Home Automation Market Productivity Data Analysis by Key Players - AMX LLC. (Harman), Control4 Corporation, Crestron Electronics, Inc., Honeywell International Inc., Johnson Controls Inc., Savant Systems LLC., Siemens AG

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The home automation market is estimated to reach US$ 113.82 billion by 2025 from US$ 35.24 billion in 2016.

Home Automation market is described as a range of on-premises or cloud-based capabilities that enable a house control its various operations such as indoor temperature, lights, entertainment units and security controls with the help of devices, such as smartphone, tablets, and sensor remote controls. The concept of home automation has been in existence since long, however, lately, due to the suitable confluence of the vital market, strategic, regulatory and technology trends, the home automation market is expected to witness a new phase in its growth trend.

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Key trend which will predominantly effect the market in the coming year is that a majority of people are projected to get access to a massive count of home automation devices in almost every aspect of their lifestyle. Owing to the globe is anticipated to witness voice command technology in almost every device. Presently, the voice command technology is only present in limited devices and one of them is smartphones. Moreover, this technology is also expected to eclipse over the remote control technology. In coming years the majority would be able to witness a combination of sensor products, unlike the connected sensors utilized by Febreze Home.

The market for home automation is gaining momentum in recent years attributed to higher simplicity and affordability through tablet and smartphone connectivity. However, several players in the market are operating with their proprietary technologies, as there is a lack of standardization in the home automation market. It is difficult to estimate the return on investment due to numerous operating players and devices available are based on standard and proprietary technologies. Interoperability at device, application, and network is required to offer integrated solutions and to achieve economies of scale.

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The global home automation market by products is fragmented into Entertainment Centers, Security & Access Control, Lighting Control, Climate Control, and Outdoor Automation System. The segmentation is based upon the various home automation products to improve efficiency and security. Security & Access control in the Home Automation market have acquired the biggest share of almost one-third in 2016, followed by Climate Control, and Lighting Control. The Security & Access Control product segment is expected to acquire the largest share attributed to the rising criminal incidences as well as increasing young working population seeking to monitor elderly and children through video surveillance.

The overall market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the market. Also, the primary interview was conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the home automation industry.

Table of Contents

1 Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
2 Key Takeaways
3 Home Automation Market Landscape
3.1 Market Overview
3.2 Market Segmentation
3.2.1 Home Automation Market – By Product
3.2.2 Home Automation Market – By Networking
3.2.3 Market – By Region
3.2.3.1 By Countries
3.3 PEST Analysis
3.3.1 North America – PEST Analysis
3.3.2 Europe – PEST Analysis
3.3.3 Asia Pacific – PEST Analysis
3.3.4 Middle East and Africa – PEST Analysis
3.3.5 South America – PEST Analysis
Continue…

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