by Ed Wenck, CEDIA Content Marketing Manager
A 17-member panel has made 100 predictions for 2020. Here are predictions 41-50._
Let’s continue with the predictions for 2020 from CEDIA Senior Director of Emerging Technologies Dave Pedigo and the 16 volunteers who make up CEDIA’s Tech Council. There are 100 in all, and links to the first 40 can be found at the bottom of this article.
This time we tackle Aging in Place, augmented memory, and attorneys.
Prediction 41. Aging in Place is becoming a profit center for our industry. Ric Johnson, who’s not a member of the Tech Council but blogs about CEDIA’s annual show as a “CEDIA Tweep,” is with a firm that already specializes in this segment, Right at Home Technologies. Ric brings the data in a recent post at cedia.net/show:
According to the U.S. Census Bureau, the number of residents 65 or older will grow from 35 million in 2000 to nearly 73 million by 2030. Right now, in 2016, nearly 54 million residents are at or nearing 65 years of age. The National Association of Home Builders (NAHB) estimates that over 70 percent of these homeowners are planning or making aging related improvements for themselves or their parents. This is an active, growing market. In this market, Home Automation requests are at about 49 percent, with assistive technologies around 14 percent and home health or activity monitoring tracking currently at 10 percent. As our population continues to age, requests for these services will continue to grow.