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Home Automation Market Expected to Reach $81.65 Billion By 2023 at a CAGR of 11.2%

Surge in smartphone-controlled applications that can monitor home appliances remotely, rise in concerns regarding safety and security of homes, increase in government initiatives as home automation system ensure efficient use of electricity, and rapid technological advancements in connective technologies have boosted the growth of the global home automation market.

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Home Automation Market Expected to Reach $81.65 Billion By 2023 at a CAGR of 11.2%

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  1. Home Automation Market Global Opportunity Analysis and Industry Forecast, 2017 - 2023 • Pages: 169 Tables: 61 Charts: 52

  2. Home Automation Market (2017 – 2023) MarketOverview • Global Home Automation Marketwas pegged at $43.09 billion in 2017 and is projected to reach $81.65 billion by 2023, registering a CAGR of 11.2% from 2017 to 2023. • Surge in smartphone-controlled applications that can monitor home appliances remotely, rise in concerns regarding safety and security of homes, increase in government initiatives as home automation system ensure efficient use of electricity, and rapid technological advancements in connective technologies have boosted the growth of the global home automation market. • However, lack of awareness regarding home automation and high installation cost hamper the market growth. On the contrary, rise in awareness for efficient energy usage among consumers, growing urbanization, and increase in inclination toward automation are expected to create lucrative opportunities for the market players in the near future. • Pages: 169 Tables: 61 Charts: 52

  3. Home Automation Market (2017 – 2023) MarketSegments • By Region • North America • Europe • Asia-Pacific • LAMEA • By Type • Luxury • Do it Yourself (DIY) • Managed • Mainstream • By Application  • Lighting • Safety & Security • HVAC • Entertainment • Others • By Technology   • Wired • Wireless • Pages: 169 Tables: 61 Charts: 52

  4. Home Automation Market (2017 – 2023) • KeyBenefits • This study provides an in-depth analysis of the global home automation market share along with current trends and future estimations to identify potential investment pockets for stakeholders. • It presents information related to key drivers, restraints, and opportunities along with their impact analysis. • Porter’s Five Forces analytical model illustrates the competitiveness of the market by analyzing various parameters, such as threat of new entrants, threat of substitutes, strength of the buyers, strength of the suppliers, and the degree of competition. • A quantitative analysis of the current market and estimations from 2016 to 2023 is provided to highlight the financial competency of the market. • Pages: 169 Tables: 61 Charts: 52

  5. Home Automation Market (2017 - 2023) KeyFindings • In 2016, the luxury segment accounted for the maximum revenue, and is projected to grow at a notable CAGR of 10.1% during the forecast period. • The wireless segment generated the maximum revenue, and is expected to grow at a CAGR of 11.6% during the forecast period. • Germany is the major shareholder in the European Home Automation Market, accounting for more than 36% share in 2016. • Pages: 169 Tables: 61 Charts: 52

  6. Home Automation Market (2017 - 2023) • KeyPlayers • Crestron Electronics Inc. • AMX LLC (Harman) • Control4 Corporation • Honeywell International Inc. • Johnson Controls Inc. • Siemens AG • Zigbee alliance • Vantage Controls (Legrand) • Savant Systems LLC. • ABB • Pages: 169 Tables: 61 Charts: 52

  7. About Allied Market Research Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Contact: ADavid Correa5933 NE Win Sivers Drive#205, Portland, OR 97220United StatesToll Free: +1-800-792-5285UK: +44-845-528-1300Hong Kong: +852-301-84916India (Pune): +91-20-66346060Fax: +1-855-550-5975help@alliedmarketresearch.comWeb: https://www.alliedmarketresearch.com

  8. Home Automation Market (2017 - 2023) A Report Titled “Home Automation Market: Global Opportunity Analysis and Industry Forecast, 2017-2023” Has Been Published By Allied Market Research. It Makes An In-depth Analysis Of Current Trends, Drivers, And Restraining Factors That Affect Financial Ratios Relevant To The Industry. Company Profiles, For Key Vendors In Business Builds A Comprehensive Picture Of Profitable Opportunities From Stakeholder’s Perspective. To Know More About Home Automation Market: Opportunities and Forecasts, 2017-2023 https://www.alliedmarketresearch.com/home-automation-market Press Release https://www.alliedmarketresearch.com/press-release/home-automation-market.html Download Sample Report: https://www.alliedmarketresearch.com/request-sample/278 • Pages: 169 Tables: 61 Charts: 52

  9. Home Automation Market (2017 - 2023) Thank You! For More Details Visit us @ https://www.alliedmarketresearch.com Follow Us On • Pages: 169 Tables: 61 Charts: 52

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