Home Automation System Market Is Estimated to Grow at A CAGR Of Approximately 11% During the Forecast Period 2018–2023

Global Home Automation System Market Research Report, By Protocol & Technology (Network and Wireless), By Product (Lighting, Security and Access Control, HVAC and Entertainment Control), Software & Algorithm (Behavioral and Proactive) by Forecast till 2023.

The Global Home Automation System market is expected to reach approximately USD 85 Billion by 2023 growing at 11% CAGR over the forecast period 2018-2023.

Key players

Some of the key players of Home Automation System market include Honeywell International Inc. (U.S.), Acuity Brands, Inc. (U.S.), Johnson Controls Inc. (U.S.), United Technologies Corporation (U.S.), Crestron Electronics, Inc. (U.S.), Legrand (France), Schneider Electric Se (France), ABB Ltd. (Switzerland), Samsung Electronics Co., Ltd. (South Korea), Siemens Ag (Germany), among others.

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Market Highlights:

Home Automation System has achieved great popularity in the last few decades as it provides comfort, convenience, quality of life and security to the residents. It can be designed and developed by using a single controller which can control and monitor different interconnected appliances such as power plugs, lights, temperature and humidity sensors, smoke, gas and fire detectors as well as emergency and security system. The greatest advantage of home automation system is that it can be controlled and managed easily by various devices such as smartphones, tablets, desktops, and laptops.

Home automation system uses various wireless communication techniques such as Bluetooth, GSM, ZigBee, Wi-Fi, and others to communicate with the microcontroller. The market of home automation system is expected to grow due to the increased demand for features such as the convenience of remote operation and exceptional experience offered by smart home automation
The prominent players keep innovating and investing in research and development to present cost-effective offerings. Merger and Acquisitions among the various players are changing the market structure.

Regional Analysis:

The geographical analysis of global recommendation market is done for regions like North America, Europe, Asia Pacific, and rest of the world. Among these regions, the market is mostly dominated by North America during the forecast year. North America is expected to drive the home automation market due to technological advancement, consumer awareness, fast internet connectivity and the presence of major players of home automation system market such as United Technologies Corporation (U.S.), Honeywell International Inc. (U.S.), Johnson Controls Inc. (U.S.), Crestron Electronics, Inc. (U.S.), Acuity Brands, Inc. (U.S.) and others. Also, the increased demand for HVAC & energy management has significantly driven regional growth. The market in APAC is expected to grow at the highest CAGR due to a rapid increase in the residential projects and need to strengthen the building infrastructure. In developing countries like India, the market is expected to rise owing to the increasing investments in infrastructure to improve the standard of living.

Segmentation:

By Product, the market is segmented into Lighting Control, Climate Control, Security and Access Control, HVAC Control, Entertainment Control, Energy Management Control and others.

By Protocol & Technology, the market is into Network and Wireless. By Network Technology, the market is segmented into CDMA, GSM/HSPA and LTE network. By Protocol, the market is segmented into Digital Addressable Lighting Interface (DALI), Ethernet, LONWORKS, and BACnet among others.

By Wireless Technology market is segmented into IR, Zigbee, Z-wave, Wi-Fi, Bluetooth, etc.

By Software & Algorithm market is segmented into Behavioral and proactive.

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Target Audience:

• Automation & control vendors
• Automation & control networking technology vendors
• Real estate builders
• System integrators
• Homeowners
• Project consultants
• Designers/consultants (HVAC, security, and fire & safety)
• Component manufacturers (sensors & controls)
• Software and solution providers
• Home management systems (product & service providers)
• Associations & standards
• Government bodies involved in green buildings
Table of Contents

1 Executive Summary

2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure

3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
Continued...

List of Tables
Table 1 Home Automation System Market: By Region, 2018-2023
Table 2 North America Home Automation System Market: By Country, 2018-2023
Table 3 Europe Home Automation System Market: By Country, 2018-2023
Continued...

List of Figures
Figure 1 Global Home Automation System Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Porter’s Five Forces Analysis of Global Home Automation System Market
Continued...

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