Home Automation Market (Component: Safety and Security, Access Control, Lighting System, Entertainment System, Heating Ventilation and Air Conditioning (HVAC), Others; Technology: Wired, Wireless) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031

Publish Date: Oct 2022

Report Code: TMR697B

Publisher: Transparency

Single User License: $5795

Explore Our Services

Already a member? Login here.

Report Highlights

Home Automation Market – Scope of Report

TMR’s report on the global home automation market studies the past as well as the current growth trends and opportunities to gain valuable insights of the indicators of the market during the forecast period from 2022 to 2031. The report provides revenue of the global home automation market for the period 2017–2031, considering 2021 as the base year and 2031 as the forecast year. The report also provides the compound annual growth rate (CAGR %) of the global home automation market from 2022 to 2031.

The report has been prepared after an extensive research. Primary research involved bulk of the research efforts, wherein analysts carried out interviews with key opinion leaders, industry leaders, and opinion makers. Secondary research involved referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the home automation market.

Secondary research also included Internet sources, statistical data from government agencies, websites, and trade associations. Analysts employed a combination of top-down and bottom-up approaches to study various attributes of the global home automation market.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Moreover, the report sheds light on the changing competitive dynamics in the global home automation market. These serve as valuable tools for existing market players as well as for entities interested in participating in the global home automation market.

The report delves into the competitive landscape of the global home automation market. Key players operating in the global home automation market have been identified and each one of these has been profiled, in terms of various attributes. Company overview, financial standings, recent developments, and SWOT are attributes of players in the global home automation market profiled in this report.

RESEARCH METHODOLOGY

The research methodology will be a combination of exhaustive primary and secondary research to analyze the market home automation.

Secondary Research

Secondary research includes a search of company literature, technical writing, patent data, Internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise data, capturing industry participants’ insights, and recognizing business opportunities.

Secondary research sources that we typically refer, but are not limited to:

  • Company websites, presentations, annual reports, white papers, technical paper, product brochure
  • Internal and external proprietary databases and relevant patents
  • National government documents, statistical databases, and market reports
  • News articles, press releases, and webcasts specific to companies operating in the market

Specific Secondary Sources:

  • Industry Sources:
  • WorldWideScience.org
  • Elsevier, Inc.
  • National Institutes of Health (NIH)
  • PubMed
  • NCBI
  • Department of Health Care Service
  • Trade Data Sources
  • Trade Map
  • UN Comtrade
  • Trade Atlas
  • Company Information
  • OneSource Business Browser
  • Hoover’s
  • Factiva
  • Bloomberg
  • Mergers & Acquisitions
  • Thomson Mergers & Acquisitions
  • MergerStat
  • Profound

Primary Research

During the course of research, we conduct in-depth interviews and discussions with a wide range of key industry participants and opinion leaders. Primary research represents bulk of research efforts, supplemented by extensive secondary research.

We conduct primary interviews on the ongoing basis with industry participants and commentators to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides first-hand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews, as well as face-to-face interviews for each market, category, segment, and sub-segment across geographies

Participants who typically take part in such a process include, but are not limited to:

  • Industry participants: Marketing/product managers, market intelligence managers, and regional sales managers
  • Purchasing/Sourcing managers, technical personnel, distributors
  • Outside experts: Investment bankers, valuation experts, and research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry verticals

List of primary participants, but not limited to:

  • Advanced Oncotherapy PLC
  • Danfysik A/S
  • Hitachi, Ltd.
  • IBA Worldwide
  • Mevion Medical Systems, Inc.

Report Synopsis

Report Metrics Details
Base year considered 2022
Forecast period considered 2022-2031
Growth rate 16.60%
Units considered $ Billion
Segments covered By Component, By Technology, By Type, By Region
Industry covered Electronics and Semiconductors
Countries covered North America, Europe, Asia Pacific, Middle East & Africa, South America
Companies studied
  • ABB Ltd.,
  • Honeywell International Inc.,
  • Crestron Electronics, Inc.,
  • HARMAN,
  • Lutron Electronics Co., Inc,
  • Johnson Controls International,
  • Legrand SA
  • Savant Systems, Inc,
  • Nice North America LLC,
  • SAMSUNG,
  • Siemens AG,
  • Schneider Electric SE,
  • Snap One, LLC

Data Triangulation: Information culled from “Secondary & Primary Sources” is cross-checked with “TMR Knowledge Repository”, which is updated every quarter.

