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 Rings Statistics: After the outbreak of the COVID-19 pandemic, global people become more conscious about their health and fitness this is the reason why people are showing more interest in smart health and fitness devices. Over smart rings, sectors are growing with billions of users around the world. Due to the rapid technological developments, the market is also evolving enormously around the world in recent days and will enhance more in the coming future.

Several brands manufacture new smart rings every year, and if you are thinking of buying one, this article on smart ring Statistics includes insights from various aspects that shed light on the global importance of this smart device.

Editor’s Choice

• A report published by Customer Market Insights states that the expected global growth of the Smart Rings Market is going to reach a CAGR of 21% from 2023 to 2032.
• By 2023, the market size valuation has accounted for USD 5.93 million, which has increased from 2022 ($4.1 million).
• The online segment is the largest market segment with a market share above 63.48%.
• The global market size of Smart Rings is expected to reach above USD 22.49 million by the end of 2032.
• Counterpoint published a report stating that by 2024, the sales volume of smart rings in India will reach $25 million (Rs 207 crore).
• The major players in this industry are Akcom, Kerv Wearables, NFC Ring, Ringly, Logbar, Mota, and others.
• The North American region captured the largest market share of the Smart Ring market, with a 34% share in 2023.
• As of 2028, the market size of the global smart ring is expected to gain USD 1096.54 million at a CAGR of 29.39% from 2022 to 2028.
• The market is expected to reach USD 747.41 million with a CAGR of 25.8% from 2023 to 2030.

(Reference: custommarketinsights.com)

What is Smart Rings?

This is a wearable electronic device those are available in the usual size of traditional rings that can be easily connected via Smartphone so that users can manage a few applications such as receiving calls and replying to short messages, and many other activities. This smart device also includes a gesture control function when it’s connected via an electronic device.

Facts About Smart Rings

• Smart rings are used for tracking activity, notification alerts, health and wellness, payment and authentication, communication, timekeeping, navigation, smart home control, fashion and personalization, and emergency alerts.
• The leading manufacturers of the Smart Rings industry are Boat, Noise Oura, e-Senses, McLear Ltd, Bellabeat, Motiv, Circular Ring, Sleepon, Kerv Wearables, etc.
• Technologies used in the smart ring market are Bluetooth and NFC.

(Source: technavio.com)

• As of the above graph analysis, the largest market share of the Smart Ring market is accounted by North America with a share of 34% in the year 2023.
• The smart rings are segmented into 3 operating systems Microsoft Windows, Android, and iOS.
• According to the reports of transparency market research, Android OS in the smart rings industry is going to lead by the end of 2023 as monthly Android users are going to be 2 billion and iOS users around 1 billion.

General Smart Rings Statistics

• As of 2023, the total revenue earned by Boat is $500 million.
• Research and Market report analysis states that the market size of Smart Rings in the United States accounted for almost $1.6 million.
• Whereas, in 2022 the market value of Smart Rings Main Unit in the Asia Pacific region was $686 million, with the market growth going to reach a CAGR of 8.2% from 2023 to 2032.
• Whereas, by the end of 2032, the market valuation is expected to grow above $1.5 billion.
• As of October 2023, the total number of visitors to smartringsnews.com was 66.6K and the bounce rate was around 69.12%.
• The website smartringnews.com has 86.38% organic traffic and 11.25% direct traffic.
• In the United States, the global rank of the website is 2.92 million which has increased by 55.8K.

By Company

• The major players in the Smart Ring industry are Bellabeat, Boat, McLear Ltd., Motiv, Noise, etc.
• According to Data Horizon Research reports, as of 2023 total revenue earned by Boat is $500 million.
• Furthermore, revenue generated by other companies is followed by Bellabeat ($30 million), McLear Ltd. ($1.77 million), Motiv ($1.1 million), and Noise ($243 million).

By Country

• The United States had the largest market share in the Smart Rings industry, with almost $1.6 million in 2022.
• China will earn the second-largest market share, with a market valuation of $4 million by 2030 and a CAGR of 20.5% from 2022 to 2030.
• During the forecasted period, the markets of other countries are predicted to grow in Japan (18.1%), Canada (17.8%), Europe, and Germany (14.7%) CAGR.

By Users

(Source: maximizemarketresearch.com)

• According to Maximize Market Research reports, in the United States the number of smart rings users has reduced to 7% in 2022 and revenue accounted by the users was $78.1 million.
• Furthermore in the U.S. expected smart rings users statistics by change percentage and revenue earned in coming years are followed by 2024 (6% and $82.7 million), 2026 (5% and $86.78 million), and 2029 (4% and $90.041 million).

Smart Ring Brand Adoption Statistics by Asian Countries

• The smart rings industry is highly competitive in the Asia Pacific region in which the adoption rate of Apple smart rings remained highest in Hong Kong with a 44% share.
• Other brand adoption shares are followed by Samsung (20%), Xiaomi (20%), Boat (13%), and others (3%).
• Japan: Apple (40%), Samsung (2%), Xiaomi (7%), Boat (4%), and others (47%).
• Taiwan: Apple (32%), Samsung (12%), Xiaomi (29%), Boat (18%), and others (9%).
• Vietnam: Apple (29%), Samsung (35%), Xiaomi (24%), Boat (10%), and others (2%).
• Thailand: Apple (29%), Samsung (23%), Xiaomi (25%), Boat (5%), and others (18%).
• Singapore: Apple (29%), Samsung (18%), Xiaomi (10%), Boat (3%), and others (40%).
• China: Apple (28%), Samsung (8%), Xiaomi (42%), Boat (4%), and others (18%).
• South Korea: Apple (25%), Samsung (51%), Xiaomi (11%), Boat (6%), and others (7%).
• Malaysia: Apple (20%), Samsung (19%), Xiaomi (29%), Boat (5%), and others (27%).
• Philippines: Apple (20%), Samsung (29%), Xiaomi (22%), Boat (4%), and others (25%).
• India: Apple (18%), Samsung (30%), Xiaomi (29%), Boat (16%), and others (7%).
• Indonesia: Apple (15%), Samsung (38%), Xiaomi (39%), Boat (7%), and others (1%).

Website Traffic Statistics of Smart Rings

By Country

(Source: similarweb.com)

• As of October 2023, the United States of America had 24.42% of total traffic on smartringnews.com, but it recorded a decrease in total website visitors by 0.4%.
• Other countries recorded the following contribution in total traffic: the United Kingdom = 5.28% (+2.89%), Australia = 4.15% (+101.4%), Turkey = 2.3% (+34.88%), Czech Republic (2.17%), and other countries collectively made around 61.68%.

