wearables, and connected appliances has fueled the market's expansion. The desire for enhanced convenience, efficiency, and the ability to control devices remotely drives the adoption of smart connected devices across diverse sectors.

    Technological advancements play a central role in propelling the Smart Connected Devices Market forward. The continuous evolution of wireless communication technologies, such as Bluetooth, Wi-Fi, and 5G, enhances the connectivity and interoperability of smart devices. Additionally, the integration of advanced sensors, artificial intelligence (AI), and Internet of Things (IoT) technologies contributes to the intelligence and autonomy of smart connected devices. This technological convergence enables devices to collect and analyze data, adapt to user preferences, and communicate seamlessly within smart ecosystems.

    The rise of smart homes is a significant contributor to the growth of the Smart Connected Devices Market. Home automation systems, connected security devices, smart lighting, and thermostats are increasingly becoming integral components of modern households. The convenience of controlling various aspects of home environments through smartphones and voice-activated assistants contributes to the widespread adoption of smart connected devices in residential settings.

    The healthcare sector is another pivotal driver for the Smart Connected Devices Market. Wearable devices, such as fitness trackers and smartwatches, enable individuals to monitor their health in real-time, promoting preventive healthcare practices. The integration of smart medical devices, like remote patient monitoring systems and connected insulin pumps, enhances healthcare delivery by providing continuous data to healthcare professionals. The growing emphasis on telemedicine and remote patient care further amplifies the role of smart connected devices in the healthcare landscape.

    Government initiatives and regulatory support also influence the Smart Connected Devices Market. Policies promoting smart city initiatives, energy efficiency, and digital transformation contribute to the integration of connected devices in urban planning, transportation, and public services. Additionally, regulatory frameworks ensuring data privacy and security play a crucial role in shaping the market, as consumers and businesses prioritize the protection of their sensitive information.

    The industrial sector embraces the concept of Industry 4.0, driving the adoption of smart connected devices in manufacturing processes. The implementation of IoT-enabled sensors and connected machinery enhances automation, improves operational efficiency, and enables predictive maintenance. Smart connected devices contribute to the evolution of smart factories, where real-time data analytics and connectivity streamline production processes and facilitate agile decision-making.

    Market competition and the presence of key players contribute to the dynamism of the Smart Connected Devices Market. Established technology companies and startups continuously innovate to offer diverse and sophisticated smart devices. Strategic partnerships, collaborations, and mergers and acquisitions are common strategies employed by market players to enhance their product portfolios, expand market reach, and stay competitive in the rapidly evolving landscape.

    Smart Connected Devices Market Size Graph

    Market Summary

    As per Market Research Future Analysis, the Smart Connected Devices Market was valued at USD 21.5 billion in 2023 and is projected to grow from USD 26.1 billion in 2024 to USD 123.4 billion by 2032, with a CAGR of 21.4% during the forecast period. The market is driven by increasing demand for IoT and cloud-based platforms, alongside technological advancements that enhance energy efficiency and comfort. However, challenges such as the complexity of system upgrades and budget constraints may hinder growth. The APAC region is expected to lead market expansion, supported by government initiatives and investments in smart connected systems.

    Key Market Trends & Highlights

    The Smart Connected Devices Market is experiencing rapid growth driven by technological advancements and increasing consumer demand.

    • Market Size in 2023: USD 21.5 billion
    • Projected Market Size by 2032: USD 123.4 billion
    • CAGR from 2024 to 2032: 21.4%
    • APAC region expected to grow at the highest rate during the forecast period

    Market Size & Forecast

    2023 Market Size USD 21.5 billion
    2024 Market Size USD 26.1 billion
    2032 Market Size USD 123.4 billion
    CAGR (2024-2032) 21.4%

    Major Players

    Intel Corporation, Broadcom Corporation, Texas Instruments, ABB Ltd, Google, Amazon

    Market Trends

    The proliferation of smart connected devices is reshaping consumer interactions and driving innovation across various sectors, indicating a transformative shift in technology adoption.

