Home Automation Market

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,850	130 Pages	Fortune Business Insights Pvt. Ltd.	September, 2024	FOB19185493

Best Price Guarantee
Price	from $4,850
Length	130 Pages
Publisher	Fortune Business Insights Pvt. Ltd.
Published Date	September, 2024
SKU	FOB19185493

Home Automation Market

Growth Factors of Home Automation Market

The Home Automation market size was valued at USD 90.75 billion in 2023, and the market is now projected to grow from USD 101.79 billion in 2024 to USD 237.07 billion by 2032, exhibiting a CAGR of 11.1% during the forecast period of 2024-2032.

The effect was direct on a few districts of the domestic mechanization and controls market in the phase of COVID-19. Countries like U.S. and UK incidentally did shut down or temporarily halted the manufacturing offices which driven to the misfortune in income of the domestic mechanization and controls market taken after by misfortune within the income confronted by noticeable makes amid the COVID-19 lockdown. On the other hand, the market was basically hit by a few impediments in the midst of the COVID-19 widespread, such as delay or cancelation of ventures and need of talented workforce accessibility due to fractional or total lockdown, all inclusive.

The computerization industry for its adaptable and tall exactness administration is being profoundly received for lodging administration. Among these, the security framework could be a quickly creating division. The key domestic automation players are contributing essentially to create imaginative and progressed smart security frameworks catering to property security. Hence, different such inventive security applications are presently accessible. So also, the appropriation of smart doorbells with sound and video, AI-based biometric, and face acknowledgment capabilities is expanding.

Smart innovation is developing exponentially over businesses. Smart property innovation is essentially investigating and changing the domestic computerization framework. Prior, robotization was meant as controlling gadgets and apparatuses through web systems. In any case, with the presentation of smart innovation such as self-diagnosing gadgets, savvy security, entertainment with smart technologies, progressed self-health care, smart kitchen among others, mechanization is getting more intelligent.

Comprehensive Analysis Of Home Automation Market

On the premise of components, the advertise is bifurcated into items and administrations. The item is advance classified into safety and security, HVAC, wellness observing, keen apparatuses, keen excitement, smart lighting framework, and others. In addition, the services are categorized into counseling, establishment or execution, and back and upkeep. Based on organize innovation, the market further is categorized into wired, remote, and control line based. Remote arrange innovation to pick up most extreme revenue share beside quick development.

North America is anticipated to rise as a leading region amid the estimate period with and estimate value of USD 35.50 billion dominating the home automation market share. The region's slant towards progressed innovations such as artificial insights and the web of things in conjunction with higher expendable pay drive the request for smart advances. Different new companies such as Boca Raton, Sense, CUJO AI among others are developing within the region and are contributing to the advertise development.

Key players for home automation industry are deliberately contributing in the upgrading of consumer experience with their progressed and inventive robotization arrangements. From keen lighting to other functionalities, these players are advertising a wide scope of item portfolios to the clients. In arrange to pick up ability and extend client reach, key players are procuring little and neighborhood overwhelming arrangement suppliers. Essentially, extension in item advertising and geological nearness through organization and collaboration is set to boost the market share of these players. The major governing players are ascribed as Johnson Controls International plc (Cork, Ireland), Crestron Electronics (New Jersey, U.S.), Siemens AG (Munich, Germany), Control4 Corporation (Utah, U.S.), Schneider Electric (Rueil-Malmaison, France), Koninklijke Philips N.V (Amsterdam, Netherlands), Legrand SA (Limoges, France), Honeywell International Inc. (North Carolina, U.S.) and Savant Systems LLC (Massachusetts, U.S.).

In the March 2023, the company named as Johnson Controls presented the IQ4 NS Security and Smart Domestic Framework. This reasonable framework offers a maintained and high quality and reliability, such as the IQ Panel 4. Clients can get to the system's highlights effortlessly from their smart gadgets, sparing their valuable time and cash.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 11.1% from 2024 to 2032

Unit Value (USD billion)

Segmentation By Component

- Product

Security and Safety
HVAC
Wellness Monitoring
Smart Appliances
Smart Entertainment
Smart Lighting
Others (Energy Management, etc.)

