Home Technology Industry Now Exceeds $20 Billion — Security Today

Study: Household Technology Field Now Exceeds $20 Billion

CEDIA, the global trade affiliation for the home technological know-how field, lately released the Built-in Residence Current market Analysis in partnership with main marketplace exploration business, Ancrage Consulting LLC. The results emphasize the energy and steadiness of the believed $20.1B built-in residence sector.

Respondents were being surveyed on the internet from August to Oct 2021 and asked to report on income figures from the very last 12 months and provide projections for 2022. Goals include the sizing of the integrated dwelling field, locations of expenditure, project measurement and frequency, specified brand names by classification, and most recent developments.

“As shoppers concentrated on improving and connecting their lives at property, development in the clever dwelling sector was major,” says CEDIA World President and CEO Daryl Friedman. “The earlier two yrs have authorized us all to see the likely of our residences as the hub for entertainment, education and learning, get the job done, and wellness. Our most recent analyze confirms these best-line findings, as properly as quite a few critical information details offered to CEDIA members.”

Crucial findings:

  • Primarily based on typical yearly income and challenge frequency, the integrated property sector in the U.S. has an estimated value of $20.1B
  • Close to 11,000 integrator companies work in the U.S. with an normal yearly profits of $2.2M and an average project dimensions of $26K
  • Residential projects represent 83% of profits, on ordinary
  • The normal integration firm employs 11 people today and completes 70 initiatives per 12 months
  • Most integration organizations anticipate incorporating a complex personnel member in the up coming 12 months
  • Groups encountering the most growth involve lighting/shading, lights command, and networking
  • Property owners are shifting toward streaming and “simpler” answers
  • The Do-it-yourself pattern proceeds to increase tension to this industry, while not adequate to thwart the bullish advancement projected for the following 12 months