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US IoT Consumer Electronics Market

ID: MRFR/SEM/14752-HCR
200 Pages
Garvit Vyas
October 2025

US IoT Consumer Electronics Market Research Report: By Product (Smart TV, Smartphones, Wearable Devices, Kitchen Appliances, Others) and By Connectivity (Bluetooth, NFC, Wi-Fi, Others) - Forecast to 2035

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US IoT Consumer Electronics Market Summary

As per MRFR analysis, the US IoT Consumer-Electronics Market Size was estimated at 13.5 USD Billion in 2024. The US iot consumer-electronics market is projected to grow from 15.64 USD Billion in 2025 to 68.1 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 15.85% during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The US IoT consumer-electronics market is experiencing robust growth driven by technological advancements and evolving consumer preferences.

  • The largest segment in the US IoT consumer-electronics market is smart home devices, while wearables represent the fastest-growing segment.
  • Increased interconnectivity among devices is enhancing user experience and driving market expansion.
  • A heightened focus on security measures is becoming essential as consumers prioritize data privacy and protection.
  • Rising consumer demand for smart devices and advancements in connectivity technologies are key drivers propelling market growth.

Market Size & Forecast

2024 Market Size 13.5 (USD Billion)
2035 Market Size 68.1 (USD Billion)

Major Players

Apple Inc (US), Samsung Electronics (KR), Amazon.com Inc (US), Google LLC (US), Microsoft Corporation (US), Sony Corporation (JP), LG Electronics (KR), Xiaomi Corporation (CN), Philips Electronics (NL)

US IoT Consumer Electronics Market Trends

The iot consumer-electronics market is currently experiencing a transformative phase, characterized by rapid technological advancements and increasing consumer adoption. The proliferation of smart devices, such as home assistants, smart appliances, and wearable technology, appears to be reshaping the landscape of everyday life. Consumers are increasingly drawn to the convenience and efficiency offered by these interconnected devices, which facilitate seamless integration into their daily routines. This trend is likely to continue as manufacturers innovate and enhance product functionalities, making them more appealing to a broader audience. Moreover, the emphasis on sustainability and energy efficiency is becoming more pronounced within the iot consumer-electronics market. As environmental concerns gain traction, consumers are showing a preference for products that not only meet their technological needs but also align with their values regarding sustainability. This shift suggests that companies may need to prioritize eco-friendly practices in their product development and marketing strategies to remain competitive. Overall, the current landscape indicates a dynamic interplay between technology, consumer preferences, and environmental considerations, shaping the future of the iot consumer-electronics market.

Increased Interconnectivity

The trend towards enhanced interconnectivity among devices is evident, as consumers seek seamless integration across various platforms. This interconnectedness allows for improved user experiences, enabling devices to communicate and function together more effectively. As a result, manufacturers are focusing on developing products that can easily connect with existing ecosystems, thereby enhancing their appeal.

Focus on Security

With the rise of smart devices, concerns regarding data privacy and security have become paramount. Consumers are increasingly aware of the potential risks associated with connected devices, prompting manufacturers to prioritize robust security measures. This focus on safeguarding user data is likely to influence product design and marketing strategies in the iot consumer-electronics market.

Sustainability Initiatives

The growing emphasis on sustainability is shaping consumer preferences within the iot consumer-electronics market. As environmental awareness rises, consumers are gravitating towards products that demonstrate eco-friendly practices. Companies are responding by integrating sustainable materials and energy-efficient technologies into their offerings, reflecting a commitment to environmental responsibility.

US IoT Consumer Electronics Market Drivers

Growing Importance of Data Privacy

Data privacy has emerged as a significant concern within the iot consumer-electronics market. As more devices become interconnected, the potential for data breaches increases, prompting consumers to prioritize security features. Manufacturers are responding by implementing robust security measures and transparent data handling practices. Recent surveys indicate that over 60% of consumers are willing to pay a premium for devices that offer enhanced data protection. This growing emphasis on privacy is likely to influence purchasing decisions, shaping the competitive landscape of the iot consumer-electronics market as companies strive to build trust with consumers.

