The North America Consumer IoT Market would witness market growth of 15.7% CAGR during the forecast period (2021-2027).
IoT technology plays a crucial role in performing consumer-driven activities, hence, enabling them to modernize the current preferences with the latest and advanced models. IoT finds considerable applications in smart home technology, thereby propelling the market growth during the forecasting period.
As per the Internet & Television Association's study of 2020, the total number of IoT-connected devices would reach 50.1 billion from 34.8 billion in 2018. Factors such as the integration of connectivity competence in many devices and applications, and the growth of several networking protocols, thereby propelling the growth of the consumer IoT market across several end-user industries.
The US is the major contributor to the overall demand for consumer IoT devices, hence propelling the growth and demand for connected devices in the regional market. In addition, customers are extremely connecting them to several apps to track different kinds of data. The growth of the market would be driven by the rise in the adoption rate of smartwatches by customers residing in the regional market. Factors like high demand for the flexible panel, growing health awareness among consumers, and the rising demand for smartwatches in developed nations like the US and Canada, are anticipated to accelerate the growth of the Consumer IoT market in the upcoming years.
The US market dominated the North America Consumer IoT Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $43.7 billion by 2027. The Canada market is expected to grow at a CAGR of 18.3% during (2021 - 2027). Additionally, The Mexico market would experience a CAGR of 17.3% during (2021 - 2027).
Based on Component, the market is segmented into Hardware, Software, and Services. Based on connectivity, the market is segmented into Wired and Wireless. Based on Vertical, the market is segmented into Home Automation, Automotive, Consumer Electronics, Healthcare, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Consumer IoT Market is Estimated to reach $204.8 billion by 2027, at a CAGR of 15.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Microsoft Corporation, IBM Corporation, Schneider Electric SE, General Electric (GE) Co., Cisco Systems, Inc., NXP Semiconductors N.V., Texas Instruments, Inc., Intel Corporation, Qualcomm, Inc., and Honeywell International, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Component
- Hardware
- Processors
- Network Infrastructure
- Sensors
- Others
- Software
- Services
By Connectivity
By Vertical
- Home Automation
- Automotive
- Consumer Electronics
- Healthcare
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Microsoft Corporation
- IBM Corporation
- Schneider Electric SE
- General Electric (GE) Co.
- Cisco Systems, Inc.
- NXP Semiconductors N.V.
- Texas Instruments, Inc.
- Intel Corporation
- Qualcomm, Inc.
- Honeywell International, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Consumer IoT Market, by Component
1.4.2 North America Consumer IoT Market, by Connectivity
1.4.3 North America Consumer IoT Market, by Vertical
1.4.4 North America Consumer IoT Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2017, Mar – 2021, Sep) Leading Players
Chapter 4. North America Consumer IoT Market by Component
4.1 North America Hardware Market by Country
4.2 North America Hardware Market by Type
4.2.1 North America Processor Market by Country
4.2.2 North America Network infrastructure Market by Country
4.2.3 North America Sensors Market by Country
4.2.4 North America Others Hardware Type Consumer IoT Market by Country
4.3 North America Software Market by Country
4.4 North America Services Market by Country
Chapter 5. North America Consumer IoT Market by Connectivity