    U.S. Department of Commerce

    Smart Connected Devices Market Market Drivers

    Rising Consumer Demand for Smart Devices

    The Global Smart Connected Devices Market Industry experiences a notable surge in consumer demand for smart devices, driven by the increasing integration of technology into daily life. In 2024, the market is projected to reach 26.1 USD Billion, reflecting a growing preference for devices that enhance convenience and connectivity. Consumers are increasingly seeking smart home devices, wearables, and connected appliances that offer seamless integration with their lifestyles. This trend indicates a shift towards a more connected living environment, where devices communicate and collaborate, thereby improving user experience and efficiency.

    Market Segment Insights

    Regional Insights

    Key Companies in the Smart Connected Devices Market market include

    Industry Developments

    Amazon:

      • September 28, 2023- Launched "Astro," a home robot offering security, companionship, and entertainment features.
      • February 8, 2024- Partnered with Qualcomm to develop edge computing solutions for smart devices.

    Google:

      • July 28, 2023- Unveiled the Pixel Buds Pro with improved noise cancellation and multipoint connectivity.
      • January 4, 2024- Announced advancements in its Matter smart home platform.

    Intended Audience

      • Potential Market Investors
      • Smart Connected Device Manufacturers And Vendors
      • Enterprises, Business and Corporate Entities
      • Research And Development Institutions
      • Company Headquarters
      • Management and Marketing Systems
      • Government and Public Entities
      • Members of Public Associations Functioning for the Benefit of Established Companies
      • Startups

    Future Outlook

    Smart Connected Devices Market Future Outlook

    The Smart Connected Devices Market is poised for robust growth at 21.42% CAGR from 2024 to 2035, driven by advancements in IoT, AI integration, and consumer demand for automation.

    New opportunities lie in:

    • Develop AI-driven analytics platforms for enhanced device interoperability.
    • Invest in sustainable materials for eco-friendly smart devices.
    • Create subscription models for software updates and device management services.

    By 2035, the Smart Connected Devices Market is expected to achieve substantial growth, reflecting evolving consumer preferences and technological advancements.

    Market Segmentation

    Smart Connected Devices Module Outlook

    • Hardware
    • APM software & platform
    • Service

    Smart Connected Devices Industry Outlook

    • Automotive & Transportation
    • Energy & Power
    • Healthcare
    • Smart Agriculture
    • Factory Automation
    • Others (Metal & Mining, Food & beverage, and Textile)
    • Americas
    • Europe
    • APAC
    • RoW
    • Intel Corporation (U.S.)
    • iSolution international Pvt. Ltd ( Philippines)
    • Broadcom Corporation (U.S.)
    • OMCS International (U.S.)
    • Freescale Semiconductor, Inc. (U.S.)
    • Maintenance Assistant Inc. (U.S.)
    • ARM holding plc (U.K.)
    • Bentley systems incorporated (U.S.)
    • Texas Instruments (U.S.)
    • Cypress Semiconductor (U.S.)
    • ABB Ltd (Switzerland)
    • Rockwell Automation (U.S.)
    • NXP Semiconductor (Netherlands)
    • September 28, 2023- Launched "Astro," a home robot offering security, companionship, and entertainment features.
    • February 8, 2024- Partnered with Qualcomm to develop edge computing solutions for smart devices.
    • July 28, 2023- Unveiled the Pixel Buds Pro with improved noise cancellation and multipoint connectivity.
    • January 4, 2024- Announced advancements in its Matter smart home platform.
    • Potential Market Investors
    • Smart Connected Device Manufacturers And Vendors
    • Enterprises, Business and Corporate Entities
    • Research And Development Institutions
    • Company Headquarters
    • Management and Marketing Systems
    • Government and Public Entities
    • Members of Public Associations Functioning for the Benefit of Established Companies
    • Startups

