Global Home Automation Market Data 2024, Forecast To 2033
21 Feb, 2024
The Home Automation market has experienced rapid growth, climbing from $66.04 billion in 2023 to $72.82 billion in 2024, marking a 10.3% CAGR. This expansion is attributed to heightened consumer awareness, convenience, energy efficiency, health and wellness, and improved data privacy. Future projections suggest further rapid growth to $109.34 billion in 2028, with a CAGR of 10.7%, driven by sustainable and green homes, health monitoring, sustainability focus, customization, and DIY automation kits. Key trends include smart hubs, IoT device expansion, security solutions, health monitoring, and DIY installations.
Global Home Automation Market Key Driver
The home automation market is set for growth due to the increasing usage of internet of things (IoT) devices in home automation systems. IoT-based home automation leverages internet protocols and cloud computing to operate smart home devices, offering flexibility, easy installation, and real-time problem detection. By 2030, an estimated 25.4 billion IoT devices will be in use, underlining the pervasive role of IoT in driving the home automation market.
Get A Free Sample Of The Global Home Automation Market ReportGlobal Home Automation Market Segments
The home automation market covered in this report is segmented –
1)By Product : Lighting Control, Security And Access Control, HVAC Control, Entertainment , Other Products
2)By Technology: Wired Home Automation System, Wireless Home Automation System
3)By End User: Residential, Commercial, Other End Users
By Geography: The regions covered in the template market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
North America was the largest region in the home automation market in 2023. The regions covered in the home automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Home Automation Industry Players
ABB; Crestron Electronics Inc.; Schneider Electric SE; Honeywell International Inc.; Johnson Controls Inc.; Siemens AG; Legrand Group; 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; Harman International; LG Electronics Inc.; August Inc.; HomeSeer Technologies LLC; Wink Labs Inc.; Amazon Inc.; Google Nest; ADT Inc.; Vivint Smart Home Inc.; SimpliSafe; Ring LLC; Ecobee; Somfy; Netatmo; SmartThings Inc.
Get The Full Global Home Automation Market ReportHome Automation Market Overview
Home automation refers to the electronic and automatic control of household activities, features, and equipment. is a network of hardware, communication, and electronic interfaces that enables the Internet-based integration of commonplace devices. Whether you are at home or thousands of miles away, you can handle each gadget from your smartphone or tablet because they each have sensors and are WiFi linked. Home automation is also referred to as domotics, and a home equipped with an automation system is referred to as a smart home.
Home Automation Global Market Report 2023 provides data on the global home automation market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The home automation market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.