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Z-Wave-Enabled Device Shipments

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SOURCE RESEARCH

Wireless Connectivity Technology Segmentation and Addressable Markets

Market Data | 1Q 2022 | MD-WCMT-188

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Z-Wave connectivity is reserved to smart home applications, with ABI Research forecasting all annual shipments to stem from this technology segment. 

Z-Wave device shipments will grow at a CAGR of 4% between 2024 and 2029, reaching 187 million shipments in 2029. Home automation devices will account for 70% of total shipments, followed distantly by automation controllers.

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