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Report
Home Automation System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-07-05 I 148 Pages I IMARC Group
Market Overview:
The global home automation system market size reached US$ 74.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 124.1 Billion by 2028, exhibiting a growth rate (CAGR) of 8.4% during 2023-2028.
Home automation, or a smart home system, involves the incorporation of intelligent technology into homes for safety, comfort, and energy conservation. It includes the control and computerization of lighting, heating, ventilation, and air conditioning (HVAC), and security systems. With time, digitization has increased the consumer spending on home automation systems which enable homeowners to control, monitor and automate various functions, appliances and systems around the house with the touch of a button. This evolution of automated homes has resulted in integrated and centralized control of operations, making the lives of users more comfortable and convenient.
Home automation systems are gaining traction across the globe due to their various advantages such as notifying the users about intruders and activities at their homes, which in turn aids in preventing potential crimes. They also help in minimizing energy consumption and increasing operational efficiency. Besides this, improving living standards and the availability of affordable home automation solutions have encouraged consumers from all income segments to install these systems in their homes. Furthermore, with the use of Internet of Things (IoT) in these systems, everything from appliances to security systems can be controlled with smart home devices. This technology also enables users to monitor their home from another location using an interface on a computer, tablet or smartphone. Owing to this, several technology giants like Apple, Google, Microsoft and Samsung have invested in the home automation business.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global home automation system market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on application and type.
Breakup by Application:
Lighting control
Security and access control
HVAC control
Entertainment and other controls
Entertainment and other controls currently represent the largest application segment.
Breakup by Type:
Luxury (Custom)
Mainstream
DIY (Do-It-Yourself)
Managed
Amongst these, managed home automation systems dominate the market. They involve pre-packaged solutions offered by telecom service providers who align with home automation system companies to provide end-to-end monitoring, control and energy management services.
Regional Insights:
North America
Europe
Asia
Rest of the world
On a geographical front, Asia enjoys the leading position in the market on account of the increasing awareness about home automation systems, new residential projects and rising income levels of consumers.
Competitive Landscape:
The market is highly fragmented in nature, with the presence of numerous manufacturers who compete in terms of prices and quality. Some of the leading players operating in the market are:
Siemens AG
Honeywell International, Inc.
Johnson Controls, Inc.
Schneider Electric SE
Legrand SA
Ingersoll-Rand PLC
ABB Ltd.
Acuity Brands, Inc.
Samsung Electronics Co., Ltd.
Key Questions Answered in This Report:
What are the attractive opportunities in the global home automation system market?
What are the market drivers of the global home automation system market?
What has been the impact of COVID-19 on the global home automation system market?
What are the challenges faced by the global home automation system market?
What are the success and risk factors for the global home automation system market?
What are the historical, current and future market trends in the global home automation system market?
How is the global home automation system market segmented on the basis of the application?
How is the global home automation system market segmented on the basis of the type?
How is the global home automation system market segmented on the basis of geography?
