Smart Door Lock Statistics: The most recent report of research about the world’s Smart Door Lock market for 2023 gives a complete overview of the industry, including quantitative and qualitative aspects like size, definition and share, estimates, and growth rate. This report will provide readers with an in-depth understanding of the market, which includes drivers, constraints, potential growth, technological advances, and macroeconomic variables that affect the dynamics of the market. The report highlights the impressive expansion that is evident in Smart Door Lock Statistics, including detailed information about the size, participation, and revenue projections up to 2031.

• Smart locks are the latest version of a traditional lock. It is fitted with a range of new technologies including Bluetooth and Wi-Fi which permit users to lock and unlock 33 doors with a single voice command or a touch. The increasing incidence of theft and burglary in urban areas is likely to boost the demand for novel lock solutions for doors, which will drive the market for smart door locks.
• It is expected that the Global Smart Door Lock market is predicted to grow by a substantial amount in the forecast timeframe, between 2023 and 2030. The market in 2022 is expanding at a steady pace as well as with the growing acceptance of strategies by the major players The market is predicted to grow over the forecast period.
• Door locks with smart sensors are readily available and let users open and close the door without keys. Smart door locks offer people a higher level of security than standard alarms and locks.

Editor’s Choice

• Smart locks are essential technology that can make the door more secure since it offers security as well as convenience.
• Modern technology, such as Machine Learning (ML), Artificial Intelligence (AI), and the Internet of Things (IoT), can make smart doors possible.
• Smart doors permit homeowners to control access to their homes and buildings, while removing the requirement for keys in physical form because they come with sophisticated security options like two-factor authentication, tamper identification, and encryption that’s difficult to hack or break by burglars.
• According to the report by Insight Partners, the Smart Door Lock market size will reach $2,733.05 million by the close of 2023. It will be $6,309.13 million by the year 2028. This is an annual growth rate of 18.2 percent. In contrast, according to the findings of Fortune Business Insights, the worldwide market for smart door locks is expected to reach $2.49 billion in 2023 and $8.21 billion before 2030. This is with an annual growth rate of 18.6 percent.
• Based on Global News Wire’s findings, the total revenue from biometric sensors could reach $1.6 billion by 2023. The various types of sensors employed in smart doors include PIR motion sensors, image sensors, biometrics and cameras, metal detectors, audio modules that can be used with speakers, and the MIC.
• Based on the information provided by Mordor Intelligence, in the United States smart doors will become available to more than 12 million houses by 2023. (Source: technavio.com)
• The Automatic Doors Market is forecast to grow to $7,390.33 million in 2023 and an estimated CAGR of 6.75 percent from 2023 through 2027. Based on Technovio’s research, by 2027, the market for automated doors is expected to grow the highest in the Asian Pacific region by a 29.4 percent market percentage.
• Smart Door Lock Statistics shows an incredibly high rise in demand for Automated Doors in 2023.

Smart Door Lock Market

Due to the COVID-19 virus, The worldwide Smart Door Lock market size is estimated at approximately USD 6736.6 million by 2022 and is projected to grow to 22880 million dollars by 2028. This will be accompanied by an annual growth rate of 22.6 percent in the review time.

In full consideration of the changes to the economy caused due to this health crisis Electronic Cipher Locks representing a percent of the Smart Door Lock global market in 2021, will be projected to be worth USD 1 million in 2028 and grow at a rate of a revised percent CAGR after COVID-19. While the household segment is changed to a Percent CAGR over the forecast period.

• The world’s Smart Door Lock key players include ASSA ABLOY, Allegion, Dormakaba Group, Spectrum Brands, and more. The top four companies in the world hold more than 15 percent.
• Asia Pacific is the biggest market, having more than 70 percent. It is followed by Europe and the Americas both with more than 25.
• In terms of product type, Electronic Cipher Locks is the most popular segment, having around 50. As for the applications, the most popular is Household and is followed by Commercial
• The global market for smart locks was valued at $2,366.51 million in 2020. It is predicted to reach $14,972.3 million by 2030 and grow at a rate of 20.1 percent from 2021 to 2030.

“In the post-COVID-19 era, the companies are focused on cutting-edge technology like artificial intelligence (AI) and machine-learning (ML) Internet of things (IoT), and cloud computing across the residential commercial and residential sectors to carry out the operation of contactless. This is likely to increase demand for app-based smart lock systems that are expected to boost the use of smart locks across the world

(Source: mordorintelligence.com)

Smart Lock Market Analysis

It is estimated that the Smart Lock Market size is projected to increase by a staggering 2.43 billion by 2023, to 4.98 billion in 2028. 4.98 billion before 2028 at an annual rate of 15.40 percent over the time frame (2023-2028).

The rising popularity of smart home design worldwide including features like remote access, voice-controlled control as well and seamless connection, is driving the use of smart locks for residential properties. Furthermore, the lack of requirement to carry key locks around in a mechanical way has drawn the attention of homeowners.

• The growing popularity of smart home technology globally and the growing number of businesses offering home automation services are also contributing to the growing demand for locks that are smart. The players in the industry are focused on advancing techniques and market-ready products like remote locking windows and opening them, doors, and.
• In addition, they can pair their products with these devices, as the number of homes with voice assistants is increasing and allows for voice-controlled locks. It is anticipated that customers will increase their use of these advances as they are seeking out advanced and easy lock and unlocking solutions. An increasing number of buildings require identification and certification such as individual residences hotels, restaurants, supermarkets banks, corporate buildings, financial institutions, and commercial buildings.
• The rising use of smartphone users is encouraging the development of connected devices that permit users to remotely control their door locks and open the doors with a variety of mobile applications. According to Oberlo the e-commerce firm it is estimated that there are 3.5 billion people using smartphones in the world and the rate of penetration is around 45.4 percent of the worldwide number which is 7.7 billion. In simple terms, the four-in-a-row of 10 people around the globe are currently using the smartphone.
• In the face of a variety of driving forces that are influencing the development of the smart lock market is likely to be slowed by the current vulnerability to hacking and the increasing threat of cybercrimes. Smart locks in particular are frequently targeted by cybercriminals. In July of this year, according to security researchers from NCC Group, 11 security vulnerabilities afflicted Nuki smart lock systems which included ones that can allow intruders to unlock doors. This kind of incident creates a feeling of fear among people who use the system.
• The COVID-19 pandemic has resulted in the decline of investments in the ICT industry, especially in the Internet of Things, 5G technologies, as well as other new technologies. Companies in the market of smart locks have been forced to reduce their operating expenses. They have seen a decrease in the hiring process and capital budgets, as well. Furthermore, consumer discretionary spending is also decreased the sales of smart locks. The outlook for this market is grim and is likely to see a decline that is expected to last until at least the end of this year.

Biggest Producer Of the Smart Door Lock?

• ASSA ABLOY had a net worth of $27.26 billion.
• Allegion‘s market capitalization was $9.34 billion, with an enterprise value of $10.99 billion.
• Dormakaba Group reported a net sales increase to CHF 1,419.8 million, with an adjusted EBITDA of CHF 184.6 million.
• Spectrum Brands saw revenue of $740.7 million for the quarter ending in September 2023.
• Master Lock‘s annual revenue reached $750 million.
• MIWA Lock reported revenues of $5 million.
• Samsung‘s total revenue was $200.26 billion TTM, with a decrease from the previous year’s $240.71 billion.
• Sargent and Greenleaf generated annual revenue of $32 million.
• Dessmann‘s total revenue for the quarter ending on September 30th, 2023, was Rs. 12,308 crores.

Impact of the COVID-19 Pandemic

(Source: theinsightpartners.com)

Smart locks are an innovative security device that increases access control to physical spaces. It incorporates technology to offer an easy and secure way to enter. It lets users secure and unlock doors remotely with a smartphone, tablet, or any other device connected to it. It offers a variety of options, including fingerprint authentication, keyless entry as well as temporary codes for access which allow users to control access for themselves as well as others. Smart locks can integrate into smart home systems to allow seamless automation. Since it provides a higher degree of security than traditional locks, the market for these locks is growing around the globe.

Digital Door Lock Revenue 2017-2021 vs. Demand Outlook 2022-2032

North America is a prominent market due to the growing demand for digital locks systems in the U.S., which is expected to expand at a rate of 20% and attain a market size of US11 billion dollars in 2032.

Europe is predicted to be home to an estimated market value of US$3 Bn by 2022, due to the rapid adoption of technology.

In the past, East Asia and Europe contributed significantly to the expansion of the door lock with digital technology and will represent approximately 27 percent and 13% market share by 2022 and thereafter.

The top five providers of digital door locks held between 20 and 25% market share by 2021 because the market is split.

(Source: dorlotec.com)

Demand For Smart Home and Digital Door Lock

The demand for wireless home accessories is growing and smart home technology is a hot topic with customers. The latest home technology makes use of technology that can be connected via wireless connections and can be monitored from any location, ultimately resulting in the demand for smart devices such as the digital door lock system, which is just one. This has caused the digital door lock market to develop and grow at a rate of 18% during the evaluation time.

• The Digital Door Lock market is expected to be valued at USD 6799.8 million by 2022 and reach an adjusted size of 19600.0 million USD by 2028. This is based on an annual growth rate of 19.3 percent during that review.
• The Smart Door Lock market size is estimated to be USD 6736.6 million by 2022. It is projected to reach an adjusted size of 22880 million USD in 2028, with an annual growth rate of 22.6 percent during that review phase.
• The WiFi Smart Lock market was valued at 896 million USD in 2020. It is predicted to be worth USD 4531.7 million by 2027 and grow at a rate of 25.9 percent between 2021 and 2027.
• Smart Electronic Lock market size is estimated to be USD 5708.8 million by 2022. It is expected to reach adjusted to USD 10390 million by 2028, with an annual growth rate of 10.5 percent over that review.
• Globally, the Market for Smart Homes size is predicted to grow to around USD117820 by the year 2027. from USD 72040 in 2020. This is an annual rate of 6.8 percent from 2021 to 2027.
• It is estimated that the global Home Security Products and Solutions market size is expected to grow to approximately USD 92340 billion by 2028. This is from 53800 million USD in 2021. That’s an annual rate of 7.9 percent from 2022 to 2028.
• Globally, the Grocery Lockers market was estimated at USD 121.4 million in the year 2020 and is predicted to grow to USD 157.5 million by 2027’s end and grow at a rate of 4.0 percent between 2021 and 2027.
• IoT integration Automation and centralized control are made possible through the ever-growing incorporation of smart locks into bigger Internet of Things (IoT) ecosystems. This trend allows users to create smart, networked environments for their homes or buildings, with features such as remote monitoring and voice control.
• Mobile phone-friendly Smart locks simplify the lives of users by making them manageable via smartphone applications. They can even allow guests access to their property while receiving immediate notifications. Instead of traditional passwords, keys, and PINs, users can gain access to their homes using biometric information.
• The use of biometric locks is increasing. Smart locks increasingly use biometric technologies, including fingerprint and facial recognition, to enhance security and users’ experiences.

Comparative View

Smart Lock Market

(Source: futuremarketinsights.com)

Mechanical Lock Market

(Source: futuremarketinsights.com)

Smart Home Solutions Market

(Source: futuremarketinsights.com)

• Over four-fifths of millennials are likely to pay an additional 20% of capital for smart apartments.
• Over 50% of the Gen Y population is likely to pay additional capital on buildings with smart door locks and high-end security and automation solutions.
• In 2020, the deadbolt lock segment generated the highest demand, accounting for over 31% of market revenue.
• The demand for Wi-Fi-enabled smart locks is expected to observe the highest growth rate due to increased convenience.
• The Northeast region is likely to grow at the highest CAGR during the forecast period due to the increased population, expanding residential sectors, and growing disposable incomes.
• The increasing application in end-users such as hospitality and healthcare is expected to boost smart locks from the commercial sector.
• The US Western region accounts are likely to observe an incremental growth of over USD 197.43 million during 2020–2026.

The United States is the world’s largest market for smart door locks.

The United States has the largest market for smart locks due to its higher proportion of single-family homes and consumers’ greater desire for home automation and security services. Other regions’ consumers have different preferences. For the majority of consumers in Western Europe, temperature control is more important. Smart locks aren’t often included in smart home solutions.

Smart home solutions for smart homes installed in multi-dwelling homes within South Korea usually have shared entryways that have commercial-grade electronic locks. In the last few years, due to the advancement of technology for smart locks and the rise in awareness of markets, China has become a world leader in the area in the field of digital locks. No matter the form of the product or function, or the quantity of companies and brands, China is already ahead of the majority of countries around the world.

It is expected to show a growing trend in 2023, particularly within Japan, South Korea, and European and American markets. Generally speaking, the household usage rate of smart locks in South Korea is more than 50% and around 10% to 5 percent in China the region country where intelligent locks are still in their early stages. Smart locks are likely to be available through door lock makers, builders as well as door manufacturers.

Doors With Facial Recognition Lock

(Source: acumenresearchandconsulting.com)

• The global market for door locks with facial recognition revenues is expected to be $3314.9 million in 3,314.9 million by the year 2030, with an annual growth rate of 16.6 percent from 2022 to 2030.
• According to a study, the 2016 average across the 74 countries was 783 crimes per 100,000 inhabitants.
• North America’s facial recognition door lock market share will increase to over USD 322.4 million by 2021.
• Asia-Pacific door locks with facial recognition market growth will be an increase of over 18% from 2022 until 2030.
• In the report, it is reported that the residential segment had a 37% share in 2021.
• Within application types, the commercial segment was worth the largest share of 195.1 million of revenue by 2021.
• The growing integration of AI and big data as well as IoT for facial recognition has become a favored market trend that drives market demand.

(Source: acumenresearchandconsulting.com)

Face Recognition Lock Market Dynamics

Market Drivers

• The number of thefts is increasing.
• Security and safety concerns are growing in the minds of people
• The use of more applications that are both for the government and commercial sector.

Market Restraints

• Privacy concerns related to this technology
• Complexity and rules for regulation

Opportunity Markets

• The increasing importance of AI and IoT in security and safety solutions
• Rapid technological advances in the field of facial recognition

The survey revealed that consumers rank thermostats, light doors, thermostats, smart TVs, and video cameras among the top five gadgets they’d most want to control using a voice assistant. While some people express concerns regarding using voice assistants to give access to their homes, however, the majority of integrations do not permit voice-controlled unlocking. Instead, the voice assistants’ capabilities are limited to limiting entry, closing doors, and arming systems.

