Smart Connected Devices Market Research Report - Forecast to 2027

Smart Connected Devices Market Research Report: By Product (Smartphones, Smart Watch, Smart Glasses, Wireless Printers, Smart Meters, Smart Cameras, Connected Bulbs, Smart Locks), End User (Industrial, Commercial, Residential) – Forecast Till 2027

ID: MRFR/SEM/4213-HCR | February 2021 | Region: Global | 100 pages

Please note that the assessment period of report has been updated from 2017-2023 to 2020-2027. Cordially fill the sample form for updated data.

Synopsis of Smart Connected Devices Market


Market Scenario


The smart connected devices market is not just growing; it is accelerating. Smart connected devices are embedded with sensors and possess connectivity features, which allow exchange of data. Major factors driving the growth of smart connected devices market include the growing demand for smartphones, tablets, and other smart devices and growing popularity of bringing your own device. Increasing demand for mobile smart connected devices is expected to drive the growth of the global smart connected devices market.


Sony Corporation, Samsung Electronics Co. Ltd., Motorola Solutions Inc., Nokia Networks, LG Corporation, Hewlett-Packard, HTC Corporation, Apple Inc., and Dell Inc. are the few major investors in the global smart connected devices market. Increasing adoption of smart connected devices, such as smart locks, smart thermostats, smart doors, and other smart home appliances is majorly responsible for driving the growth of smart connected devices market. Technological advancements in the field of smart devices and growing popularity of Internet of Things is fuelling the market growth. This is owing to the increase in demand for smart and connected devices across various industry verticals .


The product segment comprises smartphones, media players, tablets, smart watch, smart band, smart glasses, smart clothing, wireless printers, smart meters, smart cameras, connected bulbs, smart locks, smart thermostats, and smart home appliances . However, smart locks sub-segment is expected to grow at the highest rate during the forecast period due to the increase in demand for improved and connected security by end-users.


The North America region holds the largest share of the global market, followed by Europe and Asia Pacific. The U.S. and Canada are dominating the North America market due to rising technological enhancements and growing adoption of smart connected devices. Moreover, the region has a well-established infrastructure, which allows faster implementation of advanced technologies. Additionally, the growing adoption of smart connected devices across different industry verticals is another major factor driving the growth of the smart connected devices market in the region.


Key Players


Some of the prominent players in the global smart connected devices market are Sony Corporation (Japan), Samsung Electronics Co. Ltd. (South Korea), Motorola Solutions Inc. (U.S.), Nokia Networks (Finland), LG Corporation (South Korea), Hewlett-Packard (U.S.), HTC Corporation (Taiwan), Apple Inc. (U.S.), Dell Inc. (U.S.), Gionee Communication Equipment Co. Ltd (China), Micromax Informatics (India), Videocon Industries Ltd. (India), Acer Inc. (Taiwan), Lenovo Group Ltd. (Hong Kong), Blackberry Ltd. (Canada), and ZTE Corporation (China), among others.


Segments


The global smart connected devices market is segmented by product and end-user. Based on the product, the market is segmented into smartphones, media players, tablets, smart watch, smart band, smart glasses, smart clothing, wireless printers, smart meters, smart cameras, connected bulbs, smart locks, smart thermostats, and smart home appliances. Based on end-user, the market is segmented into industrial, commercial, and residential.


Regional Analysis


The global smart connected devices market is studied in Asia Pacific, North America, Europe, and Rest of the World. North America is estimated to account for the largest share of the market, whereas Asia Pacific is projected to grow at the fastest rate during the forecast period. The growth of the market in North America is attributed to technological advancements and increased adoption of smart connected devices across various industry verticals.


Intended Audience



  • Technology Investors

  • Research/Consultancy Firms

  • Government Bodies

  • Consulting Service Providers

  • Technology Providers

  • System Integrators

  • Software Vendors

  • Web Content Developers

  • Service Providers

  • Cloud Platform Providers

  • Mobile Application Developers

  • Communication Service Providers (CSPs)