What is the performance of the key players in the global home automation system market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Home Automation System Market
4.1 Overview
4.2 SWOT Analysis
4.2.1 Overview
4.2.2 Strengths
4.2.3 Weaknesses
4.2.4 Opportunities
4.2.5 Threats
4.3 Value Chain Analysis
4.3.1 Product Manufacturer
4.3.2 Dealer/Distributor
4.3.3 Consultant/Architect
4.3.4 System Integrator
4.3.5 Electrical Contractor
4.3.6 End-User
4.4 Attractive Opportunities in the Home Automation System Market
4.5 Porter's Five Forces Model
4.5.1 Threat of New Entrants
4.5.2 Threat of Substitutes
4.5.3 Bargaining Power of Suppliers
4.5.4 Bargaining Power of Buyers
4.5.5 Intensity of Competitive Rivalry
5 Market Dynamics
5.1 Drivers
5.2 Challenges
6 Home Automation System Market
6.1 Market Performance
6.1.1 Volume Trend
6.1.2 Value Trend
6.2 Impact of COVID-19
6.3 Market Breakup by Application
6.4 Market Breakup by Type
6.5 Market Breakup by Region
7 Home Automation System Market: Performance by Application
7.1 Lighting Control
7.1.1 Current and Historical Market Trends
7.1.2 Market Breakup by Region
7.1.3 Market Outlook
7.2 Security and Access Control
7.2.1 Current and Historical Market Trends
7.2.2 Market Breakup by Region
7.2.3 Market Outlook
7.3 HVAC Control
7.3.1 Current and Historical Market Trends
7.3.2 Market Breakup by Region
7.3.3 Market Outlook
7.4 Entertainment and Other Controls
7.4.1 Current and Historical Market Trends
7.4.2 Market Breakup by Region
7.4.3 Market Outlook
8 Home Automation System Market: Performance by Type
8.1 Managed Home Automation Systems
8.1.1 Current and Historical Market Trends
8.1.2 Market Outlook
8.2 Mainstream Home Automation Systems
8.2.1 Current and Historical Market Trends
8.2.2 Market Outlook
8.3 DIY (Do-It-Yourself) Home Automation Systems
8.3.1 Current and Historical Market Trends
8.3.2 Market Outlook
8.4 Luxury (Custom) Home Automation Systems
8.4.1 Current and Historical Market Trends
8.4.2 Market Outlook
9 Home Automation System Market: Performance by Geography
9.1 North America
9.1.1 Historical and Current Market Trends
9.1.2 Market Breakup by Country
9.1.3 Market Breakup by Application
9.1.4 Lighting Control
9.1.4.1 Current and Historical Market Trends
9.1.4.2 Market Outlook
9.1.5 Security and Access Control
9.1.5.1 Current and Historical Market Trends
9.1.5.2 Market Outlook
9.1.6 HVAC Control
9.1.6.1 Current and Historical Market Trends
9.1.6.2 Market Outlook
9.1.7 Entertainment and Other Controls
9.1.7.1 Current and Historical Market Trends
9.1.7.2 Market Outlook
9.1.8 Market Outlook
9.2 Europe
9.2.1 Historical and Current Market Trends
9.2.2 Market Breakup by Country
9.2.3 Market Segmentation by Application
9.2.4 Lighting Control
9.2.4.1 Current and Historical Market Trends
9.2.4.2 Market Outlook
9.2.5 Security and Access Control
9.2.5.1 Current and Historical Market Trends
9.2.5.2 Market Outlook
9.2.6 HVAC Control
9.2.6.1 Current and Historical Market Trends
9.2.6.2 Market Outlook
9.2.7 Entertainment and Other Controls
9.2.7.1 Current and Historical Market Trends
9.2.7.2 Market Outlook
9.2.8 Market Outlook
9.3 Asia
9.3.1 Historical and Current Market Trends
9.3.2 Market Breakup by Country
9.3.3 Market Segmentation by Application
9.3.4 Lighting Control
9.3.4.1 Current and Historical Market Trends
9.3.4.2 Market Outlook
9.3.5 Security and Access Control
9.3.5.1 Current and Historical Market Trends
9.3.5.2 Market Outlook
9.3.6 HVAC Control
9.3.6.1 Current and Historical Market Trends
9.3.6.2 Market Outlook
9.3.7 Entertainment and Other Controls
9.3.7.1 Current and Historical Market Trends
9.3.7.2 Market Outlook
9.3.8 Market Outlook
9.4 Rest of the World
9.4.1 Historical and Current Market Trends
9.4.2 Market Breakup by Country
9.4.3 Market Segmentation by Application
9.4.4 Lighting Control System
9.4.4.1 Current and Historical Market Trends
9.4.4.2 Market Outlook
