Global Home Automation Market Size 2021 Industry Overview, Shares, Growing Demand, Explosive Factors of Revenue, Types, Applications and 2025
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.
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With smart technology being installed in your house, you can monitor anything and everything just with the help of your phone. How many times has it happened that you forgot to turn off the oven or air conditioner or lights while leaving home for office? Smart home technology helps you to check everything just through the appropriate mobile application. With smart home technology in your house you do not need to double or triple check everything before leaving home and waste your time. All this can be done automatically or manually by you through mobile application while you are in cab. You can also switch on the oven while you are in a cab and heading home. This way when you will reach home hungry and tired, your food will already be cooked that too without wasting any extra time or energy.
Innovative Home Automation is the future
While some technologies have already arrived some are in the process of making. With the help of techniques like Artificial Intelligence, Internet of Things, Machine Learning days where everything can be automatically operated are not very far away. Who does not want a comfortable life that ensures security of loved ones, savings and everything without tension!
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.
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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
What does the report include?
- The study on the global home automation market includes qualitative factors such as drivers, restraints, and opportunities
- Additionally, the market has been evaluated using the Porters 5 Forces and Value Chain Analysis.
- The study covers the qualitative and quantitative analysis of the market segmented on the basis of type, application, technology, and region. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
- The study includes the profiles of key players in the market with a significant global and/or regional presence.
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