Home Automation Market Forecast to Grow at 78% CAGR to Exceed 351 Million by 2018

By 2018, ABI Research expects annual home automation device shipments to exceed 351 million, growing at a CAGR of 78%. ZigBee dominated IEEE 802.15.4 and claimed the top share of node shipments at 4.5 million, narrowly beating out proprietary protocol offerings.

Senior analyst Adarsh Krishnan, comments, “ZigBee is enjoying success in the home automation market because, as an open standard technology, multiple IC vendors are creating ZigBee chipsets. Quite simply, open standard technologies are considered less risky and highly scalable when compared to the closed ecosystems of proprietary RF technologies.”

Another wireless communication protocol that has gained traction in the home automation market is Z-Wave. Recent managed service initiatives that offer home automation as a service are using the Z-Wave protocol to connect low-power home automation devices. Z-Wave enjoys support from consumers, especially in the DIY segment, because the interoperability of the wide portfolio of vendor products. As a result, consumers have choice regardless of the distribution channel or supplier.

Smart devices that use the Bluetooth Low Energy (BLE) protocol part of Bluetooth v4.0 single-mode specification will experience the highest growth in the category, reaching over 133 million units by 2018. Practice director Dan Shey explains, “Consumer electronics (CE), including smartphones, tablets, and laptops equipped with Bluetooth are a major contributor to Bluetooth growth in home automation. Not only do these devices drive production economy of scale advantages but CE’s are also growing role as a tool for managing and interacting with home automation systems.”

ABI Research’s study “Wireless Technologies for Home Automation” covers wireless networking technologies used for automation applications in the home and is part of ABI Research’s Smart Home Research Service (http://www.abiresearch.com/research/service/home-automation-and-smart-buildings/) which includes Research Analysis, Market Data, Presentations, Insights, and Competitive Assessments.

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    ABI Research. (2019, February 20). Home Automation Market Forecast to Grow at 78% CAGR to Exceed 351 Million by 2018. AZoRobotics. Retrieved on November 22, 2024 from https://www.azorobotics.com/News.aspx?newsID=4468.

  • MLA

    ABI Research. "Home Automation Market Forecast to Grow at 78% CAGR to Exceed 351 Million by 2018". AZoRobotics. 22 November 2024. <https://www.azorobotics.com/News.aspx?newsID=4468>.

  • Chicago

    ABI Research. "Home Automation Market Forecast to Grow at 78% CAGR to Exceed 351 Million by 2018". AZoRobotics. https://www.azorobotics.com/News.aspx?newsID=4468. (accessed November 22, 2024).

  • Harvard

    ABI Research. 2019. Home Automation Market Forecast to Grow at 78% CAGR to Exceed 351 Million by 2018. AZoRobotics, viewed 22 November 2024, https://www.azorobotics.com/News.aspx?newsID=4468.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.