Factors such as the significantly growing IoT market, cost reduction measures enabled by home automation systems, presence of a large number of manufacturers expanding their product portfolios, and the increasing importance of home monitoring from remote locations are expected to drive the growth of the home automation system market. The global home automation system market was valued at USD 39.93 Billion in 2016 and is expected to grow at a CAGR of 11.3% during the forecast period. The base year considered for the study is 2016 and the forecast period is between 2017 and 2022. The objective of the report is to provide a detailed analysis of the home automation system market, based on network and technology, product, software & algorithm, and region. The report provides detailed information regarding major factors influencing the growth of the home automation system market. The report also gives a detailed overview of the value chain of the home automation system market and analyzes the market trends with the help of the Porter’s five forces analysis.
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The entertainment control market is anticipated to hold the largest share among different products segments in the home automation system market. The growth of the audio, volume, & multimedia room controls is driven by the convenience offered by these controls for managing as well controlling the entertainment systems in a house.
The proactive solutions segment is expected to hold the largest size of the home automation system market during the forecast period. The proactive solutions are specifically designed to enable consumers to understand energy patterns and take effective measures to reduce their consumption.
Target Audience of the Report:
- Automation & control vendors
- Automation & control networking technology vendors
- Real estate builders
- System integrators
- Project consultants
- Designers/consultants (HVAC, security, and fire & safety)
- Component manufacturers (sensors & controls)
- Software and solution providers
- Home management systems (product & service providers)
- Associations & standards
- Government bodies involved in green buildings
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Scope of the Report:
This research report categorizes the global home automation system market by network and technology, product, software & algorithm, and region.
Home Automation System Market, by Protocol and Technology:
- Network Technology
- GSM/HSPA Network
- CDMA Network
- LTE Network
- Protocol and Standards
- BLACK BOX
- Wireless Technology
Major players involved in the home automation system market include Legrand, Ingersoll-Rand PLC, Schneider Electric SE, and Honeywell International, Inc., ABB Ltd., Control4 Corporation, Crestron Electronics, Inc., Johnson Controls, Inc., and Siemens AG.