By Device

(Reference: semrush.com)

• Around the world, 61.67% belong to mobile users, and 38.33% belong to desktop smart ring users.
• 42.05% of total Smart Rings users belong to the United Kingdom resulting in 15.35K, out of these 100% are mobile users.
• The United States has 8.84K users resulting in 24.22% out of these 100% belonging to desktop.
• Out of the total players, 19.62% are from Italy resulting in 7.16 thousand, with 100% access to mobile devices.
• In Australia and Hong Kong, there are around 1.7K and 1.16K respective players resulting in 3.76% and 3.19%.
• Out of these desktop viewers of Australia and Hong Kong are followed by 100% and 100% users have accessed respectively.

By Age Distribution

(Reference: similarweb.com)

• The Smart Ring Statistics by the demographic state that, the highest number of users observed is between the age group of 25 years to 34 years resulting in 33.54%.
• There are 19.19% of smart ring users aged between 35 years to 44 years.
• 17.38% and 12.54% belong respectively to 45 years to 54 years and 45 years to 54 years.
• Only 8.42% of users are aged between 18 years to 24 years.
• And there are 8.2% of Smart rings users contributing from the age group of 65 years and above.
• According to the reports of the similar web, the male and female users are 56.2% and 43.8% respectively.

By Marketing Channel Distribution

(Reference: similarweb.com)

• According to Smart Rings Statistics, the highest rate of traffic towards smartringnews.com is by organic search resulting in 86.38%.
• 11.25% is direct sources while 2.1% is from social media and 0.27% is from mail.

Best Smart Rings

(Source: zdnet.com)

• Oura Ring Gen3 (overall best smart ring) Costs $299
• This ring requires $5.99 monthly membership costs
• Specifications require only 20 to 80 minutes to get fully charged, battery life is 4-7 days, easily compatible with iOS and Android, includes automatic firmware updates, and can be used in airplane mode.

(Source: zdnet.com)

• McLear RingPay (best for contactless payments) material uses hypoallergenic ceramic which costs $114
• Specifications: This device has built its first near-field communication or wireless data transferring for unlocking doors digitally.
• The best features are compatible with iOS and Android, waterproof, charging is not required, and available in different sizes starting from 4.5 to 16.

(Source: amazon.com)

• Leagway R Smart Ring (with the best multi-functional screen mode)
• This smart wearable costs around $24.99 and is available at Amazon
• This is one of the best contactless payment rings which is connected via NFC card readers.
• Specifications include multi-functional screen modes, made up of epoxy crystal ceramic, volcanic magnet, and germanium Grau.
• The advantages are waterproof, fall-resistant, does not require a charge, and unlocks the phone screen.

(Source: zdnet.com)

• Circular Ring (best ring for tracking health) made up of hypoallergenic material; with interchangeable out shells.
• Specification: This device is compatible with both Android and iOS, charging time required 60 minutes, and battery life (of 4 days), and is water resistant.
• This smart ring cost almost $395

(Source: amazon.com)

• Oumij NFC Smart Ring (best designed)
• This is built with an ultra-sensitive chip termed NFC (near-field communication chip) this is not just a smart wearable but a smart jewelry ring with innovative technology included within.
• Available at Amazon it costs $13.86, the dimension of the product is 1.57*1.97*0.2 inches, and the weight (is 0.352 ounces).
• The benefits are waterproof, launches applications instantly, does not require charge, sleek with an attractive design.

Conclusion

After completing the article on Smart Rings Statistics, it can be easily stated that this is the latest wearable technology in recent days as this device includes several advantages and features. If still you are not using it then go and give it a try once but before making your purchase must go through the above detailed variations that are best suitable for you. The markets of Smart Rings are enhancing and the future is looking bright due to more innovation in technology. These articles include possible information those are explained elaborately and, hopefully, will help to understand the topic better.

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.

Mesh Wi-Fi System Statistics: The free ease of Wi-Fi has many strings attached. It’s not easy to get acceptable data transfer speeds with Wi-Fi devices unless you’re within the same space. Living in a huge house can mean having to put up with the problem of dead zones that don’t have Wi-Fi connectivity or navigating the numerous issues associated with wireless range extenders.

The good news is that problems that plague the wealthy can be resolved through the use of money. Wireless networking isn’t any different. Mesh Wi-Fi is an extremely new solution to the problem of wireless network coverage. It’s an excellent alternative to range extenders for Wi-Fi that provides seamless wireless coverage, whether you live in a 2-story home or a sprawling mansion. In the next report, we will explore more information about Mesh Wi-Fi Systems’ Statistics.

The COVID-19 pandemic as well as the subsequent work-from-home policies brought millions of people to the possibility of Wi-Fi coverage expansion. The most promising option for residential Wi-Fi expansion is mesh networks. They promise a seamless network that’s far more durable than traditional Wi-Fi.

At the end of 2022, the number of shipments will reach 33.9 million WiFi mesh network equipment under ABI Research. In 2026, this number will reach around 59 million annual shipments which will signal the full adoption of the technology.

Editor’s Choice

• In 2019, products dominated the market, holding over 70% share, expected to lead till 2060.
• Linksys released the first Wi-Fi 6 support wireless mesh routers for better connectivity.
• The U.S. smart home sector will grow by 10% by 2026 due to demand for wireless mesh networks for IoT and smart appliances.
• The MEA region’s market will increase by 20% by 2026, enhancing connectivity in smart cities.
• The focus on R&D and new products is key for market growth.
• The 2.4GHz frequency, ideal for multi-floor offices and homes, will see a 15% growth.
• Eero, bought by Amazon in 2019, introduced Eero 6 and Eero Pro 6 in 2020 with Wi-Fi 6.
• Multi-radio mesh improves communication by using multiple frequencies for connecting nodes.

About Wireless Mesh Network

Mesh networks are WiFi system that eliminates the need for only one router for connectivity. This is due to the reality that central routers typically aren’t in the best location to provide the best connectivity.

Instead of relying on one router, a mesh network has multiple nodes which are set up across a home. One of the nodes acts as the main router and is connected to an Internet router or modem and the rest connect to Wi-Fi signals. Mesh networks function as the hive brain in which all nodes are connected to automatically diagnose problems with latency.

Wireless Mesh Network Market Size

The Wireless Mesh Network Market size was more than 2 billion dollars in the year 2019 and is projected to expand by more than 15% CAGR from 2020 until 2026. This growth can be attributed to the growing use of wireless mesh networks because of their reliable network capabilities, including speedier data transmission as well as easier deployment of networks.