5.1 North America Wired Market by Country
5.2 North America Wireless Market by Country
Chapter 6. North America Consumer IoT Market by Vertical
6.1 North America Home Automation Market by Country
6.2 North America Automotive Market by Country
6.3 North America Consumer Electronics Market by Country
6.4 North America Healthcare Market by Country
6.5 North America Others Market by Country
Chapter 7. North America Consumer IoT Market by Country
7.1 US Consumer IoT Market
7.1.1 US Consumer IoT Market by Component
7.1.2 US Hardware Market by Type
7.1.3 US Consumer IoT Market by Connectivity
7.1.4 US Consumer IoT Market by Vertical
7.2 Canada Consumer IoT Market
7.2.1 Canada Consumer IoT Market by Component
7.2.2 Canada Hardware Market by Type
7.2.3 Canada Consumer IoT Market by Connectivity
7.2.4 Canada Consumer IoT Market by Vertical
7.3 Mexico Consumer IoT Market
7.3.1 Mexico Consumer IoT Market by Component
7.3.2 Mexico Hardware Market by Type
7.3.3 Mexico Consumer IoT Market by Connectivity
7.3.4 Mexico Consumer IoT Market by Vertical
7.4 Rest of North America Consumer IoT Market
7.4.1 Rest of North America Consumer IoT Market by Component
7.4.2 Rest of North America Hardware Market by Type
7.4.3 Rest of North America Consumer IoT Market by Connectivity
7.4.4 Rest of North America Consumer IoT Market by Vertical
Chapter 8. Company Profiles
8.1 Microsoft Corporation
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expenses
8.1.1 Recent strategies and developments:
8.1.1.1 Partnerships, Collaborations, and Agreements:
8.1.2 SWOT Analysis
8.2 IBM Corporation
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Regional & Segmental Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.6 SWOT Analysis
8.3 Schneider Electric SE
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental And Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Product Launches and Product Expansions:
8.3.6 SWOT Analysis
8.4 General Electric (GE) Co.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.5.2 Product Launches and Product Expansions:
8.4.6 SWOT Analysis
8.5 Cisco Systems, Inc.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Regional Analysis
8.5.4 Research & Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Partnerships, Collaborations, and Agreements:
8.5.5.2 Acquisitions and Mergers:
8.5.5.3 Product launches and Product Expansions:
8.5.6 SWOT Analysis
8.6 NXP Semiconductors N.V.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Regional Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Partnerships, Collaborations, and Agreements:
8.6.5.2 Acquisitions and Mergers:
8.6.5.3 Product Launches and Product Expansions:
8.6.6 SWOT Analysis
8.7 Texas Instruments, Inc.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expense
8.7.5 Recent strategies and developments:
8.7.5.1 Partnerships, Collaborations, and Agreements:
8.7.6 SWOT Analysis
8.8 Intel Corporation
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expenses
8.8.5 Recent Strategies and Developments:
8.8.5.1 Partnerships, Collaborations, and Agreements:
8.8.5.2 Product Launches and Product Expansions:
8.8.6 SWOT Analysis
8.9 Qualcomm, Inc.
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expense
8.9.5 Recent strategies and developments:
8.9.5.1 Partnerships, Collaborations, and Agreements:
8.9.5.2 Acquisitions and Mergers:
8.9.5.3 Product Launches and Product Expansions:
8.9.6 SWOT Analysis
8.1 Honeywell International, Inc.
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Regional & Segmental Analysis
8.10.4 Research & Development Expenses
8.10.5 Recent strategies and developments:
8.10.5.1 Partnerships, Collaborations, and Agreements:
8.10.6 SWOT Analysis
TABLE 1 North America Consumer IoT Market, 2017 - 2020, USD Million
TABLE 2 North America Consumer IoT Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Consumer IoT Market
