Smart Devices Market - Statistics & Insights

Smart Devices overview

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.

Published by MMR Statistics Research Team, Updated

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