The Global Home Automation and Controls Market is Predict to reach $106.6 Billion by 2028, at a CAGR of 11.1%

Home Automation and Controls Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Home Automation and Control Market size is expected to reach $106.6 billion by 2028, rising at a market growth of 11.1% CAGR during the forecast period.

The Safety & Security segment is leading the Global Home Automation and Controls Market by Application in 2021 thereby, achieving a market value of $33.9 billion by 2028. The rapid expansion of the market is attributed to a surge in the concerns of people toward their security. In recent years, the cases of burglary and home invasions have increased. Owing to the fact that smart home automation systems can alert the user about any unusual activity at their doorstep or in their home, the adoption of smart home automation is increasing for home security.

The Mainstream Home Automation System segment is showcasing a CAGR of 11.3% during (2022 - 2028). This is explained by the improved usability and affordability of such home automation systems. These systems enable users to manage smart devices, frequently using a smart home app on Smartphone or other networked devices, giving homeowners protection, comfort, convenience, and energy economy.

The Wired Home Automation Systems segment has shown the growth rate of 11.7% during (2022 - 2028). Wired systems seem to be very dependable because they don't depend on sensors that communicate via radio frequency. There are few potential issues to be concerned about when a professional completes the first setup of a wired system. Controlling the lights one can utilise a wired keypad, and there are several options available. They are trustworthy and dependable. Wired keypads can be used for numerous rooms and lighting sequences once the proper wiring has been installed.

The Europe market dominated the Global Home Automation and Controls Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $35.3 billion by 2028. The North America market is exhibiting a CAGR of 10.9% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 11.9% during (2022 - 2028).

Full Report: https://www.kbvresearch.com/home-automation-and-controls-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Siemens AG, Honeywell International, Inc., ABB Group, Johnson Controls International PLC, Harman International Industries, Inc. (Samsung Electronics Co., Ltd.), Snap One Holdings Corp. (Control4), Legrand Group, ADT Inc., Nice S.p.A., and Leviton Manufacturing Co., Inc.

Global Home Automation and Controls Market Segmentation

By Application

• Safety & Security
• Entertainment
• HVAC
• Lighting
• Others

By Type

• Home Automation System
• Mainstream Home Automation System
• Managed Home Automation System

By Technology

• Computing Network Home Automation Systems
• Wireless Home Automation Systems
• Wired Home Automation Systems
• Powerline Home Automation Systems

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Companies Profiled

• Siemens AG
• Honeywell International, Inc.
• ABB Group
• Johnson Controls International PLC
• Harman International Industries, Inc. (Samsung Electronics Co., Ltd.)
• Snap One Holdings Corp. (Control4)
• Legrand Group
• ADT Inc.
• Nice S.p.A.
• Leviton Manufacturing Co., Inc.

Related Reports:

North America Home Automation and Controls Market Size, 2028

• December-2022
• 98 Pages

LAMEA Home Automation and Controls Market Size, 2022-2028

• December-2022
• 112 Pages

Europe Home Automation and Controls Market Size to 2022-2028

• December-2022
• 110 Pages

Asia Pacific Home Automation and Controls Market Size, 2028

• December-2022
• 111 Pages