With the slowdown in world economic growth, the Home Automation & Control industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Home Automation & Control market size to maintain the average annual growth rate of XXX from XXX million $ in 2014 to XXX million $ in 2018, Stratagem Market Insights analysts believe that in the next few years, Home Automation & Control market size will be further expanded, we expect that by 2023, The market size of the Home Automation & Control will reach XXX million $.
Increasing number of smartphone users is expected to propel growth of the global home automation & control market over the forecast period. For instance, according to Pew Research Center, 76% of adults in the U.K. owned a smartphone in 2018. Moreover, launch of new products is also expected to aid in growth of the market. For instance, in November 2020, N Zebronics India launched its new smart home automation camera “Zeb-SmartCam 100”
Increasing number of housing units is also expected to offer lucrative growth opportunities for players in the global home automation & control market. For instance, according to the U.S. Census Bureau, in February 2020, there were 1,464,000, building permits, 1,599,000 housing starts, and 1,316,000, housing completions in the U.S. Moreover, increasing disposable income is also aid in growth of the market. For instance, according to the Bureau of Economic Analysis, the personal income in the U.S. increased U$ 106.8 billion (0.6 percent) in February 2020 and disposable personal income increased US$ 88.7 billion (0.5 percent) and personal consumption expenditures increased $27.7 billion (0.2 percent).
However, home automation service failure is expected to hinder growth of the global home automation & control market. For instance, in January 2021, Wink, a home automation service, suffered a connectivity issue that shut down its equipment.
Major players operating in the global home automation & control market are focused on adopting collaboration strategies to expand their product portfolio. For instance, in February 2021, URC collaborated with Rollease Acmeda, a window covering supplier, to integrate Total Control, URC’s residential and commercial automation platform, and Automate’s shade system.
Major players operating in the global home automation & control market are also focused on launching new products to expand their product portfolio. For instance, in February 2021, Legrand India launched its new range of wiring device 'Myrius Next Gen’.
Key Takeaways
- Increasing number of smartphone users is expected to propel growth of the global home automation & control market over the forecast period
- Major players operating in the global home automation & control market are focused on launching new products to expand their product portfolio. For instance, in February 2021, Wyze launched color bulbs to extend its budget home automation line.
- Major players operating in the global home automation & control market include, Schneider Electric, Vantage Controls, Crestron Electronics, Legrand India, URC, Amazon Inc., iControl Networks, Honeywell, AMX, Johnson Controls, ADT, Siemens, and 2GIG Technologies
This Report covers the manufacturers' data, including: shipment, price, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data.
Besides, the report also covers segment data, including: type segment, industry segment, channel segment etc. cover different segment market size, both volume and value. Also cover different industries clients information, which is very important for the manufacturers.
Section 1: Definition
Section (2 3): Manufacturer Detail
Schneider Electric
Vantage Controls
Crestron Electronics
iControl Networks
HoneywelL
AMX
Johnson Controls
ADT
Siemens
2GIG Technologies
Section 4: Region Segmentation
North America Country (United States, Canada)
South America
Asia Country (China, Japan, India, Korea)
Europe Country (Germany, UK, France, Italy)
Other Country (Middle East, Africa, GCC)
Section (5 6 7):
Product Type Segmentation
Home Automation System
Mainstream Home Automation System
Managed Home Automation System
Industry Segmentation
Lighting
HVAC
Entertainment
Safety and Security
Channel (Direct Sales, Distributor) Segmentation
Section 8: Trend (2018-2023)
Section 9: Product Type Detail
Section 10: Downstream Consumer
Section 11: Cost Structure
Section 12: Conclusion
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