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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 65.55 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 103.81 billion by 2032.

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 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.

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

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- 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, 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.

*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

What was the global home automation system market size in 2023?

The global home automation system market reached a value of USD 65.55 billion in 2023.

What is the growth rate of the global home automation system market?

The market is projected to grow at a CAGR of nearly 8% in the forecast period of 2024-2032.

What is the forecast outlook of the global home automation system market for 2024-2032?

The market is estimated to reach a value of about USD 103.81 billion by 2032.

What are the major market drivers?

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.

What are the key trends of the global home automation system market?

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.

What are the major regional markets of home automation system, according to the EMR report?

North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.

What are the major types of home automation system 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.

What are the significant applications of home automation system?

Lighting control, security and access control, HVAC control, and entertainment and other controls are the significant applications of home automation systems.

Who are the key market players, according to the report?

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 65.55 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 103.81 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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