Home Automation Market Scope And Analysis

Report Code : TIPTE100000139
Category : Technology, Media and Telecommunications

No. of Pages : 150

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Home Automation Market Analysis, Trends, and Scope 2024 to 2031

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Home Automation Market Report Scope

Report Attribute	Details
Market size in 2023	US$ 59.45 Billion
Market Size by 2031	US$ 135.13 Billion
Global CAGR (2023 - 2031)	10.8%
Historical Data	2021-2022
Forecast period	2024-2031
Segments Covered	By Product Entertainment Centers Security & Access Control Lighting Control Climate Control Outdoor Automation Systems By Networking Wired Wireless Power-Line
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Johnson Controls Siemens Legrand Schneider Electric Resideo Technologies Inc Snap One LLC ABB Crestron Electronics Inc Leviton Manufacturing Co Inc Lutron Electronics Co Inc

Home Automation Market News and Recent Developments

The home automation market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:

In January 2023, - Skyworks Solutions, Inc. and Semtech Corporation introduced the SKY66423-SX1261 reference design for low-power wide-area networks (LPWAN). The SKY66423-SX1261 combines Semtech’s LoRa Connect SX1261 transceiver with Skyworks’ SKY66423 front-end module (FEM) for use in a variety of industrial and smart city applications. The proliferation of wireless devices operating in the industrial, science and medical (ISM) bands contributes to noise interference and creates reliability challenges for long-range and power-sensitive applications. By increasing the transmit output power and reducing the receiver’s system noise figure, the SKY66423-SX1261 addresses these challenges and provides an effective solution for industrial IoT deployments using LoRaWAN.

(Source: Skyworks Solutions, Inc., Press Release, 2023)

In Jnauary 2023, Shelly, a division of Allterco Robotics, Ltd, announced the launch of 8 new smart home automation devices at the Consumer Electronics Show (CES). One of the fastest growing IoT brands in the world, Shelly has added advanced functionality to their newest devices while remaining true to the brand’s core benefits of affordability, interoperability, accessibility, energy efficiency, and ease of installation.

(Source: Shelly, Press Release, 2023)

Home Automation Market Report Coverage and Deliverables

The "Home Automation Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:

Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
Market dynamics such as drivers, restraints, and key opportunities
Key future trends
Detailed PEST/Porter's Five Forces and SWOT analysis
Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
Detailed company profiles