A total of 895 million smart home devices was shipped in 2021, an increase of 11.7% on the previous year, the technology analyst firm IDC says.
In a statement, the company said despite the continuing pandemic and its effect on supply chains, and demand-side shocks, it was confident that that there would be steady growth for this market over the next five years.
Other factors that would push the take-up of these devices are expected to be more broadband penetration and increase in wireless home networks. Fears over privacy, security, costs and inter-operability would act as a brake on take-=up.
“The notion of the ‘smart home’ is well and truly mainstream in many parts of the world now,” said Adam Wright, senior research analyst, Internet of Things: Consumer.
“Smart home devices have proved their merit during the global pandemic as adding meaningful value to people’s lives at home, such as easing social isolation, enhancing home security, and delivering convenience and entertainment, among other benefits.
“As we look ahead, and buoyed by strong demand, the market is poised for solid growth despite ongoing disruptions from supply chains, logistics, and uneven economies across the globe.”
North America had the largest share of shipments with 11.4% growth year-on-year in 2021, followed by the Asia-Pacific region (10.8% growth), Western Europe (14.8% growth) and Latin America (11.2% growth).
“While there’s plenty of growth to be had in the smart home market, there are still challenges ahead as lack of inter-operability and the longevity of smaller OEMs are issues that will negatively affect the market,” said Jitesh Ubrani, research manager for IDC’s Mobility and Consumer Device Trackers.
“While the upcoming Matter standard [a proprietary, royalty-free home automation connectivity standard] will help negate some of these concerns, OEMs will still need to offer a robust services component in addition to hardware in order to stay relevant.”
IDC said networked video entertainment devices — such as smart TVs, streaming sticks, and Internet-connected set-top boxes — had a 34.7% share of shipments and grew 4.8% year-on-year.
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