Home automation industry revenues could reach as high as $3.17 billion by 2007, according to a new study released by Allied Business Intelligence (ABI). Between the do-it-yourself market and custom homes with sophisticated systems that incorporate hardwired lighting, automated HVAC, and whole-house audio/video systems lies an untapped market of mid-level homes that will contribute to that rise in revenue, the study reports.
“Home Automation Systems & Control Networks: Market Segmentation & Drivers, Technology Review and Forecasts” discusses technology standards, proprietary systems, and emerging technologies as well as market trends that are creating opportunities for growth. It addresses several markets, including do-it-yourself systems and the mid-level projects that will drive the industry.
The report is available on ABI’s Web site.
