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.
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.
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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.