Market Estimation: Market size estimations involved in-depth study of product features, technology updates, geographic presence, product demand, sales data (value or volume), historical year-on-year growth, and others. Other approaches were also utilized to derive market size and forecasts. Where no hard data was available, we employed modeling techniques in order to produce comprehensive datasets. A rigorous methodology has been adopted, wherein the available hard data are cross-referenced with the following data types to produce estimates:

Demographic Data: Healthcare expenditure, inflation rates, and others

Industry Indicators: R&D investment, technology stage, and infrastructure, sector growth, and facilities

Market Forecasting: Market forecasts for various segments are derived taking into account drivers, restraints/challenges, and opportunities prevailing in the market and considering advantages/disadvantages of segments/sub-segments over other segments/sub-segments. Business environment, historical sales pattern, unmet needs, competitive intensity, and country-wise surgery data are some of the other pivotal factors, which are considered to derive market forecasts.

  • Table 1 : Global Home Automation Market Size & Forecast, by Component, Value (US$ Bn), 2017–2031
  • Table 2 : Global Home Automation Market Size & Forecast, by Component, Volume (Million Units), 2017–2031
  • Table 3 : Global Home Automation Market Size & Forecast, by Technology, Value (US$ Bn), 2017–2031
  • Table 4 : Global Home Automation Market Size & Forecast, by Type, Value (US$ Bn), 2017–2031
  • Table 5 : Global Home Automation Market Size & Forecast, by Region, Value (US$ Bn), 2017–2031
  • Table 6 : Global Home Automation Market Size & Forecast, by Region, Volume (Million Units), 2017–2031
  • Table 7 : North America Home Automation Market Size & Forecast, by Component, Value (US$ Bn), 2017–2031
  • Table 8 : North America Home Automation Market Size & Forecast, by Component, Volume (Million Units), 2017–2031
  • Table 9 : North America Home Automation Market Size & Forecast, by Technology, Value (US$ Bn), 2017–2031
  • Table 10 : North America Home Automation Market Size & Forecast, by Type, Value (US$ Bn), 2017–2031
  • Table 11 : North America Home Automation Market Size & Forecast, by Country and Sub-region, Value (US$ Bn), 2017–2031
  • Table 12 : North America Home Automation Market Size & Forecast, by Country and Sub-region, Volume (Million Units), 2017–2031
  • Table 13 : Europe Home Automation Market Size & Forecast, by Component, Value (US$ Bn), 2017–2031
  • Table 14 : Europe Home Automation Market Size & Forecast, by Component, Volume (Million Units), 2017–2031
  • Table 15 : Europe Home Automation Market Size & Forecast, by Technology, Value (US$ Bn), 2017–2031
  • Table 16 : Europe Home Automation Market Size & Forecast, by Type, Value (US$ Bn), 2017–2031
  • Table 17 : Europe Home Automation Market Size & Forecast, by Country and Sub-region, Value (US$ Bn), 2017–2031
  • Table 18 : Europe Home Automation Market Size & Forecast, by Country and Sub-region, Volume (Million Units), 2017–2031
  • Table 19 : Asia Pacific Home Automation Market Size & Forecast, by Component, Value (US$ Bn), 2017–2031
  • Table 20 : Asia Pacific Home Automation Market Size & Forecast, by Component, Volume (Million Units), 2017–2031
  • Table 21 : Asia Pacific Home Automation Market Size & Forecast, by Technology, Value (US$ Bn), 2017–2031
  • Table 22 : Asia Pacific Home Automation Market Size & Forecast, by Type, Value (US$ Bn), 2017–2031
  • Table 23 : Asia Pacific Home Automation Market Size & Forecast, by Country and Sub-region, Value (US$ Bn), 2017–2031
  • Table 24 : Asia Pacific Home Automation Market Size & Forecast, by Country and Sub-region, Volume (Million Units), 2017–2031
  • Table 25 : Middle East & Africa Home Automation Market Size & Forecast, by Component, Value (US$ Bn), 2017–2031
  • Table 26 : Middle East & Africa Home Automation Market Size & Forecast, by Component, Volume (Million Units), 2017–2031
  • Table 27 : Middle East & Africa Home Automation Market Size & Forecast, by Technology, Value (US$ Bn), 2017–2031
