Home Automation Global Market Report 2024

Description

“Home Automation Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on home automation market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for home automation? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The home automation market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

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
Companies Mentioned: ABB; Crestron Electronics Inc.; Schneider Electric SE; Honeywell International Inc.; Johnson Controls Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Home automation refers to the electronic and automatic control of household activities, features, and equipment. is a network of hardware, communication, and electronic interfaces that enables the Internet-based integration of commonplace devices. Whether you are at home or thousands of miles away, you can handle each gadget from your smartphone or tablet because they each have sensors and are WiFi linked. Home automation is also referred to as domotics, and a home equipped with an automation system is referred to as a smart home.

The main types of products in home automation are lighting control, security and access control, HVAC control, entertainment, and others. Lighting controls are a type of smart lighting gadget that allows users to adjust the amount, quality, and features of light in a specific area. These smart devices help to cut down on electricity waste while also promoting energy efficiency. The different technologies include wired home automation systems, and wireless home automation systems and are implemented in various areas such as residential, commercial, and others.

The home automation market research report is one of a series of new reports from The Business Research Company that provides home automation market statistics, including home automation industry global market size, regional shares, competitors with a home automation market share, detailed home automation market segments, market trends and opportunities, and any further data you may need to thrive in the home automation industry. This home automation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The home automation market size has grown rapidly in recent years. It will grow from $66. 04 billion in 2023 to $72. 82 billion in 2024 at a compound annual growth rate (CAGR) of 10. 3%. The growth in the historic period can be attributed to growing consumer awareness, convenience and time-saving, energy efficiency concerns, increased focus on health and wellness, enhanced data privacy.

The home automation market size is expected to see rapid growth in the next few years. It will grow to $109. 34 billion in 2028 at a compound annual growth rate (CAGR) of 10. 7%. The growth in the forecast period can be attributed to focus on sustainable and green homes, health and wellness monitoring, focus on sustainability, customization and personalization, diy home automation kits. . Major trends in the forecast period include rise of smart hubs and ecosystems, expansion of iot devices, security and surveillance solutions, health and wellness monitoring, customization and personalization, diy installations and configurations. .

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. The Internet of Things (also known as IoT) based home automation system uses internet protocols or cloud computing to operate all of the smart home's equipment. The IoT-based home automation system has numerous advantages over wired systems, including flexibility, ease of installation, avoidance of the complexity of flowing through wires or weak electrical wiring, easy problem detection and triggering, and, most all, mobility. For instance, in March 2023, according to Exploding Topics, a US-based online platform that provides insights into emerging and trending topics, by 2030, it is anticipated that there will be 25. 4 billion IoT devices. Therefore, the increasing use of internet of things (IoT) devices in home automation systems drive the home automation market growth .

The rising demand for smart homes is expected to propel the growth of the home automation market going forward. A smart home refers to a residence equipped with various interconnected devices, systems, and appliances that use advanced technology to enhance and streamline daily living. Home automation in smart homes offers remote control, safety, security, comfort, improves quality of life and property value, flexibility, and scalability. For instance, in August 2023, according to RubyHome, a US-based real estate company, in the US, 63. 43 million homes use smart home devices, and around 7 in 10 homebuyers are willing to buy a smart home. The rising demand for smart homes is driving the growth of the home automation market .

The growing technological advancements are shaping the home automation market. Major companies operating in the home automation sector are focused on developing technological solutions for home automation to strengthen their position. For instance, in June 2022, Hogar Controls, a US-based company operating in smart home solutions, launched a series of home automation products such as smart touch panels, controllers, digital door locks, and smart curtain motors to provide a one-stop-shop solution for architects, interior designers, and contemporary consumers smart home solutions. smart touch panels work on Z-Wave technology, and it is introduced with Wi-Fi capabilities that are compatible with any smartphone and voice-controlled via amazon Alexa or google assistant on supported devices via sensors. Additionally, these control panels are heat, humidity, and shockproof.

Major companies operating in the home automation market are focusing on innovative products such as smart switches to drive revenues in their market. Smart switches are electrical switches equipped with wireless connectivity and advanced technology, allowing users to control and automate the operation of lighting and other electrical appliances remotely. For instance, in September 2023, Finolex Cables Ltd, an India-based company that manufactures smart devices for home automation, launched smart switches. Smart switches with WiFi capabilities that fit in perfectly with current electrical configurations. These switches give homeowners total control over their appliances and lighting. The smart switches offer easy convenience whether they are used manually, with a remote control, or with virtual assistants such as google and alexa. Additionally, the panels can be customized with 5,000 different LED background colors and finishes to match any designer's aesthetic preferences .

In June 2023, ABB Ltd, a Switzerland based company specializing in robotics, automation, electrical engineering, and power technology acquired Eve Systems GmbH for an undisclosed amount. With this acquisition, ABB will become a market leader in smart home solutions built on the new wireless networking technology and matter and thread interoperating standards. This acquisition strengthens ABB's well-established reputation for providing essential home automation infrastructure based on KNX standards, enabling intelligent homes. Eve Systems GmbH is a German company that specializes in smart home and home automation products .

