Home automation systems shipments revenue will top $11.8 billion in 2015 according to new projections from ABI Research. The estimate takes into account four categories of home automation: Luxury, Mainstream, DIY, and Managed, and the research firm predicts the most revenue will be generated by the luxury segment.
The report said the home automation market "is clearly at an inflection point and poised for significant growth over the next few years.”
At the same time, consumer education is needed to keep the segment growing. A September 2009 survey of U.S. consumers by the research form found that almost half the 1001 respondents did not know what “home automation” was.
"Other issues for consumers were the expense, and a perceived lack of need for home automation," said practice director Sam Lucero.
Still, growth is expected to increase as:
• costs are driven out
• companies in related markets target home control in their devices
• home security service providers expand home monitoring services
• telco and cable broadband service providers expand into home automation
• utilities use home automation to help homeowners reduce power usage
to Daily News