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Global Home Automation System Market Share, Size, Growth: By Type: Managed Home Automation Systems, Mainstream Home Automation Systems, DIY Home Automation Systems, Luxury (custom) Home Automation Systems; By Application; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Global Home Automation System Market Outlook
The global home automation system market reached a value of about USD 76.46 billion in 2023. The market is further expected to grow at a CAGR of nearly 8% in the forecast period of 2024-2032 to reach a value of approximately USD 152.84 billion by 2032.
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The Asia Pacific home automation system market is likely to see a substantial growth rate during the forecast period of 2024-2032. The home automation system market in this region is projected to be fuelled by the growing adoption in India, which is estimated to increase at a positive pace during the forecast period. In addition, other Asian countries, such as Indonesia, Taiwan, and South Korea, are expected to boost the development of the market in that region during the forecast period.
Market Segmentation
Home automation includes integrating smart technology into homes for health, comfort, and energy conservation. This includes the monitoring and computerisation of lighting, heating, ventilation, as well as air conditioning (HVAC) and protection systems. Over time, digitalisation has raised consumer spending on home automation systems that allow homeowners to manage, track, and automate the various devices, appliances, and systems all over the house with just a touch of a button. The development of automated homes has resulted in streamlined and unified process control, making the lives of consumers more secure and convenient.
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These systems find their applications in the following segments:
- Lighting Control
- Security and Access Control
- HVAC Control
- Entertainment and Other Controls
Based on type, the market can be divided into the following:
- Managed Mainstream
- DIY
- Luxury (Custom)
The regional markets for home automation systems include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
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Market Analysis
Home automation systems are gaining popularity around the globe due to their various benefits, like notifying users of intruders in their homes, which in effect helps deter future crimes. These also help to reduce energy usage and increase operating efficiency. In addition, the rising living standards and the availability of affordable home automation solutions have enabled customers in all segments of income to install these systems in their homes. Moreover, with the use of the Internet of Things (IoT) in these systems, anything from appliances to security systems can be operated by smart home apps. This technology also enables users to track their home from another location using a computer, tablet, or smartphone app. As a result, several technology giants, including Apple, Google, Microsoft, and Samsung, have invested in the home automation business. All these factors are contributing to the growth of the overall home automation system market.
Competitive Landscape
The report gives a detailed analysis of the following key players in the global home automation system market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Siemens Aktiengesellschaft
- Honeywell International Inc
- Schneider Electric SE
- ABB Ltd
- Samsung Electronics
- Johnson Controls Inc
- Legrand North America, LLC
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report; |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 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
Key Questions Answered in the Report
The global home automation system market reached a value of USD 76.46 billion in 2023.
The market is projected to grow at a CAGR of nearly 8% in the forecast period of 2024-2032.
The market is estimated to reach a value of about USD 152.84 billion by 2032.
The major market drivers include the growing disposable incomes, the increasing availability of affordable home automation systems, and the rising deployment of the Internet of things (IoT) in home automation systems.
The growing demand for home automation systems in emerging economies, the rising awareness regarding the benefits of home automation systems, and the surging living standards of the middle class population are the key trends guiding the growth of the market.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.
The major types of home automation system in the market include managed home automation systems, mainstream home automation systems, DIY home automation systems, and luxury (custom) home automation systems.
Lighting control, security and access control, HVAC control, and entertainment and other controls are the significant applications of home automation systems.
The leading players in the market are Siemens Aktiengesellschaft, Honeywell International Inc, Schneider Electric SE, ABB Ltd, Samsung Electronics, Johnson Controls Inc, and Legrand North America, LLC, among others.
Analyst Review
The global home automation system market attained a value of USD 76.46 billion in 2023, driven by the increased penetration of internet. Aided by the rising demand for security and surveillance, the industry is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 8%. The industry is projected to reach USD 152.84 billion by 2032.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on its types, the market can be segmented into managed, mainstream, DIY, and luxury (custom) home automation systems. On the basis of application, the industry can be segmented into lighting control, security and access control, HVAC control, and entertainment and other controls. The major regional markets for the system are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with the Asia Pacific witnessing the fastest growth. The key players in the above industry include Siemens Aktiengesellschaft, Honeywell International Inc, Schneider Electric SE, ABB Ltd, Samsung Electronics, Johnson Controls Inc, and Legrand North America, LLC, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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