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Smart Devices Market Research Report - Segmentation By Product Type (Smart TV, Smart watches, Wireless Accelerometer, Google Glass, GPS Jacket, Smart Socks, GPS Smart Shoes, Smart Contact Lenses and Smart Wigs), By End User (Industrial, Commercial and Residential), By Industry (Automotive & Transportation, Energy & Power, Healthcare, Smart Agriculture, Factory Automation, Housing and Others) and Region – Industry Forecast 2022-2027

Published: April, 2022
ID: 13006
Pages: 150

Smart Devices Market Size (2022 – 2027)

The Global Smart Devices Market was worth US$ XX.XX billion in 2021 and is anticipated to reach the valuation of US$ XX.XX billion by 2027 and is predicted to register a CAGR of X.X% during 2022-2027.

Integrated security and safety systems are in high demand among numerous firms and enterprises that are predicted to lead market operations and growth during the forecast period, which ends in 2027.

Smart Devices are devices that conduct a variety of intelligent activities, such as health monitoring, people tracking, and driving instructions, among others. Aside from smart TVs, the majority of these wearable gadgets may be worn on the eyes, wrists, ankles, and other parts of the body. The majority of the goods are in the research and development stage or are in the pre-commercialization stage, and the study provides market estimates for the future based on specific assumptions. Because the majority of the goods are wearable gadgets, firms must seek government approval before selling them on the market. The effects of government regulation on market expansion are also promoting market growth.

Smart devices offer enhanced features such as improved display, in-house health monitoring, and so on. Google, for example, is working on smart contact lenses that will monitor blood glucose levels and will eventually include other capabilities such as blood pressure monitoring. However, the items' costs are now relatively costly when compared to traditional equipment, which is a major commercial limitation. Furthermore, the commercialization of most wearable devices is projected to take a long time due to the need for additional research, which is another impediment to market expansion.

MARKET DRIVERS

The adoption of IoT and cloud-based platforms in the worldwide smart devices market is projected to expand. During the projected period, 2022-2027, these are being utilized by the target population scattered across numerous global places. This is resulting in fantastic growth opportunities for worldwide market size and smart device market share increase. Furthermore, the market's increasing technological advancements play an important role in assisting companies in pursuing organic and innovative strategies to provide major types of benefits to the target audience and, as a result, expand services and operations to emerge as a dominant market player in the global market competition.

MARKET RESTRAINTS

The smart devices market report predicts that, during the forecast period, the market will be exposed to several hazards that will act as roadblocks to the global smart devices market's growth objectives. Once these management and smart systems are in place, the difficulty level associated with upgrading them rises, followed by a continuing demand for automation of these systems. The replacement process is time-consuming, and if it is necessary frequently, it can deplete the allocated budget for the smart connected devices market. As a result, worldwide market players must resolve these challenges and take greater efforts toward increasing in accordance with the forecasts made throughout the current forecast period of 2022-2027.

Market Segmentation

Global Smart Devices Market - By Product Type:

  • Smart TV
  • Smart watches
  • Wireless Accelerometer
  • Google Glass
  • GPS Jacket
  • Smart Socks
  • GPS Smart Shoes
  • Smart Contact Lenses
  • Smart Wigs

Because of their widespread commercial acceptance, smart TVs are the most dominant items in the market. The Google Glass, on the other hand, is predicted to grow at the fastest rate because it provides for many applications such as augmented reality, GPS assistance, video recording, music playback, and so on.

Global Smart Devices Market - By End User:

  • Industrial
  • Commercial
  • Residential

On the basis of end user, smart devices are being used more in the residential sector. This is because people are frequently buying devices for personal use. One device is connected to the other and this connection enhances the functionality. Thus, once a person purchases one of the many devices, he/she is pulled towards the other.

Global Smart Devices Market - By Industry:

  • Automotive & Transportation
  • Energy & Power
  • Healthcare
  • Smart Agriculture
  • Factory Automation
  • Housing
  • Others (Metal & Mining, Food & beverage, and Textile)

For the forecast period 2022-2027, Automotive & Transportation sector is predicted to dominate the smart devices market. With the launch of EVs people are wanting, highly upgraded cars. Thus, manufactures are trying to make the driving experience personalised by linking it to smart wearable devices. However, housing sector is also expected to witness a high growth rate.

Global Smart Devices Market – By Region:

  • North America
  • Latin America
  • Asia Pacific
  • Europe
  • Middle East & Africa

Over the period 2021-2026, the Asia-Pacific region has the biggest share, with a CAGR of 30.6 percent. The surge in demand in the Asia-Pacific area has also made it a hub for Western markets to outsource smart devices manufacturing. In the last five years, the quickly rising emerging economies, particularly China and India in terms of both economy and infrastructure, have greatly raised demand for smart devices.

By 2027, the Canadian market is predicted to grow by more than 4%. Over the projection period, rising investment will increase technology demand.

The rise of the German smart devices industry will be aided by rising consumer expenditure.

