Home automation refers to a network of hardware, electronic interfaces, and communication systems that helps to integrate everyday devices through the internet. The home appliances such as doors, security systems, and other equipment consist of a sensor which is connected via Wifi for easy controlling of home appliances using a smartphone or tablet. The home automation systems mainly consist of three elements including sensors, controllers, and actuators. The sensors are used to monitor changes in room temperature, daylight, and are operated using controllers. These systems provide remote access, enhances the comfort level of the homes, increases safety, and are highly energy efficient.

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The significant factors contributing towards the growth of the Global Home Automation System Market include the growing adoption of the Internet of Things (IoT), especially in developed countries and the rapid increase in the number of smartphone and internet users across the globe. The rising consumer awareness regarding the energy-efficient home automation systems and the growing trend of home monitoring systems from remote locations will attract a large number of customers in the market. Various multinational giants are mainly focusing on expanding their product portfolio to capture the changing demand of the end-users. Continuous product development will create new opportunities in the market, thereby propelling the demand for home automation systems at the global level.

The growth in the electricity price is encouraging the consumer to opt for advanced home automation systems to save energy and reduce the electricity bill at the same time. The government in developing economies such as India and China are launching numerous initiatives to promote effective utilization and management of electricity consumption. For instance, China’s five-year plan targets on energy efficiency projects, and the European 2020 initiative focuses on reaching net-zero energy consumption in public and private buildings. The growing regulations implemented by several governments are promoting the adoption of smart automated controls during the forecast period. On the other hand, the high initial installation cost of the home automation systems will hamper the growth of the market.

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Based on the product, the entertainment and other controls segment is expected to grow at a higher CAGR during the forecast period owing to the high demand for smart meters and smoke detectors among the consumers across the globe. The rising popularity of smart plugs, smart hubs, and smart locks will have a positive influence on the demand of the market. Major market players, including Elan Home Systems, Creston Electronics, Inc., and Leviton Manufacturing Co, Inc., are focusing on continuous innovation in the home automation systems to gain a competitive advantage over other players. The expansion in the product portfolio will attract new customers who are looking for advanced entertainment systems such as smart speakers.

Based on the software & algorithm, the proactive segment is anticipated to lead the market during the forecast period. The proactive solutions are designed to enable users to understand energy patterns and take necessary measures to reduce their energy consumption. Proactive solutions are equipped with web-based software and displays which give additional information to the users, such as trends of energy usage, alarms, and goal tracking.

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Based on the region, the Asia-pacific region is anticipated to lead the market during the forecast period owing to the increasing number of residential construction projects followed by the growing need to strengthen the building infrastructure across the Asian countries. The rapidly growing population rate in countries such as Japan and South Korea is drastically increasing the demand for home automation systems in the region. Moreover, the growing demand for energy management systems among the customers to save energy and reduce the electricity bill will further drive the demand of the market.

Various notable players in the Home Automation System market include Honeywell International, Inc., Legrand S.A., Johnson Controls, Inc., Siemens AG, Schneider Electric SE, ABB Group, Ingersoll-Rand Plc, Lutron Electronics, Inc., Crestron Electronics Inc., and Control4 Corporation.

Key Developments:

• • In Sep 2019, Control4 Corporation launched Smart Home OS 3, specially designed to capture the growing demand of homeowners and industry. The system will provide a personalized experience with the option to connect all devices to a single platform.
  • In May 2019, Johnson Controls entered into the partnership with Evoteq to establish an end-to-end integrated AI platform for smart buildings and regions by combining their capabilities.In Mar 2019, Legrand UK & Ireland launched MYHOME Up, a home automation system, which provides services such as temperature control, lighting control, shading, audio, and door control. The app connectivity feature enables the contractor to install the home automation systems easily.

The Global Home Automation System market is segmented based on the product, software & algorithm, and region. Based on the product, the market is categorized into lighting control, security and access control, HVAC control, and entertainment & other controls. Based on lighting control, the market is further segmented into relays, occupancy sensors, daylight sensors, timers, dimmers, switches, and accessories & other products. Based on the security & access control, the market is further segmented into video surveillance, and access control. Video surveillance market is further segmented into hardware, software/video analytics, and services. The access control market is further segmented into biometric access control and non-biometric access control. The HVAC segment is further segmented into smart thermostats, sensors, control valves, heating and cooling coils, dampers, actuators, pumps & fans, and smart vents. The Entertainment & Other Controls segment is further segmented into entertainment control, and others control. The entertainment control is further categorized into Audio, Volume, & Multimedia Controls, Home Theatre System Controls, and Touchscreens and Keypads. The other controls segment is further categorised into Smart Meters, Smart Plugs, Smart Hubs, Smart Locks, and Smoke Detectors. Based on software & algorithm, the market is segmented into behavioural and proactive.

