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Smart Home Ind. Revenue Forecast to Quintuple 2014-2015 to US$7.8 Bn.

2014/12/11 | By Ken Liu

Market consultant Topology Research Institute (TRI) of Taiwan forecasts the smart home industry to generate revenue of US$50 billion worldwide by 2015, quintupling 2014's US$7.8 billion, based on wide availability of smart devices and broadband network.

The institute says home-connectivity technology has evolved into smart TV from its original application in digital TV and TV entertainment devices, to  further penetrate security, automation, energy-management, and healthcare systems for homes to constitute smart home network to be controlled via Internet by smart devices as smartphone.

Such promising outlook is expected to create ample business opportunities for Taiwan's connectivity-solution suppliers, including Accton Technology Corp., Sercomm Corp., D-Link Corp., and Gemtek Technology Co., Ltd.

The England-based market consultant, Juniper Research Ltd., even forecasts the industry's revenue to increase to US$71 billion by 2018, mostly driven demand for home automation,  healthcare, and entertainment systems.

These business opportunities will also drive telecom-service and cable TV-service providers to work with smart home solution providers to share the market, according to Juniper.

One Taiwanese chip vendor, MediaTek Inc., has already tapped the market by releasing an energy efficient IEEE 802.11n wireless chip for small smart home equipment as lighting and wall plugs. (KL)

Taiwan's Smart-Home Related Suppliers

TAIEX  code

Company

Product

2332

D-Link

Web camera, smart gateway, home automation

2345

Accton

Home automation, home security solution

2412

Chunghwa Telecom

Digital TV, home security solution

2454

MediaTek

Smart home chip

3045

Taiwan Mobile

Digital TV, home security solution

3380

Alpha Networks

Web camera, digital set-top box

4906

Gemtek

Digital set-top box, cloud computing solution

5388

Sercomm

Home automation, home security solution

Source: the companies.