Home automation market

1. Home Automation Market Is To Reach At $81,645 Million By 2023 | CAGR 11.2% Global Opportunity Analysis And Industry Forecast, 2017-2023

2. Home Automation Market Overview: • Global Home Automation Market was valued at $39,607 million in 2016, and is projected to reach at $81,645 million by 2023, growing at a CAGR of 11.2% from 2017 to 2023. Home automation is utilization of intelligent terminals, which is automation system to control home appliances and equipment. Increase in awareness for efficient energy usage, rise in electricity prices, and technological advancements are expected to drive the home automation market growth. Moreover, increase in safety & security concerns fueled the adoption of home automation system, thus boosting the market growth. • Request Sample Report: • However, lack of awareness about home automation products and high initial investments in home automation are expected to hamper the home automation market growth. Increase in adoption of automated services is expected to provide lucrative opportunities for the global home automation market. • The report segments the global home automation market on the basis of application, type, technology, and region. Applications covered in the study includes lighting, safety & security, heating, ventilation, and air conditioning (HVAC), entertainment, and others. On the basis of technology, the home automation market is bifurcated into wired and wireless technology. By type, the home automation market, is classified into luxury, do it yourself (DIY), mainstream, and managed services. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Safety & security systems accounted for a dominant share of the market in 2016, and are expected to grow at a CAGR of 11.8% during the forecast period. The wireless technology was the dominant segment for home automation market accounting for about 53% in 2016. 2

3. Key Benefits • This study provides an in-depth analysis of the global home automation market along with current trends and future estimations to identify potential investment pockets for stakeholders. • It presents information related to key drivers, restraints, and opportunities along with their impact analysis. • Porter’s Five Forces analytical model illustrates the competitiveness of the market by analyzing various parameters, such as threat of new entrants, threat of substitutes, strength of the buyers, strength of the suppliers, and the degree of competition. • A quantitative analysis of the current market and estimations from 2016 to 2023 is provided to highlight the financial competency of the market. 3

4. The Key Market Players In The Report Are As Follows: • Crestron Electronics Inc. • AMX LLC (Harman) • Control4 Corporation • Honeywell International Inc. • Johnson Controls Inc. • Siemens AG • Zigbee alliance • Vantage Controls (Legrand) • Savant Systems LLC. • ABB 4

5. Home Automation Market Key Segments: By Application By Technology By Type Lighting Wired Luxury Safety & Security Wireless Do it Yourself (DIY) HVAC Managed Entertainment Mainstream Others 9

6. By Geography • North America • U.S • Canada • Mexico • Europe • UK • Germany • France • Italy • Rest of Europe • Asia-Pacific • India • China • Japan • Australia • Rest of Asia-Pacific • LAMEA • Latin America • Middle East • Africa 6

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