Global Home Automation Market Outlook, Opportunities And Strategies

November 10, 2021 by The Business Research Company

Learn about the global home automation market through The Business Research Company, which provides information on home automation market size, home automation market drivers and restraints, home automation market players, the COVID-19 impact on the home automation market, and more.

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 are expected to drive innovation in home automation manufacturing, thus driving the market during the forecast period.

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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.

Global home automation market segments include:

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

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

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. Among these regions, North America was the largest region in the home automation market in 2020.

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

TBRC’s home automation market report covers:

Major Market Players: 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)

The Home Automation Global Market Report 2021: COVID-19 Growth And Change to 2030 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, leading competitor revenues, profiles and market shares.

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

Here is a list of similar reports from The Business Research Company:

IoT Global Market Report 2021

Smart Home Devices Global Market Report 2021

Smart Lighting Global Market Report 2021

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