Global smart devices market in consumer electronics reached an estimated USD 182.4 billion in 2024, driven by widespread adoption of smartphones, wearables, smart home appliances, and AR/VR devices. Rapid integration of AI-enabled sensors, IoT connectivity, and energy-efficient chipsets is transforming device capabilities and enabling seamless ecosystem interoperability. Among product segments, wearables dominate revenue, contributing over 42%, while smart home appliances and AR/VR devices are the fastest-growing categories, projected to expand at a 11% CAGR through 2032. Consumer demand for connected devices, AI-driven functionalities, and secure digital ecosystems continues to fuel global smart devices market growth.
Smart Devices overview
Published by MMR Statistics Research Team, Updated