It’s now standard for businesses to connect the devices they sell with Amazon Alexa or Google Assistant. While the integrations to Apple HomeKit lag behind the other two major voice assistants, the majority of the major players have already integrated Siri voice-based assistance to door locks. To stay competitive, device makers must include voice control.

Be it established players or startup products dominate the market, smart access control and system makers are constantly pressured to stay ahead of the curve. Not only have previously innovative features become commonplace, however, but in some areas of access control, the prices are dropping. The median selling price for the smart door lock within the U.S. was $101 in the fourth quarter of 2021, a decrease from $133 a year before. Smart thermostats, video doorbells, and other smart home devices have seen similar price trends.

(Source: restechtoday.com)

Large Market Participants Have Adopted Recent Strategies

• ASSA ABLOY and JOTEC Services and Vertriebsges.mbh, a leading industrial door manufacturer and service supplier in Germany have agreed definitively to sell the former. The acquisition of JOTEC will help them achieve their goal of enhancing their current entry automated offerings.JOTEC has a substantial customer base, an impressive department for service, as well as an extensive range of products.
• A leading private investment company Ardian has purchased GANTNER Electronic Austria Holding GmbH(often called “GANTNER”). SALTO Systems (“SALTO”), a top supplier of electronic locks and Access Control solutions has acquired an organization that specializes in ticketing, electronic access, and billing systems that are less secure than smart locker locks.
• Sentril Lock, LLC has collaborated with Omni MLS, a multi-listing service for the first ever in Mexico. It will ensure that realtors can access the most up-to-date technological advancement, and Omni will be able to support 230,000 potential customers in Mexico. The ability to manage time Management and a seamless process to show properties are just two advantages of the partnership it has with Central Lock.

Conclusion

The need for better management of security has impacted both developing and developed economies, requiring them to guard against unknown threats like cyber-attacks or rivalries as well as other dangerous actions. The need to use smart locks which is a more modern security platform, is predicted to enhance the security of homes or commercial premises. The majority of consumers in the world have embraced smart lock technology to safeguard themselves against theft, which is anticipated to boost the market to grow.

Additionally, the increasing use of mobile applications that are cloud-based increases the market’s growth across the globe. Additionally, the rapid change in business models and expansion of companies create opportunities for the rapid expansion of the market for smart locks. However, the initial price and the fear of privacy invasion could impede the development of the market.

Smart Switches Statistics: In recent days, as the demands for smart homes have increased enormously around the world, thus the usage of smart devices industries is at its peak both for residential and commercial purposes. But recently the market of smart switches is expected to grow at a slow growth rate due to lack of technical expertise, and high cost of installation in recent times. A report published by SkyQuest Technology states that by 2030 the global market valuation of smart switches is expected to reach $13.85 billion.

These Smart Switches Statistics include insights from various aspects please check out these interesting facts described below. If you haven’t installed Smart Switches at your home then, I recommend that you try to enable effective benefits.

Editor’s Choice

• In 2022, the smart switches market was valued at $38 million, expected to grow to $48 million by 2028 with a 4.1% CAGR.
• The automated switches market is forecasted to reach $22.6 billion by 2032, growing at a 5.2% CAGR.
• By 2031, the market for smart switch panels is estimated to reach $54.15 million, with a growth rate of 4.1%.
• Major US companies in the market include Leviton Manufacturing, Lutron Electronics, and General Electric.
• As of June 23, 2023, the global smart light switches market exceeded $2 billion.
• Smart switches come in motion sensor and timer types, for room movement detection and smartphone app control.

(Source: ilu.valuates.com)

• According to the new survey of QY Research analysis, the global market size of 3-Way Smart Switches is going to reach around $1217.4 million by 2029 at a CAGR of 9.3% from 2023 to 2029.
• The demand for these switches has been increasing in recent years due to the features of energy–efficient, sustainable, and more convenient.

(Source: verifiedmarketresearch.com)

• As of 2028 market size of smart switch panels is expected to reach around $480.2 billion at a CAGR of 22.41%.

What is Smart Switches?

Smart switches are alternatives to traditional built-in switches and are made up of advanced technology, IoT, machine learning, AI, etc. Without any doubt, it can be said that they have the capability of turning lights on and off and providing greater control over total home lighting, fans, and other hardwired appliances. For starting the function of smart switches in most cases they require a 2.4 GHz home Wi-Fi network.

Benefits of Smart Switches

• The most effective benefit is that they do not require an electric connection, thus, these switches help prevent potential electric fires.
• They are beneficial for energy efficiency and money as they help in reducing energy costs by adjusting electricity consumption along with automatic turning off facility of switches on and off when not required.
• These are the best devices for home automation; smart switches can also be used for changing the intensity of light depending on specific activities such as sleeping, reading, watching TV, etc.
• Enhance better security because when there is no one inside the home these switches create burglars by creating the illusion and making it look like someone is inside the home.
• The main benefit is to control the switch from different locations through mobile applications.

Smart Light Switch Statistics

• The best motion sensor switch is Kasa Smart Motion, which costs around $39.99 and is available on Amazon, Google, and SmartThings. Effective benefits are a built-in motion sensor, which detects ambient light levels, and reasonable pricing.
• The best smart switch for the home kit is Wemo, which costs $49.99 and is compatible with Apple smart homes. Its effective benefits include good build quality, Apple Home kit support, the option to group multiple devices, and affordability.
• Best for budgets is Kasa Smart, which costs $19.99, and its compatibility is Amazon, Google, and SmartThings. The advantages are affordable, doesn’t require a hub, and away mode security feature.
• The best switch selection is Leviton Decora Smart, which costs $49.04, and its compatibility is Amazon, Apple, Google, Z-Wave, and Zigbee. Benefits include a large selection of switches, excellent smart home compatibility, and customizable faceplates.
• Overall, the best smart switch is Lutron Caseta, which costs $99.95, and is compatible with Amazon, Apple, and Google. The advantages are that it is easy to use, has separate buttons, and no neutral wire is needed.

Types of Smart Switches

• The global market is segmented into 5 types of smart switches single-touch switches, dimmer switches, timer switches, motion sensor switches, and voice–activated switches.
• Single-touch switches are the most basic type among others, which allow for controlling lighting and other devices.
• Dimmer switches help in controlling light brightness depending upon the situation or mood.
• Timer switches allow setting the specific time of lights to turn on and off automatically, which can be easily programmed via Smartphones or apps.
• Motion sensor switches get activated when it detects movements inside the room and those are mostly used in washrooms and hall rooms.
• Lastly, the ultimate in convenience is voice-activated switches which are easy to use because they are activated through voice commands and can be used for controlling other many devices too.

By Segmentation

(Source: verifiedmarketreports.com)

• The smart switches market is analyzed by types of Wi-Fi and Bluetooth, ZigBee, and others.
• The maximum usage applications of smart switches are in the commercial sectors with a share of 75% and the rest is residential applications in 2023.

By Specification

• According to the global automotive switches market 2023, the voltage rating ranges between 12V to 48V DC.
• The current rating and IP rating remain between 3A to 10A and IP65 to IP67 respectively.
• Materials used in smart switches are plastic, metal, or glass.
• Configurations are SPST, SPDT, DPST, and DPDT.
• These smart or automated switches are used in the application of lights, wipers, windows, locks, entertainment systems, etc.

By Product

(Source: custommarketinsights.com)

• The markets of smart switches are segmented into four products Push button, Rocker, Specialty, Toggle, and multi-function switches.
• As of 2023, the Rocker switch segment is dominating the global market, and the value is expected to be $7.43 billion by the end of 2023 at a CAGR of 4.1% from 2022 to 2023.
• The global market share of Push Button Switches resulted in $8338.66 million in 2022 and is expected to reach $9360.01 million by 2028 with a CAGR of 1.94%.

Light Control Switches Market Statistics

• By the end of 2025 as per research by Market and Markets, the light control switches market is expected to be $10.2 billion.
• The growth rate of the market is expected to be 8.9% from 2020 to 2025.
• The compound annual growth rate of the light control switches market is going to be 7.80% from 2023 to 2028.
• Whereas, the projected market size is expected to reach $12.5 billion by 2030 and Asia Pacific is going to be the fastest-growing region in case of adopting smart switches.

Intelligent Power Switch Statistics

• The global market size of the intelligent power switches market is approached to be $2 billion analyzed to a report by Research Nester.
• By the end of 2036 global market size is predicted to reach above $66 billion at a CAGR of 6% from 2024 to 2036.
• This market is segmented into two types’ high-side switches and low-side switches, in which the high-side switches are the dominating segment with a revenue share of 55%.
• The applications of power switches are residential, automotive, commercial, industrial, and construction, in which the dominating holder is the Industrial intelligent power switches with a market share of 38%.
• The North American region is going to account for the largest share of 28% and 25% share by the Asia Pacific region by the end of 2036.

Smart Switches Startup Statistics

• According to the reports of Tracxn, there are more than 174 companies that are now manufacturing smart switches.

The top 5 smart switches startups are described below as of October 2023:

• Orro (deals with smart home lighting solutions) and located in San Francisco (United States), stage (seed).
• Amber Solutions (deals with switches for home automation applications), located in Danville (United States), stage (Series B), and total funding ($17.9 million).
• Cubical, located in Delhi (India), stage (seed), and total funding of $1.03 million.
• Switchmate Home (retrofittable smart switches for light controlling through a smartphone), located in Palo Alto (United States), and funding ($350K).
• Aeva is located in Dhanbad (India), with a stage (seed), and funding ($255.5K).

Smart Switch Installation Statistics

(Reference: homewyse.com)

• As of June 2023, the installation cost per smart switch was around $84.72 to $228.
• The costing shares include costs for local material (7%), labor options (7%), prep and repair (7%), and work access (25%).

Conclusion

Smart devices are getting extremely popular around the world in recent days and same the share of smart switches. Researchers are expecting that the popularity of smart device usage will increase in the coming future and this is the harsh reality that people are now fully dependent on technology. Even smart switches are providing hands-free control over lights, fans, and other devices along with enabling lots of effective benefits. The article includes possible stats that will help you understand the topic better.

VR Headset Statistics: The use of virtual reality (VR) technology is rapidly increasing worldwide. Most VR demands come from growing industries such as entertainment, education, medical, gaming, retail, life events, etc. VR headsets help create a wholly simulated virtual environment and enhance interactive and engaging user experiences, mainly in the gaming and entertainment industries. You are on the right track if you want a more detailed analysis of the VR headset market. This VR Headset Statistics includes several impactful insights that will guide you in understanding different segments of VR headsets worldwide.

Editor’s Choice

• The market size of VR headsets will account for $9.2 billion by the end of 2023, with a market growth of 14% from the previous year.
• By the end of 2024, the total installed base of VR headsets will hit over 100 million worldwide.
• The VR headset segment in the consumer electronic market is growing continuously, and the global revenue earned in 2023 resulted in $2.3 billion, around 25.05% of the share.
• Meanwhile, by the end of 2028, the estimated revenue will be $11.45 billion.
• On the other hand, the market’s volume growth from 2023 to 2028 was 11.5%.
• The sales volume change of the VR headset market in 2028 will account for 2.14%.
• As of 2024, the annual unit sales of VR Headsets were expected to reach above 11.2 million units worldwide.
• The VR headset shipment in 2023 resulted in 9.59 million units by the end of 2023, and the year-over-year growth has forecasted 43% from last year.
• As per a report published by Startups magazine, in 2023, global revenue generated by VR headset sales has resulted in $9.1 billion, resulting in 13% more growth than last year.
• In 2023, Chinese businesses spent over $2.8 billion on VR headset industries and were dominating nations worldwide.

Facts on VR statistics

• In 2023, over the market, Oculus VR headsets will be termed the most popular extended reality headsets.
• Multiple sectors, such as manufacturing, healthcare, workforce development, education, etc., are now adopting VR technology.
• The top brand of this VR headset is Meta Quest.
• China earned the world’s largest VR market share in 2023, with a share above 30%.
• Around the world, shipments of AR and VR headsets will decline by 8.3% in 2023, resulting in 8.1 million units.
• The driving factors of this market are technological advancements, integration with 5G, and cloud services.
• A report published by the IMARC group states that the global VR headset market valuation will have reached $64.5 billion by 2032, with a CAGR of 20.3% from 2024 to 2032.
• According to robust virtual reality statistics, by the end of 2030, around 23 million jobs will be enhanced by both AR/VR technologies.

General Statistics

• By the end of 2027, the market size of VR headsets is going to reach above 426.8 billion.
• At least 1 VR headset is used by 13% of households in the United States.
• The total number of VR headsets will be used by 34 million people around the globe by 2024.
• In 2026, a total of 73.6 million AR/VR headsets will be sold worldwide.
• As of 2023, every month, 88% of VR headset users have used it many times.
• By the end of March 2023, Sony Corporation has planned to sell more than 2 million units of the 2nd edition of the PlayStation VR headset.
• While playing video games, 73% of users have used VR headsets.
• In the United States, 74% of VR headset owners are male.
• According to a report published by Zipdo, VR headsets are mainly used for gaming by 84% of users.

VR Headset Statistics by Per Unit Sales

6 years analysis from 2019 – 2024:

(Reference: statista.com)

• In 2023, annual VR headset sales totaled 11.2 million units; the cumulative installed base accounted for 25.82 million units.
• By the end of 2024, the annual unit sales and cumulative installed base are expected to be 14.31 million and 34.03 million, respectively.

VR Headset Statistics by Geography

• In 2023, Chinese businesses spent over $2.8 billion on VR headset industries and are dominating nations worldwide.
• The United States achieved the 2nd most significant market share, $1 billion.
• Furthermore, revenue earned by other countries’ market shares is followed by Japan ($610.9 billion), the United Kingdom ($399.7 billion), and France ($385 billion).
• In the United States, revenue generated by the VR Headset segment was forecasted to decrease from 2023 to 2028 by $0.3 billion.
• By the end of 2028, revenue is estimated to be $1.85 billion in the U.S.
• In Europe, the market revenue will increase between 2023 and 2028, resulting in 0.9 billion euros at 52.33%, and it is expected to reach around 2.65 billion euros by the end of 2028.
• Revenue generated by the VR headset segment is continuously increasing and will be $0.9 billion from 2023 to 2028, resulting in 19.91%, and by 2028, it is estimated to reach a peak, resulting in $5.37 billion.

