Apr 8, 2019
Global Home Automation System Market Research Report, By Protocol & Technology (Network and Wireless), By Product (Lighting, Security and Access Control, HVAC and Entertainment Control), Software & Algorithm (Behavioral and Proactive) by Forecast till 2023.
Pune, India - April 8, 2019 /MarketersMedia/ —
Home Automation System Market – Overview
Home automation is increasing its popularity steadily due to the efficiency that it offers. Market reports associated with the semiconductor and electronics industry have been made available by Market Research Future which creates reports on other industry verticals that outlines the current market scenarios. The market is anticipated to earn USD 85 Billion in earnings while expanding at an 11% CAGR in the forecast period.
The convenience, comfort, better quality of life features of implementing home automation systems are increasing the market share substantially. The market is expected to develop further due to advances in technology that are taking place in this market. The market’s landscape is expected to be considerably transformed due to the rising penetration of IoT and mobile devices in the coming years.
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Competitive Analysis
The ability in utilizing the economies of scale is proving to be beneficial for the market’s complete growth. The market is at a peak production level and will be able to generate better value for the companies in the market and its shareholders. The market has also noticeably neutralized the market trials and thus is encouraging a boost in the number of firms in the market. The diversification of the product variety in the market is developing the prospects for the advancement of the market. The organization inclination in the market is reinforcing the level of expansion that can be achieved in the current market scenario. The development samples are modified in tandem to the customer penchant to realize the greatest growth, and in the long term, viability.
The notable contenders in the Home Automation System Market comprise of Schneider Electric Se (France), Acuity Brands, Inc. (U.S.), Johnson Controls Inc. (U.S.), Honeywell International Inc. (U.S.), United Technologies Corporation (U.S.), Legrand (France), Siemens Ag (Germany), Crestron Electronics, Inc. (U.S.), ABB Ltd. (Switzerland), Samsung Electronics Co., Ltd. (South Korea), among others.
Segmental Analysis
The market for home automation systems market is segmented on the basis of product, protocol & technology, wireless and software & algorithm. On the basis of product, the market is segmented into climate control, lighting control, HVAC control, security and access control, entertainment control, energy management control, and others. The protocol & technology basis of segmenting the market comprises of network and wireless. The network technology basis of segmenting the market consists of GSM/HSPA, CDMA, and LTE network. The segmentation on the basis of wireless technology consists of IR, Z-wave, Bluetooth, Zigbee, Wi-Fi, etc. On the basis of software & algorithm, the market is segmented into proactive and behavioral.
Detailed Regional Analysis
The analysis of Home Automation System Market in terms of regions spans Europe, North America, Asia Pacific and the rest of the world. The North American region is anticipated to control the home automation system market through the forecast period owing to the existence of chief companies in the region. Similarly, the intensifying demand for domestic energy management systems in this region is another main motivating factor for the development of the market. The APAC region is anticipated to observe strong growth owing to the growing number of original residential projects.
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Industry Updates:
Oct 2018 Abode has introduced a new smart home automation system that will interface with smart home products together with Nest, Amazon Echo, Google Assistant, and more. The company’s latest offering is called “Adobe Cue,” a platform that users can use to edit, create, and manage Abode automations that dictate how the smart home platform responds to certain conditions.
Feb 2018 Wipro's Consumer Care & Lighting has forayed into home automation space with an integrated solution to adapt ordinary homes into 'smart homes'. The home automation system assimilates lighting, curtains, cameras, air-conditioners, safety accessories, internet protocol (IP), geysers, music control and home theatre with in-built sensors to signal in case of fire, gas leakage or intrusion.
Target Audience:
• Automation & control vendors
• Automation & control networking technology vendors
• Real estate builders
• System integrators
• Homeowners
• Project consultants
• Designers/consultants (HVAC, security, and fire & safety)
• Component manufacturers (sensors & controls)
• Software and solution providers
• Home management systems (product & service providers)
• Associations & standards
• Government bodies involved in green buildings
Table of Contents
1 Executive Summary
2 Scope of The Report
2.1 Market Definition
2.2 Scope of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
Continues...
List of Tables
Table 1 Home Automation System Market: By Region, 2018-2023
Table 2 North America Home Automation System Market: By Country, 2018-2023
Table 3 Europe Home Automation System Market: By Country, 2018-2023
Table 4 Asia Pacific Home Automation System Market: By Country, 2018-2023
Table 5 The Middle East & Africa Home Automation System Market: By Country, 2018-2023
Continues...
List of Figures
Figure 1 Global Home Automation System Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Porter’s Five Forces Analysis of Global Home Automation System Market
Figure 4 Value Chain of Global Home Automation System Market
Figure 5 Share of Home Automation System Market In 2018, By Country (In %)
Continues...
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact Info:
Name: Abhishek Sawant
Email: Send Email
Organization: Market Research Future
Address: Contact Us:, Market Research Future, Office No. 528, Amanora Chambers, Pune – 411028, Maharashtra, India
Phone: +1 646 845 9312
Website: https://www.marketresearchfuture.com/reports/home-automation-system-market-6082
Source: MarketersMedia
Release ID: 499572
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