    Report Scope

    Report Attribute/Metric Details
    Market Size 2032 123.4 Billion
    CAGR 21.4%
    Base Year 2023
    Forecast Period 2024-2032
    Historical Data 2018 and 2022
    Forecast Units Value (USD Million)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Segments Covered By Module, Industry and Geography
    Geographies Covered North America, Europe, Asia-Pacific, and Rest of the World (RoW)
    Key Vendors Sony Corporation (Japan), Samsung Electronics Co. Ltd. (South Korea), Motorola Solutions Inc. (U.S.), Nokia Networks (Finland), LG Corporation (South Korea), Hewlett-Packard (U.S.), HTC Corporation (Taiwan), Apple Inc. (U.S.), Dell Inc. (U.S.), Gionee Communication Equipment Co. Ltd (China), Micromax Informatics (India), Videocon Industries Ltd. (India), Acer Inc. (Taiwan), Lenovo Group Ltd. (Hong Kong), Blackberry Ltd. (Canada), and ZTE Corporation (China)
    Key Market Opportunities The growth of the market in North America is attributed to technological advancements and increased adoption of smart connected devices across various industry verticals.
    Key Market Drivers ·  Major factors driving the growth of smart connected devices market include the growing demand for smartphones, tablets, and other smart devices and growing popularity of bringing your own device.·  Increasing demand for mobile smart connected devices is expected to drive the growth of the global smart connected devices market.

    Market Highlights

    Author

    Shubham Munde
    Research Analyst Level II

    She holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

    Leave a Comment

    Latest Comments

    John Doe

    This is a great article! Really helped me understand the topic better.

    Posted on July 23, 2025, 10:15 AM
    Jane Smith

    Thanks for sharing this. I’ve bookmarked it for later reference.

    Posted on July 22, 2025, 7:45 PM

    FAQs

    What are the major tailwinds pushing the growth of the global smart connected devices market?

    Growing demand for smart devices, such as smartphones, tablets and BYOD trend are the major tailwinds pushing the growth of the global smart connected devices market.

    Which is the major segment in the global smart connected devices market?

    Smart locks by product is the largest segment in the global smart connected devices market.

    Who are the top players in the global smart connected devices market?

    Samsung Electronics Co. Ltd. (South Korea), Sony Corporation (Japan), Motorola Solutions Inc. (U.S.), LG Corporation (South Korea), Nokia Networks (Finland), Hewlett- Packard (U.S.), Apple Inc. (U.S.), HTC Corporation (Taiwan), Dell Inc. (U.S.), Micromax Informatics (India), Gionee Communication Equipment Co. Ltd (China), Videocon Industries Ltd. (India), Lenovo Group Ltd. (Hong Kong), Acer Inc. (Taiwan), ZTE Corporation (China), and Blackberry Ltd. (Canada), are some of the top players operating in the global smart connected devices market.