(Source: technavio.com)

• The North American region will contribute the highest growth in the VR headset market, with around 34% from 2023 to 2028.
• In the next five years, the Asia-Pacific AR/VR headset market is expected to grow by 51% share.

VR Headset Statistics by Segments

• As of June 2023, the most popular device across the VR headset market is Meta Quest 3, which costs $499.
• On the other hand, the cost of Meta Quest Pro was around 999 US dollars.
• Based on weight, the Meta Quest 3 device featured a weight of 503 grams, and the Valve Index weighed 809 grams.
• Based on the end-device segment, from 2023 to 2030, the low-end segment is expected to gain the highest CAGR of 35.3%.
• Meanwhile, the smartphone–enabled product type segment will reach a CAGR of 33.1% in the forecasted year.
• Based on the application segment, the education segment is anticipated to register at a CAGR of 33.6%.
• By the end of 2030, the highest CAGR was accounted for by the Asia Pacific region with over 32.9%.

VR Headset Statistics by Market Leaders

(Source: learn.g2.com)

• Meta dominates VR headset’s market share with 90% in 2023.
• Meanwhile, ByteDance’s Pico holds a market share of 4.5%, and others save 5.5%.
• As of 2023, Meta has sold over 10 million Oculus Quest VR headset units.

AR/VR Headset Companies Statistics

(Reference: cdn.idc.com)

• In the 1st quarter of 2023, the top AR/VR headset Company worldwide is Meta, with a share of 47.8% and 50.2% share in the 2nd quarter of 2023.
• Other companies share in the 1st and 2nd quarter of 2023 are followed by Sony (35.9% and 27.1%), ByteDance (6.1% and 9.6%), DPVR (1.7% and 2.2%), Xreal (1.3% and 2.5%), HTC (1.4% and 2.0%), and others (5.7% and 6.4%) respectively.

AR / VR Headset Statistics by Shipments

• Around the world, shipments of AR and VR headsets will decline by 8.3% in 2023, resulting in 8.1 million units.
• A report published by International Data Corporation (IDC) states that shipments of AR/VR headsets are expected to grow by 46.4%.
• By the end of the 3rd quarter of 2023, Meta’s shipment recorded the highest market share, resulting in 55.2%.
• VR headset market shipment as of December 2023 is expected to be 7.6 million and 21.9 million by the end of 2027, with a CAGR of 30.1%.

5 Years Analysis of Shipment From 2021 to 2025:

(Reference: headphonesaddict.com)

• In 2023, worldwide shipments of VR headsets accounted for around 18 million.
• On the other hand, by 2023 and 2024, total VR shipments will be followed by 23 million and 29 million, respectively.

11 Years Analysis of AR and VR Headset Market Size From 2022 to 2032

(Reference: precedenceresearch.com)

• As per the above graph analysis 2023, the global market valuation of AR and VR headsets has resulted in $9.19 billion, along with a CAGR of 35.6% from 2023 to 2032.
• As of 2024, the estimated market size of AR/VR headsets will reach around 412.47 billion.
• Furthermore, in coming years, the expected market size is followed by 2025 ($16.9 billion), 2026 ($22.92 billion), 2027 ($31.08 billion), 2028 ($42.15 billion), 2029 ($57.15 billion), 2030 ($77.5 billion), 2031 ($105.09 billion), and 2032 ($142.5 billion).

6 Years Analysis of VR Headsets Volume Growth From 2022 to 2027

(Reference: vpnalert.com)

• As of 2023 and 2024, VR headsets’ sales volume growth rates are followed by 13.7% and 8.5%, respectively.
• Furthermore, in coming years, VR headsets volume growth shares are followed by 2025 (5.5%), 2026 (6.5%), and 2027 (0.6%).

VR Headset Statistics by Consumers

• According to VR headset statistics, in the case of choosing a VR headset, consumers’ preference statistics are followed by good image resolution (52%), comfortable headsets and controllers (44%), and high-quality audio (39%).

(Source: vpnalert.com)

• As of March 2023, around 42.05% of Oculus Quest 2(steam users) used VR headsets.
• Other shares of Steam users with various VR headsets are followed by Valve Index HMD (13.16%), Oculus Rift (9.59%), HTC Vive (5.67%), Windows Mixed Reality (3.82%), and others (25.36%).

VR Headset Statistics by Usage

(Source: vpnalert.com)

• As of the above image analysis, daily usage of VR headsets is 32% in 2023.
• Other usage shares are followed by weekly (31%), monthly (20%), fewer times per year (11%), and once-ever (6%).

(Source: learn.g2.com)

• As of 2023, monthly, 88% of VR headset users have used it many times, and every week, 60% of users are using it multiple times.
• Out of 10 users, 7 VR headsets use this device to play games.
• Almost 13% of VR headset users used it for over 1 hour.
• Around 22% of VR headset owners have used VR devices to create music, art, and videos, and 35% of people use VR headsets for exercise and workout purposes.

VR Headset and Controller Statistics by Spending

(Reference: headphonesaddict.com)

• 39% of people in 2023 have spent above $700 on VR headsets and controllers.
• Other percentages of people’s spending amount are 35% (above $300), 12% (0), 11% ($700 to $1000), and 3% (above $1000).

Reasons for using VR headsets in 2024

• A study published by XRtoday states that in recent days, most companies have been using virtual reality headsets for different purposes.
• VR technologies have improved performance rates by 40% and unlocked several work-related benefits.
• Virtual reality headsets have improved employee experiences by enabling more doors for immersive collaboration sessions and overcoming challenges and other issues.
• In product development, VR headsets also helped save money and time.
• It also enabled the improvement of employee training programs and reduced workplace injuries by 43%.
• The customer experience has been improved due to virtual reality headsets.

Conclusion

The outlook of the VR headset market is optimistic, with enormous growth, and it is expected to reach higher in the coming years. This industry has revolutionized many industries, allowing users to interact with simulated environments and enabling first-person view experiences. This article includes several detailed segmental analyses of the VR headset market, such as market share, market leaders, sales rate, shipments, geography, usage, companies, reasons, etc. This paper will help you understand the market for VR headsets in recent years.

Smart TV statistics: Are you thinking of buying a smart TV this year? Don’t get confused because there are several different manufacturing brands available in the market, this article includes insights from various aspects that provide light on why Smart TV is so trending and popular in recent days. Over the world billions of users are showing interest in Smart TVs and demand is increasing these TVs are implemented with advanced technology and improved processors with AI (artificial intelligence). A report published in Research and Market states that by 2030 the market size of global smart TV is expected to reach $ 451 million with 11.4% of CAGR from 2023 to 2030. Hope, these statistics guide you better in choosing your suitable smart TV.

Editor’s Choice

(Source: Research and Market.com )

• As of 2023, in the United States of America, the average number of smart TV users is expected to reach 190 million.
• In the United States, all in-home video streaming via Smart TV is done by 55%.
• In the year 2023, the market size of Smart TVs is going to be $211.42 billion and the year-over-year growth rate in 2023 is 10.33%
• The global market of Smart TV by 2030 is expected to be $451.26 billion.
• In the 1st half of 2023, the average selling price of Smart TV has dropped by 3% which results in $380.
• At the same time, the most popular TV equipped with 8GB internal storage with a remarkable growth of 33% year-over-year.
• In 2023, the Smart TV market of the Asia Pacific region accounted for the largest revenue share with more than 40%.
• Around the world, total shipments of Smart TVs in 2023 are around 199 million units, which has slightly decreased from last year.

Facts About Smart TV

• Samsung brand holds the highest market share of 23% in the Smart TV market.
• Whereas, other Smart TV brands’ market share is followed by LG with 18%, Sony at 14%, Vizio (9%), TCL (7%), and Hisense (6%) around the world.
• The Smart TV sold market share statistics by price range are followed by $500-$1000 with 45% share, $1000-$1500 (25%), $1500-$2000 (18%), more than $2000 (4%), and less than $500 (8%).
• While 60% of people earning less than $50,000 are using more Smart TV users around the world in 2023.
• Owner of Smart TV statistics by annual income is followed by less than $25,000 (20%) and income level between the ranges of $25,000 to $50,000 (30%).
• As of 2023, around the world, people are willing to pay more than $1000 for adopting Smart TV with high-quality features.
• There are 75% of users of Smart TV are college students in 2023.

General Smart TV Statistics

• In the United States, the market size of the Smart TV market in 2023 is expected to be $31.34 million units and by 2028 it is going to be $34.10 million units with a 1.70% CAGR.
• Worldwide sales of Smart TVs in 2023 are around 80 million units.
• American people aged between 35 years to 54 years own a Smart TV share of 49%.
• In the United Kingdom, the share of Smart TV owners is 77% those are aged between 35 years to 44 years.
• In the 1st quarter of 2023, the global shipment of TV streaming has grown by 2% along with enabling strong performance of Sony’s PS5.
• Total Smart TV usage dropped in February due to a lack of high-demand content available.

(Source: nielsen.com)

• As of February 2023, the usage of cable and broadcast has reduced by 5.7% and 9.2% respectively.
• In January 2023, the shares of Smart TV trend statistics are followed by Broadcast (24.9%), Cable (30.4%), Streaming (32.8%), and others (11.9%).
• On the other hand in February 2023, the shares of Smart TV trend statistics are followed by Broadcast (23.8%), Cable (30.2%), Streaming (34.3%), and others (11.7%).
• In the first half of 2023, the shipment of Indian Smart TVs has declined by 5% year-over-year.

Market Leader’s Statistics

• As of 2023, at the helm of the Smart TV industry, Xiaomi has experienced the highest position with a market share of 14%.
• Samsung Smart TV secured the second position holds a 13% market share.
• LG Smart TV follows other market shares with 12%, TCL Smart TV (8%), and OnePlus Smart TV (7%).
• In the United States revenue earned by Smart TV is going to be $18 billion and by the end of 2028, it is expected to be 0.79% of CAGR.
• The market size value in India is expected to be $11.7 billion by the end of 2023 and by 2030 it is supposed to be $32.57 billion with a 16.7% CAGR.
• By the end of 2033, the Chinese market for Smart TVs is expected to expand by 16.5% of CAGR.
• At the end of 2026, global Smart TV ownership is expected to increase up to 1.1 billion households, with 51% of them.

By Operating System Statistics

• The highest share of operating systems in-home streaming via a Smart TV in 2023 is Android TV (35%)
• The market share of WebOS OS is 25% whereas; Tizen includes 20%.
• Others are followed by Roku TV (10%), and others (10%).
• The most popular technology used in Smart TVs is Organic Light Emitting Diode (OLED) and QLED, whereas other technologies used are Artificial Intelligence, 8K resolution, and IoT integration.
• In 2023, the adoption rates of traditional LED Smart TV have decreased in 2023.
• Some challenges experienced in the Smart TV technology are limited content availability, compatibility issues, security concerns, and user interface.

By Generation

• As of 2023, in the United States the most users per month of Smart TV by Gen Z with 52.2 million people.
• Other user statistics by generation are followed by Millennials (61.5 million), Gen X (51 million), and Baby Boomers (33.1 million).
• By the end of 2025, the user statistics are followed by Gen Z (56.1 million), Millennial (62.6 million), Gen X (50.5 million), and Baby Boomer (31.6 million)
• The frequency share of Smart TV usage statistics in 2023 is followed by 18 years to 34 years (65%) and daily they spent around 3 hours.
• On the other hand, for people aged above 55 years frequency usage is 35% market share, and daily time spent is almost 1 hour.
• Whereas, the ownership share of Smart TV in North America is about 40% of households, Europe with 35%, Asia-Pacific (20%), and Middle East and Africa at 5%.

By Resolution Statistics

• In 2023, the Smart TV market has enhanced in recent years, the most available and affordable resolution of Smart TV is 4K with a market share of 60%.
• Whereas, the 8K resolution of Smart TV is quite expensive than 4K and is not adopted widely around the world thus, holding a 10% market share.

Brand-wise Smart TV Statistics by Resolution

• Samsung is the biggest brand in the market of Smart TVs and the most sold Smart TV with 4K resolution with 65% sales. Whereas, other sales share by resolution are 8 K (20%) and 1080p (15%) in 2023.
• LG’s sales share of 4K resolution Smart TV statistics is 70%, others are 8K with 20% sales share and 1080p with 10%.
• Sony’s sales share of Smart TV with resolution is followed by 4K (60%), 1080p (30%), and 8K (10%).
• Panasonic’s sales share of Smart TVs with resolution is followed by 1080p (50%), 4K (40%), and 8K (10%).

By Screen Shape Statistics

• Currently, the most demanding Smart TV screen size is 32 to 45 inches with a revenue share of around 40% with the integration of 4K technology.
• As of 2023, Smart TV’s most common screen types used are traditional 21:9 (ultra-wide), 16:9 (Widescreen), and 4:3 (Standard) aspect ratios.
• In recent years, the sales shares of Smart TV screen types are followed by ultra-wide with 20%, Widescreen (75%), and Standard (5%).
• According to Smart TV statistics, the global Smart TV market of flat screens is more than 80%.
• In 2023, the largest market share of flat-screen TVs is projected to be $250 billion.

By Screen Size Statistics

• The shipment of 55-inch Smart TV market share resulted in 35% and is termed as the most popular by the end of 2023.
• The next closest screen size of Smart TV is 65 inches with 28% market share.
• Furthermore, other screen sizes of Smart TVs market share are followed by 75 inch (14%), 40-49 inch (12%), 50-54 inch (11%), and 40 inch (1%).

By Distribution Channel Statistics

• The global Smart TV is sold through E-commerce platforms as a distribution channel by estimating a share of 60%.
• Smart TV sold via company websites in the same year is expected to be 20% share.
• The most popular distribution channel for Smart TV is online retailers in 2023 and the market share is supposed to be 45%.
• Whereas, the market share of Smart TV is followed by brick-and-mortar (35%), and direct sales (20%).

