Home Automation Market to see Rapid Growth by 2028

The Home Automation Market size is anticipated to reach USD 114 Billion by 2028. Home automation is the utilization of intelligent terminals, which are automated systems that control household appliances and equipment. Rising awareness of efficient energy use, rising electricity prices and technological advancements are expected to drive the home automation market growth. Additionally, rising safety and security concerns have spurred adoption of home automation systems, accelerating market growth.

Company Profile

• Crestron Electronics Inc.
• AMX LLC (Harman)
• ABB Ltd.
• Control4 Corporation
• Honeywell International Inc.
• Johnson Controls Inc.
• Siemens AG

Market Segmentation

By Application

• Lighting
• Safety & Security
• HVAC
• Entertainment

By Technology

• Wired
• Wireless

By Type

• Luxury
• Do it Yourself (DIY)
• Managed
• Mainstream

Scope of the Report

The research study analyzes the Home Automation Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Home Automation Market Report

1. What was the Home Automation Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Home Automation Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Home Automation Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

Key Benefits of Buying the Home Automation Market Report:

• Comprehensive analysis of the changing competitive landscape.
• Assists in decision making processes for the businesses along with detailed strategic planning methodologies.
• The report offers an 8-year forecast and assessment of the Home Automation
• Helps in understanding the key product segments and their estimated growth rate.
• In-depth analysis of market drivers, restraints, trends, and opportunities.
• Comprehensive regional analysis of the Home Automation
• Extensive profiling of the key stakeholders of the business sphere.
• Detailed analysis of the factors influencing the growth of the Home Automation Market.