- Services

Consulting
Installation or Implementation
Support and Maintenance

By Network Technology

- Wired

- Wireless

- Power Line-Based

By Region

- North America (By Component, By Network Technology, and By Country)

U.S. (By Network Technology)
Canada (By Network Technology)

- Europe (By Component, By Network Technology, and By Country)

U.K. (By Network Technology)
Germany (By Network Technology)
France (By Network Technology)
Spain (By Network Technology)
Rest of Europe

- Asia Pacific (By Component, By Network Technology, and By Country)

China (By Network Technology)
Japan (By Network Technology)
India (By Network Technology)
Southeast Asia (By Network Technology)
Rest of Asia Pacific

- Middle East & Africa (By Component, By Network Technology, and By Country)

GCC (By Network Technology)
South Africa (By Network Technology)
Rest of the Middle East & Africa

- Latin America (By Component, By Network Technology, and By Country)

Brazil (By Network Technology)
Mexico (By Network Technology)
Rest of Latin America

Please Note:

1. Introduction: 1.1. Definition, By Segment; 1.2. Research Methodology/Approach; 1.3. Data Sources
2. Executive Summary
3. Market Dynamics: 3.1. Macro and Micro Economic Indicators; 3.2. Drivers, Restraints, Opportunities and Trends
4. Competition Landscape: 4.1. Business Strategies Adopted by Key Players; 4.2. Consolidated SWOT Analysis of Key Players; 4.3. Global Home Automation Key Players Market Share/Ranking, 2023
5. Global Home Automation Market Size Estimates and Forecasts, By Segments, 2019-2032: 5.1. Key Findings; 5.2. By Component (USD); 5.2.1. Product; 5.2.1.1. Security and Safety; 5.2.1.2. HVAC; 5.2.1.3. Wellness Monitoring; 5.2.1.4. Smart Appliances; 5.2.1.5. Smart Entertainment; 5.2.1.6. Smart Lighting; 5.2.1.7. Others (Energy Management, etc.); 5.2.2. Services; 5.2.2.1. Consulting; 5.2.2.2. Installation or Implementation; 5.2.2.3. Support and Maintenance; 5.3. By Network Technology (USD); 5.3.1. Wired; 5.3.2. Wireless; 5.3.3. Power Line-Based; 5.4. By Region (USD); 5.4.1. North America; 5.4.2. Europe; 5.4.3. Asia Pacific; 5.4.4. Middle East & Africa; 5.4.5. Latin America
6. North America Home Automation Market Size Estimates and Forecasts, By Segments, 2019-2032: 6.1. Key Findings; 6.2. By Component (USD); 6.2.1. Product; 6.2.1.1. Security and Safety; 6.2.1.2. HVAC; 6.2.1.3. Wellness Monitoring; 6.2.1.4. Smart Appliances; 6.2.1.5. Smart Entertainment; 6.2.1.6. Smart Lighting; 6.2.1.7. Others (Energy Management, etc.); 6.2.2. Services; 6.2.2.1. Consulting; 6.2.2.2. Installation or Implementation; 6.2.2.3. Support and Maintenance; 6.3. By Network Technology (USD); 6.3.1. Wired; 6.3.2. Wireless; 6.3.3. Power Line-Based; 6.4. By Country (USD); 6.4.1. United States; 6.4.1.1. By Network Technology; 6.4.2. Canada; 6.4.2.1. By Network Technology
7. Europe Home Automation Market Size Estimates and Forecasts, By Segments, 2019-2032: 7.1. Key Findings; 7.2. By Component (USD); 7.2.1. Product; 7.2.1.1. Security and Safety; 7.2.1.2. HVAC; 7.2.1.3. Wellness Monitoring; 7.2.1.4. Smart Appliances; 7.2.1.5. Smart Entertainment; 7.2.1.6. Smart Lighting; 7.2.1.7. Others (Energy Management, etc.); 7.2.2. Services; 7.2.2.1. Consulting; 7.2.2.2. Installation or Implementation; 7.2.2.3. Support and Maintenance; 7.3. By Network Technology (USD); 7.3.1. Wired; 7.3.2. Wireless; 7.3.3. Power Line-Based; 7.4. By Country (USD); 7.4.1. United Kingdom; 7.4.1.1. By Network Technology; 7.4.2. Germany; 7.4.2.1. By Network Technology; 7.4.3. France; 7.4.3.1. By Network Technology; 7.4.4. Spain; 7.4.4.1. By Network Technology; 7.4.5. Rest of Europe
