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Report
North America Home Automation Systems Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-09-04 I 120 Pages I IMARC Group
Market Overview:
The North America home automation systems market size reached US$ 28.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 47.7 Billion by 2028, exhibiting a growth rate (CAGR) of 9.3% during 2023-2028.
Home automation systems, also known as domotics, refer to technological solutions designed for automatically controlling various electronic devices installed in a house. They can control and monitor air-conditioning, heating, lighting, power control, entertainment and, fire and security. These systems enable an individual to easily monitor his home using a computer interface on a tablet or a smartphone, based on personal preferences. At present, aspirational lifestyles and a drive to achieve a high standard of living are influencing consumers to invest in sophisticated technologies like home automation systems. Besides this, the evolution and mass commercialization of smart homes has led to a large-scale modification in this market.
The North America home automation systems market is currently driven by several factors. Rising consumer awareness about technological innovations and optimized energy consumption are some of the factors that are supporting the growth of the market in the region. Moreover, home automation systems help in saving a significant amount of energy and utility costs as they can be used for regulating outlets or appliances, thereby enhancing the product demand. In addition to this, increased need for safety and compliance with the stringent government regulations have also fueled the market growth. Furthermore, owing to the emergence of several modern renovation and redecoration trends, the overall demand for home automation systems is projected to escalate in North America in the next few years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the North America home automation systems market report, along with forecasts at the regional and country levels from 2023-2028. Our report has categorized the market based on application and type.
Key Regions Analysed
United States
Canada
Mexico
Analysis for Each Country
Market by Application
Lighting Control
Security and Access Control
HVAC Control
Entertainment
Others
Market by Type
Luxury (Custom) Home Automation Systems
Mainstream Home Automation Systems
DIY (Do-it-yourself) Home Automation Systems
Managed Home Automation Systems
Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
PESTEL Analysis
Government Regulations
Competitive Landscape
Competitive Structure
Key Player Profiles
Key Questions Answered in This Report:
How has the North America home automation systems market performed so far and how will it perform in the coming years?
What are the key regions in the North America home automation systems market?
What has been the impact of COVID-19 on the North America home automation systems market?
What is the breakup of the North America home automation systems market on the basis of application?
What is the breakup of the North America home automation systems market on the basis of type?
What are the various stages in the value chain of the North America home automation systems industry?
What are the key driving factors and challenges in the North America home automation systems industry?
What is the structure of the North America home automation systems industry and who are the key players?
What is the degree of competition in the North America home automation systems industry?
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 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Home Automation Systems Market
5.1 Market Performance
5.2 Market Breakup by Application
5.3 Market Breakup by Type
5.4 Market Breakup by Region
5.5 Market Forecast
6 North America Home Automation Systems Market
6.1 Market Performance
6.2 Impact of COVID-19
6.3 Market Forecast
7 North America Home Automation Systems Market: Breakup by Application
7.1 Lighting Control
7.2 Security and Access Control
7.3 HVAC Control
7.4 Entertainment
7.5 Others
8 North America Home Automation Systems Market: Breakup by Type
8.1 Luxury (Custom) Home Automation Systems
8.2 Mainstream Home Automation Systems
8.3 DIY (Do-it-yourself) Home Automation Systems
8.4 Managed Home Automation Systems
9 North America Home Automation Systems Market: Breakup by Country
9.1 United States
9.1.1 Historical Market Trends
9.1.2 Market Breakup by Application
9.1.3 Market Breakup by Type
9.1.4 Market Forecast
9.2 Canada
9.2.1 Historical Market Trends
9.2.2 Market Breakup by Application
9.2.3 Market Breakup by Type
9.2.4 Market Forecast
9.3 Mexico
9.3.1 Historical Market Trends
9.3.2 Market Breakup by Application
9.3.3 Market Breakup by Type
9.3.4 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
11.1 Overview
11.2 Product Manufacturer
11.3 Dealer/Distributor
11.4 Consultant/Architect
11.5 System Integrator
11.6 Electrical Contractor
11.7 End-User
12 Porter's Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Rivalry
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
Figure 1: North America: Home Automation Systems Market: Major Drivers and Challenges
Figure 2: Global: Home Automation Systems Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Home Automation Systems Market: Breakup by Application (in %), 2022
Figure 4: Global: Home Automation Systems Market: Breakup by Type (in %), 2022
Figure 5: Global: Home Automation Systems Market: Breakup by Region (in %), 2022
Figure 6: Global: Home Automation Systems Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 7: North America: Home Automation Systems Market: Sales Value (in Billion US$), 2017-2022
Figure 8: North America: Home Automation Systems Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 9: North America: Home Automation Systems Market: Breakup by Application (in %), 2022
Figure 10: North America: Home Automation Systems (Lighting Control) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: North America: Home Automation Systems (Lighting Control) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: North America: Home Automation Systems (Security and Access Control) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: North America: Home Automation Systems (Security and Access Control) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: North America: Home Automation Systems (HVAC Control) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: North America: Home Automation Systems (HVAC Control) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: North America: Home Automation Systems (Entertainment) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: North America: Home Automation Systems (Entertainment) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: North America: Home Automation Systems (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: North America: Home Automation Systems (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: North America: Home Automation Systems Market: Breakup by Type (in %), 2022
Figure 21: North America: Home Automation Systems (Luxury Home Automation Systems) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: North America: Home Automation Systems (Luxury Home Automation Systems) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: North America: Home Automation Systems (Mainstream Home Automation Systems) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: North America: Home Automation Systems (Mainstream Home Automation Systems) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: North America: Home Automation Systems (Do-it-yourself- Home Automation Systems) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: North America: Home Automation Systems (Do-it-yourself- Home Automation Systems) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: North America: Home Automation Systems (Managed Home Automation Systems) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: North America: Home Automation Systems (Managed Home Automation Systems) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: North America: Home Automation Systems Market: Breakup by Country (in %), 2022
Figure 30: United States: Home Automation Systems Market: Sales Value (in Million US$), 2017-2022
Figure 31: United States: Home Automation Systems Market: Breakup by Application (in %), 2022
Figure 32: United States: Home Automation Systems Market: Breakup by Type (in %), 2022
Figure 33: United States: Home Automation Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Canada: Home Automation Systems Market: Sales Value (in Million US$), 2017-2022
Figure 35: Canada: Home Automation Systems Market: Breakup by Application (in %), 2022
Figure 36: Canada: Home Automation Systems Market: Breakup by Type (in %), 2022
Figure 37: Canada: Home Automation Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Mexico: Home Automation Systems Market: Sales Value (in Million US$), 2017-2022
Figure 39: Mexico: Home Automation Systems Market: Breakup by Application (in %), 2022
Figure 40: Mexico: Home Automation Systems Market: Breakup by Type (in %), 2022
Figure 41: Mexico: Home Automation Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: North America: Home Automation Systems Industry: SWOT Analysis
Figure 43: North America: Home Automation Systems Industry: Value Chain Analysis
Figure 44: North America: Home Automation Systems Industry: Porter's Five Forces Analysis
Table 1: North America: Home Automation Systems Market: Key Industry Highlights, 2022 and 2028
Table 2: North America: Home Automation Systems Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 3: North America: Home Automation Systems Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 4: North America: Home Automation Systems Market Forecast: Breakup by Country (in Million US$), 2023-2028
Table 5: North America: Home Automation Systems Market: Competitive Structure
Table 6: North America: Home Automation Systems Market: Key Players
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