(Source: gminsights.com)

Wireless mesh networks are an internet of communication spread between a variety of mesh nodes. They connect to make the network available across vast areas. The network technology offers an advantage over traditional wireless networks as they don’t require the use of ethernet cables or any other type of physical wiring other than one source point. This wireless network can be self-configuring, which allows the installation of new mesh nodes without the need for management of the network.

What is a Mesh Wi-Fi Router?

• In simplest terms, mesh WiFi is a modular home network technology developed to alleviate problems with Wi-Fi coverage. It achieves this because it allows the wireless network infrastructure to grow dynamically according to the dimensions of your home.
• Regular Wi-Fi routers aren’t able to cover large buildings with lots of concrete slabs and brick walls that separate floors. This causes zones that aren’t connected to a Wi-Fi signal.
• Mesh Wi-Fi networks solve this issue by employing two or more advanced wireless routers working together to offer seamless network connectivity. These devices are referred to as wireless routers that mesh. They are different from standard Wi-Fi routers in that they can be set up at several locations in the home to remove dead zones.
• In contrast to regular Wi-Fi routers that can work only on their own, they can connect and provide seamless wireless connectivity in an unbroken, single network.
• In reality, you can have between two and 50 mesh Wi-Fi devices, one for each room, if you want. The most impressive thing is that the connected wireless devices do not have to switch manually between nodes to connect wirelessly throughout the network.

Wireless Mesh Network Market Share

The most prominent vendors in the market are focused on strategic acquisitions, mergers as well and partnerships to keep an edge in the market and develop opportunities for profit in new markets.

In April 2019, Amazon acquired Eero, the maker of mesh wireless routers at a price of USD97million. The deal allowed Amazon to make use of Eero’s industry know-how and strong presence in the market for wireless mesh devices to expand its client base as well as expand into new markets.

The new players in the market focus on R&D as well as new product development which will result in significant business growth. For example, in October the year 2019, Cambium Networks launched the C4000 cn Maestro management tool, which will help Cambium Networks meet the increasing demand for cheap wireless mesh access points.

The countries that are covered by the wireless mesh market report include the U.S., Canada, and Mexico in North America, Brazil, and Argentina as well as the remainder of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) within Asia-Pacific (APAC) in Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of the Middle East and Africa (MEA) as a component of the Middle East and Africa (MEA).

Some of the key industry players include:

• ABB Ltd – ABB’s revenue for the three months that ended 30 September 2023, was $7.968B that’s which is a 7.59 percent increase over the previous year. ABB revenues for the 12 months to September 30th, 2023, was $31.814B that’s which is an 8.99 percent increase over the previous year. ABB’s total revenue for 2022 was $29.446B which is an increase of 1.73 percentage increase from 2021.
• ARUBA NETWORKS –  ARUBA NETWORKS Aruba Networks, owned by Hewlett Packard Enterprise, is just coming off its best financial quarter, having surpassed the $1 billion mark in revenue in the first quarter of 2023. The revenue of HPE’s Intelligent Edge business, Aruba Networks was up by 25 percent increase year-on-year.
• Cambium Network Ltd – For the fourth quarter which ended on the 31st of December, 2023 Cambium Networks Corp (NASDAQ: CMBM) anticipates that revenues will range from $45.0-$50.0 million. This will be accompanied by a GAAP gross margin of 36.3%-43.3 percent; and a non-GAAP gross margin is between 38.0%-45.0 percent.
• Cisco Systems Ltd. – Cisco revenues in the twelve months ended the 31st of October, 2023 was $58.034B that’s which is a 10.99 percent increase from year to year. Cisco’s annual revenues for 2023 was $56.998B which is a 10.55 percent increase over 2022. Cisco revenue in 2022 was $51.557B which is an increase of 3.49 percent increase over 2021.
• Concentris Systems LLC – Concentrix is a company with a market cap, which is a net worth of $6.33 billion at the time of November 24th, 2023. The company’s market capitalization has increased by 0.62 percent in a single year.
• Digi International – Full fiscal 2023’s revenues of $ 346 million increased by 16% compared to the fiscal year 2022. This was due to an increase in the OEM & Infrastructure Management product areas. The gross profit margin grew by 60 basis points, to 54.4 percent of revenue, because of ARR. Operating earnings were $51 million, which is a growth of 23%.
• EERO LLC – Amazon purchased the company at an unspecified amount in a deal that was announced less than in the last month. This means that Eero has become more than a Wi-Fi hardware company, and is now a component of one of the significant tech companies of the current time.
• Firetide LLC –  Firetide LLC Firetide was formed in 2001 with the title Landmark Networks, to provide the hardware and software needed for Wireless infrastructure mesh networks. The name was changed in 2003 to Firetide to “better be a reflection of the company’s mission as well as its values”.In 2004 the business relocated to Hawaii in the state of Hawaii to Los Gatos, CA.
• Fluidmesh LLC –  Fluidmesh LLC Fluidmesh has a revenue of 10 to 25 million of revenue annually according to Glassdoor estimates. This means that this acquisition will not significantly boost Cisco’s revenues, which increased by 5 percent to $51.9 billion in fiscal year 2019.
• Google LLC – According to Google’s most recent financial report the company’s annual income is $278.13 billion. That’s an increase of 8.33 percent from 2021 which is when Google earned $256.74 billion.
• Hype Labs Inc –  Hype Labs Inc. Hype Labs, Inc. is a venture-building and investment company dedicated to helping entrepreneurs who are bold when it comes to building, scaling, and promoting their innovative products and services.
• Lumen Radio – Lumen Radio is a company that provides wireless connectivity with its headquarters in Gothenburg. They create markets, sell, and market an extremely reliable and low-power operating system that can be used for wireless IoT-related applications that are based on their patent-pending FPCC (Future-Proof Cognitive Coexistence) technology.
• Mesh Networks – Mesh dynamics has grown rapidly to become an enterprise with broad influence on the area in aerial remote sensing as well as geographical information.
• Our clients include many global companies that are based on digitalization by providing solutions and products that span the entire chain of industry within the area of aerial remote sensing, infrastructure, and.
• Net Gear Inc – Net Gear Inc. NETGEAR shares first traded publicly on the 31st of July, 2003.
• Qorvo – Qorvo is an American multinational corporation that specializes in the wireless as well as wired and power markets. It was formed through the amalgamation of TriQuint Semiconductor and RF Micro Devices and was first revealed in 2014 and concluded by the 1st day of January 2015.

Most Efficient Mesh Wi-Fi Network?

