Home Automation Market Size, Share, Growth Report 2032

Home Automation Market

Home Automation Market: by Application (Entertainment, Safety & Security, Lighting, HVAC and Others) by Technology (Wired and Wireless) by Type (Managed, Do it Yourself (DIY), Mainstream and Luxury) -Global Industry Perspective, Comprehensive Analysis and Forecast, 2018 – 2025.

Category: Semiconductor & Electronics Report Format : PDF Pages: 190 Report Code: ZMR-5040 Published Date: Nov-2019 Status : Published
Market Size in 2018 Market Forecast in 2025 CAGR (in %) Base Year
USD 47.59 Billion USD 101.96 Billion 11.50% 2018

Global demand for home automation market size was valued at around USD 47.59 Billion in 2018, and is expected to reach approximately USD 101.96 Billion in 2025, at a CAGR slightly above 11.50% between 2018 and 2025.

Global Home Automation MarketRequest Free Sample

Home automation is system with network of hardware electronic interfaces communication, which combines hardware and software which gives the user control over the devices and appliances inside the house premises. It is a building automation which is also referred to as smart house or smart home. The devices are connected with each other through internet and can be managed via smartphone or tablet even from miles away.

Home automation market is likely to grow at a significant rate in the expected time period. The demand is driven owing to the increasing adoption of Internet of Things in the developing countries. Rising disposable income and change in taste and preferences of the consumers are also anticipated to propel market growth. Shifting of customer focus from traditional houses to smart homes and change in luxurious and elegant lifestyle is also expected to support market growth. Moreover, rising awareness about efficient energy usage, sharp increase in electricity prices and technological advancement are anticipated to foster home automation market growth. Also, rising safety & security concern is projected to promote the adoption of home automation system, eventually increasing market growth. Surging adoption of automated services is expected to open opportunities for global home automation market.

Furthermore, the home automation market is also driven by IoT market growth, increasing adoption of home monitoring system, rising necessity of home monitoring from remote locations and rising customer awareness associated with the convenience of smart home devices which includes lighting and automated security systems along with stringent government regulations is anticipated to propel market growth in the long run. The acceptance of smart homes systems is rising, due to the development in construction industry along with rising demand for energy conservation in home and building automation. However, high initial cost in home automation and lack of awareness and standardization about home automation products and are anticipated to hinder home automation market growth.

Home Automation Market Segmentation

The home automation market is bifurcated into application, technology and type. The industry is segmented into entertainment, safety & security, lighting, HVAC and others. Safety & security will hold a significant share in the market during the anticipated period. This is subjected to the rising privacy issues, growing crime rates and other security concerns. All these factors are anticipated to stimulate market growth for home automation.

On the basis of region home automation market is segmented into North America, Europe, Asia Pacific, Latin America and Meddle East and Africa. North America is projected to hold significant share owing to the huge user base along with the presence of majority key player of the market. North America, Europe and Asia Pacific are considered to be the main income generating region for home automation market. The Asia pacific region will contribute in the development of the market owing to the rising income level of the consumers of end users along with the incentive taken by the government eventually promoting market.

Home Automation Market: Report Scope

Report Attributes Report Details
Report Name Home Automation Market Research Report
Market Size in 2018 USD 47.59 Billion
Market Forecast in 2025 USD 101.96 Billion
Growth Rate CAGR of 11.50%
Number of Pages 214
Key Companies Covered Crestron Electronics Inc., Legrand, Honeywell International Inc., Schneider Electric SE, Control4 Corporation, ABB Ltd., Johnson Controls Inc., Siemens AG and Zigbee Alliance among others.
Segments Covered By Application, By Technology, By Type, And By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2017
Historical Year 2014 to 2016
Forecast Year 2019 - 2025
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Home Automation Market Key Players

The major players operating in the home automation market are 

  • Crestron Electronics Inc.
  • Legrand
  • Honeywell International Inc.
  • Schneider Electric SE
  • Control4 Corporation
  • ABB Ltd.
  • Johnson ControlsInc.
  • Siemens AG 
  • Zigbee Alliance

The report segments home automation markets are as follows:

Home Automation market:  Application Segment Analysis

  • Entertainment

  • Safety & Security
  • Lighting
  • HVAC
  • Others

Home Automation market: Technology Segment Analysis

  • Wired
  • Wireless

Home Automation market: Type Segment Analysis

  • Managed
  • Do it Yourself (DIY)
  • Mainstream
  • Luxury

Home Automation market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

Methodology

FrequentlyAsked Questions

The global home automation market  accounted for USD 47.59 Billion in 2018 and is expected to reach USD 101.96 Billion by 2025.

The CAGR value of the home automation market is expected to be around 11.50% during 2019-2025.

North America is projected to hold significant share owing to the huge user base along with the presence of majority key player of the market.

Some key players of the global home automation market are Crestron Electronics Inc., Legrand, Honeywell International Inc., Schneider Electric SE, Control4 Corporation, ABB Ltd., Johnson Controls Inc., Siemens AG and Zigbee Alliance among others.

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