Home Automation Market Research Report Analysis by Trends, Technologies, Industry Demand, Challenges, Regional Outlook, Opportunities, Key Players & Forecast 2019-2025
Mar 4, 2019
The highly preferred study on global Home Automation market 2019-2025 done by adroit market research provides broad analysis on the basis of types, applications and key players which is useful to understand overview for better decision making.
Dallas, United States - March 4, 2019 /MarketersMedia/ —
The study covers the global home automation market revenue for a period ranging from 2015 to 2025, in which, 2015 to 2017 indicate the actual annual revenue and the forecast revenue is from 2018 to 2025. The global home automation market report also includes qualitative insights such as the value chain analysis, drivers, restraints, PESTLE analysis, regulatory framework, and Porter s five forces analysis. The global home automation market 2018 gives a complete view encompassing consumption, import and export for key regions and countries.
The global home automation market size is anticipated to reach USD 46.22 billion by 2025 owing to the growing popularity of Internet of Things (IoT) and rapid adoption of smartphones and other gadgets. Upcoming wireless technologies such as 5G, Bluetooth, ZigBee, Z-Wave and other proprietary protocols will have a significant impact on the overall growth of home automation market in coming years.
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With growing awareness of new home automation technologies and rising preference to luxurious lifestyle in developing economies have fuelled the growth of global home automation market. Furthermore, growing concerns of efficient energy usage and increasing awareness of safety & security among the consumers will collectively drive the home automation market across the globe. However, high initial costs and lack of high speed internet connectivity are few challenges that could hamper the growth of home automation market.
The report has company profiles of major players in the market:
Siemens AG
Crestron Electronics Inc.
Control4 Corporation
Zigbee alliance
ABB
Nest Labs
Google Inc.
Apple Inc.
AT & T
Vantage Controls (Legrand)
others
The home automation market is vastly being disrupted by the inception of voice assistants. This trend of integrating of voice assistants with the home appliances is on a rise as, it is much simpler to give voice commands rather than carrying a smartphone every time. One of the major challenges that could be faced in the future is the interoperability of different devices and applications. Given the relevance of voice assistants, the partnership between the stakeholders will be more important. Also, home automation market will also have a significant impact in the insurance industry. Insurance companies have started partnering with home automation manufacturers by leveraging different devices as a part of an insurance product. For instance, Roost, which is a home automation vendor has partnered with numerous insurance companies such as Aviva, Liberty Mutual, Bankers Insurance Group, Desjardins and others.
In 2017, North America had the highest market share in the global home automation market, followed by Europe, Asia-Pacific, central & South America and Middle-East & Africa. This is mostly due to high awareness among the consumers and technological advancements in the US and Canada. Almost all the major players in the world originate from the North American and European region, but Asia-Pacific countries are catching up with speed in terms of investments in home automation.
Key segments of the global home automation market
Type Overview, 2015-2025 (USD million)
Custom automation (luxury) systems
Mainstream automation systems
DIY (Do-It-Yourself) automation systems
Managed home automation services
Application Overview, 2015-2025 (USD million)
Lighting
Safety and security
HVAC
Entertainment
Energy management
Others
Regional Overview, 2015-2025 (USD million)
North America
Europe
Asia Pacific
Central & South America
Middle-East & Africa
What does the report include?
The study on the global home automation market includes qualitative factors such as drivers, restraints, opportunities and value chain analysis.
The study covers qualitative and quantitative analysis of the market segmented on the basis of type, application, technology and region. Moreover, the study provides similar information for the key geographies.
Actual market sizes and forecasts have been provided for all the above-mentioned segments
The study includes the profiles of key players in the market with a significant global and/or regional presence
Table of Contents:
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. Global Home Automation Market Overview, By Type
Chapter 5. Global Home Automation Market Overview, By Application
Chapter 6. Global Home Automation Market Overview, By Region
Chapter 7. Company Profiles
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About Us:
Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market s size, key trends, participants and future outlook of an industry. We intend to become our clients knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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Website: https://adroitmarketresearch.com/industry-reports/home-automation-market
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