Hard to say, since I dunno if they next iteration is just gonna be an upgrade or is going to be considered Steam Deck 2 or something. I'm assuming it'll just get cyclical upgraded models every 2-3 years and we consider all of that to be the original Steam Deck since it is not like PC games have generations. Though they may market new versions as successors.
Anyway, assuming we say Steam Deck will be on the market for several years I'll say 10-20 million. Basically Wii U / PS Vita range.
It's a cool idea but the implementation was an awkwardly large not really portable system marketed as a portable system. They saw what Nintendo did with Switch and decided to make a bad clunky version of that. It's a niche device. Maybe that improves in later models, but for now I only see it appealing to in the long run 5-10 million PC gamers and a maybe few million console gamers who wouldn't mind playing some PC games on a console-like system (in as far as we can refer to portable systems as consoles ever since the Switch came out).
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