Market Overview:
The global smart home automation market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for smart home devices, rising disposable income, and growing awareness about the benefits of smart home automation among consumers. Based on type, the global smart home automation market is segmented into cellular, wireless, and others. The cellular segment is expected to hold a major share of the market in 2018 owing to its high adoption rate and growing demand for connected devices across different applications such as security, lighting, entertainment, HVAC & energy management, and smart kitchen. Based on application, the global Smart Home Automation Market is segmented into security systems & alarms; lighting control; entertainment systems (smart TVs/AV receivers/streaming media players); HVAC&energy management (smart thermostats/HVAC controllers); and kitchen appliances (smart refrigerators/dishwashers). Among these applications segments, security systems & alarms are expected to witness highest growth during the forecast period due to increasing concerns about safety among consumers worldwide.
Product Definition:
A home automation system refers to a technology that allows one or more systems within a home to be controlled remotely. Smart Home Automation is the usage of such systems for automating various tasks and activities in order to provide homeowners with an efficient, comfortable, and secure living environment. The importance of Smart Home Automation cannot be overstated as it essentially allows people to manage their homes using smart devices and applications. This not only provides convenience but also enhances security by allowing homeowners to keep an eye on their homes even when they are not there.
Cellular:
Cellular is a wireless communication technology that uses radio waves to connect mobile devices and other smart home devices with the cloud. It helps in enhancing the performance of data transfer between two or more points without using wires. The technology has witnessed significant growth over the past few years owing to its wide range of applications such as voice calls, sharing information, media streaming, etc. In addition, it also provides high-speed internet access for smartphones and tablets in remote locations where conventional technologies fail to work.
Wireless:
The global wireless and it's usage in smart home automation market size was valued at USD 6.92 billion in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 14.2% from 2019 to 2023. Increasing penetration of internet & smartphones, rising number of connected devices across the globe, and growing adoption of IoT are some major factors driving the market growth globally.
Application Insights:
Based on application, the market has been segmented into security, lighting, entertainment, HVAC & energy management and smart kitchen. The entertainment segment is expected to dominate the overall industry over the forecast period owing to increasing demand for music and movie content across various devices. Smart home security systems are also expected to witness significant growth in light of growing concerns regarding safety and protection of households from burglaries or robberies.
The rising need for monitoring household pets as well as property security is anticipated to drive demand for pet-related applications over the forecast period. Furthermore, rising adoption of connected cameras by end consumers is further anticipated to positively impact market growth during future phases. Other applications include thermostats that can be controlled remotely or via an app installed on a smartphone; smart water meters that can track usage patterns; etc.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to retain its dominance over the forecast period as well, owing to increasing penetration of smartphones and high disposable income of consumers. Asia Pacific is projected to be the fastest-growing regional market from 2018 to 2030 due to increasing adoption of smart devices and rising disposable income levels in developing countries such as China and India. Moreover, rising investments by companies for development of new products will drive growth further. For instance, In January 2016, LG Electronics launched a smart home system named SmartThinQ based on Google Android operating system for integration with other services including security systems and air conditioning/heating systems among others.
Growth Factors:
- Increasing demand for energy-efficient and eco-friendly homes
- Rising awareness about the benefits of smart home automation systems
- Proliferation of affordable smart home devices and systems
- Growing demand for connected homes and buildings
- Advances in artificial intelligence and machine learning
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Home Automation Market Research Report
By Type
Cellular, Wireless, Others
By Application
Security, Lighting, Entertainment, HVAC & Energy Management, Smart Kitchen
By Companies
ABB Ltd., Control4 Corporation, Crestron Electronics, Honeywell International Inc., Ingersoll-Rand plc, Johnson Controls, Legrand SA, Leviton Manufacturing Company, Lutron Electronics Co., Schneider Electric, Siemens AG
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
198
Number of Tables & Figures
139
Customization Available
Yes, the report can be customized as per your need.
Global Smart Home Automation Market Report Segments:
The global Smart Home Automation market is segmented on the basis of:
Types
Cellular, Wireless, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Security, Lighting, Entertainment, HVAC & Energy Management, Smart Kitchen
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB Ltd.
- Control4 Corporation
- Crestron Electronics
- Honeywell International Inc.
- Ingersoll-Rand plc
- Johnson Controls
- Legrand SA
- Leviton Manufacturing Company
- Lutron Electronics Co.
- Schneider Electric
- Siemens AG
Highlights of The Smart Home Automation Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cellular
- Wireless
- Others
- By Application:
- Security
- Lighting
- Entertainment
- HVAC & Energy Management
- Smart Kitchen
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Smart Home Automation Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Smart home automation is the process of automating tasks in your home using devices and software that connect to the internet. This can include things like turning on lights when you get home, adjusting temperatures based on your schedule, and controlling smart appliances from a remote location.
Some of the major companies in the smart home automation market are ABB Ltd., Control4 Corporation, Crestron Electronics, Honeywell International Inc., Ingersoll-Rand plc, Johnson Controls, Legrand SA, Leviton Manufacturing Company, Lutron Electronics Co., Schneider Electric, Siemens AG.
The smart home automation market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Home Automation Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Smart Home Automation Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Home Automation Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Smart Home Automation Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Smart Home Automation Market Size & Forecast, 2020-2028
4.5.1 Smart Home Automation Market Size and Y-o-Y Growth
4.5.2 Smart Home Automation Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Cellular
5.2.2 Wireless
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Security
6.2.2 Lighting
6.2.3 Entertainment
6.2.4 HVAC & Energy Management
6.2.5 Smart Kitchen
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Home Automation Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Smart Home Automation Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Cellular
9.6.2 Wireless
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Security
9.10.2 Lighting
9.10.3 Entertainment
9.10.4 HVAC & Energy Management
9.10.5 Smart Kitchen
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Cellular
10.6.2 Wireless
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Security
10.10.2 Lighting
10.10.3 Entertainment
10.10.4 HVAC & Energy Management
10.10.5 Smart Kitchen
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Cellular
11.6.2 Wireless
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Security
11.10.2 Lighting
11.10.3 Entertainment
11.10.4 HVAC & Energy Management
11.10.5 Smart Kitchen
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Cellular
12.6.2 Wireless
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Security
12.10.2 Lighting
12.10.3 Entertainment
12.10.4 HVAC & Energy Management
12.10.5 Smart Kitchen
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Cellular
13.6.2 Wireless
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Security
13.10.2 Lighting
13.10.3 Entertainment
13.10.4 HVAC & Energy Management
13.10.5 Smart Kitchen
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Smart Home Automation Market: Competitive Dashboard
14.2 Global Smart Home Automation Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB Ltd.
14.3.2 Control4 Corporation
14.3.3 Crestron Electronics
14.3.4 Honeywell International Inc.
14.3.5 Ingersoll-Rand plc
14.3.6 Johnson Controls
14.3.7 Legrand SA
14.3.8 Leviton Manufacturing Company
14.3.9 Lutron Electronics Co.
14.3.10 Schneider Electric
14.3.11 Siemens AG
