Global Smart Elevator Automation System Market
Market Size in USD Billion
CAGR :
% 
USD
28.20 Billion
USD
56.20 Billion
2025
2033
 Forecast Period |
2026 –2033 |
 Market Size (Base Year) |
USD 28.20 Billion |
 Market Size (Forecast Year) |
USD 56.20 Billion |
 CAGR |
% |
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Smart Elevator Automation System Market Size
- The global smart elevator automation system market size was valued at USD 28.20 billion in 2025 and is expected to reach USD 56.20 billion by 2033, at a CAGR of 9.00% during the forecast period
- The market growth is largely fuelled by the increasing demand for energy-efficient and intelligent building solutions, rapid urbanization, and the rising adoption of IoT-enabled and AI-driven elevator systems
- Growing focus on passenger safety, operational efficiency, and predictive maintenance is further boosting the adoption of smart elevator automation systems
Smart Elevator Automation System Market Analysis
- The market is witnessing a shift from conventional elevators to automated and connected systems that offer real-time monitoring, predictive maintenance, and enhanced passenger experience
- Technological advancements such as AI, machine learning, and IoT integration are driving innovation and supporting the deployment of smart elevator solution
- North America dominated the smart elevator automation system market with the largest revenue share of 37.85% in 2025, driven by rapid urbanization, high-rise construction projects, and increasing adoption of intelligent building solutions
- Asia-Pacific region is expected to witness the highest growth rate in the global smart elevator automation system market, driven by expanding urban infrastructure, government initiatives promoting smart cities, rising disposable incomes, and increased awareness of energy-efficient and intelligent building solutions
- The installation service segment held the largest market revenue share in 2025, driven by the rapid construction of high-rise buildings and growing demand for new smart elevator deployments. Installation services ensure proper setup, integration with building management systems, and compliance with safety standards, making them a critical choice for developers and building owner
Report Scope and Smart Elevator Automation System Market Segmentation
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Smart Elevator Automation System Key Market Insights |
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand. |
Smart Elevator Automation System Market Trends
Rising Adoption of Intelligent and IoT-Enabled Elevators
- The increasing focus on smart, connected buildings is significantly shaping the smart elevator automation system market, as developers and building owners prefer elevators with advanced safety, energy efficiency, and remote monitoring capabilities. Smart elevators are gaining traction due to their ability to optimize traffic flow, reduce downtime, and enhance passenger experience across residential, commercial, and industrial buildings
- Growing awareness of energy-efficient and predictive maintenance solutions has accelerated the adoption of smart elevator systems in high-rise buildings, commercial complexes, and hospitals. Building owners and facility managers are seeking elevators that minimize operational costs, reduce maintenance frequency, and extend equipment lifespan
- Automation and digitalization trends are influencing purchasing decisions, with developers emphasizing integration with building management systems (BMS), IoT connectivity, and AI-based predictive analytics. These features help differentiate properties in competitive real estate markets and attract tech-savvy tenants
- For instance, in 2024, Otis in the U.S. and KONE in Finland launched AI-powered elevator systems with predictive maintenance and cloud monitoring capabilities. These systems were deployed in commercial and residential skyscrapers, enhancing operational efficiency and user experience while supporting sustainability objectives
- While demand for smart elevator automation systems is growing, sustained market expansion depends on technological upgrades, cybersecurity measures, and cost-effective installation. Manufacturers are also focusing on improving interoperability, system scalability, and integration with existing building infrastructure
Smart Elevator Automation System Market Dynamics
Driver
Rising Demand for Smart and Energy-Efficient Elevators
- Increasing urbanization, rapid construction of high-rise buildings, and demand for energy-efficient infrastructure are major drivers for the smart elevator automation system market. Facility managers and developers are adopting automated solutions to enhance safety, optimize performance, and reduce energy consumption
- Expansion in commercial, residential, and healthcare sectors is boosting market growth. Smart elevators provide features such as real-time monitoring, predictive maintenance, and optimized traffic management, improving operational efficiency and passenger experience
- Manufacturers are actively promoting intelligent elevator solutions through innovations, marketing campaigns, and integration with IoT and AI platforms. These efforts are supported by growing awareness of sustainable building practices and the need for intelligent vertical transportation solutions
- For instance, in 2023, Schindler in Switzerland and Thyssenkrupp in Germany reported higher adoption of smart elevators in commercial and mixed-use buildings, driven by increased demand for predictive maintenance, remote monitoring, and energy-efficient operations