• The further away you are from the network, the less reliable the internet connection is likely to be, however, the top mesh routers can improve this. For the majority of households, our top choice would be the TP-Link
• Deco It is a mesh router that provides excellent performance for just $200.
• A variety of top-quality mesh routers are worth a look We’ve spent a lot of time exploring them to discover which ones are the most effective out of them all. Take a look at our list of the most recent Black Friday sales to get the lowest rates on the mesh routers below.
• We’ve got a lot of mesh systems and routers we’d like to test The majority make use of WI-Fi-6 technology which promises greater performance and speeds.
• Look around, and you’ll see the mesh routers of Eero, Nest, Netgear Orbi, Linksys, and others that can connect to Wi-Fi 6E which means they can gain access to a new unlocked mass of new bandwidth that is available in the 6-GHz range.
• By 2024, you are likely to see many new Wi-Fi-compatible devices. 7, which is expected to enhance the use of the 6GHz band to provide more fluid, faster connections.
• Some of these systems, such as those from the Netgear Orbi 970 series and the Eero Max 7 are currently available for purchase (more on them later in the article).

Application of Mesh Wifi

Mesh WIFI Systems Statistics could involve mobile or fixed devices that are fixed or mobile. Solutions are as varied as the communication requirements such as in challenging circumstances like tunnels in emergencies or crude oil wells, battlefield security high-speed mobile video applications on the public transport system as well as real-time racing-car telemetry as well as autonomously organizing Internet connectivity for groups. [8] A major potential application that wireless mesh networks could be used for is VoIP. Utilizing a quality of service scheme the wireless mesh could allow local calls to be routed over the mesh. The majority of applications on wireless mesh networks have similar features to the ones in wireless networks that are ad-hoc

A few current applications currently available:

• U.S. military forces are currently making use of wireless mesh networks to link their computers, mostly ruggedized laptops for the field.
• Smart meters, which are now installed in homes, transfer the readings of their sensors from one location to another, and then on to the central offices to bill with no need for human meters or the requirement to connect the meters using cables.
• The laptops that are part of the One Laptop for Every Child program make use of wireless mesh networks to allow students to share documents and access the Internet even if they do not have wireless or cell phone connections or any other physical connection in their region.
• Smart home devices like Google Wi-Fi, Google Nest Wi-Fi Google On Hub, and Google On Hub all have WiFi mesh (i.e. Wi-Fi ad-hoc) network. Many makers of Wi-Fi routers started offering mesh routers that can be used at home in the middle of 2010.
• Certain satellite constellations of communications operate as a mesh, which has wireless links between satellites adjacent to each other. calls between satellite phones are sent through the mesh network, moving from one satellite to the next across the constellation, without needing to pass via the Earth station. This means less distance for the signal to travel which reduces latency. It also permits the constellation to be operated with fewer earth stations than is needed for the same number of conventional satellites for communications. Iridium satellite constellation The Iridium satellite constellation comprises 66 active satellites that are in the Polar orbit and function as a mesh system that offers worldwide coverage.

Conclusion

Mesh WIFI Systems Statistics provide faster speeds over WIFI extenders because the mesh router as well as satellite nodes have been designed to form a single network. They can also work together by immediately disconnecting connections from devices at the speediest point while they roam around in the residence.

They can be dynamically configured to increase speed. They consume less power. They provide greater reliability because each node is linked to multiple different nodes. When one node is removed from the network its neighbors will find a new alternative route. Mesh WIFI Systems Statistics are created to be a replacement for your current router. You can however utilize mesh on your existing router if you want to. If you’re looking to pair your router and mesh but don’t have all of the benefits that mesh offers.

According to the Mesh WIFI Statistics, we can surely give a ring for its installation, and possibly replace older WIFI devices.

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.

Running Headphones Statistics: The advancements regarding audio technologies, design, and manufacturing are driving the global market for sports headphones. The addition of sensors that are biometric, ergonomic designs, and high-noise cancelling feature as well as the increase in frequency that comes with wireless headsets and an in-line mic that has playback controls plays an important role in the development of the global market for sports headphones. In the next report, we will look at additional running Headphone Statistics.

New-age earphones are famous for their high-end performance, exaggerated bass, high-quality acoustic, comfortable fit, and great level of protection from dust and moisture.

The release of earphones equipped with Ingress Protection Rating (IPX) certification that guarantees that earbuds are sweatproof and water resistant and water-resistant, is also increasing the appeal of the market for headphones for sports.

Smart sports headphones have a range of unique features. Manufacturers have models that are immune to sweat and water they also offer additional comfort and are suitable for exercise and stream music directly to the listener.

In addition, the increasing demand for fitness clubs as well as the growing number of active fitness and gym enthusiasts will likely drive the development of the sports headphones market. In addition, the growth of music subscription services for people who love music is expected to increase sales of headphones and earphones all over the world.

The increase in music subscription services is expected to drive the development of sports headphones, as growing numbers of people prefer listening to their favorite music while exercising. The global market for sports headphones is predicted to expand at a CAGR of more than 14% between 2018 and 2024.

Key Pointers

• The introduction of biometric sensors and health monitoring capabilities will likely headphones into multi-purpose devices.
• The world ANC headset market is predicted to grow to the USD27 billion mark by 2026, on due to the growing need for ANC for hearing protection devices and other protective devices for communication.
• Countries that are growing rapidly like China, India, and Brazil have a lot of potential for sellers during the forecast period due to the large consumption index.
• Recent technological advancements regarding Bluetooth connection, Infrared, and Wi-Fi technology are expected to affect the competitiveness of markets.
• In-ear noise-canceling headphones in Europe are anticipated to achieve the most ASP due to the increased demand for a user-controlled audio allowance as well as augmented reality.

The Product’s Insights

The market for earphones was responsible for 89.40 percent of the total market share in 2022. It is expected to grow by an increase of 13.2 percent during the forecast time. The growing demand from consumers for greater quality and more stylish earphones could positively influence the growth of this market. The rising popularity and use of tablets, smartphones laptops, laptops, portable music players, and other mobile devices are likely to increase demand for earphones in the coming years. Additionally, a greater emphasis on the compatibility of all the mentioned portable electronic devices could increase demand for earphones over the next couple of years.

The market for headphones is predicted to witness a CAGR in the range of 4.2 percent between 2023 and 2030. The growth is due to the growing demands for fashionable running Headphone Statistics as well as specific headsets for various categories like audiophiles, gaming, and fitness are expected to propel market expansion.

