This dossier presents a range of statistics, facts and forecasts about the Internet of Things (IoT) in the United States. The document includes information on the global IoT market overview, North American and U.S. IoT market, different submarkets, mobile connections/users, with a special focus on smart-home.
Table of ContentsOverviewSegmentsCompaniesConsumptionSpecial focus: Smart homeSpecial focus: Mobile connections
1. Overview
Description: As of 2020, 749 billion U.S. dollars were expected to be spent on the Internet of Things (IoT) technology worldwide. Despite being an increase from the year before, the 2020 spending will grow less than originally forecast, due to the global coronavirus pandemic. The prognosis for worldwide spending on IoT by 2023 was 1.1 trillion U.S. dollars, as estimated in 2019. Region-wise, the Asia Pacific region held the largest share of the IoT market. North America came in second, followed by Europe, Middle East and Africa.
Description: In 2021, the number of short-range internet of things (IoT) devices reached 12.5 billion worldwide. That number is forecast to increase to 22.4 billion by 2027. The wide-area IoT devices amounted to 2.1 billion in 2021 and are predicted to reach 5.2 billion by 2027.
Description: The United States market for Smart Home security is estimated to generate the by far highest annual revenue worldwide with 8.95 billion U.S. dollars by 2026. The Chinese market is expected to rank second with almost 6.8 billion, followed by Japan. South Korea and the United Kingdom round out the top five.
Description: The penetration rate of the Smart Home security segment in South Korea is estimated to be the highest worldwide by 2026 with almost 61 percent, followed by Norway with 59.2 and the Netherlands with 47 percent. The biggest Smart Home security market according to revenue the United States only is estimated to only have a penetration rate of 45.5 percent.
Description: By 2025 the total number of consumer and industrial Internet of Things (IoT) connections in North America is forecast to grow to 5.4 billion. In 2019, the number of IoT connections in North America amounted to 2.8 billion connections.
2. Segments
Description: The projected revenue for smart city technologies, products, and services generated by companies located in Asia is forecast to reach 42.96 billion U.S. dollars in 2021. Asia is forecast to show the highest growth over the next years with smart city revenues set to almost triple from 2020 to 2025.
The revenue shown in the statistic includes all revenue that companies generate by offering technologies and products that use information and data technologies to create more value within the public city environment. This includes companies that provide the necessary infrastructure (e.g. cloud computing and connectivity technologies) for cities to be able to use these technologies. Smart home products are not included.
Description: 115 million smart meters are expected to be deployed by the end of 2021 in the United States. This is an increase of 108 million units compared to 2007. As of 2019, Duke Energy was the leading electric utilities based on number of smart meters installed in the U.S.
Description: In 2021, the global agricultural industrial internet of things (IIoT) market value is expected to stand at approximately 4.02 billion U.S. dollars, with 2.23 billion U.S. dollars coming from North America alone. The agricultural IIoT market, especially the North American regional market, is anticipated to grow over the next few years. The following segments are included in the market: Agricultural Management Platforms, Supply Chain & Inventory Management Solutions, GPS Services & Field Mapping Services, Agricultural Monitoring Services, and Micro-farming Solutions.
Description: The smart waste management market in the United States had an estimated value of 364.54 million U.S. dollars in 2021. It is projected that the U.S. smart waste management market will reach a value of 927.82 million U.S. dollars in 2027. This would account for almost a quarter of the projected global smart waste management market size that year. Smart waste management uses technologies that typically incorporate Internet of Things (IoT) monitoring tools to make waste management more efficient and sustainable.
3. Companies
Description: The displayed data on smart home management device ownership by brand shows results of the Statista Global Consumer Survey conducted in the United States in 2022. Some 32 percent of respondents answered the question “Which of these providers do you own Smart Home devices from?” with “AT&T”.
Description: The displayed data on smart speaker ownership by brand shows results of the Statista Global Consumer Survey conducted in the United States in 2022. Some 68 percent of respondents answered the question “Which smart speaker with an integrated virtual assistant do you own?” with “Amazon Echo (Alexa)”.
Description: The displayed data on ehealth tracker / smart watch usage by brand shows results of the Statista Global Consumer Survey conducted in the United States in 2022. Some 54 percent of respondents answered the question “What brands are your personal smart watches / fitness trackers?” with “Apple”.
