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Home Automation Global Market Size, Share, By Component, By Technology, By Application, By Fitment, By Region And Segment Forecasts, 2023-2032 | ABB, Crestron Electronics Inc., Schneider Electric, Honeywell International Inc., Johnson Controls Inc.
Home Automation Market
Home Automation Market Size, Growth Rate, And Forecast
The global home automation market size grew from $61.09 billion in 2022 to $68.1 billion in 2023 at a compound annual growth rate (CAGR) of 11.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The home automation market size is expected to grow to $101.47 billion in 2027 at a CAGR of 10.5%.
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Home Automation Market Drivers
The increasing use of internet of things (IoT) devices in a home automation system is expected to propel the growth of the home automation market in the forecast period.
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Home Automation Market Segments
• By Product: Lighting Control, Security And Access Control, HVAC Control, Entertainment, Other Products
• By Technology: Wired Home Automation System, Wireless Home Automation System
• By End User: Residential, Commercial, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Home Automation market.
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Home Automation Market Key Players
Major players in the Home Automation market are ABB, Crestron Electronics Inc., Schneider Electric, Honeywell International Inc., Johnson Controls Inc., Siemens AG, Legrand, Control4, Home Brain, Savant Systems Inc., Lutron Electronics Company, Sauter AG, United Technologies Corporation, Bosch Security and Safety Systems, Silvan Innovation Labs, Elan Home Systems LLC, Fueb, and Harman International.
The Business Research Company's "Global Home Automation Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table of Content for The Home Automation Market Include:
1. Executive Summary
2. Home Automation Market Characteristics
3. Home Automation Market Trends And Strategies
4. Home Automation Market - Macro Economic Scenario
5. Home Automation Market Size And Growth
.....
26. Africa Home Automation Market
27. Home Automation Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Home Automation Market
29. Home Automation Market Future Outlook and Potential Analysis
30. Appendix
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