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Global Home Automation Market: Exploring Market Size, Growth Rate, Key Drivers and Emerging Trends
Home Automation Market Size
Uncovering the Market Size and Growth Rate of the Global Home Automation Market
o The global home automation market's powerful trajectory materialized a growth from $71.19 billion in 2024 to $77.65 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 9.1%. This uptick during the historical period is credited to heightened consumer awareness and focus on health, wellness, privacy, energy efficiency and convenience.
o The forecast period affirms a steeper climb with the market size reaching $123.88 billion in 2029 at a CAGR of 12.4%, propelled by sustainability efforts, personalization, health monitoring and DIY home automation kits trends.
What is fueling the Home Automation Market's Expansion?
Driving the home automation market's expansion is the accelerating use of Internet of Things (IoT) devices. The IoT-conscious home automation system, interacting through internet protocols or cloud computing, streamlines the operation of smart home appliances. Overshadowing wired systems, the IoT-based model brings flexibility, user-friendly installation, uncomplicated problem detection and mobility to the fore. By 2030, it is predicted there will be 25.4 billion IoT devices, verifying the pivotal role of IoT in spurring home automation market growth.
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Which Key Players are Spearheading the Home Automation Market Growth?
The home automation market finds its momentum with operations of key players including:
o ABB
o Crestron Electronics Inc.
o Schneider Electric SE
o Honeywell International Inc.
o Johnson Controls Inc.
o Siemens AG
o Legrand Group
o Control4
o Home Brain
o Savant Systems Inc.
o Lutron Electronics Company
o Sauter AG
o Bosch Security and Safety Systems
o Silvan Innovation Labs
o Elan Home Systems LLC
o Fueb
o Harman International
o LG Electronics Inc.
o August Inc.
o HomeSeer Technologies LLC
o Amazon Inc.
o Google Nest
o ADT Inc.
o Vivint Smart Home Inc.
o SimpliSafe
o Ring LLC
o Ecobee
o Somfy
o Netatmo
o SmartThings Inc.
What Emerging Trends are shaping the Home Automation Market?
The rapidly evolving home automation market is shaped by trends such as:
o Rise of smart hubs and ecosystems
o Expansion of IoT devices
o Security and surveillance solutions
o Health and wellness monitoring
o Customization and personalization
o DIY installations and configurations
What are the Global Home Automation Market Segments?
The home automation market can be delineated by segments including:
1) By Product: Lighting Control, Security And Access Control, HVAC Control, Entertainment, Other Products
2) By Technology: Wired Home Automation System, Wireless Home Automation System
3) By End User: Residential, Commercial, Other End Users
Which Region Dominates the Home Automation Market?
North America held the largest share of the home automation market in 2024. Other regions covered in the home automation market report include Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Home Automation Market Global Market Report?
- Market Size Analysis: Analyze the Home Automation Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Home Automation Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Home Automation Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Home Automation Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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