Global Home Automation Market Size, Share, Forecast Report, 2020-2027

The global Home Automation market garnered revenue around USD 69.5 Billion in 2019 and projected to reach USD 124.1 Billion in 2027, with at a compound annual growth rate of XX% throughout the estimate period from 2020 to 2027.

The automation industry, which is in a re-evaluation stage, is witnessing significant technological advancements. Developments in building automation industry, that witnessed introduction of upgraded devices and technology, also known as Smart Home and Smart Building, has changed the way products and services are being delivered. With focus on enhancing consumer experience, these technologies are witnessing continues research and development to equip the products as per compatibility with Smart & Sustainable Home and Building projects.

This research report encompasses precise assessment of the market with the help of comprehensive qualitative insights and supportable prognoses regarding market size, consumption and production. The projections presented in the report have been derived using proven research methodologies and assumptions. It does so by means of comprehensive qualitative insights, historical statistics, and verifiable predictions about market revenue and sales.

The rapidly budding threat owed to the eruption of COVID-19 is impacting lives, communities, businesses, and industries across the globe. With businesses shuttered, flights grounded, COVID-19 is about to affect the global economy in different ways such as by directly upsetting production and demand, by generating supply chain disruption, and by its financial impact on firms and financial markets. Therefore, this report covers COVID-19 outbreak impact analysis on the Home Automation market under the research study. The market estimates offered in the report are the outcome of in-depth extensive secondary research, primary interviews and in-house professional assessments. These market evaluations have been measured by reviewing the impact of numerous social, political and economic factors coupled with recent market dynamics affecting the Home Automation market growth.

The global Home Automation market is characterized by the presence of numerous small as well as medium scale companies. These players are largely focused towards forward integration via raw material production, product manufacturing, and distribution across various industry verticals. The report recognizes numerous crucial manufacturers of the market. This research study aids to comprehend the strategies and associations that companies are converging to survive in this competitive marketplace. This report assists in understanding footprints of the manufacturers with the help of their global revenue, production, capacity and average selling price analysis for period 2016-2027.

Major manufacturers analysed under this study comprises:

• Honeywell International Inc.,

• ABB Ltd.,

• Johnson Controls, Inc.,

• Crestron Electronics, Inc.,

• United Technologies Corporation,

• Control4 Corporation,

• Schneider Electric SE,

• Siemens AG,

• Lutron Electronics Co., Inc, I

• ngersoll-Rand plc,

• Legrand SA, Savant Systems LLC,

• ADT LLC, Google Inc.,

• Amazon Inc.,

• AMX LLC,

• 2GIG Technologies, and

• SmartThings Inc.

This report delivers market breakdown and its revenue, consumption, production analysis and projections by categorizing it depending on parameters such as type, application/end-user, and region. This research report delivers the analysis and prognosis of revenue, production, price, market share and growth trend for different products such as:

The global home automation market is segmented based on:

Application

• Safety and Security

• Access Control

• Lighting System

• Entertainment System

• Heating Ventilation and Air Conditioning (HVAC)

• Other Controls

Technology

• Wired

• Wireless

Channel

• Luxury

• Mainstream

• DIY

• Managed

Region

• North America

o US

o Canada

• Europe

o Germany

o France

o Italy

o Spain

o U.K.

o Rest of Europe

• Middle East and Africa

o GCC Countries

o South Africa

o Rest of Middle East & Africa

• Asia Pacific

o China

o Japan

o India

o Australia & New Zealand

o Rest of Asia Pacific

• Latin America

o Brazil

o Mexico

o Rest of Latin America

Regional Analysis and Forecast

Further, this research study analyses market size, production, consumption and its advancement trends at global, regional, and country level for period 2016 to 2027 and covers following region in its scope:

• North America

 U.S.

 Canada

• Europe

 Germany

 U.K.

 Italy

 France

 Rest of EU

• Asia Pacific

 China

 India

 Japan

 Southeast Asia

 Rest of APAC

• Central & South America

 Brazil

 Argentina

 Rest of Central & South America

• Middle East and Africa

 UAE

 Saudi Arabia

 Rest of MEA