- Although rising urbanization and smart building trends support growth, wider adoption depends on high initial costs, technological complexity, and the need for skilled maintenance personnel. Investment in IoT integration, AI-driven predictive analytics, and cost-efficient solutions will be critical to meet global demand
Restraint/Challenge
High Installation Cost and Technological Complexity
- The relatively high installation and maintenance costs of smart elevator automation systems compared to conventional elevators remain a key challenge, limiting adoption among small and medium-sized building projects. Advanced components, sensors, and software solutions contribute to elevated pricing
- Facility managers and developers in developing regions have limited awareness of long-term operational benefits, slowing adoption. Lack of knowledge about predictive maintenance, energy savings, and traffic optimization can restrict demand
- Integration and cybersecurity challenges also impact market growth, as smart elevators require compatibility with existing building systems and protection against cyber threats. Logistical complexities and software management requirements can increase operational burdens
- For instance, in 2024, property developers in India and Southeast Asia reported slower uptake of smart elevators in mid-rise buildings due to high costs, limited technical support, and integration challenges with legacy infrastructure
- Overcoming these challenges will require cost-effective solutions, simplified installation, and robust support services. Collaboration with building developers, technology providers, and system integrators will be essential to unlock the long-term growth potential of the global smart elevator automation system market
Smart Elevator Automation System Market Scope
The market is segmented on the basis of service, component, and end-user
- By Service
On the basis of service, the smart elevator automation system market is segmented into installation service, repair & maintenance service, and modernization service. The installation service segment held the largest market revenue share in 2025, driven by the rapid construction of high-rise buildings and growing demand for new smart elevator deployments. Installation services ensure proper setup, integration with building management systems, and compliance with safety standards, making them a critical choice for developers and building owners.
The repair & maintenance service segment is expected to witness the fastest growth rate from 2026 to 2033, driven by the rising need for predictive maintenance, real-time monitoring, and reduced downtime. These services help extend equipment lifespan, optimize operational efficiency, and enhance passenger safety, making them increasingly popular among commercial and residential building operators.
- By Component
On the basis of component, the market is segmented into card reader, biometric, touch screen and keypad, security and control system, sensors, motors and automation system, and building management system. The security and control system segment held the largest market revenue share in 2025, attributed to its role in managing elevator operations, safety protocols, and energy efficiency across connected systems.
The sensors, motors, and automation system segment is expected to witness the fastest growth rate from 2026 to 2033, driven by increasing adoption of IoT-enabled elevators, AI-powered traffic management, and energy-efficient drive systems. These components enhance performance, reliability, and integration with smart building technologies.
- By End-User
On the basis of end-user, the market is segmented into residential sector, commercial sector, hotel, and other. The commercial sector held the largest market revenue share in 2025, fueled by rapid urbanization, growing office complexes, and high-rise commercial developments that demand efficient vertical transportation solutions.
The residential sector is expected to witness the fastest growth rate from 2026 to 2033, driven by the increasing adoption of smart home concepts, luxury apartments, and multi-residential buildings integrating advanced elevator automation systems for improved convenience, safety, and operational efficiency.
Smart Elevator Automation System Market Regional Analysis
- North America dominated the smart elevator automation system market with the largest revenue share of 37.85% in 2025, driven by rapid urbanization, high-rise construction projects, and increasing adoption of intelligent building solutions
- Facility managers and building owners in the region highly value energy-efficient systems, predictive maintenance, and real-time monitoring capabilities offered by smart elevator automation solutions
- This widespread adoption is further supported by advanced infrastructure, strong regulatory compliance standards, and growing demand for automated vertical transportation in residential, commercial, and industrial buildings
U.S. Smart Elevator Automation System Market Insight
The U.S. smart elevator automation system market captured the largest revenue share in 2025 within North America, fueled by the increasing adoption of IoT-enabled and AI-driven elevator systems. Developers and building operators are prioritizing operational efficiency, safety, and predictive maintenance. Rising investments in smart buildings, integration with building management systems, and the trend toward automated vertical mobility solutions are further driving market growth.
