Technology industry

Report: Home Tech Industry Now Surpasses $20 Billion

FISHERS, Ind. (APRIL 6, 2022) – CEDIA, the global trade association for the home technology industry, today released the Integrated Home Market Analysis in partnership with leading market research firm, Anchorage Consulting LLC . The results highlight the strength and stability of the integrated residential market estimated at $20.1 billion.

Respondents were surveyed online from August to October 2021 and asked to report revenue figures for the past 12 months and provide projections for 2022. Objectives include size of the integrated home industry, areas of expenditure, size and frequency of projects, brands specified by category. , and the latest trends.

“As consumers focused on improving and connecting their lives at home, the growth of the smart home industry was significant,” said Daryl Friedman, President and CEO of CEDIA Global. “The past two years have shown us all to see the potential of our homes as centers for entertainment, education, work and well-being. Our latest study confirms these leading results, as well as many points of important data available to CEDIA members.”

Main findings:

  • Based on average annual revenues and project frequency, the integrated domestic market in the United States is worth an estimated $20.1 billion.
  • Approximately 11,000 integrator companies operate in the United States with an average annual revenue of $2.2 million and an average project size of $26,000.
  • Residential projects account for an average of 83% of turnover
  • The average integration company employs 11 people and carries out 70 projects per year
  • Most integration companies plan to add a technical staff member within the next 12 months
  • Fastest growing categories include lighting/shading, lighting control and networking
  • Owners turn to streaming and ‘simpler’ solutions
  • The DIY trend continues to add pressure to this market, but not enough to thwart the bullish growth forecast for the next 12 months

One of the key strategic advantages CEDIA offers home technology integrators is market research that allows them to quickly size the market, understand trends, benchmark themselves against their peers, and steer their businesses toward stability. and continued growth. As consumers continue to set and adapt to these new standards, CEDIA is gathering first-hand information from integrators to paint an accurate picture of the industry as a whole.

The 2021 CEDIA Domestic Market Analysis for the United States and United Kingdom is free to download for CEDIA members in the Research Library. Non-members can purchase a copy of the report for $1,000.