According to a market report by Lucintel, the future of the global home automation market looks promising with opportunities in the safety & security, entertainment, HVAC control, and lighting markets. The global home automation market is expected to reach an estimated $200 billion by 2035 with a CAGR of 9.7% from 2026 to 2035. The major drivers for this market are the increasing demand for smart home convenience, the growing demand for voice-controlled devices, and the rising demand for trend of connected living spaces.
A more
than 150-page report to understand trends, opportunity and forecast in global home
automation market to 2035 by type (managed service, luxury, mainstream, and
DIY), technology (wired and wireless), application (safety & security,
entertainment, HVAC control, lighting, and others), and region (North America, Europe,
Asia Pacific, and the Rest of the World).
Lucintel
forecasts that, within the type category, managed service is expected to
witness the highest growth over the forecast period due to rising demand for
remote home management solutions.
Within the
application category, safety & security is expected to witness the highest
growth due to increasing concern for residential safety and surveillance.
Download
sample by clicking on home automation
market.
In terms
of regions, APAC is expected to witness the highest growth over the forecast
period due to rapid urbanization and smart city development initiatives.
ADT
Corporation, Honeywell International Inc., Control4 Corporation, United Technologies
Corporation, Siemens AG, Schneider Electric, Acuity Brands, Crestron
Electronics Inc., AMX Inc., Monitronics International 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. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
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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