Global Smart Home AutomationMarket 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.
Full Research Report on Global Smart Home Automation Market Analysis:
http://www.grandviewresearch.com/industry-analysis/smart-home-automation-market
http://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).
View
more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand
View Research has segmented the Global 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)
View Press Release Of This Report by
Grand View Research: http://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.
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 visit: www.grandviewresearch.com
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