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