The Global Home Automation Market Report by The Business Research Company covers home automation market drivers and restraints, home automation market size, major players, and the impact of COVID-19 on the home automation market.

The home automation market consists of sales of home automation devices by entities (organizations, sole traders, and partnerships) that use hardware and software technologies that allow users to control and manage their home’s appliances and devices. A home automation system is a technological solution that allows the majority of electrical, electronic, and technology-based activities in a home to be automated. Home automation is also referred to as domotics, and a home equipped with an automation system is referred to as a smart home.

The global home automation market is expected to grow from $48.52 billion in 2020 to $54.41 billion in 2021 at a compound annual growth rate (CAGR) of 12.1%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The home automation market is expected to reach $85.42 billion in 2025 at a CAGR of 11.9%.

The increasing use of internet of things (IoT) devices in a home automation system is expected to propel the growth of the home automation market in the forecast period. The Internet of Things based home automation system uses internet protocols or cloud computing to operate the entire smart home’s equipment. The IoT-based home automation system has numerous advantages over wired systems, including flexibility, ease-of-installation, avoidance of the complexity of flowing through wires or weak electrical wiring, easy problem detection and triggering, and, most all, mobility.

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Some home automation market trends include growing technological advancements. Major companies operating in the home automation sector are focused on developing technological solutions for home automation to strengthen their position.

Global home automation market segments include:

1) By Product: Lighting Control, Security And Access Control, HVAC Control, Entertainment, Others

2) By Technology: Wired Home Automation System, Wireless Home Automation System

3) By End User: Residential, Commercial, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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The Home Automation Global Market Report 2021: COVID-19 Growth And Change is one of a series of new reports from The Business Research Company that provides home automation market overviews, analyzes and forecasts market size, share, home automation market players, home automation market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The home automation identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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Read Home Automation Global Market Report 2021: COVID-19 Growth And Change from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries

Market Players Covered: ABB, Crestron Electronics Inc., Schneider Electric, Honeywell International Inc., Johnson Controls Inc., Siemens AG, Legrand, Control4, Home Brain, Savant Systems Inc., Lutron Electronics Company, Sauter AG, United Technologies Corporation, Bosch Security and Safety Systems, Silvan Innovation Labs, Elan Home Systems LLC, Fueb, and Harman International.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.

Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.

Strategies For Participants In The Home Automation Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.

Opportunities For Companies In The Home Automation Sector: The report reveals where the global industry will put on most $ sales up to 2023.

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