1930s: Debut at the World's Fairs Chicago and NYC
1970s: Invention of the microcontroller
2019: Estimated overall market value of $16.4 billion
The idea of managing all the functions of a home with a centralized control system dates back to at least the beginning of the 20th century. The earliest working prototypes of automated houses debuted in the 1930s at World’s Fairs in Chicago and New York City, but those homes were never intended to be commercially available.1
It wasn’t until the invention of the microcontroller during the 1970s that marketing a fully-wired, “smart” home automation system became economically feasible.
With the growth of computer technology over the last fifteen years or so, the home automation industry has taken off.
- In 2012, the estimated value of the home-automation market was around $3.6 billion.2
- Smart-home device sales doubled the following year3, with 1.8 million new system installations nationwide.4
- Some analysts expect 12 million new residential system installations in 20164 and an estimated overall market value of as much as $16.4 billion by 2019.2