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   Substantial CAGR
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Product
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Sony Corporation (Japan), Samsung Electronics Co. Ltd. (South Korea), Motorola Solutions Inc. (U.S.), Nokia Networks (Finland), LG Corporation (South Korea), Hewlett-Packard (U.S.), HTC Corporation (Taiwan), Apple Inc. (U.S.), Dell Inc. (U.S.), Gionee Communication Equipment Co. Ltd (China), Micromax Informatics (India), Videocon Industries Ltd. (India), Acer Inc. (Taiwan), Lenovo Group Ltd. (Hong Kong), Blackberry Ltd. (Canada), and ZTE Corporation (China)
  Key Market Opportunities   The growth of the market in North America is attributed to technological advancements and increased adoption of smart connected devices across various industry verticals.
  Key Market Drivers

  • Major factors driving the growth of smart connected devices market include the growing demand for smartphones, tablets, and other smart devices and growing popularity of bringing your own device. \r\n
  • Increasing demand for mobile smart connected devices is expected to drive the growth of the global smart connected devices market.


  • Frequently Asked Questions (FAQ) :


    Growing demand for smart devices, such as smartphones, tablets and BYOD trend are the major tailwinds pushing the growth of the global smart connected devices market.

    Smart locks by product is the largest segment in the global smart connected devices market.

    Samsung Electronics Co. Ltd. (South Korea), Sony Corporation (Japan), Motorola Solutions Inc. (U.S.), LG Corporation (South Korea), Nokia Networks (Finland), Hewlett- Packard (U.S.), Apple Inc. (U.S.), HTC Corporation (Taiwan), Dell Inc. (U.S.), Micromax Informatics (India), Gionee Communication Equipment Co. Ltd (China), Videocon Industries Ltd. (India), Lenovo Group Ltd. (Hong Kong), Acer Inc. (Taiwan), ZTE Corporation (China), and Blackberry Ltd. (Canada), are some of the top players operating in the global smart connected devices market.

