North America was the largest
market accounting for 35.7% of the share in 2016, owing to the adoption of the
technology and availability of affordable solutions is expected to augment
market growth. Europe is expected to witness sluggish growth over the forecast
period on account of market saturation. Factors such as awareness towards
security & safety of property, particularly in countries such as Germany,
UK and France, is expected to drive the market over the forecast period. Asia
Pacific, Central & South America, and the Middle East are expected to lead
the global home automation market in the next few years.
Browse Details of Report @ https://www.hexaresearch.com/research-report/home-automation-market
Wireless systems were extensively
used and are expected to witness a growth at an 11.7% CAGR on account of shift
of consumers to a hands-free method of operation. Computing network is
anticipated to achieve substantial growth in future owing to the availability
of wearable computing devices and high-speed internet connectivity.
Safety & security was the
largest contributor and is expected to witness the fastest growth on account of
advancement of technology such as biometric enabled lock system, camera feeds,
and alarm systems which prevent theft and burglary. Mainstream automation
systems are expected to witness significant growth in upcoming years on account
of its ability to integrate all smart electronic appliances to form one
intelligent system which can be accessible by the user.
Custom automation systems are
anticipated to grow on account of its ability to provide features which suit
the personal requirement of the customer. Moreover, these systems are available
over a broad price range, thus, providing a consumer with the option of picking
and choosing functions that suit their homes.
Hexa Research has segmented the
global home automation market based on technology, application, type and
region:
Segmentation by networking technology, 2014 - 2024 (USD Million)
• Wired systems
• Power-line systems
• Computing networks
• Wireless systems
Segmentation by application, 2014 - 2024 (USD Million)
• Lighting
• Safety & security
• HVAC
• Entertainment
• Energy management
• Others
Segmentation by type, 2014 - 2024 (USD Million)
• Custom Automation
• Mainstream Automation System
• Do-It-Yourself (DIY)
• Managed Home Automation
Segmentation by region, 2014 - 2024 (USD Million)
• North America
• U.S.
• Europe
• Germany
• UK
• Asia Pacific
• China
• Central & South America
• Brazil
• MEA
Key players analyzed
• Siemens AG
• ABB
• Honeywell
• Crestron Electronics, Inc.
• Schneider Electric
• Johnson Controls, Inc.
• Control4 Corporation
• Ingersoll-Rand PLC
• Legrand
• Leviton Manufacturing Company, Inc.
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/technology-industry
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consulting services to a host of key industries across the globe. We offer
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undertake strategic growth initiatives.
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