Increased Focus on Energy Efficiency

Energy efficiency has become a critical driver in the iot consumer-electronics market. With rising energy costs and growing environmental concerns, consumers are increasingly seeking devices that minimize energy consumption. Many manufacturers are responding by developing smart appliances and gadgets that optimize energy use, thereby appealing to eco-conscious consumers. Reports indicate that energy-efficient devices can reduce energy consumption by up to 30%, making them attractive options for households. This focus on sustainability is likely to shape product offerings in the iot consumer-electronics market, as companies strive to meet consumer expectations while adhering to regulatory standards.

Integration of Artificial Intelligence

The integration of artificial intelligence (AI) into consumer electronics is transforming the iot consumer-electronics market. AI technologies enable devices to learn from user behavior, providing personalized experiences and enhancing functionality. For instance, smart home systems can adapt to individual preferences, optimizing energy use and improving security. As AI capabilities continue to evolve, they are expected to play a pivotal role in the development of new products and services within the iot consumer-electronics market. This trend not only enhances user engagement but also drives innovation, as companies seek to leverage AI to differentiate their offerings.

Rising Consumer Demand for Smart Devices

The IoT Consumer-Electronics Market is experiencing a notable surge in consumer demand for smart devices. This trend is driven by the increasing integration of technology into daily life, with consumers seeking convenience and enhanced functionality. According to recent data, approximately 70% of households in the US own at least one smart device, indicating a strong market presence. The proliferation of smart home products, such as smart speakers, thermostats, and security systems, reflects this growing interest. As consumers become more accustomed to the benefits of interconnected devices, the demand for innovative solutions in the iot consumer-electronics market is likely to escalate, pushing manufacturers to develop more advanced and user-friendly products.

Advancements in Connectivity Technologies

The iot consumer-electronics market is significantly influenced by advancements in connectivity technologies. Innovations such as 5G networks and Wi-Fi 6 are enhancing the performance and reliability of smart devices. These technologies enable faster data transmission and improved connectivity, which are crucial for the seamless operation of IoT devices. As of November 2025, it is estimated that 5G adoption in the US has reached around 50%, facilitating the growth of the iot consumer-electronics market. Enhanced connectivity not only improves user experience but also encourages the development of new applications and services, further driving market expansion.

Market Segment Insights

By Type: Smartphones (Largest) vs. Smart TVs (Fastest-Growing)

In the US iot consumer-electronics market, the distribution of market share among segment values is notably dominated by smartphones, which provide versatile communication and entertainment functionalities, appealing to a wide consumer base. Smart TVs follow as a significant segment, increasingly appealing to consumers with integrated streaming services and smart features, contributing to their strong market presence. Growth trends indicate a remarkable surge in the adoption of smart TVs, driven by consumer demand for advanced viewing experiences and enhanced connectivity. Conversely, smartphones continue to thrive due to their essential role in daily life, constant innovation, and integration with smart home ecosystems. This combination of factors ensures a dynamic and competitive landscape within the segment.

Smartphones (Dominant) vs. Smart TVs (Emerging)

Smartphones represent the dominant force in the US iot consumer-electronics market, being a foundational device in everyday life for communication, entertainment, and personal management. Their multifunctionality fosters continuous consumer engagement, driving regular upgrades and feature enhancements. In contrast, smart TVs have emerged as an increasingly popular segment, appealing to consumers with their capacity to deliver high-quality content and seamless app integrations. With the rise of streaming services and smart home technology compatibility, smart TVs are witnessing rapid growth as they offer a more interactive and engaging viewing experience, positioning themselves as a key player in the connected home ecosystem.

By Connectivity: Wi-Fi (Largest) vs. Bluetooth (Fastest-Growing)

In the US iot consumer-electronics market, the connectivity segment is characterized by a diverse range of technologies. Wi-Fi leads this segment with a significant market share, driven by its widespread adoption in various consumer devices. Bluetooth follows as a crucial player, showcasing robust growth as more devices integrate wireless technologies for better interoperability. NFC and other technologies also hold their ground but struggle to match the dominance of Wi-Fi and the rapid ascent of Bluetooth. The growth trends within the connectivity segment are largely influenced by the rising demand for seamless connectivity in smart home devices and wearables. Bluetooth technology is experiencing a surge due to innovations in audio and wearable devices, leading to its designation as the fastest-growing technology. Meanwhile, Wi-Fi continues to thrive as new standards emerge, facilitating higher data rates and improved connectivity in a broader range of applications, from entertainment to smart appliances.