    TABLE OF CONTENTS

    1 Executive Summary

    2 Scope of the Report

    2.1 Market Definition

    2.2 Scope of the Study

    2.2.1 Research Objectives

    2.2.2 Assumptions & Limitations

    2.3 Markets Structure

    3 Market Research Methodology

    3.1 Research Process

    3.2 Secondary Research

    3.3 Primary Research

    3.4 Forecast Model

    4 Market Landscape

    4.1 Porter’s Five Forces Analysis

    4.1.1 Threat of New Entrants

    4.1.2 Bargaining power of buyers

    4.1.3 Threat of substitutes

    4.1.4 Segment rivalry

    4.2 Value Chain/Supply Chain of Global Smart Connected Devices Market

    5 Industry Overview of Global Smart Connected Devices Market

    5.1 Introduction

    5.2 Growth Drivers

    5.3 Impact analysis

    5.4 Market Challenges

    6 Market Trends

    6.1 Introduction

    6.2 Growth Trends

    6.3 Impact analysis

    7. Global Smart Connected Devices Market by Product

    7.1 Introduction

    7.2 Media Players

    7.2.1 Market Estimates & Forecast, 2020-2027

    7.2.2 Market Estimates & Forecast by Region, 2020-2027

    7.3 Smart Watch

    7.3.1 Market Estimates & Forecast, 2020-2027

    7.3.2 Market Estimates & Forecast by Region, 2020-2027

    7.4 Smart Band

    7.4.1 Market Estimates & Forecast, 2020-2027

    7.4.2 Market Estimates & Forecast by Region, 2020-2027

    7.5 Smart Glasses

    7.5.1 Market Estimates & Forecast, 2020-2027

    7.5.2 Market Estimates & Forecast by Region, 2020-2027

    7.6 Smart Clothing

    7.6.1 Market Estimates & Forecast, 2020-2027

    7.6.2 Market Estimates & Forecast by Region, 2020-2027

    7.7 Wireless Printers

    7.7.1 Market Estimates & Forecast, 2020-2027

    7.7.2 Market Estimates & Forecast by Region, 2020-2027

    7.8 Smart Meters

    7.8.1 Market Estimates & Forecast, 2020-2027

    7.8.2 Market Estimates & Forecast by Region, 2020-2027

    7.9 Smart Cameras

    7.9.1 Market Estimates & Forecast, 2020-2027

    7.9.2 Market Estimates & Forecast by Region, 2020-2027

    7.10 Connected Bulbs

    7.10.1 Market Estimates & Forecast, 2020-2027

    7.10.2 Market Estimates & Forecast by Region, 2020-2027

    7.11 Smart Locks

    7.11.1 Market Estimates & Forecast, 2020-2027

    7.11.2 Market Estimates & Forecast by Region, 2020-2027

    7.12 Smart Thermostats

    7.13.1 Market Estimates & Forecast, 2020-2027

    7.13.2 Market Estimates & Forecast by Region, 2020-2027

    7.14 Smart Home Appliances

    7.14.1 Market Estimates & Forecast, 2020-2027

    7.14.2 Market Estimates & Forecast by Region, 2020-2027

    7.15 Smartphones

    7.15.1 Market Estimates & Forecast, 2020-2027

    7.15.2 Market Estimates & Forecast by Region, 2020-2027

    7.16 Tablets

    7.16.1 Market Estimates & Forecast, 2020-2027

    7.16.2 Market Estimates & Forecast by Region, 2020-2027

    8. Global Smart Connected Devices Market by End User

    8.1 Introduction

    8.2 Industrial

    8.2.1 Market Estimates & Forecast, 2020-2027

    8.2.2 Market Estimates & Forecast by Region, 2020-2027

    8.3 Commercial

    8.3.1 Market Estimates & Forecast, 2020-2027

    8.3.2 Market Estimates & Forecast by Region, 2020-2027

    8.4 Residential

    8.4.1 Market Estimates & Forecast, 2020-2027

    8.4.2 Market Estimates & Forecast by Region, 2020-2027

    9. Global Smart Connected Devices Market by Region

    9.1 Introduction

    9.2 North America

    9.2.1 Market Estimates & Forecast, 2020-2027

    9.2.2 Market Estimates & Forecast by Product, 2020-2027

    9.2.3 Market Estimates & Forecast by End User, 2020-2027

    9.2.4 U.S.

    9.2.4.1 Market Estimates & Forecast, 2020-2027

    9.2.4.2 Market Estimates & Forecast by Product, 2020-2027

    9.2.4.3 Market Estimates & Forecast by End User, 2020-2027

    9.2.5 Canada

    9.2.5.1 Market Estimates & Forecast, 2020-2027

    9.2.5.2 Market Estimates & Forecast by Product, 2020-2027

    9.2.5.3 Market Estimates & Forecast by End User, 2020-2027

    9.2.6 Mexico

    9.2.6.1 Market Estimates & Forecast, 2020-2027

    9.2.6.2 Market Estimates & Forecast by Product, 2020-2027

    9.2.6.3 Market Estimates & Forecast by End User, 2020-2027

    9.3 Europe

    9.3.1 Market Estimates & Forecast, 2020-2027

    9.3.2 Market Estimates & Forecast by Product, 2020-2027

    9.3.3 Market Estimates & Forecast by End User, 2020-2027

    9.3.4 Germany

    9.3.4.1 Market Estimates & Forecast, 2020-2027

