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Home Automation Market: Global Industry Report 2019

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The global home automation market size is anticipated to reach USD 46.22 billion by 2025 owing to the growing popularity of Internet of Things (IoT) and rapid adoption of smartphones and other gadgets.
Adroit Market Research
Global Home Automation Market Size
by Type [Custom automation (luxury) systems, Mainstream automation
systems, DIY (Do-It-Yourself) automation systems and Managed home
automation services], by Application (Lighting, Safety and security, HVAC,
Entertainment, Energy management and others), by Technology (Wired
systems, Power-line systems, Computing networks and Wireless systems), by
Region (North America, Europe, Asia Pacific, Central & South America and
Middle-East & Africa) and Forecast 2018 to 2025
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Adroit Market Research
Global Home Automation Market Revenue Forecast to Exceed USD 46 Billion
by 2025
• Adroit Market Research published a study titled, “Global Home Automation Market Size 2017 by Type [Custom automation
(luxury) systems, Mainstream automation systems, DIY (Do-It-Yourself) automation systems and Managed home
automation services], by Application (Lighting, Safety and security, HVAC, Entertainment, Energy management and
Others), by Technology (Wired systems, Power-line systems, Computing networks and Wireless systems), by Region (North
America, Europe, Asia Pacific, Central & South America and Middle-East & Africa) and Forecast 2018 to 2025”.
• The study covers the global home automation market revenue for a period ranging from 2015 to 2025, in which, 2015 to
2017 indicate the actual annual revenue and the forecast revenue is from 2018 to 2025. The global home automation
market report also includes qualitative insights such as the value chain analysis, drivers, restraints, PESTLE analysis,
regulatory framework, and Porter’s five forces analysis. The global home automation market 2018 gives a complete view
encompassing consumption, import and export for key regions and countries.
• The global home automation market size is anticipated to reach USD 46.22 billion by 2025 owing to the growing popularity
of Internet of Things (IoT) and rapid adoption of smartphones and other gadgets. Upcoming wireless technologies such as
5G, Bluetooth, ZigBee, Z-Wave and other proprietary protocols will have a significant impact on the overall growth of
home automation market in coming years.
Browse the complete report on @ https://adroitmarketresearch.com/industryreports/home-automation-market
+1 (214) 884-6068
[email protected]
www.adroitmarketresearch.com
Adroit Market Research
Global Home Automation Market Revenue Forecast to Exceed USD 46 Billion
by 2025
• With growing awareness of new home automation technologies and rising preference to luxurious lifestyle in developing
economies have fuelled the growth of global home automation market. Furthermore, growing concerns of efficient
energy usage and increasing awareness of safety & security among the consumers will collectively drive the home
automation market across the globe. However, high initial costs and lack of high speed internet connectivity are few
challenges that could hamper the growth of home automation market.
• The home automation market is vastly being disrupted by the inception of voice assistants. This trend of integrating of
voice assistants with the home appliances is on a rise as, it is much simpler to give voice commands rather than carrying
a smartphone every time. One of the major challenges that could be faced in the future is the interoperability of
different devices and applications.
• In 2017, North America had the highest market share in the global home automation market, followed by Europe, AsiaPacific, central & South America and Middle-East & Africa. This is mostly due to high awareness among the consumers
and technological advancements in the US and Canada. Almost all the major players in the world originate from the
North American and European region, but Asia-Pacific countries are catching up with speed in terms of investments in
home automation.
• The home automation market is highly fragmented with both local and global players. Also, due to lack of
standardization, many players are competing in the market with their own proprietary technologies. Some of the
prominent players in the global home automation include Siemens AG, Crestron Electronics Inc., Control4 Corporation,
Zigbee alliance, ABB, Nest Labs, Google Inc., Apple Inc., AT & T, Vantage Controls (Legrand) and others.
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Key segments of the global home automation market
Type Overview, 2015-2025 (USD million)
• Custom automation (luxury) systems
• Mainstream automation systems
• DIY (Do-It-Yourself) automation systems
• Managed home automation services
Application Overview, 2015-2025 (USD million)
• Lighting
• Safety and security
• HVAC
• Entertainment
• Energy management
• Others
Regional Overview, 2015-2025 (USD million)
• North America
• Europe
• Asia Pacific
• Central & South America
• Middle-East & Africa
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Adroit Market Research
About Us
Contact Us
Adroit Market Research is an India-based business analytics and consulting company. Our
target audience is a wide range of corporations, manufacturing companies, product/technology
development institutions and industry associations that require understanding of a market’s
size, key trends, participants and future outlook of an industry. We intend to become our
clients’ knowledge partner and provide them with valuable market insights to help create
opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At
our core, we are curious people who love to identify and understand industry patterns, create
an insightful study around our findings and churn out money-making roadmaps. Our analysts
have tracked high growth markets in chemicals & materials, healthcare & pharmaceuticals,
semiconductor & electronics, energy & power, food & retail, consumer goods, technology, and
machinery & equipment sectors across the world to identify new opportunities, potential
customers, prepare go-to-market (GTM) strategies, identify segments for revenue growth for
companies, and many more.
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