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Home Automation - Global Market Trajectory & Analytics

  • ID: 595584
  • Report
  • July 2020
  • Region: Global
  • 188 Pages
  • Global Industry Analysts, Inc
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FEATURED COMPANIES

  • ABB Ltd. (Switzerland)
  • Abilia AB (Sweden)
  • AMX® (USA)
  • Legrand (France)
  • Nest Labs (USA)
  • Savant Systems LLC (USA)
  • MORE
Global Home Automation Market to Reach $104 Billion by 2027

Amid the COVID-19 crisis, the global market for Home Automation estimated at US$53.6 Billion in the year 2020, is projected to reach a revised size of US$104 Billion by 2027, growing at a CAGR of 9.9% over the analysis period 2020-2027. Lighting, one of the segments analyzed in the report, is projected to record a 11.8% CAGR and reach US$25.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Security & Safety segment is readjusted to a revised 10.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $14.5 Billion, While China is Forecast to Grow at 13.4% CAGR

The Home Automation market in the U.S. is estimated at US$14.5 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$22.4 Billion by the year 2027 trailing a CAGR of 13.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.7% and 8.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7.8% CAGR.

HVAC Segment to Record 9.6% CAGR

In the global HVAC segment, USA, Canada, Japan, China and Europe will drive the 8.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$4.8 Billion in the year 2020 will reach a projected size of US$8.7 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$14.9 Billion by the year 2027, while Latin America will expand at a 11% CAGR through the analysis period. We bring years of research experience to this 18th edition of our report. The 188-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:
  • ABB Ltd.
  • Abilia AB
  • AMX®
  • Control4 Corporation
  • Crestron Electronics Inc.
  • Emerson Climate Technologies Inc.
  • HomeSeer Technologies, LLC
  • Honeywell International, Inc.
  • Legrand
  • Leviton Mfg. Company Inc.
  • Lutron Electronics Co. Inc.
  • Nest Labs
  • Savant Systems LLC
  • Schneider Electric
  • Siemens AG
  • SmartThings
  • TELETASK
  • Vera Control Ltd.
  • Vivint Inc.

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
2 of 3

FEATURED COMPANIES

  • ABB Ltd. (Switzerland)
  • Abilia AB (Sweden)
  • AMX® (USA)
  • Legrand (France)
  • Nest Labs (USA)
  • Savant Systems LLC (USA)
  • MORE

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Impact of Covid-19 and a Looming Global Recession

Home Automation: Providing Convenience, Comfort, Safety, Security and Energy Efficiency to Homes

Recent Market Activity

Trend towards Connected World Bodes Well for the Home Automation Market

Security, Lighting and Entertainment Applications Propel Growth in the Global Home Automation Market

Service Component of Home Automation to Record Robust Growth

Managed Service Emerges as the Preferred Installation Type for Home Automation

Wireless Technologies Rule the Home Automation Market

Benefits of Proactive Solutions Contribute to its High Share in Home Automation Market

Developed Economies at the Forefront of Home Automation Adoption, Asia-Pacific Emerging to be the Long-term Growth Driver

Home Automation Networking Protocol & Standards - A Critical Decision to Make

A Peek at Wired Technologies, Wireless Technologies, Integrated Product Families and Open Platforms Standards and Protocols for Home Automation

A Glance at Major Networking Protocols Available For Home Automation

A Glance at Select Standards in the Home Automation Market

Global Competitor Market Shares

Home Automation Competitor Market Share Scenario Worldwide (in %): 2018 & 2029

Competitive Landscape

A Glance at Few Latest Entrants in the Home Automation Market

Home Automation: Providing Convenience, Comfort, Safety, Security and Energy Efficiency to Home

Trend towards Connected World Bodes Well for the Home Automation Market

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Growing Need to Address the Constant Rise in Electricity Costs Drives Focus onto Home Automation

Rising Significance of IoT in Home Automation

Open Source Home Automation Software to Resolve Privacy Issues

Smart Homes - The Future of Home Automation

Key Statistics

Latest Trends in the Smart Home Technology Landscape

Increasing Proliferation of Smartphones and Smart Mobile Devices: A Strong Growth Driver for Home Automation Market

Technology Innovations: Spearheading Growth

iHome Launches Amazon Alexa-enabled Clock Radio

AXIS Unveils AXIS Gear for Window Shades

Whisker Labs Home Energy Monitoring Sensor

RTI KX10 10-inch In-Wall Touchpanel

Venstar Wireless Temperature Sensor

Lutron Connect Bridge and App

SnapAV OvrC Pro Remote Home Monitoring and Management Systems

Hubs and Controllers

Surveillance Cameras

Locks and Home Security Systems

Heating and Cooling

Cooking

Automation in Lighting Systems - Easing Management and Control of Lighting Products

