Global Home Automation System Market Analysis & Trends - Industry Forecast to 2025
The Global Home Automation System Market is poised to grow at a CAGR of around 11.5% over the next decade to reach approximately $101.43 billion by 2025. Some of the prominent trends that the market is witnessing include healthy growth rate from developing economies and failures or malfunctioning of devices is challenging the market growth.
Based on software & algorithm the market is categorized into proactive and behavioral.
By technology, home automation system market is segmented into wireless communication technologies and network technologies. Furthermore, wireless communication technologies are segregated by thread, enocean, bluetooth, wi-fi, Z-wave and zigbee. Network technologies divided by LTE networks, GMS/HSPA networks and CDMA networks.
Depending on the protocols & standards the market is segregated by black box, building automation and control network (BACNET), modbus, ethernet, lonworks, digital multiplexer (DMX), knx, national electrical manufacturers association (NEMA), power line communication (plc) and digital addressable lighting interface (DALI).
Based on product the market is categorized into HVAC control, security and access control, entertainment control, lighting control and other controls. Furthermore, HVAC control divided into smart vents, pumps & fans, actuators, dampers, heating and cooling coils, control valves, sensors and smart thermostats. Security and access control is categorized into access control and video surveillance. Entertainment control is further segmented into touch screens and keypads, home theater system controls and audio, volume, & multimedia controls. Lighting control segregated into relays, switches, dimmers, timers, daylight sensors, occupancy sensors, accessories and other products. Other controls segmented into smoke detectors, smart locks, smart hubs, smart plugs and smart meters.
This industry report analyzes the market estimates and forecasts of all the given segments on global as well as regional levels presented in the research scope. The study provides historical market data for 2014, 2015 revenue estimations are presented for 2016 and forecasts from 2017 till 2025. The study focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. With comprehensive market assessment across the major geographies such as North America, Europe, Asia Pacific, Middle East, Latin America and Rest of the world the report is a valuable asset for the existing players, new entrants and the future investors.
The study presents detailed market analysis with inputs derived from industry professionals across the value chain. A special focus has been made on 23 countries such as U.S., Canada, Mexico, U.K., Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, South Africa, etc. The market data is gathered from extensive primary interviews and secondary research. The market size is calculated based on the revenue generated through sales from all the given segments and sub segments in the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.
This report provides data tables, includes charts and graphs for visual analysis.
- Rest of Europe
- New Zealand
- Rest of Asia Pacific
- Saudi Arabia
- Rest of Middle East
- Rest of Latin America
Rest of the World
- The report provides a detailed analysis on current and future market trends to identify the investment opportunities
- Market forecasts till 2025, using estimated market values as the base numbers
- Key market trends across the business segments, Regions and Countries
- Key developments and strategies observed in the market
- Market Dynamics such as Drivers, Restraints, Opportunities and other trends
- In-depth company profiles of key players and upcoming prominent players
- Growth prospects among the emerging nations through 2025
- Market opportunities and recommendations for new investments
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