Flexible Electronics News

IDC: All Categories of Smart Home Devices Forecast to Deliver Double-Digit Growth Through 2022

Entire smart home market is forecast to be nearly 1.3 billion devices by 2022.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

The worldwide smart home devices market is expected to grow 31% year over year in 2018 to 643.9 million shipments, according to the International Data Corporation (IDC) Worldwide Quarterly Smart Home Device Tracker.   The entire smart home market, comprised of smart speakers, video entertainment products, connected lighting, smart thermostats, and home monitoring/security products, is forecast to be nearly 1.3 billion devices by 2022 with a five-year compound annual growth rate (CAGR) of 20.8%...

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