Home Automation System Market – Global Forecast To 2029
The home automation system market was valued at USD 57.67 billion in 2024 and is projected to reach USD 73.49 billion by 2029; it is expected to register a CAGR of 5.0% during the forecast period. Concerns about safety, security, and convenience among general population is driving the growth of the security & access control products. Whereas vulnerability to cyber-attacks is restraining the growth of the home automation system market.
ホームオートメーションシステム市場は2024年に576億7,000万米ドルと評価され、2029年までに734億9,000万米ドルに達すると予測されています。予測期間中に 5.0% の CAGR を記録すると予想されます。
The home automation system market is dominated by a few globally established players such as Johnson Controls Inc. (Ireland), Honeywell International Inc. (US), Schneider Electric (France), Siemens (Germany), ASSA ABLOY (Sweden), Apple Inc. (US), Robert Bosch (Germany), ABB (Switzerland), Legrand (France), ADT (US), Resideo Technologies Inc. (US). The study includes an in-depth competitive analysis of these key players in the home automation system market, with their company profiles, recent developments, and key market strategies.
Key Benefits to Buy the Report:
- Analysis of key Drivers (Rising need for convenience and comfort, Increasing demand for energy efficient devices, Favorable government regulations, Incorporating AI in Home automation), Restraints (High switching cost for existing smart device consumers, Complexity and glitches in setting up of smart homes), Opportunities (Increase in construction value (ROI), Adaptive to remote working, Elderly assistance and independence), Challenges (Cybersecurity concerns)
- Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the home automation system market.
- Market Development: Comprehensive information about lucrative markets – the report analyses the Home automation system market across varied countries.
- Market Diversification: Exhaustive information about new products and services, untapped geographies, recent developments, and investments in the home automation system market.
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and system types of leading players like Johnson Controls Inc. (Ireland), Honeywell International Inc. (US), Schneider Electric (France), Siemens (Germany), ASSA ABLOY (Sweden), Apple Inc. (US), Robert Bosch (Germany), ABB (Switzerland), Legrand (France), ADT (US), Resideo Technologies Inc. (US) among others in the home automation system market.