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$75 Billion Growth Opportunities for the Global Home Automation Market, 2017-2022 - Research and MarketsThe "Growth Opportunities for the Global Home Automation Market" report has been added to Research and Markets' offering. The global home automation market is expected to reach an estimated $75.2 billion by 2022 with a CAGR of 11.4% from 2017 to 2022. The future of the home automation market looks attractive with opportunities in the safety and security, HVAC, entertainment, and lighting control applications. The major growth drivers for this market are increasing consumer need for simplicity and a personalized experience, growing awareness related to safety and security, and the adaption of cloud-based technologies. Emerging trends, which have a direct impact on the dynamics of the home automation industry, include growing demand for internet of things (IoT) technology in home automation systems, development of video enabled drones, and constant developments in security technology products such as smart cameras and various sensors and detectors. Home automation companies profiled in this market include ADT Corporation, Control4 Corporation, United Technologies Corporation, Honeywell, Johnson Control, Siemens AG (News - Alert), Acuity Brands, AMX Inc., Monitronics International, and Vivint Inc., are among the major home automation manufacturers. The author forecasts that the safety and security market is expected to remain the largest segment due to the increasing need for continuous monitoring services to reduce the risk of crime, burglary, and theft. The entertainment segment is expected to experience the highst growth rate during the forecast period, supported by the increasing need for advanced technology to provide a single platform to deliver a high level of control, flexibility, and the best entertainment experience. Within the home automation market by installation type, managed service is expected to remain the largest installation type due to the increasing demand for 24/7 monitoring services. The researcher predicts that the mainstream segment is expected to experience the highest growth rate during the forecast period because of its easy configuration and lower installation cost. North America is expected to remain the largest region during the forecast period due to the increasing usage of technologies and digitalization in the US and Canada. Asia Pacific is expected to witness the highest growth over the forecast period because of increasing awareness of safety, security, and energy efficiency. Scope of the Report Home Automation Market by Application [$M shipment analysis from 2011 to 2022]:
Home Automation Market by Installation Type [$M shipment analysis from 2011 to 2022]:
Home Automation Market by Technology [$M shipment analysis from 2011 to 2022]:
Key Topics Covered: 1. Executive Summary 2. Market Background and Classifications 3. Market Forecast Analysis from 2011 to 2022 4. Market Trends and Forecast Analysis by Region 5. Competitor Analysis 6. Growth Opportunities and Strategic Analysis 7. Company Profiles of Leading Players
For more information about this report visit https://www.researchandmarkets.com/research/f3sbwm/growth View source version on businesswire.com: http://www.businesswire.com/news/home/20171109006312/en/ |
