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Key Influencer in the Artificial intelligence (AI) In Home Automation Market 2025: Rising Smart Home Device Adoption Fuels AI In Home Automation Market Growth Driver
Artificial intelligence AI In Home Automation Market
What combination of drivers is leading to accelerated growth in the artificial intelligence (ai) in home automation market?
The growing adoption of smart home devices is expected to drive the growth of AI in home automation. Smart home devices automate and control various home systems such as lighting, temperature, and security, using intelligent technology and remote access. This trend is fueled by increased consumer demand for convenience, energy efficiency, and enhanced security features. AI in home automation enhances these devices by offering more personalized, efficient, and intuitive control of home environments. For example, in September 2022, Dataconomy reported that the average number of connected smart devices per home worldwide reached 17.1 by June 2022, a 10% increase from the previous year. Therefore, the growing adoption of smart home devices is driving AI growth in the home automation market.
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What is the projected compound annual growth rate (CAGR) of the artificial intelligence (ai) in home automation market from 2025 to 2034, and what factors influence it?
The artificial intelligence (AI) in home automation market has seen substantial growth in recent years. It is forecasted to rise from $20.52 billion in 2024 to $26.64 billion in 2025, reflecting a CAGR of 29.8%. The past growth was fueled by rising consumer demand for convenience, enhanced connectivity, cost savings, improved energy efficiency, and the increasing adoption of smart devices.
The artificial intelligence (AI) in home automation market is expected to witness remarkable growth in the near future. By 2029, it is projected to reach $75.08 billion, with a CAGR of 29.6%. Growth drivers include increasing consumer awareness, a stronger emphasis on energy efficiency, the expansion of 5G networks, supportive government policies and regulations, and the proliferation of smart city projects. Key trends during the forecast period will feature AI and IoT integration, advancements in voice-activated and natural language processing technologies, enhanced security and privacy features, broader technological integration, and improved personalization and customization capabilities.
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How are the latest trends influencing the growth of the artificial intelligence (ai) in home automation market?
In AI home automation, companies are integrating generative AI for personalized home automation. Google LLC's "Help Me Script," launched in November 2023, allows users to create customized automation scripts for their smart home devices using natural language. This tool simplifies the process of home automation, enhancing the user experience without requiring technical expertise.
What are the major segments of the artificial intelligence (ai) in home automation market and their role in driving growth?
The artificial intelligence (AI) in home automation market covered in this report is segmented -
1) By Component: Hardware, Software, Services
2) By Technology: Machine Learning (ML), Natural Language Processing (NLP), Computer Vision, Other Technologies
3) By Application: Voice Assistants, Security And Surveillance, Energy Management, Predictive Maintenance, Other Applications
Subsegments:
1) By Hardware: Smart Sensors (motion, temperature, humidity), Smart Thermostats, AI-Enabled Smart Speakers and Assistants, Smart Lighting Systems, AI-Based Home Security Cameras, Smart Appliances, Home Automation Hubs and Controllers
2) By Software: AI-Based Home Automation Platforms, Voice Recognition Software, Machine Learning Algorithms for Smart Homes, AI-Powered Home Energy Management Software, Predictive Maintenance Software, Home Automation Mobile Apps
3) By Services: AI Home Automation Integration Services, Cloud-Based AI Services for Smart Homes, Managed Services for Home Automation Systems, AI-Driven Security and Surveillance Services, AI Consultation and Customization Services, Technical Support and Maintenance Services
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Which regions are key players in the growth of the artificial intelligence (ai) in home automation market?
North America was the largest region in the artificial intelligence (AI) in home automation market in 2024. The regions covered in the artificial intelligence (AI) in home automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the artificial intelligence (ai) in home automation market?
Major companies operating in the artificial intelligence (AI) in home automation market are Amazon.com Inc., Apple Inc., Alphabet Inc., Samsung Electronics Co. Ltd., Microsoft Corporation, Siemens AG, Intel Corporation., International Business Machines Corporation, LG Corporation, Panasonic Corporation, Xiaomi Corporation, Schneider Electric SE, Honeywell International Inc., ABB Ltd, Nvidia Corporation., Johnson Controls International PLC, Legrand, ADT Inc., Vivint Smart Home Inc., iRobot Corporation, Sansiri PLC, Control4 Corporation, Qualisys AB, Mycroft AIInc., Josh.ai
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What Is Covered In The Artificial intelligence (AI) In Home Automation Global Market Report?
•Market Size Forecast: Examine the artificial intelligence (ai) in home automation market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the artificial intelligence (ai) in home automation market for a structured understanding.
•Key Players Overview: Analyze major players in the artificial intelligence (ai) in home automation market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the artificial intelligence (ai) in home automation market.
•Segment Contributions: Evaluate how different segments drive overall growth in the artificial intelligence (ai) in home automation market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the artificial intelligence (ai) in home automation market.
•Industry Challenges: Identify potential risks and obstacles affecting the artificial intelligence (ai) in home automation market.
•Competitive Landscape: Review strategic developments in the artificial intelligence (ai) in home automation market, including expansions, agreements, and new product launches.
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