8. Asia Pacific Home Automation Market Size Estimates and Forecasts, By Segments, 2019-2032: 8.1. Key Findings; 8.2. By Component (USD); 8.2.1. Product; 8.2.1.1. Security and Safety; 8.2.1.2. HVAC; 8.2.1.3. Wellness Monitoring; 8.2.1.4. Smart Appliances; 8.2.1.5. Smart Entertainment; 8.2.1.6. Smart Lighting; 8.2.1.7. Others (Energy Management, etc.); 8.2.2. Services; 8.2.2.1. Consulting; 8.2.2.2. Installation or Implementation; 8.2.2.3. Support and Maintenance; 8.3. By Network Technology (USD); 8.3.1. Wired; 8.3.2. Wireless; 8.3.3. Power Line-Based; 8.4. By Country (USD); 8.4.1. China; 8.4.1.1. By Network Technology; 8.4.2. Japan; 8.4.2.1. By Network Technology; 8.4.3. India; 8.4.3.1. By Network Technology; 8.4.4. Southeast Asia; 8.4.4.1. By Network Technology; 8.4.5. Rest of Asia Pacific
9. Middle East & Africa Home Automation Market Size Estimates and Forecasts, By Segments, 2019-2032: 9.1. Key Findings; 9.2. By Component (USD); 9.2.1. Product; 9.2.1.1. Security and Safety; 9.2.1.2. HVAC; 9.2.1.3. Wellness Monitoring; 9.2.1.4. Smart Appliances; 9.2.1.5. Smart Entertainment; 9.2.1.6. Smart Lighting; 9.2.1.7. Others (Energy Management, etc.); 9.2.2. Services; 9.2.2.1. Consulting; 9.2.2.2. Installation or Implementation; 9.2.2.3. Support and Maintenance; 9.3. By Network Technology (USD); 9.3.1. Wired; 9.3.2. Wireless; 9.3.3. Power Line-Based; 9.4. By Country (USD); 9.4.1. GCC; 9.4.1.1. By Network Technology; 9.4.2. South Africa; 9.4.2.1. By Network Technology; 9.4.3. Rest of MEA
10. Latin America Home Automation Market Size Estimates and Forecasts, By Segments, 2019-2032: 10.1. Key Findings; 10.2. By Component (USD); 10.2.1. Product; 10.2.1.1. Security and Safety; 10.2.1.2. HVAC; 10.2.1.3. Wellness Monitoring; 10.2.1.4. Smart Appliances; 10.2.1.5. Smart Entertainment; 10.2.1.6. Smart Lighting; 10.2.1.7. Others (Energy Management, etc.); 10.2.2. Services; 10.2.2.1. Consulting; 10.2.2.2. Installation or Implementation; 10.2.2.3. Support and Maintenance; 10.3. By Network Technology (USD); 10.3.1. Wired; 10.3.2. Wireless; 10.3.3. Power Line-Based; 10.4. By Country (USD); 10.4.1. Brazil; 10.4.1.1. By Network Technology; 10.4.2. Mexico; 10.4.2.1. By Network Technology; 10.4.3. Rest of Latin America
11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases): 11.1. ABB Ltd.; 11.1.1. Overview; 11.1.1.1. Key Management; 11.1.1.2. Headquarters; 11.1.1.3. Offerings/Business Segments; 11.1.2. Key Details (Key details are consolidated data and not product/service specific); 11.1.2.1. Employee Size; 11.1.2.2. Past and Current Revenue; 11.1.2.3. Geographical Share; 11.1.2.4. Business Segment Share; 11.1.2.5. Recent Developments; 11.2. Johnson Controls International plc; 11.2.1. Overview; 11.2.1.1. Key Management; 11.2.1.2. Headquarters; 11.2.1.3. Offerings/Business Segments; 11.2.2. Key Details (Key details are consolidated