  • Table 28 : Middle East & Africa Home Automation Market Size & Forecast, by Type, Value (US$ Bn), 2017–2031
  • Table 29 : Middle East & Africa Home Automation Market Size & Forecast, by Country and Sub-region, Value (US$ Bn), 2017–2031
  • Table 30 : Middle East & Africa Home Automation Market Size & Forecast, by Country and Sub-region, Volume (Million Units), 2017–2031
  • Table 31 : South America Home Automation Market Size & Forecast, by Component, Value (US$ Bn), 2017–2031
  • Table 32 : South America Home Automation Market Size & Forecast, by Component, Volume (Million Units), 2017–2031
  • Table 33 : South America Home Automation Market Size & Forecast, by Technology, Value (US$ Bn), 2017–2031
  • Table 34 : South America Home Automation Market Size & Forecast, by Type, Value (US$ Bn), 2017–2031
  • Table 35 : South America Home Automation Market Size & Forecast, by Country and Sub-region, Value (US$ Bn), 2017–2031
  • Table 36 : South America Home Automation Market Size & Forecast, by Country and Sub-region, Volume (Million Units), 2017–2031
  • Figure 1 : Global Home Automation Price Trend Analysis (Average Price, US$)
  • Figure 2 : Global Home Automation Market, Value (US$ Bn), 2017–2031
  • Figure 3 : Global Home Automation Market, Y-O-Y Value (US$ Bn), 2017–2031
  • Figure 4 : Global Home Automation Market, Volume (Million Units), 2017–2031
  • Figure 5 : Global Home Automation Market, Y-O-Y Volume (Million Units), 2017–2031
  • Figure 6 : Global Home Automation Market Projections, by Component, Value (US$ Bn), 2017–2031
  • Figure 7 : Global Home Automation Market, Incremental Opportunity, by Component, Value (US$ Bn), 2022–2031
  • Figure 8 : Global Home Automation Market Share, by Component, Value (US$ Bn), 2022–2031
  • Figure 9 : Global Home Automation Market Projections, by Technology, Value (US$ Bn), 2017–2031
  • Figure 10 : Global Home Automation Market, Incremental Opportunity, by Technology, Value (US$ Bn), 2022–2031
  • Figure 11 : Global Home Automation Market Share, by Technology, Value (US$ Bn), 2022–2031
  • Figure 12 : Global Home Automation Market Projections, by Type, Value (US$ Bn), 2017–2031
  • Figure 13 : Global Home Automation Market, Incremental Opportunity, by Type, Value (US$ Bn), 2022–2031
  • Figure 14 : Global Home Automation Market Share, by Type, Value (US$ Bn), 2022–2031
  • Figure 15 : Global Home Automation Market Size & Forecast, by Region, Value (US$ Bn), 2017–2031
  • Figure 16 : Global Home Automation Market Attractiveness, by Region, Value (US$ Bn), 2022–2031
  • Figure 17 : Global Home Automation Market Size & Forecast, by Region, Value (US$ Bn), 2022–2031
  • Figure 18 : North America Home Automation Market, Value (US$ Bn), 2017–2031
  • Figure 19 : North America Home Automation Market, Y-O-Y Value (US$ Bn), 2017–2031
  • Figure 20 : North America Home Automation Market, Volume (Million Units), 2017–2031
  • Figure 21 : North America Home Automation Market, Y-O-Y Volume (Million Units), 2017–2031
  • Figure 22 : North America Home Automation Market Projections, by Component, Value (US$ Bn), 2017–2031
  • Figure 23 : North America Home Automation Market, Incremental Opportunity, by Component, Value (US$ Bn), 2022–2031
  • Figure 24 : North America Home Automation Market Share, by Component, Value (US$ Bn), 2022–2031
  • Figure 25 : North America Home Automation Market Projections, by Technology, Value (US$ Bn), 2017–2031
  • Figure 26 : North America Home Automation Market, Incremental Opportunity, by Technology, Value (US$ Bn), 2022–2031
  • Figure 27 : North America Home Automation Market Share, by Technology, Value (US$ Bn), 2022–2031
  • Figure 28 : North America Home Automation Market Projections, by Type, Value (US$ Bn), 2017–2031
  • Figure 29 : North America Home Automation Market, Incremental Opportunity, by Type, Value (US$ Bn), 2022–2031
  • Figure 30 : North America Home Automation Market Share, by Type, Value (US$ Bn), 2022–2031
  • Figure 31 : North America Home Automation Market Size & Forecast, by Country and Sub-region, Value (US$ Bn), 2017–2031
  • Figure 32 : North America Home Automation Market Attractiveness, by Country and Sub-region, Value (US$ Bn), 2022–2031
