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Dec. 21, 2012: Home Automation Shows Strong Growth in 2012

December 21, 2012
NEW YORK — The global market for home automation services saw strong growth during 2012, driven by a wave of new entrants and offerings in the North American market, according to ABI Research. The United States in particular leads in deployments and new shipments, acting as a bellwether for markets around the world.

Even with a low-growth U.S. economy and a struggling housing market, home automation systems installed in the U.S. this year almost doubled over 2011 shipments, noted the ABI Research market study. By 2017, more than 8 million systems are forecast to ship, which would be a compound annual growth rate (CAGR) of 45.2 percent between 2011 and 2017.

In the U.S. over the past 12 months, Verizon has rolled out its service offering, cable companies including Comcast and Time Warner have expanded their footprints, and security vendors including ADT and Vivint continued to see strong demand for their solutions.

“Home automation adoption is moving into the mainstream as a combination of home connectivity, standardization, and a range of new sensors and devices bring an ever expanding number of players into the market,” said Jonathan Collins, principal analyst, ABI Research. “Meanwhile, existing players are adapting their offerings and a host of technologies and connectivity options are battling to become de facto standards.”

Publication date: 12/17/2012

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