1 in 3 Consumers Likely to Use Smart Home Solutions by 2018, Says ON World

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ON World’s recently completed survey with 1,000 consumers found that within the next three years 1 in 3 are planning smart home sensing solutions such as smart lighting, energy management, safety and security.

With low-cost cloud platforms and smart bulbs available for under $10, cost is no longer a barrier and consumers are demanding simple ways to integrate smart lighting with other applications

One in three U.S. online adults will adopt a smart home sensing system within the next three years, according to global technology research firm ON World. The primary adoption drivers are safety and security followed by energy savings and remote web access. However, smart LED light bulbs are the most likely products that consumers plan to purchase within the next two years.

“Smart LED light bulbs will be one of the fastest growing smart home products over the next five years,” said Mareca Hatler ON World’s research director. “With low-cost cloud platforms and smart bulbs available for under $10, cost is no longer a barrier and consumers are demanding simple ways to integrate smart lighting with other applications.”

ON World’s recently completed survey with 1,000 US online adults found that 30% are planning to purchase a smart home sensing system within the next three years and 21% will own a smart home sensing system within two years. Smart LED light bulbs are planned by over half of likely smart home adopters and the majority of respondents would like to integrate smart lighting with at least one other application. For those that want to integrate with at least one other application, smart thermostats are the most popular, followed by a security system and smart door locks, smart appliances and smart sprinklers.

ON World projects that there will be 133 million smart home wireless lighting products shipped worldwide in 2019.

Based on input from 2,100+ individuals, ON World’s report, “Smart Home Lighting,” covers the global residential wireless lighting controls market and includes 5-year market size forecasts (units and revenues) by product type, market channel, geography and technology; the results from two consumer surveys; an in-depth analysis of 260 smart lighting products; technology evaluation; and analysis of 40+ companies along the smart lighting value chain.

A free executive summary is available from ON World’s website.

About ON World:
ON World (http://www.onworld.com) provides global business intelligence on smart technology markets. Since 2002, our market research and information services are used by Fortune 1000 companies, startups and investors worldwide.

Contact:
Mary Purvis
p: 858-259-2397
e: purvis(at)onworld(dot)com
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Mary Purvis
ON World
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