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November 10, 2020

Home Automation System Market Highlighting Regional Revenue Share Dominance During 2020-2027

The Global Home Automation System Market is projected to reach around USD 141.7 Billion by 2027 at a CAGR of around 12.5%.

Home automation is the automatic and electronic control of household activity, features, and appliances. In other words, customer can easily control the utilities and features of home via Internet to make life more convenient, secure, and even spend less on household bills. There are three main components of home automation system: sensors, controllers, and actuators. Sensors monitors various changes in daylight, temperature, or motion detection. Home automation systems can then adjust those settings as per customer preferences. Controllers of the devices means the smartphone or personal computer is used for send or receive the message of the status. Moreover, actuators may be light switches, motors, or motorized valves that control the actual mechanism, or function, of a home automation system.

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Home Automation System Market: Drivers & Restraint

Market Driver:

  • Rising Demand of Smartphone and Smart Gadgets

Home automation system is mainly used for comfort, convenience, safety, and security. In the current scenario, home automation system is mostly operating on wireless technologies such as Wi-Fi and Bluetooth. Every smartphone consists of wireless technologies to operate such home operating system. Increasing population increases the demand od smartphones and smart gadgets to control such systems. The software of the home automation systems based on different smartphone operating system-based applications. These applications will help to control each and every part of the automation system and hence, demand of smartphone & smart gadgets are expected to drive the market during the forecast period.

Market Restraint:

  • High Initial Investment

The home automation system requires various types of systems, controllers, and software to be installed in personal computers, smartphone, or in smart gadgets. These sensors and controllers are costly due to their features and operating performance. These systems were not produced and installed in large scale and demanded a lot of interventions like rewiring all the house. Wireless home automation system consists of various wireless controllers and systems which are need to be installed on various systems of the house. Hence, it will have expected to hamper the growth of the home automation system market during the forecast period.

Home Automation System Market: Key Segments

  • By Product: Security & Access Control, Lighting Control, Climate Control, Energy Management Control, HVAC Control, Entertainment Control, and Others
  • By Technology: Network technology and Wireless Technology
  • Based on Region Covers: North America, South America, Europe, Asia-Pacific, and Middle East & Africa with individual country-level analysis.

Home Automation System Market: Report Scope

The report on the home automation system market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

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List of the leading companies operating in the Home Automation System Market include:

  • Honeywell International Inc. (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • Siemens
  • ABB
  • SAMSUNG
  • Schneider Electric
  • Legrand
  • Carrier
  • Johnson Controls
  • ACUITY BRANDS LIGHTING, INC.
  • Ingersoll-Rand plc
  • Wirepath Home Systems, LLC, dba Control4
  • Crestron Electronics, Inc.
  • Lutron Electronics Co., Inc.
  • Savant Systems LLC
  • Remote Technologies Inc.
  • Nortek Security & Control, LLC
  • Havells India Ltd.
  • Other Key Companies

Home Automation System Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Home Automation System Market, by Technology

  • Network Technology
    • GSM Network
    • CDMA Network
    • LTE Network
  • Wireless Technology
    • Wi-Fi
    • Bluetooth
    • Zigbee
    • Z-Wave
    • Others (Thread, EnOcean, UPB)

Home Automation System Market, by Product

  • Security & Access Control
  • Lighting Control
  • Climate Control
  • Energy Management Control
  • HVAC Control
  • Entertainment Control
  • Others

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Home Automation System Market by Region

  • Asia-Pacific (China, Japan, South Korea, India, Taiwan, Rest of Asia-Pacific)
  • North America (US, Canada, Mexico)
  • Europe (Germany, Russia, France, Italy, UK, Spain, The Netherlands, Rest of Europe)
  • Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)
  • South America (Brazil, Argentina, Rest of South America)

Key Questions Answered by the Report

  • What are the prominent developments affecting the market globally and its growth?
  • What will be the impact of the developments in the market on the industry and the market players in the future?
  • What are the evolving variations of the market worldwide?
  • What are the evolving functions of the market globally?
  • What are the prominent aspects that will affect market growth globally during the study period?
  • Who are the key players operating in the market across the world?
  • How are the key players leveraging in the present market scenario globally?