Market Size

(Source: gminsights.com)

Because of the COVID-19 virus and the COVID-19 pandemic, the worldwide sports headphones market size has been estimated to reach USD million in 2022. The market is projected to grow to a revised size of $ million by 2028. This will be accompanied by an increase in CAGR throughout the review. With the fullest consideration for the impact on economics due to this epidemic, Bluetooth will be the largest component of sports headphones global market in 2021 and will be worth USD 1 million by 2028. This will increase with a revised CAGR during the following post-COVID-19 timeframe.

The Professional segment has been changing to a CAGR over the forecast. China Sports Headphones market value is estimated at USD million by 2021 in contrast, they are priced at USD million, and US and Europe Sports Headphones comprise USD million, and USD million in turn. The share of the US is a Percent figure in 2021. China and Europe are both Percent as well as Percent, respectively. it is expected that China’s share will rise to Percent by 2028. This will be a long way behind an average CAGR throughout the study time.

Japan, South Korea, and Southeast Asia are noteworthy markets that are gaining attention in Asia and will grow at a CAGR of percent, Percent, and Percent, respectively over the next six years. For what’s happening in the Europe sports headphones landscape, Germany will be expected to hit USD Million by 2028. This is based on the growth of a CAGR for the projected time.

The major manufacturers in the world of sports headphones are Audio-Technical, Monster, Sennheiser, Sony, Yurbuds, Beats by Dr. Dre, Panasonic, Philips, and Polk Audio, etc. The 2021 forecast shows that the leading five companies will hold around a percent share in terms of revenues.

Interests By Product Type

In-ear headphone use has been increasing due to its lightweight design and greater capacity. They’re extremely sought-after by those who frequently utilize them at work as well as during exercise and sporting exercises. Because in-ear models are secure inside the ear and permit users to block out the sound of outside sources effectively, they have gained demand from fitness enthusiasts. Revenue-wise In-ear products are predicted to surpass $30 billion by 2026.

On-ear headsets have seen an increase in popularity because of technological advancements in technology and features. Active noise canceling capabilities are limited in the on-ear model as they can allow for sound leakage and the passage of sound from outside because of their construction. North America leads the market concerning revenue as well as unit shipment. The market is seeing high cooperation between earphone and headphone producers and stars, increasing the market for earphones that are on.

Over-ear headphones are predicted to see a steady increase over the time frame forecast thanks to advancements in audio and manufacturing. They’re considered superior in terms of sound quality as well as timber, and the related sound harmonics as well as envelopes. They are however costly, and counterfeiting is an important problem for over-ear headphones.

Wireless Headphones Market

The market for wireless headphones is projected to grow at a rate of 19.11 percent between 2022 to 2027. The market is expected to grow in the amount of USD 22.04 billion. The market’s growth depends on many aspects, including the improvement of wireless connectivity, the increasing use of smart devices, and the convenience and ease of using wireless technology.
This report on the market for wireless headphones includes a comprehensive analysis of market segmentation according to applications (music and entertainment gaming, fitness, as well as virtual reality) as well as the kind of product (on-ear wireless headphones and in-ear wireless headphones and wireless headphones that can be worn over the ear) and by geographical region (North America, Europe, APAC, South America, and Middle East and Africa). It also offers a comprehensive study of the drivers, trends, and issues. Additionally, the report contains historical market data dating from 2017 through 2021.

Key Wireless Headphones Market Driver

The advancement in wireless connectivity is the primary driver behind the rise in the market for wireless Running Headphone Statistics market. 1999, Bluetooth technology was first introduced in the year 1999, and since then the technology has advanced significantly. Nowadays, Bluetooth headsets for gaming come with the most current versions of Bluetooth smart chips. These chips allow for lower energy consumption as well as enhancing the quality and range of the audio.

In addition to wireless Wi-Fi as well as Bluetooth connectivity, manufacturers have also created Bluetooth gaming headphones that can support NFC connectivity. A few of these wireless models with NFC connectivity include Infinity (JBL) Glide 4000 and Sony XB950B1, Sennheiser Momentum 2.0, and WH-1000XM3. When you consider these aspects the wireless headphones market is predicted to expand during the forecast timeframe.

Sports Headphones Market Segmentation

This market research report includes detailed market segmentation by

• Product
• Features
• Technology
• Distribution Channel
• Geography

Sports Headphones Market: Products

The improved quality in comfort as well as portability has been a major reason behind the growing popularity of headphones in-ear with people who use them

In-ear sports headphones are very popular in the market because they are extremely feature-rich and light. With the introduction of wireless headsets, the market share of devices that are in-ear has increased dramatically in recent years in the market for sports headphones. They are adored by people who regularly stream music throughout sports exercises and workouts. In addition, the greater quality of comfort and flexibility provided by models with in-ear make them a huge hit with those who love sports.

The advancement in audio technology as well as the emergence of new brands, which have models that come equipped with features like washable and removable earpads as well as an ergonomic design will likely drive the market for on-ear sports headphones. In addition, the growing price of over-ear models is booming well for the development of the on-ear sports headset market.

Sports Headphones Market: Features

True wireless with features-loaded headphones for sports is revolutionizing the concept of wearables by integrating with features and functions.

The widespread use of wireless headphones that are truly wireless is predicted to boost the market for smart sports headphones in the coming years. The smart sports headphones come with a variety of innovative features, like sweat and water-resistant sensors for gesture recognition that monitor heartbeats biometric recognition, and voice control. Additionally, advances in audio engineering and technology have put smart headphones at the forefront of the connected world. The smart earphones are popular with people who are active and healthy as they let them monitor the body’s vitals. Additionally, feature-packed smart wireless earphones are changing the concept of wearables because they incorporate the capabilities and functions of various electronic devices into tiny in-ear wireless earbuds.

Non-smart Run Headphone Statistics will likely see a slowing growth rate during the forecast period since the market is stagnant across the globe. Although the revenues of the segment are expected to increase, it is expected to see a decrease in growth due to the growing use of wireless devices that are technologically advanced. The rise in smartphones is expected to impact the non-smart market negatively and the trend is expected to continue throughout the forecast time.

Sports Headphones Market: Technology

The advent of sweat- and water-resistant wireless headphones is increasing the popularity of athletes.

The inclusion of cutting-edge technologies like Active head tracking 3D surround-sound delivery and onboard storage in wireless models is likely to propel the development of sports headphones that are wireless. In addition, the increasing integration of wireless headphones with audio and video systems in the home is a significant factor driving the market for sports headphones in the world.

True wireless sports headphones are set apart from regular wireless models because they can offer users higher listening levels and greater control over the sound of their surroundings. Due to their improved design and sound quality, the market share is predicted to increase over the time frame forecast. In addition, the advent of sweat- and water-resistant wireless earphones is growing in popularity with consumers, specifically those who are into fitness and sports, and presenting huge potential for growth for wireless sports headphones.

