San
Francisco, Nov 27 The global smart
home automation market is expected to reach USD 130.0 billion by
2025, according to a new report by Grand View Research, Inc. The growing demand
for the convenience of remote and real-time operation of smart home automation
system has increased the growth and penetration of the smart home automation.
Increasing urban and geriatric population have created the need to incorporate
smart home automation concept in order to address the arising challenges.
Further, increase in demand of smartphones and easy accessibility of internet are
expected to fuel growth in the demand for the in the coming future. The growing
adoption of the automation in security, lighting, HVAC, energy management, and
smart kitchen arenas is anticipated to revolutionize the market by 2025.
The market has been segmented
based on varied technology of smart home automation, such as cellular,
wireless, and others. Based on applications, the market has been segmented into
security, lighting, entertainment, HVAC & energy management, and smart
kitchen. The entertainment sector is the biggest application sector in terms of
size and is expected to dominate for the forecast period owing to high demand
of home theaters, touchscreens, audio/video controls, and other entertainment
controls.
The growing awareness
and popularity of smart home automation is encouraging manufacturers to invest
in research & development for creating better products. Manufacturers are
making significant investments to simultaneously develop several new products
in an effort to enhance the users experience. Researchers are focusing on
innovating reliable and cost-effective products.
Browse full research report on Smart
Home Automation Market:
www.grandviewresearch.com/industry-analysis/smart-home-automation-market
Further key
findings from the report suggest:
- The growing demand for smart home
automation can be accredited to the increasing preference among consumers
for convenience, connectivity, safety, and security.
- The growing penetration of Internet
of Things (IoT) and the advancement of Internet accessibility which helps
in the move to direct digital controls for better machine to machine (M2M)
communication have encouraged users to adopt the smart home automation technology.
- With the arrival of various
wireless technologies such as ZigBee, Z-Wave, EnOcean, C-Bus, Wi-Fi,
Bluetooth, KNX, and Thread, installation of automated systems has been
simplified. Wireless technology is less invasive, have low set-up cost,
and more convenient to use.
- The North American region dominated
the market, accounting for the largest global market share in 2016 owing
to its large consumer base.
- Key industry participants include
ABB Ltd. (Switzerland), Honeywell International Inc. (U.S.), Johnson
Controls (U.S.), Schneider Electric (France), and Siemens AG (Germany).
Browse more reports of this category by
Grand View Research: www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand View Research has
segmented the smart home automation market based on component, technology,
application, and region:
Component Outlook
(Revenue, USD Million; 2014 - 2025)
- Hardware
- Software
- Service
Technology Outlook
(Revenue, USD Million; 2014 - 2025)
- Cellular
- Wireless
- Others
Application Outlook
(Revenue, USD Million; 2014 - 2025)
- Security
- Lighting
- Entertainment
- HVAC & Energy Management
- Smart Kitchen
Regional Outlook
(Revenue, USD Million; 2014 - 2025)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- Asia Pacific
- China
- Japan
- India
- South America
- Brazil
- The Middle East & Africa (MEA)
Browse press release of this report by
Grand View Research: www.grandviewresearch.com/press-release/global-smart-home-automation-market
About Grand View Research
Grand View Research,
Inc. is a U.S. based market research and consulting company, registered in the
State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For
more information: www.grandviewresearch.com
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