The U.S. Market for Home Automation and Security Technologies
The U.S. market for home automation systems and devices was valued at $6.5 billion in 2013 and almost $6.9 billion in 2014. This market is expected to reach nearly $10.3 billion in 2019, a compound annual growth rate (CAGR) of 8.3% between 2014 and 2019.
- An overview of the U.S. market for home automation and security technologies.
- Analyses of global market trends, with data from 2013 and 2014, and projections of CAGRs through 2019.
- Coverage of major segments of the home automation market.
- Profiles of the major companies involved in the home automation and home security industries.
The study covers the major segments of the home automation market, including:
- Lighting controls
- Heating, ventilation and air conditioning (HVAC) controls
- Energy management controls
- Entertainment controls
- Security controls
- Integrated (i.e., multifunction) controls
The study addresses the major enabling technologies for the various types of home automation products, such as:
- User interface devices
- Actuators and output devices (e.g., dimmers, automated window coverings, dampers)
- Wiring and networking devices
The study format includes the following major elements:
- Executive summary
- Home automation functions
- Enabling technologies
- Market environment (e.g., economic conditions, consumer attitudes)
- Current (2013) and projected markets for home automation technologies and products through 2019
- Developers and suppliers of home automation products
- Key patents
- The report’s main focus is on the U.S. market.
Frequently Asked Questions (FAQs)
Andrew McWilliams spent more than 25 years as a consultant with Ernst & Young, McKinsey & Company and A.T. Kearny focused on manufacturing before segueing into research analysis. He has been covering myriad technology categories for BCC Research for more than 15 years. McWilliams has a BA from Princeton University and an MA from Harvard University. He has worked in more than 40 countries and he resides in the greater Boston area.
The U.S. market for home automation systems and devices was worth approximately $3.2 billion in 2010. It is expected to grow to almost $3.4 billion in 2011. In the longer term (i.e., 2011 to 2016), the forecast is for strong renewed growth in the home automation market, which is expected to exceed $5.5 billion in 2016, a CAGR of 10.5% between 2011 and 2016.
- The U.S. market for home automation and security technologies and products was worth $2.3 billion in 2008 and an estimated $2.5 billion in 2009. This should reach $8.1 billion in 2014, for a compound annual growth rate (CAGR) of 26.5%.
- Entertainment and security technologies have the largest share of the U.S. market, generating $1.3 billion in 2008. This segment is expected to remain steady in 2009 but is expected to be worth $2.6 billion in 2014, for a CAGR of 14.1%.
- HVAC and energy management generated $998.3 million in 2008 and an estimated $1.1 billion in 2009. This is expected to grow at a CAGR of 36.6% to reach $5.5 billion in 2014.