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.

13-Nov-2019 | Number of pages: 190 | Report Code: ZMR-5040 | Report Format : | Status : Published

Abstract

Global demand for home automation market 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.

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.

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.

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 Controls, Inc., Siemens AG and Zigbee Alliance among others.

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

Related Reports

Volumetric Display Market by Type (Swept Volume, Static Volume, and Multiplanar), by Applications (Medical, Media and Communications, Military, and Others), by Technology (Digital Light Processing Technology (DLP), Liquid Crystal on Silicon Technology (LCOS)), by End-User (Commercial, Health, Residential, Defense, and Others), and by Region.

Feb-2020 | Price : $ 4199.00 | Pages: 150 | Report Code: ZMR-5321 | Report Format:

This report analyzes and estimates the volumetric display market at global, regional, and country level. Assessment of the global industrial display analysis provides detailed insights of the market growth and restraining factors along with their impact analysis at global level from 2020 to 2026. ...Read More

Industrial Display Market, by Type (Rugged Displays, Open Frame Monitors, Panel-Mount Monitors, Marine Displays, and Video Walls), by Technology (LCD, LED, OLED,E-Paper Display), by size (Up to 14", 14–21", 21 –40", 40" and above), by End-User ( Manufacturing, Mining, Energy and Power, Oil and Gas, and Chemical), and by Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2026

Feb-2020 | Price : $ 4199.00 | Pages: 172 | Report Code: ZMR-5320 | Report Format:

This report analyzes and estimates the Industrial display market at global, regional, and country level. Assessment of the global industrial display analysis provides detailed insights of the market growth and restraining factors along with their impact analysis at global level from 2020 to 2026. ...Read More

Data Annotation Tools Market – By Annotation Approach (Automated Annotation and Manual Annotation), By Data Type (Text, Audio, and Image/Video), By Application (Healthcare, Automotive, IT & Telecom, BFSI, Agriculture, and Retail), and By Region: Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025

Feb-2020 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-5301 | Report Format:

This report analyzes and estimates the data annotation tools market at global, regional, and country level. The research study provides historic data from 2015 to 2019 along with a forecast from 2020 to 2025 based on revenue (USD Billion). The report offers detailed insights of the data annotation...Read More

4K Television Market by display technology (LCD, OLED), By Application (Residential, commercial, industrial), and by Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

Feb-2020 | Price : $ 4199.00 | Pages: 150 | Report Code: ZMR-5298 | Report Format:

This report analyzes and estimates the 4K television market analysis at global, regional, and country level. Assessment of the 4K television market analysis provides detailed insights of the market growth and restraining factors along with their impact analysis at global level from 2020 to 2026. ...Read More

Storage Water Heater Market – By Energy Source (Electric and Gas), By Capacity (>400 Liters, 250-400 Liters, 100-250 Liters, 30-100 Liters, and <30 Liters), By Application (Commercial and Residential), and By Region: Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2025

Feb-2020 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-5284 | Report Format:

This report analyzes and estimates the storage water heater market at global, regional, and country level. The research study provides historic data from 2015 to 2019 along with the forecast from 2020 to 2025 based on revenue (USD Billion). The report offers detailed insights of the storage water ...Read More

Request Brochure
Why Choose Us ?

24/5 Research support

Resolved your research queries from industry expert. Request for a research sample before report purchase.

Custom research service

Ask the Analyst to customize an exclusive study to serve your research needs.

Quality & Accuracy

Zion Market Research reports offers best quality reports based on various authentic and accurate data findings.

Customer Satisfaction

We ensure that our client's all research needs are met with customized, in-depth analysis solutions.

Information security

We never share your personal and confidential information. Your personal information is safe and secure with us.