Press release
Home Automation Market Size, Share, Growth, Industry Analysis, Key Trends and Forecast To 2030
The security & safety segment dominated the market due to considerable adoption of smart technologies such smart bulb, smart camera, and smart refrigerator as compared to the other sectors. Increase in government initiatives for the development of smart cities has fueled the adoption of home automation systems.
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Leading Players:
The major players profiled in the home automation market include ABB, ADT, Creston Electronics, Inc., Honeywell International Inc., Ingresoll Rand, Johnson Controls, Larsen & Toubro Ltd., Legrand, Samsung Electronics Co., Ltd. and Schneider Electric. Major companies in the market have adopted product launch, business expansion and acquisition as their key developmental strategies to offer better products and services to customers in the home automation market.
Key Market Segments
• By Application
o Lighting
o safety & security
o HVAC
o Entertainment
o Others
• By Technology
o Wired
o Wireless
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Key Findings Of The Study
• By application, the safety & security segment was the highest revenue contributor in 2020.
• By technology, the wireless segment dominated the market in 2020.
• By end user, the residential segment dominated the market in 2020.
• Asia-Pacific region generated the highest revenue in 2020.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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