The U.S. Market for Home Automation and Security Technologies
The U.S. market for home automation systems should grow from $9.0 billion in 2021 to $15.8 billion by 2026, at compound annual growth rate (CAGR) of 12.0% for the period of 2021-2026.
- 24 tables
- An overview of the U.S. market for home automation and security technologies
- Estimation of the market size and analyses of market trends, with data from 2020, estimates for 2021, 2023 and projection of CAGR through 2026
- Evaluation of market size and forecast, and detailed analysis of drivers, challenges, and opportunities affecting market growth
- Explanation of home automation functions and enabling technologies for home automation, and description of controllers along with comparison between hardware-based controllers and software-based controllers
- Description of small stand-alone devices and complex smart home networks, and discussion on their ability to tie numerous electric devices located around the house to a programmable computer brain
- Details about devices and technologies of automated energy management systems and information on wireless technologies such as ZigBee, Z-Wave, Wi-Fi and INSTEON
- Market share analysis of the key companies of the industry and comprehensive company profiles of major players including Powerline Control Systems Inc., Echelon Corp., General Electric Co., Microsoft Corp., and Honeywell International Inc.
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 (2020) and projected markets for home automation technologies and products through 2026.
- Developers and suppliers of home automation products.
- Key patents.
- The report focuses on the U.S. market.
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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 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.