By Regional Statistics

• The market share of Smart TV in 2023 is experienced by North America with $22.1 billion and annually it is expected to be 0.85% of CAGR from 2023 to 2028.
• In Africa, the revenue generated in 2023 is accounted to be $2.7 billion with 0.38% of CAGR by 2028.
• Other revenue in the Smart TV market amounts other regions are followed by America ($29.2 billion), Asia ($32.3 billion), Australia and Oceania ($1.8 billion), Caribbean ($0.5 billion), Central and Western Europe ($19.6 billion), Central Africa ($224.4 million), Central Asia ($260.6 million), Eastern Africa ($0.9 billion), Eastern Asia ($23.3 billion), Eastern Europe ($3.9 billion), Europe ($31.3 billion), North America ($22.1 billion), Northern Africa ($0.5 billion), Northern Europe ($1.8 billion), South America ($6.3 billion), Southeast Asia ($3.6 billion), Southern Africa ($0.4 billion), Southern Asia ($3.7 billion), Southern Europe ($6 billion), Western Africa ($0.6 billion), and Western Asia ($1.4 billion).

Online Streaming Statistics

• Around the world, almost 1.1 billion people will be using Smart TV in the year 2023.
• Smart TV owners by 70% are currently using their devices for streaming.
• Around 76% of Smart TV owners are using Netflix for streaming various shows. Whereas, other online streaming platform shares are followed by Amazon Prime Video (58%), and Hulu (45%)

Indian Smart TV Shipments Statistics

• The Indian Smart TV market is expecting to ship more than 10 million units by the end of 2023.
• The market share of top brands of Smart TV is followed by Brand A with 35%, others are followed by Brand B (25%), and Brand C (20%).
• In the 2^nd quarter of 2023, the shipment shares of Smart TVs of different companies are followed by TCL (7.2%), LG (9%), ONEPLUS (9.3%), Samsung (9.6%), MI (9.8%), and Others (55.1%).

Conclusion

As of now, after completing the article on Smart TV statistics it can be clearly stated that in recent years the usage has become popular enormously. Mostly to technological development the market share of Smart TV has increased effectively due to increased demand for high-quality video content, and easy streaming services. This article includes many effective statistics about Smart TV usage around the world will help in understanding the topic better. Let us know, which brand of smart TV you are going to invest in!

Computer Speakers statistics: computer speakers or multi-media speakers are a type of speakers designed for use in conjunction with computers, however, they can be used for different audio applications, e.g. for the use of an audio player, for example. The majority of these speakers come with an internal amplifier, and therefore require power sources such as a mains power supply, typically through the AC adapter batteries, an AC adapter, or the USB connection. The statistics of computer speakers is a topic that has been largely ignored and requires to be made more clear.

Signal input plugs are typically one that is a 3.5-millimeter jack plug (usually colored lime green, as per PC 99). PC 99 standard); RCA connectors can be employed in conjunction with the USB port and could provide power and signal (requiring an additional circuit, and only usable in conjunction with computers). Wireless and powered by batteries Bluetooth speakers need no connection at all. Many computers have speakers with low power and of poor quality included. When you connect external speakers, they turn off those built into the computer. Altec Lansing claims to have invented the market for computer speakers in the year 1990.

Key Pointers

• The market for Speakers will be US$43.7bn by 2023. The market is predicted to increase every year by 6.10 percent (CAGR 2023-2028).
• Globally, the majority of revenues are derived from China (US$11,500.0m for 2023).
• In terms of total population numbers, the per-person earnings of US$5.69 are expected to be earned in 2023.
• In the market for Speakers, it is predicted that the volume will reach 626.7m pieces in 2028. The market for Speakers is predicted to witness a growth of 8.3 percent by 2024.
• The volume of speakers per person in the speaker market is predicted to be 0.1 pieces by 2023.

Application Insights:

PC, Mac, and Notebook are the major application segments of the global computer speaker market. In 2015, PC dominated this market with a share of over 60%. The increasing usage of personal computers in offices, homes, and other places is one of the key factors driving this segment. Furthermore, the introduction of advanced audio technologies such as surround sound through these devices is also boosting their demand globally.

Mac is the second largest application segment and is expected to grow at a higher rate than PC. This is due to the increasing popularity of Macs in schools and offices, where they are used for audio-visual presentations.

Wireless speakers are also gaining traction in this market as they offer portability and convenience. Notebook speakers are expected to grow at a higher rate than other types of speakers due to their increasing popularity in the business world. They are used for presentations, gaming, and other activities that require high-quality audio.

The Other application segment includes tablets and smartphones. Tablet speakers are used for playing music & and videos on tablets as well as providing alerts & and alarms on tablet devices. Increasing use cases such as watching movies or TV shows on tablets will boost their demand over the forecast period globally.

Moreover, smartphones have been gaining popularity rapidly across all age groups, especially in developing countries like India & and China where internet usage has increased significantly over the past few years.

Computer Speaker The Current Analysis

• Boston, MA – December 16 15th, 2015 – Music’s main focus in the last decade has been on digital convenience and usability new research from the the global firm of intelligence Strategy Analytics reveals how sound quality has been neglected since speakers with low quality are now the main way users listen to music.
• The built-in speakers of laptops and desktops are among the most popular methods Americans consume music (cited in 55% of those surveyed) then headphones attached to an external device (41 percent) and separate radios (41 percent) and TVs with built-in speakers (29 percent).
• With radios included, only four of the top ten most used are specifically designed music playback devices, such as wireless loudspeakers (12 percent) as well as wireless speakers (11 percent), and docking stations for speakers (10 percent).

(Reference: strategyanalytics.com)

Even with the devices’ low quality 43% of users are “very satisfied’ with audio quality while 26% are “somewhat content’.

“Music’s primary focus in the last decade has been on the ease of use and being able to access it onto the most devices possible while audio quality has been overlooked or omitted in this race to portability,” says David Watkins, Strategy Analytics’ director of Connected Home Devices. “It’s been a breeding ground for a new generation of listeners that haven’t experienced what it’s like to enjoy high-quality audio and, as a result, is already ringing the death knell to audio systems like the hi-fi systems.”

However, awareness of the issue grows, it is evident through the likes of legendary music producer Neil Young – who removed his music from Spotify due to the sound quality and established a company called Pono that provides high-quality music sound more than fifty percent (51 percent) are interested in quality audio.

Watkins says: “There is an appetite for consumers to push beyond what they currently have, but businesses face a challenging task of convincing consumers to invest in higher-end equipment. It’s only the beginning of a long process to gain the market to accept that we should move back to audio that is of high quality.”

How Many Brands Have Stereo Speakers?

The market for stereo speakers has seen significant growth during the past few years. After a decline from 24 to 23 billion U.S. dollars in 2022, the stereo speaker market is predicted to grow once more soon.

This trend is evident in the size of the market which is expected to exceed 240 million units by 2023.

The Computer Speakers statistics are a subject that can be studied more thoroughly.

Several consumer electronics manufacturers have made their entry into the stereo speaker market and Sonos, Sony, and Harman being among the leading market players. In particular, in 2022, Sonos recorded about 1.4 billion U.S. dollars in revenue from stereo speakers. Sony reported revenues that were 2.4 billion U.S. dollars from its audio and video division in the financial year 2021.

On average, speakers cost around 105 U.S. dollars in 2022 however, depending on their capabilities and features they can cost upwards of 500 euros. For example, the Harman Kardon Citation 200 was deemed the top wireless speaker, selling between 499 and 200 euros.

(Reference: statista.com)

A Rise in the Popularity of Smart Speakers

In the last few years, Google as well as Amazon, two of the biggest tech companies have entered the market of speakers with their smart speakers. In general, the market for smart speakers has seen a dramatic increase in the past 10 years with revenue forecast to surpass 18 billion U.S. dollars in 2023.

It is the Google Home and Amazon Echo are the most popular on the market and have transformed the speaker’s role from one that piped music to your home, to one that allows you to organize your day, respond to your questions, and even control certain areas of your home.

For example, in a 2022 Statista study of speakers that are used in U.S. homes, Amazon topped the top of the list of speakers owned by the majority of households with a clear lead over audio brands such as Pioneer as well as Harman. Computer speaker statistics show an accelerated increase in popularity of the same.

Important Computer Speakers Statistics

#1. 43 million Americans have a Smart Speaker

The majority of these reside in California and are 18 percent of the adult population. Netflix is home to more than two times the number of subscribers as smart speakers, however getting close to 20% penetration of any electronic device used by consumers is an impressive feat, especially within a small amount of time.

#2. Smart Speaker’s Ownership varies Little in Age

Perhaps more than any other technology device, smart speaker use has been welcomed by Americans of all ages. The rates of ownership of these gadgets are equal for those who are 35 and 45 or 55 years old.

(Reference: convinceandconvert.com)

#3. Smart Speakers owned More of the time by women

Today, 54% of all owners of smart speakers are female.

#4. In 2018, The Majority Of Smart Speaker Owners are Very New Users

According to the Smart Audio report found that 3/4 of the owners of smart speakers have owned their devices for less than a year, with the remainder (26 percent) falling into the category of first adopters and having their Amazon Alexa or Google Home for longer than 12 years.

#5. When You Have a Smart Speaker, You’ll Usually Make use of it more often than when You Purchased it initially.

Some of the more fascinating results of this report were it shows that the majority of first users (who have had the smart speaker for more than a single year) utilize the device more frequently than they did during the first month of possession. This is particularly evident for those who are new buyers with 54% who are claiming to utilize their smart speakers more frequently than they did in the first month.
This is a fundamental statement about the wide-ranging capabilities of these electronics for the consumer market as well as the desire of owners to find ways to make use of smart speakers in their daily lives.

#6. Once You Have an Audio Speaker, you’ll likely purchase more

About 50 percent of Americans who own a smart speaker have at least two of these gadgets. And among owners who have owned an intelligent speaker for more than a year 27 percent have three or more devices.

#7. Smart Speakers are Probably to be the most dominant Audio Player

The sources for audio-related listening are numerous and diverse including audiobooks, AM/FM radios, car stereos, smartphones, and much more, it’s amazing that, among those who have owned a smartphone or smart speaker for more than a year, they are the ones that listen to the most frequently.

It’s not the case with newer owners of smart speakers which confirms the conclusion of this Smart Audio report that as users spend more time on the devices, they use them more frequently and in a variety of ways. Statistics on computer speakers show an increase in the volume of audio players that dominate the market.

#8. Podcast listeners love Smart Speakers

For the younger (less than a year old) users of these smart devices 39% listen to podcasts through the devices at least once every week. A staggering 70% of the group have heard a podcast in the past through the Amazon Alexa or Google Home device.

(Source: convinceandconvert.com)

#9. Smart Speakers Could Solve Problems with the “Podcast Discovery” Problem

The development of the podcast (see our most important podcast statistics for 2018 in this Computer Speakers statistics) was steady however without an actual breakout moment. The theory has been around for years that the main thing hindering the growth of podcasts has been the simple requirement to install a podcast application for your smartphone, laptop, or car, and then search for or “discover” great shows that are worthy of your attention.

The latest report from Edison Research suggests that smart speakers could address this omission. 74 percent of owners of smart speakers that listen to audiobooks do it directly on their device that is, they tell the device “Alexa start playing”the Social Pros podcast” (my podcast). It’s as simple as it gets and could lead to an era of more podcast listening.

#10. The Smart Speaker’s Education Program is the Key to Unlocking Use

Being a very early adopter of the smart speaker technology myself, I completely believe this conclusion in the report:
65 percent of the new owners of smart speakers claim they don’t have enough knowledge about the capabilities of the device. accomplish.
Every second you will find a new recipe, tool, or voice command which your smart speaker will communicate with. I get regular emails from Amazon with new updates however, it’s akin to drinking from a swimming water pool using straws. There has to be a better method to discover how to get the most value of smart speakers.

#11. Smart Speakers are Accessible to the Whole Household

In addition to Television, these smart devices might be the most popular technology that has ever been developed for the consumer. Seventy-three percent of users say that their children at home utilize smart speakers. Amazon Alexa or Google Home device.

#12. “Word of Mouth” is driving Smart Speakers Adoption

We’ve not seen a large amount of advertisements on these devices because advertising is usually not needed. The owners of smart speakers are driving to the next stage of use via word-of-mouth or by gifts.

In reality, 61% of all new owners of smart speakers have urged their acquaintances to buy an item.

#13. Smart Speakers’ Usage Spawns more reliance on voice assistance

Once you’ve switched to voice, you will never return. In the case of new owners of smart speakers (less than a year), 56% are also making use of the voice assistant feature on their phones more frequently.

#14. Smart Speakers are Snatching Share from Other Media

Once you have started using the smart speakers, you could be able to see the time available for other media formats to decrease. For example, among smart speakers:

#15. 45 percent of listeners are tuning in to less radio

• 38% of people use their phones less
• 32% are less likely to read magazines and newspapers
• 29% of them are not watching as much television.

This suggests the likely possibility that the smart speaker may not just be the primary music device, but will also be the main entertainment hub and information retrieval device for millions of Americans.

#16. Smart Speaker owners are 2018 tolerant Of Brand Engagement

One of my favorite facts in the Smart Audio Report is the fact that 8/10 smart speakers are open to new skills and features developed by brands. Compare this with the 49 percent of Americans who have at least one brand’s Facebook page and you will see that the smart speakers in 2018 have been more attracted (for at least the moment) to engaging with brands on this level.

Regional Analysis:

North America is expected to be the largest regional market, followed by Europe. The growth in North America can be attributed to increasing demand from end users such as businesses and home consumers, as well as the presence of large multinational companies. In Europe, the growth is mainly driven by the increased adoption of technology in households and small businesses. Computer speaker statistics is a crucial point that is to be studied.

Latin America is expected to grow at a slower pace than other regions over the forecast period. This can be attributed to factors such as high levels of poverty and low levels of digital literacy in many countries in Latin America. Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period.

The growth can be attributed to increasing disposable income, coupled with the rising adoption of technology in developing economies such as China and India. Furthermore, the growing demand for high-quality sound systems in cars and homes is anticipated to drive regional product demand over the forecast period.