TABLE 4 Product Launches And Product Expansions– Consumer IoT Market
TABLE 5 Acquisition and Mergers– Consumer IoT Market
TABLE 6 North America Consumer IoT Market by Component, 2017 - 2020, USD Million
TABLE 7 North America Consumer IoT Market by Component, 2021 - 2027, USD Million
TABLE 8 North America HardwareMarket by Country, 2017 - 2020, USD Million
TABLE 9 North America HardwareMarket by Country, 2021 - 2027, USD Million
TABLE 10 North America Hardware Market by Type, 2017 - 2020, USD Million
TABLE 11 North America Hardware Market by Type, 2021 - 2027, USD Million
TABLE 12 North America Processor Market by Country, 2017 - 2020, USD Million
TABLE 13 North America Processor Market by Country, 2021 - 2027, USD Million
TABLE 14 North America Network infrastructure Market by Country, 2017 - 2020, USD Million
TABLE 15 North America Network infrastructure Market by Country, 2021 - 2027, USD Million
TABLE 16 North America Sensors Market by Country, 2017 - 2020, USD Million
TABLE 17 North America Sensors Market by Country, 2021 - 2027, USD Million
TABLE 18 North America Others Hardware Type Consumer IoT Market by Country, 2017 - 2020, USD Million
TABLE 19 North America Others Hardware Type Consumer IoT Market by Country, 2021 - 2027, USD Million
TABLE 20 North America Software Market by Country, 2017 - 2020, USD Million
TABLE 21 North America Software Market by Country, 2021 - 2027, USD Million
TABLE 22 North America Services Market by Country, 2017 - 2020, USD Million
TABLE 23 North America Services Market by Country, 2021 - 2027, USD Million
TABLE 24 North America Consumer IoT Market by Connectivity, 2017 - 2020, USD Million
TABLE 25 North America Consumer IoT Market by Connectivity, 2021 - 2027, USD Million
TABLE 26 North America Wired Market by Country, 2017 - 2020, USD Million
TABLE 27 North America Wired Market by Country, 2021 - 2027, USD Million
TABLE 28 North America Wireless Consumer IoT Market by Country, 2017 - 2020, USD Million
TABLE 29 North America Wireless Consumer IoT Market by Country, 2021 - 2027, USD Million
TABLE 30 North America Consumer IoT Market by Vertical, 2017 - 2020, USD Million
TABLE 31 North America Consumer IoT Market by Vertical, 2021 - 2027, USD Million
TABLE 32 North America Home Automation Consumer IoT Market by Country, 2017 - 2020, USD Million
TABLE 33 North America Home Automation Consumer IoT Market by Country, 2021 - 2027, USD Million
TABLE 34 North America Automotive Consumer IoT Market by Country, 2017 - 2020, USD Million
TABLE 35 North America Automotive Consumer IoT Market by Country, 2021 - 2027, USD Million
TABLE 36 North America Consumer Electronics Consumer IoT Market by Country, 2017 - 2020, USD Million
TABLE 37 North America Consumer Electronics Consumer IoT Market by Country, 2021 - 2027, USD Million
TABLE 38 North America Healthcare Consumer IoT Market by Country, 2017 - 2020, USD Million
TABLE 39 North America Healthcare Consumer IoT Market by Country, 2021 - 2027, USD Million
TABLE 40 North America Others Consumer IoT Market by Country, 2017 - 2020, USD Million
TABLE 41 North America Others Consumer IoT Market by Country, 2021 - 2027, USD Million
TABLE 42 North America Consumer IoT Market by Country, 2017 - 2020, USD Million
TABLE 43 North America Consumer IoT Market by Country, 2021 - 2027, USD Million
TABLE 44 US Consumer IoT Market, 2017 - 2020, USD Million
TABLE 45 US Consumer IoT Market, 2021 - 2027, USD Million
TABLE 46 US Consumer IoT Market by Component, 2017 - 2020, USD Million
TABLE 47 US Consumer IoT Market by Component, 2021 - 2027, USD Million
TABLE 48 US Hardware Market by Type, 2017 - 2020, USD Million
TABLE 49 US Hardware Market by Type, 2021 - 2027, USD Million
TABLE 50 US Consumer IoT Market by Connectivity, 2017 - 2020, USD Million
