Demand for smart home technology to skyrocket

According to a new report from ABI Research, demand for smart home technology is continuing to grow at a rapid pace. In 2013, the research firm said that sales of wireless embedded smart home monitoring devices, such as contact and motion sensors, smart thermostats and smart plugs, grew to 17.23 million, almost double the amount of shipments in 2012. By 2018, it is expected that more than half-a-billion wireless smart home monitoring devices will be deployed in homes around the world.

ABI said that growth will develop as new users move to use smart home systems and as users extend their existing systems. Additionally, companies like Honeywell, GE, Nest (recently acquired by Google), Kwikset, UTC, as well as many others are increasingly adding wireless connectivity to their home devices, bringing network connectivity and remote management to their offerings in order to appeal to growing numbers of smart home consumers.

According to ABI, contact sensors for detecting whether windows and doors are closed were the most popular smart home monitoring device shipped last year while motion sensors were in second place. Both devices support smart home monitoring functionality but can also be used for additional applications such as energy management.

“Combined, over 84 million contact and motion sensors will ship annually by 2018; however, it is smart plugs, smart door locks and connected smoke and CO detectors that will see the greatest shipment growth,” ABI Research Senior Analyst Adarsh Krishnan said in a statement.

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