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Home Automation System Market Report and Forecast 2024-2032

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    Report

  • 170 Pages
  • December 2023
  • Region: Global
  • Expert Market Research
  • ID: 5921524
According to the report, the global home automation system market is projected to grow at a CAGR of 8% between 2024 and 2032 reaching a value of approximate USD 126 billion by 2032. Aided by availability of affordable home automation solutions and rising investment by companies such as Apple and Google in home automation business, the market is expected to grow significantly by 2032.

Home automation systems have become increasingly popular as they offer the promise of a more comfortable, secure, and efficient lifestyle. These systems enable users to control a variety of home functions remotely, from lighting and climate control to security and entertainment systems, through smart devices or voice-activated assistants.

As per the home automation system market analysis, smart home technology is no longer viewed as a luxury but is gradually becoming a standard feature in modern homes. This is in part due to the convergence of technologies like artificial intelligence, machine learning, and IoT, which has made home automation systems more intuitive, responsive, and easy to use. In particular, the rise of voice-activated home assistants like Amazon's Alexa and Google Assistant has been pivotal in this adoption.

Beyond consumer convenience, home automation system market growth is also driven by the broader push towards sustainability. Many of today’s smart home systems offer advanced energy-saving features that not only reduce a household’s carbon footprint but also contribute to considerable cost savings in the long term. With rising energy costs and increased awareness about climate change, these features are becoming more appealing to consumers.

Considering the home automation system market demand, it's clear that this surge is not confined to any specific region. While North America and Europe have traditionally been the largest markets, Asia-Pacific is showing remarkable growth, led by nations like Japan, South Korea, and China. The rise of a middle-class population with increased disposable income in these countries has created a fertile ground for the adoption of home automation systems.

The home automation system market size is expected to grow during the forecast period owing to the rising focus on creating products that offer an enhanced user experience, with features like interoperability, customisation, and advanced security. Technology partnerships are also common, as companies seek to integrate various smart home functionalities into a single, seamless system.

As the smart home concept continues to evolve, the integration of more advanced technologies like augmented reality, blockchain, and 5G will likely redefine the user experience, making it more interactive, secure, and efficient. These future trends indicate that home automation will increasingly become an integral part of our daily lives, moving beyond mere convenience to becoming essential tools for modern living.

Market Segmentation

The market can be divided based on type, application, and region.

Market Breakup by Type

  • Managed Home Automation Systems
  • Mainstream Home Automation Systems
  • DIY Home Automation Systems
  • Luxury (Custom) Home Automation Systems

Market Breakup by Application

  • Lighting Control
  • Security and Access Control
  • HVAC Control
  • Entertainment and Other Controls

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global home automation system market. Some of the major players explored in the report are as follows:
  • Siemens Aktiengesellschaft
  • Honeywell International Inc
  • Schneider Electric SE
  • ABB Ltd
  • Samsung Electronics
  • Johnson Controls Inc
  • Legrand North America, LLC
  • Others