    9.3.4.2 Market Estimates & Forecast by Product, 2020-2027

    9.3.4.3 Market Estimates & Forecast by End User, 2020-2027

    9.3.5 France

    9.3.5.1 Market Estimates & Forecast, 2020-2027

    9.3.5.2 Market Estimates & Forecast by Product, 2020-2027

    9.3.5.3 Market Estimates & Forecast by End User, 2020-2027

    9.3.6 Italy

    9.3.6.1 Market Estimates & Forecast, 2020-2027

    9.3.6.2 Market Estimates & Forecast by Product, 2020-2027

    9.3.6.3 Market Estimates & Forecast by End User, 2020-2027

    9.3.7 Spain

    9.3.7.1 Market Estimates & Forecast, 2020-2027

    9.3.7.2 Market Estimates & Forecast by Product, 2020-2027

    9.3.7.3 Market Estimates & Forecast by End User 2020-2027

    9.3.8 U.K

    9.3.8.1 Market Estimates & Forecast, 2020-2027

    9.3.8.2 Market Estimates & Forecast by Product, 2020-2027

    9.3.8.3 Market Estimates & Forecast by End User, 2020-2027

    9.4 Asia Pacific

    9.4.1 Market Estimates & Forecast, 2020-2027

    9.4.2 Market Estimates & Forecast by Product, 2020-2027

    9.4.3 Market Estimates & Forecast by End User, 2020-2027

    9.4.4 China

    9.4.4.1 Market Estimates & Forecast, 2020-2027

    9.4.4.2 Market Estimates & Forecast by Product, 2020-2027

    9.4.4.3 Market Estimates & Forecast by End User, 2020-2027

    9.4.5 India

    9.4.5.1 Market Estimates & Forecast, 2020-2027

    9.4.5.2 Market Estimates & Forecast by Product, 2020-2027

    9.4.5.3 Market Estimates & Forecast by End User, 2020-2027

    9.4.6 Japan

    9.4.6.1 Market Estimates & Forecast, 2020-2027

    9.4.6.2 Market Estimates & Forecast by Product, 2020-2027

    9.4.6.3 Market Estimates & Forecast by End User, 2020-2027

    9.4.7 Rest of Asia Pacific

    9.4.7.1 Market Estimates & Forecast, 2020-2027

    9.4.7.2 Market Estimates & Forecast by Product, 2020-2027

    9.4.7.3 Market Estimates & Forecast by End User, 2020-2027

    9.5 Rest of the World

    9.5.1 Market Estimates & Forecast, 2020-2027

    9.5.2 Market Estimates & Forecast by Product, 2020-2027

    9.5.3 Market Estimates & Forecast by End User, 2020-2027

    9.5.4 The Middle East & Africa

    9.5.4.1 Market Estimates & Forecast, 2020-2027

    9.5.4.2 Market Estimates & Forecast by Product, 2020-2027

    9.5.4.3 Market Estimates & Forecast by End User, 2020-2027

    9.5.5 Latin America

    9.5.5.1 Market Estimates & Forecast, 2020-2027

    9.5.5.2 Market Estimates & Forecast by Product, 2020-2027

    9.5.5.3 Market Estimates & Forecast by End User, 2020-2027

    10. Company Landscape

    11. Company Profiles

    11.1 Sony Corporation (Japan)

    11.1.1 Company Overview

    11.1.2 Product/Business Segment Overview

    11.1.3 Financial Updates

    11.1.4 Key Developments

    11.2 Samsung Electronics Co. Ltd. (South Korea)

    11.2.1 Company Overview

    11.2.2 Product/Business Segment Overview

    11.2.3 Financial Updates

    11.2.4 Key Developments

    11.3 Motorola Solutions Inc. (U.S.)

    11.3.1 Company Overview

    11.3.2 Product/Business Segment Overview

    11.3.3 Financial Updates

    11.3.4 Key Developments

    11.4 Nokia Networks (Finland)

    11.4.1 Company Overview

    11.4.2 Product/Business Segment Overview

    11.4.3 Financial Updates

    11.4.4 Key Developments

    11.5 LG Corporation (South Korea)

    11.5.1 Company Overview

    11.5.2 Product/Business Segment Overview

    11.5.3 Financial Updates

    11.5.4 Key Developments

    11.6 Hewlett-Packard (U.S.)

    11.6.1 Company Overview

    11.6.2 Product/Business Segment Overview

    11.6.3 Financial Updates

    11.6.4 Key Developments

    11.7 HTC Corporation (Taiwan)

    11.7.1 Company Overview

    11.7.2 Product/Business Segment Overview

    11.7.3 Financial Updates

    11.7.4 Key Developments

    11.8 Apple Inc. (U.S.)

    11.8.1 Company Overview

    11.8.2 Product/Business Segment Overview

    11.8.3 Financial Updates

    11.8.4 Key Developments

    11.9 Dell Inc. (U.S.)

    11.9.1 Company Overview

    11.9.2 Product/Business Segment Overview

    11.9.3 Financial Updates

    11.9.4 Key Developments

    11.10 Gionee Communication Equipment Co. Ltd (China)

    11.10.1 Company Overview

    11.10.2 Product/Business Segment Overview

    11.10.3 Financial Updates

    11.10.4 Key Developments

    11.11 Micromax Informatics (India)

    11.11.1 Company Overview

    11.11.2 Product/Business Segment Overview

    11.11.3 Financial Updates

    11.11.4 Key Developments

