Home Automation Market Size, Share, Analysis Report

Home Automation Market by Product (Lighting Control (Switch, Occupancy Sensor), Security & Access Control, HVAC Control (Pump & Fan, Control Valve), Entertainment & Other Controls), Software & Service & Geography - Global Forecast

The global home automation system market is expected to reach US$ 135 Billion by 2027, at a CAGR of 11.3%.

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MARKET SNAPSHOT

Major Players

  • AMX LLC
  • ABB Ltd
  • Crestron Electronics Inc
  • Control4 Corporation
  • Honeywell International
  • Study period:

    2022-2027

    Base Year:

    2021

    CAGR:

    11

    Fastest Growing Market:

    APAC

    Largest Market:

    North America

    REPORT DESCRIPTION

    The global home automation system market is expected to reach US$ 135 Billion by 2027, at a CAGR of 11.3%.

    The Global Home Automation market started growing mainly from the end of the last decade. With the growing awareness related to the energy efficient systems and regional government’s initiatives helped the industry to grow. Today, apart from the mature markets of North America and Europe even the emerging markets are interested in Home automation market. The smart city projects in the mature and emerging markets such as Canada UK, Poland, Germany and India are supporting the growth of the global home automation market and hence, supporting the growth of the industries such as real estate, consumer electronics and construction.

    The smartphone based control applications are largely driving the home automation market. The consumer today is interested in controlling and monitoring the home appliances at anytime from anywhere and at a click. This type of automatic applications is majorly been demanded by the working professionals who are away from their home for the maximum time of the day. They can even look after the elder people and children from their respective workplace. Hence, demanding for smartphone based control applications which can ensure safer and energy efficient home.

    The main drivers of the Home Automation market are growing purchasing power of the people, increase investment in building infrastructure, growing dependence on technology, and government support.

    The home automation market is mainly driven by the North America and Western Europe market. It is expected that home automation market will be a multi million market for these two regions. Some of the major market players include AMX LLC, Crestron Electronics, Inc., Control4 Corporation, ABB Ltd., Honeywell International, and Schneider Electric SA.

    Scope of the report

    This research report has categorized the home automation market into following segments and sub-segments:

    • Types: Market Size & Analysis

    o Luxury Home Automation Systems

    o Mainstream Home Automation Systems

    o DIY Home Automation Systems

    • Connectivity Technologies: Market Size & Analysis

    o Cellular network technologies

    o Wireless Communication Technologies

    o Protocols &Standards

    o Associations

    • Control Systems & Applications: Market Size & Analysis

    o HVAC Control Systems

    o Energy Management And Climate Control Systems

    o Security And Access Control System

    o Lighting Control Systems

    o Integrated Entertainment Control Systems

    o Healthcare Systems And Home Monitoring

    o Multifunction And Whole-Home Home Automation Systems

    o Others (Pool, Spa Control,Sprinkler, and Fountains)

    • Regions: Market Size &Analysis

    o North America: Market Size & Analysis

    -> US

    -> Canada

    o Western Europe (WE): Market Size & Analysis

    -> UK

    -> Germany

    -> France

    -> Italy

    -> Spain

    -> Rest of WE

    o Asia Pacific (APAC): Market Size & Analysis

    -> Japan

    -> South Korea

    -> China

    -> India

    -> Rest of APAC

    o Central Eastern Europe (CEE): Market Size & Analysis

    -> Poland

    -> Russia

    -> Turkey

    -> Rest of CEE

    o Latin America (LA): Market Size & Analysis

    -> Brazil

    -> Mexico

    -> Argentina

    -> Rest of LA

    o Middle East & Africa (MEA): Market Size & Analysis

    -> Gulf Corporation Council(GCC)

    -> Africa

    -> Rest of MEA

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    1 INTRODUCTION    
        1.1    Key Take Aways    
        1.2    Report Description    
        1.3    Markets Covered    
        1.4    Stakeholders    
        1.5    Research Methodology    
            1.5.1    Market Size    
            1.5.2    Market Share    
            1.5.3    Key Data Points From Secondary Sources    
            1.5.4    Key Data Points From Primary Sources

    2 Research Methodology
        2.1 Research Data
               2.1.1 Secondary Data
                        2.1.1.1 Key Data From Secondary Sources
               2.1.2 Primary Data
                        2.1.2.1 Key Data From Primary Sources
                        2.1.2.2 Key Industry Insights
                        2.1.2.3 Breakdown of Primaries
        2.2 Market Size Estimation
               2.2.1 Bottom-Up Approach
               2.2.2 Top-Down Approach
        2.3 Market Breakdown and Data Triangulation
        2.4 Assumptions

    3 Executive Summary

    4 Premium Insights
        4.1 Attractive Opportunities in the Home Automation System Market
        4.2 Home Automation System Market – Top Products
        4.3 Market, By Product and Region
        4.4 Market, By Geography (2015)
        4.5 Global Market Size Based on Software and Service