Major companies operating in the in the home automation market report are ABB, Crestron Electronics Inc., Schneider Electric SE, Honeywell International Inc., Johnson Controls Inc., Siemens AG, Legrand Group, 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, Harman International, LG Electronics Inc., August Inc., HomeSeer Technologies LLC, Wink Labs Inc., Amazon Inc., Google Nest, ADT Inc., Vivint Smart Home Inc., SimpliSafe, Ring LLC, Ecobee, Somfy, Netatmo, SmartThings Inc.

North America was the largest region in the home automation market in 2023. The regions covered in the home automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the home automation market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The home automation market includes revenues earned by entities by providing control of lighting, motorized curtains, security and surveillance. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r10391

1. Executive Summary

2. Home Automation Market Characteristics

3. Home Automation Market Trends And Strategies

4. Home Automation Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Home Automation Market Size and Growth

5.1. Global Home Automation Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Home Automation Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Home Automation Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Home Automation Market Segmentation

6.1. Global Home Automation Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Lighting Control
Security And Access Control
HVAC Control
Entertainment
Other Products
6.2. Global Home Automation Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Wired Home Automation System
Wireless Home Automation System
6.3. Global Home Automation Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Residential
Commercial
Other End Users

7. Home Automation Market Regional And Country Analysis

7.1. Global Home Automation Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Home Automation Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Home Automation Market

8.1. Asia-Pacific Home Automation Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Home Automation Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Home Automation Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. 4. Asia-Pacific Home Automation Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Home Automation Market

9.1. China Home Automation Market Overview
9.2. China Home Automation Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Home Automation Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9. 4. China Home Automation Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Home Automation Market

10.1. India Home Automation Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Home Automation Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Home Automation Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Home Automation Market

11.1. Japan Home Automation Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.2. Japan Home Automation Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Home Automation Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Home Automation Market

12.1. Australia Home Automation Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Home Automation Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Home Automation Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Home Automation Market

13.1. Indonesia Home Automation Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Home Automation Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Home Automation Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Home Automation Market

14.1. South Korea Home Automation Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.2. South Korea Home Automation Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Home Automation Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Home Automation Market

15.1. Western Europe Home Automation Market Overview
15.2. Western Europe Home Automation Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Home Automation Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. 4. Western Europe Home Automation Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Home Automation Market

16.1. UK Home Automation Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Home Automation Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Home Automation Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Home Automation Market

17.1. Germany Home Automation Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Home Automation Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Home Automation Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Home Automation Market

18. 5. France Home Automation Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. 6. France Home Automation Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. 7. France Home Automation Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Home Automation Market

19. 9. Italy Home Automation Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.10. Italy Home Automation Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.11. Italy Home Automation Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Home Automation Market

20.13. Spain Home Automation Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.14. Spain Home Automation Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.15. Spain Home Automation Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Home Automation Market

21.1. Eastern Europe Home Automation Market Overview
21.2. Eastern Europe Home Automation Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Home Automation Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. 4. Eastern Europe Home Automation Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Home Automation Market

22.1. Russia Home Automation Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Home Automation Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Home Automation Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Home Automation Market

23.1. North America Home Automation Market Overview
23.2. North America Home Automation Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Home Automation Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. 4. North America Home Automation Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Home Automation Market

24.1. USA Home Automation Market Overview
24.2. USA Home Automation Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Home Automation Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. 4. USA Home Automation Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Home Automation Market

25.1. Canada Home Automation Market Overview
25.2. Canada Home Automation Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Home Automation Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. 4. Canada Home Automation Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Home Automation Market

26.1. South America Home Automation Market Overview
26.2. South America Home Automation Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Home Automation Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. 4. South America Home Automation Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Home Automation Market

27.1. Brazil Home Automation Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Home Automation Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Home Automation Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Home Automation Market

28.1. Middle East Home Automation Market Overview
28.2. Middle East Home Automation Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Home Automation Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. 4. Middle East Home Automation Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Home Automation Market

29.1. Africa Home Automation Market Overview
29.2. Africa Home Automation Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Home Automation Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. 4. Africa Home Automation Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Home Automation Market Competitive Landscape And Company Profiles

30.1. Home Automation Market Competitive Landscape
30.2. Home Automation Market Company Profiles
- 30.2.1. ABB
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1. 4. Financial Performance
- 30.2.2. Crestron Electronics Inc.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2. 4. Financial Performance
- 30.2.3. Schneider Electric SE
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3. 4. Financial Performance
- 30.2. 4. Honeywell International Inc.
  - 30.2. 4.1. Overview
  - 30.2. 4.2. Products and Services
  - 30.2. 4.3. Strategy
  - 30.2. 4. 4. Financial Performance
- 30.2. 5. Johnson Controls Inc
  - 30.2. 5.1. Overview
  - 30.2. 5.2. Products and Services
  - 30.2. 5.3. Strategy
  - 30.2. 5. 4. Financial Performance

31. Global Home Automation Market Competitive Benchmarking

32. Global Home Automation Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Home Automation Market

34. Home Automation Market Future Outlook and Potential Analysis

34.1 Home Automation Market In 2028 - Countries Offering Most New Opportunities
34.2 Home Automation Market In 2028 - Segments Offering Most New Opportunities
34. 3 Home Automation Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35. 4. Research Inquiries
35. 5. The Business Research Company
35. 6. Copyright And Disclaimer