MARKET for HOME AUTOMATION ARCHITECTURE to REACH $20.85 BILLION BY
Home automation (HA) has made good headway into
commercial markets in the past few years and is still growing. According to a recently published
report from iRAP, Inc., “Home Automation Architecture: Types, Applications, New
Developments, Industry Structure and Global Markets,” the global market for home automation architecture has been estimated
to reach $11.95 billion in 2013, and is expected to
grow to US$ 20.85 billion by 2018 with a CAGR of 11.7%.
Today, it is possible to control an entire
“smart” home – audio, video, lights, thermostats, IP cameras, security systems
and much more – with easy taps and gestures. It is possible to quickly browse
movie, artwork, or music collections. Easy-to-use applications provide
real-time, touch control of audiovisual systems, lighting, shades, room
temperatures and more, from Android phone or iPhone, iPod Touch, iPad, or any other
devices which can seamlessly communicate with a HA control system via 3G, GPRS,
or EDGE cellular networks or Wi-Fi, to allow the convenience of remote use and
A rising standard of living, combined with
growing awareness of energy efficiency and security requirements, is driving
the demand for HA products. Steady recovery in the global economy and the real
estate industry will also boost the market. Increasing numbers of young,
technology-savvy home owners represent a positive indication for the future of
the HA market. The growing smartphone and tablet markets are another positive
indication for this market, as smartphones and tablets can be used in alliance
with wireless technologies and the Internet for controlling and monitoring home
devices and appliances.
From 2013 to 2018, telecom/mobile network
operators will play a major role in reaching the mass market through affordable
service and partnerships with manufacturers of HA products. There is additional
opportunity in the area of enabling services such as remote device monitoring,
firmware updating, and data management and analytics, among others.
“Managed solutions” refer to standard HA products
offered by broadband service operators. It includes, besides traditional home
security companies like The ADT Corporation, major telecom operators such as
Verizon Wireless, AT&T, Comcast, Time Warner Cable Enterprises LLC,
Swisscom AG and Bell Aliant Inc. Manufacturers of HA products need cable and
telephone lines to connect their automation systems, while cable and telecom
companies sell services based on gear supplied by the industrial companies, so
manufacturers as well as cable and telecom companies act as both partners and competitors.
Mainstream Automation is a growing market, with
products that are easy to use, interoperable, personalized, flexible and
affordable. Luxury Installations cater to high income households seeking
high-end customized home automation. Point
Products are do-it-yourself (DIY) home automation products that can be
economically wired and networked with smartphones or control panels by
individuals according to their preferences.
The iRAP report on
home automation architecture is focused on
technologies and markets for Managed Solutions, Luxury Installations,
Mainstream Automation and Point Products. The Managed Solutions had the largest
market share of the total market in 2013 followed by Mainstream Automations,
Luxury Installations and Point Products.
Market Size/Percentage Share of Security and Home Automation Architecture,
2013 and 2018
Global Market Size of
Security and Home Automation Architecture
Source: iRAP, Inc.
Global Market Size of Security and Home
Automation Architecture by Market Segment, 2013-2018
Source: iRAP, Inc.
More details of the report are
available from Innovative Research and Products (iRAP), Inc., visit http://www.innoresearch.net/reportlist.aspx?cid=6 or contact at Tel:
203-569-7909, E-mail: email@example.com
Published Date: April
Price (Hard Copy): $3,750
Data and analysis extracted from
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