This industry research report outlines the growth prospects and forecast for the connected home appliance market in the US with segmentations by home appliances and smart home appliances. This market study analyzes the key trends and drivers impacting the market shares of the top players in the industry. The leading market vendors analyzed by this report include ARRIS, Comcast, iControl, and Samsung.
Technavio has released updated information on the smart home market, with the publication of its new market research report, connected home appliance market in the US. The connected home appliance market in the US is expected to generate revenue worth US $2,600 billion between 2015 and 2019. The demand for smart homes is expected to witness a huge upsurge in the coming years due to the growing demand for home security in the US.
Growing need for security and the large number of baby boomers has fuelled the demand for smart homes in the US. These homes provide abundant remote monitoring applications in health, entertainment, and security areas. Vendors are exploring highly intelligent, interconnected, and interoperable systems to equip smart homes to enhance the overall standard of living. They are focusing on integrating appliances in ways where users can perform multiple tasks with a single click. The average number of sensors and connected devices in the US is expected to increase to 16 million by the end of 2015,” says Navin Rajendra, Lead Analyst, IT Hardware, Technavio Research.
Connected home applications include automatic centralized lighting control systems, HVAC control systems, security and access control systems, entertainment control systems, and those systems that control various household appliances. The growing popularity of home automation systems is mainly due to the benefits that they offer in terms of increased comfort, enhanced safety and security, and efficient energy management.
The major players in the connected home appliance market in the US include ARRIS, Comcast, iControl, and Samsung. High initial investments have hindered the entry of small players in the market, while the key players are constantly gaining edge in the market with rapid technological advancements.
A more detailed analysis is available in the Technavio report, Connected Home Appliance Market in the US 2015-2019.
We can customize this reports by other regions and specific segments upon request.
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