    1. 'TABLE OF CONTENTS
      1. Market Definition
      2. Scope of the Study
        1. Research Objectives
        2. Assumptions & Limitations
      3. Markets Structure
      4. Research Process
      5. Secondary Research
      6. Primary Research
      7. Forecast Model
      8. Porter’s Five Forces Analysis
        1. Threat of New Entrants
        2. Bargaining power of buyers
        3. Threat of substitutes
        4. Segment rivalry
      9. Value
    2. Chain/Supply Chain of Global Smart Connected Devices Market
    3. of Global Smart Connected Devices Market
      1. Introduction
      2. Growth Drivers
      3. Impact analysis
      4. Market Challenges
      5. Introduction
      6. Growth Trends
      7. Impact analysis
      8. Introduction
      9. Media Players
        1. Market
    4. Estimates & Forecast, 2024-2032
      1. Market Estimates & Forecast by Region, 2024-2032
      2. Smart Watch
        1. Market Estimates & Forecast
        2. Market Estimates & Forecast by Region, 2024-2032
      3. Smart Band
        1. Market Estimates & Forecast, 2024-2032
        2. Market
    5. Estimates & Forecast by Region, 2024-2032
      1. Smart Glasses
    6. Market Estimates & Forecast, 2024-2032
      1. Market Estimates & Forecast by Region, 2024-2032
      2. Smart Clothing
        1. Market Estimates & Forecast
        2. Market Estimates & Forecast by Region, 2024-2032
      3. Wireless Printers
        1. Market Estimates & Forecast, 2024-2032
    7. Market Estimates & Forecast by Region, 2024-2032
      1. Smart Meters
    8. Market Estimates & Forecast, 2024-2032
      1. Market Estimates & Forecast by Region, 2024-2032
      2. Smart Cameras
        1. Market Estimates & Forecast
        2. Market Estimates & Forecast by Region, 2024-2032
      3. Connected Bulbs
        1. Market Estimates & Forecast, 2024-2032
    9. Market Estimates & Forecast by Region, 2024-2032
      1. Smart Locks
    10. Market Estimates & Forecast, 2024-2032
      1. Market Estimates & Forecast by Region, 2024-2032
      2. Smart Thermostats
        1. Market Estimates & Forecast, 2024-2032
        2. Market Estimates & Forecast by Region, 2024-2032
      3. Smart Home Appliances
        1. Market Estimates & Forecast, 2024-2032
        2. Market Estimates & Forecast by Region, 2024-2032
      4. Smartphones
        1. Market Estimates & Forecast, 2024-2032
        2. Market Estimates
    11. & Forecast by Region, 2024-2032
      1. Tablets
        1. Market Estimates & Forecast, 2024-2032
        2. Market Estimates & Forecast by Region
      2. Introduction
      3. Industrial
        1. Market Estimates & Forecast, 2024-2032
    12. Market Estimates & Forecast by Region, 2024-2032
      1. Commercial
    13. Market Estimates & Forecast, 2024-2032
      1. Market Estimates & Forecast by Region, 2024-2032
      2. Residential
        1. Market Estimates & Forecast
        2. Market Estimates & Forecast by Region, 2024-2032
    14. Global Smart Connected Devices Market by Region
      1. Introduction
      2. North America
        1. Market Estimates & Forecast, 2024-2032
        2. Market
    15. Estimates & Forecast by Product, 2024-2032
      1. Market Estimates
    16. Forecast by End User, 2024-2032
      1. U.S.
        1. Market Estimates & Forecast, 2024-2032
        2. Canada
    17. & Forecast by Product, 2024-2032
      1. Market Estimates & Forecast
    18. by End User, 2024-2032
      1. Mexico
        1. Market Estimates & Forecast
      2. Europe
        1. Market Estimates & Forecast, 2024-2032
        2. Market Estimates
    19. Forecast by Product, 2024-2032
      1. Market Estimates & Forecast by End User, 2024-2032
        1. Germany
        2. France
    20. Estimates & Forecast by Product, 2024-2032
      1. Market Estimates
    21. Forecast by End User, 2024-2032
      1. Italy
        1. Market Estimates & Forecast, 2024-2032
        2. Spain
    22. & Forecast by Product, 2024-2032
      1. Market Estimates & Forecast
    23. by End User 2024-2032
      1. U.K
        1. Market Estimates & Forecast
      2. Asia Pacific
        1. Market Estimates & Forecast, 2024-2032
        2. Market
    24. Estimates & Forecast by Product, 2024-2032
      1. Market Estimates
    25. Forecast by End User, 2024-2032
      1. China
        1. Market Estimates & Forecast, 2024-2032
        2. India
    26. & Forecast by Product, 2024-2032
      1. Market Estimates & Forecast
    27. by End User, 2024-2032
      1. Japan
        1. Market Estimates & Forecast
        2. Rest of Asia Pacific
    28. Market Estimates & Forecast by Product, 2024-2032
      1. Market Estimates
    29. & Forecast by End User, 2024-2032
      1. Rest of the World
        1. Market
    30. Estimates & Forecast, 2024-2032
      1. Market Estimates & Forecast by Product, 2024-2032