TABLE 51 US Consumer IoT Market by Connectivity, 2021 - 2027, USD Million
TABLE 52 US Consumer IoT Market by Vertical, 2017 - 2020, USD Million
TABLE 53 US Consumer IoT Market by Vertical, 2021 - 2027, USD Million
TABLE 54 Canada Consumer IoT Market, 2017 - 2020, USD Million
TABLE 55 Canada Consumer IoT Market, 2021 - 2027, USD Million
TABLE 56 Canada Consumer IoT Market by Component, 2017 - 2020, USD Million
TABLE 57 Canada Consumer IoT Market by Component, 2021 - 2027, USD Million
TABLE 58 Canada Hardware Market by Type, 2017 - 2020, USD Million
TABLE 59 Canada Hardware Market by Type, 2021 - 2027, USD Million
TABLE 60 Canada Consumer IoT Market by Connectivity, 2017 - 2020, USD Million
TABLE 61 Canada Consumer IoT Market by Connectivity, 2021 - 2027, USD Million
TABLE 62 Canada Consumer IoT Market by Vertical, 2017 - 2020, USD Million
TABLE 63 Canada Consumer IoT Market by Vertical, 2021 - 2027, USD Million
TABLE 64 Mexico Consumer IoT Market, 2017 - 2020, USD Million
TABLE 65 Mexico Consumer IoT Market, 2021 - 2027, USD Million
TABLE 66 Mexico Consumer IoT Market by Component, 2017 - 2020, USD Million
TABLE 67 Mexico Consumer IoT Market by Component, 2021 - 2027, USD Million
TABLE 68 Mexico Hardware Market by Type, 2017 - 2020, USD Million
TABLE 69 Mexico Hardware Market by Type, 2021 - 2027, USD Million
TABLE 70 Mexico Consumer IoT Market by Connectivity, 2017 - 2020, USD Million
TABLE 71 Mexico Consumer IoT Market by Connectivity, 2021 - 2027, USD Million
TABLE 72 Mexico Consumer IoT Market by Vertical, 2017 - 2020, USD Million
TABLE 73 Mexico Consumer IoT Market by Vertical, 2021 - 2027, USD Million
TABLE 74 Rest of North America Consumer IoT Market, 2017 - 2020, USD Million
TABLE 75 Rest of North America Consumer IoT Market, 2021 - 2027, USD Million
TABLE 76 Rest of North America Consumer IoT Market by Component, 2017 - 2020, USD Million
TABLE 77 Rest of North America Consumer IoT Market by Component, 2021 - 2027, USD Million
TABLE 78 Rest of North America Hardware Market by Type, 2017 - 2020, USD Million
TABLE 79 Rest of North America Hardware Market by Type, 2021 - 2027, USD Million
TABLE 80 Rest of North America Consumer IoT Market by Connectivity, 2017 - 2020, USD Million
TABLE 81 Rest of North America Consumer IoT Market by Connectivity, 2021 - 2027, USD Million
TABLE 82 Rest of North America Consumer IoT Market by Vertical, 2017 - 2020, USD Million
TABLE 83 Rest of North America Consumer IoT Market by Vertical, 2021 - 2027, USD Million
TABLE 84 key information – Microsoft Corporation
TABLE 85 Key information – IBM Corporation
TABLE 86 Key information – Schneider Electric SE
TABLE 87 Key Information – General Electric (GE) Co.
TABLE 88 Key Information – Cisco Systems, Inc.
TABLE 89 Key Information – NXP Semiconductors N.V.
TABLE 90 Key Information – Texas Instruments, Inc.
TABLE 91 Key Information – Intel Corporation
TABLE 92 Key Information – Qualcomm, Inc.
TABLE 93 Key information – Honeywell International, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2017, Mar – 2021, Sep) Leading Players
FIG 5 SWOT Analysis: Microsoft Corporation
FIG 6 Swot analysis: IBM Corporation
FIG 7 Swot analysis: Schneider Electric SE
FIG 8 Recent strategies and developments: General Electric (GE) Co.
FIG 9 Swot analysis: General electric (GE) Co.
FIG 10 Recent strategies and developments: Cisco Systems, Inc.
FIG 11 SWOT Analysis: Cisco Systems, Inc.
FIG 12 Recent strategies and developments: NXP Semiconductors N.V.
FIG 13 Swot analysis: NXP semiconductors N.V.
FIG 14 SWOT Analysis: Texas Instruments, Inc.
FIG 15 Recent Strategies and Developments: Intel Corporation
FIG 16 SWOT analysis: Intel corporation
FIG 17 Recent strategies and developments: Qualcomm, Inc.
FIG 18 SWOT Analysis: Qualcomm, Inc.
FIG 19 Swot analysis: Honeywell international, inc.