Who owns a smart home?

Among the one-quarter who currently own smart home technology, Millennials (18-34) comprise the largest share, at 44%, followed by Gen Xers (35-54; 33%) and those aged 55 and older (24%). Smart home technology adopters also skew more male (57%) than female (43%).

How many people own a smart home?

According to MediaPost, 69% of households in the U.S. have at least one smart device, while 12% of those (about 22 million homes) have several. But deciding which device is right for you can be trickier than it seems. And since smart homes can save money on your insurance premiums, it's not a decision to take lightly.

Who are the leaders in smart home technology?

At the moment, it looks like there are four major leaders in the smart home space, all household tech names. When asked in a recent study which brands are the leaders in the smart home technology race, Google, Amazon, Samsung and Apple all received equal rankings by consumers.

What percentage of Americans have a smart home?

From smart doorbells to thermostats and light bulbs, smart home has grown popular all over the world. It was estimated that almost 37 percent of households in the United States owned a smart home device in 2020, the highest forecast smart home penetration rate worldwide.

Who created smart homes?

Smart homes would be very different without this invention – as would mobile phones! 1966: American engineer James Sutherland – working for Westinghouse Electric – designed the ECHO IV (also called the ECHO 4 or Electronic Computing Home Operator).

Smart home of the future

What was the first smart home?

First Smart Home Technology

The modern beginning of smart home technology can be traced back to 1975 with the release of X10, a home automation platform that sends digital information through radio frequency bursts onto a home's existing electrical wiring.

Where did smart home originate?

It has been prevalent in the form of a concept among the consumers and industry experts. The smart home concept started with the invention of remote controls, unveiled by Nikola Tesla in 1898. The early 1900s witnessed the industrial revolution, which paved the way for the introduction of the first home appliances.

Who is the target audience for smart homes and cities?

According to the 2020 E Source Smart Home Consumer Survey, individuals 18 to 34 who live in single-family homes and make between $25,000 to $75,000 annually are most likely to purchase smart tech in the next year (figure 1).

Why is smart homes gaining popularity?

The modern home buyer is well travelled and looks to incorporate global trends in his home leading to a surge in demand for such homes. Convenience: In the fast pace life, comfort and convenience of using your phone device to manage your house appliances in and around the house work wonders.

Are smart homes on the Rise?

Over 130 million households are home to at least one smart speaker, according to Statista data. That figure is expected to rise to as many as 335 million in the next five years. All smart home devices are set for huge growth in the near future, says Statista.

Who is the best smart home company?

What is the biggest market for smart home devices?

Entertainment and other controls was the largest market for smart home in 2020.

How big is the smart home industry?

The global smart home market size was USD 86.48 billion in 2020. The market is expected to grow from USD 99.89 billion in 2021 to USD 380.52 billion in 2028, growing at a CAGR of 21.1% during the 2021-2028 period.

Which country has the most smart homes?

China. China's some way behind the US when it comes to smart homes. It has around 19.5 million of them but the real crazy stat here is that's up a whopping 48.1% on last year, proving that 2018 is a big year for the ambient home in Asia.

Do smart homes sell for more?

Does a Smart Home Increase a Home's Value? Smart home technology can definitely add to market value. Appraisers make what they call “adjustments” when they compare tech-enabled homes with similar but tech-deficient houses. Smart homes command higher prices and may be easier to sell as a result.

Are smart homes the future?

There is no shortage of statistics or research predicting the growth of the smart home — millions of new endpoints have found their way into homes over the past year or two, globally. Consumer desire for these smart devices, spurred by purchases made during the pandemic, will likely continue for the foreseeable future.

How many homes are smart in the year 2020?

The number of smart homes is forecast to grow and surpass the 350 million mark by 2023. Smart speakers are the most widely-known market segment, of which around 320 million were in use in 2020.

Who buys smart home products?

And even older consumers (age 55+) are embracing the devices, growing from 1% to 6% in one year. The same holds true when it comes to home automation devices. Of consumers ages 35-54, 16% own a home automation device, up from 11% the year before, while 8% of consumers ages 55+ owned a home automation device, up 1%.

How can I promote my smart home?

Who needs home automation?

With smart home devices, you can remotely monitor your home appliances and ensure that all devices are safely switched off. One of the biggest advantages of home automation is that it keeps your abode safe, and prevents accidental fires, water leaks, gas leaks, and other disasters.

When did smart home become a thing?

1998 – Early 2000s: Smart Homes – Smart homes, or home automation, began to increase in popularity in the early 2000s. As such, different technology began to emerge. Smart homes suddenly became a more affordable option, and therefore a viable technology for consumers.

What does a smart house do?

A smart home allows homeowners to control appliances, thermostats, lights, and other devices remotely using a smartphone or tablet through an internet connection. Smart homes can be set up through wireless or hardwired systems. Smart home technology provides homeowners with convenience and cost savings.

What are the benefits of a smart home?

How are smart devices made?

Smart devices are typically composed of a hardware layer (including a radio that transmits signals), a network layer (through which devices communicate with each other), and an application layer (through which end users deliver commands).