Wi-Fi (Dominant) vs. Bluetooth (Emerging)

Wi-Fi remains the dominant force in the connectivity segment, primarily due to its ability to provide high-speed internet access and support for multiple devices simultaneously. It is the backbone of smart home gadgets and has become essential in various consumer electronics, allowing for a seamless experience. On the other hand, Bluetooth, while currently in the emerging stage of growth, is rapidly gaining traction, especially in audio and wearable devices. Its low power consumption and ease of connectivity make it ideal for a plethora of applications, ensuring it remains a vital component of the US iot consumer-electronics market. As both technologies evolve, their integration into innovative devices is expected to enhance user experiences and drive adoption further.

Get more detailed insights about US IoT Consumer Electronics Market

Key Players and Competitive Insights

The iot consumer-electronics market is characterized by intense competition and rapid innovation, driven by increasing consumer demand for smart devices and interconnected systems. Major players such as Apple Inc (US), Amazon.com Inc (US), and Google LLC (US) are at the forefront, each adopting distinct strategies to enhance their market presence. Apple Inc (US) continues to focus on integrating its ecosystem, emphasizing seamless connectivity across devices, while Amazon.com Inc (US) leverages its extensive distribution network to enhance accessibility and affordability of smart home products. Google LLC (US) is investing heavily in artificial intelligence to improve user experience and functionality in its smart devices, indicating a trend towards more intelligent and responsive consumer electronics.

The competitive structure of the market appears moderately fragmented, with a mix of established giants and emerging players. Key tactics such as localizing manufacturing and optimizing supply chains are becoming increasingly prevalent as companies seek to reduce costs and improve efficiency. This collective approach not only enhances operational capabilities but also allows for quicker responses to market demands, thereby shaping a dynamic competitive environment.

In October 2025, Amazon.com Inc (US) announced the launch of a new line of smart home devices that integrate with its Alexa platform, aiming to create a more cohesive smart home experience. This strategic move is significant as it reinforces Amazon's commitment to dominating the smart home segment, potentially increasing its market share and customer loyalty. By enhancing interoperability among devices, Amazon is likely to attract a broader consumer base, further solidifying its competitive position.

In September 2025, Google LLC (US) unveiled advancements in its Nest product line, incorporating enhanced AI capabilities that allow for predictive analytics in energy consumption. This development is crucial as it not only addresses growing consumer concerns regarding energy efficiency but also positions Google as a leader in sustainable technology. The integration of AI into everyday devices suggests a shift towards more intelligent solutions that cater to both convenience and environmental considerations.

In August 2025, Apple Inc (US) expanded its HomeKit platform to include partnerships with several third-party manufacturers, enhancing the compatibility of its ecosystem. This strategic alliance is indicative of Apple's recognition of the importance of interoperability in the smart home market. By fostering collaboration with other brands, Apple is likely to enhance user experience and drive adoption of its ecosystem, thereby reinforcing its competitive edge.

As of November 2025, the competitive landscape is increasingly defined by trends such as digitalization, sustainability, and AI integration. Strategic alliances among key players are shaping the market, fostering innovation and enhancing product offerings. Looking ahead, competitive differentiation is expected to evolve, with a notable shift from price-based competition to a focus on innovation, technology, and supply chain reliability. Companies that prioritize these aspects are likely to thrive in an increasingly complex and interconnected market.

Key Companies in the US IoT Consumer Electronics Market market include

Industry Developments

Recent developments in the US IoT Consumer Electronics Market reflect significant advancements and expansions. Companies such as Amazon and Google are notably increasing their investment in home automation technologies, enhancing device interconnectivity and user experience. In September 2023, LG Electronics announced plans for a new line of smart appliances that leverage AI to improve energy efficiency and user convenience. Meanwhile, in October 2023, Microsoft unveiled updates to its Azure IoT platform, targeting increased security and scalability for IoT applications relevant to consumer electronics. 

