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Global Home Automation System Market: By Type: Managed Home Automation Systems, Mainstream Home Automation Systems, DIY Home Automation Systems, Luxury Others; By Application; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Home Automation System Market Outlook

The global home automation system market reached a value of about USD 56.2 billion in 2020. The market is further expected to grow at a CAGR of nearly 8% in the forecast period of 2022-2027 to reach a value of approximately USD 89 billion by 2026.

 

Home Automation System Market

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The Asia Pacific home automation system market is likely to see a substantial growth rate during the forecast period of 2022-2027. 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.

 

Properties and Applications

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.

 

Home Automation System Market by Type

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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.

 

Home Automation System Market by Region

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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 industry based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Application, Region
Breakup by Type Managed Home Automation Systems, Mainstream Home Automation Systems, DIY Home Automation Systems, Luxury (custom) Home Automation Systems
Breakup by Application Lighting Control, Security and Access Control, HVAC Control, Entertainment and Other Controls
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Siemens Aktiengesellschaft, Honeywell International Inc, Schneider Electric SE, ABB Ltd, Samsung Electronics, Johnson Controls Inc, Legrand North America, LLC, Others
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.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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 (2017-2021) 
    8.3    Global Home Automation System Market Forecast (2022-2027)
    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 (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Mainstream Home Automation Systems
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    DIY Home Automation Systems
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
        8.4.4    Luxury (custom) Home Automation Systems
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2017-2021)
            8.4.4.3    Forecast Trend (2022-2027)
    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 (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Security and Access Control
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    HVAC Control
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
        8.5.4    Entertainment and Other Controls
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2017-2021)
            8.5.4.3    Forecast Trend (2022-2027)    
    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 (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        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 (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        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 (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        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 (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        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 (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        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    EMR’s Key Indicators for Demand
    10.4    EMR’s 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 Figures and Tables

1.    Global Home Automation System Market: Key Industry Highlights, 2016 and 2026
2.    Global Home Automation System Historical Market: Breakup by Type (USD Billion), 2017-2021
3.    Global Home Automation System Market Forecast: Breakup by Type (USD Billion), 2022-2027
4.    Global Home Automation System Historical Market: Breakup by Application (USD Billion), 2017-2021
5.    Global Home Automation System Market Forecast: Breakup by Application (USD Billion), 2022-2027
6.    Global Home Automation System Historical Market: Breakup by Region (USD Billion), 2017-2021
7.    Global Home Automation System Market Forecast: Breakup by Region (USD Billion), 2022-2027
8.    North America Home Automation System Historical Market: Breakup by Application (USD Billion), 2017-2021
9.    North America Home Automation System Market Forecast: Breakup by Application (USD Billion), 2022-2027
10.    North America Home Automation System Historical Market: Breakup by Country (USD Billion), 2017-2021
11.    North America Home Automation System Market Forecast: Breakup by Country (USD Billion), 2022-2027
12.    Europe Home Automation System Historical Market: Breakup by Application (USD Billion), 2017-2021
13.    Europe Home Automation System Market Forecast: Breakup by Application (USD Billion), 2022-2027
14.    Europe Home Automation System Historical Market: Breakup by Country (USD Billion), 2017-2021
15.    Europe Home Automation System Market Forecast: Breakup by Country (USD Billion), 2022-2027
16.    Asia Pacific Home Automation System Historical Market: Breakup by Application (USD Billion), 2017-2021
17.    Asia Pacific Home Automation System Market Forecast: Breakup by Application (USD Billion), 2022-2027
18.    Asia Pacific Home Automation System Historical Market: Breakup by Country (USD Billion), 2017-2021
19.    Asia Pacific Home Automation System Market Forecast: Breakup by Country (USD Billion), 2022-2027
20.    Latin America Home Automation System Historical Market: Breakup by Application (USD Billion), 2017-2021
21.    Latin America Home Automation System Market Forecast: Breakup by Application (USD Billion), 2022-2027
22.    Latin America Home Automation System Historical Market: Breakup by Country (USD Billion), 2017-2021
23.    Latin America Home Automation System Market Forecast: Breakup by Country (USD Billion), 2022-2027
24.    Middle East and Africa Home Automation System Historical Market: Breakup by Application (USD Billion), 2017-2021
25.    Middle East and Africa Home Automation System Market Forecast: Breakup by Application (USD Billion), 2022-2027
26.    Middle East and Africa Home Automation System Historical Market: Breakup by Country (USD Billion), 2017-2021
27.    Middle East and Africa Home Automation System Market Forecast: Breakup by Country (USD Billion), 2022-2027
28.    Global Home Automation System Market Structure

Key Questions Answered in the Report

The global home automation system market reached a value of USD 56.2 billion in 2020. 

The market is projected to grow at a CAGR of nearly 8% in the forecast period of 2022-2027.

The market is estimated to reach a value of about USD 89 billion by 2026.

The major drivers of the industry include rising disposable incomes, increasing population, rising construction industry, rising living standards, rising use of the Internet of Things (IoT) in these systems, as well as the availability of affordable home automation solutions.

The rising adoption of the systems, especially in the Asia Pacific region, is expected to be a key trend guiding the growth of the industry.

North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market, with the Asia Pacific growing at the fastest rate.

The major types include managed, mainstream, DIY, and luxury (custom) home automation systems.

The major application sectors in the industry include lighting control, security and access control, HVAC control, and entertainment and other controls.

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 56.2 billion in 2020, 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 2022-2027, growing at a CAGR of 8%. The industry is projected to reach USD 89 billion by 2026. 

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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