9.4.5 Security and Access Control
9.4.5.1 Current and Historical Market Trends
9.4.5.2 Market Outlook
9.4.6 HVAC Control
9.4.6.1 Current and Historical Market Trends
9.4.6.2 Market Outlook
9.4.7 Entertainment and Other Controls
9.4.7.1 Current and Historical Market Trends
9.4.7.2 Market Outlook
9.4.8 Market Outlook
10 Competitive Landscape
10.1 Overview
10.2 Competitive Situation and Development
11 Company Profiles
11.1 Siemens AG
11.1.1 Products Offered
11.1.2 Financial Overview
11.2 Honeywell International, Inc.
11.2.1 Products Offered
11.2.2 Financial Overview
11.3 Johnson Controls Inc.
11.3.1 Products Offered
11.3.2 Financial Overview
11.4 Schneider Electric SE
11.4.1 Products Offered
11.4.2 Financial Overview
11.5 Legrand S.A
11.5.1 Products Offered
11.5.2 Financial Overview
11.6 Ingersoll-Rand PLC
11.6.1 Products Offered
11.6.2 Financial Overview
11.7 ABB Ltd.
11.7.1 Products Offered
11.7.2 Financial Overview
11.8 Acuity Brands, Inc.
11.8.1 Products Offered
11.8.2 Financial Overview
11.9 Samsung Electronics Co., Ltd.
11.9.1 Products Offered
11.9.2 Financial Overview
Figure 1: Global: Home Automation System Market: SWOT Analysis
Figure 2: Global: Home Automation System Market: Supply and Value chain structure
Figure 3: Global: Home Automation System Market: Home Automation Ecosystem
Figure 4: Global: Home Automation System Market: Sales Value (in Billion US$), 2017-2022
Figure 5: Global: Home Automation System Market: System Shipments (in '000 Units), 2017-2022
Figure 6: Global: Home Automation System Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 7: Global: Home Automation System Market Forecast: System Shipments (in '000 Units), 2023-2028
Figure 8: Global: Home Automation System Market: Breakup by Application (in %), 2022
Figure 9: Global: Home Automation System Market: Breakup by Type (in %), 2022
Figure 10: Global: Home Automation System Market: Breakup by Region (in %), 2022
Figure 11: Global: Home Automation System Market: Lighting Control Segmentation
Figure 12: Global: Lighting Control Market: Sales Value (in Billion US$), 2017-2022
Figure 13: Global: Lighting Control Market: Breakup by Region (in %), 2022
Figure 14: Global: Lighting Control Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 15: Global: Home Automation System Market: Security and Access Control
Figure 16: Global: Security and Access Control Market: Sales Value (in Billion US$), 2017-2022
Figure 17: Global: Security and Access Control Market: Breakup by Region (in %), 2022
Figure 18: Global: Security and Access Control Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 19: Global: Home Automation System Market: HVAC (Heating, Ventilation, and Air-Conditioning) Control Segmentation
Figure 20: Global: HVAC (Heating, Ventilation, and Air-Conditioning) Control Market: Sales Value (in Billion US$), 2017-2022
Figure 21: Global: HVAC (Heating, Ventilation, and Air-Conditioning) Control Market: Breakup by Region (in %), 2022
Figure 22: Global: HVAC (Heating, Ventilation, and Air-Conditioning) Control Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 23: Global: Home Automation System Market: Entertainment (Home Audio and Video) and Other Controls Market Segmentation
Figure 24: Global: Entertainment (Home Audio and Video) and Other Controls Market: Sales Value (in Billion US$), 2017-2022
Figure 25: Global: Entertainment (Home Audio and Video) and Other Controls Market: Breakup by Region (in %), 2022
Figure 26: Global: Entertainment (Home Audio and Video) and Other Controls Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 27: Global: Managed Home Automation System Shipments Market (in Thousand Units), 2017-2022
Figure 28: Global: Managed Home System Shipments Market Forecast (in Thousand Units), 2023-2028
Figure 29: Global: Mainstream Home Automation System Shipments Market (in Thousand Units), 2017-2022