A Review of the Most Popular Smart Lighting Switches

Rising Use of Voice-Activated Commands to Control Home Automation Products

A Comparative Review of Select Smart Speakers

Home Automation Devices Bolster Sales of Consumer Electronics Market

Zero Homes Bringing a Paradigm Shift in Smart Homes Market

Programmable Thermostats

Innovative Panels

4. GLOBAL MARKET PERSPECTIVE

TABLE 1: Home Automation Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 2: Home Automation Market Share Shift across Key Geographies Worldwide: 2020 VS 2027
TABLE 3: Lighting (Application) Global Opportunity Assessment in US$ Million by Region/Country: 2020-2027
TABLE 4: Lighting (Application) Percentage Share Breakdown of Global Sales by Region/Country: 2020 VS 2027
TABLE 5: Security & Safety (Application) Worldwide Sales in US$ Million by Region/Country: 2020-2027
TABLE 6: Security & Safety (Application) Market Share Shift across Key Geographies: 2020 VS 2027
TABLE 7: HVAC (Application) Global Market Estimates & Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 8: HVAC (Application) Market Share Breakdown by Region/Country: 2020 VS 2027
TABLE 9: Entertainment (Application) Demand Potential Worldwide in US$ Million by Region/Country: 2020-2027
TABLE 10: Entertainment (Application) Share Breakdown Review by Region/Country: 2020 VS 2027
TABLE 11: Other Applications (Application) Worldwide Latent Demand Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 12: Other Applications (Application) Distribution of Global Sales by Region/Country: 2020 VS 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Home Automation Market Share (in %) by Company: 2018 & 2025

Market Analytics
TABLE 13: United States Home Automation Latent Demand Forecasts in US$ Million by Application: 2020 to 2027
TABLE 14: Home Automation Market Share Breakdown in the United States by Application: 2020 VS 2027

CANADA

TABLE 15: Canadian Home Automation Market Quantitative Demand Analysis in US$ Million by Application: 2020 to 2027
TABLE 16: Canadian Home Automation Market Share Analysis by Application: 2020 VS 2027

JAPAN

TABLE 17: Japanese Demand Estimates and Forecasts for Home Automation in US$ Million by Application: 2020 to 2027
TABLE 18: Home Automation Market Share Shift in Japan by Application: 2020 VS 2027

CHINA

TABLE 19: Chinese Demand for Home Automation in US$ Million by Application: 2020 to 2027
TABLE 20: Chinese Home Automation Market Share Breakdown by Application: 2020 VS 2027

EUROPE

Market Facts & Figures

European Home Automation Market: Competitor Market Share Scenario (in %) for 2018 & 2025

Market Analytics
TABLE 21: European Home Automation Market Demand Scenario in US$ Million by Region/Country: 2018-2025
TABLE 22: European Home Automation Market Share Shift by Region/Country: 2020 VS 2027
TABLE 23: European Home Automation Addressable Market Opportunity in US$ Million by Application: 2020-2027
TABLE 24: European Home Automation Market Share Analysis by Application: 2020 VS 2027

FRANCE

TABLE 25: Home Automation Quantitative Demand Analysis in France in US$ Million by Application: 2020-2027
TABLE 26: French Home Automation Market Share Analysis: A 7-Year Perspective by Application for 2020 and 2027

GERMANY

TABLE 27: Home Automation Market in Germany: Annual Sales Estimates and Forecasts in US$ Million by Application for the Period 2020-2027
TABLE 28: Home Automation Market Share Distribution in Germany by Application: 2020 VS 2027

ITALY

TABLE 29: Italian Demand for Home Automation in US$ Million by Application: 2020 to 2027
TABLE 30: Italian Home Automation Market Share Breakdown by Application: 2020 VS 2027

UNITED KINGDOM

TABLE 31: United Kingdom Demand Estimates and Forecasts for Home Automation in US$ Million by Application: 2020 to 2027
TABLE 32: Home Automation Market Share Shift in the United Kingdom by Application: 2020 VS 2027

SPAIN

TABLE 33: Spanish Home Automation Market Quantitative Demand Analysis in US$ Million by Application: 2020 to 2027
TABLE 34: Spanish Home Automation Market Share Analysis by Application: 2020 VS 2027

RUSSIA

TABLE 35: Russian Home Automation Latent Demand Forecasts in US$ Million by Application: 2020 to 2027
TABLE 36: Home Automation Market Share Breakdown in Russia by Application: 2020 VS 2027

REST OF EUROPE

TABLE 37: Rest of Europe Home Automation Addressable Market Opportunity in US$ Million by Application: 2020-2027
TABLE 38: Rest of Europe Home Automation Market Share Analysis by Application: 2020 VS 2027

ASIA-PACIFIC

TABLE 39: Asia-Pacific Home Automation Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 40: Asia-Pacific Home Automation Market Share Analysis by Region/Country: 2020 VS 2027
TABLE 41: Home Automation Quantitative Demand Analysis in Asia-Pacific in US$ Million by Application: 2020-2027
TABLE 42: Asia-Pacific Home Automation Market Share Analysis: A 7-Year Perspective by Application for 2020 and 2027

AUSTRALIA

TABLE 43: Home Automation Market in Australia: Annual Sales Estimates and Forecasts in US$ Million by Application for the Period 2020-2027
TABLE 44: Home Automation Market Share Distribution in Australia by Application: 2020 VS 2027