Mergers and acquisitions have also marked this market, with Philips acquiring a smart lighting company in August 2023 to bolster its IoT product portfolio. Furthermore, the growing interest in smart home devices has propelled companies like Ring and Nest Labs to innovate rapidly, contributing to a projected increase in market valuation. The integration of IoT technologies has led to enhanced consumer engagement and smarter ecosystems within homes, creating a vibrant landscape for both established and emerging players, including Hyundai and Samsung, who are expanding their IoT offerings to capture a larger market share.

As of recent estimates, the US IoT Consumer Electronics Market is expected to grow significantly, driven largely by consumer demand for connectivity and automation.

Future Outlook

US IoT Consumer Electronics Market Future Outlook

The IoT consumer-electronics market is projected to grow at a 15.85% CAGR from 2024 to 2035, driven by advancements in connectivity, consumer demand, and smart home integration.

New opportunities lie in:

  • Development of AI-driven smart home ecosystems
  • Expansion of subscription-based IoT services
  • Integration of IoT with renewable energy solutions

By 2035, the market is expected to achieve substantial growth, driven by innovation and consumer adoption.

Market Segmentation

US IoT Consumer Electronics Market Type Outlook

  • Smart TVs
  • Smartphones
  • Wearable Devices
  • Kitchen Appliances
  • Others

US IoT Consumer Electronics Market Connectivity Outlook

  • Bluetooth
  • NFC
  • Wi-Fi
  • Others

Report Scope

MARKET SIZE 2024 13.5(USD Billion)
MARKET SIZE 2025 15.64(USD Billion)
MARKET SIZE 2035 68.1(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR) 15.85% (2024 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
Market Forecast Period 2025 - 2035
Historical Data 2019 - 2024
Market Forecast Units USD Billion
Key Companies Profiled Apple Inc (US), Samsung Electronics (KR), Amazon.com Inc (US), Google LLC (US), Microsoft Corporation (US), Sony Corporation (JP), LG Electronics (KR), Xiaomi Corporation (CN), Philips Electronics (NL)
Segments Covered Type, Connectivity
Key Market Opportunities Integration of artificial intelligence in smart home devices enhances user experience and operational efficiency.
Key Market Dynamics Rising consumer demand for smart home devices drives innovation and competition in the IoT consumer-electronics market.
Countries Covered US

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FAQs

What is the expected market size of the US IoT Consumer Electronics Market in 2024?

The US IoT Consumer Electronics Market is expected to be valued at 12.62 billion USD in 2024.

How much is the US IoT Consumer Electronics Market projected to grow by 2035?

By 2035, the market is projected to grow to 72.01 billion USD.

What is the expected compound annual growth rate (CAGR) for the US IoT Consumer Electronics Market from 2025 to 2035?

The expected CAGR for the market is 17.154% during the forecast period from 2025 to 2035.

Which product segment is anticipated to generate the highest revenue in the US IoT Consumer Electronics Market by 2035?

The Smart TV segment is anticipated to reach 20.25 billion USD by 2035, generating the highest revenue.

What is the projected market value for smartphones in the US IoT Consumer Electronics Market by 2035?

Smartphones are expected to have a market value of 23.0 billion USD by 2035.

What are the major players in the US IoT Consumer Electronics Market?

Key players include LG Electronics, Microsoft, Sony, Amazon, Google, and Apple among others.

What is the expected market value for wearable devices in 2024?

The market value for wearable devices is expected to be 2.5 billion USD in 2024.

What challenges might impact the US IoT Consumer Electronics Market in the coming years?

Challenges may include rapid technological changes and increasing competition within the market.

How much will the kitchen appliances segment be valued in 2035?

In 2035, the kitchen appliances segment is projected to be valued at 9.8 billion USD.

What is the expected market size for 'Others' segment in 2035?

The 'Others' segment is expected to reach a market value of 6.46 billion USD by 2035.

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