The segment of wired sports headphones is very popular in emerging countries due to their low price. While the segment has been dominant in this market over a lengthy period, wired models are seeing a decrease due to the rising popularity of wireless models among customers. The segment is becoming less attractive due to advancements in audio and manufacturing technology for wireless headphones.

Sports Headphones Market: Distribution Channel

The ease of access that online stores provide will likely boost the profits of the world’s market for true wireless headphones

The rising amount of OEM online shopping portals as well as online stores that sell directly to consumers like Amazon, eBay, Best Buy, Alibaba, and JD.com contributes to the growing online sector on the world market. Many of the top vendors are pushing the idea and usage of Bluetooth devices and other technologies via social media channels, attracting the most customers to the market. The accessibility of a broad variety of products is driving the development of distribution channels online across the globe. The accessibility and convenience provided by online stores will add to the earnings of the authentic wireless headset market.

Specialty stores like Apple Stores, Bose Stores as well and Harman Lifestyle Showrooms are attracting the largest number of customers in the retail portion of the retail market. Several sellers in both the UK as well as the US are selling their completed products through supermarkets, electronic stores hypermarkets, as well as online shops, which has contributed to the expansion of the market. Walmart, Costco, Sears, Home Depot, Best Buy, and Target are among the top retailers in the retail sector.

Sports Headphones Market: Geography

The rise in streaming services for music is among the major drivers of markets in North America

The rising popularity of paid audio subscriptions like music investment and fitness subscriptions as well as fitness equipment is an important driver of the Europe market for sports headphones. Furthermore, the increasing popularity of athletes and fitness enthusiasts in adopting sports-related headphones is anticipated to boost the growth of this market. Furthermore, true wireless headphones and Running Headphone Statistics models are growing in popularity because of the control over the sound of the surrounding environment and an enhanced experience. The mobility and flexibility that these headphones provide for users.

An increasing percentage of internet users especially millennials, the desire to embrace new technologies and high disposable incomes as well as the increasing popularity of smartphones, the emergence in the market of sports-specific headphones, and a growing urbanization rate are driving the sports-related headset market across North America. In addition, the growth in the use of video and music playback software and the rise in streaming music services has been growing rapidly. With the trend of wearing premium wireless headphones for fashionable accessories, the sports headphones market will see massive growth over the next few years.

The accessibility of low-cost smartphones as well as the growth in disposable incomes, as well as the growing purchasing power of middle-class people, particularly within China, South Korea, and India, are key factors that drive the expansion of the APAC region. Additionally, the availability of numerous Chinese companies that sell low-cost models has greatly benefited the market for sports headphones in the region.

The demand for high-end headphones is increasing throughout the MEA region, particularly in areas like UAE, Qatar, Bahrain, Kuwait, Israel, and Jordan. It is anticipated that wireless or active noise-cancelling headphones will become more popular within the MEA market. The growing popularity of the beach fitness concept across South Africa is favoring the expansion of the market in Africa.

The rising amount of smartphone users the growing amount of internet users and a trend towards streaming music online are driving the growth of this Latin American market. In addition, the wireless sports headphones marketplace in Latin America is expected to see significant growth due to the increasing number of connected devices across the region.

Conclusion

The rising use of smartphones as well as connected mobile devices to stream video online during fitness and sports activities is expected to boost the Running Headphone Statistics market. With a focus on the ever-changing market conditions, companies are adding a variety of smart features to headphones, with a secure fit as the main focus. There is a significant demand for low-cost sports headphones in the developing world. Local manufacturers can meet this need to a great extent.

There is a growing demand for premium, high-end headphones with better sound quality that are supplied by specialist brands like Bose, Sony, Beats, JBL, Anker, and Sennheiser. Furthermore, the development of cutting-edge technologies across all industries is predicted to influence product design production, development marketing, sales, and after-sales. The result will be an unmatched and personalized consumer experience. Samsung, Sony, and Sennheiser are the top manufacturers in the marketplace.

AI in Robotics Statistics: We have already known about robotics technology in the last few decades, but recently introduced artificial intelligence is making it more advanced. Using AI-powered robots in manufacturing industries is going to increase overall productivity and efficiency. AI or Artificial Intelligence associated with industry automation is definitely going to change the world.

Moreover,  as stated, these  AI in Robotics Statistics AI-based Robots will reduce the worldwide economic cost by more than 50%. This will aid in stabilising the economies. However, there are some drawbacks to technology that are yet to be addressed. Considering some positive aspects, let’s look at the AI Robotic Industry by numbers.

Editor’s Choice

• According to a McKinsey report, industrial companies plan to invest 25% of their capital in automation within the next five years. 
• By Robot type, compared to service robots, industrial robots are expected to generate the highest revenue, resulting in $6,658.2 million and $10,430.3 million, respectively. 
•  AI in Robotics Statistics shows that, by 2030, AI and robotics are estimated to contribute $15.7 trillion toward the worldwide economy. 
• As of 2023, the machine learning segment was the largest contributor to market share, with 34.98% in the technology segment. 
• It is estimated that revenue generated by AI robotics in environmental monitoring will amount to $79.9 million by 2025.
• The global AI industrial robotics market is projected to be valued at $10.72 billion by 2024.
• AI in Robotics Statistics shows that in 2023, the industrial robots market share around the world was the largest, contributing 60.51%. The service robots segment showed a 39.49% market share. 
• AI and robotics-related activities are anticipated to make up 26% of the global GDP source in 2030.
• In the global comparison, the United States of America is expected to generate the highest revenue, contributing $3,282 million in 2024 in the AI Industrial Robotics Market.
• Between 2023 and 2034, the Asia Pacific region is forecast to grow at a CAGR of 21.9% in the AI Robotics segment.