Computer Speakers Market

The companies profiled in this report include:

• Philips –  Koninklijke Philips revenue for the period ending September 30th, 2023 was $4.866B which is an increase of 9.47 percent increase from year to year. Koninklijke Philips revenue for the twelve months ended September 30 2023 was $14.213B and an increase of 27.6 percent decrease year-over-year.
• Samsung Electronics –  Samsung Electronics today released figures for its third-quarter financials which ended September 30th, 2023. The total revenue of the company reached KRW 67.40 trillion. That’s which was an increase of 12% from the previous quarter, mostly due to the release of new smartphones as well as higher prices of premium display devices.
• Creative – Creative Newtech Ltd’s revenues jumped 32.65 percent from a similar period to Rs432.81Cr during the quarter 2 2023-2024. From a quarter-to-quarter growth perspective, Creative Newtech Ltd has produced a -8.17 percent decrease in revenue over the last three months.
• Edifier Exclaim – Founded in May in Beijing, Edifier is the creation of a small team of music enthusiasts who were enthused and entrepreneurial. In the last twenty-five years, Edifier was guided by the tenet “passion for sound” which has helped the company establish itself as a world-class designer and manufacturer of award-winning audio systems.
• Polk Audio – Polk Audio’s total revenue was $13.1 million. Polk Audio’s peak revenue was $13.1M in 2022.
• Bose Non-voting shares were donated to MIT by the founder Amar Bose, and receive cash dividends. According to the Annual Report for the fiscal year 2021 year, Bose Corporation’s annual revenues were $3.2 billion. The company employed a total of 7,000 employees.
• Sony – Sony earnings for 12 months that ended the 30th of September, 2023, was $88.935B which is a 6.11 percent increase over the previous year. Sony’s total revenue in 2023 stood at $85.395B which is which is a 3.29 percent decrease from 2022. Sony’s total revenue in 2022 stood at $88.301B that’s which is a 4.38 percent increase over 2021.
• Harman – The worldwide earnings of Harman totaled around 2.9 million U.S. dollars in the third quarter of 2023.
• Audio engine Audio Engine – The Story of Audio Engine, is a Texas independent audio company established in Austin, Texas.
• Jamo – Klipsch Group, Inc. – is the main company behind Klipsch Audio Technologies, also is the owner of the Danish company that makes loudspeakers, Jamo, and in 2006 purchased the brands Mirage, Athena, and Energy from Audio Products International (API) from Canada.
• Sansui Sansui Sansui Electric Co. Ltd. – is a Japanese producer of video and audio equipment. The company’s headquarters are in Tokyo, Japan, it was a part of the Bermuda conglomerate. The company was established in Tokyo around 1947. It was founded by Kosaku Kikuchi, who had been employed as an electronic part distributor in Tokyo before but also throughout World War II.

Conclusion

Understanding the reason and where to put them should be a top priority before you buy a set of speakers. If you don’t, you’ll end up purchasing the wrong model for your needs. In this Computer Speakers statistics, I’ve shown the most commonly used and well-used speakers that you could consider useful. The truth about the various kinds of speakers is nearly identical. Some speakers can produce top quality and have a broad range of sounds however others might not provide enough. However, external speakers can greatly enhance the quality of your films and music and movies. Statistics on speaker performance from computers can tell us the research behind the necessity for smart speakers up to now.

Bluetooth Speakers Statistics: Whether you are a party host or a music lover, now say goodbye to the hassles of wires and say hello to the Bluetooth speaker, which improves your audio environment. There are several types of Bluetooth speakers available on the market, with different specifications and features. Most significantly, they allow you to keep balance within and outside of your home when playing. Let’s dive into the article to understand all the current trends of the market, as Bluetooth Speakers Statistics include several statistical analyses from different aspects of the market.

Editor’s Choice

• According to Bluetooth Speaker Statistics, the shipment of Bluetooth speakers increased more than expected in 2023, reaching 360 million.
• Manufacturers plan to implement Bluetooth technology in 98% of all speakers by 2023.
• As of 2023, the worldwide market for Bluetooth speakers was $14.6 billion and is expected to reach $57.3 billion by the end of 2032.
• The compound annual growth rate of the market will grow by 15.9% from 2024 to 2032.
• In the United States of America, nearly 105 million people (30% of the population) used smart speakers per month in 2023.
• Bluetooth Speaker Statistics further states that the Bluetooth speaker market in the U.S. was $3 billion in 2023.
• Meanwhile, the market has approached 34 million unit shipments in the nation.
• Recent speaker models generally use Bluetooth 4.0 and Bluetooth 5.0.
• Bluetooth Statistics further states that on 22^nd April 2023, JBL launched two eco-friendly versions of portable Bluetooth speakers, Go 3 Eco ($50) and Clip 4 Eco ($80).
• The prominent manufacturers of Bluetooth speakers are JBL, Sonos, Bose, Logitech, ViewSonic, Philips, Terratec, Pioneer, etc.

Facts About Bluetooth Speaker

• The appropriate frequency required for Bluetooth speakers is usually between 100Hz and 20 KHz.
• Bluetooth speakers with heavy batteries can last for more than 10 hours.
• Bluetooth speakers allow users to play music and listen to podcasts and other content without wired connections.
• The incorporation of voice assistants like Alexa and Siri into Bluetooth speakers has enhanced the market’s popularity.
• Smart speakers such as Google Home and Echo can also be used as Bluetooth speakers once they are paired with an Android or iOS device.
• Normal speakers can also be turned into Bluetooth speakers simply by buying a Bluetooth adapter.
• Ten important things that must be considered before buying a Bluetooth speaker are sound quality, portability, battery life, connectivity options, water and dust resistance, Bluetooth range, durability and build quality, additional features, brand reputation, and budget.
• Some negative features of Bluetooth speakers are low battery, signal interference, connecting issues beyond the recommended range, incompatible audio devices, and malfunctioning music apps.

General Bluetooth Speaker Statistics

(Source: mordorintelligence.com)

• As of 2024, the market size of the Bluetooth speaker is anticipated to reach up to $15.24 billion.
• The market is expected to increase to around $38.28 billion by the end of 2029, at a CAGR of 20.22% from 2024 to 2029.
• Bluetooth Speaker Statistics also stated that, in May 2023, Sony Electronics Inc. launched two new wireless speakers, the SRS-XV800 and the SRS-XB100.
• A leading mobile accessories brand, Inbase Technologies, launched a compact Bluetooth speaker named ‘Boom Box’ in July 2023.
• In February 2023, a new wireless Bluetooth speaker was launched by Zebronics, named ‘Rocket 500’.
• According to Bluetooth Speaker Statistics, the global market revenue of waterproof Bluetooth speakers will be $3.2 billion by 2030.
• By the end of 2025, the Bluetooth device segment should reach around 6.4 billion shipments

Wireless Bluetooth Speaker Statistics

(Source: market.us)

• As of 2023, the market size of global wireless Bluetooth speakers generated $7,770.9 million.
• According to a report of Bluetooth Speakers Statistics, the forecasted market valuation in coming years is followed by 2024 ($8,641.3 million), 2025 ($9,609.1 million), 2026 ($10,665.3 million), 2027 ($11,882.1 million), 2028 ($13,212.9 million), 2029 ($14,692.7 million), 2030 ($16,383.3 million), 2031 ($18,168.2 million), and 2032 ($20,203 million).
• Moreover, the sales of wireless Bluetooth speakers are estimated to surge at 12.2% of CAGR from 2023 to 2032.

Portable Bluetooth Speaker Statistics

• As of 2024, the market valuation of portable Bluetooth speakers is estimated to be $7,521.6 million and will reach $20,521 million by the end of 2034, with an annual growth rate of 10.6% CAGR from 2024 to 2034.
• East Asia’s market for Bluetooth speakers reached a record 30.7% share in 2024, followed by the North American market, which had a 25.8% share.
• The U.S. market is predicted to dominate the North American portable Bluetooth speaker market by the end of 2030, with a market valuation of $4,853.6 million.
• Meanwhile, the annual growth rates of other countries are Canada (13% CAGR) and Mexico (12.1% CAGR) from 2023 to 2030.
• In 2024, based on sales channels, the organized retail stores segment of Bluetooth speakers turned out to have a 63.1% share.
• However, based on usage type, the market share of the Bluetooth car speaker segment resulted at 25.7%.

By Geography

• Bluetooth speaker statistics state that in 2024, the East Asia market for Bluetooth speakers approached its highest share of 30.7%, accounting for $2,309.1 million in revenue.
• The East Asian countries with the highest share of Bluetooth speakers are China (50%), Japan (29.8%), and Korea (19.9%).
• The North American Bluetooth speaker market will have a 25.8% share, worth $1,940.6 million.
• Furthermore, the United States (78.2%), Canada (15.3%), and Mexico (6.5%) have the highest shares in other countries.

By Age Group

(Reference: univdatos.com)

• According to Bluetooth speakers statistics, 24% of Bluetooth speaker users are between 45 and 54 years old.
• Meanwhile, 21% of the user share is aged from 35 to 44 years.
• Followed by another ownership share by Bluetooth speakers by age group are 18% (25 to 34 years), 15% (18 to 24 years), and 22% (above 55 years).

Bluetooth Audio Device Shipment Statistics

(Reference: statista.com)

• Wireless speakers and headsets are Bluetooth audio devices, and the above graph describes the Bluetooth device shipment analyses.
• The annual shipment of Bluetooth audio devices was around 1.46 billion units in 2023 and will reach 1.57 billion units by 2024.
• Moreover, shipments are estimated to increase in the coming years, such as in 2025 (1.67 billion units), 2026 (1.74 billion units), and 2027 (1.84 billion units).

By Import and Export

• In a report analyzed by Volza on December 2023, the worldwide shipment of Bluetooth speakers recorded around 206.2K, which were imported by 9,031 buyers and exported by 8,658 suppliers.
• Bluetooth speaker statistics state that Vietnam (84,472 shipments), India (40,602 shipments), and the United States (36,592 shipments) are the countries that import Bluetooth speakers.
• The top 3 import product categories of Bluetooth speakers are HSN Code 85332100, HSN Code 85182290, and HSN Code 85182190.
• The exporter countries are China (153,465 shipments), Vietnam (35,801 shipments), and Hong Kong (2,486 shipments).
• The top 3 export product categories are HSN Code 85332100, HSN Code 85182190, and HSN Code 85182290.
• Global buyers of Bluetooth speaker are India (1537), the United States (1520), Vietnam (1245), Peru (500), Philippines (366), Pakistan (339), Ecuador (162), Indonesia (153), Uganda (147), Turkey (144), Ghana (142), Kenya (136), Namibia (120), Sri Lanka (105), Bangladesh (101), etc.
• Global suppliers are China (4849), Vietnam (447), the United States (422), Hong Kong (419), India (271), South Korea (143), Singapore (100), United Kingdom (83), United Arab Emirates (83), South Africa (73), etc.

Bluetooth Speaker Manufacturer Comparison

Website Traffic Statistics by Country

(Source: similarweb.com)

• In February 2024, the total number of website visits to jbl.com was 4.7 million, which decreased by 12.37% from last month.
• As explained by Appliances Statistics, the United States had 24.47% of total traffic on jbil.com, but it was reduced by 4.21% in total website visitors.
• Furthermore, other countries recorded the following contribution in total traffic: Germany = 9.98% (-16.59%), France = 6.43% (-15.69%), Japan = 5.71% (+2.22%), and India = 5.47% (-10.08%).
• Other countries collectively made around 47.94% of visitor share.

(Source: similarweb.com)

• The highest traffic share of sonos.com was recorded from the United States with 47.36%, which website visitors have increased by (+4.04%).
• Other countries’ traffic share are the United Kingdom (11.23%-0.29%), the Netherlands (5.35% -1.63 %), Germany (5.17%-2.19%), Canada (4.35%-18.72%), and others (26.55%).

By Demographics

(Reference: similarweb.com)

• The users shared on the jbl.com website are male (67.18%) and female (32.82%).
• Bluetooth speakers Statistics by age group state that the highest number of website users observed is between 25 and 34 years old, resulting in 28.78%.
• In addition, other jbl.com users share by age group are 21.04% (18 to 24 years), 19.86% (35 to 34 years), 15.04% (45 to 54 years), 9.3% (55 to 64 years), and 5.98% (65 years and above).

(Reference: similarweb.com)

• Male and female users of sonos.com are 63.63% and 36.37%, respectively, as of February 2024.
• The highest number of website users was observed among 25- and 34-year-old users, resulting in a 26.97% share.
• The other users’ share by age group is 35 to 44 (20.96%), 45 to 54 (21.37%), 55 to 64 (13.09%), 18 to 24 (9.47%), and 65+ (8.14%).

By Traffic Source

• The highest traffic rate towards jbl.com was accounted for by organic search, with 39.43%.
• Meanwhile, other traffic sources shared are direct (19.44%), paid search (7.33%), Referral (3.66%), display (2.58%), social (1.55%), and mail (0.45%).
• The traffic rate towards sonos.com is received from organic sources (49.13%), direct (40.53%), paid search (2.67%), display (2.41%), mail (2.4%), and social (1.16%).

By Social Media Referral Rate

• On jbl.com, YouTube recorded the highest social media referral rate, with a 39.78% share compared to other social networks.
• Furthermore, other segments shared are Reddit (35.91%), Facebook (11.95%), Twitter (3.01%), Instagram (2.81%), and others (6.55%).
• On the other hand, on sonos.com, YouTube accounted for the highest referral rate share (34.86%).
• Followed by Reddit (29.19%), Facebook (11.1%), LinkedIn (5.54%), DeviantArt (3.39%), and others (15.92%).

Best Bluetooth Speakers of 2024

Sonos Roam (Most preferred Bluetooth speaker)

(Source: futurecdn.net)

• The price of the speaker varies from $97.99 to $179.99
• Specifications: weight (0.43 Kg), battery life (10 hours), wireless range (40 to 240m), frequency (over 5 KHz), connectivity (Bluetooth 5 and Wifi), driver (1 tweeter and one mid-woofer), and charging (USB-C).

Tribit Stormbox Micro 2 (best budget Bluetooth speaker)

(Source: futurecdn.net)

• The regular price range of this speaker is $59.99
• Specifications: weight (0.315 Kg), battery life (12 hours), wireless range (36m), frequency (70 Hz to 20 KHz), connectivity (Bluetooth 5.3), driver (1), and charging (USB-C).

JBL Flip 6 (mid-range best Bluetooth speaker)

(Source: futurecdn.net)

• The recent cost of this speaker is $109
• Specifications: weight (0.54Kg), battery life (12 hours), frequency (63 Hz to 20 KHz), connectivity (Bluetooth 5.1), driver (16mm dome tweeter, 45*80mm bass driver, and 2*passive radiators), and USB charging (No).

