Smart Home Market Growth & New Tech
Updated: 10 hours ago
Welcome to Haustech Weekly. This week we're tracking major market movements, breakthrough technologies, and the trends that matter most to luxury residential integrators.
Home Automation Market Reaches $90.75 Billion — And It's Just Getting Started
via Fortune Business Insights
The global home automation market hit $90.75 billion in 2023 and is projected to reach $237 billion by 2032 at a CAGR of 11.1%, driven by IoT adoption and growing demand for smart technology in residential settings. North America leads with 39% market share.
Michael's take: The numbers don't lie — home automation is exploding. North America leads with 39% market share, but what's most telling is the shift toward professional installation. DIY solutions are growing, but security and energy management systems still require integrator expertise. The luxury market is maturing from gadgets to ecosystems.
Circadian Wellness in the Smart Home
via CEDIA
Smart lighting systems that mimic natural daylight patterns can support circadian rhythms, promoting better sleep quality, enhanced mood, and improved focus through automated color temperature and intensity adjustments — shifting from 2700K warm evening light to 6500K cool morning light throughout the day.
Michael's take: This is where smart homes transition from convenience to health technology. Tunable white LEDs shifting throughout the day aren't just impressive — they're measurably improving sleep and cognitive function. Expect circadian lighting to become standard in luxury projects within 24 months.
Josh.ai 2024 Report: 83 Million Actions
via Josh.ai
Josh.ai's annual report reveals users triggered 83 million actions and 3.6 million voice commands in 2024, with voice used 51.43% of the time for scene activation. Systems controlled an average of 219 devices per home.
Michael's take: These aren't theoretical numbers — they're real usage data from installed systems. The fact that voice commands are used over half the time for scenes proves that when voice control works reliably and privately, users adopt it. This validates the premium price point for local-processing systems like Josh.ai over cloud-dependent alternatives.