General AI In Robotics Statistics

• According to AI in Robotics Statistics, AI-based robotics technology will create more than 12.5 million jobs worldwide.
• It is estimated that by 2025, AI-based retail robots will save 1.2 billion labour hours annually. 
•  AI in Robotics Statistics shows that, by 2030, AI and robotics are estimated to contribute $15.7 trillion toward the worldwide economy. 
• By 2030, AI-powered autonomous vehicles are expected to reduce the cost of transportation by 25%.
• AI and robotics-related activities are anticipated to make up 26% of the global GDP source in 2030.
• In 2023, North America captured the highest revenue share, contributing 33.12%.
• The industrial AI robots segment generated 60% plus revenue in the previous year.
• As of 2023, the machine learning segment was the largest contributor to market share, with 34.98% in the technology segment. 
• Between 2023 and 2034, the Asia Pacific region is forecast to grow at a CAGR of 21.9% in the AI Robotics segment. 
• In 2023, the cloud segment by deployment mode captured the highest market share with 53.86%.
• In addition, the on-premises segment by deployment mode is estimated to grow at a CAGR of 21.4% between 2023 and 2032.
•  AI in Robotics Statistics shows that the service robots segment by type is the fastest-growing market, with a 21.6% growth rate in the forecast period.
• By Robot type, compared to service robots, industrial robots are expected to generate the highest revenue, resulting in $6,658.2 million and $10,430.3 million, respectively. 
• Furthermore, in 2024, the market revenue by offering products segment in the Artificial Intelligence Robots market is as follows: software ($6,430.6 million), Services ($6,638.1 million), and Hardware ($6,638.1 million).
• According to a McKinsey report, industrial companies plan to invest 25% of their capital in automation within the next five years.

By Industry

• The global defence industry based on AI and robotics is estimated to be valued at $61 billion by 2027.
• In addition, by next year, it is estimated that AI robotics in agriculture will reach $703.4 million.
• In 2024, the healthcare industry is forecasted to be the second largest industry in the Artificial intelligence Robotics market, with a 19% share. 
• AI in Robotics Statistics for Logistics estimates that, by 2025, the market will reach $40.9 billion.
• It is estimated that revenue generated by AI robotics in environmental monitoring will amount to $79.9 million by 2025.

By Robot Type

(Reference: precedenceresearch.com)

AI in Robotics Statistics shows that in 2023, the industrial robots market share around the world was the largest, contributing 60.51%. The service robots segment showed a 39.49% market share.

By Technology

(Source: precedenceresearch.com)

According to a report by Precedence Research 2023, in 2024, content awareness by technology type in the AI Robotics segment is estimated to generate more revenue as compared to other AI-based technologies, such as computer vision, machine learning, and natural language processing.

Worldwide AI Robots Market Growth

(Reference: statista.com)

AI in Robotics Statistics forecast worldwide, the highest growth was experienced in 2023, with 60.23%. In addition, in the current year, it is expected to grow up to 26.4%. However, in the coming years, the growth will be declining and is expected to reach merely 4.53% by 2030.

AI Industrial Robotics By Region

Worldwide

• The global AI industrial robotics market is projected to be valued at $10.72 billion by 2024.
• In the global comparison, the United States of America is expected to generate the highest revenue, contributing $3,282 million in 2024.
• Furthermore, between 2024 and 2030, the worldwide AI Industrial Robotics market is expected to grow at a CAGR of 11.54%, reaching $20.64 billion by 2030.

Asia

• The Asian AI industrial robotics market is currently valued at $3.61 billion.
• Compared to 2023, in 2024, the market size change is expected to be 31.94%.
• The market volume is estimated to grow at a CAGR of 12.25% by 2030, reaching $6.32 billion.

Africa

• The African market is expected to show a market size change of 33.64% in 2024.
• It is estimated that between 2024 and 2030, it will grow at a CAGR of 12.45%, reaching $504.10 million by the projected year.
• Currently, it is valued at $249.30 million.

Australia And Oceania

• In 2024, the Australia and Oceania market is expected to reach $252.80 million.
• Compared to 2023, in the current year, the market size change is expected to be 33.97%.
• The AI industrial robotics market is expected to grow at a CAGR of 12.36% between 2024 and 2030, reaching $508.80 million by the forecasted period.

Americas

• Between 2024 and 2030, the American AI Industrial Robotics market is expected to grow at a CAGR of 10.90%, reaching $7.31 billion by the forecast year.
• Furthermore, it is expected to reach $3.93 billion in 2024.
• In 2024, the market size change is projected at 22.03%.

Europe

• The European AI industrial Robotics market is expected to reach $3.13 billion in the current year. 
• Between 2024 and 2030, it is estimated that 11.46% will be the annual growth rate, reaching $6.00 billion by 2030.
• In the current year, the market size change is expected to be 25.47%

AI Robotics By Region

Worldwide

• Currently, the global AI Robotics market is estimated to be valued at $19.01 billion.
• Furthermore, it is estimated that between 2024 and 2030, it will grow at a CAGR of 11.63%, reaching $36.78 billion by the forecast year. 
• In the global comparison, the USA is expected to become the largest market by size, resulting in $6,295 million in 2024.
• In 2024, the market size change is expected to be 26.40%.

Americas

• According to AI in Robotics Statistics, the American AI Robotics market is expected to reach $7.48 billion in the current year.
• It will grow at an annual rate of 10.97% between 2024 and 2030, reaching $13.97 billion by 2030.
• In 2024, the expected market size change is 22.18%.

Asia

• The Asian AI Robotics market is estimated to reach $5.36 billion in the current year.
• Between 2024 and 2030, the market volume is expected to grow at a CAGR of 12.40%, reaching $10.81 billion by the forecasted year.
• In 2024, market size change is expected to be 32.55%.

Africa

• The African AI Robotics market is expected to reach $921.60 million by 2030.
• Between 2024 and 2030, it will grow at a CAGR of 12.55%, reaching $921.
• Currently, the market is estimated to reach $453.50 million.
• In addition, the expected market size change is 33.53%.

Europe

• The European AI robotics market is expected to reach $5.24 billion in 2024.
• Between 2024 and 2030, the annual growth rate for market size is expected to be 11.56%, reaching $10.10. Billion by 2030.
• The market size change in 2024 is 25.39%.

Australia And Oceania

• AI in Robotics Statistics 2024 shows that the Australia and Oceania market is estimated to be valued at $482.70 million in the mentioned period.
• It will grow at a CAGR of 12.38% between 2024 and 2030, reaching $972.20 million by the forecast period.
• The market size change is expected to be 34.15% in 2024.

AI Service Robotics By Region

Worldwide

• The global AI Service Robotics is currently valued at $8.29 billion.
• The global comparison of  AI in Robotics Statistics shows that, in 2024, the USA will be the largest market by size, resulting in $3,013 million.
• The market size is estimated to grow at an annual rate of 11.74% between 2024 and 2030, reaching 16.12% by the forecast period.

Asia

• The Asian AI Service robots are estimated to reach $2.20 billion in 2024.
• As of 2024, the market size change is expected to be 33.44%
• Between 2024 and 2030, it will grow at a CAGR of 12.63%, contributing $4.49 billion by 2030.

