2019 Home Automation Industry Overview - February 2020
Dollar sales for home automation products at retail increased 13% in 2019. Security cameras continue to drive the highest dollar sales of any home automation segment – but as this segment matures, with ownership rates now approaching 1 in 4 homes and a number of value brands readily available, growth rates have fallen by as much as half each year since 2016.
A good number of sales are going to existing smart homes rather than to brand new consumers, as nearly 3 out every 4 consumers who own home automation products owns more than one type.