The global smart home automation market is expected to reach USD 130 billion by 2025.
The growing demand for the convenience of remote and real-time operation of smart home automation system has increased the growth and penetration of the smart home automation. Increasing urban and geriatric population have created the need to incorporate smart home automation concept in order to address the arising challenges. Further, increase in demand of smartphones and easy accessibility of internet are expected to fuel growth in the demand for the in the coming future. The growing adoption of the automation in security, lighting, HVAC, energy management, and smart kitchen arenas is anticipated to revolutionize the market by 2025.
The market has been segmented based on varied technology of smart home automation, such as cellular, wireless, and others. Based on applications, the market has been segmented into security, lighting, entertainment, HVAC & energy management, and smart kitchen. The entertainment sector is the biggest application sector in terms of size and is expected to dominate for the forecast period owing to high demand of home theaters, touchscreens, audio/video controls, and other entertainment controls.
- ABB Ltd.
- Control4 Corporation
- Crestron Electronics, Inc.
- Honeywell International, Inc.
- Ingersoll-Rand plc
- Johnson Controls
- Legrand SA
- Leviton Manufacturing Company, Inc.
- Lutron Electronics Co., Inc.
- Schneider Electric
- Siemens AG
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Industry Outlook
Chapter 4 Smart Home Automation Market: Component Estimates & Trend Analysis
Chapter 5 Smart Home Automation Market: Technology Estimates & Trend Analysis
Chapter 6 Smart Home Automation Market: Application Estimates & Trend Analysis
Chapter 7 Smart Home Automation Market: Regional Estimates & Trend Analysis
Chapter 8 Competitive Landscape
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