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Market Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Home Automation System Market Analysis
8.1 Key Industry Highlights
8.2 Global Home Automation System Historical Market (2018-2023)
8.3 Global Home Automation System Market Forecast (2024-2032)
8.4 Global Home Automation System Market by Type
8.4.1 Managed Home Automation Systems
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Mainstream Home Automation Systems
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 DIY Home Automation Systems
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.4.4 Luxury (custom) Home Automation Systems
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2023)
8.4.4.3 Forecast Trend (2024-2032)
8.5 Global Home Automation System Market by Application
8.5.1 Lighting Control
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Security and Access Control
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 HVAC Control
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 Forecast Trend (2024-2032)
8.5.4 Entertainment and Other Controls
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2023)
8.5.4.3 Forecast Trend (2024-2032)
8.6 Global Home Automation System Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.1.3 Market by Application
9.1.3.1 Lighting Control
9.1.3.2 Security and Access Control
9.1.3.3 HVAC Control
9.1.3.4 Entertainment and Other Controls
9.1.4 Market by Country
9.1.4.1 United States of America
9.1.4.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.2.3 Market by Application
9.2.3.1 Lighting Control
9.2.3.2 Security and Access Control
9.2.3.3 HVAC Control
9.2.3.4 Entertainment and Other Controls
9.2.4 Market by Country
9.2.4.1 United Kingdom
9.2.4.2 Germany
9.2.4.3 France
9.2.4.4 Italy
9.2.4.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.3.3 Market by Application
9.3.3.1 Lighting Control
9.3.3.2 Security and Access Control
9.3.3.3 HVAC Control
9.3.3.4 Entertainment and Other Controls
9.3.4 Market by Country
9.3.4.1 China
9.3.4.2 Japan
9.3.4.3 India
9.3.4.4 ASEAN
9.3.4.5 Australia
9.3.4.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.4.3 Market by Application
9.4.3.1 Lighting Control
9.4.3.2 Security and Access Control
9.4.3.3 HVAC Control
9.4.3.4 Entertainment and Other Controls
9.4.4 Market by Country
9.4.4.1 Brazil
9.4.4.2 Argentina
9.4.4.3 Mexico
9.4.4.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.5.3 Market by Application
9.5.3.1 Lighting Control
9.5.3.2 Security and Access Control
9.5.3.3 HVAC Control
9.5.3.4 Entertainment and Other Controls
9.5.4 Market by Country
9.5.4.1 Saudi Arabia
9.5.4.2 United Arab Emirates
9.5.4.3 Nigeria
9.5.4.4 South Africa
9.5.4.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter's Five Forces Analysis
10.2.1 Supplier's Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Key Players' Market Share
12.3 Company Profiles
12.3.1 Siemens Aktiengesellschaft
12.3.1.1 Company Overview
12.3.1.2 Product Portfolio
12.3.1.3 Demographic Reach and Achievements
12.3.1.4 Certifications
12.3.2 Honeywell International Inc
12.3.2.1 Company Overview
12.3.2.2 Product Portfolio
12.3.2.3 Demographic Reach and Achievements
12.3.2.4 Certifications
12.3.3 Schneider Electric SE
12.3.3.1 Company Overview
12.3.3.2 Product Portfolio
12.3.3.3 Demographic Reach and Achievements
12.3.3.4 Certifications
12.3.4 ABB Ltd
12.3.4.1 Company Overview
12.3.4.2 Product Portfolio
12.3.4.3 Demographic Reach and Achievements
12.3.4.4 Certifications
12.3.5 Samsung Electronics
12.3.5.1 Company Overview
12.3.5.2 Product Portfolio
12.3.5.3 Demographic Reach and Achievements
12.3.5.4 Certifications
12.3.6 Johnson Controls Inc
12.3.6.1 Company Overview
12.3.6.2 Product Portfolio
12.3.6.3 Demographic Reach and Achievements
12.3.6.4 Certifications
12.3.7 Legrand North America, LLC
12.3.7.1 Company Overview
12.3.7.2 Product Portfolio
12.3.7.3 Demographic Reach and Achievements
12.3.7.4 Certifications
12.3.8 Others
13 Industry Events and Developments
List of Key Figures and Tables
1. Global Home Automation System Market: Key Industry Highlights, 2018 and 2032
2. Global Home Automation System Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Home Automation System Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Home Automation System Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Home Automation System Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Home Automation System Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Home Automation System Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Home Automation System Historical Market: Breakup by Application (USD Billion), 2018-2023
9. North America Home Automation System Market Forecast: Breakup by Application (USD Billion), 2024-2032
10. North America Home Automation System Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Home Automation System Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Home Automation System Historical Market: Breakup by Application (USD Billion), 2018-2023
13. Europe Home Automation System Market Forecast: Breakup by Application (USD Billion), 2024-2032
14. Europe Home Automation System Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Home Automation System Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Home Automation System Historical Market: Breakup by Application (USD Billion), 2018-2023
17. Asia Pacific Home Automation System Market Forecast: Breakup by Application (USD Billion), 2024-2032
18. Asia Pacific Home Automation System Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Asia Pacific Home Automation System Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Latin America Home Automation System Historical Market: Breakup by Application (USD Billion), 2018-2023
21. Latin America Home Automation System Market Forecast: Breakup by Application (USD Billion), 2024-2032
22. Latin America Home Automation System Historical Market: Breakup by Country (USD Billion), 2018-2023
23. Latin America Home Automation System Market Forecast: Breakup by Country (USD Billion), 2024-2032
24. Middle East and Africa Home Automation System Historical Market: Breakup by Application (USD Billion), 2018-2023
25. Middle East and Africa Home Automation System Market Forecast: Breakup by Application (USD Billion), 2024-2032
26. Middle East and Africa Home Automation System Historical Market: Breakup by Country (USD Billion), 2018-2023
27. Middle East and Africa Home Automation System Market Forecast: Breakup by Country (USD Billion), 2024-2032
28. Global Home Automation System Market Structure

Companies Mentioned

  • Siemens Aktiengesellschaft
  • Honeywell International Inc
  • Schneider Electric SE
  • ABB Ltd
  • Samsung Electronics
  • Johnson Controls Inc
  • Legrand North America LLC

Methodology

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