According to a new market report by Lucintel, the future of the DIY home automation market looks promising with opportunities in the commercial and household markets. The DIY home automation market is expected to grow with a CAGR of 40% from 2019 to 2024. The major drivers for this market are increasing awareness on safety and security, increasing consumer need for simplicity and personalized experience, growing adoption of cloud-based technologies, and low cost for DIY system.
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In this market, smart hub, security and access control, lighting control, entertainment control, climate control, and managed services are the major product and service types. Security and access control is expected to witness the highest growth over the forecast period due to increasing need of the consumer for convenience, and safety and security.
Within this market, DIY home automation is used in commercial and household applications. Household will remain the largest segment due to the low cost of DIY system and increasing demand for convenience and connectivity.
North America will remain the largest region and Europe is expected to witness the highest growth over the forecast period.
Ismartalarm, Smartthings, Ingersoll-Rand, Icontrol Networks, Smartlabs, Nest Labs, Vera Control, Belkin International, Lowe’s Iris and Nortek are among the major manufacturers of DIY home automation.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the DIY home automation market by product and service type, technology, application, and region. Lucintel has prepared a comprehensive research report titled "DIY Home Automation Market 2019-2024: Trends, Forecast, and Opportunity Analysis." This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the DIY home automation market by product and service type, technology, application, and region as follows:
By Product and Service Type [$M shipment analysis for 2013 – 2024]:
Hardware
Smart Hub
Security & Access Control
Door Locks
Smoke & Carbon Monoxide Detectors
Door/Window and Motion Sensors
Others
Lighting Control
Entertainment Control
Climate Control
Others
Managed Services
By Technology [$M shipment analysis for 2013 – 2024]:
Network Technologies
GSM/HSPA Networks
CDMA Networks
LTE Networks
Wireless Technologies
Zigbee
Z-Wave
Wi-Fi
X10
Bluetooth
Others
Other Protocols and Standards
Digital Addressable Lighting Interface (DALI)
National Electrical Manufactures Association (NEMA)
Lonworks
KNX
Others
By Application [$M shipment analysis for 2013 – 2024]:
By Region [$M shipment analysis for 2013 – 2024]:
North America
United States
Canada
Mexico
Europe
Asia Pacific
Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/diy-home-automation-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.