B&O Beosound A1, 2^nd Generation (Best small Bluetooth speaker for audiophiles)

(Source: futurecdn.net)

• On Amazon, the device is available for only $159.
• Specifications: weight (0.54 kg), battery life (24 hours), wireless range (30m/100ft), frequency (55 to 20,000 Hz), connectivity (Bluetooth), and charging (USB-C).

Tribit Stormbox Blast (best Bluetooth speaker for parties)

(Source: futurecdn.net)

• The price of the speaker varies between $199.99 to $224.99.
• Specifications: weight (5.45Kg), battery life (30 hours), wireless range (40m), connectivity (Bluetooth), drivers (2*4.2-in 30W woofers, and 2*1.2-in 15W tweeter), and charging (USB-C, plus USB-A for charging your device).

Conclusion

Bluetooth speakers have revolutionized the world of music because people can now enjoy music with versatility and ease of use. These speakers offer endless features that attract users of all age groups globally and help enhance the overall market size. This article on Bluetooth speaker Statistics described all possible segments of the market with its current facts, revenue, website traffic, users, shipments, and some best-picked models of speakers in 2024.

Biometrics Statistics: Starting from fingerprint to AI-powered voice and facial recognition and others, biometric technology has made a long journey in its technological innovations and advancements. Maybe used for personal or business purposes, biometrics has made huge beneficial impacts on everyday life. This article includes many effective and current statistics about Biometrics, such as impacts, application, usage, market share, and many more. Also. Also, if you are planning to invest in Biometric Authentication by 2024! This paper will be beneficial for you.

Editor’s Choice

• According to Biometrics Statistics, the leading biometric security technologies worldwide in February 2024 were CrossMatch and DataGrail, which held a market share of 17% and 10%, respectively.
• Based on a report published by Statista states that in the global market of digital identity solutions, biometric technology was the major component, resulting in $34.5 billion in revenue in 2023.
• By 2024, the market valuation of Biometrics will reach around $50 billion and will be above $54.97 billion by 2029.
• As of 2023, globally, around 72% of consumers have preferred using face biometrics over passwords for securing different online processes.
• It is expected that biometric authentication will secure around $2.5 trillion worth of mobile payment transactions by 2024.
• Biometrics allows for verifying in-person and remote payments, and by 2024, more than 60% of biometrically verified payments are supposed to be made remotely.
• Biometric Statistics also states that in 2024, more than 377 companies in the United States will be using biometric security software.
• Globally, almost 1.9 billion biometric applications will be downloaded in 2024.
• Over 75% of Americans have used biometric technology, such as fingerprint scanning, face recognition, signature dynamics, and hand geometry.
• In North America, Asia Pacific, and Western Europe, around 80% of people have enabled Biometrics on their active phones.

What Is Biometrics?

Biometrics is known to be the most pre-eminent technological equipment, and it is mainly used for authenticating and identifying individuals based on the aspect of their biology. There are different types of biometric technology available, such as fingerprint, facial, palm, voice, etc. These technologies help prevent fraud and crime cases, protect identities, save time, and allow access to several applications, such as checking employees’ backgrounds, banking, and many others.

Biometric Benefit Statistics

• As stated in Biometric Statistics 2023, nearly 47% of people claimed that English- speaking countries found Biometrics more beneficial because remembering passwords is not necessary now.
• 30% of respondents claimed biometrics authentication is beneficial for the login and onboarding process.
• Only 10% of people said that privacy is the main benefit of biometric methods.

Facts About Biometrics

• Biometric Statistics further states that in 2023, around 60% of IT and cyber security leaders in the United States will have used Biometrics such as facial recognition, fingerprint scans, iris scans, and voice verification.
• However, 46% of respondents stated that by 2024, remaining U.S. companies are planning to replace their traditional password solution with biometric authentication.
• Biometric sensors are expensive but only sometimes 100% safe.
• For mobile banking, around 70% of individuals use facial recognition authentication.
• Nearly 80% of global organizations are interested in using Biometrics.
• Utilization of fingerprint scanning is processed by 57% of businesses as a primary biometric identification method.
• 81% of customers have claimed that Biometrics is an effective means of identification verification in 2023.

General Biometrics Statistics

(Reference: precedenceresearch.com)

• In 2024, the market valuation of Biometrics approached $50.08 billion.
• The predicted market size in coming years are 2025 ($60.32 billion), 2026 ($72.64 billion), 2027 ($87.45 billion), 2028 ($105.38 billion), 2029 ($126.91 billion), 2030 ($152.86 billion), 2031 ($184.10 billion), and 2032 ($221.73 billion).
• The market will reach around $267.05 billion by 2033.
• Meanwhile, the annual growth rate of the biometric market will be 20.44% from 2024 to 2033.
• The global market size of overall biometric systems is growing enormously and, by 2027, is predicted to be $83 billion, as stated in a report by Statista.
• According to Biometric Statistics 2023, around 26% of worldwide respondents expect Biometrics to develop significantly in artificial intelligence in the coming five years.
• According to a survey conducted by Statista in 2023, almost 50% of respondents agreed that facial recognition usage would increase in the next few years, and only 7% believed the iris identification segment would rise significantly.
• Factors that are restraining the global biometric market are a lack of public trust, legislation and governance, misinformation about biometric technology, and concerns over data sharing.
• Automated fingerprint identification systems are one type of biometric technology, and the market for them is predicted to grow to $15.42 billion by the end of 2028.
• The facial recognition technology market will grow by around $19.3 billion by the end of 2032.
• The expenditure on smart identity verification approached to reach up to $18 billion by 2027.

By Market Demands

• Biometric Statistics states that 2/3 rd of people will use biometrics in 2023 as it will enable an easier and faster process.
• Around 81% of consumers have claimed biometric authentication is a secure identity verification method.
• Globally, around 72% of consumers have preferred using face biometrics to passwords for securing different online processes.
• The biometric mobile identity apps will be downloaded more than 4.4 billion by 2026.
• Worldwide sales revenue of biometric systems will reach $15.1 billion by 2025.
• In 2024, the overall market share of biometrics industries in North America will reach above 30%.

Biometric Segmental Statistics

• The net market valuation of face and voice biometric services in 2024 will reach $18,560.2 million and is expected to be $46,251.2 million.
• The annual market growth of both biometrics segments will be 9.6% from 2024 to 2034.
• However, in the above forecasted year, regional market CAGR in the United States (10.2%) and China (10.3%), respectively.
• The revenue generated by the voice biometric segment in 2024 will be $14,161.4 million, with an annual growth rate of 8.3% of CAGR.
• On the other hand, the market valuation of face biometrics will amount to $4,398.8 million, with an 8.5% CAGR.
• The leading industry segment in Biometrics is banking, financial services, and insurance companies, which are estimated to make $4,213.2 million in revenue and account for 8.9% of the CAGR.
• Meanwhile, government and law enforcement agencies approached with the goal of contributing $3,934.8 million.

United States Biometric Market Size

(Reference: precedenceresearch.com)

• The market size of the biometric industry in the U.S. turned out to be $9.98 billion.
• In coming years, the nation's market size will increase, followed by 2024 ($12.02 billion), 2025 ($14.48 billion), 2026 ($17.43 billion), 2027 ($21 billion), 2028 ($25.29 billion), 2029 ($30.46 billion), 2030 ($36.46 billion), 2031 ($44.18 billion), 2032 ($53.22 billion), and 2033 ($64.09 billion).
• The compound annual growth rate of the market will reach 20.50% from 2024 to 2033.

By Region

(Reference: precedenceresearch.com)

• The North American region had the highest market, with a share of 32%, in 2023.
• However, biometrics’s region-wise market share in Europe (28%), Asia Pacific (24%), Latin America (10%), and the Middle East and Africa (6%).

By Website Traffic Analyses

(Reference: similarweb.com)

• The United States of America had 19.22% of total traffic on biometricupdate.com, but it increased by 1.04% in total website visitors in February 2024.
• Furthermore, other countries recorded the following contribution in total traffic: Italy = 10.06% (-12.83%), India = 9.99% (+16.51%), the United Kingdom = 7.86% (24.06%) and Canada = 3.74% (15.6%).
• Other countries collectively made up around 49.13% of visitors to biometricupdate.com.

By Demographics

(Reference: similarweb.com)

• Biometric Statistics by age group states that the highest number of website users observed in biometricupdate.com is between 25 and 34 years old, resulting in 31.32%.
• 19.23% and 15.56% of users are aged from 35 to 44 years and from 45 to 54 years, respectively.
• 13.89% and 12.82% of traffic belong to 18 to 24 years and 55 to 64 years, respectively.
• 7.17% of user shares contributed from the age group above 65 years.
• Male and female user shares of the website are 60.4% and 39.6%, respectively.

By Traffic Source

(Reference: similarweb.com)

• The highest traffic rate towards biometricupdate.com was by organic search, resulting in a 62.35% share.
• 31.37% of the share is generated by direct traffic search, while 3.62% is from social.
• Other traffic sources that contribute to the website are referrals (2.05%), paid search (0.09%), and mail (0.52%).

By Social Media Referral Rate

(Source: similarweb.com)

• LinkedIn has the highest social media referral rate, with a 30.97% share compared to other social networks.
• Facebook and Twitter contribute by 22.41% and 20.04%, respectively.
• Traffic sent by Telegram is 11.39%, and YouTube contributes 8.42%.
• Other social media networks make a nominal contribution, collectively making around 6.77% of the share.

By Security Technologies

(Reference: 6sense.com)

• In the United States of America, more than 405 companies will be using biometric security tools in 2024.
• The top biometric security technology is Source, which holds a market share of 51.36% and has 208 customers in the U.S.
• Biometric technologies market share and involved customers are CrossMatch (17.04% and 69), DataGrail (7.41% and 30), Vision-Box (6.67% and 27), and Ikena Forensic (4.69% and 19).
• Meanwhile, market shares of other biometric technologies are EveVerify (3.70%), Omega Technology (2.96%), Tascent (0.99%), eSSL (0.74%), and Dyadic (0.74%).

By Biometric Security Customers

(Reference: 6sense.com)

• In accordance with biometric statistics, the majority of biometric security customers fall under the company size of 20 to 49 employees (92 companies).
• In addition, other biometric security customers by employee size in 2024 are 0-9 employees (74 companies), 100-249 employees (60 companies), 50-99 employees (34 companies), and 10-19 employees (33 companies).

By Countries

(Reference: 6sense.com)

• As of 2024, most companies in the United States are currently using biometric security technology software, resulting in 294 customers and an 81.22% share.
• India (20), Portugal (13), the United Kingdom (9), Germany (8), Canada (5), and the Netherlands (5) are the country-wise biometric security customers.

By Industry

• In 2024, the online banking industry secured the top position with 20 biometric security customers.
• Other industries with biometric security customers are Banking (20), Credit Cards (19), Financial Services (16), Wealth Management (15), Mobile Banking (15), and Personal Banking (14).

Digital Identity Solution Market Statistics

(Reference: statista.com)

• The global market revenue of digital identity solutions in 2023 accounted for $34.5 billion.
• Additionally, in the coming years, the expected revenue generated by the digital identity solution market is 2026 ($49.5 billion), 2027 ($70.7 billion), and 2028 ($83.2 billion).

By Implementations

• In the United States of America, 42.6% of people agreed that biometric face recognition technology at airports improved security.
• Based on Biometric Statistics, almost 72% of hotel owners are planning to use face recognition technology to interact effectively with guests.
• 44% of people said that biometric identification procedures in the online payment segment have helped them.
• By 2028, nearly 90% of vehicles globally will be equipped with voice assistants.
• In the United States, around 28% of financial industries have used biometric technology.

By Demands

(Reference: images.ctfassets.net)

• Recently, in January 2024, consumers’ comfort levels have declined in 2024 from the last two years.
• Biometric Statistics state that the demand for the fingerprint segment has declined to 50% due to several challenges caused by the pandemic.
• Other biometric segment demand has decreased to face scans (33%) and voice scans (20%).
• In 2024, public trust in the proper handling of biometric data by tech companies declined, such as high trust (5%), somewhat trust (52%), and do not trust (42%).

By Customers Concern

(Reference: images.ctfassets.net)

• Since 2023, customers have been expressing interest in Biometrics due to increased worries about data breaches, data misuse, identity theft, privacy concerns, and others.
• Thus, the above graph shows that consumers’ concern about Biometrics has increased in 2024 compared with 2022.
• Consumer concern shares in 2024 are misuse of data (88%), data breaches (86%), identity theft (81%), reduced privacy (71%), and inaccurate results (63%).

Facial Recognition Statistics By Usage Share

(Reference: images.ctfassets.net)

• In accordance with biometric statistics, the comfort of facial recognition will drop in 2024.
• Segments that share facial recognition are followed by passport control (69%), login to a device (73%), attendance tracking (36%), retail purchases (25%), and emotion recognition (16%).

Biometric Statistics For Online Purchase By Generation

(Reference: statista.com)

• A Statista report in 2023 states that biometric authentication is an effective way to validate an online purchase in the U.S.

The Reasons For Biometric Authentication By Generation Are:

• Faster checkout: Baby Boomers and seniors (21.5%), Gen X (24.5%), Millenials (26.1%), and Gen Z (28.6%).
• Improved security and fraud prevention: Baby Boomers and seniors (35.2%), Gen X (25.3%), Millenials (22.3%), and Gen Z (16.3%).
• More convenient: Baby Boomers and seniors (13.9%), Gen X (18.6%), Millenials (18.7%), and Gen Z (20%).
• Required to use it: Baby Boomers and seniors (12.5%), Gen X (14.7%), Millenials (18.3%), and Gen Z (15.8%).
• Encouraged by platform or service: Baby Boomers and seniors (10%), Gen X (7.4%), Millenials (7.5%), and Gen Z (12.5%).
• Integration with existing system: Baby Boomers and seniors (4.3%), Gen X (9.5%), Millenials (7.2%), and Gen Z (6.9%).

Best Biometric Devices In 2024

• eSSL X990 Biometric Device
• Real Time-RS 10
• BioMax N-K30 Biometric Device
• BioScribe 2C
• eSSL K30 PRO Biometric Device
• Ai350 3-in-1 Smart Dispenser
• Essl F22
• Ai150 Face Recognition Terminal
• ESSL Door Access Control
• Real-Time T304

Conclusion

Biometric security systems have enabled huge benefits for validation and identification. Biometric technology helped in keeping workplace environment safe and secure from unauthorized people. In recent years, the market has faced a few challenges, and their effects are discussed above, but overall market share is increasing continuously. Go through the article on Biometric Statistics. It would help if you got a clear idea about different segments of the market.

