Tag Archives: Smart Thermostats

Report: 20% of U.S. broadband households to get smart home devices by next year

A new survey released by the Consumer Electronics Association (CEA) and Parks Associates shows continued strong growth of smart home products in U.S. homes, as 20% of households with broadband intend to acquire one or more smart home devices within the next year. The report, entitled “Internet of Things: Smart Home Devices and Controllers,” revealed that nearly half (48%) of those surveyed who own a smart home device are under 35-years-old.

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“It makes sense that early adopters of smart home devices tend to be younger, have a high-tech affinity and are four-times as likely to buy new technology as soon as it is available,” explained Steve Koenig, CEA’s Director of Industry Analysis. “More than half of smart home device owners say they want to use technology as a way to create more time with their family.”

Through its embedded microcontrollers, smart home devices and systems are equipped with processing intelligence, and connected to the Internet through a home network for remote access, monitoring and control capabilities. While 13% of broadband households own at least one smart home device, the survey found unit sales of devices like smart thermostats, door locks, smoke detectors and light switches will continue to offer high-growth rates. In 2014 alone, these types of smart home devices will reach 20.7 million units, while set to increase to 35.9 million units by 2017.

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“Now is the time for the industry to deliver on the promise of better, easier-to-use products, systems and services to help consumers manage their homes,” stated Tricia Parks, CEO of Parks Associates. “Roughly one-third of smart device owners spent more than one month shopping around. Manufactures and service providers must engage and educate the consumer during that purchase process if they want to capture them.”

According to the research, consumers have the highest intention to purchase smart lights (16%) and smart thermostats (16%). Overall, nearly two-thirds seek to purchase a smart device that will communicate with another smart device. As the number of smart devices in a household increases, as will the importance of interoperability. In fact, 60% of owners with three or more devices say interoperability is “very important.”

The point of purchase varies, but a majority of smart devices are bought through a retailer or given as a gift. Smart door locks (27%), smoke detectors (25%), and garage door openers (24%) were the most gifted smart home device. Additionally, smart door locks (38%), home or kitchen appliances (34%), and power strips (33%) were among the smart devices most often purchased from a national or local retailer.

Those interested in learning more can download the entire study here.