Home Automation Market 2019 Top Countries Market Analysis and Opportunity Assessment 2025 Research Report
Adroit Market Research published
a study titled, “Global Home Automation Market Size
2017 by Type [Custom automation (luxury) systems, Mainstream automation
systems, DIY (Do-It-Yourself) automation systems and Managed home automation
services], by Application (Lighting, Safety and security, HVAC, Entertainment,
Energy management and Others), by Technology (Wired systems, Power-line
systems, Computing networks and Wireless systems), by Region (North America,
Europe, Asia Pacific, Central & South America and Middle-East & Africa)
and Forecast 2018 to 2025”.
The study covers the global home
automation market revenue for a period ranging from 2015 to 2025, in which,
2015 to 2017 indicate the actual annual revenue and the forecast revenue is
from 2018 to 2025. The global home automation market report also includes
qualitative insights such as the value chain analysis, drivers, restraints,
PESTLE analysis, regulatory framework, and Porter’s five forces analysis. The
global home automation market 2018 gives a complete view encompassing
consumption, import and export for key regions and countries.
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The global home automation market
size is anticipated to reach USD 46.22 billion by 2025 owing to the growing
popularity of Internet of Things (IoT) and rapid adoption of smartphones and
other gadgets. Upcoming wireless technologies such as 5G, Bluetooth, ZigBee,
Z-Wave and other proprietary protocols will have a significant impact on the
overall growth of home automation market in coming years.
With growing awareness of new
home automation technologies and rising preference to luxurious lifestyle in
developing economies have fuelled the growth of global home automation market.
Furthermore, growing concerns of efficient energy usage and increasing
awareness of safety & security among the consumers will collectively drive
the home automation market across the globe. However, high initial costs and
lack of high speed internet connectivity are few challenges that could hamper
the growth of home automation market.
The home automation market is
vastly being disrupted by the inception of voice assistants. This trend of
integrating of voice assistants with the home appliances is on a rise as, it is
much simpler to give voice commands rather than carrying a smartphone every
time. One of the major challenges that could be faced in the future is the
interoperability of different devices and applications. Given the relevance of
voice assistants, the partnership between the stakeholders will be more
important. Also, home automation market will also have a significant impact in
the insurance industry. Insurance companies have started partnering with home
automation manufacturers by leveraging different devices as a part of an
insurance product. For instance, Roost, which is a home automation vendor has
partnered with numerous insurance companies such as Aviva, Liberty Mutual,
Bankers Insurance Group, Desjardins and others.
In 2017, North America had the
highest market share in the global home automation market, followed by Europe,
Asia-Pacific, central & South America and Middle-East & Africa. This is
mostly due to high awareness among the consumers and technological advancements
in the US and Canada. Almost all the major players in the world originate from
the North American and European region, but Asia-Pacific countries are catching
up with speed in terms of investments in home automation.
The home automation market is
highly fragmented with both local and global players. Also, due to lack of
standardization, many players are competing in the market with their own
proprietary technologies. Some of the prominent players in the global home
automation include Siemens AG, Crestron Electronics Inc., Control4 Corporation,
Zigbee alliance, ABB, Nest Labs, Google Inc., Apple Inc., AT & T, Vantage
Controls (Legrand) and others.
Key segments of the global home automation market
Type Overview, 2015-2025 (USD million)
·
Custom automation (luxury) systems
·
Mainstream automation systems
·
DIY (Do-It-Yourself) automation systems
·
Managed home automation services
Application Overview, 2015-2025 (USD million)
·
Lighting
·
Safety and security
·
HVAC
·
Entertainment
·
Energy management
·
Others
Regional Overview, 2015-2025 (USD million)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle-East & Africa
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About Us:
Adroit Market Research is an
India-based business analytics and consulting company incorporated in 2018. Our
target audience is a wide range of corporations, manufacturing companies,
product/technology development institutions and industry associations that
require understanding of a market’s size, key trends, participants and future
outlook of an industry. We intend to become our clients’ knowledge partner and
provide them with valuable market insights to help create opportunities that
increase their revenues. We follow a code– Explore, Learn and Transform. At our
core, we are curious people who love to identify and understand industry
patterns, create an insightful study around our findings and churn out
money-making roadmaps.
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Account Manager Global
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Dallas,
TX 75204, U.S.A.
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