The global home automation market is expected to reach $75.2 billion by 2022


   October 27 2017


According to a new market report published by Lucintel, the future of the home automation market looks attractive with opportunities in the safety and security, HVAC, entertainment, and lighting control applications. The global home automation market is expected to reach an estimated $75.2 billion by 2022 with a CAGR of 11.4% from 2017 to 2022. The major growth drivers for this market are increasing consumer need for simplicity and a personalized experience, growing awareness related to safety and security, and the adaption of cloud-based technologies.

Browse 85 Market Data Tables and 73 Figures spread through 157 Pages and in-depth TOC on "Global Home Automation Market- Forecast to 2022" http://www.lucintel.com/home-automation-market-2017-2022.aspx

In this market, home automation and control systems are used in the safety and security, entertainment control, lighting, and HVAC control applications. Lucintel forecasts that the safety and security market is expected to remain the largest segment due to the increasing need for continuous monitoring services to reduce the risk of crime, burglary, and theft. The entertainment segment is expected to experience the highest growth rate during the forecast period, supported by the increasing need for advanced technology to provide a single platform to deliver a high level of control, flexibility, and the best entertainment experience.

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Within the home automation market by installation type, managed service is expected to remain the largest installation type due to the increasing demand for 24/7 monitoring services. Lucintel predicts that the mainstream segment is expected to experience the highest growth rate during the forecast period because of its easy configuration and lower installation cost.

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North America is expected to remain the largest region during the forecast period due to the increasing usage of technologies and digitalization in the US and Canada. Asia Pacific is expected to witness the highest growth over the forecast period because of increasing awareness of safety, security, and energy efficiency.

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Emerging trends, which have a direct impact on the dynamics of the industry, include growing demand for internet of things (IoT) technology in home automation systems, development of video enabled drones, and constant developments in security technology products such as smart cameras and various sensors and detectors. ADT Corporation, Control4 Corporation, United Technologies Corporation, Honeywell, Johnson Control, Siemens AG, Acuity Brands, AMX Inc., Monitronics International, and Vivint Inc., are among the major home automation manufacturers.

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The study includes a forecast for the global home automation market by application, installation type, technology, and region as follows:

By Application [$M shipment analysis from 2011 to 2022]:


  • Safety and Security


  • Entertainment


  • Lighting


  • HVAC


  • Others


By Installation Type [$M shipment analysis from 2011 to 2022]:


  • Managed Service


  • Mainstream


  • Luxury


  • DIY


By Technology [$M shipment analysis from 2011 to 2022]:


  • Wired


    • BACnet


    • Lonworks


    • DALI


    • Modbus


    • KNX


    • Others




  • Wireless


    • Zigbee


    • Wi-Fi


    • Bluetooth


    • EnOcean


    • Z-Wave


    • Others




By Region [$M shipment analysis for 2011 – 2022]:


  • North America


    • United States


    • Canada


    • Mexico




  • Europe


    • United Kingdom


    • Germany


    • France




  • Asia Pacific


    • Japan


    • China


    • South Korea


    • India




  • The Rest of the World


This 157-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 http://www.lucintel.com/toc/home-automation-market-2017-2022.aspx or helpdesk@lucintel.com.  

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