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European market for smart home devices is growing. Leading – Amazon and Google
12.04.2021 [17:40],
Sergey Karasev

The International Data Corporation (IDC) has published fresh statistics on the market for smart home devices in Europe: amid a pandemic that provoked self-isolation of citizens, the industry showed growth.

Released figures include shipments of products such as set-top boxes, monitoring and security systems, smart lights, smart speakers and thermostats.

An estimated 41.3 million devices were shipped in Europe in the fourth quarter of 2021 in the designated categories. This is 12.2% more than in the previous year, when shipments were equal to 36.8 million units.

The leader of the European market is Amazon with a share of 18.1%. Google is in second place with 12.5%, and Samsung closes the top three with 11.9%.

It is noted that in Central and Eastern Europe, the market increased by 6.4%, and the main driver of growth was video entertainment devices.

At the end of 2021, the volume of the industry amounted to 104.6 million pieces. IDC analysts predict 14.9% CAGR (compound annual growth rate) until 2025. As a result, the industry will reach 209.9 million units by the middle of the decade.

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