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Global Home Automation Market – Industry Trends and Forecast to 2030

  • Semiconductors and Electronics
  • Upcoming Report
  • Jul 2023
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Home Automation Market, By Algorithm (Behavioural, Proactive), Deployment (Cloud-Based, On-Premises), Technology (Network Technology, Wireless Technology), Type (Luxury, DIY, Managed, Mainstream), Application (Lighting Control, Security and Access Control, HVAC Control, Entertainment Control, Others), Protocols (Network Technologies, Protocols and Standards, Wireless Communication Technologies), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) - Industry Trends and Forecast to 2030.

Home Automation Market

Automation System Market Analysis and Size

Home automation, or a smart home system, involves incorporating intelligent technology into homes for safety, comfort, and energy conservation. It involves lighting, heating, ventilation, and air conditioning (HVAC) and security systems monitoring and computerization.

Increasing use of home automation systems among the elderly population, growing homeownership among millennials across the globe, the prevalence of advanced services offered by telecommunication companies, and lower insurance costs for homeowners investing in home security systems are some of the major as well as vital factors which will likely to augment the growth of the home automation system market in the projected timeframe of 2021-2028. On the other hand, rapid urbanization along with increasing adoption of internet of things technology will further contribute by generating massive opportunities that will lead to the growth of the home automation system market in the above mentioned projected timeframe.

Global Automation System Market was valued at USD 39.71 billion in 2022 and is expected to reach USD 95.10 billion by 2030, registering a CAGR of 10.8% during the forecast period of 2023-2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behavior.

Automation System Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021(Customizable to 2015-2020)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Algorithm (Behavioural, Proactive), Deployment (Cloud-Based, On-Premises), Technology (Network Technology, Wireless Technology), Type (Luxury, DIY, Managed, Mainstream), Application (Lighting Control, Security and Access Control, HVAC Control, Entertainment Control, Others), Protocols (Network Technologies, Protocols and Standards, Wireless Communication Technologies)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Market Players Covered

Resideo Technologies Inc. (US), Legrand (France), Schneider Electric (France), Johnson Controls (Ireland), Siemens (US), Ingersoll-Rand plc (Ireland), ABB (Switzerland), Leviton Manufacturing Co., Inc. (US), Wirepath Home Systems, LLC (US), Control4 Corporation (Canada), Crestron Electronics, Inc. (US), ACUITY BRANDS LIGHTING, INC. (US), Lutron Electronics Co., Inc (US), Remote Technologies Inc. (US), Elan Nortek Security & Control LLC (US), ADT (US), HARMAN (US), Develco Products (Denmark), Savant Systems, Inc (US), SmartThings, Inc. (US), Nest Labs (US).

Market Opportunities

  • Growing demand for self-service solutions
  • Advancements in technology
  • Expansion of digital signage

Market Definition

Home automation, or a smart home system, involves the incorporation of intelligent technology into homes for safety, comfort, and energy conservation. It involves lighting, heating, ventilation, and air conditioning (HVAC) and security systems monitoring and computerization. The process of incorporating intelligent technology into houses for comfort, energy savings, and safety is referred to as home automation, also known as a smart home system. Lighting, ventilation, heating, security systems, and air conditioning are all controlled and computerized using technology (HVAC).

Global Automation System Market Dynamics

Drivers

  • Rise in homeownership among millennials globally

Telecommunication firms have entered the home security sector after acquiring a significant domestic customer base through existing internet and cable subscriptions will further accelerate the growth of the market.

  • Technological Advancements and Innovation

Technological advancements and innovation play a significant role in driving the Global Home Automation Market. The continuous improvement in tablet technology, such as faster processors, better touchscreens, and advanced software capabilities, allows for more sophisticated and feature-rich tablet kiosks. Additionally, innovations in payment systems, connectivity options, and software applications open up new opportunities for interactive self-service solutions.

Opportunities

The increasing preference for self-service options among consumers in various sectors, such as retail, healthcare, hospitality, and transportation, creates opportunities for tablet kiosk providers to offer efficient and convenient solutions. In addition, the rapid urbanization in advancing countries is further estimated to provide potential opportunities for the growth of the Automation System Market in the coming years.

