Smart Homes and Home Automation

Table of Content

• Lone Worker Safety Solutions 2nd Edition
• The Video Telematics Market 3rd Edition
• Berg Insight
• Fleet Management in South Africa 5th Edition
• The installed base of off-highway vehicle telematics systems to reach 12.2 million units worldwide by 2026
• Reports from Berg Insight
• Semtech’s LoRa® Devices Optimize Building Management Systems in U.S.

Providers of DIY home security systems include SimpliSafe, Frontpoint, Ring , Yale , Arlo, Somfy, Scout Security, Canary, Minut and Wyze Labs. DIY security systems typically include self-monitoring as a standard feature and professional alarm monitoring services are offered as an option. ADT and Verisure are the two largest providers of professionally monitored alarm systems for homes and small businesses, with 6.3 million and 4.3 million customers respectively at the end of 2021. ADT is only active in the US while Verisure is active in 13 European countries and four countries in South America. The European market is still behind the North American, in terms of market penetration.

And sensors will even show up in toilets to check for signs of any potential health conditions by scanning human waste before it’s flushed. Bathroom-fixture company Toto has experimented with urine-sampling toilets, while one company has filed patents for devices including a mirror that’s meant to monitor users’ health just by analyzing their skin. Homes will have health sensors of their own, too, that check for issues like water damage, pest infestation and so on, alerting owners to any potential problems before they become far costlier to manage. A range of technological developments will drive smart-home technology well beyond what’s available on store shelves today.

Lone Worker Safety Solutions 2nd Edition

While sales in brick-and-mortar stores declined, online sales instead surged. Many people spent more time at home during the pandemic and thus became interested in smart home products that improve their home. The European market for smart home systems is still a few years behind North America, bothin terms of market penetration and maturity. At the end of 2019, there was a total of 111.9million smart home systems in use in the EU28+2 countries, up from 83.9 million in theprevious year. Around 10.8 million of these systems were multifunction or whole-home systems whereas 101.1 million were point solutions. This corresponds to around 40.3 millionsmart homes when overlaps are taken into account, meaning that 17.4 percent of allhouseholds in Europe were smart at the end of the year.

The most advanced smart home market is North America, having an installed base of 51.2 million smart homes at the end of the year. Between 2019 and 2020, the number of smart homes in North America grew by 18.7 percent year-on-year. By 2024, Berg Insight estimates that close to 78 million homes in North America will be smart, meaning 53 percent of all homes in the region. That, at least, is the utopian version of the smart home that exists 10 years out. But a decade from now, experts say, we’ll move from turning the lights on and off with our voices to total immersion in the Internet of Things .

The Video Telematics Market 3rd Edition

The market opportunity and growth potential in the smart home market are still enormous. Products and systems related to security and energy management have so far been the most successful as they provide a clear value for consumers. Health applications will drive at least some of the smart-home growth over the next decade. Cameras and sensors embedded in refrigerators will suggest more nutritious alternatives if people are reaching for the sugary sodas a little too frequently. Similar technology in medicine cabinets will check if residents have taken their prescriptions.

EQ-3, Centrica, Deutsche Telekom and Somfy are estimated to be the largest vendors of whole-home systems in the region. The most popular smart home products include smart thermostats, smart light bulbs, smart security cameras, smart door locks, smart plugs and smart speakers. These products, which combined has sold in the hundreds of millions, are marketed by incumbent OEMs such as Signify, Resideo, Danfoss, Belkin, Chamberlain, Kwikset and Assa Abloy and newer entrants such as Ecobee, Sonos, Arlo, Netatmo, IKEA and Wyze Labs.

Berg Insight

Thanks to advancements in artificial intelligence, the smartest homes will be able to truly learn about their owners or occupants, eventually anticipating their needs. Developments in robotics will give us machines that offer a helping hand with cleaning, cooking and more. Central to all of this will be the data that smart homes collect, analyze and act upon, helping to turn the houses of the future from a mere collection of gadgets and accessories into truly “smart” homes. Of course, as our homes learn more about us, keeping them secure will become all the more important.

The number of professionally monitored alarm systems in Europe is forecasted to grow at a compound annual growth rate of 4.5 percent, from 17.6 million in 2021 to reach 21.9 million in 2026. In North America, the number of monitored alarm systems is forecasted to grow at a CAGR of 3.0 percent, from 33.6 million in 2021 to 39.0 million in 2026. Security systems for small businesses and private homes can be divided into three main categories – local, self-monitored and professionally monitored security systems. When activated, a local security system emits an alarm sound to alert the surroundings and scare off intruders.

Innovations in artificial intelligence, for example, stand to upend almost everything in our lives, including our homes. You might already be using some kind of AI-powered voice-assistant gadget to get the latest news or weather forecast every morning. But in the smart home of the future, those AI platforms could serve as the brain for entire homes, learning about residents and coordinating and automating all of their various smart gadgets. IoT company Crestron, for example, is working on software that tracks a person’s habits, like which music they want to hear in the morning or which lights they want to be on at a certain time of day.

An estimated 19.1 million of these were multifunction or whole-home systems whereas153.5 million were point solutions designed for one specific function. As some homes havemore than one smart system in use, the installed base totalled an estimated 43.1 millionsmart homes at the end of the year. This corresponds to 30.2 percent of all households,placing North America as the most advanced smart home market in the world. Between 2019and 2024, the number of households that adopt smart home systems is forecasted to grow ata compound annual growth rate of 12.5 percent, resulting in 77.9 million smarthomes. The market value reached US$ 27.0 billion (€_24.1 billion) in 2019, an increase of20.5 percent year-on-year. The market value is expected to grow at a CAGR of 14.1 percentbetween 2019 and 2024, reaching US$ 52.3 billion (€ 46.7 billion) in yearly revenues at theend of the forecast period.

Every device that’s connected to the Internet is a potential target for hackers. When we’re talking about devices that can unlock our homes from afar, peer into our living rooms using cameras, and collect our most sensitive and personal data, cybersecurity will become all the more vital. Any kind of massive breach that turns off consumers, says Daniel Cooley, chief strategy officer at electronics-component manufacturer Silicon Labs, could be catastrophic for the industry. Participants in the smart home industry are now focusing increasingly on the software side of the solutions to develop compelling use cases. Ease of installation, integration with other IoT devices and security will remain key priorities for consumers.

“Modern security camera solutions can distinguish between humans, pets, vehicles and other objects and notify the user only if there is an actual threat to the premises”, continues Mr. Bäckman. TIME may receive compensation for some links to products and services on this website.

There was a total of 51.4 million smart homes in Europe at the end of 2020. The installed base in the region is forecasted to exceed 100 million homes at the end of 2024, representing a market penetration of 42 percent. The Covid-19 pandemic has so far had a very limited negative effect on the smart home market in the two regions.