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Home Automation: Market Growth, Future Prospects & Competitive Analysis, 2016 – 2023

Overview:

With the rapid growth in automation technologies, greater avenues are created to make human life trouble free. Basic function of automation is to simplify the everyday activities and reduce human interventions. Automation helps to increase the productivity of equipment by saving power and reduces unproductive cycle time. Manufacturers are developing new home automation systems for performing daily domestic chores with more efficiency and less inconvenience to humans.

Automation can be defined as the process of operating a given device/equipment or performing a task with the help of a control system. The control system includes a processor, transmission lines and actuators. Domestic applications including lightning, heating ventilation and air conditional are being automated to a great extent recently, as a part of home automation system. With the development of new infrastructure, developers are providing home automation solution making homes smarter and convenient. Apart from luxury and convenience, home automation also includes other prominent functions such as home security system. Home automation is also used for catering medical sector to a large extent for comforting patients’ activities.

Home automation market is expected to grow substantially in the coming years, with the market players striving continuously for developing newer technologies so as to serve wide array of applications. Development of wireless communications and ability of gadgets to interact with each other has enabled making home automation more efficient and reliable. With this advancement, people are able to control and monitor their devices using smartphones, irrespective of their location. With the rising discretionary income of the people worldwide, the adoption of such technologies is estimated to grow manifold in the coming years. This would significantly elevate the demand for home automation thereby driving the market growth.

The global home automation market is segmented on the following bases:

  • By Type
    • Luxury home automation
    • Mainstream home automation
    • DIY home automation
    • Managed home automation
  • By Networking Technology
    • Wired home automation
    • Powered line home automation
    • Computing network home automation
    • Wireless home automation
  • By Application
    • Lightning, safety and security
    • Heating, ventilation and air conditioning (HVAC).
    • Entertainment  system
    • Medical application
  • By Geography
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • CIS Countries
      • Rest of Europe
    • Asia-Pacific
      • Japan
      • China
      • South Asia
      • Australasia
      • Rest of Asia Pacific
    • Middle East & Africa
      • GCC Countries
      • North Africa
      • South Africa
      • Rest of MEA
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America

Key Players Identified for The Home Automation Market Include but are Not Limited to:

Crestron Electronics, Inc., AMX LLC,  Control4 Corporation,  Honeywell International, Inc.,  Johnson Controls, Inc.,  Siemens AG, Zigbee Alliences, Vantage Controls,  Lightolier, Inc.,  Daintree Networks, Inc.,ADT Corporation, 2GIG Technologies, iControl Networks Inc., Schneider Electric SA. and others.

This report offers:

  • An overview of the global markets for home automation.
  • Market trends assessment for the period 2013 - 2023, with historical information for 2013 to 2015, and projections through 2023, with respective CAGR during 2016- 2023
  • Qualitative assessment tools such as market drivers, challenges and future prospects in the market
  • Market competition scrutiny tools such as market positioning analysis
  • A general overview of the industry structure
  • Company profiles highlighting key information about the major players operating in the market.
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