According to the recent study the Home Automation Market is projected to reach an estimated $133 billion by 2030 at a CAGR of 9.8% from 2023 to 2030. Growth in this market is primarily driven by increasing consumer need for simplicity of functioning and personalized experience, increasing awareness related to safety and security, and the growing adoption of cloud-based technologies.
Browse 73 figures/charts and 85 tables in this 157-page report to
understand trends, opportunities and forecast in home automation market by
application (safety and security, entertainment control, lighting, HVAC
control, and others), by installation type (managed service, luxury,
mainstream, and DIY), by technology (wired and wireless), and by region (North
America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that
the safety and security market is expected to remain the largest segment due to
the increasing need for continuous monitoring services to reduce the risk of
crime, burglary, and theft. The entertainment segment is expected to experience
the highest growth rate during the forecast period, supported by the increasing
need of advanced technology to provide single platform for high level of
control, flexibility, and to deliver the best entertainment experience.
Managed service is
expected to remain the largest installation type segment due to the increasing
demand for 24/7 monitoring service. Lucintel predicts that the mainstream
segment is expected to experience the highest growth rate during the forecast
period, supported by its easy configuration and less installation cost.
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Home Automation Market
North America is
expected to remain the largest region during the forecast period due to the
increasing usage of technologies and digitalization in the US and Canada. Asia
Pacific is expected to witness the highest growth over the forecast period
because of increasing awareness on safety, security, and energy efficiency.
ADT Corporation,
Control4 Corporation, United Technologies Corporation, Honeywell, Johnson
Control, Siemens AG, Acuity Brands, AMX Inc., Monitronics International, ivint
Inc are the major suppliers in the home automation market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972 636 5056
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