New York, US – September 19, 2025- The Residential Internet of Things (IoT) devices market is set for robust growth through 2031, propelled by the rising adoption of smart home technology, expanding internet access, growing emphasis on energy efficiency, and increasing consumer interest in automation. According to a new report from The Insight Partners titled “Residential IoT Devices Market Share, Size, Trends, and Forecast by 2031,” this market is poised to expand steadily, with innovation and technological advancements playing a central role. The report offers a comprehensive assessment of current trends, key growth factors, challenges, and notable opportunities, delivering valuable insights for stakeholders across the industry.

Key Drivers Behind Market Expansion

Several significant factors are fueling the growth and demand for residential IoT devices:

·         Growing Preference for Smart Home Solutions: Consumers are gravitating toward smart home devices such as smart thermostats, lighting, and security systems, which provide convenience, energy savings, and remote accessibility. These benefits are inspiring increased demand for automated, integrated solutions tailored to modern connected homes.

·         Emergence of Advanced Connectivity Standards: Innovations in connectivity technologies, including Wi-Fi 6, Zigbee, and Z-Wave, enhance device interoperability and performance. These improvements make it easier for multiple smart devices to work together smoothly, driving the adoption of IoT-enabled home automation.

·         Reduction in Costs of Hardware and Sensors: Technological progress in production and scaling has decreased the prices of essential components like sensors and microcontrollers. This has lowered the entry barrier, making smart home products more affordable to middle-income consumers and fostering ongoing product innovation.

·         Support from Government Initiatives: Many countries encourage the adoption of residential IoT devices through regulations, subsidies, tax rebates, and energy-efficiency programs. Government priorities such as sustainability goals and smart city development further accelerate demand for smart meters, HVAC control systems, and connected lighting.

·         Widespread Internet and Smartphone Access: Increasing global internet coverage and smartphone usage enable users to control their IoT devices remotely through convenient apps and voice assistants. This widespread connectivity significantly enhances user experience and drives market expansion.

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Recent Innovations and Industry Milestones

Leading technology companies continue to push the development and adoption of residential IoT devices through product launches and collaborations:

·         On August 26, 2025, Samsung Electronics announced that its Bespoke AI Jet Bot Steam and Jet Bot Combo robotic vacuum cleaners, along with its Bespoke AI refrigerators, earned IoT security certification from TÜV Nord, underscoring the focus on device security.

·         A day earlier, Samsung expanded its One UI platform to unify the user interface experience across smartphones, TVs, and smart appliances, enabling seamless integration and simplified device management.

·         Honeywell launched Honeywell Connected Solutions in June 2025, an AI-based platform integrating critical building systems into a single interface to improve operational efficiency, with early adopters including Verizon Communications and Vanderbilt University.

·         In March 2025, Honeywell introduced its NXU Residential Smart Gas Meter, featuring automation and remote capability, designed to enhance safety and gas monitoring for North American customers.

·         At CES® 2025 in January, LG Electronics showcased AI-powered smart home innovations under the theme “Life’s Good 24/7 with Affectionate Intelligence,” highlighting the company’s commitment to integrating AI into daily life for enhanced convenience.

·         LG also unveiled the LG ThinQ ON AI home hub in August 2024, designed as the hub of its smart home ecosystem, combining expansive connectivity with AI to deliver personalized, adaptive comfort and care.

Strategic Partnerships and Leading Market Players

Collaborative efforts between technology firms are critical to advancing residential IoT capabilities. For example, in March 2025, Kontron and Qualcomm Technologies announced progress in embedding 5G, AI, and edge computing technologies into Kontron’s new embedded IoT solutions, marking an important step toward more advanced connected devices.

Prominent companies shaping the residential IoT market include:

·         Amazon.com, Inc.

·         Bosch.IO GmbH (Robert Bosch GmbH)

·         ecobee

·         Google, LLC

·         Honeywell International Inc.

·         LG Electronics

·         Qualcomm Technologies, Inc.

·         Radio Thermostat Company of America

·         Samsung

Market Outlook

The residential IoT devices market is expected to continue its rapid growth trajectory, propelled by expanding energy efficiency requirements, AI-driven features, and improved connectivity infrastructures. As devices become more cost-effective, interoperable, and secure, they will transform residential spaces into intelligent, autonomous environments that deliver greater convenience, safety, and sustainability.

Insights from The Insight Partners

The Insight Partners report highlights that the market’s growth is supported by evolving consumer behaviors, technological innovation, and increasing awareness of smart home benefits. Companies are continuously innovating to meet the surging demand and capitalize on emerging trends, driving further expansion of the sector.

For more detailed analysis, market segmentation, and forecasts, the full report by The Insight Partners is available to help businesses make strategic decisions in this dynamic marketplace.

About The Insight Partners

Delivering precise market intelligence, The Insight Partners serves healthcare, technology, and industrial sectors with robust syndicated and custom research. Its in-depth insights equip businesses with the tools they need to stay ahead in dynamic international markets.

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