West Technology Research Solutions (WTRS) announced the publication of a new report that predicts a Total Addressable Market (TAM) globally of 5.3 billion units for Electronic Home Improvement and Automation products by 2010.
Mtn.View, CA (PRWEB) March 29, 2006 -- West
Technology Research Solutions new Total Addressable
Market Report details the predicted growth and demand
in the major home applications for sensors and
automated controls. The use of embedded smart sensors
and controllers will grow as more manufacturers and
home builders increasingly incorporate “smart”
capabilities into the design of everyday items.
The growth potential in home automation has long been
recognized in generalized statements, but now WTRS has
released a major new analysis of the Total Addressable
Market for electronic home improvement and automation
applications. The report identifies and describes an
extensive list of applications and market drivers as
well as detailed forecasts and substantive data that
is of immediate interest to a wide variety of
manufacturers, homebuilders, designers and architects.
A sample of the findings includes these two areas:
1) The market for household safety sensors will
rejuvenate the overall safety market, with the market
for smoke and fire detectors growing to more than 96
million by 2010 in the US alone. Adoption of sensors
into household safety equipment devices should lead to
a total installed market in the US of 579 million
nodes. Integral are the integration of sensors into
mold detection, earthquake sensors, and child safety
products.
2) In the US, the market for residential lighting
controllers will grow to more than 1,272 million
installed nodes by 2010. Controllers for residential
lighting offer large revenue opportunities as
integrated control over energy and lighting systems
enables a higher level of energy conservation and cost
savings.
The Report examines many other application areas in
great detail.
The WTRS Total Addressable Market Report is a new
category of market report, in that it encompasses
virtually all aspects of the home automation
application arena and defines current usage, forecasts
growth by both technology and acceptance, and
identifies market opportunities for suppliers who wish
to participate in this coming boom.
Questions answered by this groundbreaking new TAM
Report include:
What are the precise applications for sensor and
control in the home?
Who are some of the end product manufacturers?
How do the end product manufacturers sell their
products?
What are the key functions required by each
application?
In which rooms of the home are the products found?
What is the addressable market for sensors and control
nodes in a given application over the next ten years?
What are the technologies that can be used and how do
they compare.
About WTRS: West Technology Research Solutions is an
independent market research and consulting company
focused solely on emerging wireless technologies since
1995. A true market leader in accurate forecasting,
WTRS uses proprietary macroeconomic techniques as well
as traditional research modalities.
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