  • Figure 33 : North America Home Automation Market Size & Forecast, by Country and Sub-region, Value (US$ Bn), 2022–2031
  • Figure 34 : Europe Home Automation Market, Value (US$ Bn), 2017–2031
  • Figure 35 : Europe Home Automation Market, Y-O-Y Value (US$ Bn), 2017–2031
  • Figure 36 : Europe Home Automation Market, Volume (Million Units), 2017–2031
  • Figure 37 : Europe Home Automation Market, Y-O-Y Volume (Million Units), 2017–2031
  • Figure 38 : Europe Home Automation Market Projections, by Component, Value (US$ Bn), 2017–2031
  • Figure 39 : Europe Home Automation Market, Incremental Opportunity, by Component, Value (US$ Bn), 2022–2031
  • Figure 40 : Europe Home Automation Market Share, by Component, Value (US$ Bn), 2022–2031
  • Figure 41 : Europe Home Automation Market Projections, by Technology, Value (US$ Bn), 2017–2031
  • Figure 42 : Europe Home Automation Market, Incremental Opportunity, by Technology, Value (US$ Bn), 2022–2031
  • Figure 43 : Europe Home Automation Market Share, by Technology, Value (US$ Bn), 2022–2031
  • Figure 44 : Europe Home Automation Market Projections, by Type, Value (US$ Bn), 2017–2031
  • Figure 45 : Europe Home Automation Market, Incremental Opportunity, by Type, Value (US$ Bn), 2022–2031
  • Figure 46 : Europe Home Automation Market Share, by Type, Value (US$ Bn), 2022–2031
  • Figure 47 : Europe Home Automation Market Size & Forecast, by Country and Sub-region, Value (US$ Bn), 2017–2031
  • Figure 48 : Europe Home Automation Market Attractiveness, by Country and Sub-region, Value (US$ Bn), 2022–2031
  • Figure 49 : Europe Home Automation Market Size & Forecast, by Country and Sub-region, Value (US$ Bn), 2022–2031
  • Figure 50 : Asia Pacific Home Automation Market, Value (US$ Bn), 2017–2031
  • Figure 51 : Asia Pacific Home Automation Market, Y-O-Y Value (US$ Bn), 2017–2031
  • Figure 52 : Asia Pacific Home Automation Market, Volume (Million Units), 2017–2031
  • Figure 53 : Asia Pacific Home Automation Market, Y-O-Y Volume (Million Units), 2017–2031
  • Figure 54 : Asia Pacific Home Automation Market Projections, by Component, Value (US$ Bn), 2017–2031
  • Figure 55 : Asia Pacific Home Automation Market, Incremental Opportunity, by Component, Value (US$ Bn), 2022–2031
  • Figure 56 : Asia Pacific Home Automation Market Share, by Component, Value (US$ Bn), 2022–2031
  • Figure 57 : Asia Pacific Home Automation Market Projections, by Technology, Value (US$ Bn), 2017–2031
  • Figure 58 : Asia Pacific Home Automation Market, Incremental Opportunity, by Technology, Value (US$ Bn), 2022–2031
  • Figure 59 : Asia Pacific Home Automation Market Share, by Technology, Value (US$ Bn), 2022–2031
  • Figure 60 : Asia Pacific Home Automation Market Projections, by Type, Value (US$ Bn), 2017–2031
  • Figure 61 : Asia Pacific Home Automation Market, Incremental Opportunity, by Type, Value (US$ Bn), 2022–2031
  • Figure 62 : Asia Pacific Home Automation Market Share, by Type, Value (US$ Bn), 2022–2031
  • Figure 63 : Asia Pacific Home Automation Market Size & Forecast, by Country and Sub-region, Value (US$ Bn), 2017–2031
  • Figure 64 : Asia Pacific Home Automation Market Attractiveness, by Country and Sub-region, Value (US$ Bn), 2022–2031
  • Figure 65 : Asia Pacific Home Automation Market Size & Forecast, by Country and Sub-region, Value (US$ Bn), 2022–2031
  • Figure 66 : Middle East & Africa Home Automation Market, Value (US$ Bn), 2017–2031
  • Figure 67 : Middle East & Africa Home Automation Market, Y-O-Y Value (US$ Bn), 2017–2031
  • Figure 68 : Middle East & Africa Home Automation Market, Volume (Million Units), 2017–2031
  • Figure 69 : Middle East & Africa Home Automation Market, Y-O-Y Volume (Million Units), 2017–2031
  • Figure 70 : Middle East & Africa Home Automation Market Projections, by Component, Value (US$ Bn), 2017–2031
  • Figure 71 : Middle East & Africa Home Automation Market, Incremental Opportunity, by Component, Value (US$ Bn), 2022–2031
  • Figure 72 : Middle East & Africa Home Automation Market Share, by Component, Value (US$ Bn), 2022–2031
  • Figure 73 : Middle East & Africa Home Automation Market Projections, by Technology, Value (US$ Bn), 2017–2031
