Home Automation System Market Research Report – Forecast to 2027

Home Automation System Market Research Report, By Protocol & Technology (Network and Wireless), By Product (Lighting, Security and Access Control, HVAC and Entertainment Control), Software & Algorithm (Behavioral and Proactive)- Forecast till 2027

ID: MRFR/SEM/4624-HCR | February 2021 | Region: Global | 100 pages

Market Scenario


Today, technology has become an integral part of people’s lives and with the advancement of automation technology life has become simpler and easier in all aspects. In today’s era Automatic systems are being preferred over manual system. Home automation system is growing rapidly as it provides comfort, convenience, better quality of life and security for people. Home automation system makes the operations of various home appliances convenient and saves energy. It involves automatic controlling of all electronic devices in homes or even remotely through wireless communication. Home automation systems facilitate centralized control of lighting, HVAC (Heating, ventilation, and air conditioning), audio/video systems, security systems, kitchen appliances and all other equipment used in home systems. This system is implemented with the help of sensors, controlling devices, and actuators. The sensors are capable of detecting light, motion, temperature and others sensing elements, and then send that data to the primary controlling devices. Controllers can be personal computers/laptops, touchpads, smartphones and other devices which are attached to the controlling devices like programmable-logic controllers that receive information from the sensors, and based on the program, control the actuators.


The home automation system market is expected to witness growth in the forecast period due to advancement in technology. There has been a rapid increase in the number of internet users over the past decade. Also, the widespread use of smartphones and the emergence of IoT technology are the major driving factors for the growth of home automation market. However, lack of awareness about home automation products and high initial investments in home automation may restraint the adoption of home automation systems.


The Global Home Automation System Market, 2019-2026 (USD Billion)


 Home Automation System Market


Source: MRFR Analysis


Global Home Automation System market is expected to reach approximately USD 65,626.30 Billion by 2026 growing at a 12.35% CAGR over the forecast period 2019-2026.


Key Players


Some of the key players of Home Automation System market include Honeywell International Inc. (U.S.), Acuity Brands, Inc. (U.S.), Johnson Controls Inc. (U.S.), United Technologies Corporation (U.S.), Crestron Electronics, Inc. (U.S.), Legrand (France), Schneider Electric Se (France), ABB Ltd. (Switzerland), Samsung Electronics Co., Ltd. (South Korea), Siemens Ag (Germany), among others.


 The prominent players keep innovating and investing in research and development to present cost-effective offerings. Merger and acquisitions among the various players are changing the market structure.


Segmentation


By Product, the market is segmented into Lighting Control, Climate Control, Security and Access Control, HVAC Control, Entertainment Control, Energy Management Control and others.


By Protocol & Technology, the market is into Network and Wireless. By Network Technology, the market is segmented into CDMA, GSM/HSPA, LTE network. By Protocol, the market is segmented into Digital Addressable Lighting Interface(DALI),Ethernet, LONWORKS, BACnet among others. By Wireless Technology market is segmented into IR, Zigbee, Z-wave, Wi-Fi, Bluetooth, etc.


By Software & Algorithm market is segmented into Behavioral and proactive.


Regional Analysis


The geographical analysis of Home Automation System market is studied for North America, Europe Asia Pacific and the rest of the world.


North America is expected to dominate the home automation system market during the forecast period due to the presence of major key players such as United Technologies Corporation (U.S.), Honeywell International Inc. (U.S.), Johnson Controls Inc. (U.S.), Crestron Electronics, Inc. (U.S.), Acuity Brands, Inc. (U.S.) and others. Also, the rising demand for domestic energy management systems in this region is another major driving factor for the growth of the market. APAC region is expected to witness a healthy growth due to increasing number of new residential projects.


Target Audience



  • Automation & control vendors

  • Automation & control networking technology vendors

  • Real estate builders

  • System integrators

  • Homeowners

  • Project consultants

  • Designers/consultants (HVAC, security, and fire & safety)

  • Component manufacturers (sensors & controls)

  • Software and solution providers

  • Home management systems (product & service providers)

  • Associations & standards

  • Government bodies involved in green buildings



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 65,626.30 Billion (2027)
  CAGR   12.35% (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Protocol & Technology, Product, Software & Algorithm
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Honeywell International Inc. (U.S.), Acuity Brands, Inc. (U.S.), Johnson Controls Inc. (U.S.), United Technologies Corporation (U.S.), Crestron Electronics, Inc. (U.S.), Legrand (France), Schneider Electric Se (France), ABB Ltd. (Switzerland), Samsung Electronics Co., Ltd. (South Korea), Siemens Ag (Germany)
  Key Market Opportunities   lack of awareness about home automation products and high initial investments in home automation
  Key Market Drivers

  • widespread use of smartphones and the emergence of IoT technology
  • advancement in technology


  • Frequently Asked Questions (FAQ) :


    Global home automation system market is projected to grow at approximately 11% CAGR during the assessment period (2018 -2023).

    The valuation of the global home automation system market is estimated to increase to USD 46.85 BN by the end of 2023.

    Advancement in technology, rapid increase in the number of internet users, and the emergence of IoT technology are tailwinds pushing the growth of the global home automation system market.

    Acuity Brands, Inc. (U.S.), Honeywell International Inc. (U.S.), Johnson Controls Inc. (U.S.), Crestron Electronics, Inc. (U.S.), United Technologies Corporation (U.S.), Legrand (France), ABB Ltd. (Switzerland), Schneider Electric Se (France), Samsung Electronics Co., Ltd. (South Korea), and Siemens Ag (Germany), are some of the top players operating in the global home automation system market.

    North America is expected to hold the highest market share in the global home automation system market.