Europe Smart Elevator Automation System Market Insight
The Europe smart elevator automation system market is expected to witness the fastest growth rate from 2026 to 2033, primarily driven by stringent building safety regulations and the growing demand for energy-efficient infrastructure. Urbanization and modernization of commercial and residential complexes are fostering adoption. European building owners are increasingly incorporating smart elevators in both new constructions and renovation projects to improve performance and passenger experience.
U.K. Smart Elevator Automation System Market Insight
The U.K. smart elevator automation system market is expected to witness the fastest growth rate from 2026 to 2033, driven by the rising focus on building automation, energy efficiency, and passenger safety. Increasing construction of high-rise residential and commercial buildings, coupled with adoption of IoT-enabled solutions, is encouraging developers and facility managers to invest in advanced elevator automation systems.
Germany Smart Elevator Automation System Market Insight
The Germany smart elevator automation system market is expected to witness the fastest growth rate from 2026 to 2033, fueled by the country’s focus on innovation, sustainability, and energy-efficient building solutions. Adoption is driven by awareness of smart building technologies, advanced infrastructure, and integration with building management systems. German building owners and developers prefer reliable, secure, and eco-conscious elevator automation solutions.
Asia-Pacific Smart Elevator Automation System Market Insight
The Asia-Pacific smart elevator automation system market is expected to witness the fastest growth rate from 2026 to 2033, driven by rapid urbanization, rising disposable incomes, and the construction of high-rise residential and commercial buildings in countries such as China, Japan, and India. Government initiatives promoting smart cities and digital infrastructure are boosting adoption, while local manufacturing of components is improving affordability and accessibility.
Japan Smart Elevator Automation System Market Insight
The Japan smart elevator automation system market is expected to witness the fastest growth rate from 2026 to 2033 due to the country’s advanced technological adoption, high-rise urban developments, and focus on safety and efficiency. The increasing integration of elevators with IoT systems and building management platforms is fueling growth. In addition, the aging population is driving demand for accessible and easy-to-use automated vertical transportation solutions in both residential and commercial sectors.
China Smart Elevator Automation System Market Insight
The China smart elevator automation system market accounted for the largest market revenue share in Asia-Pacific in 2025, attributed to rapid urbanization, expanding middle-class housing, and large-scale commercial developments. China is a major market for high-rise buildings and smart infrastructure, and the increasing adoption of energy-efficient, IoT-enabled, and AI-driven elevator automation systems is further driving market growth. Government initiatives supporting smart cities and local manufacturing of advanced components are key factors propelling the market.
Smart Elevator Automation System Market Share
The Smart Elevator Automation System industry is primarily led by well-established companies, including:
Thyssenkrupp AG (Germany)
• Otis Worldwide (U.S.)
• KONE Elevator India Private Limited (Finland)
• Schindler (Switzerland)
• Hitachi Ltd. (Japan)
• Hyundai Elevator Co., Ltd. (South Korea)
• Toshiba India Pvt. Ltd. (Japan)
• Mitsubishi Electric Corporation (Japan)
• FUJITEC Co., Ltd. (Japan)
• Motion Control Engineering Inc. (U.S.)
• Thames Valley Controls (U.K.)
• EITO & GLOBAL INC. (Japan)
• ESCON Elevators Pvt Ltd. (India)
• EITA Elevator (M) Sdn. Bhd (Malaysia)
• Express Lifts Ltd. (India)
• Electra Elevators (India)
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Global Smart Elevator Automation System Market, Supply Chain Analysis and Ecosystem Framework
To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Global Smart Elevator Automation System Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Global Smart Elevator Automation System Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
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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