Home Automation Market: Global Drivers, Opportunities, Trends & Forecast 2021
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Home automation products and solutions deal with automation and control of various household electricals, electronics, and appliances. This includes ventilation, heating, lighting, security, air conditioning, and various home appliances. The modern systems consist of sensors and switches that are connected to a central hub, and the system is controlled via a mobile or web user interface. Wi-Fi is generally preferred as connectivity for remote control and monitoring.
There is a large presence of vendors in the market, and the market is highly fragmented. The vendors are adding various smart features to their product line to add value and differentiate their product. Although there is a lack of accepted industry standards, which is likely to hold the potential of the market. Consumers generally look for convenience when it comes to installation of smart solutions at their homes. For instance, remote control of audio and various multimedia features in a home entertain system.
Growth of IoT, increasing importance given by modern consumers to remote control features, and promises of cost saving are the major drivers for the growth of home automation market. The market is segmented by product, protocol and technology, software and algorithm, and regions. Few of the major vendors in the market include Schneider Electric, Honeywell, Legrand, Crestron Electronics, Ingersoll-Rand, Siemens, and Johnson Controls.
The study covers and analyses the “Worldwide Home Automation” market. Bringing out the complete key insights of the industry, the report aims to provide an opportunity for players to understand the latest trends, current market scenario, government initiative, and technologies related to the market. In addition, helps the venture capitalist in understanding the companies better and take informed decisions.
1.1 Industry Overview
1.2 Industry Trends
1.3 PESTEL Analysis
2 Report Outline
2.1 Report Scope
2.2 Report Summary
2.3 Research Methodology
2.4 Report Assumptions
3 Market Snapshot
3.1 Total Addressable Market (TAM)
3.2 Segmented Addressable Market (SAM)
3.3 SAM as a Segment of TAM
3.4 Related Markets
4 Market Outlook
4.4 Porter 5 (Five) Forces
5 Market Characteristics
5.1 Market Trends
5.2 Value Chain
5.3 Market Dynamics
5.4 DRO – Impact Analysis
5.5 Key Stakeholders
6 Product: Market Size and Analysis
6.2 Mainstream home automation systems
6.3 Luxury home automation systems
6.4 Managed home automation services
6.5 DIY home automation systems
7 Networking technology: Market Size and Analysis
7.5 Computing network
8 Applications: Market Size and Analysis
8.2 Safety and security
9 Regions: Market Size & Analysis
9.2 North America
9.4 Asia Pacific
9.5 Latin America
9.6 Middle East & Africa
10 Competitive Analysis
10.4 Schneider Electric
Includes other major vendors
11 Vendor Profiles*
11.3 Schneider Electric
Includes other major vendors
12 Companies to Watch for #
13 Expert’s Views
* Vendor profiles will include: overview, business units, geographical revenue, recent developments, business focus, SWOT, and business strategy
# Companies to watch for will include small private players present in Indian market
Infoholic Research works on a holistic 360° approach in order to deliver high quality, validated and reliable information in our market reports. The Market estimation and forecasting involves following steps:
- Data Collation (Primary & Secondary)
- In-house Estimation (Based on proprietary data bases and Models)
- Market Triangulation
Market related information is congregated from both primary and secondary sources.
Involved participants from all global stakeholders such as Solution providers, service providers, Industry associations, thought leaders etc. across levels such as CXOs, VPs and managers. Plus, our in-house industry experts having decades of industry experience contribute their consulting and advisory services.
Include public sources such as regulatory frameworks, government IT spending, government demographic indicators, industry association statistics, and company publications along with paid sources such as Factiva, OneSource, Bloomberg among others.