Description: Duke Energy is the leading electric utility based on the amount of smart meters installed in the U.S. in 2019. The North Carolina-based company installed 6.2 million smart meters that year. Ranking second, NextEra Energy installed roughly 5.6 million smart meters at that time. Some of the subsidiaries of the Florida-based company includes Florida Power & Light (FPL), NextEra Energy Resources, and Gulf Power Company.
4. Consumption
Description: Smart homes and smart home technology continue to see increasing adoption in the United States. The market revenue increased in 2021 to over 28.8 billion U.S. dollars. This increase is at least partly due to the increasing adoption of such technology across the United States. Smart home security devices for example, with around 17.4 percent, the second most sought after feature in 2021 are estimated to reach a market penetration rate of 42.5 percent by 2026. The control & connectivity segment however is and remains the most popular smart home segment with 25.9 percent in 2021 and an estimated adoption rate of almost 60 percent in 2026.
Description: The displayed data on smart home device ownership shows results of the Statista Global Consumer Survey conducted in the United States in 2022. Some 31 percent of respondents answered the question “Do you own Smart Home devices – i.e. devices that you can control via a smartphone / an internet connection?” with “Yes, for electricity and lighting (e.g. smart plugs, connected lightbulbs)”.
Description: According to a 2022 Statista survey the most owned smart home devices are smart TVs. 76 percent of survey respondents said that they own a smart TV. Other smart home devices owned by at least 20 percent of the households are smart speakers, streaming devices, bluetooth speakers, and smart bulbs.
Description: In 2021, the most popular currently used information technology trend in North American and European organizations was IT automation technology with 50 percent of respondents answering as such, with a further 12 percent planning to use it within the next 12 months. Gigabit Wi-Fi networking was also a popular IT trend within IT companies in 2021 according to respondents.
Description: The majority of respondents from the United States and in the United Kingdom were rarely updating their IoT devices in 2021. However, 20 percent of respondents did not have to do it, as they had automatic updates turned on.
5. Special focus: Smart home
Description: The overall revenue of the smart home market in the United States increased in 2021 to over 28.8 billion U.S. dollars. Around eight billion of this revenue was generated by the smart appliances segment, making it the biggest market segment. Control & connectivity features were the second most profitable segment with 7.22 billion dollars. The Statista Digital Market Outlook estimates that revenue across all segments will continue to increase and by 2026. Smart home security features for example are estimated to increase from five billion dollars in 2021 to almost nine billion dollars in 2026.
Description: According to a survey conducted in the United States in 2021, 71 percent of respondents in the age group of 35 to 54 years have smart TVs or connected TVs, and 49 percent had a streaming TV device. Respondents from households aged over 55 are less likely to have connected devices than others.
Description: This statistic shows results from the Statista Global Consumer Survey conducted in the United States in 2021. Participants were asked about smart home device ownership. About 17 percent of U.S. respondents stated that they own smart security cameras.
Description: The displayed data on smart home management device ownership by brand shows results of the Statista Global Consumer Survey conducted in the United States in 2022. Some 32 percent of respondents answered the question “Which of these providers do you own Smart Home devices from?” with “AT&T”.
6. Special focus: Mobile connections
Description: The statistic depicts the number of mobile-cellular subscriptions in the United States from 2000 to 2019. In 2019, the number of mobile subscriptions in the U.S. was at 442.46 million.
Description: Forecasts revised for the impact of the coronavirus (COVID-19) pandemic expect a short-term slowdown in the adoption of 5G in North America. However, from 2023 onwards the new expectation is that the 5G take-up will surpass the previous forecast , with an expectation of 13 million more connections in 2025 compared to the pre-Covid-19 projection.
Description: 5G connections are set to undergo the most significant difference in mobile technology mix in the United States between 2019 and 2025. In 2019 the share of 5G connections was one percent, while forecast indicate 68 percent of mobile subscriptions will use 5G by 2025.
Source from Statista
The information set forth above is provided by Statista independently of Alibaba.com. Alibaba.com makes no representation and warranties as to the quality and reliability of the seller and products.