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Table of Content

  1. INTRODUCTION
    1. Research Objectives
    2. Market Definition
    3. Research Scope
    4. Regional Coverage
    5. Research Timeline
    6. Assumptions
    7. Limitations
  1. RESEARCH DESIGN & SCOPE
    1. Introduction
    2. Primary Research
      1. Key Industry Expert Insight
    3. Secondary Research
      1. Vital Data from Secondary Sources
    4. Market Size Estimation
    5. Data Validation & Triangulation
  2. EXECUTIVE SUMMARY
  3. MARKET DYNAMICS
    1. Introduction
    2. Drivers
      1. Rising Demand of Smartphones and Smart Gadgets
      2. Rising Internet of Things (IoT) Market
    3. Restraint
      1. High Initial Investment of Home Automation System
    4. Opportunities
      1. Favorable Government Regulations
    5. Challenges
      1. Connectivity Issues in Wireless Home Automation System
  4. INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
    1. Introduction
      1. Power of Buyers
      2. Power of Suppliers
      3. Intensity of Competition
      4. Challenges of Substitutes
      5. Challenges of New Entrants
    2. Use Cases
    3. Standards & Protocols
      1. Digital Addressable Lighting Interface (DALI)
      2. KNX
      3. Black Box
      4. National Electrical Manufacturers Association (NEMA)
      5. LonWorks
  5. HOME AUTOMATION SYSTEM MARKET BY TECHNOLOGY, Market Size, USD Million (2019-2027)
    1. Introduction
    2. Network Technology
      1. GSM Network
      2. CDMA Network
      3. LTE Network
    3. Wireless Technology
      1. Wi-Fi
      2. Bluetooth
      3. Zigbee
      4. Z-Wave
      5. Others (Thread, EnOcean, UPB)
  6. HOME AUTOMATION SYSTEM MARKET BY PRODUCT, Market Size, USD Million (2019-2027)
    1. Introduction
    2. Security & Access Control
    3. Lighting Control
    4. Climate Control
    5. Energy Management Control
    6. HVAC Control
    7. Entertainment Control
    8. Others
  7. HOME AUTOMATION SYSTEM MARKET BY REGION, Market Size, USD Million (2019-2027)
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Europe
      1. Germany
      2. France
      3. Italy
      4. UK
      5. Russia
      6. Norway
      7. Rest of Europe
    3. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. Taiwan
      5. South Korea
      6. Rest of Asia-Pacific
    4. Middle East and Africa
      1. Saudi Arabia
      2. UAE
      3. Rest of Middle East and Africa
    5. South America
      1. Brazil
      2. Argentina
      3. Rest of South America
  8. COMPETITIVE LANDSCAPE
    1. Introduction
    2. Market Ranking/Share Analysis of Key Companies
    3. Company Benchmarking
  9. COMPANY PROFILES
    1. Honeywell International Inc.
      1. Company Overview
      2. Financial Overview
      3. Products/Solutions/Services Offered
      4. Key Developments
      5. SWOT Analysis
    2. Siemens
    3. ABB
    4. SAMSUNG
    5. Schneider Electric
    6. Legrand
    7. Carrier
    8. Johnson Controls
    9. ACUITY BRANDS LIGHTING, INC.
    10. Ingersoll-Rand plc
    11. Wirepath Home Systems, LLC, dba Control4
    12. Crestron Electronics, Inc.
    13. Lutron Electronics Co., Inc.
    14. Savant Systems LLC
    15. Remote Technologies Inc.
    16. Nortek Security & Control, LLC
    17. Havells India Ltd.
    18. Other Key Companies
  10. APPENDIX
    1. Key Industry Expert Insights
    2. Primary Discussion Guide
    3. Customization Options

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November 10, 2020, 13:27
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