Comfort Automation/ Security System Forums > General HA Information > HA in the News > Home Automation Systems Revenue to Approach $12 Billion Worldwide in 2015 |
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slychiu Administrator
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SCOTTSDALE, Ariz. - April 1, 2010 Revenue from shipments of home automation systems will exceed $11.8 billion in 2015, according to a new study released by ABI Research. That number includes all four categories of home automation: Luxury, Mainstream, DIY and Managed. The luxury segment will deliver the greatest revenue. In addition to quantitative market measurement, ABI Research also sampled US consumers’ attitudes with a September 2009 survey. Nearly half of the 1001 respondents did not know what “home automation†is. A further 43% understood the concept but had no system installed.] According to practice director Sam Lucero, “Our survey results show that a major challenge is simply lack of awareness on the part of mainstream consumers. Other issues for consumers were the expense, and a perceived lack of need for home automation." Nonetheless, Lucero believes that for several reasons the home automation market is approaching an inflection point beyond which its growth rate will increase significantly. Vendors are taking advantage of standards-based wireless and powerline technologies to drive down costs and expand the addressable market.]
ABI Research’s “Home Automation and Control†study provides qualitative and quantitative analysis of home automation and control system markets through 2015. The data and forecasts are divided by region and by major market segments. Last edited on Saturday Apr 3rd, 2010 02:47 am by slychiu |