INDIA

TABLE 45: Indian Home Automation Market Quantitative Demand Analysis in US$ Million by Application: 2020 to 2027
TABLE 46: Indian Home Automation Market Share Analysis by Application: 2020 VS 2027

SOUTH KOREA

TABLE 47: Home Automation Market in South Korea: Recent Past, Current and Future Analysis in US$ Million by Application for the Period 2020-2027
TABLE 48: Home Automation Market Share Distribution in South Korea by Application: 2020 VS 2027

REST OF ASIA-PACIFIC

TABLE 49: Rest of Asia-Pacific Demand Estimates and Forecasts for Home Automation in US$ Million by Application: 2020 to 2027
TABLE 50: Home Automation Market Share Shift in Rest of Asia-Pacific by Application: 2020 VS 2027

LATIN AMERICA

TABLE 51: Latin American Home Automation Market Trends by Region/Country in US$ Million: 2020-2027
TABLE 52: Latin American Home Automation Market Percentage Breakdown of Sales by Region/Country: 2020 and 2027
TABLE 53: Latin American Demand for Home Automation in US$ Million by Application: 2020 to 2027
TABLE 54: Latin American Home Automation Market Share Breakdown by Application: 2020 VS 2027

ARGENTINA

TABLE 55: Argentinean Home Automation Addressable Market Opportunity in US$ Million by Application: 2020-2027
TABLE 56: Argentinean Home Automation Market Share Analysis by Application: 2020 VS 2027

BRAZIL

TABLE 57: Home Automation Quantitative Demand Analysis in Brazil in US$ Million by Application: 2020-2027
TABLE 58: Brazilian Home Automation Market Share Analysis: A 7-Year Perspective by Application for 2020 and 2027

MEXICO

TABLE 59: Home Automation Market in Mexico: Annual Sales Estimates and Forecasts in US$ Million by Application for the Period 2020-2027
TABLE 60: Home Automation Market Share Distribution in Mexico by Application: 2020 VS 2027

REST OF LATIN AMERICA

TABLE 61: Rest of Latin America Home Automation Latent Demand Forecasts in US$ Million by Application: 2020 to 2027
TABLE 62: Home Automation Market Share Breakdown in Rest of Latin America by Application: 2020 VS 2027

MIDDLE EAST

TABLE 63: The Middle East Home Automation Market Estimates and Forecasts in US$ Million by Region/Country: 2018-2025
TABLE 64: The Middle East Home Automation Market Share Breakdown by Region/Country: 2020 and 2027
TABLE 65: The Middle East Home Automation Market Quantitative Demand Analysis in US$ Million by Application: 2020 to 2027
TABLE 66: The Middle East Home Automation Market Share Analysis by Application: 2020 VS 2027

IRAN

TABLE 67: Iranian Demand Estimates and Forecasts for Home Automation in US$ Million by Application: 2020 to 2027
TABLE 68: Home Automation Market Share Shift in Iran by Application: 2020 VS 2027

ISRAEL

TABLE 69: Israeli Home Automation Addressable Market Opportunity in US$ Million by Application: 2020-2027
TABLE 70: Israeli Home Automation Market Share Analysis by Application: 2020 VS 2027

SAUDI ARABIA

TABLE 71: Saudi Arabian Demand for Home Automation in US$ Million by Application: 2020 to 2027
TABLE 72: Saudi Arabian Home Automation Market Share Breakdown by Application: 2020 VS 2027

UNITED ARAB EMIRATES

TABLE 73: Home Automation Market in the United Arab Emirates: Recent Past, Current and Future Analysis in US$ Million by Application for the Period 2020-2027
TABLE 74: Home Automation Market Share Distribution in United Arab Emirates by Application: 2020 VS 2027

REST OF MIDDLE EAST

TABLE 75: Home Automation Market in Rest of Middle East: Annual Sales Estimates and Forecasts in US$ Million by Application for the Period 2020-2027
TABLE 76: Home Automation Market Share Distribution in Rest of Middle East by Application: 2020 VS 2027

AFRICA

TABLE 77: African Home Automation Latent Demand Forecasts in US$ Million by Application: 2020 to 2027
TABLE 78: Home Automation Market Share Breakdown in Africa by Application: 2020 VS 2027

IV. COMPETITION

Total Companies Profiled: 80

Note: Product cover images may vary from those shown
3 of 3
  • ABB Ltd. (Switzerland)
  • Abilia AB (Sweden)
  • AMX® (USA)
  • Control4 Corporation (USA)
  • Crestron Electronics, Inc. (USA)
  • Emerson Climate Technologies, Inc. (USA)
  • HomeSeer Technologies, LLC (USA)
  • Honeywell International, Inc. (USA)
  • Leviton Mfg. Company, Inc. (USA)
  • Legrand (France)
  • Vantage Controls, Inc. (USA)
  • Lutron Electronics Co., Inc. (USA)
  • Nest Labs (USA)
  • Savant Systems LLC (USA)
  • Schneider Electric (France)
  • Siemens AG (Germany)
  • SmartThings (USA)
  • TELETASK (Belgium)
  • Vera Control, Ltd. (Hong Kong)
  • Vivint, Inc. (USA)
Note: Product cover images may vary from those shown
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