    5 Market Overview
        5.1 Introduction
        5.2 Market Segmentation
               5.2.1 Home Automation System Market, By Lighting Control
               5.2.2 Market, By Security and Access Control
               5.2.3 Home Automation System Market, By HVAC Control
               5.2.4 Market, By Entertainment Control
               5.2.5 Market, By Communication Protocol and Technology
               5.2.6 Market, By Software & Service
        5.3 Market Dynamics
               5.3.1 Drivers
                        5.3.1.1 Significantly Growing Iot Market
                        5.3.1.2 Cost Reduction Measures Enabled By Home Automation Systems
                        5.3.1.3 Large Number of Manufacturers Expanding Their Product Portfolios
                        5.3.1.4 Increasing Importance of Home Monitoring From Remote Locations
               5.3.2 Restraints
                        5.3.2.1 Many of the Products of Home Automation Industry to Reach Maturity Level
                        5.3.2.2 Market is More Convenience-Driven Than Necessity-Driven
               5.3.3 Opportunities
                        5.3.3.1 Lighting Controllers to Incorporate In-Built Data-Connectivity Technology
                        5.3.3.2 Favorable Government Regulations in Several Countries
               5.3.4 Challenges
                        5.3.4.1 Risk of Device Malfunctioning

    6 Industry Trends
        6.1 Introduction
        6.2 Value Chain Analysis
        6.3 Porter’s Five Forces Model
               6.3.1 Threat of New Entrants
               6.3.2 Threat of Substitutes
               6.3.3 Bargaining Power of Suppliers
               6.3.4 Bargaining Power of Buyers
               6.3.5 Intensity of Competitive Rivalry

    7 Protocols and Technologies Used in Home Automation Systems
        7.1 Introduction
        7.2 Network Technologies
               7.2.1 CDMA Networks
               7.2.2 GSM/HSPA Networks
               7.2.3 Lte Networks
        7.3 Protocols & Standards
               7.3.1 Digital Addressable Lighting Interface (DALI)
               7.3.2 National Electrical Manufacturers Association (NEMA)
               7.3.3 KNX
               7.3.4 Digital Multiplexer (DMX)
               7.3.5 Lonworks
               7.3.6 Ethernet
               7.3.7 Modbus
               7.3.8 Building Automation and Control Network (Bacnet)
               7.3.9 Black Box
               7.3.10 Power Line Communication (PLC)
        7.4 Wireless Communication Technologies
               7.4.1 Zigbee
               7.4.2 Z-Wave
               7.4.3 Wi-Fi
               7.4.4 Bluetooth
               7.4.5 Enocean
               7.4.6 Thread

    8 Home Automation System Market, By Product
        8.1 Lighting Control
               8.1.1 Introduction
               8.1.2 Relays
               8.1.3 Occupancy Sensors
               8.1.4 Daylight Sensors
               8.1.5 Timers
               8.1.6 Dimmers
               8.1.7 Switches
               8.1.8 Accessories and Other Products
        8.2 Security and Access Control
               8.2.1 Introduction
               8.2.2 Video Surveillance
                        8.2.2.1 Hardware
                                    8.2.2.1.1 Security Cameras
                                    8.2.2.1.2 Storage Devices
                                    8.2.2.1.3 Monitors
                                    8.2.2.1.4 Accessories
                        8.2.2.2 Software/Video Analytics
                        8.2.2.3 Services
               8.2.3 Access Control
                        8.2.3.1 Biometric Access Control
                                    8.2.3.1.1 Facial Recognition
                                    8.2.3.1.2 Iris Recognition
                                    8.2.3.1.3 Fingerprint Recognition
                                    8.2.3.1.4 Others
                        8.2.3.2 Non-Biometric Access Control
        8.3 HVAC Control
               8.3.1 Introduction
               8.3.2 Smart Thermostats
               8.3.3 Sensors
               8.3.4 Control Valves
               8.3.5 Heating and Cooling Coils
               8.3.6 Dampers
               8.3.7 Actuators
               8.3.8 Pumps & Fans
               8.3.9 Smart Vents
        8.4 Entertainment and Other Controls
               8.4.1 Introduction
               8.4.2 Entertainment Control
                        8.4.2.1 Audio, Volume, & Multimedia Controls
                        8.4.2.2 Home Theater System Controls
                        8.4.2.3 Touchscreens and Keypads
               8.4.3 Other Controls
                        8.4.3.1 Smart Meters
                        8.4.3.2 Smart Plugs
                        8.4.3.3 Smart Hubs
                        8.4.3.4 Smart Locks
                        8.4.3.5 Smoke Detectors

    9 Home Automation System Market, By Software & Service
        9.1 Introduction
        9.2 Behavioral
        9.3 Proactive

    10 Home Automation System Market, By Geography
         10.1 Introduction
         10.2 North America
         10.3 Europe
         10.4 Asia-Pacific
         10.5 Rest of the World

    11 Competitive Landscape
         11.1 Overview
         11.2 Market Share Analysis: Home Automation System Market
         11.3 Competitive Situation and Trends
                  11.3.1 New Product Launches
                  11.3.2 Contracts, Collaborations, and Agreements
                  11.3.3 Mergers and Acquisitions

    12 Company Profiles
         12.1 Honeywell International, Inc.
         12.2 Legrand
         12.3 Ingersoll-Rand PLC
         12.4 Johnson Controls Inc.
         12.5 Schneider Electric SE
         12.6 Siemens AG
         12.7 ABB Ltd.
         12.8 Acuity Brands, Inc.
         12.9 United Technologies Corporation
         12.10 Samsung Electronics Co., Ltd.
         12.11 Nest Labs Inc.
         12.12 Crestron Electronics, Inc.

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    The market is expected to grow at a CAGR of 11.3% during the study period (2022-2027)
    The global home automation system market is expected to reach US$ 135 Billion by 2027
    The segment included in home automation system market is Types, Connectivity Technologies, Control Systems & Applications, and region.
    Some key players operating in the home automation system market include AMX LLC, Crestron Electronics, Inc., Control4 Corporation, ABB Ltd., Honeywell International, and Schneider Electric SA
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