With
technological advancements in several developing countries across the
globe, home automation solutions are evolving continuously. Modern
day home automation solutions utilize high end digital technology for
providing better performance and efficiency. Home automation systems
refer to all such systems, whether used as a single application or as
integrated solutions that are used to automate processes. They are
electricity powered and are manually controlled (such as turning on
the AC, dimming lights, managing entrance gate and cameras, operating
smart appliances in a house, and so on.
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The
home automation market is primarily driven by growing need for
effective solutions in various domestic applications such as
lighting, safety and security, energy management, entertainment
(audio and video) and HVAC (heating, ventilation, and air
conditioning). High degree of internet connectivity and penetration
in developed countries such as the U.S., the U.K., France, and
Germany is also contributing to the growth of home automation market
globally. Safety and security was the highest revenue generating
application segment in 2013.
Factors
such as rising awareness towards energy conservation and ability to
manage energy consumption through automation technologies primarily
influence market growth. Smartphone based home automation solution is
also observing a significant growth in demand. Increasing usage of
smartphone based home automation apps is also contributing to the
growth of overall home automation market globally. North America led
the home automation market in 2014 and the region is expected to
continue its dominance in 2020. The region’s dominance is due to
advancement in technology in countries such as the U.S. and Canada.
Moreover, consumer awareness and affinity towards new technology is
further contributing to the growth of home automation market in North
America. Europe and Asia Pacific followed North America in the global
home automation market to collectively account for more than forty
percent of the global market revenue share.
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This
market research study analyzes the home automation market on a global
level, and provides estimates in terms of revenue (USD million) from
2014 to 2020. It recognizes the drivers and restraints affecting the
industry and analyzes their impact over the forecast period.
Moreover, it identifies the significant opportunities for market
growth in the coming years.
The
market has been segmented on the basis of geography such as North
America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW),
and these have been estimated in terms of revenue (USD billion). In
addition, market has been segmented based on applications, which
include lighting, safety and security, HVAC (Heating, Ventilation,
and Air-Conditioning), entertainment, energy management, and others.
It also segments the market on the basis of networking technology as
wired systems, power-line systems, computing networks, and wireless
systems. All these segments have also been estimated on the basis of
geography in terms of revenue (USD million).
For
better understanding of the home automation market, we have given a
detailed analysis of the supply chain. A detailed Porter’s five
forces analysis has been given for better understanding of the
intensity of the competition present in the market. Furthermore, the
study comprises market attractiveness analysis, where the
applications are benchmarked based on their market scope, growth rate
and attractiveness.
The
report provides company market share analysis of various industry
participants. The key players have also been profiled on the basis of
company overview, financial overview, business strategies, SWOT
analysis, and the recent developments in the field of home
automations. Major market participants profiled in this report
include Crestron Electronics, Inc., Control4 Corporation, AMX LLC,
ADT Corporation, 2GIG Technologies, Siemens AG, Johnson Controls,
Honeywell International Inc., iControl Networks Inc., Vantage
Controls, and Schneider Electric SA.
Home
Automation Market: By application
- Lighting
- Safety and security
- HVAC (Heating, Ventilation, and Air-Conditioning)
- Entertainment (Home audio and video)
- Others(Robotics, heath care)
Home
Automation Market: By networking technology
- Wired home automation systems
- Power-line home automation systems
- Computing network home automation systems
- Wireless home automation systems
Home
Automation Market: By type
- Luxury (custom) home automation systems
- Mainstream home automation systems
- DIY (Do It Yourself) home automation systems
- Managed home automation services
The
report provides a cross-sectional analysis of all the above segments
with respect to the following regions:
Home
Automation Market: By geography
- North America
- Europe
- Asia Pacific
- Rest of the World
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