Africa

• Similarly, the African region is estimated to amount to $204.30 million in 2024.
• Furthermore, by 2030, it is expected to show an annual growth rate of 12.65%, reaching $417.50 million by 2030.
• The change in the market size in 2024 compared to 2023 is 33.39%.

Australia And Oceania

• In Australia and Oceania, the AI service robotics market is valued at $229.90 million in 2024.
• Furthermore, by 2030, the market will grow at a CAGR of 12.39%, reaching $463.40 million.
• The rate of change in market size in 2024 is 34.34%.

Americas

• According to  AI in Robotics Statistics by Service, the market is currently valued at $3.55 billion.
• Furthermore, it is estimated that by 2030, it will grow at a CAGR of 11.06%, contributing $6.66 billion. 
• 22.35% is the current market size change in the USA for AI Service Robotics.

Europe

• As of 2024,  AI in Robotics Statistics shows that the European AI service robotics market is valued at $2.11 billion. 
• Furthermore, it will grow at an annual growth rate of 11.75%, with an expected volume to reach $4.11 billion by 2030.
• In 2024, the change in market size is projected to be 25.27%.

Worldwide AI Robotic Market Size

(Reference: statista.com)

The above chart shows the improving growth in the market size year on year. According to Statista, by 2030, the AI robotic market size is expected to reach $36.78 billion. Currently, in 2024, it is valued at $19.01 billion.

By Market Size Share By Industry

(Reference: statista.com)

According to a report by Statista, the worldwide market size of AI Robotics was the largest for the manufacturing industry, contributing 65.02% in 2022. Other industries took respective places with the following market shares: transportation (16.01%) and security (7.76%), retail (4.85%), healthcare (4.20%), energy (1.02%), and others (0.93%).

By Region

(Reference: precedenceresearch.com)

According to AI in Robotics Statistics 2023, North America had the highest market share, contributing 33.12%. Furthermore, Europe and Asia Pacific represented 28.84% and 25.29%, respectively. Latin America, the Middle East, and Africa share 7.99% and 4.76% each.

AI Robotics Market Size Change Between 2021 And 2030

(Source: statista.com)

AI and Robotics: A Powerful Duo Shaping Our Future

Imagine a world where robots aren’t just clunky machines on factory floors but intelligent assistants working alongside us in homes, hospitals, and even on farms. Thanks to the marriage of artificial intelligence (AI) and robotics, this future is rapidly becoming a reality. Let’s delve into how AI is transforming robots and the exciting trends that will reshape our world in the coming years.

The Power of AI In Robotics

Traditionally, robots were programmed for specific tasks, making them inflexible and unable to adapt to changing environments. AI injects intelligence into robots by enabling them to:

• Perceive their surroundings: AI algorithms help robots “see” the world through sensors and cameras. They can identify objects, understand their surroundings, and navigate complex spaces.
• Learn and adapt: Machine learning allows robots to learn from experience. By analysing data, they can improve their performance over time and adjust their actions to new situations.
• Make decisions: AI empowers robots to make basic decisions without constant human intervention. This frees up human workers for more complex tasks and improves overall efficiency.

Current Impact of AI Robotics

The synergy between AI and robotics is already making waves across industries. Here are some real-world examples:

• Industrial Revolution 2.0: Manufacturing is a prime beneficiary. AI-powered robots can handle intricate tasks like delicate assembly or customised product creation, boosting productivity and reducing errors. A 2023 McKinsey report estimates that AI could generate $3 trillion to $5 trillion in value for the global manufacturing sector by 2030.
• Surgical precision: AI-assisted surgical robots are transforming healthcare. They provide surgeons with better mastery and control, leading to minimally invasive procedures and faster patient recovery times.
• Smarter Homes: AI-powered home robots are becoming increasingly common. They can perform tasks like cleaning floors, mowing lawns, and even monitoring elderly individuals for safety concerns. The global domestic robot market is expected to reach a staggering $32.2 billion by 2025 [Source: AI in Robotics: Exploring Emerging Trends and Future Prospects].

Future Trends: A Glimpse into the AI-powered Robotic Revolution

As AI and robotics continue to evolve, we can expect even more transformative advancements:

• Cobots: Rise of the Co-workers: Collaborative robots, or cobots, will become commonplace. These robots will work safely alongside humans, assisting with tasks and automating repetitive processes. This will create a more efficient and productive workforce.
• Enhanced Dexterity and Versatility: Robots with human-like agility and adaptability are on the horizon. This will open doors for robots to perform tasks currently limited to humans, like working in unstructured environments like disaster zones or search-and-rescue operations.
• Swarm Robotics: Imagine swarms of tiny robots working together to achieve a common goal. This concept, known as swarm robotics, has the potential to revolutionise fields like infrastructure inspection, agriculture, and environmental monitoring.

AI Robotics: Redefining Our World

The impact of AI robotics will be widespread, affecting every facet of our lives. Here’s a glimpse into what we can expect:

• Increased Productivity and Efficiency: AI robots will take over repetitive and dangerous tasks, freeing up human workers for more creative and strategic roles. This will likely lead to increased productivity and economic growth.
• Revolutionised Industries: From manufacturing and healthcare to logistics and agriculture, AI robots will transform industries by automating tasks, improving accuracy, and creating entirely new possibilities.
• Evolving Work Landscape: As AI robots handle more tasks, the nature of work will change. We may see a rise in new job roles focused on developing, maintaining, and collaborating with AI-powered robots.

Challenges And Considerations

While the future of AI robotics is bright, challenges need to be addressed:

• Job displacement: Concerns exist about AI robots replacing human workers. However, experts believe new jobs will be created in the AI and robotics sectors, requiring workforce retraining and reskilling.
• Ethical considerations: As robots become more autonomous, ethical considerations regarding decision-making and potential biases in AI algorithms need careful attention.
• Safety and Security: It is crucial to ensure the safety of humans working alongside robots and the security of AI systems from hacking attempts.

The Road Ahead

The future of AI robotics is brimming with possibilities. By embracing this evolving technology responsibly, we can unlock a future where humans and intelligent machines work together to create a better, more efficient world. As research and development continue at a rapid pace, AI robotics holds the potential to revolutionise every aspect of our lives, shaping a future that is safer, healthier, and more prosperous for all.

Conclusion

These AI in Robotics Statistics offered a glimpse into upcoming years when artificial intelligence will be present in every segment of our world. Integrating AI in every industry is difficult, considering the costs and skilled personnel needed accordingly. Yet, in the next few years, more than 50% of companies will invest in AI technology to improve their productivity, revenue, and sales. Aligning robots with Artificial intelligence will provide improved results. But surely, 2024 and beyond are technologically transforming years for everyone.

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.