    11.12 Videocon Industries Ltd. (India)

    11.12.1 Company Overview

    11.12.2 Product/Business Segment Overview

    11.12.3 Financial Updates

    11.12.4 Key Developments

    11.13 Acer Inc. (Taiwan)

    11.13.1 Company Overview

    11.13.2 Product/Business Segment Overview

    11.13.3 Financial Updates

    11.13.4 Key Developments

    11.14 Lenovo Group Ltd. (Hong Kong)

    11.14.1 Company Overview

    11.14.2 Product/Business Segment Overview

    11.14.3 Financial Updates

    11.14.4 Key Developments

    11.15 Blackberry Ltd. (Canada)

    11.15.1 Company Overview

    11.15.2 Product/Business Segment Overview

    11.15.3 Financial Updates

    11.15.4 Key Developments

    11.16 ZTE Corporation (China)

    11.16.1 Company Overview

    11.16.2 Product/Business Segment Overview

    11.16.3 Financial Updates

    11.16.4 Key Developments

    12 Conclusion


    LIST OF TABLES

    Table 1 Global Smart Connected Devices Market: By Region, 2020-2027

    Table 2 North America Smart Connected Devices Market: By Country, 2020-2027

    Table 3 Europe Smart Connected Devices Market: By Country, 2020-2027

    Table 4 Asia-Pacific Smart Connected Devices Market: By Country, 2020-2027

    Table 5 Middle East & Africa Smart Connected Devices Market: By Country, 2020-2027

    Table 6 Latin America Smart Connected Devices Market: By Country, 2020-2027

    Table 7 Global Smart Connected Devices by Product Market: By Regions, 2020-2027

    Table 8 North America Smart Connected Devices by Product Market: By Country, 2020-2027

    Table 9 Europe Smart Connected Devices by Product Market: By Country, 2020-2027

    Table10 Asia-Pacific Smart Connected Devices by Product Market: By Country, 2020-2027

    Table11 Middle East & Africa Smart Connected Devices by Product Market: By Country, 2020-2027

    Table12 Latin America Smart Connected Devices by Product Market: By Country, 2020-2027

    Table13 Global Smart Connected Devices by End User Market: By Regions, 2020-2027

    Table14 North America Smart Connected Devices by End User Market: By Country, 2020-2027

    Table15 Europe Smart Connected Devices by End User Market: By Country, 2020-2027

    Table16 Asia-Pacific Smart Connected Devices by End User Market: By Country, 2020-2027

    Table17 Middle East & Africa Smart Connected Devices by End User Market: By Country, 2020-2027

    Table18 Latin America Smart Connected Devices by End User Market: By Country, 2020-2027

    Table19 Global Product Market: By Region, 2020-2027

    Table20 Global End User Market: By Region, 2020-2027

    Table21 North America Smart Connected Devices Market, By Country

    Table22 North America Smart Connected Devices Market, By Product

    Table23 North America Smart Connected Devices Market, By End User

    Table24 Europe: Smart Connected Devices Market, By Country

    Table25 Europe: Smart Connected Devices Market, By Product

    Table26 Europe: Smart Connected Devices Market, By End User

    Table27 Asia-Pacific: Smart Connected Devices Market, By Country

    Table28 Asia-Pacific: Smart Connected Devices Market, By Product

    Table29 Asia-Pacific: Smart Connected Devices Market, By End User

    Table30 Middle East & Africa: Smart Connected Devices Market, By Country

    Table31 Middle East & Africa Smart Connected Devices Market, By Product

    Table32 Middle East & Africa Smart Connected Devices Market, By End User

    Table33 Latin America: Smart Connected Devices Market, By Country

    Table34 Latin America Smart Connected Devices Market, By Product

    Table35 Latin America Smart Connected Devices Market, By End User


    LIST OF FIGURES

    FIGURE 1 Global Smart Connected Devices Market Segmentation

    FIGURE 2 Forecast Methodology

    FIGURE 3 Porter’s Five Forces Analysis of Global Smart Connected Devices Market

    FIGURE 4 Value Chain of Global Smart Connected Devices Market

    FIGURE 5 Share of Global Smart Connected Devices Market in 2020, by country (in %)

    FIGURE 6 Global Smart Connected Devices Market, 2020-2027,

    FIGURE 7 Sub segments of Product

    FIGURE 8 Global Smart Connected Devices Market size by Product, 2020

    FIGURE 9 Share of Global Smart Connected Devices Market by Product, 2020 TO 2027

    FIGURE 10 Global Smart Connected Devices Market size by End User, 2020

    FIGURE 11 Share of Global Smart Connected Devices Market by End User, 2020 TO 2027