Home automation devices are gaining popularity with development of technology which can provide better connectivity, security, and services. Home automation industry has grown substantially in recent period. Previously developed countries are considered the only market for the home automation devices but recent development and market expansion by some companies have shown prospective interest in many developing nations which has widen its market which is still unexplored. In this document, we have discussed the factors and market prospect about home automation industry.

1. Smart Home
Automation
MarketTrend
Report and Industry Analysis on
Smart Home Automation Market

2. Business
Strategies
and
Consultant

3. Business
Introduction
Market
Introduction
Primary
Respondent
Report
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Continent
Breakdown
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Research
Methodology
Table Of Contents

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5. Smart Home
Automation
An Introduction to the Smart Home
Automation

6. Introduction
Home automation is a network of hardware, communication, and electrical interfaces that work together
to connect ordinary things to the Internet. Each gadget contains sensors and is WiFi-connected, allowing
you to operate them from your smartphone or tablet whether you're at home or thousands of miles away.
This enables you to turn on the lights, lock the front door, or even dial down the heat from anywhere.
Home automation allows gadgets to trigger one another, eliminating the need to operate them manually
via an app or voice assistant. With Internet of Things devices such as security cameras and systems,
home automation may also contribute to increased safety.
In this article we are going to gain a wider perspective on Home Automation Market.

7. According to the market research report published by Delvens, global home automation market size has
reached a value of USD 52.9 billion in 2021 and is expected to reach USD 78.4 billion in 2028 growing at a
CAGR of 16.39%. Security and facilities they offered is the main features which have attracted customers
towards it. Developed nations have already adopted this technology and offers a good market for it and
with increasing income and drop of price of the technology have bought the attention of developing
nations.
Market Prospect
Regional Analysis
If we talk about home automation market regional analysis, North America is the biggest market of home
automation systems. Technological development and awareness among customers about the value these
systems bought has helped to make it the biggest market and as per Delvens market research report,
North America will continue to be the biggest market till 2028. Home automation industry in US has
reached USD 12.35 billion in 2020.

8. Home automation market for Europe has also grown significantly. United Kingdom as one of the largest
markets in Europe followed by Germany and Netherland. Smart TVs, smart thermostat, and smart camera
are the most preferred devices in Europe.
With increasing income and increase in population of tech savvy people in Asia-Pacific, home automation
systems are gaining popularity in this region also. Asia-Pacific is one of the fastest growing markets for
home automation system.
Market Drivers
● Internet of Things - Internet of Things technology is likely to increase the size of the smart home
automation market. With new development and ease of connectivity will drive the growth of home
automation industry.
● Energy-Efficient Solution - An increase in demand for energy-efficient solutions is driving the home
automation industry. Home automation devices are designed to save electricity also. With rising in
power shortage, these devices have become people's choice.

9. ● Increase in Smartphone Users - With increase in smartphone users, it has become easy to use
smart devices. As more and more people are using smartphones, home automation devices will find
their way in the houses.
● Affluent and Elegant Lifestyle - Smart devices not only offer ease of life but also provides a sense of
elegant lifestyle. Many people buy these devices to experience the futuristic technology.
Market Retainers
● Covid 19 - Pandemic has disrupted many industries and it holds true for home automation
industry also. Lack of manpower, decreased demand in market, and disruption of supply chain has
affected the growth of the market.
● High Cost - Although technological advancement has helped in lowering the price of these
devices but still these devices cost high. This can affect growth of the market but with
development of technology, it will become affordable for low-income group also.

10. Developments
● In January 2018, Interlogix, a United Technologies company, revealed new features and components
for its UltraSync Smart Home system, which offers customers greater home security and
automation options.
● ADT Inc. established a long-term cooperation with Google LLC in August 2020 to provide smart
home security systems across the United States. Furthermore, Google has invested USD 450 million
in ADT Inc. to strengthen its home security product.
● The UEI and Hunter Douglas PowerView Gen 3 Gateway and Remote Control is now available. The
new approach has been completely revamped to make automated shading more convenient, reliable,
and scalable.
● Lack of Awareness - In many developing nations, people are unaware of the benefits of smart
devices which hinders its growth. As companies started exploring new market and increase
awareness among people, those without knowledge of these devices may start preferring these
devices.

11. Conclusion
Today, we have an abundance of IoT devices such as smart lights, smart appliances and smart locks.
Home automation allows such devices to be controlled using your smartphone, tablet or computer. No
longer will you waste valuable time looking for your keys, or turning up the heat from your bed. As more
devices are connected to the Internet, the home becomes increasingly more automated. In the future, we
will control everything from one central system, gaining immense amounts of convenience.
● Frenchcalifornia has collaborated with Google to display its Nest smart-home devices in a set of
showcase apartment interiors at Selene, Foster + Partners' 63-story luxury tower in New York.
● Vivint Has Emerge As The Leading Smart Home Provider. Vivint was valued at over $2 billion in late
2012, and it exceeded $650 million in revenue in 2015.

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Breakdown
Breakdown of our data collection
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16. Report Segmentation
Technology
End-User
Application
Region

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● Safety & Security
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On the basis of Technology
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● Asia Pacific
● North America
● Europe
● South America
● Middle East & Africa

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