Figure 30: Global: Mainstream Home Automation System Shipments Market Forecast (in Thousand Units), 2023-2028
Figure 31: Global: DIY (Do-It-Yourself) Home Automation System Shipments Market (in Thousand Units), 2017-2022
Figure 32: Global: DIY (Do-It-Yourself) Home Automation System Shipments Market Forecast (in Thousand Units), 2023-2028
Figure 33: Global: Luxury Home Automation System Shipments Market (in Thousand Units), 2017-2022
Figure 34: Global: Luxury Home Automation System Shipments Market Forecast (in Thousand Units), 2023-2028
Figure 35: North America: Home Automation System Market: Sales Value (in Billion US$), 2017-2022
Figure 36: North America: Home Automation System Market: Breakup by Application (in %), 2022
Figure 37: North America: Lighting Control Market: Sales Value (in Million US$), 2017-2022
Figure 38: North America: Lighting Control Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: North America: Security and Access Control Market: Sales Value (in Billion US$), 2017-2022
Figure 40: North America: Security and Access Control Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 41: North America: HVAC (Heating, Ventilation, and Air-Conditioning) Control Market: Sales Value (in Billion US$), 2017-2022
Figure 42: North America: HVAC (Heating, Ventilation, and Air-Conditioning) Control Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 43: North America: Entertainment (Home Audio and Video) and Other Controls Market: Sales Value (in Billion US$), 2017-2022
Figure 44: North America: Entertainment (Home Audio and Video) and Other Controls Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 45: North America: Home Automation System Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 46: Europe: Home Automation System Market: Sales Value (in Billion US$), 2017-2022
Figure 47: Europe: Home Automation System Market: Breakup by Application (in %), 2022
Figure 48: Europe: Lighting Control Market Forecast: Sales Value (in Million US$), 2017-2022
Figure 49: Europe: Lighting Control Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Europe: Security and Access Control Market: Sales Value (in Billion US$), 2017-2022
Figure 51: Europe: Security and Access Control Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 52: Europe: HVAC (Heating, Ventilation, and Air-Conditioning) Control Market: Sales Value (in Billion US$), 2017-2022
Figure 53: Europe: HVAC (Heating, Ventilation, and Air-Conditioning) Control Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 54: Europe: Entertainment (Home Audio and Video) Control Market: Sales Value (in Billion US$), 2017-2022
Figure 55: Europe: Entertainment (Home Audio and Video) Control Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 56: Europe: Home Automation System Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 57: Asia: Home Automation System Market: Sales Value (in Billion US$), 2017-2022
Figure 58: Asia: Home Automation System Market: Breakup by Application (in %), 2022
Figure 59: Asia: Lighting Control Market: Sales Value (in Million US$), 2017-2022
Figure 60: Asia: Lighting Control Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Asia: Security and Access Control Market: Sales Value (in Billion US$), 2017-2022
Figure 62: Asia: Security and Access Control Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 63: Asia: HVAC (Heating, Ventilation, and Air-Conditioning) Control Market: Sales Value (in Billion US$), 2017-2022
Figure 64: Asia: HVAC (Heating, Ventilation, and Air-Conditioning) Control Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 65: Asia: Entertainment (Home Audio and Video) Control Market: Sales Value (in Billion US$), 2017-2022
Figure 66: Asia: Entertainment (Home Audio and Video) Control Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 67: Asia: Home Automation System Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 68: ROW: Home Automation System Market: Sales Value (in Billion US$), 2017-2022
