The Home Technology Industry Exceeds $20 Billion, CEDIA Says

CEDIA has released the results of their Integrated Dwelling Current market Investigation survey, which depicts a secure residence engineering business valued at $20.1 billion.

Respondents of the survey were being submitted their responses on the net from August to Oct 2021 and questioned to report on earnings figures from the final 12 months. The queries were being made to forecast overall built-in property business dimensions, regions of expenditure, project dimensions and frequency, specified brands, and hottest tendencies.

The Home Technology Industry Exceeds  Billion, CEDIA Says
Supply: CEDIA

Crucial findings of the report involve:

  • Centered on ordinary yearly earnings and task frequency, the integrated home current market in the U.S. has an believed worth of $20.1B
  • Approximately 11,000 integrator businesses run in the U.S. with an regular once-a-year earnings of $2.2M and an regular venture measurement of $26K
  • Residential tasks represent 83% of profits, on regular
  • The regular integration organization employs 11 individuals and completes 70 assignments for every calendar year
  • Most integration firms anticipate including a technical team member in the future 12 months
  • Categories suffering from the most advancement contain lights/shading, lights control, and networking
  • Owners are shifting toward streaming and “simpler” alternatives
  • The Diy development continues to incorporate pressure to this marketplace, however not sufficient to thwart the bullish progress projected for the up coming 12 months
Supply: CEDIA

Extra Projects at a Lower Price Issue

The common task size of US integrators has fallen somewhat in the final a number of several years, regardless of the actuality that overall undertaking rely has grown considerably (from 56 average initiatives in a year in 2014 to 70 in 2021). Considerably of this phenomenon could be explained by the point that bigger integrators are obviously in a position to entire extra initiatives in a calendar year than smaller sized companies can.

CEDIA panelists commenting on the results pointed out that Do it yourself proceeds to set force on integrators, probably narrowing their discipline of projects.

Supply: CEDIA

As customers keep on developing and modifying to these new norms, CEDIA gathers 1st-hand perception from integrators to properly paint a photograph of the business at substantial.

The 2021 CEDIA Property Current market Evaluation for the U.S. and U.K. is free of charge to obtain for CEDIA members in the Investigation Library. Non-users may well purchase a copy of the report for $1,000.