By 2023, smart home device shipments are forecast to reach 187.2 million units, registering a compound annual growth rate of 16.1%. Video entertainment products will account for 41% of the products shipped in 2023, representing the largest share, like they did in 2018.
In the fourth quarter of 2018, shipments of smart home devices in Europe reached almost 33 million units, growing 15.1% annually, according to research by International Data Corporation (IDC).
In the full year 2018,
shipments of smart home device totaled a record high 88.8 million units, growing 23.1% compared to 2017.
The Western Europe smart home market grew 14.4% year-on-year, while the Central and Eastern Europe region grew 22.7%, with smart speaker market size expanding 127.8% in the region.
By 2023, smart home device shipments are forecast to reach 187.2 million units, registering a compound ...