data and not product/service specific); 11.2.2.1. Employee Size; 11.2.2.2. Past and Current Revenue; 11.2.2.3. Geographical Share; 11.2.2.4. Business Segment Share; 11.2.2.5. Recent Developments; 11.3. Crestron Electronics; 11.3.1. Overview; 11.3.1.1. Key Management; 11.3.1.2. Headquarters; 11.3.1.3. Offerings/Business Segments; 11.3.2. Key Details (Key details are consolidated data and not product/service specific); 11.3.2.1. Employee Size; 11.3.2.2. Past and Current Revenue; 11.3.2.3. Geographical Share; 11.3.2.4. Business Segment Share; 11.3.2.5. Recent Developments; 11.4. Siemens AG; 11.4.1. Overview; 11.4.1.1. Key Management; 11.4.1.2. Headquarters; 11.4.1.3. Offerings/Business Segments; 11.4.2. Key Details (Key details are consolidated data and not product/service specific); 11.4.2.1. Employee Size; 11.4.2.2. Past and Current Revenue; 11.4.2.3. Geographical Share; 11.4.2.4. Business Segment Share; 11.4.2.5. Recent Developments; 11.5. Control4 Corporation; 11.5.1. Overview; 11.5.1.1. Key Management; 11.5.1.2. Headquarters; 11.5.1.3. Offerings/Business Segments; 11.5.2. Key Details (Key details are consolidated data and not product/service specific); 11.5.2.1. Employee Size; 11.5.2.2. Past and Current Revenue; 11.5.2.3. Geographical Share; 11.5.2.4. Business Segment Share; 11.5.2.5. Recent Developments; 11.6. Schneider Electric; 11.6.1. Overview; 11.6.1.1. Key Management; 11.6.1.2. Headquarters; 11.6.1.3. Offerings/Business Segments; 11.6.2. Key Details (Key details are consolidated data and not product/service specific); 11.6.2.1. Employee Size; 11.6.2.2. Past and Current Revenue; 11.6.2.3. Geographical Share; 11.6.2.4. Business Segment Share; 11.6.2.5. Recent Developments; 11.7. Koninklijke Philips N.V.; 11.7.1. Overview; 11.7.1.1. Key Management; 11.7.1.2. Headquarters; 11.7.1.3. Offerings/Business Segments; 11.7.2. Key Details (Key details are consolidated data and not product/service specific); 11.7.2.1. Employee Size; 11.7.2.2. Past and Current Revenue; 11.7.2.3. Geographical Share; 11.7.2.4. Business Segment Share; 11.7.2.5. Recent Developments; 11.8. Legrand SA; 11.8.1. Overview; 11.8.1.1. Key Management; 11.8.1.2. Headquarters; 11.8.1.3. Offerings/Business Segments; 11.8.2. Key Details (Key details are consolidated data and not product/service specific); 11.8.2.1. Employee Size; 11.8.2.2. Past and Current Revenue; 11.8.2.3. Geographical Share; 11.8.2.4. Business Segment Share; 11.8.2.5. Recent Developments; 11.9. Honeywell International Inc.; 11.9.1. Overview; 11.9.1.1. Key Management; 11.9.1.2. Headquarters; 11.9.1.3. Offerings/Business Segments; 11.9.2. Key Details (Key details are consolidated data and not product/service specific); 11.9.2.1. Employee Size; 11.9.2.2. Past and Current Revenue; 11.9.2.3. Geographical Share; 11.9.2.4. Business Segment Share; 11.9.2.5. Recent Developments; 11.10. Savant Systems LLC; 11.10.1. Overview; 11.10.1.1. Key Management; 11.10.1.2. Headquarters; 11.10.1.3. Offerings/Business Segments; 11.10.2. Key Details (Key details are consolidated data and not product/service specific); 11.10.2.1. Employee Size; 11.10.2.2. Past and Current Revenue; 11.10.2.3. Geographical Share; 11.10.2.4. Business Segment Share; 11.10.2.5. Recent Developments