Interesting smart home statistics for 2023

People once thought that smart home technology would only be available to the megarich- however, in the past several years, a variety of cost-effective home automation devices have

become available to the general public. Today, any home that has heating and cooling, lighting, or other types of automated devices that can be controlled can be considered a smart home.

Below are just a few of the more interesting smart home statistics that are worth sharing.

According to a January 2023 report by TechJury:

  • In 2022, roughly 500K products were in circulation. An estimated 5 million more will reach customers by 2025.
  • Intelligent appliances are in demand and retailers have said they’re practically flying off the shelves. Examples of smart appliances include devices such as televisions, dishwashers, washing and drying machines, security cameras, ovens, microwaves, coffee makers, thermostats, and dishwashers, among others. It’s further estimated that roughly 70% of consumers own at least one smart product. Many of them plan to add more devices in the not-too-distant future.
  • Data suggests that in 2023, nearly 54% of American households will have at least one smart home gadget. This is worth noting, because demand for smart devices is far exceeding prior projections. For example, in 2019, industry experts believed that the percentage of US homes that would have smart devices in 2023 was a hair above 33%
  • Nearly 57% of millennials own and use at least one smart home device. Up to 70% of those who do not currently own a smart device plan to purchase one.
  • Americans believe that using smart products saves them time. Data suggests that in the current year, smart device users believe that smart devices save them about 30 minutes each day. If you multiply that by 52 weeks in a year, that works out to a time savings of nearly 11,000 hours per year.
  • Nearly 25% of US households have a smart speaker. Examples include Amazon Alexa, Amazon Echo, Google Assistant, Apple Home Pod, and Google Nest, among others. Smart speakers can be used to perform a variety of functions, such as notifying Amazon users about when packages have shipped, providing information about the daily weather forecast, and to answer other types of questions.

In closing

Are you interested in learning more about how your household can benefit from smart home integration? We can help. Call our office today to schedule a free, no-cost consultation with a customer care agent in your area.

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