  • Figure 74 : Middle East & Africa Home Automation Market, Incremental Opportunity, by Technology, Value (US$ Bn), 2022–2031
  • Figure 75 : Middle East & Africa Home Automation Market Share, by Technology, Value (US$ Bn), 2022–2031
  • Figure 76 : Middle East & Africa Home Automation Market Projections, by Type, Value (US$ Bn), 2017–2031
  • Figure 77 : Middle East & Africa Home Automation Market, Incremental Opportunity, by Type, Value (US$ Bn), 2022–2031
  • Figure 78 : Middle East & Africa Home Automation Market Share, by Type, Value (US$ Bn), 2022–2031
  • Figure 79 : Middle East & Africa Home Automation Market Size & Forecast, by Country and Sub-region, Value (US$ Bn), 2017–2031
  • Figure 80 : Middle East & Africa Home Automation Market Attractiveness, by Country and Sub-region, Value (US$ Bn), 2022–2031
  • Figure 81 : Middle East & Africa Home Automation Market Size & Forecast, by Country and Sub-region, Value (US$ Bn), 2022–2031
  • Figure 82 : South America Home Automation Market, Value (US$ Bn), 2017–2031
  • Figure 83 : South America Home Automation Market, Y-O-Y Value (US$ Bn), 2017–2031
  • Figure 84 : South America Home Automation Market, Volume (Million Units), 2017–2031
  • Figure 85 : South America Home Automation Market, Y-O-Y Volume (Million Units), 2017–2031
  • Figure 86 : South America Home Automation Market Projections, by Component, Value (US$ Bn), 2017–2031
  • Figure 87 : South America Home Automation Market, Incremental Opportunity, by Component, Value (US$ Bn), 2022–2031
  • Figure 88 : South America Home Automation Market Share, by Component, Value (US$ Bn), 2022–2031
  • Figure 89 : South America Home Automation Market Projections, by Technology, Value (US$ Bn), 2017–2031
  • Figure 90 : South America Home Automation Market, Incremental Opportunity, by Technology, Value (US$ Bn), 2022–2031
  • Figure 91 : South America Home Automation Market Share, by Technology, Value (US$ Bn), 2022–2031
  • Figure 92 : South America Home Automation Market Projections, by Type, Value (US$ Bn), 2017–2031
  • Figure 93 : South America Home Automation Market, Incremental Opportunity, by Type, Value (US$ Bn), 2022–2031
  • Figure 94 : South America Home Automation Market Share, by Type, Value (US$ Bn), 2022–2031
  • Figure 95 : South America Home Automation Market Size & Forecast, by Country and Sub-region, Value (US$ Bn), 2017–2031
  • Figure 96 : South America Home Automation Market Attractiveness, by Country and Sub-region, Value (US$ Bn), 2022–2031
  • Figure 97 : South America Home Automation Market Size & Forecast, by Country and Sub-region, Value (US$ Bn), 2022–2031

Leaders in analytics, research and advisory services for Fortune 500 companies, scores of high potential startups, and financial institutions. Our success stories have proven why we are a prominent provider of a cutting-edge syndicated and customized research services. Leverage the best of our seasoned research analysts who had a keen interest and enviable expertise of almost 4 million hours in global, regional, and local market intelligence.

Similar Reports from Transparency

Home Automation Market Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2030

  • Date - Jun 2018
  • Code - TMR697A

Home Automation Market: Overview
This comprehensive report by Transparency Market Research analyzes and forecasts the home automation market at the global and regional level. The report provides an analysis over the period 2016–2026, wherein 2018 to 2026 is the forecast period and the base year is 2017. An in-depth and unbiased market assessment has been made to offer readers in-depth ...

Become A Member

BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.

Find Out More

Custom Consulting

BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.

Customize Now

Scorecard

The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.

Find Out More

Innovation Spotlight

Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.

Find Out More
Home Automation Market (Component: Safety and Security, Access Control, Lighting System, Entertainment System, Heating Ventilation and Air Conditioning...