Find stats on top websites

Industry Landscape

The AV integration and smart home market is experiencing robust growth, driven by increasing demand for connected devices, enhanced user experiences, and integrated solutions in both residential and commercial sectors. Technological advancements in AI, IoT, and voice control are continually expanding market opportunities. Consolidation among integrators and manufacturers, alongside a focus on recurring revenue services, is shaping the industry.

Industries:
Smart HomeCommercial AVHome AutomationSystem IntegrationDigital Marketing

Total Assets Under Management (AUM)

Residential and Commercial Smart Home Market Size in United States

~$30.8 billion (Residential Smart Home, 2023)

(11.1% (CAGR 2023-2030, Residential Smart Home) CAGR)

- Driven by increasing adoption of smart devices.

- Growing consumer awareness and demand for convenience.

- Integration with home security and energy management systems.

Total Addressable Market

$30.8 billion

Market Growth Stage

Low
Medium
High

Pace of Market Growth

Accelerating
Deaccelerating

Emerging Technologies

AI-Powered Automation

AI is enhancing smart home and commercial AV systems with predictive capabilities, personalized user experiences, and autonomous operation, moving beyond simple voice commands.

Matter Standard

This new industry-wide connectivity standard aims to unify smart home devices from different manufacturers, improving interoperability and simplifying system integration.

Sustainable AV Solutions

Growing demand for energy-efficient products and environmentally friendly installation practices is influencing product development and service offerings in the AV sector.

Extended Reality (XR)

XR technologies are finding applications in immersive commercial AV experiences and interactive smart home interfaces.

Impactful Policy Frameworks

California Consumer Privacy Act (CCPA) 2018 (amended by CPRA 2020)

The CCPA grants California consumers new rights regarding the collection and sale of their personal information by businesses, including the right to know, delete, and opt-out of sales.

This policy requires AV integrators and smart home companies handling consumer data to implement robust data privacy practices, potentially impacting data collection for personalized user experiences and marketing.

National Institute of Standards and Technology (NIST) Cybersecurity Framework 2.0 (2024)

NIST CSF 2.0 provides updated guidance for organizations to manage and reduce cybersecurity risks, applicable to all sectors including smart home and AV.

The framework encourages integrators to adopt stronger cybersecurity measures for connected devices and networks, creating a need for marketing that emphasizes secure smart home and commercial AV solutions.

Energy Policy and Conservation Act (EPCA) Appliance Standards (ongoing updates)

EPCA sets energy efficiency standards for various consumer and commercial products, including some smart home devices and AV equipment.

Manufacturers and integrators must ensure their products and installations comply with evolving energy efficiency requirements, potentially influencing product selection and marketing on 'green' solutions.

Transform Your Ideas into Action in Minutes with WaxWing

Sign up now and unleash the power of AI for your business growth