Digital Picture Frame Statistics: As of reports, the global market size of the digital picture frame market is expected to reach around $81 million by the end of 2033. These markets are available in a wide range of functions, sizes, and designs as they include cloud storage facility, SD & USB card connector, and Wi-Fi functionality. In the last few years, the market size of this industry has been enhanced due to the urbanization of the nation and rising levels of consumer income. The demand for this sector has increased due to the rapid development in the sectors of smart home automation and smart devices.

These Digital Picture Frame Statistics include insights from various aspects that provide light on how fast the industry is growing in popularity around the world in recent days.

Editor’s Choice

(Source: technavio.com)

• According to Persistence Market Research, in 2023 the expected market value of Digital Picture Frame is around $59.7 million.
• The compound annual growth rate of the industry is going to grow by 3.1% from 2023 to 2033.
• On the other hand, the projected sale of the digital photo frame industry is supposed to be $81 million by the end of 2033.
• The top players in the digital photo frame markets in 2023 are the United States, China, India, etc.
• The segment of household application has accounted for the leading market share with around 78.9% in the year 2022, which is followed by the commercial segment.
• The expected rise of battery-based digital photo frames is supposed to grow by 4.4% of CAGR from 2023 to 2033.
• As of reports, the e-commerce purchasing of digital picture frames is increasing its sales in the North American region, Europe, and Asia Pacific with a CAGR of 9.5% by the end of 2033.
• According to the reports of Technovio, the growth rate of the market in 2023 is 2.82% from year-over-year and 3.03% of CAGR from 2022 to 2027.
• By the end of 2027, the market size growth is expected to reach $110.9 million.

(Source: technavio.com)

What is a Digital Picture Frame?

This sector is also termed as a digital media frame which allows in displaying of digital photos that are monitored by LCD. This device can be controlled by connecting the frames via Wi-Fi, and Smartphones. The setup of the picture frames is available both in portrait and landscape orientation along with different shapes, and sizes along with a wide range of features.

Facts About Digital Picture Frame

• The estimated growth of the global market in the North American region is estimated to contribute around 37% of the share from 2017 to 2027.
• The major market players in the digital picture frame industry are GiiNii, NIX, Aluratek, Micca, Sungale, Digital Foci, Philips, ViewSonic, Pix-Star, and Sylvania.
• The industry is segmented into product types are simple function digital photo frames, and improved “multimedia” digital photo frames.
• The household application segment dominates the market, accounting for over three-fourths of the revenue share, thanks to the trend of framing certificates and displaying cherished memories in homes, businesses, and educational institutions​​.
• Battery-operated digital photo frames are gaining popularity due to their portability and convenience, allowing users to place them anywhere without worrying about a constant power supply​​.
• Online retailing of digital photo frames is on the rise, driven by the global increase in internet usage and social media engagement. This trend is supported by a growing consumer preference for e-commerce shopping, with sales through online channels expected to grow significantly​​.
• Despite the positive outlook, the market faces challenges such as supply chain complexity and the impact of counterfeit products, especially in regions like China, where the prevalence of counterfeit goods has significantly affected market value​​​​.

(Source: prnewswire.com)

• According to the research of Cision PR Newswire, in the digital photo frame market the potential growth difference between 2020 and 2025 is around $62.1 million.
• The expected growth rate of the market is to reach 1.81% CAGR during the forecasted period.

Digital Picture Frame Trends

• Integration with Smart Home Systems: The rise in smart home technologies is driving the integration of digital picture frames with home automation systems, allowing users to control frames through smart hubs and AI-enabled devices.
• High Adoption of Online Retailing: There’s a significant shift towards online purchasing of digital picture frames, fueled by increased internet penetration and consumer preference for e-commerce shopping. This trend is expected to continue growing, with e-commerce sales rising at a fast pace.
• Growth in Battery-Operated Frames: The demand for battery-operated digital picture frames is increasing, offering users the flexibility to place their frames anywhere without the need for a constant power supply. This segment is expected to see significant growth.
• Focus on Premium Quality: The market is moving towards premium quality digital photo frames that offer superior display quality over traditional frames. This trend is driving global market expansion.
• Innovations in Product Features: Manufacturers are focusing on the development of new features, such as wireless connectivity, cloud storage, and enhanced display technologies, to attract consumers and enhance the user experience.
• Counterfeit Products Challenge: Especially significant in markets like China, counterfeit digital photo frames pose a challenge to brand integrity and market growth, with efforts underway to combat these issues through anti-counterfeiting measures.
• Expanding Market in Developing Regions: Countries like India are emerging as potential markets for digital picture frames, driven by the introduction of novel technologies and attractive designs by key market players. The market in India is expected to grow considerably.
• Consumer Preference for Personalization: There is a growing trend towards personalized and custom digital photo frames, allowing users to create a more personalized viewing experience, which is driving demand in the segment.

General Digital Picture Frame Statistics

(Source: s.yimg.com)

• In the year 2030, the global market share of digital Photo frames is expected to reach around $1.2 billion with a CAGR of 1.2% from 2022 to 2030.
• As of reports, the segment of electric-powered is predicted to reach around $706.5 million at a CAGR of 1.4% during the forecasted year.
• Whereas, by the end of 2030 the battery-powered segment is expected to reach a CAGR of 0.8% share.
• The primary application of the digital picture frame market is segmented into commercial and household.
• According to the report of Valuates in 2023, the market share captured by the top 5 manufacturers including GiiNii, NIX, Aluratek Micca, and Sungal is around 65%.
• On the other hand, North America has the largest market share of 50%, which is followed by Europe, and Asia Pacific combining a share of 40%.
• Improved “multimedia” digital photo frames are termed as the largest segment with a share of 45%.

Advantages of Digital Picture Frame

• The main advantage of using digital picture frames is their convenience feature as it’s easier to use than other traditional frames. Digital frames can display multiple pictures and also in the format of a slideshow even without printing it.
• The customization option is another advantage that allows users to adjust the display settings of photos with different styles and sizes. This has a special option of adding captions, dates, or any special information within the more personalized display.
• Digital picture frames are more cost-saving than ordinary and traditional frames as they don’t require printing costs and here users can easily change their photos as per requirement without any additional costs.
• Digital picture frames can connect to the internet to display photos via online sources such as cloud storage and social media.

By the Type

(Source: maximizemarketresearch.com)

• The market overall is divided into three kinds, such as simple-function photographic frames that are digital, standard” multimedia” digital photo frames, and upgraded “multimedia” photographic frames.
• In the graph above the electricity-powered segment of the market for digital image frames has racked up the largest proportion of 2.8 percent of CAGR over 2022 to 2029.
• Effective benefits are followed by no-fuss power supplies efficient power supply, no need for battery replacement, and a continuous view.

By Regional Analysis

• According to Maximize Market Research, by the end of 2022, the North American region has earned a market value of $3.1 million.
• The market value is going to reach above $3.76 million by the end of 2029 with a CAGR of 2.8% from 2022 to 2029.
• Whereas, in the United States the overall market of digital picture frame market is expected to reach around $2.9 million in 2022 and the global market size will be $65.62 million by 2029.
• According to the Yahoo! Finance reports, during the forecasted year of 2022 to 2030 the 2nd largest market share is going too achieved by China (2%), Japan (0.8%), Germany (0.8%), and Canada (1.1%).

Recent Development

• Enhanced Features and Connectivity: Digital frames like the Dragon Touch model boast motion sensors for energy efficiency, supporting video clips up to 30 seconds, alongside built-in calendar, clock, alarm, and weather functions.Similarly, products like the PhotoSpring Digital Picture Frame emphasize AI-powered photo curation and automatic updates, showcasing the industry’s move towards smarter, more interactive displays.
• Large Displays and Subscription Artwork: The Meural Canvas II stands out for its large, anti-glare display and access to a vast library of artworks via subscription, merging digital convenience with traditional art appreciation. Its ability to adjust backlighting based on ambient light enhances viewing experiences across different environments.
• Compact and Cloud-Connected Frames: Compact options such as the Nixplay 8 inch Touch Screen Smart Digital Picture Frame offer flexibility in display orientation and integration with cloud storage, facilitating easy photo sharing and management. These models exemplify the trend towards leveraging cloud technology for enhanced user convenience.
• Versatile Smart Displays: Smart displays from tech giants like Amazon, Google, and Lenovo double as digital photo frames while offering additional functionalities such as music playback, smart home control, and video calling. This multifunctionality addresses the growing consumer demand for integrated home tech solutions.
• Focus on User-Friendliness and Interactivity: Frames like the Ausa Mason Luxe and the Aura Carver Smart Frame are celebrated for their usability and aesthetic appeal, offering high-definition displays and personalized features that enhance user interaction and enjoyment.

Best Digital Picture Frames

(Source: i.pcmag.com)

• Amazon Echo Show 8 (3rd Gen, 2023)
• These are available with a screen size of 8 inches and are available at Amazon for around $104.99.
• Price variations of other variations are Echo Show 5 ($49.99), Echo Show 10, and Echo Show 15 ($249.99) each.
• The screen resolutions are 1,280-by-800 pixels resolution, with solid stereo speakers, including video chat.

(Source: i.pcmag.com)

• Google Nest Hub (2nd Gen)
• These are available with a screen size of 7 inches with no camera and accessed via Google Assistant along with a feature of enabling videos and music through Android phones.
• Another feature is the presence of a sensor that helps in analyzing users’ sleep.
• The device is available at Amazon at $49.99.

(Source: i.pcmag.com)

• Google Nest Hub Max is available at Walmart which costs around $159.
• The screen size of this digital picture frame is 10 inches and a resolution of 1,280-by-800 pixels.
• This device includes a camera that helps enable security systems when users are out of the home.

(Source: i.pcmag.com)

• Aluratek 8-inch LCD Digital Photo Frame is available at Amazon and costs around $37.95.
• This frame option is the most affordable and size almost 8-inch and is people’s popular choice around the world.
• For loading photos in the frame the best use is USB drive or SD cards are the suitable option.

(Source: i.pcmag.com)

• Dragon Touch 10-Inch Digital Picture Frame available at $69.99 (Amazon)
• This frame is supported via Wi-Fi for sharing pictures and includes 16GB of onboard storage system.
• The screen size is around 10-inch and the resolution is 1,280-by-800.
• Another feature of this frame is the auto rotation of pictures when the screen is moved such as portrait and landscape orientation.

Conclusion

As of today, after completing the article on Digital Picture Frame Statistics, it is clear that the platform is growing spontaneously around the world. A single frame helps in displaying several pictures in the format of a slide show or still according to your choice and also allows users to add new pictures from anywhere. These devices are newly designed by many companies and thus available in different types, price ranges, sizes, and functionality. As of recent year reports, the largest share of this market is captured by the North American region. There are many of effective information discussed above about the topic, hope will help you gain interest in the device and basic knowledge and usage.

Smart Clothing Statistics: Smart clothing is the advanced fusion of technology and fashion equipped with electronic components such as sensors, transmitters, and receivers. These clothes are designed to track users’ biometrics, heart rate, body temperature, and breathing and can respond according to changes and many other features. Currently, the demand seems highest in the sports and defense sector. If you want to learn the facts, this Smart Clothing Statistics will effectively guide you about different smart clothing market segments and their current global trends.

Editor’s Choice

• The global smart clothing market is projected to reach $5.3 billion by 2024 and $7.63 billion by the end of 2026.
• The healthcare industry and professional sportspersons will account for almost 30% of the market’s revenue.
• The Asia Pacific is projected to grow at the fastest CAGR of 14% from 2022 to 2032.
• During the same period, the demand for smart shirt products will cross 14% of CAGR.
• Using smart medical clothes is supposed to cover a 30% share of the global market.
• As of 2024, the smart clothing market in North America is expected to reach $3 billion with a CAGR of 50% from 2017 to 2024.
• In the United States, the market value of intelligent clothing for professional sportspersons and the healthcare industry will be projected up to $23.28 billion by 2026.
• The top 5 smart clothing manufacturers, such as Nike, Adidas, Under Armour, Hexoskin, and Levi’s, hold a market share of 25%.
• Total market revenue generated by China will be the fastest-growing country for smart clothing, resulting in $17.5 billion from 2023 to 2029.
• Total shipment of smart garments in 2024 is predicted to grow by 11.9%.

Facts About Smart Clothing

• Advanced equipped sensors that are attached to smart shirts allow for monitoring heart health and diabetes management, enable muscle relaxation, and also improve overall quality of life.
• Several products are available within the industry, such as Smart Socks, Insoles, Pants, Jackets, Shirts, Dresses, Suits, Scarves, Bras, and Shoes.
• As of 2024, some of the best tech clothes available in the market are Nadi X Yoga Pants, Sensoria Fitness Socks, Levi’s Commuter x Jacquard Jacket, UA Recover Clothing, Siren Diabetic Socks, Snap Spectacles 3, and Neviano Swimsuits.
• Some practical benefits of using smart clothes are monitoring health conditions, improving athletic performance, and enabling better sleep.
• Other disadvantages are high costs, daily life disruption, and privacy concerns

General Smart Clothing Statistics

• The smart clothing industry is estimated to reach a valuation of $23.28 billion by 2032.
• In the next ten years, from 2022 to 2032, the global industry is estimated to expand at a CAGR of 25%.
• The leading service provider of major smart clothing are Smart Clothing Inc., Alphabet Inc., Sensoria Inc., OMsignal Inc., CuteCircuit Ltd., Carre Technologies Inc., MAD Apparel Inc., Wearable X, etc.
• According to Goldstein Research analyst, by 2025, the industry’s market will grow to $1175 million with a CAGR of 29.3% from 2017 to 2025.

Market Size Statistics of Smart Clothing and Global E-Textile

(9 Years Analyses fFrom 2021 to 2028)

(Reference: acumenresearchandconsulting.com)

• The global market valuation of intelligent clothing and e-textiles in 2023 has resulted in $3,415.4 million.
• Due to technological advancements in coming years, the usage of smart clothing in different sectors is going to enhance more, such as in 2024 ($4,459.8 million), 2025 ($5,908 million), 2026 ($7,960.4 million), 2027 ($10,869.1 million), and 2028 ($15,018.9 million).
• The projected annual growth of the industry from 2021 to 2028 is expected to reach 32.3% CAGR.

