The global home automation system market is
predicted to touch USD 85 billion at
an 11% CAGR between 2018- 2023
states the recent Market Research Future (MRFR) analysis. A home automation
system, simply put, is a system comprising a network of hardware electronic
interfaces communication that combines software and hardware, which gives
control over a device and appliance to the user in the house premise. This
building automation is also known as smart home technology. The devices and
appliances are connected with one another with the help of the internet and
managed through a tablet or smartphone from miles away. Energy management
control, entertainment control, HVAC control, security and access control,
climate control, lighting control, and others are the different type of home automation
technology.
Various factors are propelling the global home
automation system market share. As per the current MRFR report,
such factors include the booming IoT market, presence of several eminent
manufacturers expanding portfolios, rising significance of home monitoring from
remote locations, cost reduction measures, and demand for smart home systems
and home automation appliances.
Key Players
Eminent home automation system companies profiled in the
global home automation system market report include Siemens Ag (Germany),
Samsung Electronics Co., Ltd. (South Korea), ABB Ltd. (Switzerland), Schneider
Electric Se (France), Legrand (France), Crestron Electronics, Inc. (U.S.),
United Technologies Corporation (U.S.), Johnson Controls Inc. (U.S.), Acuity
Brands, Inc. (U.S.), Honeywell International Inc. (U.S.), among others.
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Market Segmentation
The MRFR report provides an inclusive segmental analysis of
the global home automation system market based on protocol and technology,
software and algorithm, and product.
·
By product, the global
home automation system market is segmented into energy management control,
entertainment control, HVAC control, security and access control, climate
control, lighting control, and others. Of these, the entertainment segment will
lead the market over the forecast period.
·
By protocol
and technology, the global home automation system market is segmented
into network and wireless. The network technology is further segmented into LTE
network, GSM/HSPA, and CDMA. The wireless technology is further segmented into
Bluetooth, Wi-Fi, Z-wave, Zigbee, and IR. The protocol segment is again
segmented into BACnet, LONWORKS, Ethernet, digital addressable lighting
interface (DALI), among others.
·
By software
and algorithm, the global home automation system market is segmented into
proactive and behavioral. Of these, the proactive segment will spearhead the
market over the forecast period.
Regional Analysis
Based on the region, the global home automation system market
report covers the growth opportunities and recent trends across the Asia
Pacific (APAC), North America, Europe, & the Rest of the World (RoW). Among
these, North America will lead the market over the forecast period.
The home automation system market in the APAC region is
predicted to have notable growth over the forecast period. The presence of
several new residential projects, strengthening of building infrastructure, the
presence of a massive end user base in South Korea and Japan, burgeoning demand
for energy management systems, and increasing investments in infrastructure to
augment the standard of living are adding to the global home automation system
market growth in the region.
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TABLE OF CONTENTS:
1.
Market Introduction
2.
Research Methodology
3.
Market Dynamics
4.
Executive Summary
5.
Market Factor Analysis
6.
Home Automation System Market, By Segments
7.
Competitive Analysis
Continued…
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