Figure 69: ROW: Home Automation System Market: Breakup by Application (in %), 2022
Figure 70: ROW: Lighting Control Market: Sales Value (in Million US$), 2017-2022
Figure 71: ROW: Lighting Control Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: ROW: Security and Access Control Market: Sales Value (in Billion US$), 2017-2022
Figure 73: ROW: Security and Access Control Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 74: ROW: HVAC (Heating, Ventilation, and Air-Conditioning) Control Market: Sales Value (in Billion US$), 2017-2022
Figure 75: ROW: HVAC (Heating, Ventilation, and Air-Conditioning) Control Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 76: ROW: Entertainment (Home Audio and Video) Control Market: Sales Value (in Billion US$), 2017-2022
Figure 77: ROW: Entertainment (Home Audio and Video) Control Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 78: ROW: Home Automation System Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 79: Siemen AG: Revenue Breakup by Division (in %)
Figure 80: Siemens AG: Sales Value (in Billion US$)
Figure 81: Siemen AG: Revenue Breakup by Region (in %)
Figure 82: Honeywell International, Inc.: Revenue Breakup by Division (in %)
Figure 83: Honeywell International Inc.: Financial Data
Figure 84: Honeywell International, Inc.: Revenue Breakup by Region (in %)
Figure 85: Johnson Controls, Inc.: Revenue Breakup by Division (in %)
Figure 86: Johnson Controls Inc.: Sales Value (in Billion US$)
Figure 87: Johnson Controls, Inc.: Revenue Breakup by Region (in %)
Figure 88: Schneider Electric SE: Revenue Breakup by Division (in %)
Figure 89: Schneider Electric SE: Sales Value (in Billion US$)
Figure 90: Schneider Electric SE: Revenue Breakup by Region (in %)
Figure 91: Legrand S.A: Sales Value (in Billion US$)
Figure 92: Legrand S.A: Revenue Breakup by Region (in %)
Figure 93: Ingersoll-Rand PLC: Revenue Breakup by Division (in %)
Figure 94: Ingersoll-Rand PLC: Sales Value (in Billion US$)
Figure 95: Ingersoll-Rand PLC: Revenue Breakup by Region (in %)
Figure 96: ABB Ltd: Revenue Breakup by Division (in %)
Figure 97: ABB Ltd.: Sales Value (in Billion US$)
Figure 98: ABB Ltd: Revenue Breakup by Region (in %)
Figure 99: Acuity Brands, Inc.: Revenue Breakup by Division (in %)
Figure 100: Acuity Brands, Inc.: Sales Value (in Billion US$)
Figure 101: Acuity Brands, Inc.: Revenue Breakup by Region (in %)
Figure 102: Ingersoll-Rand PLC: Revenue Breakup by Division (in %)
Figure 103: Legrand S.A: Revenue Breakup by Region (in %), 2022
Figure 104: Samsung Electronics Co., Ltd.: Revenue Breakup by Division (in %)
Figure 105: Samsung Electronics Co., Ltd.: Sales Value (in Billion US$)
Figure 106: Samsung Electronics Co., Ltd.: Revenue Breakup by Region (in %)
Table 1: Global: IT Leaders in the Home Automation Technology Developments
Table 2: Global: Home Automation System Market: Key Industry Highlights 2022 and 2028
Table 3: Global: Home Automation System Market Forecast: Breakup by Application (in Billion US$), 2023-2028
Table 4: Global: Home Automation System Market Forecast: Breakup by Type (in Billion US$), 2023-2028
Table 5: Global: Home Automation System Market Forecast: Breakup by Region (in Billion US$), 2023-2028
Table 6: Global: Home Automation System Market: Competitive Structure
Table 7: Global: Home Automation System Market: Key Players
Table 8: Global: Notable Startups in the Home Automation Sector
Table 9: Siemens AG: Financial Data
Table 10: Honeywell International Inc.: Financial Data
Table 11: Johnson Controls Inc.: Financial Data
Table 12: Schneider Electric SE: Financial Data
Table 13: Legrand S.A: Financial Data
Table 14: Ingersoll-Rand PLC: Financial Data
Table 15: ABB Ltd: Financial Data
Table 16: Acuity Brands, Inc.: Financial Data
Table 17: Samsung Electronics Co., Ltd.: Financial Data
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