Home Automation Market Segments and Key Trends 2015-2025
Home automation provides high end solutions and uses advanced digital technology to automate our products and systems. Home automation provides better efficiency and better performance in automating the home or our household activities to centralized control the system. Consumers want to customized, they want professionally installed systems, which is at their convenience and easy to use.
Home automation provides high end solutions and uses advanced digital technology to automate our products and systems. Home automation provides better efficiency and better performance in automating the home or our household activities to centralized control the system. Consumers want to customized, they want professionally installed systems, which is at their convenience and easy to use.
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<strong>Home</strong> <strong>Automation</strong><br />
<strong>Market</strong><br />
Share, Global <strong>Trends</strong>,<br />
Analysis, Research, Report,<br />
Opportunities,<br />
Segmentation <strong>and</strong> Forecast,<br />
<strong>2015</strong>– <strong>2025</strong><br />
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Report Description<br />
<strong>Home</strong> automation provides high end solutions <strong>and</strong> uses advanced digital technology to<br />
automate our products <strong>and</strong> systems. <strong>Home</strong> automation provides better efficiency <strong>and</strong> better<br />
performance in automating the home or our household activities to centralized control the<br />
system. Consumers want to customized, they want professionally installed systems, which is at<br />
their convenience <strong>and</strong> easy to use. They want to save time, prefer energy efficient or saving<br />
products. In India, Honeywell <strong>and</strong> Tata Power Delhi Distribution announced their Automated<br />
Dem<strong>and</strong> Response (ADR) project for industrial <strong>and</strong> commercial facilities. With the help of<br />
Honeywell technology, Tata Power Delhi distribution will link more than 160 buildings in its<br />
distribution network. It would include power management during periods of peak consumption.<br />
Recently, Swann One is launched by Swann security that allows users to control their security<br />
cameras, lights, AC’s, locks through Swann One app. It is a multi-faceted home automation<br />
system. This app is also compatible with cloud storage solutions <strong>and</strong> audio analytics. Mouser<br />
Electronics is collaborating with Air Corp, TE Connectivity, <strong>and</strong> Factory <strong>Automation</strong> System to<br />
announce a new <strong>Home</strong> <strong>and</strong> Factory <strong>Automation</strong> Series. This series is a part of Empowering<br />
Innovation Together program, which would focus on that would focus on innovative automation<br />
technologies that was only seen in science fiction TV shows or movies.
Report Description<br />
<strong>Home</strong> <strong>Automation</strong> <strong>Market</strong>: Drivers & Restraints<br />
Increase dem<strong>and</strong> of smart phone based app for home automation, increase consumer<br />
awareness about energy consuming products, technological advancement, convenience factor,<br />
rapid mobile connectivity, urbanization, <strong>and</strong> change in lifestyle are the most important driving<br />
factors, which are driving the growth of the home automation market. Since home automation<br />
provides safety, security <strong>and</strong> high advance technology advance, the dem<strong>and</strong> for home<br />
automation market has increased.<br />
<strong>Home</strong> automation products are not considered a necessity or a must buy. Their high initial<br />
installation cost is also very high, which is acting as a barrier for home automation market.<br />
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766<br />
<strong>Home</strong> automation products are not considered a necessity or a must buy. Their high initial<br />
installation cost is also very high, which is acting as a barrier for home automation market.<br />
<strong>Home</strong> <strong>Automation</strong> <strong>Market</strong>: Segmentation<br />
<strong>Home</strong> automation market is broadly classified on the basis of the following segments –<br />
By Product:<br />
• Luxury home <strong>Automation</strong> System
Report Description<br />
• Mainstream <strong>Home</strong> <strong>Automation</strong> System<br />
• Managed <strong>Home</strong> <strong>Automation</strong> System<br />
• DIY(Do It Yourself <strong>Home</strong> <strong>Automation</strong> System)<br />
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By Applications:<br />
• Safety <strong>and</strong> Security<br />
• Lighting<br />
• Entertainment (Audio <strong>and</strong> Video)<br />
• Heating, Ventilation <strong>and</strong> Air conditioning<br />
• Others<br />
By Networking Technology:<br />
• Wired <strong>Home</strong> <strong>Automation</strong> System<br />
• Wireless <strong>Home</strong> <strong>Automation</strong> System<br />
• Computing Network <strong>Home</strong> <strong>Automation</strong> System<br />
• Others<br />
<strong>Home</strong> <strong>Automation</strong> <strong>Market</strong>: Overview<br />
The home automation market has grown substantially at a healthy CAGR due to advancement in<br />
technology.
Report Description<br />
With rising disposable income <strong>and</strong> increasing dem<strong>and</strong> for high end products which are energy<br />
consuming, home automation market is expected to grow globally. North America will emerge<br />
as the fastest growing region in home automation market in the forecast period.<br />
<strong>Home</strong> <strong>Automation</strong> <strong>Market</strong>: Region-wise Outlook<br />
The home automation market is expected to register a double-digit CAGR for the forecast<br />
period. Depending on geographic regions, home automation market is segmented into seven<br />
key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan,<br />
<strong>and</strong> Middle East & Africa. North America dominates the global home automation due to<br />
advancement in technology, consumer awareness <strong>and</strong> fast internet connectivity. North America<br />
is followed by Europe <strong>and</strong> Asia Pacific in the home automation market globally.<br />
<strong>Home</strong> <strong>Automation</strong> <strong>Market</strong>: <strong>Key</strong> Players<br />
Some of the key market players in home automation market are AMX, ADT Pulse, Control4<br />
Corporation, Crestron, Vera, <strong>Home</strong>Seer, SmartThings, Frontpoint, Savant, Siemens AG, Johnson<br />
Controls, Honeywell.
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