Home Automation
Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2015– 2025
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Description
Report Description
Home automation provides high end solutions and uses advanced digital technology to
automate our products and systems. Home automation provides better efficiency and better
performance in automating the home or our household activities to centralized control the
system. Consumers want to customized, they want professionally installed systems, which is at
their convenience and easy to use. They want to save time, prefer energy efficient or saving
products. In India, Honeywell and Tata Power Delhi Distribution announced their Automated
Demand Response (ADR) project for industrial and commercial facilities. With the help of
Honeywell technology, Tata Power Delhi distribution will link more than 160 buildings in its
distribution network. It would include power management during periods of peak consumption.
Recently, Swann One is launched by Swann security that allows users to control their security
cameras, lights, AC’s, locks through Swann One app. It is a multi-faceted home automation
system. This app is also compatible with cloud storage solutions and audio analytics. Mouser
Electronics is collaborating with Air Corp, TE Connectivity, and Factory Automation System to
announce a new Home and Factory Automation Series. This series is a part of Empowering
Innovation Together program, which would focus on that would focus on innovative automation
technologies that was only seen in science fiction TV shows or movies.
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Description
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Home Automation Market: Drivers & Restraints
Increase demand of smart phone based app for home automation, increase consumer
awareness about energy consuming products, technological advancement, convenience factor,
rapid mobile connectivity, urbanization, and change in lifestyle are the most important driving
factors, which are driving the growth of the home automation market. Since home automation
provides safety, security and high advance technology advance, the demand for home
automation market has increased.
Home automation products are not considered a necessity or a must buy. Their high initial
installation cost is also very high, which is acting as a barrier for home automation market.
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Home automation products are not considered a necessity or a must buy. Their high initial
installation cost is also very high, which is acting as a barrier for home automation market.
Home Automation Market: Segmentation
Home automation market is broadly classified on the basis of the following segments –
By Product:
•
Luxury home Automation System
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Description
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•
•
•
Mainstream Home Automation System
Managed Home Automation System
DIY(Do It Yourself Home Automation System)
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By Applications:
•
Safety and Security
•
Lighting
•
Entertainment (Audio and Video)
•
Heating, Ventilation and Air conditioning
•
Others
By Networking Technology:
•
Wired Home Automation System
•
Wireless Home Automation System
•
Computing Network Home Automation System
•
Others
Home Automation Market: Overview
The home automation market has grown substantially at a healthy CAGR due to advancement in
technology.
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Description
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With rising disposable income and increasing demand for high end products which are energy
consuming, home automation market is expected to grow globally. North America will emerge
as the fastest growing region in home automation market in the forecast period.
Home Automation Market: Region-wise Outlook
The home automation market is expected to register a double-digit CAGR for the forecast
period. Depending on geographic regions, home automation market is segmented into seven
key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan,
and Middle East & Africa. North America dominates the global home automation due to
advancement in technology, consumer awareness and fast internet connectivity. North America
is followed by Europe and Asia Pacific in the home automation market globally.
Home Automation Market: Key Players
Some of the key market players in home automation market are AMX, ADT Pulse, Control4
Corporation, Crestron, Vera, HomeSeer, SmartThings, Frontpoint, Savant, Siemens AG, Johnson
Controls, Honeywell.
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