Restraints/Challenges

The rise in the costs regarding the purchase and deployment of home automation systems is further projected to impede the growth of the Automation System Market in the targeted period. However, the increase in security concerns with home automation devices and compatibility concerns with the integration of home automation systems from different manufacturers might further challenge the growth of the Automation System Market in the near future.

This Global Automation System Market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the tablet Automation System Market contact Data Bridge Market Research for an Analyst Brief. Our team will help you make an informed market decision to achieve market growth.

Recent Development

  • In October 2020, The Honeywell Home ProSeries Security and Smart Home Platform is now available from Resideo (US). The ProSeries Platform extends Resideo's comprehensive portfolio of connected security systems and services by offering dealers a complete, end-to-end solution that ranges from an entry-level security system to a fully integrated smart home solution.
  • In November 2022, Schneider Electric introduced Schneider Electric Flip, a digital flip chart display that serves as an interactive kiosk solution. Samsung Flip offers a large touch screen display with a versatile whiteboard-like interface, allowing users to write, draw, and collaborate in real-time. This development expands Schneider Electric presence in the Automation System Market by providing an innovative and engaging solution for various industries, such as education, corporate, and retail.

Global Automation System Market Scope

The automation system market is segmented on the basis of product type, technology, and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Algorithm

  • Behavioural
  • Proactive

Deployment

  • Cloud-Based
  • On-Premises

Technology                                                              

  • Network Technology
  • Wireless Technology

Type

  • Luxury
  • Do It Yourself
  • Managed
  • Mainstream

Protocols

  • Network Technologies
  • Protocols and Standards
  • Wireless Communication Technologies

Application                                                               

  • Lighting
  • Safety and Security
  • HVAC
  • Entertainment
  • Others

Global Automation System Market Regional Analysis/Insights

The global automation system market is analysed, and market size and volume information is provided by algorithm, deployment, technology, type, protocols and application industry as referenced above.

The countries covered in the global automation system market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC)  in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

Asia-Pacific is expected to dominate the automation system market due to the increase in technological developments. Furthermore, the improved internet connectivity will further boost the growth of the Automation System Market in the region during the forecast period.

Europe is projected to observe a significant amount of growth in the forecast period of 2022 to 2029 due to the occurrence of some leading manufacturers in the automotive sector. Moreover, the rise in investments in infrastructure to improve the standard of living is further anticipated to propel the growth of the Automation System Market in the region in the coming years.

The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. In addition, the presence and availability of Europe brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Global Automation System Market Share Analysis

The global automation system market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Europe presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to Global Home Automation Market.

Some of the major players operating in the global automation system market are:

  • Resideo Technologies Inc. (US)
  • Legrand. (France)
  • Schneider Electric (France)
  • Johnson Controls. (Ireland)
  • Siemens (US)
  • Ingersoll-Rand plc (Ireland)
  • ABB (Switzerland)
  • Leviton Manufacturing Co., Inc. (US)
  • Wirepath Home Systems, LLC (US)
  • Control4 Corporation (Canada)
  • Crestron Electronics, Inc. (US)
  • ACUITY BRANDS LIGHTING, INC. (US)
  • Lutron Electronics Co., Inc (US)
  • Remote Technologies Inc. (US)
  • Elan Nortek Security & Control LLC (US)
  • ADT. (US)
  • HARMAN (US)
  • Develco Products (Denmark)
  • Savant Systems, Inc (US)
  • SmartThings, Inc. (US)
  • Nest Labs (US)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The Home Automation Market will be worth USD 95.10 billion by 2030.
The Home Automation Market Growth Rate is 10.8% during the forecast period.
Technological Advancements and Innovation and Rise in home ownership among millennials globally are the Growth Drivers of the Home Automation Market.
The product type, technology, and application are the factors on which the Home Automation Market research is based.
The Schneider Electric introduced Schneider Electric Flip, a digital flip chart display that serves as an interactive kiosk solution. Samsung Flip offers a large touch screen display with a versatile whiteboard-like interface, allowing users to write, draw, and collaborate in real-time and the Honeywell Home ProSeries Security and Smart Home Platform is now available from Resideo (US). are the latest developments in the Home Automation Market.
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