Global Home Automation Market Size, Share, Development, Growth and Demand Forecast to 2024

  • Publishing: May 2021
  • Report Code: IM11899
  • Available Format: PDF

The home automation market is growing at a significant rate, due to increasing demand for energy efficient and green product solutions; introduction of managed home automation services; price competitiveness because of large number of players; and innovation in communication, sensor, analytic, and touch screen technologies. The strong initiatives from government to promote green building and green cities are driving the growth of the home automation market. Power-line communication technology is creating its importance in power systems and home automation, which is providing ample growth opportunities for the home automation market at a considerable rate in the coming years.

With the help of home automation, the various electrical and electronic systems can be structured through the support of automation and computerized controls. Desktop PC is used as a server in the home automation control.  Bluetooth or wireless fidelity (Wi-Fi) enabled devices, such as mobile phones and laptops are used to control the application based systems in the home automation system. The home automation systems are convenient to install and use and they also meet the interoperability requirements for various applications. However, challenges such as lack of skilled labor and unethical technological breaches are restraining the growth of the home automation market.

Some of the standards and protocols followed in the home automation market are digital addressable lighting interface, building automation and control network, digital multiplexer (DMX), power line communication (PLC), Ethernet, National Electrical Manufacturers Association, Blackbox, Modbus, KNX Association, and LonWorks. Some of the wireless communication technologies used in the home automation market are Bluetooth, wireless fidelity (Wi-Fi), ZigBee, Enocean, and Z-Wave. Network technologies used in the market are code division multiple access (CDMA) networks, global system for mobile/high speed packet access (GSM/HSPA) networks, and long term evolution (LTE) networks.

On the basis of type, the home automation market can be categorized as mainstream home automation systems, managed home automation services, luxury home automation systems, and do–it-yourself (DIY) home automation systems. The home automation market can also be categorized on the basis of networking technology as computing network home automation systems, wired home automation systems, wireless home automation systems, and power-line home automation systems.

On the basis of applications, the home automation market can be categorized as security and access control, smart meters, lighting control, smart hubs, smoke detectors, entertainment control, smart plugs, heating, ventilation and air conditioning (HVAC) control, and smart locks. Security and access control includes access control systems, monitors, accessories, touch screen and keypads, security cameras, motion sensors, storage, door contacts, and video or software analytics. Lighting control includes dimming actuators, occupancy sensors, transmitters, daylight sensors, relays, shutter actuators, timers, receivers and switch actuators. HVAC control includes control valves, smart thermostats, smart vents, dampers, sensors, pumps and fans, actuators, and heating and cooling coils; while  entertainment control includes multimedia room controls, touch screens and keypads, audio and volume control, and home theatre system control.

Some of the factors driving the growth of the home automation market are increasing application areas, growing smartphone applications, up surging needs of the consumer for convenience, and connectivity safety. Some of the factors restraining the growth of the home automation market are low consumer awareness, dependency on real estate industry cycle, perceived security and health risks, and high initial investment and implementation cost.

Some of the competitors in the home automation market are Crestron Electronics Inc., Schneider Electric SA, Ingersoll-Rand PLC, United Technologies Corporation, Cytech Technology Pte. Ltd, Siemens AG, Johnson Controls Inc., ABB Ltd., Honeywell International Inc., and Legrand S.A.


Report Coverage

  • Provides comprehensive understanding of the market with the help of informed market outlook, opportunities, challenges, trends, size and growth, competitive analysis, major competitors and Porter analysis
  • Identifies the key drivers of growth and challenges of the key industry players. Also, assesses the future impact of the propellants and restraints on the market
  • Uncovers potential demands in the market
  • Porter analysis identifies competitive forces within the market
  • Provides information on the historical and current market size and the future potential of the market
  • Provides sizes of key regional markets using yardsticks of segments
  • Highlights the competitive scenario of the market and major competitors
  • Provides profiles of major competitors of the market including details of their operations, product and services, recent developments and key financial metrics. Profiles provide better understanding of competition as well as the demands of the market.
Place An Order
USD 4900 USD 6400 USD 8400
Customized Report Solution

Get a bespoke market intelligence solution

We are committed to ensuring the highest level of client satisfaction
Quality Acknowledgement
Quality Acknowledgement

Our dedication to providing the most-accurate market information has earned us verification by Dun & Bradstreet (D&B). We strive for quality checking of the highest level to enable data-driven decision making for you

Unmatched Standards
Unmatched Standards

Our insights into the minutest levels of the markets, including the latest trends and competitive landscape, give you all the answers you need to take your business to new heights

Reach Us
Reach Us Whenever You Need Us

With 24/7 research support, we ensure that the wheels of your business never stop turning. Don’t let time stand in your way. Get all your queries answered with a simple phone call or email, as and when required

Data Security
Complete Data Security

We take a cautious approach to protecting your personal and confidential information. Trust is the strongest bond that connects us and our clients, and trust we build by complying with all international and domestic data protection and privacy laws