Smart Clothing Market Size Comparison Statistics

(5 Years Analyses)

(Reference: statista.com)

• A report published by Mordor Intelligence in early 2020 states that by 2024, the estimated size of the smart clothing market will be $4.95 billion.
• A 2019 report by Markets and Markets has claimed that the market size will exceed $5.3 billion.
• Meanwhile, two published reports by Mordor Intelligence (2020) and Grand View Research (2019) stated that by 2025 end, the industry’s market size will reach $5.93 billion and $5.64 billion, respectively.
• 2021 Research and Markets published a report stating that the global smart clothing/fabric market is estimated to reach $6.42 billion by the end of 2027.

By Geography

• The Asia Pacific is projected to grow at the highest CAGR of 14% from 2022 to 2032.
• Other regions, such as the European and North American markets, will grow at a CAGR of more than 12% and 10%, respectively, within the above-forecasted year.
• Furthermore, country-wise annual growth rate within the same period will result in 18% (the United States), 14% (China), India (12%), and France (10%)

(Reference: cloudfront.net)

• As of 2024, the smart clothing market in North America is expected to reach $3 billion with a CAGR of 50% from 2017 to 2024.

By Demographics

• As of 2023, females are the most users of smart clothes, with a share of 81.3%, and males (18.7%).
• The age group user’s statistics are followed by 18 years to 25 years (86.2%), 26 years to 30 years (9.3%), and above 31 years (4.4%).
• Based on educational qualification, the usage shares are graduate degree and above (40%), University (57.3%), and high school (2.7%)

By Industries

(Source: nextmsc.com)

• Recently, in the smart clothing industry, the leading market growth has been estimated to be achieved by the military and industrial submarket, resulting in a 36% CAGR from 2016 to 2026.
• As of 2023, the market valuation for smart Military clothing accounted for $0.66 billion and is expected to cross over $1.35 billion by 2028 with a CAGR of 15.37% from 2023 to 2028.
• The smart clothing market has accounted for an enormous growth of $15 billion in the healthcare industry.
• The utilization of smart clothes in healthcare sectors is supposed to hold a 30% share of the global market, in which the Asia Pacific will cover the highest CAGR of 24.5% from 2020 to 2026.
• The growth rate of smart garments/fabrics for the sports and fitness industry will grow at a CAGR of 25.70% from 2024 to 2029.

By Product Type

(Source: fairfieldmarketresearch.com)

• The global market size of activewear has reached $393.2 billion in 2023 and is expected to approach $627.3 billion by 2032, with a growth rate of 5.2%.
• According to a report published by Statista, in 2023, the smart wear-to-work clothing market will account for $292 billion.
• By the end of 2023, the valuation of smart sleepwear resulted in $12,623 million, with a growth rate of 10.1% CAGR from 2023 to 2029.
• Lastly, the smart shoes made a market valuation of $270 million.

By Material Type

(Source: idtechex.com)

• According to the e-textiles and smart clothing market, a survey was conducted in 2023 with 256 industry players that stated their preferred material type for manufacturing smart clothes.
• 78% of survey respondents have used conductive fibers, and 49% used conductive Inks.
• Furthermore, other used material types are fibers only (47%), Ink only (18%), Ink and fibers (11%), Ink and polymers (4%), fibers and polymers (2%), and all three (17%).

Smart Fabrics Statistics

(Source: mordorintelligence.com)

• By 2024, the estimated market size of smart fabrics will reach $6.81 million units.
• The industry’s annual growth rate will grow at a CAGR of 10.85% and is expected to cross $11.38 million units by the end of 2029.

Conclusion

Smart clothing is new in the global market and will soon become a part of our daily lives like Smartphones and other smart wearables. With ever-advancing technology, manufacturers are doing their best to enhance the market at its highest peak along with intelligent features. As mentioned in this paper, many smart garments are available. Smart clothes reflect our personality and enhance our lifestyle; thus, the industry will expand enormously in the coming future.

Nikon Statistics: Let’s dive into Nikon Corporation’s global market trends, along with the latest corporate updates for 2023 and 2024. This company has a broad business segment that includes cameras, lenses, digital imaging products, precision equipment, optics, microscopes, binoculars, and measuring instruments. So, with clarity, several products with innovative features are available in the market.

Also, in the coming years, Nikon will launch many new products. As Nikon is another of the best camera brands, thousands of people are investing in the brand this year. This Nikon Statistics includes insights from various aspects that will guide you better in understanding the current market analyses effectively.

Editor’s Choice

• The average revenue earned by any Nikon product (ILC + lens + compact) in 2023 was 665 billion yen, which has grown by 40%.
• On the other hand, Nikon Corporation’s profit attributable to owners of a parent in 2023 resulted in 45 billion yen in 2023.
• In the 1^st quarter of 2023, Nikon’s Imaging Products sales resulted in 340K units, and interchangeable lenses secured 2^nd place, resulting in 200K sales units.
• Sales revenue from imaging products has increased by 18.7% from last year.
• Total market capitalization earned by Nikon by February 2023 accounted for $3.53 billion, which has increased by 12.72% from 2022.
• In fiscal year 2023, Nikon Corporation’s precision equipment business generated the highest revenue of 203.3 billion yen.
• The total website visits to nikon.com in January 2024 was 864.3K, which has increased by 8.41% and the bounce rate by 52.95%.
• The United States of America holds the largest revenue share of 159.8 billion yen by Nikon Corporation in 2023.
• In December 2023, worldwide Nikon camera import and export shipments stood at 18.7K, with 1281 buyers and 1080 suppliers.
• In recent years, Nikon forecasted almost 750,000 bodies and 1,200,000 lenses to be sold, with a market share of 13% and 11.4%, respectively.

Facts About Nikon

• As of 25 July 2023, Nikon Company has completed 106 years of business operation.
• Currently, Nikon products are present across 90 countries around the world.
• Popularly notable products of Nikon are F-series 35mm film SLR cameras, Nikkor lenses, D-Series DSLRs, Z-Series mirrorless cameras, Nikonos of underwater film cameras, and the Coolpix compact cameras.
• Annually recruited female employees of Nikon will be almost 1.2% in 2024.
• In June 2023, Nikon launched the Z FC mirrorless camera features, a built-in electronic viewfinder, a 20.9-megapixel sensor, manually controlled buttons, and a 3-inch vary-angle touch screen.
• In India, the maximum sales of Nikon India come from mirrorless cameras, with over 72% share.

General Nikon Statistics

(Reference: statista.com)

• In 2023, the total number of employees working at Nikon was 18,790, an increase from last year.
• As of 31 March 2023, the market’s annual growth rate has increased by 1.91%.
• Due to the high demand for ophthalmology instruments, semiconductors, and electronic components, Nikon’s healthcare business sales have increased by 16.5%, and the revenue earned resulted in 73,243 million yen.
• In 2024, Nikon’s digital camera manufacturer ranks 3^rd with a market share of 12% after Canon and Sony.
• During festive or wedding seasons in 2024, Nikon is expecting to make a higher sales rate of 35%

Medium-Term Management Plan of Nikon

(6-year Analyses From 2019 to 2025)

(Source: nikon.com)

• As of the above graph analyses, the total revenue accounted for by Nikon in 2023 was 665 billion yen, operating profit was 43 billion yen, and return on equity (ROE) resulted in 5.6%.
• Meanwhile, by the end of 2024, revenue is estimated to reach 700 billion yen with more than 70 million yen operating profit and an ROE of up to 8%.

Nikon’s Revenue Statistics

By Imaging Products Business

(Reference: nikonrumors.com)

• In March 2023, actual revenue accounted for 300 billion yen and an operating profit of 42.2 million yen.
• During the same period, revenue earned by digital camera-interchangeable lens type resulted in 178.2 billion yen; others are followed by Interchangeable lens (230 billion yen) and compact DSC (227.1 billion yen).
• By 31 March 2024, revenue is expected to increase by 12.9 billion yen from last year, resulting in 240 billion yen, and the operating profit will be 38 billion yen.

By Precision Equipment Business

(Reference: nikon.com)

• It is predicted that by the end of March 2024, revenue earned by the FPD Lithography system and Semiconductor Lithography system will be 203.2 billion yen and is expected to be reduced by 6.8 billion yen from last year.
• As of February 2023, the total revenue earned by the FPD Lithography system and the Semiconductor Lithography system was 210 billion yen.
• The operating profit earned in March 2023 was 24 billion yen; in 2024, it will be 24.3 billion yen.

By Other Segments

• In March 2023, Nikon’s total revenue accounted by healthcare business was 99.3 billion yen, and operating profit resulted in 11.5 billion yen.
• Other segment’s revenue and operating profits are followed by the components business (53.9 billion yen and 14.6 billion yen), industrial metrology, and others (44.3 billion yen and .6 billion yen), respectively.

Popular Nikon Product Statistics

(Source: dpreview.com)

• Recently, in 2024, Nikon cameras and lenses have received more views and preferences globally, and around 210,745 views have been received in the last 120 hours.
• View share of camera and lenses are Nikon Zf (13.6%), Nikon Z8 (8.9%), Nikon Coolpix P1000 (4.8%), Nikon Z5 (2.9%), Nikon Z fc (2.7%), Nikon D750 (2.5%), Nikon Z50 (1.7%), Nikon Z7 (1.7%), Nikon D850 (1.6%), and Nikon D810 (1.6%).
• The best-selling cameras are the Nikon Z8 and the Nikon Zf, which cost $3,996 and $1,996, respectively.
• Meanwhile, the cost of best-selling lenses is Nikon Z 24-120mm f / 4S ($1,096) and Nikon Z 180-600mm f / 5.6-6.3 VR ($1,696).

Nikon’s Revenue by Region

• The United States of America holds the largest revenue share of Nikon Corporation, which is estimated to be 26% by 31 March 2024.
• The company’s revenue is expected to be generated by China at 21%.
• Furthermore, other regions estimated revenue share are followed by Europe (21%), Japan (17%), and others (17%).
• By the end of 2023, revenue accounted by Nikon India was almost Rs. 900 crore.

Nikon Website Traffic by Country

(Source: similarweb.com)

• As of January 2024, Japan had 48.51% of the total traffic on nikon.com, but it recorded a decrease of 0.78% in total website visitors.
• Other countries that recorded total traffic and visitors share contribution is the United States = 13.41% (+11.15%), China = 5.32% (+34.13%), the United Kingdom = 2.93% (+29.92%), and India = 2.44% (+16.05%)
• Meanwhile, the rest of the countries collectively made a total website traffic share of 27.39%

By Device Statistics

(Reference: semrush.com)

• Globally, desktop and mobile device visitors share on nikon.com are 17.87% and 82.13%, respectively.
• 17% of visitors belong to India, resulting in 482.36K, of which desktop and mobile visitors hold a share of 1.81% and 98.19%, respectively.
• Other countries Nikon.com visitors share are the United States = 24.06% (i.e., 339.73K), Japan = 17.46% (246.5K), the United Kingdom = 3.24% (45.7K), and Indonesia = 2.88% (40.73K).
• Country-wise desktop and mobile visitor shares on Nikon.com are followed by the United States (13.28%and 86.72%), Japan (45.22% and 54.78%), the United Kingdom (4.37% and 95.63%), and Indonesia (0.5% and 99.5%).

By Age Distribution Statistics

(Reference: similarweb.com)

• The gender share of nikon.com is 69.44% male and 30.56% female.
• According to Nikon Statistics, the highest number of users observed is between 25 and 34 years old, resulting in 23.56%.
• Around 22.26% of Nikon users are aged between 45 and 54 years.
• 26% and 14.67% belong to 35 – 44 years and 55 – 64 years, respectively.
• 21% of Nikon users are aged between 18 and 24 years.
• And 8.43% of users are from the age group above 65 years.

By Traffic Sources Statistics

(Reference: similarweb.com)

• The highest traffic rate towards Nikon.com is by organic search, resulting in 42.6%.
• 15% is direct traffic, followed by a 16.05% share from referral search.
• Furthermore, other traffic sources towards nikon.com are paid search (1.06%), social (1.51%), mail (1.15%), and display (0.48%).

Social Media Traffic Statistics

(Reference: similarweb.com)

• Twitter has the highest social media referral rate on the website of nikon.com, resulting in 32.59%.
• YouTube and Reddit contribute a traffic share of up to 23.03% and 21.24%, respectively.
• Traffic share sent by Facebook is 14.38%, and Linkedin made around 4.85%.
• Meanwhile, other social media networks make a nominal contribution of 3.9%.

Sales Unit Statistics by Nikon Imaging PZroducts business (from 2020 to 2024)

(Reference: nikonrumors.com)

• Nikon’s imaging products business is segmented into DCIL (digital camera-interchangeable lens type) and interchangeable lenses.
• Total sales units of both products in the 1^st quarter of 2023 was 540K, whereas in the 2^nd, 3^rd, and 4^th quarter of 2023, sales resulted in 440K units, 530K units, and 350K units, respectively.
• By the end of 1^st quarter of 2024, both product categories are estimated to make 550K unit sales.

Nikon Camera Shipments

• According to a report of Volza Grow Global in December 2023, worldwide Nikon camera import and export shipments stood at 18.7K with 1281 buyers and 1080 suppliers.
• Top importers shipments of Nikon cameras are the United States (3,911 units), India (3,827 units), and Hong Kong (2,807 units).
• The top export shipment statistics by countries are India (9,807 units), Japan (2,642 units), and China (1,789 units).
• Global buyers of Nikon cameras are Vietnam (243), India (213), the United States (152), the Philippines (88), Hong Kong (73), and Singapore (69).
• Global suppliers are China (206), Japan (158), India (125), the United States (103), Vietnam (82), and Thailand (58).

Conclusion

The Nikon Corporation is a reputable company growing enormously worldwide due to its involvement in imaging products, instruments, precision equipment, and others. This Japanese company was established in July 1917 and still ranks 3^rd in digital camera manufacturing globally in 2024.

Several important factors are described in the article, such as market share, segmental revenue, sales unit, website traffic, usage, shipments, and recently launched Nikon products. The analyses will help you understand the current market trends effectively.