Growth Opportunities for the Global Home Automation Market
The future of the home automation market looks attractive with opportunities in the safety andsecurity, HVAC, entertainment, and lighting control applications. The global home automationmarket is expected to reach an estimated $75.2 billion by 2022 with a CAGR of 11.4% from 2017to 2022. The major growth drivers for this market are increasing consumer need for simplicity anda personalized experience, growing awareness related to safety and security, and the adaption ofcloud-based technologies.
To this market, home automation and control systems are used in the safety and security,entertainment control, lighting, and HVAC control applications. Lucintel forecasts that the safetyand security market is expected to remain the largest segment due to the increasing need forcontinuous monitoring services to reduce the risk of crime, burglary, and theft. The entertainmentsegment is expected to experience the highest growth rate during the forecast period, supportedby the increasing need for advanced technology to provide a single platform to deliver a high levelof control, flexibility, and the best entertainment experience.Within the home automation market by installation type, managed service is expected to remainthe largest installation type due to the increasing demand for 24/7 monitoring services. Lucintelpredicts that the mainstream segment is expected to experience the highest growth rate duringthe forecast period because of its easy configuration and lower installation cost.
This unique report from Lucintel will provide you with valuable information, insights, and toolsneeded to identify new growth opportunities and operate your business successfully in thismarket. This report will save hundreds of hours of your own personal research time and willsignificantly benefit you in expanding your business in this market. In today’s challengingeconomy, you need every advantage that you can find.
Scope and Features of This Report:
To make critical business, investment, or strategic decisions, you need timely useful information.
This market report fulfills this core need and is an indispensable reference guide for materialsuppliers, product manufacturers, investors, executives, distributors, and more that operate in thismarket. Some of the features and scope of this report include the following:
Market size estimates: Growth opportunities in the global home automation market interms of value ($M) shipment.
Trend and forecast analysis: Global home automation market trend (2011-2016) andforecast (2017-2022) by region and segment
Segmentation analysis: Global home automation market size from 2011 to 2022 byapplication, installation type, technology, and region as follows:
Global home automation market size by application type:
Safety and Security
Global home automation market size by installation type:
Global home automation market size by technology type:
Global home automation market size by region:
The Rest of the World
Regional analysis: Global home automation market breakdown by key regions of NorthAmerica, Europe, Asia Pacific, and the Rest of the World
Growth opportunities: Analysis of growth opportunities in application, installation type,and technology.
Strategic analysis: This includes M&A, new product development, competitivelandscape, and expansion strategies of global home automation suppliers.
Emerging applications: Emerging applications of home automation in the global homeautomation market.Analysis of the competitive intensity of the industry based on Porter’s Five Forces model.