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Global Market for Home Automation Architecture to Reach $20.85 Billion by 2018
According to a recently published report from iRAP, Inc.” 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 control.
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.
More details of the report are available from Innovative Research and Products (iRAP), Inc., visit http://www.innoresearch.net/
Published Date: April 2014, Price (Hard Copy): $3,750