Key Players

  1. Samsung Electronics Co. Ltd.
  2. Apple Inc.
  3. Google Inc.
  4. Mayo Clinic
  5. Adafruit
  6. Sony Corporation
  7. Panasonic Corporation
  8. Vuzix
  9. General Electric Co. (GE)

Recent Developments in the Global Smart Devices Market:

  • Apple, the world's most expensive smartphone maker, is now selling the world's smartest water bottle. The iPhone maker has launched the world's most expensive water bottle, the HidrateSpark PRO STEEL, to its ever-expanding ecosystem. It includes a vacuum-insulated stainless-steel chug that keeps drinks cold for up to 24 hours.
  • The Xiaomi Smart Door Lock Pro is now available for pre-order in China. The smart device is compatible with Apple HomeKit, so you can use it to unlock your door and manage the product with Siri voice commands. You can unlock your door using seven different methods, including passwords, fingerprints, and NFC.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                 

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                           

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling     

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                        

                                4.1.1 Drivers      

                                4.1.2 Restaints 

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis         

                                5.1.2 Products/Service 

                                5.1.3 Regional Presence

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Smart Devices Market , By Product Type                        

                                6.1.1 Smart TV  

                                6.1.2 Smart watches      

                                6.1.3 Wireless Accelerometer   

                                6.1.4 Google Glass          

                                6.1.5 GPS Jacket              

                                6.1.6 Smart Socks            

                                6.1.7 GPS Smart Shoes  

                                6.1.8 Smart Contact Lenses        

                                6.1.9 Smart Wigs             

                                6.1.10 Market Size Estimations & Forecasts (2022-2027) 

                                6.1.11 Y-o-Y Growth Rate Analysis           

                                6.1.12 Market Attractiveness Index        

                6.2 Smart Devices Market , By End User                

                                6.2.1 Industrial 

                                6.2.2 Commercial            

                                6.2.3 Residential              

                                6.2.4 Market Size Estimations & Forecasts (2022-2027)   

                                6.2.5 Y-o-Y Growth Rate Analysis              

                                6.2.6 Market Attractiveness Index           

                6.3 Smart Devices Market , By Industry                  

                                6.3.1 Automotive & Transportation         

                                6.3.2 Energy & Power   

                                6.3.3 Healthcare              

                                6.3.4 Smart Agriculture 

                                6.3.5 Factory Automation            

                                6.3.6 Housing    

                                6.3.7 Others      

                                6.3.8 Market Size Estimations & Forecasts (2022-2027)   

                                6.3.9 Y-o-Y Growth Rate Analysis              

                                6.3.10 Market Attractiveness Index        

7. Geographical Landscape                                         

                7.1 Global Smart Devices Market , by Region                       

                7.2 North America - Market Analysis (2022-2027)                              

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Product Type   

                                7.2.3 By End User            

                                7.2.4 By Industry             

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Product Type   

                                7.3.3 By End User            

                                7.3.4 By Industry             

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Product Type   

                                7.4.3 By End User            

                                7.4.4 By Industry             

                7.5 Latin America                            

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Product Type   

                                7.5.3 By End User            

                                7.5.4 By Industry             

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Product Type   

                                7.6.3 By End User            

                                7.6.4 By Industry             

8. Key Player Analysis                                    

                8.1 Samsung Electronics Co. Ltd.                               

                                8.1.1 Business Description           

                                8.1.2 Products/Service 

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis      

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Apple Inc.                    

                8.3 Google Inc.                 

                8.4 Mayo Clinic                 

                8.5 Adafruit                       

                8.6 Sony Corporation                     

                8.7 Panasonic Corporation                          

                8.8 Vuzix                             

                8.9 General Electric Co. (GE)                       

9. Market Outlook & Investment Opportunities                                 

Appendix                                           

                List of Tables                     

                List of Figures                   

  1. Global Smart Devices  Market By Region, From 2022-2027 ( USD Billion )
  2. Global Smart Devices  Market By Product Type , From 2022-2027 ( USD Billion )
  3. Global Smart TV Market By Region, From 2022-2027 ( USD Billion )
  4. Global Smart watches Market By Region, From 2022-2027 ( USD Billion )
  5. Global Wireless Accelerometer Market By Region, From 2022-2027 ( USD Billion )
  6. Global Google Glass Market By Region, From 2022-2027 ( USD Billion )
  7. Global GPS Jacket Market By Region, From 2022-2027 ( USD Billion )
  8. Global Smart Socks Market By Region, From 2022-2027 ( USD Billion )
  9. Global GPS Smart Shoes Market By Region, From 2022-2027 ( USD Billion )
  10. Global Smart Contact Lenses Market By Region, From 2022-2027 ( USD Billion )
  11. Global Smart Wigs Market By Region, From 2022-2027 ( USD Billion )
  12. Global Smart Devices  Market By End User , From 2022-2027 ( USD Billion )
  13. Global Industrial Market By Region, From 2022-2027 ( USD Billion )
  14. Global Commercial Market By Region, From 2022-2027 ( USD Billion )
  15. Global Residential Market By Region, From 2022-2027 ( USD Billion )
  16. Global Smart Devices  Market By Industry, From 2022-2027 ( USD Billion )
  17. Global Automotive & Transportation Market By Region, From 2022-2027 ( USD Billion )
  18. Global Energy & Power Market By Region, From 2022-2027 ( USD Billion )
  19. Global Healthcare Market By Region, From 2022-2027 ( USD Billion )
  20. Global Smart Agriculture Market By Region, From 2022-2027 ( USD Billion )
  21. Global Factory Automation Market By Region, From 2022-2027 ( USD Billion )
  22. Global Housing Market By Region, From 2022-2027 ( USD Billion )
  23. Global Others Market By Region, From 2022-2027 ( USD Billion )

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