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Key questions answered in this research report:

• • At what pace is the Global Home Automation System market growing? What will be a growing trend in the future?
  • What are the key drivers and restraints in the Global Home Automation System market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the Global Home Automation System market?
  • Which product generated maximum revenues in 2019 and identify the most promising products during the forecast period?
  • What are the various products of the Global Home Automation System market, and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

 

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Product, By, Software & Algorithm, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Honeywell International, Inc., Legrand S.A., Johnson Controls, Inc., Siemens AG, Schneider Electric SE, ABB Group, Ingersoll-Rand Plc, Lutron Electronics, Inc., Crestron Electronics Inc., and Control4 Corporation; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

 

Market Segmentation

Global Home Automation System Market by Product

• • Lighting Control
    • Relays
    • Occupancy Sensors
    • Daylight Sensors
    • Timers
    • Dimmers
    • Switches
    • Accessories and Other Products
  • Security and Access Control
    • Video Surveillance
      • Hardware
        • Security Cameras
        • Storage Devices
        • Monitors
        • Accessories
      • Software/Video Analytics
      • Services
    • Access Control
      • Biometric Access Control
        • Facial Recognition
        • Iris Recognition
        • Fingerprint Recognition
        • Others
      • Non-Biometric Access Control
  • HVAC Control
    • Smart Thermostats
    • Sensors
    • Control Valves
    • Heating and Cooling Coils
    • Dampers
    • Actuators
    • Pumps & Fans
    • Smart Vents
  • Entertainment and Other Controls
    • Entertainment Control
      • Audio, Volume, & Multimedia Controls
      • Home Theatre System Controls
      • Touchscreens and Keypads
    • Other Controls
      • Smart Meters
      • Smart Plugs
      • Smart Hubs
      • Smart Locks
      • Smoke Detectors

Global Home Automation System market by Software & Algorithm

• • Behavioural
  • Proactive

Global Home Automation System market by Region

• • North America Home Automation System Market
    (Option 1: As a part of the free 25% customization)
    • North America Home Automation System Market by Product
    • North America Home Automation System Market by Software & Algorithm
    • US All-Up Home Automation System market
    • Canada All-Up Home Automation System market
  • Europe Home Automation System Market
    (Option 2: As a part of the free 25% customization)
    • Europe Home Automation System Market by Product
    • Europe Home Automation System Market by Software & Algorithm
    • United Kingdom (UK) All-Up Home Automation System market
    • Germany All-Up Home Automation System market
    • Spain All-Up Home Automation System market
    • France All-Up Home Automation System market
    • Rest of Europe All-Up Home Automation System market
  • Asia-Pacific Home Automation System Market
    (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Home Automation System Market by Product
    • Asia-Pacific Home Automation System Market by Software & Algorithm
    • China All-Up Home Automation System market
    • India All-Up Home Automation System market
    • Japan All-Up Home Automation System market
    • Rest of APAC All-Up Home Automation System market
  • ROW Home Automation System Market
    (Option 4: As a part of the free 25% customization)
    • RoW Home Automation System Market by Product
    • RoW Home Automation System Market by Software & Algorithm
    • Brazil All-Up Home Automation System market
    • South Africa All-Up Home Automation System market
    • Saudi Arabia All-Up Home Automation System market
    • UAE All-Up Home Automation System market
    • Rest of world (remaining countries of the LAMEA region) All-Up Home Automation System market

Global Home Automation System Market Leading Players (Option 5: Free 25% customization – Profiles of 5 Additional Companies of your Choice)

• • Honeywell International, Inc.
  • Legrand S.A.
  • Johnson Controls, Inc.
  • Siemens AG
  • Schneider Electric SE
  • ABB Group
  • Ingersoll-Rand Plc
  • Lutron Electronics, Inc.
  • Crestron Electronics Inc.
  • Control4 Corporation