CEDIA survey reveals home technology industry now exceeds $20B
FISHERS, Ind.—CEDIA, a international trade affiliation for the home technologies business, produced the Integrated Dwelling Market Assessment in partnership with industry research business, Ancrage Consulting LLC, revealing that the integrated house current market is at $20.1B.
Respondents were being surveyed on-line from August to Oct 2021 and asked to report on earnings figures from the final 12 months and deliver projections for 2022. Goals include the size of the integrated residence industry, places of expenditure, challenge dimension and frequency, specified models by classification, and hottest tendencies.
“As people centered on enhancing and connecting their lives at dwelling, growth in the good household sector was substantial,” claimed CEDIA Global President and CEO Daryl Friedman. “The previous two years have allowed us all to see the likely of our houses as the hub for entertainment, schooling, perform, and wellness. Our most current research confirms these top-line findings, as well as lots of crucial facts points offered to CEDIA customers.”
Key findings:
- Dependent on typical annual revenue and venture frequency, the integrated house market place in the U.S. has an approximated worth of $20.1B
- Roughly 11,000 integrator organizations function in the U.S. with an ordinary once-a-year profits of $2.2M and an typical venture dimensions of $26K
- Household jobs constitute 83% of income, on regular
- The typical integration corporation employs 11 people and completes 70 assignments for every 12 months
- Most integration providers anticipate adding a complex staff members member in the up coming 12 months
- Categories going through the most progress contain lighting/shading, lights handle, and networking
- Property owners are shifting towards streaming and “simpler” solutions
- The Diy trend proceeds to incorporate stress to this industry, while not plenty of to thwart the bullish expansion projected for the future 12 months
A person of the critical strategic positive aspects CEDIA offers to property technology integrators is market place investigate that makes it possible for them to promptly measurement the market place, realize trends, benchmark to peers, and steer their enterprises in the course of ongoing steadiness and development. As consumers keep on establishing and altering to these new norms, CEDIA gathers initially-hand perception from integrators to precisely paint a image of the market at significant.
CEDIA is the world wide sector affiliation and central contact issue for corporations that style and design, manufacture, and combine technology for the house. With a eager target on training, workforce enhancement, and field expectations, CEDIA continues to develop on its far more than 30-calendar year legacy as the market chief in offering the methods that established associates on a pathway to prosperity. CEDIA delivers market place intelligence as a result of proprietary analysis, fosters group within just the channel, and cultivates recognition with marketplace partners, buyers, and related stakeholders. CEDIA co-owns Built-in Units Europe, the world’s premier AV and devices integration exhibition, and founded CEDIA Expo, the world’s major once-a-year residential know-how exhibit. In excess of 3,900 international CEDIA member companies provide engineering answers that allow family members to knowledge the ideal times in existence from the comfort and ease of their have dwelling. Master additional about CEDIA at www.cedia.web.
The 2021 CEDIA Dwelling Sector Evaluation for the U.S. and U.K. is cost-free to obtain for CEDIA associates in the Research Library. Non-customers may possibly obtain a copy of the report for $1,000.