        1. Market Estimates & Forecast by End User, 2024-2032
        2. The Middle East & Africa
        3. Latin America
    31. Estimates & Forecast by Product, 2024-2032
      1. Market Estimates
    32. Forecast by End User, 2024-2032
      1. Sony Corporation (Japan)
        1. Company Overview
        2. Product/Business Segment Overview
        3. Financial Updates
        4. Key Developments
      2. Samsung Electronics Co. Ltd. (South Korea)
        1. Company Overview
        2. Product/Business Segment Overview
        3. Financial Updates
        4. Key Developments
      3. Motorola Solutions Inc. (U.S.)
        1. Company Overview
        2. Product/Business Segment Overview
        3. Financial Updates
        4. Key Developments
      4. Nokia Networks (Finland)
        1. Company Overview
        2. Product/Business Segment Overview
        3. Financial Updates
        4. Key Developments
      5. LG Corporation (South Korea)
        1. Company Overview
        2. Product/Business Segment Overview
        3. Financial Updates
        4. Key Developments
      6. Hewlett-Packard (U.S.)
        1. Company Overview
        2. Product/Business Segment Overview
        3. Financial Updates
        4. Key Developments
      7. HTC Corporation (Taiwan)
        1. Company Overview
        2. Product/Business Segment Overview
        3. Financial Updates
        4. Key Developments
      8. Apple Inc. (U.S.)
        1. Company Overview
        2. Product/Business Segment Overview
        3. Financial Updates
        4. Key Developments
      9. Dell Inc. (U.S.)
        1. Company Overview
        2. Product/Business Segment Overview
        3. Financial Updates
        4. Key Developments
      10. Gionee Communication Equipment Co. Ltd (China)
        1. Company Overview
        2. Product/Business Segment Overview
        3. Financial Updates
        4. Key Developments
      11. Micromax Informatics (India)
        1. Company Overview
        2. Product/Business Segment Overview
        3. Financial Updates
        4. Key Developments
      12. Videocon Industries Ltd. (India)
        1. Company Overview
        2. Product/Business Segment Overview
        3. Financial Updates
        4. Key Developments
      13. Acer Inc. (Taiwan)
        1. Company Overview
        2. Product/Business Segment Overview
        3. Financial Updates
        4. Key Developments
      14. Lenovo Group Ltd. (Hong Kong)
        1. Company Overview
        2. Product/Business Segment Overview
        3. Financial Updates
        4. Key Developments
      15. Blackberry Ltd. (Canada)
        1. Company Overview
        2. Product/Business Segment Overview
        3. Financial Updates
        4. Key Developments
      16. ZTE Corporation (China)
        1. Company Overview
        2. Product/Business Segment Overview
        3. Financial Updates
        4. Key Developments
    33. Devices Market: By Region, 2024-2032
    34. Devices Market: By Country, 2024-2032
    35. Market: By Country, 2024-2032
    36. Market: By Country, 2024-2032
    37. Devices Market: By Country, 2024-2032
    38. Devices Market: By Country, 2024-2032
    39. by Product Market: By Regions, 2024-2032
    40. Devices by Product Market: By Country, 2024-2032
    41. Devices by Product Market: By Country, 2024-2032
    42. Connected Devices by Product Market: By Country, 2024-2032
    43. & Africa Smart Connected Devices by Product Market: By Country, 2024-2032
    44. 2024-2032 By Country, 2024-2032
    45. by End User Market: By Country, 2024-2032
    46. Devices by End User Market: By Country, 2024-2032 By Region, 2024-2032
    47. North America Smart Connected Devices Market, By Product
    48. Smart Connected Devices Market, By End User
    49. Devices Market, By Country By Product
    50. Asia-Pacific: Smart Connected Devices Market, By Country
    51. Smart Connected Devices Market, By Product
    52. Devices Market, By End User
    53. Devices Market, By Country
    54. Devices Market, By Product
    55. Devices Market, By End User Market, By Country Product  
    56. Forces Analysis of Global Smart Connected Devices Market
    57. of Global Smart Connected Devices Market
    58. Devices Market in 2020, by country (in %) Market, 2024-2032
    59. Connected Devices Market size by Product, 2020
    60. Connected Devices Market by Product, 2024 TO 2032
    61. Devices Market size by End User, 2020
    62. Devices Market by End User, 2024 TO 2032'

    Smart Connected Devices Market Segmentation

    Market Segmentation Overview

    • Detailed segmentation data will be available in the full report
    • Comprehensive analysis by multiple parameters
    • Regional and country-level breakdowns
    • Market size forecasts by segment
    Infographic

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