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  1. CTA: Consumer Tech to Generate $292 Billion in 2017

    According to the Consumer Technology Association , increasing consumer enthusiasm for the Internet of Things (IoT) and adoption of emerging technology will drive the U.S. consumer technology industry to $292 billion in retail revenues ($228 billion wholesale) in 2017. The CTA's semi-annual industry report, "U.S. Consumer Technology Sales and Forecasts," forecasts sales of emerging tech products such as smart home devices, wearables and 4K UltraHD TV sets will help produce 1.5% year-over-year (YOY) growth in industry revenues. "Our forecast reinforces our belief that connectivity is going to be one of the driving trends of our time," said Gary Shapiro, president and CEO, CTA. "More and more consumers are discovering the remarkable benefits connected products deliver, providing anytime/anywhere access to information, entertainment and each other. Consumers recognize that connected innovations are changing our lives for the better - offering us more control and personalization while helping us lead safer, healthier and happier lives." Emerging Technology Categories Among categories tracked by CTA's forecasts, U.S. sales of connected devices are projected to reach 600 million units in 2017 - a record high total and 5% YOY increase from 2016. Smart home is evolving as consumers' most popular means of IoT engagement. CTA projects the smart home category - including smart thermostats, smart smoke and CO detectors, IP/WiFi cameras, smart locks and doorbells, smart home systems, and smart switches, dimmers and outlets - to reach sales of 29 million units in 2017 (63% increase over 2016), earning $3.5 billion (57% increase). Digital assistant devices present an opportunity to understand how home tech products will integrate artificial intelligence over time. 2017 unit sales projections for voice-controlled, stand-alone digital assistant devices with a cloud-based operating system - including Amazon's Echo and Google Home - are expected to reach 4.5 million units (52% increase) and reach $608 million in revenue (36% increase). 4K UltraHD TVs are one of the industry's fastest growing segments, driven in part by next-generation technologies such as high dynamic range (HDR) and wide color gamut. Growth of the 4K UltraHD market is outpacing the transition to HDTV; cumulative sales of 4K UHD displays are forecast to hit 18.6 million units in their first three years, while sales of HDTVs reached 4.2 million units in their first three years on the market. CTA projects shipments of 4K UHD displays to reach 15.6 million units in 2017 (51% increase) and earn $14.6 billion in revenue (38% increase). Virtual reality (VR) and augmented reality (AR) are among the leaders in YOY growth in 2017. VR headset unit sales are projected to reach 2.5 million units (79% increase) and $660 million in revenues (43% increase). CTA's AR/VR Working Group recently finalized a set of industry definitions to better explain the spectrum of experiences in the category. Total drone sales are expected to top 3.4 million units in 2017 (40% increase) and $1 billion in revenue for the first time (46% increase). CTA's forecast also delineates U.S. drone sales for units below and above 250 grams, the FAA's division for mandatory drone registration: Drones below 250 grams are expected to reach 2 million units, and drones above 250 grams are expected to sell 1.3 million units. Driven by the popularity of fitness activity trackers, the total wearables market in 2017 - including other health and fitness devices, hearables and smartwatches - is expected to reach 48 million unit sales (14% increase) and earn $5.5 billion in revenue (3% increase). "2016 was an important year of transition - with potentially game changing products including VR headsets and digital assistant devices gaining steam within mass consumer markets. I expect 2017 to be a year where many of these emerging tech categories find their footing and really take off," said Shawn DuBravac, Ph.D., chief economist, CTA. "We've had more progress in voice-activated digital assistants in the last 30 months than in the first 30 years. Word recognition accuracy has improved from nearly zero percent in the 1990s to 75% in 2013 to about 95% today - enabling these devices to enjoy immense consumer adoption. While still in a period of massive experimentation, we're increasingly moving away from what is technologically possible and focusing on what is technologically meaningful." In addition to devices, automotive is another hotbed of innovation. Factory-installed technologies, from entertainment systems to driver-assist features, make up an estimated 50% of the collective value in new vehicles, up from about 25% 10 years ago. The CTA estimates factory-installed automotive technologies will contribute nearly $17 billion to industry sales in 2017. Maturing Technology Categories The five largest revenue drivers are expected to contribute 48% of total industry revenue in 2017. Despite revenue declines across some of the largest categories, unit shipment increases indicate continued resilience in these categories. Smartphones: Unit volume is expected to grow 3% to reach 185 million smartphones sold in 2017, with revenues expected to reach $55.6 billion (2% increase). Unit volume is expected to taper off by 2020, as hardware better meets the average user's computing demands and replacement cycles lengthen. TV sets: While LCD TV unit shipments enjoyed their best year yet in 2016, 2017 is expected to initiate a period of slight declines with unit volume at 39 million units (2% decrease) and $17.8 billion in revenue (2% decrease). Future category growth is expected to be driven by 4K UHD upgrades. Tablets: While tablets remain one of the best performing categories in terms of total volume, after momentous adoption of tablets over the past five years, near-term adoption has leveled off, and replacement cycles have slowed. Tablet sales are expected to decline in 2017, as CTA expects sales of 59 million units (5% decrease) and revenues of $16 billion (8% decrease). Laptops: In 2017, the laptop market is expected to sell 27 million units, holding steady with last year, and earn $15.6 billion in revenue (3% decrease). Growth within the laptop market is expected to come from convertible models in the coming years. Desktops: The desktop market is expected to continue to see structural declines, with projected unit sales of 6.7 million (7% decrease) and revenue of $3.9 billion (8% decrease).

