According to IMARC Group latest report titled “Home Automation System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, offers a comprehensive analysis of the industry, which comprises insights on Home Automation System market research report. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The market reached a value of US$ 60.2 Billion in 2020. The global Home Automation System market to grow at a CAGR of 8.7% during 2021-2026.
Home automation, or a smart home system, integrates smart technology with homes for energy conservation, safety, and comfort. It primarily includes the control and computerization of heating, ventilation and air conditioning (HVAC), lighting, security systems, etc. Home automation system enables the homeowners to monitor, control, and automate numerous appliances. Home automation also facilitates integrated and centralized control of operations, making the lives of users more comfortable and convenient.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Market Trends:
The growing incidences of thefts and breaches along with increasing consumer concerns towards home safety are driving the market for home automation. These systems help in minimizing potential crimes and enhancing operational efficiency. Moreover, the elevating consumer living standards and easy availability of affordable home automation solutions are also propelling the market growth across the globe. Besides this, the rising integration of several advanced technologies, such as IoT and AI, with home automation systems for offering high-grade solutions is further augmenting the global market.
Explore Full Report with Table of Contents: https://www.imarcgroup.com/home-automation-system-market
Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Siemens AG
- Honeywell International, Inc.
- Johnson Controls, Inc.
- Schneider Electric SE
- Legrand SA
- Ingersoll-Rand PLC
- ABB Ltd.
- Acuity Brands, Inc.
- Samsung Electronics Co., Ltd.
Home Automation System Market Segmentation:
Our report has categorized the market based on region, application and type.
Market Breakup by Application:
- Lighting control
- Security and access control
- HVAC control
- Entertainment and other controls
Market Breakup by Type:
- Luxury (Custom)
- Mainstream
- DIY (Do-It-Yourself)
- Managed
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
List of Figures
Figure 1: Global: Home Automation System Market: SWOT Analysis
Figure 2: Global: Home Automation System Market: Supply and Value chain structure
Figure 3: Global: Home Automation System Market: Home Automation Ecosystem
Figure 4: Global: Home Automation System Market: Sales Value (in Billion US$), 2015-2020
Figure 5: Global: Home Automation System Market: System Shipments (in ‘000 Units), 2015-2020
Figure 6: Global: Home Automation System Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 7: Global: Home Automation System Market Forecast: System Shipments (in ‘000 Units), 2021-2026
Figure 8: Global: Home Automation System Market: Breakup by Application (in %), 2020
Figure 9: Global: Home Automation System Market: Breakup by Type (in %), 2020
Figure 10: Global: Home Automation System Market: Breakup by Region (in %), 2020
Figure 11: Global: Home Automation System Market: Lighting Control Segmentation
Figure 12: Global: Lighting Control Market: Sales Value (in Billion US$), 2015-2020
Figure 13: Global: Lighting Control Market: Breakup by Region (in %), 2020
Figure 14: Global: Lighting Control Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 15: Global: Home Automation System Market: Security and Access Control
Figure 16: Global: Security and Access Control Market: Sales Value (in Billion US$), 2015-2020
Figure 17: Global: Security and Access Control Market: Breakup by Region (in %), 2020
Figure 18: Global: Security and Access Control Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 19: Global: Home Automation System Market: HVAC (Heating, Ventilation, and Air-Conditioning) Control Segmentation
Figure 20: Global: HVAC (Heating, Ventilation, and Air-Conditioning) Control Market: Sales Value (in Billion US$), 2015-2020
Figure 21: Global: HVAC (Heating, Ventilation, and Air-Conditioning) Control Market: Breakup by Region (in %), 2020
Figure 22: Global: HVAC (Heating, Ventilation, and Air-Conditioning) Control Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 23: Global: Home Automation System Market: Entertainment (Home Audio and Video) and Other Controls Market Segmentation
Figure 24: Global: Entertainment (Home Audio and Video) and Other Controls Market: Sales Value (in Billion US$), 2015-2020
Figure 25: Global: Entertainment (Home Audio and Video) and Other Controls Market: Breakup by Region (in %), 2020
Figure 26: Global: Entertainment (Home Audio and Video) and Other Controls Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 27: Global: Managed Home Automation System Shipments Market (in Thousand Units), 2015-2020
Figure 28: Global: Managed Home System Shipments Market Forecast (in Thousand Units), 2021-2026
Figure 29: Global: Mainstream Home Automation System Shipments Market (in Thousand Units), 2015-2020
Figure 30: Global: Mainstream Home Automation System Shipments Market Forecast (in Thousand Units), 2021-2026
Figure 31: Global: DIY (Do-It-Yourself) Home Automation System Shipments Market (in Thousand Units), 2015-2020
Figure 32: Global: DIY (Do-It-Yourself) Home Automation System Shipments Market Forecast (in Thousand Units), 2021-2026
Figure 33: Global: Luxury Home Automation System Shipments Market (in Thousand Units), 2015-2020
Figure 34: Global: Luxury Home Automation System Shipments Market Forecast (in Thousand Units), 2021-2026
Figure 35: North America: Home Automation System Market: Sales Value (in Billion US$), 2015-2020
Figure 36: North America: Home Automation System Market: Breakup by Application (in %), 2020
Figure 37: North America: Lighting Control Market: Sales Value (in Million US$), 2015-2020
Figure 38: North America: Lighting Control Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: North America: Security and Access Control Market: Sales Value (in Billion US$), 2015-2020
Figure 40: North America: Security and Access Control Market Forecast: Sales Value (in Billion US$), 2021-2026
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