Smart Home Automation Market Size Worth $130.0 Billion by 2025: Grand View Research, Inc.
Wednesday, September 13, 2017
SAN FRANCISCO, September 13, 2017 /PRNewswire/ --
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.
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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 with TOC on "Smart Home Automation Market Analysis By
Component (Hardware, Software, Service), By Technology (Cellular, Wireless, Others), By
Application, By Region, And Segment Forecasts, 2014 - 2025" at:
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
- 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
Browse related reports by Grand View Research:
- Automotive Entertainment Systems Market -
- 3D Gesture Sensing Control Market -
- Leisure Centers Market -
- Colocation Market -
Grand View Research has segmented the smart home automation market based on component,
technology, application, and region:
- Component Outlook (Revenue, USD Million; 2014 - 2025)
- Technology Outlook (Revenue, USD Million; 2014 - 2025)
- Application Outlook (Revenue, USD Million; 2014 - 2025)
- HVAC & Energy Management
- Smart Kitchen
- Regional Outlook (Revenue, USD Million; 2014 - 2025)
- North America
- Asia Pacific
- South America
- The Middle East & Africa (MEA)
Read Our Blog By Grand View Research:
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.
Corporate Sales Specialist, USA
Grand View Research, Inc.
Toll Free: +1-888-202-9519
SOURCE Grand View Research, Inc.
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