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    Wed, 4 Jan 2017

  2. Parks: Interoperability Key to Smart Home

    According to Parks Associates, interoperability initiatives are key to smart home growth opportunities. For example, 11% of U.S. broadband ...

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    Thu, 29 Dec 2016

  3. ABI: Voice Control the New Smart Home Star

    According to ABI Research, voice control will account for close to a third of smart home device revenues by 2021. Voice control became a ...

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    Thu, 3 Nov 2016

  4. Smart Home Market to Hit $27 Billion in 2020

    According to ON World , smart home system installations nearly doubled last year. By 2020, the research house expects 75 million smart home ...

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    Thu, 25 Feb 2016

  1. Smart Home Devices to Nearly Double in 2016

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    Wed, 13 Jan 2016

  2. GreenPeak Intros Smart Home Solution

    At CES 2016 in Las Vegas, GreenPeak Technologies will unveil and demonstrate its Family@Home application. The smart home system ...

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    Thu, 31 Dec 2015

  3. Teleste Debuts Smart Home Privacy Tools

    At ANGA COM in Germany, Teleste will be demonstrating a privacy solution for the smart home environment. As a part of Teleste's Intelligent ...

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    Sat, 30 May 2015

  4. Smart Home Heating Up, Going 'DIY'

    According to ABI Research , a growing roster of smart home services and device providers are using home security monitoring as a ...

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    Thu, 21 May 2015

  5. Rogers Launches Home Security in BC

    Rogers Communications (NYSE:RCI) has introduced its Smart Home Monitoring security service in Vancouver and the Lower Mainland ...

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    Wed, 18 Feb 2015

  6. Smart Home: Standards vs. Innovation

    A recent report from ABI Research indicated that while smart home (including home security and home automation) stands to be a good ...

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    Wed, 9 Jul 2014

  7. Smart Home: $72 Billion Market by 2017

    Strategy Analytics predicts that 16% of broadband households in the world - some 160 million homes - will have at least one smart home system by 2017, and that the total market will reach $72 billion by then. Interactive security services, integrated entertainme...

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    Thu, 10 Jan 2013

  8. Smart Home Biz: $7.6 Billion this Year

    According to a report from Strategy Analytics, increasing demand for broadband-enabled home security and control systems will drive U.S. revenues for smart home systems and services to $7.6 billion in 2012. More than 8% of U.S. homes are expected to contain at least one smart home product or ...

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    Fri, 13 Apr 2012

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