Global Home Automation System Market Growth (Status and Outlook) 2023-2029

Global Home Automation System Market Growth (Status and Outlook) 2023-2029

Home automation provides high end solutions and uses advanced digital technology to automate our products and systems. Home automation provides better efficiency and better performance in automating the home or our household activities to centralized control the system. Consumers want to customized, they want professionally installed systems, which is at their convenience and easy to use. They want to save time, prefer energy efficient or saving products.

LPI (LP Information)' newest research report, the “Home Automation System Industry Forecast” looks at past sales and reviews total world Home Automation System sales in 2022, providing a comprehensive analysis by region and market sector of projected Home Automation System sales for 2023 through 2029. With Home Automation System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Home Automation System industry.

This Insight Report provides a comprehensive analysis of the global Home Automation System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Home Automation System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Home Automation System market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Home Automation System and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Home Automation System.

The global Home Automation System market size is projected to grow from US$ 47660 million in 2022 to US$ 90220 million in 2029; it is expected to grow at a CAGR of 9.5% from 2023 to 2029.

The entertainment control market is anticipated to hold the largest share among different products segments in the home automation system market. The growth of the audio, volume, & multimedia room controls is driven by the convenience offered by these controls for managing as well controlling the entertainment systems in a house.

This report presents a comprehensive overview, market shares, and growth opportunities of Home Automation System market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Wireless Communication Technologies
Network Technologies

Segmentation by application
Lighting Control
Security & Access Control
HVAC Control
Entertainment Control
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Honeywell
Legrand
Schneider Electric
Johnson Controls
Siemens
Ingersoll-Rand
ABB
Control4
Crestron Electronics
Leviton Manufacturing Company
Lutron
Samsung Electronics

Please note: The report will take approximately 2 business days to prepare and deliver.