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Published March 13, 2018
Home automation and control is the automation of household activity and it adds safety via lighting control & others appliance which enhance convenience through temperature adjustment and increases convenience. Modern systems generally consist of switches and sensors connected to a central hub called gateway from which system is controlled with the user interface. Growing demand for home monitoring from remote locations driving the market growth.
Global Home Automation Control Market Segments Size & Growth:
Global home automation control systems market is valued at $XX Billion in 2017 and is expected to reach $XX Billion by 2024 at a CAGR of 11.2%. The market growth is mainly because of the awareness among people for efficient energy usage, the rise in electric prices, technological advancements and a large number of manufacturers expanding their product portfolio majorly driving the market growth. However, high initial investments are hindering the market growth.
Global Home Automation Control Market Segments Share:
Global home automation control market, based on the component is classified into hardware, software, and services. Among which hardware is anticipated to dominate the market and is expected to have the dominance during the forecast period. Service is expected to witness significant growth owing to the increasing adoption of smart home automation technology and service that would improve the competitiveness of the environment in which smart home automation system operates. Based on technology, the market is categorized into network technologies, protocols & standards, wireless communication technologies and cellular technology.
Wireless segment is anticipated to dominate the market and continue during the forecast period owing to the less invasive low set-up cost and more convenient to use which resulted in adoption of the smart home automation system. IOT based solutions are trending in home automation market and is the most preferred choice for most of the start-ups. Based on application, the market is categorized into lighting control, security access control, HVAC control, entertainment control and others.
The entertainment segment is anticipated to dominate the market and the smart kitchen segment is expected to witness a significant growth rate owing to the high demand originating for smart appliances. The upsurge for push-button control, energy-preservation, shifting demographic preferences and need to safeguard the global environment from polluting and toxic wastes is expected to witness significant market growth.
Based on the type, the market is segmented into home automation, mainstream home automation and managed automation. The adoption of home automation systems is increasing, owing to the development of the construction industry and increase in demand for energy efficiency in smart homes & buildings.
The home automation industry is dominated by remote control solutions, as mobile apps and other advanced solutions are expensive in the developing regions, however, lack of standardization are expected to hamper the home automation market growth.
Geographically, the market is categorized into North America, South America, Europe, Asia-Pacific and Middle East and Africa. North America is estimated to be the dominant region over the forecast period owing to well-established manufacturers and large consumer base. The region accounted for largest revenue share and is expected to grow at a CAGR of more than 8% from 2017 to 2025. The North American, European, and Asia Pacific regions are anticipated to remain the key revenue generating segments over the forecast period.
The Asia Pacific region is experiencing a healthy growth in disposable income owing to macroeconomic stimulus, which is anticipated to drive market growth. Innovative technologies, such as voice-controlled smart home devices, and growing geriatric population base are the key factors driving the smart home automation market demand over the projected period.
Europe is expected to be promising for global growth through the forecast period owing to increasing investments in infrastructure to improve the standard of living. Increased demand for HVAC & energy management has significantly driven regional growth.
Global Home Automation Control Market Trends:
Global Home Automation Control Market Research Report includes:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
Regional and global diversity is analyzed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.
Expertise investment opportunities by an analyst to the individual and organization to have a better foothold in the market.
The major market players are
Along with these companies, there were many other companies considered/cited in the report while analyzing the home automation control market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.”
1.1 Executive Summary
1.2 Market Definition
1.3 Scope of the Study
2 Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Analytic Tools and Model
2.4 Economic Indicator
2.4.1 Base Year, Base Currency, Forecasting Period
2.5 Expert Validation
2.6 Study Timeline
3 Market Analysis
3.1 Industry Value Chain Analysis
3.2 Porter’s Five Analysis
3.2.1 Bargaining Power of Buyers
3.2.2 Bargaining Power of Suppliers
3.2.3 Threats of Substitutes
3.2.4 Threats of New Entrants
3.2.5 Industry Rivalry
3.3 PESTLE Analysis
3.4 SWOT Analysis
3.5 Y-O-Y Analyses
4 Market Dynamics
4.1.1 Growing demand for home monitoring from remote locations.
4.1.2 Rapid penetration of IOT & smart technologies.
4.1.3. Technological advancements.
4.1.4. A large number of manufacturers expanding their product portfolio.
4.2 Restraints & Challenges
4.2.1 High initial investment.
4.2.2 More convenience driven than necessity driven.
4.3.1 Favourable government regulations in several countries.
4.3.2 Lighting controllers to incorporate inbuilt data connectivity technology.
5 Global Home Automation Control Market – By Technology
5.1 Network technologies
5.2 Protocols & standards
5.3 Wireless communication technologies
5.4 Cellular technologies
6 Global Home Automation Control Market – By Component
7 Global Home Automation Control Market – By Type
7.1 Home automation system
7.2 Mainstream home automation system
7.3 Managed home automation system
8 Global Home Automation Control Market – By Application
8.1 Lighting control
8.2 Security access control
8.2.1 Video surveillance
8.2.2 Access controller
8.3 HVAC control
8.4 Entertainment control
9 Global Home Automation Control Market – By Geography
9.1 North America
9.3.4 Australia & New Zealand
9.3.5 South Korea
9.4 South America
9.5 Middle East and Africa
9.5.1 Middle East
10 Global Home Automation Control Market – Competitive Landscape
10.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
10.2 Market Share Analysis
10.3 Strategies Adopted By Top Companies
11 Global Home Automation Control Market – Company Profiles
11.1 Schneider electric SA
11.2 Creston electronics Inc.
11.3 Honeywell International Inc.
11.4 Johnson controls International Plc
11.5 ADT corporation
11.6 Siemens AG
11.7 ABB Ltd
11.8 Ingersoll-Rand plc
11.9 Legrand SA
11.10 Leviton manufacturing company Inc.
11.11 Lutron electronics Co Inc.
11.12 Icontrol networks Inc.
11.13 Control4 corporation
11.14 AMX LLC
11.15 Vantage controls
12 Market Insights
12.1 Insights of Industry Experts
12.2 Analyst Opinion (Market Understanding)
12.3 Investment Opportunities
13.1 List of Tables
13.2 List of Figures