As per this study the Global Home Automation Market was valued USD 83.52 BN (by revenue) in 2022 and is anticipated to reach USD 233.29 BN by 2030 with a CAGR of 13.7%.
Home automation refers to a technological solution that involves automatic controlling of lights, HVAC system, entertainment, alarm system, security alert and other appliances within home. Home automation is alternatively known as domotics or smart home. Basically, it is a combination of hardware and software technologies that manages the appliances and other devices.
Market Dynamics
Rising adoption of IoT and automation is the majorly driving the market growth. Rise in disposable income, busier lifestyle leading to increasing demand for automation is again fueling the market growth. In addition to this, increasing use of smart phone based application, rise in digital savvy consumer and rapid Internet connectivity are some of the factors contributing the market growth. In spite of this, high initial installment cost is likely to hinder the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of home automation.
Market Segmentation
The broad home automation market has been sub-grouped into product, application and networking type. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Component
By Network Technology
Regional Analysis
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for home automation in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Home Automation Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the Home Automation market include ABB Ltd. (Zürich, Switzerland), Johnson Controls International plc (Cork, Ireland), Inquire Before Buying, Crestron Electronics (New Jersey, U.S.), Siemens AG (Munich, Germany), Control4 Corporation (Utah, U.S.), Schneider Electronics (Rueil-Malmaison, France), Koninklijke Philips NV (Amsterdam, Netherlands), Legrand SA (Limoges, France), Honeywell International Inc. (North Carolina, U.S.), Savant Systems LLC (Massachusetts, U.S.). An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . HOME AUTOMATION – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Component
3.7.2 Market Attractiveness Analysis By Network Technology
3.7.3 Market Attractiveness Analysis By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . GLOBAL HOME AUTOMATION MARKET ANALYSIS BY COMPONENT
5.1 Overview by Component
5.2 Historical and Forecast Data
5.3 Analysis by Component
5.4 Product (Security and Safety, HAVC, Wellness Monitoring, Smart Appliances, Smart Entertainment, Smart Lighting, Others (Energy Management Etc)) Historic and Forecast Sales by Regions
5.5 Services (Consulting, Installation or implementation, Support and Maintenance) Historic and Forecast Sales by Regions
6 . GLOBAL HOME AUTOMATION MARKET ANALYSIS BY NETWORK TECHNOLOGY
6.1 Overview by Network Technology
6.2 Historical and Forecast Data
6.3 Analysis by Network Technology
6.4 Wired Historic and Forecast Sales by Regions
6.5 Wireless Historic and Forecast Sales by Regions
6.6 Power Line-Based Historic and Forecast Sales by Regions
