The “Home Automation to 2025 by Product (Entertainment
Centers, Security & Access Control, Lighting Control, Climate Control and
Outdoor Automation System) and Networking (Wired, Wireless and Power-Line) –
Global Analysis and Forecast” The scope of study involves understanding on the
factors responsible for this growth of Home Automation market along with the
estimates and forecasts of the revenue and market share analysis and also spots
the significant Home Automation players in the market and their key
developments.
Home Automation Market to 2025 – Global Analysis and
Forecast by Products, and Networking, Home Automation market is expected to
reach US$ 113.82 billion by 2025 from US$ 35.24 billion in 2016. Home
Automation market is described as a range of on-premises or cloud-based
capabilities that enable a house control its various operations such as in-door
temperature, lights, entertainment units and security controls with the help of
devices, such as smartphone, tablets and sensor remote controls. The concept of
home automation has been in existence since long, however, lately, due to the
suitable confluence of vital market, strategic, regulatory and technology
trends, the home automation market is expected to witness a new phase in its
growth trend.
The market is majorly driven by the robust new entrants into
the home automation space, including broadband service providers, who are
already penetrating into consumer homes, on looking novel growth opportunities
in order to reduce their churn and increase ARPU. For instance, the broadband
service providers in U.S, which includes Comcast, AT&T and Verizon have
exhibited robust improvisations for the home automation market. Also, the
technologies are collaborating in order to focus more upon interoperability and
standardization of the systems, even as cost of software, chipset and modules
is trending down.
The global home automation market by geography is segmented
into six region including North America, Europe, Asia Pacific, Middle East
& Africa and South America. North America is expected to account for the
largest share of the global home automation market in 2016, followed by Europe.
Germany and UK being two key countries in Europe region which will lead home
automation market in this region and is also expected to continue its dominance
throughout the forecast period from 2016 to 2025. The report profiles key
players such Johnson Controls, Siemens AG, Legrand, Schneider Electric SE,
Honeywell International, Inc., Control4 Corporation, ABB Ltd, Creston
Electronics, Inc., Leviton Manufacturing Company, Inc., and Lutron among
others.
The report segments the global home automation market as
follows:
Global Home Automation Market – By Product
Entertainment Centers
Security & Access Control
Lighting Control
Climate Control
Outdoor Automation System
Global Home Automation Market – By Networking
Wired Home Automation Systems
Wireless Home Automation Systems
Power-Line Home Automation Systems
Global Home Automation Market – By Geography
North America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
Spain
U.K.
Rest of Europe
Asia Pacific (APAC)
Japan
China
India
Australia
Rest of APAC
Middle East & Africa (MEA)
Saudi Arabia
U.A.E.
South Africa
Rest of MEA
South America (SA)
Brazil
Rest of SA