Having flourished in the past year, the home-automation sector is forecast to ship 8 million systems in the US in 2017, up from just 1.5 million in 2012, according to a new study from ABI Research.
The market-research company expects shipments to grow at a compound annual rate of 45.2% between 2011 and 2017, thanks largely to the activities of new entrants.
Despite the ailing economy and weak housing market, shipments of home-automation systems in the US have doubled in 2012 over last year’s levels.
While Verizon (New York, USA) has entered the market in the last 12 months, cable operators like Comcast (Philadelphia, USA) and Time Warner (New York, USA) have been expanding their services.
Meanwhile, security vendors including ADT (Boca Raton, USA) and Vivint (Provo, USA) are still reporting healthy demand for their products.
“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, a principal analyst at ABI Research. “Meanwhile existing players are adapting their offerings and a host of technologies and connectivity options are battling to become de facto standards.”
Strong performance in the US could bode well for the take-up of home automation systems elsewhere, with report authors describing the US “as a bellwether for markets around the world”.
Home automation systems include monitoring and control technologies used for automation applications in the home, such as home energy management, connected appliances, home security management, home healthcare, entertainment and lighting control.